JOHNSON -T-

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the PANHANDLE GRAY COUNTY FIELD field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2435District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$311 k
Jan 1993 – May 2006
Value, last 12 filed months
$0
at the published price for each month
Months reported
161
no gaps in the span
Streams
2
oil, casinghead 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 837 leases and 6,360 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: UNTIL THE FLUID MIGRATION FROM SUCH STRATA IS ELIMINATED.

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
NGPA5none

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
OilDisposition16,295 bbl$261,230
Casinghead gasProduction87,926 Mcf$49,993
Total$311,223

66,642 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 (3)

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 35.2264, -100.8475. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

35.22661, -100.84761 · 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%
3 of 3 wells
With a plug date
100.0%
3 of 3 wells
Median depth
2,803 ft
3 wells filed one
Completion to plug
27.8 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
3100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
3100.0%
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

Between 2,665 and 2,829 ft, median 2,803 ft, over the 3 wells that filed a depth.

Completions filed
Dec 1951 – May 1997
2 of 3 wells; 1 filed none
Plug dates filed
Jun 2002
3 of 3 wells

Last completion to plug: a median of 27.8 years across the 2 wells that filed both dates, with the middle half between 16.4 years and 39.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-1798425852,829 ftJun 2002Yes
42-1793122332,803 ftMay 1997Jun 2002Yes
42-1798425712,665 ftDec 1951Jun 2002Yes

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 (161)

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

161 months

May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
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 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 199916015.792.32$253
Apr 19992176515.102.21$3,420
Mar 199931844512.471.84$4,784
Feb 19992333979.981.82$3,047
Jan 199921052310.381.90$3,173
Dec 19983306419.201.77$4,173
Nov 199833568310.892.19$5,141
Oct 199839776712.421.97$6,441
Sep 199840469012.592.08$6,523
Aug 199844575411.301.91$6,467
Jul 199840773511.742.24$6,423
Jun 199838594711.242.24$6,446
May 199837874412.622.21$6,412
Apr 199836381113.042.51$6,765
Mar 199828176612.802.31$5,366
Feb 199832983313.952.30$6,505
Jan 19984841,04114.702.15$9,358
Dec 19974791,01516.322.41$10,265
Nov 199741994218.193.09$10,531
Oct 19975441,01319.253.15$13,663
Sep 19973061,15417.742.95$8,838
Aug 19972621,27717.862.55$7,942
Jul 19972701,49217.582.25$8,099
Jun 19972231,14717.242.26$6,434
May 199732941718.972.31$7,204
Apr 199734743417.882.08$7,108
Mar 199735451618.951.94$7,709
Feb 199737856620.492.21$8,994
Jan 199730046923.483.54$8,704
Dec 199633068923.32$7,696
Nov 19968766821.97$1,911
Oct 199616292923.31$3,776
Sep 199614294922.22$3,155
Aug 19961781,01720.26$3,606
Jul 19962041,09419.55$3,988
Jun 19961571,06018.73$2,941
May 19961721,04319.43$3,342
Apr 19961171,02721.51$2,517
Mar 19968276119.38$1,589
Feb 199614380016.98$2,428
Jan 199622794017.07$3,875
Dec 19951771,10217.19$3,043
Nov 199526675916.00$4,256
Oct 19952091,15715.43$3,225
Sep 19953141,15816.18$5,081
Aug 19951571,33015.92$2,499
Jul 19952321,33515.24$3,536
Jun 19952881,30816.41$4,726
May 19955611,38617.56$9,851
Apr 19952011,26617.73$3,564
Mar 19952861,42616.44$4,702
Feb 19951801,28216.58$2,984
Jan 1995671,31315.92$1,067
Dec 1994391,40815.03$586
Nov 1994311,45415.90$493
Oct 1994391,69415.58$608
Sep 1994791,55515.29$1,208
Aug 19942101,67316.13$3,387
Jul 1994911,69917.56$1,598
Jun 19941241,67217.09$2,119
May 19941431,45415.88$2,271
Apr 19941341,62614.14$1,895
Mar 199451,59512.46$62
Feb 1994581,37612.50$725
Jan 1994521,54812.66$658
Dec 1993511,65812.33$629
Nov 1993301,68014.49$435
Oct 1993452,01915.85$713
Sep 1993211,52315.03$316
Aug 1993371,84415.66$579
Jul 1993351,91215.46$541
Jun 19931052,03116.79$1,763
May 1993102,07817.68$177
Apr 19931471,83718.05$2,653
Mar 1993841,84818.14$1,524
Feb 1993121,77417.90$215
Jan 1993311,88516.93$525

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 1999 — as filed, then multipliedworked
Oil                   16 bbl  × $ 15.79 =       $253
Casinghead gas         0 Mcf  × $  2.32 =         $0

────────────────────────────────────────────────────
Month total                                     $253

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/2435 is the state's own key, not one this site invented.