GIBSON

Name: GIBSON lease production and value, Aug 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FOUNDATION ENERGY MANAGEMENT LLC (P-5 280875) in the WOULD HAVE (CLEARFORK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 43869District 08Field 98899075OilCasinghead gasSave Export

Value, all time

$2.1 M

Aug 2005 – Jul 2020

Value, last 12 filed months

$15 k

at the published price for each month

Months reported

180

no gaps in the span

Streams

oil, casinghead gas

The WOULD HAVE (CLEARFORK) 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 28 leases and 114 wells, and the rule below applies to all of them.

Discovered

2001-03-01

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “#85280300 EFF 12/01/2019”

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	29,377 bbl	$2,061,145
Casinghead gas	Production	11,108 Mcf	$76,347
Total			$2,137,491

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 32.2985, -101.5388. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.29848, -101.53882 · 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

0.0%

0 of 1 wells

Median depth

5,615 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

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

The one well that filed a depth was drilled to 5,615 ft.

Completions filed

Sep 2005

1 of 1 wells

1 well


42-22735965	1701	5,615 ft	Sep 2005	—	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 (180)

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

180 months


Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	95	0	55.30	2.75	$5,254
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	176	0	53.11	2.30	$9,347
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
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	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	47	0	65.14	2.93	$3,062
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	182	0	63.84	2.90	$11,619
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	52	0	62.87	4.01	$3,269
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	179	0	42.49	3.09	$7,606
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
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	0	0	46.19	3.09	$0
Sep 2016	0	30	41.55	3.10	$93
Aug 2016	175	31	41.44	2.92	$7,343
Jul 2016	0	31	41.62	2.92	$91
Jun 2016	0	31	45.35	2.69	$83
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	31	36.56	1.99	$62
Mar 2016	162	31	33.01	1.79	$5,403
Feb 2016	0	29	26.47	2.06	$60
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	31	32.36	2.00	$62
Nov 2015	170	30	38.79	2.17	$6,659
Oct 2015	0	31	43.55	2.43	$75
Sep 2015	0	30	42.99	2.76	$83
Aug 2015	0	31	40.16	2.87	$89
Jul 2015	1	31	48.15	2.95	$139
Jun 2015	0	30	56.15	2.88	$86
May 2015	167	31	55.21	2.96	$9,312
Apr 2015	0	29	49.82	2.71	$78
Mar 2015	0	31	42.89	2.93	$91
Feb 2015	0	23	44.66	2.98	$68
Jan 2015	168	31	43.43	3.10	$7,392
Dec 2014	0	31	54.69	3.59	$111
Nov 2014	0	30	70.46	4.25	$128
Oct 2014	171	31	78.30	3.90	$13,510
Sep 2014	0	30	86.16	4.05	$121
Aug 2014	0	31	89.39	4.04	$125
Jul 2014	168	31	96.56	4.18	$16,352
Jun 2014	0	30	98.16	4.74	$142
May 2014	0	31	94.73	4.73	$147
Apr 2014	170	30	95.94	4.81	$16,454
Mar 2014	0	31	95.89	5.06	$157
Feb 2014	0	28	97.40	6.19	$173
Jan 2014	172	31	90.40	4.86	$15,699
Dec 2013	0	31	91.82	4.35	$135
Nov 2013	0	30	88.85	3.74	$112
Oct 2013	160	31	97.42	3.78	$15,704
Sep 2013	0	30	104.11	3.72	$112
Aug 2013	167	31	104.25	3.52	$17,519
Jul 2013	0	31	102.52	3.72	$115
Jun 2013	169	30	94.40	3.93	$16,072
May 2013	0	31	94.83	4.15	$129
Apr 2013	168	30	93.96	4.28	$15,914
Mar 2013	0	31	93.62	3.91	$121
Feb 2013	169	28	91.23	3.42	$15,514
Jan 2013	0	31	91.60	3.42	$106
Dec 2012	0	31	86.77	3.42	$106
Nov 2012	169	30	86.95	3.62	$14,803
Oct 2012	0	31	89.38	3.40	$105
Sep 2012	166	30	94.67	2.92	$15,803
Aug 2012	0	31	92.66	2.91	$90
Jul 2012	0	31	85.13	3.02	$94
Jun 2012	169	30	79.82	2.52	$13,565
May 2012	0	31	91.61	2.49	$77
Apr 2012	169	30	101.65	2.00	$17,239
Mar 2012	0	31	105.05	2.22	$69
Feb 2012	170	29	101.10	2.57	$17,262
Jan 2012	0	31	98.09	2.73	$85
Dec 2011	168	31	96.87	3.24	$16,375
Nov 2011	0	30	95.72	3.31	$99
Oct 2011	0	31	84.98	3.65	$113
Sep 2011	177	30	83.62	3.99	$14,920
Aug 2011	166	31	83.40	4.15	$13,973
Jul 2011	0	31	94.14	4.52	$140
Jun 2011	167	30	92.90	4.64	$15,654
May 2011	0	31	98.13	4.40	$137
Apr 2011	168	30	105.96	4.33	$17,931
Mar 2011	168	31	96.36	4.06	$16,314
Feb 2011	0	28	85.64	4.18	$117
Jan 2011	165	31	86.50	4.59	$14,415
Dec 2010	171	31	85.73	4.35	$14,795
Nov 2010	167	30	80.84	3.80	$13,614
Oct 2010	167	31	78.10	3.51	$13,151
Sep 2010	0	30	72.63	3.98	$119
Aug 2010	170	34	73.68	4.42	$12,676
Jul 2010	170	31	72.55	4.74	$12,480
Jun 2010	169	32	70.36	4.91	$12,048
May 2010	169	2	71.12	4.24	$12,028
Apr 2010	172	2	81.69	4.12	$14,059
Mar 2010	174	2	78.39	4.39	$13,649
Feb 2010	171	4	73.58	5.44	$12,604
Jan 2010	172	6	74.36	5.96	$12,826
Dec 2009	171	3	71.44	5.48	$12,233
Nov 2009	171	2	74.59	3.75	$12,762
Oct 2009	177	2	72.54	4.11	$12,848
Sep 2009	169	2	65.54	3.06	$11,082
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	336	2	61.13	3.46	$20,547
Jun 2009	165	2	66.16	3.90	$10,924
May 2009	170	0	54.74	3.93	$9,306
Apr 2009	339	0	46.77	3.59	$15,855
Mar 2009	169	0	42.14	4.06	$7,122
Feb 2009	168	0	32.81	4.63	$5,512
Jan 2009	342	0	35.86	5.37	$12,264
Dec 2008	173	0	37.10	5.98	$6,418
Nov 2008	344	32	55.49	6.86	$19,308
Oct 2008	343	111	75.24	6.92	$26,576
Sep 2008	171	101	101.76	7.88	$18,197
Aug 2008	513	148	114.22	8.48	$59,850
Jul 2008	352	173	131.08	11.39	$48,111
Jun 2008	160	165	131.33	13.03	$23,163
May 2008	346	168	123.17	11.57	$44,561
Apr 2008	340	161	110.31	10.45	$39,189
Mar 2008	342	176	101.90	9.66	$36,551
Feb 2008	347	176	92.53	8.77	$33,652
Jan 2008	512	194	90.38	8.21	$47,866
Dec 2007	175	194	88.33	7.30	$16,874
Nov 2007	520	191	91.67	7.29	$49,061
Oct 2007	181	191	82.85	6.92	$16,318
Sep 2007	527	206	75.84	6.24	$41,254
Aug 2007	519	227	69.06	6.39	$37,292
Jul 2007	175	223	70.90	6.39	$13,832
Jun 2007	526	233	62.00	7.55	$34,371
May 2007	369	240	58.74	7.85	$23,558
Apr 2007	533	245	59.61	7.81	$33,684
Mar 2007	515	258	56.92	7.30	$31,198
Feb 2007	398	237	55.10	8.22	$23,877
Jan 2007	557	276	50.30	6.73	$29,874
Dec 2006	681	283	56.65	6.92	$40,537
Nov 2006	522	288	54.20	7.62	$30,486
Oct 2006	535	316	54.90	6.01	$31,272
Sep 2006	551	322	60.08	5.04	$34,726
Aug 2006	514	344	68.71	7.34	$37,842
Jul 2006	705	328	69.37	6.34	$50,986
Jun 2006	679	373	66.28	6.38	$47,385
May 2006	716	394	66.01	6.42	$49,795
Apr 2006	550	395	64.39	7.36	$38,322
Mar 2006	848	417	56.70	7.08	$51,035
Feb 2006	905	369	57.59	7.75	$54,979
Jan 2006	878	419	60.59	8.93	$56,941
Dec 2005	621	252	54.94	13.42	$37,498
Nov 2005	1,130	0	54.69	10.59	$61,800
Oct 2005	1,074	0	58.34	13.80	$62,657
Sep 2005	171	0	61.45	12.08	$10,508
Aug 2005	0	0	61.51	9.80	$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.

Nov 2019 — as filed, then multipliedworked

Oil                   95 bbl  × $ 55.30 =     $5,254
Casinghead gas         0 Mcf  × $  2.75 =         $0

────────────────────────────────────────────────────
Month total                                   $5,254

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/43869 is the state's own key, not one this site invented.