POWELL "6"

Operated by CARAWAY OPERATING CO. (P-5 130690) in the CARAWAY & SMITH, SW. (CAMAR SD.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12411District 7CField 15572250NGPA filingOilCasinghead gasSaveExport
Value, all time
$406 k
Jan 1993 – Jun 2002
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
114
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 4 leases and 7 wells, and the rule below applies to all of them.

Discovered
1987-09-08
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: ASSOCIATED 49B FIELD EFF. 03/21/88

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
NGPA1none

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
OilDisposition20,686 bbl$358,687
Casinghead gasProduction42,655 Mcf$47,164
Total$405,851

25,246 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 (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 30.8681, -100.2027. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.86811, -100.20273 · 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
4,500 ft
1 wells filed one
Completion to plug
14.4 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 4,500 ft.

Completions filed
Dec 1987
1 of 1 wells
Plug dates filed
May 2002
1 of 1 wells

Last completion to plug: a median of 14.4 years across the 1 well that filed both dates, with the middle half between 14.4 years and 14.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4133165234,500 ftDec 1987May 2002Yes

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 (114)

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

114 months

Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 2002175022.003.10$3,850
Feb 200208018.222.38$190
Jan 2002012717.172.38$302
Dec 2001012716.932.36$300
Nov 200118811818.072.41$3,681
Oct 2001012019.782.53$303
Sep 200109524.262.25$214
Aug 200117712424.873.05$4,781
Jul 2001013523.933.20$432
Jun 2001010624.563.82$405
May 200118313525.524.31$5,252
Apr 2001015024.685.34$800
Mar 200118113824.545.38$5,184
Feb 2001012227.755.77$704
Jan 2001013027.478.40$1,092
Dec 20001868526.889.12$5,775
Nov 2000211732.215.66$726
Oct 200017210731.235.15$5,922
Sep 2000011031.875.19$571
Aug 2000211029.644.54$559
Jul 200017515228.534.09$5,614
Jun 200016523429.304.40$5,863
May 2000119227.263.68$734
Apr 200018426424.513.12$5,332
Mar 2000215428.422.86$497
Feb 200017721927.622.73$5,486
Jan 2000420225.272.48$602
Dec 199915535224.282.42$4,617
Nov 1999121523.192.43$547
Oct 199917025620.982.80$4,284
Sep 199917749421.752.62$5,143
Aug 1999142019.262.88$1,227
Jul 199918126417.892.37$3,864
Jun 1999242515.942.36$1,036
May 199917835115.792.32$3,625
Apr 1999033615.102.21$742
Mar 199917846312.471.84$3,071
Feb 19991762399.981.82$2,191
Jan 19990010.381.90$0
Dec 19980719.201.77$126
Nov 199817731210.892.19$2,609
Oct 1998062612.421.97$1,233
Sep 199817435212.592.08$2,924
Aug 199817840211.301.91$2,778
Jul 199806811.742.24$152
Jun 1998064811.242.24$1,450
May 199816557812.622.21$3,358
Apr 199816754313.042.51$3,538
Mar 1998344012.802.31$1,055
Feb 199817634413.952.30$3,246
Jan 199817441914.702.15$3,461
Dec 1997054416.322.41$1,312
Nov 199717543918.193.09$4,539
Oct 199718046619.253.15$4,933
Sep 1997148417.742.95$1,448
Aug 199717537917.862.55$4,094
Jul 1997247717.582.25$1,107
Jun 199717744417.242.26$4,054
May 199713740018.972.31$3,522
Apr 199717341317.882.08$3,953
Mar 199716541118.951.94$3,924
Feb 199715637120.492.21$4,015
Jan 199716931023.483.54$5,065
Dec 1996246423.32$47
Nov 199634224021.97$7,514
Oct 1996253523.31$47
Sep 199616249622.22$3,600
Aug 199616752220.26$3,383
Jul 199616544119.55$3,226
Jun 199631642618.73$5,919
May 199616848419.43$3,264
Apr 199632158921.51$6,905
Mar 199616249919.38$3,140
Feb 199616756616.98$2,836
Jan 199616327217.07$2,782
Dec 199549933817.19$8,578
Nov 1995032316.00$0
Oct 199517031515.43$2,623
Sep 199533336016.18$5,388
Aug 1995161015.92$2,563
Jul 199531541515.24$4,801
Jun 199530041016.41$4,923
May 199549542717.56$8,692
Apr 1995042917.73$0
Mar 199551848116.44$8,516
Feb 199516839816.58$2,785
Jan 199516443415.92$2,611
Dec 199448456015.03$7,275
Nov 199433558215.90$5,327
Oct 199433969515.58$5,282
Sep 199432455515.29$4,954
Aug 199433140316.13$5,339
Jul 199433838517.56$5,935
Jun 199434436417.09$5,879
May 199449836415.88$7,908
Apr 199434646614.14$4,892
Mar 199435870012.46$4,461
Feb 199451260512.50$6,400
Jan 199434645012.66$4,380
Dec 199333172412.33$4,081
Nov 199351961014.49$7,520
Oct 199334480515.85$5,452
Sep 199351074415.03$7,665
Aug 199333973515.66$5,309
Jul 199350576115.46$7,807
Jun 199334679216.79$5,809
May 199334586917.68$6,100
Apr 199351786518.05$9,332
Mar 199334886118.14$6,313
Feb 199350275817.90$8,986
Jan 199334872916.93$5,892

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.

Mar 2002 — as filed, then multipliedworked
Oil                  175 bbl  × $ 22.00 =     $3,850
Casinghead gas         0 Mcf  × $  3.10 =         $0

────────────────────────────────────────────────────
Month total                                   $3,850

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/12411 is the state's own key, not one this site invented.