SMITH, M. L., -B-

Operated by CHOLLA PETROLEUM, INC. (P-5 150683) in the GRESHAM (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3701District 09Field 36852500OilCasinghead gasSaveExport
Value, all time
$139 k
Jan 1993 – Feb 2008
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
182
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 9 leases and 13 wells, and the rule below applies to all of them.

Discovered
1950-03-10
as the register files it
Field class
Oil
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.

StreamBasisVolumeValue
OilDisposition7,563 bbl$139,317
Casinghead gasProduction19 Mcf$0
Total$139,317

19 Mcf of this lease's gas, across 19 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 33.2587, -98.2564. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

33.25875, -98.25639 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
3,331 ft
2 wells filed one
Completion to plug
51.7 years
median over 1 well

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 3,311 and 3,350 ft, median 3,331 ft, over the 2 wells that filed a depth.

Completions filed
Nov 1954
1 of 2 wells; 1 filed none
Plug dates filed
Jul 2006 – May 2011
2 of 2 wells

Last completion to plug: a median of 51.7 years across the 1 well that filed both dates, with the middle half between 51.7 years and 51.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-2370872913,350 ftMay 2011Yes
42-2378175123,311 ftNov 1954Jul 2006Yes

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 (182)

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

182 months

Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 200740058.747.85$2,350
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 200334028.804.60$979
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 2003134031.146.10$4,173
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 2002203025.963.16$5,270
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 2002123022.003.10$2,706
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 2001115018.072.41$2,078
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 2001123023.933.20$2,943
Jun 20010024.563.82$0
May 200174025.524.31$1,888
Apr 20010024.685.34$0
Mar 2001122024.545.38$2,994
Feb 20010027.755.77$0
Jan 2001119027.478.40$3,269
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 2000109031.235.15$3,404
Sep 20000031.875.19$0
Aug 2000117029.644.54$3,468
Jul 20000028.534.09$0
Jun 2000119029.304.40$3,487
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 199984023.192.43$1,948
Oct 1999127020.982.80$2,664
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 1999110017.892.37$1,968
Jun 19990015.942.36$0
May 1999121015.792.32$1,911
Apr 19990015.102.21$0
Mar 1999128012.471.84$1,596
Feb 1999009.981.82$0
Jan 1999125010.381.90$1,298
Dec 1998009.201.77$0
Nov 1998127010.892.19$1,383
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 1998123011.301.91$1,390
Jul 19980011.742.24$0
Jun 1998118011.242.24$1,326
May 19980012.622.21$0
Apr 1998246013.042.51$3,208
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 1997126016.322.41$2,056
Nov 19970018.193.09$0
Oct 1997129019.253.15$2,483
Sep 19970017.742.95$0
Aug 1997109017.862.55$1,947
Jul 1997147017.582.25$2,584
Jun 1997131017.242.26$2,258
May 19970018.972.31$0
Apr 1997131017.882.08$2,342
Mar 19970018.951.94$0
Feb 1997137020.492.21$2,807
Jan 19970023.483.54$0
Dec 1996121023.32$2,822
Nov 1996126021.97$2,768
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 1996128019.55$2,502
Jun 1996131018.73$2,454
May 19960019.43$0
Apr 1996133021.51$2,861
Mar 19960019.38$0
Feb 1996123016.98$2,089
Jan 19960017.07$0
Dec 1995131017.19$2,252
Nov 19950016.00$0
Oct 1995135015.43$2,083
Sep 19950016.18$0
Aug 1995122015.92$1,942
Jul 19950015.24$0
Jun 1995121016.41$1,986
May 1995129017.56$2,265
Apr 19950017.73$0
Mar 1995134016.44$2,203
Feb 19950016.58$0
Jan 1995126015.92$2,006
Dec 1994134015.03$2,014
Nov 19940015.90$0
Oct 1994131015.58$2,041
Sep 1994131015.29$2,003
Aug 19940016.13$0
Jul 1994126117.56$2,213
Jun 1994134117.09$2,290
May 19940115.88$0
Apr 1994123114.14$1,739
Mar 1994132112.46$1,645
Feb 1994130112.50$1,625
Jan 19940112.66$0
Dec 1993138112.33$1,702
Nov 1993235114.49$3,405
Oct 19930115.85$0
Sep 19930115.03$0
Aug 199387115.66$1,362
Jul 1993127115.46$1,963
Jun 1993132116.79$2,216
May 1993124117.68$2,192
Apr 19930118.05$0
Mar 1993120118.14$2,177
Feb 1993123117.90$2,202
Jan 1993125116.93$2,116

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.

May 2007 — as filed, then multipliedworked
Oil                   40 bbl  × $ 58.74 =     $2,350
Casinghead gas         0 Mcf  × $  7.85 =         $0

────────────────────────────────────────────────────
Month total                                   $2,350

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/3701 is the state's own key, not one this site invented.