GRAHAM UNIT

Operated by GUINN INVESTMENTS, INC. (P-5 337485) in the GRACE-GUINN (CADDO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 29622District 09Field 36209075OilCasinghead gasSaveExport
Value, all time
$1.6 M
Feb 1999 – Nov 2016
Value, last 12 filed months
$13 k
at the published price for each month
Months reported
214
no gaps in the span
Streams
2
oil, casinghead 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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered
1998-08-05
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1998-10-14.

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
OilDisposition35,059 bbl$1,514,206
Casinghead gasProduction22,666 Mcf$68,916
Total$1,583,121

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 33.2177, -98.5897. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.21770, -98.58974 · 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
4,472 ft
1 wells filed one
Completion to plug
17.7 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 4,472 ft.

Completions filed
Feb 1999
1 of 1 wells
Plug dates filed
Oct 2016
1 of 1 wells

Last completion to plug: a median of 17.7 years across the 1 well that filed both dates, with the middle half between 17.7 years and 17.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-5034092814,472 ftFeb 1999Oct 2016Yes

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 (214)

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

214 months

Nov 20160042.492.64$0
Oct 20161046.193.09$46
Sep 2016162041.553.10$6,731
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 2016147042.521.99$6,250
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20161026.472.06$26
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 2015159048.152.95$7,656
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20151044.662.98$45
Jan 20150043.433.10$0
Dec 2014145054.693.59$7,930
Nov 20141070.464.25$70
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 2014165089.394.04$14,749
Jul 20140096.564.18$0
Jun 20141098.164.74$98
May 20140094.734.73$0
Apr 2014165095.944.81$15,830
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 2013160088.853.74$14,216
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 20131690102.523.72$17,326
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 2013118093.964.28$11,087
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 2013154091.603.42$14,106
Dec 20120086.773.42$0
Nov 2012150086.953.62$13,043
Oct 20120089.383.40$0
Sep 2012154094.672.92$14,579
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 2012174079.822.52$13,889
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 2011161095.723.31$15,411
Oct 20110084.983.65$0
Sep 2011171083.623.99$14,299
Aug 20110083.404.15$0
Jul 2011167094.144.52$15,721
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 20111610105.964.33$17,060
Mar 20110096.364.06$0
Feb 2011169085.644.18$14,473
Jan 20110086.504.59$0
Dec 2010167085.734.35$14,317
Nov 20100080.843.80$0
Oct 2010163078.103.51$12,730
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 2010188071.124.24$13,371
Apr 20100081.694.12$0
Mar 2010161078.394.39$12,621
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 2009178071.445.48$12,716
Nov 2009181074.593.75$13,501
Oct 20090072.544.11$0
Sep 2009151065.543.06$9,897
Aug 2009153067.423.22$10,315
Jul 2009156061.133.46$9,536
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 2009316042.144.06$13,316
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 2008153037.105.98$5,676
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 20081330101.767.88$13,534
Aug 200800114.228.48$0
Jul 20081740131.0811.39$22,808
Jun 20081580131.3313.03$20,750
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 20081540101.909.66$15,693
Feb 2008157092.538.77$14,527
Jan 20080090.388.21$0
Dec 2007175088.337.30$15,458
Nov 2007189091.677.29$17,326
Oct 2007183082.856.92$15,162
Sep 2007179075.846.24$13,575
Aug 2007361069.066.39$24,931
Jul 2007181070.906.39$12,833
Jun 20070062.007.55$0
May 2007179058.747.85$10,514
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 2007184055.108.22$10,138
Jan 2007351050.306.73$17,655
Dec 2006182056.656.92$10,310
Nov 2006184054.207.62$9,973
Oct 2006180054.906.01$9,882
Sep 2006183060.085.04$10,995
Aug 2006515068.717.34$35,386
Jul 2006179069.376.34$12,417
Jun 2006171066.286.38$11,334
May 20061066.016.42$66
Apr 2006174064.397.36$11,204
Mar 2006163056.707.08$9,242
Feb 2006527057.597.75$30,350
Jan 2006155060.598.93$9,391
Dec 2005329054.9413.42$18,075
Nov 2005520054.6910.59$28,439
Oct 2005181058.3413.80$10,560
Sep 2005324061.4512.08$19,910
Aug 2005437061.519.80$26,880
Jul 2005368055.697.84$20,494
Jun 2005327052.337.38$17,112
May 2005363045.226.65$16,415
Apr 2005365049.207.36$17,958
Mar 2005361050.377.15$18,184
Feb 2005366045.226.31$16,551
Jan 2005537043.166.32$23,177
Dec 2004538039.866.75$21,445
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 2004309043.245.28$13,361
Aug 2004364042.375.55$15,423
Jul 2004256038.286.08$9,800
Jun 2004361036.106.43$13,032
May 2004363037.486.49$13,605
Apr 2004532034.475.86$18,338
Mar 2004360034.365.53$12,370
Feb 2004171032.455.51$5,549
Jan 2004508032.036.30$16,271
Dec 2003546030.266.30$16,522
Nov 2003176028.804.60$5,069
Oct 2003694028.174.76$19,550
Sep 2003182026.314.75$4,788
Aug 2003362029.765.13$10,773
Jul 2003491029.415.17$14,440
Jun 2003337028.565.98$9,625
May 2003503026.595.97$13,375
Apr 2003529026.675.41$14,108
Mar 20036021731.146.10$18,850
Feb 2003353033.487.93$11,818
Jan 2003503030.315.58$15,246
Dec 2002355026.914.85$9,553
Nov 2002720024.664.14$17,755
Oct 2002173026.464.23$4,578
Sep 2002534027.443.64$14,653
Aug 20023561025.963.16$9,273
Jul 20021303824.583.06$3,312
Jun 20023286323.733.34$7,994
May 20021638324.663.58$4,317
Apr 20023476123.653.51$8,421
Mar 200204622.003.10$143
Feb 200203718.222.38$88
Jan 20021043417.172.38$1,866
Dec 20011811316.932.36$3,095
Nov 200101818.072.41$43
Oct 20011231919.782.53$2,481
Sep 200104624.262.25$104
Aug 200105624.873.05$171
Jul 2001485223.933.20$1,315
Jun 2001617224.563.82$1,774
May 200107825.524.31$336
Apr 2001439724.685.34$1,579
Mar 200110515524.545.38$3,410
Feb 2001020727.755.77$1,194
Jan 200113325827.478.40$5,820
Dec 2000032326.889.12$2,947
Nov 200011835232.215.66$5,792
Oct 200011344031.235.15$5,793
Sep 200013644031.875.19$6,616
Aug 200015545529.644.54$6,660
Jul 200016338728.534.09$6,233
Jun 200015734629.304.40$6,122
May 200012551327.263.68$5,295
Apr 200030656624.513.12$9,264
Mar 2000071028.422.86$2,030
Feb 200018075827.622.73$7,038
Jan 200018090425.272.48$6,791
Dec 19993241,07624.282.42$10,475
Nov 19991661,24923.192.43$6,890
Oct 19993061,45420.982.80$10,496
Sep 19995391,80821.752.62$16,458
Aug 19993372,07319.262.88$12,452
Jul 19996921,91317.892.37$16,918
Jun 19994891,27815.942.36$10,813
May 19995061,65615.792.32$11,833
Apr 19997211,82115.102.21$14,908
Mar 19991,72968412.471.84$22,818
Feb 1999009.981.82$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.

Oct 2016 — as filed, then multipliedworked
Oil                    1 bbl  × $ 46.19 =        $46
Casinghead gas         0 Mcf  × $  3.09 =         $0

────────────────────────────────────────────────────
Month total                                      $46

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/29622 is the state's own key, not one this site invented.