SMITH, JOE

Operated by STRAT LAND EXPLORATION COMPANY (P-5 825420) in the HANSFORD (MORROW, UPPER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 28271District 10Field 38797682NGPA filingCondensateGasSaveExport
Value, all time
$989 k
Jan 1993 – Jun 2012
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
234
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 369 leases and 369 wells, and the rule below applies to all of them.

Discovered
1953-10-11
as the register files it
Field class
Gas
the register's own label
Between wells
2,500 ft
minimum
From a lease line
1,250 ft
minimum

A drilling unit in this field needs at least 640 acres.

The Commission's schedule remark for this field reads: SURVEY

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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition924 bbl$43,490
GasProduction319,387 Mcf$945,581
Total$989,071

76,746 Mcf of this lease's gas, across 41 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 36.2040, -101.1532. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.20401, -101.15320 · 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
7,600 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 7,600 ft.

Completions filed
Jul 2012
1 of 1 wells

1 well

42-1950024617,600 ftJul 2012Yes

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 (234)

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

234 months

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 201258098.092.73$5,689
Dec 20110596.873.24$16
Nov 20110095.723.31$0
Oct 2011601484.983.65$5,150
Sep 201101683.623.99$64
Aug 20110483.404.15$17
Jul 2011023294.144.52$1,048
Jun 2011021992.904.64$1,016
May 2011030298.134.40$1,330
Apr 20110228105.964.33$988
Mar 2011010096.364.06$406
Feb 20110585.644.18$21
Jan 201117611186.504.59$15,733
Dec 2010014585.734.35$630
Nov 2010016480.843.80$622
Oct 20100178.103.51$4
Sep 20100172.633.98$4
Aug 2010030173.684.42$1,330
Jul 2010048872.554.74$2,311
Jun 2010046470.364.91$2,278
May 2010054771.124.24$2,317
Apr 2010053181.694.12$2,189
Mar 2010058278.394.39$2,554
Feb 2010047673.585.44$2,591
Jan 2010050774.365.96$3,024
Dec 2009057871.445.48$3,170
Nov 2009059274.593.75$2,221
Oct 2009057072.544.11$2,343
Sep 2009065165.543.06$1,995
Aug 2009070567.423.22$2,269
Jul 2009080161.133.46$2,775
Jun 2009064966.163.90$2,528
May 2009076254.743.93$2,991
Apr 2009062946.773.59$2,257
Mar 2009061042.144.06$2,476
Feb 2009051932.814.63$2,405
Jan 2009047735.865.37$2,562
Dec 2008023137.105.98$1,381
Nov 2008057755.496.86$3,958
Oct 2008065375.246.92$4,520
Sep 20080649101.767.88$5,112
Aug 20080644114.228.48$5,463
Jul 20080240131.0811.39$2,733
Jun 20080197131.3313.03$2,567
May 20080488123.1711.57$5,648
Apr 20080606110.3110.45$6,336
Mar 20080602101.909.66$5,818
Feb 2008047792.538.77$4,184
Jan 2008047290.388.21$3,873
Dec 2007043388.337.30$3,162
Nov 2007068191.677.29$4,966
Oct 2007066182.856.92$4,575
Sep 2007052775.846.24$3,291
Aug 2007052569.066.39$3,354
Jul 2007066870.906.39$4,267
Jun 2007067362.007.55$5,080
May 2007067958.747.85$5,328
Apr 2007071359.617.81$5,565
Mar 2007046056.927.30$3,359
Feb 20070055.108.22$0
Jan 2007021850.306.73$1,466
Dec 2006071556.656.92$4,947
Nov 2006079254.207.62$6,033
Oct 2006058554.906.01$3,518
Sep 2006042460.085.04$2,136
Aug 2006091268.717.34$6,694
Jul 2006079269.376.34$5,023
Jun 2006064866.286.38$4,137
May 2006085266.016.42$5,474
Apr 2006094364.397.36$6,941
Mar 2006075356.707.08$5,333
Feb 2006070857.597.75$5,488
Jan 2006080760.598.93$7,209
Dec 2005075554.9413.42$10,129
Nov 2005098254.6910.59$10,398
Oct 2005079958.3413.80$11,023
Sep 2005090461.4512.08$10,919
Aug 2005099661.519.80$9,758
Jul 2005099955.697.84$7,836
Jun 200501,05652.337.38$7,794
May 200501,08945.226.65$7,243
Apr 200501,13449.207.36$8,347
Mar 200501,12650.377.15$8,056
Feb 200501,00545.226.31$6,343
Jan 200501,02643.166.32$6,487
Dec 200401,05439.866.75$7,116
Nov 200401,21745.286.33$7,704
Oct 20041611,15649.706.52$15,533
Sep 2004098743.245.28$5,215
Aug 200401,16442.375.55$6,461
Jul 200401,20338.286.08$7,319
Jun 2004085236.106.43$5,481
May 20040337.486.49$19
Apr 2004045134.475.86$2,642
Mar 200401,05734.365.53$5,845
Feb 2004083532.455.51$4,601
Jan 200401,06932.036.30$6,734
Dec 200301,16830.266.30$7,360
Nov 2003042628.804.60$1,958
Oct 2003063528.174.76$3,022
Sep 2003059726.314.75$2,835
Aug 2003079729.765.13$4,088
Jul 200307329.415.17$377
Jun 2003051128.565.98$3,057
May 2003096126.595.97$5,740
Apr 2003098426.675.41$5,321
Mar 2003099231.146.10$6,047
Feb 2003094833.487.93$7,514
Jan 2003087430.315.58$4,879
Dec 2002083226.914.85$4,038
Nov 200201,12224.664.14$4,642
Oct 200201,26626.464.23$5,354
Sep 200201,26327.443.64$4,591
Aug 200201,23125.963.16$3,895
Jul 200201,27724.583.06$3,910
Jun 200201,08023.733.34$3,605
May 200201,09524.663.58$3,924
Apr 200201,11423.653.51$3,913
Mar 200201,13422.003.10$3,518
Feb 2002095518.222.38$2,269
Jan 200201,08817.172.38$2,585
Dec 200101,46116.932.36$3,454
Nov 200101,40018.072.41$3,368
Oct 200101,56219.782.53$3,950
Sep 200101,42524.262.25$3,208
Aug 200101,51324.873.05$4,619
Jul 200101,58823.933.20$5,077
Jun 200101,58524.563.82$6,061
May 200101,31925.524.31$5,681
Apr 200101,45124.685.34$7,742
Mar 200101,10724.545.38$5,952
Feb 2001021827.755.77$1,257
Jan 200102,07027.478.40$17,385
Dec 200001,68826.889.12$15,399
Nov 200002,19032.215.66$12,391
Oct 200002,33531.235.15$12,015
Sep 200001,06631.875.19$5,529
Aug 200001,83729.644.54$8,341
Jul 200001,64828.534.09$6,740
Jun 20001072,03929.304.40$12,101
May 2000132,50527.263.68$9,572
Apr 200002,47524.513.12$7,712
Mar 200002,56228.422.86$7,327
Feb 200002,53927.622.73$6,923
Jan 200002,75425.272.48$6,831
Dec 199902,81624.282.42$6,825
Nov 199902,85323.192.43$6,944
Oct 199902,95320.982.80$8,279
Sep 199902,84121.752.62$7,440
Aug 199903,08019.262.88$8,857
Jul 199903,00617.892.37$7,131
Jun 199903,02815.942.36$7,152
May 199903,21115.792.32$7,453
Apr 199902,46915.102.21$5,452
Mar 199902,72912.471.84$5,017
Feb 199902,6229.981.82$4,766
Jan 199903,21010.381.90$6,099
Dec 199803,6709.201.77$6,508
Nov 199802,67810.892.19$5,853
Oct 199802,55712.421.97$5,035
Sep 199802,79212.592.08$5,815
Aug 199802,97011.301.91$5,665
Jul 199803,06511.742.24$6,857
Jun 199802,42111.242.24$5,416
May 199803,12112.622.21$6,886
Apr 19981612,84513.042.51$9,227
Mar 199803,12312.802.31$7,212
Feb 199802,93713.952.30$6,753
Jan 199803,34614.702.15$7,210
Dec 199703,40316.322.41$8,205
Nov 199703,27818.193.09$10,123
Oct 199703,61219.253.15$11,377
Sep 199703,98317.742.95$11,769
Aug 199704,10817.862.55$10,495
Jul 199704,36417.582.25$9,806
Jun 199704,32817.242.26$9,769
May 199704,70418.972.31$10,859
Apr 199704,62817.882.08$9,639
Mar 199704,62518.951.94$8,969
Feb 199704,49220.492.21$9,909
Jan 199705,10323.483.54$18,063
Dec 199605,44023.32$0
Nov 19961575,33721.97$3,449
Oct 199605,60123.31$0
Sep 199605,44722.22$0
Aug 199604,74320.26$0
Jul 199604,40919.55$0
Jun 199604,43318.73$0
May 199604,73919.43$0
Apr 199604,61721.51$0
Mar 199605,38719.38$0
Feb 199605,07316.98$0
Jan 199604,45417.07$0
Dec 199504,80017.19$0
Nov 1995037016.00$0
Oct 1995030715.43$0
Sep 1995028016.18$0
Aug 1995027315.92$0
Jul 1995036515.24$0
Jun 1995042416.41$0
May 1995033317.56$0
Apr 1995025717.73$0
Mar 1995032916.44$0
Feb 1995024616.58$0
Jan 1995028315.92$0
Dec 1994029715.03$0
Nov 1994021215.90$0
Oct 1994043215.58$0
Sep 1994041115.29$0
Aug 1994035716.13$0
Jul 1994043617.56$0
Jun 1994032617.09$0
May 1994020915.88$0
Apr 19943156114.14$438
Mar 1994085112.46$0
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 1993073515.85$0
Sep 199308215.03$0
Aug 1993091615.66$0
Jul 199301,07215.46$0
Jun 1993082116.79$0
May 1993041617.68$0
Apr 1993066518.05$0
Mar 19930018.14$0
Feb 19930017.90$0
Jan 19930016.93$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 2012 — as filed, then multipliedworked
Condensate            58 bbl  × $ 98.09 =     $5,689
Gas                    0 Mcf  × $  2.73 =         $0

────────────────────────────────────────────────────
Month total                                   $5,689

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/28271 is the state's own key, not one this site invented.