OWENS "32"

Name: OWENS "32" lease production and value, Sep 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CHEVRON MIDCONTINENT, L.P. (P-5 147862) in the BENEDUM (DEVONIAN, GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 200641District 7CField 071092502 tax incentive programmesCondensateGasSave Export

Value, all time

$1.8 M

Sep 2003 – May 2013

Value, last 12 filed months

$16 k

at the published price for each month

Months reported

117

no gaps in the span

Streams

condensate, gas

The BENEDUM (DEVONIAN, GAS) 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 39 leases and 39 wells, and the rule below applies to all of them.

Discovered

1963-12-16

as the register files it

Field class

Oil and 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: “SOUTHLAND ROYALTY COMPANY APPLICIANT”

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	2004-06-30	157698
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	7,089 bbl	$334,806
Gas	Production	235,458 Mcf	$1,461,967
Total			$1,796,773

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 31.3513, -101.9226. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.35129, -101.92256 · 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

11,654 ft

1 wells filed one

Completion to plug

7.8 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 11,654 ft.

Completions filed

Jan 2013

1 of 1 wells

Plug dates filed

Oct 2020

1 of 1 wells

Last completion to plug: a median of 7.8 years across the 1 well that filed both dates, with the middle half between 7.8 years and 7.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-46134388	1	11,654 ft	Jan 2013	Oct 2020	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 (117)

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

117 months


May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	139	0	91.23	3.42	$12,681
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	122	89.38	3.40	$415
Sep 2012	0	219	94.67	2.92	$639
Aug 2012	0	514	92.66	2.91	$1,495
Jul 2012	0	267	85.13	3.02	$807
Jun 2012	0	100	79.82	2.52	$252
May 2012	0	383	91.61	2.49	$953
Apr 2012	0	193	101.65	2.00	$385
Mar 2012	0	412	105.05	2.22	$916
Feb 2012	177	297	101.10	2.57	$18,658
Jan 2012	0	400	98.09	2.73	$1,094
Dec 2011	0	406	96.87	3.24	$1,315
Nov 2011	0	336	95.72	3.31	$1,113
Oct 2011	0	593	84.98	3.65	$2,164
Sep 2011	0	363	83.62	3.99	$1,447
Aug 2011	0	354	83.40	4.15	$1,469
Jul 2011	0	360	94.14	4.52	$1,626
Jun 2011	0	418	92.90	4.64	$1,939
May 2011	0	400	98.13	4.40	$1,762
Apr 2011	189	598	105.96	4.33	$22,618
Mar 2011	0	263	96.36	4.06	$1,067
Feb 2011	0	530	85.64	4.18	$2,215
Jan 2011	0	581	86.50	4.59	$2,666
Dec 2010	0	254	85.73	4.35	$1,104
Nov 2010	0	455	80.84	3.80	$1,727
Oct 2010	0	312	78.10	3.51	$1,095
Sep 2010	0	523	72.63	3.98	$2,081
Aug 2010	0	800	73.68	4.42	$3,535
Jul 2010	0	327	72.55	4.74	$1,549
Jun 2010	0	357	70.36	4.91	$1,753
May 2010	169	367	71.12	4.24	$13,574
Apr 2010	0	628	81.69	4.12	$2,589
Mar 2010	0	444	78.39	4.39	$1,949
Feb 2010	0	1,082	73.58	5.44	$5,889
Jan 2010	0	1,123	74.36	5.96	$6,698
Dec 2009	0	604	71.44	5.48	$3,312
Nov 2009	0	1,135	74.59	3.75	$4,258
Oct 2009	185	852	72.54	4.11	$16,922
Sep 2009	0	1,164	65.54	3.06	$3,567
Aug 2009	0	614	67.42	3.22	$1,976
Jul 2009	0	891	61.13	3.46	$3,087
Jun 2009	0	943	66.16	3.90	$3,673
May 2009	0	828	54.74	3.93	$3,251
Apr 2009	0	1,100	46.77	3.59	$3,946
Mar 2009	0	1,011	42.14	4.06	$4,104
Feb 2009	0	816	32.81	4.63	$3,781
Jan 2009	0	1,297	35.86	5.37	$6,966
Dec 2008	181	930	37.10	5.98	$12,274
Nov 2008	0	1,478	55.49	6.86	$10,140
Oct 2008	0	108	75.24	6.92	$748
Sep 2008	0	768	101.76	7.88	$6,050
Aug 2008	0	1,088	114.22	8.48	$9,230
Jul 2008	0	1,134	131.08	11.39	$12,916
Jun 2008	0	1,241	131.33	13.03	$16,173
May 2008	0	1,071	123.17	11.57	$12,396
Apr 2008	192	1,148	110.31	10.45	$33,182
Mar 2008	0	1,361	101.90	9.66	$13,153
Feb 2008	0	1,391	92.53	8.77	$12,200
Jan 2008	0	1,482	90.38	8.21	$12,161
Dec 2007	0	1,387	88.33	7.30	$10,128
Nov 2007	0	1,136	91.67	7.29	$8,283
Oct 2007	0	674	82.85	6.92	$4,665
Sep 2007	166	1,663	75.84	6.24	$22,973
Aug 2007	0	1,488	69.06	6.39	$9,505
Jul 2007	1	1,275	70.90	6.39	$8,216
Jun 2007	0	57	62.00	7.55	$430
May 2007	0	1,707	58.74	7.85	$13,394
Apr 2007	0	1,371	59.61	7.81	$10,701
Mar 2007	184	723	56.92	7.30	$15,753
Feb 2007	0	1,473	55.10	8.22	$12,102
Jan 2007	0	1,336	50.30	6.73	$8,987
Dec 2006	0	1,466	56.65	6.92	$10,142
Nov 2006	173	1,818	54.20	7.62	$23,225
Oct 2006	0	1,229	54.90	6.01	$7,391
Sep 2006	0	1,615	60.08	5.04	$8,135
Aug 2006	0	1,880	68.71	7.34	$13,799
Jul 2006	0	1,501	69.37	6.34	$9,520
Jun 2006	178	1,785	66.28	6.38	$23,193
May 2006	0	1,788	66.01	6.42	$11,488
Apr 2006	0	2,167	64.39	7.36	$15,950
Mar 2006	0	2,043	56.70	7.08	$14,470
Feb 2006	181	1,890	57.59	7.75	$25,073
Jan 2006	0	2,847	60.59	8.93	$25,433
Dec 2005	0	2,209	54.94	13.42	$29,635
Nov 2005	0	1,756	54.69	10.59	$18,593
Oct 2005	100	1,659	58.34	13.80	$28,721
Sep 2005	175	2,095	61.45	12.08	$36,059
Aug 2005	0	2,566	61.51	9.80	$25,139
Jul 2005	0	1,848	55.69	7.84	$14,495
Jun 2005	180	1,951	52.33	7.38	$23,820
May 2005	176	1,666	45.22	6.65	$19,040
Apr 2005	0	2,081	49.20	7.36	$15,317
Mar 2005	0	2,518	50.37	7.15	$18,016
Feb 2005	0	2,662	45.22	6.31	$16,802
Jan 2005	368	2,658	43.16	6.32	$32,687
Dec 2004	0	1,767	39.86	6.75	$11,929
Nov 2004	0	3,303	45.28	6.33	$20,909
Oct 2004	0	3,205	49.70	6.52	$20,881
Sep 2004	0	3,286	43.24	5.28	$17,363
Aug 2004	369	3,846	42.37	5.55	$36,982
Jul 2004	0	5,183	38.28	6.08	$31,534
Jun 2004	0	4,894	36.10	6.43	$31,483
May 2004	0	7,326	37.48	6.49	$47,579
Apr 2004	373	7,326	34.47	5.86	$55,776
Mar 2004	560	8,830	34.36	5.53	$68,073
Feb 2004	186	9,358	32.45	5.51	$57,595
Jan 2004	387	11,977	32.03	6.30	$87,846
Dec 2003	402	15,767	30.26	6.30	$111,522
Nov 2003	757	23,692	28.80	4.60	$130,670
Oct 2003	753	24,474	28.17	4.76	$137,699
Sep 2003	188	0	26.31	4.75	$4,946

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 2013 — as filed, then multipliedworked

Condensate           139 bbl  × $ 91.23 =    $12,681
Gas                    0 Mcf  × $  3.42 =         $0

────────────────────────────────────────────────────
Month total                                  $12,681

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/200641 is the state's own key, not one this site invented.