PALOMA

Name: PALOMA lease production and value, Dec 2004 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 211947District 01Field 178775002 tax incentive programmesCondensateGasSave Export

Value, all time

$1.4 M

Dec 2004 – Jun 2015

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

127

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	2006-09-19	168181
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	587 bbl	$48,308
Gas	Production	192,651 Mcf	$1,305,529
Total			$1,353,837

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 28.8436, -100.3344. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.84357, -100.33443 · 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

5,398 ft

1 wells filed one

Completion to plug

9.8 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 5,398 ft.

Completions filed

Dec 2004

1 of 1 wells

Plug dates filed

Sep 2014

1 of 1 wells

Last completion to plug: a median of 9.8 years across the 1 well that filed both dates, with the middle half between 9.8 years and 9.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-32332772	3132 H	5,398 ft	Dec 2004	Sep 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 (127)

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

127 months


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	59	0	89.39	4.04	$5,274
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	217	91.82	4.35	$945
Nov 2013	0	212	88.85	3.74	$793
Oct 2013	0	422	97.42	3.78	$1,595
Sep 2013	5	807	104.11	3.72	$3,521
Aug 2013	3	930	104.25	3.52	$3,589
Jul 2013	3	885	102.52	3.72	$3,598
Jun 2013	3	608	94.40	3.93	$2,675
May 2013	4	1,902	94.83	4.15	$8,271
Apr 2013	2	0	93.96	4.28	$188
Mar 2013	1	0	93.62	3.91	$94
Feb 2013	1	0	91.23	3.42	$91
Jan 2013	1	0	91.60	3.42	$92
Dec 2012	6	759	86.77	3.42	$3,117
Nov 2012	11	1,089	86.95	3.62	$4,904
Oct 2012	12	826	89.38	3.40	$3,881
Sep 2012	14	864	94.67	2.92	$3,847
Aug 2012	13	1,000	92.66	2.91	$4,113
Jul 2012	11	929	85.13	3.02	$3,743
Jun 2012	3	441	79.82	2.52	$1,350
May 2012	10	348	91.61	2.49	$1,782
Apr 2012	11	1,036	101.65	2.00	$3,187
Mar 2012	13	1,230	105.05	2.22	$4,099
Feb 2012	54	949	101.10	2.57	$7,899
Jan 2012	14	818	98.09	2.73	$3,610
Dec 2011	5	564	96.87	3.24	$2,312
Nov 2011	5	398	95.72	3.31	$1,796
Oct 2011	9	702	84.98	3.65	$3,326
Sep 2011	9	1,005	83.62	3.99	$4,758
Aug 2011	7	786	83.40	4.15	$3,845
Jul 2011	25	1,520	94.14	4.52	$9,220
Jun 2011	18	1,566	92.90	4.64	$8,938
May 2011	0	1,572	98.13	4.40	$6,924
Apr 2011	0	134	105.96	4.33	$581
Mar 2011	0	490	96.36	4.06	$1,988
Feb 2011	34	959	85.64	4.18	$6,920
Jan 2011	0	944	86.50	4.59	$4,332
Dec 2010	0	1,027	85.73	4.35	$4,465
Nov 2010	0	1,499	80.84	3.80	$5,689
Oct 2010	0	1,080	78.10	3.51	$3,790
Sep 2010	7	1,017	72.63	3.98	$4,556
Aug 2010	10	1,117	73.68	4.42	$5,673
Jul 2010	0	1,121	72.55	4.74	$5,310
Jun 2010	0	1,195	70.36	4.91	$5,868
May 2010	0	1,240	71.12	4.24	$5,252
Apr 2010	0	1,159	81.69	4.12	$4,778
Mar 2010	52	1,191	78.39	4.39	$9,303
Feb 2010	0	1,048	73.58	5.44	$5,704
Jan 2010	0	1,291	74.36	5.96	$7,700
Dec 2009	0	868	71.44	5.48	$4,760
Nov 2009	0	929	74.59	3.75	$3,485
Oct 2009	0	950	72.54	4.11	$3,905
Sep 2009	0	1,059	65.54	3.06	$3,246
Aug 2009	0	1,330	67.42	3.22	$4,281
Jul 2009	0	1,581	61.13	3.46	$5,477
Jun 2009	0	1,598	66.16	3.90	$6,224
May 2009	0	1,552	54.74	3.93	$6,093
Apr 2009	0	1,762	46.77	3.59	$6,321
Mar 2009	0	2,119	42.14	4.06	$8,601
Feb 2009	0	1,218	32.81	4.63	$5,643
Jan 2009	0	1,023	35.86	5.37	$5,495
Dec 2008	0	664	37.10	5.98	$3,969
Nov 2008	0	1,779	55.49	6.86	$12,205
Oct 2008	0	2,075	75.24	6.92	$14,363
Sep 2008	0	1,150	101.76	7.88	$9,059
Aug 2008	0	1,251	114.22	8.48	$10,612
Jul 2008	0	1,699	131.08	11.39	$19,351
Jun 2008	0	1,096	131.33	13.03	$14,284
May 2008	0	1,277	123.17	11.57	$14,780
Apr 2008	0	1,188	110.31	10.45	$12,420
Mar 2008	0	1,408	101.90	9.66	$13,607
Feb 2008	0	1,975	92.53	8.77	$17,322
Jan 2008	0	1,286	90.38	8.21	$10,553
Dec 2007	0	1,966	88.33	7.30	$14,356
Nov 2007	0	1,379	91.67	7.29	$10,055
Oct 2007	0	870	82.85	6.92	$6,022
Sep 2007	0	894	75.84	6.24	$5,582
Aug 2007	0	1,074	69.06	6.39	$6,861
Jul 2007	0	1,369	70.90	6.39	$8,745
Jun 2007	0	1,093	62.00	7.55	$8,250
May 2007	0	1,552	58.74	7.85	$12,177
Apr 2007	0	1,941	59.61	7.81	$15,150
Mar 2007	0	822	56.92	7.30	$6,002
Feb 2007	0	1,059	55.10	8.22	$8,701
Jan 2007	0	2,101	50.30	6.73	$14,133
Dec 2006	0	2,172	56.65	6.92	$15,027
Nov 2006	0	1,457	54.20	7.62	$11,099
Oct 2006	0	2,477	54.90	6.01	$14,896
Sep 2006	0	3,502	60.08	5.04	$17,640
Aug 2006	0	1,136	68.71	7.34	$8,338
Jul 2006	0	1,768	69.37	6.34	$11,214
Jun 2006	0	2,211	66.28	6.38	$14,115
May 2006	0	2,533	66.01	6.42	$16,275
Apr 2006	0	2,089	64.39	7.36	$15,376
Mar 2006	0	1,658	56.70	7.08	$11,743
Feb 2006	0	1,957	57.59	7.75	$15,169
Jan 2006	0	3,158	60.59	8.93	$28,211
Dec 2005	0	4,054	54.94	13.42	$54,386
Nov 2005	0	3,762	54.69	10.59	$39,834
Oct 2005	0	4,681	58.34	13.80	$64,578
Sep 2005	0	4,230	61.45	12.08	$51,094
Aug 2005	0	4,418	61.51	9.80	$43,282
Jul 2005	140	4,966	55.69	7.84	$46,748
Jun 2005	0	5,028	52.33	7.38	$37,112
May 2005	0	6,549	45.22	6.65	$43,558
Apr 2005	0	7,242	49.20	7.36	$53,305
Mar 2005	0	9,249	50.37	7.15	$66,175
Feb 2005	0	11,409	45.22	6.31	$72,013
Jan 2005	0	11,091	43.16	6.32	$70,120
Dec 2004	0	0	39.86	6.75	$0

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            59 bbl  × $ 89.39 =     $5,274
Gas                    0 Mcf  × $  4.04 =         $0

────────────────────────────────────────────────────
Month total                                   $5,274

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/211947 is the state's own key, not one this site invented.