LAIRD

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

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

Oil lease lease 2483District 10Field 82677333Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$1.1 M

Jan 1993 – Aug 2006

Value, last 12 filed months

at the published price for each month

Months reported

164

no gaps in the span

Streams

oil, casinghead gas

The SHAPLEY (MORROW) 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 75 leases and 82 wells, and the rule below applies to all of them.

Discovered

1958-11-18

as the register files it

Field class

Oil and 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 160 acres. The field rule took effect on 1962-07-11.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “MULTI 49B WITH 160 AC BASE UNIT UP TO 640 AC PLUS 10% TOL”

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	1	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	6,219 bbl	$119,810
Casinghead gas	Production	481,246 Mcf	$954,741
Total			$1,074,551

212,310 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 (2)

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 36.3738, -101.3952. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

36.37376, -101.39520 · 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%

2 of 2 wells

With a plug date

50.0%

1 of 2 wells

Median depth

7,100 ft

2 wells filed one

Completion to plug

40.8 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

150.0%

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

150.0%

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 7,100 and 7,100 ft, median 7,100 ft, over the 2 wells that filed a depth.

Completions filed

Sep 1961 – Jul 1983

2 of 2 wells

Plug dates filed

Jun 2002

1 of 2 wells; 1 filed none

Last completion to plug: a median of 40.8 years across the 1 well that filed both dates, with the middle half between 40.8 years and 40.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-19530889	3	7,100 ft	Jul 1983	—	Yes
42-19580821	1	7,100 ft	Sep 1961	Jun 2002	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 (164)

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

164 months


Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	163	0	42.37	5.55	$6,906
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	2,001	37.48	6.49	$12,996
Apr 2004	0	2,648	34.47	5.86	$15,513
Mar 2004	0	2,730	34.36	5.53	$15,097
Feb 2004	0	2,555	32.45	5.51	$14,077
Jan 2004	139	2,748	32.03	6.30	$21,764
Dec 2003	0	2,757	30.26	6.30	$17,374
Nov 2003	0	2,686	28.80	4.60	$12,343
Oct 2003	0	2,809	28.17	4.76	$13,370
Sep 2003	0	2,748	26.31	4.75	$13,051
Aug 2003	0	2,862	29.76	5.13	$14,681
Jul 2003	0	2,845	29.41	5.17	$14,711
Jun 2003	179	2,646	28.56	5.98	$20,943
May 2003	0	2,824	26.59	5.97	$16,867
Apr 2003	0	2,781	26.67	5.41	$15,038
Mar 2003	0	2,703	31.14	6.10	$16,478
Feb 2003	0	2,515	33.48	7.93	$19,934
Jan 2003	0	2,804	30.31	5.58	$15,652
Dec 2002	0	2,803	26.91	4.85	$13,605
Nov 2002	160	2,752	24.66	4.14	$15,331
Oct 2002	0	2,870	26.46	4.23	$12,138
Sep 2002	0	2,808	27.44	3.64	$10,208
Aug 2002	0	2,927	25.96	3.16	$9,262
Jul 2002	0	2,947	24.58	3.06	$9,023
Jun 2002	0	2,849	23.73	3.34	$9,511
May 2002	0	2,931	24.66	3.58	$10,505
Apr 2002	171	2,805	23.65	3.51	$13,896
Mar 2002	0	2,879	22.00	3.10	$8,933
Feb 2002	0	2,609	18.22	2.38	$6,198
Jan 2002	0	2,865	17.17	2.38	$6,806
Dec 2001	0	2,944	16.93	2.36	$6,961
Nov 2001	0	2,864	18.07	2.41	$6,889
Oct 2001	0	2,980	19.78	2.53	$7,536
Sep 2001	182	2,920	24.26	2.25	$10,989
Aug 2001	0	3,032	24.87	3.05	$9,257
Jul 2001	0	2,968	23.93	3.20	$9,489
Jun 2001	0	2,786	24.56	3.82	$10,654
May 2001	0	2,238	25.52	4.31	$9,640
Apr 2001	184	2,907	24.68	5.34	$20,051
Mar 2001	0	3,103	24.54	5.38	$16,683
Feb 2001	0	2,270	27.75	5.77	$13,091
Jan 2001	0	2,824	27.47	8.40	$23,718
Dec 2000	0	2,798	26.88	9.12	$25,525
Nov 2000	0	2,951	32.21	5.66	$16,697
Oct 2000	0	3,095	31.23	5.15	$15,925
Sep 2000	0	3,044	31.87	5.19	$15,788
Aug 2000	0	3,182	29.64	4.54	$14,449
Jul 2000	169	3,185	28.53	4.09	$17,847
Jun 2000	0	3,080	29.30	4.40	$13,544
May 2000	0	3,072	27.26	3.68	$11,304
Apr 2000	0	3,110	24.51	3.12	$9,691
Mar 2000	0	3,205	28.42	2.86	$9,166
Feb 2000	140	3,060	27.62	2.73	$12,210
Jan 2000	0	3,271	25.27	2.48	$8,114
Dec 1999	0	3,271	24.28	2.42	$7,928
Nov 1999	0	3,239	23.19	2.43	$7,884
Oct 1999	0	3,395	20.98	2.80	$9,519
Sep 1999	166	2,814	21.75	2.62	$10,980
Aug 1999	0	3,262	19.26	2.88	$9,380
Jul 1999	0	3,273	17.89	2.37	$7,765
Jun 1999	0	3,209	15.94	2.36	$7,580
May 1999	0	3,312	15.79	2.32	$7,687
Apr 1999	0	3,006	15.10	2.21	$6,637
Mar 1999	0	3,402	12.47	1.84	$6,254
Feb 1999	166	2,857	9.98	1.82	$6,850
Jan 1999	0	2,865	10.38	1.90	$5,443
Dec 1998	0	2,741	9.20	1.77	$4,861
Nov 1998	0	2,996	10.89	2.19	$6,548
Oct 1998	0	3,410	12.42	1.97	$6,715
Sep 1998	0	3,456	12.59	2.08	$7,198
Aug 1998	0	3,549	11.30	1.91	$6,769
Jul 1998	118	3,737	11.74	2.24	$9,746
Jun 1998	0	3,635	11.24	2.24	$8,132
May 1998	0	3,575	12.62	2.21	$7,888
Apr 1998	0	2,835	13.04	2.51	$7,103
Mar 1998	193	3,679	12.80	2.31	$10,967
Feb 1998	0	2,453	13.95	2.30	$5,640
Jan 1998	0	2,792	14.70	2.15	$6,016
Dec 1997	0	3,001	16.32	2.41	$7,236
Nov 1997	0	3,489	18.19	3.09	$10,775
Oct 1997	191	3,643	19.25	3.15	$15,152
Sep 1997	0	3,552	17.74	2.95	$10,496
Aug 1997	0	3,758	17.86	2.55	$9,601
Jul 1997	0	3,215	17.58	2.25	$7,224
Jun 1997	0	3,501	17.24	2.26	$7,902
May 1997	0	3,637	18.97	2.31	$8,396
Apr 1997	183	3,349	17.88	2.08	$10,247
Mar 1997	0	3,576	18.95	1.94	$6,934
Feb 1997	0	3,169	20.49	2.21	$6,991
Jan 1997	0	3,687	23.48	3.54	$13,051
Dec 1996	182	3,712	23.32	—	$4,244
Nov 1996	0	3,661	21.97	—	$0
Oct 1996	0	3,836	23.31	—	$0
Sep 1996	0	3,779	22.22	—	$0
Aug 1996	0	3,961	20.26	—	$0
Jul 1996	186	3,978	19.55	—	$3,636
Jun 1996	0	3,861	18.73	—	$0
May 1996	0	4,000	19.43	—	$0
Apr 1996	0	3,868	21.51	—	$0
Mar 1996	168	4,004	19.38	—	$3,256
Feb 1996	0	3,431	16.98	—	$0
Jan 1996	0	4,019	17.07	—	$0
Dec 1995	0	3,906	17.19	—	$0
Nov 1995	179	3,940	16.00	—	$2,864
Oct 1995	0	3,810	15.43	—	$0
Sep 1995	0	3,992	16.18	—	$0
Aug 1995	0	4,196	15.92	—	$0
Jul 1995	234	4,320	15.24	—	$3,566
Jun 1995	56	3,192	16.41	—	$919
May 1995	34	4,803	17.56	—	$597
Apr 1995	72	4,198	17.73	—	$1,277
Mar 1995	0	3,912	16.44	—	$0
Feb 1995	215	3,908	16.58	—	$3,565
Jan 1995	0	4,511	15.92	—	$0
Dec 1994	177	4,841	15.03	—	$2,660
Nov 1994	0	4,794	15.90	—	$0
Oct 1994	36	4,962	15.58	—	$561
Sep 1994	0	4,975	15.29	—	$0
Aug 1994	212	5,128	16.13	—	$3,420
Jul 1994	71	5,188	17.56	—	$1,247
Jun 1994	71	5,033	17.09	—	$1,213
May 1994	211	5,017	15.88	—	$3,351
Apr 1994	251	4,921	14.14	—	$3,549
Mar 1994	72	5,201	12.46	—	$897
Feb 1994	0	4,660	12.50	—	$0
Jan 1994	51	4,233	12.66	—	$646
Dec 1993	51	4,602	12.33	—	$629
Nov 1993	104	4,717	14.49	—	$1,507
Oct 1993	52	5,028	15.85	—	$824
Sep 1993	51	4,730	15.03	—	$767
Aug 1993	281	4,902	15.66	—	$4,400
Jul 1993	100	4,983	15.46	—	$1,546
Jun 1993	52	4,867	16.79	—	$873
May 1993	98	5,116	17.68	—	$1,733
Apr 1993	208	5,336	18.05	—	$3,754
Mar 1993	57	4,909	18.14	—	$1,034
Feb 1993	0	4,400	17.90	—	$0
Jan 1993	183	4,969	16.93	—	$3,098

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.

Aug 2004 — as filed, then multipliedworked

Oil                  163 bbl  × $ 42.37 =     $6,906
Casinghead gas         0 Mcf  × $  5.55 =         $0

────────────────────────────────────────────────────
Month total                                   $6,906

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/2483 is the state's own key, not one this site invented.