TREES, JOE B. ESTATE

Name: TREES, JOE B. ESTATE lease production and value, Mar 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by ROCA OPERATING, INC. (P-5 722195) in the WAHA (DELAWARE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 37280District 08Field 94648166Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$2.2 M

Mar 2004 – Jan 2017

Value, last 12 filed months

$185

at the published price for each month

Months reported

155

no gaps in the span

Streams

oil, casinghead gas

The WAHA (DELAWARE) 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 82 leases and 98 wells, and the rule below applies to all of them.

Discovered

1960-09-28

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,980 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1992-07-11.

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.

The Commission's schedule remark for this field reads: “OPTIONAL 160 ACRE ACRE UNITS WITH DIAGONAL 4500'”

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	14,661 bbl	$1,052,607
Casinghead gas	Production	184,661 Mcf	$1,146,575
Total			$2,199,181

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 31.2762, -103.0387. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.27623, -103.03871 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

6,100 ft

2 wells filed one

Completion to plug

12.1 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 5,200 and 7,000 ft, median 6,100 ft, over the 2 wells that filed a depth.

Completions filed

Jan 2004 – Apr 2005

2 of 2 wells

Plug dates filed

Sep 2016 – Oct 2016

2 of 2 wells

Last completion to plug: a median of 12.1 years across the 2 wells that filed both dates, with the middle half between 11.8 years and 12.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-37137473	2	7,000 ft	Apr 2005	Oct 2016	Yes
42-37137318	1	5,200 ft	Jan 2004	Sep 2016	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 (155)

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

155 months


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	4	0	46.19	3.09	$185
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	38	55.21	2.96	$112
Apr 2015	0	176	49.82	2.71	$476
Mar 2015	0	45	42.89	2.93	$132
Feb 2015	0	137	44.66	2.98	$408
Jan 2015	0	106	43.43	3.10	$329
Dec 2014	0	23	54.69	3.59	$83
Nov 2014	0	232	70.46	4.25	$986
Oct 2014	0	550	78.30	3.90	$2,146
Sep 2014	0	729	86.16	4.05	$2,949
Aug 2014	176	729	89.39	4.04	$18,674
Jul 2014	0	722	96.56	4.18	$3,018
Jun 2014	0	718	98.16	4.74	$3,401
May 2014	0	1,208	94.73	4.73	$5,710
Apr 2014	167	811	95.94	4.81	$19,922
Mar 2014	0	1,252	95.89	5.06	$6,331
Feb 2014	0	1,043	97.40	6.19	$6,458
Jan 2014	0	296	90.40	4.86	$1,439
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	12	97.42	3.78	$45
Sep 2013	173	611	104.11	3.72	$20,283
Aug 2013	0	1,164	104.25	3.52	$4,100
Jul 2013	174	1,320	102.52	3.72	$22,746
Jun 2013	34	1,312	94.40	3.93	$8,370
May 2013	192	1,361	94.83	4.15	$23,854
Apr 2013	212	1,420	93.96	4.28	$26,001
Mar 2013	40	1,129	93.62	3.91	$8,162
Feb 2013	0	1,218	91.23	3.42	$4,165
Jan 2013	193	1,036	91.60	3.42	$21,222
Dec 2012	8	128	86.77	3.42	$1,132
Nov 2012	195	1,199	86.95	3.62	$21,302
Oct 2012	52	998	89.38	3.40	$8,041
Sep 2012	0	1,069	94.67	2.92	$3,120
Aug 2012	171	944	92.66	2.91	$18,590
Jul 2012	206	961	85.13	3.02	$20,440
Jun 2012	176	1,158	79.82	2.52	$16,965
May 2012	170	1,600	91.61	2.49	$19,555
Apr 2012	0	1,437	101.65	2.00	$2,869
Mar 2012	232	1,866	105.05	2.22	$28,518
Feb 2012	37	1,477	101.10	2.57	$7,537
Jan 2012	169	1,629	98.09	2.73	$21,031
Dec 2011	172	1,799	96.87	3.24	$22,490
Nov 2011	94	1,318	95.72	3.31	$13,362
Oct 2011	170	1,117	84.98	3.65	$18,522
Sep 2011	0	1,781	83.62	3.99	$7,099
Aug 2011	0	473	83.40	4.15	$1,963
Jul 2011	172	1,579	94.14	4.52	$23,325
Jun 2011	174	1,866	92.90	4.64	$24,823
May 2011	0	2,050	98.13	4.40	$9,030
Apr 2011	335	2,682	105.96	4.33	$47,118
Mar 2011	307	2,191	96.36	4.06	$38,472
Feb 2011	78	1,146	85.64	4.18	$11,470
Jan 2011	176	1,325	86.50	4.59	$21,304
Dec 2010	32	1,526	85.73	4.35	$9,378
Nov 2010	237	1,311	80.84	3.80	$24,135
Oct 2010	0	513	78.10	3.51	$1,800
Sep 2010	166	752	72.63	3.98	$15,049
Aug 2010	173	1,288	73.68	4.42	$18,439
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	839	70.36	4.91	$4,120
May 2010	174	901	71.12	4.24	$16,191
Apr 2010	217	1,580	81.69	4.12	$24,241
Mar 2010	42	1,111	78.39	4.39	$8,168
Feb 2010	204	965	73.58	5.44	$20,262
Jan 2010	202	1,481	74.36	5.96	$23,854
Dec 2009	225	1,384	71.44	5.48	$23,664
Nov 2009	0	992	74.59	3.75	$3,721
Oct 2009	14	472	72.54	4.11	$2,956
Sep 2009	156	786	65.54	3.06	$12,633
Aug 2009	0	411	67.42	3.22	$1,323
Jul 2009	201	872	61.13	3.46	$15,308
Jun 2009	0	1,289	66.16	3.90	$5,021
May 2009	175	1,538	54.74	3.93	$15,617
Apr 2009	114	1,552	46.77	3.59	$10,900
Mar 2009	175	1,520	42.14	4.06	$13,544
Feb 2009	170	1,055	32.81	4.63	$10,466
Jan 2009	47	678	35.86	5.37	$5,327
Dec 2008	7	151	37.10	5.98	$1,162
Nov 2008	0	968	55.49	6.86	$6,641
Oct 2008	179	1,468	75.24	6.92	$23,629
Sep 2008	168	1,484	101.76	7.88	$28,785
Aug 2008	0	967	114.22	8.48	$8,203
Jul 2008	176	1,394	131.08	11.39	$38,947
Jun 2008	0	1,260	131.33	13.03	$16,421
May 2008	181	1,444	123.17	11.57	$39,007
Apr 2008	0	1,125	110.31	10.45	$11,762
Mar 2008	164	1,509	101.90	9.66	$31,295
Feb 2008	163	997	92.53	8.77	$23,827
Jan 2008	169	1,535	90.38	8.21	$27,870
Dec 2007	0	1,262	88.33	7.30	$9,215
Nov 2007	0	1,232	91.67	7.29	$8,983
Oct 2007	177	361	82.85	6.92	$17,163
Sep 2007	0	1,366	75.84	6.24	$8,530
Aug 2007	166	1,305	69.06	6.39	$19,800
Jul 2007	0	1,293	70.90	6.39	$8,260
Jun 2007	0	715	62.00	7.55	$5,397
May 2007	172	1,808	58.74	7.85	$24,289
Apr 2007	174	1,723	59.61	7.81	$23,821
Mar 2007	172	2,017	56.92	7.30	$24,518
Feb 2007	0	1,846	55.10	8.22	$15,167
Jan 2007	175	2,100	50.30	6.73	$22,929
Dec 2006	174	1,914	56.65	6.92	$23,099
Nov 2006	177	1,640	54.20	7.62	$22,086
Oct 2006	0	1,282	54.90	6.01	$7,710
Sep 2006	178	0	60.08	5.04	$10,694
Aug 2006	3	2,092	68.71	7.34	$15,561
Jul 2006	173	1,952	69.37	6.34	$24,382
Jun 2006	178	1,701	66.28	6.38	$22,657
May 2006	0	1,364	66.01	6.42	$8,764
Apr 2006	0	556	64.39	7.36	$4,092
Mar 2006	175	2,423	56.70	7.08	$27,084
Feb 2006	177	2,317	57.59	7.75	$28,153
Jan 2006	174	2,643	60.59	8.93	$34,153
Dec 2005	175	2,738	54.94	13.42	$46,346
Nov 2005	177	2,759	54.69	10.59	$38,894
Oct 2005	0	2,792	58.34	13.80	$38,518
Sep 2005	176	2,883	61.45	12.08	$45,639
Aug 2005	343	3,201	61.51	9.80	$52,458
Jul 2005	164	3,403	55.69	7.84	$35,825
Jun 2005	0	2,457	52.33	7.38	$18,135
May 2005	175	736	45.22	6.65	$12,809
Apr 2005	175	3,015	49.20	7.36	$30,802
Mar 2005	181	3,515	50.37	7.15	$34,266
Feb 2005	174	3,302	45.22	6.31	$28,710
Jan 2005	175	3,611	43.16	6.32	$30,382
Dec 2004	350	2,406	39.86	6.75	$30,194
Nov 2004	0	2,818	45.28	6.33	$17,839
Oct 2004	352	3,366	49.70	6.52	$39,424
Sep 2004	174	3,314	43.24	5.28	$25,035
Aug 2004	177	3,307	42.37	5.55	$25,856
Jul 2004	358	2,507	38.28	6.08	$28,957
Jun 2004	170	1,186	36.10	6.43	$13,767
May 2004	330	877	37.48	6.49	$18,064
Apr 2004	0	1,247	34.47	5.86	$7,306
Mar 2004	0	0	34.36	5.53	$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.

Oct 2016 — as filed, then multipliedworked

Oil                    4 bbl  × $ 46.19 =       $185
Casinghead gas         0 Mcf  × $  3.09 =         $0

────────────────────────────────────────────────────
Month total                                     $185

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/37280 is the state's own key, not one this site invented.