LOVING -BC- FEE

Name: LOVING -BC- 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 31398District 08Field 24853400NGPA filingOilCasinghead gasSave Export

Value, all time

$3.5 M

Jan 1993 – Nov 2007

Value, last 12 filed months

$270 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	98,599 bbl	$2,219,511
Casinghead gas	Production	389,458 Mcf	$1,289,814
Total			$3,509,324

131,907 Mcf of this lease's gas, across 45 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 31.8465, -103.4951. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

31.84649, -103.49511 · 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

6,728 ft

4 wells filed one

Completion to plug

19.2 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 6,710 and 6,735 ft, median 6,728 ft, over the 4 wells that filed a depth.

Completions filed

Jun 1988 – Aug 1997

4 of 4 wells

Plug dates filed

Jul 2016 – Aug 2016

4 of 4 wells

Last completion to plug: a median of 19.2 years across the 4 wells that filed both dates, with the middle half between 19.0 years and 21.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells


42-30130798	4	6,735 ft	Aug 1997	Aug 2016	Yes
42-30130754	1	6,710 ft	Aug 1997	Jul 2016	Yes
42-30130783	2	6,725 ft	Mar 1997	Jul 2016	Yes
42-30130787	3	6,730 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	752	2,179	62.00	7.55	$63,072
May 2007	378	2,315	58.74	7.85	$40,368
Apr 2007	183	2,330	59.61	7.81	$29,095
Mar 2007	180	2,269	56.92	7.30	$26,814
Feb 2007	546	2,061	55.10	8.22	$47,018
Jan 2007	178	2,466	50.30	6.73	$25,542
Dec 2006	359	2,608	56.65	6.92	$38,381
Nov 2006	367	2,533	54.20	7.62	$39,186
Oct 2006	363	2,518	54.90	6.01	$35,071
Sep 2006	180	2,391	60.08	5.04	$22,858
Aug 2006	361	2,657	68.71	7.34	$44,306
Jul 2006	191	2,671	69.37	6.34	$30,191
Jun 2006	542	2,654	66.28	6.38	$52,867
May 2006	542	2,742	66.01	6.42	$53,395
Apr 2006	0	2,629	64.39	7.36	$19,351
Mar 2006	377	2,795	56.70	7.08	$41,173
Feb 2006	359	2,581	57.59	7.75	$40,680
Jan 2006	366	2,874	60.59	8.93	$47,850
Dec 2005	180	2,743	54.94	13.42	$46,688
Nov 2005	544	2,617	54.69	10.59	$57,461
Oct 2005	359	2,717	58.34	13.80	$58,427
Sep 2005	179	2,375	61.45	12.08	$39,687
Aug 2005	0	2,747	61.51	9.80	$26,912
Jul 2005	359	2,883	55.69	7.84	$42,606
Jun 2005	179	2,727	52.33	7.38	$29,495
May 2005	358	2,760	45.22	6.65	$34,546
Apr 2005	360	2,681	49.20	7.36	$37,445
Mar 2005	551	2,889	50.37	7.15	$48,424
Feb 2005	0	2,879	45.22	6.31	$18,172
Jan 2005	548	3,314	43.16	6.32	$44,603
Dec 2004	370	3,319	39.86	6.75	$37,155
Nov 2004	364	3,191	45.28	6.33	$36,682
Oct 2004	540	3,288	49.70	6.52	$48,260
Sep 2004	179	3,208	43.24	5.28	$24,691
Aug 2004	535	3,313	42.37	5.55	$41,057
Jul 2004	356	3,309	38.28	6.08	$33,760
Jun 2004	537	3,274	36.10	6.43	$40,447
May 2004	363	3,405	37.48	6.49	$35,719
Apr 2004	361	3,276	34.47	5.86	$31,636
Mar 2004	361	3,438	34.36	5.53	$31,417
Feb 2004	544	3,122	32.45	5.51	$34,854
Jan 2004	367	3,511	32.03	6.30	$33,873
Dec 2003	546	3,549	30.26	6.30	$38,886
Nov 2003	544	3,455	28.80	4.60	$31,543
Oct 2003	359	3,255	28.17	4.76	$25,606
Sep 2003	255	3,398	26.31	4.75	$22,847
Aug 2003	88	677	29.76	5.13	$6,092
Jul 2003	60	709	29.41	5.17	$5,431
Jun 2003	119	390	28.56	5.98	$5,732
May 2003	269	739	26.59	5.97	$11,567
Apr 2003	189	721	26.67	5.41	$8,939
Mar 2003	284	698	31.14	6.10	$13,099
Feb 2003	252	666	33.48	7.93	$13,716
Jan 2003	178	716	30.31	5.58	$9,392
Dec 2002	173	757	26.91	4.85	$8,330
Nov 2002	116	753	24.66	4.14	$5,976
Oct 2002	211	552	26.46	4.23	$7,918
Sep 2002	237	764	27.44	3.64	$9,281
Aug 2002	158	742	25.96	3.16	$6,449
Jul 2002	230	778	24.58	3.06	$8,035
Jun 2002	213	787	23.73	3.34	$7,682
May 2002	207	808	24.66	3.58	$8,000
Apr 2002	206	593	23.65	3.51	$6,955
Mar 2002	223	719	22.00	3.10	$7,137
Feb 2002	138	677	18.22	2.38	$4,123
Jan 2002	222	711	17.17	2.38	$5,501
Dec 2001	168	744	16.93	2.36	$4,603
Nov 2001	112	753	18.07	2.41	$3,835
Oct 2001	220	800	19.78	2.53	$6,375
Sep 2001	162	778	24.26	2.25	$5,682
Aug 2001	222	777	24.87	3.05	$7,893
Jul 2001	167	809	23.93	3.20	$6,583
Jun 2001	173	682	24.56	3.82	$6,857
May 2001	231	824	25.52	4.31	$9,444
Apr 2001	115	750	24.68	5.34	$6,840
Mar 2001	230	755	24.54	5.38	$9,703
Feb 2001	180	704	27.75	5.77	$9,055
Jan 2001	178	754	27.47	8.40	$11,222
Dec 2000	245	730	26.88	9.12	$13,245
Nov 2000	187	659	32.21	5.66	$9,752
Oct 2000	177	683	31.23	5.15	$9,042
Sep 2000	180	711	31.87	5.19	$9,424
Aug 2000	229	744	29.64	4.54	$10,166
Jul 2000	230	763	28.53	4.09	$9,682
Jun 2000	229	732	29.30	4.40	$9,928
May 2000	187	752	27.26	3.68	$7,865
Apr 2000	254	745	24.51	3.12	$8,547
Mar 2000	190	787	28.42	2.86	$7,650
Feb 2000	253	763	27.62	2.73	$9,068
Jan 2000	192	822	25.27	2.48	$6,891
Dec 1999	251	811	24.28	2.42	$8,060
Nov 1999	309	783	23.19	2.43	$9,072
Oct 1999	186	809	20.98	2.80	$6,170
Sep 1999	260	771	21.75	2.62	$7,674
Aug 1999	281	750	19.26	2.88	$7,569
Jul 1999	315	777	17.89	2.37	$7,479
Jun 1999	327	871	15.94	2.36	$7,270
May 1999	307	840	15.79	2.32	$6,797
Apr 1999	308	780	15.10	2.21	$6,373
Mar 1999	339	789	12.47	1.84	$5,678
Feb 1999	513	1,121	9.98	1.82	$7,157
Jan 1999	875	3,037	10.38	1.90	$14,853
Dec 1998	869	3,018	9.20	1.77	$13,347
Nov 1998	868	3,056	10.89	2.19	$16,132
Oct 1998	863	3,362	12.42	1.97	$17,339
Sep 1998	858	3,411	12.59	2.08	$17,906
Aug 1998	875	3,512	11.30	1.91	$16,586
Jul 1998	886	3,592	11.74	2.24	$18,438
Jun 1998	942	3,528	11.24	2.24	$18,481
May 1998	1,092	3,437	12.62	2.21	$21,364
Apr 1998	1,135	3,485	13.04	2.51	$23,531
Mar 1998	1,301	3,858	12.80	2.31	$25,563
Feb 1998	1,274	3,766	13.95	2.30	$26,431
Jan 1998	1,511	3,831	14.70	2.15	$30,467
Dec 1997	1,115	3,876	16.32	2.41	$27,542
Nov 1997	721	4,178	18.19	3.09	$26,018
Oct 1997	759	4,906	19.25	3.15	$30,064
Sep 1997	947	4,344	17.74	2.95	$29,636
Aug 1997	855	3,726	17.86	2.55	$24,789
Jul 1997	705	4,651	17.58	2.25	$22,844
Jun 1997	447	3,343	17.24	2.26	$15,252
May 1997	632	2,250	18.97	2.31	$17,183
Apr 1997	588	1,994	17.88	2.08	$14,667
Mar 1997	800	2,071	18.95	1.94	$19,176
Feb 1997	980	2,150	20.49	2.21	$24,823
Jan 1997	777	2,173	23.48	3.54	$25,936
Dec 1996	802	1,918	23.32	—	$18,703
Nov 1996	780	2,127	21.97	—	$17,137
Oct 1996	786	2,399	23.31	—	$18,322
Sep 1996	950	2,401	22.22	—	$21,109
Aug 1996	992	2,447	20.26	—	$20,098
Jul 1996	938	1,544	19.55	—	$18,338
Jun 1996	789	2,449	18.73	—	$14,778
May 1996	979	2,484	19.43	—	$19,022
Apr 1996	782	2,447	21.51	—	$16,821
Mar 1996	974	2,579	19.38	—	$18,876
Feb 1996	996	2,154	16.98	—	$16,912
Jan 1996	797	2,626	17.07	—	$13,605
Dec 1995	986	2,683	17.19	—	$16,949
Nov 1995	999	2,609	16.00	—	$15,984
Oct 1995	990	2,680	15.43	—	$15,276
Sep 1995	939	0	16.18	—	$15,193
Aug 1995	758	0	15.92	—	$12,067
Jul 1995	1,154	2,892	15.24	—	$17,587
Jun 1995	779	0	16.41	—	$12,783
May 1995	1,174	2,844	17.56	—	$20,615
Apr 1995	1,056	3,645	17.73	—	$18,723
Mar 1995	881	2,865	16.44	—	$14,484
Feb 1995	706	2,295	16.58	—	$11,705
Jan 1995	1,049	2,461	15.92	—	$16,700
Dec 1994	873	2,599	15.03	—	$13,121
Nov 1994	879	2,619	15.90	—	$13,976
Oct 1994	1,064	2,865	15.58	—	$16,577
Sep 1994	863	2,890	15.29	—	$13,195
Aug 1994	1,047	3,031	16.13	—	$16,888
Jul 1994	1,062	3,007	17.56	—	$18,649
Jun 1994	857	2,893	17.09	—	$14,646
May 1994	1,040	3,112	15.88	—	$16,515
Apr 1994	1,037	3,059	14.14	—	$14,663
Mar 1994	1,039	3,216	12.46	—	$12,946
Feb 1994	989	2,852	12.50	—	$12,363
Jan 1994	1,400	3,267	12.66	—	$17,724
Dec 1993	871	3,396	12.33	—	$10,739
Nov 1993	1,013	2,904	14.49	—	$14,678
Oct 1993	1,222	3,415	15.85	—	$19,369
Sep 1993	833	3,298	15.03	—	$12,520
Aug 1993	1,369	3,633	15.66	—	$21,439
Jul 1993	1,030	3,694	15.46	—	$15,924
Jun 1993	864	3,497	16.79	—	$14,507
May 1993	1,205	4,783	17.68	—	$21,304
Apr 1993	1,201	3,828	18.05	—	$21,678
Mar 1993	1,223	3,927	18.14	—	$22,185
Feb 1993	1,378	3,552	17.90	—	$24,666
Jan 1993	1,227	4,021	16.93	—	$20,773

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                  752 bbl  × $ 62.00 =    $46,624
Casinghead gas     2,179 Mcf  × $  7.55 =    $16,448

────────────────────────────────────────────────────
Month total                                  $63,072

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/31398 is the state's own key, not one this site invented.