LOVING -BA- FEE

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

Operated by PITTS ENERGY CO. (P-5 666430) 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 31468District 08Field 24853400NGPA filingOilCasinghead gasSave Export

Value, all time

$1.3 M

Jan 1993 – Nov 2007

Value, last 12 filed months

$96 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	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	35,051 bbl	$963,330
Casinghead gas	Production	100,938 Mcf	$377,426
Total			$1,340,756

20,268 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 31.8072, -103.5294. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

31.80722, -103.52943 · 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

0.0%

0 of 2 wells

Median depth

6,523 ft

2 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

00.0%

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

00.0%

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 6,520 and 6,525 ft, median 6,523 ft, over the 2 wells that filed a depth.

Completions filed

Oct 1987 – Jan 1988

2 of 2 wells

2 wells


42-30130788	2	6,525 ft	Jan 1988	—	Yes
42-30130769	1	6,520 ft	Oct 1987	—	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	339	572	62.00	7.55	$25,336
May 2007	25	715	58.74	7.85	$7,079
Apr 2007	38	702	59.61	7.81	$7,744
Mar 2007	26	1,367	56.92	7.30	$11,462
Feb 2007	75	854	55.10	8.22	$11,149
Jan 2007	187	902	50.30	6.73	$15,474
Dec 2006	172	1,216	56.65	6.92	$18,157
Nov 2006	153	818	54.20	7.62	$14,524
Oct 2006	231	996	54.90	6.01	$18,672
Sep 2006	188	1,029	60.08	5.04	$16,478
Aug 2006	205	907	68.71	7.34	$20,743
Jul 2006	201	552	69.37	6.34	$17,445
Jun 2006	260	514	66.28	6.38	$20,514
May 2006	276	530	66.01	6.42	$21,624
Apr 2006	189	485	64.39	7.36	$15,740
Mar 2006	267	472	56.70	7.08	$18,482
Feb 2006	322	453	57.59	7.75	$22,055
Jan 2006	182	770	60.59	8.93	$17,906
Dec 2005	178	697	54.94	13.42	$19,130
Nov 2005	133	795	54.69	10.59	$15,692
Oct 2005	170	751	58.34	13.80	$20,278
Sep 2005	257	487	61.45	12.08	$21,675
Aug 2005	61	494	61.51	9.80	$8,592
Jul 2005	199	533	55.69	7.84	$15,263
Jun 2005	269	488	52.33	7.38	$17,679
May 2005	238	490	45.22	6.65	$14,021
Apr 2005	183	508	49.20	7.36	$12,743
Mar 2005	369	337	50.37	7.15	$20,998
Feb 2005	66	348	45.22	6.31	$5,181
Jan 2005	143	348	43.16	6.32	$8,372
Dec 2004	158	645	39.86	6.75	$10,652
Nov 2004	155	637	45.28	6.33	$11,051
Oct 2004	303	578	49.70	6.52	$18,825
Sep 2004	143	516	43.24	5.28	$8,910
Aug 2004	200	518	42.37	5.55	$11,349
Jul 2004	269	468	38.28	6.08	$13,145
Jun 2004	347	529	36.10	6.43	$15,930
May 2004	181	506	37.48	6.49	$10,070
Apr 2004	265	507	34.47	5.86	$12,105
Mar 2004	351	519	34.36	5.53	$14,931
Feb 2004	276	485	32.45	5.51	$11,628
Jan 2004	311	800	32.03	6.30	$15,001
Dec 2003	132	330	30.26	6.30	$6,074
Nov 2003	302	619	28.80	4.60	$11,542
Oct 2003	192	705	28.17	4.76	$8,764
Sep 2003	184	714	26.31	4.75	$8,232
Aug 2003	181	787	29.76	5.13	$9,424
Jul 2003	172	514	29.41	5.17	$7,716
Jun 2003	180	338	28.56	5.98	$7,163
May 2003	185	647	26.59	5.97	$8,783
Apr 2003	183	717	26.67	5.41	$8,758
Mar 2003	185	666	31.14	6.10	$9,821
Feb 2003	131	503	33.48	7.93	$8,373
Jan 2003	260	707	30.31	5.58	$11,827
Dec 2002	190	658	26.91	4.85	$8,307
Nov 2002	184	812	24.66	4.14	$7,897
Oct 2002	190	695	26.46	4.23	$7,967
Sep 2002	183	694	27.44	3.64	$7,544
Aug 2002	304	745	25.96	3.16	$10,249
Jul 2002	128	627	24.58	3.06	$5,066
Jun 2002	192	689	23.73	3.34	$6,856
May 2002	191	677	24.66	3.58	$7,136
Apr 2002	188	561	23.65	3.51	$6,417
Mar 2002	186	652	22.00	3.10	$6,115
Feb 2002	206	605	18.22	2.38	$5,191
Jan 2002	190	603	17.17	2.38	$4,695
Dec 2001	188	575	16.93	2.36	$4,542
Nov 2001	183	573	18.07	2.41	$4,685
Oct 2001	181	616	19.78	2.53	$5,138
Sep 2001	173	596	24.26	2.25	$5,539
Aug 2001	238	610	24.87	3.05	$7,781
Jul 2001	178	616	23.93	3.20	$6,229
Jun 2001	236	540	24.56	3.82	$7,861
May 2001	126	630	25.52	4.31	$5,929
Apr 2001	192	556	24.68	5.34	$7,705
Mar 2001	254	517	24.54	5.38	$9,013
Feb 2001	199	428	27.75	5.77	$7,991
Jan 2001	108	301	27.47	8.40	$5,495
Dec 2000	239	370	26.88	9.12	$9,800
Nov 2000	245	469	32.21	5.66	$10,545
Oct 2000	111	457	31.23	5.15	$5,818
Sep 2000	163	383	31.87	5.19	$7,181
Aug 2000	193	455	29.64	4.54	$7,787
Jul 2000	171	405	28.53	4.09	$6,535
Jun 2000	242	367	29.30	4.40	$8,704
May 2000	114	360	27.26	3.68	$4,432
Apr 2000	299	382	24.51	3.12	$8,519
Mar 2000	162	342	28.42	2.86	$5,582
Feb 2000	191	401	27.62	2.73	$6,369
Jan 2000	258	419	25.27	2.48	$7,559
Dec 1999	115	280	24.28	2.42	$3,471
Nov 1999	233	392	23.19	2.43	$6,357
Oct 1999	191	563	20.98	2.80	$5,586
Sep 1999	189	390	21.75	2.62	$5,132
Aug 1999	194	411	19.26	2.88	$4,918
Jul 1999	202	404	17.89	2.37	$4,572
Jun 1999	201	418	15.94	2.36	$4,191
May 1999	266	394	15.79	2.32	$5,115
Apr 1999	191	315	15.10	2.21	$3,580
Mar 1999	80	262	12.47	1.84	$1,479
Feb 1999	111	340	9.98	1.82	$1,726
Jan 1999	255	357	10.38	1.90	$3,325
Dec 1998	129	343	9.20	1.77	$1,795
Nov 1998	180	311	10.89	2.19	$2,640
Oct 1998	187	315	12.42	1.97	$2,943
Sep 1998	181	339	12.59	2.08	$2,985
Aug 1998	165	275	11.30	1.91	$2,389
Jul 1998	122	353	11.74	2.24	$2,222
Jun 1998	181	336	11.24	2.24	$2,786
May 1998	185	574	12.62	2.21	$3,601
Apr 1998	117	360	13.04	2.51	$2,428
Mar 1998	176	387	12.80	2.31	$3,147
Feb 1998	165	285	13.95	2.30	$2,957
Jan 1998	127	335	14.70	2.15	$2,589
Dec 1997	154	292	16.32	2.41	$3,217
Nov 1997	154	312	18.19	3.09	$3,765
Oct 1997	100	290	19.25	3.15	$2,838
Sep 1997	44	357	17.74	2.95	$1,835
Aug 1997	45	177	17.86	2.55	$1,256
Jul 1997	153	337	17.58	2.25	$3,447
Jun 1997	160	329	17.24	2.26	$3,501
May 1997	162	15,174	18.97	2.31	$38,102
Apr 1997	214	324	17.88	2.08	$4,501
Mar 1997	132	312	18.95	1.94	$3,106
Feb 1997	226	263	20.49	2.21	$5,211
Jan 1997	180	293	23.48	3.54	$5,264
Dec 1996	235	309	23.32	—	$5,480
Nov 1996	197	317	21.97	—	$4,328
Oct 1996	94	257	23.31	—	$2,191
Sep 1996	220	301	22.22	—	$4,888
Aug 1996	283	277	20.26	—	$5,734
Jul 1996	182	276	19.55	—	$3,558
Jun 1996	218	317	18.73	—	$4,083
May 1996	206	292	19.43	—	$4,003
Apr 1996	227	290	21.51	—	$4,883
Mar 1996	234	270	19.38	—	$4,535
Feb 1996	331	285	16.98	—	$5,620
Jan 1996	271	305	17.07	—	$4,626
Dec 1995	277	309	17.19	—	$4,762
Nov 1995	386	317	16.00	—	$6,176
Oct 1995	267	350	15.43	—	$4,120
Sep 1995	293	327	16.18	—	$4,741
Aug 1995	131	345	15.92	—	$2,086
Jul 1995	219	343	15.24	—	$3,338
Jun 1995	214	333	16.41	—	$3,512
May 1995	160	324	17.56	—	$2,810
Apr 1995	321	318	17.73	—	$5,691
Mar 1995	238	275	16.44	—	$3,913
Feb 1995	248	289	16.58	—	$4,112
Jan 1995	252	325	15.92	—	$4,012
Dec 1994	176	285	15.03	—	$2,645
Nov 1994	129	266	15.90	—	$2,051
Oct 1994	177	344	15.58	—	$2,758
Sep 1994	167	383	15.29	—	$2,553
Aug 1994	208	400	16.13	—	$3,355
Jul 1994	432	387	17.56	—	$7,586
Jun 1994	342	610	17.09	—	$5,845
May 1994	291	594	15.88	—	$4,621
Apr 1994	189	511	14.14	—	$2,672
Mar 1994	126	624	12.46	—	$1,570
Feb 1994	381	1,687	12.50	—	$4,763
Jan 1994	241	512	12.66	—	$3,051
Dec 1993	234	785	12.33	—	$2,885
Nov 1993	207	540	14.49	—	$2,999
Oct 1993	111	771	15.85	—	$1,759
Sep 1993	85	506	15.03	—	$1,278
Aug 1993	409	658	15.66	—	$6,405
Jul 1993	222	670	15.46	—	$3,432
Jun 1993	317	454	16.79	—	$5,322
May 1993	211	386	17.68	—	$3,730
Apr 1993	311	390	18.05	—	$5,614
Mar 1993	208	382	18.14	—	$3,773
Feb 1993	303	495	17.90	—	$5,424
Jan 1993	179	277	16.93	—	$3,030

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                  339 bbl  × $ 62.00 =    $21,018
Casinghead gas       572 Mcf  × $  7.55 =     $4,318

────────────────────────────────────────────────────
Month total                                  $25,336

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/31468 is the state's own key, not one this site invented.