MILLARD -D-

Operated by FOUNDERS OIL & GAS OPERATING,LLC (P-5 280640) in the PENWELL (ELLENBURGER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4869District 08Field 70537330Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$14.5 M
Jan 1993 – Feb 2021
Value, last 12 filed months
$0
at the published price for each month
Months reported
338
no gaps in the span
Streams
2
oil, casinghead gas

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 8 leases and 35 wells, and the rule below applies to all of them.

Discovered
1946-04-10
as the register files it
Field class
Oil
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres.

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.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA3none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition307,720 bbl$13,199,478
Casinghead gasProduction360,938 Mcf$1,278,856
Total$14,478,333

66,816 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (8)

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 31.7380, -102.6338. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.73788, -102.63268 · 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%
8 of 8 wells
With a plug date
37.5%
3 of 8 wells
Median depth
8,638 ft
7 wells filed one
Completion to plug
2.6 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
8100.0%
A plug date is filed
337.5%
BothOn the schedule and plugged. Neither fact cancels the other.
337.5%
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

Total depth in feet, 7 of 8 wells. Median 8,638 ft, with the middle half between 8,633 and 8,695 ft; the shallowest is 8,583 ft and the deepest 8,885 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 6 of 8 wells, May 1994 – Dec 2022. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
May 1994 – Dec 2022
6 of 8 wells; 2 filed none
Plug dates filed
Aug 1985 – Nov 2001
3 of 8 wells; 5 filed none

Last completion to plug: a median of 2.6 years across the 2 wells that filed both dates, with the middle half between 20 months and 3.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

8 wells

42-135072726 T8,635 ftAug 1985Yes
42-135072737Yes
42-1350726718,640 ftDec 2022Yes
42-13534375238,750 ftNov 2020Yes
42-1350727048,638 ftApr 2002Yes
42-1350727158,885 ftJul 1997Nov 2001Yes
42-135072682 C8,583 ftFeb 1995Yes
42-135072693 T8,630 ftMay 1994Feb 1995Yes

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 (338)

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

338 months

Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 2019117059.012.30$6,904
Nov 201972682455.302.75$42,414
Oct 20199921,05753.472.42$55,599
Sep 201985254655.052.66$48,353
Aug 20191,0112,37753.112.30$59,172
Jul 20191,0211,67856.272.46$61,580
Jun 20191,4591,19752.782.49$79,988
May 20191,12598658.482.74$68,492
Apr 201986480762.632.75$56,332
Mar 201944143156.803.06$26,369
Feb 20191,19390650.852.79$63,194
Jan 20191,3541,10846.033.23$65,901
Dec 20181,5071,17846.594.19$75,142
Nov 20181,21993852.934.24$68,496
Oct 20181,4711,19861.443.40$94,449
Sep 20181,33192059.543.11$82,107
Aug 20181,3071,10959.403.07$81,037
Jul 20181,4091,13165.142.93$95,098
Jun 201889274060.183.08$55,957
May 20181,2861,06165.382.90$87,156
Apr 20181,04684563.842.90$69,228
Mar 20181,26878061.222.79$79,801
Feb 201866152361.782.77$42,283
Jan 20181,05439762.874.01$67,857
Dec 20171,01967957.272.92$60,342
Nov 201757054355.423.12$33,283
Oct 20171,21850949.292.98$61,554
Sep 201787462447.523.09$43,459
Aug 201775972745.373.00$36,620
Jul 201798457843.873.09$44,953
Jun 201774244042.493.09$32,886
May 201724023245.373.26$11,646
Apr 201775447847.933.21$37,674
Mar 201749152646.772.98$24,533
Feb 201762740450.452.95$32,825
Jan 201788938949.413.42$45,255
Dec 201652340148.763.72$26,994
Nov 201640255042.492.64$18,535
Oct 20162688746.193.09$12,648
Sep 201664360941.553.10$28,605
Aug 201682397541.442.92$36,956
Jul 201681592241.622.92$36,617
Jun 201656088045.352.69$27,760
May 201655995242.521.99$25,664
Apr 201654174736.561.99$21,266
Mar 2016018233.011.79$327
Feb 2016142026.472.06$3,759
Jan 201674468927.352.36$21,977
Dec 201579586432.362.00$27,455
Nov 20156151,18038.792.17$26,413
Oct 201577069143.552.43$35,210
Sep 20157641,27442.992.76$36,359
Aug 20155211,05140.162.87$23,942
Jul 20157631,39348.152.95$40,841
Jun 20157071,09156.152.88$42,843
May 2015725055.212.96$40,027
Apr 20158091,30049.822.71$43,823
Mar 20159881,14342.892.93$45,730
Feb 201535193144.662.98$18,446
Jan 20151,0671,22143.433.10$50,126
Dec 20145591,13254.693.59$34,637
Nov 20148631,06270.464.25$65,322
Oct 201452093078.303.90$44,344
Sep 201451184386.164.05$47,438
Aug 201448579589.394.04$46,562
Jul 201486088696.564.18$86,745
Jun 201469593698.164.74$72,655
May 201455568494.734.73$55,808
Apr 201452048195.944.81$52,202
Mar 201459546595.895.06$59,406
Feb 201433730897.406.19$34,731
Jan 201442634990.404.86$40,207
Dec 201364879291.824.35$62,948
Nov 201350763588.853.74$47,421
Oct 20137292,53897.423.78$80,611
Sep 20133641,800104.113.72$44,588
Aug 20131,0713,424104.253.52$123,713
Jul 20138473,525102.523.72$99,939
Jun 20131,0393,21194.403.93$110,712
May 20136352,26094.834.15$69,594
Apr 201366594593.964.28$66,530
Mar 201361265993.623.91$59,874
Feb 20134941,35791.233.42$49,708
Jan 201351143291.603.42$48,285
Dec 201239040586.773.42$35,225
Nov 201264753286.953.62$58,185
Oct 20128081,06489.383.40$75,836
Sep 201271333194.672.92$68,466
Aug 201264574692.662.91$61,935
Jul 20126481,08985.133.02$58,454
Jun 201264967079.822.52$53,491
May 201279088591.612.49$74,574
Apr 2012790749101.652.00$81,799
Mar 2012732901105.052.22$78,899
Feb 20121,026918101.102.57$106,088
Jan 20121,26299598.092.73$126,510
Dec 20116751,19296.873.24$69,249
Nov 201181885795.723.31$81,137
Oct 20111,01699684.983.65$89,974
Sep 201192193483.623.99$80,737
Aug 20118231,04383.404.15$72,966
Jul 20119811,21294.144.52$97,826
Jun 20111,0641,32692.904.64$104,998
May 20119131,34098.134.40$95,495
Apr 2011900631105.964.33$98,098
Mar 20119321,45796.364.06$95,719
Feb 201191295785.644.18$82,104
Jan 20117551,42786.504.59$71,856
Dec 20109261,23585.734.35$84,755
Nov 20109191,07280.843.80$78,361
Oct 20101,0581,16778.103.51$86,725
Sep 20108401,23772.633.98$65,932
Aug 20101,0031,47573.684.42$80,420
Jul 20101,0411,43172.554.74$82,302
Jun 20107811,49670.364.91$62,297
May 20101,0511,51571.124.24$81,163
Apr 20101,0421,55281.694.12$91,519
Mar 20101,0521,56578.394.39$89,335
Feb 20107831,33773.585.44$64,890
Jan 20101,0511,39474.365.96$86,466
Dec 20091,2081,36771.445.48$93,796
Nov 20091,0971,67274.593.75$88,098
Oct 20091,1291,71072.544.11$88,926
Sep 20091,1161,54665.543.06$77,881
Aug 20091,3851,61067.423.22$98,558
Jul 20098411,12661.133.46$55,311
Jun 20091,1411,46966.163.90$81,210
May 20091,1661,11254.743.93$68,192
Apr 20091,2011,31246.773.59$60,878
Mar 20091,15091242.144.06$52,163
Feb 20091,1511,20032.814.63$43,324
Jan 20091,18649035.865.37$45,162
Dec 20081,1621,33637.105.98$51,096
Nov 20089871,25655.496.86$63,385
Oct 20081,0371,05175.246.92$85,299
Sep 2008619615101.767.88$67,834
Aug 20088151,046114.228.48$101,963
Jul 20086071,100131.0811.39$92,094
Jun 2008659762131.3313.03$96,477
May 2008788943123.1711.57$107,973
Apr 20087291,006110.3110.45$90,934
Mar 20086781,033101.909.66$79,071
Feb 20086391,21992.538.77$69,818
Jan 20085201,27190.388.21$57,427
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 2007113082.856.92$9,362
Sep 200768886775.846.24$57,592
Aug 200750792369.066.39$40,909
Jul 200766377970.906.39$51,983
Jun 200767984862.007.55$48,499
May 200770784458.747.85$48,151
Apr 200736854959.617.81$26,222
Mar 200778572256.927.30$49,954
Feb 200776465655.108.22$47,486
Jan 200775964650.306.73$42,523
Dec 200677278056.656.92$49,130
Nov 20061,04755054.207.62$60,937
Oct 20061,1571,31954.906.01$71,452
Sep 20068621,46260.085.04$59,153
Aug 20067861,04868.717.34$61,698
Jul 20067601,00069.376.34$59,064
Jun 200691261566.286.38$64,373
May 200681958466.016.42$57,814
Apr 20068231,14764.397.36$61,435
Mar 20069661,12256.707.08$62,719
Feb 200682089457.597.75$54,153
Jan 20061,0771,19960.598.93$75,966
Dec 20058991,09354.9413.42$64,054
Nov 200590898254.6910.59$60,056
Oct 20059081,19358.3413.80$69,431
Sep 200585389661.4512.08$63,240
Aug 20058021,17761.519.80$60,862
Jul 20051,1361,43855.697.84$74,543
Jun 20057961,38952.337.38$51,907
May 20059421,31645.226.65$51,350
Apr 200553588649.207.36$32,843
Mar 2005169050.377.15$8,513
Feb 200567684045.226.31$35,871
Jan 20058071,12043.166.32$41,911
Dec 20041,02199239.866.75$47,394
Nov 200471399945.286.33$38,609
Oct 20049921,01849.706.52$55,935
Sep 200495095543.245.28$46,124
Aug 200478692442.375.55$38,432
Jul 20047751,04238.286.08$36,007
Jun 200469691736.106.43$31,025
May 200487289537.486.49$38,495
Apr 20049071,09934.475.86$37,703
Mar 20041,7231,80134.365.53$69,162
Feb 20041,5331,59632.455.51$58,539
Jan 20049581,06632.036.30$37,400
Dec 200392496330.266.30$34,029
Nov 200392196428.804.60$30,955
Oct 200387498228.174.76$29,295
Sep 200372178026.314.75$22,674
Aug 200373994629.765.13$26,845
Jul 200376390929.415.17$27,140
Jun 20039561,05528.565.98$33,615
May 20031,4091,68026.595.97$47,499
Apr 20031,1911,31626.675.41$38,880
Mar 20039291,08831.146.10$35,562
Feb 200394197233.487.93$39,209
Jan 20038611,00230.315.58$31,690
Dec 20021,00197626.914.85$31,674
Nov 200287896124.664.14$25,627
Oct 200283099826.464.23$26,182
Sep 200259757927.443.64$18,486
Aug 20029961,05425.963.16$29,191
Jul 20029131,16924.583.06$26,021
Jun 20028231,24223.733.34$23,676
May 20021,0921,26224.663.58$31,452
Apr 20029771,24323.653.51$27,472
Mar 20029171,15622.003.10$23,761
Feb 200271396018.222.38$15,272
Jan 20028671,04417.172.38$17,367
Dec 20019471,01216.932.36$18,425
Nov 20019681,12918.072.41$20,208
Oct 20011,0111,36619.782.53$23,452
Sep 20018871,24624.262.25$24,324
Aug 20018971,46824.873.05$26,790
Jul 200147985223.933.20$14,186
Jun 20018431,41824.563.82$26,127
May 20019851,62125.524.31$32,119
Apr 20019381,63724.685.34$31,884
Mar 20011,0041,69324.545.38$33,740
Feb 20018751,51027.755.77$32,990
Jan 20019081,70427.478.40$39,254
Dec 20009281,55826.889.12$39,158
Nov 20008121,36132.215.66$33,855
Oct 20008641,48231.235.15$34,608
Sep 20009061,71031.875.19$37,743
Aug 20009181,41529.644.54$33,635
Jul 20009471,62828.534.09$33,676
Jun 20007051,62529.304.40$27,802
May 20009171,26727.263.68$29,660
Apr 20008441,74024.513.12$26,108
Mar 20001,15963528.422.86$34,755
Feb 20001,2105627.622.73$33,573
Jan 20001,39126525.272.48$35,808
Dec 19991,3512,09524.282.42$37,880
Nov 19991,3931,99623.192.43$37,162
Oct 19991,5092,24520.982.80$37,953
Sep 19991,5152,13021.752.62$38,529
Aug 19991,3902,28819.262.88$33,351
Jul 19991,8072,43917.892.37$38,113
Jun 19991,77882815.942.36$30,297
May 19991,9562,75415.792.32$37,277
Apr 19991,8902,44615.102.21$33,940
Mar 19991,4151,81512.471.84$20,982
Feb 19998791,3509.981.82$11,226
Jan 19991,0131,46910.381.90$13,306
Dec 19988421,2839.201.77$10,022
Nov 19981,0321,50610.892.19$14,530
Oct 19981,2031,51012.421.97$17,915
Sep 19988811,17512.592.08$13,539
Aug 19988961,08611.301.91$12,196
Jul 19989611,03511.742.24$13,598
Jun 199890081411.242.24$11,937
May 199882176412.622.21$12,047
Apr 199891475913.042.51$13,820
Mar 19981,00290312.802.31$14,911
Feb 199888786513.952.30$14,362
Jan 19988851,00214.702.15$15,169
Dec 199771394216.322.41$13,907
Nov 199789598118.193.09$19,310
Oct 19971,0021,05319.253.15$22,605
Sep 199785378417.742.95$17,449
Aug 199783473517.862.55$16,773
Jul 199798395817.582.25$19,434
Jun 19971,02299617.242.26$19,867
May 19979881,01618.972.31$21,088
Apr 199793891317.882.08$18,673
Mar 199795488018.951.94$19,785
Feb 199781875120.492.21$18,417
Jan 199791392423.483.54$24,708
Dec 199695097923.32$22,154
Nov 19969421,05721.97$20,696
Oct 19969601,17823.31$22,378
Sep 19961,1031,25922.22$24,509
Aug 19969681,17120.26$19,612
Jul 19961,0091,17719.55$19,726
Jun 19969651,05318.73$18,074
May 19961,0861,19919.43$21,101
Apr 19968191,08821.51$17,617
Mar 19961,05592219.38$20,446
Feb 199685577516.98$14,518
Jan 19961,18588117.07$20,228
Dec 19951,15282517.19$19,803
Nov 19951,17388016.00$18,768
Oct 199586238715.43$13,301
Sep 199537717316.18$6,100
Aug 199561368315.92$9,759
Jul 19951,0121,63115.24$15,423
Jun 19951,0211,65216.41$16,755
May 199573180817.56$12,836
Apr 19951,02799117.73$18,209
Mar 19951,3161,90516.44$21,635
Feb 19951,3861,14216.58$22,980
Jan 19951,4331,55715.92$22,813
Dec 19941,8311,40815.03$27,520
Nov 19941,8691,47315.90$29,717
Oct 19941,8301,53515.58$28,511
Sep 19941,3601,60815.29$20,794
Aug 19941,7451,76416.13$28,147
Jul 19941,2421,46717.56$21,810
Jun 19941,5771,60117.09$26,951
May 19941,8312,14815.88$29,076
Apr 19941,6661,60314.14$23,557
Mar 19941,6281,47212.46$20,285
Feb 19941,6351,51912.50$20,438
Jan 19941,7961,70812.66$22,737
Dec 19931,7861,57012.33$22,021
Nov 19931,8301,48314.49$26,517
Oct 19931,5511,52115.85$24,583
Sep 19931,8621,58015.03$27,986
Aug 19931,8111,80215.66$28,360
Jul 19931,6701,70115.46$25,818
Jun 19931,9801,34816.79$33,244
May 19931,9291,75817.68$34,105
Apr 19931,9211,84818.05$34,674
Mar 19931,9962,38918.14$36,207
Feb 19931,6122,05617.90$28,855
Jan 19932,2783,08116.93$38,567

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.

Dec 2019 — as filed, then multipliedworked
Oil                  117 bbl  × $ 59.01 =     $6,904
Casinghead gas         0 Mcf  × $  2.30 =         $0

────────────────────────────────────────────────────
Month total                                   $6,904

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/4869 is the state's own key, not one this site invented.