RED ONION 48

Operated by SMITH ENERGY OPERATING COMPANY (P-5 790956) in the CY-JACK (LWCC) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 69923District 8AField 22588500OilCasinghead gasSaveExport
Value, all time
$1.3 M
Jun 2012 – Apr 2016
Value, last 12 filed months
$45 k
at the published price for each month
Months reported
47
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 23 leases and 26 wells, and the rule below applies to all of them.

Discovered
2012-08-21
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2014-05-01.

The Commission's schedule remark for this field reads: RECINDED AND STATEWIDE RULES IN EFFECT.

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
OilDisposition14,252 bbl$1,221,350
Casinghead gasProduction7,618 Mcf$29,190
Total$1,250,540

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 33.1103, -102.5513. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.11033, -102.55134 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
11,952 ft
1 wells filed one
Completion to plug
3.7 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 11,952 ft.

Completions filed
Jun 2012
1 of 1 wells
Plug dates filed
Feb 2016
1 of 1 wells

Last completion to plug: a median of 3.7 years across the 1 well that filed both dates, with the middle half between 3.7 years and 3.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-44532299111,952 ftJun 2012Feb 2016Yes

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 (47)

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

47 months

Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 201575032.362.00$2,427
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 201519719540.162.87$8,472
Jul 201519730748.152.95$10,390
Jun 201519822356.152.88$11,761
May 201519823555.212.96$11,626
Apr 201519918049.822.71$10,401
Mar 201539717642.892.93$17,544
Feb 2015014044.662.98$417
Jan 2015013943.433.10$431
Dec 201420517854.693.59$11,851
Nov 2014019470.464.25$825
Oct 201435419978.303.90$28,494
Sep 201419622386.164.05$17,789
Aug 201419824389.394.04$18,680
Jul 201416623696.564.18$17,015
Jun 201415925298.164.74$16,801
May 201415631194.734.73$16,248
Apr 201431829795.944.81$31,937
Mar 201416123995.895.06$16,647
Feb 201415817497.406.19$16,467
Jan 201432531790.404.86$30,921
Dec 201332135591.824.35$31,020
Nov 20131562488.853.74$13,950
Oct 20133152797.423.78$30,789
Sep 201332532104.113.72$33,955
Aug 201332330104.253.52$33,778
Jul 2013325377102.523.72$34,721
Jun 201331822294.403.93$30,892
May 20133215494.834.15$30,664
Apr 201333312593.964.28$31,824
Mar 201331629593.623.91$30,738
Feb 201347726191.233.42$44,409
Jan 201334016391.603.42$31,701
Dec 201249333186.773.42$43,910
Nov 201268339586.953.62$60,819
Oct 2012839089.383.40$74,990
Sep 2012987094.672.92$93,439
Aug 2012817092.662.91$75,703
Jul 20121,64932485.133.02$141,358
Jun 20121,05714579.822.52$84,735

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.

Dec 2015 — as filed, then multipliedworked
Oil                   75 bbl  × $ 32.36 =     $2,427
Casinghead gas         0 Mcf  × $  2.00 =         $0

────────────────────────────────────────────────────
Month total                                   $2,427

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/69923 is the state's own key, not one this site invented.