LEE CATTLE COMPANY

Operated by MOMENTUM OPERATING CO., INC. (P-5 574324) in the DOS JAIMES (CADDO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24780District 7BField 25578300NGPA filingOilCasinghead gasSaveExport
Value, all time
$246 k
Jan 1993 – Jun 2005
Value, last 12 filed months
$1 k
at the published price for each month
Months reported
150
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 4 leases and 10 wells, and the rule below applies to all of them.

Discovered
1988-02-19
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
NGPA8none

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
OilDisposition13,656 bbl$246,278
Casinghead gasProduction13,291 Mcf$0
Total$246,278

13,291 Mcf of this lease's gas, across 36 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 (6)

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 33.1454, -99.2768. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.2 miles.

33.14162, -99.27570 · 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%
6 of 6 wells
With a plug date
100.0%
6 of 6 wells
Median depth
5,023 ft
6 wells filed one
Completion to plug
11.4 years
median over 6 wells

What the state filed about each well

On the RRC proration schedule
6100.0%
A plug date is filed
6100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
6100.0%
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 5,006 and 5,078 ft, median 5,023 ft, over the 6 wells that filed a depth.

Completions filed
Feb 1988 – Sep 1989
6 of 6 wells
Plug dates filed
Nov 1989 – Feb 2005
6 of 6 wells

Last completion to plug: a median of 11.4 years across the 6 wells that filed both dates, with the middle half between 10.7 years and 14.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells

42-4473501019715,025 ftSep 1989Jan 2005Yes
42-447349616A5,050 ftMay 1989Dec 1999Yes
42-447349024A5,006 ftApr 1989Feb 2005Yes
42-447349395A5,020 ftFeb 1989Dec 1999Yes
42-447348623A5,078 ftJun 1988Nov 1989Yes
42-447347441A5,013 ftFeb 1988Jan 2000Yes

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 (150)

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

150 months

Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 200527049.207.36$1,328
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 2001116024.262.25$2,814
Aug 20011024.873.05$25
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20011025.524.31$26
Apr 2001164024.685.34$4,048
Mar 20011024.545.38$25
Feb 20011027.755.77$28
Jan 20011027.478.40$27
Dec 2000175026.889.12$4,704
Nov 20000032.215.66$0
Oct 2000178031.235.15$5,559
Sep 20001031.875.19$32
Aug 20001029.644.54$30
Jul 2000153028.534.09$4,365
Jun 20002029.304.40$59
May 2000165027.263.68$4,498
Apr 20001024.513.12$25
Mar 2000231028.422.86$6,565
Feb 2000184027.622.73$5,082
Jan 20001025.272.48$25
Dec 19990024.282.42$0
Nov 1999180023.192.43$4,174
Oct 19991020.982.80$21
Sep 19991021.752.62$22
Aug 1999170019.262.88$3,274
Jul 19991017.892.37$18
Jun 19991015.942.36$16
May 1999179015.792.32$2,826
Apr 19990015.102.21$0
Mar 19991012.471.84$12
Feb 199917709.981.82$1,766
Jan 19990010.381.90$0
Dec 199817709.201.77$1,628
Nov 19981010.892.19$11
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 1998174011.301.91$1,966
Jul 19983011.742.24$35
Jun 1998177011.242.24$1,989
May 1998174012.622.21$2,196
Apr 19982013.042.51$26
Mar 1998190012.802.31$2,432
Feb 1998183013.952.30$2,553
Jan 19984014.702.15$59
Dec 1997176016.322.41$2,872
Nov 1997180018.193.09$3,274
Oct 19971019.253.15$19
Sep 1997179017.742.95$3,175
Aug 1997182017.862.55$3,251
Jul 1997180017.582.25$3,164
Jun 19972017.242.26$34
May 1997180018.972.31$3,415
Apr 1997180017.882.08$3,218
Mar 1997179018.951.94$3,392
Feb 19970020.492.21$0
Jan 1997183023.483.54$4,297
Dec 1996178023.32$4,151
Nov 1996184021.97$4,042
Oct 1996178023.31$4,149
Sep 19960022.22$0
Aug 1996180020.26$3,647
Jul 1996175019.55$3,421
Jun 1996354018.73$6,630
May 1996352019.43$6,839
Apr 1996533021.51$11,465
Mar 1996536119.38$10,388
Feb 19961752016.98$2,972
Jan 19961831817.07$3,124
Dec 1995168017.19$2,888
Nov 19950016.00$0
Oct 1995347015.43$5,354
Sep 19951798216.18$2,896
Aug 1995014815.92$0
Jul 199534220715.24$5,212
Jun 199517957516.41$2,937
May 199535626717.56$6,251
Apr 199507017.73$0
Mar 199504516.44$0
Feb 1995017116.58$0
Jan 199517719515.92$2,818
Dec 1994019215.03$0
Nov 199417918815.90$2,846
Oct 199418018615.58$2,804
Sep 1994018615.29$0
Aug 199417619016.13$2,839
Jul 199417526217.56$3,073
Jun 1994022317.09$0
May 199417653615.88$2,795
Apr 199417954314.14$2,531
Mar 199418353512.46$2,280
Feb 199418748312.50$2,338
Jan 199435555412.66$4,494
Dec 199317857412.33$2,195
Nov 199317556114.49$2,536
Oct 199317960315.85$2,837
Sep 199336478915.03$5,471
Aug 199317498615.66$2,725
Jul 199317653015.46$2,721
Jun 1993060016.79$0
May 199313053517.68$2,298
Apr 199317665218.05$3,177
Mar 199335758518.14$6,476
Feb 199318342717.90$3,276
Jan 199317657216.93$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.

Apr 2005 — as filed, then multipliedworked
Oil                   27 bbl  × $ 49.20 =     $1,328
Casinghead gas         0 Mcf  × $  7.36 =         $0

────────────────────────────────────────────────────
Month total                                   $1,328

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/24780 is the state's own key, not one this site invented.