REAGAN, M.

Operated by RELIANCE ENERGY, INC. (P-5 700995) in the MCCASKILL (LOWER WILCOX) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 198568District 02Field 589320852 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.3 M
Jul 2003 – Aug 2014
Value, last 12 filed months
$0
at the published price for each month
Months reported
134
no gaps in the span
Streams
2
condensate, 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 11 leases and 11 wells, and the rule below applies to all of them.

Discovered
2002-04-26
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2002-09-17.

The Commission's schedule remark for this field reads: SHALL BE FILED. EFF. 3-8-05 PER DKT. #02-0241088.

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112005-07-22160575
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition6 bbl$169
GasProduction389,284 Mcf$2,303,629
Total$2,303,798

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 28.7583, -97.6285. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.75833, -97.62847 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
16,075 ft
1 wells filed one
Completion to plug
11.1 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 16,075 ft.

Completions filed
Jul 2003
1 of 1 wells
Plug dates filed
Aug 2014
1 of 1 wells

Last completion to plug: a median of 11.1 years across the 1 well that filed both dates, with the middle half between 11.1 years and 11.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-17533459116,075 ftJul 2003Aug 2014Yes

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 (134)

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

134 months

Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110292.904.64$9
May 201106498.134.40$282
Apr 201104105.964.33$17
Mar 201103996.364.06$158
Feb 201104085.644.18$167
Jan 201104686.504.59$211
Dec 201004685.734.35$200
Nov 201007680.843.80$288
Oct 201006778.103.51$235
Sep 2010011372.633.98$450
Aug 201006173.684.42$270
Jul 2010020272.554.74$957
Jun 201004570.364.91$221
May 201004371.124.24$182
Apr 201001681.694.12$66
Mar 201008578.394.39$373
Feb 201002173.585.44$114
Jan 2010016974.365.96$1,008
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090135.865.37$5
Dec 20080237.105.98$12
Nov 200801655.496.86$110
Oct 200801575.246.92$104
Sep 20080171101.767.88$1,347
Aug 20080837114.228.48$7,100
Jul 200805,448131.0811.39$62,050
Jun 20080347131.3313.03$4,522
May 20080585123.1711.57$6,771
Apr 20080424110.3110.45$4,433
Mar 20080469101.909.66$4,532
Feb 2008035292.538.77$3,087
Jan 2008066590.388.21$5,457
Dec 2007091088.337.30$6,645
Nov 2007077491.677.29$5,644
Oct 2007079182.856.92$5,475
Sep 2007084175.846.24$5,251
Aug 2007086869.066.39$5,545
Jul 2007073770.906.39$4,708
Jun 2007058762.007.55$4,431
May 2007015558.747.85$1,216
Apr 2007040959.617.81$3,192
Mar 200701,20956.927.30$8,828
Feb 2007027955.108.22$2,292
Jan 2007040150.306.73$2,697
Dec 2006018456.656.92$1,273
Nov 2006045754.207.62$3,481
Oct 2006043054.906.01$2,586
Sep 2006037260.085.04$1,874
Aug 2006042868.717.34$3,141
Jul 2006012569.376.34$793
Jun 2006011266.286.38$715
May 200607,75866.016.42$49,845
Apr 200607,50764.397.36$55,255
Mar 2006062356.707.08$4,413
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 200509554.9413.42$1,274
Nov 200501,21654.6910.59$12,875
Oct 200501,22358.3413.80$16,872
Sep 200505,29661.4512.08$63,970
Aug 2005010,16861.519.80$99,614
Jul 2005012,45255.697.84$97,669
Jun 2005013,25452.337.38$97,828
May 2005011645.226.65$772
Apr 200501,46249.207.36$10,761
Mar 200501,81150.377.15$12,957
Feb 200501,22245.226.31$7,713
Jan 200501,40643.166.32$8,889
Dec 200401,60939.866.75$10,862
Nov 200401,62745.286.33$10,300
Oct 200402,37349.706.52$15,460
Sep 200402,81143.245.28$14,853
Aug 200403,12542.375.55$17,346
Jul 200403,07038.286.08$18,678
Jun 200403,29636.106.43$21,203
May 2004017,97137.486.49$116,714
Apr 200403,45234.475.86$20,223
Mar 200402,46034.365.53$13,604
Feb 200406,94232.455.51$38,248
Jan 2004014,78232.036.30$93,121
Dec 2003017,61030.266.30$110,972
Nov 2003023,88528.804.60$109,755
Oct 2003645,55528.174.76$216,994
Sep 2003059,41926.314.75$282,202
Aug 2003088,27329.765.13$452,816
Jul 200304,87529.415.17$25,208

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 2011 — as filed, then multipliedworked
Condensate             0 bbl  × $ 92.90 =         $0
Gas                    2 Mcf  × $  4.64 =         $9

────────────────────────────────────────────────────
Month total                                       $9

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/198568 is the state's own key, not one this site invented.