OWENS -B-

Operated by COX, JOHN L. (P-5 185980) 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 7237District 7CField 85279200NGPA filingOilCasinghead gasSaveExport
Value, all time
$447 k
Jan 1993 – Sep 2000
Value, last 12 filed months
$628
at the published price for each month
Months reported
93
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 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.

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
OilDisposition23,739 bbl$391,927
Casinghead gasProduction118,320 Mcf$54,862
Total$446,789

95,335 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 (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 31.3789, -101.9043. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

31.37895, -101.90433 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
8,530 ft
2 wells filed one
Completion to plug
15.9 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 8,500 and 8,560 ft, median 8,530 ft, over the 2 wells that filed a depth.

Completions filed
Jul 1977 – Mar 1991
2 of 2 wells
Plug dates filed
Apr 2000
2 of 2 wells

Last completion to plug: a median of 15.9 years across the 2 wells that filed both dates, with the middle half between 12.5 years and 19.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-4613309028,500 ftMar 1991Apr 2000Yes
42-4613070618,560 ftJul 1977Apr 2000Yes

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 (93)

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

93 months

Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 200022028.534.09$628
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 199913019.262.88$250
Jul 1999126017.892.37$2,254
Jun 19990015.942.36$0
May 1999023215.792.32$538
Apr 199917050215.102.21$3,675
Mar 199917451012.471.84$3,107
Feb 199914759.981.82$873
Jan 199917949810.381.90$2,804
Dec 199805059.201.77$896
Nov 199818351310.892.19$3,114
Oct 199815751812.421.97$2,970
Sep 199818754212.592.08$3,483
Aug 1998050311.301.91$959
Jul 199817352311.742.24$3,201
Jun 1998053711.242.24$1,201
May 199817453512.622.21$3,376
Apr 199817148913.042.51$3,455
Mar 1998049112.802.31$1,134
Feb 199818644813.952.30$3,625
Jan 199818748714.702.15$3,798
Dec 1997045916.322.41$1,107
Nov 199718752118.193.09$5,011
Oct 19971851,23919.253.15$7,464
Sep 19973611,40217.742.95$10,547
Aug 19971741,61317.862.55$7,228
Jul 19973581,45417.582.25$9,561
Jun 19971761,45017.242.26$6,307
May 19971851,25718.972.31$6,411
Apr 19973521,16617.882.08$8,722
Mar 19971821,40918.951.94$6,181
Feb 19973661,28520.492.21$10,334
Jan 19971811,42223.483.54$9,283
Dec 19961891,45423.32$4,407
Nov 19961881,28521.97$4,130
Oct 19961801,48123.31$4,196
Sep 19963691,54122.22$8,199
Aug 19963591,83220.26$7,273
Jul 19961981,90219.55$3,871
Jun 19963691,97218.73$6,911
May 19963712,59919.43$7,209
Apr 19961811,49021.51$3,893
Mar 1996057019.38$0
Feb 19963651,72916.98$6,198
Jan 19963041,82217.07$5,189
Dec 19953611,86017.19$6,206
Nov 19953651,76516.00$5,840
Oct 19953602,03415.43$5,555
Sep 19953601,96416.18$5,825
Aug 19953552,11815.92$5,652
Jul 19953602,10315.24$5,486
Jun 19953292,13016.41$5,399
May 19954722,15717.56$8,288
Apr 19951611,67617.73$2,855
Mar 19951801,74916.44$2,959
Feb 19954832,17916.58$8,008
Jan 19955561,84715.92$8,852
Dec 19945592,31315.03$8,402
Nov 19945462,35615.90$8,681
Oct 19945482,11815.58$8,538
Sep 19943681,67915.29$5,627
Aug 19947232,34416.13$11,662
Jul 19945472,13917.56$9,605
Jun 19945522,06717.09$9,434
May 19943651,71315.88$5,796
Apr 19941831,59814.14$2,588
Mar 19945511,95212.46$6,865
Feb 19943661,79312.50$4,575
Jan 19945532,17212.66$7,001
Dec 19935462,13712.33$6,732
Nov 19931801,50214.49$2,608
Oct 19933681,71815.85$5,833
Sep 19933742,55115.03$5,621
Aug 19935352,88415.66$8,378
Jul 19935402,93315.46$8,348
Jun 19935382,55016.79$9,033
May 19935502,51417.68$9,724
Apr 19933641,66918.05$6,570
Mar 19935492,50718.14$9,959
Feb 19935482,44017.90$9,809
Jan 19935612,42716.93$9,498

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.

Jul 2000 — as filed, then multipliedworked
Oil                   22 bbl  × $ 28.53 =       $628
Casinghead gas         0 Mcf  × $  4.09 =         $0

────────────────────────────────────────────────────
Month total                                     $628

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/7237 is the state's own key, not one this site invented.