PEIKERT -Q-

Operated by LULING O&G LLC (P-5 512575) in the SALT FLAT, WEST field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7477District 01Field 79912100Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$39 k
Jan 1993 – Jun 2012
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
234
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 141 leases and 399 wells, and the rule below applies to all of them.

Discovered
1981-03-01
as the register files it
Field class
Oil
the register's own label
Between wells
300 ft
minimum
From a lease line
150 ft
minimum

A drilling unit in this field needs at least 2.06 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: 2.06 OP ACRES - 500' DIAG

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
OilDisposition1,144 bbl$30,196
Casinghead gasProduction1,438 Mcf$8,766
Total$38,962

31 Mcf of this lease's gas, across 21 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 (2)

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 29.6935, -97.6625. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

29.69355, -97.66246 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
2,668 ft
2 wells filed one
Completion to plug
41.3 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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

Between 2,660 and 2,675 ft, median 2,668 ft, over the 2 wells that filed a depth.

Completions filed
Oct 1981 – Feb 1982
2 of 2 wells
Plug dates filed
Mar 2023
2 of 2 wells

Last completion to plug: a median of 41.3 years across the 2 wells that filed both dates, with the middle half between 41.2 years and 41.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-0553175522,675 ftFeb 1982Mar 2023Yes
42-0553175612,660 ftOct 1981Mar 2023Yes

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 (234)

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

234 months

Jun 20120079.822.52$0
May 20121691.612.49$107
Apr 201281101.652.00$815
Mar 201281105.052.22$843
Feb 201201101.102.57$3
Jan 20120198.092.73$3
Dec 20116196.873.24$584
Nov 20110195.723.31$3
Oct 20110184.983.65$4
Sep 201110183.623.99$840
Aug 20116183.404.15$505
Jul 20116494.144.52$583
Jun 20116592.904.64$581
May 20110698.134.40$26
Apr 2011167105.964.33$1,726
Mar 20110696.364.06$24
Feb 20110585.644.18$21
Jan 20110686.504.59$28
Dec 201061085.734.35$558
Nov 201001180.843.80$42
Oct 201061378.103.51$514
Sep 201001272.633.98$48
Aug 201001673.684.42$71
Jul 201001472.554.74$66
Jun 201001470.364.91$69
May 201001271.124.24$51
Apr 20106481.694.12$507
Mar 201001378.394.39$57
Feb 201001273.585.44$65
Jan 201001274.365.96$72
Dec 200901271.445.48$66
Nov 200901274.593.75$45
Oct 200901272.544.11$49
Sep 20090965.543.06$28
Aug 20090067.423.22$0
Jul 20090661.133.46$21
Jun 20090766.163.90$27
May 20090754.743.93$27
Apr 20096746.773.59$306
Mar 20090742.144.06$28
Feb 20090732.814.63$32
Jan 20090835.865.37$43
Dec 20080837.105.98$48
Nov 20080855.496.86$55
Oct 20080875.246.92$55
Sep 200805101.767.88$39
Aug 200808114.228.48$68
Jul 200808131.0811.39$91
Jun 200801131.3313.03$13
May 200804123.1711.57$46
Apr 200868110.3110.45$746
Mar 200808101.909.66$77
Feb 20080792.538.77$61
Jan 20080790.388.21$57
Dec 20070788.337.30$51
Nov 20076791.677.29$601
Oct 20076882.856.92$552
Sep 20070775.846.24$44
Aug 20070469.066.39$26
Jul 20070470.906.39$26
Jun 20074462.007.55$278
May 20070558.747.85$39
Apr 20070859.617.81$62
Mar 20076856.927.30$400
Feb 200701455.108.22$115
Jan 200701350.306.73$87
Dec 200661956.656.92$471
Nov 200601054.207.62$76
Oct 200611154.906.01$121
Sep 200601060.085.04$50
Aug 200601068.717.34$73
Jul 200601069.376.34$63
Jun 20060966.286.38$57
May 200601066.016.42$64
Apr 200661164.397.36$467
Mar 20065956.707.08$347
Feb 20060857.597.75$62
Jan 200601060.598.93$89
Dec 200501254.9413.42$161
Nov 20050954.6910.59$95
Oct 200571058.3413.80$546
Sep 20050961.4512.08$109
Aug 200501161.519.80$108
Jul 200501155.697.84$86
Jun 200501052.337.38$74
May 20050845.226.65$53
Apr 20050649.207.36$44
Mar 20050850.377.15$57
Feb 20050645.226.31$38
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 200406045.286.33$380
Oct 200406049.706.52$391
Sep 200436043.245.28$447
Aug 200406042.375.55$333
Jul 200406038.286.08$365
Jun 200406036.106.43$386
May 200416037.486.49$427
Apr 200406034.475.86$352
Mar 200406034.365.53$332
Feb 200436032.455.51$428
Jan 200406032.036.30$378
Dec 200316030.266.30$408
Nov 20031028.804.60$29
Oct 20031028.174.76$28
Sep 20032026.314.75$53
Aug 20030029.765.13$0
Jul 20032029.415.17$59
Jun 20030028.565.98$0
May 20034026.595.97$106
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20031030.315.58$30
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20023026.464.23$79
Sep 20021027.443.64$27
Aug 20022025.963.16$52
Jul 20021024.583.06$25
Jun 20021023.733.34$24
May 20023024.663.58$74
Apr 20021023.653.51$24
Mar 20020022.003.10$0
Feb 20026018.222.38$109
Jan 20023017.172.38$52
Dec 20013016.932.36$51
Nov 20013018.072.41$54
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20012024.563.82$49
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 200020024.513.12$490
Mar 200056028.422.86$1,592
Feb 200039027.622.73$1,077
Jan 200024025.272.48$606
Dec 19990024.282.42$0
Nov 199911023.192.43$255
Oct 19990020.982.80$0
Sep 199910021.752.62$218
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 199812011.301.91$136
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 199814012.622.21$177
Apr 19980013.042.51$0
Mar 19988012.802.31$102
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 199712016.322.41$196
Nov 19970018.193.09$0
Oct 19976019.253.15$116
Sep 19970017.742.95$0
Aug 199710017.862.55$179
Jul 19978017.582.25$141
Jun 199712017.242.26$207
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19974018.951.94$76
Feb 199710020.492.21$205
Jan 19970023.483.54$0
Dec 19969023.32$210
Nov 19960021.97$0
Oct 19969023.31$210
Sep 19960022.22$0
Aug 19966020.26$122
Jul 19964019.55$78
Jun 19964018.73$75
May 19968019.43$155
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19968016.98$136
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 199514015.24$213
Jun 19950016.41$0
May 199510017.56$176
Apr 199511017.73$195
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 199412015.90$191
Oct 199414015.58$218
Sep 199412115.29$183
Aug 19940116.13$0
Jul 19949117.56$158
Jun 199412217.09$205
May 19948115.88$127
Apr 199418114.14$255
Mar 199437212.46$461
Feb 199420212.50$250
Jan 199434212.66$430
Dec 199326212.33$321
Nov 199336214.49$522
Oct 199330115.85$476
Sep 199334115.03$511
Aug 199336315.66$564
Jul 199332215.46$495
Jun 199332216.79$537
May 199358117.68$1,025
Apr 199335118.05$632
Mar 199332118.14$580
Feb 199335117.90$627
Jan 199351116.93$863

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.

May 2012 — as filed, then multipliedworked
Oil                    1 bbl  × $ 91.61 =        $92
Casinghead gas         6 Mcf  × $  2.49 =        $15

────────────────────────────────────────────────────
Month total                                     $107

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/O/7477 is the state's own key, not one this site invented.