FLEETWOOD TRUST 16

Name: FLEETWOOD TRUST 16 lease production and value, Dec 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by DEVON ENERGY PRODUCTION CO, L.P. (P-5 216378) in the WEST PARK (UPPER MORROW) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 162364District 10Field 965374902 tax incentive programmesGasSave Export

Value, all time

$27.0 M

Dec 1996 – May 2007

Value, last 12 filed months

$277 k

at the published price for each month

Months reported

126

no gaps in the span

Streams

gas

The WEST PARK (UPPER MORROW) 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 16 leases and 16 wells, and the rule below applies to all of them.

Discovered

1994-01-01

as the register files it

Field class

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 320 acres. The field rule took effect on 1998-07-28.

The Commission's schedule remark for this field reads: “0219569.”

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
High Cost Gas	1	1	1997-11-24	137512
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	8,893,714 Mcf	$26,957,615
Total			$26,957,615

22,504 Mcf of this lease's gas, across 1 month, 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 35.6014, -100.1846. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.60145, -100.18461 · 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

0.0%

0 of 1 wells

Median depth

15,583 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

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

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 15,583 ft.

Completions filed

Mar 2001

1 of 1 wells

1 well


42-48331466	1	15,583 ft	Mar 2001	—	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 (126)

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

126 months


May 2007	0	58.74	7.85	$0
Apr 2007	99	59.61	7.81	$773
Mar 2007	2,891	56.92	7.30	$21,110
Feb 2007	1,885	55.10	8.22	$15,487
Jan 2007	2,098	50.30	6.73	$14,113
Dec 2006	1,675	56.65	6.92	$11,588
Nov 2006	1,577	54.20	7.62	$12,013
Oct 2006	5,664	54.90	6.01	$34,062
Sep 2006	6,212	60.08	5.04	$31,291
Aug 2006	6,677	68.71	7.34	$49,009
Jul 2006	6,382	69.37	6.34	$40,479
Jun 2006	7,374	66.28	6.38	$47,075
May 2006	5,498	66.01	6.42	$35,325
Apr 2006	5,575	64.39	7.36	$41,035
Mar 2006	7,036	56.70	7.08	$49,835
Feb 2006	8,200	57.59	7.75	$63,559
Jan 2006	12,720	60.59	8.93	$113,632
Dec 2005	12,328	54.94	13.42	$165,385
Nov 2005	13,981	54.69	10.59	$148,036
Oct 2005	23,110	58.34	13.80	$318,820
Sep 2005	19,723	61.45	12.08	$238,234
Aug 2005	18,790	61.51	9.80	$184,083
Jul 2005	0	55.69	7.84	$0
Jun 2005	21,941	52.33	7.38	$161,947
May 2005	14,949	45.22	6.65	$99,428
Apr 2005	13,647	49.20	7.36	$100,448
Mar 2005	6,172	50.37	7.15	$44,160
Feb 2005	1,843	45.22	6.31	$11,633
Jan 2005	7,247	43.16	6.32	$45,817
Dec 2004	27,056	39.86	6.75	$182,657
Nov 2004	25,280	45.28	6.33	$160,033
Oct 2004	23,504	49.70	6.52	$153,131
Sep 2004	4,908	43.24	5.28	$25,933
Aug 2004	1,888	42.37	5.55	$10,480
Jul 2004	7,392	38.28	6.08	$44,974
Jun 2004	9,376	36.10	6.43	$60,316
May 2004	3,357	37.48	6.49	$21,802
Apr 2004	1,928	34.47	5.86	$11,295
Mar 2004	9,251	34.36	5.53	$51,159
Feb 2004	23,097	32.45	5.51	$127,256
Jan 2004	24,364	32.03	6.30	$153,484
Dec 2003	26,506	30.26	6.30	$167,031
Nov 2003	23,785	28.80	4.60	$109,296
Oct 2003	28,615	28.17	4.76	$136,197
Sep 2003	26,195	26.31	4.75	$124,409
Aug 2003	31,428	29.76	5.13	$161,217
Jul 2003	28,159	29.41	5.17	$145,606
Jun 2003	31,362	28.56	5.98	$187,638
May 2003	33,148	26.59	5.97	$197,982
Apr 2003	32,711	26.67	5.41	$176,878
Mar 2003	33,764	31.14	6.10	$205,827
Feb 2003	28,540	33.48	7.93	$226,205
Jan 2003	34,369	30.31	5.58	$191,849
Dec 2002	33,220	26.91	4.85	$161,242
Nov 2002	34,825	24.66	4.14	$144,070
Oct 2002	40,372	26.46	4.23	$170,738
Sep 2002	41,683	27.44	3.64	$151,526
Aug 2002	43,413	25.96	3.16	$137,366
Jul 2002	45,816	24.58	3.06	$140,278
Jun 2002	46,774	23.73	3.34	$156,143
May 2002	49,389	24.66	3.58	$177,010
Apr 2002	35,664	23.65	3.51	$125,263
Mar 2002	12,072	22.00	3.10	$37,456
Feb 2002	19,755	18.22	2.38	$46,932
Jan 2002	46,830	17.17	2.38	$111,253
Dec 2001	49,994	16.93	2.36	$118,206
Nov 2001	49,988	18.07	2.41	$120,247
Oct 2001	52,471	19.78	2.53	$132,693
Sep 2001	50,158	24.26	2.25	$112,922
Aug 2001	59,786	24.87	3.05	$182,536
Jul 2001	64,513	23.93	3.20	$206,253
Jun 2001	65,694	24.56	3.82	$251,224
May 2001	64,707	25.52	4.31	$278,714
Apr 2001	66,520	24.68	5.34	$354,905
Mar 2001	74,663	24.54	5.38	$401,421
Feb 2001	37,470	27.75	5.77	$216,092
Jan 2001	28,501	27.47	8.40	$239,373
Dec 2000	48,290	26.88	9.12	$440,526
Nov 2000	46,947	32.21	5.66	$265,626
Oct 2000	40,631	31.23	5.15	$209,067
Sep 2000	49,334	31.87	5.19	$255,871
Aug 2000	55,092	29.64	4.54	$250,159
Jul 2000	45,427	28.53	4.09	$185,785
Jun 2000	51,248	29.30	4.40	$225,350
May 2000	68,029	27.26	3.68	$250,330
Apr 2000	72,574	24.51	3.12	$226,141
Mar 2000	73,364	28.42	2.86	$209,803
Feb 2000	77,642	27.62	2.73	$211,691
Jan 2000	79,794	25.27	2.48	$197,929
Dec 1999	85,671	24.28	2.42	$207,643
Nov 1999	87,165	23.19	2.43	$212,159
Oct 1999	92,765	20.98	2.80	$260,086
Sep 1999	85,640	21.75	2.62	$224,278
Aug 1999	90,864	19.26	2.88	$261,289
Jul 1999	103,990	17.89	2.37	$246,703
Jun 1999	108,894	15.94	2.36	$257,219
May 1999	118,962	15.79	2.32	$276,113
Apr 1999	112,992	15.10	2.21	$249,492
Mar 1999	119,817	12.47	1.84	$220,263
Feb 1999	92,471	9.98	1.82	$168,093
Jan 1999	121,615	10.38	1.90	$231,062
Dec 1998	125,938	9.20	1.77	$223,328
Nov 1998	123,507	10.89	2.19	$269,952
Oct 1998	122,634	12.42	1.97	$241,492
Sep 1998	100,340	12.59	2.08	$208,970
Aug 1998	118,086	11.30	1.91	$225,231
Jul 1998	130,965	11.74	2.24	$293,004
Jun 1998	133,029	11.24	2.24	$297,622
May 1998	142,013	12.62	2.21	$313,329
Apr 1998	151,659	13.04	2.51	$379,956
Mar 1998	161,318	12.80	2.31	$372,554
Feb 1998	161,598	13.95	2.30	$371,535
Jan 1998	193,696	14.70	2.15	$417,374
Dec 1997	210,752	16.32	2.41	$508,144
Nov 1997	217,464	18.19	3.09	$671,585
Oct 1997	259,791	19.25	3.15	$818,295
Sep 1997	269,590	17.74	2.95	$796,606
Aug 1997	295,799	17.86	2.55	$755,690
Jul 1997	314,942	17.58	2.25	$707,656
Jun 1997	333,452	17.24	2.26	$752,668
May 1997	376,134	18.97	2.31	$868,305
Apr 1997	399,100	17.88	2.08	$831,238
Mar 1997	443,991	18.95	1.94	$860,961
Feb 1997	217,475	20.49	2.21	$479,728
Jan 1997	69,164	23.48	3.54	$244,820
Dec 1996	22,504	23.32	—	$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 2007 — as filed, then multipliedworked

Gas                   99 Mcf  × $  7.81 =       $773

────────────────────────────────────────────────────
Month total                                     $773

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/162364 is the state's own key, not one this site invented.