FURNEAUX

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

Operated by PANTERA ENERGY COMPANY (P-5 638486) 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 5137District 10Field 68873001NGPA filingOilCasinghead gasSave Export

Value, all time

$1.4 M

Jan 1993 – Mar 2012

Value, last 12 filed months

$687

at the published price for each month

Months reported

231

no gaps in the span

Streams

oil, casinghead gas

The PANHANDLE GRAY COUNTY FIELD 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 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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	2	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	11,588 bbl	$315,367
Casinghead gas	Production	338,717 Mcf	$1,066,315
Total			$1,381,682

118,589 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 35.3050, -100.9509. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

35.30497, -100.95085 · 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

3,227 ft

2 wells filed one

Completion to plug

27.0 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 3,202 and 3,251 ft, median 3,227 ft, over the 2 wells that filed a depth.

Completions filed

Mar 1984 – Oct 2008

2 of 2 wells

Plug dates filed

Mar 2011

1 of 2 wells; 1 filed none

Last completion to plug: a median of 27.0 years across the 1 well that filed both dates, with the middle half between 27.0 years and 27.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-17931078	2	3,202 ft	Oct 2008	—	Yes
42-17931485	3	3,251 ft	Mar 1984	Mar 2011	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 (231)

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

231 months


Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	7	0	98.09	2.73	$687
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
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	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	170	1,075	75.24	6.92	$20,232
Sep 2008	0	1,551	101.76	7.88	$12,217
Aug 2008	0	1,279	114.22	8.48	$10,850
Jul 2008	0	1,431	131.08	11.39	$16,298
Jun 2008	0	1,423	131.33	13.03	$18,545
May 2008	0	1,636	123.17	11.57	$18,936
Apr 2008	188	1,935	110.31	10.45	$40,968
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	16	92.53	8.77	$140
Jan 2008	0	49	90.38	8.21	$402
Dec 2007	0	360	88.33	7.30	$2,629
Nov 2007	0	360	91.67	7.29	$2,625
Oct 2007	0	1,281	82.85	6.92	$8,867
Sep 2007	0	1,308	75.84	6.24	$8,167
Aug 2007	0	1,326	69.06	6.39	$8,470
Jul 2007	0	1,334	70.90	6.39	$8,522
Jun 2007	0	1,313	62.00	7.55	$9,911
May 2007	0	1,492	58.74	7.85	$11,707
Apr 2007	0	900	59.61	7.81	$7,025
Mar 2007	0	1,244	56.92	7.30	$9,084
Feb 2007	0	1,120	55.10	8.22	$9,202
Jan 2007	0	1,389	50.30	6.73	$9,344
Dec 2006	304	1,425	56.65	6.92	$27,080
Nov 2006	0	1,397	54.20	7.62	$10,642
Oct 2006	0	1,458	54.90	6.01	$8,768
Sep 2006	0	1,415	60.08	5.04	$7,128
Aug 2006	180	1,483	68.71	7.34	$23,253
Jul 2006	0	1,349	69.37	6.34	$8,556
Jun 2006	0	1,265	66.28	6.38	$8,076
May 2006	179	1,448	66.01	6.42	$21,119
Apr 2006	0	1,370	64.39	7.36	$10,084
Mar 2006	174	1,313	56.70	7.08	$19,166
Feb 2006	0	1,167	57.59	7.75	$9,046
Jan 2006	0	1,493	60.59	8.93	$13,337
Dec 2005	0	1,551	54.94	13.42	$20,807
Nov 2005	181	1,337	54.69	10.59	$24,056
Oct 2005	0	1,703	58.34	13.80	$23,494
Sep 2005	0	514	61.45	12.08	$6,209
Aug 2005	0	1,483	61.51	9.80	$14,529
Jul 2005	0	1,479	55.69	7.84	$11,601
Jun 2005	0	1,410	52.33	7.38	$10,407
May 2005	177	1,345	45.22	6.65	$16,950
Apr 2005	0	1,287	49.20	7.36	$9,473
Mar 2005	173	1,364	50.37	7.15	$18,473
Feb 2005	0	1,216	45.22	6.31	$7,675
Jan 2005	0	1,401	43.16	6.32	$8,857
Dec 2004	168	1,522	39.86	6.75	$16,972
Nov 2004	0	1,512	45.28	6.33	$9,572
Oct 2004	171	1,528	49.70	6.52	$18,454
Sep 2004	0	1,420	43.24	5.28	$7,503
Aug 2004	0	1,521	42.37	5.55	$8,443
Jul 2004	0	1,453	38.28	6.08	$8,840
Jun 2004	0	1,330	36.10	6.43	$8,556
May 2004	0	1,381	37.48	6.49	$8,969
Apr 2004	0	1,273	34.47	5.86	$7,458
Mar 2004	171	1,399	34.36	5.53	$13,612
Feb 2004	0	1,413	32.45	5.51	$7,785
Jan 2004	0	1,594	32.03	6.30	$10,042
Dec 2003	172	1,619	30.26	6.30	$15,407
Nov 2003	0	1,494	28.80	4.60	$6,865
Oct 2003	176	1,645	28.17	4.76	$12,788
Sep 2003	0	1,581	26.31	4.75	$7,509
Aug 2003	176	1,597	29.76	5.13	$13,430
Jul 2003	0	1,592	29.41	5.17	$8,232
Jun 2003	0	1,574	28.56	5.98	$9,417
May 2003	0	1,611	26.59	5.97	$9,622
Apr 2003	0	997	26.67	5.41	$5,391
Mar 2003	176	1,449	31.14	6.10	$14,314
Feb 2003	0	1,305	33.48	7.93	$10,343
Jan 2003	0	1,528	30.31	5.58	$8,529
Dec 2002	0	1,699	26.91	4.85	$8,247
Nov 2002	184	1,658	24.66	4.14	$11,397
Oct 2002	0	1,775	26.46	4.23	$7,507
Sep 2002	179	1,608	27.44	3.64	$10,757
Aug 2002	0	1,477	25.96	3.16	$4,673
Jul 2002	0	1,534	24.58	3.06	$4,697
Jun 2002	0	1,580	23.73	3.34	$5,274
May 2002	174	1,568	24.66	3.58	$9,911
Apr 2002	0	1,419	23.65	3.51	$4,984
Mar 2002	0	1,501	22.00	3.10	$4,657
Feb 2002	181	1,441	18.22	2.38	$6,721
Jan 2002	0	1,651	17.17	2.38	$3,922
Dec 2001	0	1,731	16.93	2.36	$4,093
Nov 2001	0	1,681	18.07	2.41	$4,044
Oct 2001	183	1,759	19.78	2.53	$8,068
Sep 2001	0	1,718	24.26	2.25	$3,868
Aug 2001	0	1,807	24.87	3.05	$5,517
Jul 2001	178	1,759	23.93	3.20	$9,883
Jun 2001	0	1,729	24.56	3.82	$6,612
May 2001	0	1,610	25.52	4.31	$6,935
Apr 2001	177	1,116	24.68	5.34	$10,323
Mar 2001	0	1,612	24.54	5.38	$8,667
Feb 2001	0	1,474	27.75	5.77	$8,501
Jan 2001	0	1,699	27.47	8.40	$14,269
Dec 2000	0	1,730	26.88	9.12	$15,782
Nov 2000	181	1,793	32.21	5.66	$15,975
Oct 2000	0	1,758	31.23	5.15	$9,046
Sep 2000	0	1,754	31.87	5.19	$9,097
Aug 2000	178	1,550	29.64	4.54	$12,314
Jul 2000	174	1,839	28.53	4.09	$12,485
Jun 2000	0	1,766	29.30	4.40	$7,766
May 2000	0	1,570	27.26	3.68	$5,777
Apr 2000	178	1,608	24.51	3.12	$9,373
Mar 2000	0	1,642	28.42	2.86	$4,696
Feb 2000	0	1,633	27.62	2.73	$4,452
Jan 2000	180	1,691	25.27	2.48	$8,743
Dec 1999	0	1,802	24.28	2.42	$4,368
Nov 1999	0	1,842	23.19	2.43	$4,483
Oct 1999	181	1,904	20.98	2.80	$9,136
Sep 1999	0	1,890	21.75	2.62	$4,950
Aug 1999	0	1,916	19.26	2.88	$5,510
Jul 1999	178	1,891	17.89	2.37	$7,671
Jun 1999	0	1,752	15.94	2.36	$4,138
May 1999	176	1,253	15.79	2.32	$5,687
Apr 1999	0	1,578	15.10	2.21	$3,484
Mar 1999	0	1,989	12.47	1.84	$3,656
Feb 1999	0	1,656	9.98	1.82	$3,010
Jan 1999	182	1,510	10.38	1.90	$4,758
Dec 1998	0	1,830	9.20	1.77	$3,245
Nov 1998	0	1,716	10.89	2.19	$3,751
Oct 1998	178	1,883	12.42	1.97	$5,919
Sep 1998	0	1,902	12.59	2.08	$3,961
Aug 1998	172	1,956	11.30	1.91	$5,674
Jul 1998	0	2,093	11.74	2.24	$4,683
Jun 1998	179	1,773	11.24	2.24	$5,979
May 1998	0	2,054	12.62	2.21	$4,532
Apr 1998	181	1,922	13.04	2.51	$7,175
Mar 1998	0	1,939	12.80	2.31	$4,478
Feb 1998	183	1,855	13.95	2.30	$6,818
Jan 1998	0	2,204	14.70	2.15	$4,749
Dec 1997	0	2,007	16.32	2.41	$4,839
Nov 1997	181	2,167	18.19	3.09	$9,985
Oct 1997	0	2,280	19.25	3.15	$7,182
Sep 1997	0	2,063	17.74	2.95	$6,096
Aug 1997	181	2,248	17.86	2.55	$8,976
Jul 1997	0	2,200	17.58	2.25	$4,943
Jun 1997	179	2,230	17.24	2.26	$8,120
May 1997	0	1,781	18.97	2.31	$4,111
Apr 1997	0	2,050	17.88	2.08	$4,270
Mar 1997	181	2,186	18.95	1.94	$7,669
Feb 1997	0	1,926	20.49	2.21	$4,249
Jan 1997	182	2,107	23.48	3.54	$11,732
Dec 1996	0	2,153	23.32	—	$0
Nov 1996	186	2,157	21.97	—	$4,086
Oct 1996	0	2,329	23.31	—	$0
Sep 1996	181	2,275	22.22	—	$4,022
Aug 1996	0	2,441	20.26	—	$0
Jul 1996	180	2,134	19.55	—	$3,519
Jun 1996	0	2,266	18.73	—	$0
May 1996	0	2,418	19.43	—	$0
Apr 1996	179	2,101	21.51	—	$3,850
Mar 1996	0	2,222	19.38	—	$0
Feb 1996	181	2,027	16.98	—	$3,073
Jan 1996	0	1,940	17.07	—	$0
Dec 1995	185	2,282	17.19	—	$3,180
Nov 1995	0	2,394	16.00	—	$0
Oct 1995	181	2,480	15.43	—	$2,793
Sep 1995	0	2,418	16.18	—	$0
Aug 1995	0	2,531	15.92	—	$0
Jul 1995	178	2,329	15.24	—	$2,713
Jun 1995	0	2,525	16.41	—	$0
May 1995	179	2,610	17.56	—	$3,143
Apr 1995	0	2,252	17.73	—	$0
Mar 1995	182	2,480	16.44	—	$2,992
Feb 1995	0	2,195	16.58	—	$0
Jan 1995	183	2,526	15.92	—	$2,913
Dec 1994	0	2,561	15.03	—	$0
Nov 1994	0	2,480	15.90	—	$0
Oct 1994	180	2,819	15.58	—	$2,804
Sep 1994	0	2,779	15.29	—	$0
Aug 1994	178	2,830	16.13	—	$2,871
Jul 1994	0	2,836	17.56	—	$0
Jun 1994	179	2,688	17.09	—	$3,059
May 1994	179	2,641	15.88	—	$2,843
Apr 1994	0	2,583	14.14	—	$0
Mar 1994	180	2,404	12.46	—	$2,243
Feb 1994	0	2,259	12.50	—	$0
Jan 1994	182	2,579	12.66	—	$2,304
Dec 1993	0	2,457	12.33	—	$0
Nov 1993	183	2,821	14.49	—	$2,652
Oct 1993	0	2,962	15.85	—	$0
Sep 1993	181	2,339	15.03	—	$2,720
Aug 1993	0	2,712	15.66	—	$0
Jul 1993	179	2,846	15.46	—	$2,767
Jun 1993	0	2,601	16.79	—	$0
May 1993	0	2,860	17.68	—	$0
Apr 1993	0	2,274	18.05	—	$0
Mar 1993	183	2,527	18.14	—	$3,320
Feb 1993	0	2,396	17.90	—	$0
Jan 1993	185	2,850	16.93	—	$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.

Jan 2012 — as filed, then multipliedworked

Oil                    7 bbl  × $ 98.09 =       $687
Casinghead gas         0 Mcf  × $  2.73 =         $0

────────────────────────────────────────────────────
Month total                                     $687

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/5137 is the state's own key, not one this site invented.