LOVING -AS- FEE

Name: LOVING -AS- FEE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WAGNER OIL COMPANY (P-5 891175) in the DIMMIT, NORTHEAST (DELAWARE SD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27443District 08Field 24862300NGPA filingOilCasinghead gasSave Export

Value, all time

$1.4 M

Jan 1993 – Nov 2007

Value, last 12 filed months

$85 k

at the published price for each month

Months reported

179

no gaps in the span

Streams

oil, casinghead gas

The DIMMIT, NORTHEAST (DELAWARE SD) field

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 31 leases and 67 wells, and the rule below applies to all of them.

Discovered

1982-06-11

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “CONSOLIDATED TO DIMMITT (DELAWARE CONS.)”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

Stream	Basis	Volume	Value
Oil	Disposition	44,036 bbl	$1,056,415
Casinghead gas	Production	106,096 Mcf	$347,833
Total			$1,404,248

33,512 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (2)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 31.8306, -103.5153. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.83060, -103.51535 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

6,580 ft

2 wells filed one

Completion to plug

27.6 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

Between 6,550 and 6,610 ft, median 6,580 ft, over the 2 wells that filed a depth.

Completions filed

Jun 1988 – Jul 1989

2 of 2 wells

Plug dates filed

Jul 2016 – Aug 2016

2 of 2 wells

Last completion to plug: a median of 27.6 years across the 2 wells that filed both dates, with the middle half between 27.3 years and 27.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-30130343	1	6,550 ft	Jul 1989	Jul 2016	Yes
42-30130476	2	6,610 ft	Jun 1988	Aug 2016	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (179)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

179 months


Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	166	791	62.00	7.55	$16,263
May 2007	67	668	58.74	7.85	$9,177
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	283	820	56.92	7.30	$22,096
Feb 2007	196	465	55.10	8.22	$14,620
Jan 2007	98	514	50.30	6.73	$8,387
Dec 2006	191	511	56.65	6.92	$14,355
Nov 2006	88	500	54.20	7.62	$8,578
Oct 2006	114	497	54.90	6.01	$9,247
Sep 2006	73	45	60.08	5.04	$4,613
Aug 2006	89	335	68.71	7.34	$8,574
Jul 2006	157	545	69.37	6.34	$14,348
Jun 2006	153	546	66.28	6.38	$13,626
May 2006	235	547	66.01	6.42	$19,027
Apr 2006	82	497	64.39	7.36	$8,938
Mar 2006	83	543	56.70	7.08	$8,552
Feb 2006	196	488	57.59	7.75	$15,070
Jan 2006	83	537	60.59	8.93	$9,826
Dec 2005	199	532	54.94	13.42	$18,070
Nov 2005	379	805	54.69	10.59	$29,251
Oct 2005	186	355	58.34	13.80	$15,749
Sep 2005	204	576	61.45	12.08	$19,493
Aug 2005	293	641	61.51	9.80	$24,302
Jul 2005	182	861	55.69	7.84	$16,889
Jun 2005	266	1,721	52.33	7.38	$26,623
May 2005	346	1,905	45.22	6.65	$28,317
Apr 2005	153	534	49.20	7.36	$11,458
Mar 2005	285	493	50.37	7.15	$17,883
Feb 2005	70	496	45.22	6.31	$6,296
Jan 2005	362	558	43.16	6.32	$19,152
Dec 2004	76	479	39.86	6.75	$6,263
Nov 2004	227	552	45.28	6.33	$13,773
Oct 2004	149	520	49.70	6.52	$10,793
Sep 2004	144	504	43.24	5.28	$8,890
Aug 2004	197	552	42.37	5.55	$11,411
Jul 2004	118	589	38.28	6.08	$8,101
Jun 2004	183	560	36.10	6.43	$10,209
May 2004	119	628	37.48	6.49	$8,539
Apr 2004	210	627	34.47	5.86	$10,912
Mar 2004	102	592	34.36	5.53	$6,779
Feb 2004	95	568	32.45	5.51	$6,212
Jan 2004	230	605	32.03	6.30	$11,178
Dec 2003	230	628	30.26	6.30	$10,917
Nov 2003	239	630	28.80	4.60	$9,778
Oct 2003	246	658	28.17	4.76	$10,062
Sep 2003	247	587	26.31	4.75	$9,286
Aug 2003	172	661	29.76	5.13	$8,509
Jul 2003	254	600	29.41	5.17	$10,573
Jun 2003	249	291	28.56	5.98	$8,852
May 2003	161	477	26.59	5.97	$7,130
Apr 2003	241	622	26.67	5.41	$9,791
Mar 2003	256	630	31.14	6.10	$11,812
Feb 2003	239	568	33.48	7.93	$12,504
Jan 2003	290	633	30.31	5.58	$12,323
Dec 2002	153	631	26.91	4.85	$7,180
Nov 2002	297	621	24.66	4.14	$9,893
Oct 2002	135	629	26.46	4.23	$6,232
Sep 2002	189	448	27.44	3.64	$6,815
Aug 2002	260	482	25.96	3.16	$8,275
Jul 2002	192	486	24.58	3.06	$6,207
Jun 2002	120	469	23.73	3.34	$4,413
May 2002	250	495	24.66	3.58	$7,939
Apr 2002	197	441	23.65	3.51	$6,208
Mar 2002	288	486	22.00	3.10	$7,844
Feb 2002	176	604	18.22	2.38	$4,642
Jan 2002	121	481	17.17	2.38	$3,220
Dec 2001	119	481	16.93	2.36	$3,152
Nov 2001	159	470	18.07	2.41	$4,004
Oct 2001	116	375	19.78	2.53	$3,243
Sep 2001	75	399	24.26	2.25	$2,718
Aug 2001	116	361	24.87	3.05	$3,987
Jul 2001	117	348	23.93	3.20	$3,912
Jun 2001	80	387	24.56	3.82	$3,445
May 2001	120	465	25.52	4.31	$5,065
Apr 2001	123	455	24.68	5.34	$5,463
Mar 2001	164	498	24.54	5.38	$6,702
Feb 2001	123	436	27.75	5.77	$5,928
Jan 2001	123	501	27.47	8.40	$7,587
Dec 2000	167	490	26.88	9.12	$8,959
Nov 2000	127	488	32.21	5.66	$6,852
Oct 2000	126	511	31.23	5.15	$6,564
Sep 2000	121	476	31.87	5.19	$6,325
Aug 2000	164	509	29.64	4.54	$7,172
Jul 2000	120	525	28.53	4.09	$5,571
Jun 2000	118	527	29.30	4.40	$5,775
May 2000	151	530	27.26	3.68	$6,067
Apr 2000	138	520	24.51	3.12	$5,003
Mar 2000	145	595	28.42	2.86	$5,822
Feb 2000	128	554	27.62	2.73	$5,046
Jan 2000	96	481	25.27	2.48	$3,619
Dec 1999	148	495	24.28	2.42	$4,793
Nov 1999	149	505	23.19	2.43	$4,684
Oct 1999	144	532	20.98	2.80	$4,513
Sep 1999	148	518	21.75	2.62	$4,576
Aug 1999	149	522	19.26	2.88	$4,371
Jul 1999	144	1,174	17.89	2.37	$5,361
Jun 1999	135	686	15.94	2.36	$3,772
May 1999	185	935	15.79	2.32	$5,091
Apr 1999	225	1,419	15.10	2.21	$6,531
Mar 1999	169	1,962	12.47	1.84	$5,714
Feb 1999	178	615	9.98	1.82	$2,894
Jan 1999	250	557	10.38	1.90	$3,653
Dec 1998	251	465	9.20	1.77	$3,134
Nov 1998	259	503	10.89	2.19	$3,920
Oct 1998	338	525	12.42	1.97	$5,232
Sep 1998	240	506	12.59	2.08	$4,075
Aug 1998	339	530	11.30	1.91	$4,842
Jul 1998	297	557	11.74	2.24	$4,733
Jun 1998	372	549	11.24	2.24	$5,410
May 1998	320	550	12.62	2.21	$5,252
Apr 1998	323	497	13.04	2.51	$5,457
Mar 1998	265	525	12.80	2.31	$4,604
Feb 1998	322	456	13.95	2.30	$5,540
Jan 1998	373	535	14.70	2.15	$6,636
Dec 1997	312	580	16.32	2.41	$6,490
Nov 1997	312	566	18.19	3.09	$7,423
Oct 1997	313	533	19.25	3.15	$7,704
Sep 1997	258	545	17.74	2.95	$6,187
Aug 1997	269	578	17.86	2.55	$6,281
Jul 1997	303	575	17.58	2.25	$6,619
Jun 1997	223	596	17.24	2.26	$5,190
May 1997	268	657	18.97	2.31	$6,601
Apr 1997	247	635	17.88	2.08	$5,739
Mar 1997	130	172	18.95	1.94	$2,797
Feb 1997	269	658	20.49	2.21	$6,963
Jan 1997	278	629	23.48	3.54	$8,754
Dec 1996	429	666	23.32	—	$10,004
Nov 1996	321	672	21.97	—	$7,052
Oct 1996	319	678	23.31	—	$7,436
Sep 1996	318	776	22.22	—	$7,066
Aug 1996	413	757	20.26	—	$8,367
Jul 1996	311	776	19.55	—	$6,080
Jun 1996	348	708	18.73	—	$6,518
May 1996	347	727	19.43	—	$6,742
Apr 1996	350	708	21.51	—	$7,529
Mar 1996	349	743	19.38	—	$6,764
Feb 1996	402	748	16.98	—	$6,826
Jan 1996	348	798	17.07	—	$5,940
Dec 1995	396	617	17.19	—	$6,807
Nov 1995	258	497	16.00	—	$4,128
Oct 1995	303	577	15.43	—	$4,675
Sep 1995	349	730	16.18	—	$5,647
Aug 1995	312	720	15.92	—	$4,967
Jul 1995	415	638	15.24	—	$6,325
Jun 1995	370	603	16.41	—	$6,072
May 1995	217	336	17.56	—	$3,811
Apr 1995	397	754	17.73	—	$7,039
Mar 1995	401	606	16.44	—	$6,592
Feb 1995	319	478	16.58	—	$5,289
Jan 1995	362	540	15.92	—	$5,763
Dec 1994	266	404	15.03	—	$3,998
Nov 1994	398	693	15.90	—	$6,328
Oct 1994	408	683	15.58	—	$6,357
Sep 1994	433	822	15.29	—	$6,621
Aug 1994	460	805	16.13	—	$7,420
Jul 1994	522	879	17.56	—	$9,166
Jun 1994	220	298	17.09	—	$3,760
May 1994	404	652	15.88	—	$6,416
Apr 1994	407	588	14.14	—	$5,755
Mar 1994	525	706	12.46	—	$6,542
Feb 1994	499	658	12.50	—	$6,238
Jan 1994	439	668	12.66	—	$5,558
Dec 1993	375	527	12.33	—	$4,624
Nov 1993	596	756	14.49	—	$8,636
Oct 1993	588	819	15.85	—	$9,320
Sep 1993	605	254	15.03	—	$9,093
Aug 1993	564	733	15.66	—	$8,832
Jul 1993	286	43	15.46	—	$4,422
Jun 1993	619	957	16.79	—	$10,393
May 1993	677	1,250	17.68	—	$11,969
Apr 1993	557	1,060	18.05	—	$10,054
Mar 1993	769	1,888	18.14	—	$13,950
Feb 1993	177	318	17.90	—	$3,168
Jan 1993	616	1,198	16.93	—	$10,429

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Jun 2007 — as filed, then multipliedworked

Oil                  166 bbl  × $ 62.00 =    $10,292
Casinghead gas       791 Mcf  × $  7.55 =     $5,971

────────────────────────────────────────────────────
Month total                                  $16,263

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 08/O/27443 is the state's own key, not one this site invented.