SMITH UNIT

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

Operated by PPC OPERATING COMPANY LLC (P-5 631462) in the MUSTANG (FUSSELMAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 34614District 08Field 64075300Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$2.3 M

Aug 1995 – Jun 2018

Value, last 12 filed months

at the published price for each month

Months reported

275

no gaps in the span

Streams

oil, casinghead gas

The MUSTANG (FUSSELMAN) 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 4 leases and 5 wells, and the rule below applies to all of them.

Discovered

1988-01-03

as the register files it

Field class

Oil

the register's own label

Between wells

1,320 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1988-05-01.

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.

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	56,896 bbl	$1,836,868
Casinghead gas	Production	110,071 Mcf	$413,655
Total			$2,250,523

26,901 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 32.0368, -101.7283. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.03680, -101.72831 · 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

11,296 ft

1 wells filed one

Completion to plug

19.1 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 11,296 ft.

Completions filed

Jan 1996

1 of 1 wells

Plug dates filed

Feb 2015

1 of 1 wells

Last completion to plug: a median of 19.1 years across the 1 well that filed both dates, with the middle half between 19.1 years and 19.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-17332517	1	11,296 ft	Jan 1996	Feb 2015	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 (275)

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

275 months


Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	106	0	92.66	2.91	$9,822
Jul 2012	182	0	85.13	3.02	$15,494
Jun 2012	0	521	79.82	2.52	$1,312
May 2012	0	291	91.61	2.49	$724
Apr 2012	185	490	101.65	2.00	$19,784
Mar 2012	0	440	105.05	2.22	$978
Feb 2012	183	499	101.10	2.57	$19,784
Jan 2012	182	537	98.09	2.73	$19,321
Dec 2011	0	537	96.87	3.24	$1,740
Nov 2011	182	528	95.72	3.31	$19,169
Oct 2011	0	548	84.98	3.65	$1,999
Sep 2011	183	550	83.62	3.99	$17,495
Aug 2011	184	574	83.40	4.15	$17,727
Jul 2011	0	580	94.14	4.52	$2,620
Jun 2011	181	564	92.90	4.64	$19,432
May 2011	0	577	98.13	4.40	$2,542
Apr 2011	177	275	105.96	4.33	$19,947
Mar 2011	185	584	96.36	4.06	$20,196
Feb 2011	0	502	85.64	4.18	$2,098
Jan 2011	181	572	86.50	4.59	$18,281
Dec 2010	0	552	85.73	4.35	$2,400
Nov 2010	185	536	80.84	3.80	$16,990
Oct 2010	182	604	78.10	3.51	$16,334
Sep 2010	0	487	72.63	3.98	$1,938
Aug 2010	178	583	73.68	4.42	$15,692
Jul 2010	179	581	72.55	4.74	$15,738
Jun 2010	0	599	70.36	4.91	$2,941
May 2010	181	556	71.12	4.24	$15,228
Apr 2010	0	383	81.69	4.12	$1,579
Mar 2010	186	498	78.39	4.39	$16,766
Feb 2010	185	448	73.58	5.44	$16,050
Jan 2010	0	479	74.36	5.96	$2,857
Dec 2009	188	513	71.44	5.48	$16,244
Nov 2009	0	496	74.59	3.75	$1,861
Oct 2009	182	524	72.54	4.11	$15,356
Sep 2009	181	521	65.54	3.06	$13,459
Aug 2009	177	542	67.42	3.22	$13,678
Jul 2009	0	558	61.13	3.46	$1,933
Jun 2009	186	536	66.16	3.90	$14,393
May 2009	179	249	54.74	3.93	$10,776
Apr 2009	181	471	46.77	3.59	$10,155
Mar 2009	0	228	42.14	4.06	$925
Feb 2009	184	442	32.81	4.63	$8,085
Jan 2009	188	511	35.86	5.37	$9,486
Dec 2008	0	523	37.10	5.98	$3,126
Nov 2008	356	909	55.49	6.86	$25,991
Oct 2008	0	253	75.24	6.92	$1,751
Sep 2008	0	213	101.76	7.88	$1,678
Aug 2008	179	562	114.22	8.48	$25,213
Jul 2008	178	573	131.08	11.39	$29,858
Jun 2008	179	557	131.33	13.03	$30,767
May 2008	181	565	123.17	11.57	$28,833
Apr 2008	181	535	110.31	10.45	$25,559
Mar 2008	0	544	101.90	9.66	$5,257
Feb 2008	179	503	92.53	8.77	$20,974
Jan 2008	179	516	90.38	8.21	$20,412
Dec 2007	180	516	88.33	7.30	$19,667
Nov 2007	0	499	91.67	7.29	$3,639
Oct 2007	181	539	82.85	6.92	$18,727
Sep 2007	179	527	75.84	6.24	$16,866
Aug 2007	0	547	69.06	6.39	$3,494
Jul 2007	177	572	70.90	6.39	$16,203
Jun 2007	181	549	62.00	7.55	$15,366
May 2007	178	552	58.74	7.85	$14,787
Apr 2007	182	529	59.61	7.81	$14,978
Mar 2007	176	543	56.92	7.30	$13,983
Feb 2007	181	477	55.10	8.22	$13,892
Jan 2007	0	514	50.30	6.73	$3,458
Dec 2006	350	513	56.65	6.92	$23,377
Nov 2006	0	514	54.20	7.62	$3,915
Oct 2006	181	541	54.90	6.01	$13,190
Sep 2006	322	525	60.08	5.04	$21,990
Aug 2006	0	562	68.71	7.34	$4,125
Jul 2006	180	567	69.37	6.34	$16,083
Jun 2006	176	542	66.28	6.38	$15,125
May 2006	186	551	66.01	6.42	$15,818
Apr 2006	185	514	64.39	7.36	$15,695
Mar 2006	352	518	56.70	7.08	$23,627
Feb 2006	0	458	57.59	7.75	$3,550
Jan 2006	183	469	60.59	8.93	$15,278
Dec 2005	180	488	54.94	13.42	$16,436
Nov 2005	181	332	54.69	10.59	$13,414
Oct 2005	182	473	58.34	13.80	$17,143
Sep 2005	184	406	61.45	12.08	$16,211
Aug 2005	355	472	61.51	9.80	$26,460
Jul 2005	0	443	55.69	7.84	$3,475
Jun 2005	181	406	52.33	7.38	$12,468
May 2005	181	421	45.22	6.65	$10,985
Apr 2005	178	407	49.20	7.36	$11,753
Mar 2005	343	414	50.37	7.15	$20,239
Feb 2005	0	373	45.22	6.31	$2,354
Jan 2005	330	398	43.16	6.32	$16,759
Dec 2004	180	386	39.86	6.75	$9,781
Nov 2004	182	385	45.28	6.33	$10,678
Oct 2004	361	411	49.70	6.52	$20,619
Sep 2004	0	407	43.24	5.28	$2,151
Aug 2004	348	384	42.37	5.55	$16,876
Jul 2004	0	411	38.28	6.08	$2,501
Jun 2004	361	388	36.10	6.43	$15,528
May 2004	182	398	37.48	6.49	$9,406
Apr 2004	157	371	34.47	5.86	$7,585
Mar 2004	179	342	34.36	5.53	$8,042
Feb 2004	183	344	32.45	5.51	$7,834
Jan 2004	183	351	32.03	6.30	$8,073
Dec 2003	183	346	30.26	6.30	$7,718
Nov 2003	184	331	28.80	4.60	$6,820
Oct 2003	180	340	28.17	4.76	$6,689
Sep 2003	0	296	26.31	4.75	$1,406
Aug 2003	0	162	29.76	5.13	$831
Jul 2003	178	20	29.41	5.17	$5,338
Jun 2003	165	497	28.56	5.98	$7,686
May 2003	183	537	26.59	5.97	$8,073
Apr 2003	365	502	26.67	5.41	$12,449
Mar 2003	183	507	31.14	6.10	$8,789
Feb 2003	162	444	33.48	7.93	$8,943
Jan 2003	184	470	30.31	5.58	$8,201
Dec 2002	372	467	26.91	4.85	$12,277
Nov 2002	185	461	24.66	4.14	$6,469
Oct 2002	359	496	26.46	4.23	$11,597
Sep 2002	168	497	27.44	3.64	$6,417
Aug 2002	184	522	25.96	3.16	$6,428
Jul 2002	338	480	24.58	3.06	$9,778
Jun 2002	343	449	23.73	3.34	$9,638
May 2002	183	424	24.66	3.58	$6,032
Apr 2002	182	435	23.65	3.51	$5,832
Mar 2002	367	405	22.00	3.10	$9,331
Feb 2002	183	332	18.22	2.38	$4,123
Jan 2002	550	336	17.17	2.38	$10,242
Dec 2001	181	98	16.93	2.36	$3,296
Nov 2001	367	264	18.07	2.41	$7,267
Oct 2001	0	364	19.78	2.53	$921
Sep 2001	362	404	24.26	2.25	$9,692
Aug 2001	186	448	24.87	3.05	$5,994
Jul 2001	373	394	23.93	3.20	$10,186
Jun 2001	184	326	24.56	3.82	$5,766
May 2001	368	278	25.52	4.31	$10,589
Apr 2001	182	183	24.68	5.34	$5,468
Mar 2001	558	165	24.54	5.38	$14,580
Feb 2001	181	132	27.75	5.77	$5,784
Jan 2001	182	125	27.47	8.40	$6,049
Dec 2000	167	176	26.88	9.12	$6,095
Nov 2000	185	38	32.21	5.66	$6,174
Oct 2000	706	112	31.23	5.15	$22,625
Sep 2000	0	145	31.87	5.19	$752
Aug 2000	358	193	29.64	4.54	$11,487
Jul 2000	180	395	28.53	4.09	$6,751
Jun 2000	547	402	29.30	4.40	$17,795
May 2000	367	381	27.26	3.68	$11,406
Apr 2000	362	295	24.51	3.12	$9,792
Mar 2000	0	262	28.42	2.86	$749
Feb 2000	367	232	27.62	2.73	$10,769
Jan 2000	189	232	25.27	2.48	$5,352
Dec 1999	356	159	24.28	2.42	$9,029
Nov 1999	359	95	23.19	2.43	$8,556
Oct 1999	367	83	20.98	2.80	$7,932
Sep 1999	367	221	21.75	2.62	$8,561
Aug 1999	368	305	19.26	2.88	$7,965
Jul 1999	162	286	17.89	2.37	$3,577
Jun 1999	363	278	15.94	2.36	$6,443
May 1999	365	305	15.79	2.32	$6,471
Apr 1999	395	253	15.10	2.21	$6,523
Mar 1999	193	247	12.47	1.84	$2,861
Feb 1999	366	226	9.98	1.82	$4,064
Jan 1999	393	249	10.38	1.90	$4,552
Dec 1998	758	271	9.20	1.77	$7,454
Nov 1998	370	293	10.89	2.19	$4,670
Oct 1998	732	391	12.42	1.97	$9,861
Sep 1998	182	434	12.59	2.08	$3,195
Aug 1998	540	482	11.30	1.91	$7,021
Jul 1998	1	587	11.74	2.24	$1,325
Jun 1998	1	798	11.24	2.24	$1,797
May 1998	538	790	12.62	2.21	$8,533
Apr 1998	364	680	13.04	2.51	$6,450
Mar 1998	550	632	12.80	2.31	$8,500
Feb 1998	197	590	13.95	2.30	$4,105
Jan 1998	579	657	14.70	2.15	$9,927
Dec 1997	192	614	16.32	2.41	$4,614
Nov 1997	589	765	18.19	3.09	$13,076
Oct 1997	373	571	19.25	3.15	$8,979
Sep 1997	584	478	17.74	2.95	$11,773
Aug 1997	384	720	17.86	2.55	$8,698
Jul 1997	378	967	17.58	2.25	$8,818
Jun 1997	368	932	17.24	2.26	$8,448
May 1997	741	970	18.97	2.31	$16,296
Apr 1997	376	794	17.88	2.08	$8,377
Mar 1997	573	441	18.95	1.94	$11,714
Feb 1997	580	492	20.49	2.21	$12,970
Jan 1997	393	746	23.48	3.54	$11,868
Dec 1996	758	851	23.32	—	$17,677
Nov 1996	715	1,060	21.97	—	$15,709
Oct 1996	748	1,212	23.31	—	$17,436
Sep 1996	871	1,253	22.22	—	$19,354
Aug 1996	389	1,369	20.26	—	$7,881
Jul 1996	1,156	1,449	19.55	—	$22,600
Jun 1996	551	1,472	18.73	—	$10,320
May 1996	939	1,564	19.43	—	$18,245
Apr 1996	940	1,877	21.51	—	$20,219
Mar 1996	1,756	2,185	19.38	—	$34,031
Feb 1996	358	881	16.98	—	$6,079
Jan 1996	1,547	1,659	17.07	—	$26,407
Dec 1995	1,132	1,398	17.19	—	$19,459
Nov 1995	1,178	1,222	16.00	—	$18,848
Oct 1995	895	2,966	15.43	—	$13,810
Sep 1995	1,646	4,413	16.18	—	$26,632
Aug 1995	1	70	15.92	—	$16

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 2012 — as filed, then multipliedworked

Oil                  106 bbl  × $ 92.66 =     $9,822
Casinghead gas         0 Mcf  × $  2.91 =         $0

────────────────────────────────────────────────────
Month total                                   $9,822

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/34614 is the state's own key, not one this site invented.