GEORGE

Operated by SPENCE ENERGY COMPANY (P-5 809332) in the PUTNAM, N. (CADDO 3250) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 170596District 7BField 73511310CondensateGasSaveExport
Value, all time
$315 k
Apr 1998 – Apr 2019
Value, last 12 filed months
$0
at the published price for each month
Months reported
253
no gaps in the span
Streams
2
condensate, 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 6 leases and 7 wells, and the rule below applies to all of them.

Discovered
1982-01-28
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
CondensateDisposition19 bbl$2,170
GasProduction93,923 Mcf$312,940
Total$315,110

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 32.4457, -99.3079. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.44566, -99.30788 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
4,300 ft
1 wells filed one
Completion to plug
21.0 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 4,300 ft.

Completions filed
Apr 1998
1 of 1 wells
Plug dates filed
Apr 2019
1 of 1 wells

Last completion to plug: a median of 21.0 years across the 1 well that filed both dates, with the middle half between 21.0 years and 21.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-0593646963024,300 ftApr 1998Apr 2019Yes

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 (253)

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

253 months

Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 2008190114.228.48$2,170
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
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 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 200602056.707.08$142
Feb 200605357.597.75$411
Jan 2006010060.598.93$893
Dec 2005017054.9413.42$2,281
Nov 2005010054.6910.59$1,059
Oct 200504058.3413.80$552
Sep 200502061.4512.08$242
Aug 200502061.519.80$196
Jul 200502955.697.84$227
Jun 200505052.337.38$369
May 2005010045.226.65$665
Apr 2005010049.207.36$736
Mar 200507150.377.15$508
Feb 2005025845.226.31$1,628
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 200404345.286.33$272
Oct 2004011049.706.52$717
Sep 2004022943.245.28$1,210
Aug 2004095242.375.55$5,284
Jul 2004054938.286.08$3,340
Jun 2004088036.106.43$5,661
May 200401,04637.486.49$6,793
Apr 2004076134.475.86$4,458
Mar 2004059634.365.53$3,296
Feb 2004065232.455.51$3,592
Jan 2004060332.036.30$3,799
Dec 2003062730.266.30$3,951
Nov 2003055828.804.60$2,564
Oct 2003059228.174.76$2,818
Sep 2003075726.314.75$3,595
Aug 2003063429.765.13$3,252
Jul 2003061329.415.17$3,170
Jun 2003084028.565.98$5,026
May 2003069126.595.97$4,127
Apr 2003058726.675.41$3,174
Mar 2003061331.146.10$3,737
Feb 2003060033.487.93$4,756
Jan 2003068330.315.58$3,813
Dec 2002063126.914.85$3,063
Nov 2002057324.664.14$2,370
Oct 2002059526.464.23$2,516
Sep 2002067927.443.64$2,468
Aug 2002079725.963.16$2,522
Jul 2002060024.583.06$1,837
Jun 2002030023.733.34$1,001
May 2002028024.663.58$1,004
Apr 2002026923.653.51$945
Mar 2002023522.003.10$729
Feb 2002021918.222.38$520
Jan 20020017.172.38$0
Dec 2001031716.932.36$750
Nov 2001023818.072.41$573
Oct 2001074819.782.53$1,892
Sep 2001074824.262.25$1,684
Aug 2001082824.873.05$2,528
Jul 200101,19923.933.20$3,833
Jun 2001065224.563.82$2,493
May 200102025.524.31$86
Apr 20010024.685.34$0
Mar 2001060024.545.38$3,226
Feb 2001061727.755.77$3,558
Jan 2001096527.478.40$8,105
Dec 2000095526.889.12$8,712
Nov 2000092232.215.66$5,217
Oct 2000098731.235.15$5,079
Sep 200001,14731.875.19$5,949
Aug 200001,14729.644.54$5,208
Jul 200001,12128.534.09$4,585
Jun 200001,24129.304.40$5,457
May 200001,39227.263.68$5,122
Apr 200001,35924.513.12$4,235
Mar 2000092628.422.86$2,648
Feb 200001,36627.622.73$3,724
Jan 200001,65825.272.48$4,113
Dec 199901,32924.282.42$3,221
Nov 199901,91323.192.43$4,656
Oct 199901,81220.982.80$5,080
Sep 199901,80721.752.62$4,732
Aug 199901,56719.262.88$4,506
Jul 199901,57017.892.37$3,725
Jun 199902,05115.942.36$4,845
May 1999088915.792.32$2,063
Apr 199902,25515.102.21$4,979
Mar 199903,00712.471.84$5,528
Feb 199903,3799.981.82$6,142
Jan 199904,39610.381.90$8,352
Dec 199803,1799.201.77$5,637
Nov 199803,33810.892.19$7,296
Oct 199804,54012.421.97$8,940
Sep 199802,03412.592.08$4,236
Aug 199801,41311.301.91$2,695
Jul 199803,98911.742.24$8,924
Jun 199805,05911.242.24$11,318
May 199802,71812.622.21$5,997
Apr 19980013.042.51$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 2008 — as filed, then multipliedworked
Condensate            19 bbl  × $114.22 =     $2,170
Gas                    0 Mcf  × $  8.48 =         $0

────────────────────────────────────────────────────
Month total                                   $2,170

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/170596 is the state's own key, not one this site invented.