VEALE, LORESTA

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

Operated by KORNYE-TILLMAN COMPANY (P-5 475741) in the CRAWFORD (MARBLE FALLS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 131322District 7BField 21587600CondensateGasSave Export

Value, all time

$54 k

Jan 1993 – Jan 2008

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

181

no gaps in the span

Streams

condensate, gas

The CRAWFORD (MARBLE FALLS) 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 27 leases and 27 wells, and the rule below applies to all of them.

Discovered

1981-09-01

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1991-02-11.

The Commission's schedule remark for this field reads: “TEMPORARY RULES MADE PERMANENT EFFECTIVE 2/11/91”

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
Condensate	Disposition	65 bbl	$3,984
Gas	Production	19,911 Mcf	$49,698
Total			$53,682

8,910 Mcf of this lease's gas, across 48 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 32.3588, -98.6081. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.35882, -98.60806 · 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

100.0%

1 of 1 wells

Median depth

3,230 ft

1 wells filed one

Completion to plug

18.6 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

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 3,230 ft.

Completions filed

Jun 1989

1 of 1 wells

Plug dates filed

Jan 2008

1 of 1 wells

Last completion to plug: a median of 18.6 years across the 1 well that filed both dates, with the middle half between 18.6 years and 18.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-13337343	1	3,230 ft	Jun 1989	Jan 2008	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 (181)

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

181 months


Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	64	0	62.00	7.55	$3,968
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	36	50.30	6.73	$242
Dec 2006	0	97	56.65	6.92	$671
Nov 2006	0	80	54.20	7.62	$609
Oct 2006	0	100	54.90	6.01	$601
Sep 2006	0	103	60.08	5.04	$519
Aug 2006	0	111	68.71	7.34	$815
Jul 2006	0	105	69.37	6.34	$666
Jun 2006	0	123	66.28	6.38	$785
May 2006	0	124	66.01	6.42	$797
Apr 2006	0	97	64.39	7.36	$714
Mar 2006	0	114	56.70	7.08	$807
Feb 2006	0	99	57.59	7.75	$767
Jan 2006	0	117	60.59	8.93	$1,045
Dec 2005	0	110	54.94	13.42	$1,476
Nov 2005	0	134	54.69	10.59	$1,419
Oct 2005	0	139	58.34	13.80	$1,918
Sep 2005	0	148	61.45	12.08	$1,788
Aug 2005	0	133	61.51	9.80	$1,303
Jul 2005	0	108	55.69	7.84	$847
Jun 2005	0	101	52.33	7.38	$745
May 2005	0	101	45.22	6.65	$672
Apr 2005	0	71	49.20	7.36	$523
Mar 2005	0	81	50.37	7.15	$580
Feb 2005	0	66	45.22	6.31	$417
Jan 2005	0	55	43.16	6.32	$348
Dec 2004	0	107	39.86	6.75	$722
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	16	30.26	6.30	$101
Nov 2003	0	75	28.80	4.60	$345
Oct 2003	0	71	28.17	4.76	$338
Sep 2003	0	67	26.31	4.75	$318
Aug 2003	0	94	29.76	5.13	$482
Jul 2003	0	88	29.41	5.17	$455
Jun 2003	0	99	28.56	5.98	$592
May 2003	0	110	26.59	5.97	$657
Apr 2003	0	7	26.67	5.41	$38
Mar 2003	0	72	31.14	6.10	$439
Feb 2003	0	94	33.48	7.93	$745
Jan 2003	0	99	30.31	5.58	$553
Dec 2002	0	151	26.91	4.85	$733
Nov 2002	0	106	24.66	4.14	$439
Oct 2002	0	102	26.46	4.23	$431
Sep 2002	0	84	27.44	3.64	$305
Aug 2002	0	114	25.96	3.16	$361
Jul 2002	0	75	24.58	3.06	$230
Jun 2002	0	78	23.73	3.34	$260
May 2002	0	88	24.66	3.58	$315
Apr 2002	0	87	23.65	3.51	$306
Mar 2002	0	70	22.00	3.10	$217
Feb 2002	0	57	18.22	2.38	$135
Jan 2002	0	55	17.17	2.38	$131
Dec 2001	0	75	16.93	2.36	$177
Nov 2001	0	71	18.07	2.41	$171
Oct 2001	0	78	19.78	2.53	$197
Sep 2001	0	86	24.26	2.25	$194
Aug 2001	0	70	24.87	3.05	$214
Jul 2001	0	92	23.93	3.20	$294
Jun 2001	0	96	24.56	3.82	$367
May 2001	0	97	25.52	4.31	$418
Apr 2001	0	101	24.68	5.34	$539
Mar 2001	0	84	24.54	5.38	$452
Feb 2001	0	74	27.75	5.77	$427
Jan 2001	0	80	27.47	8.40	$672
Dec 2000	0	81	26.88	9.12	$739
Nov 2000	0	79	32.21	5.66	$447
Oct 2000	0	72	31.23	5.15	$370
Sep 2000	0	94	31.87	5.19	$488
Aug 2000	0	123	29.64	4.54	$559
Jul 2000	0	82	28.53	4.09	$335
Jun 2000	0	103	29.30	4.40	$453
May 2000	0	102	27.26	3.68	$375
Apr 2000	0	91	24.51	3.12	$284
Mar 2000	0	102	28.42	2.86	$292
Feb 2000	0	113	27.62	2.73	$308
Jan 2000	0	98	25.27	2.48	$243
Dec 1999	0	89	24.28	2.42	$216
Nov 1999	0	97	23.19	2.43	$236
Oct 1999	0	108	20.98	2.80	$303
Sep 1999	0	113	21.75	2.62	$296
Aug 1999	0	104	19.26	2.88	$299
Jul 1999	0	122	17.89	2.37	$289
Jun 1999	0	112	15.94	2.36	$265
May 1999	0	120	15.79	2.32	$279
Apr 1999	0	107	15.10	2.21	$236
Mar 1999	0	114	12.47	1.84	$210
Feb 1999	0	96	9.98	1.82	$175
Jan 1999	0	127	10.38	1.90	$241
Dec 1998	0	114	9.20	1.77	$202
Nov 1998	0	100	10.89	2.19	$219
Oct 1998	0	127	12.42	1.97	$250
Sep 1998	0	113	12.59	2.08	$235
Aug 1998	0	127	11.30	1.91	$242
Jul 1998	0	128	11.74	2.24	$286
Jun 1998	0	120	11.24	2.24	$268
May 1998	0	131	12.62	2.21	$289
Apr 1998	0	126	13.04	2.51	$316
Mar 1998	0	127	12.80	2.31	$293
Feb 1998	0	113	13.95	2.30	$260
Jan 1998	0	126	14.70	2.15	$272
Dec 1997	0	132	16.32	2.41	$318
Nov 1997	0	116	18.19	3.09	$358
Oct 1997	0	132	19.25	3.15	$416
Sep 1997	0	120	17.74	2.95	$355
Aug 1997	0	135	17.86	2.55	$345
Jul 1997	0	129	17.58	2.25	$290
Jun 1997	0	110	17.24	2.26	$248
May 1997	0	141	18.97	2.31	$326
Apr 1997	0	124	17.88	2.08	$258
Mar 1997	0	110	18.95	1.94	$213
Feb 1997	0	110	20.49	2.21	$243
Jan 1997	0	118	23.48	3.54	$418
Dec 1996	0	117	23.32	—	$0
Nov 1996	0	112	21.97	—	$0
Oct 1996	0	150	23.31	—	$0
Sep 1996	0	150	22.22	—	$0
Aug 1996	0	199	20.26	—	$0
Jul 1996	0	180	19.55	—	$0
Jun 1996	0	116	18.73	—	$0
May 1996	0	91	19.43	—	$0
Apr 1996	0	155	21.51	—	$0
Mar 1996	0	90	19.38	—	$0
Feb 1996	0	44	16.98	—	$0
Jan 1996	0	105	17.07	—	$0
Dec 1995	0	195	17.19	—	$0
Nov 1995	0	205	16.00	—	$0
Oct 1995	0	256	15.43	—	$0
Sep 1995	0	182	16.18	—	$0
Aug 1995	0	163	15.92	—	$0
Jul 1995	0	175	15.24	—	$0
Jun 1995	0	217	16.41	—	$0
May 1995	0	223	17.56	—	$0
Apr 1995	0	114	17.73	—	$0
Mar 1995	0	206	16.44	—	$0
Feb 1995	0	184	16.58	—	$0
Jan 1995	0	251	15.92	—	$0
Dec 1994	0	131	15.03	—	$0
Nov 1994	1	160	15.90	—	$16
Oct 1994	0	186	15.58	—	$0
Sep 1994	0	175	15.29	—	$0
Aug 1994	0	184	16.13	—	$0
Jul 1994	0	170	17.56	—	$0
Jun 1994	0	127	17.09	—	$0
May 1994	0	57	15.88	—	$0
Apr 1994	0	192	14.14	—	$0
Mar 1994	0	119	12.46	—	$0
Feb 1994	0	219	12.50	—	$0
Jan 1994	0	180	12.66	—	$0
Dec 1993	0	227	12.33	—	$0
Nov 1993	0	224	14.49	—	$0
Oct 1993	0	267	15.85	—	$0
Sep 1993	0	245	15.03	—	$0
Aug 1993	0	255	15.66	—	$0
Jul 1993	0	308	15.46	—	$0
Jun 1993	0	235	16.79	—	$0
May 1993	0	305	17.68	—	$0
Apr 1993	0	275	18.05	—	$0
Mar 1993	0	282	18.14	—	$0
Feb 1993	0	250	17.90	—	$0
Jan 1993	0	257	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.

Jun 2007 — as filed, then multipliedworked

Condensate            64 bbl  × $ 62.00 =     $3,968
Gas                    0 Mcf  × $  7.55 =         $0

────────────────────────────────────────────────────
Month total                                   $3,968

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. 7B/G/131322 is the state's own key, not one this site invented.