PRICE, WILLIS D.

Name: PRICE, WILLIS D. lease production and value, Mar 2002 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by JONES ENERGY, LLC (P-5 441132) in the LIPSCOMB (ATOKA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 189498District 10Field 538690902 tax incentive programmesGasSave Export

Value, all time

$242 k

Mar 2002 – Nov 2014

Value, last 12 filed months

at the published price for each month

Months reported

153

no gaps in the span

Streams

gas

The LIPSCOMB (ATOKA) 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 74 leases and 74 wells, and the rule below applies to all of them.

Discovered

1957-12-04

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 640 acres. The field rule took effect on 2008-09-23.

The Commission's schedule remark for this field reads: “FORMULA.”

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	2009-04-09	183299
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
Gas	Production	52,876 Mcf	$241,951
Total			$241,951

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 36.2415, -100.0726. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.24151, -100.07257 · 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

10,450 ft

1 wells filed one

Completion to plug

11.4 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 10,450 ft.

Completions filed

Mar 2002

1 of 1 wells

Plug dates filed

Aug 2013

1 of 1 wells

Last completion to plug: a median of 11.4 years across the 1 well that filed both dates, with the middle half between 11.4 years and 11.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-29532551	6	10,450 ft	Mar 2002	Aug 2013	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 (153)

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

153 months


Nov 2014	0	70.46	4.25	$0
Oct 2014	0	78.30	3.90	$0
Sep 2014	0	86.16	4.05	$0
Aug 2014	0	89.39	4.04	$0
Jul 2014	0	96.56	4.18	$0
Jun 2014	0	98.16	4.74	$0
May 2014	0	94.73	4.73	$0
Apr 2014	0	95.94	4.81	$0
Mar 2014	0	95.89	5.06	$0
Feb 2014	0	97.40	6.19	$0
Jan 2014	0	90.40	4.86	$0
Dec 2013	0	91.82	4.35	$0
Nov 2013	0	88.85	3.74	$0
Oct 2013	0	97.42	3.78	$0
Sep 2013	0	104.11	3.72	$0
Aug 2013	900	104.25	3.52	$3,170
Jul 2013	998	102.52	3.72	$3,710
Jun 2013	1,222	94.40	3.93	$4,807
May 2013	1,153	94.83	4.15	$4,784
Apr 2013	0	93.96	4.28	$0
Mar 2013	1,397	93.62	3.91	$5,466
Feb 2013	755	91.23	3.42	$2,582
Jan 2013	57	91.60	3.42	$195
Dec 2012	80	86.77	3.42	$274
Nov 2012	3	86.95	3.62	$11
Oct 2012	257	89.38	3.40	$874
Sep 2012	845	94.67	2.92	$2,466
Aug 2012	1,572	92.66	2.91	$4,572
Jul 2012	1,675	85.13	3.02	$5,060
Jun 2012	1,771	79.82	2.52	$4,461
May 2012	1,822	91.61	2.49	$4,534
Apr 2012	1,403	101.65	2.00	$2,802
Mar 2012	0	105.05	2.22	$0
Feb 2012	0	101.10	2.57	$0
Jan 2012	0	98.09	2.73	$0
Dec 2011	0	96.87	3.24	$0
Nov 2011	0	95.72	3.31	$0
Oct 2011	0	84.98	3.65	$0
Sep 2011	0	83.62	3.99	$0
Aug 2011	0	83.40	4.15	$0
Jul 2011	0	94.14	4.52	$0
Jun 2011	137	92.90	4.64	$636
May 2011	223	98.13	4.40	$982
Apr 2011	37	105.96	4.33	$160
Mar 2011	730	96.36	4.06	$2,962
Feb 2011	5	85.64	4.18	$21
Jan 2011	9	86.50	4.59	$41
Dec 2010	9	85.73	4.35	$39
Nov 2010	9	80.84	3.80	$34
Oct 2010	12	78.10	3.51	$42
Sep 2010	13	72.63	3.98	$52
Aug 2010	14	73.68	4.42	$62
Jul 2010	20	72.55	4.74	$95
Jun 2010	31	70.36	4.91	$152
May 2010	47	71.12	4.24	$199
Apr 2010	63	81.69	4.12	$260
Mar 2010	42	78.39	4.39	$184
Feb 2010	74	73.58	5.44	$403
Jan 2010	39	74.36	5.96	$233
Dec 2009	77	71.44	5.48	$422
Nov 2009	82	74.59	3.75	$308
Oct 2009	58	72.54	4.11	$238
Sep 2009	50	65.54	3.06	$153
Aug 2009	64	67.42	3.22	$206
Jul 2009	43	61.13	3.46	$149
Jun 2009	44	66.16	3.90	$171
May 2009	41	54.74	3.93	$161
Apr 2009	0	46.77	3.59	$0
Mar 2009	0	42.14	4.06	$0
Feb 2009	40	32.81	4.63	$185
Jan 2009	78	35.86	5.37	$419
Dec 2008	39	37.10	5.98	$233
Nov 2008	49	55.49	6.86	$336
Oct 2008	57	75.24	6.92	$395
Sep 2008	71	101.76	7.88	$559
Aug 2008	0	114.22	8.48	$0
Jul 2008	21	131.08	11.39	$239
Jun 2008	26	131.33	13.03	$339
May 2008	70	123.17	11.57	$810
Apr 2008	22	110.31	10.45	$230
Mar 2008	62	101.90	9.66	$599
Feb 2008	23	92.53	8.77	$202
Jan 2008	25	90.38	8.21	$205
Dec 2007	24	88.33	7.30	$175
Nov 2007	24	91.67	7.29	$175
Oct 2007	7	82.85	6.92	$48
Sep 2007	11	75.84	6.24	$69
Aug 2007	13	69.06	6.39	$83
Jul 2007	15	70.90	6.39	$96
Jun 2007	26	62.00	7.55	$196
May 2007	31	58.74	7.85	$243
Apr 2007	31	59.61	7.81	$242
Mar 2007	45	56.92	7.30	$329
Feb 2007	45	55.10	8.22	$370
Jan 2007	60	50.30	6.73	$404
Dec 2006	70	56.65	6.92	$484
Nov 2006	89	54.20	7.62	$678
Oct 2006	85	54.90	6.01	$511
Sep 2006	42	60.08	5.04	$212
Aug 2006	51	68.71	7.34	$374
Jul 2006	47	69.37	6.34	$298
Jun 2006	62	66.28	6.38	$396
May 2006	57	66.01	6.42	$366
Apr 2006	62	64.39	7.36	$456
Mar 2006	462	56.70	7.08	$3,272
Feb 2006	182	57.59	7.75	$1,411
Jan 2006	153	60.59	8.93	$1,367
Dec 2005	163	54.94	13.42	$2,187
Nov 2005	283	54.69	10.59	$2,997
Oct 2005	203	58.34	13.80	$2,801
Sep 2005	151	61.45	12.08	$1,824
Aug 2005	54	61.51	9.80	$529
Jul 2005	39	55.69	7.84	$306
Jun 2005	6	52.33	7.38	$44
May 2005	9	45.22	6.65	$60
Apr 2005	11	49.20	7.36	$81
Mar 2005	42	50.37	7.15	$301
Feb 2005	38	45.22	6.31	$240
Jan 2005	44	43.16	6.32	$278
Dec 2004	52	39.86	6.75	$351
Nov 2004	61	45.28	6.33	$386
Oct 2004	90	49.70	6.52	$586
Sep 2004	120	43.24	5.28	$634
Aug 2004	155	42.37	5.55	$860
Jul 2004	185	38.28	6.08	$1,126
Jun 2004	228	36.10	6.43	$1,467
May 2004	321	37.48	6.49	$2,085
Apr 2004	452	34.47	5.86	$2,648
Mar 2004	336	34.36	5.53	$1,858
Feb 2004	764	32.45	5.51	$4,209
Jan 2004	606	32.03	6.30	$3,818
Dec 2003	525	30.26	6.30	$3,308
Nov 2003	543	28.80	4.60	$2,495
Oct 2003	801	28.17	4.76	$3,812
Sep 2003	931	26.31	4.75	$4,422
Aug 2003	931	29.76	5.13	$4,776
Jul 2003	926	29.41	5.17	$4,788
Jun 2003	997	28.56	5.98	$5,965
May 2003	1,107	26.59	5.97	$6,612
Apr 2003	1,354	26.67	5.41	$7,321
Mar 2003	1,347	31.14	6.10	$8,211
Feb 2003	1,561	33.48	7.93	$12,372
Jan 2003	2,693	30.31	5.58	$15,032
Dec 2002	2,234	26.91	4.85	$10,843
Nov 2002	2,172	24.66	4.14	$8,985
Oct 2002	3,007	26.46	4.23	$12,717
Sep 2002	2,108	27.44	3.64	$7,663
Aug 2002	2,323	25.96	3.16	$7,350
Jul 2002	2,577	24.58	3.06	$7,890
Jun 2002	87	23.73	3.34	$290
May 2002	60	24.66	3.58	$215
Apr 2002	19	23.65	3.51	$67
Mar 2002	0	22.00	3.10	$0

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 2013 — as filed, then multipliedworked

Gas                  900 Mcf  × $  3.52 =     $3,170

────────────────────────────────────────────────────
Month total                                   $3,170

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/189498 is the state's own key, not one this site invented.