DIAL "A'

Operated by SNW OPERATING COMPANY (P-5 799856) in the PANHANDLE HUTCHINSON COUNTY FLD. field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5678District 10Field 68887001NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.5 M
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
no gaps in the span
Streams
2
oil, casinghead gas

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 918 leases and 8,177 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: SPECIAL TESTING REQUIREMENTS FOR WELLS WITH GOR GREATER THAN 5000.

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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

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.

StreamBasisVolumeValue
OilDisposition80,768 bbl$1,440,973
Casinghead gasProduction72,735 Mcf$105,244
Total$1,546,217

38,890 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 (7)

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 35.7955, -101.3552. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

35.79494, -101.35648 · centre of the wells drawn, derived

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
0.0%
0 of 7 wells
With a plug date
0.0%
0 of 7 wells
Median depth
3,010 ft
7 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
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.
7100.0%

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 3,000 and 4,514 ft, median 3,010 ft, over the 7 wells that filed a depth.

Completions filed
Feb 1984 – Oct 1991
7 of 7 wells

7 wells

42-2333196044,514 ftOct 1991
42-2333231983,000 ftFeb 1988
42-2333228773,010 ftJun 1987
42-2333219063,010 ftDec 1985
42-2333213053,010 ftJul 1985
42-2333188223,050 ftMay 1984
42-2333178013,315 ftFeb 1984

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 (183)

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

183 months

Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 200163168124.685.34$19,206
Mar 200154868324.545.38$17,120
Feb 200171163127.755.77$23,369
Jan 200153464827.478.40$20,111
Dec 200053567626.889.12$20,548
Nov 200072866232.215.66$27,194
Oct 200036750431.235.15$14,055
Sep 200036572631.875.19$15,398
Aug 200054781729.644.54$19,923
Jul 200073836528.534.09$22,548
Jun 200018936429.304.40$7,138
May 200054343527.263.68$16,403
Apr 200075790024.513.12$21,358
Mar 20007251,43628.422.86$24,711
Feb 20005201,26627.622.73$17,814
Jan 200068070325.272.48$18,927
Dec 199918144724.282.42$5,478
Nov 199951638723.192.43$12,908
Oct 199953855220.982.80$12,835
Sep 199953536521.752.62$12,592
Aug 199953550619.262.88$11,759
Jul 199972750817.892.37$14,211
Jun 199971864015.942.36$12,957
May 199936548115.792.32$6,880
Apr 199935851315.102.21$6,539
Mar 199936854112.471.84$5,584
Feb 19995205209.981.82$6,135
Jan 199954460610.381.90$6,798
Dec 19985357139.201.77$6,186
Nov 199853071310.892.19$7,330
Oct 199853271312.421.97$8,011
Sep 199887283212.592.08$12,711
Aug 199853188611.301.91$7,690
Jul 19988821,12011.742.24$12,860
Jun 199853170711.242.24$7,550
May 199868696012.622.21$10,775
Apr 199886790713.042.51$13,578
Mar 199870636212.802.31$9,873
Feb 19988901,03113.952.30$14,786
Jan 199854176414.702.15$9,599
Dec 199786982416.322.41$16,169
Nov 199772670218.193.09$15,374
Oct 199790569019.253.15$19,595
Sep 199788570117.742.95$17,771
Aug 199769164317.862.55$13,984
Jul 199790253517.582.25$17,059
Jun 199753047617.242.26$10,212
May 199772743618.972.31$14,798
Apr 199772636417.882.08$13,739
Mar 199772244018.951.94$14,535
Feb 199772843720.492.21$15,881
Jan 199770532623.483.54$17,707
Dec 199689854523.32$20,941
Nov 199654461121.97$11,952
Oct 199691076123.31$21,212
Sep 199690568822.22$20,109
Aug 199689866120.26$18,193
Jul 199690769019.55$17,732
Jun 199689057418.73$16,670
May 19961,06674819.43$20,712
Apr 19961,08778921.51$23,381
Mar 19961,08073919.38$20,930
Feb 199671860816.98$12,192
Jan 199688563617.07$15,107
Dec 19951,09272217.19$18,771
Nov 199590680616.00$14,496
Oct 19951,26485315.43$19,504
Sep 19951,07881416.18$17,442
Aug 19951,06485615.92$16,939
Jul 19951,07291915.24$16,337
Jun 19951,08084816.41$17,723
May 19951,09475417.56$19,211
Apr 19951,08782017.73$19,273
Mar 199591485616.44$15,026
Feb 199591277916.58$15,121
Jan 19951,04779215.92$16,668
Dec 19941,26783915.03$19,043
Nov 199491480415.90$14,533
Oct 19941,10197215.58$17,154
Sep 199491073415.29$13,914
Aug 19941,07777816.13$17,372
Jul 19941,09482217.56$19,211
Jun 19941,07679217.09$18,389
May 19941,09081915.88$17,309
Apr 19941,09174214.14$15,427
Mar 19941,09377012.46$13,619
Feb 199491868812.50$11,475
Jan 19941,08075012.66$13,673
Dec 199389088712.33$10,974
Nov 19931,06686714.49$15,446
Oct 19931,09985815.85$17,419
Sep 19931,10390215.03$16,578
Aug 19931,0951,06515.66$17,148
Jul 19931,1031,06915.46$17,052
Jun 19931,1031,04316.79$18,519
May 19931,1241,07317.68$19,872
Apr 19931,1201,04218.05$20,216
Mar 19939441,07218.14$17,124
Feb 199389587417.90$16,021
Jan 199387575916.93$14,814

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.

Apr 2001 — as filed, then multipliedworked
Oil                  631 bbl  × $ 24.68 =    $15,573
Casinghead gas       681 Mcf  × $  5.34 =     $3,633

────────────────────────────────────────────────────
Month total                                  $19,206

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/5678 is the state's own key, not one this site invented.