FLOYD -B-

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

Operated by COX, JOHN L. (P-5 185980) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 29889District 08Field 85280300NGPA filingOilCasinghead gasSave Export

Value, all time

$887 k

Jan 1993 – May 2002

Value, last 12 filed months

$8 k

at the published price for each month

Months reported

113

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 16,587 leases and 43,997 wells, and the rule below applies to all of them.

Discovered

1952-12-22

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2018-02-13.

The Commission's schedule remark for this field reads: “SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.”

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	2	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	46,686 bbl	$826,661
Casinghead gas	Production	66,806 Mcf	$60,460
Total			$887,121

46,883 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 31.8611, -101.7878. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.86107, -101.78782 · 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

8,725 ft

2 wells filed one

Completion to plug

16.6 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 8,700 and 8,750 ft, median 8,725 ft, over the 2 wells that filed a depth.

Completions filed

May 1984 – May 1985

2 of 2 wells

Plug dates filed

Oct 2000 – Feb 2002

2 of 2 wells

Last completion to plug: a median of 16.6 years across the 2 wells that filed both dates, with the middle half between 16.0 years and 17.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-32931475	2	8,700 ft	May 1985	Oct 2000	Yes
42-32931474	1	8,750 ft	May 1984	Feb 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 (113)

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

113 months


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	123	0	23.93	3.20	$2,943
Jun 2001	171	285	24.56	3.82	$5,290
May 2001	349	328	25.52	4.31	$10,319
Apr 2001	347	346	24.68	5.34	$10,410
Mar 2001	331	312	24.54	5.38	$9,800
Feb 2001	515	281	27.75	5.77	$15,912
Jan 2001	349	305	27.47	8.40	$12,149
Dec 2000	349	304	26.88	9.12	$12,154
Nov 2000	175	290	32.21	5.66	$7,278
Oct 2000	354	332	31.23	5.15	$12,764
Sep 2000	359	327	31.87	5.19	$13,137
Aug 2000	355	339	29.64	4.54	$12,062
Jul 2000	351	421	28.53	4.09	$11,736
Jun 2000	354	364	29.30	4.40	$11,973
May 2000	352	384	27.26	3.68	$11,009
Apr 2000	352	333	24.51	3.12	$9,665
Mar 2000	358	366	28.42	2.86	$11,221
Feb 2000	536	306	27.62	2.73	$15,639
Jan 2000	354	319	25.27	2.48	$9,737
Dec 1999	516	337	24.28	2.42	$13,345
Nov 1999	357	355	23.19	2.43	$9,143
Oct 1999	350	320	20.98	2.80	$8,240
Sep 1999	345	287	21.75	2.62	$8,255
Aug 1999	346	323	19.26	2.88	$7,593
Jul 1999	353	381	17.89	2.37	$7,219
Jun 1999	869	708	15.94	2.36	$15,524
May 1999	171	390	15.79	2.32	$3,605
Apr 1999	523	347	15.10	2.21	$8,663
Mar 1999	517	375	12.47	1.84	$7,136
Feb 1999	176	362	9.98	1.82	$2,415
Jan 1999	506	372	10.38	1.90	$5,959
Dec 1998	334	343	9.20	1.77	$3,681
Nov 1998	346	371	10.89	2.19	$4,579
Oct 1998	522	400	12.42	1.97	$7,271
Sep 1998	363	423	12.59	2.08	$5,451
Aug 1998	739	499	11.30	1.91	$9,302
Jul 1998	368	503	11.74	2.24	$5,446
Jun 1998	711	500	11.24	2.24	$9,110
May 1998	358	497	12.62	2.21	$5,615
Apr 1998	579	481	13.04	2.51	$8,755
Mar 1998	584	470	12.80	2.31	$8,561
Feb 1998	579	419	13.95	2.30	$9,040
Jan 1998	369	459	14.70	2.15	$6,413
Dec 1997	203	153	16.32	2.41	$3,682
Nov 1997	589	272	18.19	3.09	$11,554
Oct 1997	393	330	19.25	3.15	$8,605
Sep 1997	378	343	17.74	2.95	$7,719
Aug 1997	188	322	17.86	2.55	$4,180
Jul 1997	380	371	17.58	2.25	$7,514
Jun 1997	580	421	17.24	2.26	$10,949
May 1997	391	447	18.97	2.31	$8,449
Apr 1997	378	377	17.88	2.08	$7,544
Mar 1997	388	387	18.95	1.94	$8,103
Feb 1997	380	316	20.49	2.21	$8,483
Jan 1997	197	320	23.48	3.54	$5,758
Dec 1996	386	347	23.32	—	$9,002
Nov 1996	188	347	21.97	—	$4,130
Oct 1996	404	413	23.31	—	$9,417
Sep 1996	2	381	22.22	—	$44
Aug 1996	397	614	20.26	—	$8,043
Jul 1996	196	689	19.55	—	$3,832
Jun 1996	188	622	18.73	—	$3,521
May 1996	384	610	19.43	—	$7,461
Apr 1996	194	505	21.51	—	$4,173
Mar 1996	354	538	19.38	—	$6,861
Feb 1996	202	458	16.98	—	$3,430
Jan 1996	201	455	17.07	—	$3,431
Dec 1995	397	567	17.19	—	$6,824
Nov 1995	195	567	16.00	—	$3,120
Oct 1995	404	548	15.43	—	$6,234
Sep 1995	199	1,032	16.18	—	$3,220
Aug 1995	580	1,528	15.92	—	$9,234
Jul 1995	567	1,352	15.24	—	$8,641
Jun 1995	378	1,181	16.41	—	$6,203
May 1995	173	606	17.56	—	$3,038
Apr 1995	586	1,176	17.73	—	$10,390
Mar 1995	728	1,268	16.44	—	$11,968
Feb 1995	578	1,034	16.58	—	$9,583
Jan 1995	602	1,102	15.92	—	$9,584
Dec 1994	582	1,190	15.03	—	$8,747
Nov 1994	901	1,049	15.90	—	$14,326
Oct 1994	582	1,098	15.58	—	$9,068
Sep 1994	534	1,074	15.29	—	$8,165
Aug 1994	779	1,238	16.13	—	$12,565
Jul 1994	712	1,249	17.56	—	$12,503
Jun 1994	700	1,209	17.09	—	$11,963
May 1994	566	1,197	15.88	—	$8,988
Apr 1994	736	1,206	14.14	—	$10,407
Mar 1994	746	1,197	12.46	—	$9,295
Feb 1994	768	1,003	12.50	—	$9,600
Jan 1994	695	1,090	12.66	—	$8,799
Dec 1993	354	1,185	12.33	—	$4,365
Nov 1993	741	1,130	14.49	—	$10,737
Oct 1993	704	1,201	15.85	—	$11,158
Sep 1993	742	1,192	15.03	—	$11,152
Aug 1993	582	1,352	15.66	—	$9,114
Jul 1993	754	1,300	15.46	—	$11,657
Jun 1993	739	1,308	16.79	—	$12,408
May 1993	574	1,348	17.68	—	$10,148
Apr 1993	773	1,328	18.05	—	$13,953
Mar 1993	758	1,285	18.14	—	$13,750
Feb 1993	774	1,239	17.90	—	$13,855
Jan 1993	647	1,275	16.93	—	$10,954

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.

Jul 2001 — as filed, then multipliedworked

Oil                  123 bbl  × $ 23.93 =     $2,943
Casinghead gas         0 Mcf  × $  3.20 =         $0

────────────────────────────────────────────────────
Month total                                   $2,943

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/29889 is the state's own key, not one this site invented.