WILDE-SCHNIERS UNIT

Operated by FORTUNE PRODUCTION CO. (P-5 278770) in the SCHNIERS field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12701District 7CField 81538500NGPA filingOilCasinghead gasSaveExport
Value, all time
$200 k
Jan 1993 – Jan 2000
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
85
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 11 leases and 11 wells, and the rule below applies to all of them.

Discovered
1985-05-18
as the register files it
Field class
Oil
the register's own label
Between wells
1,320 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 1985-11-01.

The Commission's schedule remark for this field reads: REQUEST PER OPER TO GREG WANER FOR LOWER ALLOW OF 93 12/27/85

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
OilDisposition11,584 bbl$194,348
Casinghead gasProduction7,223 Mcf$5,783
Total$200,131

4,730 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 (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 31.3876, -100.2977. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38764, -100.29770 · 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
4,900 ft
1 wells filed one
Completion to plug
10.3 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 4,900 ft.

Completions filed
Aug 1989
1 of 1 wells
Plug dates filed
Nov 1999
1 of 1 wells

Last completion to plug: a median of 10.3 years across the 1 well that filed both dates, with the middle half between 10.3 years and 10.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4513197014,900 ftAug 1989Nov 1999Yes

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 (85)

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

85 months

Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 1999178020.982.80$3,734
Sep 19990021.752.62$0
Aug 199901719.262.88$49
Jul 199908517.892.37$202
Jun 199907015.942.36$165
May 19991729615.792.32$2,939
Apr 199906215.102.21$137
Mar 19991817512.471.84$2,395
Feb 19990609.981.82$109
Jan 19991817510.381.90$2,021
Dec 19980519.201.77$90
Nov 199804710.892.19$103
Oct 19983004612.421.97$3,817
Sep 19983614112.592.08$4,630
Aug 199805411.301.91$103
Jul 199805711.742.24$128
Jun 199805611.242.24$125
May 199806412.622.21$141
Apr 19981674413.042.51$2,288
Mar 199804812.802.31$111
Feb 19981674513.952.30$2,433
Jan 19980514.702.15$11
Dec 199707916.322.41$190
Nov 19971746318.193.09$3,360
Oct 199732410719.253.15$6,574
Sep 199705317.742.95$157
Aug 199704717.862.55$120
Jul 19971767717.582.25$3,267
Jun 199705717.242.26$129
May 199717526418.972.31$3,929
Apr 199717122417.882.08$3,524
Mar 1997018718.951.94$363
Feb 199716912120.492.21$3,730
Jan 199716211623.483.54$4,214
Dec 19961679023.32$3,894
Nov 19961665721.97$3,647
Oct 19961605323.31$3,730
Sep 19961645722.22$3,644
Aug 19961624420.26$3,282
Jul 19961689719.55$3,284
Jun 199616210318.73$3,034
May 199616013119.43$3,109
Apr 199617213621.51$3,700
Mar 199619110519.38$3,702
Feb 19961659716.98$2,802
Jan 19961625117.07$2,765
Dec 19951747117.19$2,991
Nov 19951739716.00$2,768
Oct 19951724715.43$2,654
Sep 19951551816.18$2,508
Aug 19951738115.92$2,754
Jul 19951723715.24$2,621
Jun 19951758216.41$2,872
May 199505817.56$0
Apr 199532912117.73$5,833
Mar 199505216.44$0
Feb 199516513116.58$2,736
Jan 19952937115.92$4,665
Dec 199408915.03$0
Nov 199416916315.90$2,687
Oct 199432711215.58$5,095
Sep 199409315.29$0
Aug 19941635316.13$2,629
Jul 199432910317.56$5,777
Jun 199432423417.09$5,537
May 1994011515.88$0
Apr 199409214.14$0
Mar 19943539212.46$4,398
Feb 19941667612.50$2,075
Jan 199416611212.66$2,102
Dec 199317210612.33$2,121
Nov 199317710414.49$2,565
Oct 199316416015.85$2,599
Sep 199333513715.03$5,035
Aug 199333711915.66$5,277
Jul 1993012215.46$0
Jun 199334114916.79$5,725
May 199317014917.68$3,006
Apr 199316811718.05$3,032
Mar 199335111118.14$6,367
Feb 199317111017.90$3,061
Jan 199316312516.93$2,760

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.

Oct 1999 — as filed, then multipliedworked
Oil                  178 bbl  × $ 20.98 =     $3,734
Casinghead gas         0 Mcf  × $  2.80 =         $0

────────────────────────────────────────────────────
Month total                                   $3,734

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/12701 is the state's own key, not one this site invented.