POWELL "28B"

Operated by ARIES OPERATING, LP (P-5 30128) in the CAMAR, SW. (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11249District 7CField 14988250NGPA filingOilCasinghead gasSaveExport
Value, all time
$363 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
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 26 leases and 63 wells, and the rule below applies to all of them.

Discovered
1959-10-06
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1983-06-27.

The Commission's schedule remark for this field reads: OIL RULES ADDED TO GAS 1/24/95

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
NGPA4none

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
OilDisposition19,810 bbl$361,127
Casinghead gasProduction4,695 Mcf$2,031
Total$363,158

3,842 Mcf of this lease's gas, across 33 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 (4)

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 30.8888, -100.2155. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

30.88884, -100.21643 · 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
50.0%
2 of 4 wells
With a plug date
50.0%
2 of 4 wells
Median depth
4,420 ft
4 wells filed one
Completion to plug
2.6 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
250.0%
A plug date is filed
250.0%
BothOn the schedule and plugged. Neither fact cancels the other.
250.0%
NeitherNo plug date, and not on the schedule.
250.0%

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 4,378 and 4,450 ft, median 4,420 ft, over the 4 wells that filed a depth.

Completions filed
Mar 1985 – Mar 2019
4 of 4 wells
Plug dates filed
Feb 1998 – Dec 2019
2 of 4 wells; 2 filed none

Last completion to plug: a median of 2.6 years across the 2 wells that filed both dates, with the middle half between 20 months and 3.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-4133152244,450 ftMar 2019Dec 2019Yes
42-4133150514,390 ftOct 1993Feb 1998Yes
42-4133152034,378 ftApr 1985
42-4133151424,450 ftMar 1985

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 (183)

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

183 months

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 2004152043.245.28$6,572
Aug 20040042.375.55$0
Jul 2004179038.286.08$6,852
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 2004176034.475.86$6,067
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 200313026.314.75$342
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 2003173028.565.98$4,941
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 2002111026.914.85$2,987
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 2002172018.222.38$3,134
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 2001169023.933.20$4,044
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 2001184027.755.77$5,106
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 2000165032.215.66$5,315
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 2000176029.304.40$5,157
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 2000182027.622.73$5,027
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 19990019.262.88$0
Jul 19990017.892.37$0
Jun 1999611815.942.36$1,015
May 199903515.792.32$81
Apr 1999170015.102.21$2,567
Mar 19990012.471.84$0
Feb 19990919.981.82$165
Jan 199902910.381.90$55
Dec 199816609.201.77$1,527
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 1998174012.592.08$2,191
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 1998172011.242.24$1,933
May 19980012.622.21$0
Apr 1998171013.042.51$2,230
Mar 1998174012.802.31$2,227
Feb 19980013.952.30$0
Jan 199837714.702.15$210
Dec 19971031616.322.41$1,720
Nov 199790018.193.09$1,637
Oct 19971754919.253.15$3,523
Sep 199717310817.742.95$3,388
Aug 199735613417.862.55$6,701
Jul 199725915217.582.25$4,895
Jun 199734914417.242.26$6,342
May 1997241018.972.31$4,572
Apr 1997158017.882.08$2,825
Mar 1997178018.951.94$3,373
Feb 1997168020.492.21$3,442
Jan 1997164023.483.54$3,851
Dec 1996174023.32$4,058
Nov 1996339021.97$7,448
Oct 1996168023.31$3,916
Sep 1996253022.22$5,622
Aug 1996176020.26$3,566
Jul 1996275019.55$5,376
Jun 1996339018.73$6,349
May 1996173019.43$3,361
Apr 1996278021.51$5,980
Mar 1996420019.38$8,140
Feb 1996169016.98$2,870
Jan 1996324017.07$5,531
Dec 1995335017.19$5,759
Nov 199537220916.00$5,952
Oct 19951754115.43$2,700
Sep 1995348016.18$5,631
Aug 1995514015.92$8,183
Jul 199531430115.24$4,785
Jun 199542635516.41$6,991
May 1995806517.56$1,405
Apr 199505017.73$0
Mar 1995013116.44$0
Feb 1995862116.58$1,426
Jan 199509215.92$0
Dec 19941747215.03$2,615
Nov 19941617515.90$2,560
Oct 199406815.58$0
Sep 199407115.29$0
Aug 19941693216.13$2,726
Jul 19941693217.56$2,968
Jun 1994020817.09$0
May 1994014215.88$0
Apr 199412524614.14$1,768
Mar 19942591012.46$3,227
Feb 1994143412.50$1,788
Jan 19941506612.66$1,899
Dec 199316218112.33$1,997
Nov 19931477414.49$2,130
Oct 199369824715.85$11,063
Sep 19931,02450215.03$15,391
Aug 19933267515.66$5,105
Jul 19936794915.46$10,497
Jun 19935385716.79$9,033
May 19936946417.68$12,270
Apr 19938645718.05$15,595
Mar 19936928318.14$12,553
Feb 19938498917.90$15,197
Jan 19936927316.93$11,716

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.

Sep 2004 — as filed, then multipliedworked
Oil                  152 bbl  × $ 43.24 =     $6,572
Casinghead gas         0 Mcf  × $  5.28 =         $0

────────────────────────────────────────────────────
Month total                                   $6,572

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/11249 is the state's own key, not one this site invented.