SEATTLE SLEW

Operated by MDC TEXAS OPERATOR LLC (P-5 556511) in the PHANTOM (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 47354District 08Field 71052900OilCasinghead gasSave
Value, all time
$7.8 M
Sep 2015 – Mar 2020
Value, last 12 filed months
$0
at the published price for each month
Months reported
55
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
OilDisposition117,931 bbl$4,478,233
Casinghead gasProduction1,281,595 Mcf$3,368,185
Total$7,846,418

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 31.3268, -103.6761. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.32676, -103.67614 · 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%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,166 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 10,166 ft.

Completions filed
Sep 2015
1 of 1 wells

1 well

42-389347071H10,166 ftSep 2015Yes

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 (55)

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

55 months

Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20171,61030,09455.423.12$183,070
Oct 20171,77429,68749.292.98$176,017
Sep 20171,02727,28747.523.09$133,046
Aug 20171,66231,18845.373.00$169,106
Jul 20171,65033,26843.873.09$175,093
Jun 20171,83732,87242.493.09$179,539
May 20171,74435,73045.373.26$195,727
Apr 20171,78835,02447.933.21$198,182
Mar 20171,98637,81646.772.98$205,716
Feb 20173,53433,57150.452.95$277,412
Jan 20172,45938,00349.413.42$251,424
Dec 20162,39842,87748.763.72$276,550
Nov 20162,59845,39542.492.64$230,429
Oct 20162,43236,02546.193.09$223,661
Sep 20163,50748,92241.553.10$297,405
Aug 20163,78055,93741.442.92$320,222
Jul 20164,30762,37941.622.92$361,675
Jun 20164,85765,30945.352.69$395,674
May 20165,58371,27442.521.99$379,299
Apr 20165,04072,23436.561.99$328,083
Mar 20166,43685,91033.011.79$366,576
Feb 20169,729109,93326.472.06$484,388
Jan 201615,829125,04827.352.36$728,582
Dec 201515,40042,43732.362.00$583,278
Nov 20159,80931,80138.792.17$449,414
Oct 20155,15521,57443.552.43$276,851
Sep 20150042.992.76$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 2017 — as filed, then multipliedworked
Oil                1,610 bbl  × $ 55.42 =    $89,226
Casinghead gas    30,094 Mcf  × $  3.12 =    $93,844

────────────────────────────────────────────────────
Month total                                 $183,070

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/47354 is the state's own key, not one this site invented.