IVA

Name: IVA lease production and value, Jun 1999 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by RAYDON EXPLORATION, INC. (P-5 695569) in the LAKETON (GRANITE WASH CONSOL.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 174701District 10Field 51665380CondensateGasSave Export

Value, all time

$4.1 M

Jun 1999 – May 2010

Value, last 12 filed months

$5 k

at the published price for each month

Months reported

132

no gaps in the span

Streams

condensate, gas

The LAKETON (GRANITE WASH CONSOL.) 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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered

2002-06-25

as the register files it

Field class

Gas

the register's own label

Between wells

1,867 ft

minimum

From a lease line

933 ft

minimum

A drilling unit in this field needs at least 640 acres. The field rule took effect on 2002-06-25.

The Commission's schedule remark for this field reads: “LAKETON (GRANITE WASH W-6) 51665800”

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	4,105 bbl	$129,826
Gas	Production	749,462 Mcf	$3,980,331
Total			$4,110,157

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 35.5939, -100.6830. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.59391, -100.68295 · 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

10,155 ft

1 wells filed one

Completion to plug

10.9 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 10,155 ft.

Completions filed

Jun 1999

1 of 1 wells

Plug dates filed

May 2010

1 of 1 wells

Last completion to plug: a median of 10.9 years across the 1 well that filed both dates, with the middle half between 10.9 years and 10.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-17932378	1109	10,155 ft	Jun 1999	May 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 (132)

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

132 months


May 2010	0	0	71.12	4.24	$0
Apr 2010	60	0	81.69	4.12	$4,901
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	28	42.14	4.06	$114
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	29	35.86	5.37	$156
Dec 2008	0	85	37.10	5.98	$508
Nov 2008	0	57	55.49	6.86	$391
Oct 2008	0	49	75.24	6.92	$339
Sep 2008	0	51	101.76	7.88	$402
Aug 2008	0	114	114.22	8.48	$967
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	15	131.33	13.03	$195
May 2008	0	193	123.17	11.57	$2,234
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	1	101.90	9.66	$10
Feb 2008	0	225	92.53	8.77	$1,973
Jan 2008	0	242	90.38	8.21	$1,986
Dec 2007	0	214	88.33	7.30	$1,563
Nov 2007	0	581	91.67	7.29	$4,236
Oct 2007	0	447	82.85	6.92	$3,094
Sep 2007	0	640	75.84	6.24	$3,996
Aug 2007	0	725	69.06	6.39	$4,631
Jul 2007	0	456	70.90	6.39	$2,913
Jun 2007	0	679	62.00	7.55	$5,125
May 2007	0	241	58.74	7.85	$1,891
Apr 2007	0	710	59.61	7.81	$5,542
Mar 2007	0	1,001	56.92	7.30	$7,309
Feb 2007	0	896	55.10	8.22	$7,362
Jan 2007	0	971	50.30	6.73	$6,532
Dec 2006	0	2,311	56.65	6.92	$15,989
Nov 2006	0	2,686	54.20	7.62	$20,461
Oct 2006	0	1,122	54.90	6.01	$6,747
Sep 2006	0	790	60.08	5.04	$3,979
Aug 2006	0	1,103	68.71	7.34	$8,096
Jul 2006	0	1,001	69.37	6.34	$6,349
Jun 2006	0	473	66.28	6.38	$3,020
May 2006	0	1,522	66.01	6.42	$9,779
Apr 2006	0	1,071	64.39	7.36	$7,883
Mar 2006	0	1,063	56.70	7.08	$7,529
Feb 2006	0	1,572	57.59	7.75	$12,185
Jan 2006	0	3,955	60.59	8.93	$35,331
Dec 2005	0	2,363	54.94	13.42	$31,701
Nov 2005	0	990	54.69	10.59	$10,483
Oct 2005	0	3,177	58.34	13.80	$43,829
Sep 2005	0	2,090	61.45	12.08	$25,245
Aug 2005	172	3,274	61.51	9.80	$42,655
Jul 2005	0	5,311	55.69	7.84	$41,658
Jun 2005	0	2,161	52.33	7.38	$15,950
May 2005	0	1,908	45.22	6.65	$12,690
Apr 2005	0	2,020	49.20	7.36	$14,868
Mar 2005	0	6,190	50.37	7.15	$44,289
Feb 2005	0	851	45.22	6.31	$5,371
Jan 2005	0	3,511	43.16	6.32	$22,197
Dec 2004	0	4,458	39.86	6.75	$30,096
Nov 2004	0	4,637	45.28	6.33	$29,354
Oct 2004	0	5,540	49.70	6.52	$36,094
Sep 2004	0	6,090	43.24	5.28	$32,179
Aug 2004	0	7,301	42.37	5.55	$40,525
Jul 2004	0	6,027	38.28	6.08	$36,669
Jun 2004	176	8,064	36.10	6.43	$58,229
May 2004	0	11,922	37.48	6.49	$77,428
Apr 2004	0	11,470	34.47	5.86	$67,197
Mar 2004	185	11,466	34.36	5.53	$69,765
Feb 2004	0	14,140	32.45	5.51	$77,906
Jan 2004	388	19,565	32.03	6.30	$135,680
Dec 2003	560	32,836	30.26	6.30	$223,866
Nov 2003	184	12,647	28.80	4.60	$63,414
Oct 2003	0	17,042	28.17	4.76	$81,114
Sep 2003	0	1,454	26.31	4.75	$6,906
Aug 2003	0	1,516	29.76	5.13	$7,777
Jul 2003	0	650	29.41	5.17	$3,361
Jun 2003	0	1,848	28.56	5.98	$11,057
May 2003	0	1,453	26.59	5.97	$8,678
Apr 2003	0	1,750	26.67	5.41	$9,463
Mar 2003	0	3,903	31.14	6.10	$23,793
Feb 2003	0	3,073	33.48	7.93	$24,356
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	28	0	24.66	4.14	$690
Oct 2002	69	0	26.46	4.23	$1,826
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	1,646	23.73	3.34	$5,495
May 2002	0	3,343	24.66	3.58	$11,981
Apr 2002	0	3,607	23.65	3.51	$12,669
Mar 2002	0	3,709	22.00	3.10	$11,508
Feb 2002	0	3,121	18.22	2.38	$7,415
Jan 2002	0	3,414	17.17	2.38	$8,111
Dec 2001	0	6,953	16.93	2.36	$16,440
Nov 2001	0	10,311	18.07	2.41	$24,803
Oct 2001	0	10,118	19.78	2.53	$25,587
Sep 2001	155	8,181	24.26	2.25	$22,178
Aug 2001	0	10,734	24.87	3.05	$32,773
Jul 2001	0	4,502	23.93	3.20	$14,393
Jun 2001	0	13,361	24.56	3.82	$51,095
May 2001	0	14,244	25.52	4.31	$61,353
Apr 2001	0	420	24.68	5.34	$2,241
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	171	28,855	27.75	5.77	$171,154
Jan 2001	123	32,123	27.47	8.40	$273,172
Dec 2000	361	46,775	26.88	9.12	$436,409
Nov 2000	371	61,885	32.21	5.66	$362,095
Oct 2000	731	64,889	31.23	5.15	$356,715
Sep 2000	0	10,500	31.87	5.19	$54,458
Aug 2000	0	7,929	29.64	4.54	$36,004
Jul 2000	0	9,020	28.53	4.09	$36,890
Jun 2000	0	9,675	29.30	4.40	$42,543
May 2000	0	8,673	27.26	3.68	$31,914
Apr 2000	0	9,234	24.51	3.12	$28,773
Mar 2000	0	12,131	28.42	2.86	$34,692
Feb 2000	0	10,648	27.62	2.73	$29,032
Jan 2000	0	10,035	25.27	2.48	$24,892
Dec 1999	186	9,945	24.28	2.42	$28,620
Nov 1999	0	11,217	23.19	2.43	$27,302
Oct 1999	0	10,280	20.98	2.80	$28,822
Sep 1999	0	9,401	21.75	2.62	$24,620
Aug 1999	185	10,054	19.26	2.88	$32,474
Jul 1999	0	10,508	17.89	2.37	$24,929
Jun 1999	0	18,004	15.94	2.36	$42,527

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 2010 — as filed, then multipliedworked

Condensate            60 bbl  × $ 81.69 =     $4,901
Gas                    0 Mcf  × $  4.12 =         $0

────────────────────────────────────────────────────
Month total                                   $4,901

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/174701 is the state's own key, not one this site invented.