BURNETT, S. B. ESTATE "WM"

Operated by HUNT OIL COMPANY (P-5 416330) in the TWIN PEAKS (STRAWN 5400) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 62725District 8AField 92060600Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$477 k
Jan 1993 – Sep 2002
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
117
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 2 leases and 4 wells, and the rule below applies to all of them.

Discovered
1980-01-13
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

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: INTO THE ANNE TANDY (STRAWN) FIELD.

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
OilDisposition26,651 bbl$476,461
Casinghead gasProduction878 Mcf$169
Total$476,630

813 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 (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 33.4583, -100.1227. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

33.45810, -100.12225 · 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
66.7%
2 of 3 wells
Median depth
6,020 ft
3 wells filed one
Completion to plug
11.0 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 5,550 and 6,030 ft, median 6,020 ft, over the 3 wells that filed a depth.

Completions filed
Apr 1986 – Aug 1991
3 of 3 wells
Plug dates filed
Dec 2000 – Aug 2002
2 of 3 wells; 1 filed none

Last completion to plug: a median of 11.0 years across the 2 wells that filed both dates, with the middle half between 10.2 years and 11.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-2693100465,550 ftAug 1991Dec 2000Yes
42-2693085736,020 ftJan 1990Aug 2002Yes
42-26931305286,030 ftApr 1986Yes

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 (117)

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

117 months

Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20022017.172.38$34
Dec 2001130016.932.36$2,201
Nov 2001126018.072.41$2,277
Oct 2001154019.782.53$3,046
Sep 2001131024.262.25$3,178
Aug 2001111024.873.05$2,761
Jul 2001119023.933.20$2,848
Jun 2001139024.563.82$3,414
May 2001151025.524.31$3,854
Apr 2001145024.685.34$3,579
Mar 2001141024.545.38$3,460
Feb 2001116027.755.77$3,219
Jan 2001133027.478.40$3,654
Dec 2000140026.889.12$3,763
Nov 2000136032.215.66$4,381
Oct 2000159031.235.15$4,966
Sep 2000158131.875.19$5,041
Aug 2000166129.644.54$4,925
Jul 2000154028.534.09$4,394
Jun 2000154029.304.40$4,512
May 2000156027.263.68$4,253
Apr 2000170124.513.12$4,170
Mar 2000195028.422.86$5,542
Feb 2000185127.622.73$5,112
Jan 2000181125.272.48$4,576
Dec 1999206124.282.42$5,004
Nov 1999212023.192.43$4,916
Oct 1999251120.982.80$5,269
Sep 1999206121.752.62$4,483
Aug 1999186119.262.88$3,585
Jul 1999182117.892.37$3,258
Jun 1999166015.942.36$2,646
May 1999167115.792.32$2,639
Apr 1999173115.102.21$2,615
Mar 1999206112.471.84$2,571
Feb 199917519.981.82$1,748
Jan 1999180110.381.90$1,870
Dec 199818019.201.77$1,658
Nov 1998166110.892.19$1,810
Oct 1998185112.421.97$2,300
Sep 1998203112.592.08$2,558
Aug 1998185111.301.91$2,092
Jul 1998187111.742.24$2,198
Jun 1998148011.242.24$1,664
May 1998157112.622.21$1,984
Apr 1998174113.042.51$2,271
Mar 1998193112.802.31$2,473
Feb 1998145013.952.30$2,023
Jan 1998190114.702.15$2,795
Dec 1997221316.322.41$3,614
Nov 1997208418.193.09$3,796
Oct 1997214619.253.15$4,138
Sep 1997155317.742.95$2,759
Aug 1997158217.862.55$2,827
Jul 1997225117.582.25$3,958
Jun 1997204117.242.26$3,519
May 1997220218.972.31$4,178
Apr 1997232517.882.08$4,159
Mar 1997270318.951.94$5,122
Feb 1997276520.492.21$5,666
Jan 1997248523.483.54$5,841
Dec 1996220523.32$5,130
Nov 1996238721.97$5,229
Oct 1996249823.31$5,804
Sep 1996242322.22$5,377
Aug 1996254520.26$5,146
Jul 1996279719.55$5,454
Jun 1996230418.73$4,308
May 1996234519.43$4,547
Apr 1996249721.51$5,356
Mar 1996239619.38$4,632
Feb 1996266816.98$4,517
Jan 1996223517.07$3,807
Dec 1995288517.19$4,951
Nov 1995270616.00$4,320
Oct 1995305615.43$4,706
Sep 1995316516.18$5,113
Aug 1995299415.92$4,760
Jul 1995313815.24$4,770
Jun 19952641016.41$4,332
May 19952751017.56$4,829
Apr 19953281217.73$5,815
Mar 19953611216.44$5,935
Feb 19952861216.58$4,742
Jan 19953431015.92$5,461
Dec 19943551115.03$5,336
Nov 19943461215.90$5,501
Oct 19943431215.58$5,344
Sep 19943802215.29$5,810
Aug 19943851616.13$6,210
Jul 19943562617.56$6,251
Jun 19943855117.09$6,580
May 19943713615.88$5,891
Apr 19943511114.14$4,963
Mar 1994370512.46$4,610
Feb 1994321512.50$4,013
Jan 19943942712.66$4,988
Dec 19933983412.33$4,907
Nov 19934163014.49$6,028
Oct 19934453515.85$7,053
Sep 19934223815.03$6,343
Aug 19934714915.66$7,376
Jul 19934135915.46$6,385
Jun 19934193016.79$7,035
May 19935372517.68$9,494
Apr 19933803218.05$6,859
Mar 19934103318.14$7,437
Feb 19933771617.90$6,748
Jan 19934292816.93$7,263

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.

Jan 2002 — as filed, then multipliedworked
Oil                    2 bbl  × $ 17.17 =        $34
Casinghead gas         0 Mcf  × $  2.38 =         $0

────────────────────────────────────────────────────
Month total                                      $34

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. 8A/O/62725 is the state's own key, not one this site invented.