COCA COLA

Operated by CHOLLA PETROLEUM, INC. (P-5 150683) in the OUITAW (CONGL.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 122718District 09Field 67770250NGPA filingCondensateGasSaveExport
Value, all time
$547 k
Jan 1993 – Nov 2004
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
143
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 1 leases and 1 wells, and the rule below applies to all of them.

Discovered
1986-10-21
as the register files it
Field class
Gas
the register's own label
Between wells
3,735 ft
minimum
From a lease line
1,867 ft
minimum

A drilling unit in this field needs at least 640 acres. The field rule took effect on 1987-03-09.

The Commission's schedule remark for this field reads: TEMP. RULES MADE PERM.04/01/90 PER. DOC. 9-94,257

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
NGPA1none

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
CondensateDisposition1,393 bbl$26,446
GasProduction463,580 Mcf$520,468
Total$546,914

274,241 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 33.1990, -98.0656. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.19904, -98.06561 · 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
5,490 ft
1 wells filed one
Completion to plug
18.1 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 5,490 ft.

Completions filed
Oct 1986
1 of 1 wells
Plug dates filed
Nov 2004
1 of 1 wells

Last completion to plug: a median of 18.1 years across the 1 well that filed both dates, with the middle half between 18.1 years and 18.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-23737229C 15,490 ftOct 1986Nov 2004Yes

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 (143)

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

143 months

Nov 20040045.286.33$0
Oct 20041094749.706.52$5,724
Sep 200406543.245.28$343
Aug 200409042.375.55$500
Jul 200406638.286.08$402
Jun 200401836.106.43$116
May 2004011937.486.49$773
Apr 2004014334.475.86$838
Mar 2004021934.365.53$1,211
Feb 2004017932.455.51$986
Jan 2004025932.036.30$1,632
Dec 2003021430.266.30$1,349
Nov 2003023628.804.60$1,084
Oct 2003031128.174.76$1,480
Sep 2003028626.314.75$1,358
Aug 2003032729.765.13$1,677
Jul 2003032729.415.17$1,691
Jun 2003031128.565.98$1,861
May 2003033126.595.97$1,977
Apr 2003032226.675.41$1,741
Mar 2003035431.146.10$2,158
Feb 200308433.487.93$666
Jan 200301030.315.58$56
Dec 2002023226.914.85$1,126
Nov 200201024.664.14$41
Oct 2002038926.464.23$1,645
Sep 2002060727.443.64$2,207
Aug 2002078225.963.16$2,474
Jul 2002057724.583.06$1,767
Jun 2002040523.733.34$1,352
May 2002093024.663.58$3,333
Apr 2002062223.653.51$2,185
Mar 2002075122.003.10$2,330
Feb 2002060918.222.38$1,447
Jan 2002071817.172.38$1,706
Dec 2001074616.932.36$1,764
Nov 2001010918.072.41$262
Oct 2001055719.782.53$1,409
Sep 2001078024.262.25$1,756
Aug 2001083024.873.05$2,534
Jul 2001083823.933.20$2,679
Jun 2001056724.563.82$2,168
May 200101,27525.524.31$5,492
Apr 200101,24924.685.34$6,664
Mar 200101,05524.545.38$5,672
Feb 200101,03127.755.77$5,946
Jan 2001080427.478.40$6,753
Dec 200001,41126.889.12$12,872
Nov 200001,73832.215.66$9,834
Oct 200001,89631.235.15$9,756
Sep 200001,43331.875.19$7,432
Aug 200001,58429.644.54$7,193
Jul 200001,72528.534.09$7,055
Jun 200001,25429.304.40$5,514
May 2000010927.263.68$401
Apr 2000049524.513.12$1,542
Mar 2000085328.422.86$2,439
Feb 2000072827.622.73$1,985
Jan 200001,19925.272.48$2,974
Dec 199901,51724.282.42$3,677
Nov 199901,70723.192.43$4,155
Oct 199902,01620.982.80$5,652
Sep 199902,12321.752.62$5,560
Aug 199902,25419.262.88$6,482
Jul 199902,47417.892.37$5,869
Jun 199902,80215.942.36$6,619
May 199903,23215.792.32$7,502
Apr 199903,66815.102.21$8,099
Mar 199903,71512.471.84$6,829
Feb 199904,0149.981.82$7,297
Jan 199904,40010.381.90$8,360
Dec 199804,2659.201.77$7,563
Nov 199804,67610.892.19$10,220
Oct 199804,31512.421.97$8,497
Sep 199804,09412.592.08$8,526
Aug 199804,41011.301.91$8,411
Jul 199805,12211.742.24$11,459
Jun 199805,13011.242.24$11,477
May 199804,55812.622.21$10,057
Apr 199804,88113.042.51$12,229
Mar 199804,89212.802.31$11,298
Feb 19981624,72913.952.30$13,132
Jan 199805,56514.702.15$11,991
Dec 199705,74216.322.41$13,845
Nov 199705,22818.193.09$16,145
Oct 199705,38519.253.15$16,962
Sep 199705,16217.742.95$15,253
Aug 199705,02017.862.55$12,825
Jul 199704,96917.582.25$11,165
Jun 199705,14417.242.26$11,611
May 199705,09518.972.31$11,762
Apr 199705,33817.882.08$11,118
Mar 19971535,80418.951.94$14,154
Feb 199704,40820.492.21$9,724
Jan 199706,26923.483.54$22,190
Dec 199605,45423.32$0
Nov 199604,70021.97$0
Oct 199605,04523.31$0
Sep 199603,94822.22$0
Aug 199604,10020.26$0
Jul 199605,24019.55$0
Jun 199604,18118.73$0
May 1996774,61619.43$1,496
Apr 199605,67521.51$0
Mar 199605,53719.38$0
Feb 199603,70416.98$0
Jan 199604,75717.07$0
Dec 19951525,00017.19$2,613
Nov 199502,94016.00$0
Oct 199504,26615.43$0
Sep 199504,35316.18$0
Aug 199504,67615.92$0
Jul 199504,04715.24$0
Jun 199504,86616.41$0
May 199504,94217.56$0
Apr 199505,32217.73$0
Mar 199506,64916.44$0
Feb 19951576,43116.58$2,603
Jan 199505,33815.92$0
Dec 199404,86715.03$0
Nov 199404,94415.90$0
Oct 199405,96715.58$0
Sep 199405,92715.29$0
Aug 199406,76216.13$0
Jul 199406,94217.56$0
Jun 19941067,88017.09$1,812
May 199408,40115.88$0
Apr 199407,73914.14$0
Mar 199407,53212.46$0
Feb 19941626,67012.50$2,025
Jan 199407,31512.66$0
Dec 199307,16812.33$0
Nov 199306,29114.49$0
Oct 19931666,78815.85$2,631
Sep 199306,47615.03$0
Aug 199305,58215.66$0
Jul 199306,72315.46$0
Jun 199306,30516.79$0
May 199306,45917.68$0
Apr 19931496,66918.05$2,689
Mar 199306,45918.14$0
Feb 199305,87117.90$0
Jan 199306,71716.93$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.

Oct 2004 — as filed, then multipliedworked
Condensate           109 bbl  × $ 49.70 =     $5,417
Gas                   47 Mcf  × $  6.52 =       $306

────────────────────────────────────────────────────
Month total                                   $5,724

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/122718 is the state's own key, not one this site invented.