STEP

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

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 5631District 10Field 68873001NGPA filingOilCasinghead gasSave Export

Value, all time

$369 k

Jan 1993 – Feb 2007

Value, last 12 filed months

at the published price for each month

Months reported

170

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	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	18,661 bbl	$343,811
Casinghead gas	Production	17,110 Mcf	$25,116
Total			$368,927

8,440 Mcf of this lease's gas, across 47 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 35.3657, -101.0392. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.36567, -101.03915 · 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

100.0%

1 of 1 wells

Median depth

3,252 ft

1 wells filed one

Completion to plug

18.8 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 3,252 ft.

Completions filed

Nov 1983

1 of 1 wells

Plug dates filed

Aug 2002

1 of 1 wells

Last completion to plug: a median of 18.8 years across the 1 well that filed both dates, with the middle half between 18.8 years and 18.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-17931545	3	3,252 ft	Nov 1983	Aug 2002	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 (170)

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

170 months


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	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	179	0	26.46	4.23	$4,736
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	4	24.66	3.58	$14
Apr 2002	0	6	23.65	3.51	$21
Mar 2002	0	6	22.00	3.10	$19
Feb 2002	0	2	18.22	2.38	$5
Jan 2002	0	40	17.17	2.38	$95
Dec 2001	175	97	16.93	2.36	$3,192
Nov 2001	195	129	18.07	2.41	$3,834
Oct 2001	188	106	19.78	2.53	$3,987
Sep 2001	0	107	24.26	2.25	$241
Aug 2001	192	98	24.87	3.05	$5,074
Jul 2001	0	83	23.93	3.20	$265
Jun 2001	190	110	24.56	3.82	$5,087
May 2001	189	109	25.52	4.31	$5,293
Apr 2001	190	119	24.68	5.34	$5,324
Mar 2001	0	112	24.54	5.38	$602
Feb 2001	384	112	27.75	5.77	$11,302
Jan 2001	0	113	27.47	8.40	$949
Dec 2000	0	91	26.88	9.12	$830
Nov 2000	147	112	32.21	5.66	$5,369
Oct 2000	193	109	31.23	5.15	$6,588
Sep 2000	187	117	31.87	5.19	$6,567
Aug 2000	191	102	29.64	4.54	$6,124
Jul 2000	0	100	28.53	4.09	$409
Jun 2000	198	100	29.30	4.40	$6,241
May 2000	149	120	27.26	3.68	$4,503
Apr 2000	193	117	24.51	3.12	$5,095
Mar 2000	189	130	28.42	2.86	$5,743
Feb 2000	0	133	27.62	2.73	$363
Jan 2000	193	143	25.27	2.48	$5,232
Dec 1999	201	131	24.28	2.42	$5,198
Nov 1999	191	156	23.19	2.43	$4,809
Oct 1999	379	163	20.98	2.80	$8,408
Sep 1999	195	160	21.75	2.62	$4,660
Aug 1999	309	157	19.26	2.88	$6,403
Jul 1999	197	162	17.89	2.37	$3,909
Jun 1999	0	148	15.94	2.36	$350
May 1999	165	85	15.79	2.32	$2,803
Apr 1999	186	140	15.10	2.21	$3,118
Mar 1999	162	160	12.47	1.84	$2,314
Feb 1999	0	126	9.98	1.82	$229
Jan 1999	154	163	10.38	1.90	$1,908
Dec 1998	173	171	9.20	1.77	$1,895
Nov 1998	172	138	10.89	2.19	$2,175
Oct 1998	163	154	12.42	1.97	$2,328
Sep 1998	182	150	12.59	2.08	$2,604
Aug 1998	168	156	11.30	1.91	$2,196
Jul 1998	161	158	11.74	2.24	$2,244
Jun 1998	160	145	11.24	2.24	$2,123
May 1998	183	180	12.62	2.21	$2,707
Apr 1998	154	177	13.04	2.51	$2,452
Mar 1998	174	181	12.80	2.31	$2,645
Feb 1998	191	169	13.95	2.30	$3,053
Jan 1998	149	211	14.70	2.15	$2,645
Dec 1997	129	239	16.32	2.41	$2,682
Nov 1997	190	170	18.19	3.09	$3,981
Oct 1997	187	191	19.25	3.15	$4,201
Sep 1997	176	186	17.74	2.95	$3,672
Aug 1997	157	214	17.86	2.55	$3,351
Jul 1997	339	221	17.58	2.25	$6,456
Jun 1997	167	214	17.24	2.26	$3,362
May 1997	192	240	18.97	2.31	$4,196
Apr 1997	172	165	17.88	2.08	$3,419
Mar 1997	340	321	18.95	1.94	$7,065
Feb 1997	0	39	20.49	2.21	$86
Jan 1997	0	2	23.48	3.54	$7
Dec 1996	149	74	23.32	—	$3,475
Nov 1996	0	164	21.97	—	$0
Oct 1996	361	209	23.31	—	$8,415
Sep 1996	171	267	22.22	—	$3,800
Aug 1996	0	2	20.26	—	$0
Jul 1996	0	86	19.55	—	$0
Jun 1996	177	143	18.73	—	$3,315
May 1996	166	157	19.43	—	$3,225
Apr 1996	353	155	21.51	—	$7,593
Mar 1996	163	153	19.38	—	$3,159
Feb 1996	162	155	16.98	—	$2,751
Jan 1996	169	176	17.07	—	$2,885
Dec 1995	164	147	17.19	—	$2,819
Nov 1995	162	183	16.00	—	$2,592
Oct 1995	158	166	15.43	—	$2,438
Sep 1995	163	207	16.18	—	$2,637
Aug 1995	347	222	15.92	—	$5,524
Jul 1995	183	215	15.24	—	$2,789
Jun 1995	167	215	16.41	—	$2,740
May 1995	170	157	17.56	—	$2,985
Apr 1995	189	110	17.73	—	$3,351
Mar 1995	155	208	16.44	—	$2,548
Feb 1995	175	185	16.58	—	$2,902
Jan 1995	341	220	15.92	—	$5,429
Dec 1994	179	191	15.03	—	$2,690
Nov 1994	0	0	15.90	—	$0
Oct 1994	172	181	15.58	—	$2,680
Sep 1994	150	206	15.29	—	$2,294
Aug 1994	258	217	16.13	—	$4,162
Jul 1994	309	214	17.56	—	$5,426
Jun 1994	0	185	17.09	—	$0
May 1994	335	195	15.88	—	$5,320
Apr 1994	166	172	14.14	—	$2,347
Mar 1994	169	182	12.46	—	$2,106
Feb 1994	241	185	12.50	—	$3,013
Jan 1994	276	166	12.66	—	$3,494
Dec 1993	115	203	12.33	—	$1,418
Nov 1993	319	172	14.49	—	$4,622
Oct 1993	118	208	15.85	—	$1,870
Sep 1993	312	187	15.03	—	$4,689
Aug 1993	246	224	15.66	—	$3,852
Jul 1993	167	182	15.46	—	$2,582
Jun 1993	81	190	16.79	—	$1,360
May 1993	283	192	17.68	—	$5,003
Apr 1993	225	179	18.05	—	$4,061
Mar 1993	341	198	18.14	—	$6,186
Feb 1993	0	208	17.90	—	$0
Jan 1993	214	227	16.93	—	$3,623

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 2002 — as filed, then multipliedworked

Oil                  179 bbl  × $ 26.46 =     $4,736
Casinghead gas         0 Mcf  × $  4.23 =         $0

────────────────────────────────────────────────────
Month total                                   $4,736

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/5631 is the state's own key, not one this site invented.