FERRELL, M. E.

Name: FERRELL, M. E. lease production and value, Dec 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PURSLEY, JOHN (P-5 683191) in the JACKSBORO, SE. (5270) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 152200District 09Field 45379500GasSave Export

Value, all time

$8 k

Dec 1994 – Sep 2001

Value, last 12 filed months

$3 k

at the published price for each month

Months reported

no gaps in the span

Streams

gas

The JACKSBORO, SE. (5270) 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 10 leases and 11 wells, and the rule below applies to all of them.

Discovered

1978-04-01

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

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

The Commission's schedule remark for this field reads: “MULTI-49-B EFF 7-1-79 PER ORDER #9-71754”

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
Gas	Production	4,185 Mcf	$7,952
Total			$7,952

1,684 Mcf of this lease's gas, across 25 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 33.1774, -98.1557. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.17738, -98.15568 · 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

5,375 ft

1 wells filed one

Completion to plug

23.5 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 5,375 ft.

Completions filed

Mar 1978

1 of 1 wells

Plug dates filed

Sep 2001

1 of 1 wells

Last completion to plug: a median of 23.5 years across the 1 well that filed both dates, with the middle half between 23.5 years and 23.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-23732140	1	5,375 ft	Mar 1978	Sep 2001	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 (82)

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

82 months


Sep 2001	0	24.26	2.25	$0
Aug 2001	41	24.87	3.05	$125
Jul 2001	63	23.93	3.20	$201
Jun 2001	55	24.56	3.82	$210
May 2001	55	25.52	4.31	$237
Apr 2001	55	24.68	5.34	$293
Mar 2001	47	24.54	5.38	$253
Feb 2001	42	27.75	5.77	$242
Jan 2001	45	27.47	8.40	$378
Dec 2000	50	26.88	9.12	$456
Nov 2000	57	32.21	5.66	$323
Oct 2000	46	31.23	5.15	$237
Sep 2000	31	31.87	5.19	$161
Aug 2000	41	29.64	4.54	$186
Jul 2000	41	28.53	4.09	$168
Jun 2000	54	29.30	4.40	$237
May 2000	38	27.26	3.68	$140
Apr 2000	38	24.51	3.12	$118
Mar 2000	51	28.42	2.86	$146
Feb 2000	51	27.62	2.73	$139
Jan 2000	49	25.27	2.48	$122
Dec 1999	43	24.28	2.42	$104
Nov 1999	45	23.19	2.43	$110
Oct 1999	43	20.98	2.80	$121
Sep 1999	47	21.75	2.62	$123
Aug 1999	41	19.26	2.88	$118
Jul 1999	38	17.89	2.37	$90
Jun 1999	44	15.94	2.36	$104
May 1999	36	15.79	2.32	$84
Apr 1999	42	15.10	2.21	$93
Mar 1999	70	12.47	1.84	$129
Feb 1999	59	9.98	1.82	$107
Jan 1999	66	10.38	1.90	$125
Dec 1998	73	9.20	1.77	$129
Nov 1998	61	10.89	2.19	$133
Oct 1998	52	12.42	1.97	$102
Sep 1998	43	12.59	2.08	$90
Aug 1998	51	11.30	1.91	$97
Jul 1998	42	11.74	2.24	$94
Jun 1998	41	11.24	2.24	$92
May 1998	33	12.62	2.21	$73
Apr 1998	58	13.04	2.51	$145
Mar 1998	23	12.80	2.31	$53
Feb 1998	29	13.95	2.30	$67
Jan 1998	32	14.70	2.15	$69
Dec 1997	28	16.32	2.41	$68
Nov 1997	22	18.19	3.09	$68
Oct 1997	43	19.25	3.15	$135
Sep 1997	46	17.74	2.95	$136
Aug 1997	48	17.86	2.55	$123
Jul 1997	44	17.58	2.25	$99
Jun 1997	43	17.24	2.26	$97
May 1997	35	18.97	2.31	$81
Apr 1997	32	17.88	2.08	$67
Mar 1997	34	18.95	1.94	$66
Feb 1997	28	20.49	2.21	$62
Jan 1997	36	23.48	3.54	$127
Dec 1996	26	23.32	—	$0
Nov 1996	16	21.97	—	$0
Oct 1996	26	23.31	—	$0
Sep 1996	32	22.22	—	$0
Aug 1996	32	20.26	—	$0
Jul 1996	35	19.55	—	$0
Jun 1996	33	18.73	—	$0
May 1996	37	19.43	—	$0
Apr 1996	36	21.51	—	$0
Mar 1996	60	19.38	—	$0
Feb 1996	37	16.98	—	$0
Jan 1996	42	17.07	—	$0
Dec 1995	71	17.19	—	$0
Nov 1995	66	16.00	—	$0
Oct 1995	66	15.43	—	$0
Sep 1995	47	16.18	—	$0
Aug 1995	40	15.92	—	$0
Jul 1995	112	15.24	—	$0
Jun 1995	112	16.41	—	$0
May 1995	147	17.56	—	$0
Apr 1995	132	17.73	—	$0
Mar 1995	117	16.44	—	$0
Feb 1995	97	16.58	—	$0
Jan 1995	135	15.92	—	$0
Dec 1994	130	15.03	—	$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.

Aug 2001 — as filed, then multipliedworked

Gas                   41 Mcf  × $  3.05 =       $125

────────────────────────────────────────────────────
Month total                                     $125

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/152200 is the state's own key, not one this site invented.