SNEED SEC. #3

Name: SNEED SEC. #3 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BIRD CREEK RESOURCES, INC. (P-5 71349) in the PANHANDLE (RED CAVE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 6414District 10Field 68825800OilCasinghead gasSave Export

Value, all time

$485 k

Jan 1993 – Nov 2002

Value, last 12 filed months

$12 k

at the published price for each month

Months reported

119

no gaps in the span

Streams

oil, casinghead gas

The PANHANDLE (RED CAVE) 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 114 leases and 1,481 wells, and the rule below applies to all of them.

Discovered

1960-10-11

as the register files it

Field class

Oil

the register's own label

Between wells

330 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 1985-04-15.

The Commission's schedule remark for this field reads: “10 ACRES UNITS W/DIAG OF 1100 AND ALLOW OF 53”

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	24,553 bbl	$446,483
Casinghead gas	Production	30,591 Mcf	$38,746
Total			$485,229

14,851 Mcf of this lease's gas, across 44 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 (16)

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 35.6483, -101.8755. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

35.64762, -101.87491 · 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

6.3%

1 of 16 wells

With a plug date

6.3%

1 of 16 wells

Median depth

2,150 ft

14 wells filed one

Completion to plug

45.1 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

16.3%

A plug date is filed

16.3%

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

16.3%

NeitherNo plug date, and not on the schedule.

1593.8%

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

Total depth in feet, 14 of 16 wells. Median 2,150 ft, with the middle half between 2,143 and 2,159 ft; the shallowest is 2,076 ft and the deepest 2,170 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 16 of 16 wells, Aug 1980 – Jun 1986. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Aug 1980 – Jun 1986

16 of 16 wells

Plug dates filed

Nov 2025

1 of 16 wells; 15 filed none

Last completion to plug: a median of 45.1 years across the 1 well that filed both dates, with the middle half between 45.1 years and 45.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

16 wells


42-34131919	3025	2,076 ft	Jun 1986	—	—
42-34130639	3030	2,127 ft	Mar 1981	—	—
42-34130631	3029	2,160 ft	Jan 1981	—	—
42-34130611	3018	2,160 ft	Jan 1981	—	—
42-34130629	3035	2,160 ft	Jan 1981	—	—
42-34130622	3021	2,151 ft	Nov 1980	—	—
42-34130614	3024	2,155 ft	Nov 1980	—	—
42-34130615	3028	2,140 ft	Oct 1980	—	—
42-34130608	3033	2,150 ft	Oct 1980	Nov 2025	Yes
42-34130609	3026	2,126 ft	Oct 1980	—	—
42-34130613	3034	2,170 ft	Oct 1980	—	—
42-34130603	3022	2,150 ft	Sep 1980	—	—
42-34130606	3019	—	Sep 1980	—	—
42-34130607	3027	—	Sep 1980	—	—
42-34130601	3020	2,150 ft	Aug 1980	—	—
42-34130604	3023	2,150 ft	Aug 1980	—	—

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 (119)

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

119 months


Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	237	0	25.96	3.16	$6,153
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	178	0	22.00	3.10	$3,916
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	99	0	17.17	2.38	$1,700
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	310	0	18.07	2.41	$5,602
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	175	0	24.87	3.05	$4,352
Jul 2001	185	33	23.93	3.20	$4,533
Jun 2001	174	0	24.56	3.82	$4,273
May 2001	361	0	25.52	4.31	$9,213
Apr 2001	344	0	24.68	5.34	$8,490
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	481	0	27.75	5.77	$13,348
Jan 2001	167	0	27.47	8.40	$4,587
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	127	32.21	5.66	$719
Oct 2000	277	48	31.23	5.15	$8,898
Sep 2000	154	0	31.87	5.19	$4,908
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	168	267	29.30	4.40	$6,096
May 2000	174	281	27.26	3.68	$5,777
Apr 2000	0	352	24.51	3.12	$1,097
Mar 2000	132	453	28.42	2.86	$5,047
Feb 2000	0	474	27.62	2.73	$1,292
Jan 2000	186	389	25.27	2.48	$5,665
Dec 1999	168	373	24.28	2.42	$4,983
Nov 1999	0	558	23.19	2.43	$1,358
Oct 1999	335	613	20.98	2.80	$8,747
Sep 1999	0	521	21.75	2.62	$1,364
Aug 1999	184	518	19.26	2.88	$5,033
Jul 1999	360	0	17.89	2.37	$6,440
Jun 1999	178	0	15.94	2.36	$2,837
May 1999	0	0	15.79	2.32	$0
Apr 1999	160	0	15.10	2.21	$2,416
Mar 1999	165	0	12.47	1.84	$2,058
Feb 1999	159	0	9.98	1.82	$1,587
Jan 1999	150	479	10.38	1.90	$2,467
Dec 1998	0	419	9.20	1.77	$743
Nov 1998	297	424	10.89	2.19	$4,161
Oct 1998	456	800	12.42	1.97	$7,239
Sep 1998	126	476	12.59	2.08	$2,578
Aug 1998	139	802	11.30	1.91	$3,100
Jul 1998	0	682	11.74	2.24	$1,526
Jun 1998	102	782	11.24	2.24	$2,896
May 1998	487	835	12.62	2.21	$7,988
Apr 1998	171	654	13.04	2.51	$3,868
Mar 1998	448	494	12.80	2.31	$6,875
Feb 1998	136	270	13.95	2.30	$2,518
Jan 1998	407	0	14.70	2.15	$5,983
Dec 1997	253	0	16.32	2.41	$4,129
Nov 1997	53	0	18.19	3.09	$964
Oct 1997	76	231	19.25	3.15	$2,191
Sep 1997	640	260	17.74	2.95	$12,122
Aug 1997	104	124	17.86	2.55	$2,174
Jul 1997	311	397	17.58	2.25	$6,359
Jun 1997	302	509	17.24	2.26	$6,355
May 1997	284	7	18.97	2.31	$5,404
Apr 1997	162	406	17.88	2.08	$3,742
Mar 1997	334	669	18.95	1.94	$7,627
Feb 1997	292	607	20.49	2.21	$7,322
Jan 1997	303	406	23.48	3.54	$8,552
Dec 1996	119	405	23.32	—	$2,775
Nov 1996	610	442	21.97	—	$13,402
Oct 1996	326	754	23.31	—	$7,599
Sep 1996	160	551	22.22	—	$3,555
Aug 1996	248	431	20.26	—	$5,024
Jul 1996	475	743	19.55	—	$9,286
Jun 1996	121	630	18.73	—	$2,266
May 1996	424	483	19.43	—	$8,238
Apr 1996	284	572	21.51	—	$6,109
Mar 1996	645	505	19.38	—	$12,500
Feb 1996	535	638	16.98	—	$9,084
Jan 1996	244	642	17.07	—	$4,165
Dec 1995	671	631	17.19	—	$11,534
Nov 1995	539	1,043	16.00	—	$8,624
Oct 1995	469	506	15.43	—	$7,237
Sep 1995	340	634	16.18	—	$5,501
Aug 1995	278	514	15.92	—	$4,426
Jul 1995	338	245	15.24	—	$5,151
Jun 1995	502	0	16.41	—	$8,238
May 1995	168	0	17.56	—	$2,950
Apr 1995	0	0	17.73	—	$0
Mar 1995	0	0	16.44	—	$0
Feb 1995	106	1	16.58	—	$1,757
Jan 1995	119	222	15.92	—	$1,894
Dec 1994	101	528	15.03	—	$1,518
Nov 1994	149	580	15.90	—	$2,369
Oct 1994	0	368	15.58	—	$0
Sep 1994	189	601	15.29	—	$2,890
Aug 1994	338	502	16.13	—	$5,452
Jul 1994	174	1,027	17.56	—	$3,055
Jun 1994	94	551	17.09	—	$1,606
May 1994	658	62	15.88	—	$10,449
Apr 1994	0	25	14.14	—	$0
Mar 1994	181	1	12.46	—	$2,255
Feb 1994	359	1	12.50	—	$4,488
Jan 1994	191	1	12.66	—	$2,418
Dec 1993	181	1	12.33	—	$2,232
Nov 1993	343	1	14.49	—	$4,970
Oct 1993	0	1	15.85	—	$0
Sep 1993	354	1	15.03	—	$5,321
Aug 1993	283	1	15.66	—	$4,432
Jul 1993	358	1	15.46	—	$5,535
Jun 1993	176	1	16.79	—	$2,955
May 1993	353	1	17.68	—	$6,241
Apr 1993	278	1	18.05	—	$5,018
Mar 1993	192	1	18.14	—	$3,483
Feb 1993	169	1	17.90	—	$3,025
Jan 1993	167	1	16.93	—	$2,827

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.

Aug 2002 — as filed, then multipliedworked

Oil                  237 bbl  × $ 25.96 =     $6,153
Casinghead gas         0 Mcf  × $  3.16 =         $0

────────────────────────────────────────────────────
Month total                                   $6,153

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/6414 is the state's own key, not one this site invented.