SMITH, VESTER

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

Operated by BP AMERICA PRODUCTION COMPANY (P-5 40798) in the LIPSCOMB (CLEVELAND SEC. 610) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5411District 10Field 53869360NGPA filingOilCasinghead gasSave Export

Value, all time

$797 k

Jan 1993 – Sep 2014

Value, last 12 filed months

at the published price for each month

Months reported

261

no gaps in the span

Streams

oil, casinghead gas

The LIPSCOMB (CLEVELAND SEC. 610) 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 25 leases and 30 wells, and the rule below applies to all of them.

Discovered

1962-06-24

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “(CLEVELAND) 53869 270 EFF 4/5/11.”

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	4	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	19,417 bbl	$470,529
Casinghead gas	Production	121,094 Mcf	$325,984
Total			$796,514

41,924 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 (3)

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 36.2646, -100.0845. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

36.26575, -100.08570 · 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%

3 of 3 wells

With a plug date

66.7%

2 of 3 wells

Median depth

9,469 ft

3 wells filed one

Completion to plug

11.7 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

266.7%

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

266.7%

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 8,200 and 10,305 ft, median 9,469 ft, over the 3 wells that filed a depth.

Completions filed

May 1983 – Dec 2008

3 of 3 wells

Plug dates filed

Dec 1986 – Jul 2004

2 of 3 wells; 1 filed none

Last completion to plug: a median of 11.7 years across the 2 wells that filed both dates, with the middle half between 6.9 years and 16.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-29531486	3	8,200 ft	Dec 2008	—	Yes
42-29530181	1700	9,469 ft	Oct 1984	Dec 1986	Yes
42-29531284	2	10,305 ft	May 1983	Jul 2004	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 (261)

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

261 months


Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
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	760	4,660	37.10	5.98	$56,049
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	126	0	110.31	10.45	$13,899
Mar 2008	0	140	101.90	9.66	$1,353
Feb 2008	0	220	92.53	8.77	$1,930
Jan 2008	0	276	90.38	8.21	$2,265
Dec 2007	0	53	88.33	7.30	$387
Nov 2007	164	369	91.67	7.29	$17,725
Oct 2007	198	414	82.85	6.92	$19,270
Sep 2007	0	152	75.84	6.24	$949
Aug 2007	0	187	69.06	6.39	$1,195
Jul 2007	0	256	70.90	6.39	$1,635
Jun 2007	0	15	62.00	7.55	$113
May 2007	0	131	58.74	7.85	$1,028
Apr 2007	0	132	59.61	7.81	$1,030
Mar 2007	0	159	56.92	7.30	$1,161
Feb 2007	0	112	55.10	8.22	$920
Jan 2007	0	242	50.30	6.73	$1,628
Dec 2006	0	262	56.65	6.92	$1,813
Nov 2006	203	488	54.20	7.62	$14,720
Oct 2006	0	698	54.90	6.01	$4,198
Sep 2006	0	546	60.08	5.04	$2,750
Aug 2006	0	574	68.71	7.34	$4,213
Jul 2006	0	553	69.37	6.34	$3,508
Jun 2006	0	655	66.28	6.38	$4,181
May 2006	188	179	66.01	6.42	$13,560
Apr 2006	0	245	64.39	7.36	$1,803
Mar 2006	0	302	56.70	7.08	$2,139
Feb 2006	194	234	57.59	7.75	$12,986
Jan 2006	0	336	60.59	8.93	$3,002
Dec 2005	0	341	54.94	13.42	$4,575
Nov 2005	0	354	54.69	10.59	$3,748
Oct 2005	199	414	58.34	13.80	$17,321
Sep 2005	0	355	61.45	12.08	$4,288
Aug 2005	0	368	61.51	9.80	$3,605
Jul 2005	202	369	55.69	7.84	$14,144
Jun 2005	0	374	52.33	7.38	$2,761
May 2005	0	345	45.22	6.65	$2,295
Apr 2005	205	365	49.20	7.36	$12,773
Mar 2005	0	367	50.37	7.15	$2,626
Feb 2005	0	341	45.22	6.31	$2,152
Jan 2005	0	398	43.16	6.32	$2,516
Dec 2004	151	318	39.86	6.75	$8,166
Nov 2004	0	388	45.28	6.33	$2,456
Oct 2004	0	339	49.70	6.52	$2,209
Sep 2004	195	303	43.24	5.28	$10,033
Aug 2004	0	315	42.37	5.55	$1,748
Jul 2004	0	320	38.28	6.08	$1,947
Jun 2004	0	293	36.10	6.43	$1,885
May 2004	0	303	37.48	6.49	$1,968
Apr 2004	193	316	34.47	5.86	$8,504
Mar 2004	0	164	34.36	5.53	$907
Feb 2004	0	168	32.45	5.51	$926
Jan 2004	0	442	32.03	6.30	$2,784
Dec 2003	0	414	30.26	6.30	$2,609
Nov 2003	192	390	28.80	4.60	$7,322
Oct 2003	0	403	28.17	4.76	$1,918
Sep 2003	0	416	26.31	4.75	$1,976
Aug 2003	201	379	29.76	5.13	$7,926
Jul 2003	0	432	29.41	5.17	$2,234
Jun 2003	0	374	28.56	5.98	$2,238
May 2003	197	426	26.59	5.97	$7,783
Apr 2003	0	403	26.67	5.41	$2,179
Mar 2003	0	404	31.14	6.10	$2,463
Feb 2003	0	382	33.48	7.93	$3,028
Jan 2003	185	322	30.31	5.58	$7,405
Dec 2002	0	436	26.91	4.85	$2,116
Nov 2002	0	316	24.66	4.14	$1,307
Oct 2002	0	360	26.46	4.23	$1,522
Sep 2002	198	274	27.44	3.64	$6,429
Aug 2002	0	456	25.96	3.16	$1,443
Jul 2002	0	389	24.58	3.06	$1,191
Jun 2002	0	311	23.73	3.34	$1,038
May 2002	0	395	24.66	3.58	$1,416
Apr 2002	197	250	23.65	3.51	$5,537
Mar 2002	0	527	22.00	3.10	$1,635
Feb 2002	211	413	18.22	2.38	$4,826
Jan 2002	0	461	17.17	2.38	$1,095
Dec 2001	0	475	16.93	2.36	$1,123
Nov 2001	195	505	18.07	2.41	$4,738
Oct 2001	0	517	19.78	2.53	$1,307
Sep 2001	183	484	24.26	2.25	$5,529
Aug 2001	0	503	24.87	3.05	$1,536
Jul 2001	0	490	23.93	3.20	$1,567
Jun 2001	171	444	24.56	3.82	$5,898
May 2001	0	531	25.52	4.31	$2,287
Apr 2001	191	420	24.68	5.34	$6,955
Mar 2001	0	427	24.54	5.38	$2,296
Feb 2001	201	390	27.75	5.77	$7,827
Jan 2001	0	514	27.47	8.40	$4,317
Dec 2000	194	523	26.88	9.12	$9,986
Nov 2000	0	539	32.21	5.66	$3,050
Oct 2000	198	470	31.23	5.15	$8,602
Sep 2000	0	418	31.87	5.19	$2,168
Aug 2000	0	475	29.64	4.54	$2,157
Jul 2000	193	443	28.53	4.09	$7,318
Jun 2000	0	271	29.30	4.40	$1,192
May 2000	0	304	27.26	3.68	$1,119
Apr 2000	0	457	24.51	3.12	$1,424
Mar 2000	167	317	28.42	2.86	$5,653
Feb 2000	0	654	27.62	2.73	$1,783
Jan 2000	213	725	25.27	2.48	$7,181
Dec 1999	0	745	24.28	2.42	$1,806
Nov 1999	213	730	23.19	2.43	$6,716
Oct 1999	213	768	20.98	2.80	$6,622
Sep 1999	0	824	21.75	2.62	$2,158
Aug 1999	186	1,555	19.26	2.88	$8,054
Jul 1999	185	1,024	17.89	2.37	$5,739
Jun 1999	0	1,288	15.94	2.36	$3,042
May 1999	194	250	15.79	2.32	$3,644
Apr 1999	213	317	15.10	2.21	$3,916
Mar 1999	0	776	12.47	1.84	$1,427
Feb 1999	92	1,213	9.98	1.82	$3,123
Jan 1999	469	1,348	10.38	1.90	$7,429
Dec 1998	0	996	9.20	1.77	$1,766
Nov 1998	424	839	10.89	2.19	$6,451
Oct 1998	0	941	12.42	1.97	$1,853
Sep 1998	0	634	12.59	2.08	$1,320
Aug 1998	392	748	11.30	1.91	$5,856
Jul 1998	0	888	11.74	2.24	$1,987
Jun 1998	0	1,051	11.24	2.24	$2,351
May 1998	203	1,156	12.62	2.21	$5,112
Apr 1998	192	955	13.04	2.51	$4,896
Mar 1998	207	1,547	12.80	2.31	$6,222
Feb 1998	0	897	13.95	2.30	$2,062
Jan 1998	397	1,620	14.70	2.15	$9,327
Dec 1997	192	1,119	16.32	2.41	$5,831
Nov 1997	0	1,154	18.19	3.09	$3,564
Oct 1997	198	2,169	19.25	3.15	$10,643
Sep 1997	195	1,217	17.74	2.95	$7,055
Aug 1997	384	1,382	17.86	2.55	$10,389
Jul 1997	197	1,587	17.58	2.25	$7,029
Jun 1997	207	1,077	17.24	2.26	$6,000
May 1997	196	957	18.97	2.31	$5,927
Apr 1997	201	1,029	17.88	2.08	$5,737
Mar 1997	207	1,028	18.95	1.94	$5,916
Feb 1997	0	928	20.49	2.21	$2,047
Jan 1997	385	1,134	23.48	3.54	$13,054
Dec 1996	202	951	23.32	—	$4,711
Nov 1996	198	983	21.97	—	$4,350
Oct 1996	199	1,062	23.31	—	$4,639
Sep 1996	405	1,035	22.22	—	$8,999
Aug 1996	0	1,114	20.26	—	$0
Jul 1996	315	1,067	19.55	—	$6,158
Jun 1996	192	1,073	18.73	—	$3,596
May 1996	406	1,153	19.43	—	$7,889
Apr 1996	411	1,230	21.51	—	$8,841
Mar 1996	182	1,225	19.38	—	$3,527
Feb 1996	0	591	16.98	—	$0
Jan 1996	208	599	17.07	—	$3,551
Dec 1995	0	911	17.19	—	$0
Nov 1995	0	918	16.00	—	$0
Oct 1995	196	999	15.43	—	$3,024
Sep 1995	0	740	16.18	—	$0
Aug 1995	200	938	15.92	—	$3,184
Jul 1995	0	693	15.24	—	$0
Jun 1995	200	779	16.41	—	$3,282
May 1995	0	747	17.56	—	$0
Apr 1995	207	998	17.73	—	$3,670
Mar 1995	0	975	16.44	—	$0
Feb 1995	197	910	16.58	—	$3,266
Jan 1995	0	961	15.92	—	$0
Dec 1994	187	1,023	15.03	—	$2,811
Nov 1994	0	1,049	15.90	—	$0
Oct 1994	197	1,041	15.58	—	$3,069
Sep 1994	0	668	15.29	—	$0
Aug 1994	183	616	16.13	—	$2,952
Jul 1994	0	743	17.56	—	$0
Jun 1994	182	626	17.09	—	$3,110
May 1994	0	531	15.88	—	$0
Apr 1994	180	167	14.14	—	$2,545
Mar 1994	0	173	12.46	—	$0
Feb 1994	368	675	12.50	—	$4,600
Jan 1994	0	1,165	12.66	—	$0
Dec 1993	370	1,102	12.33	—	$4,562
Nov 1993	0	826	14.49	—	$0
Oct 1993	364	1,054	15.85	—	$5,769
Sep 1993	0	921	15.03	—	$0
Aug 1993	183	955	15.66	—	$2,866
Jul 1993	182	922	15.46	—	$2,814
Jun 1993	362	894	16.79	—	$6,078
May 1993	183	396	17.68	—	$3,235
Apr 1993	0	1,037	18.05	—	$0
Mar 1993	364	937	18.14	—	$6,603
Feb 1993	187	776	17.90	—	$3,347
Jan 1993	0	975	16.93	—	$0

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.

Dec 2008 — as filed, then multipliedworked

Oil                  760 bbl  × $ 37.10 =    $28,196
Casinghead gas     4,660 Mcf  × $  5.98 =    $27,853

────────────────────────────────────────────────────
Month total                                  $56,049

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/5411 is the state's own key, not one this site invented.