MCELROY RANCH CO. "L"

Name: MCELROY RANCH CO. "L" lease production and value, May 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CHEVRON U. S. A. INC. (P-5 148113) in the CORVETTE (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 182577District 7CField 20844500CondensateGasSave Export

Value, all time

$10.9 M

May 2001 – Aug 2012

Value, last 12 filed months

$15 k

at the published price for each month

Months reported

136

no gaps in the span

Streams

condensate, gas

The CORVETTE (WOLFCAMP) 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 14 leases and 23 wells, and the rule below applies to all of them.

Discovered

1991-01-16

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 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 1994-07-11.

The Commission's schedule remark for this field reads: “FIELD RULES PERMANENT PER DKT#7C-0200371 7/12/94.”

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	5,390 bbl	$234,032
Gas	Production	1,937,043 Mcf	$10,689,129
Total			$10,923,161

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 31.3531, -102.1330. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.35308, -102.13298 · 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

0.0%

0 of 1 wells

Median depth

10,340 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

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

00.0%

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 10,340 ft.

Completions filed

Aug 2012

1 of 1 wells

1 well


42-46133042	10	10,340 ft	Aug 2012	—	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 (136)

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

136 months


Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	1,033	101.10	2.57	$2,655
Jan 2012	0	4,000	98.09	2.73	$10,936
Dec 2011	0	411	96.87	3.24	$1,332
Nov 2011	0	19	95.72	3.31	$63
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	4	205	83.40	4.15	$1,184
Jul 2011	12	9,626	94.14	4.52	$44,613
Jun 2011	14	16,454	92.90	4.64	$77,645
May 2011	31	14,780	98.13	4.40	$68,145
Apr 2011	32	12,687	105.96	4.33	$58,367
Mar 2011	51	11,304	96.36	4.06	$50,779
Feb 2011	52	9,047	85.64	4.18	$42,270
Jan 2011	71	15,319	86.50	4.59	$76,437
Dec 2010	74	16,523	85.73	4.35	$78,182
Nov 2010	35	7,420	80.84	3.80	$30,991
Oct 2010	30	10,783	78.10	3.51	$40,179
Sep 2010	8	5,663	72.63	3.98	$23,117
Aug 2010	3	9,040	73.68	4.42	$40,172
Jul 2010	14	3,474	72.55	4.74	$17,470
Jun 2010	22	7,652	70.36	4.91	$39,122
May 2010	32	7,878	71.12	4.24	$35,641
Apr 2010	43	8,021	81.69	4.12	$36,581
Mar 2010	60	8,478	78.39	4.39	$41,911
Feb 2010	44	7,533	73.58	5.44	$44,235
Jan 2010	51	5,839	74.36	5.96	$38,617
Dec 2009	48	7,776	71.44	5.48	$46,071
Nov 2009	45	8,630	74.59	3.75	$35,732
Oct 2009	31	8,377	72.54	4.11	$36,680
Sep 2009	152	6,983	65.54	3.06	$31,363
Aug 2009	212	6,918	67.42	3.22	$36,559
Jul 2009	6	4,659	61.13	3.46	$16,508
Jun 2009	14	2,539	66.16	3.90	$10,816
May 2009	19	10,644	54.74	3.93	$42,826
Apr 2009	39	10,491	46.77	3.59	$39,460
Mar 2009	69	12,015	42.14	4.06	$51,677
Feb 2009	82	9,723	32.81	4.63	$47,737
Jan 2009	95	6,075	35.86	5.37	$36,036
Dec 2008	83	7,090	37.10	5.98	$45,457
Nov 2008	27	5,252	55.49	6.86	$37,529
Oct 2008	21	2,810	75.24	6.92	$21,031
Sep 2008	2	6,824	101.76	7.88	$53,957
Aug 2008	2	6,457	114.22	8.48	$55,003
Jul 2008	0	5,657	131.08	11.39	$64,430
Jun 2008	5	6,373	131.33	13.03	$83,714
May 2008	13	7,767	123.17	11.57	$91,499
Apr 2008	27	8,364	110.31	10.45	$90,423
Mar 2008	30	8,629	101.90	9.66	$86,448
Feb 2008	32	5,804	92.53	8.77	$53,865
Jan 2008	39	6,752	90.38	8.21	$58,930
Dec 2007	36	6,742	88.33	7.30	$52,410
Nov 2007	14	6,751	91.67	7.29	$50,510
Oct 2007	0	7,015	82.85	6.92	$48,558
Sep 2007	0	6,949	75.84	6.24	$43,391
Aug 2007	2	7,472	69.06	6.39	$47,869
Jul 2007	4	7,102	70.90	6.39	$45,651
Jun 2007	4	5,219	62.00	7.55	$39,643
May 2007	11	8,628	58.74	7.85	$68,344
Apr 2007	17	8,488	59.61	7.81	$67,264
Mar 2007	27	8,813	56.92	7.30	$65,889
Feb 2007	41	8,932	55.10	8.22	$75,644
Jan 2007	51	10,163	50.30	6.73	$70,930
Dec 2006	49	10,590	56.65	6.92	$76,042
Nov 2006	21	32	54.20	7.62	$1,382
Oct 2006	9	11,861	54.90	6.01	$71,824
Sep 2006	1	11,873	60.08	5.04	$59,867
Aug 2006	0	12,772	68.71	7.34	$93,745
Jul 2006	0	13,335	69.37	6.34	$84,581
Jun 2006	2	14,023	66.28	6.38	$89,654
May 2006	4	14,875	66.01	6.42	$95,836
Apr 2006	9	13,322	64.39	7.36	$98,636
Mar 2006	22	14,088	56.70	7.08	$101,032
Feb 2006	50	13,224	57.59	7.75	$105,380
Jan 2006	34	15,161	60.59	8.93	$137,498
Dec 2005	0	15,786	54.94	13.42	$211,776
Nov 2005	0	15,762	54.69	10.59	$166,894
Oct 2005	0	16,751	58.34	13.80	$231,093
Sep 2005	0	15,483	61.45	12.08	$187,019
Aug 2005	0	17,426	61.51	9.80	$170,720
Jul 2005	0	18,038	55.69	7.84	$141,484
Jun 2005	0	18,732	52.33	7.38	$138,262
May 2005	0	20,248	45.22	6.65	$134,673
Apr 2005	5	18,719	49.20	7.36	$138,027
Mar 2005	26	21,150	50.37	7.15	$152,635
Feb 2005	48	20,936	45.22	6.31	$134,317
Jan 2005	53	23,657	43.16	6.32	$151,852
Dec 2004	51	23,748	39.86	6.75	$162,358
Nov 2004	26	24,143	45.28	6.33	$154,013
Oct 2004	4	22,348	49.70	6.52	$145,798
Sep 2004	2	23,108	43.24	5.28	$122,187
Aug 2004	0	25,437	42.37	5.55	$141,192
Jul 2004	0	25,604	38.28	6.08	$155,779
Jun 2004	0	21,961	36.10	6.43	$141,276
May 2004	0	23,524	37.48	6.49	$152,779
Apr 2004	3	11,912	34.47	5.86	$69,889
Mar 2004	10	12,195	34.36	5.53	$67,784
Feb 2004	26	17,785	32.45	5.51	$98,832
Jan 2004	35	27,209	32.03	6.30	$172,528
Dec 2003	40	27,745	30.26	6.30	$176,049
Nov 2003	71	27,284	28.80	4.60	$127,419
Oct 2003	73	27,906	28.17	4.76	$134,879
Sep 2003	55	26,273	26.31	4.75	$126,227
Aug 2003	55	27,352	29.76	5.13	$141,945
Jul 2003	66	26,753	29.41	5.17	$140,277
Jun 2003	55	26,346	28.56	5.98	$159,198
May 2003	63	25,414	26.59	5.97	$153,465
Apr 2003	79	26,448	26.67	5.41	$145,119
Mar 2003	105	27,681	31.14	6.10	$172,014
Feb 2003	113	23,866	33.48	7.93	$192,942
Jan 2003	142	27,379	30.31	5.58	$157,135
Dec 2002	143	28,243	26.91	4.85	$140,933
Nov 2002	118	26,930	24.66	4.14	$114,318
Oct 2002	86	27,001	26.46	4.23	$116,466
Sep 2002	67	25,542	27.44	3.64	$94,689
Aug 2002	62	27,104	25.96	3.16	$87,371
Jul 2002	73	27,183	24.58	3.06	$85,022
Jun 2002	124	26,559	23.73	3.34	$91,603
May 2002	82	27,230	24.66	3.58	$99,614
Apr 2002	89	26,636	23.65	3.51	$95,659
Mar 2002	120	27,055	22.00	3.10	$86,584
Feb 2002	128	24,357	18.22	2.38	$60,197
Jan 2002	142	26,965	17.17	2.38	$66,498
Dec 2001	144	27,052	16.93	2.36	$66,400
Nov 2001	110	26,154	18.07	2.41	$64,902
Oct 2001	90	24,974	19.78	2.53	$64,936
Sep 2001	84	26,027	24.26	2.25	$60,633
Aug 2001	84	27,022	24.87	3.05	$84,592
Jul 2001	84	26,902	23.93	3.20	$88,018
Jun 2001	90	26,132	24.56	3.82	$102,143
May 2001	80	26,638	25.52	4.31	$116,780

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.

Feb 2012 — as filed, then multipliedworked

Condensate             0 bbl  × $101.10 =         $0
Gas                1,033 Mcf  × $  2.57 =     $2,655

────────────────────────────────────────────────────
Month total                                   $2,655

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/182577 is the state's own key, not one this site invented.