PHILLIPS UNIT

Name: PHILLIPS UNIT lease production and value, Nov 1996 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 MIDDLETON (CANYON REEF) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 35110District 08Field 61046250OilCasinghead gasSave Export

Value, all time

$1.7 M

Nov 1996 – Jan 2007

Value, last 12 filed months

$69 k

at the published price for each month

Months reported

123

no gaps in the span

Streams

oil, casinghead gas

The MIDDLETON (CANYON REEF) 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 19 leases and 26 wells, and the rule below applies to all of them.

Discovered

1986-05-23

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 80 acres. The field rule took effect on 1988-05-01.

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	62,461 bbl	$1,419,057
Casinghead gas	Production	82,522 Mcf	$260,061
Total			$1,679,118

4,951 Mcf of this lease's gas, across 1 month, 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 32.4550, -101.6942. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.45498, -101.69423 · 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

0.0%

0 of 1 wells

Median depth

10,120 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

00.0%

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

00.0%

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 10,120 ft.

Completions filed

Aug 2006

1 of 1 wells

1 well


42-31734043	1	10,120 ft	Aug 2006	—	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 (123)

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

123 months


Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	341	0	68.71	7.34	$23,430
Jul 2006	187	64	69.37	6.34	$13,378
Jun 2006	39	79	66.28	6.38	$3,089
May 2006	207	130	66.01	6.42	$14,499
Apr 2006	0	182	64.39	7.36	$1,340
Mar 2006	189	173	56.70	7.08	$11,942
Feb 2006	0	115	57.59	7.75	$891
Jan 2006	0	168	60.59	8.93	$1,501
Dec 2005	190	184	54.94	13.42	$12,907
Nov 2005	184	157	54.69	10.59	$11,725
Oct 2005	187	189	58.34	13.80	$13,517
Sep 2005	0	132	61.45	12.08	$1,594
Aug 2005	0	182	61.51	9.80	$1,783
Jul 2005	538	129	55.69	7.84	$30,973
Jun 2005	0	100	52.33	7.38	$738
May 2005	181	464	45.22	6.65	$11,271
Apr 2005	182	596	49.20	7.36	$13,341
Mar 2005	182	545	50.37	7.15	$13,067
Feb 2005	548	302	45.22	6.31	$26,687
Jan 2005	0	14	43.16	6.32	$89
Dec 2004	367	202	39.86	6.75	$15,992
Nov 2004	0	167	45.28	6.33	$1,057
Oct 2004	418	132	49.70	6.52	$21,635
Sep 2004	0	388	43.24	5.28	$2,050
Aug 2004	180	222	42.37	5.55	$8,859
Jul 2004	177	379	38.28	6.08	$9,081
Jun 2004	177	282	36.10	6.43	$8,204
May 2004	158	165	37.48	6.49	$6,993
Apr 2004	183	203	34.47	5.86	$7,497
Mar 2004	357	413	34.36	5.53	$14,550
Feb 2004	0	423	32.45	5.51	$2,331
Jan 2004	184	79	32.03	6.30	$6,391
Dec 2003	182	179	30.26	6.30	$6,635
Nov 2003	181	316	28.80	4.60	$6,665
Oct 2003	362	506	28.17	4.76	$12,606
Sep 2003	182	1,447	26.31	4.75	$11,661
Aug 2003	179	192	29.76	5.13	$6,312
Jul 2003	537	486	29.41	5.17	$18,306
Jun 2003	0	510	28.56	5.98	$3,051
May 2003	182	279	26.59	5.97	$6,506
Apr 2003	727	504	26.67	5.41	$22,114
Mar 2003	366	335	31.14	6.10	$13,439
Feb 2003	0	519	33.48	7.93	$4,114
Jan 2003	366	713	30.31	5.58	$15,073
Dec 2002	373	749	26.91	4.85	$13,673
Nov 2002	0	346	24.66	4.14	$1,431
Oct 2002	726	363	26.46	4.23	$20,745
Sep 2002	0	374	27.44	3.64	$1,360
Aug 2002	363	386	25.96	3.16	$10,645
Jul 2002	1	376	24.58	3.06	$1,176
Jun 2002	368	329	23.73	3.34	$9,831
May 2002	0	326	24.66	3.58	$1,168
Apr 2002	368	290	23.65	3.51	$9,722
Mar 2002	0	77	22.00	3.10	$239
Feb 2002	0	60	18.22	2.38	$143
Jan 2002	0	5	17.17	2.38	$12
Dec 2001	0	7	16.93	2.36	$17
Nov 2001	0	68	18.07	2.41	$164
Oct 2001	362	191	19.78	2.53	$7,643
Sep 2001	0	268	24.26	2.25	$603
Aug 2001	363	197	24.87	3.05	$9,629
Jul 2001	359	360	23.93	3.20	$9,742
Jun 2001	2	324	24.56	3.82	$1,288
May 2001	2	290	25.52	4.31	$1,300
Apr 2001	362	190	24.68	5.34	$9,948
Mar 2001	5	304	24.54	5.38	$1,757
Feb 2001	0	138	27.75	5.77	$796
Jan 2001	398	277	27.47	8.40	$13,260
Dec 2000	193	344	26.88	9.12	$8,326
Nov 2000	399	261	32.21	5.66	$14,329
Oct 2000	358	524	31.23	5.15	$13,877
Sep 2000	40	408	31.87	5.19	$3,391
Aug 2000	529	419	29.64	4.54	$17,582
Jul 2000	179	612	28.53	4.09	$7,610
Jun 2000	704	656	29.30	4.40	$23,512
May 2000	355	621	27.26	3.68	$11,962
Apr 2000	0	647	24.51	3.12	$2,016
Mar 2000	360	102	28.42	2.86	$10,523
Feb 2000	356	728	27.62	2.73	$11,818
Jan 2000	354	1,028	25.27	2.48	$11,496
Dec 1999	359	589	24.28	2.42	$10,144
Nov 1999	734	651	23.19	2.43	$18,606
Oct 1999	0	497	20.98	2.80	$1,393
Sep 1999	535	457	21.75	2.62	$12,833
Aug 1999	366	755	19.26	2.88	$9,220
Jul 1999	739	788	17.89	2.37	$15,090
Jun 1999	544	803	15.94	2.36	$10,568
May 1999	358	482	15.79	2.32	$6,772
Apr 1999	523	624	15.10	2.21	$9,275
Mar 1999	542	653	12.47	1.84	$7,959
Feb 1999	363	537	9.98	1.82	$4,599
Jan 1999	535	644	10.38	1.90	$6,777
Dec 1998	531	672	9.20	1.77	$6,077
Nov 1998	723	706	10.89	2.19	$9,417
Oct 1998	340	737	12.42	1.97	$5,674
Sep 1998	541	639	12.59	2.08	$8,142
Aug 1998	706	1,047	11.30	1.91	$9,975
Jul 1998	911	1,123	11.74	2.24	$13,208
Jun 1998	722	1,222	11.24	2.24	$10,849
May 1998	889	1,328	12.62	2.21	$14,149
Apr 1998	707	1,139	13.04	2.51	$12,073
Mar 1998	708	934	12.80	2.31	$11,219
Feb 1998	751	1,027	13.95	2.30	$12,838
Jan 1998	912	1,404	14.70	2.15	$16,432
Dec 1997	1,261	1,317	16.32	2.41	$23,755
Nov 1997	541	1,424	18.19	3.09	$14,238
Oct 1997	1,120	1,579	19.25	3.15	$26,534
Sep 1997	1,301	1,686	17.74	2.95	$28,062
Aug 1997	1,176	1,980	17.86	2.55	$26,062
Jul 1997	1,263	2,195	17.58	2.25	$27,136
Jun 1997	1,418	2,538	17.24	2.26	$30,175
May 1997	1,944	3,168	18.97	2.31	$44,191
Apr 1997	2,489	3,469	17.88	2.08	$51,728
Mar 1997	2,447	3,428	18.95	1.94	$53,018
Feb 1997	3,298	4,821	20.49	2.21	$78,211
Jan 1997	4,382	4,917	23.48	3.54	$120,294
Dec 1996	5,082	4,951	23.32	—	$118,512
Nov 1996	4,201	0	21.97	—	$92,296

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 2006 — as filed, then multipliedworked

Oil                  341 bbl  × $ 68.71 =    $23,430
Casinghead gas         0 Mcf  × $  7.34 =         $0

────────────────────────────────────────────────────
Month total                                  $23,430

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/35110 is the state's own key, not one this site invented.