UNDER THE HILL

Operated by CHOLLA PETROLEUM, INC. (P-5 150683) in the POSSUM KINGDOM (CONGL.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 221226District 7BField 725183332 tax incentive programmesCondensateGasSaveExport
Value, all time
$793 k
Jul 2006 – Jun 2019
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
156
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 41 leases and 41 wells, and the rule below applies to all of them.

Discovered
1957-03-06
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

The Commission's schedule remark for this field reads: ALLOCATION FORMULA EFFECTIVE 12/01/2006.

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
High Cost Gas112008-02-01179642
NGPA1none

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
CondensateDisposition10 bbl$856
GasProduction156,129 Mcf$792,058
Total$792,915

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 32.8914, -98.5571. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.89136, -98.55709 · 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
4,054 ft
1 wells filed one
Completion to plug
15 months
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 4,054 ft.

Completions filed
Mar 2018
1 of 1 wells
Plug dates filed
Jun 2019
1 of 1 wells

Last completion to plug: a median of 15 months across the 1 well that filed both dates, with the middle half between 15 months and 15 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3633554424,054 ftMar 2018Jun 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 (156)

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

156 months

Jun 20190052.782.49$0
May 20190058.482.74$0
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 2018049752.934.24$2,106
Oct 2018054861.443.40$1,862
Sep 2018067859.543.11$2,107
Aug 2018080259.403.07$2,459
Jul 2018094465.142.93$2,768
Jun 201801,11460.183.08$3,428
May 201801,66765.382.90$4,836
Apr 201802,09063.842.90$6,063
Mar 2018034861.222.79$970
Feb 2018054461.782.77$1,505
Jan 2018044562.874.01$1,784
Dec 2017051557.272.92$1,505
Nov 2017041055.423.12$1,279
Oct 2017031249.292.98$931
Sep 2017055847.523.09$1,723
Aug 2017060045.373.00$1,803
Jul 2017062943.873.09$1,942
Jun 2017056442.493.09$1,741
May 2017060145.373.26$1,961
Apr 2017065747.933.21$2,110
Mar 2017059846.772.98$1,784
Feb 2017057750.452.95$1,704
Jan 2017067949.413.42$2,321
Dec 2016068548.763.72$2,550
Nov 2016057442.492.64$1,518
Oct 2016059446.193.09$1,836
Sep 2016058241.553.10$1,805
Aug 2016063341.442.92$1,851
Jul 2016068441.622.92$2,000
Jun 2016061545.352.69$1,652
May 2016060142.521.99$1,197
Apr 2016057236.561.99$1,139
Mar 2016068633.011.79$1,231
Feb 2016067026.472.06$1,383
Jan 2016061127.352.36$1,445
Dec 2015065332.362.00$1,307
Nov 2015066338.792.17$1,437
Oct 2015067643.552.43$1,640
Sep 2015068842.992.76$1,898
Aug 2015077040.162.87$2,212
Jul 2015077148.152.95$2,271
Jun 2015067756.152.88$1,952
May 2015067255.212.96$1,986
Apr 2015062349.822.71$1,686
Mar 2015067842.892.93$1,990
Feb 2015056144.662.98$1,670
Jan 2015063343.433.10$1,963
Dec 2014067854.693.59$2,435
Nov 2014065170.464.25$2,768
Oct 2014071778.303.90$2,797
Sep 2014062886.164.05$2,541
Aug 2014066189.394.04$2,667
Jul 2014066996.564.18$2,796
Jun 2014063198.164.74$2,989
May 2014067294.734.73$3,176
Apr 2014066695.944.81$3,203
Mar 2014073195.895.06$3,697
Feb 2014054797.406.19$3,387
Jan 2014060190.404.86$2,921
Dec 2013065491.824.35$2,848
Nov 2013063788.853.74$2,381
Oct 2013068797.423.78$2,596
Sep 20130808104.113.72$3,004
Aug 20130776104.253.52$2,734
Jul 20130742102.523.72$2,759
Jun 2013074494.403.93$2,926
May 2013069294.834.15$2,871
Apr 2013077593.964.28$3,319
Mar 2013096493.623.91$3,772
Feb 2013067791.233.42$2,315
Jan 2013071191.603.42$2,432
Dec 2012075686.773.42$2,586
Nov 2012090886.953.62$3,291
Oct 201201,04189.383.40$3,539
Sep 201201,38494.672.92$4,039
Aug 201201,56292.662.91$4,543
Jul 201201,61585.133.02$4,879
Jun 201201,56679.822.52$3,945
May 201201,33691.612.49$3,324
Apr 201201,269101.652.00$2,534
Mar 201201,223105.052.22$2,718
Feb 201201,281101.102.57$3,292
Jan 201201,25798.092.73$3,437
Dec 201101,10496.873.24$3,577
Nov 2011070295.723.31$2,325
Oct 2011076384.983.65$2,784
Sep 2011075583.623.99$3,009
Aug 2011084183.404.15$3,490
Jul 2011094794.144.52$4,278
Jun 2011090392.904.64$4,190
May 2011092998.134.40$4,092
Apr 20110405105.964.33$1,755
Mar 2011083296.364.06$3,376
Feb 20111062685.644.18$3,473
Jan 2011086586.504.59$3,969
Dec 2010095685.734.35$4,156
Nov 201001,34480.843.80$5,101
Oct 201001,55478.103.51$5,453
Sep 201001,28072.633.98$5,094
Aug 201001,03573.684.42$4,574
Jul 201001,06772.554.74$5,054
Jun 201001,17070.364.91$5,745
May 201001,12671.124.24$4,769
Apr 201001,16181.694.12$4,786
Mar 2010097178.394.39$4,261
Feb 2010071073.585.44$3,864
Jan 2010093574.365.96$5,576
Dec 2009086571.445.48$4,743
Nov 2009094674.593.75$3,549
Oct 200901,11172.544.11$4,566
Sep 200901,09065.543.06$3,341
Aug 200901,14967.423.22$3,698
Jul 200901,09861.133.46$3,804
Jun 200901,10066.163.90$4,285
May 200901,35954.743.93$5,335
Apr 200901,25446.773.59$4,499
Mar 200901,63642.144.06$6,641
Feb 200901,31532.814.63$6,092
Jan 200901,44535.865.37$7,761
Dec 200801,48237.105.98$8,858
Nov 200801,58355.496.86$10,860
Oct 200801,58275.246.92$10,951
Sep 200801,634101.767.88$12,871
Aug 200801,768114.228.48$14,998
Jul 200801,798131.0811.39$20,478
Jun 200801,898131.3313.03$24,736
May 200802,047123.1711.57$23,693
Apr 200802,066110.3110.45$21,600
Mar 200802,335101.909.66$22,566
Feb 200802,08492.538.77$18,278
Jan 200802,05090.388.21$16,822
Dec 200702,03788.337.30$14,874
Nov 200702,32591.677.29$16,953
Oct 200701,87082.856.92$12,944
Sep 200701,53875.846.24$9,604
Aug 200701,73869.066.39$11,102
Jul 200701,76570.906.39$11,275
Jun 200701,79162.007.55$13,519
May 200702,02958.747.85$15,920
Apr 200701,89759.617.81$14,806
Mar 200701,95656.927.30$14,283
Feb 200701,73255.108.22$14,230
Jan 200701,85350.306.73$12,465
Dec 200602,02356.656.92$13,996
Nov 20060054.207.62$0
Oct 200602,18254.906.01$13,122
Sep 200602,89460.085.04$14,578
Aug 200602,95768.717.34$21,704
Jul 20060069.376.34$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.

Nov 2018 — as filed, then multipliedworked
Condensate             0 bbl  × $ 52.93 =         $0
Gas                  497 Mcf  × $  4.24 =     $2,106

────────────────────────────────────────────────────
Month total                                   $2,106

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/221226 is the state's own key, not one this site invented.