GRAVES

Operated by JONES ENERGY, LLC (P-5 441132) in the LIPSCOMB (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4350District 10Field 53869270NGPA filingOilCasinghead gasSaveExport
Value, all time
$661 k
Jan 1993 – Apr 2015
Value, last 12 filed months
$0
at the published price for each month
Months reported
268
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 1,389 leases and 1,486 wells, and the rule below applies to all of them.

Discovered
1958-05-24
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 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 2013-08-06.

The Commission's schedule remark for this field reads: FIELD

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
OilDisposition14,132 bbl$411,775
Casinghead gasProduction85,344 Mcf$249,349
Total$661,124

29,288 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 36.2193, -100.0369. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.21932, -100.03685 · 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
10,690 ft
1 wells filed one
Completion to plug
35.1 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 10,690 ft.

Completions filed
Sep 1978
1 of 1 wells
Plug dates filed
Oct 2013
1 of 1 wells

Last completion to plug: a median of 35.1 years across the 1 well that filed both dates, with the middle half between 35.1 years and 35.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-29530158110,690 ftSep 1978Oct 2013Yes

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 (268)

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

268 months

Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
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 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 2010011770.364.91$575
May 2010016271.124.24$686
Apr 2010017181.694.12$705
Mar 20108920378.394.39$7,868
Feb 2010018373.585.44$996
Jan 2010019674.365.96$1,169
Dec 20090071.445.48$0
Nov 2009015374.593.75$574
Oct 20090072.544.11$0
Sep 200909765.543.06$297
Aug 2009016267.423.22$521
Jul 200918021161.133.46$11,734
Jun 200906766.163.90$261
May 2009047754.743.93$1,873
Apr 200933950046.773.59$17,649
Mar 2009062742.144.06$2,545
Feb 2009011432.814.63$528
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 200801255.496.86$82
Oct 200817827575.246.92$15,296
Sep 2008180612101.767.88$23,138
Aug 20080157114.228.48$1,332
Jul 20080240131.0811.39$2,733
Jun 2008176306131.3313.03$27,102
May 20080394123.1711.57$4,560
Apr 20080301110.3110.45$3,147
Mar 20080248101.909.66$2,397
Feb 200802892.538.77$246
Jan 200804190.388.21$336
Dec 200708488.337.30$613
Nov 2007020391.677.29$1,480
Oct 200717827082.856.92$16,616
Sep 2007027475.846.24$1,711
Aug 2007022069.066.39$1,405
Jul 200737035370.906.39$28,488
Jun 200709162.007.55$687
May 2007024158.747.85$1,891
Apr 2007019959.617.81$1,553
Mar 200722926756.927.30$14,984
Feb 2007023755.108.22$1,947
Jan 200717341550.306.73$11,494
Dec 2006029756.656.92$2,055
Nov 2006015954.207.62$1,211
Oct 2006010654.906.01$637
Sep 200601060.085.04$50
Aug 2006183068.717.34$12,574
Jul 200602669.376.34$165
Jun 2006026266.286.38$1,673
May 2006031966.016.42$2,050
Apr 2006027064.397.36$1,987
Mar 200618015256.707.08$11,283
Feb 2006023057.597.75$1,783
Jan 2006023160.598.93$2,064
Dec 2005025954.9413.42$3,475
Nov 20059863854.6910.59$12,115
Oct 2005027458.3413.80$3,780
Sep 2005025161.4512.08$3,032
Aug 2005022761.519.80$2,224
Jul 20055032355.697.84$5,318
Jun 2005016852.337.38$1,240
May 20058327945.226.65$5,609
Apr 2005016449.207.36$1,207
Mar 20054116050.377.15$3,210
Feb 200506345.226.31$398
Jan 200503043.166.32$190
Dec 2004013039.866.75$878
Nov 20044811645.286.33$2,908
Oct 2004022449.706.52$1,459
Sep 2004023543.245.28$1,242
Aug 20043524542.375.55$2,843
Jul 200411733638.286.08$6,523
Jun 2004032236.106.43$2,071
May 2004027237.486.49$1,767
Apr 200414120634.475.86$6,067
Mar 2004021834.365.53$1,206
Feb 20048019732.455.51$3,681
Jan 2004021032.036.30$1,323
Dec 200311622730.266.30$4,941
Nov 2003018328.804.60$841
Oct 2003027128.174.76$1,290
Sep 2003028326.314.75$1,344
Aug 200316927629.765.13$6,445
Jul 2003041329.415.17$2,136
Jun 2003022028.565.98$1,316
May 2003028926.595.97$1,726
Apr 200314716826.675.41$4,829
Mar 2003020531.146.10$1,250
Feb 2003021633.487.93$1,712
Jan 2003028930.315.58$1,613
Dec 200217631726.914.85$6,275
Nov 2002023424.664.14$968
Oct 200205626.464.23$237
Sep 2002029427.443.64$1,069
Aug 2002016425.963.16$519
Jul 2002021124.583.06$646
Jun 2002018523.733.34$618
May 2002027024.663.58$968
Apr 2002016923.653.51$594
Mar 200215615522.003.10$3,913
Feb 2002030318.222.38$720
Jan 2002051117.172.38$1,214
Dec 200118147216.932.36$4,180
Nov 2001057318.072.41$1,378
Oct 20015360719.782.53$2,583
Sep 200111658124.262.25$4,122
Aug 20019061324.873.05$4,110
Jul 2001056223.933.20$1,797
Jun 20018356324.563.82$4,191
May 200111152125.524.31$5,077
Apr 200116255824.685.34$6,975
Mar 2001045524.545.38$2,446
Feb 200119543027.755.77$7,891
Jan 200118258827.478.40$9,938
Dec 2000059226.889.12$5,401
Nov 2000059232.215.66$3,350
Oct 200018658631.235.15$8,824
Sep 2000055231.875.19$2,863
Aug 200022258029.644.54$9,214
Jul 2000059928.534.09$2,450
Jun 200029359029.304.40$11,179
May 2000057627.263.68$2,120
Apr 20005256624.513.12$3,038
Mar 2000026928.422.86$769
Feb 2000029627.622.73$807
Jan 200010234525.272.48$3,433
Dec 199910960324.282.42$4,108
Nov 1999058223.192.43$1,417
Oct 199914257520.982.80$4,591
Sep 199912155121.752.62$4,075
Aug 1999056619.262.88$1,628
Jul 199910857117.892.37$3,287
Jun 19998756315.942.36$2,717
May 199918159215.792.32$4,232
Apr 1999058415.102.21$1,290
Mar 199918661312.471.84$3,446
Feb 19991805409.981.82$2,778
Jan 199918060510.381.90$3,018
Dec 199806109.201.77$1,082
Nov 1998060210.892.19$1,316
Oct 199818159712.421.97$3,424
Sep 1998055612.592.08$1,158
Aug 199818258111.301.91$3,165
Jul 1998058411.742.24$1,307
Jun 1998060811.242.24$1,360
May 199811963312.622.21$2,898
Apr 199818262213.042.51$3,932
Mar 1998062712.802.31$1,448
Feb 19989058813.952.30$2,607
Jan 199816863714.702.15$3,842
Dec 199711361916.322.41$3,337
Nov 1997053918.193.09$1,665
Oct 19975949219.253.15$2,685
Sep 199718155017.742.95$4,836
Aug 1997056317.862.55$1,438
Jul 199710456517.582.25$3,098
Jun 19978056917.242.26$2,664
May 199711058218.972.31$3,430
Apr 19979256617.882.08$2,824
Mar 199716757218.951.94$4,274
Feb 19979554520.492.21$3,149
Jan 19976261223.483.54$3,622
Dec 199612657823.32$2,938
Nov 1996060621.97$0
Oct 199610163023.31$2,354
Sep 19969161922.22$2,022
Aug 199610364920.26$2,087
Jul 19967261819.55$1,408
Jun 19968361218.73$1,555
May 199615263619.43$2,953
Apr 19964656021.51$989
Mar 199618050719.38$3,488
Feb 1996046816.98$0
Jan 199618049417.07$3,073
Dec 1995047117.19$0
Nov 19957348016.00$1,168
Oct 199513245815.43$2,037
Sep 199516445216.18$2,654
Aug 1995046915.92$0
Jul 199517849715.24$2,713
Jun 1995045016.41$0
May 1995017117.56$0
Apr 1995030917.73$0
Mar 199518272216.44$2,992
Feb 1995064316.58$0
Jan 199518552415.92$2,945
Dec 199418470715.03$2,766
Nov 1994065915.90$0
Oct 199418170215.58$2,820
Sep 1994068315.29$0
Aug 199418271016.13$2,936
Jul 199417868717.56$3,126
Jun 1994059517.09$0
May 199418070415.88$2,858
Apr 1994069814.14$0
Mar 199418383312.46$2,280
Feb 199417965412.50$2,238
Jan 1994073012.66$0
Dec 199317975312.33$2,207
Nov 199318266014.49$2,637
Oct 1993071515.85$0
Sep 199317870315.03$2,675
Aug 199317774415.66$2,772
Jul 1993080315.46$0
Jun 199317844116.79$2,989
May 199317675317.68$3,112
Apr 1993069218.05$0
Mar 199334470118.14$6,240
Feb 1993064317.90$0
Jan 199318469516.93$3,115

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 2010 — as filed, then multipliedworked
Oil                    0 bbl  × $ 70.36 =         $0
Casinghead gas       117 Mcf  × $  4.91 =       $575

────────────────────────────────────────────────────
Month total                                     $575

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/4350 is the state's own key, not one this site invented.