NIKKI

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

Operated by AVRA OIL COMPANY (P-5 38723) in the PHOENIX (GRAYBURG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 32637District 08Field 71267500Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$354 k

Jan 1993 – Jun 2004

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

138

no gaps in the span

Streams

oil, casinghead gas

The PHOENIX (GRAYBURG) 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 47 leases and 142 wells, and the rule below applies to all of them.

Discovered

1972-03-11

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres.

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 40 ACRE UNITS. .”

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	18,326 bbl	$354,204
Casinghead gas	Production	5,536 Mcf	$0
Total			$354,204

5,536 Mcf of this lease's gas, across 34 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 32.3678, -101.9196. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.36783, -101.91956 · 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

100.0%

2 of 2 wells

Median depth

4,040 ft

2 wells filed one

Completion to plug

13.5 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

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

2100.0%

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 4,040 and 4,040 ft, median 4,040 ft, over the 2 wells that filed a depth.

Completions filed

Apr 1990 – Mar 1991

2 of 2 wells

Plug dates filed

Feb 2004 – May 2004

2 of 2 wells

Last completion to plug: a median of 13.5 years across the 2 wells that filed both dates, with the middle half between 13.3 years and 13.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-31733835	2	4,040 ft	Mar 1991	Feb 2004	Yes
42-31733699	1	4,040 ft	Apr 1990	May 2004	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 (138)

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

138 months


Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	24	0	34.47	5.86	$827
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	52	0	26.31	4.75	$1,368
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	65	0	29.41	5.17	$1,912
Jun 2003	61	0	28.56	5.98	$1,742
May 2003	66	0	26.59	5.97	$1,755
Apr 2003	42	0	26.67	5.41	$1,120
Mar 2003	75	0	31.14	6.10	$2,336
Feb 2003	98	0	33.48	7.93	$3,281
Jan 2003	94	0	30.31	5.58	$2,849
Dec 2002	158	0	26.91	4.85	$4,252
Nov 2002	182	0	24.66	4.14	$4,488
Oct 2002	182	0	26.46	4.23	$4,816
Sep 2002	152	0	27.44	3.64	$4,171
Aug 2002	140	0	25.96	3.16	$3,634
Jul 2002	159	0	24.58	3.06	$3,908
Jun 2002	182	0	23.73	3.34	$4,319
May 2002	226	0	24.66	3.58	$5,573
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	139	0	22.00	3.10	$3,058
Feb 2002	140	0	18.22	2.38	$2,551
Jan 2002	149	0	17.17	2.38	$2,558
Dec 2001	102	0	16.93	2.36	$1,727
Nov 2001	140	0	18.07	2.41	$2,530
Oct 2001	130	0	19.78	2.53	$2,571
Sep 2001	107	0	24.26	2.25	$2,596
Aug 2001	135	0	24.87	3.05	$3,357
Jul 2001	108	0	23.93	3.20	$2,584
Jun 2001	302	0	24.56	3.82	$7,417
May 2001	171	0	25.52	4.31	$4,364
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	179	0	24.54	5.38	$4,393
Feb 2001	165	0	27.75	5.77	$4,579
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	154	0	26.88	9.12	$4,140
Nov 2000	334	0	32.21	5.66	$10,758
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	172	0	31.87	5.19	$5,482
Aug 2000	166	0	29.64	4.54	$4,920
Jul 2000	150	0	28.53	4.09	$4,280
Jun 2000	165	0	29.30	4.40	$4,835
May 2000	158	0	27.26	3.68	$4,307
Apr 2000	327	0	24.51	3.12	$8,015
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	184	0	27.62	2.73	$5,082
Jan 2000	165	0	25.27	2.48	$4,170
Dec 1999	159	0	24.28	2.42	$3,861
Nov 1999	168	0	23.19	2.43	$3,896
Oct 1999	173	0	20.98	2.80	$3,630
Sep 1999	166	0	21.75	2.62	$3,611
Aug 1999	165	0	19.26	2.88	$3,178
Jul 1999	165	0	17.89	2.37	$2,952
Jun 1999	166	0	15.94	2.36	$2,646
May 1999	183	0	15.79	2.32	$2,890
Apr 1999	345	0	15.10	2.21	$5,210
Mar 1999	175	0	12.47	1.84	$2,182
Feb 1999	180	0	9.98	1.82	$1,796
Jan 1999	517	0	10.38	1.90	$5,366
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	284	0	10.89	2.19	$3,093
Oct 1998	340	0	12.42	1.97	$4,223
Sep 1998	169	0	12.59	2.08	$2,128
Aug 1998	341	0	11.30	1.91	$3,853
Jul 1998	138	0	11.74	2.24	$1,620
Jun 1998	294	0	11.24	2.24	$3,305
May 1998	179	0	12.62	2.21	$2,259
Apr 1998	177	0	13.04	2.51	$2,308
Mar 1998	162	0	12.80	2.31	$2,074
Feb 1998	300	0	13.95	2.30	$4,185
Jan 1998	160	0	14.70	2.15	$2,352
Dec 1997	173	0	16.32	2.41	$2,823
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	128	0	19.25	3.15	$2,464
Sep 1997	165	0	17.74	2.95	$2,927
Aug 1997	145	0	17.86	2.55	$2,590
Jul 1997	174	0	17.58	2.25	$3,059
Jun 1997	157	0	17.24	2.26	$2,707
May 1997	171	0	18.97	2.31	$3,244
Apr 1997	152	0	17.88	2.08	$2,718
Mar 1997	126	0	18.95	1.94	$2,388
Feb 1997	268	0	20.49	2.21	$5,491
Jan 1997	0	0	23.48	3.54	$0
Dec 1996	120	0	23.32	—	$2,798
Nov 1996	151	0	21.97	—	$3,317
Oct 1996	129	0	23.31	—	$3,007
Sep 1996	133	0	22.22	—	$2,955
Aug 1996	128	0	20.26	—	$2,593
Jul 1996	112	0	19.55	—	$2,190
Jun 1996	106	0	18.73	—	$1,985
May 1996	131	0	19.43	—	$2,545
Apr 1996	115	0	21.51	—	$2,474
Mar 1996	130	0	19.38	—	$2,519
Feb 1996	0	0	16.98	—	$0
Jan 1996	107	0	17.07	—	$1,826
Dec 1995	189	0	17.19	—	$3,249
Nov 1995	0	0	16.00	—	$0
Oct 1995	0	23	15.43	—	$0
Sep 1995	99	32	16.18	—	$1,602
Aug 1995	141	25	15.92	—	$2,245
Jul 1995	1	32	15.24	—	$15
Jun 1995	102	35	16.41	—	$1,674
May 1995	121	45	17.56	—	$2,125
Apr 1995	1	21	17.73	—	$18
Mar 1995	120	34	16.44	—	$1,973
Feb 1995	0	46	16.58	—	$0
Jan 1995	123	58	15.92	—	$1,958
Dec 1994	1	55	15.03	—	$15
Nov 1994	147	50	15.90	—	$2,337
Oct 1994	1	48	15.58	—	$16
Sep 1994	0	36	15.29	—	$0
Aug 1994	0	22	16.13	—	$0
Jul 1994	84	36	17.56	—	$1,475
Jun 1994	1	101	17.09	—	$17
May 1994	0	14	15.88	—	$0
Apr 1994	0	15	14.14	—	$0
Mar 1994	0	26	12.46	—	$0
Feb 1994	0	22	12.50	—	$0
Jan 1994	155	154	12.66	—	$1,962
Dec 1993	182	302	12.33	—	$2,244
Nov 1993	177	179	14.49	—	$2,565
Oct 1993	180	250	15.85	—	$2,853
Sep 1993	179	212	15.03	—	$2,690
Aug 1993	176	281	15.66	—	$2,756
Jul 1993	356	430	15.46	—	$5,504
Jun 1993	181	443	16.79	—	$3,039
May 1993	352	429	17.68	—	$6,223
Apr 1993	175	414	18.05	—	$3,159
Mar 1993	353	812	18.14	—	$6,403
Feb 1993	352	395	17.90	—	$6,301
Jan 1993	350	459	16.93	—	$5,926

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.

Apr 2004 — as filed, then multipliedworked

Oil                   24 bbl  × $ 34.47 =       $827
Casinghead gas         0 Mcf  × $  5.86 =         $0

────────────────────────────────────────────────────
Month total                                     $827

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/32637 is the state's own key, not one this site invented.