WARE

Operated by P & M CONSTRUCTION (P-5 631145) in the WOLFE field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3992District 09Field 98415001OilCasinghead gasSaveExport
Value, all time
$121 k
Jan 1993 – Aug 2003
Value, last 12 filed months
$450
at the published price for each month
Months reported
128
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 8 leases and 16 wells, and the rule below applies to all of them.

Discovered
1943-04-27
as the register files it
Field class
Oil
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1998-04-14.

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
OilDisposition7,165 bbl$120,195
Casinghead gasProduction10,262 Mcf$785
Total$120,980

10,032 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 (6)

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 33.2471, -98.3454. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

33.24768, -98.34575 · 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%
6 of 6 wells
With a plug date
66.7%
4 of 6 wells
Median depth
3,897 ft
4 wells filed one
Completion to plug
11.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
6100.0%
A plug date is filed
466.7%
BothOn the schedule and plugged. Neither fact cancels the other.
466.7%
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 3,276 and 4,989 ft, median 3,897 ft, over the 4 wells that filed a depth.

Completions filed
Nov 1988
1 of 6 wells; 5 filed none
Plug dates filed
Jul 1970 – Jul 2002
4 of 6 wells; 2 filed none

Last completion to plug: a median of 11.8 years across the 1 well that filed both dates, with the middle half between 11.8 years and 11.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells

42-237024635Yes
42-2378192713,276 ftJul 2002Yes
42-2378192824,518 ftJul 2002Yes
42-237819307Yes
42-2378385094,989 ftJul 1970Yes
42-237043141W3,276 ftNov 1988Aug 2000Yes

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 (128)

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

128 months

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 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 200217026.464.23$450
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 2001164024.685.34$4,048
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 2000130028.534.09$3,709
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 2000165024.513.12$4,044
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 2000174025.272.48$4,397
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 1999159020.982.80$3,336
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 1999155017.892.37$2,773
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 199933115.102.21$501
Mar 19990112.471.84$2
Feb 199914019.981.82$1,399
Jan 19990110.381.90$2
Dec 199814619.201.77$1,345
Nov 19980110.892.19$2
Oct 19980112.421.97$2
Sep 1998160112.592.08$2,016
Aug 1998162111.301.91$1,833
Jul 19980111.742.24$2
Jun 19980111.242.24$2
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980112.802.31$2
Feb 19980013.952.30$0
Jan 19980114.702.15$2
Dec 19970016.322.41$0
Nov 19970118.193.09$3
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970117.862.55$3
Jul 1997125117.582.25$2,200
Jun 19970117.242.26$2
May 19970118.972.31$2
Apr 1997100117.882.08$1,790
Mar 19970118.951.94$2
Feb 19970120.492.21$2
Jan 199711920923.483.54$3,534
Dec 1996020923.32$0
Nov 199615720921.97$3,449
Oct 1996020923.31$0
Sep 1996020922.22$0
Aug 1996020920.26$0
Jul 199613120919.55$2,561
Jun 1996020918.73$0
May 199614720919.43$2,856
Apr 1996020921.51$0
Mar 199618920919.38$3,663
Feb 1996020916.98$0
Jan 1996020917.07$0
Dec 1995020917.19$0
Nov 199513720916.00$2,192
Oct 19959120915.43$1,404
Sep 19955220916.18$841
Aug 1995020915.92$0
Jul 199514320915.24$2,179
Jun 1995020916.41$0
May 199514520917.56$2,546
Apr 1995020917.73$0
Mar 199511820916.44$1,940
Feb 19958420916.58$1,393
Jan 19957120915.92$1,130
Dec 1994020915.03$0
Nov 199414820915.90$2,353
Oct 199415120915.58$2,353
Sep 1994020915.29$0
Aug 199436420916.13$5,871
Jul 199418220917.56$3,196
Jun 199418020917.09$3,076
May 199419220915.88$3,049
Apr 199418820914.14$2,658
Mar 199419320912.46$2,405
Feb 199418720912.50$2,338
Jan 199435020912.66$4,431
Dec 199319120912.33$2,355
Nov 199314320914.49$2,072
Oct 199310820915.85$1,712
Sep 199312220915.03$1,834
Aug 199315120915.66$2,365
Jul 199316220915.46$2,505
Jun 199318320916.79$3,073
May 199328220917.68$4,986
Apr 1993020918.05$0
Mar 199312520918.14$2,268
Feb 1993020917.90$0
Jan 199314920916.93$2,523

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 2002 — as filed, then multipliedworked
Oil                   17 bbl  × $ 26.46 =       $450
Casinghead gas         0 Mcf  × $  4.23 =         $0

────────────────────────────────────────────────────
Month total                                     $450

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/3992 is the state's own key, not one this site invented.