SPEARMAN 23

Operated by SEEK ENERGY, LLC (P-5 763160) in the HOOVER, NE (GRANITE WASH) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 197528District 10Field 42512300Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$16.7 M
Mar 2003 – Dec 2015
Value, last 12 filed months
$0
at the published price for each month
Months reported
154
no gaps in the span
Streams
2
condensate, 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 13 leases and 17 wells, and the rule below applies to all of them.

Discovered
1996-12-23
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2003-02-25.

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: 40 ACS. 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
CondensateDisposition6,968 bbl$323,900
GasProduction2,325,740 Mcf$16,394,850
Total$16,718,750

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 35.5984, -100.8404. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.59843, -100.84036 · 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
0.0%
0 of 1 wells
Median depth
9,190 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 9,190 ft.

Completions filed
Oct 2014
1 of 1 wells

1 well

42-1793244769,190 ftOct 2014Yes

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 (154)

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

154 months

Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 2014228078.303.90$17,852
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 2010054574.365.96$3,250
Dec 200901,12371.445.48$6,158
Nov 20091552,20274.593.75$19,822
Oct 200902,34672.544.11$9,643
Sep 200901,70165.543.06$5,213
Aug 200902,55967.423.22$8,236
Jul 20091722,71261.133.46$19,910
Jun 200902,10866.163.90$8,211
May 200903,00654.743.93$11,801
Apr 200917023246.773.59$8,783
Mar 2009010,58542.144.06$42,965
Feb 2009019,67132.814.63$91,136
Jan 2009044,17135.865.37$237,242
Dec 2008049,95937.105.98$298,612
Nov 2008015,40355.496.86$105,670
Oct 200806275.246.92$429
Sep 2008047101.767.88$370
Aug 200804,290114.228.48$36,392
Jul 2008010,656131.0811.39$121,366
Jun 2008013,853131.3313.03$180,541
May 2008015,461123.1711.57$178,950
Apr 2008015,719110.3110.45$164,340
Mar 2008017,048101.909.66$164,753
Feb 2008016,60092.538.77$145,592
Jan 2008016,08190.388.21$131,956
Dec 2007018,49588.337.30$135,050
Nov 200718517,97991.677.29$148,056
Oct 2007019,73782.856.92$136,619
Sep 2007019,18775.846.24$119,807
Aug 2007018,27169.066.39$116,714
Jul 2007019,04570.906.39$121,658
Jun 200718321,07762.007.55$170,445
May 2007021,81358.747.85$171,151
Apr 2007021,07859.617.81$164,518
Mar 2007022,51956.927.30$164,433
Feb 2007019,68055.108.22$161,691
Jan 2007018,46550.306.73$124,211
Dec 2006023,21556.656.92$160,612
Nov 2006018,47754.207.62$140,748
Oct 2006017,19254.906.01$103,389
Sep 200617720,01460.085.04$111,449
Aug 2006018,30068.717.34$134,321
Jul 2006018,61369.376.34$118,058
Jun 2006021,38566.286.38$136,519
May 200619626,38766.016.42$182,474
Apr 2006028,97464.397.36$213,263
Mar 2006032,79856.707.08$232,306
Feb 200619132,42857.597.75$262,353
Jan 2006036,71260.598.93$327,960
Dec 200518438,43954.9413.42$525,784
Nov 200517440,54554.6910.59$438,823
Oct 2005041,72058.3413.80$575,559
Sep 2005038,06961.4512.08$459,835
Aug 200516841,13661.519.80$413,336
Jul 2005041,14755.697.84$322,742
Jun 200517444,48552.337.38$337,451
May 200519248,81345.226.65$333,345
Apr 200517849,36249.207.36$372,086
Mar 2005048,90650.377.15$349,917
Feb 200518647,91845.226.31$310,866
Jan 200518754,94143.166.32$355,419
Dec 200418857,02039.866.75$392,440
Nov 2004049,08045.286.33$310,697
Oct 200419455,83349.706.52$373,399
Sep 200419954,20143.245.28$294,997
Aug 200437751,48442.375.55$301,744
Jul 200419550,31838.286.08$313,608
Jun 200436457,05136.106.43$380,151
May 200419362,98137.486.49$416,269
Apr 200458561,52134.475.86$380,583
Mar 200437671,04534.365.53$405,808
Feb 200436769,91632.455.51$397,120
Jan 200436983,25932.036.30$536,321
Dec 200327784,56030.266.30$541,249
Nov 200308,84728.804.60$40,653
Oct 2003013,26028.174.76$63,113
Sep 2003010,23726.314.75$48,619
Aug 2003015,14629.765.13$77,695
Jul 200318422,01429.415.17$119,242
Jun 2003028,42228.565.98$170,048
May 2003037,57826.595.97$224,441
Apr 2003036,44926.675.41$197,090
Mar 2003010,05631.146.10$61,302

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.

Oct 2014 — as filed, then multipliedworked
Condensate           228 bbl  × $ 78.30 =    $17,852
Gas                    0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                  $17,852

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/197528 is the state's own key, not one this site invented.