THOMAS

Operated by GRAVES OPERATING, LLC (P-5 325799) in the CREST (DES MOINES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4317District 10Field 21694500NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.5 M
Jan 1993 – Dec 2014
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
264
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 81 leases and 102 wells, and the rule below applies to all of them.

Discovered
1965-11-15
as the register files it
Field class
Oil
the register's own label
Between wells
1,867 ft
minimum
From a lease line
933 ft
minimum

A drilling unit in this field needs at least 160 acres.

The Commission's schedule remark for this field reads: REQUIRING NEW DRILLING PERMITS.

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
NGPA1none

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
OilDisposition40,358 bbl$1,232,535
Casinghead gasProduction84,443 Mcf$245,146
Total$1,477,681

31,919 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 (1)

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 36.3650, -100.7233. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.36501, -100.72333 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
7,335 ft
1 wells filed one
Completion to plug
35.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 7,335 ft.

Completions filed
Jul 1978
1 of 1 wells
Plug dates filed
Apr 2014
1 of 1 wells

Last completion to plug: a median of 35.8 years across the 1 well that filed both dates, with the middle half between 35.8 years and 35.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3573081417,335 ftJul 1978Apr 2014Yes

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 (264)

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

264 months

Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 2014127086.164.05$10,942
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110896.873.24$26
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 20100480.843.80$15
Oct 201001078.103.51$35
Sep 20100572.633.98$20
Aug 20100673.684.42$27
Jul 20100172.554.74$5
Jun 20100070.364.91$0
May 20100571.124.24$21
Apr 2010189981.694.12$15,477
Mar 201001678.394.39$70
Feb 201007273.585.44$392
Jan 2010025874.365.96$1,539
Dec 2009026871.445.48$1,470
Nov 2009029774.593.75$1,114
Oct 200919732772.544.11$15,634
Sep 2009032065.543.06$981
Aug 2009014167.423.22$454
Jul 200919529061.133.46$12,925
Jun 2009032866.163.90$1,278
May 200919211454.743.93$10,958
Apr 20091929646.773.59$9,324
Mar 2009026142.144.06$1,059
Feb 2009024832.814.63$1,149
Jan 2009015435.865.37$827
Dec 2008010337.105.98$616
Nov 200819546555.496.86$14,011
Oct 2008025175.246.92$1,737
Sep 20080217101.767.88$1,709
Aug 2008190230114.228.48$23,653
Jul 20080353131.0811.39$4,020
Jun 20080356131.3313.03$4,640
May 2008189247123.1711.57$26,138
Apr 20080347110.3110.45$3,628
Mar 2008189342101.909.66$22,564
Feb 2008018592.538.77$1,623
Jan 20081805590.388.21$16,720
Dec 2007016588.337.30$1,205
Nov 2007032691.677.29$2,377
Oct 200717537082.856.92$17,060
Sep 200718737375.846.24$16,511
Aug 2007036569.066.39$2,332
Jul 200718129370.906.39$14,705
Jun 200719118662.007.55$13,246
May 20070258.747.85$16
Apr 200718617659.617.81$12,461
Mar 2007026156.927.30$1,906
Feb 2007023855.108.22$1,955
Jan 200718120750.306.73$10,497
Dec 200617528356.656.92$11,872
Nov 200618031454.207.62$12,148
Oct 200618630454.906.01$12,040
Sep 2006028260.085.04$1,420
Aug 200618932768.717.34$15,386
Jul 200617628569.376.34$14,017
Jun 200618326266.286.38$13,802
May 200617631666.016.42$13,648
Apr 200619031064.397.36$14,516
Mar 200636328956.707.08$22,629
Feb 200618126057.597.75$12,439
Jan 200618730860.598.93$14,082
Dec 200519330054.9413.42$14,628
Nov 200519529954.6910.59$13,830
Oct 200519525858.3413.80$14,936
Sep 200517831461.4512.08$14,731
Aug 200518127461.519.80$13,818
Jul 200538531155.697.84$23,880
Jun 200538325552.337.38$21,925
May 2005031545.226.65$2,095
Apr 200519334149.207.36$12,006
Mar 200557740450.377.15$31,954
Feb 200519715245.226.31$9,868
Jan 200519122443.166.32$9,660
Dec 20041916839.866.75$8,072
Nov 2004020245.286.33$1,279
Oct 200437424049.706.52$20,151
Sep 200418134043.245.28$9,623
Aug 2004030742.375.55$1,704
Jul 200437632538.286.08$16,371
Jun 200419135036.106.43$9,147
May 200437331337.486.49$16,013
Apr 200437933534.475.86$15,027
Mar 200437429334.365.53$14,471
Feb 200418831532.455.51$7,836
Jan 200437534332.036.30$14,172
Dec 200318735130.266.30$7,871
Nov 200336934028.804.60$12,190
Oct 200337736028.174.76$12,334
Sep 200336436926.314.75$11,329
Aug 200320838729.765.13$8,175
Jul 200336129329.415.17$12,132
Jun 200336931028.565.98$12,393
May 200318639226.595.97$7,287
Apr 200337537926.675.41$12,051
Mar 200356739131.146.10$20,040
Feb 200336527833.487.93$14,424
Jan 200338521530.315.58$12,869
Dec 2002023326.914.85$1,131
Nov 200238332524.664.14$10,789
Oct 2002037726.464.23$1,594
Sep 200256536927.443.64$16,845
Aug 200237434925.963.16$10,813
Jul 200218938924.583.06$5,837
Jun 200237838423.733.34$10,252
May 200237639224.663.58$10,677
Apr 200218938723.653.51$5,829
Mar 200237939822.003.10$9,573
Feb 200218935818.222.38$4,294
Jan 200275735217.172.38$13,834
Dec 200119141916.932.36$4,224
Nov 200118942618.072.41$4,440
Oct 200119044819.782.53$4,891
Sep 200137844924.262.25$10,181
Aug 200137647524.873.05$10,801
Jul 200156447023.933.20$14,999
Jun 200138012024.563.82$9,792
May 20010525.524.31$22
Apr 200106224.685.34$331
Mar 20011879724.545.38$5,110
Feb 2001016727.755.77$963
Jan 2001036527.478.40$3,066
Dec 200038024826.889.12$12,477
Nov 200005232.215.66$294
Oct 200018931431.235.15$7,518
Sep 200019037131.875.19$7,979
Aug 200018726729.644.54$6,755
Jul 20003779428.534.09$11,140
Jun 2000013429.304.40$589
May 2000025627.263.68$942
Apr 200018826524.513.12$5,434
Mar 2000037228.422.86$1,064
Feb 200036941127.622.73$11,312
Jan 200019045125.272.48$5,920
Dec 199937437124.282.42$9,980
Nov 199906223.192.43$151
Oct 199918934020.982.80$4,918
Sep 199937340521.752.62$9,173
Aug 1999046019.262.88$1,323
Jul 199937651817.892.37$7,956
Jun 199918447715.942.36$4,060
May 199919049715.792.32$4,154
Apr 199918649015.102.21$3,891
Mar 199918542712.471.84$3,092
Feb 19993724189.981.82$4,472
Jan 199917650110.381.90$2,779
Dec 19983736059.201.77$4,504
Nov 199818851710.892.19$3,177
Oct 199818457712.421.97$3,422
Sep 199819057012.592.08$3,579
Aug 199836761711.301.91$5,324
Jul 199837159111.742.24$5,678
Jun 199818057811.242.24$3,316
May 199817956912.622.21$3,514
Apr 199837333313.042.51$5,698
Mar 199818347812.802.31$3,446
Feb 199818242313.952.30$3,511
Jan 199837746214.702.15$6,537
Dec 199718447216.322.41$4,141
Nov 199718448818.193.09$4,854
Oct 199736955719.253.15$8,858
Sep 199717855117.742.95$4,786
Aug 199718058817.862.55$4,717
Jul 199717659617.582.25$4,433
Jun 199736457717.242.26$7,578
May 199737057818.972.31$8,353
Apr 1997054617.882.08$1,137
Mar 199736649018.951.94$7,886
Feb 1997043120.492.21$951
Jan 199718447923.483.54$6,016
Dec 199637153423.32$8,652
Nov 1996051221.97$0
Oct 199636454223.31$8,485
Sep 199617761222.22$3,933
Aug 199636863820.26$7,456
Jul 1996064119.55$0
Jun 199618360318.73$3,428
May 199618457819.43$3,575
Apr 199619154821.51$4,108
Mar 199618355619.38$3,547
Feb 199636452316.98$6,181
Jan 199618157517.07$3,090
Dec 1995060917.19$0
Nov 199555460416.00$8,864
Oct 199517970915.43$2,762
Sep 199518671416.18$3,009
Aug 199517874215.92$2,834
Jul 199517872215.24$2,713
Jun 1995060616.41$0
May 1995073017.56$0
Apr 199519262317.73$3,404
Mar 199535560416.44$5,836
Feb 1995055416.58$0
Jan 199517860415.92$2,834
Dec 199418057615.03$2,705
Nov 199435562515.90$5,645
Oct 199418166415.58$2,820
Sep 199418259215.29$2,783
Aug 1994073716.13$0
Jul 199418677717.56$3,266
Jun 199418368117.09$3,127
May 199418292215.88$2,890
Apr 199436874114.14$5,204
Mar 1994070212.46$0
Feb 199418865712.50$2,350
Jan 199419267512.66$2,431
Dec 199318571712.33$2,281
Nov 199318567614.49$2,681
Oct 1993074315.85$0
Sep 199318573815.03$2,781
Aug 1993078415.66$0
Jul 199318682315.46$2,876
Jun 1993073016.79$0
May 199317979617.68$3,165
Apr 199319275218.05$3,466
Mar 199338674518.14$7,002
Feb 1993066917.90$0
Jan 199318171416.93$3,064

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.

Sep 2014 — as filed, then multipliedworked
Oil                  127 bbl  × $ 86.16 =    $10,942
Casinghead gas         0 Mcf  × $  4.05 =         $0

────────────────────────────────────────────────────
Month total                                  $10,942

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/4317 is the state's own key, not one this site invented.