WELLS, R. T.

Operated by SOUTHLAKE EXPLORATION, INC. (P-5 805550) in the PADGITT, SW. (CADDO, LO.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27526District 09Field 68320300OilCasinghead gasSave
Value, all time
$552 k
Jan 1993 – Oct 2007
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
178
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition23,138 bbl$552,100
Casinghead gasProduction87 Mcf$381
Total$552,481

21 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 33.2504, -98.9236. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.25039, -98.92364 · 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
4,590 ft
1 wells filed one
Completion to plug
18.0 years
median over 1 wells

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 4,590 ft.

Completions filed
Aug 1989
1 of 1 wells
Plug dates filed
Aug 2007
1 of 1 wells

Last completion to plug: a median of 18.0 years across the 1 well that filed both dates, with the middle half between 18.0 years and 18.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-5033711814,590 ftAug 1989Aug 2007Yes

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 (178)

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

178 months

Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 200790069.066.39$6,215
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060156.656.92$7
Nov 200688154.207.62$4,777
Oct 200676154.906.01$4,178
Sep 200664160.085.04$3,850
Aug 2006100168.717.34$6,878
Jul 200670169.376.34$4,862
Jun 200697166.286.38$6,436
May 200683166.016.42$5,485
Apr 2006119164.397.36$7,670
Mar 200663156.707.08$3,579
Feb 200681157.597.75$4,673
Jan 2006106160.598.93$6,431
Dec 200587154.9413.42$4,793
Nov 2005103154.6910.59$5,644
Oct 200577158.3413.80$4,506
Sep 2005106161.4512.08$6,526
Aug 200598161.519.80$6,038
Jul 2005101155.697.84$5,633
Jun 2005106152.337.38$5,554
May 200589145.226.65$4,031
Apr 2005105049.207.36$5,166
Mar 2005132050.377.15$6,649
Feb 200579045.226.31$3,572
Jan 2005145043.166.32$6,258
Dec 2004183139.866.75$7,301
Nov 20040145.286.33$6
Oct 20040149.706.52$7
Sep 2004109143.245.28$4,718
Aug 20040142.375.55$6
Jul 2004110138.286.08$4,217
Jun 2004109136.106.43$3,941
May 2004131137.486.49$4,916
Apr 2004174134.475.86$6,004
Mar 200455134.365.53$1,895
Feb 200436132.455.51$1,174
Jan 2004160132.036.30$5,131
Dec 200399130.266.30$3,002
Nov 200383128.804.60$2,395
Oct 2003160128.174.76$4,512
Sep 200363126.314.75$1,662
Aug 2003123129.765.13$3,666
Jul 2003159129.415.17$4,681
Jun 2003105128.565.98$3,005
May 2003117126.595.97$3,117
Apr 2003109126.675.41$2,912
Mar 200382131.146.10$2,560
Feb 2003138133.487.93$4,628
Jan 2003173130.315.58$5,249
Dec 200290126.914.85$2,427
Nov 200289124.664.14$2,199
Oct 2002140126.464.23$3,709
Sep 2002155127.443.64$4,257
Aug 2002413125.963.16$10,725
Jul 20020124.583.06$3
Jun 20020123.733.34$3
May 20020124.663.58$4
Apr 20020123.653.51$4
Mar 20020122.003.10$3
Feb 200287118.222.38$1,588
Jan 2002143117.172.38$2,458
Dec 2001137116.932.36$2,322
Nov 2001100118.072.41$1,809
Oct 2001148119.782.53$2,930
Sep 2001121124.262.25$2,938
Aug 2001121124.873.05$3,012
Jul 2001133123.933.20$3,186
Jun 2001116124.563.82$2,853
May 2001138125.524.31$3,526
Apr 2001138124.685.34$3,411
Mar 2001250124.545.38$6,140
Feb 2001181027.755.77$5,023
Jan 20010027.478.40$0
Dec 2000170026.889.12$4,570
Nov 2000167032.215.66$5,379
Oct 20000031.235.15$0
Sep 2000165031.875.19$5,259
Aug 2000172029.644.54$5,098
Jul 2000176028.534.09$5,021
Jun 2000175029.304.40$5,128
May 20000027.263.68$0
Apr 2000181024.513.12$4,436
Mar 2000174028.422.86$4,945
Feb 2000172027.622.73$4,751
Jan 20000025.272.48$0
Dec 1999344024.282.42$8,352
Nov 19990023.192.43$0
Oct 1999183020.982.80$3,839
Sep 1999164021.752.62$3,567
Aug 1999155019.262.88$2,985
Jul 1999171017.892.37$3,059
Jun 19990015.942.36$0
May 1999117015.792.32$1,847
Apr 1999168015.102.21$2,537
Mar 19990012.471.84$0
Feb 199917309.981.82$1,727
Jan 1999179010.381.90$1,858
Dec 199816809.201.77$1,546
Nov 1998170010.892.19$1,851
Oct 19980012.421.97$0
Sep 1998159012.592.08$2,002
Aug 1998164011.301.91$1,853
Jul 1998168011.742.24$1,972
Jun 1998169011.242.24$1,900
May 1998178012.622.21$2,246
Apr 1998159013.042.51$2,073
Mar 19980012.802.31$0
Feb 1998182013.952.30$2,539
Jan 1998178014.702.15$2,617
Dec 1997168016.322.41$2,742
Nov 1997313018.193.09$5,693
Oct 1997339019.253.15$6,526
Sep 1997173017.742.95$3,069
Aug 19970017.862.55$0
Jul 1997178017.582.25$3,129
Jun 199788017.242.26$1,517
May 1997245018.972.31$4,648
Apr 19970017.882.08$0
Mar 1997168018.951.94$3,184
Feb 1997181020.492.21$3,709
Jan 1997155023.483.54$3,639
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 1996165022.22$3,666
Aug 1996177020.26$3,586
Jul 1996178019.55$3,480
Jun 1996157018.73$2,941
May 1996174019.43$3,381
Apr 1996179021.51$3,850
Mar 1996178019.38$3,450
Feb 1996337016.98$5,722
Jan 1996171017.07$2,919
Dec 1995176017.19$3,025
Nov 19950016.00$0
Oct 1995161015.43$2,484
Sep 1995180016.18$2,912
Aug 1995162015.92$2,579
Jul 1995175015.24$2,667
Jun 1995178016.41$2,921
May 1995335017.56$5,883
Apr 1995177017.73$3,138
Mar 1995349016.44$5,738
Feb 1995338016.58$5,604
Jan 1995170015.92$2,706
Dec 1994149015.03$2,239
Nov 1994158015.90$2,512
Oct 19940015.58$0
Sep 1994174115.29$2,660
Aug 1994169116.13$2,726
Jul 1994459117.56$8,060
Jun 19940117.09$0
May 1994175115.88$2,779
Apr 1994177114.14$2,503
Mar 1994348112.46$4,336
Feb 1994174112.50$2,175
Jan 1994172112.66$2,178
Dec 1993343112.33$4,229
Nov 1993164114.49$2,376
Oct 19930115.85$0
Sep 1993236115.03$3,547
Aug 1993318115.66$4,980
Jul 1993166115.46$2,566
Jun 1993349116.79$5,860
May 19930117.68$0
Apr 1993347118.05$6,263
Mar 1993171118.14$3,102
Feb 1993172117.90$3,079
Jan 1993248116.93$4,199

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 2007 — as filed, then multipliedworked
Oil                   90 bbl  × $ 69.06 =     $6,215
Casinghead gas         0 Mcf  × $  6.39 =         $0

────────────────────────────────────────────────────
Month total                                   $6,215

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/27526 is the state's own key, not one this site invented.