GIFFORD

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

Operated by HESS, JERRY OPERATING CO. (P-5 381740) in the MATLOCK field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26614District 09Field 58301001OilCasinghead gasSave Export

Value, all time

$824 k

Jan 1993 – Sep 2017

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

297

no gaps in the span

Streams

oil, casinghead gas

The MATLOCK 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 9 leases and 10 wells, and the rule below applies to all of them.

Discovered

1944-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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
Oil	Disposition	23,251 bbl	$823,521
Casinghead gas	Production	20 Mcf	$0
Total			$823,521

20 Mcf of this lease's gas, across 20 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 (2)

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 33.1909, -98.2292. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

33.19089, -98.22922 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

5,290 ft

2 wells filed one

Completion to plug

21.7 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

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

Between 5,090 and 5,490 ft, median 5,290 ft, over the 2 wells that filed a depth.

Completions filed

Apr 1987 – Nov 1990

2 of 2 wells

Plug dates filed

Jan 2004 – Jun 2017

2 of 2 wells

Last completion to plug: a median of 21.7 years across the 2 wells that filed both dates, with the middle half between 17.4 years and 25.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-23732935	1W	5,090 ft	Nov 1990	Jan 2004	Yes
42-23737301	1	5,490 ft	Apr 1987	Jun 2017	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 (297)

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

297 months


Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	40	0	43.87	3.09	$1,755
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	183	0	91.82	4.35	$16,803
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	176	0	102.52	3.72	$18,044
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	176	0	93.96	4.28	$16,537
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	169	0	91.60	3.42	$15,480
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	167	0	86.95	3.62	$14,521
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	172	0	92.66	2.91	$15,938
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	168	0	79.82	2.52	$13,410
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	171	0	105.05	2.22	$17,964
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	179	0	96.87	3.24	$17,340
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	182	0	83.62	3.99	$15,219
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	173	0	92.90	4.64	$16,072
May 2011	0	0	98.13	4.40	$0
Apr 2011	134	0	105.96	4.33	$14,199
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	181	0	86.50	4.59	$15,657
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	183	0	78.10	3.51	$14,292
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	358	0	73.68	4.42	$26,377
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	176	0	73.58	5.44	$12,950
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	172	0	71.44	5.48	$12,288
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	174	0	65.54	3.06	$11,404
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	186	0	54.74	3.93	$10,182
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	179	0	42.14	4.06	$7,543
Feb 2009	176	0	32.81	4.63	$5,775
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	162	0	75.24	6.92	$12,189
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	181	0	131.33	13.03	$23,771
May 2008	0	0	123.17	11.57	$0
Apr 2008	169	0	110.31	10.45	$18,642
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	142	0	92.53	8.77	$13,139
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	167	0	88.33	7.30	$14,751
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	170	0	69.06	6.39	$11,740
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	158	0	58.74	7.85	$9,281
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	172	0	56.92	7.30	$9,790
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	172	0	56.65	6.92	$9,744
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	154	0	54.90	6.01	$8,455
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	168	0	69.37	6.34	$11,654
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	177	0	57.59	7.75	$10,193
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	185	0	54.94	13.42	$10,164
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	170	0	52.33	7.38	$8,896
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	178	0	50.37	7.15	$8,966
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	184	0	43.16	6.32	$7,941
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	176	0	43.24	5.28	$7,610
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	174	0	36.10	6.43	$6,281
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	180	0	34.36	5.53	$6,185
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	176	0	30.26	6.30	$5,326
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	178	0	26.31	4.75	$4,683
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	150	0	28.56	5.98	$4,284
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	177	0	30.31	5.58	$5,365
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	180	0	23.65	3.51	$4,257
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	170	0	17.17	2.38	$2,919
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	178	0	18.07	2.41	$3,216
Oct 2001	156	0	19.78	2.53	$3,086
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	177	0	24.87	3.05	$4,402
Jul 2001	166	0	23.93	3.20	$3,972
Jun 2001	0	0	24.56	3.82	$0
May 2001	172	0	25.52	4.31	$4,389
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	166	0	24.54	5.38	$4,074
Feb 2001	179	0	27.75	5.77	$4,967
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	170	0	26.88	9.12	$4,570
Nov 2000	159	0	32.21	5.66	$5,121
Oct 2000	166	0	31.23	5.15	$5,184
Sep 2000	173	0	31.87	5.19	$5,514
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	176	0	29.30	4.40	$5,157
May 2000	176	0	27.26	3.68	$4,798
Apr 2000	175	0	24.51	3.12	$4,289
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	175	0	27.62	2.73	$4,834
Jan 2000	167	0	25.27	2.48	$4,220
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	292	0	23.19	2.43	$6,771
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	164	0	21.75	2.62	$3,567
Aug 1999	163	0	19.26	2.88	$3,139
Jul 1999	171	0	17.89	2.37	$3,059
Jun 1999	157	0	15.94	2.36	$2,503
May 1999	157	0	15.79	2.32	$2,479
Apr 1999	173	0	15.10	2.21	$2,612
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	141	0	9.98	1.82	$1,407
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	178	0	9.20	1.77	$1,638
Nov 1998	116	0	10.89	2.19	$1,263
Oct 1998	111	0	12.42	1.97	$1,379
Sep 1998	118	0	12.59	2.08	$1,486
Aug 1998	148	0	11.30	1.91	$1,672
Jul 1998	284	0	11.74	2.24	$3,334
Jun 1998	0	0	11.24	2.24	$0
May 1998	175	0	12.62	2.21	$2,209
Apr 1998	165	0	13.04	2.51	$2,152
Mar 1998	177	0	12.80	2.31	$2,266
Feb 1998	163	0	13.95	2.30	$2,274
Jan 1998	174	0	14.70	2.15	$2,558
Dec 1997	287	0	16.32	2.41	$4,684
Nov 1997	180	0	18.19	3.09	$3,274
Oct 1997	291	0	19.25	3.15	$5,602
Sep 1997	161	0	17.74	2.95	$2,856
Aug 1997	164	0	17.86	2.55	$2,929
Jul 1997	142	0	17.58	2.25	$2,496
Jun 1997	159	0	17.24	2.26	$2,741
May 1997	0	0	18.97	2.31	$0
Apr 1997	476	0	17.88	2.08	$8,511
Mar 1997	0	0	18.95	1.94	$0
Feb 1997	166	0	20.49	2.21	$3,401
Jan 1997	0	0	23.48	3.54	$0
Dec 1996	0	0	23.32	—	$0
Nov 1996	166	0	21.97	—	$3,647
Oct 1996	152	0	23.31	—	$3,543
Sep 1996	161	0	22.22	—	$3,577
Aug 1996	156	0	20.26	—	$3,161
Jul 1996	180	0	19.55	—	$3,519
Jun 1996	166	0	18.73	—	$3,109
May 1996	154	0	19.43	—	$2,992
Apr 1996	344	0	21.51	—	$7,399
Mar 1996	168	0	19.38	—	$3,256
Feb 1996	174	0	16.98	—	$2,955
Jan 1996	183	0	17.07	—	$3,124
Dec 1995	0	0	17.19	—	$0
Nov 1995	165	0	16.00	—	$2,640
Oct 1995	184	0	15.43	—	$2,839
Sep 1995	146	0	16.18	—	$2,362
Aug 1995	0	0	15.92	—	$0
Jul 1995	0	0	15.24	—	$0
Jun 1995	0	0	16.41	—	$0
May 1995	176	0	17.56	—	$3,091
Apr 1995	164	0	17.73	—	$2,908
Mar 1995	325	0	16.44	—	$5,343
Feb 1995	184	0	16.58	—	$3,051
Jan 1995	311	0	15.92	—	$4,951
Dec 1994	597	0	15.03	—	$8,973
Nov 1994	0	0	15.90	—	$0
Oct 1994	0	0	15.58	—	$0
Sep 1994	0	0	15.29	—	$0
Aug 1994	97	1	16.13	—	$1,565
Jul 1994	84	1	17.56	—	$1,475
Jun 1994	151	1	17.09	—	$2,581
May 1994	0	1	15.88	—	$0
Apr 1994	169	1	14.14	—	$2,390
Mar 1994	183	1	12.46	—	$2,280
Feb 1994	162	1	12.50	—	$2,025
Jan 1994	0	1	12.66	—	$0
Dec 1993	177	1	12.33	—	$2,182
Nov 1993	173	1	14.49	—	$2,507
Oct 1993	152	1	15.85	—	$2,409
Sep 1993	145	1	15.03	—	$2,179
Aug 1993	159	1	15.66	—	$2,490
Jul 1993	170	1	15.46	—	$2,628
Jun 1993	173	1	16.79	—	$2,905
May 1993	181	1	17.68	—	$3,200
Apr 1993	163	1	18.05	—	$2,942
Mar 1993	164	1	18.14	—	$2,975
Feb 1993	180	1	17.90	—	$3,222
Jan 1993	183	1	16.93	—	$3,098

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 2017 — as filed, then multipliedworked

Oil                   40 bbl  × $ 43.87 =     $1,755
Casinghead gas         0 Mcf  × $  3.09 =         $0

────────────────────────────────────────────────────
Month total                                   $1,755

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/O/26614 is the state's own key, not one this site invented.