LOVE, E. W.

Operated by FINLEY RESOURCES, INC. (P-5 268602) 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 7092District 08Field 93308001OilCasinghead gasSaveExport
Value, all time
$7.9 M
Jan 1993 – Nov 2013
Value, last 12 filed months
$0
at the published price for each month
Months reported
251
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
OilDisposition208,212 bbl$6,238,885
Casinghead gasProduction426,340 Mcf$1,654,898
Total$7,893,783

98,497 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 (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 32.5102, -101.5085. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.51037, -101.50845 · 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%
4 of 4 wells
With a plug date
100.0%
4 of 4 wells
Median depth
7,918 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
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 7,893 and 7,942 ft, median 7,918 ft, over the 4 wells that filed a depth.

Plug dates filed
Jul 1984 – Oct 2012
4 of 4 wells

4 wells

42-2270302917,893 ftOct 2012Yes
42-2270303027,923 ftJul 1984Yes
42-2270303137,942 ftFeb 2006Yes
42-2270303247,912 ftDec 2007Yes

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 (251)

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

251 months

Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 200951066.163.90$3,374
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 2008141075.246.92$10,609
Sep 20086981,204101.767.88$80,513
Aug 20081,2092,731114.228.48$161,259
Jul 20081,2052,841131.0811.39$190,309
Jun 20081,0162,514131.3313.03$166,195
May 20081,0182,721123.1711.57$156,881
Apr 20088781,569110.3110.45$113,256
Mar 20081,0362,488101.909.66$129,613
Feb 20081,2482,71492.538.77$139,281
Jan 20081,5572,70290.388.21$162,894
Dec 20077131,84588.337.30$76,451
Nov 200707691.677.29$554
Oct 2007257082.856.92$21,292
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 20071,7652,51559.617.81$124,842
Mar 20071,421056.927.30$80,883
Feb 20071,081055.108.22$59,563
Jan 20071,424050.306.73$71,627
Dec 20061,599056.656.92$90,583
Nov 2006875054.207.62$47,425
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 20063245266.016.42$21,721
Apr 20060064.397.36$0
Mar 2006729056.707.08$41,334
Feb 20060057.597.75$0
Jan 20063412,88860.598.93$46,461
Dec 20058942,33854.9413.42$80,482
Nov 20051,6473,55254.6910.59$127,684
Oct 20051,2623,63058.3413.80$123,704
Sep 20059002,44061.4512.08$84,778
Aug 20051,4613,82761.519.80$127,359
Jul 20057312,36155.697.84$59,228
Jun 200571965352.337.38$42,445
May 20059103,36345.226.65$63,518
Apr 20051,8083,43449.207.36$114,229
Mar 20051,7783,56250.377.15$115,044
Feb 20058933,26145.226.31$60,965
Jan 20051,8063,61643.166.32$100,808
Dec 20041,4693,37239.866.75$81,319
Nov 20041,4473,37245.286.33$86,866
Oct 20042,0093,82049.706.52$124,735
Sep 20041,0763,41943.245.28$64,592
Aug 20047262,87442.375.55$46,713
Jul 20041,4593,24038.286.08$75,563
Jun 20041,4692,39436.106.43$68,432
May 20049152,27837.486.49$49,089
Apr 20041,2903,30134.475.86$63,805
Mar 20041,4593,29134.365.53$68,331
Feb 20041,1093,04532.455.51$52,764
Jan 20041,2903,40332.036.30$62,756
Dec 20031,6333,51430.266.30$71,559
Nov 20031,2863,37128.804.60$52,527
Oct 20031,8093,44428.174.76$67,352
Sep 20031,6323,43026.314.75$59,228
Aug 20031,0783,45429.765.13$49,799
Jul 20031,8283,71629.415.17$72,976
Jun 20031,4563,80528.565.98$64,349
May 20031,4593,54226.595.97$59,950
Apr 20031,8243,54226.675.41$67,799
Mar 20031,4723,69531.146.10$68,363
Feb 20031,4763,30333.487.93$75,596
Jan 20031,8303,74030.315.58$76,344
Dec 20021,4773,93326.914.85$58,836
Nov 20021,8393,66524.664.14$60,512
Oct 20021,2964,03126.464.23$51,340
Sep 20021,8244,13127.443.64$65,068
Aug 20021,4654,06425.963.16$50,891
Jul 200254960724.583.06$15,353
Jun 20021,8363,88723.733.34$56,544
May 20021,4353,68324.663.58$48,587
Apr 20021,7973,78623.653.51$55,797
Mar 20021,6433,95522.003.10$48,417
Feb 20021,8593,53218.222.38$42,262
Jan 20021,6654,01817.172.38$38,134
Dec 20012,4063,43416.932.36$48,853
Nov 200102,07318.072.41$4,987
Oct 20011,7933,68219.782.53$44,777
Sep 20011,6684,23224.262.25$49,993
Aug 20012,0084,27924.873.05$63,003
Jul 20011,8014,34423.933.20$56,986
Jun 20011,7344,24124.563.82$58,805
May 20011,8783,66825.524.31$63,726
Apr 20011,8954,43024.685.34$70,404
Mar 20011,8764,22724.545.38$68,763
Feb 20011,8924,29627.755.77$77,278
Jan 20012,5045,29127.478.40$113,223
Dec 20009012,19526.889.12$44,243
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 2000046128.534.09$1,885
Jun 2000031429.304.40$1,381
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 19999441,56423.192.43$25,698
Oct 19991,4102,91720.982.80$37,760
Sep 19999471,74421.752.62$25,165
Aug 19990019.262.88$0
Jul 199946493117.892.37$10,510
Jun 19991,3031,95815.942.36$25,395
May 19991,4182,34615.792.32$27,835
Apr 19999312,48415.102.21$19,543
Mar 19991,4172,66512.471.84$22,569
Feb 19999212,2819.981.82$13,338
Jan 19991,8372,91810.381.90$24,612
Dec 19989572,0289.201.77$12,401
Nov 19989342,67010.892.19$16,007
Oct 19981,7852,86912.421.97$27,819
Sep 19981,3872,81812.592.08$23,331
Aug 19981,4032,96511.301.91$21,509
Jul 19981,3973,47411.742.24$24,173
Jun 19989331,99411.242.24$14,948
May 19981,3172,08512.622.21$21,221
Apr 19981,3552,85813.042.51$24,829
Mar 19981,3762,61112.802.31$23,643
Feb 19981,4302,44513.952.30$25,570
Jan 19981,4302,74114.702.15$26,927
Dec 19971,3982,57716.322.41$29,029
Nov 1997946018.193.09$17,208
Oct 19971,4272,58819.253.15$35,621
Sep 19971,4082,94917.742.95$33,692
Aug 19979433,01617.862.55$24,547
Jul 19971,7932,65817.582.25$37,493
Jun 19979282,86317.242.26$22,461
May 19971,4043,02118.972.31$33,608
Apr 19971,3313,25517.882.08$30,578
Mar 19971,4024,24218.951.94$34,794
Feb 19971,4393,52820.492.21$37,268
Jan 19971,4294,05923.483.54$47,921
Dec 19961,8855,26523.32$43,958
Nov 19964811,11321.97$10,568
Oct 19969461,44223.31$22,051
Sep 19969433,07222.22$20,953
Aug 19961,4102,81120.26$28,567
Jul 19961,3663,44019.55$26,705
Jun 19969233,77318.73$17,288
May 19961,7853,55019.43$34,683
Apr 19969133,33521.51$19,639
Mar 19961,4333,82219.38$27,772
Feb 19961,8734,00316.98$31,804
Jan 19964791,68117.07$8,177
Dec 19951,4322,70117.19$24,616
Nov 19951,9002,87916.00$30,400
Oct 19959522,85215.43$14,689
Sep 19951,8693,14116.18$30,240
Aug 19951,8213,45715.92$28,990
Jul 19959221,75115.24$14,051
Jun 19951,3122,58116.41$21,530
May 19951,4032,32817.56$24,637
Apr 19951,4212,70517.73$25,194
Mar 19951,8803,17016.44$30,907
Feb 19951,9003,09016.58$31,502
Jan 19951,9113,54915.92$30,423
Dec 19942,0954,19815.03$31,488
Nov 19940015.90$0
Oct 19940015.58$0
Sep 1994323415.29$4,939
Aug 1994120016.13$16
Jul 199446415117.56$8,148
Jun 19941,3982,62117.09$23,892
May 19941,3844,23215.88$21,978
Apr 199492346314.14$13,051
Mar 19949561,14612.46$11,912
Feb 19949591,07912.50$11,988
Jan 19946771,24412.66$8,571
Dec 199387286112.33$10,752
Nov 199396362814.49$13,954
Oct 199394358915.85$14,947
Sep 199394834715.03$14,248
Aug 199392685415.66$14,501
Jul 19939411,10515.46$14,548
Jun 19931,1561,26116.79$19,409
May 19939351,40117.68$16,531
Apr 19931,2331,45018.05$22,256
Mar 19939501,44318.14$17,233
Feb 199348253717.90$8,628
Jan 19931,4421,17216.93$24,413

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.

Jun 2009 — as filed, then multipliedworked
Oil                   51 bbl  × $ 66.16 =     $3,374
Casinghead gas         0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                   $3,374

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/7092 is the state's own key, not one this site invented.