UT-3064

Name: UT-3064 lease production and value, Apr 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MEADCO PROPERTIES (P-5 556500) in the LITTLE STEVE REEF (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14553District 7CField 54082475OilCasinghead gasSave Export

Value, all time

$876 k

Apr 1997 – Jan 2006

Value, last 12 filed months

$27 k

at the published price for each month

Months reported

106

no gaps in the span

Streams

oil, casinghead gas

The LITTLE STEVE REEF (WOLFCAMP) field

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 1 leases and 1 wells, and the rule below applies to all of them.

Discovered

1997-04-03

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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	39,030 bbl	$781,499
Casinghead gas	Production	34,367 Mcf	$94,524
Total			$876,023

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 31.3960, -100.9838. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.39600, -100.98377 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

7,520 ft

1 wells filed one

Completion to plug

8.3 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 7,520 ft.

Completions filed

Apr 1997

1 of 1 wells

Plug dates filed

Aug 2005

1 of 1 wells

Last completion to plug: a median of 8.3 years across the 1 well that filed both dates, with the middle half between 8.3 years and 8.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-23533639	2	7,520 ft	Apr 1997	Aug 2005	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 (106)

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

106 months


Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	10	0	61.45	12.08	$615
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	180	10	52.33	7.38	$9,493
May 2005	0	10	45.22	6.65	$67
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	174	20	50.37	7.15	$8,907
Feb 2005	178	5	45.22	6.31	$8,081
Jan 2005	0	20	43.16	6.32	$126
Dec 2004	178	26	39.86	6.75	$7,271
Nov 2004	174	30	45.28	6.33	$8,069
Oct 2004	0	31	49.70	6.52	$202
Sep 2004	174	38	43.24	5.28	$7,725
Aug 2004	176	52	42.37	5.55	$7,746
Jul 2004	0	47	38.28	6.08	$286
Jun 2004	169	37	36.10	6.43	$6,339
May 2004	0	28	37.48	6.49	$182
Apr 2004	174	37	34.47	5.86	$6,215
Mar 2004	175	19	34.36	5.53	$6,118
Feb 2004	175	25	32.45	5.51	$5,816
Jan 2004	0	36	32.03	6.30	$227
Dec 2003	173	26	30.26	6.30	$5,399
Nov 2003	176	30	28.80	4.60	$5,207
Oct 2003	173	25	28.17	4.76	$4,992
Sep 2003	173	39	26.31	4.75	$4,737
Aug 2003	0	77	29.76	5.13	$395
Jul 2003	348	34	29.41	5.17	$10,410
Jun 2003	176	20	28.56	5.98	$5,146
May 2003	0	47	26.59	5.97	$281
Apr 2003	350	52	26.67	5.41	$9,616
Mar 2003	175	28	31.14	6.10	$5,620
Feb 2003	151	15	33.48	7.93	$5,174
Jan 2003	175	13	30.31	5.58	$5,377
Dec 2002	359	25	26.91	4.85	$9,782
Nov 2002	179	16	24.66	4.14	$4,480
Oct 2002	178	16	26.46	4.23	$4,778
Sep 2002	353	30	27.44	3.64	$9,795
Aug 2002	346	45	25.96	3.16	$9,125
Jul 2002	729	70	24.58	3.06	$18,133
Jun 2002	769	64	23.73	3.34	$18,462
May 2002	203	30	24.66	3.58	$5,114
Apr 2002	0	80	23.65	3.51	$281
Mar 2002	0	110	22.00	3.10	$341
Feb 2002	178	104	18.22	2.38	$3,490
Jan 2002	0	77	17.17	2.38	$183
Dec 2001	0	65	16.93	2.36	$154
Nov 2001	0	50	18.07	2.41	$120
Oct 2001	0	59	19.78	2.53	$149
Sep 2001	0	84	24.26	2.25	$189
Aug 2001	178	98	24.87	3.05	$4,726
Jul 2001	0	132	23.93	3.20	$422
Jun 2001	0	87	24.56	3.82	$333
May 2001	0	124	25.52	4.31	$534
Apr 2001	174	80	24.68	5.34	$4,721
Mar 2001	0	81	24.54	5.38	$435
Feb 2001	0	96	27.75	5.77	$554
Jan 2001	176	89	27.47	8.40	$5,582
Dec 2000	0	109	26.88	9.12	$994
Nov 2000	176	232	32.21	5.66	$6,982
Oct 2000	0	239	31.23	5.15	$1,230
Sep 2000	178	310	31.87	5.19	$7,281
Aug 2000	0	384	29.64	4.54	$1,744
Jul 2000	179	322	28.53	4.09	$6,424
Jun 2000	0	424	29.30	4.40	$1,864
May 2000	170	270	27.26	3.68	$5,628
Apr 2000	0	332	24.51	3.12	$1,035
Mar 2000	353	257	28.42	2.86	$10,767
Feb 2000	0	295	27.62	2.73	$804
Jan 2000	165	372	25.27	2.48	$5,092
Dec 1999	176	469	24.28	2.42	$5,410
Nov 1999	354	743	23.19	2.43	$10,018
Oct 1999	176	860	20.98	2.80	$6,104
Sep 1999	350	721	21.75	2.62	$9,501
Aug 1999	348	873	19.26	2.88	$9,213
Jul 1999	348	1,192	17.89	2.37	$9,054
Jun 1999	702	1,891	15.94	2.36	$15,657
May 1999	533	2,581	15.79	2.32	$14,407
Apr 1999	0	345	15.10	2.21	$762
Mar 1999	530	209	12.47	1.84	$6,993
Feb 1999	0	110	9.98	1.82	$200
Jan 1999	0	292	10.38	1.90	$555
Dec 1998	0	159	9.20	1.77	$282
Nov 1998	0	153	10.89	2.19	$334
Oct 1998	179	297	12.42	1.97	$2,808
Sep 1998	182	519	12.59	2.08	$3,372
Aug 1998	341	383	11.30	1.91	$4,584
Jul 1998	347	1,226	11.74	2.24	$6,817
Jun 1998	706	2,106	11.24	2.24	$12,647
May 1998	700	1,004	12.62	2.21	$11,049
Apr 1998	709	857	13.04	2.51	$11,392
Mar 1998	712	1,019	12.80	2.31	$11,467
Feb 1998	715	1,018	13.95	2.30	$12,315
Jan 1998	1,078	1,526	14.70	2.15	$19,135
Dec 1997	1,427	1,411	16.32	2.41	$26,691
Nov 1997	1,063	891	18.19	3.09	$22,088
Oct 1997	1,773	771	19.25	3.15	$36,559
Sep 1997	1,391	1,719	17.74	2.95	$29,756
Aug 1997	2,615	1,603	17.86	2.55	$50,799
Jul 1997	2,782	1,141	17.58	2.25	$51,471
Jun 1997	2,619	143	17.24	2.26	$45,474
May 1997	3,825	0	18.97	2.31	$72,560
Apr 1997	3,299	0	17.88	2.08	$58,986

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 2005 — as filed, then multipliedworked

Oil                   10 bbl  × $ 61.45 =       $615
Casinghead gas         0 Mcf  × $ 12.08 =         $0

────────────────────────────────────────────────────
Month total                                     $615

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/14553 is the state's own key, not one this site invented.