PHELPS

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

Operated by QUESTA ENERGY CORPORATION (P-5 684634) in the HANSFORD (MORROW, UPPER-OIL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3930District 10Field 38797744NGPA filingOilCasinghead gasSave Export

Value, all time

$2.0 M

Jan 1993 – May 2016

Value, last 12 filed months

$881

at the published price for each month

Months reported

281

no gaps in the span

Streams

oil, casinghead gas

The HANSFORD (MORROW, UPPER-OIL) 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 10 leases and 23 wells, and the rule below applies to all of them.

Discovered

1960-04-06

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

550 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1961-10-25.

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	17,627 bbl	$501,101
Casinghead gas	Production	448,822 Mcf	$1,457,434
Total			$1,958,535

137,779 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 36.1727, -101.1356. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

36.17272, -101.13560 · 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

7,968 ft

2 wells filed one

Completion to plug

38.0 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 7,635 and 8,300 ft, median 7,968 ft, over the 2 wells that filed a depth.

Completions filed

Aug 1974 – Jan 1982

2 of 2 wells

Plug dates filed

Aug 2012

1 of 2 wells; 1 filed none

Last completion to plug: a median of 38.0 years across the 1 well that filed both dates, with the middle half between 38.0 years and 38.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-19530823	3	8,300 ft	Jan 1982	—	Yes
42-19530069	1	7,635 ft	Aug 1974	Aug 2012	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 (281)

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

281 months


May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	30	40.16	2.87	$86
Jul 2015	0	129	48.15	2.95	$380
Jun 2015	0	144	56.15	2.88	$415
May 2015	0	195	55.21	2.96	$576
Apr 2015	0	158	49.82	2.71	$428
Mar 2015	0	217	42.89	2.93	$637
Feb 2015	0	232	44.66	2.98	$690
Jan 2015	0	312	43.43	3.10	$967
Dec 2014	0	325	54.69	3.59	$1,167
Nov 2014	0	323	70.46	4.25	$1,373
Oct 2014	0	322	78.30	3.90	$1,256
Sep 2014	0	316	86.16	4.05	$1,278
Aug 2014	0	320	89.39	4.04	$1,291
Jul 2014	0	316	96.56	4.18	$1,321
Jun 2014	0	303	98.16	4.74	$1,435
May 2014	0	293	94.73	4.73	$1,385
Apr 2014	0	272	95.94	4.81	$1,308
Mar 2014	0	292	95.89	5.06	$1,477
Feb 2014	0	273	97.40	6.19	$1,690
Jan 2014	0	298	90.40	4.86	$1,448
Dec 2013	0	304	91.82	4.35	$1,324
Nov 2013	0	294	88.85	3.74	$1,099
Oct 2013	0	312	97.42	3.78	$1,179
Sep 2013	0	290	104.11	3.72	$1,078
Aug 2013	0	323	104.25	3.52	$1,138
Jul 2013	0	325	102.52	3.72	$1,208
Jun 2013	0	317	94.40	3.93	$1,247
May 2013	0	314	94.83	4.15	$1,303
Apr 2013	0	325	93.96	4.28	$1,392
Mar 2013	0	331	93.62	3.91	$1,295
Feb 2013	0	301	91.23	3.42	$1,029
Jan 2013	0	337	91.60	3.42	$1,153
Dec 2012	0	363	86.77	3.42	$1,242
Nov 2012	0	375	86.95	3.62	$1,359
Oct 2012	0	359	89.38	3.40	$1,220
Sep 2012	0	319	94.67	2.92	$931
Aug 2012	0	271	92.66	2.91	$788
Jul 2012	0	1,003	85.13	3.02	$3,030
Jun 2012	0	922	79.82	2.52	$2,323
May 2012	0	948	91.61	2.49	$2,359
Apr 2012	0	748	101.65	2.00	$1,494
Mar 2012	172	935	105.05	2.22	$20,146
Feb 2012	0	865	101.10	2.57	$2,223
Jan 2012	0	986	98.09	2.73	$2,696
Dec 2011	0	696	96.87	3.24	$2,255
Nov 2011	0	922	95.72	3.31	$3,053
Oct 2011	0	890	84.98	3.65	$3,247
Sep 2011	0	717	83.62	3.99	$2,858
Aug 2011	138	952	83.40	4.15	$15,459
Jul 2011	0	943	94.14	4.52	$4,260
Jun 2011	0	629	92.90	4.64	$2,918
May 2011	0	867	98.13	4.40	$3,819
Apr 2011	0	847	105.96	4.33	$3,670
Mar 2011	0	834	96.36	4.06	$3,384
Feb 2011	186	760	85.64	4.18	$19,106
Jan 2011	0	875	86.50	4.59	$4,015
Dec 2010	0	784	85.73	4.35	$3,409
Nov 2010	0	815	80.84	3.80	$3,093
Oct 2010	0	789	78.10	3.51	$2,769
Sep 2010	0	924	72.63	3.98	$3,677
Aug 2010	0	940	73.68	4.42	$4,154
Jul 2010	0	858	72.55	4.74	$4,064
Jun 2010	0	835	70.36	4.91	$4,100
May 2010	187	705	71.12	4.24	$16,285
Apr 2010	0	755	81.69	4.12	$3,113
Mar 2010	0	771	78.39	4.39	$3,384
Feb 2010	0	319	73.58	5.44	$1,736
Jan 2010	0	646	74.36	5.96	$3,853
Dec 2009	0	593	71.44	5.48	$3,252
Nov 2009	0	992	74.59	3.75	$3,721
Oct 2009	0	775	72.54	4.11	$3,185
Sep 2009	0	858	65.54	3.06	$2,630
Aug 2009	0	869	67.42	3.22	$2,797
Jul 2009	0	898	61.13	3.46	$3,111
Jun 2009	188	982	66.16	3.90	$16,263
May 2009	0	1,154	54.74	3.93	$4,530
Apr 2009	0	779	46.77	3.59	$2,795
Mar 2009	0	443	42.14	4.06	$1,798
Feb 2009	0	776	32.81	4.63	$3,595
Jan 2009	0	700	35.86	5.37	$3,760
Dec 2008	0	570	37.10	5.98	$3,407
Nov 2008	0	839	55.49	6.86	$5,756
Oct 2008	0	884	75.24	6.92	$6,119
Sep 2008	0	680	101.76	7.88	$5,356
Aug 2008	180	878	114.22	8.48	$28,008
Jul 2008	189	959	131.08	11.39	$35,697
Jun 2008	0	995	131.33	13.03	$12,967
May 2008	0	1,738	123.17	11.57	$20,116
Apr 2008	0	1,645	110.31	10.45	$17,198
Mar 2008	187	1,711	101.90	9.66	$35,591
Feb 2008	0	1,509	92.53	8.77	$13,235
Jan 2008	0	1,647	90.38	8.21	$13,515
Dec 2007	0	1,568	88.33	7.30	$11,449
Nov 2007	0	1,665	91.67	7.29	$12,141
Oct 2007	0	1,722	82.85	6.92	$11,920
Sep 2007	187	1,361	75.84	6.24	$22,680
Aug 2007	0	1,107	69.06	6.39	$7,071
Jul 2007	0	1,086	70.90	6.39	$6,937
Jun 2007	0	1,056	62.00	7.55	$7,971
May 2007	0	1,507	58.74	7.85	$11,824
Apr 2007	0	1,584	59.61	7.81	$12,363
Mar 2007	188	1,410	56.92	7.30	$20,997
Feb 2007	0	1,268	55.10	8.22	$10,418
Jan 2007	0	1,269	50.30	6.73	$8,536
Dec 2006	0	1,469	56.65	6.92	$10,163
Nov 2006	0	1,493	54.20	7.62	$11,373
Oct 2006	0	1,641	54.90	6.01	$9,869
Sep 2006	0	1,534	60.08	5.04	$7,727
Aug 2006	350	1,643	68.71	7.34	$36,108
Jul 2006	0	1,649	69.37	6.34	$10,459
Jun 2006	0	1,559	66.28	6.38	$9,952
May 2006	0	1,643	66.01	6.42	$10,556
Apr 2006	0	1,557	64.39	7.36	$11,460
Mar 2006	0	1,553	56.70	7.08	$11,000
Feb 2006	184	1,502	57.59	7.75	$22,239
Jan 2006	0	1,235	60.59	8.93	$11,033
Dec 2005	0	1,089	54.94	13.42	$14,609
Nov 2005	0	1,770	54.69	10.59	$18,741
Oct 2005	0	1,886	58.34	13.80	$26,019
Sep 2005	0	1,764	61.45	12.08	$21,307
Aug 2005	0	1,825	61.51	9.80	$17,879
Jul 2005	185	1,777	55.69	7.84	$24,241
Jun 2005	0	1,705	52.33	7.38	$12,585
May 2005	0	1,815	45.22	6.65	$12,072
Apr 2005	175	1,826	49.20	7.36	$22,050
Mar 2005	184	1,289	50.37	7.15	$18,491
Feb 2005	0	1,461	45.22	6.31	$9,222
Jan 2005	0	528	43.16	6.32	$3,338
Dec 2004	0	1,688	39.86	6.75	$11,396
Nov 2004	0	1,692	45.28	6.33	$10,711
Oct 2004	0	1,791	49.70	6.52	$11,669
Sep 2004	187	1,895	43.24	5.28	$18,099
Aug 2004	0	1,960	42.37	5.55	$10,879
Jul 2004	0	1,881	38.28	6.08	$11,444
Jun 2004	0	1,798	36.10	6.43	$11,567
May 2004	0	1,852	37.48	6.49	$12,028
Apr 2004	185	1,857	34.47	5.86	$17,256
Mar 2004	0	1,912	34.36	5.53	$10,574
Feb 2004	0	1,843	32.45	5.51	$10,154
Jan 2004	0	2,000	32.03	6.30	$12,599
Dec 2003	0	1,934	30.26	6.30	$12,187
Nov 2003	0	1,873	28.80	4.60	$8,607
Oct 2003	183	2,129	28.17	4.76	$15,288
Sep 2003	373	1,890	26.31	4.75	$18,790
Aug 2003	0	2,088	29.76	5.13	$10,711
Jul 2003	0	1,038	29.41	5.17	$5,367
Jun 2003	0	1,145	28.56	5.98	$6,850
May 2003	0	1,620	26.59	5.97	$9,676
Apr 2003	0	1,859	26.67	5.41	$10,052
Mar 2003	185	2,019	31.14	6.10	$18,069
Feb 2003	0	1,602	33.48	7.93	$12,697
Jan 2003	0	2,158	30.31	5.58	$12,046
Dec 2002	49	1,880	26.91	4.85	$10,444
Nov 2002	189	2,128	24.66	4.14	$13,464
Oct 2002	0	2,242	26.46	4.23	$9,482
Sep 2002	0	2,262	27.44	3.64	$8,223
Aug 2002	187	1,901	25.96	3.16	$10,870
Jul 2002	0	2,162	24.58	3.06	$6,620
Jun 2002	187	2,123	23.73	3.34	$11,525
May 2002	0	2,260	24.66	3.58	$8,100
Apr 2002	0	2,324	23.65	3.51	$8,163
Mar 2002	0	2,078	22.00	3.10	$6,447
Feb 2002	0	2,027	18.22	2.38	$4,816
Jan 2002	0	2,235	17.17	2.38	$5,310
Dec 2001	0	1,289	16.93	2.36	$3,048
Nov 2001	375	2,079	18.07	2.41	$11,777
Oct 2001	0	2,428	19.78	2.53	$6,140
Sep 2001	191	2,421	24.26	2.25	$10,084
Aug 2001	0	2,490	24.87	3.05	$7,602
Jul 2001	0	2,438	23.93	3.20	$7,794
Jun 2001	0	2,233	24.56	3.82	$8,539
May 2001	371	1,308	25.52	4.31	$15,102
Apr 2001	0	2,137	24.68	5.34	$11,402
Mar 2001	0	2,165	24.54	5.38	$11,640
Feb 2001	0	1,768	27.75	5.77	$10,196
Jan 2001	0	2,150	27.47	8.40	$18,057
Dec 2000	0	1,928	26.88	9.12	$17,588
Nov 2000	0	2,187	32.21	5.66	$12,374
Oct 2000	0	2,492	31.23	5.15	$12,823
Sep 2000	185	1,205	31.87	5.19	$12,146
Aug 2000	0	1,253	29.64	4.54	$5,690
Jul 2000	0	1,340	28.53	4.09	$5,480
Jun 2000	0	1,890	29.30	4.40	$8,311
May 2000	0	1,586	27.26	3.68	$5,836
Apr 2000	0	1,183	24.51	3.12	$3,686
Mar 2000	188	1,379	28.42	2.86	$9,287
Feb 2000	0	1,195	27.62	2.73	$3,258
Jan 2000	181	1,903	25.27	2.48	$9,294
Dec 1999	0	1,670	24.28	2.42	$4,048
Nov 1999	0	1,516	23.19	2.43	$3,690
Oct 1999	0	1,597	20.98	2.80	$4,478
Sep 1999	375	2,196	21.75	2.62	$13,907
Aug 1999	0	2,097	19.26	2.88	$6,030
Jul 1999	173	2,030	17.89	2.37	$7,911
Jun 1999	182	2,087	15.94	2.36	$7,831
May 1999	0	2,520	15.79	2.32	$5,849
Apr 1999	0	2,452	15.10	2.21	$5,414
Mar 1999	178	2,516	12.47	1.84	$6,845
Feb 1999	0	2,063	9.98	1.82	$3,750
Jan 1999	0	2,418	10.38	1.90	$4,594
Dec 1998	176	2,454	9.20	1.77	$5,971
Nov 1998	177	2,106	10.89	2.19	$6,531
Oct 1998	0	2,539	12.42	1.97	$5,000
Sep 1998	181	2,830	12.59	2.08	$8,173
Aug 1998	0	805	11.30	1.91	$1,535
Jul 1998	0	1,005	11.74	2.24	$2,248
Jun 1998	0	2,345	11.24	2.24	$5,246
May 1998	0	1,672	12.62	2.21	$3,689
Apr 1998	0	2,557	13.04	2.51	$6,406
Mar 1998	0	2,651	12.80	2.31	$6,122
Feb 1998	0	2,434	13.95	2.30	$5,596
Jan 1998	0	2,189	14.70	2.15	$4,717
Dec 1997	0	2,378	16.32	2.41	$5,734
Nov 1997	358	2,931	18.19	3.09	$15,564
Oct 1997	0	3,084	19.25	3.15	$9,714
Sep 1997	0	2,549	17.74	2.95	$7,532
Aug 1997	353	2,664	17.86	2.55	$13,110
Jul 1997	0	3,161	17.58	2.25	$7,103
Jun 1997	0	3,081	17.24	2.26	$6,954
May 1997	189	2,903	18.97	2.31	$10,287
Apr 1997	0	2,611	17.88	2.08	$5,438
Mar 1997	74	3,039	18.95	1.94	$7,295
Feb 1997	175	2,809	20.49	2.21	$9,782
Jan 1997	0	1,791	23.48	3.54	$6,340
Dec 1996	0	2,122	23.32	—	$0
Nov 1996	173	2,498	21.97	—	$3,801
Oct 1996	172	1,909	23.31	—	$4,009
Sep 1996	0	1,491	22.22	—	$0
Aug 1996	0	2,571	20.26	—	$0
Jul 1996	230	2,650	19.55	—	$4,497
Jun 1996	0	2,647	18.73	—	$0
May 1996	244	2,334	19.43	—	$4,741
Apr 1996	230	2,367	21.51	—	$4,947
Mar 1996	0	1,669	19.38	—	$0
Feb 1996	228	2,157	16.98	—	$3,871
Jan 1996	55	1,932	17.07	—	$939
Dec 1995	176	1,626	17.19	—	$3,025
Nov 1995	52	2,016	16.00	—	$832
Oct 1995	180	2,348	15.43	—	$2,777
Sep 1995	232	2,397	16.18	—	$3,754
Aug 1995	0	2,641	15.92	—	$0
Jul 1995	232	2,598	15.24	—	$3,536
Jun 1995	267	3,128	16.41	—	$4,381
May 1995	178	3,375	17.56	—	$3,126
Apr 1995	54	1,450	17.73	—	$957
Mar 1995	230	3,169	16.44	—	$3,781
Feb 1995	175	2,839	16.58	—	$2,902
Jan 1995	238	2,667	15.92	—	$3,789
Dec 1994	230	3,103	15.03	—	$3,457
Nov 1994	185	3,523	15.90	—	$2,942
Oct 1994	233	4,108	15.58	—	$3,630
Sep 1994	176	4,628	15.29	—	$2,691
Aug 1994	223	2,607	16.13	—	$3,597
Jul 1994	228	3,170	17.56	—	$4,004
Jun 1994	416	4,026	17.09	—	$7,109
May 1994	177	3,317	15.88	—	$2,811
Apr 1994	117	1,648	14.14	—	$1,654
Mar 1994	407	4,848	12.46	—	$5,071
Feb 1994	171	4,077	12.50	—	$2,138
Jan 1994	230	4,800	12.66	—	$2,912
Dec 1993	0	1,712	12.33	—	$0
Nov 1993	183	4,121	14.49	—	$2,652
Oct 1993	235	4,815	15.85	—	$3,725
Sep 1993	412	4,761	15.03	—	$6,192
Aug 1993	423	4,811	15.66	—	$6,624
Jul 1993	411	4,780	15.46	—	$6,354
Jun 1993	588	4,552	16.79	—	$9,873
May 1993	53	1,635	17.68	—	$937
Apr 1993	55	2,336	18.05	—	$993
Mar 1993	387	1,955	18.14	—	$7,020
Feb 1993	54	1,129	17.90	—	$967
Jan 1993	0	716	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.

Aug 2015 — as filed, then multipliedworked

Oil                    0 bbl  × $ 40.16 =         $0
Casinghead gas        30 Mcf  × $  2.87 =        $86

────────────────────────────────────────────────────
Month total                                      $86

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/3930 is the state's own key, not one this site invented.