SPADE G UNIT

Operated by CANAN MOWREY OPERATING, LLC (P-5 129008) in the ACE OF SPADES (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 70518District 8AField 00422300OilCasinghead gasSaveExport
Value, all time
$3.3 M
Sep 2016 – Dec 2021
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
64
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 5 leases and 8 wells, and the rule below applies to all of them.

Discovered
2012-03-12
as the register files it
Field class
Oil
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2014-02-04.

The Commission's schedule remark for this field reads: FORMULA. CERTIFIED PRORATION PLATS REQUIRED.

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
OilDisposition60,949 bbl$3,200,687
Casinghead gasProduction23,020 Mcf$71,037
Total$3,271,724

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 33.5590, -102.2017. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.55904, -102.20166 · 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
10,220 ft
1 wells filed one
Completion to plug
4.9 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 10,220 ft.

Completions filed
Sep 2016
1 of 1 wells
Plug dates filed
Aug 2021
1 of 1 wells

Last completion to plug: a median of 4.9 years across the 1 well that filed both dates, with the middle half between 4.9 years and 4.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-21937393110,220 ftSep 2016Aug 2021Yes

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 (64)

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

64 months

Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 2021135066.024.22$8,913
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 202066014.751.80$974
Mar 20200030.341.86$0
Feb 20201888849.881.98$9,552
Jan 20203678357.252.09$21,185
Dec 201906059.012.30$138
Nov 201908455.302.75$231
Oct 20191856753.472.42$10,054
Sep 2019086155.052.66$2,288
Aug 201916830153.112.30$9,616
Jul 20191834956.272.46$10,418
Jun 20193596452.782.49$19,107
May 201956710858.482.74$33,454
Apr 201956216862.632.75$35,660
Mar 201975232856.803.06$43,718
Feb 20191,15736350.852.79$59,847
Jan 20191,34442646.033.23$63,240
Dec 20181,1489446.594.19$53,879
Nov 20181,32735352.934.24$71,734
Oct 20181,93058261.443.40$120,557
Sep 20181,67260359.543.11$101,425
Aug 20181,85760659.403.07$112,164
Jul 20181,50557965.142.93$99,733
Jun 20181,86559160.183.08$114,054
May 20181,68034665.382.90$110,842
Apr 20181,87656163.842.90$121,391
Mar 20181,87870961.222.79$116,947
Feb 20181,71369661.782.77$107,754
Jan 20182,07573462.874.01$133,398
Dec 20172,07975057.272.92$121,255
Nov 20171,87593155.423.12$106,816
Oct 20172,0671,14249.292.98$105,290
Sep 20172,04789747.523.09$100,043
Aug 20171,97351245.373.00$91,053
Jul 20172,24172443.873.09$100,548
Jun 20171,85986042.493.09$81,644
May 20172,24090045.373.26$104,566
Apr 20172,2031,10547.933.21$109,139
Mar 20172,2071,01546.772.98$106,250
Feb 20172,22689750.452.95$114,950
Jan 20172,44497949.413.42$124,105
Dec 20162,6061,18848.763.72$131,491
Nov 20162,4551,05842.492.64$107,111
Oct 20162,74855846.193.09$128,654
Sep 20161,120041.553.10$46,536

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.

Aug 2021 — as filed, then multipliedworked
Oil                  135 bbl  × $ 66.02 =     $8,913
Casinghead gas         0 Mcf  × $  4.22 =         $0

────────────────────────────────────────────────────
Month total                                   $8,913

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/70518 is the state's own key, not one this site invented.