USF & T

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

Operated by CHOLLA PETROLEUM, INC. (P-5 150683) in the NEWMAN (SWASTIKA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26173District 7BField 65343500OilCasinghead gasSave Export

Value, all time

$476 k

Jan 1993 – Dec 1998

Value, last 12 filed months

$32 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The NEWMAN (SWASTIKA) 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 15 leases and 61 wells, and the rule below applies to all of them.

Discovered

1957-01-06

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 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.

Stream	Basis	Volume	Value
Oil	Disposition	27,394 bbl	$469,067
Casinghead gas	Production	12,326 Mcf	$6,554
Total			$475,621

9,613 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 32.5637, -100.2807. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.56372, -100.28074 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

3,852 ft

1 wells filed one

Completion to plug

7.5 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

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

1100.0%

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 3,852 ft.

Completions filed

Apr 1991

1 of 1 wells

Plug dates filed

Oct 1998

1 of 1 wells

Last completion to plug: a median of 7.5 years across the 1 well that filed both dates, with the middle half between 7.5 years and 7.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-15132287	1	3,852 ft	Apr 1991	Oct 1998	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 (72)

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

72 months


Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	84	0	12.42	1.97	$1,043
Sep 1998	166	26	12.59	2.08	$2,144
Aug 1998	181	30	11.30	1.91	$2,103
Jul 1998	176	39	11.74	2.24	$2,153
Jun 1998	181	173	11.24	2.24	$2,421
May 1998	297	185	12.62	2.21	$4,156
Apr 1998	317	147	13.04	2.51	$4,502
Mar 1998	372	87	12.80	2.31	$4,963
Feb 1998	191	131	13.95	2.30	$2,966
Jan 1998	361	166	14.70	2.15	$5,664
Dec 1997	196	94	16.32	2.41	$3,425
Nov 1997	391	156	18.19	3.09	$7,594
Oct 1997	266	81	19.25	3.15	$5,376
Sep 1997	491	95	17.74	2.95	$8,991
Aug 1997	263	142	17.86	2.55	$5,060
Jul 1997	259	149	17.58	2.25	$4,888
Jun 1997	471	205	17.24	2.26	$8,583
May 1997	269	134	18.97	2.31	$5,412
Apr 1997	524	79	17.88	2.08	$9,534
Mar 1997	269	224	18.95	1.94	$5,532
Feb 1997	437	218	20.49	2.21	$9,435
Jan 1997	523	152	23.48	3.54	$12,818
Dec 1996	270	211	23.32	—	$6,296
Nov 1996	414	99	21.97	—	$9,096
Oct 1996	468	160	23.31	—	$10,909
Sep 1996	418	226	22.22	—	$9,288
Aug 1996	491	94	20.26	—	$9,948
Jul 1996	444	219	19.55	—	$8,680
Jun 1996	462	267	18.73	—	$8,653
May 1996	492	241	19.43	—	$9,560
Apr 1996	532	215	21.51	—	$11,443
Mar 1996	530	206	19.38	—	$10,271
Feb 1996	530	240	16.98	—	$8,999
Jan 1996	454	228	17.07	—	$7,750
Dec 1995	540	312	17.19	—	$9,283
Nov 1995	744	295	16.00	—	$11,904
Oct 1995	526	347	15.43	—	$8,116
Sep 1995	1,020	351	16.18	—	$16,504
Aug 1995	251	159	15.92	—	$3,996
Jul 1995	193	48	15.24	—	$2,941
Jun 1995	260	54	16.41	—	$4,267
May 1995	203	52	17.56	—	$3,565
Apr 1995	235	62	17.73	—	$4,167
Mar 1995	236	124	16.44	—	$3,880
Feb 1995	194	157	16.58	—	$3,217
Jan 1995	203	209	15.92	—	$3,232
Dec 1994	242	129	15.03	—	$3,637
Nov 1994	221	107	15.90	—	$3,514
Oct 1994	215	87	15.58	—	$3,350
Sep 1994	237	98	15.29	—	$3,624
Aug 1994	264	85	16.13	—	$4,258
Jul 1994	247	88	17.56	—	$4,337
Jun 1994	217	49	17.09	—	$3,709
May 1994	262	125	15.88	—	$4,161
Apr 1994	264	184	14.14	—	$3,733
Mar 1994	267	201	12.46	—	$3,327
Feb 1994	272	155	12.50	—	$3,400
Jan 1994	266	198	12.66	—	$3,368
Dec 1993	270	226	12.33	—	$3,329
Nov 1993	465	272	14.49	—	$6,738
Oct 1993	535	275	15.85	—	$8,480
Sep 1993	530	216	15.03	—	$7,966
Aug 1993	709	249	15.66	—	$11,103
Jul 1993	526	263	15.46	—	$8,132
Jun 1993	749	317	16.79	—	$12,576
May 1993	771	325	17.68	—	$13,631
Apr 1993	794	343	18.05	—	$14,332
Mar 1993	744	385	18.14	—	$13,496
Feb 1993	782	291	17.90	—	$13,998
Jan 1993	750	369	16.93	—	$12,698

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.

Oct 1998 — as filed, then multipliedworked

Oil                   84 bbl  × $ 12.42 =     $1,043
Casinghead gas         0 Mcf  × $  1.97 =         $0

────────────────────────────────────────────────────
Month total                                   $1,043

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/26173 is the state's own key, not one this site invented.