MOUNTS, NELLIE -C-

Operated by BURK ROYALTY COMPANY (P-5 108800) in the PERRYTON, NORTH (GEORGE MORROW) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2724District 10Field 70745500OilCasinghead gasSaveExport
Value, all time
$139 k
Jan 1993 – Jun 1998
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
66
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 11 leases and 47 wells, and the rule below applies to all of them.

Discovered
1958-07-14
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 1960-01-25.

The Commission's schedule remark for this field reads: GAS PRORATED

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
OilDisposition7,835 bbl$136,907
Casinghead gasProduction1,981 Mcf$2,580
Total$139,487

931 Mcf of this lease's gas, across 34 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 36.4962, -100.8599. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

36.49621, -100.85994 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
7,636 ft
2 wells filed one
Completion to plug
29.8 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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 7,621 and 7,650 ft, median 7,636 ft, over the 2 wells that filed a depth.

Completions filed
Aug 1968
2 of 2 wells
Plug dates filed
May 1998
2 of 2 wells

Last completion to plug: a median of 29.8 years across the 2 wells that filed both dates, with the middle half between 29.8 years and 29.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3570238927,650 ftAug 1968May 1998Yes
42-3570239017,621 ftAug 1968May 1998Yes

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 (66)

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

66 months

Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 1998747013.042.51$1,140
Mar 199807012.802.31$162
Feb 199807013.952.30$161
Jan 199807014.702.15$151
Dec 199707016.322.41$169
Nov 19971947018.193.09$3,745
Oct 19970019.253.15$0
Sep 199707017.742.95$207
Aug 199707017.862.55$179
Jul 199707017.582.25$157
Jun 19972587017.242.26$4,606
May 199707018.972.31$162
Apr 19972687017.882.08$4,938
Mar 199707018.951.94$136
Feb 199707020.492.21$154
Jan 19972437023.483.54$5,953
Dec 199607023.32$0
Nov 19962107021.97$4,614
Oct 199607023.31$0
Sep 19961807022.22$4,000
Aug 19962097020.26$4,234
Jul 19962037019.55$3,969
Jun 199607018.73$0
May 19962007019.43$3,886
Apr 19961927021.51$4,130
Mar 19964697019.38$9,089
Feb 199607016.98$0
Jan 199607017.07$0
Dec 19954667017.19$8,011
Nov 19950016.00$0
Oct 19950015.43$0
Sep 1995472016.18$7,637
Aug 19950015.92$0
Jul 19950015.24$0
Jun 1995460016.41$7,549
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 1995474016.58$7,859
Jan 19950015.92$0
Dec 19940015.03$0
Nov 1994464015.90$7,378
Oct 19940015.58$0
Sep 19940115.29$0
Aug 1994459116.13$7,404
Jul 19940117.56$0
Jun 1994461117.09$7,878
May 19940115.88$0
Apr 19940114.14$0
Mar 1994457112.46$5,694
Feb 19940112.50$0
Jan 19940112.66$0
Dec 19930112.33$0
Nov 19930114.49$0
Oct 19930115.85$0
Sep 1993464115.03$6,974
Aug 19930115.66$0
Jul 19930115.46$0
Jun 19930116.79$0
May 1993467117.68$8,257
Apr 19930118.05$0
Mar 1993491118.14$8,907
Feb 19930117.90$0
Jan 19930116.93$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 1998 — as filed, then multipliedworked
Oil                   74 bbl  × $ 13.04 =       $965
Casinghead gas        70 Mcf  × $  2.51 =       $175

────────────────────────────────────────────────────
Month total                                   $1,140

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/2724 is the state's own key, not one this site invented.