BOONE

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the PANHANDLE GRAY COUNTY FIELD field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4831District 10Field 68873001NGPA filingOilCasinghead gasSaveExport
Value, all time
$122 k
Jan 1993 – May 2006
Value, last 12 filed months
$0
at the published price for each month
Months reported
161
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 837 leases and 6,360 wells, and the rule below applies to all of them.

Discovered
1921-12-31
as the register files it
Field class
Oil
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 20 acres. The field rule took effect on 1989-05-01.

The Commission's schedule remark for this field reads: UNTIL THE FLUID MIGRATION FROM SUCH STRATA IS ELIMINATED.

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
OilDisposition5,825 bbl$95,787
Casinghead gasProduction29,088 Mcf$25,760
Total$121,547

17,778 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 35.3743, -101.0301. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.37434, -101.03006 · 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
3,357 ft
1 wells filed one
Completion to plug
20.9 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 3,357 ft.

Completions filed
Jul 1981
1 of 1 wells
Plug dates filed
Jun 2002
1 of 1 wells

Last completion to plug: a median of 20.9 years across the 1 well that filed both dates, with the middle half between 20.9 years and 20.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1793093523,357 ftJul 1981Jun 2002Yes

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 (161)

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

161 months

May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 200087027.622.73$2,403
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 1999023615.792.32$548
Apr 1999041315.102.21$912
Mar 199914947012.471.84$2,722
Feb 199903799.981.82$689
Jan 199915444610.381.90$2,446
Dec 199804379.201.77$775
Nov 1998042510.892.19$929
Oct 199812844012.421.97$2,456
Sep 1998043212.592.08$900
Aug 199816142611.301.91$2,632
Jul 1998045711.742.24$1,022
Jun 1998041511.242.24$928
May 199811745312.622.21$2,476
Apr 1998045013.042.51$1,127
Mar 199815148412.802.31$3,051
Feb 19980013.952.30$0
Jan 199816050614.702.15$3,442
Dec 1997039416.322.41$950
Nov 1997037618.193.09$1,161
Oct 199718649719.253.15$5,146
Sep 1997037817.742.95$1,117
Aug 199715440017.862.55$3,772
Jul 1997035617.582.25$800
Jun 199716337917.242.26$3,666
May 1997036418.972.31$840
Apr 199717438317.882.08$3,909
Mar 1997039618.951.94$768
Feb 199717128420.492.21$4,130
Jan 1997023423.483.54$828
Dec 1996037323.32$0
Nov 199617033021.97$3,735
Oct 1996035723.31$0
Sep 199614635522.22$3,244
Aug 1996033220.26$0
Jul 199618636319.55$3,636
Jun 1996035318.73$0
May 199616636419.43$3,225
Apr 1996035421.51$0
Mar 199616736119.38$3,236
Feb 1996029916.98$0
Jan 199619632417.07$3,346
Dec 1995034317.19$0
Nov 1995033716.00$0
Oct 1995033115.43$0
Sep 199516832816.18$2,718
Aug 1995031115.92$0
Jul 199518731215.24$2,850
Jun 1995029416.41$0
May 199517830717.56$3,126
Apr 1995032517.73$0
Mar 199517737316.44$2,910
Feb 1995035116.58$0
Jan 199515334715.92$2,436
Dec 1994042315.03$0
Nov 1994040915.90$0
Oct 199418543715.58$2,882
Sep 199416343715.29$2,492
Aug 1994044616.13$0
Jul 19949746617.56$1,703
Jun 1994042717.09$0
May 199418837515.88$2,985
Apr 1994033814.14$0
Mar 199419133512.46$2,380
Feb 1994028412.50$0
Jan 199416535112.66$2,089
Dec 1993034912.33$0
Nov 199316640814.49$2,405
Oct 1993035715.85$0
Sep 199315634615.03$2,345
Aug 1993043315.66$0
Jul 199319345215.46$2,984
Jun 1993045016.79$0
May 199314145817.68$2,493
Apr 1993044318.05$0
Mar 199314645118.14$2,648
Feb 1993035617.90$0
Jan 199318542316.93$3,132

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.

Feb 2000 — as filed, then multipliedworked
Oil                   87 bbl  × $ 27.62 =     $2,403
Casinghead gas         0 Mcf  × $  2.73 =         $0

────────────────────────────────────────────────────
Month total                                   $2,403

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/4831 is the state's own key, not one this site invented.