FINLEY, J.J.

Operated by SPINDLETOP OIL & GAS COMPANY (P-5 809930) in the RANGER field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 22336District 7BField 74657001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$381 k
Jan 1993 – Nov 2006
Value, last 12 filed months
$43 k
at the published price for each month
Months reported
167
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 103 leases and 361 wells, and the rule below applies to all of them.

Discovered
1959-12-05
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 register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: NOT A DISCOVERY

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
OilDisposition2,752 bbl$73,338
Casinghead gasProduction104,963 Mcf$307,459
Total$380,797

37,109 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 32.3937, -98.7379. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.39371, -98.73790 · 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
3,806 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 3,806 ft.

Completions filed
Mar 1985
1 of 1 wells

1 well

42-1333635513,806 ftMar 1985Yes

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 (167)

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

167 months

Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 2006166068.717.34$11,406
Jul 20060069.376.34$0
Jun 2006052766.286.38$3,364
May 2006063466.016.42$4,073
Apr 2006060964.397.36$4,483
Mar 2006060656.707.08$4,292
Feb 2006042357.597.75$3,279
Jan 2006060160.598.93$5,369
Dec 2005053254.9413.42$7,137
Nov 2005057654.6910.59$6,099
Oct 200516564158.3413.80$18,469
Sep 2005049461.4512.08$5,967
Aug 2005059761.519.80$5,849
Jul 2005054955.697.84$4,306
Jun 2005055552.337.38$4,096
May 2005051845.226.65$3,445
Apr 2005055249.207.36$4,063
Mar 2005054850.377.15$3,921
Feb 200516151545.226.31$10,531
Jan 2005060143.166.32$3,800
Dec 2004047939.866.75$3,234
Nov 2004050145.286.33$3,172
Oct 2004053449.706.52$3,479
Sep 2004062243.245.28$3,287
Aug 2004048542.375.55$2,692
Jul 200410163438.286.08$7,724
Jun 2004062136.106.43$3,995
May 2004069237.486.49$4,494
Apr 2004057634.475.86$3,374
Mar 2004069034.365.53$3,816
Feb 2004052932.455.51$2,915
Jan 200401532.036.30$94
Dec 20035759230.266.30$5,455
Nov 2003064628.804.60$2,968
Oct 20036364628.174.76$4,849
Sep 2003066126.314.75$3,139
Aug 2003063129.765.13$3,237
Jul 2003061129.415.17$3,159
Jun 2003029328.565.98$1,753
May 2003071326.595.97$4,259
Apr 2003045626.675.41$2,466
Mar 200318363931.146.10$9,594
Feb 2003041033.487.93$3,250
Jan 2003057430.315.58$3,204
Dec 2002056126.914.85$2,723
Nov 2002065824.664.14$2,722
Oct 2002062126.464.23$2,626
Sep 2002081227.443.64$2,952
Aug 2002081225.963.16$2,569
Jul 2002080024.583.06$2,449
Jun 2002067323.733.34$2,247
May 2002076224.663.58$2,731
Apr 200217669223.653.51$6,593
Mar 2002054922.003.10$1,703
Feb 2002035918.222.38$853
Jan 20020117.172.38$2
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 2001041919.782.53$1,060
Sep 2001080524.262.25$1,812
Aug 2001072024.873.05$2,198
Jul 2001099623.933.20$3,184
Jun 2001089624.563.82$3,426
May 2001029625.524.31$1,275
Apr 2001064624.685.34$3,447
Mar 2001068624.545.38$3,688
Feb 2001091827.755.77$5,294
Jan 200101,11427.478.40$9,356
Dec 2000055026.889.12$5,017
Nov 2000058832.215.66$3,327
Oct 2000064631.235.15$3,324
Sep 2000070131.875.19$3,636
Aug 2000067729.644.54$3,074
Jul 2000055428.534.09$2,266
Jun 2000053729.304.40$2,361
May 2000059327.263.68$2,182
Apr 2000048824.513.12$1,521
Mar 2000050128.422.86$1,433
Feb 2000032527.622.73$886
Jan 200016133225.272.48$4,892
Dec 1999037724.282.42$914
Nov 1999043023.192.43$1,047
Oct 1999055920.982.80$1,567
Sep 1999062021.752.62$1,624
Aug 1999050719.262.88$1,458
Jul 1999062617.892.37$1,485
Jun 1999061915.942.36$1,462
May 1999059715.792.32$1,386
Apr 199915060815.102.21$3,607
Mar 1999055312.471.84$1,017
Feb 199904869.981.82$883
Jan 1999051410.381.90$977
Dec 199806349.201.77$1,124
Nov 1998055310.892.19$1,209
Oct 1998056512.421.97$1,113
Sep 1998076112.592.08$1,585
Aug 1998082111.301.91$1,566
Jul 1998066911.742.24$1,497
Jun 199814065611.242.24$3,041
May 1998065912.622.21$1,454
Apr 1998057013.042.51$1,428
Mar 1998068912.802.31$1,591
Feb 1998059913.952.30$1,377
Jan 1998072814.702.15$1,569
Dec 1997052916.322.41$1,275
Nov 1997068418.193.09$2,112
Oct 1997069019.253.15$2,173
Sep 1997071017.742.95$2,098
Aug 199716476017.862.55$4,871
Jul 1997074317.582.25$1,669
Jun 1997074317.242.26$1,677
May 1997081018.972.31$1,870
Apr 1997078517.882.08$1,635
Mar 1997082618.951.94$1,602
Feb 1997077420.492.21$1,707
Jan 1997078423.483.54$2,775
Dec 1996077623.32$0
Nov 1996069021.97$0
Oct 1996079823.31$0
Sep 1996079522.22$0
Aug 1996076920.26$0
Jul 199613441219.55$2,620
Jun 1996078018.73$0
May 1996075319.43$0
Apr 1996072021.51$0
Mar 1996070919.38$0
Feb 1996061316.98$0
Jan 1996053517.07$0
Dec 1995074217.19$0
Nov 199516671516.00$2,656
Oct 1995078015.43$0
Sep 1995079316.18$0
Aug 1995085215.92$0
Jul 1995088915.24$0
Jun 1995086616.41$0
May 1995089317.56$0
Apr 1995087817.73$0
Mar 1995080916.44$0
Feb 199511569416.58$1,907
Jan 1995084315.92$0
Dec 1994082515.03$0
Nov 199415181515.90$2,401
Oct 1994087915.58$0
Sep 1994089815.29$0
Aug 199401,00916.13$0
Jul 199401,02917.56$0
Jun 1994094117.09$0
May 1994084015.88$0
Apr 1994046314.14$0
Mar 199417757712.46$2,205
Feb 1994057812.50$0
Jan 1994068312.66$0
Dec 1993065812.33$0
Nov 1993077714.49$0
Oct 1993071015.85$0
Sep 199314669715.03$2,194
Aug 1993068615.66$0
Jul 1993073515.46$0
Jun 1993074116.79$0
May 1993077317.68$0
Apr 1993079718.05$0
Mar 1993089218.14$0
Feb 1993090217.90$0
Jan 19931761,10016.93$2,980

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 2006 — as filed, then multipliedworked
Oil                  166 bbl  × $ 68.71 =    $11,406
Casinghead gas         0 Mcf  × $  7.34 =         $0

────────────────────────────────────────────────────
Month total                                  $11,406

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/22336 is the state's own key, not one this site invented.