PENN, STELLA

Name: PENN, STELLA lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CABOT OIL & GAS CORPORATION (P-5 121700) in the HOSTETTER (QUEEN CITY 6,000) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 304District 01Field 42803332CondensateGasSave Export

Value, all time

$553 k

Jan 1993 – Nov 2004

Value, last 12 filed months

at the published price for each month

Months reported

143

no gaps in the span

Streams

condensate, gas

The HOSTETTER (QUEEN CITY 6,000) 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 10 leases and 10 wells, and the rule below applies to all of them.

Discovered

1954-02-02

as the register files it

Field class

Gas

the register's own label

Between wells

2,640 ft

minimum

From a lease line

1,320 ft

minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 1985-06-14.

The Commission's schedule remark for this field reads: “ONE WELL FIELD EFF. 4-1-87”

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	2,586 bbl	$41,779
Gas	Production	919,237 Mcf	$510,853
Total			$552,632

712,098 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 28.0766, -98.3985. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.07659, -98.39849 · 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

6,106 ft

1 wells filed one

Completion to plug

47.3 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 6,106 ft.

Completions filed

Jul 1957

1 of 1 wells

Plug dates filed

Oct 2004

1 of 1 wells

Last completion to plug: a median of 47.3 years across the 1 well that filed both dates, with the middle half between 47.3 years and 47.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-31106301	3	6,106 ft	Jul 1957	Oct 2004	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 (143)

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

143 months


Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	1	0	23.73	3.34	$24
May 2002	4	0	24.66	3.58	$99
Apr 2002	0	49	23.65	3.51	$172
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	19	18.22	2.38	$45
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	18	16.93	2.36	$43
Nov 2001	0	107	18.07	2.41	$257
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	167	25.52	4.31	$719
Apr 2001	0	160	24.68	5.34	$854
Mar 2001	0	47	24.54	5.38	$253
Feb 2001	0	184	27.75	5.77	$1,061
Jan 2001	0	96	27.47	8.40	$806
Dec 2000	0	18	26.88	9.12	$164
Nov 2000	0	98	32.21	5.66	$554
Oct 2000	0	485	31.23	5.15	$2,496
Sep 2000	0	80	31.87	5.19	$415
Aug 2000	0	396	29.64	4.54	$1,798
Jul 2000	8	533	28.53	4.09	$2,408
Jun 2000	0	625	29.30	4.40	$2,748
May 2000	0	676	27.26	3.68	$2,488
Apr 2000	0	1,283	24.51	3.12	$3,998
Mar 2000	0	1,541	28.42	2.86	$4,407
Feb 2000	0	1,592	27.62	2.73	$4,341
Jan 2000	10	1,904	25.27	2.48	$4,976
Dec 1999	0	1,789	24.28	2.42	$4,336
Nov 1999	0	1,692	23.19	2.43	$4,118
Oct 1999	0	1,955	20.98	2.80	$5,481
Sep 1999	10	2,196	21.75	2.62	$5,968
Aug 1999	0	2,261	19.26	2.88	$6,502
Jul 1999	0	2,224	17.89	2.37	$5,276
Jun 1999	0	2,735	15.94	2.36	$6,460
May 1999	0	2,737	15.79	2.32	$6,353
Apr 1999	9	3,042	15.10	2.21	$6,853
Mar 1999	0	2,840	12.47	1.84	$5,221
Feb 1999	0	2,790	9.98	1.82	$5,072
Jan 1999	0	3,204	10.38	1.90	$6,087
Dec 1998	0	2,944	9.20	1.77	$5,221
Nov 1998	0	3,384	10.89	2.19	$7,396
Oct 1998	0	3,698	12.42	1.97	$7,282
Sep 1998	0	3,537	12.59	2.08	$7,366
Aug 1998	8	3,453	11.30	1.91	$6,676
Jul 1998	0	4,888	11.74	2.24	$10,936
Jun 1998	12	5,458	11.24	2.24	$12,346
May 1998	15	5,992	12.62	2.21	$13,410
Apr 1998	0	6,304	13.04	2.51	$15,794
Mar 1998	36	6,906	12.80	2.31	$16,410
Feb 1998	113	6,258	13.95	2.30	$15,964
Jan 1998	350	6,867	14.70	2.15	$19,942
Dec 1997	127	7,135	16.32	2.41	$19,276
Nov 1997	54	8,583	18.19	3.09	$27,489
Oct 1997	0	8,883	19.25	3.15	$27,980
Sep 1997	69	8,811	17.74	2.95	$27,260
Aug 1997	0	9,025	17.86	2.55	$23,057
Jul 1997	53	9,139	17.58	2.25	$21,467
Jun 1997	0	8,531	17.24	2.26	$19,256
May 1997	0	8,969	18.97	2.31	$20,705
Apr 1997	0	9,001	17.88	2.08	$18,747
Mar 1997	50	9,338	18.95	1.94	$19,055
Feb 1997	0	9,639	20.49	2.21	$21,263
Jan 1997	50	10,853	23.48	3.54	$39,590
Dec 1996	0	11,605	23.32	—	$0
Nov 1996	0	8,264	21.97	—	$0
Oct 1996	0	8,133	23.31	—	$0
Sep 1996	48	8,968	22.22	—	$1,067
Aug 1996	0	12,123	20.26	—	$0
Jul 1996	0	13,837	19.55	—	$0
Jun 1996	0	13,449	18.73	—	$0
May 1996	0	23,158	19.43	—	$0
Apr 1996	46	25,630	21.51	—	$989
Mar 1996	47	26,726	19.38	—	$911
Feb 1996	97	25,983	16.98	—	$1,647
Jan 1996	49	28,375	17.07	—	$836
Dec 1995	0	27,644	17.19	—	$0
Nov 1995	52	26,186	16.00	—	$832
Oct 1995	0	30,901	15.43	—	$0
Sep 1995	47	22,895	16.18	—	$760
Aug 1995	48	15,572	15.92	—	$764
Jul 1995	0	14,379	15.24	—	$0
Jun 1995	32	13,440	16.41	—	$525
May 1995	0	10,690	17.56	—	$0
Apr 1995	53	12,720	17.73	—	$940
Mar 1995	51	12,488	16.44	—	$838
Feb 1995	16	11,331	16.58	—	$265
Jan 1995	33	11,828	15.92	—	$525
Dec 1994	12	12,060	15.03	—	$180
Nov 1994	34	12,293	15.90	—	$541
Oct 1994	0	8,100	15.58	—	$0
Sep 1994	180	10,937	15.29	—	$2,752
Aug 1994	76	10,401	16.13	—	$1,226
Jul 1994	0	8,823	17.56	—	$0
Jun 1994	0	11,193	17.09	—	$0
May 1994	75	12,575	15.88	—	$1,191
Apr 1994	99	13,300	14.14	—	$1,400
Mar 1994	0	13,755	12.46	—	$0
Feb 1994	94	12,069	12.50	—	$1,175
Jan 1994	47	13,417	12.66	—	$595
Dec 1993	45	12,943	12.33	—	$555
Nov 1993	30	13,127	14.49	—	$435
Oct 1993	30	13,314	15.85	—	$476
Sep 1993	46	11,591	15.03	—	$691
Aug 1993	19	13,982	15.66	—	$298
Jul 1993	21	14,804	15.46	—	$325
Jun 1993	32	12,641	16.79	—	$537
May 1993	29	12,997	17.68	—	$513
Apr 1993	28	12,005	18.05	—	$505
Mar 1993	18	14,257	18.14	—	$327
Feb 1993	37	12,876	17.90	—	$662
Jan 1993	36	12,313	16.93	—	$609

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 2002 — as filed, then multipliedworked

Condensate             1 bbl  × $ 23.73 =        $24
Gas                    0 Mcf  × $  3.34 =         $0

────────────────────────────────────────────────────
Month total                                      $24

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/304 is the state's own key, not one this site invented.