KENT, N. G., -B- NCT-9

Operated by VERDAD OIL & GAS CORPORATION (P-5 884572) in the KENT (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 3692District 7CField 48982250NGPA filingOilCasinghead gasSaveExport
Value, all time
$1.4 M
Jan 1993 – Apr 2017
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
292
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 17 leases and 25 wells, and the rule below applies to all of them.

Discovered
1961-06-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,150 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres.

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
OilDisposition13,780 bbl$558,284
Casinghead gasProduction220,082 Mcf$834,345
Total$1,392,629

45,900 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 31.2615, -100.2406. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.26148, -100.24059 · 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
4,924 ft
1 wells filed one
Completion to plug
no well filed both dates

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 4,924 ft.

Plug dates filed
Mar 2017
1 of 1 wells

1 well

42-4510118814,924 ft1961Mar 2017Yes

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 (292)

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

292 months

Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 2016143042.521.99$6,080
Apr 20160036.561.99$0
Mar 2016019833.011.79$355
Feb 2016025926.472.06$534
Jan 201618729027.352.36$5,800
Dec 2015023932.362.00$478
Nov 2015026538.792.17$574
Oct 2015028543.552.43$692
Sep 2015016342.992.76$450
Aug 2015015740.162.87$451
Jul 2015034648.152.95$1,019
Jun 201518034756.152.88$11,107
May 2015035855.212.96$1,058
Apr 2015035349.822.71$955
Mar 201517937042.892.93$8,763
Feb 2015031244.662.98$929
Jan 2015035843.433.10$1,110
Dec 201412635554.693.59$8,166
Nov 2014034270.464.25$1,454
Oct 2014012478.303.90$484
Sep 2014012086.164.05$485
Aug 20146227989.394.04$6,668
Jul 2014032296.564.18$1,346
Jun 2014012398.164.74$583
May 20146414194.734.73$6,729
Apr 2014029495.944.81$1,414
Mar 2014029395.895.06$1,482
Feb 20146338897.406.19$8,539
Jan 20146539690.404.86$7,801
Dec 2013029591.824.35$1,285
Nov 2013037088.853.74$1,383
Oct 20136533797.423.78$7,606
Sep 20130154104.113.72$573
Aug 20130121104.253.52$426
Jul 20130121102.523.72$450
Jun 20136521194.403.93$6,966
May 2013030394.834.15$1,257
Apr 20136143893.964.28$7,607
Mar 2013028793.623.91$1,123
Feb 20136540791.233.42$7,322
Jan 20136445591.603.42$7,418
Dec 2012047286.773.42$1,614
Nov 20126248986.953.62$7,164
Oct 2012039689.383.40$1,346
Sep 20126216694.672.92$6,354
Aug 2012017892.662.91$518
Jul 20126425185.133.02$6,207
Jun 2012032079.822.52$806
May 20126237191.612.49$6,603
Apr 20120380101.652.00$759
Mar 201267422105.052.22$7,976
Feb 201263455101.102.57$7,539
Jan 2012047998.092.73$1,310
Dec 20116449296.873.24$7,794
Nov 2011046895.723.31$1,550
Oct 20116548084.983.65$7,275
Sep 2011048883.623.99$1,945
Aug 2011057383.404.15$2,378
Jul 20116349894.144.52$8,180
Jun 2011049592.904.64$2,297
May 20116751398.134.40$8,834
Apr 20110470105.964.33$2,037
Mar 20116551696.364.06$8,357
Feb 2011041085.644.18$1,714
Jan 20116649086.504.59$7,958
Dec 2010049185.734.35$2,135
Nov 20106450080.843.80$7,071
Oct 2010053778.103.51$1,884
Sep 20106446872.633.98$6,511
Aug 20106251973.684.42$6,862
Jul 2010053772.554.74$2,544
Jun 20106751470.364.91$7,238
May 2010051071.124.24$2,160
Apr 20106653281.694.12$7,585
Mar 2010049778.394.39$2,181
Feb 20106447473.585.44$7,289
Jan 2010049774.365.96$2,964
Dec 20096853471.445.48$7,786
Nov 2009053474.593.75$2,003
Oct 20096557272.544.11$7,066
Sep 2009054265.543.06$1,661
Aug 20096553967.423.22$6,117
Jul 2009054261.133.46$1,878
Jun 20096253166.163.90$6,170
May 20096157554.743.93$5,596
Apr 2009053246.773.59$1,909
Mar 20096357042.144.06$4,968
Feb 2009048532.814.63$2,247
Jan 20096653635.865.37$5,246
Dec 2008055937.105.98$3,341
Nov 2008049855.496.86$3,416
Oct 20086525375.246.92$6,642
Sep 20080319101.767.88$2,513
Aug 200861211114.228.48$8,757
Jul 20080392131.0811.39$4,465
Jun 200866561131.3313.03$15,979
May 200865592123.1711.57$14,858
Apr 200863637110.3110.45$13,609
Mar 20080444101.909.66$4,291
Feb 2008088992.538.77$7,797
Jan 200810297790.388.21$17,236
Dec 20079992888.337.30$15,521
Nov 2007093791.677.29$6,832
Oct 20079793582.856.92$14,509
Sep 2007092775.846.24$5,788
Aug 2007911,00769.066.39$12,717
Jul 200701,03170.906.39$6,586
Jun 2007062862.007.55$4,740
May 20079760958.747.85$10,476
Apr 20079798959.617.81$13,502
Mar 200701,02456.927.30$7,477
Feb 200710287055.108.22$12,768
Jan 2007083450.306.73$5,610
Dec 20069541956.656.92$8,281
Nov 2006095854.207.62$7,298
Oct 20061001,02254.906.01$11,636
Sep 200601,01360.085.04$5,103
Aug 20061061,01168.717.34$14,704
Jul 2006089169.376.34$5,651
Jun 2006090266.286.38$5,758
May 20069794666.016.42$12,481
Apr 2006096464.397.36$7,096
Mar 20069696956.707.08$12,307
Feb 2006090757.597.75$7,030
Jan 2006961,01360.598.93$14,866
Dec 200501,02854.9413.42$13,791
Nov 2005971,02654.6910.59$16,169
Oct 2005981,06658.3413.80$20,424
Sep 200501,02261.4512.08$12,345
Aug 2005971,04761.519.80$16,224
Jul 2005981,05455.697.84$13,725
Jun 2005099252.337.38$7,322
May 2005961,01845.226.65$11,112
Apr 2005961,05449.207.36$12,481
Mar 2005931,02950.377.15$12,047
Feb 2005089745.226.31$5,662
Jan 2005981,05543.166.32$10,900
Dec 20041001,06739.866.75$11,189
Nov 200401,00145.286.33$6,337
Oct 2004981,04549.706.52$11,679
Sep 200401,02043.245.28$5,390
Aug 2004981,07042.375.55$10,091
Jul 2004961,13238.286.08$10,562
Jun 2004082736.106.43$5,320
May 2004991,00437.486.49$10,231
Apr 2004971,04134.475.86$9,442
Mar 200401,11934.365.53$6,188
Feb 2004086932.455.51$4,788
Jan 200410093432.036.30$9,087
Dec 2003095730.266.30$6,031
Nov 20031961,00028.804.60$10,240
Oct 200301,03728.174.76$4,936
Sep 2003971,03626.314.75$7,472
Aug 200301,07129.765.13$5,494
Jul 2003971,05429.415.17$8,303
Jun 2003961,05228.565.98$9,036
May 200301,07126.595.97$6,397
Apr 200301,09226.675.41$5,905
Mar 20039784831.146.10$8,190
Feb 2003062333.487.93$4,938
Jan 2003981,09030.315.58$9,055
Dec 200201,02526.914.85$4,975
Nov 200201,00724.664.14$4,166
Oct 2002971,09426.464.23$7,193
Sep 200201,06927.443.64$3,886
Aug 200201,13025.963.16$3,576
Jul 200201,11524.583.06$3,414
Jun 2002971,08523.733.34$5,924
May 2002931,13024.663.58$6,343
Apr 2002098023.653.51$3,442
Mar 2002971,04722.003.10$5,383
Feb 2002961,02918.222.38$4,194
Jan 2002961,14117.172.38$4,359
Dec 2001951,11216.932.36$4,238
Nov 200101,11418.072.41$2,680
Oct 20019290419.782.53$4,106
Sep 2001099324.262.25$2,236
Aug 200101,00624.873.05$3,071
Jul 2001941,07223.933.20$5,677
Jun 2001921,08124.563.82$6,393
May 2001941,12925.524.31$7,262
Apr 200101,08724.685.34$5,799
Mar 2001901,13224.545.38$8,295
Feb 2001921,03127.755.77$8,499
Jan 2001821,12027.478.40$11,659
Dec 200001,12926.889.12$10,299
Nov 2000871,10032.215.66$9,026
Oct 200001,15331.235.15$5,933
Sep 20001011,11931.875.19$9,023
Aug 2000991,15029.644.54$8,156
Jul 2000951,16528.534.09$7,475
Jun 200001,10929.304.40$4,877
May 2000941,15027.263.68$6,794
Apr 2000951,11824.513.12$5,812
Mar 200001,17128.422.86$3,349
Feb 2000831,10627.622.73$5,308
Jan 200001,13125.272.48$2,805
Dec 1999901,09024.282.42$4,827
Nov 1999901,12423.192.43$4,823
Oct 199901,15420.982.80$3,235
Sep 1999931,11121.752.62$4,932
Aug 1999881,17119.262.88$5,062
Jul 1999881,19017.892.37$4,397
Jun 19991661,15315.942.36$5,370
May 199901,10915.792.32$2,574
Apr 19992071,10715.102.21$5,570
Mar 199901,14912.471.84$2,112
Feb 199901,0519.981.82$1,911
Jan 199901,04610.381.90$1,987
Dec 19981951,1219.201.77$3,782
Nov 199801,01410.892.19$2,216
Oct 1998099512.421.97$1,959
Sep 199801,07512.592.08$2,239
Aug 199801,04811.301.91$1,999
Jul 19982151,20411.742.24$5,218
Jun 1998095111.242.24$2,128
May 199801,01112.622.21$2,231
Apr 1998090713.042.51$2,272
Mar 199820397412.802.31$4,848
Feb 1998086613.952.30$1,991
Jan 1998094014.702.15$2,026
Dec 199715993216.322.41$4,842
Nov 1997092218.193.09$2,847
Oct 1997094819.253.15$2,986
Sep 19971561,00617.742.95$5,740
Aug 199701,00617.862.55$2,570
Jul 1997088817.582.25$1,995
Jun 199712898817.242.26$4,437
May 199701,01018.972.31$2,332
Apr 1997096317.882.08$2,006
Mar 19971411,07818.951.94$4,762
Feb 1997063620.492.21$1,403
Jan 1997078023.483.54$2,761
Dec 199615391823.32$3,568
Nov 1996090221.97$0
Oct 1996099023.31$0
Sep 199612494422.22$2,755
Aug 199601,05420.26$0
Jul 199601,01019.55$0
Jun 19961741,02018.73$3,259
May 1996095119.43$0
Apr 199617096521.51$3,657
Mar 1996092319.38$0
Feb 1996089216.98$0
Jan 199614390317.07$2,441
Dec 1995089117.19$0
Nov 199516588916.00$2,640
Oct 1995096815.43$0
Sep 1995096916.18$0
Aug 199514497115.92$2,292
Jul 199501,01415.24$0
Jun 1995093816.41$0
May 19951341,05617.56$2,353
Apr 1995084317.73$0
Mar 19951631,01816.44$2,680
Feb 1995086916.58$0
Jan 19958594415.92$1,353
Dec 199401,01115.03$0
Nov 199413195215.90$2,083
Oct 1994721,02115.58$1,122
Sep 199401,01715.29$0
Aug 1994581,07316.13$936
Jul 1994571,08617.56$1,001
Jun 19941171,04117.09$2,000
May 19945798115.88$905
Apr 19941391,02414.14$1,965
Mar 199401,04712.46$0
Feb 199415686512.50$1,950
Jan 199415696412.66$1,975
Dec 1993084012.33$0
Nov 1993077514.49$0
Oct 19937880715.85$1,236
Sep 199311983215.03$1,789
Aug 1993095215.66$0
Jul 1993981,10215.46$1,515
Jun 19931381,04616.79$2,317
May 1993721,03717.68$1,273
Apr 1993092218.05$0
Mar 199310495118.14$1,887
Feb 1993083617.90$0
Jan 19936087616.93$1,016

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.

May 2016 — as filed, then multipliedworked
Oil                  143 bbl  × $ 42.52 =     $6,080
Casinghead gas         0 Mcf  × $  1.99 =         $0

────────────────────────────────────────────────────
Month total                                   $6,080

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/3692 is the state's own key, not one this site invented.