SNEED, J. T.

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

Operated by CHESAPEAKE OPERATING, INC. (P-5 147715) in the PANHANDLE, WEST (RED CAVE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 27140District 10Field 68831200Hydrogen sulphide fieldNGPA filingGasSave Export

Value, all time

$140 k

Jan 1993 – Oct 2006

Value, last 12 filed months

at the published price for each month

Months reported

166

no gaps in the span

Streams

gas

The PANHANDLE, WEST (RED CAVE) 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 666 leases and 666 wells, and the rule below applies to all of them.

Discovered

1960-07-15

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 2019-11-19.

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: “THE LOCATION OF PERFORATIONS.”

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	136,656 Mcf	$140,135
Total			$140,135

87,265 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 35.7313, -101.6926. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.73129, -101.69259 · 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

1,923 ft

1 wells filed one

Completion to plug

47.0 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 1,923 ft.

Completions filed

Oct 1959

1 of 1 wells

Plug dates filed

Oct 2006

1 of 1 wells

Last completion to plug: a median of 47.0 years across the 1 well that filed both dates, with the middle half between 47.0 years and 47.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-34127140	103	1,923 ft	Oct 1959	Oct 2006	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 (166)

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

166 months


Oct 2006	0	54.90	6.01	$0
Sep 2006	0	60.08	5.04	$0
Aug 2006	0	68.71	7.34	$0
Jul 2006	0	69.37	6.34	$0
Jun 2006	0	66.28	6.38	$0
May 2006	0	66.01	6.42	$0
Apr 2006	0	64.39	7.36	$0
Mar 2006	0	56.70	7.08	$0
Feb 2006	0	57.59	7.75	$0
Jan 2006	0	60.59	8.93	$0
Dec 2005	0	54.94	13.42	$0
Nov 2005	0	54.69	10.59	$0
Oct 2005	0	58.34	13.80	$0
Sep 2005	6	61.45	12.08	$72
Aug 2005	27	61.51	9.80	$265
Jul 2005	25	55.69	7.84	$196
Jun 2005	26	52.33	7.38	$192
May 2005	21	45.22	6.65	$140
Apr 2005	31	49.20	7.36	$228
Mar 2005	32	50.37	7.15	$229
Feb 2005	27	45.22	6.31	$170
Jan 2005	33	43.16	6.32	$209
Dec 2004	37	39.86	6.75	$250
Nov 2004	37	45.28	6.33	$234
Oct 2004	34	49.70	6.52	$222
Sep 2004	32	43.24	5.28	$169
Aug 2004	37	42.37	5.55	$205
Jul 2004	39	38.28	6.08	$237
Jun 2004	42	36.10	6.43	$270
May 2004	41	37.48	6.49	$266
Apr 2004	35	34.47	5.86	$205
Mar 2004	44	34.36	5.53	$243
Feb 2004	41	32.45	5.51	$226
Jan 2004	48	32.03	6.30	$302
Dec 2003	45	30.26	6.30	$284
Nov 2003	48	28.80	4.60	$221
Oct 2003	59	28.17	4.76	$281
Sep 2003	90	26.31	4.75	$427
Aug 2003	110	29.76	5.13	$564
Jul 2003	120	29.41	5.17	$621
Jun 2003	117	28.56	5.98	$700
May 2003	87	26.59	5.97	$520
Apr 2003	77	26.67	5.41	$416
Mar 2003	85	31.14	6.10	$518
Feb 2003	89	33.48	7.93	$705
Jan 2003	99	30.31	5.58	$553
Dec 2002	125	26.91	4.85	$607
Nov 2002	116	24.66	4.14	$480
Oct 2002	123	26.46	4.23	$520
Sep 2002	134	27.44	3.64	$487
Aug 2002	131	25.96	3.16	$415
Jul 2002	152	24.58	3.06	$465
Jun 2002	151	23.73	3.34	$504
May 2002	156	24.66	3.58	$559
Apr 2002	157	23.65	3.51	$551
Mar 2002	204	22.00	3.10	$633
Feb 2002	189	18.22	2.38	$449
Jan 2002	182	17.17	2.38	$432
Dec 2001	236	16.93	2.36	$558
Nov 2001	207	18.07	2.41	$498
Oct 2001	196	19.78	2.53	$496
Sep 2001	204	24.26	2.25	$459
Aug 2001	217	24.87	3.05	$663
Jul 2001	218	23.93	3.20	$697
Jun 2001	239	24.56	3.82	$914
May 2001	265	25.52	4.31	$1,141
Apr 2001	245	24.68	5.34	$1,307
Mar 2001	262	24.54	5.38	$1,409
Feb 2001	287	27.75	5.77	$1,655
Jan 2001	349	27.47	8.40	$2,931
Dec 2000	416	26.88	9.12	$3,795
Nov 2000	332	32.21	5.66	$1,878
Oct 2000	309	31.23	5.15	$1,590
Sep 2000	301	31.87	5.19	$1,561
Aug 2000	321	29.64	4.54	$1,458
Jul 2000	337	28.53	4.09	$1,378
Jun 2000	314	29.30	4.40	$1,381
May 2000	357	27.26	3.68	$1,314
Apr 2000	360	24.51	3.12	$1,122
Mar 2000	376	28.42	2.86	$1,075
Feb 2000	383	27.62	2.73	$1,044
Jan 2000	460	25.27	2.48	$1,141
Dec 1999	406	24.28	2.42	$984
Nov 1999	449	23.19	2.43	$1,093
Oct 1999	492	20.98	2.80	$1,379
Sep 1999	498	21.75	2.62	$1,304
Aug 1999	534	19.26	2.88	$1,536
Jul 1999	565	17.89	2.37	$1,340
Jun 1999	581	15.94	2.36	$1,372
May 1999	535	15.79	2.32	$1,242
Apr 1999	635	15.10	2.21	$1,402
Mar 1999	706	12.47	1.84	$1,298
Feb 1999	652	9.98	1.82	$1,185
Jan 1999	765	10.38	1.90	$1,453
Dec 1998	996	9.20	1.77	$1,766
Nov 1998	787	10.89	2.19	$1,720
Oct 1998	852	12.42	1.97	$1,678
Sep 1998	880	12.59	2.08	$1,833
Aug 1998	972	11.30	1.91	$1,854
Jul 1998	1,028	11.74	2.24	$2,300
Jun 1998	1,071	11.24	2.24	$2,396
May 1998	811	12.62	2.21	$1,789
Apr 1998	1,317	13.04	2.51	$3,300
Mar 1998	1,441	12.80	2.31	$3,328
Feb 1998	1,334	13.95	2.30	$3,067
Jan 1998	1,438	14.70	2.15	$3,099
Dec 1997	1,511	16.32	2.41	$3,643
Nov 1997	1,517	18.19	3.09	$4,685
Oct 1997	1,573	19.25	3.15	$4,955
Sep 1997	1,632	17.74	2.95	$4,822
Aug 1997	1,710	17.86	2.55	$4,369
Jul 1997	1,974	17.58	2.25	$4,435
Jun 1997	1,466	17.24	2.26	$3,309
May 1997	2,051	18.97	2.31	$4,735
Apr 1997	1,780	17.88	2.08	$3,707
Mar 1997	1,118	18.95	1.94	$2,168
Feb 1997	1,094	20.49	2.21	$2,413
Jan 1997	1,488	23.48	3.54	$5,267
Dec 1996	1,051	23.32	—	$0
Nov 1996	1,278	21.97	—	$0
Oct 1996	1,421	23.31	—	$0
Sep 1996	1,481	22.22	—	$0
Aug 1996	1,748	20.26	—	$0
Jul 1996	2,166	19.55	—	$0
Jun 1996	2,077	18.73	—	$0
May 1996	1,866	19.43	—	$0
Apr 1996	2,036	21.51	—	$0
Mar 1996	2,090	19.38	—	$0
Feb 1996	1,870	16.98	—	$0
Jan 1996	2,008	17.07	—	$0
Dec 1995	2,161	17.19	—	$0
Nov 1995	2,070	16.00	—	$0
Oct 1995	2,144	15.43	—	$0
Sep 1995	2,062	16.18	—	$0
Aug 1995	2,227	15.92	—	$0
Jul 1995	2,288	15.24	—	$0
Jun 1995	2,382	16.41	—	$0
May 1995	2,366	17.56	—	$0
Apr 1995	2,505	17.73	—	$0
Mar 1995	2,626	16.44	—	$0
Feb 1995	2,468	16.58	—	$0
Jan 1995	3,053	15.92	—	$0
Dec 1994	3,396	15.03	—	$0
Nov 1994	4,140	15.90	—	$0
Oct 1994	1,718	15.58	—	$0
Sep 1994	697	15.29	—	$0
Aug 1994	1,455	16.13	—	$0
Jul 1994	1,462	17.56	—	$0
Jun 1994	1,435	17.09	—	$0
May 1994	1,131	15.88	—	$0
Apr 1994	1,630	14.14	—	$0
Mar 1994	1,375	12.46	—	$0
Feb 1994	1,182	12.50	—	$0
Jan 1994	1,509	12.66	—	$0
Dec 1993	1,426	12.33	—	$0
Nov 1993	1,525	14.49	—	$0
Oct 1993	1,596	15.85	—	$0
Sep 1993	1,638	15.03	—	$0
Aug 1993	1,507	15.66	—	$0
Jul 1993	1,678	15.46	—	$0
Jun 1993	1,607	16.79	—	$0
May 1993	1,436	17.68	—	$0
Apr 1993	1,441	18.05	—	$0
Mar 1993	1,524	18.14	—	$0
Feb 1993	393	17.90	—	$0
Jan 1993	920	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.

Sep 2005 — as filed, then multipliedworked

Gas                    6 Mcf  × $ 12.08 =        $72

────────────────────────────────────────────────────
Month total                                      $72

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/27140 is the state's own key, not one this site invented.