LEE

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

Operated by RAYDON EXPLORATION, INC. (P-5 695569) in the HANSFORD (MORROW, UPPER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 121241District 10Field 38797682CondensateGasSave Export

Value, all time

$230 k

Jan 1993 – May 2004

Value, last 12 filed months

$22 k

at the published price for each month

Months reported

137

no gaps in the span

Streams

condensate, gas

The HANSFORD (MORROW, UPPER) 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 369 leases and 369 wells, and the rule below applies to all of them.

Discovered

1953-10-11

as the register files it

Field class

Gas

the register's own label

Between wells

2,500 ft

minimum

From a lease line

1,250 ft

minimum

A drilling unit in this field needs at least 640 acres.

The Commission's schedule remark for this field reads: “SURVEY”

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
Condensate	Disposition	176 bbl	$3,358
Gas	Production	140,933 Mcf	$226,249
Total			$229,607

71,141 Mcf of this lease's gas, across 47 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 36.3415, -101.2222. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.34151, -101.22222 · 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

7,200 ft

1 wells filed one

Completion to plug

18.3 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 7,200 ft.

Completions filed

Feb 1986

1 of 1 wells

Plug dates filed

May 2004

1 of 1 wells

Last completion to plug: a median of 18.3 years across the 1 well that filed both dates, with the middle half between 18.3 years and 18.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-19530986	2	7,200 ft	Feb 1986	May 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 (137)

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

137 months


May 2004	28	0	37.48	6.49	$1,049
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	521	32.03	6.30	$3,282
Dec 2003	0	561	30.26	6.30	$3,535
Nov 2003	0	300	28.80	4.60	$1,379
Oct 2003	0	386	28.17	4.76	$1,837
Sep 2003	0	572	26.31	4.75	$2,717
Aug 2003	0	379	29.76	5.13	$1,944
Jul 2003	0	678	29.41	5.17	$3,506
Jun 2003	0	441	28.56	5.98	$2,638
May 2003	0	512	26.59	5.97	$3,058
Apr 2003	0	521	26.67	5.41	$2,817
Mar 2003	0	471	31.14	6.10	$2,871
Feb 2003	0	477	33.48	7.93	$3,781
Jan 2003	0	548	30.31	5.58	$3,059
Dec 2002	0	626	26.91	4.85	$3,038
Nov 2002	0	817	24.66	4.14	$3,380
Oct 2002	0	652	26.46	4.23	$2,757
Sep 2002	0	689	27.44	3.64	$2,505
Aug 2002	0	669	25.96	3.16	$2,117
Jul 2002	0	486	24.58	3.06	$1,488
Jun 2002	0	706	23.73	3.34	$2,357
May 2002	0	687	24.66	3.58	$2,462
Apr 2002	0	525	23.65	3.51	$1,844
Mar 2002	0	594	22.00	3.10	$1,843
Feb 2002	0	522	18.22	2.38	$1,240
Jan 2002	0	748	17.17	2.38	$1,777
Dec 2001	0	934	16.93	2.36	$2,208
Nov 2001	0	410	18.07	2.41	$986
Oct 2001	0	759	19.78	2.53	$1,919
Sep 2001	0	877	24.26	2.25	$1,974
Aug 2001	0	730	24.87	3.05	$2,229
Jul 2001	0	653	23.93	3.20	$2,088
Jun 2001	0	728	24.56	3.82	$2,784
May 2001	0	519	25.52	4.31	$2,236
Apr 2001	0	633	24.68	5.34	$3,377
Mar 2001	0	731	24.54	5.38	$3,930
Feb 2001	0	724	27.75	5.77	$4,175
Jan 2001	0	801	27.47	8.40	$6,727
Dec 2000	0	630	26.88	9.12	$5,747
Nov 2000	0	933	32.21	5.66	$5,279
Oct 2000	0	503	31.23	5.15	$2,588
Sep 2000	0	450	31.87	5.19	$2,334
Aug 2000	0	907	29.64	4.54	$4,118
Jul 2000	0	662	28.53	4.09	$2,707
Jun 2000	0	809	29.30	4.40	$3,557
May 2000	0	682	27.26	3.68	$2,510
Apr 2000	0	759	24.51	3.12	$2,365
Mar 2000	0	831	28.42	2.86	$2,376
Feb 2000	0	811	27.62	2.73	$2,211
Jan 2000	0	1,001	25.27	2.48	$2,483
Dec 1999	0	767	24.28	2.42	$1,859
Nov 1999	0	779	23.19	2.43	$1,896
Oct 1999	0	795	20.98	2.80	$2,229
Sep 1999	0	736	21.75	2.62	$1,927
Aug 1999	0	672	19.26	2.88	$1,932
Jul 1999	0	829	17.89	2.37	$1,967
Jun 1999	0	786	15.94	2.36	$1,857
May 1999	0	921	15.79	2.32	$2,138
Apr 1999	0	905	15.10	2.21	$1,998
Mar 1999	0	1,027	12.47	1.84	$1,888
Feb 1999	0	815	9.98	1.82	$1,482
Jan 1999	0	974	10.38	1.90	$1,851
Dec 1998	0	1,819	9.20	1.77	$3,226
Nov 1998	0	892	10.89	2.19	$1,950
Oct 1998	0	791	12.42	1.97	$1,558
Sep 1998	0	1,089	12.59	2.08	$2,268
Aug 1998	0	896	11.30	1.91	$1,709
Jul 1998	0	1,150	11.74	2.24	$2,573
Jun 1998	0	1,188	11.24	2.24	$2,658
May 1998	0	1,163	12.62	2.21	$2,566
Apr 1998	0	1,279	13.04	2.51	$3,204
Mar 1998	0	1,122	12.80	2.31	$2,591
Feb 1998	0	960	13.95	2.30	$2,207
Jan 1998	0	1,095	14.70	2.15	$2,360
Dec 1997	0	1,253	16.32	2.41	$3,021
Nov 1997	0	1,044	18.19	3.09	$3,224
Oct 1997	0	1,325	19.25	3.15	$4,174
Sep 1997	0	1,254	17.74	2.95	$3,705
Aug 1997	0	861	17.86	2.55	$2,200
Jul 1997	0	1,350	17.58	2.25	$3,033
Jun 1997	0	1,431	17.24	2.26	$3,230
May 1997	0	1,357	18.97	2.31	$3,133
Apr 1997	0	940	17.88	2.08	$1,958
Mar 1997	0	1,139	18.95	1.94	$2,209
Feb 1997	0	1,249	20.49	2.21	$2,755
Jan 1997	0	1,574	23.48	3.54	$5,571
Dec 1996	0	1,409	23.32	—	$0
Nov 1996	0	1,204	21.97	—	$0
Oct 1996	0	1,771	23.31	—	$0
Sep 1996	0	1,151	22.22	—	$0
Aug 1996	0	1,185	20.26	—	$0
Jul 1996	0	1,334	19.55	—	$0
Jun 1996	0	1,310	18.73	—	$0
May 1996	0	1,344	19.43	—	$0
Apr 1996	0	1,695	21.51	—	$0
Mar 1996	0	1,461	19.38	—	$0
Feb 1996	0	1,492	16.98	—	$0
Jan 1996	0	1,150	17.07	—	$0
Dec 1995	0	1,128	17.19	—	$0
Nov 1995	0	1,389	16.00	—	$0
Oct 1995	0	1,694	15.43	—	$0
Sep 1995	0	1,579	16.18	—	$0
Aug 1995	0	1,383	15.92	—	$0
Jul 1995	0	959	15.24	—	$0
Jun 1995	0	1,213	16.41	—	$0
May 1995	0	1,418	17.56	—	$0
Apr 1995	0	1,942	17.73	—	$0
Mar 1995	0	1,393	16.44	—	$0
Feb 1995	0	761	16.58	—	$0
Jan 1995	81	1,005	15.92	—	$1,290
Dec 1994	0	1,129	15.03	—	$0
Nov 1994	0	1,353	15.90	—	$0
Oct 1994	0	1,690	15.58	—	$0
Sep 1994	25	1,550	15.29	—	$382
Aug 1994	0	1,934	16.13	—	$0
Jul 1994	0	2,004	17.56	—	$0
Jun 1994	25	1,917	17.09	—	$427
May 1994	0	2,020	15.88	—	$0
Apr 1994	0	2,165	14.14	—	$0
Mar 1994	0	2,469	12.46	—	$0
Feb 1994	0	2,160	12.50	—	$0
Jan 1994	0	1,733	12.66	—	$0
Dec 1993	17	1,166	12.33	—	$210
Nov 1993	0	0	14.49	—	$0
Oct 1993	0	958	15.85	—	$0
Sep 1993	0	2,163	15.03	—	$0
Aug 1993	0	1,366	15.66	—	$0
Jul 1993	0	333	15.46	—	$0
Jun 1993	0	2,139	16.79	—	$0
May 1993	0	1,929	17.68	—	$0
Apr 1993	0	1,849	18.05	—	$0
Mar 1993	0	2,071	18.14	—	$0
Feb 1993	0	1,783	17.90	—	$0
Jan 1993	0	890	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.

May 2004 — as filed, then multipliedworked

Condensate            28 bbl  × $ 37.48 =     $1,049
Gas                    0 Mcf  × $  6.49 =         $0

────────────────────────────────────────────────────
Month total                                   $1,049

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/121241 is the state's own key, not one this site invented.