SMITH, VESTER L.

Operated by BP AMERICA PRODUCTION COMPANY (P-5 40798) in the LIPSCOMB, E. (MORROW LO.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 103596District 10Field 53870350NGPA filingCondensateGasSaveExport
Value, all time
$238 k
Jan 1993 – Sep 2004
Value, last 12 filed months
$0
at the published price for each month
Months reported
141
no gaps in the span
Streams
2
condensate, 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 3 leases and 3 wells, and the rule below applies to all of them.

Discovered
1982-02-24
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED EFF. 4/1/93

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition1,529 bbl$26,298
GasProduction251,075 Mcf$211,291
Total$237,589

171,786 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 (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 36.2542, -100.0202. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.25421, -100.02021 · 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
10,450 ft
1 wells filed one
Completion to plug
21.8 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 10,450 ft.

Completions filed
Dec 1982
1 of 1 wells
Plug dates filed
Sep 2004
1 of 1 wells

Last completion to plug: a median of 21.8 years across the 1 well that filed both dates, with the middle half between 21.8 years and 21.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-29531207210,450 ftDec 1982Sep 2004Yes

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 (141)

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

141 months

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 20030028.804.60$0
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 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 20027026.464.23$185
Sep 20025027.443.64$137
Aug 20023025.963.16$78
Jul 20023024.583.06$74
Jun 20024023.733.34$95
May 20023024.663.58$74
Apr 20024023.653.51$95
Mar 20023022.003.10$66
Feb 20023018.222.38$55
Jan 20020017.172.38$0
Dec 20014016.932.36$68
Nov 20013018.072.41$54
Oct 20010019.782.53$0
Sep 200103924.262.25$88
Aug 200109824.873.05$299
Jul 2001014223.933.20$454
Jun 2001038024.563.82$1,453
May 2001029325.524.31$1,262
Apr 2001042824.685.34$2,284
Mar 2001017324.545.38$930
Feb 2001043427.755.77$2,503
Jan 2001034027.478.40$2,856
Dec 2000057526.889.12$5,245
Nov 2000062032.215.66$3,508
Oct 2000052131.235.15$2,681
Sep 2000068931.875.19$3,574
Aug 2000080529.644.54$3,655
Jul 2000069028.534.09$2,822
Jun 2000052829.304.40$2,322
May 2000068227.263.68$2,510
Apr 2000055424.513.12$1,726
Mar 200001,27328.422.86$3,640
Feb 200001,16227.622.73$3,168
Jan 200001,55325.272.48$3,852
Dec 199901,19724.282.42$2,901
Nov 199901,37223.192.43$3,339
Oct 199901,89720.982.80$5,319
Sep 19991381,79221.752.62$7,694
Aug 199901,32319.262.88$3,804
Jul 199901,52817.892.37$3,625
Jun 1999081315.942.36$1,920
May 1999052915.792.32$1,228
Apr 1999074015.102.21$1,634
Mar 199901,44212.471.84$2,651
Feb 1999831,6189.981.82$3,770
Jan 199971,24510.381.90$2,438
Dec 1998331,3039.201.77$2,614
Nov 199801,62010.892.19$3,541
Oct 199801,92312.421.97$3,787
Sep 199802,21112.592.08$4,605
Aug 199801,50911.301.91$2,878
Jul 199801,80811.742.24$4,045
Jun 199801,87711.242.24$4,199
May 199802,00112.622.21$4,415
Apr 199801,69513.042.51$4,247
Mar 199801,90812.802.31$4,406
Feb 199801,65713.952.30$3,810
Jan 199801,86114.702.15$4,010
Dec 199702,23216.322.41$5,382
Nov 199702,58718.193.09$7,989
Oct 199702,71619.253.15$8,555
Sep 199702,54517.742.95$7,520
Aug 199702,60217.862.55$6,647
Jul 199702,64817.582.25$5,950
Jun 199702,37317.242.26$5,356
May 199702,74818.972.31$6,344
Apr 199702,48117.882.08$5,167
Mar 199702,91618.951.94$5,655
Feb 199702,27820.492.21$5,025
Jan 199702,31523.483.54$8,194
Dec 199602,61123.32$0
Nov 19961912,83821.97$4,196
Oct 199602,77823.31$0
Sep 199602,56322.22$0
Aug 199602,62020.26$0
Jul 199602,64019.55$0
Jun 199602,51418.73$0
May 199612,48919.43$19
Apr 199602,27021.51$0
Mar 199602,67019.38$0
Feb 199602,09716.98$0
Jan 199602,75817.07$0
Dec 199502,85317.19$0
Nov 199502,95916.00$0
Oct 19951963,05115.43$3,024
Sep 199503,36516.18$0
Aug 199503,61815.92$0
Jul 199543,65615.24$61
Jun 199502,95916.41$0
May 199502,95917.56$0
Apr 199503,31017.73$0
Mar 199503,43116.44$0
Feb 19952083,23116.58$3,449
Jan 199503,70015.92$0
Dec 199493,95915.03$135
Nov 199403,99815.90$0
Oct 199404,56615.58$0
Sep 199404,39215.29$0
Aug 199404,61616.13$0
Jul 199404,56817.56$0
Jun 19942034,32117.09$3,469
May 199404,65615.88$0
Apr 199404,08014.14$0
Mar 199404,48312.46$0
Feb 199403,99912.50$0
Jan 199404,47512.66$0
Dec 199304,03012.33$0
Nov 19932064,29114.49$2,985
Oct 199304,57115.85$0
Sep 199304,37615.03$0
Aug 199304,34215.66$0
Jul 199303,73015.46$0
Jun 199303,62516.79$0
May 199304,14417.68$0
Apr 199303,87918.05$0
Mar 19932084,77618.14$3,773
Feb 199303,14117.90$0
Jan 199304,82816.93$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 2002 — as filed, then multipliedworked
Condensate             7 bbl  × $ 26.46 =       $185
Gas                    0 Mcf  × $  4.23 =         $0

────────────────────────────────────────────────────
Month total                                     $185

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. 10/G/103596 is the state's own key, not one this site invented.