MARTIN, WALTER

Name: MARTIN, WALTER lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WALTER EXPLORATION COMPANY (P-5 895231) in the MENGEL, E. (CANYON SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 25291District 7BField 60496500OilCasinghead gasSave Export

Value, all time

$617 k

Jan 1993 – Feb 2007

Value, last 12 filed months

$85 k

at the published price for each month

Months reported

170

no gaps in the span

Streams

oil, casinghead gas

The MENGEL, E. (CANYON SAND) field

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 12 leases and 102 wells, and the rule below applies to all of them.

Discovered

1961-12-31

as the register files it

Field class

Oil

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1985-01-01.

The Commission's schedule remark for this field reads: “FIELDS RULES PERMANENT DKT #7B-87382 EFF. 5/19/86.”

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.

Stream	Basis	Volume	Value
Oil	Disposition	22,992 bbl	$551,606
Casinghead gas	Production	68,217 Mcf	$64,995
Total			$616,602

41,485 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 (4)

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 33.0467, -100.1848. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

33.04704, -100.18434 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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%

4 of 4 wells

With a plug date

100.0%

4 of 4 wells

Median depth

4,500 ft

4 wells filed one

Completion to plug

27.6 years

median over 4 wells

What the state filed about each well

On the RRC proration schedule

4100.0%

A plug date is filed

4100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

4100.0%

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 4,500 and 4,500 ft, median 4,500 ft, over the 4 wells that filed a depth.

Completions filed

May 1985 – May 2007

4 of 4 wells

Plug dates filed

May 2013 – Jun 2018

4 of 4 wells

Last completion to plug: a median of 27.6 years across the 4 wells that filed both dates, with the middle half between 23.2 years and 29.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells


42-43331900	1	4,500 ft	May 2007	Jun 2018	Yes
42-43332154	4	4,500 ft	Mar 1986	May 2013	Yes
42-43332001	3	4,500 ft	May 1985	Jan 2018	Yes
42-43331995	2	4,500 ft	May 1985	May 2013	Yes

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 (170)

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

170 months


Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	368	0	54.20	7.62	$19,946
Oct 2006	172	0	54.90	6.01	$9,443
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	167	0	68.71	7.34	$11,475
Jul 2006	170	0	69.37	6.34	$11,793
Jun 2006	171	0	66.28	6.38	$11,334
May 2006	168	0	66.01	6.42	$11,090
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	172	0	56.70	7.08	$9,752
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	174	0	60.59	8.93	$10,543
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	175	0	54.69	10.59	$9,571
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	160	0	61.45	12.08	$9,832
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	167	0	55.69	7.84	$9,300
Jun 2005	0	0	52.33	7.38	$0
May 2005	173	0	45.22	6.65	$7,823
Apr 2005	162	0	49.20	7.36	$7,970
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	177	0	45.22	6.31	$8,004
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	174	0	39.86	6.75	$6,936
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	172	0	49.70	6.52	$8,548
Sep 2004	172	0	43.24	5.28	$7,437
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	174	0	36.10	6.43	$6,281
May 2004	0	0	37.48	6.49	$0
Apr 2004	168	0	34.47	5.86	$5,791
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	177	0	32.45	5.51	$5,744
Jan 2004	178	0	32.03	6.30	$5,701
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	176	0	28.80	4.60	$5,069
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	166	0	26.31	4.75	$4,367
Aug 2003	160	0	29.76	5.13	$4,762
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	176	0	26.59	5.97	$4,680
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	177	0	31.14	6.10	$5,512
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	176	0	30.31	5.58	$5,335
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	174	0	24.66	4.14	$4,291
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	176	0	27.44	3.64	$4,829
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	175	0	24.58	3.06	$4,302
Jun 2002	0	0	23.73	3.34	$0
May 2002	167	0	24.66	3.58	$4,118
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	179	0	22.00	3.10	$3,938
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	182	0	16.93	2.36	$3,081
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	333	0	19.78	2.53	$6,587
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	173	0	23.93	3.20	$4,140
Jun 2001	177	0	24.56	3.82	$4,347
May 2001	0	0	25.52	4.31	$0
Apr 2001	194	0	24.68	5.34	$4,788
Mar 2001	140	0	24.54	5.38	$3,436
Feb 2001	143	0	27.75	5.77	$3,968
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	20	31.87	5.19	$104
Aug 2000	0	69	29.64	4.54	$313
Jul 2000	170	331	28.53	4.09	$6,204
Jun 2000	0	320	29.30	4.40	$1,407
May 2000	165	487	27.26	3.68	$6,290
Apr 2000	168	373	24.51	3.12	$5,280
Mar 2000	166	472	28.42	2.86	$6,068
Feb 2000	164	518	27.62	2.73	$5,942
Jan 2000	171	686	25.27	2.48	$6,023
Dec 1999	511	355	24.28	2.42	$13,268
Nov 1999	0	267	23.19	2.43	$650
Oct 1999	0	404	20.98	2.80	$1,133
Sep 1999	0	378	21.75	2.62	$990
Aug 1999	167	356	19.26	2.88	$4,240
Jul 1999	169	304	17.89	2.37	$3,745
Jun 1999	167	290	15.94	2.36	$3,347
May 1999	169	475	15.79	2.32	$3,771
Apr 1999	0	432	15.10	2.21	$954
Mar 1999	170	458	12.47	1.84	$2,962
Feb 1999	185	449	9.98	1.82	$2,662
Jan 1999	181	546	10.38	1.90	$2,916
Dec 1998	181	633	9.20	1.77	$2,788
Nov 1998	182	883	10.89	2.19	$3,912
Oct 1998	173	870	12.42	1.97	$3,862
Sep 1998	0	891	12.59	2.08	$1,856
Aug 1998	174	862	11.30	1.91	$3,610
Jul 1998	177	737	11.74	2.24	$3,727
Jun 1998	179	976	11.24	2.24	$4,196
May 1998	182	1,105	12.62	2.21	$4,735
Apr 1998	183	595	13.04	2.51	$3,877
Mar 1998	0	992	12.80	2.31	$2,291
Feb 1998	179	832	13.95	2.30	$4,410
Jan 1998	185	1,004	14.70	2.15	$4,883
Dec 1997	183	803	16.32	2.41	$4,923
Nov 1997	187	550	18.19	3.09	$5,100
Oct 1997	185	673	19.25	3.15	$5,681
Sep 1997	185	877	17.74	2.95	$5,873
Aug 1997	177	765	17.86	2.55	$5,116
Jul 1997	178	717	17.58	2.25	$4,740
Jun 1997	0	707	17.24	2.26	$1,596
May 1997	182	812	18.97	2.31	$5,327
Apr 1997	182	515	17.88	2.08	$4,327
Mar 1997	175	896	18.95	1.94	$5,054
Feb 1997	185	530	20.49	2.21	$4,960
Jan 1997	178	517	23.48	3.54	$6,009
Dec 1996	175	664	23.32	—	$4,081
Nov 1996	183	717	21.97	—	$4,021
Oct 1996	172	777	23.31	—	$4,009
Sep 1996	177	823	22.22	—	$3,933
Aug 1996	178	710	20.26	—	$3,606
Jul 1996	182	581	19.55	—	$3,558
Jun 1996	180	552	18.73	—	$3,371
May 1996	183	718	19.43	—	$3,556
Apr 1996	185	941	21.51	—	$3,979
Mar 1996	180	926	19.38	—	$3,488
Feb 1996	184	1,038	16.98	—	$3,124
Jan 1996	178	560	17.07	—	$3,038
Dec 1995	181	708	17.19	—	$3,111
Nov 1995	186	779	16.00	—	$2,976
Oct 1995	166	923	15.43	—	$2,561
Sep 1995	174	724	16.18	—	$2,815
Aug 1995	185	891	15.92	—	$2,945
Jul 1995	179	802	15.24	—	$2,728
Jun 1995	184	955	16.41	—	$3,019
May 1995	181	987	17.56	—	$3,178
Apr 1995	184	896	17.73	—	$3,262
Mar 1995	184	959	16.44	—	$3,025
Feb 1995	184	994	16.58	—	$3,051
Jan 1995	181	772	15.92	—	$2,882
Dec 1994	189	870	15.03	—	$2,841
Nov 1994	184	884	15.90	—	$2,926
Oct 1994	182	765	15.58	—	$2,836
Sep 1994	178	1,028	15.29	—	$2,722
Aug 1994	182	1,093	16.13	—	$2,936
Jul 1994	184	951	17.56	—	$3,231
Jun 1994	181	740	17.09	—	$3,093
May 1994	181	745	15.88	—	$2,874
Apr 1994	367	895	14.14	—	$5,189
Mar 1994	182	780	12.46	—	$2,268
Feb 1994	180	923	12.50	—	$2,250
Jan 1994	183	521	12.66	—	$2,317
Dec 1993	186	381	12.33	—	$2,293
Nov 1993	185	686	14.49	—	$2,681
Oct 1993	374	936	15.85	—	$5,928
Sep 1993	175	998	15.03	—	$2,630
Aug 1993	180	1,289	15.66	—	$2,819
Jul 1993	180	1,456	15.46	—	$2,783
Jun 1993	182	1,141	16.79	—	$3,056
May 1993	170	1,145	17.68	—	$3,006
Apr 1993	366	1,251	18.05	—	$6,606
Mar 1993	186	1,141	18.14	—	$3,374
Feb 1993	185	893	17.90	—	$3,312
Jan 1993	374	576	16.93	—	$6,332

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.

Nov 2006 — as filed, then multipliedworked

Oil                  368 bbl  × $ 54.20 =    $19,946
Casinghead gas         0 Mcf  × $  7.62 =         $0

────────────────────────────────────────────────────
Month total                                  $19,946

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/25291 is the state's own key, not one this site invented.