JOHN -F-

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

Gas lease lease 24938District 10Field 68831001CondensateGasSaveExport
Value, all time
$3.5 M
Jan 1993 – Oct 2007
Value, last 12 filed months
$0
at the published price for each month
Months reported
178
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 4,532 leases and 4,532 wells, and the rule below applies to all of them.

Discovered
1933-02-08
as the register files it
Field class
Gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 2013-11-12.

The Commission's schedule remark for this field reads: IS HEREBY SUSPENDED.

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
CondensateDisposition416 bbl$7,483
GasProduction1,543,318 Mcf$3,468,965
Total$3,476,448

615,710 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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.

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
3,252 ft
1 wells filed one
Completion to plug
38.9 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 3,252 ft.

Completions filed
Nov 1968
1 of 1 wells
Plug dates filed
Oct 2007
1 of 1 wells

Last completion to plug: a median of 38.9 years across the 1 well that filed both dates, with the middle half between 38.9 years and 38.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3410167213,252 ftNov 1968Oct 2007Yes

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 (178)

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

178 months

Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 2005035149.207.36$2,584
Mar 200503,14650.377.15$22,509
Feb 200506,72145.226.31$42,422
Jan 200508,17443.166.32$51,678
Dec 200408,20339.866.75$55,379
Nov 200407,82445.286.33$49,529
Oct 200408,34149.706.52$54,342
Sep 200408,28243.245.28$43,761
Aug 200408,68742.375.55$48,219
Jul 200407,62538.286.08$46,392
Jun 2004118,05036.106.43$52,183
May 200408,31837.486.49$54,022
Apr 200408,11234.475.86$47,524
Mar 200408,59434.365.53$47,526
Feb 200407,41932.455.51$40,876
Jan 200408,16432.036.30$51,430
Dec 200308,62930.266.30$54,377
Nov 200308,47128.804.60$38,926
Oct 200308,62028.174.76$41,028
Sep 200308,67126.314.75$41,182
Aug 200309,02029.765.13$46,270
Jul 200399,08629.415.17$47,247
Jun 200308,81828.565.98$52,758
May 200309,02226.595.97$53,886
Apr 200307,89426.675.41$42,685
Mar 200308,79631.146.10$53,621
Feb 200308,09533.487.93$64,160
Jan 200308,52630.315.58$47,592
Dec 200249,11326.914.85$44,340
Nov 200208,83424.664.14$36,546
Oct 200209,31026.464.23$39,373
Sep 200209,20227.443.64$33,451
Aug 200209,51725.963.16$30,113
Jul 200209,67424.583.06$29,619
Jun 200208,39123.733.34$28,011
May 200209,13724.663.58$32,747
Apr 200209,03823.653.51$31,744
Mar 200209,58722.003.10$29,746
Feb 200208,83918.222.38$20,999
Jan 200229,42917.172.38$22,435
Dec 2001159,22516.932.36$22,066
Nov 200109,36618.072.41$22,530
Oct 200109,97819.782.53$25,233
Sep 200109,66624.262.25$21,761
Aug 200108,98724.873.05$27,439
Jul 200109,22423.933.20$29,490
Jun 200106,34324.563.82$24,257
May 200108,57125.524.31$36,918
Apr 200108,43724.685.34$45,014
Mar 200108,03124.545.38$43,178
Feb 200104,69427.755.77$27,071
Jan 2001127,49227.478.40$63,253
Dec 200009,12126.889.12$83,206
Nov 200008,99732.215.66$50,905
Oct 200009,72831.235.15$50,055
Sep 200009,98431.875.19$51,782
Aug 2000010,83429.644.54$49,194
Jul 200018,71428.534.09$35,667
Jun 200009,61929.304.40$42,297
May 200009,54027.263.68$35,105
Apr 200009,99724.513.12$31,151
Mar 2000810,03228.422.86$28,916
Feb 200004,92827.622.73$13,436
Jan 2000010,52725.272.48$26,112
Dec 199989,90224.282.42$24,194
Nov 1999010,09423.192.43$24,569
Oct 1999010,67820.982.80$29,938
Sep 19991110,43721.752.62$27,572
Aug 1999010,89519.262.88$31,330
Jul 19991811,08817.892.37$26,627
Jun 19991310,07315.942.36$24,001
May 19992010,80715.792.32$25,399
Apr 199907,35515.102.21$16,240
Mar 1999110,15612.471.84$18,683
Feb 199908,8429.981.82$16,073
Jan 1999010,40010.381.90$19,759
Dec 1998010,9639.201.77$19,441
Nov 1998010,55710.892.19$23,075
Oct 1998310,78212.421.97$21,269
Sep 1998010,15112.592.08$21,141
Aug 19983110,42611.301.91$20,236
Jul 1998410,68111.742.24$23,943
Jun 1998010,57111.242.24$23,650
May 19985710,37812.622.21$23,617
Apr 1998010,91913.042.51$27,356
Mar 1998010,87412.802.31$25,113
Feb 199809,67213.952.30$22,237
Jan 1998011,55614.702.15$24,901
Dec 1997011,50816.322.41$27,747
Nov 19972611,22618.193.09$35,142
Oct 19971311,87519.253.15$37,654
Sep 1997011,64817.742.95$34,418
Aug 1997011,89817.862.55$30,396
Jul 19972112,02817.582.25$27,395
Jun 19972411,74517.242.26$26,925
May 1997011,60818.972.31$26,797
Apr 1997010,82717.882.08$22,550
Mar 1997011,75518.951.94$22,795
Feb 199709,65820.492.21$21,305
Jan 1997011,81023.483.54$41,804
Dec 1996912,06523.32$210
Nov 1996211,68421.97$44
Oct 1996012,36623.31$0
Sep 1996011,11022.22$0
Aug 1996112,60520.26$20
Jul 1996612,55219.55$117
Jun 1996011,49918.73$0
May 1996012,80519.43$0
Apr 1996112,33521.51$22
Mar 1996012,91319.38$0
Feb 19961310,60016.98$221
Jan 1996112,54017.07$17
Dec 1995013,14517.19$0
Nov 1995012,33816.00$0
Oct 1995013,09815.43$0
Sep 1995312,70516.18$49
Aug 1995013,25315.92$0
Jul 1995013,33015.24$0
Jun 1995012,95516.41$0
May 1995012,16117.56$0
Apr 1995012,22717.73$0
Mar 1995012,87316.44$0
Feb 1995012,18216.58$0
Jan 1995011,67315.92$0
Dec 1994012,77815.03$0
Nov 1994212,45115.90$32
Oct 1994012,32515.58$0
Sep 1994010,73515.29$0
Aug 19941410,02816.13$226
Jul 1994011,59517.56$0
Jun 1994213,41517.09$34
May 1994012,77415.88$0
Apr 1994013,70714.14$0
Mar 1994014,83712.46$0
Feb 1994012,59812.50$0
Jan 1994014,89112.66$0
Dec 1993014,14212.33$0
Nov 1993013,17414.49$0
Oct 1993214,16315.85$32
Sep 1993013,87815.03$0
Aug 1993014,20215.66$0
Jul 1993014,75715.46$0
Jun 1993012,92116.79$0
May 1993014,81317.68$0
Apr 19934812,82718.05$866
Mar 1993014,58718.14$0
Feb 1993013,04417.90$0
Jan 1993014,05416.93$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.

Apr 2005 — as filed, then multipliedworked
Condensate             0 bbl  × $ 49.20 =         $0
Gas                  351 Mcf  × $  7.36 =     $2,584

────────────────────────────────────────────────────
Month total                                   $2,584

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/24938 is the state's own key, not one this site invented.