NEEL

Operated by QUATRO OIL AND GAS, INC. (P-5 684588) in the JACOBY (FRY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 8716District 7CField 45469400OilCasinghead gasSave
Value, all time
$557 k
Jan 1993 – Feb 2009
Value, last 12 filed months
$17 k
at the published price for each month
Months reported
194
no gaps in the span
Streams
2
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.

StreamBasisVolumeValue
OilDisposition26,786 bbl$556,524
Casinghead gasProduction78 Mcf$74
Total$556,598

46 Mcf of this lease's gas, across 46 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 (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 31.0558, -99.9222. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

31.05560, -99.92185 · 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%
3 of 3 wells
With a plug date
100.0%
3 of 3 wells
Median depth
3,480 ft
3 wells filed one
Completion to plug
7.7 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
3100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
3100.0%
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 3,435 and 3,584 ft, median 3,480 ft, over the 3 wells that filed a depth.

Completions filed
Jan 1981 – Apr 2001
3 of 3 wells
Plug dates filed
Oct 1987 – Dec 2008
3 of 3 wells

Last completion to plug: a median of 7.7 years across the 3 wells that filed both dates, with the middle half between 6.9 years and 17.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-3273040633,480 ftApr 2001Dec 2008Yes
42-3273040723,435 ftSep 1981Oct 1987Yes
42-3273037913,584 ftJan 1981Nov 2008Yes

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 (194)

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

194 months

Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 2008157055.496.86$8,712
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 2008670131.0811.39$8,782
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 200738062.007.55$2,356
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 2005153061.4512.08$9,402
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 2004152049.706.52$7,554
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 2004178038.286.08$6,814
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 2004176034.475.86$6,067
Mar 20040034.365.53$0
Feb 2004168032.455.51$5,452
Jan 2004160032.036.30$5,125
Dec 2003185030.266.30$5,598
Nov 20030028.804.60$0
Oct 2003178028.174.76$5,014
Sep 20030026.314.75$0
Aug 2003159029.765.13$4,732
Jul 2003171029.415.17$5,029
Jun 2003151028.565.98$4,313
May 2003159026.595.97$4,228
Apr 2003180026.675.41$4,801
Mar 2003175031.146.10$5,450
Feb 2003179033.487.93$5,993
Jan 2003177030.315.58$5,365
Dec 2002182026.914.85$4,898
Nov 20020024.664.14$0
Oct 2002178026.464.23$4,710
Sep 2002173027.443.64$4,747
Aug 2002175025.963.16$4,543
Jul 2002177024.583.06$4,351
Jun 2002178023.733.34$4,224
May 2002178024.663.58$4,389
Apr 2002175023.653.51$4,139
Mar 2002164022.003.10$3,608
Feb 2002173018.222.38$3,152
Jan 20020017.172.38$0
Dec 2001181016.932.36$3,064
Nov 20010018.072.41$0
Oct 2001176019.782.53$3,481
Sep 2001175024.262.25$4,246
Aug 2001173024.873.05$4,303
Jul 20010023.933.20$0
Jun 2001151024.563.82$3,709
May 2001170025.524.31$4,338
Apr 2001175024.685.34$4,319
Mar 2001177024.545.38$4,344
Feb 20010027.755.77$0
Jan 2001180027.478.40$4,945
Dec 2000178026.889.12$4,785
Nov 2000177032.215.66$5,701
Oct 20000031.235.15$0
Sep 2000172031.875.19$5,482
Aug 2000160029.644.54$4,742
Jul 2000178028.534.09$5,078
Jun 2000159029.304.40$4,659
May 2000181027.263.68$4,934
Apr 2000332024.513.12$8,137
Mar 20000028.422.86$0
Feb 2000348027.622.73$9,612
Jan 20000025.272.48$0
Dec 1999180024.282.42$4,370
Nov 19990023.192.43$0
Oct 1999179020.982.80$3,755
Sep 1999175121.752.62$3,809
Aug 19990019.262.88$0
Jul 1999171117.892.37$3,062
Jun 19990115.942.36$2
May 19990115.792.32$2
Apr 1999176115.102.21$2,660
Mar 19990112.471.84$2
Feb 1999019.981.82$2
Jan 1999176110.381.90$1,829
Dec 1998019.201.77$2
Nov 1998175110.892.19$1,908
Oct 1998176112.421.97$2,188
Sep 1998176112.592.08$2,218
Aug 1998175111.301.91$1,979
Jul 1998173111.742.24$2,033
Jun 19980111.242.24$2
May 1998173112.622.21$2,185
Apr 1998348113.042.51$4,540
Mar 1998176112.802.31$2,255
Feb 1998177113.952.30$2,471
Jan 1998178114.702.15$2,619
Dec 1997175116.322.41$2,858
Nov 1997158118.193.09$2,877
Oct 1997176119.253.15$3,391
Sep 1997169117.742.95$3,001
Aug 1997175117.862.55$3,128
Jul 1997176117.582.25$3,096
Jun 1997180117.242.26$3,105
May 1997352118.972.31$6,680
Apr 1997177117.882.08$3,167
Mar 1997366118.951.94$6,938
Feb 1997176120.492.21$3,608
Jan 19970123.483.54$4
Dec 1996352123.32$8,209
Nov 1996180121.97$3,955
Oct 1996344123.31$8,019
Sep 1996180122.22$4,000
Aug 1996179120.26$3,627
Jul 1996361119.55$7,058
Jun 1996173118.73$3,240
May 1996179119.43$3,478
Apr 1996348121.51$7,485
Mar 1996349119.38$6,764
Feb 1996190116.98$3,226
Jan 1996181117.07$3,090
Dec 1995373117.19$6,412
Nov 1995177116.00$2,832
Oct 1995348115.43$5,370
Sep 1995181116.18$2,929
Aug 1995347115.92$5,524
Jul 1995176115.24$2,682
Jun 1995355116.41$5,826
May 1995338117.56$5,935
Apr 1995178117.73$3,156
Mar 1995175116.44$2,877
Feb 1995347116.58$5,753
Jan 1995348115.92$5,540
Dec 1994351115.03$5,276
Nov 1994176115.90$2,798
Oct 1994347115.58$5,406
Sep 1994338115.29$5,168
Aug 1994342116.13$5,516
Jul 1994173117.56$3,038
Jun 1994334117.09$5,708
May 1994342115.88$5,431
Apr 1994340114.14$4,808
Mar 1994348112.46$4,336
Feb 1994174112.50$2,175
Jan 1994334012.66$4,228
Dec 19930012.33$0
Nov 1993342114.49$4,956
Oct 1993345115.85$5,468
Sep 1993169115.03$2,540
Aug 1993337115.66$5,277
Jul 1993337115.46$5,210
Jun 1993168116.79$2,821
May 1993337117.68$5,958
Apr 1993345118.05$6,227
Mar 1993344118.14$6,240
Feb 1993336117.90$6,014
Jan 1993345116.93$5,841

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.

Nov 2008 — as filed, then multipliedworked
Oil                  157 bbl  × $ 55.49 =     $8,712
Casinghead gas         0 Mcf  × $  6.86 =         $0

────────────────────────────────────────────────────
Month total                                   $8,712

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/8716 is the state's own key, not one this site invented.