PROVIDENT CITY G.U.

Operated by NEWFIELD EXPLORATION COMPANY (P-5 606617) in the PROVIDENT CITY NE (LWR WX. CONS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 227402District 02Field 732961002 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.1 M
Mar 2007 – Jun 2016
Value, last 12 filed months
$297
at the published price for each month
Months reported
112
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 17 leases and 17 wells, and the rule below applies to all of them.

Discovered
2006-11-14
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 2006-11-14.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 02/01/2008.

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 Gas112009-06-29191893
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
CondensateDisposition1,522 bbl$109,842
GasProduction936,592 Mcf$6,940,251
Total$7,050,093

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 29.3252, -96.6621. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.32516, -96.66211 · 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
0.0%
0 of 1 wells
Median depth
12,925 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 12,925 ft.

Completions filed
Nov 2018
1 of 1 wells

1 well

42-285333651512,925 ftNov 2018Yes

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 (112)

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

112 months

Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20169033.011.79$297
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
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 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 201160086.504.59$5,190
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 2010022471.124.24$949
Apr 201004,70081.694.12$19,377
Mar 201004,89578.394.39$21,483
Feb 201004,44173.585.44$24,170
Jan 201005,37074.365.96$32,027
Dec 200905,46771.445.48$29,980
Nov 200905,58474.593.75$20,948
Oct 200906,12172.544.11$25,159
Sep 200906,29765.543.06$19,299
Aug 200906,62467.423.22$21,319
Jul 200907,01261.133.46$24,293
Jun 200907,10866.163.90$27,686
May 200907,58354.743.93$29,769
Apr 200908,02346.773.59$28,783
Mar 200909,99742.144.06$40,578
Feb 2009010,74432.814.63$49,777
Jan 2009013,90235.865.37$74,668
Dec 20088714,72137.105.98$91,217
Nov 2008014,77355.496.86$101,348
Oct 2008015,35075.246.92$106,252
Sep 2008015,059101.767.88$118,621
Aug 2008016,079114.228.48$136,398
Jul 2008016,222131.0811.39$184,759
Jun 2008015,880131.3313.03$206,958
May 2008918,210123.1711.57$211,876
Apr 20081019,421110.3110.45$204,147
Mar 200819521,841101.909.66$230,943
Feb 20081022,26892.538.77$196,229
Jan 20082625,82490.388.21$214,255
Dec 2007227,50188.337.30$200,988
Nov 200719425,92891.677.29$206,843
Oct 2007829,84682.856.92$207,256
Sep 2007030,16775.846.24$188,368
Aug 200723640,04869.066.39$272,122
Jul 20071850,84070.906.39$326,039
Jun 200722573,24062.007.55$566,798
May 2007217123,00358.747.85$977,863
Apr 2007216170,78259.617.81$1,345,863
Mar 2007035,49756.927.30$259,198

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 2016 — as filed, then multipliedworked
Condensate             9 bbl  × $ 33.01 =       $297
Gas                    0 Mcf  × $  1.79 =         $0

────────────────────────────────────────────────────
Month total                                     $297

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/227402 is the state's own key, not one this site invented.