BUSEY GAS UNIT

Operated by REPUBLIC ENERGY INC. (P-5 702645) 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 144460District 09Field 105745202 tax incentive programmesCondensateGasSaveExport
Value, all time
$178 k
Feb 1993 – Jul 2010
Value, last 12 filed months
$0
at the published price for each month
Months reported
210
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
High Cost Gas111996-02-13132918
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
CondensateDisposition2,020 bbl$41,071
GasProduction132,083 Mcf$136,883
Total$177,954

90,548 Mcf of this lease's gas, across 47 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 33.2292, -97.6639. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.22919, -97.66388 · 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
6,200 ft
1 wells filed one
Completion to plug
17.4 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 6,200 ft.

Completions filed
Feb 1993
1 of 1 wells
Plug dates filed
Jul 2010
1 of 1 wells

Last completion to plug: a median of 17.4 years across the 1 well that filed both dates, with the middle half between 17.4 years and 17.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4973377346,200 ftFeb 1993Jul 2010Yes

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 (210)

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

210 months

Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
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 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 200410038.286.08$383
Jun 200410036.106.43$361
May 20040037.486.49$0
Apr 200498034.475.86$3,378
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 2003011430.266.30$718
Nov 2003036528.804.60$1,677
Oct 2003038328.174.76$1,823
Sep 2003038026.314.75$1,805
Aug 2003038429.765.13$1,970
Jul 2003037929.415.17$1,960
Jun 2003038928.565.98$2,327
May 2003039826.595.97$2,377
Apr 2003036126.675.41$1,952
Mar 200317638431.146.10$7,822
Feb 2003036133.487.93$2,861
Jan 2003040330.315.58$2,250
Dec 2002037526.914.85$1,820
Nov 2002039324.664.14$1,626
Oct 2002042426.464.23$1,793
Sep 2002044927.443.64$1,632
Aug 2002046925.963.16$1,484
Jul 2002048324.583.06$1,479
Jun 2002051423.733.34$1,716
May 2002046024.663.58$1,649
Apr 2002044423.653.51$1,559
Mar 2002045822.003.10$1,421
Feb 2002041318.222.38$981
Jan 2002043117.172.38$1,024
Dec 2001042216.932.36$998
Nov 2001031618.072.41$760
Oct 2001046819.782.53$1,184
Sep 2001046224.262.25$1,040
Aug 2001048024.873.05$1,466
Jul 2001047723.933.20$1,525
Jun 2001047524.563.82$1,816
May 2001050725.524.31$2,184
Apr 200111847824.685.34$5,463
Mar 2001046524.545.38$2,500
Feb 2001044727.755.77$2,578
Jan 2001051427.478.40$4,317
Dec 2000050926.889.12$4,643
Nov 2000032432.215.66$1,833
Oct 2000026131.235.15$1,343
Sep 2000030431.875.19$1,577
Aug 2000031629.644.54$1,435
Jul 2000032828.534.09$1,341
Jun 2000028729.304.40$1,262
May 200016267327.263.68$6,893
Apr 2000042024.513.12$1,309
Mar 2000050828.422.86$1,453
Feb 2000049127.622.73$1,339
Jan 2000049525.272.48$1,228
Dec 1999056324.282.42$1,365
Nov 1999049323.192.43$1,200
Oct 1999057020.982.80$1,598
Sep 1999056321.752.62$1,474
Aug 1999046819.262.88$1,346
Jul 1999048317.892.37$1,146
Jun 1999036315.942.36$857
May 1999057915.792.32$1,344
Apr 19999357215.102.21$2,667
Mar 1999060712.471.84$1,116
Feb 199905189.981.82$942
Jan 1999062910.381.90$1,195
Dec 199805129.201.77$908
Nov 1998055710.892.19$1,217
Oct 199818152912.421.97$3,290
Sep 1998052612.592.08$1,095
Aug 1998049411.301.91$942
Jul 1998066111.742.24$1,479
Jun 1998067611.242.24$1,512
May 1998270812.622.21$1,587
Apr 1998068013.042.51$1,704
Mar 1998071412.802.31$1,649
Feb 1998065213.952.30$1,499
Jan 1998069914.702.15$1,506
Dec 1997044516.322.41$1,073
Nov 1997055218.193.09$1,705
Oct 1997064519.253.15$2,032
Sep 1997069317.742.95$2,048
Aug 1997071217.862.55$1,819
Jul 19979770717.582.25$3,294
Jun 1997073317.242.26$1,655
May 1997059418.972.31$1,371
Apr 1997067017.882.08$1,395
Mar 1997069118.951.94$1,340
Feb 1997066120.492.21$1,458
Jan 199716457523.483.54$5,886
Dec 1996054423.32$0
Nov 1996062421.97$0
Oct 1996081523.31$0
Sep 1996085422.22$0
Aug 1996067520.26$0
Jul 1996057819.55$0
Jun 1996053918.73$0
May 199612274519.43$2,370
Apr 1996088221.51$0
Mar 199601,06919.38$0
Feb 1996076916.98$0
Jan 199601,02617.07$0
Dec 19951421,15017.19$2,441
Nov 199501,52916.00$0
Oct 1995026815.43$0
Sep 199501,28016.18$0
Aug 199501,28015.92$0
Jul 199501,38315.24$0
Jun 199501,29216.41$0
May 19951501,15217.56$2,634
Apr 199501,36517.73$0
Mar 199501,38516.44$0
Feb 199511,31616.58$17
Jan 199501,73815.92$0
Dec 199401,57215.03$0
Nov 199401,77015.90$0
Oct 1994089315.58$0
Sep 199401,55815.29$0
Aug 19941201,89416.13$1,936
Jul 199401,84917.56$0
Jun 199402,29917.09$0
May 199402,59815.88$0
Apr 1994842,33314.14$1,188
Mar 199402,43412.46$0
Feb 199401,80012.50$0
Jan 19941332,10512.66$1,684
Dec 199302,46312.33$0
Nov 199302,67814.49$0
Oct 199302,83015.85$0
Sep 199303,61815.03$0
Aug 199302,57215.66$0
Jul 199303,69215.46$0
Jun 19931555,30316.79$2,602
May 199327,84917.68$35
Apr 1993010,14018.05$0
Mar 199301,84418.14$0
Feb 1993019617.90$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.

Jul 2004 — as filed, then multipliedworked
Condensate            10 bbl  × $ 38.28 =       $383
Gas                    0 Mcf  × $  6.08 =         $0

────────────────────────────────────────────────────
Month total                                     $383

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/144460 is the state's own key, not one this site invented.