TXL-AB LOVING FEE

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

Operated by JONES, J. VERNON OIL COMPANY (P-5 442525) in the PONDITO (CHERRY CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28563District 08Field 72243500NGPA filingOilCasinghead gasSave Export

Value, all time

$272 k

Jan 1993 – Mar 2008

Value, last 12 filed months

at the published price for each month

Months reported

183

no gaps in the span

Streams

oil, casinghead gas

The PONDITO (CHERRY CANYON) 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 19 leases and 25 wells, and the rule below applies to all of them.

Discovered

1963-09-27

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

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	16,153 bbl	$271,333
Casinghead gas	Production	680 Mcf	$504
Total			$271,837

470 Mcf of this lease's gas, across 47 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 31.8399, -103.7028. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.83991, -103.70283 · 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

6,067 ft

2 wells filed one

Completion to plug

10.8 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 6,040 and 6,093 ft, median 6,067 ft, over the 2 wells that filed a depth.

Completions filed

Nov 1983 – Apr 1984

2 of 2 wells

Plug dates filed

Apr 1985 – Jun 2004

2 of 2 wells

Last completion to plug: a median of 10.8 years across the 2 wells that filed both dates, with the middle half between 5.9 years and 15.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-30130510	2	6,040 ft	Apr 1984	Apr 1985	Yes
42-30130432	1	6,093 ft	Nov 1983	Jun 2004	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 (183)

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

183 months


Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
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	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	174	0	15.79	2.32	$2,747
Apr 1999	154	0	15.10	2.21	$2,325
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	5	10.38	1.90	$10
Dec 1998	0	5	9.20	1.77	$9
Nov 1998	0	5	10.89	2.19	$11
Oct 1998	0	5	12.42	1.97	$10
Sep 1998	0	5	12.59	2.08	$10
Aug 1998	0	5	11.30	1.91	$10
Jul 1998	0	5	11.74	2.24	$11
Jun 1998	169	5	11.24	2.24	$1,911
May 1998	175	10	12.62	2.21	$2,231
Apr 1998	193	10	13.04	2.51	$2,542
Mar 1998	191	10	12.80	2.31	$2,468
Feb 1998	165	10	13.95	2.30	$2,325
Jan 1998	177	10	14.70	2.15	$2,623
Dec 1997	179	10	16.32	2.41	$2,945
Nov 1997	173	10	18.19	3.09	$3,178
Oct 1997	180	10	19.25	3.15	$3,497
Sep 1997	180	10	17.74	2.95	$3,223
Aug 1997	181	10	17.86	2.55	$3,258
Jul 1997	184	10	17.58	2.25	$3,257
Jun 1997	378	10	17.24	2.26	$6,539
May 1997	221	10	18.97	2.31	$4,215
Apr 1997	198	10	17.88	2.08	$3,561
Mar 1997	202	10	18.95	1.94	$3,847
Feb 1997	183	10	20.49	2.21	$3,772
Jan 1997	189	10	23.48	3.54	$4,473
Dec 1996	212	10	23.32	—	$4,944
Nov 1996	172	10	21.97	—	$3,779
Oct 1996	351	10	23.31	—	$8,182
Sep 1996	182	10	22.22	—	$4,044
Aug 1996	204	10	20.26	—	$4,133
Jul 1996	181	10	19.55	—	$3,539
Jun 1996	182	10	18.73	—	$3,409
May 1996	369	10	19.43	—	$7,170
Apr 1996	174	10	21.51	—	$3,743
Mar 1996	219	10	19.38	—	$4,244
Feb 1996	190	10	16.98	—	$3,226
Jan 1996	186	10	17.07	—	$3,175
Dec 1995	184	10	17.19	—	$3,163
Nov 1995	403	10	16.00	—	$6,448
Oct 1995	180	10	15.43	—	$2,777
Sep 1995	191	10	16.18	—	$3,090
Aug 1995	379	10	15.92	—	$6,034
Jul 1995	182	10	15.24	—	$2,774
Jun 1995	368	10	16.41	—	$6,039
May 1995	182	10	17.56	—	$3,196
Apr 1995	0	0	17.73	—	$0
Mar 1995	221	10	16.44	—	$3,633
Feb 1995	182	10	16.58	—	$3,018
Jan 1995	372	10	15.92	—	$5,922
Dec 1994	192	10	15.03	—	$2,886
Nov 1994	425	10	15.90	—	$6,758
Oct 1994	182	10	15.58	—	$2,836
Sep 1994	196	10	15.29	—	$2,997
Aug 1994	359	10	16.13	—	$5,791
Jul 1994	183	10	17.56	—	$3,213
Jun 1994	431	10	17.09	—	$7,366
May 1994	182	10	15.88	—	$2,890
Apr 1994	230	10	14.14	—	$3,252
Mar 1994	367	10	12.46	—	$4,573
Feb 1994	369	10	12.50	—	$4,613
Jan 1994	182	10	12.66	—	$2,304
Dec 1993	221	10	12.33	—	$2,725
Nov 1993	382	10	14.49	—	$5,535
Oct 1993	205	10	15.85	—	$3,249
Sep 1993	415	10	15.03	—	$6,237
Aug 1993	272	10	15.66	—	$4,260
Jul 1993	182	10	15.46	—	$2,814
Jun 1993	361	10	16.79	—	$6,061
May 1993	365	10	17.68	—	$6,453
Apr 1993	183	10	18.05	—	$3,303
Mar 1993	378	10	18.14	—	$6,857
Feb 1993	385	10	17.90	—	$6,892
Jan 1993	194	10	16.93	—	$3,284

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.

May 1999 — as filed, then multipliedworked

Oil                  174 bbl  × $ 15.79 =     $2,747
Casinghead gas         0 Mcf  × $  2.32 =         $0

────────────────────────────────────────────────────
Month total                                   $2,747

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/28563 is the state's own key, not one this site invented.