OLYMPUS

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

Operated by MCGEE, TOM CORPORATION (P-5 549380) in the DARDEN (MORROW UPPER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5587District 10Field 23105500NGPA filingOilCasinghead gasSave Export

Value, all time

$532 k

Jan 1993 – Dec 2007

Value, last 12 filed months

$16 k

at the published price for each month

Months reported

180

no gaps in the span

Streams

oil, casinghead gas

The DARDEN (MORROW UPPER) 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 17 leases and 23 wells, and the rule below applies to all of them.

Discovered

1982-09-03

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2002-03-01.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 08/01/2002.”

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	2,440 bbl	$66,906
Casinghead gas	Production	137,862 Mcf	$465,219
Total			$532,125

35,452 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 36.4250, -100.2559. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.42495, -100.25595 · 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

8,700 ft

1 wells filed one

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.

How deep they were drilled

The one well that filed a depth was drilled to 8,700 ft.

Completions filed

Aug 2006

1 of 1 wells

1 well


42-29531374	1	8,700 ft	Aug 2006	—	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 (180)

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

180 months


Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	190	0	82.85	6.92	$15,742
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	953	69.37	6.34	$6,045
Jun 2006	0	941	66.28	6.38	$6,007
May 2006	0	732	66.01	6.42	$4,703
Apr 2006	0	752	64.39	7.36	$5,535
Mar 2006	0	801	56.70	7.08	$5,673
Feb 2006	0	748	57.59	7.75	$5,798
Jan 2006	0	847	60.59	8.93	$7,567
Dec 2005	0	847	54.94	13.42	$11,363
Nov 2005	0	846	54.69	10.59	$8,958
Oct 2005	0	886	58.34	13.80	$12,223
Sep 2005	0	863	61.45	12.08	$10,424
Aug 2005	0	869	61.51	9.80	$8,513
Jul 2005	0	882	55.69	7.84	$6,918
Jun 2005	0	888	52.33	7.38	$6,554
May 2005	0	799	45.22	6.65	$5,314
Apr 2005	194	906	49.20	7.36	$16,213
Mar 2005	0	839	50.37	7.15	$6,003
Feb 2005	0	804	45.22	6.31	$5,075
Jan 2005	0	877	43.16	6.32	$5,545
Dec 2004	0	928	39.86	6.75	$6,265
Nov 2004	0	889	45.28	6.33	$5,628
Oct 2004	0	924	49.70	6.52	$6,020
Sep 2004	0	902	43.24	5.28	$4,766
Aug 2004	0	935	42.37	5.55	$5,190
Jul 2004	0	936	38.28	6.08	$5,695
Jun 2004	0	908	36.10	6.43	$5,841
May 2004	0	947	37.48	6.49	$6,150
Apr 2004	0	902	34.47	5.86	$5,284
Mar 2004	0	937	34.36	5.53	$5,182
Feb 2004	0	866	32.45	5.51	$4,771
Jan 2004	0	903	32.03	6.30	$5,689
Dec 2003	0	952	30.26	6.30	$5,999
Nov 2003	0	914	28.80	4.60	$4,200
Oct 2003	0	954	28.17	4.76	$4,541
Sep 2003	0	916	26.31	4.75	$4,350
Aug 2003	0	958	29.76	5.13	$4,914
Jul 2003	0	985	29.41	5.17	$5,093
Jun 2003	0	947	28.56	5.98	$5,666
May 2003	0	979	26.59	5.97	$5,847
Apr 2003	0	972	26.67	5.41	$5,256
Mar 2003	177	1,020	31.14	6.10	$11,730
Feb 2003	0	1,016	33.48	7.93	$8,053
Jan 2003	0	950	30.31	5.58	$5,303
Dec 2002	0	929	26.91	4.85	$4,509
Nov 2002	0	967	24.66	4.14	$4,000
Oct 2002	0	920	26.46	4.23	$3,891
Sep 2002	0	881	27.44	3.64	$3,203
Aug 2002	0	749	25.96	3.16	$2,370
Jul 2002	0	930	24.58	3.06	$2,847
Jun 2002	0	906	23.73	3.34	$3,024
May 2002	0	946	24.66	3.58	$3,390
Apr 2002	0	888	23.65	3.51	$3,119
Mar 2002	0	899	22.00	3.10	$2,789
Feb 2002	0	822	18.22	2.38	$1,953
Jan 2002	0	908	17.17	2.38	$2,157
Dec 2001	0	975	16.93	2.36	$2,305
Nov 2001	191	933	18.07	2.41	$5,696
Oct 2001	0	895	19.78	2.53	$2,263
Sep 2001	0	860	24.26	2.25	$1,936
Aug 2001	0	849	24.87	3.05	$2,592
Jul 2001	0	853	23.93	3.20	$2,727
Jun 2001	0	872	24.56	3.82	$3,335
May 2001	0	881	25.52	4.31	$3,795
Apr 2001	0	732	24.68	5.34	$3,905
Mar 2001	0	518	24.54	5.38	$2,785
Feb 2001	0	717	27.75	5.77	$4,135
Jan 2001	0	848	27.47	8.40	$7,122
Dec 2000	0	840	26.88	9.12	$7,663
Nov 2000	0	805	32.21	5.66	$4,555
Oct 2000	0	843	31.23	5.15	$4,338
Sep 2000	0	851	31.87	5.19	$4,414
Aug 2000	142	865	29.64	4.54	$8,137
Jul 2000	182	901	28.53	4.09	$8,877
Jun 2000	0	834	29.30	4.40	$3,667
May 2000	0	719	27.26	3.68	$2,646
Apr 2000	0	1,013	24.51	3.12	$3,157
Mar 2000	0	1,044	28.42	2.86	$2,986
Feb 2000	0	1,020	27.62	2.73	$2,781
Jan 2000	0	1,133	25.27	2.48	$2,810
Dec 1999	0	1,065	24.28	2.42	$2,581
Nov 1999	0	996	23.19	2.43	$2,424
Oct 1999	0	846	20.98	2.80	$2,372
Sep 1999	0	834	21.75	2.62	$2,184
Aug 1999	0	902	19.26	2.88	$2,594
Jul 1999	0	838	17.89	2.37	$1,988
Jun 1999	0	949	15.94	2.36	$2,242
May 1999	431	974	15.79	2.32	$9,066
Apr 1999	0	919	15.10	2.21	$2,029
Mar 1999	0	977	12.47	1.84	$1,796
Feb 1999	0	870	9.98	1.82	$1,581
Jan 1999	0	978	10.38	1.90	$1,858
Dec 1998	0	972	9.20	1.77	$1,724
Nov 1998	0	949	10.89	2.19	$2,074
Oct 1998	0	986	12.42	1.97	$1,942
Sep 1998	0	970	12.59	2.08	$2,020
Aug 1998	0	990	11.30	1.91	$1,888
Jul 1998	0	979	11.74	2.24	$2,190
Jun 1998	0	960	11.24	2.24	$2,148
May 1998	0	977	12.62	2.21	$2,156
Apr 1998	0	965	13.04	2.51	$2,418
Mar 1998	0	1,046	12.80	2.31	$2,416
Feb 1998	0	851	13.95	2.30	$1,957
Jan 1998	0	853	14.70	2.15	$1,838
Dec 1997	0	842	16.32	2.41	$2,030
Nov 1997	0	811	18.19	3.09	$2,505
Oct 1997	0	853	19.25	3.15	$2,687
Sep 1997	0	842	17.74	2.95	$2,488
Aug 1997	0	878	17.86	2.55	$2,243
Jul 1997	0	844	17.58	2.25	$1,896
Jun 1997	0	676	17.24	2.26	$1,526
May 1997	0	798	18.97	2.31	$1,842
Apr 1997	0	767	17.88	2.08	$1,597
Mar 1997	0	790	18.95	1.94	$1,532
Feb 1997	0	706	20.49	2.21	$1,557
Jan 1997	0	791	23.48	3.54	$2,800
Dec 1996	0	805	23.32	—	$0
Nov 1996	0	826	21.97	—	$0
Oct 1996	193	822	23.31	—	$4,499
Sep 1996	0	762	22.22	—	$0
Aug 1996	0	819	20.26	—	$0
Jul 1996	0	843	19.55	—	$0
Jun 1996	0	822	18.73	—	$0
May 1996	0	863	19.43	—	$0
Apr 1996	0	856	21.51	—	$0
Mar 1996	0	816	19.38	—	$0
Feb 1996	0	763	16.98	—	$0
Jan 1996	0	594	17.07	—	$0
Dec 1995	0	654	17.19	—	$0
Nov 1995	0	676	16.00	—	$0
Oct 1995	195	828	15.43	—	$3,009
Sep 1995	0	922	16.18	—	$0
Aug 1995	0	313	15.92	—	$0
Jul 1995	0	638	15.24	—	$0
Jun 1995	0	552	16.41	—	$0
May 1995	0	549	17.56	—	$0
Apr 1995	0	640	17.73	—	$0
Mar 1995	0	776	16.44	—	$0
Feb 1995	0	539	16.58	—	$0
Jan 1995	0	573	15.92	—	$0
Dec 1994	0	730	15.03	—	$0
Nov 1994	0	880	15.90	—	$0
Oct 1994	0	731	15.58	—	$0
Sep 1994	179	772	15.29	—	$2,737
Aug 1994	0	847	16.13	—	$0
Jul 1994	0	879	17.56	—	$0
Jun 1994	0	831	17.09	—	$0
May 1994	185	808	15.88	—	$2,938
Apr 1994	0	712	14.14	—	$0
Mar 1994	0	725	12.46	—	$0
Feb 1994	0	633	12.50	—	$0
Jan 1994	0	734	12.66	—	$0
Dec 1993	0	715	12.33	—	$0
Nov 1993	0	744	14.49	—	$0
Oct 1993	0	869	15.85	—	$0
Sep 1993	0	763	15.03	—	$0
Aug 1993	0	663	15.66	—	$0
Jul 1993	0	763	15.46	—	$0
Jun 1993	0	700	16.79	—	$0
May 1993	0	727	17.68	—	$0
Apr 1993	181	594	18.05	—	$3,267
Mar 1993	0	697	18.14	—	$0
Feb 1993	0	648	17.90	—	$0
Jan 1993	0	1,036	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.

Oct 2007 — as filed, then multipliedworked

Oil                  190 bbl  × $ 82.85 =    $15,742
Casinghead gas         0 Mcf  × $  6.92 =         $0

────────────────────────────────────────────────────
Month total                                  $15,742

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/5587 is the state's own key, not one this site invented.