BURNETT, S. B. ESTATE "NC"

Name: BURNETT, S. B. ESTATE "NC" lease production and value, Oct 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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

Oil lease lease 67340District 8AField 08002666Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$739 k

Oct 1994 – Jun 2005

Value, last 12 filed months

at the published price for each month

Months reported

129

no gaps in the span

Streams

oil, casinghead gas

The BIG -N- (TANNEHILL) 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 14 leases and 80 wells, and the rule below applies to all of them.

Discovered

1971-04-02

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

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

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.

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	41,432 bbl	$737,184
Casinghead gas	Production	2,043 Mcf	$2,233
Total			$739,416

1,268 Mcf of this lease's gas, across 27 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 33.4782, -100.1059. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.47824, -100.10593 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

5,880 ft

1 wells filed one

Completion to plug

10.6 years

median over 1 well

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 5,880 ft.

Completions filed

Oct 1994

1 of 1 wells

Plug dates filed

May 2005

1 of 1 wells

Last completion to plug: a median of 10.6 years across the 1 well that filed both dates, with the middle half between 10.6 years and 10.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-26931015	30	5,880 ft	Oct 1994	May 2005	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 (129)

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

129 months


Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	4	0	26.59	5.97	$106
Apr 2003	10	0	26.67	5.41	$267
Mar 2003	32	2	31.14	6.10	$1,009
Feb 2003	74	6	33.48	7.93	$2,525
Jan 2003	77	6	30.31	5.58	$2,367
Dec 2002	63	3	26.91	4.85	$1,710
Nov 2002	62	4	24.66	4.14	$1,545
Oct 2002	54	3	26.46	4.23	$1,442
Sep 2002	63	3	27.44	3.64	$1,740
Aug 2002	68	4	25.96	3.16	$1,778
Jul 2002	56	3	24.58	3.06	$1,386
Jun 2002	52	3	23.73	3.34	$1,244
May 2002	55	3	24.66	3.58	$1,367
Apr 2002	55	3	23.65	3.51	$1,311
Mar 2002	49	2	22.00	3.10	$1,084
Feb 2002	53	3	18.22	2.38	$973
Jan 2002	75	4	17.17	2.38	$1,297
Dec 2001	56	3	16.93	2.36	$955
Nov 2001	52	3	18.07	2.41	$947
Oct 2001	81	4	19.78	2.53	$1,612
Sep 2001	69	4	24.26	2.25	$1,683
Aug 2001	92	5	24.87	3.05	$2,303
Jul 2001	71	3	23.93	3.20	$1,709
Jun 2001	105	6	24.56	3.82	$2,602
May 2001	108	6	25.52	4.31	$2,782
Apr 2001	77	4	24.68	5.34	$1,922
Mar 2001	92	6	24.54	5.38	$2,290
Feb 2001	65	4	27.75	5.77	$1,827
Jan 2001	96	6	27.47	8.40	$2,688
Dec 2000	153	8	26.88	9.12	$4,186
Nov 2000	132	6	32.21	5.66	$4,286
Oct 2000	147	7	31.23	5.15	$4,627
Sep 2000	103	5	31.87	5.19	$3,309
Aug 2000	132	6	29.64	4.54	$3,940
Jul 2000	142	7	28.53	4.09	$4,080
Jun 2000	171	9	29.30	4.40	$5,050
May 2000	179	9	27.26	3.68	$4,913
Apr 2000	184	9	24.51	3.12	$4,538
Mar 2000	169	8	28.42	2.86	$4,826
Feb 2000	152	8	27.62	2.73	$4,220
Jan 2000	173	9	25.27	2.48	$4,394
Dec 1999	230	11	24.28	2.42	$5,611
Nov 1999	294	15	23.19	2.43	$6,854
Oct 1999	328	17	20.98	2.80	$6,929
Sep 1999	213	11	21.75	2.62	$4,662
Aug 1999	263	13	19.26	2.88	$5,103
Jul 1999	324	16	17.89	2.37	$5,834
Jun 1999	273	14	15.94	2.36	$4,385
May 1999	367	16	15.79	2.32	$5,832
Apr 1999	329	16	15.10	2.21	$5,003
Mar 1999	316	16	12.47	1.84	$3,970
Feb 1999	143	7	9.98	1.82	$1,440
Jan 1999	143	8	10.38	1.90	$1,500
Dec 1998	159	8	9.20	1.77	$1,477
Nov 1998	157	8	10.89	2.19	$1,727
Oct 1998	117	8	12.42	1.97	$1,469
Sep 1998	192	11	12.59	2.08	$2,440
Aug 1998	229	11	11.30	1.91	$2,609
Jul 1998	236	11	11.74	2.24	$2,795
Jun 1998	223	11	11.24	2.24	$2,531
May 1998	268	13	12.62	2.21	$3,411
Apr 1998	264	13	13.04	2.51	$3,475
Mar 1998	276	13	12.80	2.31	$3,563
Feb 1998	254	12	13.95	2.30	$3,571
Jan 1998	283	13	14.70	2.15	$4,188
Dec 1997	374	15	16.32	2.41	$6,140
Nov 1997	407	16	18.19	3.09	$7,453
Oct 1997	397	16	19.25	3.15	$7,693
Sep 1997	359	16	17.74	2.95	$6,416
Aug 1997	378	16	17.86	2.55	$6,792
Jul 1997	450	20	17.58	2.25	$7,956
Jun 1997	663	31	17.24	2.26	$11,500
May 1997	667	32	18.97	2.31	$12,727
Apr 1997	675	31	17.88	2.08	$12,134
Mar 1997	663	32	18.95	1.94	$12,626
Feb 1997	595	29	20.49	2.21	$12,256
Jan 1997	636	32	23.48	3.54	$15,047
Dec 1996	128	9	23.32	—	$2,985
Nov 1996	211	9	21.97	—	$4,636
Oct 1996	271	14	23.31	—	$6,317
Sep 1996	267	14	22.22	—	$5,933
Aug 1996	303	16	20.26	—	$6,139
Jul 1996	325	16	19.55	—	$6,354
Jun 1996	323	16	18.73	—	$6,050
May 1996	314	16	19.43	—	$6,101
Apr 1996	370	30	21.51	—	$7,959
Mar 1996	413	31	19.38	—	$8,004
Feb 1996	415	29	16.98	—	$7,047
Jan 1996	631	31	17.07	—	$10,771
Dec 1995	710	31	17.19	—	$12,205
Nov 1995	634	30	16.00	—	$10,144
Oct 1995	623	31	15.43	—	$9,613
Sep 1995	680	33	16.18	—	$11,002
Aug 1995	1,073	54	15.92	—	$17,082
Jul 1995	1,098	54	15.24	—	$16,734
Jun 1995	1,654	82	16.41	—	$27,142
May 1995	2,097	85	17.56	—	$36,823
Apr 1995	2,238	108	17.73	—	$39,680
Mar 1995	2,379	117	16.44	—	$39,111
Feb 1995	2,234	107	16.58	—	$37,040
Jan 1995	2,343	119	15.92	—	$37,301
Dec 1994	2,151	101	15.03	—	$32,330
Nov 1994	1,542	81	15.90	—	$24,518
Oct 1994	157	4	15.58	—	$2,446

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 2003 — as filed, then multipliedworked

Oil                    4 bbl  × $ 26.59 =       $106
Casinghead gas         0 Mcf  × $  5.97 =         $0

────────────────────────────────────────────────────
Month total                                     $106

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/67340 is the state's own key, not one this site invented.