CULWELL, W.J.B.

Name: CULWELL, W.J.B. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MERIT ENERGY COMPANY (P-5 561136) 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 99534District 09Field 10574520CondensateGasSave Export

Value, all time

$406 k

Jan 1993 – Dec 2007

Value, last 12 filed months

$22 k

at the published price for each month

Months reported

180

no gaps in the span

Streams

condensate, gas

The BOONSVILLE (BEND CONGL., GAS) 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 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.”

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
Condensate	Disposition	72 bbl	$5,066
Gas	Production	151,564 Mcf	$400,576
Total			$405,641

54,742 Mcf of this lease's gas, across 45 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.

Every month this lease reported (180)

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

180 months


Dec 2007	54	0	88.33	7.30	$4,770
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	185	58.74	7.85	$1,452
Apr 2007	0	465	59.61	7.81	$3,629
Mar 2007	0	532	56.92	7.30	$3,885
Feb 2007	0	527	55.10	8.22	$4,330
Jan 2007	0	528	50.30	6.73	$3,552
Dec 2006	0	352	56.65	6.92	$2,435
Nov 2006	0	369	54.20	7.62	$2,811
Oct 2006	0	426	54.90	6.01	$2,562
Sep 2006	0	335	60.08	5.04	$1,687
Aug 2006	0	474	68.71	7.34	$3,479
Jul 2006	0	494	69.37	6.34	$3,133
Jun 2006	0	557	66.28	6.38	$3,556
May 2006	0	376	66.01	6.42	$2,416
Apr 2006	0	516	64.39	7.36	$3,798
Mar 2006	0	570	56.70	7.08	$4,037
Feb 2006	0	656	57.59	7.75	$5,085
Jan 2006	0	567	60.59	8.93	$5,065
Dec 2005	0	540	54.94	13.42	$7,244
Nov 2005	0	529	54.69	10.59	$5,601
Oct 2005	0	1,017	58.34	13.80	$14,030
Sep 2005	0	210	61.45	12.08	$2,537
Aug 2005	0	216	61.51	9.80	$2,116
Jul 2005	0	371	55.69	7.84	$2,910
Jun 2005	0	437	52.33	7.38	$3,226
May 2005	0	515	45.22	6.65	$3,425
Apr 2005	0	481	49.20	7.36	$3,540
Mar 2005	0	544	50.37	7.15	$3,892
Feb 2005	0	452	45.22	6.31	$2,853
Jan 2005	0	493	43.16	6.32	$3,117
Dec 2004	0	527	39.86	6.75	$3,558
Nov 2004	0	466	45.28	6.33	$2,950
Oct 2004	0	523	49.70	6.52	$3,407
Sep 2004	0	502	43.24	5.28	$2,653
Aug 2004	0	530	42.37	5.55	$2,942
Jul 2004	0	533	38.28	6.08	$3,243
Jun 2004	0	519	36.10	6.43	$3,339
May 2004	0	521	37.48	6.49	$3,384
Apr 2004	0	539	34.47	5.86	$3,158
Mar 2004	0	540	34.36	5.53	$2,986
Feb 2004	0	498	32.45	5.51	$2,744
Jan 2004	0	536	32.03	6.30	$3,377
Dec 2003	0	558	30.26	6.30	$3,516
Nov 2003	0	576	28.80	4.60	$2,647
Oct 2003	0	597	28.17	4.76	$2,842
Sep 2003	0	564	26.31	4.75	$2,679
Aug 2003	0	607	29.76	5.13	$3,114
Jul 2003	0	618	29.41	5.17	$3,196
Jun 2003	0	584	28.56	5.98	$3,494
May 2003	0	604	26.59	5.97	$3,608
Apr 2003	0	581	26.67	5.41	$3,142
Mar 2003	0	595	31.14	6.10	$3,627
Feb 2003	0	553	33.48	7.93	$4,383
Jan 2003	0	649	30.31	5.58	$3,623
Dec 2002	0	642	26.91	4.85	$3,116
Nov 2002	0	641	24.66	4.14	$2,652
Oct 2002	0	672	26.46	4.23	$2,842
Sep 2002	0	645	27.44	3.64	$2,345
Aug 2002	0	681	25.96	3.16	$2,155
Jul 2002	0	694	24.58	3.06	$2,125
Jun 2002	0	651	23.73	3.34	$2,173
May 2002	0	680	24.66	3.58	$2,437
Apr 2002	0	637	23.65	3.51	$2,237
Mar 2002	0	703	22.00	3.10	$2,181
Feb 2002	0	644	18.22	2.38	$1,530
Jan 2002	0	790	17.17	2.38	$1,877
Dec 2001	0	812	16.93	2.36	$1,920
Nov 2001	0	732	18.07	2.41	$1,761
Oct 2001	0	750	19.78	2.53	$1,897
Sep 2001	0	762	24.26	2.25	$1,716
Aug 2001	0	782	24.87	3.05	$2,388
Jul 2001	0	765	23.93	3.20	$2,446
Jun 2001	0	754	24.56	3.82	$2,883
May 2001	0	792	25.52	4.31	$3,411
Apr 2001	0	765	24.68	5.34	$4,082
Mar 2001	0	814	24.54	5.38	$4,376
Feb 2001	0	754	27.75	5.77	$4,348
Jan 2001	0	776	27.47	8.40	$6,517
Dec 2000	0	828	26.88	9.12	$7,553
Nov 2000	0	918	32.21	5.66	$5,194
Oct 2000	0	953	31.23	5.15	$4,904
Sep 2000	0	877	31.87	5.19	$4,549
Aug 2000	0	991	29.64	4.54	$4,500
Jul 2000	0	1,050	28.53	4.09	$4,294
Jun 2000	0	1,057	29.30	4.40	$4,648
May 2000	0	1,184	27.26	3.68	$4,357
Apr 2000	0	1,212	24.51	3.12	$3,777
Mar 2000	0	853	28.42	2.86	$2,439
Feb 2000	0	1,002	27.62	2.73	$2,732
Jan 2000	0	829	25.27	2.48	$2,056
Dec 1999	0	1,015	24.28	2.42	$2,460
Nov 1999	0	1,076	23.19	2.43	$2,619
Oct 1999	0	1,025	20.98	2.80	$2,874
Sep 1999	0	1,081	21.75	2.62	$2,831
Aug 1999	0	1,151	19.26	2.88	$3,310
Jul 1999	0	1,225	17.89	2.37	$2,906
Jun 1999	0	1,251	15.94	2.36	$2,955
May 1999	0	1,310	15.79	2.32	$3,041
Apr 1999	0	685	15.10	2.21	$1,513
Mar 1999	0	760	12.47	1.84	$1,397
Feb 1999	0	1,066	9.98	1.82	$1,938
Jan 1999	0	731	10.38	1.90	$1,389
Dec 1998	0	1,073	9.20	1.77	$1,903
Nov 1998	0	1,048	10.89	2.19	$2,291
Oct 1998	0	1,114	12.42	1.97	$2,194
Sep 1998	0	1,221	12.59	2.08	$2,543
Aug 1998	0	1,389	11.30	1.91	$2,649
Jul 1998	0	1,117	11.74	2.24	$2,499
Jun 1998	0	1,174	11.24	2.24	$2,627
May 1998	0	1,048	12.62	2.21	$2,312
Apr 1998	0	1,434	13.04	2.51	$3,593
Mar 1998	0	1,563	12.80	2.31	$3,610
Feb 1998	0	1,266	13.95	2.30	$2,911
Jan 1998	0	1,585	14.70	2.15	$3,415
Dec 1997	0	1,090	16.32	2.41	$2,628
Nov 1997	0	667	18.19	3.09	$2,060
Oct 1997	0	975	19.25	3.15	$3,071
Sep 1997	0	1,100	17.74	2.95	$3,250
Aug 1997	0	1,095	17.86	2.55	$2,797
Jul 1997	0	1,070	17.58	2.25	$2,404
Jun 1997	0	1,229	17.24	2.26	$2,774
May 1997	0	1,288	18.97	2.31	$2,973
Apr 1997	0	1,099	17.88	2.08	$2,289
Mar 1997	0	1,354	18.95	1.94	$2,626
Feb 1997	0	1,236	20.49	2.21	$2,726
Jan 1997	0	1,065	23.48	3.54	$3,770
Dec 1996	0	1,181	23.32	—	$0
Nov 1996	0	1,169	21.97	—	$0
Oct 1996	0	1,305	23.31	—	$0
Sep 1996	0	1,465	22.22	—	$0
Aug 1996	3	1,448	20.26	—	$61
Jul 1996	0	1,580	19.55	—	$0
Jun 1996	0	0	18.73	—	$0
May 1996	0	1,569	19.43	—	$0
Apr 1996	0	1,413	21.51	—	$0
Mar 1996	0	1,235	19.38	—	$0
Feb 1996	0	1,006	16.98	—	$0
Jan 1996	0	1,561	17.07	—	$0
Dec 1995	0	0	17.19	—	$0
Nov 1995	0	1,586	16.00	—	$0
Oct 1995	0	1,116	15.43	—	$0
Sep 1995	0	1,624	16.18	—	$0
Aug 1995	0	1,151	15.92	—	$0
Jul 1995	0	1,025	15.24	—	$0
Jun 1995	0	1,303	16.41	—	$0
May 1995	0	652	17.56	—	$0
Apr 1995	0	957	17.73	—	$0
Mar 1995	0	1,302	16.44	—	$0
Feb 1995	0	1,105	16.58	—	$0
Jan 1995	0	1,587	15.92	—	$0
Dec 1994	0	901	15.03	—	$0
Nov 1994	0	1,749	15.90	—	$0
Oct 1994	0	1,774	15.58	—	$0
Sep 1994	0	1,568	15.29	—	$0
Aug 1994	0	368	16.13	—	$0
Jul 1994	0	0	17.56	—	$0
Jun 1994	0	137	17.09	—	$0
May 1994	0	1,046	15.88	—	$0
Apr 1994	0	1,592	14.14	—	$0
Mar 1994	0	2,396	12.46	—	$0
Feb 1994	0	1,452	12.50	—	$0
Jan 1994	0	208	12.66	—	$0
Dec 1993	0	1,254	12.33	—	$0
Nov 1993	0	315	14.49	—	$0
Oct 1993	0	2,023	15.85	—	$0
Sep 1993	0	1,829	15.03	—	$0
Aug 1993	15	1,518	15.66	—	$235
Jul 1993	0	1,565	15.46	—	$0
Jun 1993	0	726	16.79	—	$0
May 1993	0	1,463	17.68	—	$0
Apr 1993	0	775	18.05	—	$0
Mar 1993	0	122	18.14	—	$0
Feb 1993	0	461	17.90	—	$0
Jan 1993	0	1,160	16.93	—	$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            54 bbl  × $ 88.33 =     $4,770
Gas                    0 Mcf  × $  7.30 =         $0

────────────────────────────────────────────────────
Month total                                   $4,770

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/99534 is the state's own key, not one this site invented.