WHITTENBURG -D-

Operated by PAN RESOURCES, INC. (P-5 638477) in the PANHANDLE HUTCHINSON COUNTY FLD. field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 937District 10Field 68887001NGPA filingOilCasinghead gasSaveExport
Value, all time
$28 k
Jan 1993 – Apr 2004
Value, last 12 filed months
$0
at the published price for each month
Months reported
136
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 918 leases and 8,177 wells, and the rule below applies to all of them.

Discovered
1921-12-31
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: SPECIAL TESTING REQUIREMENTS FOR WELLS WITH GOR GREATER THAN 5000.

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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA4none

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.

StreamBasisVolumeValue
OilDisposition1,216 bbl$21,385
Casinghead gasProduction14,752 Mcf$6,684
Total$28,068

11,873 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 (4)

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 35.7403, -101.3263. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

35.74006, -101.32654 · 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%
4 of 4 wells
With a plug date
100.0%
4 of 4 wells
Median depth
2,887 ft
4 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 2,825 and 2,919 ft, median 2,887 ft, over the 4 wells that filed a depth.

Plug dates filed
Aug 2003
4 of 4 wells

4 wells

42-2330700512,866 ftAug 2003Yes
42-2330701022,908 ftAug 2003Yes
42-2330701432,919 ftAug 2003Yes
42-2330701842,825 ftAug 2003Yes

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 (136)

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

136 months

Apr 20040034.475.86$0
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 20030026.595.97$0
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 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 199960024.282.42$1,457
Nov 199904923.192.43$119
Oct 1999017920.982.80$502
Sep 19994622121.752.62$1,579
Aug 1999015819.262.88$454
Jul 19999715817.892.37$2,110
Jun 1999055215.942.36$1,304
May 1999029715.792.32$689
Apr 199908015.102.21$177
Mar 199907412.471.84$136
Feb 19990749.981.82$135
Jan 199907410.381.90$141
Dec 199801069.201.77$188
Nov 1998020610.892.19$450
Oct 1998012412.421.97$244
Sep 19981711512.592.08$2,184
Aug 199804411.301.91$84
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 1998046813.952.30$1,076
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 1996032920.26$0
Jul 1996046219.55$0
Jun 1996048818.73$0
May 1996051819.43$0
Apr 199617154721.51$3,678
Mar 199617259819.38$3,333
Feb 1996023516.98$0
Jan 199617032217.07$2,902
Dec 1995030317.19$0
Nov 1995029916.00$0
Oct 1995028915.43$0
Sep 1995031116.18$0
Aug 1995028315.92$0
Jul 1995039615.24$0
Jun 1995040116.41$0
May 1995029517.56$0
Apr 1995022117.73$0
Mar 1995028016.44$0
Feb 1995029816.58$0
Jan 1995023215.92$0
Dec 199417729215.03$2,660
Nov 1994029315.90$0
Oct 1994041415.58$0
Sep 1994047315.29$0
Aug 1994052516.13$0
Jul 1994013217.56$0
Jun 1994014817.09$0
May 19941295415.88$2,049
Apr 1994010914.14$0
Mar 199409012.46$0
Feb 199407312.50$0
Jan 19940112.66$0
Dec 199306612.33$0
Nov 199305314.49$0
Oct 1993014615.85$0
Sep 1993013615.03$0
Aug 1993017015.66$0
Jul 1993018115.46$0
Jun 1993017016.79$0
May 1993018317.68$0
Apr 1993034718.05$0
Mar 19932132118.14$381
Feb 1993222417.90$36
Jan 1993016516.93$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.

Dec 1999 — as filed, then multipliedworked
Oil                   60 bbl  × $ 24.28 =     $1,457
Casinghead gas         0 Mcf  × $  2.42 =         $0

────────────────────────────────────────────────────
Month total                                   $1,457

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/937 is the state's own key, not one this site invented.