FRANKS

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

Operated by QUESTA OPERATING COMPANY, LLC (P-5 684641) 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 27005District 10Field 68826001GasSave Export

Value, all time

$70 k

Jan 1993 – Mar 2011

Value, last 12 filed months

at the published price for each month

Months reported

219

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”

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	15,984 Mcf	$69,505
Total			$69,505

1,657 Mcf of this lease's gas, across 8 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 35.1721, -100.4993. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.17207, -100.49929 · 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

2,563 ft

1 wells filed one

Completion to plug

51.8 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 2,563 ft.

Completions filed

May 1959

1 of 1 wells

Plug dates filed

Mar 2011

1 of 1 wells

Last completion to plug: a median of 51.8 years across the 1 well that filed both dates, with the middle half between 51.8 years and 51.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-08700376	A 2	2,563 ft	May 1959	Mar 2011	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 (219)

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

219 months


Mar 2011	0	96.36	4.06	$0
Feb 2011	0	85.64	4.18	$0
Jan 2011	0	86.50	4.59	$0
Dec 2010	0	85.73	4.35	$0
Nov 2010	0	80.84	3.80	$0
Oct 2010	0	78.10	3.51	$0
Sep 2010	0	72.63	3.98	$0
Aug 2010	0	73.68	4.42	$0
Jul 2010	0	72.55	4.74	$0
Jun 2010	0	70.36	4.91	$0
May 2010	0	71.12	4.24	$0
Apr 2010	0	81.69	4.12	$0
Mar 2010	0	78.39	4.39	$0
Feb 2010	0	73.58	5.44	$0
Jan 2010	0	74.36	5.96	$0
Dec 2009	0	71.44	5.48	$0
Nov 2009	0	74.59	3.75	$0
Oct 2009	0	72.54	4.11	$0
Sep 2009	0	65.54	3.06	$0
Aug 2009	0	67.42	3.22	$0
Jul 2009	0	61.13	3.46	$0
Jun 2009	0	66.16	3.90	$0
May 2009	0	54.74	3.93	$0
Apr 2009	0	46.77	3.59	$0
Mar 2009	0	42.14	4.06	$0
Feb 2009	0	32.81	4.63	$0
Jan 2009	60	35.86	5.37	$322
Dec 2008	69	37.10	5.98	$412
Nov 2008	79	55.49	6.86	$542
Oct 2008	74	75.24	6.92	$512
Sep 2008	69	101.76	7.88	$544
Aug 2008	76	114.22	8.48	$645
Jul 2008	77	131.08	11.39	$877
Jun 2008	75	131.33	13.03	$977
May 2008	78	123.17	11.57	$903
Apr 2008	71	110.31	10.45	$742
Mar 2008	72	101.90	9.66	$696
Feb 2008	66	92.53	8.77	$579
Jan 2008	67	90.38	8.21	$550
Dec 2007	70	88.33	7.30	$511
Nov 2007	71	91.67	7.29	$518
Oct 2007	75	82.85	6.92	$519
Sep 2007	74	75.84	6.24	$462
Aug 2007	77	69.06	6.39	$492
Jul 2007	78	70.90	6.39	$498
Jun 2007	73	62.00	7.55	$551
May 2007	80	58.74	7.85	$628
Apr 2007	74	59.61	7.81	$578
Mar 2007	76	56.92	7.30	$555
Feb 2007	67	55.10	8.22	$550
Jan 2007	76	50.30	6.73	$511
Dec 2006	73	56.65	6.92	$505
Nov 2006	73	54.20	7.62	$556
Oct 2006	82	54.90	6.01	$493
Sep 2006	83	60.08	5.04	$418
Aug 2006	88	68.71	7.34	$646
Jul 2006	89	69.37	6.34	$565
Jun 2006	89	66.28	6.38	$568
May 2006	89	66.01	6.42	$572
Apr 2006	86	64.39	7.36	$633
Mar 2006	88	56.70	7.08	$623
Feb 2006	77	57.59	7.75	$597
Jan 2006	86	60.59	8.93	$768
Dec 2005	78	54.94	13.42	$1,046
Nov 2005	84	54.69	10.59	$889
Oct 2005	88	58.34	13.80	$1,214
Sep 2005	88	61.45	12.08	$1,063
Aug 2005	92	61.51	9.80	$901
Jul 2005	86	55.69	7.84	$675
Jun 2005	96	52.33	7.38	$709
May 2005	91	45.22	6.65	$605
Apr 2005	99	49.20	7.36	$729
Mar 2005	271	50.37	7.15	$1,939
Feb 2005	0	45.22	6.31	$0
Jan 2005	117	43.16	6.32	$740
Dec 2004	19	39.86	6.75	$128
Nov 2004	1	45.28	6.33	$6
Oct 2004	29	49.70	6.52	$189
Sep 2004	177	43.24	5.28	$935
Aug 2004	100	42.37	5.55	$555
Jul 2004	37	38.28	6.08	$225
Jun 2004	102	36.10	6.43	$656
May 2004	103	37.48	6.49	$669
Apr 2004	98	34.47	5.86	$574
Mar 2004	128	34.36	5.53	$708
Feb 2004	160	32.45	5.51	$882
Jan 2004	7	32.03	6.30	$44
Dec 2003	4	30.26	6.30	$25
Nov 2003	8	28.80	4.60	$37
Oct 2003	69	28.17	4.76	$328
Sep 2003	220	26.31	4.75	$1,045
Aug 2003	253	29.76	5.13	$1,298
Jul 2003	207	29.41	5.17	$1,070
Jun 2003	95	28.56	5.98	$568
May 2003	107	26.59	5.97	$639
Apr 2003	103	26.67	5.41	$557
Mar 2003	100	31.14	6.10	$610
Feb 2003	85	33.48	7.93	$674
Jan 2003	95	30.31	5.58	$530
Dec 2002	82	26.91	4.85	$398
Nov 2002	80	24.66	4.14	$331
Oct 2002	106	26.46	4.23	$448
Sep 2002	97	27.44	3.64	$353
Aug 2002	99	25.96	3.16	$313
Jul 2002	104	24.58	3.06	$318
Jun 2002	99	23.73	3.34	$330
May 2002	99	24.66	3.58	$355
Apr 2002	92	23.65	3.51	$323
Mar 2002	98	22.00	3.10	$304
Feb 2002	79	18.22	2.38	$188
Jan 2002	92	17.17	2.38	$219
Dec 2001	87	16.93	2.36	$206
Nov 2001	89	18.07	2.41	$214
Oct 2001	106	19.78	2.53	$268
Sep 2001	101	24.26	2.25	$227
Aug 2001	104	24.87	3.05	$318
Jul 2001	102	23.93	3.20	$326
Jun 2001	104	24.56	3.82	$398
May 2001	108	25.52	4.31	$465
Apr 2001	100	24.68	5.34	$534
Mar 2001	98	24.54	5.38	$527
Feb 2001	102	27.75	5.77	$588
Jan 2001	101	27.47	8.40	$848
Dec 2000	93	26.88	9.12	$848
Nov 2000	86	32.21	5.66	$487
Oct 2000	86	31.23	5.15	$443
Sep 2000	104	31.87	5.19	$539
Aug 2000	100	29.64	4.54	$454
Jul 2000	120	28.53	4.09	$491
Jun 2000	104	29.30	4.40	$457
May 2000	99	27.26	3.68	$364
Apr 2000	103	24.51	3.12	$321
Mar 2000	103	28.42	2.86	$295
Feb 2000	108	27.62	2.73	$294
Jan 2000	94	25.27	2.48	$233
Dec 1999	97	24.28	2.42	$235
Nov 1999	116	23.19	2.43	$282
Oct 1999	105	20.98	2.80	$294
Sep 1999	113	21.75	2.62	$296
Aug 1999	109	19.26	2.88	$313
Jul 1999	106	17.89	2.37	$251
Jun 1999	117	15.94	2.36	$276
May 1999	91	15.79	2.32	$211
Apr 1999	80	15.10	2.21	$177
Mar 1999	118	12.47	1.84	$217
Feb 1999	119	9.98	1.82	$216
Jan 1999	120	10.38	1.90	$228
Dec 1998	133	9.20	1.77	$236
Nov 1998	144	10.89	2.19	$315
Oct 1998	192	12.42	1.97	$378
Sep 1998	192	12.59	2.08	$400
Aug 1998	214	11.30	1.91	$408
Jul 1998	91	11.74	2.24	$204
Jun 1998	114	11.24	2.24	$255
May 1998	143	12.62	2.21	$316
Apr 1998	149	13.04	2.51	$373
Mar 1998	194	12.80	2.31	$448
Feb 1998	84	13.95	2.30	$193
Jan 1998	91	14.70	2.15	$196
Dec 1997	145	16.32	2.41	$350
Nov 1997	114	18.19	3.09	$352
Oct 1997	99	19.25	3.15	$312
Sep 1997	119	17.74	2.95	$352
Aug 1997	107	17.86	2.55	$273
Jul 1997	80	17.58	2.25	$180
Jun 1997	149	17.24	2.26	$336
May 1997	99	18.97	2.31	$229
Apr 1997	138	17.88	2.08	$287
Mar 1997	137	18.95	1.94	$266
Feb 1997	120	20.49	2.21	$265
Jan 1997	135	23.48	3.54	$478
Dec 1996	149	23.32	—	$0
Nov 1996	151	21.97	—	$0
Oct 1996	171	23.31	—	$0
Sep 1996	178	22.22	—	$0
Aug 1996	202	20.26	—	$0
Jul 1996	226	19.55	—	$0
Jun 1996	305	18.73	—	$0
May 1996	0	19.43	—	$0
Apr 1996	275	21.51	—	$0
Mar 1996	0	19.38	—	$0
Feb 1996	0	16.98	—	$0
Jan 1996	0	17.07	—	$0
Dec 1995	0	17.19	—	$0
Nov 1995	0	16.00	—	$0
Oct 1995	0	15.43	—	$0
Sep 1995	0	16.18	—	$0
Aug 1995	0	15.92	—	$0
Jul 1995	0	15.24	—	$0
Jun 1995	0	16.41	—	$0
May 1995	0	17.56	—	$0
Apr 1995	0	17.73	—	$0
Mar 1995	0	16.44	—	$0
Feb 1995	0	16.58	—	$0
Jan 1995	0	15.92	—	$0
Dec 1994	0	15.03	—	$0
Nov 1994	0	15.90	—	$0
Oct 1994	0	15.58	—	$0
Sep 1994	0	15.29	—	$0
Aug 1994	0	16.13	—	$0
Jul 1994	0	17.56	—	$0
Jun 1994	0	17.09	—	$0
May 1994	0	15.88	—	$0
Apr 1994	0	14.14	—	$0
Mar 1994	0	12.46	—	$0
Feb 1994	0	12.50	—	$0
Jan 1994	0	12.66	—	$0
Dec 1993	0	12.33	—	$0
Nov 1993	0	14.49	—	$0
Oct 1993	0	15.85	—	$0
Sep 1993	0	15.03	—	$0
Aug 1993	0	15.66	—	$0
Jul 1993	0	15.46	—	$0
Jun 1993	0	16.79	—	$0
May 1993	0	17.68	—	$0
Apr 1993	0	18.05	—	$0
Mar 1993	0	18.14	—	$0
Feb 1993	0	17.90	—	$0
Jan 1993	0	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.

Jan 2009 — as filed, then multipliedworked

Gas                   60 Mcf  × $  5.37 =       $322

────────────────────────────────────────────────────
Month total                                     $322

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/27005 is the state's own key, not one this site invented.