LEE

Name: LEE lease production and value, Aug 1998 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 7289District 10Field 68901001OilCasinghead gasSave Export

Value, all time

$1.9 M

Aug 1998 – Feb 2008

Value, last 12 filed months

$146 k

at the published price for each month

Months reported

115

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	29,973 bbl	$793,566
Casinghead gas	Production	223,604 Mcf	$1,149,824
Total			$1,943,390

Wells on this lease (6)

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 35.9141, -102.0495. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

35.91387, -102.04801 · 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 6 wells

With a plug date

0.0%

0 of 6 wells

Median depth

3,850 ft

6 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.

6100.0%

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 3,850 and 3,850 ft, median 3,850 ft, over the 6 wells that filed a depth.

Completions filed

Oct 1998 – Dec 1998

6 of 6 wells

6 wells


42-34132602	5	3,850 ft	Dec 1998	—	—
42-34132604	3	3,850 ft	Nov 1998	—	—
42-34132606	1	3,850 ft	Oct 1998	—	—
42-34132613	6	3,850 ft	Oct 1998	—	—
42-34132603	4	3,850 ft	Oct 1998	—	—
42-34132605	2	3,850 ft	Oct 1998	—	—

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 (115)

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

115 months


Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	75	1,094	88.33	7.30	$14,613
Nov 2007	163	1,326	91.67	7.29	$24,611
Oct 2007	0	1,252	82.85	6.92	$8,666
Sep 2007	70	660	75.84	6.24	$9,430
Aug 2007	156	1,107	69.06	6.39	$17,845
Jul 2007	89	1,339	70.90	6.39	$14,864
Jun 2007	88	885	62.00	7.55	$12,136
May 2007	56	1,914	58.74	7.85	$18,307
Apr 2007	108	912	59.61	7.81	$13,556
Mar 2007	78	1,042	56.92	7.30	$12,048
Feb 2007	0	1,530	55.10	8.22	$12,570
Jan 2007	72	961	50.30	6.73	$10,086
Dec 2006	75	1,289	56.65	6.92	$13,167
Nov 2006	0	1,586	54.20	7.62	$12,081
Oct 2006	0	928	54.90	6.01	$5,581
Sep 2006	114	1,672	60.08	5.04	$15,271
Aug 2006	0	1,950	68.71	7.34	$14,313
Jul 2006	58	1,900	69.37	6.34	$16,075
Jun 2006	94	1,786	66.28	6.38	$17,632
May 2006	36	1,908	66.01	6.42	$14,635
Apr 2006	171	1,628	64.39	7.36	$22,994
Mar 2006	0	1,939	56.70	7.08	$13,734
Feb 2006	164	1,723	57.59	7.75	$22,800
Jan 2006	165	2,189	60.59	8.93	$29,552
Dec 2005	158	2,243	54.94	13.42	$38,771
Nov 2005	265	2,048	54.69	10.59	$36,178
Oct 2005	0	1,973	58.34	13.80	$27,219
Sep 2005	160	779	61.45	12.08	$19,242
Aug 2005	158	2,028	61.51	9.80	$29,587
Jul 2005	77	2,074	55.69	7.84	$20,556
Jun 2005	93	2,044	52.33	7.38	$19,954
May 2005	87	2,045	45.22	6.65	$17,536
Apr 2005	70	1,560	49.20	7.36	$14,926
Mar 2005	137	1,936	50.37	7.15	$20,753
Feb 2005	0	1,861	45.22	6.31	$11,746
Jan 2005	45	1,708	43.16	6.32	$12,741
Dec 2004	117	1,717	39.86	6.75	$16,255
Nov 2004	110	1,563	45.28	6.33	$14,875
Oct 2004	131	1,970	49.70	6.52	$19,345
Sep 2004	137	1,636	43.24	5.28	$14,568
Aug 2004	149	2,272	42.37	5.55	$18,924
Jul 2004	147	2,433	38.28	6.08	$20,430
Jun 2004	131	2,020	36.10	6.43	$17,724
May 2004	143	2,155	37.48	6.49	$19,355
Apr 2004	134	1,959	34.47	5.86	$16,096
Mar 2004	141	2,076	34.36	5.53	$16,325
Feb 2004	136	1,747	32.45	5.51	$14,039
Jan 2004	149	1,950	32.03	6.30	$17,057
Dec 2003	131	1,989	30.26	6.30	$16,498
Nov 2003	131	2,001	28.80	4.60	$12,968
Oct 2003	341	1,895	28.17	4.76	$18,625
Sep 2003	155	1,817	26.31	4.75	$12,708
Aug 2003	170	2,193	29.76	5.13	$16,309
Jul 2003	152	2,203	29.41	5.17	$15,862
Jun 2003	154	2,347	28.56	5.98	$18,440
May 2003	158	2,689	26.59	5.97	$20,262
Apr 2003	140	3,265	26.67	5.41	$21,389
Mar 2003	232	2,663	31.14	6.10	$23,458
Feb 2003	150	2,105	33.48	7.93	$21,706
Jan 2003	130	1,856	30.31	5.58	$14,301
Dec 2002	164	2,266	26.91	4.85	$15,412
Nov 2002	116	1,984	24.66	4.14	$11,068
Oct 2002	161	1,850	26.46	4.23	$12,084
Sep 2002	174	1,836	27.44	3.64	$11,449
Aug 2002	150	2,085	25.96	3.16	$10,491
Jul 2002	302	2,391	24.58	3.06	$14,744
Jun 2002	153	2,423	23.73	3.34	$11,719
May 2002	314	2,543	24.66	3.58	$16,857
Apr 2002	120	2,235	23.65	3.51	$10,688
Mar 2002	159	1,968	22.00	3.10	$9,604
Feb 2002	160	2,006	18.22	2.38	$7,681
Jan 2002	257	2,050	17.17	2.38	$9,283
Dec 2001	331	2,315	16.93	2.36	$11,077
Nov 2001	151	2,294	18.07	2.41	$8,247
Oct 2001	335	2,199	19.78	2.53	$12,187
Sep 2001	324	2,624	24.26	2.25	$13,768
Aug 2001	304	2,486	24.87	3.05	$15,151
Jul 2001	350	2,512	23.93	3.20	$16,407
Jun 2001	288	2,391	24.56	3.82	$16,217
May 2001	507	2,158	25.52	4.31	$22,234
Apr 2001	301	2,678	24.68	5.34	$21,717
Mar 2001	291	1,887	24.54	5.38	$17,286
Feb 2001	150	1,929	27.75	5.77	$15,287
Jan 2001	272	2,143	27.47	8.40	$25,470
Dec 2000	332	2,414	26.88	9.12	$30,946
Nov 2000	331	3,088	32.21	5.66	$28,133
Oct 2000	313	3,063	31.23	5.15	$25,536
Sep 2000	386	1,449	31.87	5.19	$19,817
Aug 2000	518	1,613	29.64	4.54	$22,678
Jul 2000	442	2,831	28.53	4.09	$24,188
Jun 2000	515	2,712	29.30	4.40	$27,015
May 2000	524	2,985	27.26	3.68	$25,268
Apr 2000	518	2,796	24.51	3.12	$21,409
Mar 2000	612	2,691	28.42	2.86	$25,089
Feb 2000	521	2,606	27.62	2.73	$21,495
Jan 2000	687	3,334	25.27	2.48	$25,630
Dec 1999	723	2,171	24.28	2.42	$22,816
Nov 1999	640	2,962	23.19	2.43	$22,051
Oct 1999	636	2,509	20.98	2.80	$20,378
Sep 1999	734	2,670	21.75	2.62	$22,957
Aug 1999	976	3,381	19.26	2.88	$28,520
Jul 1999	940	3,438	17.89	2.37	$24,973
Jun 1999	990	2,509	15.94	2.36	$21,707
May 1999	882	1,556	15.79	2.32	$17,538
Apr 1999	539	1,746	15.10	2.21	$11,994
Mar 1999	963	2,365	12.47	1.84	$16,356
Feb 1999	1,240	2,830	9.98	1.82	$17,520
Jan 1999	1,281	2,245	10.38	1.90	$17,562
Dec 1998	1,145	1,047	9.20	1.77	$12,391
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	0	11.30	1.91	$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.

Dec 2007 — as filed, then multipliedworked

Oil                   75 bbl  × $ 88.33 =     $6,625
Casinghead gas     1,094 Mcf  × $  7.30 =     $7,988

────────────────────────────────────────────────────
Month total                                  $14,613

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/7289 is the state's own key, not one this site invented.