PLANET OIL

Operated by STATOIL OIL & GAS LP (P-5 816432) in the FRANCITAS (FRIO 8600) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 205074District 02Field 32533644CondensateGasSaveExport
Value, all time
$20.3 M
Jun 2004 – Mar 2014
Value, last 12 filed months
$0
at the published price for each month
Months reported
118
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 10 leases and 10 wells, and the rule below applies to all of them.

Discovered
1953-12-02
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 160 acres. The field rule took effect on 1977-07-25.

The Commission's schedule remark for this field reads: CHANGED FIELD TYPE FROM ONE WELL TO PRORATED EFF 1-1-17

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
CondensateDisposition34,408 bbl$2,038,466
GasProduction2,529,328 Mcf$18,232,572
Total$20,271,038

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 28.8113, -96.3198. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.81127, -96.31984 · 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
9,794 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 9,794 ft.

Completions filed
Jun 2004
1 of 1 wells
Plug dates filed
Mar 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

42-2393326119,794 ftJun 2004Mar 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 (118)

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

118 months

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 2013105093.623.91$9,830
Feb 201301191.233.42$38
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 20120191.612.49$2
Apr 201200101.652.00$0
Mar 201203105.052.22$7
Feb 201200101.102.57$0
Jan 20120898.092.73$22
Dec 20110496.873.24$13
Nov 20110095.723.31$0
Oct 201101,01084.983.65$3,685
Sep 201102183.623.99$84
Aug 2011039983.404.15$1,656
Jul 2011039694.144.52$1,789
Jun 201101,21592.904.64$5,637
May 201106,81598.134.40$30,019
Apr 201187,354105.964.33$32,715
Mar 20111998,68896.364.06$54,426
Feb 201105,97885.644.18$24,988
Jan 201147,89486.504.59$36,570
Dec 201032,00785.734.35$8,983
Nov 201041,58580.843.80$6,339
Oct 201002,94778.103.51$10,341
Sep 2010114,36872.633.98$18,181
Aug 201087,40073.684.42$33,293
Jul 2010248,21672.554.74$40,656
Jun 201008,33970.364.91$40,948
May 201020010,16171.124.24$57,258
Apr 20101610,95681.694.12$46,475
Mar 20102310,17578.394.39$46,458
Feb 201020510,55773.585.44$72,539
Jan 2010012,39774.365.96$73,937
Dec 200919613,20571.445.48$86,415
Nov 20091213,31674.593.75$50,850
Oct 200920114,23172.544.11$73,074
Sep 2009015,34565.543.06$47,029
Aug 200916515,41967.423.22$60,750
Jul 2009016,73961.133.46$57,992
Jun 200919716,92266.163.90$78,945
May 200917920,69254.743.93$91,030
Apr 200919624,00746.773.59$95,292
Mar 200918927,08042.144.06$117,882
Feb 200937225,54532.814.63$130,555
Jan 200919425,03835.865.37$141,436
Dec 200818528,93737.105.98$179,824
Nov 200836024,08555.496.86$185,208
Oct 200818227,04675.246.92$200,906
Sep 200818419,167101.767.88$169,704
Aug 200834027,705114.228.48$273,857
Jul 200820328,583131.0811.39$352,153
Jun 200818528,448131.3313.03$395,048
May 200855830,772123.1711.57$424,893
Apr 200818230,710110.3110.45$341,145
Mar 200837927,679101.909.66$306,112
Feb 200818431,07092.538.77$289,527
Jan 200856734,55290.388.21$334,770
Dec 200736034,29388.337.30$282,205
Nov 200735931,55691.677.29$263,006
Oct 200755036,20082.856.92$296,143
Sep 200735136,25775.846.24$253,014
Aug 200738638,35969.066.39$271,692
Jul 200757437,98870.906.39$283,362
Jun 200736936,14362.007.55$295,702
May 200738637,20058.747.85$314,555
Apr 200755339,97359.617.81$344,962
Mar 200736640,74456.927.30$318,344
Feb 200738624,62755.108.22$223,604
Jan 200755030,03450.306.73$229,699
Dec 200638034,18556.656.92$258,034
Nov 200656430,03454.207.62$259,352
Oct 200636732,71154.906.01$216,866
Sep 200655928,43160.085.04$176,797
Aug 200638531,93068.717.34$260,817
Jul 200638931,90869.376.34$229,370
Jun 200655137,14666.286.38$273,656
May 200657936,75566.016.42$274,371
Apr 200656436,45164.397.36$304,613
Mar 200656940,33856.707.08$317,973
Feb 200656338,94057.597.75$334,252
Jan 200656939,00660.598.93$382,929
Dec 200553942,09854.9413.42$594,374
Nov 200573743,72254.6910.59$503,253
Oct 200575445,47058.3413.80$671,282
Sep 200549040,23661.4512.08$516,121
Aug 200572548,93361.519.80$523,984
Jul 200594248,23455.697.84$430,790
Jun 200576049,87052.337.38$407,863
May 200575750,13945.226.65$367,714
Apr 200577850,40849.207.36$409,305
Mar 200595454,28550.377.15$436,456
Feb 200577042,92445.226.31$305,752
Jan 20051,16154,93643.166.32$397,425
Dec 200494154,52139.866.75$405,584
Nov 20041,13756,04245.286.33$406,253
Oct 200497660,83649.706.52$444,860
Sep 20041,12459,58543.245.28$363,443
Aug 20041,13261,16842.375.55$387,486
Jul 20041,34174,46838.286.08$504,410
Jun 200494155,04636.106.43$388,082

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.

Mar 2013 — as filed, then multipliedworked
Condensate           105 bbl  × $ 93.62 =     $9,830
Gas                    0 Mcf  × $  3.91 =         $0

────────────────────────────────────────────────────
Month total                                   $9,830

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/205074 is the state's own key, not one this site invented.