POTTER

Operated by J-W OPERATING CO. (P-5 427960) in the MONTEATH (CONGL.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 87187District 09Field 62580300NGPA filingCondensateGasSaveExport
Value, all time
$217 k
Jan 1993 – Feb 2010
Value, last 12 filed months
$0
at the published price for each month
Months reported
206
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 7 leases and 7 wells, and the rule below applies to all of them.

Discovered
1979-12-02
as the register files it
Field class
Gas
the register's own label
Between wells
2,000 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 160 acres.

The Commission's schedule remark for this field reads: EXEMPT FIELD EFF 01/01/13 - ELK.

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
CondensateDisposition6 bbl$165
GasProduction55,557 Mcf$216,672
Total$216,837

14,724 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 33.1716, -97.3941. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.17157, -97.39407 · 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
8,220 ft
1 wells filed one
Completion to plug
30.2 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 8,220 ft.

Completions filed
Dec 1979
1 of 1 wells
Plug dates filed
Feb 2010
1 of 1 wells

Last completion to plug: a median of 30.2 years across the 1 well that filed both dates, with the middle half between 30.2 years and 30.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4973161118,220 ftDec 1979Feb 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 (206)

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

206 months

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 200702988.337.30$212
Nov 2007013591.677.29$984
Oct 200709382.856.92$644
Sep 200701875.846.24$112
Aug 2007013169.066.39$837
Jul 2007011470.906.39$728
Jun 2007019462.007.55$1,464
May 2007022158.747.85$1,734
Apr 2007021459.617.81$1,670
Mar 2007023856.927.30$1,738
Feb 2007019155.108.22$1,569
Jan 2007016350.306.73$1,096
Dec 200608956.656.92$616
Nov 200606454.207.62$488
Oct 200606254.906.01$373
Sep 200605760.085.04$287
Aug 2006014968.717.34$1,094
Jul 2006012869.376.34$812
Jun 2006010966.286.38$696
May 2006012266.016.42$784
Apr 2006012764.397.36$935
Mar 200608656.707.08$609
Feb 200607657.597.75$589
Jan 200606160.598.93$545
Dec 200506254.9413.42$832
Nov 200505954.6910.59$625
Oct 200504558.3413.80$621
Sep 2005012961.4512.08$1,558
Aug 2005010761.519.80$1,048
Jul 200509755.697.84$761
Jun 200509952.337.38$731
May 200507745.226.65$512
Apr 200508749.207.36$640
Mar 200507550.377.15$537
Feb 200507945.226.31$499
Jan 200506243.166.32$392
Dec 200406139.866.75$412
Nov 200406645.286.33$418
Oct 2004021249.706.52$1,381
Sep 200407143.245.28$375
Aug 200406142.375.55$339
Jul 2004012538.286.08$761
Jun 200409436.106.43$605
May 200406537.486.49$422
Apr 2004013634.475.86$797
Mar 2004032534.365.53$1,797
Feb 2004028232.455.51$1,554
Jan 2004025732.036.30$1,619
Dec 2003022530.266.30$1,418
Nov 2003022928.804.60$1,052
Oct 2003017528.174.76$833
Sep 2003021226.314.75$1,007
Aug 2003024329.765.13$1,247
Jul 2003023429.415.17$1,210
Jun 2003019728.565.98$1,179
May 2003024226.595.97$1,445
Apr 2003024426.675.41$1,319
Mar 2003016231.146.10$988
Feb 2003040833.487.93$3,234
Jan 2003043030.315.58$2,400
Dec 2002025926.914.85$1,257
Nov 2002027024.664.14$1,117
Oct 2002024526.464.23$1,036
Sep 2002012327.443.64$447
Aug 2002015125.963.16$478
Jul 2002042524.583.06$1,301
Jun 2002049523.733.34$1,652
May 2002062624.663.58$2,244
Apr 2002058723.653.51$2,062
Mar 2002015222.003.10$472
Feb 2002012918.222.38$306
Jan 2002040017.172.38$950
Dec 2001035016.932.36$828
Nov 2001036918.072.41$888
Oct 2001049319.782.53$1,247
Sep 2001054924.262.25$1,236
Aug 2001055324.873.05$1,688
Jul 200101,00423.933.20$3,210
Jun 200101,06524.563.82$4,073
May 200121,09825.524.31$4,780
Apr 200101,00024.685.34$5,335
Mar 200101,23624.545.38$6,645
Feb 200101,12527.755.77$6,488
Jan 2001085627.478.40$7,189
Dec 200007,01726.889.12$64,013
Nov 2000079832.215.66$4,515
Oct 2000057631.235.15$2,964
Sep 2000065231.875.19$3,382
Aug 2000081729.644.54$3,710
Jul 2000451628.534.09$2,224
Jun 2000042129.304.40$1,851
May 2000057927.263.68$2,131
Apr 2000054024.513.12$1,683
Mar 2000019528.422.86$558
Feb 2000014527.622.73$395
Jan 2000016025.272.48$397
Dec 199909624.282.42$233
Nov 1999012223.192.43$297
Oct 1999015220.982.80$426
Sep 1999016721.752.62$437
Aug 1999021819.262.88$627
Jul 1999017617.892.37$418
Jun 1999011815.942.36$279
May 1999019615.792.32$455
Apr 1999018115.102.21$400
Mar 1999017812.471.84$327
Feb 199901879.981.82$340
Jan 1999023910.381.90$454
Dec 199801359.201.77$239
Nov 1998017910.892.19$391
Oct 1998031912.421.97$628
Sep 1998013912.592.08$289
Aug 1998013911.301.91$265
Jul 1998017211.742.24$385
Jun 1998019411.242.24$434
May 1998013512.622.21$298
Apr 1998013813.042.51$346
Mar 1998022812.802.31$527
Feb 1998012013.952.30$276
Jan 1998012914.702.15$278
Dec 1997022116.322.41$533
Nov 1997025618.193.09$791
Oct 1997024819.253.15$781
Sep 1997016617.742.95$491
Aug 1997017117.862.55$437
Jul 1997014217.582.25$319
Jun 1997013817.242.26$311
May 1997014318.972.31$330
Apr 1997016917.882.08$352
Mar 1997013318.951.94$258
Feb 1997014320.492.21$315
Jan 1997026523.483.54$938
Dec 1996018623.32$0
Nov 1996023121.97$0
Oct 1996021123.31$0
Sep 1996019922.22$0
Aug 1996019220.26$0
Jul 1996017819.55$0
Jun 199601,47818.73$0
May 1996038119.43$0
Apr 1996040721.51$0
Mar 1996041019.38$0
Feb 1996041716.98$0
Jan 1996048117.07$0
Dec 1995025517.19$0
Nov 1995023616.00$0
Oct 1995025415.43$0
Sep 1995022716.18$0
Aug 1995029215.92$0
Jul 1995022915.24$0
Jun 1995028616.41$0
May 1995030917.56$0
Apr 1995028817.73$0
Mar 1995028316.44$0
Feb 1995027816.58$0
Jan 1995057515.92$0
Dec 1994042115.03$0
Nov 1994035315.90$0
Oct 1994031815.58$0
Sep 1994042815.29$0
Aug 1994030916.13$0
Jul 1994034317.56$0
Jun 1994035717.09$0
May 1994033615.88$0
Apr 1994037714.14$0
Mar 1994020612.46$0
Feb 1994020712.50$0
Jan 1994020212.66$0
Dec 1993019112.33$0
Nov 1993015714.49$0
Oct 1993022815.85$0
Sep 1993023415.03$0
Aug 1993025215.66$0
Jul 1993021915.46$0
Jun 1993019516.79$0
May 1993020317.68$0
Apr 1993028718.05$0
Mar 1993021918.14$0
Feb 1993017017.90$0
Jan 1993022916.93$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.

Dec 2007 — as filed, then multipliedworked
Condensate             0 bbl  × $ 88.33 =         $0
Gas                   29 Mcf  × $  7.30 =       $212

────────────────────────────────────────────────────
Month total                                     $212

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/87187 is the state's own key, not one this site invented.