MCCONNELL

Operated by LEGACY RESERVES OPERATING LP (P-5 495445) in the PANHANDLE CARSON COUNTY FIELD field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2982District 10Field 68845001NGPA filingOilCasinghead gasSaveExport
Value, all time
$387 k
Jan 1993 – Jan 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
229
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 580 leases and 3,796 wells, and the rule below applies to all of them.

Discovered
1921-12-31
as the register files it
Field class
Oil and gas
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 40 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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA6none

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
OilDisposition6,268 bbl$139,045
Casinghead gasProduction132,524 Mcf$248,355
Total$387,399

58,276 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 (4)

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 35.4260, -101.2090. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

35.42590, -101.20890 · 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%
4 of 4 wells
With a plug date
100.0%
4 of 4 wells
Median depth
3,384 ft
4 wells filed one
Completion to plug
10 months
median over 4 wells

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 3,316 and 4,000 ft, median 3,384 ft, over the 4 wells that filed a depth.

Completions filed
Jan 1965 – Jan 2011
4 of 4 wells
Plug dates filed
Mar 1985 – May 2011
4 of 4 wells

Last completion to plug: a median of 10 months across the 4 wells that filed both dates, with the middle half between 4 months and 6.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-0650122223,399 ftJan 2011May 2011Yes
42-0653094954,000 ftJan 2011May 2011Yes
42-0650121913,369 ftJan 2010May 2011Yes
42-0650017433,316 ftJan 1965Mar 1985Yes

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 (229)

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

229 months

Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 2006128066.286.38$8,484
May 200609566.016.42$610
Apr 200606864.397.36$501
Mar 200601656.707.08$113
Feb 200602857.597.75$217
Jan 200608660.598.93$768
Dec 200508354.9413.42$1,113
Nov 200503954.6910.59$413
Oct 200503758.3413.80$510
Sep 2005010661.4512.08$1,280
Aug 2005011461.519.80$1,117
Jul 2005010355.697.84$808
Jun 2005013952.337.38$1,026
May 200517613245.226.65$8,837
Apr 200509649.207.36$707
Mar 200508550.377.15$608
Feb 2005010545.226.31$663
Jan 2005010143.166.32$639
Dec 2004011239.866.75$756
Nov 200408645.286.33$544
Oct 2004013249.706.52$860
Sep 2004013643.245.28$719
Aug 2004014142.375.55$783
Jul 2004014938.286.08$907
Jun 2004014836.106.43$952
May 2004016737.486.49$1,085
Apr 2004013434.475.86$785
Mar 2004016034.365.53$885
Feb 200417912932.455.51$6,519
Jan 2004015032.036.30$945
Dec 2003014430.266.30$907
Nov 2003014028.804.60$643
Oct 2003016728.174.76$795
Sep 2003015526.314.75$736
Aug 2003017229.765.13$882
Jul 2003028229.415.17$1,458
Jun 2003043228.565.98$2,585
May 2003058526.595.97$3,494
Apr 2003062426.675.41$3,374
Mar 2003055931.146.10$3,408
Feb 200318859133.487.93$10,978
Jan 200318361230.315.58$8,963
Dec 2002061026.914.85$2,961
Nov 2002049324.664.14$2,040
Oct 2002053426.464.23$2,258
Sep 2002062127.443.64$2,257
Aug 2002086125.963.16$2,724
Jul 200218686124.583.06$7,208
Jun 2002081623.733.34$2,724
May 2002080224.663.58$2,874
Apr 2002072823.653.51$2,557
Mar 2002073622.003.10$2,284
Feb 200218365818.222.38$4,897
Jan 200218475317.172.38$4,948
Dec 2001076916.932.36$1,818
Nov 2001081618.072.41$1,963
Oct 2001088219.782.53$2,230
Sep 2001071024.262.25$1,598
Aug 2001074324.873.05$2,269
Jul 200118675523.933.20$6,865
Jun 2001069524.563.82$2,658
May 200117482325.524.31$7,985
Apr 2001076124.685.34$4,060
Mar 2001073024.545.38$3,925
Feb 2001060827.755.77$3,506
Jan 200118762427.478.40$10,378
Dec 200018571326.889.12$11,477
Nov 2000073932.215.66$4,181
Oct 2000071631.235.15$3,684
Sep 2000069631.875.19$3,610
Aug 2000078729.644.54$3,574
Jul 20001791,03628.534.09$9,344
Jun 2000087829.304.40$3,861
May 200001,18927.263.68$4,375
Apr 2000096524.513.12$3,007
Mar 20001791,10628.422.86$8,250
Feb 2000063727.622.73$1,737
Jan 2000089525.272.48$2,220
Dec 199917390624.282.42$6,396
Nov 1999094723.192.43$2,305
Oct 199901,00120.982.80$2,807
Sep 19991761,01621.752.62$6,489
Aug 199901,10719.262.88$3,183
Jul 199901,10617.892.37$2,624
Jun 19991781,19315.942.36$5,655
May 199901,31215.792.32$3,045
Apr 1999062215.102.21$1,373
Mar 199918292212.471.84$3,964
Feb 199901,0299.981.82$1,871
Jan 1999090810.381.90$1,725
Dec 199801,0029.201.77$1,777
Nov 199801,18010.892.19$2,579
Oct 1998181112.421.97$2,250
Sep 199801,26612.592.08$2,637
Aug 199801,35811.301.91$2,590
Jul 199801,22811.742.24$2,747
Jun 199801,12511.242.24$2,517
May 199801,19612.622.21$2,639
Apr 19981791,08313.042.51$5,047
Mar 199801,24812.802.31$2,882
Feb 199801,09413.952.30$2,515
Jan 199801,17414.702.15$2,530
Dec 199701,25516.322.41$3,026
Nov 199701,28218.193.09$3,959
Oct 19971771,16119.253.15$7,064
Sep 199701,17517.742.95$3,472
Aug 199701,05817.862.55$2,703
Jul 199701,70617.582.25$3,833
Jun 199717599417.242.26$5,261
May 1997067818.972.31$1,565
Apr 199701,39317.882.08$2,901
Mar 199701,27018.951.94$2,463
Feb 1997089320.492.21$1,970
Jan 19971791,07323.483.54$8,001
Dec 199601,22123.32$0
Nov 199601,22221.97$0
Oct 199601,22623.31$0
Sep 199601,15722.22$0
Aug 19961761,07920.26$3,566
Jul 199601,17019.55$0
Jun 199601,75418.73$0
May 199601,99019.43$0
Apr 199601,80221.51$0
Mar 19961801,62819.38$3,488
Feb 199601,21516.98$0
Jan 1996099117.07$0
Dec 1995088217.19$0
Nov 199516998716.00$2,704
Oct 199501,08415.43$0
Sep 1995096116.18$0
Aug 199501,07515.92$0
Jul 199501,30215.24$0
Jun 199501,28316.41$0
May 19951801,33517.56$3,161
Apr 199501,25917.73$0
Mar 199517891216.44$2,926
Feb 1995078116.58$0
Jan 19951811,07615.92$2,882
Dec 1994099515.03$0
Nov 1994098015.90$0
Oct 199401,19515.58$0
Sep 199417896415.29$2,722
Aug 199401,27516.13$0
Jul 199401,00017.56$0
Jun 199401,05217.09$0
May 19941731,33615.88$2,747
Apr 199401,27914.14$0
Mar 199401,28012.46$0
Feb 1994851,08512.50$1,063
Jan 199401,29812.66$0
Dec 1993057012.33$0
Nov 199301,25114.49$0
Oct 19931801,30815.85$2,853
Sep 199301,38715.03$0
Aug 19931741,33415.66$2,725
Jul 199301,39815.46$0
Jun 19931721,38316.79$2,888
May 199301,42817.68$0
Apr 1993741,29218.05$1,336
Mar 1993711,32018.14$1,288
Feb 199301,20217.90$0
Jan 199301,27216.93$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.

Jun 2006 — as filed, then multipliedworked
Oil                  128 bbl  × $ 66.28 =     $8,484
Casinghead gas         0 Mcf  × $  6.38 =         $0

────────────────────────────────────────────────────
Month total                                   $8,484

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/2982 is the state's own key, not one this site invented.