CRAFT-WATERBOARD UNIT 5

Name: CRAFT-WATERBOARD UNIT 5 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 121782District 09Field 10574520CondensateGasSave Export

Value, all time

$825 k

Jan 1993 – Feb 2009

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

194

no gaps in the span

Streams

condensate, gas

The BOONSVILLE (BEND CONGL., GAS) 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 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.”

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	9,890 bbl	$184,970
Gas	Production	385,696 Mcf	$640,076
Total			$825,046

198,786 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 33.1738, -97.8874. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.17381, -97.88739 · 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

5,825 ft

1 wells filed one

Completion to plug

18.5 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 5,825 ft.

Completions filed

Jul 1988

1 of 1 wells

Plug dates filed

Jan 2007

1 of 1 wells

Last completion to plug: a median of 18.5 years across the 1 well that filed both dates, with the middle half between 18.5 years and 18.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-49733176	2	5,825 ft	Jul 1988	Jan 2007	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 (194)

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

194 months


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	125	0	55.49	6.86	$6,936
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	6	50.30	6.73	$40
Dec 2006	0	59	56.65	6.92	$408
Nov 2006	0	57	54.20	7.62	$434
Oct 2006	0	59	54.90	6.01	$355
Sep 2006	0	57	60.08	5.04	$287
Aug 2006	0	59	68.71	7.34	$433
Jul 2006	0	59	69.37	6.34	$374
Jun 2006	0	57	66.28	6.38	$364
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	57	64.39	7.36	$420
Mar 2006	0	59	56.70	7.08	$418
Feb 2006	0	53	57.59	7.75	$411
Jan 2006	0	59	60.59	8.93	$527
Dec 2005	0	59	54.94	13.42	$792
Nov 2005	2	57	54.69	10.59	$713
Oct 2005	0	59	58.34	13.80	$814
Sep 2005	0	57	61.45	12.08	$689
Aug 2005	0	59	61.51	9.80	$578
Jul 2005	0	59	55.69	7.84	$463
Jun 2005	0	57	52.33	7.38	$421
May 2005	0	59	45.22	6.65	$392
Apr 2005	0	57	49.20	7.36	$420
Mar 2005	0	59	50.37	7.15	$422
Feb 2005	0	109	45.22	6.31	$688
Jan 2005	0	115	43.16	6.32	$727
Dec 2004	0	104	39.86	6.75	$702
Nov 2004	0	113	45.28	6.33	$715
Oct 2004	0	87	49.70	6.52	$567
Sep 2004	0	73	43.24	5.28	$386
Aug 2004	0	59	42.37	5.55	$327
Jul 2004	0	59	38.28	6.08	$359
Jun 2004	3	57	36.10	6.43	$475
May 2004	121	57	37.48	6.49	$4,905
Apr 2004	0	57	34.47	5.86	$334
Mar 2004	0	59	34.36	5.53	$326
Feb 2004	0	125	32.45	5.51	$689
Jan 2004	0	854	32.03	6.30	$5,380
Dec 2003	0	1,348	30.26	6.30	$8,495
Nov 2003	0	1,356	28.80	4.60	$6,231
Oct 2003	0	1,443	28.17	4.76	$6,868
Sep 2003	0	1,626	26.31	4.75	$7,722
Aug 2003	0	1,476	29.76	5.13	$7,571
Jul 2003	0	1,661	29.41	5.17	$8,589
Jun 2003	0	1,782	28.56	5.98	$10,662
May 2003	0	1,673	26.59	5.97	$9,992
Apr 2003	181	1,837	26.67	5.41	$14,760
Mar 2003	0	1,779	31.14	6.10	$10,845
Feb 2003	0	1,823	33.48	7.93	$14,449
Jan 2003	0	2,027	30.31	5.58	$11,315
Dec 2002	183	2,128	26.91	4.85	$15,253
Nov 2002	0	1,849	24.66	4.14	$7,649
Oct 2002	0	2,094	26.46	4.23	$8,856
Sep 2002	0	2,238	27.44	3.64	$8,136
Aug 2002	0	1,427	25.96	3.16	$4,515
Jul 2002	0	1,342	24.58	3.06	$4,109
Jun 2002	0	1,407	23.73	3.34	$4,697
May 2002	0	1,522	24.66	3.58	$5,455
Apr 2002	0	1,422	23.65	3.51	$4,995
Mar 2002	175	1,417	22.00	3.10	$8,247
Feb 2002	0	1,981	18.22	2.38	$4,706
Jan 2002	0	2,383	17.17	2.38	$5,661
Dec 2001	0	2,156	16.93	2.36	$5,098
Nov 2001	0	678	18.07	2.41	$1,631
Oct 2001	0	2,003	19.78	2.53	$5,065
Sep 2001	0	1,817	24.26	2.25	$4,091
Aug 2001	0	1,796	24.87	3.05	$5,483
Jul 2001	178	1,880	23.93	3.20	$10,270
Jun 2001	0	1,700	24.56	3.82	$6,501
May 2001	180	2,223	25.52	4.31	$14,169
Apr 2001	0	1,937	24.68	5.34	$10,335
Mar 2001	0	2,155	24.54	5.38	$11,586
Feb 2001	0	1,884	27.75	5.77	$10,865
Jan 2001	177	2,211	27.47	8.40	$23,432
Dec 2000	0	2,264	26.88	9.12	$20,653
Nov 2000	0	2,097	32.21	5.66	$11,865
Oct 2000	180	2,197	31.23	5.15	$16,926
Sep 2000	0	2,466	31.87	5.19	$12,790
Aug 2000	0	2,095	29.64	4.54	$9,513
Jul 2000	53	2,083	28.53	4.09	$10,031
Jun 2000	0	2,164	29.30	4.40	$9,516
May 2000	0	2,059	27.26	3.68	$7,577
Apr 2000	180	1,983	24.51	3.12	$10,591
Mar 2000	0	2,222	28.42	2.86	$6,354
Feb 2000	0	1,944	27.62	2.73	$5,300
Jan 2000	0	2,465	25.27	2.48	$6,114
Dec 1999	183	2,542	24.28	2.42	$10,604
Nov 1999	0	2,446	23.19	2.43	$5,954
Oct 1999	0	2,545	20.98	2.80	$7,135
Sep 1999	0	2,315	21.75	2.62	$6,063
Aug 1999	0	2,398	19.26	2.88	$6,896
Jul 1999	0	2,427	17.89	2.37	$5,758
Jun 1999	183	2,335	15.94	2.36	$8,433
May 1999	178	2,856	15.79	2.32	$9,439
Apr 1999	178	2,875	15.10	2.21	$9,036
Mar 1999	0	2,901	12.47	1.84	$5,333
Feb 1999	86	2,376	9.98	1.82	$5,177
Jan 1999	0	2,834	10.38	1.90	$5,384
Dec 1998	0	2,187	9.20	1.77	$3,878
Nov 1998	188	2,262	10.89	2.19	$6,991
Oct 1998	0	2,921	12.42	1.97	$5,752
Sep 1998	188	2,736	12.59	2.08	$8,065
Aug 1998	0	2,843	11.30	1.91	$5,423
Jul 1998	184	2,879	11.74	2.24	$8,601
Jun 1998	0	2,557	11.24	2.24	$5,721
May 1998	0	2,519	12.62	2.21	$5,558
Apr 1998	0	2,571	13.04	2.51	$6,441
Mar 1998	184	2,504	12.80	2.31	$8,138
Feb 1998	0	2,165	13.95	2.30	$4,978
Jan 1998	0	2,466	14.70	2.15	$5,314
Dec 1997	0	2,554	16.32	2.41	$6,158
Nov 1997	0	2,547	18.19	3.09	$7,866
Oct 1997	0	2,750	19.25	3.15	$8,662
Sep 1997	182	2,515	17.74	2.95	$10,660
Aug 1997	0	3,140	17.86	2.55	$8,022
Jul 1997	0	2,842	17.58	2.25	$6,386
Jun 1997	188	2,518	17.24	2.26	$8,925
May 1997	0	2,858	18.97	2.31	$6,598
Apr 1997	0	2,739	17.88	2.08	$5,705
Mar 1997	193	2,819	18.95	1.94	$9,124
Feb 1997	0	2,592	20.49	2.21	$5,718
Jan 1997	0	2,905	23.48	3.54	$10,283
Dec 1996	103	2,864	23.32	—	$2,402
Nov 1996	168	2,946	21.97	—	$3,691
Oct 1996	95	3,123	23.31	—	$2,214
Sep 1996	186	3,215	22.22	—	$4,133
Aug 1996	0	3,496	20.26	—	$0
Jul 1996	174	3,333	19.55	—	$3,402
Jun 1996	0	3,271	18.73	—	$0
May 1996	189	3,624	19.43	—	$3,672
Apr 1996	0	3,762	21.51	—	$0
Mar 1996	0	3,291	19.38	—	$0
Feb 1996	182	2,982	16.98	—	$3,090
Jan 1996	0	2,837	17.07	—	$0
Dec 1995	0	58	17.19	—	$0
Nov 1995	172	3,469	16.00	—	$2,752
Oct 1995	0	3,604	15.43	—	$0
Sep 1995	171	4,299	16.18	—	$2,767
Aug 1995	170	4,382	15.92	—	$2,706
Jul 1995	0	4,389	15.24	—	$0
Jun 1995	162	4,450	16.41	—	$2,658
May 1995	169	4,360	17.56	—	$2,968
Apr 1995	173	4,177	17.73	—	$3,067
Mar 1995	177	4,553	16.44	—	$2,910
Feb 1995	0	3,719	16.58	—	$0
Jan 1995	176	4,093	15.92	—	$2,802
Dec 1994	0	4,212	15.03	—	$0
Nov 1994	172	4,342	15.90	—	$2,735
Oct 1994	166	4,448	15.58	—	$2,586
Sep 1994	172	4,955	15.29	—	$2,630
Aug 1994	173	5,158	16.13	—	$2,790
Jul 1994	152	5,425	17.56	—	$2,669
Jun 1994	168	4,056	17.09	—	$2,871
May 1994	0	4,423	15.88	—	$0
Apr 1994	171	3,817	14.14	—	$2,418
Mar 1994	174	4,479	12.46	—	$2,168
Feb 1994	0	3,947	12.50	—	$0
Jan 1994	161	4,557	12.66	—	$2,038
Dec 1993	157	4,695	12.33	—	$1,936
Nov 1993	168	4,802	14.49	—	$2,434
Oct 1993	173	5,208	15.85	—	$2,742
Sep 1993	150	4,986	15.03	—	$2,255
Aug 1993	166	5,008	15.66	—	$2,600
Jul 1993	180	5,183	15.46	—	$2,783
Jun 1993	164	5,020	16.79	—	$2,754
May 1993	176	5,350	17.68	—	$3,112
Apr 1993	179	5,004	18.05	—	$3,231
Mar 1993	176	5,214	18.14	—	$3,193
Feb 1993	173	4,696	17.90	—	$3,097
Jan 1993	199	5,504	16.93	—	$3,369

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 2008 — as filed, then multipliedworked

Condensate           125 bbl  × $ 55.49 =     $6,936
Gas                    0 Mcf  × $  6.86 =         $0

────────────────────────────────────────────────────
Month total                                   $6,936

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/121782 is the state's own key, not one this site invented.