LOWE STATE

Name: LOWE STATE lease production and value, Jan 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by REEF EXPLORATION, L.P. (P-5 697952) in the MATTHEWS (LOWER CHERRY CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 36555District 08Field 58327500OilCasinghead gasSave Export

Value, all time

$1.8 M

Jan 2001 – Mar 2008

Value, last 12 filed months

$195 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The MATTHEWS (LOWER CHERRY CANYON) 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 35 wells, and the rule below applies to all of them.

Discovered

1984-05-18

as the register files it

Field class

Oil

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1999-04-01.

The Commission's schedule remark for this field reads: “OPTIONAL ACRES 20, 1500 DIAG.”

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	32,440 bbl	$1,256,749
Casinghead gas	Production	95,227 Mcf	$526,460
Total			$1,783,209

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 31.8626, -103.9153. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.86256, -103.91525 · 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

4,804 ft

1 wells filed one

Completion to plug

23.6 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 4,804 ft.

Completions filed

Jan 2001

1 of 1 wells

Plug dates filed

Aug 2024

1 of 1 wells

Last completion to plug: a median of 23.6 years across the 1 well that filed both dates, with the middle half between 23.6 years and 23.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-38932195	1	4,804 ft	Jan 2001	Aug 2024	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 (87)

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

87 months


Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	636	1,012	75.84	6.24	$54,553
Aug 2007	342	263	69.06	6.39	$25,299
Jul 2007	457	797	70.90	6.39	$37,492
Jun 2007	441	452	62.00	7.55	$30,754
May 2007	333	563	58.74	7.85	$23,978
Apr 2007	292	647	59.61	7.81	$22,456
Mar 2007	328	751	56.92	7.30	$24,154
Feb 2007	269	886	55.10	8.22	$22,101
Jan 2007	105	443	50.30	6.73	$8,261
Dec 2006	268	633	56.65	6.92	$19,562
Nov 2006	464	1,066	54.20	7.62	$33,269
Oct 2006	341	1,186	54.90	6.01	$25,853
Sep 2006	355	1,072	60.08	5.04	$26,728
Aug 2006	427	1,008	68.71	7.34	$36,738
Jul 2006	554	1,449	69.37	6.34	$47,622
Jun 2006	527	1,115	66.28	6.38	$42,048
May 2006	354	589	66.01	6.42	$27,152
Apr 2006	486	987	64.39	7.36	$38,558
Mar 2006	428	719	56.70	7.08	$29,360
Feb 2006	469	1,085	57.59	7.75	$35,420
Jan 2006	628	1,303	60.59	8.93	$49,691
Dec 2005	462	1,028	54.94	13.42	$39,173
Nov 2005	375	486	54.69	10.59	$25,655
Oct 2005	398	1,205	58.34	13.80	$39,843
Sep 2005	50	19	61.45	12.08	$3,302
Aug 2005	77	321	61.51	9.80	$7,881
Jul 2005	0	147	55.69	7.84	$1,153
Jun 2005	264	645	52.33	7.38	$18,576
May 2005	194	1,168	45.22	6.65	$16,541
Apr 2005	321	1,320	49.20	7.36	$25,509
Mar 2005	327	1,300	50.37	7.15	$25,772
Feb 2005	219	1,245	45.22	6.31	$17,762
Jan 2005	310	1,344	43.16	6.32	$21,877
Dec 2004	207	1,138	39.86	6.75	$15,934
Nov 2004	291	1,237	45.28	6.33	$21,007
Oct 2004	214	1,230	49.70	6.52	$18,649
Sep 2004	207	1,183	43.24	5.28	$15,202
Aug 2004	259	1,289	42.37	5.55	$18,129
Jul 2004	305	1,326	38.28	6.08	$19,743
Jun 2004	207	1,299	36.10	6.43	$15,829
May 2004	308	1,395	37.48	6.49	$20,604
Apr 2004	276	1,291	34.47	5.86	$17,077
Mar 2004	212	1,262	34.36	5.53	$14,263
Feb 2004	276	1,266	32.45	5.51	$15,931
Jan 2004	290	1,359	32.03	6.30	$17,850
Dec 2003	291	1,307	30.26	6.30	$17,042
Nov 2003	239	1,415	28.80	4.60	$13,385
Oct 2003	315	1,462	28.17	4.76	$15,832
Sep 2003	299	1,225	26.31	4.75	$13,685
Aug 2003	381	1,478	29.76	5.13	$18,920
Jul 2003	317	1,477	29.41	5.17	$16,960
Jun 2003	309	1,309	28.56	5.98	$16,657
May 2003	488	909	26.59	5.97	$18,405
Apr 2003	524	1,399	26.67	5.41	$21,540
Mar 2003	538	1,860	31.14	6.10	$28,092
Feb 2003	468	1,680	33.48	7.93	$28,984
Jan 2003	495	1,860	30.31	5.58	$25,386
Dec 2002	795	1,860	26.91	4.85	$30,421
Nov 2002	722	1,866	24.66	4.14	$25,524
Oct 2002	385	1,536	26.46	4.23	$16,683
Sep 2002	357	1,525	27.44	3.64	$15,340
Aug 2002	333	1,333	25.96	3.16	$12,863
Jul 2002	576	1,949	24.58	3.06	$20,125
Jun 2002	374	1,931	23.73	3.34	$15,321
May 2002	576	1,621	24.66	3.58	$20,014
Apr 2002	381	1,543	23.65	3.51	$14,430
Mar 2002	585	1,583	22.00	3.10	$17,782
Feb 2002	389	1,394	18.22	2.38	$10,399
Jan 2002	394	1,351	17.17	2.38	$9,975
Dec 2001	596	1,896	16.93	2.36	$14,573
Nov 2001	599	1,623	18.07	2.41	$14,728
Oct 2001	585	1,657	19.78	2.53	$15,762
Sep 2001	364	1,136	24.26	2.25	$11,388
Aug 2001	747	0	24.87	3.05	$18,578
Jul 2001	375	1,564	23.93	3.20	$13,974
Jun 2001	756	1,784	24.56	3.82	$25,390
May 2001	765	1,882	25.52	4.31	$27,629
Apr 2001	917	1,490	24.68	5.34	$30,581
Mar 2001	920	1,793	24.54	5.38	$32,217
Feb 2001	732	0	27.75	5.77	$20,313
Jan 2001	0	0	27.47	8.40	$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.

Sep 2007 — as filed, then multipliedworked

Oil                  636 bbl  × $ 75.84 =    $48,234
Casinghead gas     1,012 Mcf  × $  6.24 =     $6,319

────────────────────────────────────────────────────
Month total                                  $54,553

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/36555 is the state's own key, not one this site invented.