SCHULTZ "B"

Operated by BP AMERICA PRODUCTION COMPANY (P-5 40798) in the BRADFORD (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 156616District 10Field 112262002 tax incentive programmesCondensateGasSaveExport
Value, all time
$675 k
Oct 1995 – Jun 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
153
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 141 leases and 152 wells, and the rule below applies to all of them.

Discovered
1959-09-16
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2002-10-01.

The Commission's schedule remark for this field reads: 53869 270 EFF 4/5/11.

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
High Cost Gas111996-03-11134540
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
CondensateDisposition1,759 bbl$38,841
GasProduction272,240 Mcf$635,715
Total$674,556

91,000 Mcf of this lease's gas, across 15 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 36.2970, -100.3645. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.29700, -100.36448 · 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
7,800 ft
1 wells filed one
Completion to plug
no well filed both dates

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 7,800 ft.

Plug dates filed
Jun 2008
1 of 1 wells

1 well

42-2953224747,800 ftJun 2008Yes

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 (153)

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

153 months

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 2005059345.226.65$3,944
Apr 2005098149.207.36$7,221
Mar 2005090150.377.15$6,447
Feb 2005093945.226.31$5,927
Jan 2005091843.166.32$5,804
Dec 200401,02339.866.75$6,906
Nov 200418398745.286.33$14,534
Oct 200401,07549.706.52$7,004
Sep 2004084843.245.28$4,481
Aug 200401,05242.375.55$5,839
Jul 200401,04838.286.08$6,376
Jun 200401,09336.106.43$7,031
May 200401,12037.486.49$7,274
Apr 200401,08234.475.86$6,339
Mar 200401,14234.365.53$6,315
Feb 200401,06232.455.51$5,851
Jan 200401,14732.036.30$7,226
Dec 200301,07230.266.30$6,755
Nov 200301,14928.804.60$5,280
Oct 200301,20528.174.76$5,735
Sep 200301,18526.314.75$5,628
Aug 200301,26329.765.13$6,479
Jul 200301,34129.415.17$6,934
Jun 200301,14428.565.98$6,845
May 200301,16426.595.97$6,952
Apr 200301,31226.675.41$7,094
Mar 200301,24931.146.10$7,614
Feb 200301,12033.487.93$8,877
Jan 200301,19730.315.58$6,682
Dec 200201,24626.914.85$6,048
Nov 200201,24324.664.14$5,142
Oct 200201,36326.464.23$5,764
Sep 200201,35027.443.64$4,908
Aug 200201,30825.963.16$4,139
Jul 200201,39124.583.06$4,259
Jun 200201,40223.733.34$4,680
May 200201,45724.663.58$5,222
Apr 200201,37823.653.51$4,840
Mar 20021711,44822.003.10$8,255
Feb 200201,29518.222.38$3,077
Jan 200201,48417.172.38$3,526
Dec 200101,51016.932.36$3,570
Nov 200101,47418.072.41$3,546
Oct 200101,53319.782.53$3,877
Sep 200101,52124.262.25$3,424
Aug 200101,54024.873.05$4,702
Jul 200101,49823.933.20$4,789
Jun 200101,46224.563.82$5,591
May 200101,63825.524.31$7,055
Apr 200101,60324.685.34$8,553
Mar 200101,65724.545.38$8,909
Feb 200101,50527.755.77$8,679
Jan 200101,71227.478.40$14,379
Dec 200001,62426.889.12$14,815
Nov 200001,68032.215.66$9,505
Oct 200001,81231.235.15$9,324
Sep 200001,80731.875.19$9,372
Aug 200001,91329.644.54$8,686
Jul 20001791,94428.534.09$13,057
Jun 200002,09629.304.40$9,217
May 200001,94227.263.68$7,146
Apr 200001,92224.513.12$5,989
Mar 200001,88428.422.86$5,388
Feb 200001,89227.622.73$5,159
Jan 200002,02925.272.48$5,033
Dec 199901,69124.282.42$4,099
Nov 199901,82823.192.43$4,449
Oct 199901,78120.982.80$4,993
Sep 199902,21221.752.62$5,793
Aug 199902,47719.262.88$7,123
Jul 19991632,25017.892.37$8,254
Jun 199901,85315.942.36$4,377
May 199902,02015.792.32$4,688
Apr 199901,66715.102.21$3,681
Mar 199902,16512.471.84$3,980
Feb 199901,9599.981.82$3,561
Jan 199932,31010.381.90$4,420
Dec 199803,0269.201.77$5,366
Nov 199802,59510.892.19$5,672
Oct 199802,90012.421.97$5,711
Sep 199802,35612.592.08$4,907
Aug 199802,47411.301.91$4,719
Jul 19981861,89211.742.24$6,417
Jun 199802,28611.242.24$5,114
May 199803,10012.622.21$6,840
Apr 199802,34613.042.51$5,878
Mar 199803,27312.802.31$7,559
Feb 199802,66513.952.30$6,127
Jan 199803,27514.702.15$7,057
Dec 199702,28116.322.41$5,500
Nov 199702,39018.193.09$7,381
Oct 1997932,68919.253.15$10,260
Sep 199702,44517.742.95$7,225
Aug 199702,75417.862.55$7,036
Jul 199702,86917.582.25$6,446
Jun 199702,70517.242.26$6,106
May 199703,06018.972.31$7,064
Apr 19971943,01517.882.08$9,748
Mar 199703,41718.951.94$6,626
Feb 199703,82120.492.21$8,429
Jan 199704,41823.483.54$15,638
Dec 199603,02623.32$0
Nov 199603,37221.97$0
Oct 199603,79223.31$0
Sep 19961983,64522.22$4,400
Aug 199604,18520.26$0
Jul 199604,61819.55$0
Jun 199604,46318.73$0
May 199604,89619.43$0
Apr 199605,18021.51$0
Mar 19961995,55819.38$3,857
Feb 199606,25116.98$0
Jan 199608,09217.07$0
Dec 1995010,61717.19$0
Nov 199519013,53816.00$3,040
Oct 199509,76715.43$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 2005 — as filed, then multipliedworked
Condensate             0 bbl  × $ 45.22 =         $0
Gas                  593 Mcf  × $  6.65 =     $3,944

────────────────────────────────────────────────────
Month total                                   $3,944

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/156616 is the state's own key, not one this site invented.