WADE

Name: WADE lease production and value, Jun 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the MO-TEX (MEISNER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 171421District 10Field 62235400Hydrogen sulphide field2 tax incentive programmesCondensateGasSave Export

Value, all time

$1.8 M

Jun 1998 – Aug 2010

Value, last 12 filed months

$40 k

at the published price for each month

Months reported

147

no gaps in the span

Streams

condensate, gas

The MO-TEX (MEISNER) 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 18 leases and 18 wells, and the rule below applies to all of them.

Discovered

1980-09-16

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “AOF-2 EFFECTIVE 12/1/95.”

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	2000-10-10	142502
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	937 bbl	$36,914
Gas	Production	531,958 Mcf	$1,797,695
Total			$1,834,610

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 35.4725, -100.4425. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.47248, -100.44255 · 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

13,200 ft

1 wells filed one

Completion to plug

12.3 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 13,200 ft.

Completions filed

Jun 1998

1 of 1 wells

Plug dates filed

Sep 2010

1 of 1 wells

Last completion to plug: a median of 12.3 years across the 1 well that filed both dates, with the middle half between 12.3 years and 12.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-48331527	1	13,200 ft	Jun 1998	Sep 2010	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 (147)

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

147 months


Aug 2010	0	374	73.68	4.42	$1,653
Jul 2010	0	345	72.55	4.74	$1,634
Jun 2010	0	1,203	70.36	4.91	$5,907
May 2010	0	841	71.12	4.24	$3,562
Apr 2010	0	671	81.69	4.12	$2,766
Mar 2010	0	421	78.39	4.39	$1,848
Feb 2010	0	307	73.58	5.44	$1,671
Jan 2010	0	461	74.36	5.96	$2,749
Dec 2009	0	416	71.44	5.48	$2,281
Nov 2009	156	466	74.59	3.75	$13,384
Oct 2009	0	392	72.54	4.11	$1,611
Sep 2009	0	266	65.54	3.06	$815
Aug 2009	0	404	67.42	3.22	$1,300
Jul 2009	0	315	61.13	3.46	$1,091
Jun 2009	0	321	66.16	3.90	$1,250
May 2009	0	396	54.74	3.93	$1,555
Apr 2009	0	401	46.77	3.59	$1,439
Mar 2009	0	427	42.14	4.06	$1,733
Feb 2009	0	419	32.81	4.63	$1,941
Jan 2009	0	415	35.86	5.37	$2,229
Dec 2008	0	464	37.10	5.98	$2,773
Nov 2008	0	486	55.49	6.86	$3,334
Oct 2008	0	435	75.24	6.92	$3,011
Sep 2008	0	446	101.76	7.88	$3,513
Aug 2008	0	506	114.22	8.48	$4,292
Jul 2008	0	474	131.08	11.39	$5,399
Jun 2008	0	476	131.33	13.03	$6,204
May 2008	0	483	123.17	11.57	$5,590
Apr 2008	0	555	110.31	10.45	$5,802
Mar 2008	0	646	101.90	9.66	$6,243
Feb 2008	0	553	92.53	8.77	$4,850
Jan 2008	0	791	90.38	8.21	$6,491
Dec 2007	0	906	88.33	7.30	$6,616
Nov 2007	0	137	91.67	7.29	$999
Oct 2007	0	521	82.85	6.92	$3,606
Sep 2007	0	475	75.84	6.24	$2,966
Aug 2007	0	861	69.06	6.39	$5,500
Jul 2007	0	988	70.90	6.39	$6,311
Jun 2007	0	676	62.00	7.55	$5,103
May 2007	0	436	58.74	7.85	$3,421
Apr 2007	0	514	59.61	7.81	$4,012
Mar 2007	0	686	56.92	7.30	$5,009
Feb 2007	0	621	55.10	8.22	$5,102
Jan 2007	0	679	50.30	6.73	$4,568
Dec 2006	0	727	56.65	6.92	$5,030
Nov 2006	0	800	54.20	7.62	$6,094
Oct 2006	0	662	54.90	6.01	$3,981
Sep 2006	0	284	60.08	5.04	$1,431
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	726	66.28	6.38	$4,635
May 2006	0	902	66.01	6.42	$5,795
Apr 2006	0	1,037	64.39	7.36	$7,633
Mar 2006	0	1,100	56.70	7.08	$7,791
Feb 2006	0	989	57.59	7.75	$7,666
Jan 2006	0	1,104	60.59	8.93	$9,862
Dec 2005	0	1,097	54.94	13.42	$14,717
Nov 2005	0	928	54.69	10.59	$9,826
Oct 2005	121	888	58.34	13.80	$19,310
Sep 2005	0	1,164	61.45	12.08	$14,060
Aug 2005	0	1,106	61.51	9.80	$10,835
Jul 2005	0	1,292	55.69	7.84	$10,134
Jun 2005	0	1,305	52.33	7.38	$9,632
May 2005	0	1,278	45.22	6.65	$8,500
Apr 2005	0	1,264	49.20	7.36	$9,304
Mar 2005	0	1,264	50.37	7.15	$9,044
Feb 2005	0	790	45.22	6.31	$4,986
Jan 2005	0	1,830	43.16	6.32	$11,570
Dec 2004	0	1,841	39.86	6.75	$12,429
Nov 2004	0	1,838	45.28	6.33	$11,635
Oct 2004	0	1,248	49.70	6.52	$8,131
Sep 2004	0	1,179	43.24	5.28	$6,230
Aug 2004	0	1,103	42.37	5.55	$6,122
Jul 2004	0	1,235	38.28	6.08	$7,514
Jun 2004	0	1,252	36.10	6.43	$8,054
May 2004	137	1,296	37.48	6.49	$13,552
Apr 2004	0	1,273	34.47	5.86	$7,458
Mar 2004	0	1,372	34.36	5.53	$7,587
Feb 2004	0	1,237	32.45	5.51	$6,815
Jan 2004	0	2,022	32.03	6.30	$12,738
Dec 2003	0	2,708	30.26	6.30	$17,065
Nov 2003	0	2,424	28.80	4.60	$11,139
Oct 2003	0	1,468	28.17	4.76	$6,987
Sep 2003	0	1,054	26.31	4.75	$5,006
Aug 2003	0	921	29.76	5.13	$4,724
Jul 2003	0	955	29.41	5.17	$4,938
Jun 2003	0	962	28.56	5.98	$5,756
May 2003	0	1,025	26.59	5.97	$6,122
Apr 2003	0	936	26.67	5.41	$5,061
Mar 2003	0	1,017	31.14	6.10	$6,200
Feb 2003	0	1,784	33.48	7.93	$14,140
Jan 2003	0	1,915	30.31	5.58	$10,690
Dec 2002	0	1,679	26.91	4.85	$8,149
Nov 2002	0	1,422	24.66	4.14	$5,883
Oct 2002	0	2,043	26.46	4.23	$8,640
Sep 2002	0	1,991	27.44	3.64	$7,238
Aug 2002	0	1,820	25.96	3.16	$5,759
Jul 2002	0	2,181	24.58	3.06	$6,678
Jun 2002	0	2,092	23.73	3.34	$6,984
May 2002	144	2,251	24.66	3.58	$11,619
Apr 2002	0	1,915	23.65	3.51	$6,726
Mar 2002	0	2,370	22.00	3.10	$7,353
Feb 2002	5	2,317	18.22	2.38	$5,596
Jan 2002	0	2,623	17.17	2.38	$6,231
Dec 2001	0	2,726	16.93	2.36	$6,445
Nov 2001	0	3,494	18.07	2.41	$8,405
Oct 2001	0	3,645	19.78	2.53	$9,218
Sep 2001	0	3,162	24.26	2.25	$7,119
Aug 2001	0	3,178	24.87	3.05	$9,703
Jul 2001	0	3,134	23.93	3.20	$10,020
Jun 2001	0	3,369	24.56	3.82	$12,884
May 2001	0	4,020	25.52	4.31	$17,315
Apr 2001	0	3,842	24.68	5.34	$20,498
Mar 2001	0	3,538	24.54	5.38	$19,022
Feb 2001	0	3,463	27.75	5.77	$19,971
Jan 2001	0	2,847	27.47	8.40	$23,911
Dec 2000	0	4,366	26.88	9.12	$39,829
Nov 2000	0	4,201	32.21	5.66	$23,769
Oct 2000	0	4,912	31.23	5.15	$25,275
Sep 2000	0	5,169	31.87	5.19	$26,809
Aug 2000	0	5,533	29.64	4.54	$25,124
Jul 2000	0	6,229	28.53	4.09	$25,475
Jun 2000	0	6,467	29.30	4.40	$28,437
May 2000	189	6,283	27.26	3.68	$28,272
Apr 2000	0	5,429	24.51	3.12	$16,917
Mar 2000	0	4,398	28.42	2.86	$12,577
Feb 2000	0	6,192	27.62	2.73	$16,882
Jan 2000	0	5,733	25.27	2.48	$14,221
Dec 1999	0	3,326	24.28	2.42	$8,061
Nov 1999	185	8,454	23.19	2.43	$24,867
Oct 1999	0	24,321	20.98	2.80	$68,189
Sep 1999	0	28,151	21.75	2.62	$73,723
Aug 1999	0	22,284	19.26	2.88	$64,080
Jul 1999	0	27,509	17.89	2.37	$65,262
Jun 1999	0	25,882	15.94	2.36	$61,136
May 1999	0	23,644	15.79	2.32	$54,878
Apr 1999	0	16,448	15.10	2.21	$36,318
Mar 1999	0	15,260	12.47	1.84	$28,053
Feb 1999	0	12,886	9.98	1.82	$23,424
Jan 1999	0	17,862	10.38	1.90	$33,937
Dec 1998	0	10,945	9.20	1.77	$19,409
Nov 1998	0	13,249	10.89	2.19	$28,959
Oct 1998	0	15,771	12.42	1.97	$31,056
Sep 1998	0	17,078	12.59	2.08	$35,567
Aug 1998	0	18,106	11.30	1.91	$34,534
Jul 1998	0	16,974	11.74	2.24	$37,975
Jun 1998	0	4,096	11.24	2.24	$9,164

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.

Aug 2010 — as filed, then multipliedworked

Condensate             0 bbl  × $ 73.68 =         $0
Gas                  374 Mcf  × $  4.42 =     $1,653

────────────────────────────────────────────────────
Month total                                   $1,653

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/171421 is the state's own key, not one this site invented.