KELTON

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

Operated by H & L OPERATING CO., L.L.P. (P-5 341362) in the MILLS RANCH (GRANITE WASH) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5068District 10Field 61691230NGPA filingOilCasinghead gasSave Export

Value, all time

$3.7 M

Jan 1993 – Dec 2010

Value, last 12 filed months

$118 k

at the published price for each month

Months reported

216

no gaps in the span

Streams

oil, casinghead gas

The MILLS RANCH (GRANITE WASH) 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 34 leases and 42 wells, and the rule below applies to all of them.

Discovered

1977-05-02

as the register files it

Field class

Oil and gas

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: “MILLS RANCH (GRANITE WASH CONS.) 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.

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	61,629 bbl	$2,103,617
Casinghead gas	Production	412,204 Mcf	$1,568,574
Total			$3,672,191

94,944 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 35.3929, -100.1153. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.39289, -100.11525 · 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%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

—

no depth filed

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

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.

Completions filed

Jan 1985

1 of 1 wells

1 well


42-48331015	2	—	Jan 1985	—	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 (216)

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

216 months


Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	745	2,165	73.58	5.44	$66,600
Jan 2010	517	2,237	74.36	5.96	$51,786
Dec 2009	0	2,351	71.44	5.48	$12,892
Nov 2009	363	2,303	74.59	3.75	$35,716
Oct 2009	0	2,330	72.54	4.11	$9,577
Sep 2009	359	2,204	65.54	3.06	$30,284
Aug 2009	0	2,269	67.42	3.22	$7,303
Jul 2009	568	2,189	61.13	3.46	$42,306
Jun 2009	0	2,172	66.16	3.90	$8,460
May 2009	0	2,236	54.74	3.93	$8,778
Apr 2009	538	2,179	46.77	3.59	$32,979
Mar 2009	0	2,180	42.14	4.06	$8,849
Feb 2009	513	1,983	32.81	4.63	$26,019
Jan 2009	365	2,063	35.86	5.37	$24,169
Dec 2008	365	1,951	37.10	5.98	$25,203
Nov 2008	178	1,723	55.49	6.86	$21,698
Oct 2008	0	2,051	75.24	6.92	$14,197
Sep 2008	528	1,985	101.76	7.88	$69,365
Aug 2008	173	2,053	114.22	8.48	$37,176
Jul 2008	339	1,913	131.08	11.39	$66,224
Jun 2008	354	1,810	131.33	13.03	$70,080
May 2008	0	1,763	123.17	11.57	$20,405
Apr 2008	538	1,829	110.31	10.45	$78,469
Mar 2008	173	1,900	101.90	9.66	$35,990
Feb 2008	380	1,806	92.53	8.77	$51,001
Jan 2008	194	2,058	90.38	8.21	$34,421
Dec 2007	377	1,976	88.33	7.30	$47,729
Nov 2007	387	1,897	91.67	7.29	$49,309
Oct 2007	178	2,026	82.85	6.92	$28,771
Sep 2007	553	1,984	75.84	6.24	$54,328
Aug 2007	178	1,532	69.06	6.39	$22,079
Jul 2007	363	882	70.90	6.39	$31,371
Jun 2007	0	1,007	62.00	7.55	$7,601
May 2007	170	1,438	58.74	7.85	$21,269
Apr 2007	549	1,735	59.61	7.81	$46,268
Mar 2007	362	1,880	56.92	7.30	$34,333
Feb 2007	0	1,773	55.10	8.22	$14,567
Jan 2007	184	1,923	50.30	6.73	$22,191
Dec 2006	362	2,020	56.65	6.92	$34,483
Nov 2006	356	1,979	54.20	7.62	$34,370
Oct 2006	0	2,012	54.90	6.01	$12,100
Sep 2006	350	2,008	60.08	5.04	$31,143
Aug 2006	359	2,098	68.71	7.34	$40,066
Jul 2006	187	2,010	69.37	6.34	$25,721
Jun 2006	541	1,927	66.28	6.38	$48,159
May 2006	179	1,868	66.01	6.42	$23,818
Apr 2006	368	1,643	64.39	7.36	$35,789
Mar 2006	178	1,320	56.70	7.08	$19,442
Feb 2006	367	1,390	57.59	7.75	$31,910
Jan 2006	0	1,341	60.59	8.93	$11,980
Dec 2005	369	1,073	54.94	13.42	$34,668
Nov 2005	184	1,687	54.69	10.59	$27,926
Oct 2005	358	1,556	58.34	13.80	$42,352
Sep 2005	347	1,867	61.45	12.08	$43,875
Aug 2005	0	1,444	61.51	9.80	$14,147
Jul 2005	354	1,393	55.69	7.84	$30,640
Jun 2005	185	1,998	52.33	7.38	$24,428
May 2005	357	2,022	45.22	6.65	$29,592
Apr 2005	360	1,909	49.20	7.36	$31,763
Mar 2005	158	2,021	50.37	7.15	$22,418
Feb 2005	357	1,912	45.22	6.31	$28,212
Jan 2005	365	1,990	43.16	6.32	$28,335
Dec 2004	181	2,178	39.86	6.75	$21,919
Nov 2004	179	2,105	45.28	6.33	$21,431
Oct 2004	361	2,110	49.70	6.52	$31,689
Sep 2004	352	2,272	43.24	5.28	$27,226
Aug 2004	344	2,362	42.37	5.55	$27,686
Jul 2004	346	2,417	38.28	6.08	$27,950
Jun 2004	176	2,240	36.10	6.43	$20,764
May 2004	354	2,291	37.48	6.49	$28,147
Apr 2004	176	2,161	34.47	5.86	$18,727
Mar 2004	499	2,378	34.36	5.53	$30,296
Feb 2004	339	2,284	32.45	5.51	$23,585
Jan 2004	355	2,306	32.03	6.30	$25,898
Dec 2003	178	2,301	30.26	6.30	$19,886
Nov 2003	351	2,253	28.80	4.60	$20,462
Oct 2003	354	2,278	28.17	4.76	$20,815
Sep 2003	360	2,211	26.31	4.75	$19,972
Aug 2003	178	1,978	29.76	5.13	$15,444
Jul 2003	172	1,059	29.41	5.17	$10,534
Jun 2003	0	818	28.56	5.98	$4,894
May 2003	353	1,692	26.59	5.97	$19,492
Apr 2003	171	1,924	26.67	5.41	$14,964
Mar 2003	170	2,163	31.14	6.10	$18,480
Feb 2003	346	2,131	33.48	7.93	$28,474
Jan 2003	348	1,824	30.31	5.58	$20,730
Dec 2002	328	2,280	26.91	4.85	$19,893
Nov 2002	358	2,393	24.66	4.14	$18,728
Oct 2002	360	2,355	26.46	4.23	$19,485
Sep 2002	355	2,091	27.44	3.64	$17,342
Aug 2002	354	2,318	25.96	3.16	$16,524
Jul 2002	178	2,244	24.58	3.06	$11,246
Jun 2002	178	1,376	23.73	3.34	$8,817
May 2002	363	2,356	24.66	3.58	$17,395
Apr 2002	335	2,414	23.65	3.51	$16,401
Mar 2002	362	2,590	22.00	3.10	$16,000
Feb 2002	353	2,425	18.22	2.38	$12,193
Jan 2002	361	2,866	17.17	2.38	$13,007
Dec 2001	362	2,172	16.93	2.36	$11,264
Nov 2001	394	2,571	18.07	2.41	$13,304
Oct 2001	193	2,196	19.78	2.53	$9,371
Sep 2001	194	1,038	24.26	2.25	$7,043
Aug 2001	189	1,040	24.87	3.05	$7,876
Jul 2001	193	1,507	23.93	3.20	$9,436
Jun 2001	188	1,542	24.56	3.82	$10,514
May 2001	191	1,475	25.52	4.31	$11,228
Apr 2001	0	1,426	24.68	5.34	$7,608
Mar 2001	363	1,544	24.54	5.38	$17,209
Feb 2001	546	1,472	27.75	5.77	$23,641
Jan 2001	0	1,663	27.47	8.40	$13,967
Dec 2000	0	1,660	26.88	9.12	$15,143
Nov 2000	373	1,809	32.21	5.66	$22,250
Oct 2000	557	2,099	31.23	5.15	$28,196
Sep 2000	0	1,896	31.87	5.19	$9,834
Aug 2000	181	2,008	29.64	4.54	$14,483
Jul 2000	357	2,025	28.53	4.09	$18,467
Jun 2000	347	1,980	29.30	4.40	$18,874
May 2000	182	2,521	27.26	3.68	$14,238
Apr 2000	175	2,522	24.51	3.12	$12,148
Mar 2000	180	1,840	28.42	2.86	$10,378
Feb 2000	524	1,940	27.62	2.73	$19,762
Jan 2000	330	2,448	25.27	2.48	$14,411
Dec 1999	176	2,235	24.28	2.42	$9,690
Nov 1999	330	2,251	23.19	2.43	$13,132
Oct 1999	176	2,374	20.98	2.80	$10,348
Sep 1999	350	2,153	21.75	2.62	$13,251
Aug 1999	174	2,448	19.26	2.88	$10,391
Jul 1999	343	2,193	17.89	2.37	$11,339
Jun 1999	172	2,158	15.94	2.36	$7,839
May 1999	500	2,421	15.79	2.32	$13,514
Apr 1999	173	2,162	15.10	2.21	$7,386
Mar 1999	156	1,096	12.47	1.84	$3,960
Feb 1999	354	2,175	9.98	1.82	$7,487
Jan 1999	348	2,221	10.38	1.90	$7,832
Dec 1998	170	1,754	9.20	1.77	$4,674
Nov 1998	347	2,483	10.89	2.19	$9,206
Oct 1998	363	2,300	12.42	1.97	$9,038
Sep 1998	186	1,850	12.59	2.08	$6,195
Aug 1998	355	2,596	11.30	1.91	$8,963
Jul 1998	186	2,642	11.74	2.24	$8,095
Jun 1998	364	2,603	11.24	2.24	$9,915
May 1998	182	2,741	12.62	2.21	$8,344
Apr 1998	184	2,717	13.04	2.51	$9,206
Mar 1998	553	2,673	12.80	2.31	$13,252
Feb 1998	168	2,241	13.95	2.30	$7,496
Jan 1998	484	2,640	14.70	2.15	$12,803
Dec 1997	179	2,633	16.32	2.41	$9,270
Nov 1997	176	2,432	18.19	3.09	$10,712
Oct 1997	344	2,498	19.25	3.15	$14,490
Sep 1997	342	2,136	17.74	2.95	$12,379
Aug 1997	349	2,352	17.86	2.55	$12,242
Jul 1997	174	1,499	17.58	2.25	$6,427
Jun 1997	176	1,322	17.24	2.26	$6,018
May 1997	168	2,433	18.97	2.31	$8,804
Apr 1997	350	2,284	17.88	2.08	$11,015
Mar 1997	354	2,234	18.95	1.94	$11,040
Feb 1997	179	1,484	20.49	2.21	$6,941
Jan 1997	330	744	23.48	3.54	$10,382
Dec 1996	174	1,378	23.32	—	$4,058
Nov 1996	161	1,690	21.97	—	$3,537
Oct 1996	491	2,182	23.31	—	$11,445
Sep 1996	179	1,584	22.22	—	$3,977
Aug 1996	323	2,290	20.26	—	$6,544
Jul 1996	359	2,395	19.55	—	$7,018
Jun 1996	352	1,756	18.73	—	$6,593
May 1996	177	2,248	19.43	—	$3,439
Apr 1996	372	2,598	21.51	—	$8,002
Mar 1996	529	2,638	19.38	—	$10,252
Feb 1996	376	2,446	16.98	—	$6,384
Jan 1996	373	1,052	17.07	—	$6,367
Dec 1995	376	1,504	17.19	—	$6,463
Nov 1995	186	1,340	16.00	—	$2,976
Oct 1995	358	2,205	15.43	—	$5,524
Sep 1995	366	2,235	16.18	—	$5,922
Aug 1995	369	2,240	15.92	—	$5,874
Jul 1995	161	2,420	15.24	—	$2,454
Jun 1995	504	2,456	16.41	—	$8,271
May 1995	345	2,520	17.56	—	$6,058
Apr 1995	164	1,892	17.73	—	$2,908
Mar 1995	541	1,820	16.44	—	$8,894
Feb 1995	168	1,915	16.58	—	$2,785
Jan 1995	553	2,010	15.92	—	$8,804
Dec 1994	183	2,375	15.03	—	$2,750
Nov 1994	554	2,093	15.90	—	$8,809
Oct 1994	382	2,808	15.58	—	$5,952
Sep 1994	184	2,209	15.29	—	$2,813
Aug 1994	136	1,343	16.13	—	$2,194
Jul 1994	706	1,678	17.56	—	$12,397
Jun 1994	323	1,525	17.09	—	$5,520
May 1994	517	1,872	15.88	—	$8,210
Apr 1994	529	1,968	14.14	—	$7,480
Mar 1994	359	2,392	12.46	—	$4,473
Feb 1994	337	2,104	12.50	—	$4,213
Jan 1994	373	2,177	12.66	—	$4,722
Dec 1993	427	1,272	12.33	—	$5,265
Nov 1993	181	778	14.49	—	$2,623
Oct 1993	373	2,356	15.85	—	$5,912
Sep 1993	368	2,409	15.03	—	$5,531
Aug 1993	538	2,433	15.66	—	$8,425
Jul 1993	360	1,527	15.46	—	$5,566
Jun 1993	356	2,465	16.79	—	$5,977
May 1993	368	1,516	17.68	—	$6,506
Apr 1993	914	2,071	18.05	—	$16,498
Mar 1993	738	1,885	18.14	—	$13,387
Feb 1993	354	2,282	17.90	—	$6,337
Jan 1993	518	592	16.93	—	$8,770

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 2010 — as filed, then multipliedworked

Oil                  745 bbl  × $ 73.58 =    $54,817
Casinghead gas     2,165 Mcf  × $  5.44 =    $11,783

────────────────────────────────────────────────────
Month total                                  $66,600

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/5068 is the state's own key, not one this site invented.