ISAACS

Operated by LINN OPERATING, INC. (P-5 501545) in the GEM-HEMPHILL (DOUGLAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 105592District 10Field 34375100NGPA filingCondensateGasSaveExport
Value, all time
$699 k
Jan 1993 – Jul 2012
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
235
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 9 leases and 10 wells, and the rule below applies to all of them.

Discovered
1975-08-07
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 320 acres.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 11/01/2000.

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
CondensateDisposition539 bbl$15,668
GasProduction322,771 Mcf$683,746
Total$699,413

130,908 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 35.8346, -100.2119. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.83456, -100.21189 · 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
8,400 ft
1 wells filed one
Completion to plug
27.3 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 8,400 ft.

Completions filed
Aug 1982
1 of 1 wells
Plug dates filed
Dec 2009
1 of 1 wells

Last completion to plug: a median of 27.3 years across the 1 well that filed both dates, with the middle half between 27.3 years and 27.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2113136140918,400 ftAug 1982Dec 2009Yes

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 (235)

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

235 months

Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 2012600101.652.00$6,099
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
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 20070058.747.85$0
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 2004035339.866.75$2,383
Nov 200401,04845.286.33$6,634
Oct 200401,12849.706.52$7,349
Sep 200401,25143.245.28$6,610
Aug 200401,31242.375.55$7,282
Jul 200401,25138.286.08$7,611
Jun 200401,14836.106.43$7,385
May 200401,10237.486.49$7,157
Apr 200401,19534.475.86$7,001
Mar 200401,13834.365.53$6,293
Feb 200401,37132.455.51$7,554
Jan 200401,71632.036.30$10,810
Dec 200301,66930.266.30$10,517
Nov 200301,58228.804.60$7,270
Oct 200301,76428.174.76$8,396
Sep 200301,57726.314.75$7,490
Aug 200301,62729.765.13$8,346
Jul 200301,65729.415.17$8,568
Jun 200301,69028.565.98$10,111
May 200301,69926.595.97$10,148
Apr 200301,64026.675.41$8,868
Mar 200301,77831.146.10$10,839
Feb 200301,44833.487.93$11,477
Jan 200301,76730.315.58$9,863
Dec 200201,60126.914.85$7,771
Nov 200201,64124.664.14$6,789
Oct 200201,78626.464.23$7,553
Sep 200251,70327.443.64$6,328
Aug 200201,88125.963.16$5,952
Jul 200201,91224.583.06$5,854
Jun 200201,71323.733.34$5,718
May 200201,71924.663.58$6,161
Apr 200201,56123.653.51$5,483
Mar 200201,67722.003.10$5,203
Feb 200201,59518.222.38$3,789
Jan 200201,95417.172.38$4,642
Dec 200102,04216.932.36$4,828
Nov 200102,01718.072.41$4,852
Oct 200101,99719.782.53$5,050
Sep 200102,12524.262.25$4,784
Aug 200102,06624.873.05$6,308
Jul 200102,13523.933.20$6,826
Jun 200102,04724.563.82$7,828
May 200152,22025.524.31$9,690
Apr 200152,08124.685.34$11,226
Mar 200102,17124.545.38$11,672
Feb 200102,10027.755.77$12,111
Jan 200102,52227.478.40$21,182
Dec 20001661,40326.889.12$17,261
Nov 200001,88232.215.66$10,648
Oct 200002,23431.235.15$11,495
Sep 200002,12531.875.19$11,021
Aug 200001,99129.644.54$9,041
Jul 200002,26628.534.09$9,267
Jun 200002,08029.304.40$9,146
May 200002,38727.263.68$8,784
Apr 200002,21724.513.12$6,908
Mar 200002,09828.422.86$6,000
Feb 200002,04627.622.73$5,578
Jan 200002,07525.272.48$5,147
Dec 199902,12124.282.42$5,141
Nov 199902,26923.192.43$5,523
Oct 199902,44320.982.80$6,849
Sep 199902,25921.752.62$5,916
Aug 199902,41819.262.88$6,953
Jul 199902,54717.892.37$6,042
Jun 199902,34015.942.36$5,527
May 199902,19215.792.32$5,088
Apr 199902,30315.102.21$5,085
Mar 199902,36512.471.84$4,348
Feb 199902,1289.981.82$3,868
Jan 199902,15210.381.90$4,089
Dec 199802,1339.201.77$3,782
Nov 199802,16110.892.19$4,723
Oct 199802,51212.421.97$4,947
Sep 199802,27912.592.08$4,746
Aug 199802,41511.301.91$4,606
Jul 199802,52011.742.24$5,638
Jun 199802,32211.242.24$5,195
May 199802,35912.622.21$5,205
Apr 199802,28613.042.51$5,727
Mar 199802,50212.802.31$5,778
Feb 199802,20513.952.30$5,070
Jan 199802,59014.702.15$5,581
Dec 199702,80316.322.41$6,758
Nov 199702,27518.193.09$7,026
Oct 199702,62219.253.15$8,259
Sep 199702,69617.742.95$7,966
Aug 199702,64717.862.55$6,762
Jul 199702,35517.582.25$5,292
Jun 199702,69817.242.26$6,090
May 199702,54518.972.31$5,875
Apr 199702,51417.882.08$5,236
Mar 199702,68818.951.94$5,212
Feb 199702,72820.492.21$6,018
Jan 199702,49023.483.54$8,814
Dec 199602,32123.32$0
Nov 199602,29321.97$0
Oct 199602,44623.31$0
Sep 199602,93122.22$0
Aug 199602,85720.26$0
Jul 199602,84319.55$0
Jun 199602,88318.73$0
May 199602,86819.43$0
Apr 199602,40321.51$0
Mar 199602,11119.38$0
Feb 199602,15616.98$0
Jan 199602,69017.07$0
Dec 199502,38517.19$0
Nov 199502,58316.00$0
Oct 199502,35215.43$0
Sep 199502,93716.18$0
Aug 199502,66415.92$0
Jul 199502,50215.24$0
Jun 19951172,72116.41$1,920
May 199502,79117.56$0
Apr 199502,61617.73$0
Mar 199503,24616.44$0
Feb 199502,12116.58$0
Jan 199502,88715.92$0
Dec 199402,91715.03$0
Nov 199402,62315.90$0
Oct 199402,89515.58$0
Sep 199402,85015.29$0
Aug 199403,37116.13$0
Jul 199403,19217.56$0
Jun 199403,43617.09$0
May 199402,13715.88$0
Apr 199402,49514.14$0
Mar 199402,52712.46$0
Feb 199402,58912.50$0
Jan 199402,92912.66$0
Dec 199302,48312.33$0
Nov 199303,00214.49$0
Oct 199302,78415.85$0
Sep 199303,49015.03$0
Aug 199302,54315.66$0
Jul 19931812,63315.46$2,798
Jun 199302,57816.79$0
May 199302,06017.68$0
Apr 199302,80918.05$0
Mar 199303,55718.14$0
Feb 199302,51417.90$0
Jan 199303,88716.93$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.

Apr 2012 — as filed, then multipliedworked
Condensate            60 bbl  × $101.65 =     $6,099
Gas                    0 Mcf  × $  2.00 =         $0

────────────────────────────────────────────────────
Month total                                   $6,099

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/105592 is the state's own key, not one this site invented.