POWELL, VIRGIL "B"

Name: POWELL, VIRGIL "B" lease production and value, Feb 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by COG OPERATING LLC (P-5 166150) 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 15506District 7CField 85279200OilCasinghead gasSave Export

Value, all time

$6.3 M

Feb 2004 – Jul 2010

Value, last 12 filed months

$843 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 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.”

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	80,856 bbl	$5,033,606
Casinghead gas	Production	170,548 Mcf	$1,307,819
Total			$6,341,426

Wells on this lease (3)

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 31.5984, -102.1625. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.59802, -102.16124 · 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%

3 of 3 wells

With a plug date

66.7%

2 of 3 wells

Median depth

10,750 ft

3 wells filed one

Completion to plug

7.7 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

266.7%

BothOn the schedule and plugged. Neither fact cancels the other.

266.7%

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 10,260 and 10,815 ft, median 10,750 ft, over the 3 wells that filed a depth.

Completions filed

Mar 2004 – Dec 2009

3 of 3 wells

Plug dates filed

Jan 2013 – Sep 2017

2 of 3 wells; 1 filed none

Last completion to plug: a median of 7.7 years across the 2 wells that filed both dates, with the middle half between 5.4 years and 10.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-46136362	4807	10,260 ft	Dec 2009	Jan 2013	Yes
42-46133091	4806	10,815 ft	Jun 2005	Sep 2017	Yes
42-46133008	4805	10,750 ft	Mar 2004	—	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 (78)

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

78 months


Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	2,730	1,631	81.69	4.12	$229,738
Mar 2010	2,851	3,127	78.39	4.39	$237,213
Feb 2010	700	1,199	73.58	5.44	$58,031
Jan 2010	1,615	1,017	74.36	5.96	$126,157
Dec 2009	1,635	1,206	71.44	5.48	$123,418
Nov 2009	0	219	74.59	3.75	$822
Oct 2009	735	349	72.54	4.11	$54,751
Sep 2009	0	95	65.54	3.06	$291
Aug 2009	175	359	67.42	3.22	$12,954
Jul 2009	528	470	61.13	3.46	$33,905
Jun 2009	173	399	66.16	3.90	$13,000
May 2009	533	519	54.74	3.93	$31,214
Apr 2009	349	713	46.77	3.59	$18,881
Mar 2009	689	1,949	42.14	4.06	$36,945
Feb 2009	694	1,632	32.81	4.63	$30,331
Jan 2009	1,055	1,893	35.86	5.37	$48,000
Dec 2008	523	2,147	37.10	5.98	$32,236
Nov 2008	1,031	2,203	55.49	6.86	$72,324
Oct 2008	706	2,119	75.24	6.92	$67,787
Sep 2008	690	2,506	101.76	7.88	$89,954
Aug 2008	721	2,512	114.22	8.48	$103,662
Jul 2008	359	2,477	131.08	11.39	$75,269
Jun 2008	723	2,486	131.33	13.03	$127,351
May 2008	1,087	2,455	123.17	11.57	$162,301
Apr 2008	352	2,560	110.31	10.45	$65,594
Mar 2008	1,447	2,716	101.90	9.66	$173,697
Feb 2008	351	2,581	92.53	8.77	$55,115
Jan 2008	1,085	2,697	90.38	8.21	$120,193
Dec 2007	729	2,390	88.33	7.30	$81,844
Nov 2007	742	2,562	91.67	7.29	$86,700
Oct 2007	704	2,497	82.85	6.92	$75,611
Sep 2007	1,081	2,392	75.84	6.24	$96,919
Aug 2007	1,064	2,320	69.06	6.39	$88,300
Jul 2007	1,095	2,456	70.90	6.39	$93,324
Jun 2007	1,074	2,043	62.00	7.55	$82,009
May 2007	359	1,921	58.74	7.85	$36,160
Apr 2007	1,079	2,334	59.61	7.81	$82,537
Mar 2007	712	2,039	56.92	7.30	$55,416
Feb 2007	1,104	2,059	55.10	8.22	$77,747
Jan 2007	1,092	2,447	50.30	6.73	$71,388
Dec 2006	1,080	2,429	56.65	6.92	$77,987
Nov 2006	1,098	2,485	54.20	7.62	$78,441
Oct 2006	1,093	2,715	54.90	6.01	$76,333
Sep 2006	1,248	2,746	60.08	5.04	$88,812
Aug 2006	1,082	2,958	68.71	7.34	$96,056
Jul 2006	1,412	3,027	69.37	6.34	$117,150
Jun 2006	727	2,759	66.28	6.38	$65,799
May 2006	1,428	3,084	66.01	6.42	$114,077
Apr 2006	1,418	3,217	64.39	7.36	$114,984
Mar 2006	1,719	3,386	56.70	7.08	$121,450
Feb 2006	1,055	3,065	57.59	7.75	$84,515
Jan 2006	1,837	4,076	60.59	8.93	$147,716
Dec 2005	1,671	2,971	54.94	13.42	$131,662
Nov 2005	1,494	4,721	54.69	10.59	$131,695
Oct 2005	2,010	4,515	58.34	13.80	$179,551
Sep 2005	2,171	3,419	61.45	12.08	$174,706
Aug 2005	2,187	5,818	61.51	9.80	$191,520
Jul 2005	2,354	5,751	55.69	7.84	$176,203
Jun 2005	3,086	5,007	52.33	7.38	$198,447
May 2005	541	1,954	45.22	6.65	$37,460
Apr 2005	732	2,542	49.20	7.36	$54,725
Mar 2005	1,080	1,709	50.37	7.15	$66,627
Feb 2005	733	1,456	45.22	6.31	$42,336
Jan 2005	1,009	1,152	43.16	6.32	$50,832
Dec 2004	336	1,214	39.86	6.75	$21,589
Nov 2004	1,009	948	45.28	6.33	$51,689
Oct 2004	657	886	49.70	6.52	$38,425
Sep 2004	738	1,873	43.24	5.28	$41,808
Aug 2004	1,435	2,724	42.37	5.55	$75,921
Jul 2004	1,102	2,170	38.28	6.08	$55,387
Jun 2004	1,870	3,524	36.10	6.43	$90,177
May 2004	1,835	2,655	37.48	6.49	$86,019
Apr 2004	348	408	34.47	5.86	$14,386
Mar 2004	2,525	3,113	34.36	5.53	$103,974
Feb 2004	364	375	32.45	5.51	$13,878

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.

Apr 2010 — as filed, then multipliedworked

Oil                2,730 bbl  × $ 81.69 =   $223,014
Casinghead gas     1,631 Mcf  × $  4.12 =     $6,724

────────────────────────────────────────────────────
Month total                                 $229,738

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/15506 is the state's own key, not one this site invented.