LOVING -BC- FEE

Name: LOVING -BC- FEE lease production and value, Jul 2007 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WAGNER OIL COMPANY (P-5 891175) in the DIMMITT (DELAWARE CONS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38249District 08Field 24853600Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$2.9 M

Jul 2007 – Aug 2016

Value, last 12 filed months

$79 k

at the published price for each month

Months reported

110

no gaps in the span

Streams

oil, casinghead gas

The DIMMITT (DELAWARE CONS) 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 109 leases and 325 wells, and the rule below applies to all of them.

Discovered

2007-03-29

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 40 acres. The field rule took effect on 2007-07-01.

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: “9/11/2012.”

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	27,250 bbl	$2,144,209
Casinghead gas	Production	145,218 Mcf	$717,079
Total			$2,861,287

Wells on this lease (4)

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 31.8465, -103.4951. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

31.84649, -103.49511 · 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%

4 of 4 wells

With a plug date

100.0%

4 of 4 wells

Median depth

6,728 ft

4 wells filed one

Completion to plug

19.2 years

median over 4 wells

What the state filed about each well

On the RRC proration schedule

4100.0%

A plug date is filed

4100.0%

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

4100.0%

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 6,710 and 6,735 ft, median 6,728 ft, over the 4 wells that filed a depth.

Completions filed

Jun 1988 – Aug 1997

4 of 4 wells

Plug dates filed

Jul 2016 – Aug 2016

4 of 4 wells

Last completion to plug: a median of 19.2 years across the 4 wells that filed both dates, with the middle half between 19.0 years and 21.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells


42-30130798	4	6,735 ft	Aug 1997	Aug 2016	Yes
42-30130754	1	6,710 ft	Aug 1997	Jul 2016	Yes
42-30130783	2	6,725 ft	Mar 1997	Jul 2016	Yes
42-30130787	3	6,730 ft	Jun 1988	Aug 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 (110)

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

110 months


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	33	0	42.52	1.99	$1,403
Apr 2016	109	0	36.56	1.99	$3,985
Mar 2016	177	435	33.01	1.79	$6,623
Feb 2016	370	435	26.47	2.06	$10,692
Jan 2016	178	530	27.35	2.36	$6,121
Dec 2015	183	602	32.36	2.00	$7,127
Nov 2015	357	568	38.79	2.17	$15,079
Oct 2015	367	655	43.55	2.43	$17,572
Sep 2015	188	669	42.99	2.76	$9,928
Aug 2015	169	659	40.16	2.87	$8,680
Jul 2015	184	19	48.15	2.95	$8,916
Jun 2015	178	566	56.15	2.88	$11,626
May 2015	368	750	55.21	2.96	$22,534
Apr 2015	196	778	49.82	2.71	$11,870
Mar 2015	384	1,020	42.89	2.93	$19,463
Feb 2015	191	916	44.66	2.98	$11,256
Jan 2015	166	925	43.43	3.10	$10,077
Dec 2014	190	990	54.69	3.59	$13,947
Nov 2014	0	509	70.46	4.25	$2,164
Oct 2014	348	877	78.30	3.90	$30,670
Sep 2014	179	1,147	86.16	4.05	$20,063
Aug 2014	181	1,239	89.39	4.04	$21,179
Jul 2014	181	1,266	96.56	4.18	$22,769
Jun 2014	176	1,237	98.16	4.74	$23,136
May 2014	364	1,302	94.73	4.73	$40,636
Apr 2014	368	1,253	95.94	4.81	$41,332
Mar 2014	191	1,283	95.89	5.06	$24,803
Feb 2014	0	1,236	97.40	6.19	$7,653
Jan 2014	377	1,348	90.40	4.86	$40,633
Dec 2013	191	1,297	91.82	4.35	$23,185
Nov 2013	186	694	88.85	3.74	$19,120
Oct 2013	368	1,185	97.42	3.78	$40,329
Sep 2013	190	1,245	104.11	3.72	$24,409
Aug 2013	557	1,078	104.25	3.52	$61,865
Jul 2013	183	1,034	102.52	3.72	$22,605
Jun 2013	0	1,210	94.40	3.93	$4,759
May 2013	180	1,068	94.83	4.15	$21,501
Apr 2013	196	840	93.96	4.28	$22,014
Mar 2013	0	1,333	93.62	3.91	$5,216
Feb 2013	186	1,024	91.23	3.42	$20,471
Jan 2013	348	910	91.60	3.42	$34,989
Dec 2012	366	1,011	86.77	3.42	$35,216
Nov 2012	189	683	86.95	3.62	$18,909
Oct 2012	547	1,476	89.38	3.40	$53,909
Sep 2012	0	1,435	94.67	2.92	$4,188
Aug 2012	0	974	92.66	2.91	$2,833
Jul 2012	175	1,193	85.13	3.02	$18,502
Jun 2012	551	1,243	79.82	2.52	$47,112
May 2012	178	1,009	91.61	2.49	$18,817
Apr 2012	0	1,224	101.65	2.00	$2,444
Mar 2012	369	1,532	105.05	2.22	$42,168
Feb 2012	180	1,142	101.10	2.57	$21,133
Jan 2012	183	1,329	98.09	2.73	$21,584
Dec 2011	367	1,410	96.87	3.24	$40,119
Nov 2011	0	1,363	95.72	3.31	$4,513
Oct 2011	362	1,534	84.98	3.65	$36,360
Sep 2011	177	1,089	83.62	3.99	$19,141
Aug 2011	353	1,513	83.40	4.15	$35,718
Jul 2011	179	1,475	94.14	4.52	$23,514
Jun 2011	175	1,483	92.90	4.64	$23,138
May 2011	359	1,535	98.13	4.40	$41,990
Apr 2011	359	1,501	105.96	4.33	$44,544
Mar 2011	179	1,563	96.36	4.06	$23,590
Feb 2011	177	1,355	85.64	4.18	$20,822
Jan 2011	358	1,526	86.50	4.59	$37,969
Dec 2010	177	1,455	85.73	4.35	$21,500
Nov 2010	176	1,581	80.84	3.80	$20,228
Oct 2010	355	1,711	78.10	3.51	$33,729
Sep 2010	177	1,638	72.63	3.98	$19,374
Aug 2010	358	1,754	73.68	4.42	$34,129
Jul 2010	354	1,759	72.55	4.74	$34,014
Jun 2010	175	1,742	70.36	4.91	$20,867
May 2010	356	1,779	71.12	4.24	$32,853
Apr 2010	359	1,755	81.69	4.12	$36,562
Mar 2010	184	1,870	78.39	4.39	$22,631
Feb 2010	361	1,656	73.58	5.44	$35,575
Jan 2010	178	1,691	74.36	5.96	$23,321
Dec 2009	357	1,891	71.44	5.48	$35,874
Nov 2009	180	1,895	74.59	3.75	$20,535
Oct 2009	358	2,019	72.54	4.11	$34,268
Sep 2009	375	2,109	65.54	3.06	$31,041
Aug 2009	177	1,426	67.42	3.22	$16,523
Jul 2009	174	1,962	61.13	3.46	$17,434
Jun 2009	177	1,965	66.16	3.90	$19,364
May 2009	357	2,026	54.74	3.93	$27,496
Apr 2009	362	2,013	46.77	3.59	$24,152
Mar 2009	183	1,866	42.14	4.06	$15,286
Feb 2009	367	1,754	32.81	4.63	$20,168
Jan 2009	185	1,824	35.86	5.37	$16,431
Dec 2008	178	1,716	37.10	5.98	$16,861
Nov 2008	381	1,943	55.49	6.86	$34,471
Oct 2008	187	2,077	75.24	6.92	$28,447
Sep 2008	356	1,374	101.76	7.88	$47,050
Aug 2008	363	971	114.22	8.48	$49,699
Jul 2008	177	1,773	131.08	11.39	$43,395
Jun 2008	361	1,923	131.33	13.03	$72,472
May 2008	362	2,068	123.17	11.57	$68,523
Apr 2008	368	2,136	110.31	10.45	$62,926
Mar 2008	181	2,184	101.90	9.66	$39,550
Feb 2008	369	2,073	92.53	8.77	$52,325
Jan 2008	372	1,547	90.38	8.21	$46,316
Dec 2007	378	1,870	88.33	7.30	$47,043
Nov 2007	361	1,889	91.67	7.29	$46,867
Oct 2007	368	2,314	82.85	6.92	$46,506
Sep 2007	375	2,192	75.84	6.24	$42,127
Aug 2007	361	2,232	69.06	6.39	$39,189
Jul 2007	569	2,065	70.90	6.39	$53,533

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 2016 — as filed, then multipliedworked

Oil                   33 bbl  × $ 42.52 =     $1,403
Casinghead gas         0 Mcf  × $  1.99 =         $0

────────────────────────────────────────────────────
Month total                                   $1,403

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/38249 is the state's own key, not one this site invented.