VAL VERDE POWELL 18

Name: VAL VERDE POWELL 18 lease production and value, Apr 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CHISOS OPERATING, INC. (P-5 149441) in the SIGNAL PEAK (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 36650District 08Field 83518500OilCasinghead gasSave Export

Value, all time

$1.6 M

Apr 2001 – Apr 2014

Value, last 12 filed months

at the published price for each month

Months reported

157

no gaps in the span

Streams

oil, casinghead gas

The SIGNAL PEAK (WOLFCAMP) 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 132 leases and 253 wells, and the rule below applies to all of them.

Discovered

1983-04-23

as the register files it

Field class

Oil and gas

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 2009-06-18.

The Commission's schedule remark for this field reads: “08-0223268 DATED 6/18/2009”

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	7,339 bbl	$367,287
Casinghead gas	Production	257,963 Mcf	$1,198,159
Total			$1,565,446

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 32.2499, -101.2730. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.24988, -101.27296 · 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

7,950 ft

1 wells filed one

Completion to plug

11.9 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 7,950 ft.

Completions filed

Apr 2001

1 of 1 wells

Plug dates filed

Mar 2013

1 of 1 wells

Last completion to plug: a median of 11.9 years across the 1 well that filed both dates, with the middle half between 11.9 years and 11.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-22735658	1	7,950 ft	Apr 2001	Mar 2013	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 (157)

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

157 months


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	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	129	0	91.61	2.49	$11,818
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	107	98.09	2.73	$293
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	261	95.72	3.31	$864
Oct 2011	0	504	84.98	3.65	$1,839
Sep 2011	0	478	83.62	3.99	$1,905
Aug 2011	0	496	83.40	4.15	$2,058
Jul 2011	0	111	94.14	4.52	$501
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	306	98.13	4.40	$1,348
Apr 2011	0	463	105.96	4.33	$2,006
Mar 2011	154	550	96.36	4.06	$17,071
Feb 2011	0	472	85.64	4.18	$1,973
Jan 2011	0	345	86.50	4.59	$1,583
Dec 2010	0	431	85.73	4.35	$1,874
Nov 2010	0	423	80.84	3.80	$1,605
Oct 2010	160	444	78.10	3.51	$14,054
Sep 2010	0	436	72.63	3.98	$1,735
Aug 2010	0	417	73.68	4.42	$1,843
Jul 2010	0	419	72.55	4.74	$1,985
Jun 2010	0	0	70.36	4.91	$0
May 2010	1	448	71.12	4.24	$1,969
Apr 2010	0	426	81.69	4.12	$1,756
Mar 2010	163	415	78.39	4.39	$14,599
Feb 2010	0	434	73.58	5.44	$2,362
Jan 2010	0	434	74.36	5.96	$2,588
Dec 2009	0	460	71.44	5.48	$2,523
Nov 2009	164	497	74.59	3.75	$14,097
Oct 2009	0	569	72.54	4.11	$2,339
Sep 2009	0	514	65.54	3.06	$1,575
Aug 2009	0	598	67.42	3.22	$1,925
Jul 2009	0	651	61.13	3.46	$2,255
Jun 2009	166	648	66.16	3.90	$13,507
May 2009	0	692	54.74	3.93	$2,717
Apr 2009	0	779	46.77	3.59	$2,795
Mar 2009	0	513	42.14	4.06	$2,082
Feb 2009	0	631	32.81	4.63	$2,923
Jan 2009	0	697	35.86	5.37	$3,744
Dec 2008	172	722	37.10	5.98	$10,697
Nov 2008	0	720	55.49	6.86	$4,939
Oct 2008	0	782	75.24	6.92	$5,413
Sep 2008	0	632	101.76	7.88	$4,978
Aug 2008	171	617	114.22	8.48	$24,766
Jul 2008	0	754	131.08	11.39	$8,588
Jun 2008	0	726	131.33	13.03	$9,462
May 2008	0	743	123.17	11.57	$8,600
Apr 2008	0	734	110.31	10.45	$7,674
Mar 2008	162	750	101.90	9.66	$23,756
Feb 2008	0	688	92.53	8.77	$6,034
Jan 2008	0	719	90.38	8.21	$5,900
Dec 2007	158	782	88.33	7.30	$19,666
Nov 2007	0	670	91.67	7.29	$4,885
Oct 2007	167	810	82.85	6.92	$19,443
Sep 2007	0	683	75.84	6.24	$4,265
Aug 2007	0	836	69.06	6.39	$5,340
Jul 2007	0	796	70.90	6.39	$5,085
Jun 2007	0	793	62.00	7.55	$5,986
May 2007	0	875	58.74	7.85	$6,866
Apr 2007	178	917	59.61	7.81	$17,768
Mar 2007	0	835	56.92	7.30	$6,097
Feb 2007	0	831	55.10	8.22	$6,828
Jan 2007	0	884	50.30	6.73	$5,947
Dec 2006	0	770	56.65	6.92	$5,327
Nov 2006	160	939	54.20	7.62	$15,825
Oct 2006	0	920	54.90	6.01	$5,533
Sep 2006	0	814	60.08	5.04	$4,100
Aug 2006	158	1,040	68.71	7.34	$18,490
Jul 2006	0	1,101	69.37	6.34	$6,983
Jun 2006	0	1,079	66.28	6.38	$6,888
May 2006	158	1,113	66.01	6.42	$17,581
Apr 2006	0	1,080	64.39	7.36	$7,949
Mar 2006	155	1,180	56.70	7.08	$17,146
Feb 2006	0	1,186	57.59	7.75	$9,193
Jan 2006	160	1,110	60.59	8.93	$19,610
Dec 2005	166	1,246	54.94	13.42	$25,836
Nov 2005	76	641	54.69	10.59	$10,944
Oct 2005	0	873	58.34	13.80	$12,044
Sep 2005	0	916	61.45	12.08	$11,064
Aug 2005	0	1,067	61.51	9.80	$10,453
Jul 2005	0	1,283	55.69	7.84	$10,063
Jun 2005	0	1,452	52.33	7.38	$10,717
May 2005	315	1,591	45.22	6.65	$24,826
Apr 2005	0	1,492	49.20	7.36	$10,982
Mar 2005	155	1,666	50.37	7.15	$19,727
Feb 2005	0	1,615	45.22	6.31	$10,194
Jan 2005	165	1,756	43.16	6.32	$18,223
Dec 2004	172	1,992	39.86	6.75	$20,304
Nov 2004	154	2,098	45.28	6.33	$20,254
Oct 2004	155	2,395	49.70	6.52	$23,307
Sep 2004	156	2,045	43.24	5.28	$17,551
Aug 2004	156	3,209	42.37	5.55	$24,422
Jul 2004	152	1,071	38.28	6.08	$12,335
Jun 2004	156	0	36.10	6.43	$5,632
May 2004	150	1	37.48	6.49	$5,628
Apr 2004	468	1	34.47	5.86	$16,138
Mar 2004	154	0	34.36	5.53	$5,291
Feb 2004	122	653	32.45	5.51	$7,557
Jan 2004	0	1,403	32.03	6.30	$8,838
Dec 2003	0	1,795	30.26	6.30	$11,311
Nov 2003	0	1,712	28.80	4.60	$7,867
Oct 2003	0	1,968	28.17	4.76	$9,367
Sep 2003	0	1,770	26.31	4.75	$8,406
Aug 2003	184	2,028	29.76	5.13	$15,879
Jul 2003	0	2,355	29.41	5.17	$12,177
Jun 2003	0	2,348	28.56	5.98	$14,048
May 2003	0	2,497	26.59	5.97	$14,914
Apr 2003	0	2,515	26.67	5.41	$13,599
Mar 2003	167	2,708	31.14	6.10	$21,708
Feb 2003	0	2,668	33.48	7.93	$21,146
Jan 2003	0	1,650	30.31	5.58	$9,210
Dec 2002	0	2,370	26.91	4.85	$11,503
Nov 2002	0	2,965	24.66	4.14	$12,266
Oct 2002	0	3,202	26.46	4.23	$13,542
Sep 2002	198	3,317	27.44	3.64	$17,491
Aug 2002	0	3,707	25.96	3.16	$11,730
Jul 2002	0	8,874	24.58	3.06	$27,170
Jun 2002	0	6,259	23.73	3.34	$20,894
May 2002	194	5,692	24.66	3.58	$25,184
Apr 2002	3	4,812	23.65	3.51	$16,972
Mar 2002	1	5,384	22.00	3.10	$16,727
Feb 2002	0	5,029	18.22	2.38	$11,947
Jan 2002	189	4,292	17.17	2.38	$13,442
Dec 2001	3	6,720	16.93	2.36	$15,940
Nov 2001	2	7,099	18.07	2.41	$17,113
Oct 2001	200	8,028	19.78	2.53	$24,258
Sep 2001	2	8,932	24.26	2.25	$20,157
Aug 2001	195	9,363	24.87	3.05	$33,436
Jul 2001	0	11,713	23.93	3.20	$37,447
Jun 2001	191	15,569	24.56	3.82	$64,229
May 2001	197	25,937	25.52	4.31	$116,746
Apr 2001	5	5,519	24.68	5.34	$29,569

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.

May 2012 — as filed, then multipliedworked

Oil                  129 bbl  × $ 91.61 =    $11,818
Casinghead gas         0 Mcf  × $  2.49 =         $0

────────────────────────────────────────────────────
Month total                                  $11,818

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/36650 is the state's own key, not one this site invented.