PORTER PITTMAN

Operated by W.B.D. OIL AND GAS INC. (P-5 888033) 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 7017District 10Field 68901001OilCasinghead gasSaveExport
Value, all time
$74 k
Feb 1995 – Dec 2007
Value, last 12 filed months
$0
at the published price for each month
Months reported
155
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 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.

StreamBasisVolumeValue
OilDisposition1,614 bbl$38,632
Casinghead gasProduction25,824 Mcf$35,701
Total$74,334

15,348 Mcf of this lease's gas, across 13 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 (2)

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 35.9939, -101.6616. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

35.99394, -101.66157 · 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
100.0%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
3,359 ft
2 wells filed one
Completion to plug
23.3 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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

Between 3,322 and 3,395 ft, median 3,359 ft, over the 2 wells that filed a depth.

Completions filed
Oct 1972 – Apr 1985
2 of 2 wells
Plug dates filed
Sep 1996 – Oct 2007
2 of 2 wells

Last completion to plug: a median of 23.3 years across the 2 wells that filed both dates, with the middle half between 17.3 years and 29.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-341317484PP3,395 ftApr 1985Sep 1996Yes
42-341301241PP3,322 ftOct 1972Oct 2007Yes

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 (155)

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

155 months

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 200628068.717.34$1,924
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 20040834.475.86$47
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 20030726.595.97$42
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 200245022.003.10$990
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 2001019716.932.36$466
Nov 20017118218.072.41$1,721
Oct 2001030019.782.53$759
Sep 20015225824.262.25$1,842
Aug 20015733024.873.05$2,425
Jul 20015532723.933.20$2,362
Jun 20017129124.563.82$2,857
May 2001060225.524.31$2,593
Apr 2001708624.685.34$2,186
Mar 2001019224.545.38$1,032
Feb 200116220927.755.77$5,701
Jan 2001022827.478.40$1,915
Dec 2000016126.889.12$1,469
Nov 20005326732.215.66$3,218
Oct 20007526331.235.15$3,696
Sep 2000034131.875.19$1,769
Aug 20007936129.644.54$3,981
Jul 200010812428.534.09$3,588
Jun 2000021629.304.40$950
May 20004613627.263.68$1,754
Apr 200008724.513.12$271
Mar 2000016628.422.86$475
Feb 2000011827.622.73$322
Jan 20004613125.272.48$1,487
Dec 199909124.282.42$221
Nov 1999014023.192.43$341
Oct 19997015520.982.80$1,903
Sep 1999012821.752.62$335
Aug 1999017619.262.88$506
Jul 19996718317.892.37$1,633
Jun 1999010215.942.36$241
May 199905515.792.32$128
Apr 1999011115.102.21$245
Mar 1999013312.471.84$245
Feb 19990999.981.82$180
Jan 1999016510.381.90$313
Dec 19980799.201.77$140
Nov 199808410.892.19$184
Oct 1998013212.421.97$260
Sep 1998012912.592.08$269
Aug 1998016411.301.91$313
Jul 199804911.742.24$110
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 199747217.742.95$840
Aug 19970417.862.55$10
Jul 199708717.582.25$195
Jun 1997018317.242.26$413
May 199752018.972.31$986
Apr 19970117.882.08$2
Mar 19970018.951.94$0
Feb 199701,67820.492.21$3,702
Jan 1997075823.483.54$2,683
Dec 19960023.32$0
Nov 19960021.97$0
Oct 1996088423.31$0
Sep 1996080022.22$0
Aug 19964254720.26$851
Jul 199601619.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 199566016.00$1,056
Oct 199501,01715.43$0
Sep 1995074416.18$0
Aug 1995641,89115.92$1,019
Jul 199501,62615.24$0
Jun 1995582,83516.41$952
May 199501,49817.56$0
Apr 1995641,07017.73$1,135
Mar 1995661,35216.44$1,085
Feb 199501,06816.58$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.

Aug 2006 — as filed, then multipliedworked
Oil                   28 bbl  × $ 68.71 =     $1,924
Casinghead gas         0 Mcf  × $  7.34 =         $0

────────────────────────────────────────────────────
Month total                                   $1,924

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/7017 is the state's own key, not one this site invented.