CONVERSE

Name: CONVERSE lease production and value, Jul 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 169474District 10Field 538545002 tax incentive programmesCondensateGasSave Export

Value, all time

$402 k

Jul 1997 – Nov 2011

Value, last 12 filed months

$8 k

at the published price for each month

Months reported

173

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	2004-06-25	157819
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	9 bbl	$648
Gas	Production	104,112 Mcf	$401,528
Total			$402,176

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 36.0869, -101.0995. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.08691, -101.09945 · 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

6,720 ft

1 wells filed one

Completion to plug

14.3 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 6,720 ft.

Completions filed

Jul 1997

1 of 1 wells

Plug dates filed

Nov 2011

1 of 1 wells

Last completion to plug: a median of 14.3 years across the 1 well that filed both dates, with the middle half between 14.3 years and 14.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-19531304	5	6,720 ft	Jul 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 (173)

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

173 months


Nov 2011	6	0	95.72	3.31	$574
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	163	83.40	4.15	$676
Jul 2011	0	159	94.14	4.52	$718
Jun 2011	0	162	92.90	4.64	$752
May 2011	0	178	98.13	4.40	$784
Apr 2011	0	187	105.96	4.33	$810
Mar 2011	0	180	96.36	4.06	$730
Feb 2011	0	172	85.64	4.18	$719
Jan 2011	0	215	86.50	4.59	$987
Dec 2010	0	216	85.73	4.35	$939
Nov 2010	0	217	80.84	3.80	$824
Oct 2010	0	204	78.10	3.51	$716
Sep 2010	0	188	72.63	3.98	$748
Aug 2010	0	197	73.68	4.42	$871
Jul 2010	0	215	72.55	4.74	$1,018
Jun 2010	0	178	70.36	4.91	$874
May 2010	0	207	71.12	4.24	$877
Apr 2010	0	202	81.69	4.12	$833
Mar 2010	0	233	78.39	4.39	$1,023
Feb 2010	0	238	73.58	5.44	$1,295
Jan 2010	0	268	74.36	5.96	$1,598
Dec 2009	0	270	71.44	5.48	$1,481
Nov 2009	0	268	74.59	3.75	$1,005
Oct 2009	0	295	72.54	4.11	$1,213
Sep 2009	0	244	65.54	3.06	$748
Aug 2009	0	244	67.42	3.22	$785
Jul 2009	0	275	61.13	3.46	$953
Jun 2009	0	278	66.16	3.90	$1,083
May 2009	0	247	54.74	3.93	$970
Apr 2009	0	251	46.77	3.59	$900
Mar 2009	0	233	42.14	4.06	$946
Feb 2009	0	237	32.81	4.63	$1,098
Jan 2009	0	234	35.86	5.37	$1,257
Dec 2008	0	267	37.10	5.98	$1,596
Nov 2008	0	271	55.49	6.86	$1,859
Oct 2008	0	282	75.24	6.92	$1,952
Sep 2008	0	269	101.76	7.88	$2,119
Aug 2008	0	309	114.22	8.48	$2,621
Jul 2008	0	256	131.08	11.39	$2,916
Jun 2008	0	256	131.33	13.03	$3,336
May 2008	0	260	123.17	11.57	$3,009
Apr 2008	0	246	110.31	10.45	$2,572
Mar 2008	0	260	101.90	9.66	$2,513
Feb 2008	0	248	92.53	8.77	$2,175
Jan 2008	0	265	90.38	8.21	$2,175
Dec 2007	0	259	88.33	7.30	$1,891
Nov 2007	0	270	91.67	7.29	$1,969
Oct 2007	0	301	82.85	6.92	$2,084
Sep 2007	0	258	75.84	6.24	$1,611
Aug 2007	0	299	69.06	6.39	$1,910
Jul 2007	0	275	70.90	6.39	$1,757
Jun 2007	0	281	62.00	7.55	$2,121
May 2007	0	258	58.74	7.85	$2,024
Apr 2007	0	273	59.61	7.81	$2,131
Mar 2007	0	299	56.92	7.30	$2,183
Feb 2007	0	271	55.10	8.22	$2,227
Jan 2007	0	325	50.30	6.73	$2,186
Dec 2006	0	278	56.65	6.92	$1,923
Nov 2006	0	213	54.20	7.62	$1,623
Oct 2006	0	173	54.90	6.01	$1,040
Sep 2006	0	194	60.08	5.04	$977
Aug 2006	0	225	68.71	7.34	$1,651
Jul 2006	0	224	69.37	6.34	$1,421
Jun 2006	0	128	66.28	6.38	$817
May 2006	0	20	66.01	6.42	$129
Apr 2006	0	213	64.39	7.36	$1,568
Mar 2006	0	281	56.70	7.08	$1,990
Feb 2006	0	253	57.59	7.75	$1,961
Jan 2006	0	289	60.59	8.93	$2,582
Dec 2005	0	262	54.94	13.42	$3,515
Nov 2005	0	271	54.69	10.59	$2,869
Oct 2005	0	288	58.34	13.80	$3,973
Sep 2005	0	277	61.45	12.08	$3,346
Aug 2005	0	326	61.51	9.80	$3,194
Jul 2005	0	344	55.69	7.84	$2,698
Jun 2005	0	365	52.33	7.38	$2,694
May 2005	0	387	45.22	6.65	$2,574
Apr 2005	0	381	49.20	7.36	$2,804
Mar 2005	0	384	50.37	7.15	$2,747
Feb 2005	0	373	45.22	6.31	$2,354
Jan 2005	0	406	43.16	6.32	$2,567
Dec 2004	0	418	39.86	6.75	$2,822
Nov 2004	0	412	45.28	6.33	$2,608
Oct 2004	0	411	49.70	6.52	$2,678
Sep 2004	0	402	43.24	5.28	$2,124
Aug 2004	0	421	42.37	5.55	$2,337
Jul 2004	0	425	38.28	6.08	$2,586
Jun 2004	0	417	36.10	6.43	$2,683
May 2004	0	443	37.48	6.49	$2,877
Apr 2004	0	457	34.47	5.86	$2,677
Mar 2004	0	510	34.36	5.53	$2,820
Feb 2004	0	488	32.45	5.51	$2,689
Jan 2004	0	474	32.03	6.30	$2,986
Dec 2003	0	270	30.26	6.30	$1,701
Nov 2003	0	259	28.80	4.60	$1,190
Oct 2003	0	373	28.17	4.76	$1,775
Sep 2003	0	361	26.31	4.75	$1,715
Aug 2003	0	382	29.76	5.13	$1,960
Jul 2003	0	388	29.41	5.17	$2,006
Jun 2003	0	386	28.56	5.98	$2,309
May 2003	0	405	26.59	5.97	$2,419
Apr 2003	0	394	26.67	5.41	$2,130
Mar 2003	0	407	31.14	6.10	$2,481
Feb 2003	0	371	33.48	7.93	$2,941
Jan 2003	0	413	30.31	5.58	$2,305
Dec 2002	0	419	26.91	4.85	$2,034
Nov 2002	3	372	24.66	4.14	$1,613
Oct 2002	0	332	26.46	4.23	$1,404
Sep 2002	0	343	27.44	3.64	$1,247
Aug 2002	0	355	25.96	3.16	$1,123
Jul 2002	0	375	24.58	3.06	$1,148
Jun 2002	0	452	23.73	3.34	$1,509
May 2002	0	412	24.66	3.58	$1,477
Apr 2002	0	382	23.65	3.51	$1,342
Mar 2002	0	429	22.00	3.10	$1,331
Feb 2002	0	374	18.22	2.38	$889
Jan 2002	0	423	17.17	2.38	$1,005
Dec 2001	0	439	16.93	2.36	$1,038
Nov 2001	0	413	18.07	2.41	$993
Oct 2001	0	440	19.78	2.53	$1,113
Sep 2001	0	420	24.26	2.25	$946
Aug 2001	0	434	24.87	3.05	$1,325
Jul 2001	0	444	23.93	3.20	$1,420
Jun 2001	0	448	24.56	3.82	$1,713
May 2001	0	487	25.52	4.31	$2,098
Apr 2001	0	487	24.68	5.34	$2,598
Mar 2001	0	534	24.54	5.38	$2,871
Feb 2001	0	481	27.75	5.77	$2,774
Jan 2001	0	554	27.47	8.40	$4,653
Dec 2000	0	561	26.88	9.12	$5,118
Nov 2000	0	557	32.21	5.66	$3,152
Oct 2000	0	560	31.23	5.15	$2,881
Sep 2000	0	551	31.87	5.19	$2,858
Aug 2000	0	587	29.64	4.54	$2,665
Jul 2000	0	595	28.53	4.09	$2,433
Jun 2000	0	592	29.30	4.40	$2,603
May 2000	0	631	27.26	3.68	$2,322
Apr 2000	0	646	24.51	3.12	$2,013
Mar 2000	0	682	28.42	2.86	$1,950
Feb 2000	0	637	27.62	2.73	$1,737
Jan 2000	0	709	25.27	2.48	$1,759
Dec 1999	0	733	24.28	2.42	$1,777
Nov 1999	0	752	23.19	2.43	$1,830
Oct 1999	0	874	20.98	2.80	$2,450
Sep 1999	0	746	21.75	2.62	$1,954
Aug 1999	0	778	19.26	2.88	$2,237
Jul 1999	0	801	17.89	2.37	$1,900
Jun 1999	0	794	15.94	2.36	$1,876
May 1999	0	857	15.79	2.32	$1,989
Apr 1999	0	864	15.10	2.21	$1,908
Mar 1999	0	927	12.47	1.84	$1,704
Feb 1999	0	895	9.98	1.82	$1,627
Jan 1999	0	889	10.38	1.90	$1,689
Dec 1998	0	956	9.20	1.77	$1,695
Nov 1998	0	1,082	10.89	2.19	$2,365
Oct 1998	0	1,160	12.42	1.97	$2,284
Sep 1998	0	1,206	12.59	2.08	$2,512
Aug 1998	0	1,350	11.30	1.91	$2,575
Jul 1998	0	1,509	11.74	2.24	$3,376
Jun 1998	0	1,687	11.24	2.24	$3,774
May 1998	0	2,145	12.62	2.21	$4,733
Apr 1998	0	2,344	13.04	2.51	$5,872
Mar 1998	0	2,511	12.80	2.31	$5,799
Feb 1998	0	2,248	13.95	2.30	$5,168
Jan 1998	0	1,676	14.70	2.15	$3,611
Dec 1997	0	1,986	16.32	2.41	$4,788
Nov 1997	0	2,332	18.19	3.09	$7,202
Oct 1997	0	2,651	19.25	3.15	$8,350
Sep 1997	0	4,068	17.74	2.95	$12,020
Aug 1997	0	8,765	17.86	2.55	$22,392
Jul 1997	0	7,114	17.58	2.25	$15,985

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             6 bbl  × $ 95.72 =       $574
Gas                    0 Mcf  × $  3.31 =         $0

────────────────────────────────────────────────────
Month total                                     $574

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/169474 is the state's own key, not one this site invented.