SHERMAN, NICK

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

Operated by PRECISION OPERATING INC. (P-5 676010) in the OHAGAN (DAVIS, MIDDLE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2867District 09Field 66858332OilCasinghead gasSave Export

Value, all time

$754 k

Jan 1993 – Mar 2005

Value, last 12 filed months

$14 k

at the published price for each month

Months reported

147

no gaps in the span

Streams

oil, casinghead gas

The OHAGAN (DAVIS, MIDDLE) 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 1 leases and 2 wells, and the rule below applies to all of them.

Discovered

1955-02-15

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

300 ft

minimum

A drilling unit in this field needs at least 40 acres.

The Commission's schedule remark for this field reads: “ NET GOR RULE 3000 MCF 7-5-66”

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	19,222 bbl	$381,255
Casinghead gas	Production	203,156 Mcf	$372,281
Total			$753,536

84,831 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 (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 33.6680, -96.6879. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

33.66797, -96.68794 · 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

8,980 ft

2 wells filed one

Completion to plug

16.9 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 8,960 and 9,000 ft, median 8,980 ft, over the 2 wells that filed a depth.

Completions filed

Mar 1988

2 of 2 wells

Plug dates filed

Feb 2005

2 of 2 wells

Last completion to plug: a median of 16.9 years across the 2 wells that filed both dates, with the middle half between 16.9 years and 16.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-18101486	1	8,960 ft	Mar 1988	Feb 2005	Yes
42-18101487	2	9,000 ft	Mar 1988	Feb 2005	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 (147)

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

147 months


Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	283	0	49.70	6.52	$14,065
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	2	37.48	6.49	$13
Apr 2004	0	37	34.47	5.86	$217
Mar 2004	0	102	34.36	5.53	$564
Feb 2004	0	204	32.45	5.51	$1,124
Jan 2004	0	732	32.03	6.30	$4,611
Dec 2003	0	740	30.26	6.30	$4,663
Nov 2003	0	704	28.80	4.60	$3,235
Oct 2003	0	704	28.17	4.76	$3,351
Sep 2003	147	475	26.31	4.75	$6,124
Aug 2003	169	789	29.76	5.13	$9,077
Jul 2003	155	811	29.41	5.17	$8,752
Jun 2003	0	833	28.56	5.98	$4,984
May 2003	0	919	26.59	5.97	$5,489
Apr 2003	185	1,026	26.67	5.41	$10,482
Mar 2003	0	1,032	31.14	6.10	$6,291
Feb 2003	183	667	33.48	7.93	$11,413
Jan 2003	163	936	30.31	5.58	$10,165
Dec 2002	0	987	26.91	4.85	$4,791
Nov 2002	169	970	24.66	4.14	$8,180
Oct 2002	164	1,028	26.46	4.23	$8,687
Sep 2002	0	1,003	27.44	3.64	$3,646
Aug 2002	177	1,070	25.96	3.16	$7,981
Jul 2002	177	1,054	24.58	3.06	$7,578
Jun 2002	0	992	23.73	3.34	$3,312
May 2002	181	1,037	24.66	3.58	$8,180
Apr 2002	169	1,020	23.65	3.51	$7,579
Mar 2002	0	1,071	22.00	3.10	$3,323
Feb 2002	167	968	18.22	2.38	$5,342
Jan 2002	164	990	17.17	2.38	$5,168
Dec 2001	170	943	16.93	2.36	$5,108
Nov 2001	0	927	18.07	2.41	$2,230
Oct 2001	180	950	19.78	2.53	$5,963
Sep 2001	0	971	24.26	2.25	$2,186
Aug 2001	177	1,087	24.87	3.05	$7,721
Jul 2001	168	1,123	23.93	3.20	$7,611
Jun 2001	0	1,157	24.56	3.82	$4,425
May 2001	171	1,288	25.52	4.31	$9,912
Apr 2001	184	629	24.68	5.34	$7,897
Mar 2001	0	809	24.54	5.38	$4,350
Feb 2001	182	858	27.75	5.77	$9,999
Jan 2001	0	971	27.47	8.40	$8,155
Dec 2000	176	918	26.88	9.12	$13,105
Nov 2000	183	948	32.21	5.66	$11,258
Oct 2000	170	1,025	31.23	5.15	$10,583
Sep 2000	174	970	31.87	5.19	$10,576
Aug 2000	181	991	29.64	4.54	$9,865
Jul 2000	0	1,016	28.53	4.09	$4,155
Jun 2000	180	997	29.30	4.40	$9,658
May 2000	183	1,025	27.26	3.68	$8,760
Apr 2000	182	1,014	24.51	3.12	$7,620
Mar 2000	185	1,072	28.42	2.86	$8,323
Feb 2000	183	958	27.62	2.73	$7,666
Jan 2000	0	1,064	25.27	2.48	$2,639
Dec 1999	170	852	24.28	2.42	$6,193
Nov 1999	167	1,062	23.19	2.43	$6,458
Oct 1999	183	1,062	20.98	2.80	$6,817
Sep 1999	183	1,025	21.75	2.62	$6,665
Aug 1999	0	887	19.26	2.88	$2,551
Jul 1999	184	1,041	17.89	2.37	$5,761
Jun 1999	357	1,035	15.94	2.36	$8,135
May 1999	0	934	15.79	2.32	$2,168
Apr 1999	156	1,143	15.10	2.21	$4,879
Mar 1999	164	1,170	12.47	1.84	$4,196
Feb 1999	180	952	9.98	1.82	$3,527
Jan 1999	0	1,122	10.38	1.90	$2,132
Dec 1998	175	1,051	9.20	1.77	$3,474
Nov 1998	162	1,863	10.89	2.19	$5,836
Oct 1998	165	2,433	12.42	1.97	$6,840
Sep 1998	0	2,280	12.59	2.08	$4,748
Aug 1998	337	2,371	11.30	1.91	$8,330
Jul 1998	0	2,396	11.74	2.24	$5,361
Jun 1998	166	2,400	11.24	2.24	$7,235
May 1998	178	2,507	12.62	2.21	$7,778
Apr 1998	162	2,521	13.04	2.51	$8,428
Mar 1998	167	2,624	12.80	2.31	$8,198
Feb 1998	0	2,375	13.95	2.30	$5,460
Jan 1998	181	2,615	14.70	2.15	$8,295
Dec 1997	179	2,611	16.32	2.41	$9,217
Nov 1997	181	2,590	18.19	3.09	$11,291
Oct 1997	0	2,707	19.25	3.15	$8,527
Sep 1997	170	2,523	17.74	2.95	$10,471
Aug 1997	183	2,733	17.86	2.55	$10,250
Jul 1997	182	2,327	17.58	2.25	$8,428
Jun 1997	173	2,579	17.24	2.26	$8,804
May 1997	184	2,788	18.97	2.31	$9,927
Apr 1997	0	2,759	17.88	2.08	$5,746
Mar 1997	174	2,906	18.95	1.94	$8,932
Feb 1997	168	2,676	20.49	2.21	$9,345
Jan 1997	162	2,791	23.48	3.54	$13,683
Dec 1996	168	2,749	23.32	—	$3,918
Nov 1996	0	2,679	21.97	—	$0
Oct 1996	167	2,730	23.31	—	$3,893
Sep 1996	170	2,629	22.22	—	$3,777
Aug 1996	181	2,712	20.26	—	$3,667
Jul 1996	180	2,848	19.55	—	$3,519
Jun 1996	175	2,819	18.73	—	$3,278
May 1996	181	2,774	19.43	—	$3,517
Apr 1996	0	3,004	21.51	—	$0
Mar 1996	179	3,263	19.38	—	$3,469
Feb 1996	180	2,829	16.98	—	$3,056
Jan 1996	183	3,500	17.07	—	$3,124
Dec 1995	186	2,094	17.19	—	$3,197
Nov 1995	182	1,268	16.00	—	$2,912
Oct 1995	0	1,111	15.43	—	$0
Sep 1995	182	1,065	16.18	—	$2,945
Aug 1995	183	1,171	15.92	—	$2,913
Jul 1995	0	1,155	15.24	—	$0
Jun 1995	181	1,155	16.41	—	$2,970
May 1995	184	1,207	17.56	—	$3,231
Apr 1995	149	1,379	17.73	—	$2,642
Mar 1995	183	1,209	16.44	—	$3,009
Feb 1995	0	1,145	16.58	—	$0
Jan 1995	363	1,385	15.92	—	$5,779
Dec 1994	0	1,320	15.03	—	$0
Nov 1994	346	1,248	15.90	—	$5,501
Oct 1994	0	1,339	15.58	—	$0
Sep 1994	163	1,287	15.29	—	$2,492
Aug 1994	181	1,416	16.13	—	$2,920
Jul 1994	0	1,306	17.56	—	$0
Jun 1994	338	1,282	17.09	—	$5,776
May 1994	183	1,248	15.88	—	$2,906
Apr 1994	0	1,140	14.14	—	$0
Mar 1994	178	1,175	12.46	—	$2,218
Feb 1994	323	1,016	12.50	—	$4,038
Jan 1994	130	1,003	12.66	—	$1,646
Dec 1993	39	1,087	12.33	—	$481
Nov 1993	0	1,205	14.49	—	$0
Oct 1993	538	1,211	15.85	—	$8,527
Sep 1993	364	1,699	15.03	—	$5,471
Aug 1993	0	1,705	15.66	—	$0
Jul 1993	368	1,782	15.46	—	$5,689
Jun 1993	364	1,940	16.79	—	$6,112
May 1993	182	1,750	17.68	—	$3,218
Apr 1993	364	1,820	18.05	—	$6,570
Mar 1993	184	2,182	18.14	—	$3,338
Feb 1993	363	1,894	17.90	—	$6,498
Jan 1993	182	1,896	16.93	—	$3,081

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.

Oct 2004 — as filed, then multipliedworked

Oil                  283 bbl  × $ 49.70 =    $14,065
Casinghead gas         0 Mcf  × $  6.52 =         $0

────────────────────────────────────────────────────
Month total                                  $14,065

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/2867 is the state's own key, not one this site invented.