FRANKS, W. J. JR.

Operated by MKS NATURAL GAS COMPANY (P-5 518491) in the BRAZOS, EAST (CADDO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 37392District 7BField 11611400NGPA filingCondensateGasSaveExport
Value, all time
$22 k
Jan 1993 – Dec 2010
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
216
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 74 leases and 74 wells, and the rule below applies to all of them.

Discovered
1960-03-18
as the register files it
Field class
Gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1989-04-01.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 07/01/2000.

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
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
CondensateDisposition21 bbl$1,547
GasProduction16,191 Mcf$20,303
Total$21,850

10,989 Mcf of this lease's gas, across 46 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 32.7002, -98.0272. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.70017, -98.02724 · 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
4,422 ft
1 wells filed one
Completion to plug
47.3 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 4,422 ft.

Completions filed
Feb 1963
1 of 1 wells
Plug dates filed
May 2010
1 of 1 wells

Last completion to plug: a median of 47.3 years across the 1 well that filed both dates, with the middle half between 47.3 years and 47.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3670005114,422 ftFeb 1963May 2010Yes

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 (216)

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

216 months

Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 201021073.684.42$1,547
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 200800114.228.48$0
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 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 200504445.226.65$293
Apr 200504149.207.36$302
Mar 200504950.377.15$351
Feb 200505245.226.31$328
Jan 200509043.166.32$569
Dec 200406139.866.75$412
Nov 200403745.286.33$234
Oct 200406149.706.52$397
Sep 200408043.245.28$423
Aug 200408042.375.55$444
Jul 200407138.286.08$432
Jun 200402136.106.43$135
May 200401837.486.49$117
Apr 200408434.475.86$492
Mar 200408334.365.53$459
Feb 200405932.455.51$325
Jan 200403132.036.30$195
Dec 200302130.266.30$132
Nov 20030028.804.60$0
Oct 200307328.174.76$347
Sep 200304326.314.75$204
Aug 200307129.765.13$364
Jul 200305529.415.17$284
Jun 200304228.565.98$251
May 200303526.595.97$209
Apr 200303226.675.41$173
Mar 200302031.146.10$122
Feb 200302733.487.93$214
Jan 200303130.315.58$173
Dec 200203526.914.85$170
Nov 200207424.664.14$306
Oct 200205326.464.23$224
Sep 200202027.443.64$73
Aug 200206425.963.16$203
Jul 200204224.583.06$129
Jun 200205323.733.34$177
May 200203224.663.58$115
Apr 200202823.653.51$98
Mar 200204422.003.10$137
Feb 200203118.222.38$74
Jan 200208917.172.38$211
Dec 200106116.932.36$144
Nov 200104718.072.41$113
Oct 20010219.782.53$5
Sep 20010624.262.25$14
Aug 200101724.873.05$52
Jul 200104923.933.20$157
Jun 200107624.563.82$291
May 200109625.524.31$414
Apr 200108124.685.34$432
Mar 20010024.545.38$0
Feb 200102027.755.77$115
Jan 20010027.478.40$0
Dec 200004426.889.12$401
Nov 20000832.215.66$45
Oct 200003231.235.15$165
Sep 200009631.875.19$498
Aug 200004129.644.54$186
Jul 200006428.534.09$262
Jun 200006229.304.40$273
May 200002027.263.68$74
Apr 200002724.513.12$84
Mar 2000011828.422.86$337
Feb 200004627.622.73$125
Jan 200003125.272.48$77
Dec 199903624.282.42$87
Nov 199902723.192.43$66
Oct 199902420.982.80$67
Sep 199904621.752.62$120
Aug 199902419.262.88$69
Jul 1999011817.892.37$280
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980710.892.19$15
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980711.301.91$13
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 199802313.042.51$58
Mar 1998023712.802.31$547
Feb 19980013.952.30$0
Jan 1998017314.702.15$373
Dec 19970016.322.41$0
Nov 1997011118.193.09$343
Oct 19970019.253.15$0
Sep 1997035117.742.95$1,037
Aug 19970017.862.55$0
Jul 1997014017.582.25$315
Jun 1997016617.242.26$375
May 199708518.972.31$196
Apr 19970017.882.08$0
Mar 1997015918.951.94$308
Feb 199708320.492.21$183
Jan 1997036423.483.54$1,288
Dec 199602023.32$0
Nov 199603021.97$0
Oct 199602323.31$0
Sep 1996021322.22$0
Aug 1996013120.26$0
Jul 1996010019.55$0
Jun 1996012818.73$0
May 19960019.43$0
Apr 1996013221.51$0
Mar 199608919.38$0
Feb 1996014916.98$0
Jan 1996015217.07$0
Dec 1995026517.19$0
Nov 1995019116.00$0
Oct 1995036515.43$0
Sep 1995035616.18$0
Aug 1995038515.92$0
Jul 1995023215.24$0
Jun 1995013616.41$0
May 1995015517.56$0
Apr 1995019717.73$0
Mar 1995017216.44$0
Feb 1995018916.58$0
Jan 1995018815.92$0
Dec 1994040115.03$0
Nov 1994031215.90$0
Oct 1994035815.58$0
Sep 1994032815.29$0
Aug 1994020616.13$0
Jul 1994043517.56$0
Jun 1994028417.09$0
May 1994022215.88$0
Apr 1994024414.14$0
Mar 1994016712.46$0
Feb 1994016512.50$0
Jan 1994021212.66$0
Dec 19930012.33$0
Nov 1993017914.49$0
Oct 1993037915.85$0
Sep 1993018115.03$0
Aug 1993075515.66$0
Jul 1993022215.46$0
Jun 1993034416.79$0
May 1993032017.68$0
Apr 1993035418.05$0
Mar 1993019718.14$0
Feb 1993033617.90$0
Jan 1993039016.93$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.

Aug 2010 — as filed, then multipliedworked
Condensate            21 bbl  × $ 73.68 =     $1,547
Gas                    0 Mcf  × $  4.42 =         $0

────────────────────────────────────────────────────
Month total                                   $1,547

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/37392 is the state's own key, not one this site invented.