GUITAR 7

Name: GUITAR 7 lease production and value, Jun 1995 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by COBRA OIL & GAS CORPORATION (P-5 163000) in the BIG SPRING, W. (PENN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 34521District 08Field 08047300OilCasinghead gasSave Export

Value, all time

$1.8 M

Jun 1995 – Sep 2009

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

172

no gaps in the span

Streams

oil, casinghead gas

The BIG SPRING, W. (PENN) 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 5 leases and 6 wells, and the rule below applies to all of them.

Discovered

1994-11-06

as the register files it

Field class

Oil

the register's own label

Between wells

660 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2007-09-11.

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	55,916 bbl	$1,483,123
Casinghead gas	Production	87,653 Mcf	$278,000
Total			$1,761,123

21,137 Mcf of this lease's gas, across 17 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 32.2597, -101.5774. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.25975, -101.57737 · 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

10,357 ft

1 wells filed one

Completion to plug

9.1 years

median over 1 well

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 10,357 ft.

Completions filed

Oct 2010

1 of 1 wells

Plug dates filed

Nov 2019

1 of 1 wells

Last completion to plug: a median of 9.1 years across the 1 well that filed both dates, with the middle half between 9.1 years and 9.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-22734913	1	10,357 ft	Oct 2010	Nov 2019	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 (172)

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

172 months


Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	97	0	61.13	3.46	$5,930
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	185	0	131.08	11.39	$24,250
Jun 2008	0	46	131.33	13.03	$600
May 2008	172	162	123.17	11.57	$23,060
Apr 2008	0	181	110.31	10.45	$1,892
Mar 2008	356	158	101.90	9.66	$37,803
Feb 2008	178	146	92.53	8.77	$17,751
Jan 2008	170	155	90.38	8.21	$16,636
Dec 2007	0	160	88.33	7.30	$1,168
Nov 2007	180	157	91.67	7.29	$17,645
Oct 2007	173	160	82.85	6.92	$15,441
Sep 2007	158	150	75.84	6.24	$12,919
Aug 2007	173	177	69.06	6.39	$13,078
Jul 2007	179	200	70.90	6.39	$13,969
Jun 2007	1	94	62.00	7.55	$772
May 2007	0	0	58.74	7.85	$0
Apr 2007	338	0	59.61	7.81	$20,148
Mar 2007	0	134	56.92	7.30	$978
Feb 2007	181	258	55.10	8.22	$12,093
Jan 2007	360	263	50.30	6.73	$19,877
Dec 2006	0	154	56.65	6.92	$1,065
Nov 2006	178	292	54.20	7.62	$11,872
Oct 2006	365	424	54.90	6.01	$22,588
Sep 2006	0	176	60.08	5.04	$887
Aug 2006	188	282	68.71	7.34	$14,987
Jul 2006	180	402	69.37	6.34	$15,036
Jun 2006	183	93	66.28	6.38	$12,723
May 2006	182	310	66.01	6.42	$14,006
Apr 2006	181	279	64.39	7.36	$13,708
Mar 2006	353	221	56.70	7.08	$21,580
Feb 2006	0	267	57.59	7.75	$2,070
Jan 2006	187	315	60.59	8.93	$14,144
Dec 2005	550	522	54.94	13.42	$37,220
Nov 2005	183	67	54.69	10.59	$10,718
Oct 2005	177	496	58.34	13.80	$17,169
Sep 2005	0	657	61.45	12.08	$7,936
Aug 2005	361	793	61.51	9.80	$29,974
Jul 2005	356	912	55.69	7.84	$26,979
Jun 2005	1	169	52.33	7.38	$1,300
May 2005	2	43	45.22	6.65	$376
Apr 2005	4	87	49.20	7.36	$837
Mar 2005	182	51	50.37	7.15	$9,532
Feb 2005	183	86	45.22	6.31	$8,818
Jan 2005	0	183	43.16	6.32	$1,157
Dec 2004	185	58	39.86	6.75	$7,766
Nov 2004	180	265	45.28	6.33	$9,828
Oct 2004	180	282	49.70	6.52	$10,783
Sep 2004	179	258	43.24	5.28	$9,103
Aug 2004	180	479	42.37	5.55	$10,285
Jul 2004	358	418	38.28	6.08	$16,247
Jun 2004	0	370	36.10	6.43	$2,380
May 2004	352	359	37.48	6.49	$15,525
Apr 2004	359	376	34.47	5.86	$14,578
Mar 2004	179	393	34.36	5.53	$8,324
Feb 2004	182	240	32.45	5.51	$7,228
Jan 2004	368	285	32.03	6.30	$13,582
Dec 2003	184	246	30.26	6.30	$7,118
Nov 2003	182	352	28.80	4.60	$6,859
Oct 2003	363	397	28.17	4.76	$12,115
Sep 2003	181	306	26.31	4.75	$6,215
Aug 2003	357	561	29.76	5.13	$13,502
Jul 2003	363	679	29.41	5.17	$14,187
Jun 2003	0	255	28.56	5.98	$1,526
May 2003	180	178	26.59	5.97	$5,849
Apr 2003	0	98	26.67	5.41	$530
Mar 2003	182	55	31.14	6.10	$6,003
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	30	30.31	5.58	$167
Dec 2002	188	127	26.91	4.85	$5,676
Nov 2002	363	545	24.66	4.14	$11,206
Oct 2002	180	623	26.46	4.23	$7,398
Sep 2002	183	626	27.44	3.64	$7,297
Aug 2002	536	723	25.96	3.16	$16,202
Jul 2002	362	696	24.58	3.06	$11,029
Jun 2002	0	688	23.73	3.34	$2,297
May 2002	364	802	24.66	3.58	$11,851
Apr 2002	180	261	23.65	3.51	$5,174
Mar 2002	360	566	22.00	3.10	$9,676
Feb 2002	183	564	18.22	2.38	$4,674
Jan 2002	371	633	17.17	2.38	$7,874
Dec 2001	182	593	16.93	2.36	$4,483
Nov 2001	361	654	18.07	2.41	$8,096
Oct 2001	365	677	19.78	2.53	$8,932
Sep 2001	180	656	24.26	2.25	$5,844
Aug 2001	354	687	24.87	3.05	$10,902
Jul 2001	364	743	23.93	3.20	$11,086
Jun 2001	369	728	24.56	3.82	$11,847
May 2001	364	698	25.52	4.31	$12,296
Apr 2001	370	468	24.68	5.34	$11,629
Mar 2001	388	744	24.54	5.38	$13,522
Feb 2001	192	745	27.75	5.77	$9,624
Jan 2001	583	749	27.47	8.40	$22,306
Dec 2000	388	582	26.88	9.12	$15,739
Nov 2000	388	685	32.21	5.66	$16,373
Oct 2000	353	786	31.23	5.15	$15,069
Sep 2000	355	726	31.87	5.19	$15,079
Aug 2000	173	739	29.64	4.54	$8,483
Jul 2000	347	754	28.53	4.09	$12,984
Jun 2000	533	507	29.30	4.40	$17,846
May 2000	0	0	27.26	3.68	$0
Apr 2000	354	695	24.51	3.12	$10,842
Mar 2000	364	700	28.42	2.86	$12,347
Feb 2000	179	687	27.62	2.73	$6,817
Jan 2000	531	724	25.27	2.48	$15,214
Dec 1999	359	667	24.28	2.42	$10,333
Nov 1999	367	743	23.19	2.43	$10,319
Oct 1999	360	739	20.98	2.80	$9,625
Sep 1999	177	611	21.75	2.62	$5,450
Aug 1999	355	713	19.26	2.88	$8,888
Jul 1999	180	574	17.89	2.37	$4,582
Jun 1999	366	760	15.94	2.36	$7,629
May 1999	357	838	15.79	2.32	$7,582
Apr 1999	545	788	15.10	2.21	$9,969
Mar 1999	355	780	12.47	1.84	$5,861
Feb 1999	522	709	9.98	1.82	$6,498
Jan 1999	360	0	10.38	1.90	$3,737
Dec 1998	709	733	9.20	1.77	$7,823
Nov 1998	343	804	10.89	2.19	$5,493
Oct 1998	362	794	12.42	1.97	$6,060
Sep 1998	538	861	12.59	2.08	$8,567
Aug 1998	536	893	11.30	1.91	$7,760
Jul 1998	528	873	11.74	2.24	$8,152
Jun 1998	551	753	11.24	2.24	$7,878
May 1998	541	848	12.62	2.21	$8,698
Apr 1998	532	773	13.04	2.51	$8,874
Mar 1998	533	766	12.80	2.31	$8,591
Feb 1998	363	709	13.95	2.30	$6,694
Jan 1998	533	764	14.70	2.15	$9,481
Dec 1997	708	752	16.32	2.41	$13,368
Nov 1997	721	732	18.19	3.09	$15,376
Oct 1997	344	818	19.25	3.15	$9,199
Sep 1997	713	836	17.74	2.95	$15,119
Aug 1997	728	914	17.86	2.55	$15,337
Jul 1997	550	963	17.58	2.25	$11,833
Jun 1997	477	682	17.24	2.26	$9,763
May 1997	545	916	18.97	2.31	$12,453
Apr 1997	540	750	17.88	2.08	$11,217
Mar 1997	556	720	18.95	1.94	$11,932
Feb 1997	543	722	20.49	2.21	$12,719
Jan 1997	723	815	23.48	3.54	$19,861
Dec 1996	533	839	23.32	—	$12,430
Nov 1996	733	857	21.97	—	$16,104
Oct 1996	718	921	23.31	—	$16,737
Sep 1996	540	937	22.22	—	$11,999
Aug 1996	905	1,009	20.26	—	$18,335
Jul 1996	539	981	19.55	—	$10,537
Jun 1996	894	1,074	18.73	—	$16,745
May 1996	533	1,264	19.43	—	$10,356
Apr 1996	904	1,291	21.51	—	$19,445
Mar 1996	1,071	1,426	19.38	—	$20,756
Feb 1996	1,097	1,496	16.98	—	$18,627
Jan 1996	905	1,897	17.07	—	$15,448
Dec 1995	2,499	3,161	17.19	—	$42,958
Nov 1995	890	550	16.00	—	$14,240
Oct 1995	343	0	15.43	—	$5,292
Sep 1995	180	161	16.18	—	$2,912
Aug 1995	0	0	15.92	—	$0
Jul 1995	817	881	15.24	—	$12,451
Jun 1995	1,397	2,392	16.41	—	$22,925

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.

Jul 2009 — as filed, then multipliedworked

Oil                   97 bbl  × $ 61.13 =     $5,930
Casinghead gas         0 Mcf  × $  3.46 =         $0

────────────────────────────────────────────────────
Month total                                   $5,930

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/34521 is the state's own key, not one this site invented.