BALFOUR

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

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the PANHANDLE, WEST field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 121559District 10Field 68831001NGPA filingGasSave Export

Value, all time

$700 k

Jan 1993 – Mar 2012

Value, last 12 filed months

$19 k

at the published price for each month

Months reported

231

no gaps in the span

Streams

gas

The PANHANDLE, WEST 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 4,532 leases and 4,532 wells, and the rule below applies to all of them.

Discovered

1933-02-08

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 2013-11-12.

The Commission's schedule remark for this field reads: “IS HEREBY SUSPENDED.”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Gas	Production	305,124 Mcf	$700,132
Total			$700,132

142,301 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 35.7098, -102.2049. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.70982, -102.20487 · 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

3,657 ft

1 wells filed one

Completion to plug

25.8 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 3,657 ft.

Completions filed

May 1986

1 of 1 wells

Plug dates filed

Mar 2012

1 of 1 wells

Last completion to plug: a median of 25.8 years across the 1 well that filed both dates, with the middle half between 25.8 years and 25.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20530175	9	3,657 ft	May 1986	Mar 2012	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 (231)

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

231 months


Mar 2012	0	105.05	2.22	$0
Feb 2012	0	101.10	2.57	$0
Jan 2012	0	98.09	2.73	$0
Dec 2011	0	96.87	3.24	$0
Nov 2011	0	95.72	3.31	$0
Oct 2011	0	84.98	3.65	$0
Sep 2011	0	83.62	3.99	$0
Aug 2011	0	83.40	4.15	$0
Jul 2011	997	94.14	4.52	$4,504
Jun 2011	1,017	92.90	4.64	$4,719
May 2011	1,474	98.13	4.40	$6,493
Apr 2011	718	105.96	4.33	$3,111
Mar 2011	1,423	96.36	4.06	$5,774
Feb 2011	1,041	85.64	4.18	$4,351
Jan 2011	947	86.50	4.59	$4,346
Dec 2010	1,232	85.73	4.35	$5,356
Nov 2010	978	80.84	3.80	$3,712
Oct 2010	846	78.10	3.51	$2,969
Sep 2010	1,159	72.63	3.98	$4,612
Aug 2010	1,101	73.68	4.42	$4,866
Jul 2010	864	72.55	4.74	$4,092
Jun 2010	1,412	70.36	4.91	$6,933
May 2010	932	71.12	4.24	$3,947
Apr 2010	1,064	81.69	4.12	$4,387
Mar 2010	903	78.39	4.39	$3,963
Feb 2010	674	73.58	5.44	$3,668
Jan 2010	914	74.36	5.96	$5,451
Dec 2009	494	71.44	5.48	$2,709
Nov 2009	1,110	74.59	3.75	$4,164
Oct 2009	1,203	72.54	4.11	$4,945
Sep 2009	55	65.54	3.06	$169
Aug 2009	45	67.42	3.22	$145
Jul 2009	95	61.13	3.46	$329
Jun 2009	126	66.16	3.90	$491
May 2009	132	54.74	3.93	$518
Apr 2009	118	46.77	3.59	$423
Mar 2009	77	42.14	4.06	$313
Feb 2009	77	32.81	4.63	$357
Jan 2009	132	35.86	5.37	$709
Dec 2008	104	37.10	5.98	$622
Nov 2008	315	55.49	6.86	$2,161
Oct 2008	251	75.24	6.92	$1,737
Sep 2008	168	101.76	7.88	$1,323
Aug 2008	128	114.22	8.48	$1,086
Jul 2008	79	131.08	11.39	$900
Jun 2008	45	131.33	13.03	$586
May 2008	92	123.17	11.57	$1,065
Apr 2008	147	110.31	10.45	$1,537
Mar 2008	136	101.90	9.66	$1,314
Feb 2008	63	92.53	8.77	$553
Jan 2008	220	90.38	8.21	$1,805
Dec 2007	371	88.33	7.30	$2,709
Nov 2007	416	91.67	7.29	$3,033
Oct 2007	529	82.85	6.92	$3,662
Sep 2007	561	75.84	6.24	$3,503
Aug 2007	474	69.06	6.39	$3,028
Jul 2007	491	70.90	6.39	$3,136
Jun 2007	623	62.00	7.55	$4,703
May 2007	564	58.74	7.85	$4,425
Apr 2007	369	59.61	7.81	$2,880
Mar 2007	626	56.92	7.30	$4,571
Feb 2007	674	55.10	8.22	$5,538
Jan 2007	637	50.30	6.73	$4,285
Dec 2006	536	56.65	6.92	$3,708
Nov 2006	687	54.20	7.62	$5,233
Oct 2006	687	54.90	6.01	$4,131
Sep 2006	634	60.08	5.04	$3,194
Aug 2006	552	68.71	7.34	$4,052
Jul 2006	660	69.37	6.34	$4,186
Jun 2006	624	66.28	6.38	$3,984
May 2006	424	66.01	6.42	$2,724
Apr 2006	448	64.39	7.36	$3,298
Mar 2006	545	56.70	7.08	$3,860
Feb 2006	399	57.59	7.75	$3,093
Jan 2006	618	60.59	8.93	$5,521
Dec 2005	682	54.94	13.42	$9,149
Nov 2005	599	54.69	10.59	$6,342
Oct 2005	637	58.34	13.80	$8,788
Sep 2005	272	61.45	12.08	$3,285
Aug 2005	727	61.51	9.80	$7,122
Jul 2005	698	55.69	7.84	$5,475
Jun 2005	743	52.33	7.38	$5,484
May 2005	831	45.22	6.65	$5,527
Apr 2005	865	49.20	7.36	$6,367
Mar 2005	969	50.37	7.15	$6,933
Feb 2005	810	45.22	6.31	$5,113
Jan 2005	926	43.16	6.32	$5,854
Dec 2004	972	39.86	6.75	$6,562
Nov 2004	794	45.28	6.33	$5,026
Oct 2004	886	49.70	6.52	$5,772
Sep 2004	1,004	43.24	5.28	$5,305
Aug 2004	999	42.37	5.55	$5,545
Jul 2004	812	38.28	6.08	$4,940
Jun 2004	982	36.10	6.43	$6,317
May 2004	958	37.48	6.49	$6,222
Apr 2004	849	34.47	5.86	$4,974
Mar 2004	994	34.36	5.53	$5,497
Feb 2004	955	32.45	5.51	$5,262
Jan 2004	1,059	32.03	6.30	$6,671
Dec 2003	1,099	30.26	6.30	$6,926
Nov 2003	1,055	28.80	4.60	$4,848
Oct 2003	973	28.17	4.76	$4,631
Sep 2003	1,042	26.31	4.75	$4,949
Aug 2003	978	29.76	5.13	$5,017
Jul 2003	878	29.41	5.17	$4,540
Jun 2003	926	28.56	5.98	$5,540
May 2003	958	26.59	5.97	$5,722
Apr 2003	799	26.67	5.41	$4,320
Mar 2003	917	31.14	6.10	$5,590
Feb 2003	797	33.48	7.93	$6,317
Jan 2003	1,127	30.31	5.58	$6,291
Dec 2002	1,217	26.91	4.85	$5,907
Nov 2002	1,266	24.66	4.14	$5,237
Oct 2002	1,202	26.46	4.23	$5,083
Sep 2002	1,234	27.44	3.64	$4,486
Aug 2002	1,116	25.96	3.16	$3,531
Jul 2002	1,326	24.58	3.06	$4,060
Jun 2002	1,116	23.73	3.34	$3,725
May 2002	1,122	24.66	3.58	$4,021
Apr 2002	935	23.65	3.51	$3,284
Mar 2002	625	22.00	3.10	$1,939
Feb 2002	746	18.22	2.38	$1,772
Jan 2002	876	17.17	2.38	$2,081
Dec 2001	843	16.93	2.36	$1,993
Nov 2001	853	18.07	2.41	$2,052
Oct 2001	975	19.78	2.53	$2,466
Sep 2001	465	24.26	2.25	$1,047
Aug 2001	925	24.87	3.05	$2,824
Jul 2001	522	23.93	3.20	$1,669
Jun 2001	596	24.56	3.82	$2,279
May 2001	75	25.52	4.31	$323
Apr 2001	599	24.68	5.34	$3,196
Mar 2001	1,136	24.54	5.38	$6,108
Feb 2001	1,242	27.75	5.77	$7,163
Jan 2001	1,374	27.47	8.40	$11,540
Dec 2000	1,395	26.88	9.12	$12,726
Nov 2000	1,193	32.21	5.66	$6,750
Oct 2000	1,244	31.23	5.15	$6,401
Sep 2000	1,019	31.87	5.19	$5,285
Aug 2000	950	29.64	4.54	$4,314
Jul 2000	865	28.53	4.09	$3,538
Jun 2000	724	29.30	4.40	$3,184
May 2000	600	27.26	3.68	$2,208
Apr 2000	713	24.51	3.12	$2,222
Mar 2000	1,420	28.42	2.86	$4,061
Feb 2000	1,137	27.62	2.73	$3,100
Jan 2000	1,105	25.27	2.48	$2,741
Dec 1999	1,397	24.28	2.42	$3,386
Nov 1999	1,005	23.19	2.43	$2,446
Oct 1999	1,404	20.98	2.80	$3,936
Sep 1999	959	21.75	2.62	$2,511
Aug 1999	1,413	19.26	2.88	$4,063
Jul 1999	864	17.89	2.37	$2,050
Jun 1999	1,211	15.94	2.36	$2,861
May 1999	1,336	15.79	2.32	$3,101
Apr 1999	1,324	15.10	2.21	$2,923
Mar 1999	1,439	12.47	1.84	$2,645
Feb 1999	1,289	9.98	1.82	$2,343
Jan 1999	1,320	10.38	1.90	$2,508
Dec 1998	1,558	9.20	1.77	$2,763
Nov 1998	1,394	10.89	2.19	$3,047
Oct 1998	1,504	12.42	1.97	$2,962
Sep 1998	1,542	12.59	2.08	$3,211
Aug 1998	1,666	11.30	1.91	$3,178
Jul 1998	1,747	11.74	2.24	$3,909
Jun 1998	1,786	11.24	2.24	$3,996
May 1998	1,688	12.62	2.21	$3,724
Apr 1998	2,208	13.04	2.51	$5,532
Mar 1998	2,059	12.80	2.31	$4,755
Feb 1998	2,062	13.95	2.30	$4,741
Jan 1998	2,686	14.70	2.15	$5,788
Dec 1997	1,936	16.32	2.41	$4,668
Nov 1997	2,024	18.19	3.09	$6,251
Oct 1997	1,624	19.25	3.15	$5,115
Sep 1997	1,763	17.74	2.95	$5,209
Aug 1997	2,139	17.86	2.55	$5,465
Jul 1997	1,953	17.58	2.25	$4,388
Jun 1997	1,573	17.24	2.26	$3,551
May 1997	1,674	18.97	2.31	$3,864
Apr 1997	966	17.88	2.08	$2,012
Mar 1997	1,735	18.95	1.94	$3,364
Feb 1997	1,864	20.49	2.21	$4,112
Jan 1997	2,131	23.48	3.54	$7,543
Dec 1996	2,253	23.32	—	$0
Nov 1996	2,096	21.97	—	$0
Oct 1996	2,202	23.31	—	$0
Sep 1996	2,166	22.22	—	$0
Aug 1996	2,456	20.26	—	$0
Jul 1996	2,444	19.55	—	$0
Jun 1996	2,026	18.73	—	$0
May 1996	2,421	19.43	—	$0
Apr 1996	2,483	21.51	—	$0
Mar 1996	2,528	19.38	—	$0
Feb 1996	2,112	16.98	—	$0
Jan 1996	2,547	17.07	—	$0
Dec 1995	2,498	17.19	—	$0
Nov 1995	2,513	16.00	—	$0
Oct 1995	2,673	15.43	—	$0
Sep 1995	2,794	16.18	—	$0
Aug 1995	2,672	15.92	—	$0
Jul 1995	2,950	15.24	—	$0
Jun 1995	2,563	16.41	—	$0
May 1995	2,786	17.56	—	$0
Apr 1995	2,806	17.73	—	$0
Mar 1995	2,760	16.44	—	$0
Feb 1995	2,698	16.58	—	$0
Jan 1995	3,066	15.92	—	$0
Dec 1994	3,210	15.03	—	$0
Nov 1994	2,982	15.90	—	$0
Oct 1994	3,116	15.58	—	$0
Sep 1994	2,908	15.29	—	$0
Aug 1994	2,919	16.13	—	$0
Jul 1994	2,866	17.56	—	$0
Jun 1994	2,869	17.09	—	$0
May 1994	3,154	15.88	—	$0
Apr 1994	3,163	14.14	—	$0
Mar 1994	3,394	12.46	—	$0
Feb 1994	3,093	12.50	—	$0
Jan 1994	3,608	12.66	—	$0
Dec 1993	3,510	12.33	—	$0
Nov 1993	3,396	14.49	—	$0
Oct 1993	3,839	15.85	—	$0
Sep 1993	3,695	15.03	—	$0
Aug 1993	4,088	15.66	—	$0
Jul 1993	3,821	15.46	—	$0
Jun 1993	3,999	16.79	—	$0
May 1993	3,865	17.68	—	$0
Apr 1993	3,160	18.05	—	$0
Mar 1993	3,826	18.14	—	$0
Feb 1993	3,754	17.90	—	$0
Jan 1993	3,553	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.

Jul 2011 — as filed, then multipliedworked

Gas                  997 Mcf  × $  4.52 =     $4,504

────────────────────────────────────────────────────
Month total                                   $4,504

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/121559 is the state's own key, not one this site invented.