MCQUATTERS

Operated by TWO OAKS OPERATING COMPANY, LLC. (P-5 875087) in the MEANS field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 32940District 08Field 60137001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$282 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
no gaps in the span
Streams
2
oil, casinghead gas

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 70 leases and 1,755 wells, and the rule below applies to all of them.

Discovered
1934-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
600 ft
minimum
From a lease line
510 ft
minimum

A drilling unit in this field needs at least 20 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: SURVEYS

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.

StreamBasisVolumeValue
OilDisposition15,241 bbl$281,916
Casinghead gasProduction116 Mcf$211
Total$282,127

48 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 32.4603, -102.6084. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

32.46030, -102.60840 · centre of the wells drawn, derived

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
4,864 ft
2 wells filed one
Completion to plug
28.3 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 4,785 and 4,942 ft, median 4,864 ft, over the 2 wells that filed a depth.

Completions filed
Jul 1984 – Nov 1986
2 of 2 wells
Plug dates filed
Apr 2006 – Oct 2021
2 of 2 wells

Last completion to plug: a median of 28.3 years across the 2 wells that filed both dates, with the middle half between 23.9 years and 32.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-0033560224,785 ftNov 1986Apr 2006Yes
42-0033418414,942 ftJul 1984Oct 2021Yes

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 (183)

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

183 months

Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 2002460125.963.16$11,945
Jul 20020124.583.06$3
Jun 20020123.733.34$3
May 20020124.663.58$4
Apr 20020123.653.51$4
Mar 2002173122.003.10$3,809
Feb 20020118.222.38$2
Jan 2002177117.172.38$3,041
Dec 20010116.932.36$2
Nov 20010118.072.41$2
Oct 20010119.782.53$3
Sep 2001178124.262.25$4,321
Aug 20010124.873.05$3
Jul 20010123.933.20$3
Jun 2001179124.563.82$4,400
May 20010125.524.31$4
Apr 2001154124.685.34$3,806
Mar 20010124.545.38$5
Feb 2001159127.755.77$4,418
Jan 20010127.478.40$8
Dec 2000148126.889.12$3,987
Nov 20000132.215.66$6
Oct 2000165131.235.15$5,158
Sep 20000131.875.19$5
Aug 2000154129.644.54$4,569
Jul 20000128.534.09$4
Jun 2000168129.304.40$4,927
May 2000186127.263.68$5,074
Apr 20000124.513.12$3
Mar 2000173128.422.86$4,920
Feb 2000360127.622.73$9,946
Jan 20000125.272.48$2
Dec 19990124.282.42$2
Nov 19990123.192.43$2
Oct 1999167120.982.80$3,506
Sep 19990121.752.62$3
Aug 199999119.262.88$1,910
Jul 1999191117.892.37$3,419
Jun 19990115.942.36$2
May 1999190115.792.32$3,002
Apr 1999114115.102.21$1,724
Mar 1999183112.471.84$2,284
Feb 1999019.981.82$2
Jan 1999185110.381.90$1,922
Dec 199819319.201.77$1,777
Nov 19980110.892.19$2
Oct 19980112.421.97$2
Sep 1998278112.592.08$3,502
Aug 1998192111.301.91$2,172
Jul 19980111.742.24$2
Jun 19980111.242.24$2
May 19980112.622.21$2
Apr 1998188113.042.51$2,454
Mar 19980112.802.31$2
Feb 19980113.952.30$2
Jan 19980114.702.15$2
Dec 19970116.322.41$2
Nov 19970118.193.09$3
Oct 19970119.253.15$3
Sep 19970117.742.95$3
Aug 1997185117.862.55$3,307
Jul 19970117.582.25$2
Jun 19970117.242.26$2
May 19970118.972.31$2
Apr 1997348117.882.08$6,224
Mar 19970118.951.94$2
Feb 1997374120.492.21$7,665
Jan 19970123.483.54$4
Dec 1996194123.32$4,524
Nov 19960121.97$0
Oct 1996190123.31$4,429
Sep 1996182122.22$4,044
Aug 19960120.26$0
Jul 1996342119.55$6,686
Jun 1996378118.73$7,080
May 1996392119.43$7,617
Apr 1996363121.51$7,808
Mar 1996193119.38$3,740
Feb 19960116.98$0
Jan 1996297117.07$5,070
Dec 1995197117.19$3,386
Nov 1995190116.00$3,040
Oct 1995390115.43$6,018
Sep 1995191116.18$3,090
Aug 1995141115.92$2,245
Jul 1995357115.24$5,441
Jun 1995188116.41$3,085
May 1995352117.56$6,181
Apr 1995359117.73$6,365
Mar 1995193116.44$3,173
Feb 1995341116.58$5,654
Jan 1995311115.92$4,951
Dec 1994361115.03$5,426
Nov 1994357115.90$5,676
Oct 1994375115.58$5,843
Sep 1994374115.29$5,718
Aug 1994326116.13$5,258
Jul 19940117.56$0
Jun 1994331117.09$5,657
May 1994184115.88$2,922
Apr 1994162114.14$2,291
Mar 1994171112.46$2,131
Feb 19940112.50$0
Jan 19940112.66$0
Dec 19930112.33$0
Nov 1993135114.49$1,956
Oct 1993196115.85$3,107
Sep 1993175115.03$2,630
Aug 19930115.66$0
Jul 1993144115.46$2,226
Jun 1993314116.79$5,272
May 1993174117.68$3,076
Apr 19930118.05$0
Mar 19930118.14$0
Feb 19930117.90$0
Jan 19930116.93$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.

Aug 2002 — as filed, then multipliedworked
Oil                  460 bbl  × $ 25.96 =    $11,942
Casinghead gas         1 Mcf  × $  3.16 =         $3

────────────────────────────────────────────────────
Month total                                  $11,945

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/32940 is the state's own key, not one this site invented.