COWDEN "41"

Operated by PRIME OPERATING COMPANY (P-5 677770) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11887District 7CField 85279200NGPA filingOilCasinghead gasSaveExport
Value, all time
$288 k
Jan 1993 – Dec 2001
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
108
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 7,461 leases and 22,481 wells, and the rule below applies to all of them.

Discovered
1904-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-03-08.

The Commission's schedule remark for this field reads: AREA) 85279200.

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
OilDisposition9,634 bbl$164,875
Casinghead gasProduction101,801 Mcf$122,823
Total$287,698

51,968 Mcf of this lease's gas, across 48 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 31.5441, -101.9771. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.54407, -101.97705 · 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
9,210 ft
2 wells filed one
Completion to plug
9.7 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 9,209 and 9,210 ft, median 9,210 ft, over the 2 wells that filed a depth.

Completions filed
Jan 1986
2 of 2 wells
Plug dates filed
Aug 1989 – Sep 2001
2 of 2 wells

Last completion to plug: a median of 9.7 years across the 2 wells that filed both dates, with the middle half between 6.6 years and 12.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-4613243629,210 ftJan 1986Sep 2001Yes
42-4613244019,209 ftJan 1986Aug 1989Yes

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 (108)

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

108 months

Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 200126024.262.25$631
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 2001029225.524.31$1,258
Apr 2001015924.685.34$848
Mar 200117424.545.38$422
Feb 200101027.755.77$58
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 200085029.644.54$2,519
Jul 20000728.534.09$29
Jun 2000034929.304.40$1,535
May 2000841,25427.263.68$6,904
Apr 2000611,22724.513.12$5,318
Mar 2000931,03828.422.86$5,611
Feb 2000911,13527.622.73$5,608
Jan 2000911,18925.272.48$5,249
Dec 1999881,18324.282.42$5,004
Nov 19991031,17923.192.43$5,258
Oct 1999541,24220.982.80$4,615
Sep 19991101,06621.752.62$5,184
Aug 1999791,23319.262.88$5,067
Jul 19991011,24417.892.37$4,758
Jun 1999531,23115.942.36$3,753
May 19991211,02715.792.32$4,294
Apr 1999831,21515.102.21$3,936
Mar 19991281,25012.471.84$3,894
Feb 1999581,0809.981.82$2,542
Jan 1999831,06510.381.90$2,885
Dec 1998571,0009.201.77$2,298
Nov 1998811,19910.892.19$3,503
Oct 19981701,26312.421.97$4,599
Sep 199801,26212.592.08$2,628
Aug 19981151,29411.301.91$3,768
Jul 19981711,34811.742.24$5,023
Jun 199801,29611.242.24$2,900
May 1998911,35412.622.21$4,136
Apr 1998991,27813.042.51$4,493
Mar 1998841,30512.802.31$4,089
Feb 19981291,13013.952.30$4,398
Jan 1998991,15214.702.15$3,938
Dec 19971081,08316.322.41$4,374
Nov 19971871,19718.193.09$7,098
Oct 199701,26119.253.15$3,972
Sep 19971391,23917.742.95$6,127
Aug 1997541,43917.862.55$4,641
Jul 19971241,26817.582.25$5,029
Jun 19971941,18417.242.26$6,017
May 199701,21718.972.31$2,809
Apr 1997911,15217.882.08$4,026
Mar 19971871,21518.951.94$5,900
Feb 1997097020.492.21$2,140
Jan 199714997823.483.54$6,960
Dec 19961831,18323.32$4,268
Nov 1996097421.97$0
Oct 199611591023.31$2,681
Sep 19961801,12922.22$4,000
Aug 199601,26720.26$0
Jul 1996811,37819.55$1,584
Jun 19961031,21518.73$1,929
May 1996911,24119.43$1,768
Apr 19961061,15721.51$2,280
Mar 19961141,16519.38$2,209
Feb 19961231,08816.98$2,089
Jan 1996941,13417.07$1,605
Dec 19951341,11717.19$2,303
Nov 19951101,08916.00$1,760
Oct 19951271,18915.43$1,960
Sep 1995451,01816.18$728
Aug 19951081,18415.92$1,719
Jul 19951041,19815.24$1,585
Jun 19951031,16916.41$1,690
May 19951601,27917.56$2,810
Apr 1995691,06517.73$1,223
Mar 19951411,23316.44$2,318
Feb 19951711,12016.58$2,835
Jan 1995631,22815.92$1,003
Dec 19941291,24315.03$1,939
Nov 19941361,21215.90$2,162
Oct 19941521,24115.58$2,368
Sep 19941501,20215.29$2,294
Aug 19941271,15216.13$2,049
Jul 1994821,09217.56$1,440
Jun 19941081,17817.09$1,846
May 19941331,20315.88$2,112
Apr 19941231,13414.14$1,739
Mar 19941291,15512.46$1,607
Feb 19941781,04912.50$2,225
Jan 19941921,14512.66$2,431
Dec 19931881,15412.33$2,318
Nov 199301,10714.49$0
Oct 19931421,15515.85$2,251
Sep 19931481,07415.03$2,224
Aug 19931471,11515.66$2,302
Jul 199310878215.46$1,670
Jun 199312555916.79$2,099
May 199315368317.68$2,705
Apr 19939255418.05$1,661
Mar 199316854718.14$3,048
Feb 199313363617.90$2,381
Jan 199314486616.93$2,438

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 2001 — as filed, then multipliedworked
Oil                   26 bbl  × $ 24.26 =       $631
Casinghead gas         0 Mcf  × $  2.25 =         $0

────────────────────────────────────────────────────
Month total                                     $631

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/11887 is the state's own key, not one this site invented.