LIPS, CHARLES

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

Operated by CHESAPEAKE OPERATING, L.L.C. (P-5 147699) in the LIPS (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 6762District 10Field 53847332NGPA filingOilCasinghead gasSave Export

Value, all time

$1.1 M

Jan 1993 – Mar 2015

Value, last 12 filed months

at the published price for each month

Months reported

267

no gaps in the span

Streams

oil, casinghead gas

The LIPS (CLEVELAND) 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 37 leases and 40 wells, and the rule below applies to all of them.

Discovered

1958-02-06

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2008-05-01.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 08/01/2000.”

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	4,143 bbl	$186,263
Casinghead gas	Production	162,305 Mcf	$932,873
Total			$1,119,136

903 Mcf of this lease's gas, across 43 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 36.0165, -100.8060. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.01649, -100.80601 · 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

9,200 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 9,200 ft.

Completions filed

Sep 1990

1 of 1 wells

1 well


42-39300156	10 J	9,200 ft	Sep 1990	—	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 (267)

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

267 months


Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
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	635	104.11	3.72	$2,361
Aug 2013	0	660	104.25	3.52	$2,325
Jul 2013	0	665	102.52	3.72	$2,472
Jun 2013	0	646	94.40	3.93	$2,541
May 2013	0	688	94.83	4.15	$2,855
Apr 2013	0	669	93.96	4.28	$2,865
Mar 2013	0	703	93.62	3.91	$2,751
Feb 2013	0	643	91.23	3.42	$2,199
Jan 2013	0	716	91.60	3.42	$2,449
Dec 2012	0	723	86.77	3.42	$2,473
Nov 2012	0	712	86.95	3.62	$2,581
Oct 2012	0	746	89.38	3.40	$2,536
Sep 2012	0	724	94.67	2.92	$2,113
Aug 2012	0	740	92.66	2.91	$2,152
Jul 2012	0	738	85.13	3.02	$2,229
Jun 2012	0	742	79.82	2.52	$1,869
May 2012	0	784	91.61	2.49	$1,951
Apr 2012	0	771	101.65	2.00	$1,540
Mar 2012	0	798	105.05	2.22	$1,773
Feb 2012	0	746	101.10	2.57	$1,917
Jan 2012	0	801	98.09	2.73	$2,190
Dec 2011	0	807	96.87	3.24	$2,614
Nov 2011	0	804	95.72	3.31	$2,662
Oct 2011	0	832	84.98	3.65	$3,036
Sep 2011	0	815	83.62	3.99	$3,248
Aug 2011	0	831	83.40	4.15	$3,448
Jul 2011	0	837	94.14	4.52	$3,781
Jun 2011	0	839	92.90	4.64	$3,893
May 2011	0	873	98.13	4.40	$3,845
Apr 2011	149	854	105.96	4.33	$19,489
Mar 2011	0	865	96.36	4.06	$3,510
Feb 2011	0	744	85.64	4.18	$3,110
Jan 2011	0	804	86.50	4.59	$3,689
Dec 2010	0	801	85.73	4.35	$3,483
Nov 2010	0	756	80.84	3.80	$2,869
Oct 2010	0	970	78.10	3.51	$3,404
Sep 2010	0	1,154	72.63	3.98	$4,592
Aug 2010	0	1,178	73.68	4.42	$5,206
Jul 2010	0	1,079	72.55	4.74	$5,111
Jun 2010	0	1,153	70.36	4.91	$5,662
May 2010	141	1,318	71.12	4.24	$15,610
Apr 2010	0	1,051	81.69	4.12	$4,333
Mar 2010	0	1,170	78.39	4.39	$5,135
Feb 2010	0	1,377	73.58	5.44	$7,494
Jan 2010	148	1,234	74.36	5.96	$18,365
Dec 2009	0	1,343	71.44	5.48	$7,365
Nov 2009	0	1,310	74.59	3.75	$4,914
Oct 2009	0	1,025	72.54	4.11	$4,213
Sep 2009	0	1,190	65.54	3.06	$3,647
Aug 2009	154	1,159	67.42	3.22	$14,113
Jul 2009	0	1,078	61.13	3.46	$3,735
Jun 2009	0	1,047	66.16	3.90	$4,078
May 2009	0	1,054	54.74	3.93	$4,138
Apr 2009	0	986	46.77	3.59	$3,537
Mar 2009	0	1,071	42.14	4.06	$4,347
Feb 2009	0	909	32.81	4.63	$4,211
Jan 2009	150	1,172	35.86	5.37	$11,674
Dec 2008	0	1,147	37.10	5.98	$6,856
Nov 2008	0	743	55.49	6.86	$5,097
Oct 2008	0	1,410	75.24	6.92	$9,760
Sep 2008	0	1,053	101.76	7.88	$8,295
Aug 2008	0	1,077	114.22	8.48	$9,136
Jul 2008	0	1,161	131.08	11.39	$13,223
Jun 2008	0	1,276	131.33	13.03	$16,630
May 2008	0	638	123.17	11.57	$7,384
Apr 2008	151	920	110.31	10.45	$26,275
Mar 2008	0	1,166	101.90	9.66	$11,268
Feb 2008	0	1,145	92.53	8.77	$10,042
Jan 2008	0	1,191	90.38	8.21	$9,773
Dec 2007	0	995	88.33	7.30	$7,265
Nov 2007	0	1,387	91.67	7.29	$10,114
Oct 2007	160	993	82.85	6.92	$20,130
Sep 2007	0	1,501	75.84	6.24	$9,372
Aug 2007	0	1,397	69.06	6.39	$8,924
Jul 2007	0	1,242	70.90	6.39	$7,934
Jun 2007	0	1,537	62.00	7.55	$11,602
May 2007	166	1,131	58.74	7.85	$18,625
Apr 2007	0	1,378	59.61	7.81	$10,756
Mar 2007	0	1,046	56.92	7.30	$7,638
Feb 2007	0	1,104	55.10	8.22	$9,070
Jan 2007	0	1,134	50.30	6.73	$7,628
Dec 2006	0	1,366	56.65	6.92	$9,451
Nov 2006	171	1,419	54.20	7.62	$20,077
Oct 2006	0	1,383	54.90	6.01	$8,317
Sep 2006	0	799	60.08	5.04	$4,025
Aug 2006	0	869	68.71	7.34	$6,378
Jul 2006	0	835	69.37	6.34	$5,296
Jun 2006	0	819	66.28	6.38	$5,228
May 2006	0	775	66.01	6.42	$4,979
Apr 2006	0	853	64.39	7.36	$6,278
Mar 2006	0	1,031	56.70	7.08	$7,302
Feb 2006	0	1,061	57.59	7.75	$8,224
Jan 2006	0	1,190	60.59	8.93	$10,631
Dec 2005	0	1,199	54.94	13.42	$16,085
Nov 2005	158	1,258	54.69	10.59	$21,961
Oct 2005	0	1,315	58.34	13.80	$18,141
Sep 2005	0	1,130	61.45	12.08	$13,649
Aug 2005	0	1,137	61.51	9.80	$11,139
Jul 2005	0	992	55.69	7.84	$7,781
Jun 2005	0	728	52.33	7.38	$5,373
May 2005	0	1,129	45.22	6.65	$7,509
Apr 2005	167	1,161	49.20	7.36	$16,762
Mar 2005	0	1,168	50.37	7.15	$8,357
Feb 2005	0	1,113	45.22	6.31	$7,025
Jan 2005	0	904	43.16	6.32	$5,715
Dec 2004	0	907	39.86	6.75	$6,123
Nov 2004	0	837	45.28	6.33	$5,299
Oct 2004	0	1,047	49.70	6.52	$6,821
Sep 2004	170	1,128	43.24	5.28	$13,311
Aug 2004	0	1,110	42.37	5.55	$6,161
Jul 2004	0	1,179	38.28	6.08	$7,173
Jun 2004	0	1,062	36.10	6.43	$6,832
May 2004	0	982	37.48	6.49	$6,378
Apr 2004	178	1,170	34.47	5.86	$12,990
Mar 2004	0	914	34.36	5.53	$5,055
Feb 2004	0	1,047	32.45	5.51	$5,769
Jan 2004	0	1,257	32.03	6.30	$7,919
Dec 2003	155	1,090	30.26	6.30	$11,559
Nov 2003	0	1,097	28.80	4.60	$5,041
Oct 2003	0	1,164	28.17	4.76	$5,540
Sep 2003	167	1,207	26.31	4.75	$10,126
Aug 2003	0	1,343	29.76	5.13	$6,889
Jul 2003	0	1,623	29.41	5.17	$8,392
Jun 2003	135	1,786	28.56	5.98	$14,541
May 2003	0	2,027	26.59	5.97	$12,107
Apr 2003	136	3,718	26.67	5.41	$23,731
Mar 2003	137	3,718	31.14	6.10	$26,931
Feb 2003	150	4,227	33.48	7.93	$38,525
Jan 2003	328	6,657	30.31	5.58	$47,101
Dec 2002	0	176	26.91	4.85	$854
Nov 2002	4	131	24.66	4.14	$641
Oct 2002	0	207	26.46	4.23	$875
Sep 2002	0	1,163	27.44	3.64	$4,228
Aug 2002	309	2,593	25.96	3.16	$16,226
Jul 2002	0	5,418	24.58	3.06	$16,589
Jun 2002	198	1,171	23.73	3.34	$8,608
May 2002	0	2,235	24.66	3.58	$8,010
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	10	29.64	4.54	$45
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	10	29.30	4.40	$44
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	10	24.51	3.12	$31
Mar 2000	0	10	28.42	2.86	$29
Feb 2000	0	10	27.62	2.73	$27
Jan 2000	0	10	25.27	2.48	$25
Dec 1999	0	10	24.28	2.42	$24
Nov 1999	0	35	23.19	2.43	$85
Oct 1999	0	20	20.98	2.80	$56
Sep 1999	0	10	21.75	2.62	$26
Aug 1999	0	10	19.26	2.88	$29
Jul 1999	0	10	17.89	2.37	$24
Jun 1999	0	10	15.94	2.36	$24
May 1999	0	5	15.79	2.32	$12
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	10	10.38	1.90	$19
Dec 1998	0	5	9.20	1.77	$9
Nov 1998	0	5	10.89	2.19	$11
Oct 1998	0	10	12.42	1.97	$20
Sep 1998	0	15	12.59	2.08	$31
Aug 1998	0	10	11.30	1.91	$19
Jul 1998	0	10	11.74	2.24	$22
Jun 1998	0	15	11.24	2.24	$34
May 1998	0	20	12.62	2.21	$44
Apr 1998	0	15	13.04	2.51	$38
Mar 1998	0	10	12.80	2.31	$23
Feb 1998	0	140	13.95	2.30	$322
Jan 1998	0	0	14.70	2.15	$0
Dec 1997	0	155	16.32	2.41	$374
Nov 1997	0	150	18.19	3.09	$463
Oct 1997	0	155	19.25	3.15	$488
Sep 1997	0	15	17.74	2.95	$44
Aug 1997	0	15	17.86	2.55	$38
Jul 1997	0	15	17.58	2.25	$34
Jun 1997	0	0	17.24	2.26	$0
May 1997	0	15	18.97	2.31	$35
Apr 1997	0	15	17.88	2.08	$31
Mar 1997	0	25	18.95	1.94	$48
Feb 1997	0	45	20.49	2.21	$99
Jan 1997	0	25	23.48	3.54	$88
Dec 1996	0	5	23.32	—	$0
Nov 1996	0	5	21.97	—	$0
Oct 1996	0	5	23.31	—	$0
Sep 1996	0	10	22.22	—	$0
Aug 1996	0	10	20.26	—	$0
Jul 1996	0	15	19.55	—	$0
Jun 1996	0	10	18.73	—	$0
May 1996	0	10	19.43	—	$0
Apr 1996	0	15	21.51	—	$0
Mar 1996	0	15	19.38	—	$0
Feb 1996	186	10	16.98	—	$3,158
Jan 1996	0	10	17.07	—	$0
Dec 1995	0	10	17.19	—	$0
Nov 1995	0	5	16.00	—	$0
Oct 1995	0	20	15.43	—	$0
Sep 1995	0	10	16.18	—	$0
Aug 1995	0	155	15.92	—	$0
Jul 1995	0	15	15.24	—	$0
Jun 1995	0	20	16.41	—	$0
May 1995	0	15	17.56	—	$0
Apr 1995	0	150	17.73	—	$0
Mar 1995	0	10	16.44	—	$0
Feb 1995	0	15	16.58	—	$0
Jan 1995	0	25	15.92	—	$0
Dec 1994	0	5	15.03	—	$0
Nov 1994	0	30	15.90	—	$0
Oct 1994	0	5	15.58	—	$0
Sep 1994	0	45	15.29	—	$0
Aug 1994	0	80	16.13	—	$0
Jul 1994	0	20	17.56	—	$0
Jun 1994	0	20	17.09	—	$0
May 1994	0	20	15.88	—	$0
Apr 1994	0	25	14.14	—	$0
Mar 1994	0	40	12.46	—	$0
Feb 1994	0	35	12.50	—	$0
Jan 1994	0	0	12.66	—	$0
Dec 1993	0	0	12.33	—	$0
Nov 1993	0	0	14.49	—	$0
Oct 1993	0	0	15.85	—	$0
Sep 1993	175	0	15.03	—	$2,630
Aug 1993	0	1	15.66	—	$0
Jul 1993	0	1	15.46	—	$0
Jun 1993	0	1	16.79	—	$0
May 1993	0	1	17.68	—	$0
Apr 1993	0	1	18.05	—	$0
Mar 1993	0	1	18.14	—	$0
Feb 1993	0	1	17.90	—	$0
Jan 1993	0	1	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.

Sep 2013 — as filed, then multipliedworked

Oil                    0 bbl  × $104.11 =         $0
Casinghead gas       635 Mcf  × $  3.72 =     $2,361

────────────────────────────────────────────────────
Month total                                   $2,361

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/6762 is the state's own key, not one this site invented.