TEAS

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

Operated by CHESAPEAKE OPERATING, L.L.C. (P-5 147699) in the WATERFIELD (MORROW UPPER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 137721District 10Field 95453500CondensateGasSave Export

Value, all time

$16.5 M

Jan 1993 – Apr 2015

Value, last 12 filed months

at the published price for each month

Months reported

268

no gaps in the span

Streams

condensate, gas

The WATERFIELD (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 9 leases and 9 wells, and the rule below applies to all of them.

Discovered

1983-06-27

as the register files it

Field class

Gas

the register's own label

Between wells

3,735 ft

minimum

From a lease line

1,867 ft

minimum

A drilling unit in this field needs at least 640 acres. The field rule took effect on 1984-01-23.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 07/01/98.”

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	18 bbl	$1,208
Gas	Production	9,577,538 Mcf	$16,531,363
Total			$16,532,571

5,341,437 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 35.7119, -100.2973. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.71191, -100.29730 · 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

14,030 ft

1 wells filed one

Completion to plug

24.4 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 14,030 ft.

Completions filed

Dec 1990

1 of 1 wells

Plug dates filed

May 2015

1 of 1 wells

Last completion to plug: a median of 24.4 years across the 1 well that filed both dates, with the middle half between 24.4 years and 24.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-21131938	3	14,030 ft	Dec 1990	May 2015	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 (268)

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

268 months


Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	1,114	93.96	4.28	$4,771
Mar 2013	0	2,295	93.62	3.91	$8,980
Feb 2013	0	2,414	91.23	3.42	$8,256
Jan 2013	0	646	91.60	3.42	$2,209
Dec 2012	0	781	86.77	3.42	$2,671
Nov 2012	2	1,970	86.95	3.62	$7,315
Oct 2012	0	1,699	89.38	3.40	$5,776
Sep 2012	0	1,049	94.67	2.92	$3,061
Aug 2012	0	1,200	92.66	2.91	$3,490
Jul 2012	0	1,650	85.13	3.02	$4,984
Jun 2012	0	1,499	79.82	2.52	$3,776
May 2012	0	1,023	91.61	2.49	$2,546
Apr 2012	0	2,556	101.65	2.00	$5,104
Mar 2012	0	946	105.05	2.22	$2,102
Feb 2012	0	1,098	101.10	2.57	$2,822
Jan 2012	0	735	98.09	2.73	$2,010
Dec 2011	0	1,510	96.87	3.24	$4,892
Nov 2011	0	4,266	95.72	3.31	$14,126
Oct 2011	0	2,469	84.98	3.65	$9,008
Sep 2011	0	1,989	83.62	3.99	$7,928
Aug 2011	0	2,146	83.40	4.15	$8,904
Jul 2011	0	1,654	94.14	4.52	$7,472
Jun 2011	0	1,916	92.90	4.64	$8,890
May 2011	0	1,937	98.13	4.40	$8,532
Apr 2011	0	424	105.96	4.33	$1,837
Mar 2011	0	785	96.36	4.06	$3,185
Feb 2011	0	1,321	85.64	4.18	$5,522
Jan 2011	0	2,851	86.50	4.59	$13,083
Dec 2010	0	1,087	85.73	4.35	$4,726
Nov 2010	0	2,527	80.84	3.80	$9,591
Oct 2010	0	2,652	78.10	3.51	$9,306
Sep 2010	0	2,018	72.63	3.98	$8,031
Aug 2010	0	2,015	73.68	4.42	$8,905
Jul 2010	0	1,881	72.55	4.74	$8,909
Jun 2010	0	1,869	70.36	4.91	$9,178
May 2010	0	2,791	71.12	4.24	$11,821
Apr 2010	0	4,242	81.69	4.12	$17,488
Mar 2010	0	4,176	78.39	4.39	$18,327
Feb 2010	0	3,165	73.58	5.44	$17,225
Jan 2010	0	1,077	74.36	5.96	$6,423
Dec 2009	0	2,913	71.44	5.48	$15,974
Nov 2009	0	2,646	74.59	3.75	$9,926
Oct 2009	0	3,983	72.54	4.11	$16,371
Sep 2009	1	3,563	65.54	3.06	$10,985
Aug 2009	0	3,657	67.42	3.22	$11,770
Jul 2009	0	3,767	61.13	3.46	$13,051
Jun 2009	0	3,824	66.16	3.90	$14,894
May 2009	0	5,281	54.74	3.93	$20,732
Apr 2009	0	4,998	46.77	3.59	$17,930
Mar 2009	0	4,869	42.14	4.06	$19,763
Feb 2009	0	5,247	32.81	4.63	$24,309
Jan 2009	0	5,163	35.86	5.37	$27,730
Dec 2008	1	5,479	37.10	5.98	$32,786
Nov 2008	0	4,682	55.49	6.86	$32,120
Oct 2008	0	5,507	75.24	6.92	$38,119
Sep 2008	1	5,929	101.76	7.88	$46,805
Aug 2008	0	4,889	114.22	8.48	$41,473
Jul 2008	0	5,109	131.08	11.39	$58,189
Jun 2008	0	4,804	131.33	13.03	$62,609
May 2008	0	5,290	123.17	11.57	$61,228
Apr 2008	0	4,541	110.31	10.45	$47,476
Mar 2008	1	6,091	101.90	9.66	$58,966
Feb 2008	0	6,306	92.53	8.77	$55,307
Jan 2008	0	5,747	90.38	8.21	$47,158
Dec 2007	0	4,778	88.33	7.30	$34,889
Nov 2007	1	4,558	91.67	7.29	$33,327
Oct 2007	0	6,485	82.85	6.92	$44,889
Sep 2007	0	7,918	75.84	6.24	$49,441
Aug 2007	1	7,055	69.06	6.39	$45,136
Jul 2007	0	8,592	70.90	6.39	$54,885
Jun 2007	1	5,874	62.00	7.55	$44,402
May 2007	0	1,876	58.74	7.85	$14,720
Apr 2007	0	1,376	59.61	7.81	$10,740
Mar 2007	1	512	56.92	7.30	$3,796
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	4	3,126	50.30	6.73	$21,229
Dec 2006	0	9,907	56.65	6.92	$68,541
Nov 2006	1	11,115	54.20	7.62	$84,722
Oct 2006	1	13,277	54.90	6.01	$79,900
Sep 2006	0	9,211	60.08	5.04	$46,398
Aug 2006	1	16,644	68.71	7.34	$122,234
Jul 2006	1	12,046	69.37	6.34	$76,474
Jun 2006	0	16,838	66.28	6.38	$107,492
May 2006	0	15,313	66.01	6.42	$98,386
Apr 2006	0	17,344	64.39	7.36	$127,660
Mar 2006	0	16,282	56.70	7.08	$115,324
Feb 2006	0	8,506	57.59	7.75	$65,931
Jan 2006	0	19,957	60.59	8.93	$178,282
Dec 2005	0	14,174	54.94	13.42	$190,150
Nov 2005	0	11,601	54.69	10.59	$122,836
Oct 2005	0	16,737	58.34	13.80	$230,900
Sep 2005	0	19,679	61.45	12.08	$237,703
Aug 2005	0	15,611	61.51	9.80	$152,938
Jul 2005	0	11,155	55.69	7.84	$87,496
Jun 2005	0	5,300	52.33	7.38	$39,120
May 2005	0	15,336	45.22	6.65	$102,002
Apr 2005	0	18,248	49.20	7.36	$134,314
Mar 2005	0	20,710	50.37	7.15	$148,178
Feb 2005	0	17,313	45.22	6.31	$109,278
Jan 2005	0	19,363	43.16	6.32	$122,417
Dec 2004	0	20,790	39.86	6.75	$140,355
Nov 2004	0	19,121	45.28	6.33	$121,044
Oct 2004	0	21,298	49.70	6.52	$138,759
Sep 2004	0	17,015	43.24	5.28	$89,906
Aug 2004	0	21,845	42.37	5.55	$121,254
Jul 2004	0	22,654	38.28	6.08	$137,831
Jun 2004	0	21,698	36.10	6.43	$139,584
May 2004	0	17,581	37.48	6.49	$114,181
Apr 2004	0	20,392	34.47	5.86	$119,466
Mar 2004	0	18,213	34.36	5.53	$100,720
Feb 2004	0	20,063	32.45	5.51	$110,540
Jan 2004	0	18,578	32.03	6.30	$117,035
Dec 2003	0	21,979	30.26	6.30	$138,504
Nov 2003	0	23,203	28.80	4.60	$106,622
Oct 2003	0	24,406	28.17	4.76	$116,164
Sep 2003	0	23,057	26.31	4.75	$109,506
Aug 2003	0	24,695	29.76	5.13	$126,678
Jul 2003	0	24,197	29.41	5.17	$125,119
Jun 2003	0	24,988	28.56	5.98	$149,502
May 2003	0	25,532	26.59	5.97	$152,494
Apr 2003	0	28,378	26.67	5.41	$153,448
Mar 2003	0	28,772	31.14	6.10	$175,395
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	28,072	30.31	5.58	$156,699
Dec 2002	0	25,874	26.91	4.85	$125,586
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	29,826	27.44	3.64	$108,423
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	27,300	24.58	3.06	$83,586
Jun 2002	0	24,290	23.73	3.34	$81,086
May 2002	0	30,847	24.66	3.58	$110,556
Apr 2002	0	29,344	23.65	3.51	$103,066
Mar 2002	0	31,814	22.00	3.10	$98,710
Feb 2002	0	29,479	18.22	2.38	$70,033
Jan 2002	0	30,063	17.17	2.38	$71,420
Dec 2001	0	33,682	16.93	2.36	$79,638
Nov 2001	0	30,827	18.07	2.41	$74,155
Oct 2001	0	33,417	19.78	2.53	$84,508
Sep 2001	0	32,609	24.26	2.25	$73,413
Aug 2001	0	32,772	24.87	3.05	$100,058
Jul 2001	0	34,613	23.93	3.20	$110,661
Jun 2001	0	33,728	24.56	3.82	$128,981
May 2001	0	33,657	25.52	4.31	$144,971
Apr 2001	0	35,421	24.68	5.34	$188,982
Mar 2001	0	31,160	24.54	5.38	$167,530
Feb 2001	0	32,825	27.75	5.77	$189,304
Jan 2001	0	36,371	27.47	8.40	$305,471
Dec 2000	0	37,390	26.88	9.12	$341,090
Nov 2000	0	37,447	32.21	5.66	$211,875
Oct 2000	0	39,509	31.23	5.15	$203,294
Sep 2000	0	36,874	31.87	5.19	$191,247
Aug 2000	0	40,761	29.64	4.54	$185,086
Jul 2000	0	39,769	28.53	4.09	$162,645
Jun 2000	0	39,920	29.30	4.40	$175,538
May 2000	0	41,306	27.26	3.68	$151,996
Apr 2000	0	41,128	24.51	3.12	$128,155
Mar 2000	0	43,283	28.42	2.86	$123,779
Feb 2000	0	41,512	27.62	2.73	$113,182
Jan 2000	0	44,237	25.27	2.48	$109,730
Dec 1999	0	45,473	24.28	2.42	$110,214
Nov 1999	0	44,911	23.19	2.43	$109,313
Oct 1999	0	44,927	20.98	2.80	$125,962
Sep 1999	0	42,698	21.75	2.62	$111,820
Aug 1999	0	46,674	19.26	2.88	$134,216
Jul 1999	0	45,883	17.89	2.37	$108,851
Jun 1999	0	46,422	15.94	2.36	$109,653
May 1999	0	48,924	15.79	2.32	$113,554
Apr 1999	0	46,857	15.10	2.21	$103,463
Mar 1999	0	50,851	12.47	1.84	$93,481
Feb 1999	0	45,842	9.98	1.82	$83,331
Jan 1999	0	49,920	10.38	1.90	$94,846
Dec 1998	0	52,970	9.20	1.77	$93,933
Nov 1998	0	52,139	10.89	2.19	$113,961
Oct 1998	0	54,983	12.42	1.97	$108,273
Sep 1998	0	52,879	12.59	2.08	$110,127
Aug 1998	0	57,475	11.30	1.91	$109,625
Jul 1998	0	58,574	11.74	2.24	$131,046
Jun 1998	0	55,565	11.24	2.24	$124,314
May 1998	0	59,166	12.62	2.21	$130,540
Apr 1998	0	58,800	13.04	2.51	$147,313
Mar 1998	0	61,185	12.80	2.31	$141,303
Feb 1998	0	57,141	13.95	2.30	$131,375
Jan 1998	0	61,186	14.70	2.15	$131,843
Dec 1997	0	61,328	16.32	2.41	$147,868
Nov 1997	0	64,086	18.19	3.09	$197,914
Oct 1997	0	58,536	19.25	3.15	$184,378
Sep 1997	0	48,461	17.74	2.95	$143,196
Aug 1997	0	51,897	17.86	2.55	$132,583
Jul 1997	0	61,746	17.58	2.25	$138,740
Jun 1997	0	59,830	17.24	2.26	$135,048
May 1997	0	63,088	18.97	2.31	$145,639
Apr 1997	0	61,917	17.88	2.08	$128,959
Mar 1997	0	63,340	18.95	1.94	$122,825
Feb 1997	0	61,386	20.49	2.21	$135,411
Jan 1997	0	85,914	23.48	3.54	$304,110
Dec 1996	0	71,288	23.32	—	$0
Nov 1996	0	67,007	21.97	—	$0
Oct 1996	0	73,954	23.31	—	$0
Sep 1996	0	69,639	22.22	—	$0
Aug 1996	0	74,908	20.26	—	$0
Jul 1996	0	76,157	19.55	—	$0
Jun 1996	0	75,849	18.73	—	$0
May 1996	0	82,083	19.43	—	$0
Apr 1996	0	79,285	21.51	—	$0
Mar 1996	0	85,584	19.38	—	$0
Feb 1996	0	80,575	16.98	—	$0
Jan 1996	0	88,664	17.07	—	$0
Dec 1995	0	91,064	17.19	—	$0
Nov 1995	0	87,987	16.00	—	$0
Oct 1995	0	92,514	15.43	—	$0
Sep 1995	0	92,158	16.18	—	$0
Aug 1995	0	93,626	15.92	—	$0
Jul 1995	0	96,564	15.24	—	$0
Jun 1995	0	95,565	16.41	—	$0
May 1995	0	101,820	17.56	—	$0
Apr 1995	0	97,263	17.73	—	$0
Mar 1995	0	105,216	16.44	—	$0
Feb 1995	0	96,886	16.58	—	$0
Jan 1995	0	108,076	15.92	—	$0
Dec 1994	0	108,279	15.03	—	$0
Nov 1994	0	110,403	15.90	—	$0
Oct 1994	0	113,321	15.58	—	$0
Sep 1994	0	115,502	15.29	—	$0
Aug 1994	0	122,709	16.13	—	$0
Jul 1994	0	124,368	17.56	—	$0
Jun 1994	0	119,003	17.09	—	$0
May 1994	0	129,423	15.88	—	$0
Apr 1994	0	117,655	14.14	—	$0
Mar 1994	0	132,942	12.46	—	$0
Feb 1994	0	116,307	12.50	—	$0
Jan 1994	0	138,787	12.66	—	$0
Dec 1993	0	142,008	12.33	—	$0
Nov 1993	0	141,755	14.49	—	$0
Oct 1993	0	122,131	15.85	—	$0
Sep 1993	0	139,295	15.03	—	$0
Aug 1993	0	153,684	15.66	—	$0
Jul 1993	0	153,477	15.46	—	$0
Jun 1993	0	150,467	16.79	—	$0
May 1993	0	165,022	17.68	—	$0
Apr 1993	0	155,011	18.05	—	$0
Mar 1993	0	162,145	18.14	—	$0
Feb 1993	0	141,187	17.90	—	$0
Jan 1993	0	182,824	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.

Apr 2013 — as filed, then multipliedworked

Condensate             0 bbl  × $ 93.96 =         $0
Gas                1,114 Mcf  × $  4.28 =     $4,771

────────────────────────────────────────────────────
Month total                                   $4,771

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/137721 is the state's own key, not one this site invented.