POWELL -B-

Name: POWELL -B- lease production and value, Jul 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by J. W. RESOURCES INC. (P-5 427974) in the PANHANDLE MOORE COUNTY FIELD field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 6979District 10Field 68901001OilCasinghead gasSave Export

Value, all time

$487 k

Jul 1994 – Jun 2002

Value, last 12 filed months

$28 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The PANHANDLE MOORE 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 334 leases and 1,458 wells, and the rule below applies to all of them.

Discovered

1926-12-31

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: “SEPTEMBER, AND OCTOBER.”

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	16,359 bbl	$290,089
Casinghead gas	Production	98,925 Mcf	$196,663
Total			$486,752

36,028 Mcf of this lease's gas, across 30 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 (3)

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 35.9625, -101.9923. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

35.96246, -101.99201 · 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

0.0%

0 of 3 wells

With a plug date

0.0%

0 of 3 wells

Median depth

3,710 ft

3 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.

3100.0%

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 3,707 and 3,725 ft, median 3,710 ft, over the 3 wells that filed a depth.

Completions filed

Jun 1994 – Aug 1994

3 of 3 wells

3 wells


42-34132336	3	3,710 ft	Aug 1994	—	—
42-34132330	B 1	3,707 ft	Jul 1994	—	—
42-34132329	B 2	3,725 ft	Jun 1994	—	—

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 (96)

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

96 months


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	69	850	22.00	3.10	$4,155
Feb 2002	92	762	18.22	2.38	$3,487
Jan 2002	94	459	17.17	2.38	$2,704
Dec 2001	76	80	16.93	2.36	$1,476
Nov 2001	112	453	18.07	2.41	$3,114
Oct 2001	69	625	19.78	2.53	$2,945
Sep 2001	120	881	24.26	2.25	$4,895
Aug 2001	0	726	24.87	3.05	$2,217
Jul 2001	37	587	23.93	3.20	$2,762
Jun 2001	38	662	24.56	3.82	$3,465
May 2001	81	818	25.52	4.31	$5,591
Apr 2001	67	794	24.68	5.34	$5,890
Mar 2001	71	961	24.54	5.38	$6,909
Feb 2001	116	1,072	27.75	5.77	$9,401
Jan 2001	0	1,219	27.47	8.40	$10,238
Dec 2000	144	1,138	26.88	9.12	$14,252
Nov 2000	0	1,123	32.21	5.66	$6,354
Oct 2000	135	1,313	31.23	5.15	$10,972
Sep 2000	17	1,189	31.87	5.19	$6,709
Aug 2000	79	1,387	29.64	4.54	$8,640
Jul 2000	74	1,680	28.53	4.09	$8,982
Jun 2000	69	1,456	29.30	4.40	$8,424
May 2000	121	291	27.26	3.68	$4,369
Apr 2000	149	13	24.51	3.12	$3,693
Mar 2000	107	364	28.42	2.86	$4,082
Feb 2000	46	424	27.62	2.73	$2,427
Jan 2000	126	378	25.27	2.48	$4,122
Dec 1999	129	612	24.28	2.42	$4,615
Nov 1999	0	692	23.19	2.43	$1,684
Oct 1999	71	876	20.98	2.80	$3,946
Sep 1999	86	1,010	21.75	2.62	$4,516
Aug 1999	250	1,078	19.26	2.88	$7,915
Jul 1999	0	1,105	17.89	2.37	$2,621
Jun 1999	61	929	15.94	2.36	$3,167
May 1999	138	1,006	15.79	2.32	$4,514
Apr 1999	0	1,031	15.10	2.21	$2,277
Mar 1999	88	770	12.47	1.84	$2,513
Feb 1999	110	578	9.98	1.82	$2,148
Jan 1999	121	639	10.38	1.90	$2,470
Dec 1998	61	489	9.20	1.77	$1,428
Nov 1998	98	876	10.89	2.19	$2,982
Oct 1998	0	1,131	12.42	1.97	$2,227
Sep 1998	184	1,191	12.59	2.08	$4,797
Aug 1998	0	1,681	11.30	1.91	$3,206
Jul 1998	142	1,768	11.74	2.24	$5,623
Jun 1998	121	1,770	11.24	2.24	$5,320
May 1998	140	1,671	12.62	2.21	$5,454
Apr 1998	170	1,542	13.04	2.51	$6,080
Mar 1998	130	1,613	12.80	2.31	$5,389
Feb 1998	294	1,272	13.95	2.30	$7,026
Jan 1998	0	1,672	14.70	2.15	$3,603
Dec 1997	0	1,499	16.32	2.41	$3,614
Nov 1997	109	1,597	18.19	3.09	$6,915
Oct 1997	120	1,419	19.25	3.15	$6,780
Sep 1997	247	172	17.74	2.95	$4,890
Aug 1997	0	803	17.86	2.55	$2,051
Jul 1997	79	1,642	17.58	2.25	$5,078
Jun 1997	257	1,201	17.24	2.26	$7,142
May 1997	0	1,378	18.97	2.31	$3,181
Apr 1997	226	795	17.88	2.08	$5,697
Mar 1997	112	1,373	18.95	1.94	$4,785
Feb 1997	0	1,282	20.49	2.21	$2,828
Jan 1997	141	1,029	23.48	3.54	$6,953
Dec 1996	133	1,325	23.32	—	$3,102
Nov 1996	141	777	21.97	—	$3,098
Oct 1996	280	995	23.31	—	$6,527
Sep 1996	0	1,062	22.22	—	$0
Aug 1996	140	1,251	20.26	—	$2,836
Jul 1996	247	1,166	19.55	—	$4,829
Jun 1996	141	891	18.73	—	$2,641
May 1996	309	948	19.43	—	$6,004
Apr 1996	337	657	21.51	—	$7,249
Mar 1996	150	238	19.38	—	$2,907
Feb 1996	156	577	16.98	—	$2,649
Jan 1996	138	1,125	17.07	—	$2,356
Dec 1995	171	456	17.19	—	$2,939
Nov 1995	168	1,315	16.00	—	$2,688
Oct 1995	306	3,462	15.43	—	$4,722
Sep 1995	161	1,179	16.18	—	$2,605
Aug 1995	318	650	15.92	—	$5,063
Jul 1995	145	1,402	15.24	—	$2,210
Jun 1995	508	64	16.41	—	$8,336
May 1995	330	1,193	17.56	—	$5,795
Apr 1995	348	1,147	17.73	—	$6,170
Mar 1995	512	3,740	16.44	—	$8,417
Feb 1995	347	2,652	16.58	—	$5,753
Jan 1995	344	1,843	15.92	—	$5,476
Dec 1994	528	1,935	15.03	—	$7,936
Nov 1994	532	2,182	15.90	—	$8,459
Oct 1994	879	1,793	15.58	—	$13,695
Sep 1994	1,216	1	15.29	—	$18,593
Aug 1994	1,225	1	16.13	—	$19,759
Jul 1994	355	1	17.56	—	$6,234

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.

Mar 2002 — as filed, then multipliedworked

Oil                   69 bbl  × $ 22.00 =     $1,518
Casinghead gas       850 Mcf  × $  3.10 =     $2,637

────────────────────────────────────────────────────
Month total                                   $4,155

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/6979 is the state's own key, not one this site invented.