MAYME K. MARTIN UNIT

Operated by BP AMERICA PRODUCTION COMPANY (P-5 40798) in the BROWN-BASSETT (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 162551District 7CField 123907502 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.7 M
Mar 1997 – Sep 2008
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
139
no gaps in the span
Streams
2
condensate, 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 85 leases and 85 wells, and the rule below applies to all of them.

Discovered
1961-05-02
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: ALLOCATION FORMULA ADMIN.SUSPENDED EFFECTIVE 1-1-93.

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
High Cost Gas111997-06-26136664
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
CondensateDisposition1,052 bbl$28,844
GasProduction1,097,813 Mcf$3,701,338
Total$3,730,181

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 30.3576, -101.7481. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.35756, -101.74814 · 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
100.0%
1 of 1 wells
Median depth
8,415 ft
1 wells filed one
Completion to plug
11.5 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 8,415 ft.

Completions filed
Mar 1997
1 of 1 wells
Plug dates filed
Sep 2008
1 of 1 wells

Last completion to plug: a median of 11.5 years across the 1 well that filed both dates, with the middle half between 11.5 years and 11.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4433070438,415 ftMar 1997Sep 2008Yes

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 (139)

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

139 months

Sep 2008030101.767.88$236
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 200748082.856.92$3,977
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 2007102058.747.85$5,991
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070155.108.22$8
Jan 20070850.306.73$54
Dec 2006056356.656.92$3,895
Nov 200602,16754.207.62$16,507
Oct 2006056254.906.01$3,380
Sep 200601,46560.085.04$7,380
Aug 200602,82168.717.34$20,706
Jul 200603,23069.376.34$20,487
Jun 200603,72366.286.38$23,767
May 200603,67166.016.42$23,586
Apr 200602,89864.397.36$21,331
Mar 200603,01456.707.08$21,348
Feb 200603,06157.597.75$23,726
Jan 200603,81960.598.93$34,116
Dec 200503,49254.9413.42$46,847
Nov 200503,72154.6910.59$39,399
Oct 200503,74358.3413.80$51,638
Sep 200503,26661.4512.08$39,450
Aug 200504,02061.519.80$39,383
Jul 200503,81155.697.84$29,892
Jun 200503,61452.337.38$26,675
May 200503,84645.226.65$25,580
Apr 200504,75849.207.36$35,021
Mar 200503,36750.377.15$24,090
Feb 200503,18745.226.31$20,116
Jan 200503,63343.166.32$22,969
Dec 200403,40239.866.75$22,967
Nov 200403,02045.286.33$19,118
Oct 200404,89249.706.52$31,872
Sep 200405,50043.245.28$29,061
Aug 200404,16942.375.55$23,141
Jul 200403,68138.286.08$22,396
Jun 20041071,46736.106.43$13,300
May 200403,21337.486.49$20,867
Apr 200403,20434.475.86$18,771
Mar 200404,90934.365.53$27,147
Feb 200404,04632.455.51$22,292
Jan 200403,81432.036.30$24,027
Dec 200303,16230.266.30$19,926
Nov 200306,13828.804.60$28,205
Oct 200304,97328.174.76$23,670
Sep 200304,50826.314.75$21,410
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 200305,97128.565.98$35,724
May 20030026.595.97$0
Apr 200307,14626.675.41$38,640
Mar 200307,28631.146.10$44,416
Feb 200307,18333.487.93$56,932
Jan 2003012,39030.315.58$69,161
Dec 200205,98226.914.85$29,035
Nov 200203,14524.664.14$13,011
Oct 200203,88326.464.23$16,422
Sep 200203,13127.443.64$11,382
Aug 200203,50525.963.16$11,090
Jul 200204,63324.583.06$14,185
Jun 200205,91723.733.34$19,752
May 200202,86724.663.58$10,275
Apr 200205,16623.653.51$18,145
Mar 200207,69622.003.10$23,879
Feb 200209,36118.222.38$22,239
Jan 200214610,93617.172.38$28,487
Dec 200103,00016.932.36$7,093
Nov 200103,44818.072.41$8,294
Oct 200103,86719.782.53$9,779
Sep 200103,78924.262.25$8,530
Aug 200104,41524.873.05$13,480
Jul 200104,75223.933.20$15,193
Jun 200105,12824.563.82$19,610
May 20010025.524.31$0
Apr 200104,65124.685.34$24,815
Mar 200104,82024.545.38$25,914
Feb 200104,40127.755.77$25,381
Jan 200105,02227.478.40$42,179
Dec 200005,03526.889.12$45,932
Nov 200006,58732.215.66$37,269
Oct 200005,18231.235.15$26,664
Sep 200008,69731.875.19$45,107
Aug 200005,04729.644.54$22,917
Jul 200008,40028.534.09$34,354
Jun 200009,69429.304.40$42,627
May 200006,93627.263.68$25,523
Apr 200008,18724.513.12$25,511
Mar 2000010,39928.422.86$29,739
Feb 2000012,48927.622.73$34,051
Jan 2000015,67525.272.48$38,882
Dec 1999020,44824.282.42$49,560
Nov 199916111,21623.192.43$31,033
Oct 199905,79320.982.80$16,242
Sep 199905,89221.752.62$15,430
Aug 199905,38119.262.88$15,474
Jul 199906,63517.892.37$15,741
Jun 199907,08615.942.36$16,738
May 199908,41415.792.32$19,529
Apr 199906,86015.102.21$15,147
Mar 199907,42212.471.84$13,644
Feb 199907,6039.981.82$13,821
Jan 199909,43310.381.90$17,922
Dec 1998011,7359.201.77$20,810
Nov 1998014,56410.892.19$31,833
Oct 1998017,02612.421.97$33,528
Sep 1998019,34812.592.08$40,295
Aug 1998022,57011.301.91$43,049
Jul 1998011,60411.742.24$25,961
Jun 1998019,55511.242.24$43,750
May 1998025,50212.622.21$56,266
Apr 1998028,20713.042.51$70,668
Mar 1998028,87212.802.31$66,678
Feb 1998029,83613.952.30$68,597
Jan 1998031,79414.702.15$68,509
Dec 1997032,46216.322.41$78,269
Nov 199716129,19818.193.09$93,100
Oct 1997027,39019.253.15$86,274
Sep 1997034,26817.742.95$101,258
Aug 199715337,67517.862.55$98,982
Jul 1997034,42417.582.25$77,349
Jun 1997034,05317.242.26$76,864
May 1997037,13718.972.31$85,731
Apr 199717442,56917.882.08$91,773
Mar 1997030,43318.951.94$59,014

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.

Sep 2008 — as filed, then multipliedworked
Condensate             0 bbl  × $101.76 =         $0
Gas                   30 Mcf  × $  7.88 =       $236

────────────────────────────────────────────────────
Month total                                     $236

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. 7C/G/162551 is the state's own key, not one this site invented.