KEY, E.

Name: KEY, E. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by XTO ENERGY INC. (P-5 945936) in the PANHANDLE, EAST field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 25938District 10Field 68826001NGPA filingGasSave Export

Value, all time

$100 k

Jan 1993 – Dec 2009

Value, last 12 filed months

$5 k

at the published price for each month

Months reported

204

no gaps in the span

Streams

gas

The PANHANDLE, EAST 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 2,114 leases and 2,114 wells, and the rule below applies to all of them.

Discovered

1935-12-10

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 1989-05-01.

The Commission's schedule remark for this field reads: “67% ACRES X SIWP + (PLUS) 33% DELIVERABILITY”

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
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	32,235 Mcf	$100,299
Total			$100,299

10,755 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.

These wells centre on 35.4436, -100.7367. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.44358, -100.73667 · 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

2,750 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

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 2,750 ft.

Plug dates filed

Dec 2009

1 of 1 wells

1 well


42-17901711	1	2,750 ft	—	Dec 2009	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 (204)

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

204 months


Dec 2009	61	71.44	5.48	$335
Nov 2009	119	74.59	3.75	$446
Oct 2009	124	72.54	4.11	$510
Sep 2009	106	65.54	3.06	$325
Aug 2009	111	67.42	3.22	$357
Jul 2009	104	61.13	3.46	$360
Jun 2009	106	66.16	3.90	$413
May 2009	120	54.74	3.93	$471
Apr 2009	127	46.77	3.59	$456
Mar 2009	88	42.14	4.06	$357
Feb 2009	113	32.81	4.63	$524
Jan 2009	112	35.86	5.37	$602
Dec 2008	116	37.10	5.98	$693
Nov 2008	110	55.49	6.86	$755
Oct 2008	117	75.24	6.92	$810
Sep 2008	115	101.76	7.88	$906
Aug 2008	114	114.22	8.48	$967
Jul 2008	101	131.08	11.39	$1,150
Jun 2008	101	131.33	13.03	$1,316
May 2008	121	123.17	11.57	$1,400
Apr 2008	115	110.31	10.45	$1,202
Mar 2008	130	101.90	9.66	$1,256
Feb 2008	120	92.53	8.77	$1,052
Jan 2008	138	90.38	8.21	$1,132
Dec 2007	109	88.33	7.30	$796
Nov 2007	96	91.67	7.29	$700
Oct 2007	115	82.85	6.92	$796
Sep 2007	108	75.84	6.24	$674
Aug 2007	109	69.06	6.39	$696
Jul 2007	104	70.90	6.39	$664
Jun 2007	93	62.00	7.55	$702
May 2007	116	58.74	7.85	$910
Apr 2007	131	59.61	7.81	$1,022
Mar 2007	92	56.92	7.30	$672
Feb 2007	101	55.10	8.22	$830
Jan 2007	117	50.30	6.73	$787
Dec 2006	123	56.65	6.92	$851
Nov 2006	119	54.20	7.62	$906
Oct 2006	120	54.90	6.01	$722
Sep 2006	125	60.08	5.04	$630
Aug 2006	78	68.71	7.34	$573
Jul 2006	94	69.37	6.34	$596
Jun 2006	61	66.28	6.38	$389
May 2006	97	66.01	6.42	$623
Apr 2006	80	64.39	7.36	$589
Mar 2006	65	56.70	7.08	$460
Feb 2006	65	57.59	7.75	$504
Jan 2006	100	60.59	8.93	$893
Dec 2005	117	54.94	13.42	$1,570
Nov 2005	95	54.69	10.59	$1,006
Oct 2005	99	58.34	13.80	$1,366
Sep 2005	82	61.45	12.08	$990
Aug 2005	96	61.51	9.80	$941
Jul 2005	103	55.69	7.84	$808
Jun 2005	91	52.33	7.38	$672
May 2005	77	45.22	6.65	$512
Apr 2005	109	49.20	7.36	$802
Mar 2005	79	50.37	7.15	$565
Feb 2005	102	45.22	6.31	$644
Jan 2005	110	43.16	6.32	$695
Dec 2004	76	39.86	6.75	$513
Nov 2004	99	45.28	6.33	$627
Oct 2004	78	49.70	6.52	$508
Sep 2004	80	43.24	5.28	$423
Aug 2004	100	42.37	5.55	$555
Jul 2004	104	38.28	6.08	$633
Jun 2004	117	36.10	6.43	$753
May 2004	116	37.48	6.49	$753
Apr 2004	116	34.47	5.86	$680
Mar 2004	151	34.36	5.53	$835
Feb 2004	146	32.45	5.51	$804
Jan 2004	154	32.03	6.30	$970
Dec 2003	150	30.26	6.30	$945
Nov 2003	138	28.80	4.60	$634
Oct 2003	129	28.17	4.76	$614
Sep 2003	127	26.31	4.75	$603
Aug 2003	135	29.76	5.13	$693
Jul 2003	131	29.41	5.17	$677
Jun 2003	123	28.56	5.98	$736
May 2003	122	26.59	5.97	$729
Apr 2003	145	26.67	5.41	$784
Mar 2003	160	31.14	6.10	$975
Feb 2003	139	33.48	7.93	$1,102
Jan 2003	130	30.31	5.58	$726
Dec 2002	139	26.91	4.85	$675
Nov 2002	119	24.66	4.14	$492
Oct 2002	126	26.46	4.23	$533
Sep 2002	112	27.44	3.64	$407
Aug 2002	123	25.96	3.16	$389
Jul 2002	167	24.58	3.06	$511
Jun 2002	157	23.73	3.34	$524
May 2002	169	24.66	3.58	$606
Apr 2002	157	23.65	3.51	$551
Mar 2002	0	22.00	3.10	$0
Feb 2002	163	18.22	2.38	$387
Jan 2002	156	17.17	2.38	$371
Dec 2001	166	16.93	2.36	$392
Nov 2001	161	18.07	2.41	$387
Oct 2001	173	19.78	2.53	$438
Sep 2001	109	24.26	2.25	$245
Aug 2001	148	24.87	3.05	$452
Jul 2001	160	23.93	3.20	$512
Jun 2001	147	24.56	3.82	$562
May 2001	140	25.52	4.31	$603
Apr 2001	165	24.68	5.34	$880
Mar 2001	178	24.54	5.38	$957
Feb 2001	144	27.75	5.77	$830
Jan 2001	175	27.47	8.40	$1,470
Dec 2000	168	26.88	9.12	$1,533
Nov 2000	129	32.21	5.66	$730
Oct 2000	177	31.23	5.15	$911
Sep 2000	156	31.87	5.19	$809
Aug 2000	150	29.64	4.54	$681
Jul 2000	139	28.53	4.09	$568
Jun 2000	162	29.30	4.40	$712
May 2000	117	27.26	3.68	$431
Apr 2000	151	24.51	3.12	$471
Mar 2000	194	28.42	2.86	$555
Feb 2000	206	27.62	2.73	$562
Jan 2000	170	25.27	2.48	$422
Dec 1999	180	24.28	2.42	$436
Nov 1999	153	23.19	2.43	$372
Oct 1999	188	20.98	2.80	$527
Sep 1999	180	21.75	2.62	$471
Aug 1999	129	19.26	2.88	$371
Jul 1999	149	17.89	2.37	$353
Jun 1999	182	15.94	2.36	$430
May 1999	164	15.79	2.32	$381
Apr 1999	199	15.10	2.21	$439
Mar 1999	192	12.47	1.84	$353
Feb 1999	185	9.98	1.82	$336
Jan 1999	218	10.38	1.90	$414
Dec 1998	194	9.20	1.77	$344
Nov 1998	197	10.89	2.19	$431
Oct 1998	213	12.42	1.97	$419
Sep 1998	226	12.59	2.08	$471
Aug 1998	192	11.30	1.91	$366
Jul 1998	165	11.74	2.24	$369
Jun 1998	179	11.24	2.24	$400
May 1998	212	12.62	2.21	$468
Apr 1998	227	13.04	2.51	$569
Mar 1998	219	12.80	2.31	$506
Feb 1998	145	13.95	2.30	$333
Jan 1998	157	14.70	2.15	$338
Dec 1997	191	16.32	2.41	$461
Nov 1997	198	18.19	3.09	$611
Oct 1997	180	19.25	3.15	$567
Sep 1997	202	17.74	2.95	$597
Aug 1997	193	17.86	2.55	$493
Jul 1997	195	17.58	2.25	$438
Jun 1997	204	17.24	2.26	$460
May 1997	209	18.97	2.31	$482
Apr 1997	201	17.88	2.08	$419
Mar 1997	228	18.95	1.94	$442
Feb 1997	203	20.49	2.21	$448
Jan 1997	225	23.48	3.54	$796
Dec 1996	209	23.32	—	$0
Nov 1996	191	21.97	—	$0
Oct 1996	184	23.31	—	$0
Sep 1996	212	22.22	—	$0
Aug 1996	215	20.26	—	$0
Jul 1996	217	19.55	—	$0
Jun 1996	217	18.73	—	$0
May 1996	217	19.43	—	$0
Apr 1996	222	21.51	—	$0
Mar 1996	212	19.38	—	$0
Feb 1996	203	16.98	—	$0
Jan 1996	220	17.07	—	$0
Dec 1995	206	17.19	—	$0
Nov 1995	195	16.00	—	$0
Oct 1995	231	15.43	—	$0
Sep 1995	210	16.18	—	$0
Aug 1995	239	15.92	—	$0
Jul 1995	211	15.24	—	$0
Jun 1995	226	16.41	—	$0
May 1995	249	17.56	—	$0
Apr 1995	224	17.73	—	$0
Mar 1995	209	16.44	—	$0
Feb 1995	212	16.58	—	$0
Jan 1995	249	15.92	—	$0
Dec 1994	243	15.03	—	$0
Nov 1994	233	15.90	—	$0
Oct 1994	225	15.58	—	$0
Sep 1994	230	15.29	—	$0
Aug 1994	249	16.13	—	$0
Jul 1994	226	17.56	—	$0
Jun 1994	208	17.09	—	$0
May 1994	250	15.88	—	$0
Apr 1994	230	14.14	—	$0
Mar 1994	252	12.46	—	$0
Feb 1994	214	12.50	—	$0
Jan 1994	220	12.66	—	$0
Dec 1993	229	12.33	—	$0
Nov 1993	194	14.49	—	$0
Oct 1993	222	15.85	—	$0
Sep 1993	231	15.03	—	$0
Aug 1993	268	15.66	—	$0
Jul 1993	244	15.46	—	$0
Jun 1993	259	16.79	—	$0
May 1993	229	17.68	—	$0
Apr 1993	234	18.05	—	$0
Mar 1993	256	18.14	—	$0
Feb 1993	214	17.90	—	$0
Jan 1993	215	16.93	—	$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.

Dec 2009 — as filed, then multipliedworked

Gas                   61 Mcf  × $  5.48 =       $335

────────────────────────────────────────────────────
Month total                                     $335

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/25938 is the state's own key, not one this site invented.