BUM -A-

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the GOLDSMITH (5600) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 8387District 08Field 35652868Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$1.8 M
Jan 1993 – Oct 2007
Value, last 12 filed months
$0
at the published price for each month
Months reported
178
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 157 leases and 1,575 wells, and the rule below applies to all of them.

Discovered
1947-10-26
as the register files it
Field class
Oil and gas
the register's own label
Between wells
850 ft
minimum
From a lease line
555 ft
minimum

A drilling unit in this field needs at least 20 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.

The Commission's schedule remark for this field reads: INTO THE GOLDSMITH (CLEAR FORK) FIELD.

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
NGPA8none

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
OilDisposition22,326 bbl$538,906
Casinghead gasProduction452,591 Mcf$1,283,516
Total$1,822,422

155,018 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 (6)

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 32.0943, -102.7254. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

32.09526, -102.72583 · 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%
6 of 6 wells
With a plug date
66.7%
4 of 6 wells
Median depth
5,925 ft
5 wells filed one
Completion to plug
23 months
median over 2 wells

What the state filed about each well

On the RRC proration schedule
6100.0%
A plug date is filed
466.7%
BothOn the schedule and plugged. Neither fact cancels the other.
466.7%
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 5,600 and 6,340 ft, median 5,925 ft, over the 5 wells that filed a depth.

Completions filed
Jul 2015 – Jul 2024
2 of 6 wells; 4 filed none
Plug dates filed
Aug 2017 – Apr 2026
4 of 6 wells; 2 filed none

Last completion to plug: a median of 23 months across the 2 wells that filed both dates, with the middle half between 22 months and 2.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells

42-0030449216,340 ftYes
42-0030449435,600 ftApr 2026Yes
42-0030449545,925 ftApr 2026Yes
42-003044965Yes
42-0030449766,300 ftJul 2024Apr 2026Yes
42-0030449325,890 ftJul 2015Aug 2017Yes

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 (178)

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

178 months

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 20063241,84754.906.01$28,895
Sep 200603,28460.085.04$16,542
Aug 20061324,60768.717.34$42,885
Jul 20061563,11369.376.34$30,567
Jun 20061352,64166.286.38$25,808
May 20061352,02966.016.42$21,948
Apr 200601,65764.397.36$12,196
Mar 20061281,89356.707.08$20,666
Feb 2006672,00157.597.75$19,369
Jan 20061472,22260.598.93$28,757
Dec 2005772,70954.9413.42$40,573
Nov 2005921,87854.6910.59$24,917
Oct 2005562,04858.3413.80$31,521
Sep 200501,69561.4512.08$20,474
Aug 20051081,83061.519.80$24,571
Jul 20051381,88555.697.84$22,470
Jun 2005761,98652.337.38$18,636
May 2005682,32145.226.65$18,512
Apr 20051832,28249.207.36$25,800
Mar 2005572,33150.377.15$19,549
Feb 20051052,10845.226.31$18,054
Jan 2005922,38243.166.32$19,030
Dec 20041302,19539.866.75$20,000
Nov 20041042,03745.286.33$17,604
Oct 20047982849.706.52$9,321
Sep 2004801,94243.245.28$13,721
Aug 20041211,76642.375.55$14,929
Jul 2004791,30938.286.08$10,988
Jun 20041451,31136.106.43$13,668
May 20041241,99137.486.49$17,578
Apr 200401,70434.475.86$9,983
Mar 2004912,05734.365.53$14,502
Feb 200401,86932.455.51$10,297
Jan 20041522,05532.036.30$17,814
Dec 20031842,23430.266.30$19,646
Nov 200302,36628.804.60$10,872
Oct 20031662,13028.174.76$14,814
Sep 200302,26326.314.75$10,748
Aug 200302,25029.765.13$11,542
Jul 2003872,13829.415.17$13,614
Jun 20031661,99828.565.98$16,695
May 200302,09826.595.97$12,531
Apr 200301,76326.675.41$9,533
Mar 20031792,00031.146.10$17,766
Feb 200301,90233.487.93$15,075
Jan 200301,89130.315.58$10,556
Dec 200202,23426.914.85$10,843
Nov 20021782,27724.664.14$13,809
Oct 20021732,35426.464.23$14,533
Sep 20021702,47227.443.64$13,651
Aug 200202,21425.963.16$7,005
Jul 20021822,52124.583.06$12,192
Jun 2002902,48923.733.34$10,445
May 20021862,52024.663.58$13,618
Apr 20021812,44223.653.51$12,858
Mar 2002892,30022.003.10$9,094
Feb 2002892,32918.222.38$7,155
Jan 20021792,64717.172.38$9,362
Dec 2001932,58116.932.36$7,677
Nov 20011882,46118.072.41$9,317
Oct 20011602,56219.782.53$9,644
Sep 200101,65824.262.25$3,733
Aug 20011332,08924.873.05$9,686
Jul 20011452,42823.933.20$11,232
Jun 20011842,39624.563.82$13,682
May 200102,78625.524.31$12,000
Apr 20011842,45724.685.34$17,650
Mar 20011682,01324.545.38$14,945
Feb 200102,48127.755.77$14,308
Jan 20011682,91227.478.40$29,072
Dec 20001782,30826.889.12$25,839
Nov 20002142,54532.215.66$21,293
Oct 200002,15331.235.15$11,078
Sep 20002001,77731.875.19$15,590
Aug 200003,09829.644.54$14,067
Jul 20001542,78728.534.09$15,792
Jun 20001142,57929.304.40$14,681
May 20001042,51427.263.68$12,086
Apr 200002,39624.513.12$7,466
Mar 20002271,77028.422.86$11,513
Feb 20002842,43627.622.73$14,486
Jan 20002752,79525.272.48$13,882
Dec 199902,90724.282.42$7,046
Nov 19992732,88623.192.43$13,355
Oct 199923,02620.982.80$8,526
Sep 19992782,98021.752.62$13,851
Aug 199923,30519.262.88$9,542
Jul 19992632,81317.892.37$11,379
Jun 199942,62915.942.36$6,274
May 19992953,29915.792.32$12,315
Apr 199922,94415.102.21$6,531
Mar 19992722,56212.471.84$8,102
Feb 199902,4769.981.82$4,501
Jan 19992512,77310.381.90$7,874
Dec 199812,7659.201.77$4,912
Nov 19982472,82110.892.19$8,856
Oct 19982393,54712.421.97$9,953
Sep 199833,08612.592.08$6,465
Aug 19982433,66211.301.91$9,731
Jul 19982443,38211.742.24$10,431
Jun 19982422,99911.242.24$9,430
May 199853,62212.622.21$8,054
Apr 19982273,08213.042.51$10,682
Mar 19982212,55212.802.31$8,722
Feb 19982262,65213.952.30$9,250
Jan 19982623,83714.702.15$12,119
Dec 19972273,89516.322.41$13,096
Nov 199733,06018.193.09$9,505
Oct 19972462,02319.253.15$11,108
Sep 199732,96617.742.95$8,817
Aug 19972453,52217.862.55$13,373
Jul 199743,66917.582.25$8,314
Jun 19972283,64017.242.26$12,147
May 19972493,75418.972.31$13,390
Apr 19972893,61017.882.08$12,686
Mar 199703,79318.951.94$7,355
Feb 19972763,57720.492.21$13,546
Jan 19972223,83023.483.54$18,770
Dec 19962293,38823.32$5,340
Nov 19962152,15021.97$4,724
Oct 199603,22423.31$0
Sep 19962063,82022.22$4,577
Aug 19961733,75420.26$3,505
Jul 199603,55619.55$0
Jun 19961992,77318.73$3,727
May 19961803,18519.43$3,497
Apr 19961843,20521.51$3,958
Mar 19962043,29719.38$3,954
Feb 19962063,01316.98$3,498
Jan 199613,10217.07$17
Dec 19952292,98517.19$3,937
Nov 19952423,37416.00$3,872
Oct 19952173,25115.43$3,348
Sep 19951953,12116.18$3,155
Aug 199503,08715.92$0
Jul 19951714,34315.24$2,606
Jun 19951753,20416.41$2,872
May 1995853,87217.56$1,493
Apr 19951563,44017.73$2,766
Mar 19951311,86016.44$2,154
Feb 19951671,54316.58$2,769
Jan 19951891,26115.92$3,009
Dec 199401,62015.03$0
Nov 19942071,64215.90$3,291
Oct 19942013,48915.58$3,132
Sep 19942013,98115.29$3,073
Aug 199414,11716.13$16
Jul 19942974,39117.56$5,215
Jun 19941954,69817.09$3,333
May 19941972,86215.88$3,128
Apr 19941823,32114.14$2,573
Mar 19941674,22112.46$2,081
Feb 199402,48412.50$0
Jan 19941512,60212.66$1,912
Dec 19931523,35312.33$1,874
Nov 19931503,59714.49$2,174
Oct 19931543,40715.85$2,441
Sep 19931643,69115.03$2,465
Aug 19932143,49115.66$3,351
Jul 199303,65215.46$0
Jun 19932553,63316.79$4,281
May 19932503,59117.68$4,420
Apr 19932423,20218.05$4,368
Mar 19932283,64818.14$4,136
Feb 19931923,34517.90$3,437
Jan 19931253,17216.93$2,116

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.

Oct 2006 — as filed, then multipliedworked
Oil                  324 bbl  × $ 54.90 =    $17,788
Casinghead gas     1,847 Mcf  × $  6.01 =    $11,107

────────────────────────────────────────────────────
Month total                                  $28,895

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/8387 is the state's own key, not one this site invented.