LOVING "AM" FEE

Name: LOVING "AM" 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 31496District 08Field 24853400NGPA filingOilCasinghead gasSave Export

Value, all time

$1.3 M

Jan 1993 – Nov 2007

Value, last 12 filed months

$97 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	1	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	35,671 bbl	$937,090
Casinghead gas	Production	87,138 Mcf	$350,314
Total			$1,287,404

18,945 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 (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 31.7943, -103.5381. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.79431, -103.53808 · 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

0.0%

0 of 1 wells

Median depth

6,435 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

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

The one well that filed a depth was drilled to 6,435 ft.

Completions filed

May 1988

1 of 1 wells

1 well


42-30130768	1	6,435 ft	May 1988	—	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	237	602	62.00	7.55	$19,238
May 2007	125	622	58.74	7.85	$12,223
Apr 2007	108	610	59.61	7.81	$11,199
Mar 2007	130	719	56.92	7.30	$12,650
Feb 2007	238	569	55.10	8.22	$17,789
Jan 2007	104	644	50.30	6.73	$9,563
Dec 2006	143	936	56.65	6.92	$14,577
Nov 2006	153	606	54.20	7.62	$12,909
Oct 2006	198	622	54.90	6.01	$14,611
Sep 2006	161	605	60.08	5.04	$12,720
Aug 2006	264	906	68.71	7.34	$24,789
Jul 2006	72	453	69.37	6.34	$7,868
Jun 2006	25	544	66.28	6.38	$5,130
May 2006	206	624	66.01	6.42	$17,607
Apr 2006	132	606	64.39	7.36	$12,960
Mar 2006	186	630	56.70	7.08	$15,008
Feb 2006	181	566	57.59	7.75	$14,811
Jan 2006	182	793	60.59	8.93	$18,112
Dec 2005	214	634	54.94	13.42	$20,263
Nov 2005	133	612	54.69	10.59	$13,754
Oct 2005	204	626	58.34	13.80	$20,538
Sep 2005	349	572	61.45	12.08	$28,355
Aug 2005	61	617	61.51	9.80	$9,797
Jul 2005	170	627	55.69	7.84	$14,385
Jun 2005	231	509	52.33	7.38	$15,845
May 2005	179	612	45.22	6.65	$12,165
Apr 2005	122	635	49.20	7.36	$10,676
Mar 2005	185	562	50.37	7.15	$13,339
Feb 2005	80	435	45.22	6.31	$6,363
Jan 2005	172	633	43.16	6.32	$11,425
Dec 2004	237	615	39.86	6.75	$13,599
Nov 2004	131	607	45.28	6.33	$9,774
Oct 2004	257	635	49.70	6.52	$16,910
Sep 2004	121	607	43.24	5.28	$8,439
Aug 2004	169	610	42.37	5.55	$10,546
Jul 2004	177	625	38.28	6.08	$10,578
Jun 2004	229	662	36.10	6.43	$12,526
May 2004	120	633	37.48	6.49	$8,609
Apr 2004	177	633	34.47	5.86	$9,810
Mar 2004	232	649	34.36	5.53	$11,561
Feb 2004	182	606	32.45	5.51	$9,245
Jan 2004	207	1,000	32.03	6.30	$12,930
Dec 2003	136	413	30.26	6.30	$6,718
Nov 2003	302	619	28.80	4.60	$11,542
Oct 2003	198	629	28.17	4.76	$8,571
Sep 2003	190	605	26.31	4.75	$7,872
Aug 2003	186	622	29.76	5.13	$8,726
Jul 2003	178	953	29.41	5.17	$10,163
Jun 2003	186	337	28.56	5.98	$7,328
May 2003	191	575	26.59	5.97	$8,513
Apr 2003	188	605	26.67	5.41	$8,285
Mar 2003	190	624	31.14	6.10	$9,721
Feb 2003	139	567	33.48	7.93	$9,148
Jan 2003	276	625	30.31	5.58	$11,854
Dec 2002	201	624	26.91	4.85	$8,438
Nov 2002	195	606	24.66	4.14	$7,316
Oct 2002	202	632	26.46	4.23	$8,018
Sep 2002	194	616	27.44	3.64	$7,563
Aug 2002	162	579	25.96	3.16	$6,038
Jul 2002	136	481	24.58	3.06	$4,816
Jun 2002	204	590	23.73	3.34	$6,810
May 2002	202	582	24.66	3.58	$7,067
Apr 2002	212	580	23.65	3.51	$7,051
Mar 2002	210	580	22.00	3.10	$6,420
Feb 2002	171	437	18.22	2.38	$4,154
Jan 2002	217	579	17.17	2.38	$5,101
Dec 2001	214	585	16.93	2.36	$5,006
Nov 2001	217	565	18.07	2.41	$5,280
Oct 2001	207	581	19.78	2.53	$5,564
Sep 2001	202	563	24.26	2.25	$6,168
Aug 2001	280	577	24.87	3.05	$8,725
Jul 2001	205	585	23.93	3.20	$6,776
Jun 2001	273	592	24.56	3.82	$8,969
May 2001	120	488	25.52	4.31	$5,164
Apr 2001	183	564	24.68	5.34	$7,526
Mar 2001	241	581	24.54	5.38	$9,038
Feb 2001	181	525	27.75	5.77	$8,050
Jan 2001	174	581	27.47	8.40	$9,659
Dec 2000	267	569	26.88	9.12	$12,368
Nov 2000	287	575	32.21	5.66	$12,498
Oct 2000	154	580	31.23	5.15	$7,794
Sep 2000	229	522	31.87	5.19	$10,006
Aug 2000	184	526	29.64	4.54	$7,842
Jul 2000	211	562	28.53	4.09	$8,318
Jun 2000	254	532	29.30	4.40	$9,782
May 2000	134	495	27.26	3.68	$5,474
Apr 2000	162	499	24.51	3.12	$5,526
Mar 2000	213	464	28.42	2.86	$7,380
Feb 2000	176	536	27.62	2.73	$6,323
Jan 2000	265	558	25.27	2.48	$8,081
Dec 1999	142	571	24.28	2.42	$4,832
Nov 1999	223	544	23.19	2.43	$6,495
Oct 1999	197	216	20.98	2.80	$4,739
Sep 1999	204	546	21.75	2.62	$5,867
Aug 1999	190	563	19.26	2.88	$5,278
Jul 1999	199	522	17.89	2.37	$4,798
Jun 1999	198	482	15.94	2.36	$4,295
May 1999	251	463	15.79	2.32	$5,038
Apr 1999	219	420	15.10	2.21	$4,234
Mar 1999	236	430	12.47	1.84	$3,733
Feb 1999	125	376	9.98	1.82	$1,931
Jan 1999	291	401	10.38	1.90	$3,782
Dec 1998	149	370	9.20	1.77	$2,027
Nov 1998	225	382	10.89	2.19	$3,285
Oct 1998	210	366	12.42	1.97	$3,329
Sep 1998	208	381	12.59	2.08	$3,412
Aug 1998	257	324	11.30	1.91	$3,522
Jul 1998	150	381	11.74	2.24	$2,613
Jun 1998	228	375	11.24	2.24	$3,402
May 1998	220	427	12.62	2.21	$3,719
Apr 1998	156	323	13.04	2.51	$2,843
Mar 1998	235	317	12.80	2.31	$3,740
Feb 1998	240	282	13.95	2.30	$3,996
Jan 1998	150	274	14.70	2.15	$2,795
Dec 1997	289	344	16.32	2.41	$5,546
Nov 1997	264	367	18.19	3.09	$5,936
Oct 1997	182	291	19.25	3.15	$4,420
Sep 1997	346	268	17.74	2.95	$6,930
Aug 1997	180	491	17.86	2.55	$4,469
Jul 1997	276	364	17.58	2.25	$5,670
Jun 1997	263	404	17.24	2.26	$5,446
May 1997	255	433	18.97	2.31	$5,837
Apr 1997	372	396	17.88	2.08	$7,476
Mar 1997	137	280	18.95	1.94	$3,139
Feb 1997	328	450	20.49	2.21	$7,713
Jan 1997	247	491	23.48	3.54	$7,538
Dec 1996	314	549	23.32	—	$7,322
Nov 1996	394	716	21.97	—	$8,656
Oct 1996	203	437	23.31	—	$4,732
Sep 1996	214	258	22.22	—	$4,755
Aug 1996	251	286	20.26	—	$5,085
Jul 1996	193	325	19.55	—	$3,773
Jun 1996	190	342	18.73	—	$3,559
May 1996	189	288	19.43	—	$3,672
Apr 1996	173	215	21.51	—	$3,721
Mar 1996	186	254	19.38	—	$3,605
Feb 1996	229	227	16.98	—	$3,888
Jan 1996	163	275	17.07	—	$2,782
Dec 1995	163	277	17.19	—	$2,802
Nov 1995	209	247	16.00	—	$3,344
Oct 1995	172	275	15.43	—	$2,654
Sep 1995	239	267	16.18	—	$3,867
Aug 1995	118	282	15.92	—	$1,879
Jul 1995	344	280	15.24	—	$5,243
Jun 1995	366	271	16.41	—	$6,006
May 1995	273	286	17.56	—	$4,794
Apr 1995	164	299	17.73	—	$2,908
Mar 1995	287	336	16.44	—	$4,718
Feb 1995	279	298	16.58	—	$4,626
Jan 1995	456	320	15.92	—	$7,260
Dec 1994	405	365	15.03	—	$6,087
Nov 1994	296	386	15.90	—	$4,706
Oct 1994	398	498	15.58	—	$6,201
Sep 1994	418	479	15.29	—	$6,391
Aug 1994	510	662	16.13	—	$8,226
Jul 1994	249	572	17.56	—	$4,372
Jun 1994	104	610	17.09	—	$1,777
May 1994	155	310	15.88	—	$2,461
Apr 1994	147	300	14.14	—	$2,079
Mar 1994	124	310	12.46	—	$1,545
Feb 1994	142	297	12.50	—	$1,775
Jan 1994	142	512	12.66	—	$1,798
Dec 1993	144	291	12.33	—	$1,776
Nov 1993	176	441	14.49	—	$2,550
Oct 1993	77	270	15.85	—	$1,220
Sep 1993	78	507	15.03	—	$1,172
Aug 1993	250	404	15.66	—	$3,915
Jul 1993	136	410	15.46	—	$2,103
Jun 1993	195	278	16.79	—	$3,274
May 1993	121	562	17.68	—	$2,139
Apr 1993	197	661	18.05	—	$3,556
Mar 1993	137	672	18.14	—	$2,485
Feb 1993	213	610	17.90	—	$3,813
Jan 1993	163	928	16.93	—	$2,760

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                  237 bbl  × $ 62.00 =    $14,694
Casinghead gas       602 Mcf  × $  7.55 =     $4,544

────────────────────────────────────────────────────
Month total                                  $19,238

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/31496 is the state's own key, not one this site invented.