PALOMA

Name: PALOMA lease production and value, Mar 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by NEWFIELD EXPLORATION COMPANY (P-5 606617) in the CHITTIM, E. (RODESSA 5300) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 195706District 01Field 178775002 tax incentive programmesCondensateGasSave Export

Value, all time

$679 k

Mar 2003 – Aug 2015

Value, last 12 filed months

at the published price for each month

Months reported

150

no gaps in the span

Streams

condensate, gas

The CHITTIM, E. (RODESSA 5300) 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 39 leases and 39 wells, and the rule below applies to all of them.

Discovered

1981-04-06

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA EFFECTIVE 08/01/97.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2004-07-12	156421
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	435 bbl	$41,118
Gas	Production	107,751 Mcf	$638,137
Total			$679,255

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 28.8288, -100.3336. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.82885, -100.33363 · 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

5,483 ft

1 wells filed one

Completion to plug

11.7 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 5,483 ft.

Completions filed

Mar 2003

1 of 1 wells

Plug dates filed

Nov 2014

1 of 1 wells

Last completion to plug: a median of 11.7 years across the 1 well that filed both dates, with the middle half between 11.7 years and 11.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-32332648	1139H	5,483 ft	Mar 2003	Nov 2014	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 (150)

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

150 months


Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	54	0	89.39	4.04	$4,827
Jul 2014	12	0	96.56	4.18	$1,159
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	6	1	104.11	3.72	$628
Aug 2013	5	0	104.25	3.52	$521
Jul 2013	5	0	102.52	3.72	$513
Jun 2013	6	0	94.40	3.93	$566
May 2013	20	24	94.83	4.15	$1,996
Apr 2013	6	230	93.96	4.28	$1,549
Mar 2013	4	198	93.62	3.91	$1,149
Feb 2013	2	184	91.23	3.42	$812
Jan 2013	1	157	91.60	3.42	$629
Dec 2012	4	572	86.77	3.42	$2,303
Nov 2012	8	590	86.95	3.62	$2,834
Oct 2012	0	548	89.38	3.40	$1,863
Sep 2012	10	697	94.67	2.92	$2,981
Aug 2012	10	635	92.66	2.91	$2,773
Jul 2012	15	689	85.13	3.02	$3,358
Jun 2012	7	572	79.82	2.52	$2,000
May 2012	6	921	91.61	2.49	$2,841
Apr 2012	7	764	101.65	2.00	$2,237
Mar 2012	12	859	105.05	2.22	$3,169
Feb 2012	46	885	101.10	2.57	$6,925
Jan 2012	8	454	98.09	2.73	$2,026
Dec 2011	0	469	96.87	3.24	$1,519
Nov 2011	0	1,281	95.72	3.31	$4,242
Oct 2011	0	1,997	84.98	3.65	$7,286
Sep 2011	0	1,838	83.62	3.99	$7,326
Aug 2011	0	1,788	83.40	4.15	$7,419
Jul 2011	0	2,199	94.14	4.52	$9,933
Jun 2011	0	917	92.90	4.64	$4,255
May 2011	0	571	98.13	4.40	$2,515
Apr 2011	0	745	105.96	4.33	$3,228
Mar 2011	0	1,098	96.36	4.06	$4,455
Feb 2011	26	1,201	85.64	4.18	$7,247
Jan 2011	0	734	86.50	4.59	$3,368
Dec 2010	0	184	85.73	4.35	$800
Nov 2010	0	587	80.84	3.80	$2,228
Oct 2010	0	619	78.10	3.51	$2,172
Sep 2010	5	610	72.63	3.98	$2,791
Aug 2010	7	765	73.68	4.42	$3,897
Jul 2010	0	414	72.55	4.74	$1,961
Jun 2010	0	996	70.36	4.91	$4,891
May 2010	0	332	71.12	4.24	$1,406
Apr 2010	0	729	81.69	4.12	$3,005
Mar 2010	25	270	78.39	4.39	$3,145
Feb 2010	0	514	73.58	5.44	$2,797
Jan 2010	0	286	74.36	5.96	$1,706
Dec 2009	0	325	71.44	5.48	$1,782
Nov 2009	0	371	74.59	3.75	$1,392
Oct 2009	0	392	72.54	4.11	$1,611
Sep 2009	0	892	65.54	3.06	$2,734
Aug 2009	0	782	67.42	3.22	$2,517
Jul 2009	0	542	61.13	3.46	$1,878
Jun 2009	0	617	66.16	3.90	$2,403
May 2009	0	535	54.74	3.93	$2,100
Apr 2009	0	301	46.77	3.59	$1,080
Mar 2009	0	490	42.14	4.06	$1,989
Feb 2009	0	501	32.81	4.63	$2,321
Jan 2009	0	346	35.86	5.37	$1,858
Dec 2008	0	248	37.10	5.98	$1,482
Nov 2008	0	854	55.49	6.86	$5,859
Oct 2008	0	515	75.24	6.92	$3,565
Sep 2008	0	501	101.76	7.88	$3,946
Aug 2008	0	389	114.22	8.48	$3,300
Jul 2008	0	536	131.08	11.39	$6,105
Jun 2008	0	165	131.33	13.03	$2,150
May 2008	0	292	123.17	11.57	$3,380
Apr 2008	0	451	110.31	10.45	$4,715
Mar 2008	118	506	101.90	9.66	$16,914
Feb 2008	0	610	92.53	8.77	$5,350
Jan 2008	0	511	90.38	8.21	$4,193
Dec 2007	0	672	88.33	7.30	$4,907
Nov 2007	0	514	91.67	7.29	$3,748
Oct 2007	0	399	82.85	6.92	$2,762
Sep 2007	0	213	75.84	6.24	$1,330
Aug 2007	0	479	69.06	6.39	$3,060
Jul 2007	0	836	70.90	6.39	$5,340
Jun 2007	0	146	62.00	7.55	$1,102
May 2007	0	196	58.74	7.85	$1,538
Apr 2007	0	482	59.61	7.81	$3,762
Mar 2007	0	425	56.92	7.30	$3,103
Feb 2007	0	280	55.10	8.22	$2,300
Jan 2007	0	239	50.30	6.73	$1,608
Dec 2006	0	321	56.65	6.92	$2,221
Nov 2006	0	926	54.20	7.62	$7,054
Oct 2006	0	898	54.90	6.01	$5,400
Sep 2006	0	742	60.08	5.04	$3,738
Aug 2006	0	853	68.71	7.34	$6,261
Jul 2006	0	1,069	69.37	6.34	$6,780
Jun 2006	0	660	66.28	6.38	$4,213
May 2006	0	448	66.01	6.42	$2,878
Apr 2006	0	601	64.39	7.36	$4,424
Mar 2006	0	616	56.70	7.08	$4,363
Feb 2006	0	922	57.59	7.75	$7,147
Jan 2006	0	976	60.59	8.93	$8,719
Dec 2005	0	1,870	54.94	13.42	$25,087
Nov 2005	0	1,080	54.69	10.59	$11,435
Oct 2005	0	1,239	58.34	13.80	$17,093
Sep 2005	0	1,982	61.45	12.08	$23,941
Aug 2005	0	1,309	61.51	9.80	$12,824
Jul 2005	0	2,216	55.69	7.84	$17,382
Jun 2005	0	1,539	52.33	7.38	$11,359
May 2005	0	1,759	45.22	6.65	$11,699
Apr 2005	0	1,697	49.20	7.36	$12,491
Mar 2005	0	235	50.37	7.15	$1,681
Feb 2005	0	634	45.22	6.31	$4,002
Jan 2005	0	837	43.16	6.32	$5,292
Dec 2004	0	830	39.86	6.75	$5,603
Nov 2004	0	653	45.28	6.33	$4,134
Oct 2004	0	897	49.70	6.52	$5,844
Sep 2004	0	808	43.24	5.28	$4,269
Aug 2004	0	823	42.37	5.55	$4,568
Jul 2004	0	571	38.28	6.08	$3,474
Jun 2004	0	578	36.10	6.43	$3,718
May 2004	0	692	37.48	6.49	$4,494
Apr 2004	0	763	34.47	5.86	$4,470
Mar 2004	0	749	34.36	5.53	$4,142
Feb 2004	0	683	32.45	5.51	$3,763
Jan 2004	0	885	32.03	6.30	$5,575
Dec 2003	0	827	30.26	6.30	$5,211
Nov 2003	0	941	28.80	4.60	$4,324
Oct 2003	0	2,514	28.17	4.76	$11,966
Sep 2003	0	2,582	26.31	4.75	$12,263
Aug 2003	0	2,876	29.76	5.13	$14,753
Jul 2003	0	2,944	29.41	5.17	$15,223
Jun 2003	0	3,083	28.56	5.98	$18,445
May 2003	0	3,592	26.59	5.97	$21,454
Apr 2003	0	4,635	26.67	5.41	$25,063
Mar 2003	0	2,719	31.14	6.10	$16,575

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 2014 — as filed, then multipliedworked

Condensate            54 bbl  × $ 89.39 =     $4,827
Gas                    0 Mcf  × $  4.04 =         $0

────────────────────────────────────────────────────
Month total                                   $4,827

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. 01/G/195706 is the state's own key, not one this site invented.