SCHEUBER -709-

Operated by QUANTUM RESOURCES MANAGEMENT,LLC (P-5 684554) in the IRION, W. (CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10507District 7CField 44710500NGPA filingOilCasinghead gasSaveExport
Value, all time
$160 k
Jan 1993 – Nov 2010
Value, last 12 filed months
$0
at the published price for each month
Months reported
215
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 34 leases and 63 wells, and the rule below applies to all of them.

Discovered
1967-05-01
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

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
NGPA3none

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
OilDisposition5,204 bbl$87,430
Casinghead gasProduction122,156 Mcf$72,347
Total$159,777

91,768 Mcf of this lease's gas, across 47 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 (2)

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 31.2306, -100.8200. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.23062, -100.81997 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
6,600 ft
2 wells filed one
Completion to plug
19.3 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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

Between 6,575 and 6,625 ft, median 6,600 ft, over the 2 wells that filed a depth.

Completions filed
Feb 1984 – Jan 1985
2 of 2 wells
Plug dates filed
Dec 1997 – Oct 2009
2 of 2 wells

Last completion to plug: a median of 19.3 years across the 2 wells that filed both dates, with the middle half between 16.1 years and 22.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-2353245236,575 ftJan 1985Dec 1997Yes
42-2353223216,625 ftFeb 1984Oct 2009Yes

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 (215)

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

215 months

Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
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 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
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 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 1999062819.262.88$1,806
Jul 19993094217.892.37$2,771
Jun 199918364015.942.36$4,429
May 1999044015.792.32$1,021
Apr 1999058115.102.21$1,283
Mar 1999074212.471.84$1,364
Feb 199907169.981.82$1,302
Jan 1999096110.381.90$1,826
Dec 199808479.201.77$1,502
Nov 1998194110.892.19$2,068
Oct 199801,00412.421.97$1,977
Sep 1998069312.592.08$1,443
Aug 1998096011.301.91$1,831
Jul 199817577911.742.24$3,797
Jun 1998094211.242.24$2,108
May 1998067512.622.21$1,489
Apr 1998092613.042.51$2,320
Mar 1998067912.802.31$1,568
Feb 199818351413.952.30$3,735
Jan 1998190814.702.15$1,971
Dec 199701,08116.322.41$2,606
Nov 199701,22618.193.09$3,786
Oct 199701,08719.253.15$3,424
Sep 199701,15517.742.95$3,413
Aug 19971861,11617.862.55$6,173
Jul 199701,20217.582.25$2,701
Jun 1997095017.242.26$2,144
May 199701,15918.972.31$2,676
Apr 199711,25117.882.08$2,623
Mar 19973321,11418.951.94$8,452
Feb 199701,52620.492.21$3,366
Jan 199702,00323.483.54$7,090
Dec 199602,27423.32$0
Nov 19963621,80421.97$7,953
Oct 199622,31623.31$47
Sep 199602,37322.22$0
Aug 199602,48320.26$0
Jul 199601,97519.55$0
Jun 199601,75218.73$0
May 19961802,32519.43$3,497
Apr 19961791,84521.51$3,850
Mar 199601,98919.38$0
Feb 199611,21016.98$17
Jan 199601,98617.07$0
Dec 19951821,98917.19$3,129
Nov 199512,47416.00$16
Oct 19951762,54415.43$2,716
Sep 199512,62916.18$16
Aug 199502,45815.92$0
Jul 19951842,64615.24$2,804
Jun 19951842,37716.41$3,019
May 199512,78517.56$18
Apr 199511,37817.73$18
Mar 1995016816.44$0
Feb 19951851,37916.58$3,067
Jan 19951882,87415.92$2,993
Dec 19941015.03$15
Nov 199417816815.90$2,830
Oct 199418316815.58$2,851
Sep 199412,99215.29$15
Aug 1994016816.13$0
Jul 199418616817.56$3,266
Jun 199417716817.09$3,025
May 1994116815.88$16
Apr 19941652,97814.14$2,333
Mar 19941321,81412.46$1,645
Feb 199401,90412.50$0
Jan 19941572,06712.66$1,988
Dec 199301,67812.33$0
Nov 199301,75314.49$0
Oct 199315016815.85$2,378
Sep 19931762,50715.03$2,645
Aug 199302,57015.66$0
Jul 19931473,06915.46$2,273
Jun 199312,96716.79$17
May 19931823,21317.68$3,218
Apr 19931383,18018.05$2,491
Mar 199302,68618.14$0
Feb 19933082,49917.90$5,513
Jan 199322,68216.93$34

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 1999 — as filed, then multipliedworked
Oil                    0 bbl  × $ 19.26 =         $0
Casinghead gas       628 Mcf  × $  2.88 =     $1,806

────────────────────────────────────────────────────
Month total                                   $1,806

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/10507 is the state's own key, not one this site invented.