G. M. SMITH

Operated by TRACKER MINERAL (P-5 864023) in the EULA, NW. (COOK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24951District 7BField 29612333OilCasinghead gasSaveExport
Value, all time
$307 k
Jan 1993 – Jan 2011
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
217
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 9 leases and 35 wells, and the rule below applies to all of them.

Discovered
1954-09-19
as the register files it
Field class
Oil
the register's own label
Between wells
660 ft
minimum
From a lease line
150 ft
minimum

A drilling unit in this field needs at least 10 acres.

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
OilDisposition13,831 bbl$306,811
Casinghead gasProduction70 Mcf$53
Total$306,864

48 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 (3)

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 32.3618, -99.5749. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.36191, -99.57495 · 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%
3 of 3 wells
With a plug date
100.0%
3 of 3 wells
Median depth
1,870 ft
3 wells filed one
Completion to plug
20.2 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
3100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
3100.0%
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 1,861 and 1,902 ft, median 1,870 ft, over the 3 wells that filed a depth.

Completions filed
May 1988 – May 1993
3 of 3 wells
Plug dates filed
Aug 2010 – Oct 2010
3 of 3 wells

Last completion to plug: a median of 20.2 years across the 3 wells that filed both dates, with the middle half between 18.8 years and 21.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-0593590721,870 ftMay 1993Oct 2010Yes
42-0593607731,861 ftAug 1990Oct 2010Yes
42-0593587711,902 ftMay 1988Aug 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 (217)

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

217 months

Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 201054070.364.91$3,799
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 2009145065.543.06$9,503
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 2008900114.228.48$10,280
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 2008970101.909.66$9,884
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 2006165056.656.92$9,347
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 2005170054.6910.59$9,297
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 20050045.226.65$0
Apr 20050049.207.36$0
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 200379030.266.30$2,391
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 200361029.415.17$1,794
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 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 200196024.563.82$2,358
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 2000167032.215.66$5,379
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 2000172028.422.86$4,888
Feb 20000027.622.73$0
Jan 200023025.272.48$581
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 1999172021.752.62$3,741
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 1999173015.792.32$2,732
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 19980010.892.19$0
Oct 19980112.421.97$2
Sep 1998144112.592.08$1,815
Aug 19980111.301.91$2
Jul 19980111.742.24$2
Jun 19980111.242.24$2
May 19980112.622.21$2
Apr 1998168113.042.51$2,193
Mar 19980112.802.31$2
Feb 19980113.952.30$2
Jan 19980114.702.15$2
Dec 1997150116.322.41$2,450
Nov 19970118.193.09$3
Oct 1997153119.253.15$2,948
Sep 1997175117.742.95$3,107
Aug 1997182117.862.55$3,253
Jul 1997307117.582.25$5,399
Jun 1997343117.242.26$5,916
May 1997348118.972.31$6,604
Apr 1997354117.882.08$6,332
Mar 1997350118.951.94$6,634
Feb 1997517120.492.21$10,596
Jan 1997334123.483.54$7,846
Dec 1996708123.32$16,511
Nov 1996520121.97$11,424
Oct 1996685123.31$15,967
Sep 1996490122.22$10,888
Aug 1996872120.26$17,667
Jul 1996854119.55$16,696
Jun 1996517118.73$9,683
May 1996168119.43$3,264
Apr 1996175121.51$3,764
Mar 1996180119.38$3,488
Feb 1996164116.98$2,785
Jan 1996169117.07$2,885
Dec 1995179117.19$3,077
Nov 1995175116.00$2,800
Oct 1995176115.43$2,716
Sep 1995179116.18$2,896
Aug 1995177115.92$2,818
Jul 1995170115.24$2,591
Jun 1995168116.41$2,757
May 1995171117.56$3,003
Apr 1995149117.73$2,642
Mar 1995171116.44$2,811
Feb 1995166116.58$2,752
Jan 1995166115.92$2,643
Dec 19940115.03$0
Nov 1994174115.90$2,767
Oct 1994173115.58$2,695
Sep 19940115.29$0
Aug 199458116.13$936
Jul 19940117.56$0
Jun 19940117.09$0
May 199475115.88$1,191
Apr 1994154114.14$2,178
Mar 19940112.46$0
Feb 1994137112.50$1,713
Jan 19940112.66$0
Dec 19930112.33$0
Nov 19930114.49$0
Oct 19930115.85$0
Sep 19930115.03$0
Aug 19930115.66$0
Jul 19930115.46$0
Jun 19930116.79$0
May 1993158117.68$2,793
Apr 19930118.05$0
Mar 1993164118.14$2,975
Feb 19930117.90$0
Jan 19930116.93$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.

Jun 2010 — as filed, then multipliedworked
Oil                   54 bbl  × $ 70.36 =     $3,799
Casinghead gas         0 Mcf  × $  4.91 =         $0

────────────────────────────────────────────────────
Month total                                   $3,799

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/24951 is the state's own key, not one this site invented.