SPEAR

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

Gas lease lease 172214District 10Field 89120001GasSaveExport
Value, all time
$705 k
Feb 1999 – Nov 2009
Value, last 12 filed months
$0
at the published price for each month
Months reported
130
no gaps in the span
Streams
1
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 1,719 leases and 1,719 wells, and the rule below applies to all of them.

Discovered
1945-06-25
as the register files it
Field class
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 40 acres. The field rule took effect on 1996-02-01.

The Commission's schedule remark for this field reads: OPTIONS.

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
GasProduction166,291 Mcf$705,230
Total$705,230

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 36.0349, -101.9294. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.03486, -101.92942 · 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
3,455 ft
1 wells filed one
Completion to plug
4.8 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 3,455 ft.

Completions filed
Feb 2005
1 of 1 wells
Plug dates filed
Nov 2009
1 of 1 wells

Last completion to plug: a median of 4.8 years across the 1 well that filed both dates, with the middle half between 4.8 years and 4.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-341326181R3,455 ftFeb 2005Nov 2009Yes

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 (130)

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

130 months

Nov 2009074.593.75$0
Oct 2009072.544.11$0
Sep 2009065.543.06$0
Aug 2009067.423.22$0
Jul 2009061.133.46$0
Jun 2009066.163.90$0
May 2009054.743.93$0
Apr 2009046.773.59$0
Mar 2009042.144.06$0
Feb 2009032.814.63$0
Jan 2009035.865.37$0
Dec 2008037.105.98$0
Nov 2008055.496.86$0
Oct 2008075.246.92$0
Sep 20080101.767.88$0
Aug 20080114.228.48$0
Jul 20080131.0811.39$0
Jun 20080131.3313.03$0
May 20080123.1711.57$0
Apr 20080110.3110.45$0
Mar 20080101.909.66$0
Feb 2008092.538.77$0
Jan 2008090.388.21$0
Dec 2007088.337.30$0
Nov 2007091.677.29$0
Oct 2007082.856.92$0
Sep 2007075.846.24$0
Aug 2007069.066.39$0
Jul 2007070.906.39$0
Jun 2007062.007.55$0
May 2007058.747.85$0
Apr 2007059.617.81$0
Mar 2007056.927.30$0
Feb 2007055.108.22$0
Jan 2007050.306.73$0
Dec 2006056.656.92$0
Nov 2006054.207.62$0
Oct 2006054.906.01$0
Sep 2006060.085.04$0
Aug 2006068.717.34$0
Jul 2006069.376.34$0
Jun 2006066.286.38$0
May 2006066.016.42$0
Apr 2006064.397.36$0
Mar 2006056.707.08$0
Feb 2006057.597.75$0
Jan 2006060.598.93$0
Dec 2005054.9413.42$0
Nov 2005054.6910.59$0
Oct 2005058.3413.80$0
Sep 2005061.4512.08$0
Aug 2005061.519.80$0
Jul 2005055.697.84$0
Jun 2005052.337.38$0
May 2005045.226.65$0
Apr 2005049.207.36$0
Mar 20051350.377.15$93
Feb 2005245.226.31$13
Jan 20051,68743.166.32$10,666
Dec 20042,17339.866.75$14,670
Nov 20042,06845.286.33$13,091
Oct 20041,85949.706.52$12,112
Sep 20042,05543.245.28$10,858
Aug 20042,03042.375.55$11,268
Jul 20041,86938.286.08$11,371
Jun 20041,69736.106.43$10,917
May 20041,61137.486.49$10,463
Apr 20041,68734.475.86$9,883
Mar 20041,76334.365.53$9,750
Feb 20041,68332.455.51$9,273
Jan 20041,84932.036.30$11,648
Dec 20031,86230.266.30$11,734
Nov 20031,88528.804.60$8,662
Oct 20031,95228.174.76$9,291
Sep 20031,89426.314.75$8,995
Aug 20031,96129.765.13$10,059
Jul 20032,03429.415.17$10,517
Jun 20032,09428.565.98$12,528
May 20032,11026.595.97$12,602
Apr 20032,10026.675.41$11,355
Mar 20032,21831.146.10$13,521
Feb 20032,03733.487.93$16,145
Jan 20032,34130.315.58$13,068
Dec 20022,29926.914.85$11,159
Nov 20022,30724.664.14$9,544
Oct 20022,44126.464.23$10,323
Sep 20022,39327.443.64$8,699
Aug 20022,51625.963.16$7,961
Jul 20022,35524.583.06$7,210
Jun 20022,37323.733.34$7,922
May 20022,16824.663.58$7,770
Apr 20022,06523.653.51$7,253
Mar 20022,16322.003.10$6,711
Feb 20022,09418.222.38$4,975
Jan 20022,47117.172.38$5,870
Dec 20012,55216.932.36$6,034
Nov 20012,45218.072.41$5,898
Oct 20012,57919.782.53$6,522
Sep 20012,35124.262.25$5,293
Aug 20012,61724.873.05$7,990
Jul 20012,40523.933.20$7,689
Jun 20011,82724.563.82$6,987
May 20011,87125.524.31$8,059
Apr 20012,21224.685.34$11,802
Mar 20012,52324.545.38$13,565
Feb 20012,32727.755.77$13,420
Jan 20012,75127.478.40$23,105
Dec 20002,12326.889.12$19,367
Nov 20002,66132.215.66$15,056
Oct 20002,86931.235.15$14,762
Sep 20002,57731.875.19$13,366
Aug 20002,90729.644.54$13,200
Jul 20002,21428.534.09$9,055
Jun 20002,48929.304.40$10,945
May 20002,75327.263.68$10,130
Apr 20002,78924.513.12$8,691
Mar 20002,97428.422.86$8,505
Feb 20002,90127.622.73$7,910
Jan 20002,96425.272.48$7,352
Dec 19992,66124.282.42$6,450
Nov 19992,38323.192.43$5,800
Oct 19992,82320.982.80$7,915
Sep 19992,80021.752.62$7,333
Aug 19993,12419.262.88$8,983
Jul 19993,29717.892.37$7,822
Jun 19992,72615.942.36$6,439
May 19992,50615.792.32$5,816
Apr 19992,68615.102.21$5,931
Mar 19992,85112.471.84$5,241
Feb 19991,5679.981.82$2,848

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.

Mar 2005 — as filed, then multipliedworked
Gas                   13 Mcf  × $  7.15 =        $93

────────────────────────────────────────────────────
Month total                                      $93

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/172214 is the state's own key, not one this site invented.