SMITH

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

Operated by BTA OIL PRODUCERS, LLC (P-5 41867) in the COWDEN, NORTH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 32178District 08Field 21289001Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$1.0 M

Jan 1993 – Feb 2010

Value, last 12 filed months

$50 k

at the published price for each month

Months reported

206

no gaps in the span

Streams

oil, casinghead gas

The COWDEN, NORTH 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 193 leases and 3,124 wells, and the rule below applies to all of them.

Discovered

1930-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

880 ft

minimum

From a lease line

440 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1974-03-03.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “OPTIONAL 20ACRE UNITS PER #8-64059 6-3-74”

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	36,339 bbl	$1,002,882
Casinghead gas	Production	5,391 Mcf	$23,620
Total			$1,026,502

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 (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 31.9846, -102.4598. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.98461, -102.45976 · 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

100.0%

1 of 1 wells

Median depth

5,247 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

1100.0%

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

1100.0%

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 5,247 ft.

Plug dates filed

Oct 2009

1 of 1 wells

1 well


42-13506743	1	5,247 ft	—	Oct 2009	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 (206)

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

206 months


Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	126	0	74.59	3.75	$9,398
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	180	0	65.54	3.06	$11,797
Aug 2009	0	30	67.42	3.22	$97
Jul 2009	177	30	61.13	3.46	$10,924
Jun 2009	0	30	66.16	3.90	$117
May 2009	182	30	54.74	3.93	$10,080
Apr 2009	0	30	46.77	3.59	$108
Mar 2009	180	30	42.14	4.06	$7,707
Feb 2009	0	30	32.81	4.63	$139
Jan 2009	184	30	35.86	5.37	$6,759
Dec 2008	0	30	37.10	5.98	$179
Nov 2008	0	30	55.49	6.86	$206
Oct 2008	155	30	75.24	6.92	$11,870
Sep 2008	0	30	101.76	7.88	$236
Aug 2008	172	30	114.22	8.48	$19,900
Jul 2008	0	30	131.08	11.39	$342
Jun 2008	176	30	131.33	13.03	$23,505
May 2008	0	30	123.17	11.57	$347
Apr 2008	169	30	110.31	10.45	$18,956
Mar 2008	0	30	101.90	9.66	$290
Feb 2008	173	30	92.53	8.77	$16,271
Jan 2008	175	30	90.38	8.21	$16,063
Dec 2007	0	30	88.33	7.30	$219
Nov 2007	174	30	91.67	7.29	$16,169
Oct 2007	167	30	82.85	6.92	$14,044
Sep 2007	0	30	75.84	6.24	$187
Aug 2007	165	30	69.06	6.39	$11,587
Jul 2007	0	30	70.90	6.39	$192
Jun 2007	174	30	62.00	7.55	$11,014
May 2007	0	30	58.74	7.85	$235
Apr 2007	175	30	59.61	7.81	$10,666
Mar 2007	169	30	56.92	7.30	$9,839
Feb 2007	0	30	55.10	8.22	$246
Jan 2007	170	30	50.30	6.73	$8,753
Dec 2006	0	30	56.65	6.92	$208
Nov 2006	175	30	54.20	7.62	$9,714
Oct 2006	0	30	54.90	6.01	$180
Sep 2006	170	30	60.08	5.04	$10,365
Aug 2006	171	30	68.71	7.34	$11,970
Jul 2006	0	30	69.37	6.34	$190
Jun 2006	170	30	66.28	6.38	$11,459
May 2006	169	30	66.01	6.42	$11,348
Apr 2006	0	30	64.39	7.36	$221
Mar 2006	173	30	56.70	7.08	$10,022
Feb 2006	177	30	57.59	7.75	$10,426
Jan 2006	0	30	60.59	8.93	$268
Dec 2005	177	30	54.94	13.42	$10,127
Nov 2005	178	30	54.69	10.59	$10,052
Oct 2005	0	30	58.34	13.80	$414
Sep 2005	174	30	61.45	12.08	$11,055
Aug 2005	179	30	61.51	9.80	$11,304
Jul 2005	0	30	55.69	7.84	$235
Jun 2005	177	30	52.33	7.38	$9,484
May 2005	171	30	45.22	6.65	$7,932
Apr 2005	0	30	49.20	7.36	$221
Mar 2005	181	30	50.37	7.15	$9,332
Feb 2005	178	30	45.22	6.31	$8,239
Jan 2005	173	30	43.16	6.32	$7,656
Dec 2004	0	30	39.86	6.75	$203
Nov 2004	179	30	45.28	6.33	$8,295
Oct 2004	179	30	49.70	6.52	$9,092
Sep 2004	0	30	43.24	5.28	$159
Aug 2004	180	30	42.37	5.55	$7,793
Jul 2004	178	30	38.28	6.08	$6,996
Jun 2004	184	30	36.10	6.43	$6,835
May 2004	179	30	37.48	6.49	$6,904
Apr 2004	0	30	34.47	5.86	$176
Mar 2004	177	30	34.36	5.53	$6,248
Feb 2004	186	30	32.45	5.51	$6,201
Jan 2004	0	30	32.03	6.30	$189
Dec 2003	188	30	30.26	6.30	$5,878
Nov 2003	178	30	28.80	4.60	$5,264
Oct 2003	0	30	28.17	4.76	$143
Sep 2003	165	30	26.31	4.75	$4,484
Aug 2003	184	30	29.76	5.13	$5,630
Jul 2003	189	30	29.41	5.17	$5,714
Jun 2003	0	30	28.56	5.98	$179
May 2003	182	30	26.59	5.97	$5,019
Apr 2003	188	30	26.67	5.41	$5,176
Mar 2003	186	30	31.14	6.10	$5,975
Feb 2003	188	30	33.48	7.93	$6,532
Jan 2003	0	30	30.31	5.58	$167
Dec 2002	187	30	26.91	4.85	$5,178
Nov 2002	182	30	24.66	4.14	$4,612
Oct 2002	0	30	26.46	4.23	$127
Sep 2002	185	30	27.44	3.64	$5,185
Aug 2002	181	30	25.96	3.16	$4,794
Jul 2002	176	30	24.58	3.06	$4,418
Jun 2002	189	30	23.73	3.34	$4,585
May 2002	177	30	24.66	3.58	$4,472
Apr 2002	0	30	23.65	3.51	$105
Mar 2002	196	30	22.00	3.10	$4,405
Feb 2002	182	30	18.22	2.38	$3,387
Jan 2002	172	30	17.17	2.38	$3,025
Dec 2001	184	30	16.93	2.36	$3,186
Nov 2001	0	30	18.07	2.41	$72
Oct 2001	191	30	19.78	2.53	$3,854
Sep 2001	179	30	24.26	2.25	$4,410
Aug 2001	185	30	24.87	3.05	$4,693
Jul 2001	189	30	23.93	3.20	$4,619
Jun 2001	184	30	24.56	3.82	$4,634
May 2001	188	30	25.52	4.31	$4,927
Apr 2001	186	30	24.68	5.34	$4,751
Mar 2001	197	30	24.54	5.38	$4,996
Feb 2001	0	30	27.75	5.77	$173
Jan 2001	377	30	27.47	8.40	$10,608
Dec 2000	0	30	26.88	9.12	$274
Nov 2000	186	30	32.21	5.66	$6,161
Oct 2000	194	30	31.23	5.15	$6,213
Sep 2000	179	30	31.87	5.19	$5,860
Aug 2000	184	30	29.64	4.54	$5,590
Jul 2000	188	30	28.53	4.09	$5,486
Jun 2000	192	30	29.30	4.40	$5,758
May 2000	190	30	27.26	3.68	$5,290
Apr 2000	183	30	24.51	3.12	$4,579
Mar 2000	182	30	28.42	2.86	$5,258
Feb 2000	189	30	27.62	2.73	$5,302
Jan 2000	194	30	25.27	2.48	$4,977
Dec 1999	197	30	24.28	2.42	$4,856
Nov 1999	179	30	23.19	2.43	$4,224
Oct 1999	197	30	20.98	2.80	$4,217
Sep 1999	173	30	21.75	2.62	$3,841
Aug 1999	176	30	19.26	2.88	$3,476
Jul 1999	193	30	17.89	2.37	$3,524
Jun 1999	181	30	15.94	2.36	$2,956
May 1999	287	30	15.79	2.32	$4,601
Apr 1999	190	30	15.10	2.21	$2,935
Mar 1999	186	30	12.47	1.84	$2,375
Feb 1999	261	30	9.98	1.82	$2,659
Jan 1999	183	30	10.38	1.90	$1,957
Dec 1998	186	30	9.20	1.77	$1,764
Nov 1998	186	30	10.89	2.19	$2,091
Oct 1998	384	30	12.42	1.97	$4,828
Sep 1998	0	30	12.59	2.08	$62
Aug 1998	371	30	11.30	1.91	$4,250
Jul 1998	181	30	11.74	2.24	$2,192
Jun 1998	192	30	11.24	2.24	$2,225
May 1998	182	30	12.62	2.21	$2,363
Apr 1998	182	30	13.04	2.51	$2,448
Mar 1998	380	30	12.80	2.31	$4,933
Feb 1998	175	30	13.95	2.30	$2,510
Jan 1998	174	30	14.70	2.15	$2,622
Dec 1997	185	30	16.32	2.41	$3,092
Nov 1997	186	30	18.19	3.09	$3,476
Oct 1997	185	30	19.25	3.15	$3,656
Sep 1997	184	30	17.74	2.95	$3,353
Aug 1997	190	30	17.86	2.55	$3,470
Jul 1997	373	30	17.58	2.25	$6,625
Jun 1997	380	30	17.24	2.26	$6,619
May 1997	0	30	18.97	2.31	$69
Apr 1997	456	30	17.88	2.08	$8,216
Mar 1997	0	30	18.95	1.94	$58
Feb 1997	475	30	20.49	2.21	$9,799
Jan 1997	0	30	23.48	3.54	$106
Dec 1996	0	30	23.32	—	$0
Nov 1996	453	30	21.97	—	$9,952
Oct 1996	0	30	23.31	—	$0
Sep 1996	461	30	22.22	—	$10,243
Aug 1996	0	30	20.26	—	$0
Jul 1996	458	30	19.55	—	$8,954
Jun 1996	0	30	18.73	—	$0
May 1996	0	30	19.43	—	$0
Apr 1996	457	30	21.51	—	$9,830
Mar 1996	463	30	19.38	—	$8,973
Feb 1996	450	30	16.98	—	$7,641
Jan 1996	0	30	17.07	—	$0
Dec 1995	0	30	17.19	—	$0
Nov 1995	463	30	16.00	—	$7,408
Oct 1995	0	30	15.43	—	$0
Sep 1995	458	30	16.18	—	$7,410
Aug 1995	0	30	15.92	—	$0
Jul 1995	0	30	15.24	—	$0
Jun 1995	451	30	16.41	—	$7,401
May 1995	457	30	17.56	—	$8,025
Apr 1995	422	30	17.73	—	$7,482
Mar 1995	0	30	16.44	—	$0
Feb 1995	454	30	16.58	—	$7,527
Jan 1995	0	30	15.92	—	$0
Dec 1994	453	30	15.03	—	$6,809
Nov 1994	430	30	15.90	—	$6,837
Oct 1994	0	30	15.58	—	$0
Sep 1994	448	1	15.29	—	$6,850
Aug 1994	465	1	16.13	—	$7,500
Jul 1994	447	1	17.56	—	$7,849
Jun 1994	444	1	17.09	—	$7,588
May 1994	431	1	15.88	—	$6,844
Apr 1994	0	1	14.14	—	$0
Mar 1994	369	1	12.46	—	$4,598
Feb 1994	478	1	12.50	—	$5,975
Jan 1994	471	1	12.66	—	$5,963
Dec 1993	450	1	12.33	—	$5,549
Nov 1993	477	1	14.49	—	$6,912
Oct 1993	470	1	15.85	—	$7,450
Sep 1993	0	1	15.03	—	$0
Aug 1993	480	1	15.66	—	$7,517
Jul 1993	481	1	15.46	—	$7,436
Jun 1993	0	1	16.79	—	$0
May 1993	0	1	17.68	—	$0
Apr 1993	948	1	18.05	—	$17,111
Mar 1993	0	1	18.14	—	$0
Feb 1993	466	1	17.90	—	$8,341
Jan 1993	0	1	16.93	—	$0

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.

Nov 2009 — as filed, then multipliedworked

Oil                  126 bbl  × $ 74.59 =     $9,398
Casinghead gas         0 Mcf  × $  3.75 =         $0

────────────────────────────────────────────────────
Month total                                   $9,398

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/32178 is the state's own key, not one this site invented.