HOBBS

Name: HOBBS lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by HOBBS, P. M. (P-5 390612) in the PANHANDLE, EAST field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 107658District 10Field 68826001GasSave Export

Value, all time

$18 k

Jan 1993 – Jan 2004

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

133

no gaps in the span

Streams

gas

The PANHANDLE, EAST field

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 2,114 leases and 2,114 wells, and the rule below applies to all of them.

Discovered

1935-12-10

as the register files it

Field class

Gas

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1989-05-01.

The Commission's schedule remark for this field reads: “67% ACRES X SIWP + (PLUS) 33% DELIVERABILITY”

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.

Stream	Basis	Volume	Value
Gas	Production	8,738 Mcf	$17,997
Total			$17,997

3,534 Mcf of this lease's gas, across 36 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 35.2619, -100.1827. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.26193, -100.18272 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

2,230 ft

1 wells filed one

Completion to plug

20.3 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 2,230 ft.

Completions filed

Sep 1983

1 of 1 wells

Plug dates filed

Jan 2004

1 of 1 wells

Last completion to plug: a median of 20.3 years across the 1 well that filed both dates, with the middle half between 20.3 years and 20.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-48331135	1	2,230 ft	Sep 1983	Jan 2004	Yes

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 (133)

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

133 months


Jan 2004	39	32.03	6.30	$246
Dec 2003	63	30.26	6.30	$397
Nov 2003	60	28.80	4.60	$276
Oct 2003	63	28.17	4.76	$300
Sep 2003	64	26.31	4.75	$304
Aug 2003	71	29.76	5.13	$364
Jul 2003	62	29.41	5.17	$321
Jun 2003	57	28.56	5.98	$341
May 2003	59	26.59	5.97	$352
Apr 2003	53	26.67	5.41	$287
Mar 2003	55	31.14	6.10	$335
Feb 2003	49	33.48	7.93	$388
Jan 2003	55	30.31	5.58	$307
Dec 2002	57	26.91	4.85	$277
Nov 2002	60	24.66	4.14	$248
Oct 2002	63	26.46	4.23	$266
Sep 2002	57	27.44	3.64	$207
Aug 2002	56	25.96	3.16	$177
Jul 2002	61	24.58	3.06	$187
Jun 2002	59	23.73	3.34	$197
May 2002	58	24.66	3.58	$208
Apr 2002	54	23.65	3.51	$190
Mar 2002	23	22.00	3.10	$71
Feb 2002	17	18.22	2.38	$40
Jan 2002	54	17.17	2.38	$128
Dec 2001	56	16.93	2.36	$132
Nov 2001	56	18.07	2.41	$135
Oct 2001	65	19.78	2.53	$164
Sep 2001	55	24.26	2.25	$124
Aug 2001	64	24.87	3.05	$195
Jul 2001	67	23.93	3.20	$214
Jun 2001	59	24.56	3.82	$226
May 2001	61	25.52	4.31	$263
Apr 2001	58	24.68	5.34	$309
Mar 2001	59	24.54	5.38	$317
Feb 2001	46	27.75	5.77	$265
Jan 2001	51	27.47	8.40	$428
Dec 2000	53	26.88	9.12	$483
Nov 2000	61	32.21	5.66	$345
Oct 2000	61	31.23	5.15	$314
Sep 2000	62	31.87	5.19	$322
Aug 2000	68	29.64	4.54	$309
Jul 2000	68	28.53	4.09	$278
Jun 2000	61	29.30	4.40	$268
May 2000	57	27.26	3.68	$210
Apr 2000	59	24.51	3.12	$184
Mar 2000	57	28.42	2.86	$163
Feb 2000	61	27.62	2.73	$166
Jan 2000	58	25.27	2.48	$144
Dec 1999	58	24.28	2.42	$141
Nov 1999	61	23.19	2.43	$148
Oct 1999	65	20.98	2.80	$182
Sep 1999	68	21.75	2.62	$178
Aug 1999	76	19.26	2.88	$219
Jul 1999	68	17.89	2.37	$161
Jun 1999	75	15.94	2.36	$177
May 1999	66	15.79	2.32	$153
Apr 1999	72	15.10	2.21	$159
Mar 1999	75	12.47	1.84	$138
Feb 1999	71	9.98	1.82	$129
Jan 1999	71	10.38	1.90	$135
Dec 1998	68	9.20	1.77	$121
Nov 1998	98	10.89	2.19	$214
Oct 1998	79	12.42	1.97	$156
Sep 1998	77	12.59	2.08	$160
Aug 1998	74	11.30	1.91	$141
Jul 1998	76	11.74	2.24	$170
Jun 1998	78	11.24	2.24	$175
May 1998	78	12.62	2.21	$172
Apr 1998	60	13.04	2.51	$150
Mar 1998	65	12.80	2.31	$150
Feb 1998	49	13.95	2.30	$113
Jan 1998	55	14.70	2.15	$119
Dec 1997	59	16.32	2.41	$142
Nov 1997	64	18.19	3.09	$198
Oct 1997	64	19.25	3.15	$202
Sep 1997	63	17.74	2.95	$186
Aug 1997	66	17.86	2.55	$169
Jul 1997	52	17.58	2.25	$117
Jun 1997	64	17.24	2.26	$144
May 1997	60	18.97	2.31	$139
Apr 1997	62	17.88	2.08	$129
Mar 1997	67	18.95	1.94	$130
Feb 1997	56	20.49	2.21	$124
Jan 1997	52	23.48	3.54	$184
Dec 1996	55	23.32	—	$0
Nov 1996	56	21.97	—	$0
Oct 1996	57	23.31	—	$0
Sep 1996	58	22.22	—	$0
Aug 1996	59	20.26	—	$0
Jul 1996	60	19.55	—	$0
Jun 1996	59	18.73	—	$0
May 1996	57	19.43	—	$0
Apr 1996	61	21.51	—	$0
Mar 1996	57	19.38	—	$0
Feb 1996	63	16.98	—	$0
Jan 1996	61	17.07	—	$0
Dec 1995	63	17.19	—	$0
Nov 1995	62	16.00	—	$0
Oct 1995	61	15.43	—	$0
Sep 1995	71	16.18	—	$0
Aug 1995	26	15.92	—	$0
Jul 1995	29	15.24	—	$0
Jun 1995	0	16.41	—	$0
May 1995	0	17.56	—	$0
Apr 1995	0	17.73	—	$0
Mar 1995	0	16.44	—	$0
Feb 1995	63	16.58	—	$0
Jan 1995	70	15.92	—	$0
Dec 1994	61	15.03	—	$0
Nov 1994	64	15.90	—	$0
Oct 1994	53	15.58	—	$0
Sep 1994	58	15.29	—	$0
Aug 1994	66	16.13	—	$0
Jul 1994	63	17.56	—	$0
Jun 1994	65	17.09	—	$0
May 1994	62	15.88	—	$0
Apr 1994	65	14.14	—	$0
Mar 1994	62	12.46	—	$0
Feb 1994	67	12.50	—	$0
Jan 1994	0	12.66	—	$0
Dec 1993	0	12.33	—	$0
Nov 1993	703	14.49	—	$0
Oct 1993	615	15.85	—	$0
Sep 1993	22	15.03	—	$0
Aug 1993	0	15.66	—	$0
Jul 1993	0	15.46	—	$0
Jun 1993	108	16.79	—	$0
May 1993	252	17.68	—	$0
Apr 1993	0	18.05	—	$0
Mar 1993	0	18.14	—	$0
Feb 1993	0	17.90	—	$0
Jan 1993	0	16.93	—	$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.

Jan 2004 — as filed, then multipliedworked

Gas                   39 Mcf  × $  6.30 =       $246

────────────────────────────────────────────────────
Month total                                     $246

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/107658 is the state's own key, not one this site invented.