PRICE -12-

Operated by MEXCO ENERGY CORPORATION (P-5 562563) in the EL CINCO (WICHITA ALBANY, MID.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 36957District 08Field 27946830OilCasinghead gasSave
Value, all time
$255 k
Oct 2002 – May 2007
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
56
no gaps in the span
Streams
2
oil, casinghead gas

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.

StreamBasisVolumeValue
OilDisposition4,494 bbl$172,430
Casinghead gasProduction14,040 Mcf$82,796
Total$255,226

Wells on this lease (2)

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 31.0166, -102.2298. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.01664, -102.22984 · centre of the wells drawn, derived

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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
5,071 ft
2 wells filed one
Completion to plug
3.6 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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

Between 4,750 and 5,391 ft, median 5,071 ft, over the 2 wells that filed a depth.

Completions filed
Sep 2002
2 of 2 wells
Plug dates filed
Mar 2006 – Apr 2006
2 of 2 wells

Last completion to plug: a median of 3.6 years across the 2 wells that filed both dates, with the middle half between 3.5 years and 3.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-371332442A4,750 ftSep 2002Mar 2006Yes
42-371306881A5,391 ftSep 2002Apr 2006Yes

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 (56)

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

56 months

May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 2007140056.927.30$7,969
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 2006173056.707.08$9,809
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20051054.6910.59$55
Oct 20051634158.3413.80$10,075
Sep 200556461.4512.08$1,080
Aug 20058461.519.80$531
Jul 2005432255.697.84$2,748
Jun 200516118452.337.38$9,783
May 200517423045.226.65$9,398
Apr 2005533749.207.36$2,726
Mar 20051029650.377.15$2,622
Feb 200516834245.226.31$9,756
Jan 200535131843.166.32$17,160
Dec 200418342139.866.75$10,137
Nov 20041440045.286.33$3,166
Oct 200419339949.706.52$12,192
Sep 2004418243.245.28$1,135
Aug 200415321942.375.55$7,698
Jul 200436137438.286.08$16,095
Jun 2004640236.106.43$2,803
May 2004447137.486.49$3,209
Apr 2004443334.475.86$2,675
Mar 200417945434.365.53$8,661
Feb 2004343632.455.51$2,500
Jan 2004343832.036.30$2,855
Dec 200316846030.266.30$7,982
Nov 2003543828.804.60$2,157
Oct 20039033028.174.76$4,106
Sep 200316742526.314.75$6,412
Aug 200315638029.765.13$6,592
Jul 200334855129.415.17$13,084
Jun 200317761928.565.98$8,759
May 2003061326.595.97$3,661
Apr 20032142626.675.41$2,864
Mar 200335639431.146.10$13,488
Feb 20031641633.487.93$3,833
Jan 200334438230.315.58$12,559
Dec 200217676626.914.85$8,454
Nov 200201,06224.664.14$4,393
Oct 200201126.464.23$47

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.

Mar 2007 — as filed, then multipliedworked
Oil                  140 bbl  × $ 56.92 =     $7,969
Casinghead gas         0 Mcf  × $  7.30 =         $0

────────────────────────────────────────────────────
Month total                                   $7,969

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/36957 is the state's own key, not one this site invented.