LOCKHART, S. L. -B-

Operated by PLATINUM EXPLORATION INC. (P-5 667939) in the VEALMOOR field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7090District 08Field 93308001OilCasinghead gasSaveExport
Value, all time
$473 k
Jan 1993 – Jun 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
186
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 47 leases and 105 wells, and the rule below applies to all of them.

Discovered
1948-12-31
as the register files it
Field class
Oil
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 40 acres. The field rule took effect on 2013-04-09.

The Commission's schedule remark for this field reads: LEASE LINES AND NO BETWEEN WELL SPACING,ADDED DIAGONAL.

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
OilDisposition26,115 bbl$444,943
Casinghead gasProduction39,497 Mcf$28,148
Total$473,091

27,441 Mcf of this lease's gas, across 46 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 (3)

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 32.5177, -101.5099. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.51745, -101.51049 · 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%
3 of 3 wells
With a plug date
100.0%
3 of 3 wells
Median depth
7,913 ft
3 wells filed one
Completion to plug
1 well filed both, dated out of order

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
3100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
3100.0%
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 7,866 and 9,333 ft, median 7,913 ft, over the 3 wells that filed a depth.

Completions filed
Feb 2012
1 of 3 wells; 2 filed none
Plug dates filed
Apr 1986 – Mar 2006
3 of 3 wells

Last completion to plug: no median is published. 1 well on this lease filed both dates, and on that one the last completion is dated after the plug date, so there is no interval to take a median of. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-2270301927,866 ftApr 1986Yes
42-2270302037,913 ftMar 2006Yes
42-2270302149,333 ftFeb 2012Jul 2005Yes

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 (186)

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

186 months

Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 2005508054.6910.59$27,783
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 1999550015.792.32$8,685
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 1999046110.381.90$876
Dec 19983652919.201.77$3,874
Nov 199836554010.892.19$5,155
Oct 199836854612.421.97$5,646
Sep 1998051612.592.08$1,075
Aug 199836153611.301.91$5,102
Jul 199832056011.742.24$5,010
Jun 1998147311.242.24$1,069
May 1998153412.622.21$1,191
Apr 199827350413.042.51$4,823
Mar 199826434912.802.31$4,185
Feb 199839050013.952.30$6,590
Jan 199845857214.702.15$7,965
Dec 199746375216.322.41$9,369
Nov 1997063218.193.09$1,952
Oct 199748869319.253.15$11,577
Sep 199746242617.742.95$9,455
Aug 1997039717.862.55$1,014
Jul 199701017.582.25$22
Jun 199738426217.242.26$7,212
May 199745168718.972.31$10,141
Apr 1997043217.882.08$900
Mar 199746555318.951.94$9,884
Feb 199746665020.492.21$10,982
Jan 1997018023.483.54$637
Dec 199646462123.32$10,820
Nov 199644759721.97$9,821
Oct 1996017123.31$0
Sep 19960022.22$0
Aug 1996023120.26$0
Jul 199645970219.55$8,973
Jun 199644487118.73$8,316
May 199646773619.43$9,074
Apr 199632118421.51$6,905
Mar 1996160919.38$19
Feb 199646034916.98$7,811
Jan 1996015517.07$0
Dec 1995039417.19$0
Nov 19950816.00$0
Oct 199545944315.43$7,082
Sep 1995124016.18$16
Aug 1995131415.92$16
Jul 1995023015.24$0
Jun 1995018816.41$0
May 199509817.56$0
Apr 199509517.73$0
Mar 199547827816.44$7,858
Feb 1995044516.58$0
Jan 199548355515.92$7,689
Dec 199496187915.03$14,444
Nov 19949461,32315.90$15,041
Oct 19941,4171,57315.58$22,077
Sep 199447998415.29$7,324
Aug 19941,4392,77116.13$23,211
Jul 19949512,25417.56$16,700
Jun 19941,7112,19617.09$29,241
May 1994235015.88$3,732
Apr 1994012514.14$0
Mar 199442336712.46$5,271
Feb 199443629212.50$5,450
Jan 199427241112.66$3,444
Dec 199335812712.33$4,414
Nov 199334131314.49$4,941
Oct 199344334015.85$7,022
Sep 199341835915.03$6,283
Aug 199345734315.66$7,157
Jul 199344474815.46$6,864
Jun 199339280916.79$6,582
May 199341364917.68$7,302
Apr 199346449818.05$8,375
Mar 199334959718.14$6,331
Feb 199346343117.90$8,288
Jan 199341553816.93$7,026

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 2005 — as filed, then multipliedworked
Oil                  508 bbl  × $ 54.69 =    $27,783
Casinghead gas         0 Mcf  × $ 10.59 =         $0

────────────────────────────────────────────────────
Month total                                  $27,783

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/7090 is the state's own key, not one this site invented.