LOVING -BB- FEE

Name: LOVING -BB- 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 DIMMITT (CHERRY CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31318District 08Field 24853400NGPA filingOilCasinghead gasSave Export

Value, all time

$2.5 M

Jan 1993 – Nov 2007

Value, last 12 filed months

$53 k

at the published price for each month

Months reported

179

no gaps in the span

Streams

oil, casinghead gas

The DIMMITT (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 79 leases and 204 wells, and the rule below applies to all of them.

Discovered

1980-08-23

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	4	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	86,529 bbl	$1,726,676
Casinghead gas	Production	364,787 Mcf	$776,699
Total			$2,503,374

174,831 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 (4)

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 31.8210, -103.5092. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.82103, -103.50923 · 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%

4 of 4 wells

With a plug date

100.0%

4 of 4 wells

Median depth

6,618 ft

4 wells filed one

Completion to plug

28.6 years

median over 4 wells

What the state filed about each well

On the RRC proration schedule

4100.0%

A plug date is filed

4100.0%

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

4100.0%

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 6,610 and 6,650 ft, median 6,618 ft, over the 4 wells that filed a depth.

Completions filed

Jul 1987 – Apr 2008

4 of 4 wells

Plug dates filed

Jul 2016

4 of 4 wells

Last completion to plug: a median of 28.6 years across the 4 wells that filed both dates, with the middle half between 23.4 years and 28.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells


42-30130755	2	6,610 ft	Apr 2008	Jul 2016	Yes
42-30130797	4	6,625 ft	Feb 1988	Jul 2016	Yes
42-30130784	3	6,610 ft	Nov 1987	Jul 2016	Yes
42-30130748	1	6,650 ft	Jul 1987	Jul 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	89	317	62.00	7.55	$7,911
May 2007	57	200	58.74	7.85	$4,917
Apr 2007	0	384	59.61	7.81	$2,997
Mar 2007	94	317	56.92	7.30	$7,665
Feb 2007	65	873	55.10	8.22	$10,754
Jan 2007	33	963	50.30	6.73	$8,138
Dec 2006	64	957	56.65	6.92	$10,247
Nov 2006	51	938	54.20	7.62	$9,909
Oct 2006	143	931	54.90	6.01	$13,450
Sep 2006	65	840	60.08	5.04	$8,136
Aug 2006	53	975	68.71	7.34	$10,798
Jul 2006	102	1,021	69.37	6.34	$13,552
Jun 2006	103	1,023	66.28	6.38	$13,358
May 2006	173	1,026	66.01	6.42	$18,012
Apr 2006	67	931	64.39	7.36	$11,167
Mar 2006	68	1,018	56.70	7.08	$11,066
Feb 2006	160	916	57.59	7.75	$16,314
Jan 2006	68	1,007	60.59	8.93	$13,116
Dec 2005	88	997	54.94	13.42	$18,210
Nov 2005	28	403	54.69	10.59	$5,798
Oct 2005	103	0	58.34	13.80	$6,009
Sep 2005	108	612	61.45	12.08	$14,029
Aug 2005	168	1,085	61.51	9.80	$20,963
Jul 2005	127	1,615	55.69	7.84	$19,740
Jun 2005	205	3,226	52.33	7.38	$34,539
May 2005	266	3,573	45.22	6.65	$35,793
Apr 2005	137	1,000	49.20	7.36	$14,101
Mar 2005	285	924	50.37	7.15	$20,967
Feb 2005	70	930	45.22	6.31	$9,035
Jan 2005	335	1,046	43.16	6.32	$21,072
Dec 2004	66	848	39.86	6.75	$8,356
Nov 2004	199	975	45.28	6.33	$15,183
Oct 2004	142	919	49.70	6.52	$13,045
Sep 2004	167	892	43.24	5.28	$11,934
Aug 2004	256	976	42.37	5.55	$16,264
Jul 2004	177	1,041	38.28	6.08	$13,109
Jun 2004	258	990	36.10	6.43	$15,682
May 2004	168	1,112	37.48	6.49	$13,519
Apr 2004	336	1,110	34.47	5.86	$18,085
Mar 2004	177	1,048	34.36	5.53	$11,877
Feb 2004	191	1,005	32.45	5.51	$11,735
Jan 2004	325	1,072	32.03	6.30	$17,163
Dec 2003	173	1,111	30.26	6.30	$12,236
Nov 2003	170	1,114	28.80	4.60	$10,015
Oct 2003	164	1,164	28.17	4.76	$10,160
Sep 2003	165	1,040	26.31	4.75	$9,280
Aug 2003	115	1,170	29.76	5.13	$9,424
Jul 2003	169	1,063	29.41	5.17	$10,467
Jun 2003	174	516	28.56	5.98	$8,057
May 2003	121	845	26.59	5.97	$8,264
Apr 2003	181	1,099	26.67	5.41	$10,770
Mar 2003	192	1,113	31.14	6.10	$12,764
Feb 2003	187	1,005	33.48	7.93	$14,226
Jan 2003	233	1,120	30.31	5.58	$13,314
Dec 2002	115	1,118	26.91	4.85	$8,521
Nov 2002	234	1,099	24.66	4.14	$10,317
Oct 2002	132	1,113	26.46	4.23	$8,200
Sep 2002	226	1,481	27.44	3.64	$11,585
Aug 2002	284	1,595	25.96	3.16	$12,419
Jul 2002	222	1,609	24.58	3.06	$10,383
Jun 2002	146	1,552	23.73	3.34	$8,646
May 2002	274	1,636	24.66	3.58	$12,620
Apr 2002	207	1,460	23.65	3.51	$10,024
Mar 2002	243	1,609	22.00	3.10	$10,338
Feb 2002	248	1,068	18.22	2.38	$7,056
Jan 2002	359	1,591	17.17	2.38	$9,944
Dec 2001	353	1,591	16.93	2.36	$9,738
Nov 2001	474	1,554	18.07	2.41	$12,303
Oct 2001	345	1,241	19.78	2.53	$9,962
Sep 2001	225	1,318	24.26	2.25	$8,426
Aug 2001	344	1,194	24.87	3.05	$12,201
Jul 2001	345	1,151	23.93	3.20	$11,936
Jun 2001	230	1,276	24.56	3.82	$10,528
May 2001	352	1,626	25.52	4.31	$15,987
Apr 2001	350	1,529	24.68	5.34	$16,796
Mar 2001	466	1,642	24.54	5.38	$20,264
Feb 2001	352	1,492	27.75	5.77	$18,372
Jan 2001	344	1,652	27.47	8.40	$23,324
Dec 2000	465	1,629	26.88	9.12	$27,360
Nov 2000	343	1,609	32.21	5.66	$20,152
Oct 2000	343	1,688	31.23	5.15	$19,397
Sep 2000	344	1,611	31.87	5.19	$19,319
Aug 2000	463	1,681	29.64	4.54	$21,356
Jul 2000	346	1,745	28.53	4.09	$17,008
Jun 2000	345	1,761	29.30	4.40	$17,852
May 2000	479	1,776	27.26	3.68	$19,593
Apr 2000	497	1,738	24.51	3.12	$17,597
Mar 2000	495	1,961	28.42	2.86	$19,676
Feb 2000	339	1,580	27.62	2.73	$13,671
Jan 2000	220	1,563	25.27	2.48	$9,436
Dec 1999	326	1,661	24.28	2.42	$11,941
Nov 1999	321	1,620	23.19	2.43	$11,387
Oct 1999	313	1,730	20.98	2.80	$11,417
Sep 1999	316	1,682	21.75	2.62	$11,278
Aug 1999	320	1,639	19.26	2.88	$10,876
Jul 1999	328	1,358	17.89	2.37	$9,090
Jun 1999	328	1,613	15.94	2.36	$9,038
May 1999	441	1,543	15.79	2.32	$10,545
Apr 1999	422	1,420	15.10	2.21	$9,508
Mar 1999	332	1,187	12.47	1.84	$6,322
Feb 1999	489	2,156	9.98	1.82	$8,799
Jan 1999	583	2,095	10.38	1.90	$10,032
Dec 1998	596	2,278	9.20	1.77	$9,523
Nov 1998	593	2,282	10.89	2.19	$11,446
Oct 1998	845	2,655	12.42	1.97	$15,723
Sep 1998	600	2,558	12.59	2.08	$12,881
Aug 1998	832	2,641	11.30	1.91	$14,439
Jul 1998	698	2,725	11.74	2.24	$14,291
Jun 1998	771	2,747	11.24	2.24	$14,812
May 1998	652	2,686	12.62	2.21	$14,154
Apr 1998	662	2,386	13.04	2.51	$14,610
Mar 1998	555	2,623	12.80	2.31	$13,162
Feb 1998	673	2,278	13.95	2.30	$14,626
Jan 1998	780	2,676	14.70	2.15	$17,232
Dec 1997	653	2,612	16.32	2.41	$16,955
Nov 1997	652	2,545	18.19	3.09	$19,720
Oct 1997	655	2,398	19.25	3.15	$20,162
Sep 1997	530	2,454	17.74	2.95	$16,653
Aug 1997	516	2,377	17.86	2.55	$15,288
Jul 1997	645	2,487	17.58	2.25	$16,927
Jun 1997	574	2,444	17.24	2.26	$15,412
May 1997	696	2,727	18.97	2.31	$19,498
Apr 1997	720	2,634	17.88	2.08	$18,360
Mar 1997	825	2,765	18.95	1.94	$20,995
Feb 1997	700	2,729	20.49	2.21	$20,363
Jan 1997	702	2,610	23.48	3.54	$25,722
Dec 1996	857	2,765	23.32	—	$19,985
Nov 1996	642	2,786	21.97	—	$14,105
Oct 1996	639	2,813	23.31	—	$14,895
Sep 1996	638	3,220	22.22	—	$14,176
Aug 1996	844	3,228	20.26	—	$17,099
Jul 1996	635	3,230	19.55	—	$12,414
Jun 1996	772	3,163	18.73	—	$14,460
May 1996	772	3,247	19.43	—	$15,000
Apr 1996	779	3,164	21.51	—	$16,756
Mar 1996	781	3,343	19.38	—	$15,136
Feb 1996	894	3,343	16.98	—	$15,180
Jan 1996	792	3,566	17.07	—	$13,519
Dec 1995	1,063	4,133	17.19	—	$18,273
Nov 1995	709	3,457	16.00	—	$11,344
Oct 1995	809	3,866	15.43	—	$12,483
Sep 1995	931	4,888	16.18	—	$15,064
Aug 1995	790	4,827	15.92	—	$12,577
Jul 1995	857	3,252	15.24	—	$13,061
Jun 1995	874	3,074	16.41	—	$14,342
May 1995	874	4,083	17.56	—	$15,347
Apr 1995	849	3,842	17.73	—	$15,053
Mar 1995	1,064	3,826	16.44	—	$17,492
Feb 1995	955	3,407	16.58	—	$15,834
Jan 1995	1,075	3,807	15.92	—	$17,114
Dec 1994	796	3,006	15.03	—	$11,964
Nov 1994	855	3,594	15.90	—	$13,595
Oct 1994	994	3,928	15.58	—	$15,487
Sep 1994	980	3,386	15.29	—	$14,984
Aug 1994	930	3,880	16.13	—	$15,001
Jul 1994	1,038	3,746	17.56	—	$18,227
Jun 1994	998	3,845	17.09	—	$17,056
May 1994	996	3,909	15.88	—	$15,816
Apr 1994	1,057	3,807	14.14	—	$14,946
Mar 1994	1,330	4,421	12.46	—	$16,572
Feb 1994	1,240	3,853	12.50	—	$15,500
Jan 1994	1,301	4,543	12.66	—	$16,471
Dec 1993	1,148	4,084	12.33	—	$14,155
Nov 1993	1,273	3,882	14.49	—	$18,446
Oct 1993	1,266	4,230	15.85	—	$20,066
Sep 1993	1,323	5,446	15.03	—	$19,885
Aug 1993	1,564	4,303	15.66	—	$24,492
Jul 1993	1,535	751	15.46	—	$23,731
Jun 1993	1,185	4,591	16.79	—	$19,896
May 1993	1,385	4,829	17.68	—	$24,487
Apr 1993	968	3,717	18.05	—	$17,472
Mar 1993	764	2,193	18.14	—	$13,859
Feb 1993	727	3,055	17.90	—	$13,013
Jan 1993	907	3,502	16.93	—	$15,356

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                   89 bbl  × $ 62.00 =     $5,518
Casinghead gas       317 Mcf  × $  7.55 =     $2,393

────────────────────────────────────────────────────
Month total                                   $7,911

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/31318 is the state's own key, not one this site invented.