BARNETT "B"

Operated by RAYCO OPERATING, INC. (P-5 695568) in the NOVICE, NORTH (GRAY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14524District 7BField 66255333NGPA filingOilCasinghead gasSaveExport
Value, all time
$796 k
Jan 1993 – Jul 2010
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
211
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 11 leases and 14 wells, and the rule below applies to all of them.

Discovered
1947-02-08
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 06/01/89.

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
OilDisposition24,423 bbl$500,841
Casinghead gasProduction232,165 Mcf$294,793
Total$795,634

113,776 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 (2)

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 31.9879, -99.6041. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

31.98794, -99.60412 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
3,765 ft
2 wells filed one
Completion to plug
31.5 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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 3,760 and 3,770 ft, median 3,765 ft, over the 2 wells that filed a depth.

Completions filed
Aug 1978 – Mar 1979
2 of 2 wells
Plug dates filed
May 2010
2 of 2 wells

Last completion to plug: a median of 31.5 years across the 2 wells that filed both dates, with the middle half between 31.3 years and 31.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-0833168423,770 ftMar 1979May 2010Yes
42-0830067213,760 ftAug 1978May 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 (211)

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

211 months

Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 201038071.124.24$2,703
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 2007232075.846.24$17,595
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 2006169068.717.34$11,612
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 2006186057.597.75$10,712
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 2005175061.519.80$10,764
Jul 20050055.697.84$0
Jun 2005176052.337.38$9,210
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 2005160045.226.31$7,235
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 2004183045.286.33$8,286
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 2004176042.375.55$7,457
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 2004180037.486.49$6,746
Apr 20040034.475.86$0
Mar 2004173034.365.53$5,944
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 2003180028.804.60$5,184
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 2003177029.765.13$5,268
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 2003174026.595.97$4,627
Apr 20030026.675.41$0
Mar 2003180031.146.10$5,605
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 2002186026.914.85$5,005
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 2002178025.963.16$4,621
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 2002157024.663.58$3,872
Apr 20020023.653.51$0
Mar 2002141022.003.10$3,102
Feb 2002175018.222.38$3,189
Jan 20020017.172.38$0
Dec 2001174016.932.36$2,946
Nov 20010018.072.41$0
Oct 2001179019.782.53$3,541
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 2001178023.933.20$4,260
Jun 20010024.563.82$0
May 2001169025.524.31$4,313
Apr 20010024.685.34$0
Mar 2001180024.545.38$4,417
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 200016642326.889.12$8,321
Nov 2000067532.215.66$3,819
Oct 2000082831.235.15$4,260
Sep 20001761,47231.875.19$13,244
Aug 20000029.644.54$0
Jul 200017165928.534.09$7,574
Jun 2000073629.304.40$3,236
May 2000038827.263.68$1,428
Apr 20001681,01624.513.12$7,284
Mar 2000072728.422.86$2,079
Feb 200017721827.622.73$5,483
Jan 2000034025.272.48$843
Dec 1999073324.282.42$1,777
Nov 199917970323.192.43$5,862
Oct 1999060220.982.80$1,688
Sep 199917848121.752.62$5,131
Aug 1999081719.262.88$2,349
Jul 19991751,56717.892.37$6,848
Jun 19991791,14115.942.36$5,548
May 19991731,66715.792.32$6,601
Apr 1999084215.102.21$1,859
Mar 199929186812.471.84$5,224
Feb 199901,8969.981.82$3,447
Jan 199901,68110.381.90$3,194
Dec 19981717359.201.77$2,877
Nov 19981711,30610.892.19$4,717
Oct 199812,23712.421.97$4,418
Sep 19981742,47912.592.08$7,353
Aug 19981712,07611.301.91$5,892
Jul 19981692,14911.742.24$6,792
Jun 19981712,50211.242.24$7,520
May 19981695,41212.622.21$14,073
Apr 19981724,25613.042.51$12,906
Mar 19981724,20212.802.31$11,906
Feb 19981744,06813.952.30$11,780
Jan 19981784,69114.702.15$12,725
Dec 19971754,64416.322.41$14,053
Nov 19971783,68518.193.09$14,618
Oct 19971755,19119.253.15$19,719
Sep 19971664,36517.742.95$15,843
Aug 19971734,70817.862.55$15,118
Jul 19971726,54617.582.25$17,732
Jun 19971656,82617.242.26$18,252
May 19971706,62918.972.31$18,528
Apr 19971745,12917.882.08$13,794
Mar 19971736,42518.951.94$15,737
Feb 19971775,49520.492.21$15,748
Jan 19973422,15323.483.54$15,651
Dec 19961711,21123.32$3,988
Nov 19961742,31621.97$3,823
Oct 19961692,53823.31$3,939
Sep 19961712,67622.22$3,800
Aug 19961723,44520.26$3,485
Jul 19963403,20019.55$6,647
Jun 19961681,70818.73$3,147
May 19963401,78019.43$6,606
Apr 19961711,76421.51$3,678
Mar 19963471,79919.38$6,725
Feb 19961621,71616.98$2,751
Jan 19963481,71917.07$5,940
Dec 19951721,89817.19$2,957
Nov 19951791,85116.00$2,864
Oct 19953062,00915.43$4,722
Sep 19951581,93516.18$2,556
Aug 19954491,96815.92$7,148
Jul 19951782,06415.24$2,713
Jun 19951742,08216.41$2,855
May 19951812,18617.56$3,178
Apr 19953452,21917.73$6,117
Mar 19951802,31416.44$2,959
Feb 19951772,02116.58$2,935
Jan 19953572,09415.92$5,683
Dec 19941642,21815.03$2,465
Nov 19943522,29215.90$5,597
Oct 19941662,44415.58$2,586
Sep 19943352,65615.29$5,122
Aug 19943502,50216.13$5,646
Jul 19941632,18817.56$2,862
Jun 19943302,48417.09$5,640
May 19943212,54215.88$5,097
Apr 19943402,50114.14$4,808
Mar 19943572,61712.46$4,448
Feb 19943592,30912.50$4,488
Jan 19943622,66212.66$4,583
Dec 19933562,65612.33$4,389
Nov 19933452,57814.49$4,999
Oct 19933412,69415.85$5,405
Sep 19935062,70715.03$7,605
Aug 19933582,43815.66$5,606
Jul 19933582,92715.46$5,535
Jun 19933522,93916.79$5,910
May 19933573,02717.68$6,312
Apr 19935393,06718.05$9,729
Mar 19935433,07918.14$9,850
Feb 19931842,69317.90$3,294
Jan 19935543,04316.93$9,379

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.

May 2010 — as filed, then multipliedworked
Oil                   38 bbl  × $ 71.12 =     $2,703
Casinghead gas         0 Mcf  × $  4.24 =         $0

────────────────────────────────────────────────────
Month total                                   $2,703

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/O/14524 is the state's own key, not one this site invented.