BUSBY 3080

Name: BUSBY 3080 lease production and value, Sep 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MEADCO PROPERTIES (P-5 556500) in the ANDREW A. (CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 170570District 7CField 027184002 tax incentive programmesCondensateGasSave Export

Value, all time

$2.4 M

Sep 1998 – Apr 2017

Value, last 12 filed months

$14

at the published price for each month

Months reported

224

no gaps in the span

Streams

condensate, gas

The ANDREW A. (CANYON) 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 201 leases and 267 wells, and the rule below applies to all of them.

Discovered

1977-05-13

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1993-12-13.

The Commission's schedule remark for this field reads: “RULES CORRECTED FROM OPTIONAL 80 A TO OPTIONAL 160AC 5/14/02 GN”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1998-11-30	139822
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	1,316 bbl	$41,721
Gas	Production	506,591 Mcf	$2,380,969
Total			$2,422,690

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 31.3558, -101.0105. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.35583, -101.01052 · 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

9,250 ft

1 wells filed one

Completion to plug

18.3 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 9,250 ft.

Completions filed

Sep 1998

1 of 1 wells

Plug dates filed

Dec 2016

1 of 1 wells

Last completion to plug: a median of 18.3 years across the 1 well that filed both dates, with the middle half between 18.3 years and 18.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-23533766	2	9,250 ft	Sep 1998	Dec 2016	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 (224)

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

224 months


Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	2	41.44	2.92	$6
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	3	45.35	2.69	$8
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	53	36.56	1.99	$106
Mar 2016	0	382	33.01	1.79	$685
Feb 2016	0	558	26.47	2.06	$1,152
Jan 2016	0	619	27.35	2.36	$1,464
Dec 2015	0	640	32.36	2.00	$1,281
Nov 2015	0	602	38.79	2.17	$1,305
Oct 2015	0	630	43.55	2.43	$1,529
Sep 2015	0	592	42.99	2.76	$1,633
Aug 2015	0	603	40.16	2.87	$1,732
Jul 2015	0	596	48.15	2.95	$1,755
Jun 2015	0	608	56.15	2.88	$1,753
May 2015	0	643	55.21	2.96	$1,900
Apr 2015	0	633	49.82	2.71	$1,713
Mar 2015	0	649	42.89	2.93	$1,905
Feb 2015	0	625	44.66	2.98	$1,860
Jan 2015	0	661	43.43	3.10	$2,050
Dec 2014	0	676	54.69	3.59	$2,428
Nov 2014	0	653	70.46	4.25	$2,776
Oct 2014	0	659	78.30	3.90	$2,571
Sep 2014	0	488	86.16	4.05	$1,974
Aug 2014	0	617	89.39	4.04	$2,490
Jul 2014	0	696	96.56	4.18	$2,909
Jun 2014	0	192	98.16	4.74	$909
May 2014	0	704	94.73	4.73	$3,328
Apr 2014	0	711	95.94	4.81	$3,419
Mar 2014	0	747	95.89	5.06	$3,777
Feb 2014	0	759	97.40	6.19	$4,700
Jan 2014	0	790	90.40	4.86	$3,840
Dec 2013	0	933	91.82	4.35	$4,063
Nov 2013	0	703	88.85	3.74	$2,628
Oct 2013	0	524	97.42	3.78	$1,980
Sep 2013	0	527	104.11	3.72	$1,959
Aug 2013	0	584	104.25	3.52	$2,057
Jul 2013	0	644	102.52	3.72	$2,394
Jun 2013	0	639	94.40	3.93	$2,513
May 2013	0	664	94.83	4.15	$2,755
Apr 2013	0	1,148	93.96	4.28	$4,916
Mar 2013	0	642	93.62	3.91	$2,512
Feb 2013	0	836	91.23	3.42	$2,859
Jan 2013	0	1,013	91.60	3.42	$3,464
Dec 2012	0	1,013	86.77	3.42	$3,465
Nov 2012	0	899	86.95	3.62	$3,259
Oct 2012	0	910	89.38	3.40	$3,094
Sep 2012	0	892	94.67	2.92	$2,603
Aug 2012	0	944	92.66	2.91	$2,745
Jul 2012	0	970	85.13	3.02	$2,930
Jun 2012	0	959	79.82	2.52	$2,416
May 2012	0	956	91.61	2.49	$2,379
Apr 2012	0	944	101.65	2.00	$1,885
Mar 2012	0	1,001	105.05	2.22	$2,224
Feb 2012	0	1,114	101.10	2.57	$2,863
Jan 2012	0	1,528	98.09	2.73	$4,178
Dec 2011	0	1,348	96.87	3.24	$4,367
Nov 2011	0	1,136	95.72	3.31	$3,762
Oct 2011	0	1,146	84.98	3.65	$4,181
Sep 2011	0	1,015	83.62	3.99	$4,046
Aug 2011	0	1,098	83.40	4.15	$4,556
Jul 2011	0	1,445	94.14	4.52	$6,527
Jun 2011	0	1,445	92.90	4.64	$6,705
May 2011	0	1,599	98.13	4.40	$7,043
Apr 2011	0	1,569	105.96	4.33	$6,799
Mar 2011	0	1,507	96.36	4.06	$6,114
Feb 2011	0	1,350	85.64	4.18	$5,643
Jan 2011	0	1,203	86.50	4.59	$5,520
Dec 2010	0	1,268	85.73	4.35	$5,513
Nov 2010	0	1,101	80.84	3.80	$4,179
Oct 2010	0	1,178	78.10	3.51	$4,133
Sep 2010	0	1,058	72.63	3.98	$4,210
Aug 2010	0	834	73.68	4.42	$3,686
Jul 2010	0	934	72.55	4.74	$4,424
Jun 2010	0	1,188	70.36	4.91	$5,834
May 2010	0	1,424	71.12	4.24	$6,031
Apr 2010	0	1,352	81.69	4.12	$5,574
Mar 2010	0	1,481	78.39	4.39	$6,500
Feb 2010	0	1,248	73.58	5.44	$6,792
Jan 2010	0	1,325	74.36	5.96	$7,902
Dec 2009	0	1,407	71.44	5.48	$7,716
Nov 2009	0	1,232	74.59	3.75	$4,622
Oct 2009	0	1,258	72.54	4.11	$5,171
Sep 2009	0	1,187	65.54	3.06	$3,638
Aug 2009	0	1,321	67.42	3.22	$4,252
Jul 2009	0	1,384	61.13	3.46	$4,795
Jun 2009	0	1,424	66.16	3.90	$5,546
May 2009	0	1,539	54.74	3.93	$6,042
Apr 2009	0	1,504	46.77	3.59	$5,396
Mar 2009	0	1,591	42.14	4.06	$6,458
Feb 2009	0	1,549	32.81	4.63	$7,177
Jan 2009	0	1,765	35.86	5.37	$9,480
Dec 2008	0	1,810	37.10	5.98	$10,819
Nov 2008	0	1,746	55.49	6.86	$11,978
Oct 2008	0	1,698	75.24	6.92	$11,754
Sep 2008	0	1,497	101.76	7.88	$11,792
Aug 2008	0	1,421	114.22	8.48	$12,054
Jul 2008	0	1,547	131.08	11.39	$17,619
Jun 2008	0	1,543	131.33	13.03	$20,109
May 2008	0	1,773	123.17	11.57	$20,521
Apr 2008	0	1,626	110.31	10.45	$17,000
Mar 2008	0	1,805	101.90	9.66	$17,444
Feb 2008	0	2,170	92.53	8.77	$19,032
Jan 2008	0	2,673	90.38	8.21	$21,934
Dec 2007	0	2,588	88.33	7.30	$18,898
Nov 2007	0	2,060	91.67	7.29	$15,021
Oct 2007	0	2,097	82.85	6.92	$14,515
Sep 2007	0	2,060	75.84	6.24	$12,863
Aug 2007	0	2,211	69.06	6.39	$14,124
Jul 2007	0	2,220	70.90	6.39	$14,181
Jun 2007	170	2,188	62.00	7.55	$27,056
May 2007	0	2,507	58.74	7.85	$19,671
Apr 2007	0	2,568	59.61	7.81	$20,044
Mar 2007	1	2,587	56.92	7.30	$18,947
Feb 2007	0	2,119	55.10	8.22	$17,410
Jan 2007	0	2,098	50.30	6.73	$14,113
Dec 2006	0	2,000	56.65	6.92	$13,837
Nov 2006	0	2,006	54.20	7.62	$15,281
Oct 2006	1	2,311	54.90	6.01	$13,953
Sep 2006	0	2,096	60.08	5.04	$10,558
Aug 2006	1	2,029	68.71	7.34	$14,961
Jul 2006	0	2,412	69.37	6.34	$15,299
Jun 2006	0	2,291	66.28	6.38	$14,625
May 2006	0	2,239	66.01	6.42	$14,386
Apr 2006	0	2,107	64.39	7.36	$15,509
Mar 2006	0	2,103	56.70	7.08	$14,895
Feb 2006	0	1,809	57.59	7.75	$14,022
Jan 2006	0	2,229	60.59	8.93	$19,912
Dec 2005	0	2,253	54.94	13.42	$30,225
Nov 2005	0	2,403	54.69	10.59	$25,444
Oct 2005	0	2,623	58.34	13.80	$36,186
Sep 2005	0	1,999	61.45	12.08	$24,146
Aug 2005	0	2,649	61.51	9.80	$25,952
Jul 2005	2	2,467	55.69	7.84	$19,462
Jun 2005	0	2,553	52.33	7.38	$18,844
May 2005	0	2,571	45.22	6.65	$17,100
Apr 2005	2	2,647	49.20	7.36	$19,582
Mar 2005	0	2,891	50.37	7.15	$20,685
Feb 2005	175	2,526	45.22	6.31	$23,857
Jan 2005	0	2,692	43.16	6.32	$17,019
Dec 2004	0	2,709	39.86	6.75	$18,289
Nov 2004	0	2,644	45.28	6.33	$16,738
Oct 2004	0	2,667	49.70	6.52	$17,376
Sep 2004	0	2,549	43.24	5.28	$13,469
Aug 2004	0	2,812	42.37	5.55	$15,608
Jul 2004	0	2,894	38.28	6.08	$17,608
Jun 2004	0	2,749	36.10	6.43	$17,684
May 2004	0	2,926	37.48	6.49	$19,003
Apr 2004	0	2,867	34.47	5.86	$16,796
Mar 2004	0	2,993	34.36	5.53	$16,552
Feb 2004	0	2,799	32.45	5.51	$15,421
Jan 2004	0	2,997	32.03	6.30	$18,880
Dec 2003	0	2,999	30.26	6.30	$18,899
Nov 2003	1	2,872	28.80	4.60	$13,226
Oct 2003	0	3,026	28.17	4.76	$14,403
Sep 2003	1	3,020	26.31	4.75	$14,369
Aug 2003	0	3,282	29.76	5.13	$16,836
Jul 2003	0	3,211	29.41	5.17	$16,604
Jun 2003	0	2,851	28.56	5.98	$17,057
May 2003	0	3,285	26.59	5.97	$19,620
Apr 2003	0	3,257	26.67	5.41	$17,612
Mar 2003	0	3,452	31.14	6.10	$21,044
Feb 2003	187	3,001	33.48	7.93	$30,046
Jan 2003	1	3,199	30.31	5.58	$17,887
Dec 2002	0	3,445	26.91	4.85	$16,721
Nov 2002	1	3,135	24.66	4.14	$12,994
Oct 2002	0	3,263	26.46	4.23	$13,800
Sep 2002	0	3,183	27.44	3.64	$11,571
Aug 2002	0	3,411	25.96	3.16	$10,793
Jul 2002	0	3,284	24.58	3.06	$10,055
Jun 2002	0	3,192	23.73	3.34	$10,656
May 2002	0	3,382	24.66	3.58	$12,121
Apr 2002	0	3,623	23.65	3.51	$12,725
Mar 2002	1	3,779	22.00	3.10	$11,747
Feb 2002	0	3,311	18.22	2.38	$7,866
Jan 2002	0	3,694	17.17	2.38	$8,776
Dec 2001	2	3,772	16.93	2.36	$8,952
Nov 2001	0	3,567	18.07	2.41	$8,580
Oct 2001	0	4,087	19.78	2.53	$10,336
Sep 2001	0	3,382	24.26	2.25	$7,614
Aug 2001	0	4,174	24.87	3.05	$12,744
Jul 2001	0	4,461	23.93	3.20	$14,262
Jun 2001	0	3,818	24.56	3.82	$14,601
May 2001	152	4,247	25.52	4.31	$22,172
Apr 2001	1	4,363	24.68	5.34	$23,303
Mar 2001	0	4,527	24.54	5.38	$24,339
Feb 2001	0	4,509	27.75	5.77	$26,004
Jan 2001	0	4,446	27.47	8.40	$37,341
Dec 2000	0	4,103	26.88	9.12	$37,430
Nov 2000	0	3,870	32.21	5.66	$21,896
Oct 2000	180	4,360	31.23	5.15	$28,056
Sep 2000	0	4,340	31.87	5.19	$22,509
Aug 2000	0	4,638	29.64	4.54	$21,060
Jul 2000	0	4,918	28.53	4.09	$20,113
Jun 2000	0	4,788	29.30	4.40	$21,054
May 2000	0	4,959	27.26	3.68	$18,248
Apr 2000	0	4,629	24.51	3.12	$14,424
Mar 2000	0	4,448	28.42	2.86	$12,720
Feb 2000	0	3,742	27.62	2.73	$10,203
Jan 2000	0	4,103	25.27	2.48	$10,177
Dec 1999	0	4,988	24.28	2.42	$12,090
Nov 1999	181	5,803	23.19	2.43	$18,322
Oct 1999	0	4,347	20.98	2.80	$12,188
Sep 1999	0	4,973	21.75	2.62	$13,024
Aug 1999	0	5,061	19.26	2.88	$14,553
Jul 1999	0	5,456	17.89	2.37	$12,944
Jun 1999	0	5,994	15.94	2.36	$14,158
May 1999	0	6,568	15.79	2.32	$15,244
Apr 1999	0	6,977	15.10	2.21	$15,406
Mar 1999	0	8,199	12.47	1.84	$15,072
Feb 1999	185	8,053	9.98	1.82	$16,485
Jan 1999	0	10,027	10.38	1.90	$19,051
Dec 1998	0	11,321	9.20	1.77	$20,076
Nov 1998	0	10,379	10.89	2.19	$22,686
Oct 1998	71	3,351	12.42	1.97	$7,481
Sep 1998	0	1,371	12.59	2.08	$2,855

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.

Aug 2016 — as filed, then multipliedworked

Condensate             0 bbl  × $ 41.44 =         $0
Gas                    2 Mcf  × $  2.92 =         $6

────────────────────────────────────────────────────
Month total                                       $6

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/170570 is the state's own key, not one this site invented.