PHILLIPS-TXL -31-

Name: PHILLIPS-TXL -31- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by RUST OIL CORP. (P-5 737890) in the MOSSWELL (STRAWN 8720) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 29587District 08Field 63225666OilCasinghead gasSave Export

Value, all time

$79 k

Jan 1993 – Feb 1997

Value, last 12 filed months

$50 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The MOSSWELL (STRAWN 8720) 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 8 leases and 14 wells, and the rule below applies to all of them.

Discovered

1965-02-02

as the register files it

Field class

Oil

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1986-07-01.

The Commission's schedule remark for this field reads: “OPTIONAL 80 ACRES DIAG. 3250”

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	4,270 bbl	$78,747
Casinghead gas	Production	3,500 Mcf	$0
Total			$78,747

3,500 Mcf of this lease's gas, across 39 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 (1)

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 31.7729, -102.6118. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.77288, -102.61182 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

9,040 ft

1 wells filed one

Completion to plug

6.1 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

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

1100.0%

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

The one well that filed a depth was drilled to 9,040 ft.

Completions filed

Aug 1996

1 of 1 wells

Plug dates filed

Sep 2002

1 of 1 wells

Last completion to plug: a median of 6.1 years across the 1 well that filed both dates, with the middle half between 6.1 years and 6.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-13534667	4	9,040 ft	Aug 1996	Sep 2002	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 (50)

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

50 months


Feb 1997	0	0	20.49	2.21	$0
Jan 1997	0	0	23.48	3.54	$0
Dec 1996	0	0	23.32	—	$0
Nov 1996	0	0	21.97	—	$0
Oct 1996	0	0	23.31	—	$0
Sep 1996	0	0	22.22	—	$0
Aug 1996	377	171	20.26	—	$7,638
Jul 1996	351	165	19.55	—	$6,862
Jun 1996	359	229	18.73	—	$6,724
May 1996	436	514	19.43	—	$8,471
Apr 1996	896	82	21.51	—	$19,273
Mar 1996	36	29	19.38	—	$698
Feb 1996	1	0	16.98	—	$17
Jan 1996	1	0	17.07	—	$17
Dec 1995	1	0	17.19	—	$17
Nov 1995	45	0	16.00	—	$720
Oct 1995	0	0	15.43	—	$0
Sep 1995	3	38	16.18	—	$49
Aug 1995	61	47	15.92	—	$971
Jul 1995	65	45	15.24	—	$991
Jun 1995	64	45	16.41	—	$1,050
May 1995	42	34	17.56	—	$738
Apr 1995	46	37	17.73	—	$816
Mar 1995	42	36	16.44	—	$690
Feb 1995	79	30	16.58	—	$1,310
Jan 1995	76	33	15.92	—	$1,210
Dec 1994	39	36	15.03	—	$586
Nov 1994	71	64	15.90	—	$1,129
Oct 1994	139	71	15.58	—	$2,166
Sep 1994	70	60	15.29	—	$1,070
Aug 1994	73	40	16.13	—	$1,177
Jul 1994	35	39	17.56	—	$615
Jun 1994	75	36	17.09	—	$1,282
May 1994	34	13	15.88	—	$540
Apr 1994	15	10	14.14	—	$212
Mar 1994	34	18	12.46	—	$424
Feb 1994	30	32	12.50	—	$375
Jan 1994	62	33	12.66	—	$785
Dec 1993	59	29	12.33	—	$727
Nov 1993	34	158	14.49	—	$493
Oct 1993	34	21	15.85	—	$539
Sep 1993	16	74	15.03	—	$240
Aug 1993	48	110	15.66	—	$752
Jul 1993	16	123	15.46	—	$247
Jun 1993	31	236	16.79	—	$520
May 1993	85	81	17.68	—	$1,503
Apr 1993	85	321	18.05	—	$1,534
Mar 1993	43	103	18.14	—	$780
Feb 1993	65	110	17.90	—	$1,164
Jan 1993	96	147	16.93	—	$1,625

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.

Aug 1996 — as filed, then multipliedworked

Oil                  377 bbl  × $ 20.26 =     $7,638
Casinghead gas       171 Mcf  ×  no price            —

────────────────────────────────────────────────────
Month total                                   $7,638

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/29587 is the state's own key, not one this site invented.