WALDROP

Name: WALDROP lease production and value, Nov 2007 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by ROFF OPERATING COMPANY, LLC (P-5 724620) in the KEY WEST (SPRABERRY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 69178District 8AField 49125500OilCasinghead gasSave Export

Value, all time

$18.3 M

Nov 2007 – Sep 2015

Value, last 12 filed months

$403 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The KEY WEST (SPRABERRY) 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 35 leases and 71 wells, and the rule below applies to all of them.

Discovered

1982-11-23

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1987-09-14.

The Commission's schedule remark for this field reads: “40 ACRE OPT., DIAG. 2100”

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	216,425 bbl	$17,371,743
Casinghead gas	Production	230,506 Mcf	$951,622
Total			$18,323,364

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 32.7250, -101.9022. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.72455, -101.90173 · 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

33.3%

1 of 3 wells

With a plug date

33.3%

1 of 3 wells

Median depth

9,000 ft

3 wells filed one

Completion to plug

6.6 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

133.3%

A plug date is filed

133.3%

BothOn the schedule and plugged. Neither fact cancels the other.

133.3%

NeitherNo plug date, and not on the schedule.

266.7%

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 9,000 and 9,000 ft, median 9,000 ft, over the 3 wells that filed a depth.

Completions filed

Nov 2007 – Apr 2009

3 of 3 wells

Plug dates filed

Aug 2015

1 of 3 wells; 2 filed none

Last completion to plug: a median of 6.6 years across the 1 well that filed both dates, with the middle half between 6.6 years and 6.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-11533228	2	9,000 ft	Apr 2009	—	—
42-11533252	3	9,000 ft	Jan 2009	Aug 2015	Yes
42-11533208	1	9,000 ft	Nov 2007	—	—

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 (95)

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

95 months


Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	904	117	56.15	2.88	$51,097
May 2015	198	510	55.21	2.96	$12,439
Apr 2015	595	644	49.82	2.71	$31,386
Mar 2015	975	1,946	42.89	2.93	$47,529
Feb 2015	802	2,398	44.66	2.98	$42,954
Jan 2015	602	1,270	43.43	3.10	$30,083
Dec 2014	806	2,428	54.69	3.59	$52,800
Nov 2014	793	1,462	70.46	4.25	$62,091
Oct 2014	806	2,363	78.30	3.90	$72,328
Sep 2014	804	1,975	86.16	4.05	$77,262
Aug 2014	802	2,189	89.39	4.04	$80,524
Jul 2014	794	2,615	96.56	4.18	$87,598
Jun 2014	993	2,332	98.16	4.74	$108,519
May 2014	1,196	2,483	94.73	4.73	$125,033
Apr 2014	799	2,627	95.94	4.81	$89,290
Mar 2014	605	2,186	95.89	5.06	$69,068
Feb 2014	807	1,662	97.40	6.19	$88,893
Jan 2014	1,217	2,646	90.40	4.86	$122,878
Dec 2013	601	1,964	91.82	4.35	$63,736
Nov 2013	1,001	2,398	88.85	3.74	$97,903
Oct 2013	1,203	2,226	97.42	3.78	$125,609
Sep 2013	1,581	2,251	104.11	3.72	$172,967
Aug 2013	1,180	2,520	104.25	3.52	$131,892
Jul 2013	983	2,720	102.52	3.72	$110,889
Jun 2013	1,189	3,059	94.40	3.93	$124,274
May 2013	1,790	3,503	94.83	4.15	$184,280
Apr 2013	1,197	3,046	93.96	4.28	$125,515
Mar 2013	999	1,187	93.62	3.91	$98,171
Feb 2013	1,820	2,365	91.23	3.42	$174,127
Jan 2013	1,006	2,536	91.60	3.42	$100,822
Dec 2012	1,601	3,656	86.77	3.42	$151,423
Nov 2012	1,594	2,442	86.95	3.62	$147,450
Oct 2012	995	1,575	89.38	3.40	$94,288
Sep 2012	388	989	94.67	2.92	$39,618
Aug 2012	1,777	3,903	92.66	2.91	$176,007
Jul 2012	1,578	4,211	85.13	3.02	$147,056
Jun 2012	1,780	4,207	79.82	2.52	$152,677
May 2012	1,980	4,223	91.61	2.49	$191,896
Apr 2012	2,195	3,500	101.65	2.00	$230,111
Mar 2012	1,601	3,961	105.05	2.22	$176,987
Feb 2012	1,801	4,136	101.10	2.57	$192,712
Jan 2012	2,401	4,420	98.09	2.73	$247,599
Dec 2011	2,204	4,121	96.87	3.24	$226,852
Nov 2011	2,393	1,883	95.72	3.31	$235,293
Oct 2011	2,176	4,371	84.98	3.65	$200,864
Sep 2011	2,968	684	83.62	3.99	$250,910
Aug 2011	1,977	1,585	83.40	4.15	$171,458
Jul 2011	2,689	4,759	94.14	4.52	$274,640
Jun 2011	2,841	3,940	92.90	4.64	$282,210
May 2011	2,338	4,019	98.13	4.40	$247,131
Apr 2011	3,249	2,651	105.96	4.33	$355,752
Mar 2011	2,896	3,105	96.36	4.06	$291,657
Feb 2011	2,898	3,069	85.64	4.18	$261,013
Jan 2011	3,663	4,994	86.50	4.59	$339,766
Dec 2010	3,423	4,471	85.73	4.35	$312,893
Nov 2010	3,412	4,554	80.84	3.80	$293,110
Oct 2010	3,713	4,376	78.10	3.51	$305,340
Sep 2010	3,059	3,990	72.63	3.98	$238,053
Aug 2010	4,457	4,471	73.68	4.42	$348,151
Jul 2010	3,582	4,246	72.55	4.74	$279,985
Jun 2010	4,076	3,093	70.36	4.91	$301,975
May 2010	3,571	1,602	71.12	4.24	$260,754
Apr 2010	4,064	2,979	81.69	4.12	$344,270
Mar 2010	3,262	2,887	78.39	4.39	$268,378
Feb 2010	4,050	2,205	73.58	5.44	$309,999
Jan 2010	4,100	2,441	74.36	5.96	$319,434
Dec 2009	2,654	1,828	71.44	5.48	$199,626
Nov 2009	3,914	2,133	74.59	3.75	$299,947
Oct 2009	3,583	989	72.54	4.11	$263,976
Sep 2009	3,743	2,296	65.54	3.06	$252,353
Aug 2009	4,087	4,142	67.42	3.22	$288,877
Jul 2009	3,929	3,367	61.13	3.46	$251,845
Jun 2009	4,266	3,724	66.16	3.90	$296,744
May 2009	5,198	4,258	54.74	3.93	$301,254
Apr 2009	4,593	2,347	46.77	3.59	$223,234
Mar 2009	6,086	3,192	42.14	4.06	$269,420
Feb 2009	5,877	2,802	32.81	4.63	$205,806
Jan 2009	5,273	2,086	35.86	5.37	$200,294
Dec 2008	2,567	680	37.10	5.98	$99,300
Nov 2008	3,390	850	55.49	6.86	$193,942
Oct 2008	2,899	681	75.24	6.92	$222,835
Sep 2008	3,399	667	101.76	7.88	$351,136
Aug 2008	3,775	2,573	114.22	8.48	$453,007
Jul 2008	4,514	568	131.08	11.39	$598,164
Jun 2008	3,745	289	131.33	13.03	$495,597
May 2008	2,608	355	123.17	11.57	$325,336
Apr 2008	3,049	2,209	110.31	10.45	$359,430
Mar 2008	2,812	1,880	101.90	9.66	$304,711
Feb 2008	1,084	510	92.53	8.77	$104,776
Jan 2008	1,624	717	90.38	8.21	$152,661
Dec 2007	0	16	88.33	7.30	$117
Nov 2007	1,956	0	91.67	7.29	$179,307

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.

Jun 2015 — as filed, then multipliedworked

Oil                  904 bbl  × $ 56.15 =    $50,760
Casinghead gas       117 Mcf  × $  2.88 =       $337

────────────────────────────────────────────────────
Month total                                  $51,097

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/69178 is the state's own key, not one this site invented.