CONVERSE

Name: CONVERSE lease production and value, Feb 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FAULCONER, VERNON E., INC. (P-5 263701) in the LIPS, WEST (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 163481District 10Field 538545002 tax incentive programmesCondensateGasSave Export

Value, all time

$542 k

Feb 1997 – Nov 2011

Value, last 12 filed months

$15 k

at the published price for each month

Months reported

178

no gaps in the span

Streams

condensate, gas

The LIPS, WEST (CLEVELAND) 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 45 leases and 45 wells, and the rule below applies to all of them.

Discovered

1958-02-06

as the register files it

Field class

Oil and 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 field rule took effect on 1961-09-01.

The Commission's schedule remark for this field reads: “PETRO (CLEVELAND) FLD 68735120 EFC 5/1/11”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1997-08-18	136929
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
Condensate	Disposition	576 bbl	$35,694
Gas	Production	128,509 Mcf	$506,491
Total			$542,185

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 36.0934, -101.1040. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.09338, -101.10404 · 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

8,600 ft

1 wells filed one

Completion to plug

14.8 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 8,600 ft.

Completions filed

Feb 1997

1 of 1 wells

Plug dates filed

Nov 2011

1 of 1 wells

Last completion to plug: a median of 14.8 years across the 1 well that filed both dates, with the middle half between 14.8 years and 14.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-19531105	3	8,600 ft	Feb 1997	Nov 2011	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 (178)

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

178 months


Nov 2011	47	0	95.72	3.31	$4,499
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	241	83.40	4.15	$1,000
Jul 2011	0	252	94.14	4.52	$1,138
Jun 2011	0	230	92.90	4.64	$1,067
May 2011	0	221	98.13	4.40	$973
Apr 2011	0	225	105.96	4.33	$975
Mar 2011	0	247	96.36	4.06	$1,002
Feb 2011	0	296	85.64	4.18	$1,237
Jan 2011	0	290	86.50	4.59	$1,331
Dec 2010	0	348	85.73	4.35	$1,513
Nov 2010	0	269	80.84	3.80	$1,021
Oct 2010	0	261	78.10	3.51	$916
Sep 2010	0	278	72.63	3.98	$1,106
Aug 2010	0	298	73.68	4.42	$1,317
Jul 2010	0	313	72.55	4.74	$1,483
Jun 2010	0	280	70.36	4.91	$1,375
May 2010	0	300	71.12	4.24	$1,271
Apr 2010	82	279	81.69	4.12	$7,849
Mar 2010	0	342	78.39	4.39	$1,501
Feb 2010	0	301	73.58	5.44	$1,638
Jan 2010	0	336	74.36	5.96	$2,004
Dec 2009	0	352	71.44	5.48	$1,930
Nov 2009	0	272	74.59	3.75	$1,020
Oct 2009	0	301	72.54	4.11	$1,237
Sep 2009	0	365	65.54	3.06	$1,119
Aug 2009	0	327	67.42	3.22	$1,052
Jul 2009	0	313	61.13	3.46	$1,084
Jun 2009	0	361	66.16	3.90	$1,406
May 2009	0	322	54.74	3.93	$1,264
Apr 2009	0	333	46.77	3.59	$1,195
Mar 2009	0	349	42.14	4.06	$1,417
Feb 2009	0	284	32.81	4.63	$1,316
Jan 2009	0	326	35.86	5.37	$1,751
Dec 2008	0	367	37.10	5.98	$2,194
Nov 2008	0	291	55.49	6.86	$1,996
Oct 2008	0	223	75.24	6.92	$1,544
Sep 2008	0	314	101.76	7.88	$2,473
Aug 2008	0	798	114.22	8.48	$6,769
Jul 2008	0	417	131.08	11.39	$4,749
Jun 2008	0	362	131.33	13.03	$4,718
May 2008	70	488	123.17	11.57	$14,270
Apr 2008	0	286	110.31	10.45	$2,990
Mar 2008	0	315	101.90	9.66	$3,044
Feb 2008	0	319	92.53	8.77	$2,798
Jan 2008	0	355	90.38	8.21	$2,913
Dec 2007	0	346	88.33	7.30	$2,526
Nov 2007	0	233	91.67	7.29	$1,699
Oct 2007	0	318	82.85	6.92	$2,201
Sep 2007	0	364	75.84	6.24	$2,273
Aug 2007	0	364	69.06	6.39	$2,325
Jul 2007	0	475	70.90	6.39	$3,034
Jun 2007	0	498	62.00	7.55	$3,759
May 2007	0	431	58.74	7.85	$3,382
Apr 2007	0	526	59.61	7.81	$4,106
Mar 2007	0	486	56.92	7.30	$3,549
Feb 2007	0	475	55.10	8.22	$3,903
Jan 2007	0	501	50.30	6.73	$3,370
Dec 2006	0	53	56.65	6.92	$367
Nov 2006	0	341	54.20	7.62	$2,598
Oct 2006	0	417	54.90	6.01	$2,508
Sep 2006	0	384	60.08	5.04	$1,934
Aug 2006	89	426	68.71	7.34	$9,242
Jul 2006	0	301	69.37	6.34	$1,909
Jun 2006	0	130	66.28	6.38	$830
May 2006	0	116	66.01	6.42	$745
Apr 2006	0	149	64.39	7.36	$1,097
Mar 2006	0	356	56.70	7.08	$2,522
Feb 2006	0	351	57.59	7.75	$2,721
Jan 2006	0	442	60.59	8.93	$3,949
Dec 2005	0	453	54.94	13.42	$6,077
Nov 2005	0	519	54.69	10.59	$5,495
Oct 2005	0	524	58.34	13.80	$7,229
Sep 2005	0	538	61.45	12.08	$6,499
Aug 2005	0	384	61.51	9.80	$3,762
Jul 2005	0	551	55.69	7.84	$4,322
Jun 2005	0	484	52.33	7.38	$3,572
May 2005	0	549	45.22	6.65	$3,651
Apr 2005	0	490	49.20	7.36	$3,607
Mar 2005	0	509	50.37	7.15	$3,642
Feb 2005	0	434	45.22	6.31	$2,739
Jan 2005	78	598	43.16	6.32	$7,147
Dec 2004	78	586	39.86	6.75	$7,065
Nov 2004	0	565	45.28	6.33	$3,577
Oct 2004	0	612	49.70	6.52	$3,987
Sep 2004	0	665	43.24	5.28	$3,514
Aug 2004	0	685	42.37	5.55	$3,802
Jul 2004	0	741	38.28	6.08	$4,508
Jun 2004	0	870	36.10	6.43	$5,597
May 2004	0	689	37.48	6.49	$4,475
Apr 2004	0	774	34.47	5.86	$4,534
Mar 2004	0	884	34.36	5.53	$4,889
Feb 2004	0	1,097	32.45	5.51	$6,044
Jan 2004	0	1,484	32.03	6.30	$9,349
Dec 2003	0	2,017	30.26	6.30	$12,710
Nov 2003	0	253	28.80	4.60	$1,163
Oct 2003	0	454	28.17	4.76	$2,161
Sep 2003	0	446	26.31	4.75	$2,118
Aug 2003	0	676	29.76	5.13	$3,468
Jul 2003	0	283	29.41	5.17	$1,463
Jun 2003	0	301	28.56	5.98	$1,801
May 2003	0	278	26.59	5.97	$1,660
Apr 2003	0	316	26.67	5.41	$1,709
Mar 2003	0	307	31.14	6.10	$1,871
Feb 2003	0	239	33.48	7.93	$1,894
Jan 2003	0	328	30.31	5.58	$1,831
Dec 2002	0	356	26.91	4.85	$1,728
Nov 2002	85	211	24.66	4.14	$2,969
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	333	27.44	3.64	$1,211
Aug 2002	0	352	25.96	3.16	$1,114
Jul 2002	0	357	24.58	3.06	$1,093
Jun 2002	0	354	23.73	3.34	$1,182
May 2002	0	375	24.66	3.58	$1,344
Apr 2002	0	280	23.65	3.51	$983
Mar 2002	0	395	22.00	3.10	$1,226
Feb 2002	0	447	18.22	2.38	$1,062
Jan 2002	0	364	17.17	2.38	$865
Dec 2001	0	434	16.93	2.36	$1,026
Nov 2001	0	524	18.07	2.41	$1,260
Oct 2001	0	609	19.78	2.53	$1,540
Sep 2001	0	574	24.26	2.25	$1,292
Aug 2001	0	240	24.87	3.05	$733
Jul 2001	0	376	23.93	3.20	$1,202
Jun 2001	0	379	24.56	3.82	$1,449
May 2001	0	323	25.52	4.31	$1,391
Apr 2001	0	357	24.68	5.34	$1,905
Mar 2001	0	390	24.54	5.38	$2,097
Feb 2001	0	654	27.75	5.77	$3,772
Jan 2001	0	614	27.47	8.40	$5,157
Dec 2000	0	389	26.88	9.12	$3,549
Nov 2000	0	310	32.21	5.66	$1,754
Oct 2000	0	327	31.23	5.15	$1,683
Sep 2000	0	348	31.87	5.19	$1,805
Aug 2000	0	364	29.64	4.54	$1,653
Jul 2000	0	365	28.53	4.09	$1,493
Jun 2000	0	409	29.30	4.40	$1,798
May 2000	0	514	27.26	3.68	$1,891
Apr 2000	0	669	24.51	3.12	$2,085
Mar 2000	0	1,167	28.42	2.86	$3,337
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	47	0	25.27	2.48	$1,188
Dec 1999	0	188	24.28	2.42	$456
Nov 1999	0	688	23.19	2.43	$1,675
Oct 1999	0	729	20.98	2.80	$2,044
Sep 1999	0	744	21.75	2.62	$1,948
Aug 1999	0	776	19.26	2.88	$2,231
Jul 1999	0	827	17.89	2.37	$1,962
Jun 1999	0	838	15.94	2.36	$1,979
May 1999	0	895	15.79	2.32	$2,077
Apr 1999	0	858	15.10	2.21	$1,895
Mar 1999	0	908	12.47	1.84	$1,669
Feb 1999	0	873	9.98	1.82	$1,587
Jan 1999	0	630	10.38	1.90	$1,197
Dec 1998	0	830	9.20	1.77	$1,472
Nov 1998	0	1,002	10.89	2.19	$2,190
Oct 1998	0	1,202	12.42	1.97	$2,367
Sep 1998	0	1,136	12.59	2.08	$2,366
Aug 1998	0	1,518	11.30	1.91	$2,895
Jul 1998	0	1,490	11.74	2.24	$3,334
Jun 1998	0	1,284	11.24	2.24	$2,873
May 1998	0	1,422	12.62	2.21	$3,137
Apr 1998	0	1,462	13.04	2.51	$3,663
Mar 1998	0	1,516	12.80	2.31	$3,501
Feb 1998	0	1,546	13.95	2.30	$3,554
Jan 1998	0	1,707	14.70	2.15	$3,678
Dec 1997	0	1,915	16.32	2.41	$4,617
Nov 1997	0	2,204	18.19	3.09	$6,807
Oct 1997	0	2,690	19.25	3.15	$8,473
Sep 1997	0	3,093	17.74	2.95	$9,139
Aug 1997	0	3,682	17.86	2.55	$9,407
Jul 1997	0	1,481	17.58	2.25	$3,328
Jun 1997	0	1,875	17.24	2.26	$4,232
May 1997	0	3,257	18.97	2.31	$7,519
Apr 1997	0	5,564	17.88	2.08	$11,589
Mar 1997	0	12,242	18.95	1.94	$23,739
Feb 1997	0	7,164	20.49	2.21	$15,803

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.

Nov 2011 — as filed, then multipliedworked

Condensate            47 bbl  × $ 95.72 =     $4,499
Gas                    0 Mcf  × $  3.31 =         $0

────────────────────────────────────────────────────
Month total                                   $4,499

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/163481 is the state's own key, not one this site invented.