ISAACS -214-

Operated by CHEVRON U. S. A. INC. (P-5 148113) in the CANADIAN, SW. (MORROW, UP.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 78554District 10Field 15218500NGPA filingCondensateGasSaveExport
Value, all time
$2.8 M
Jan 1993 – Dec 2009
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
204
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 24 leases and 24 wells, and the rule below applies to all of them.

Discovered
1975-05-01
as the register files it
Field class
Gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

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

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED EFF. 5/1/93

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
CondensateDisposition1,165 bbl$22,081
GasProduction1,920,603 Mcf$2,805,616
Total$2,827,697

1,010,640 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 35.8478, -100.4320. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.84777, -100.43199 · 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
11,650 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 11,650 ft.

Completions filed
Feb 2009
1 of 1 wells

1 well

42-21130991221411,650 ftFeb 2009Yes

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 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 200959054.743.93$3,230
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
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 200604654.906.01$277
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 200603066.286.38$192
May 2006023566.016.42$1,510
Apr 2006015164.397.36$1,111
Mar 2006020556.707.08$1,452
Feb 2006067357.597.75$5,217
Jan 200606660.598.93$590
Dec 2005012554.9413.42$1,677
Nov 2005015054.6910.59$1,588
Oct 2005017958.3413.80$2,469
Sep 2005014261.4512.08$1,715
Aug 2005015461.519.80$1,509
Jul 2005014255.697.84$1,114
Jun 2005025052.337.38$1,845
May 2005018645.226.65$1,237
Apr 2005027049.207.36$1,987
Mar 2005027150.377.15$1,939
Feb 2005011045.226.31$694
Jan 2005014143.166.32$891
Dec 2004017139.866.75$1,154
Nov 2004020145.286.33$1,272
Oct 2004026449.706.52$1,720
Sep 2004021643.245.28$1,141
Aug 2004024942.375.55$1,382
Jul 2004022738.286.08$1,381
Jun 2004024836.106.43$1,595
May 2004025037.486.49$1,624
Apr 200401234.475.86$70
Mar 2004018234.365.53$1,006
Feb 2004044432.455.51$2,446
Jan 2004049732.036.30$3,131
Dec 2003025930.266.30$1,632
Nov 2003016428.804.60$754
Oct 2003055628.174.76$2,646
Sep 2003052226.314.75$2,479
Aug 2003061629.765.13$3,160
Jul 2003054429.415.17$2,813
Jun 2003062928.565.98$3,763
May 2003094426.595.97$5,638
Apr 200301,67726.675.41$9,068
Mar 200302,47331.146.10$15,076
Feb 200301,44633.487.93$11,461
Jan 200302,34330.315.58$13,079
Dec 2002088526.914.85$4,296
Nov 200201,00824.664.14$4,170
Oct 200201,35226.464.23$5,718
Sep 200201,91127.443.64$6,947
Aug 200203,33425.963.16$10,549
Jul 200204,24424.583.06$12,994
Jun 200204,10423.733.34$13,700
May 200204,59624.663.58$16,472
Apr 200208,62623.653.51$30,297
Mar 2002010,39622.003.10$32,256
Feb 200209,37518.222.38$22,272
Jan 2002010,90317.172.38$25,902
Dec 2001011,12316.932.36$26,299
Nov 2001011,13418.072.41$26,783
Oct 2001011,45819.782.53$28,976
Sep 2001011,29224.262.25$25,422
Aug 2001011,75424.873.05$35,887
Jul 2001011,17723.933.20$35,734
Jun 200118911,54624.563.82$48,796
May 2001012,29725.524.31$52,967
Apr 200109,53724.685.34$50,883
Mar 2001012,16424.545.38$65,399
Feb 2001011,11527.755.77$64,101
Jan 2001012,51627.478.40$105,119
Dec 2000012,44226.889.12$113,502
Nov 2000012,38332.215.66$70,063
Oct 2000012,87231.235.15$66,233
Sep 2000011,99931.875.19$62,233
Aug 2000010,88729.644.54$49,435
Jul 2000012,47228.534.09$51,007
Jun 2000012,51029.304.40$55,010
May 2000012,64627.263.68$46,534
Apr 2000012,85224.513.12$40,047
Mar 2000013,51628.422.86$38,652
Feb 2000012,75527.622.73$34,777
Jan 2000013,69625.272.48$33,973
Dec 1999013,68224.282.42$33,161
Nov 1999013,33223.192.43$32,450
Oct 1999013,78620.982.80$38,652
Sep 1999013,27921.752.62$34,776
Aug 1999013,81319.262.88$39,721
Jul 1999013,78917.892.37$32,713
Jun 1999013,29215.942.36$31,397
May 1999013,95815.792.32$32,397
Apr 1999013,69815.102.21$30,246
Mar 1999014,11812.471.84$25,954
Feb 1999012,7439.981.82$23,164
Jan 1999014,20710.381.90$26,993
Dec 199816114,3429.201.77$26,914
Nov 1998014,44510.892.19$31,573
Oct 1998015,02012.421.97$29,578
Sep 1998014,44412.592.08$30,081
Aug 1998015,35011.301.91$29,278
Jul 1998015,47111.742.24$34,613
Jun 1998014,86011.242.24$33,246
May 1998015,27712.622.21$33,706
Apr 1998015,12313.042.51$37,888
Mar 1998015,75012.802.31$36,374
Feb 1998014,40313.952.30$33,114
Jan 1998015,59614.702.15$33,606
Dec 1997016,06316.322.41$38,730
Nov 1997015,68118.193.09$48,427
Oct 1997016,52119.253.15$52,038
Sep 1997016,17017.742.95$47,780
Aug 1997016,52217.862.55$42,209
Jul 1997017,03717.582.25$38,281
Jun 1997016,40517.242.26$37,029
May 199720216,77218.972.31$42,550
Apr 1997016,32917.882.08$34,010
Mar 1997017,95918.951.94$34,825
Feb 1997015,96420.492.21$35,215
Jan 1997017,22523.483.54$60,971
Dec 1996018,76723.32$0
Nov 1996017,24621.97$0
Oct 1996018,10923.31$0
Sep 1996017,64322.22$0
Aug 199604,91020.26$0
Jul 199606,88619.55$0
Jun 199607,96818.73$0
May 199606,19519.43$0
Apr 199607,58821.51$0
Mar 199606,46219.38$0
Feb 199607,67216.98$0
Jan 199607,92417.07$0
Dec 199508,82317.19$0
Nov 199509,73816.00$0
Oct 1995011,40415.43$0
Sep 1995013,84216.18$0
Aug 1995016,28715.92$0
Jul 1995019,13015.24$0
Jun 1995020,07316.41$0
May 1995022,07317.56$0
Apr 199516821,50017.73$2,979
Mar 1995022,23016.44$0
Feb 1995017,83716.58$0
Jan 1995021,94715.92$0
Dec 1994021,65715.03$0
Nov 1994022,00615.90$0
Oct 1994022,43715.58$0
Sep 1994022,80115.29$0
Aug 199419824,19716.13$3,194
Jul 1994025,51617.56$0
Jun 1994023,01017.09$0
May 1994024,33915.88$0
Apr 1994023,64314.14$0
Mar 1994027,92212.46$0
Feb 1994026,46612.50$0
Jan 1994029,43912.66$0
Dec 1993030,28312.33$0
Nov 199318828,47014.49$2,724
Oct 1993030,83915.85$0
Sep 1993031,53815.03$0
Aug 1993032,80915.66$0
Jul 1993033,47015.46$0
Jun 1993030,79516.79$0
May 1993033,28217.68$0
Apr 1993032,71418.05$0
Mar 1993033,31418.14$0
Feb 1993032,23017.90$0
Jan 1993035,20916.93$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.

May 2009 — as filed, then multipliedworked
Condensate            59 bbl  × $ 54.74 =     $3,230
Gas                    0 Mcf  × $  3.93 =         $0

────────────────────────────────────────────────────
Month total                                   $3,230

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/78554 is the state's own key, not one this site invented.