SMITH "7-R"

Name: SMITH "7-R" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PANTERA ENERGY COMPANY (P-5 638486) in the PANHANDLE HUTCHINSON COUNTY FLD. field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2130District 10Field 68887001NGPA filingOilCasinghead gasSave Export

Value, all time

$863 k

Jan 1993 – Jan 2013

Value, last 12 filed months

at the published price for each month

Months reported

241

no gaps in the span

Streams

oil, casinghead gas

The PANHANDLE HUTCHINSON COUNTY FLD. 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 918 leases and 8,177 wells, and the rule below applies to all of them.

Discovered

1921-12-31

as the register files it

Field class

Oil

the register's own label

Between wells

467 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1989-05-01.

The Commission's schedule remark for this field reads: “SPECIAL TESTING REQUIREMENTS FOR WELLS WITH GOR GREATER THAN 5000.”

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	18	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
Oil	Disposition	20,428 bbl	$485,450
Casinghead gas	Production	131,344 Mcf	$377,492
Total			$862,942

42,961 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 (12)

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 35.6506, -101.3404. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

35.65152, -101.34000 · 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%

12 of 12 wells

With a plug date

100.0%

12 of 12 wells

Median depth

3,118 ft

10 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

12100.0%

A plug date is filed

12100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

12100.0%

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

Total depth in feet, 10 of 12 wells. Median 3,118 ft, with the middle half between 3,066 and 3,164 ft; the shallowest is 2,972 ft and the deepest 3,228 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

Plug dates filed

Dec 1974 – Sep 2012

12 of 12 wells

12 wells


42-23308289	3	2,972 ft	—	Aug 2009	Yes
42-23308291	5	3,040 ft	—	Aug 2009	Yes
42-23308292	6	3,117 ft	—	Sep 2012	Yes
42-23308295	9	3,118 ft	—	Sep 2012	Yes
42-23308296	10D	3,170 ft	—	Oct 2007	Yes
42-23308297	11	3,146 ft	—	Jul 2010	Yes
42-23308298	12	3,228 ft	—	Nov 1995	Yes
42-23384732	1	3,098 ft	—	Jul 1993	Yes
42-23384736	8	3,200 ft	—	Jun 1983	Yes
42-23384741	13	3,055 ft	—	May 1985	Yes
42-23385676	2	—	—	Feb 1975	Yes
42-23385677	7W	—	—	Dec 1974	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 (241)

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

241 months


Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	27	0	98.09	2.73	$2,648
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	4	54.74	3.93	$16
Apr 2009	0	23	46.77	3.59	$83
Mar 2009	0	46	42.14	4.06	$187
Feb 2009	0	22	32.81	4.63	$102
Jan 2009	0	29	35.86	5.37	$156
Dec 2008	0	23	37.10	5.98	$137
Nov 2008	0	53	55.49	6.86	$364
Oct 2008	41	28	75.24	6.92	$3,279
Sep 2008	0	88	101.76	7.88	$693
Aug 2008	0	110	114.22	8.48	$933
Jul 2008	0	149	131.08	11.39	$1,697
Jun 2008	168	152	131.33	13.03	$24,044
May 2008	0	73	123.17	11.57	$845
Apr 2008	0	108	110.31	10.45	$1,129
Mar 2008	0	133	101.90	9.66	$1,285
Feb 2008	0	81	92.53	8.77	$710
Jan 2008	0	30	90.38	8.21	$246
Dec 2007	0	95	88.33	7.30	$694
Nov 2007	0	18	91.67	7.29	$131
Oct 2007	0	100	82.85	6.92	$692
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	169	266	69.06	6.39	$13,370
Jul 2007	0	270	70.90	6.39	$1,725
Jun 2007	0	236	62.00	7.55	$1,781
May 2007	0	160	58.74	7.85	$1,255
Apr 2007	0	4	59.61	7.81	$31
Mar 2007	0	109	56.92	7.30	$796
Feb 2007	0	138	55.10	8.22	$1,134
Jan 2007	0	38	50.30	6.73	$256
Dec 2006	0	114	56.65	6.92	$789
Nov 2006	179	144	54.20	7.62	$10,799
Oct 2006	0	143	54.90	6.01	$860
Sep 2006	0	143	60.08	5.04	$720
Aug 2006	0	224	68.71	7.34	$1,644
Jul 2006	0	215	69.37	6.34	$1,364
Jun 2006	0	183	66.28	6.38	$1,168
May 2006	168	503	66.01	6.42	$14,321
Apr 2006	0	385	64.39	7.36	$2,834
Mar 2006	0	394	56.70	7.08	$2,791
Feb 2006	175	317	57.59	7.75	$12,535
Jan 2006	0	397	60.59	8.93	$3,547
Dec 2005	169	385	54.94	13.42	$14,450
Nov 2005	0	406	54.69	10.59	$4,299
Oct 2005	0	595	58.34	13.80	$8,208
Sep 2005	169	218	61.45	12.08	$13,018
Aug 2005	0	669	61.51	9.80	$6,554
Jul 2005	0	666	55.69	7.84	$5,224
Jun 2005	174	648	52.33	7.38	$13,888
May 2005	0	690	45.22	6.65	$4,589
Apr 2005	171	573	49.20	7.36	$12,631
Mar 2005	0	450	50.37	7.15	$3,220
Feb 2005	180	560	45.22	6.31	$11,674
Jan 2005	0	565	43.16	6.32	$3,572
Dec 2004	176	588	39.86	6.75	$10,985
Nov 2004	0	539	45.28	6.33	$3,412
Oct 2004	0	500	49.70	6.52	$3,258
Sep 2004	0	610	43.24	5.28	$3,223
Aug 2004	179	506	42.37	5.55	$10,393
Jul 2004	0	564	38.28	6.08	$3,431
Jun 2004	0	484	36.10	6.43	$3,114
May 2004	166	569	37.48	6.49	$9,917
Apr 2004	0	485	34.47	5.86	$2,841
Mar 2004	172	515	34.36	5.53	$8,758
Feb 2004	0	522	32.45	5.51	$2,876
Jan 2004	169	560	32.03	6.30	$8,941
Dec 2003	0	679	30.26	6.30	$4,279
Nov 2003	167	751	28.80	4.60	$8,261
Oct 2003	0	767	28.17	4.76	$3,651
Sep 2003	0	807	26.31	4.75	$3,833
Aug 2003	177	840	29.76	5.13	$9,576
Jul 2003	0	812	29.41	5.17	$4,199
Jun 2003	179	739	28.56	5.98	$9,534
May 2003	0	761	26.59	5.97	$4,545
Apr 2003	172	473	26.67	5.41	$7,145
Mar 2003	0	589	31.14	6.10	$3,591
Feb 2003	142	553	33.48	7.93	$9,137
Jan 2003	0	560	30.31	5.58	$3,126
Dec 2002	176	624	26.91	4.85	$7,765
Nov 2002	0	582	24.66	4.14	$2,408
Oct 2002	0	562	26.46	4.23	$2,377
Sep 2002	176	614	27.44	3.64	$7,061
Aug 2002	0	724	25.96	3.16	$2,291
Jul 2002	183	768	24.58	3.06	$6,850
Jun 2002	0	704	23.73	3.34	$2,350
May 2002	0	740	24.66	3.58	$2,652
Apr 2002	181	523	23.65	3.51	$6,118
Mar 2002	176	660	22.00	3.10	$5,920
Feb 2002	0	546	18.22	2.38	$1,297
Jan 2002	173	592	17.17	2.38	$4,377
Dec 2001	0	701	16.93	2.36	$1,657
Nov 2001	180	789	18.07	2.41	$5,151
Oct 2001	169	869	19.78	2.53	$5,540
Sep 2001	0	562	24.26	2.25	$1,265
Aug 2001	167	878	24.87	3.05	$6,834
Jul 2001	0	872	23.93	3.20	$2,788
Jun 2001	176	832	24.56	3.82	$7,504
May 2001	177	710	25.52	4.31	$7,575
Apr 2001	0	567	24.68	5.34	$3,025
Mar 2001	0	610	24.54	5.38	$3,280
Feb 2001	354	794	27.75	5.77	$14,403
Jan 2001	0	918	27.47	8.40	$7,710
Dec 2000	0	899	26.88	9.12	$8,201
Nov 2000	167	914	32.21	5.66	$10,550
Oct 2000	0	954	31.23	5.15	$4,909
Sep 2000	176	999	31.87	5.19	$10,790
Aug 2000	0	1,047	29.64	4.54	$4,754
Jul 2000	178	1,025	28.53	4.09	$9,270
Jun 2000	0	961	29.30	4.40	$4,226
May 2000	174	835	27.26	3.68	$7,816
Apr 2000	0	819	24.51	3.12	$2,552
Mar 2000	177	874	28.42	2.86	$7,530
Feb 2000	165	823	27.62	2.73	$6,801
Jan 2000	0	883	25.27	2.48	$2,190
Dec 1999	0	818	24.28	2.42	$1,983
Nov 1999	105	706	23.19	2.43	$4,153
Oct 1999	0	509	20.98	2.80	$1,427
Sep 1999	60	559	21.75	2.62	$2,769
Aug 1999	176	791	19.26	2.88	$5,664
Jul 1999	175	860	17.89	2.37	$5,171
Jun 1999	174	817	15.94	2.36	$4,703
May 1999	173	411	15.79	2.32	$3,686
Apr 1999	0	746	15.10	2.21	$1,647
Mar 1999	0	662	12.47	1.84	$1,217
Feb 1999	0	716	9.98	1.82	$1,302
Jan 1999	174	765	10.38	1.90	$3,260
Dec 1998	0	758	9.20	1.77	$1,344
Nov 1998	177	717	10.89	2.19	$3,495
Oct 1998	0	933	12.42	1.97	$1,837
Sep 1998	176	1,001	12.59	2.08	$4,301
Aug 1998	178	1,269	11.30	1.91	$4,432
Jul 1998	74	1,075	11.74	2.24	$3,274
Jun 1998	0	1,146	11.24	2.24	$2,564
May 1998	0	703	12.62	2.21	$1,551
Apr 1998	0	1,444	13.04	2.51	$3,618
Mar 1998	0	1,088	12.80	2.31	$2,513
Feb 1998	159	1,017	13.95	2.30	$4,556
Jan 1998	167	1,236	14.70	2.15	$5,118
Dec 1997	0	1,054	16.32	2.41	$2,541
Nov 1997	25	1,320	18.19	3.09	$4,531
Oct 1997	178	1,271	19.25	3.15	$7,430
Sep 1997	0	1,298	17.74	2.95	$3,835
Aug 1997	174	1,220	17.86	2.55	$6,224
Jul 1997	174	1,141	17.58	2.25	$5,623
Jun 1997	250	1,154	17.24	2.26	$6,915
May 1997	365	733	18.97	2.31	$8,616
Apr 1997	168	817	17.88	2.08	$4,705
Mar 1997	168	1,059	18.95	1.94	$5,237
Feb 1997	183	864	20.49	2.21	$5,656
Jan 1997	185	985	23.48	3.54	$7,830
Dec 1996	185	737	23.32	—	$4,314
Nov 1996	0	502	21.97	—	$0
Oct 1996	179	955	23.31	—	$4,172
Sep 1996	181	1,025	22.22	—	$4,022
Aug 1996	361	1,091	20.26	—	$7,314
Jul 1996	173	1,086	19.55	—	$3,382
Jun 1996	182	1,008	18.73	—	$3,409
May 1996	174	1,151	19.43	—	$3,381
Apr 1996	175	939	21.51	—	$3,764
Mar 1996	172	985	19.38	—	$3,333
Feb 1996	176	847	16.98	—	$2,988
Jan 1996	354	972	17.07	—	$6,043
Dec 1995	181	1,013	17.19	—	$3,111
Nov 1995	177	940	16.00	—	$2,832
Oct 1995	177	1,096	15.43	—	$2,731
Sep 1995	174	1,091	16.18	—	$2,815
Aug 1995	176	1,120	15.92	—	$2,802
Jul 1995	358	1,184	15.24	—	$5,456
Jun 1995	174	1,129	16.41	—	$2,855
May 1995	354	975	17.56	—	$6,216
Apr 1995	351	1,231	17.73	—	$6,223
Mar 1995	182	868	16.44	—	$2,992
Feb 1995	176	799	16.58	—	$2,918
Jan 1995	365	868	15.92	—	$5,811
Dec 1994	174	1,062	15.03	—	$2,615
Nov 1994	356	1,116	15.90	—	$5,660
Oct 1994	183	1,231	15.58	—	$2,851
Sep 1994	181	1,235	15.29	—	$2,767
Aug 1994	363	1,304	16.13	—	$5,855
Jul 1994	180	1,092	17.56	—	$3,161
Jun 1994	367	765	17.09	—	$6,272
May 1994	184	297	15.88	—	$2,922
Apr 1994	187	866	14.14	—	$2,644
Mar 1994	181	881	12.46	—	$2,255
Feb 1994	184	817	12.50	—	$2,300
Jan 1994	365	913	12.66	—	$4,621
Dec 1993	182	1,015	12.33	—	$2,244
Nov 1993	267	983	14.49	—	$3,869
Oct 1993	289	1,110	15.85	—	$4,581
Sep 1993	336	1,027	15.03	—	$5,050
Aug 1993	325	1,046	15.66	—	$5,090
Jul 1993	0	802	15.46	—	$0
Jun 1993	0	274	16.79	—	$0
May 1993	0	176	17.68	—	$0
Apr 1993	0	410	18.05	—	$0
Mar 1993	0	409	18.14	—	$0
Feb 1993	315	365	17.90	—	$5,639
Jan 1993	0	153	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 2012 — as filed, then multipliedworked

Oil                   27 bbl  × $ 98.09 =     $2,648
Casinghead gas         0 Mcf  × $  2.73 =         $0

────────────────────────────────────────────────────
Month total                                   $2,648

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/O/2130 is the state's own key, not one this site invented.