GUITAR 14

Name: GUITAR 14 lease production and value, Jan 2012 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by ENCANA OIL & GAS(USA) INC. (P-5 251691) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 42436District 08Field 85280300OilCasinghead gasSave Export

Value, all time

$8.3 M

Jan 2012 – Feb 2019

Value, last 12 filed months

$552 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 16,587 leases and 43,997 wells, and the rule below applies to all of them.

Discovered

1952-12-22

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2018-02-13.

The Commission's schedule remark for this field reads: “SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.”

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	115,155 bbl	$6,782,915
Casinghead gas	Production	485,211 Mcf	$1,527,328
Total			$8,310,243

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 32.2865, -101.5939. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

32.28730, -101.59386 · 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

0.0%

0 of 4 wells

Median depth

10,008 ft

4 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

4100.0%

A plug date is filed

00.0%

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

00.0%

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 9,985 and 10,300 ft, median 10,008 ft, over the 4 wells that filed a depth.

Completions filed

Jan 2012 – Dec 2014

4 of 4 wells

4 wells


42-22738096	4	9,985 ft	Dec 2014	—	Yes
42-22738036	3	10,300 ft	Sep 2014	—	Yes
42-22737444	2	10,025 ft	Jun 2013	—	Yes
42-22736755	1	9,990 ft	Jan 2012	—	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 (86)

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

86 months


Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	869	8,640	61.44	3.40	$82,751
Sep 2018	440	10,185	59.54	3.11	$57,853
Aug 2018	587	10,503	59.40	3.07	$67,076
Jul 2018	633	9,287	65.14	2.93	$68,462
Jun 2018	445	10,188	60.18	3.08	$58,128
May 2018	726	10,987	65.38	2.90	$79,337
Apr 2018	654	9,504	63.84	2.90	$69,321
Mar 2018	628	10,905	61.22	2.79	$68,837
Feb 2018	880	9,480	61.78	2.77	$80,589
Jan 2018	710	10,171	62.87	4.01	$85,416
Dec 2017	898	9,387	57.27	2.92	$78,853
Nov 2017	689	8,450	55.42	3.12	$64,535
Oct 2017	784	10,256	49.29	2.98	$69,244
Sep 2017	301	9,780	47.52	3.09	$44,497
Aug 2017	636	10,847	45.37	3.00	$61,444
Jul 2017	521	9,612	43.87	3.09	$52,531
Jun 2017	558	9,583	42.49	3.09	$53,295
May 2017	881	9,928	45.37	3.26	$72,370
Apr 2017	1,227	9,704	47.93	3.21	$89,975
Mar 2017	1,632	10,959	46.77	2.98	$109,027
Feb 2017	517	8,050	50.45	2.95	$49,851
Jan 2017	66	771	49.41	3.42	$5,897
Dec 2016	294	751	48.76	3.72	$17,131
Nov 2016	1,042	5,364	42.49	2.64	$58,459
Oct 2016	1,439	8,313	46.19	3.09	$92,157
Sep 2016	1,321	7,899	41.55	3.10	$79,379
Aug 2016	1,854	8,655	41.44	2.92	$102,140
Jul 2016	1,546	7,996	41.62	2.92	$87,728
Jun 2016	1,498	7,293	45.35	2.69	$87,522
May 2016	1,696	6,318	42.52	1.99	$84,693
Apr 2016	1,390	4,070	36.56	1.99	$58,922
Mar 2016	2,233	4,420	33.01	1.79	$81,641
Feb 2016	1,190	3,270	26.47	2.06	$38,247
Jan 2016	2,479	5,439	27.35	2.36	$80,660
Dec 2015	2,390	5,901	32.36	2.00	$89,151
Nov 2015	1,036	3,689	38.79	2.17	$48,182
Oct 2015	1,795	4,578	43.55	2.43	$89,281
Sep 2015	2,291	6,101	42.99	2.76	$115,319
Aug 2015	3,427	6,267	40.16	2.87	$155,630
Jul 2015	5,342	3,223	48.15	2.95	$266,709
Jun 2015	3,319	5,700	56.15	2.88	$202,794
May 2015	3,731	12,606	55.21	2.96	$243,245
Apr 2015	4,639	13,451	49.82	2.71	$267,521
Mar 2015	7,062	19,851	42.89	2.93	$361,146
Feb 2015	5,902	10,437	44.66	2.98	$294,646
Jan 2015	5,598	11,322	43.43	3.10	$278,226
Dec 2014	2,528	5,898	54.69	3.59	$159,438
Nov 2014	1,787	8,198	70.46	4.25	$160,769
Oct 2014	2,489	11,181	78.30	3.90	$238,505
Sep 2014	2,797	6,410	86.16	4.05	$266,921
Aug 2014	709	2,929	89.39	4.04	$75,196
Jul 2014	706	3,157	96.56	4.18	$81,366
Jun 2014	701	3,508	98.16	4.74	$85,427
May 2014	916	3,083	94.73	4.73	$101,345
Apr 2014	924	4,464	95.94	4.81	$110,116
Mar 2014	1,080	5,040	95.89	5.06	$129,047
Feb 2014	1,247	3,504	97.40	6.19	$143,155
Jan 2014	1,111	4,080	90.40	4.86	$120,266
Dec 2013	845	1,375	91.82	4.35	$83,575
Nov 2013	594	1,597	88.85	3.74	$58,747
Oct 2013	1,313	1,951	97.42	3.78	$135,286
Sep 2013	1,671	2,211	104.11	3.72	$182,188
Aug 2013	2,253	1,864	104.25	3.52	$241,441
Jul 2013	590	2,235	102.52	3.72	$68,796
Jun 2013	621	2,130	94.40	3.93	$67,001
May 2013	783	1,263	94.83	4.15	$79,492
Apr 2013	849	1,917	93.96	4.28	$87,982
Mar 2013	767	1,473	93.62	3.91	$77,570
Feb 2013	673	1,474	91.23	3.42	$66,439
Jan 2013	530	1,130	91.60	3.42	$52,413
Dec 2012	624	2,215	86.77	3.42	$61,720
Nov 2012	544	2,433	86.95	3.62	$56,120
Oct 2012	805	3,152	89.38	3.40	$82,667
Sep 2012	490	2,934	94.67	2.92	$54,951
Aug 2012	843	1,650	92.66	2.91	$82,911
Jul 2012	584	1,241	85.13	3.02	$53,465
Jun 2012	990	3,297	79.82	2.52	$87,327
May 2012	873	4,555	91.61	2.49	$91,310
Apr 2012	462	1,571	101.65	2.00	$50,099
Mar 2012	164	0	105.05	2.22	$17,228
Feb 2012	496	0	101.10	2.57	$50,146
Jan 2012	0	0	98.09	2.73	$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 2018 — as filed, then multipliedworked

Oil                  869 bbl  × $ 61.44 =    $53,391
Casinghead gas     8,640 Mcf  × $  3.40 =    $29,359

────────────────────────────────────────────────────
Month total                                  $82,751

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/42436 is the state's own key, not one this site invented.