LOVELLA

Operated by UNIT PETROLEUM COMPANY (P-5 877099) in the UNIT (U. MORROW) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 92600District 10Field 92555500NGPA filingCondensateGasSaveExport
Value, all time
$251 k
Jan 1993 – Jul 2005
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
151
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 4 leases and 4 wells, and the rule below applies to all of them.

Discovered
1980-07-03
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: ALLOCATION FORMULA EFF. 6-1-81 PER AMENDMENT TO SWR 28 & 29

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
CondensateDisposition37 bbl$1,820
GasProduction181,739 Mcf$248,734
Total$250,555

102,381 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 36.2439, -100.3819. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.24390, -100.38191 · 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
100.0%
1 of 1 wells
Median depth
9,480 ft
1 wells filed one
Completion to plug
24.1 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 9,480 ft.

Completions filed
Jan 1981
1 of 1 wells
Plug dates filed
Feb 2005
1 of 1 wells

Last completion to plug: a median of 24.1 years across the 1 well that filed both dates, with the middle half between 24.1 years and 24.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2953090519,480 ftJan 1981Feb 2005Yes

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 (151)

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

151 months

Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 200537049.207.36$1,820
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 2002011323.733.34$377
May 200201,17624.663.58$4,215
Apr 200201,36223.653.51$4,784
Mar 2002099822.003.10$3,097
Feb 2002096318.222.38$2,288
Jan 200201,47317.172.38$3,499
Dec 200101,45916.932.36$3,450
Nov 200101,39218.072.41$3,348
Oct 200101,43219.782.53$3,621
Sep 200101,37924.262.25$3,105
Aug 200101,41624.873.05$4,323
Jul 200101,43423.933.20$4,585
Jun 200101,48224.563.82$5,667
May 2001078125.524.31$3,364
Apr 2001051024.685.34$2,721
Mar 200101,49124.545.38$8,016
Feb 200101,36027.755.77$7,843
Jan 200101,54727.478.40$12,993
Dec 200001,54226.889.12$14,067
Nov 200001,52332.215.66$8,617
Oct 200001,38331.235.15$7,116
Sep 2000076231.875.19$3,952
Aug 2000099829.644.54$4,532
Jul 200001,03228.534.09$4,221
Jun 2000094029.304.40$4,133
May 200001,23627.263.68$4,548
Apr 2000095624.513.12$2,979
Mar 200001,26528.422.86$3,618
Feb 2000092827.622.73$2,530
Jan 200001,35125.272.48$3,351
Dec 199901,16124.282.42$2,814
Nov 199901,25623.192.43$3,057
Oct 199901,27220.982.80$3,566
Sep 199901,24321.752.62$3,255
Aug 1999054119.262.88$1,556
Jul 199901,30517.892.37$3,096
Jun 199901,37815.942.36$3,255
May 199901,42415.792.32$3,305
Apr 199901,32315.102.21$2,921
Mar 199901,24312.471.84$2,285
Feb 199908569.981.82$1,556
Jan 1999026710.381.90$507
Dec 199801,2679.201.77$2,247
Nov 1998051310.892.19$1,121
Oct 199801,45812.421.97$2,871
Sep 199801,38212.592.08$2,878
Aug 199801,36511.301.91$2,604
Jul 199801,14411.742.24$2,559
Jun 1998081311.242.24$1,819
May 199801,10812.622.21$2,445
Apr 199801,07413.042.51$2,691
Mar 199801,11812.802.31$2,582
Feb 199801,00413.952.30$2,308
Jan 1998062414.702.15$1,345
Dec 199701,04516.322.41$2,520
Nov 199701,35518.193.09$4,185
Oct 199701,75819.253.15$5,537
Sep 199701,46817.742.95$4,338
Aug 199701,63017.862.55$4,164
Jul 199701,63117.582.25$3,665
Jun 199701,60417.242.26$3,621
May 199701,64118.972.31$3,788
Apr 199701,43617.882.08$2,991
Mar 199701,58318.951.94$3,070
Feb 1997088920.492.21$1,961
Jan 199701,49523.483.54$5,292
Dec 199601,48623.32$0
Nov 1996040521.97$0
Oct 1996010123.31$0
Sep 199601,18922.22$0
Aug 199601,51820.26$0
Jul 1996077819.55$0
Jun 199602,00818.73$0
May 199601,29319.43$0
Apr 199601,87521.51$0
Mar 199604,33619.38$0
Feb 199602,44216.98$0
Jan 199602,83717.07$0
Dec 199505,36017.19$0
Nov 199503,00816.00$0
Oct 199503,44415.43$0
Sep 199501,31516.18$0
Aug 199501,53415.92$0
Jul 199501,38615.24$0
Jun 199502,20116.41$0
May 1995038517.56$0
Apr 199505617.73$0
Mar 1995060516.44$0
Feb 199501,33516.58$0
Jan 199501,34015.92$0
Dec 199401,32815.03$0
Nov 1994085415.90$0
Oct 1994026515.58$0
Sep 1994091515.29$0
Aug 1994068616.13$0
Jul 1994060517.56$0
Jun 1994030817.09$0
May 199401,28315.88$0
Apr 199401,22314.14$0
Mar 199403,53112.46$0
Feb 199403,08912.50$0
Jan 199403,43912.66$0
Dec 199303,05712.33$0
Nov 199303,34014.49$0
Oct 199301,22415.85$0
Sep 199302,72715.03$0
Aug 199303,23715.66$0
Jul 199301,47815.46$0
Jun 199302,98716.79$0
May 199305,65017.68$0
Apr 199303,89418.05$0
Mar 199305,50618.14$0
Feb 199304,13717.90$0
Jan 199305,38116.93$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.

Apr 2005 — as filed, then multipliedworked
Condensate            37 bbl  × $ 49.20 =     $1,820
Gas                    0 Mcf  × $  7.36 =         $0

────────────────────────────────────────────────────
Month total                                   $1,820

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/92600 is the state's own key, not one this site invented.