UT-11

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.

Oil lease lease 10241District 7CField 02718400NGPA filingOilCasinghead gasSaveExport
Value, all time
$174 k
Jan 1993 – Sep 2003
Value, last 12 filed months
$13 k
at the published price for each month
Months reported
129
no gaps in the span
Streams
2
oil, casinghead 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 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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA2none

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
OilDisposition9,226 bbl$174,300
Casinghead gasProduction20 Mcf$0
Total$174,300

20 Mcf of this lease's gas, across 20 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 31.3955, -101.0111. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.39546, -101.01106 · 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
7,503 ft
1 wells filed one
Completion to plug
22.6 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 7,503 ft.

Completions filed
Oct 1980
1 of 1 wells
Plug dates filed
May 2003
1 of 1 wells

Last completion to plug: a median of 22.6 years across the 1 well that filed both dates, with the middle half between 22.6 years and 22.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2353146417,503 ftOct 1980May 2003Yes

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 (129)

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

129 months

Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 2003101026.675.41$2,694
Mar 20030031.146.10$0
Feb 2003183033.487.93$6,127
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 2002182024.664.14$4,488
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 2002182023.733.34$4,319
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 2002182022.003.10$4,004
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 2001181016.932.36$3,064
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 2001175024.262.25$4,246
Aug 20010024.873.05$0
Jul 2001178023.933.20$4,260
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 2001181024.685.34$4,467
Mar 20010024.545.38$0
Feb 2001180027.755.77$4,995
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 2000180032.215.66$5,798
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 2000183028.534.09$5,221
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 2000182024.513.12$4,461
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 2000181025.272.48$4,574
Dec 19991024.282.42$24
Nov 19990023.192.43$0
Oct 1999182020.982.80$3,818
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 1999182017.892.37$3,256
Jun 19990015.942.36$0
May 1999180015.792.32$2,842
Apr 19990015.102.21$0
Mar 1999186012.471.84$2,319
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 1998168010.892.19$1,830
Oct 19980012.421.97$0
Sep 1998186012.592.08$2,342
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 1998186011.242.24$2,091
May 19980012.622.21$0
Apr 1998180013.042.51$2,347
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 1998183014.702.15$2,690
Dec 19970016.322.41$0
Nov 1997182018.193.09$3,311
Oct 19970019.253.15$0
Sep 1997180017.742.95$3,193
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 1997180017.242.26$3,103
May 19970018.972.31$0
Apr 1997183017.882.08$3,272
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 1997126023.483.54$2,958
Dec 1996182023.32$4,244
Nov 19960021.97$0
Oct 1996178023.31$4,149
Sep 19960022.22$0
Aug 19960020.26$0
Jul 1996133019.55$2,600
Jun 1996179018.73$3,353
May 19960019.43$0
Apr 19960021.51$0
Mar 1996182019.38$3,527
Feb 19960016.98$0
Jan 1996180017.07$3,073
Dec 19950017.19$0
Nov 1995171016.00$2,736
Oct 19950015.43$0
Sep 1995184016.18$2,977
Aug 19950015.92$0
Jul 1995183015.24$2,789
Jun 19950016.41$0
May 19950017.56$0
Apr 1995177017.73$3,138
Mar 1995183016.44$3,009
Feb 19950016.58$0
Jan 19950015.92$0
Dec 1994167015.03$2,510
Nov 1994179015.90$2,846
Oct 19940015.58$0
Sep 1994181015.29$2,767
Aug 19940116.13$0
Jul 1994178117.56$3,126
Jun 19940117.09$0
May 19940115.88$0
Apr 1994181114.14$2,559
Mar 1994187112.46$2,330
Feb 19940112.50$0
Jan 1994183112.66$2,317
Dec 19930112.33$0
Nov 1993185114.49$2,681
Oct 19930115.85$0
Sep 1993184115.03$2,766
Aug 19930115.66$0
Jul 1993178115.46$2,752
Jun 19930116.79$0
May 1993183117.68$3,235
Apr 19930118.05$0
Mar 1993185118.14$3,356
Feb 1993187117.90$3,347
Jan 19930116.93$0

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.

Apr 2003 — as filed, then multipliedworked
Oil                  101 bbl  × $ 26.67 =     $2,694
Casinghead gas         0 Mcf  × $  5.41 =         $0

────────────────────────────────────────────────────
Month total                                   $2,694

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/O/10241 is the state's own key, not one this site invented.