PRICE

Name: PRICE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by RICHEY, RAY MANAGEMENT CO., INC. (P-5 709694) in the CLAY-RAY (CONGL.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 103968District 09Field 18741400NGPA filingCondensateGasSave Export

Value, all time

$124 k

Jan 1993 – May 2009

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

197

no gaps in the span

Streams

condensate, gas

The CLAY-RAY (CONGL.) field

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 13 leases and 13 wells, and the rule below applies to all of them.

Discovered

1979-02-01

as the register files it

Field class

Gas

the register's own label

Between wells

1,867 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 acres.

The Commission's schedule remark for this field reads: “RULES EFF 12-1-79 PER ORDER #9-71254”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	422 bbl	$12,428
Gas	Production	42,039 Mcf	$112,022
Total			$124,449

15,050 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 33.0457, -98.1271. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.04569, -98.12707 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

4,800 ft

1 wells filed one

Completion to plug

26.4 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 4,800 ft.

Completions filed

Dec 1982

1 of 1 wells

Plug dates filed

May 2009

1 of 1 wells

Last completion to plug: a median of 26.4 years across the 1 well that filed both dates, with the middle half between 26.4 years and 26.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-23734765	11A	4,800 ft	Dec 1982	May 2009	Yes

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 (197)

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

197 months


May 2009	0	0	54.74	3.93	$0
Apr 2009	140	154	46.77	3.59	$7,100
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	32	60.08	5.04	$161
Aug 2006	0	207	68.71	7.34	$1,519
Jul 2006	0	89	69.37	6.34	$565
Jun 2006	0	89	66.28	6.38	$568
May 2006	0	142	66.01	6.42	$912
Apr 2006	0	176	64.39	7.36	$1,295
Mar 2006	0	112	56.70	7.08	$793
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	25	54.94	13.42	$335
Nov 2005	0	120	54.69	10.59	$1,271
Oct 2005	0	93	58.34	13.80	$1,283
Sep 2005	0	63	61.45	12.08	$761
Aug 2005	0	129	61.51	9.80	$1,264
Jul 2005	0	94	55.69	7.84	$737
Jun 2005	0	171	52.33	7.38	$1,262
May 2005	0	116	45.22	6.65	$772
Apr 2005	0	58	49.20	7.36	$427
Mar 2005	0	204	50.37	7.15	$1,460
Feb 2005	0	103	45.22	6.31	$650
Jan 2005	0	150	43.16	6.32	$948
Dec 2004	0	180	39.86	6.75	$1,215
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	75	49.70	6.52	$489
Sep 2004	0	71	43.24	5.28	$375
Aug 2004	0	139	42.37	5.55	$772
Jul 2004	0	103	38.28	6.08	$627
Jun 2004	0	160	36.10	6.43	$1,029
May 2004	0	159	37.48	6.49	$1,033
Apr 2004	0	103	34.47	5.86	$603
Mar 2004	0	162	34.36	5.53	$896
Feb 2004	0	92	32.45	5.51	$507
Jan 2004	0	201	32.03	6.30	$1,266
Dec 2003	0	188	30.26	6.30	$1,185
Nov 2003	0	160	28.80	4.60	$735
Oct 2003	0	228	28.17	4.76	$1,085
Sep 2003	0	205	26.31	4.75	$974
Aug 2003	0	131	29.76	5.13	$672
Jul 2003	0	168	29.41	5.17	$869
Jun 2003	0	233	28.56	5.98	$1,394
May 2003	0	251	26.59	5.97	$1,499
Apr 2003	0	196	26.67	5.41	$1,060
Mar 2003	0	269	31.14	6.10	$1,640
Feb 2003	0	293	33.48	7.93	$2,322
Jan 2003	0	223	30.31	5.58	$1,245
Dec 2002	0	258	26.91	4.85	$1,252
Nov 2002	0	154	24.66	4.14	$637
Oct 2002	0	235	26.46	4.23	$994
Sep 2002	0	76	27.44	3.64	$276
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	21	23.73	3.34	$70
May 2002	0	393	24.66	3.58	$1,409
Apr 2002	143	205	23.65	3.51	$4,102
Mar 2002	0	215	22.00	3.10	$667
Feb 2002	0	149	18.22	2.38	$354
Jan 2002	0	288	17.17	2.38	$684
Dec 2001	0	170	16.93	2.36	$402
Nov 2001	0	261	18.07	2.41	$628
Oct 2001	0	374	19.78	2.53	$946
Sep 2001	0	364	24.26	2.25	$819
Aug 2001	0	317	24.87	3.05	$968
Jul 2001	0	400	23.93	3.20	$1,279
Jun 2001	0	471	24.56	3.82	$1,801
May 2001	0	513	25.52	4.31	$2,210
Apr 2001	0	626	24.68	5.34	$3,340
Mar 2001	0	604	24.54	5.38	$3,247
Feb 2001	0	411	27.75	5.77	$2,370
Jan 2001	27	411	27.47	8.40	$4,194
Dec 2000	0	434	26.88	9.12	$3,959
Nov 2000	0	430	32.21	5.66	$2,433
Oct 2000	0	430	31.23	5.15	$2,213
Sep 2000	0	443	31.87	5.19	$2,298
Aug 2000	0	576	29.64	4.54	$2,615
Jul 2000	0	520	28.53	4.09	$2,127
Jun 2000	0	504	29.30	4.40	$2,216
May 2000	0	248	27.26	3.68	$913
Apr 2000	0	246	24.51	3.12	$767
Mar 2000	0	149	28.42	2.86	$426
Feb 2000	0	205	27.62	2.73	$559
Jan 2000	0	274	25.27	2.48	$680
Dec 1999	0	239	24.28	2.42	$579
Nov 1999	0	265	23.19	2.43	$645
Oct 1999	0	223	20.98	2.80	$625
Sep 1999	0	206	21.75	2.62	$539
Aug 1999	0	221	19.26	2.88	$636
Jul 1999	0	254	17.89	2.37	$603
Jun 1999	0	220	15.94	2.36	$520
May 1999	0	236	15.79	2.32	$548
Apr 1999	0	286	15.10	2.21	$632
Mar 1999	0	474	12.47	1.84	$871
Feb 1999	0	209	9.98	1.82	$380
Jan 1999	0	214	10.38	1.90	$407
Dec 1998	0	290	9.20	1.77	$514
Nov 1998	0	278	10.89	2.19	$608
Oct 1998	0	475	12.42	1.97	$935
Sep 1998	0	441	12.59	2.08	$918
Aug 1998	0	226	11.30	1.91	$431
Jul 1998	0	433	11.74	2.24	$969
Jun 1998	0	218	11.24	2.24	$488
May 1998	0	338	12.62	2.21	$746
Apr 1998	0	265	13.04	2.51	$664
Mar 1998	0	157	12.80	2.31	$363
Feb 1998	0	160	13.95	2.30	$368
Jan 1998	0	212	14.70	2.15	$457
Dec 1997	0	150	16.32	2.41	$362
Nov 1997	0	150	18.19	3.09	$463
Oct 1997	0	207	19.25	3.15	$652
Sep 1997	0	150	17.74	2.95	$443
Aug 1997	0	150	17.86	2.55	$383
Jul 1997	0	150	17.58	2.25	$337
Jun 1997	0	185	17.24	2.26	$418
May 1997	0	433	18.97	2.31	$1,000
Apr 1997	0	216	17.88	2.08	$450
Mar 1997	0	423	18.95	1.94	$820
Feb 1997	0	322	20.49	2.21	$710
Jan 1997	0	221	23.48	3.54	$782
Dec 1996	0	327	23.32	—	$0
Nov 1996	0	841	21.97	—	$0
Oct 1996	0	876	23.31	—	$0
Sep 1996	0	481	22.22	—	$0
Aug 1996	0	425	20.26	—	$0
Jul 1996	0	371	19.55	—	$0
Jun 1996	0	183	18.73	—	$0
May 1996	0	315	19.43	—	$0
Apr 1996	0	675	21.51	—	$0
Mar 1996	0	433	19.38	—	$0
Feb 1996	0	447	16.98	—	$0
Jan 1996	0	301	17.07	—	$0
Dec 1995	0	396	17.19	—	$0
Nov 1995	0	412	16.00	—	$0
Oct 1995	0	354	15.43	—	$0
Sep 1995	38	171	16.18	—	$615
Aug 1995	0	274	15.92	—	$0
Jul 1995	0	117	15.24	—	$0
Jun 1995	0	183	16.41	—	$0
May 1995	0	341	17.56	—	$0
Apr 1995	0	273	17.73	—	$0
Mar 1995	0	309	16.44	—	$0
Feb 1995	0	308	16.58	—	$0
Jan 1995	0	320	15.92	—	$0
Dec 1994	0	371	15.03	—	$0
Nov 1994	0	257	15.90	—	$0
Oct 1994	0	186	15.58	—	$0
Sep 1994	0	144	15.29	—	$0
Aug 1994	0	203	16.13	—	$0
Jul 1994	0	199	17.56	—	$0
Jun 1994	0	234	17.09	—	$0
May 1994	0	196	15.88	—	$0
Apr 1994	0	188	14.14	—	$0
Mar 1994	0	206	12.46	—	$0
Feb 1994	0	222	12.50	—	$0
Jan 1994	1	166	12.66	—	$13
Dec 1993	0	263	12.33	—	$0
Nov 1993	0	217	14.49	—	$0
Oct 1993	0	298	15.85	—	$0
Sep 1993	0	256	15.03	—	$0
Aug 1993	0	300	15.66	—	$0
Jul 1993	73	273	15.46	—	$1,129
Jun 1993	0	249	16.79	—	$0
May 1993	0	251	17.68	—	$0
Apr 1993	0	313	18.05	—	$0
Mar 1993	0	287	18.14	—	$0
Feb 1993	0	307	17.90	—	$0
Jan 1993	0	331	16.93	—	$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 2009 — as filed, then multipliedworked

Condensate           140 bbl  × $ 46.77 =     $6,548
Gas                  154 Mcf  × $  3.59 =       $552

────────────────────────────────────────────────────
Month total                                   $7,100

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/103968 is the state's own key, not one this site invented.