RANEY

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 154175District 09Field 105745202 tax incentive programmesCondensateGasSaveExport
Value, all time
$262 k
Mar 1995 – Oct 2013
Value, last 12 filed months
$0
at the published price for each month
Months reported
224
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 Gas111995-08-15132537
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
CondensateDisposition238 bbl$4,107
GasProduction152,977 Mcf$258,058
Total$262,164

80,641 Mcf of this lease's gas, across 21 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 33.3195, -97.5601. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.31945, -97.56008 · 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
6,600 ft
1 wells filed one
Completion to plug
18.6 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 6,600 ft.

Completions filed
Mar 1995
1 of 1 wells
Plug dates filed
Oct 2013
1 of 1 wells

Last completion to plug: a median of 18.6 years across the 1 well that filed both dates, with the middle half between 18.6 years and 18.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4973395276,600 ftMar 1995Oct 2013Yes

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 (224)

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

224 months

Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
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 20090932.814.63$42
Jan 200901835.865.37$97
Dec 200802637.105.98$155
Nov 200802855.496.86$192
Oct 200803575.246.92$242
Sep 2008021101.767.88$165
Aug 2008022114.228.48$187
Jul 2008025131.0811.39$285
Jun 2008027131.3313.03$352
May 2008023123.1711.57$266
Apr 2008025110.3110.45$261
Mar 2008034101.909.66$329
Feb 200801992.538.77$167
Jan 200808090.388.21$656
Dec 200709088.337.30$657
Nov 200709891.677.29$715
Oct 200708482.856.92$581
Sep 200704675.846.24$287
Aug 200704269.066.39$268
Jul 200702570.906.39$160
Jun 200702362.007.55$174
May 200703358.747.85$259
Apr 200704159.617.81$320
Mar 200704356.927.30$314
Feb 200704655.108.22$378
Jan 2007010950.306.73$733
Dec 2006023356.656.92$1,612
Nov 2006015354.207.62$1,165
Oct 200607454.906.01$445
Sep 200609460.085.04$474
Aug 200608168.717.34$595
Jul 2006011569.376.34$729
Jun 2006013966.286.38$887
May 2006028866.016.42$1,850
Apr 2006044564.397.36$3,275
Mar 2006047456.707.08$3,357
Feb 2006038657.597.75$2,992
Jan 2006038060.598.93$3,395
Dec 2005037654.9413.42$5,044
Nov 2005032554.6910.59$3,441
Oct 2005037158.3413.80$5,118
Sep 2005036861.4512.08$4,445
Aug 2005039461.519.80$3,860
Jul 2005028055.697.84$2,196
Jun 2005028552.337.38$2,104
May 2005012845.226.65$851
Apr 2005031249.207.36$2,296
Mar 2005032150.377.15$2,297
Feb 2005032845.226.31$2,070
Jan 2005039343.166.32$2,485
Dec 2004029739.866.75$2,005
Nov 2004033845.286.33$2,140
Oct 2004033849.706.52$2,202
Sep 2004033243.245.28$1,754
Aug 2004036142.375.55$2,004
Jul 2004039138.286.08$2,379
Jun 2004031736.106.43$2,039
May 2004035137.486.49$2,280
Apr 2004034334.475.86$2,009
Mar 2004037234.365.53$2,057
Feb 2004023432.455.51$1,289
Jan 2004025832.036.30$1,625
Dec 2003038630.266.30$2,432
Nov 200304728.804.60$216
Oct 2003024428.174.76$1,161
Sep 2003024526.314.75$1,164
Aug 2003023829.765.13$1,221
Jul 2003016329.415.17$843
Jun 2003011128.565.98$664
May 2003016726.595.97$997
Apr 2003017926.675.41$968
Mar 2003025631.146.10$1,561
Feb 2003012033.487.93$951
Jan 2003021630.315.58$1,206
Dec 2002033526.914.85$1,626
Nov 2002030024.664.14$1,241
Oct 2002031126.464.23$1,315
Sep 2002027527.443.64$1,000
Aug 2002035825.963.16$1,133
Jul 2002042124.583.06$1,289
Jun 2002041823.733.34$1,395
May 2002042124.663.58$1,509
Apr 2002032623.653.51$1,145
Mar 2002022522.003.10$698
Feb 2002014918.222.38$354
Jan 2002030917.172.38$734
Dec 2001034416.932.36$813
Nov 2001037618.072.41$904
Oct 2001036819.782.53$931
Sep 2001038424.262.25$865
Aug 2001024224.873.05$739
Jul 2001024223.933.20$774
Jun 2001027524.563.82$1,052
May 2001032425.524.31$1,396
Apr 2001022524.685.34$1,200
Mar 2001020724.545.38$1,113
Feb 2001021727.755.77$1,251
Jan 2001019527.478.40$1,638
Dec 2000037426.889.12$3,412
Nov 2000039832.215.66$2,252
Oct 2000023731.235.15$1,219
Sep 2000020031.875.19$1,037
Aug 2000024529.644.54$1,112
Jul 2000024028.534.09$982
Jun 2000023329.304.40$1,025
May 2000026727.263.68$982
Apr 2000042424.513.12$1,321
Mar 2000062528.422.86$1,787
Feb 2000068027.622.73$1,854
Jan 2000084025.272.48$2,084
Dec 1999072424.282.42$1,755
Nov 1999068723.192.43$1,672
Oct 1999085720.982.80$2,403
Sep 1999082421.752.62$2,158
Aug 199901,09619.262.88$3,152
Jul 1999092817.892.37$2,202
Jun 1999091115.942.36$2,152
May 199901,07815.792.32$2,502
Apr 1999462815.102.21$1,447
Mar 1999084912.471.84$1,561
Feb 199906389.981.82$1,160
Jan 1999027010.381.90$513
Dec 199842239.201.77$432
Nov 199801,08010.892.19$2,361
Oct 199831,60812.421.97$3,204
Sep 199801,09812.592.08$2,287
Aug 1998095211.301.91$1,816
Jul 199801,03311.742.24$2,311
Jun 199801,17211.242.24$2,622
May 199801,31312.622.21$2,897
Apr 199801,65613.042.51$4,149
Mar 199801,62712.802.31$3,757
Feb 199801,51013.952.30$3,472
Jan 199801,45014.702.15$3,124
Dec 199701,50216.322.41$3,621
Nov 1997651,37118.193.09$5,416
Oct 199701,60919.253.15$5,068
Sep 199701,55217.742.95$4,586
Aug 199701,67217.862.55$4,272
Jul 199701,73217.582.25$3,892
Jun 199701,69617.242.26$3,828
May 199722,16518.972.31$5,036
Apr 199702,22017.882.08$4,624
Mar 199702,53318.951.94$4,912
Feb 199701,86220.492.21$4,107
Jan 199702,08123.483.54$7,366
Dec 199601,74623.32$0
Nov 199602,09221.97$0
Oct 199602,10423.31$0
Sep 199602,38522.22$0
Aug 199602,67820.26$0
Jul 199602,81319.55$0
Jun 1996702,67018.73$1,311
May 199603,35019.43$0
Apr 199603,47921.51$0
Mar 199623,99319.38$39
Feb 199603,51116.98$0
Jan 199604,16417.07$0
Dec 199503,97117.19$0
Nov 199504,18916.00$0
Oct 199504,54315.43$0
Sep 199505,48116.18$0
Aug 1995865,10315.92$1,369
Jul 199505,39815.24$0
Jun 199525,06116.41$33
May 199506,47417.56$0
Apr 199505,43617.73$0
Mar 19950016.44$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.

Feb 2009 — as filed, then multipliedworked
Condensate             0 bbl  × $ 32.81 =         $0
Gas                    9 Mcf  × $  4.63 =        $42

────────────────────────────────────────────────────
Month total                                      $42

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/154175 is the state's own key, not one this site invented.