PEGGY UNIT

Name: PEGGY UNIT lease production and value, Apr 1995 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KEN PETROLEUM CORPORATION (P-5 455775) in the LONKEN (7030) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 155250District 02Field 54829750CondensateGasSave

Value, all time

$7.1 M

Apr 1995 – Mar 2004

Value, last 12 filed months

$175 k

at the published price for each month

Months reported

108

no gaps in the span

Streams

condensate, gas

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	38,459 bbl	$827,957
Gas	Production	1,930,197 Mcf	$6,222,908
Total			$7,050,865

306,204 Mcf of this lease's gas, across 18 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 29.0852, -96.7226. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.08522, -96.72259 · 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

7,158 ft

1 wells filed one

Completion to plug

8.7 years

median over 1 wells

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 7,158 ft.

Completions filed

Apr 1995

1 of 1 wells

Plug dates filed

Dec 2003

1 of 1 wells

Last completion to plug: a median of 8.7 years across the 1 well that filed both dates, with the middle half between 8.7 years and 8.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-23932851	1	7,158 ft	Apr 1995	Dec 2003	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 (108)

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

108 months


Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	102	0	32.03	6.30	$3,267
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	63	28.17	4.76	$300
Sep 2003	0	42	26.31	4.75	$199
Aug 2003	197	4,351	29.76	5.13	$28,182
Jul 2003	1	6,517	29.41	5.17	$33,728
Jun 2003	1	5,868	28.56	5.98	$35,137
May 2003	202	6,247	26.59	5.97	$42,683
Apr 2003	10	5,721	26.67	5.41	$31,202
Mar 2003	201	6,891	31.14	6.10	$48,267
Feb 2003	200	6,316	33.48	7.93	$56,756
Jan 2003	13	7,490	30.31	5.58	$42,204
Dec 2002	19	8,577	26.91	4.85	$42,142
Nov 2002	209	7,748	24.66	4.14	$37,207
Oct 2002	200	8,314	26.46	4.23	$40,453
Sep 2002	1	9,105	27.44	3.64	$33,126
Aug 2002	194	10,597	25.96	3.16	$38,567
Jul 2002	194	9,717	24.58	3.06	$34,520
Jun 2002	195	9,013	23.73	3.34	$34,715
May 2002	0	10,530	24.66	3.58	$37,740
Apr 2002	197	10,301	23.65	3.51	$40,839
Mar 2002	199	10,510	22.00	3.10	$36,988
Feb 2002	1	9,629	18.22	2.38	$22,894
Jan 2002	199	11,075	17.17	2.38	$29,727
Dec 2001	201	11,508	16.93	2.36	$30,612
Nov 2001	198	11,729	18.07	2.41	$31,792
Oct 2001	187	12,064	19.78	2.53	$34,207
Sep 2001	1	11,064	24.26	2.25	$24,933
Aug 2001	84	0	24.87	3.05	$2,089
Jul 2001	203	13,283	23.93	3.20	$47,325
Jun 2001	195	15,295	24.56	3.82	$63,280
May 2001	195	14,416	25.52	4.31	$67,071
Apr 2001	217	14,112	24.68	5.34	$80,648
Mar 2001	229	15,285	24.54	5.38	$87,799
Feb 2001	410	21,005	27.75	5.77	$132,515
Jan 2001	616	50,969	27.47	8.40	$444,998
Dec 2000	976	70,327	26.88	9.12	$667,793
Nov 2000	993	72,586	32.21	5.66	$442,676
Oct 2000	1,178	73,376	31.23	5.15	$414,345
Sep 2000	1,136	67,259	31.87	5.19	$385,043
Aug 2000	1,141	67,952	29.64	4.54	$342,372
Jul 2000	377	8,254	28.53	4.09	$44,513
Jun 2000	973	60,775	29.30	4.40	$295,752
May 2000	943	59,525	27.26	3.68	$244,743
Apr 2000	1,125	55,744	24.51	3.12	$201,272
Mar 2000	975	57,161	28.42	2.86	$191,176
Feb 2000	1,002	53,510	27.62	2.73	$173,570
Jan 2000	384	16,627	25.27	2.48	$50,947
Dec 1999	387	13,936	24.28	2.42	$43,173
Nov 1999	353	14,738	23.19	2.43	$44,058
Oct 1999	381	16,119	20.98	2.80	$53,186
Sep 1999	384	15,850	21.75	2.62	$49,861
Aug 1999	178	18,038	19.26	2.88	$55,298
Jul 1999	384	14,431	17.89	2.37	$41,105
Jun 1999	392	14,864	15.94	2.36	$41,359
May 1999	194	16,296	15.79	2.32	$40,887
Apr 1999	384	14,835	15.10	2.21	$38,555
Mar 1999	390	16,258	12.47	1.84	$34,751
Feb 1999	392	14,063	9.98	1.82	$29,476
Jan 1999	389	15,793	10.38	1.90	$34,044
Dec 1998	387	16,771	9.20	1.77	$33,301
Nov 1998	544	15,097	10.89	2.19	$38,922
Oct 1998	186	17,606	12.42	1.97	$36,980
Sep 1998	728	16,861	12.59	2.08	$44,281
Aug 1998	354	17,783	11.30	1.91	$37,919
Jul 1998	339	17,971	11.74	2.24	$44,186
Jun 1998	539	17,065	11.24	2.24	$44,237
May 1998	361	17,641	12.62	2.21	$43,478
Apr 1998	367	16,568	13.04	2.51	$46,294
Mar 1998	500	17,536	12.80	2.31	$46,898
Feb 1998	323	15,696	13.95	2.30	$40,593
Jan 1998	572	17,529	14.70	2.15	$46,180
Dec 1997	369	17,435	16.32	2.41	$48,060
Nov 1997	370	15,692	18.19	3.09	$55,191
Oct 1997	556	18,919	19.25	3.15	$70,294
Sep 1997	378	18,421	17.74	2.95	$61,138
Aug 1997	357	18,805	17.86	2.55	$54,418
Jul 1997	374	18,407	17.58	2.25	$47,934
Jun 1997	542	17,470	17.24	2.26	$48,777
May 1997	365	19,545	18.97	2.31	$52,044
Apr 1997	530	18,400	17.88	2.08	$47,800
Mar 1997	545	18,658	18.95	1.94	$46,508
Feb 1997	181	16,581	20.49	2.21	$40,285
Jan 1997	545	17,867	23.48	3.54	$76,040
Dec 1996	378	17,931	23.32	—	$8,815
Nov 1996	560	16,733	21.97	—	$12,303
Oct 1996	369	17,146	23.31	—	$8,601
Sep 1996	373	16,579	22.22	—	$8,288
Aug 1996	360	16,631	20.26	—	$7,294
Jul 1996	360	16,298	19.55	—	$7,038
Jun 1996	546	16,049	18.73	—	$10,227
May 1996	380	15,581	19.43	—	$7,383
Apr 1996	382	16,286	21.51	—	$8,217
Mar 1996	381	18,866	19.38	—	$7,384
Feb 1996	201	13,670	16.98	—	$3,413
Jan 1996	944	33,670	17.07	—	$16,114
Dec 1995	366	15,923	17.19	—	$6,292
Nov 1995	383	15,894	16.00	—	$6,128
Oct 1995	380	14,840	15.43	—	$5,863
Sep 1995	540	13,664	16.18	—	$8,737
Aug 1995	562	14,487	15.92	—	$8,947
Jul 1995	0	15,956	15.24	—	$0
Jun 1995	0	0	16.41	—	$0
May 1995	0	0	17.56	—	$0
Apr 1995	0	0	17.73	—	$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.

Jan 2004 — as filed, then multipliedworked

Condensate           102 bbl  × $ 32.03 =     $3,267
Gas                    0 Mcf  × $  6.30 =         $0

────────────────────────────────────────────────────
Month total                                   $3,267

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. 02/G/155250 is the state's own key, not one this site invented.