POWERS, ET AL

Operated by PLACE OIL AND GAS CO. (P-5 667700) in the W.D.H. (MARBLE FALLS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18536District 7BField 94255300NGPA filingOilCasinghead gasSaveExport
Value, all time
$986 k
Jan 1993 – Nov 2013
Value, last 12 filed months
$0
at the published price for each month
Months reported
251
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 5 leases and 5 wells, and the rule below applies to all of them.

Discovered
1982-03-28
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

The Commission's schedule remark for this field reads: EXEMPT FIELD EFF 01/2014 - ELK.

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
OilDisposition2,131 bbl$85,059
Casinghead gasProduction237,904 Mcf$901,341
Total$986,400

48,553 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 32.3378, -98.5413. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.33780, -98.54125 · 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
0.0%
0 of 1 wells
Median depth
3,800 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 3,800 ft.

Completions filed
Apr 1982
1 of 1 wells

1 well

42-133336221 A3,800 ftApr 1982Yes

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 (251)

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

251 months

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 2012122085.133.02$10,386
Jun 2012079379.822.52$1,998
May 2012083991.612.49$2,088
Apr 20120813101.652.00$1,623
Mar 20120867105.052.22$1,927
Feb 20120819101.102.57$2,105
Jan 2012091798.092.73$2,507
Dec 2011092596.873.24$2,997
Nov 2011095195.723.31$3,149
Oct 201101,07584.983.65$3,922
Sep 201101,21183.623.99$4,827
Aug 201101,58283.404.15$6,564
Jul 2011040094.144.52$1,807
Jun 20110392.904.64$14
May 201103598.134.40$154
Apr 20110510105.964.33$2,210
Mar 2011056696.364.06$2,296
Feb 2011057385.644.18$2,395
Jan 2011058486.504.59$2,680
Dec 2010053485.734.35$2,322
Nov 2010081980.843.80$3,108
Oct 2010083778.103.51$2,937
Sep 2010085372.633.98$3,394
Aug 2010077773.684.42$3,434
Jul 2010082572.554.74$3,908
Jun 2010089570.364.91$4,395
May 2010083471.124.24$3,532
Apr 201016682481.694.12$16,958
Mar 2010088078.394.39$3,862
Feb 2010073173.585.44$3,978
Jan 2010089274.365.96$5,320
Dec 2009071271.445.48$3,904
Nov 2009074774.593.75$2,802
Oct 2009086272.544.11$3,543
Sep 2009075565.543.06$2,314
Aug 2009077967.423.22$2,507
Jul 2009082761.133.46$2,865
Jun 2009080066.163.90$3,116
May 2009068254.743.93$2,677
Apr 2009072946.773.59$2,615
Mar 2009071842.144.06$2,914
Feb 2009083032.814.63$3,845
Jan 2009098235.865.37$5,274
Dec 2008068537.105.98$4,094
Nov 2008086055.496.86$5,900
Oct 2008090875.246.92$6,285
Sep 20080701101.767.88$5,522
Aug 20080893114.228.48$7,575
Jul 20080942131.0811.39$10,729
Jun 20080868131.3313.03$11,312
May 2008165937123.1711.57$31,168
Apr 20080908110.3110.45$9,493
Mar 20080929101.909.66$8,978
Feb 2008076992.538.77$6,745
Jan 2008090190.388.21$7,393
Dec 2007021888.337.30$1,592
Nov 2007054391.677.29$3,959
Oct 2007057982.856.92$4,008
Sep 2007056175.846.24$3,503
Aug 2007061069.066.39$3,897
Jul 2007087870.906.39$5,609
Jun 2007086762.007.55$6,545
May 200701,02858.747.85$8,066
Apr 2007085659.617.81$6,681
Mar 200701,13356.927.30$8,273
Feb 200701,05655.108.22$8,676
Jan 200701,31250.306.73$8,826
Dec 2006086556.656.92$5,984
Nov 2006080254.207.62$6,109
Oct 200601,23054.906.01$7,397
Sep 2006086260.085.04$4,342
Aug 200601,09868.717.34$8,059
Jul 200601,09969.376.34$6,971
Jun 20061601,00666.286.38$17,027
May 200601,04866.016.42$6,733
Apr 200601,09164.397.36$8,030
Mar 200601,20656.707.08$8,542
Feb 2006076457.597.75$5,922
Jan 200601,28660.598.93$11,488
Dec 2005054254.9413.42$7,271
Nov 2005082354.6910.59$8,714
Oct 2005090858.3413.80$12,527
Sep 200501,06061.4512.08$12,804
Aug 200501,18461.519.80$11,599
Jul 200501,26855.697.84$9,946
Jun 200501,00752.337.38$7,433
May 200501,45745.226.65$9,691
Apr 2005033649.207.36$2,473
Mar 2005052150.377.15$3,728
Feb 2005081945.226.31$5,169
Jan 2005097543.166.32$6,164
Dec 2004094639.866.75$6,387
Nov 2004096145.286.33$6,084
Oct 200401,03649.706.52$6,750
Sep 200401,02843.245.28$5,432
Aug 200401,04542.375.55$5,800
Jul 2004097538.286.08$5,932
Jun 2004095336.106.43$6,131
May 200401,09437.486.49$7,105
Apr 200401,06034.475.86$6,210
Mar 200401,13234.365.53$6,260
Feb 200401,09132.455.51$6,011
Jan 200401,18632.036.30$7,471
Dec 200301,18630.266.30$7,474
Nov 2003089528.804.60$4,113
Oct 200301,22328.174.76$5,821
Sep 2003091826.314.75$4,360
Aug 200301,14229.765.13$5,858
Jul 200301,01529.415.17$5,248
Jun 2003064628.565.98$3,865
May 200301,19926.595.97$7,161
Apr 200301,35226.675.41$7,311
Mar 200301,56931.146.10$9,565
Feb 200301,78433.487.93$14,140
Jan 200312776730.315.58$8,131
Dec 2002062826.914.85$3,048
Nov 200201,02024.664.14$4,220
Oct 200201,69226.464.23$7,156
Sep 2002063327.443.64$2,301
Aug 200201,32925.963.16$4,205
Jul 2002096224.583.06$2,945
Jun 200201,01223.733.34$3,378
May 200201,01624.663.58$3,641
Apr 200201,16023.653.51$4,074
Mar 200201,19422.003.10$3,705
Feb 2002090418.222.38$2,148
Jan 200201,25917.172.38$2,991
Dec 200101,14516.932.36$2,707
Nov 200101,18918.072.41$2,860
Oct 200101,39819.782.53$3,535
Sep 200101,18024.262.25$2,657
Aug 200101,22224.873.05$3,731
Jul 200101,19123.933.20$3,808
Jun 200101,20824.563.82$4,620
May 200101,29225.524.31$5,565
Apr 200101,38324.685.34$7,379
Mar 200101,14524.545.38$6,156
Feb 200101,25827.755.77$7,255
Jan 200101,10027.478.40$9,239
Dec 200001,13526.889.12$10,354
Nov 200001,14732.215.66$6,490
Oct 200001,27831.235.15$6,576
Sep 200001,05731.875.19$5,482
Aug 2000771,30429.644.54$8,203
Jul 200001,29028.534.09$5,276
Jun 200001,31629.304.40$5,787
May 200001,36427.263.68$5,019
Apr 200001,33724.513.12$4,166
Mar 200001,34228.422.86$3,838
Feb 200001,22727.622.73$3,345
Jan 200001,16225.272.48$2,882
Dec 199901,15424.282.42$2,797
Nov 199901,09623.192.43$2,668
Oct 199901,14920.982.80$3,221
Sep 1999089821.752.62$2,352
Aug 199915879819.262.88$5,338
Jul 199901,37617.892.37$3,264
Jun 199901,28315.942.36$3,031
May 199901,30315.792.32$3,024
Apr 199901,26615.102.21$2,795
Mar 199901,32012.471.84$2,427
Feb 199901,4899.981.82$2,707
Jan 199901,51910.381.90$2,886
Dec 199801,4509.201.77$2,571
Nov 199801,52410.892.19$3,331
Oct 199801,58412.421.97$3,119
Sep 199801,57612.592.08$3,282
Aug 199801,64611.301.91$3,140
Jul 199801,71311.742.24$3,832
Jun 199801,73011.242.24$3,870
May 199802,10212.622.21$4,638
Apr 199801,24013.042.51$3,107
Mar 199801,82012.802.31$4,203
Feb 1998069213.952.30$1,591
Jan 1998089714.702.15$1,933
Dec 1997094616.322.41$2,281
Nov 199701,42218.193.09$4,392
Oct 1997167019.253.15$3,215
Sep 199701,07017.742.95$3,162
Aug 199701,08717.862.55$2,777
Jul 199701,10617.582.25$2,485
Jun 199701,15017.242.26$2,596
May 199701,24218.972.31$2,867
Apr 199701,40917.882.08$2,935
Mar 199701,14218.951.94$2,215
Feb 1997067120.492.21$1,480
Jan 199701,01323.483.54$3,586
Dec 199601,15523.32$0
Nov 199601,16921.97$0
Oct 199601,46323.31$0
Sep 199601,65022.22$0
Aug 199601,64720.26$0
Jul 199602,12019.55$0
Jun 199646535018.73$8,709
May 1996078319.43$0
Apr 199610071821.51$2,151
Mar 1996079119.38$0
Feb 1996067916.98$0
Jan 1996077217.07$0
Dec 1995076617.19$0
Nov 1995079116.00$0
Oct 1995071415.43$0
Sep 1995070116.18$0
Aug 1995075315.92$0
Jul 1995073015.24$0
Jun 1995055516.41$0
May 19957772717.56$1,352
Apr 1995070217.73$0
Mar 1995074516.44$0
Feb 1995070916.58$0
Jan 1995082715.92$0
Dec 1994085915.03$0
Nov 1994090915.90$0
Oct 199401,00815.58$0
Sep 19941781,00015.29$2,722
Aug 199401,10916.13$0
Jul 199401,15717.56$0
Jun 199401,14317.09$0
May 199401,19015.88$0
Apr 199401,15414.14$0
Mar 199401,20212.46$0
Feb 199401,09412.50$0
Jan 199401,19412.66$0
Dec 199301,32412.33$0
Nov 1993097814.49$0
Oct 199301,11815.85$0
Sep 199301,02415.03$0
Aug 199301,08815.66$0
Jul 199301,40215.46$0
Jun 199301,06516.79$0
May 199301,17917.68$0
Apr 1993093518.05$0
Mar 199301,13118.14$0
Feb 199301,07317.90$0
Jan 19931691,20016.93$2,861

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.

Jul 2012 — as filed, then multipliedworked
Oil                  122 bbl  × $ 85.13 =    $10,386
Casinghead gas         0 Mcf  × $  3.02 =         $0

────────────────────────────────────────────────────
Month total                                  $10,386

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/18536 is the state's own key, not one this site invented.