CRAFT-WATERBOARD UNIT 7

Operated by MERIT ENERGY COMPANY (P-5 561136) in the BOONSVILLE (BEND CONGL., GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 100868District 09Field 10574520NGPA filingCondensateGasSaveExport
Value, all time
$391 k
Jan 1993 – Sep 2004
Value, last 12 filed months
$931
at the published price for each month
Months reported
141
no gaps in the span
Streams
2
condensate, 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 3,438 leases and 3,443 wells, and the rule below applies to all of them.

Discovered
1945-05-01
as the register files it
Field class
Oil and gas
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 80 acres. The field rule took effect on 1991-06-10.

The Commission's schedule remark for this field reads: AMOUNT HAD BEEN CALCULATED FOR 5/1/97.

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
NGPA2none

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
CondensateDisposition942 bbl$16,698
GasProduction285,851 Mcf$373,807
Total$390,505

153,915 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 (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 33.1688, -97.8589. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.16880, -97.85886 · 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
100.0%
1 of 1 wells
Median depth
6,088 ft
1 wells filed one
Completion to plug
20.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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 6,088 ft.

Completions filed
Jul 1982
1 of 1 wells
Plug dates filed
Apr 2003
1 of 1 wells

Last completion to plug: a median of 20.8 years across the 1 well that filed both dates, with the middle half between 20.8 years and 20.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4973238926,088 ftJul 1982Apr 2003Yes

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 (141)

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

141 months

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 200427034.475.86$931
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 200209118.222.38$216
Jan 200209317.172.38$221
Dec 200101,15116.932.36$2,721
Nov 2001034218.072.41$823
Oct 2001071719.782.53$1,813
Sep 2001080124.262.25$1,803
Aug 2001096124.873.05$2,934
Jul 200101,06323.933.20$3,399
Jun 200101,10624.563.82$4,230
May 200101,11725.524.31$4,811
Apr 200101,22024.685.34$6,509
Mar 200101,11824.545.38$6,011
Feb 200101,02827.755.77$5,929
Jan 200101,23127.478.40$10,339
Dec 200001,33226.889.12$12,151
Nov 200001,31332.215.66$7,429
Oct 200001,41231.235.15$7,265
Sep 200001,44431.875.19$7,489
Aug 200001,67129.644.54$7,588
Jul 200001,78628.534.09$7,304
Jun 200002,43529.304.40$10,707
May 200001,96527.263.68$7,231
Apr 20001361,87524.513.12$9,176
Mar 200002,27228.422.86$6,497
Feb 200002,08527.622.73$5,685
Jan 200002,43025.272.48$6,028
Dec 199902,32324.282.42$5,630
Nov 199902,42623.192.43$5,905
Oct 199902,68020.982.80$7,514
Sep 199902,62621.752.62$6,877
Aug 199902,88619.262.88$8,299
Jul 199902,69617.892.37$6,396
Jun 199902,56915.942.36$6,068
May 199902,77715.792.32$6,445
Apr 199902,46415.102.21$5,441
Mar 199902,29412.471.84$4,217
Feb 199902,3859.981.82$4,335
Jan 199902,53110.381.90$4,809
Dec 19981542,4199.201.77$5,706
Nov 199802,72610.892.19$5,958
Oct 199803,01012.421.97$5,927
Sep 199803,01112.592.08$6,271
Aug 199802,73211.301.91$5,211
Jul 199802,74011.742.24$6,130
Jun 199802,61311.242.24$5,846
May 199802,74912.622.21$6,065
Apr 199802,53113.042.51$6,341
Mar 199802,65212.802.31$6,125
Feb 199802,45713.952.30$5,649
Jan 199802,70014.702.15$5,818
Dec 199702,62116.322.41$6,319
Nov 199702,58218.193.09$7,974
Oct 1997782,84319.253.15$10,456
Sep 199702,78617.742.95$8,232
Aug 199702,94317.862.55$7,519
Jul 199703,50817.582.25$7,882
Jun 199702,70117.242.26$6,097
May 199702,97818.972.31$6,875
Apr 199702,90417.882.08$6,048
Mar 19971912,97018.951.94$9,379
Feb 199702,84220.492.21$6,269
Jan 199703,20223.483.54$11,334
Dec 199603,30723.32$0
Nov 199603,19421.97$0
Oct 199603,38223.31$0
Sep 199603,20422.22$0
Aug 199603,11520.26$0
Jul 199603,24319.55$0
Jun 199603,37618.73$0
May 199603,58019.43$0
Apr 199603,63821.51$0
Mar 199603,44219.38$0
Feb 199603,24716.98$0
Jan 199603,92917.07$0
Dec 199504,06317.19$0
Nov 199503,76016.00$0
Oct 199503,49615.43$0
Sep 199502,59716.18$0
Aug 199503,16115.92$0
Jul 199503,42615.24$0
Jun 199503,20416.41$0
May 19951693,39417.56$2,968
Apr 199503,45717.73$0
Mar 199502,59516.44$0
Feb 199501,33716.58$0
Jan 1995053615.92$0
Dec 199406415.03$0
Nov 199403,50015.90$0
Oct 199403,86615.58$0
Sep 199403,94015.29$0
Aug 199403,62516.13$0
Jul 199403,69517.56$0
Jun 199403,61817.09$0
May 199403,47415.88$0
Apr 199403,11114.14$0
Mar 199403,15012.46$0
Feb 199402,83312.50$0
Jan 199403,36512.66$0
Dec 199303,50212.33$0
Nov 199303,73714.49$0
Oct 199303,96315.85$0
Sep 199302,01915.03$0
Aug 19931873,47115.66$2,928
Jul 199303,94215.46$0
Jun 199303,99316.79$0
May 199303,98917.68$0
Apr 199302,13918.05$0
Mar 199303,04418.14$0
Feb 199302,65017.90$0
Jan 199303,54216.93$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.

Apr 2004 — as filed, then multipliedworked
Condensate            27 bbl  × $ 34.47 =       $931
Gas                    0 Mcf  × $  5.86 =         $0

────────────────────────────────────────────────────
Month total                                     $931

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. 09/G/100868 is the state's own key, not one this site invented.