HIGGINS, OLLIE

Name: HIGGINS, OLLIE lease production and value, Nov 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by L.C.S. PRODUCTION COMPANY (P-5 479574) in the FORT CHADBOURNE field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14475District 7CField 32011001OilCasinghead gasSave

Value, all time

$2.8 M

Nov 1996 – Dec 2001

Value, last 12 filed months

$170 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

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.

Stream	Basis	Volume	Value
Oil	Disposition	128,208 bbl	$2,234,339
Casinghead gas	Production	175,438 Mcf	$556,755
Total			$2,791,094

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 31.9969, -100.2657. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.99686, -100.26566 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

5,648 ft

2 wells filed one

Completion to plug

10.8 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 5,630 and 5,665 ft, median 5,648 ft, over the 2 wells that filed a depth.

Completions filed

Nov 1996 – Oct 1998

2 of 2 wells

Plug dates filed

Aug 2008

2 of 2 wells

Last completion to plug: a median of 10.8 years across the 2 wells that filed both dates, with the middle half between 10.3 years and 11.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-08131765	2	5,665 ft	Oct 1998	Aug 2008	Yes
42-08131720	1	5,630 ft	Nov 1996	Aug 2008	Yes

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 (62)

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

62 months


Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	562	1,875	24.87	3.05	$19,702
Jul 2001	295	2,039	23.93	3.20	$13,578
Jun 2001	179	1,998	24.56	3.82	$12,037
May 2001	549	2,112	25.52	4.31	$23,108
Apr 2001	368	2,070	24.68	5.34	$20,126
Mar 2001	373	2,187	24.54	5.38	$20,912
Feb 2001	350	2,393	27.75	5.77	$23,513
Jan 2001	529	2,698	27.47	8.40	$37,191
Dec 2000	534	2,860	26.88	9.12	$40,444
Nov 2000	622	3,015	32.21	5.66	$37,093
Oct 2000	713	3,374	31.23	5.15	$39,628
Sep 2000	697	3,743	31.87	5.19	$41,626
Aug 2000	956	4,116	29.64	4.54	$47,026
Jul 2000	1,068	4,406	28.53	4.09	$48,489
Jun 2000	1,262	4,984	29.30	4.40	$58,892
May 2000	1,209	4,895	27.26	3.68	$50,970
Apr 2000	1,600	5,470	24.51	3.12	$56,261
Mar 2000	1,723	6,443	28.42	2.86	$67,393
Feb 2000	2,019	6,584	27.62	2.73	$73,716
Jan 2000	2,528	1,357	25.27	2.48	$67,249
Dec 1999	2,712	7,363	24.28	2.42	$83,693
Nov 1999	3,154	7,744	23.19	2.43	$91,990
Oct 1999	3,713	8,687	20.98	2.80	$102,255
Sep 1999	3,321	9,166	21.75	2.62	$96,236
Aug 1999	4,165	10,211	19.26	2.88	$109,581
Jul 1999	4,371	9,531	17.89	2.37	$100,808
Jun 1999	4,182	8,630	15.94	2.36	$87,046
May 1999	4,832	7,726	15.79	2.32	$94,229
Apr 1999	4,945	7,566	15.10	2.21	$91,376
Mar 1999	5,318	6,782	12.47	1.84	$78,783
Feb 1999	5,789	7,465	9.98	1.82	$71,344
Jan 1999	5,495	561	10.38	1.90	$58,104
Dec 1998	5,383	662	9.20	1.77	$50,698
Nov 1998	7,010	473	10.89	2.19	$77,373
Oct 1998	6,254	497	12.42	1.97	$78,653
Sep 1998	1,256	450	12.59	2.08	$16,750
Aug 1998	1,233	564	11.30	1.91	$15,009
Jul 1998	1,402	675	11.74	2.24	$17,970
Jun 1998	1,601	694	11.24	2.24	$19,548
May 1998	1,434	701	12.62	2.21	$19,644
Apr 1998	1,603	598	13.04	2.51	$22,401
Mar 1998	1,422	735	12.80	2.31	$19,899
Feb 1998	1,238	477	13.95	2.30	$18,367
Jan 1998	1,239	501	14.70	2.15	$19,293
Dec 1997	1,410	506	16.32	2.41	$24,231
Nov 1997	1,402	546	18.19	3.09	$27,189
Oct 1997	1,504	589	19.25	3.15	$30,807
Sep 1997	1,523	440	17.74	2.95	$28,318
Aug 1997	1,888	689	17.86	2.55	$35,480
Jul 1997	1,047	475	17.58	2.25	$19,474
Jun 1997	2,067	871	17.24	2.26	$37,601
May 1997	2,090	940	18.97	2.31	$41,817
Apr 1997	1,766	681	17.88	2.08	$32,994
Mar 1997	2,590	1,089	18.95	1.94	$51,192
Feb 1997	2,328	868	20.49	2.21	$49,615
Jan 1997	2,676	666	23.48	3.54	$65,190
Dec 1996	2,759	0	23.32	—	$64,340
Nov 1996	1,950	0	21.97	—	$42,842

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 2001 — as filed, then multipliedworked

Oil                  562 bbl  × $ 24.87 =    $13,977
Casinghead gas     1,875 Mcf  × $  3.05 =     $5,725

────────────────────────────────────────────────────
Month total                                  $19,702

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/14475 is the state's own key, not one this site invented.