MATTHEW

Operated by PIONEER NATURAL RES. USA, INC. (P-5 665748) in the SWEET HOME (EDWARDS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 251325District 02Field 87587300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.1 M
Jun 2008 – May 2016
Value, last 12 filed months
$69 k
at the published price for each month
Months reported
96
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 12 leases and 12 wells, and the rule below applies to all of them.

Discovered
1978-08-10
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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: ALLOCATION FORMULA SUSPENDED ADMINISTRATIVELY 3/1/93

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 Gas112009-11-13195549
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
CondensateDisposition28,826 bbl$2,293,346
GasProduction586,816 Mcf$2,810,687
Total$5,104,034

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 29.3535, -97.0289. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.35346, -97.02893 · 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
14,000 ft
1 wells filed one
Completion to plug
7.8 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 14,000 ft.

Completions filed
Jun 2008
1 of 1 wells
Plug dates filed
Mar 2016
1 of 1 wells

Last completion to plug: a median of 7.8 years across the 1 well that filed both dates, with the middle half between 7.8 years and 7.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-28533484214,000 ftJun 2008Mar 2016Yes

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 (96)

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

96 months

May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 201616925633.011.79$6,038
Feb 20161892,35726.472.06$9,867
Jan 201603,02627.352.36$7,155
Dec 201501,21032.362.00$2,422
Nov 201501,97438.792.17$4,278
Oct 20151901,06043.552.43$10,847
Sep 201501,44242.992.76$3,978
Aug 201502,09140.162.87$6,006
Jul 20151831,57348.152.95$13,444
Jun 201501,64256.152.88$4,734
May 20151791,87455.212.96$15,421
Apr 201501,74049.822.71$4,709
Mar 201502,56342.892.93$7,522
Feb 20151812,03944.662.98$14,152
Jan 201505,64243.433.10$17,494
Dec 20141573,28354.693.59$20,377
Nov 20141854,96570.464.25$34,145
Oct 20141783,42978.303.90$27,314
Sep 201403,11886.164.05$12,614
Aug 20141593,54189.394.04$28,501
Jul 201402,66396.564.18$11,130
Jun 20141792,97698.164.74$31,668
May 20141863,09194.734.73$32,230
Apr 201403,21995.944.81$15,481
Mar 20141793,91395.895.06$36,952
Feb 20141634,13797.406.19$41,493
Jan 20141814,06190.404.86$36,102
Dec 20131803,88491.824.35$33,440
Nov 201305,19788.853.74$19,428
Oct 20131743,52397.423.78$30,266
Sep 201303,301104.113.72$12,272
Aug 20131773,693104.253.52$31,461
Jul 20131774,111102.523.72$33,430
Jun 20131773,52694.403.93$30,578
May 20131824,33794.834.15$35,254
Apr 20131854,59193.964.28$37,044
Mar 20131815,21593.623.91$37,351
Feb 20131804,63491.233.42$32,269
Jan 20131815,81791.603.42$36,473
Dec 20121795,33786.773.42$33,785
Nov 20121805,11786.953.62$34,200
Oct 20121795,85289.383.40$35,894
Sep 20121764,99594.672.92$31,239
Aug 20121775,08992.662.91$31,200
Jul 20123607,15685.133.02$52,264
Jun 20121785,72779.822.52$28,635
May 20123556,91991.612.49$49,738
Apr 201207,596101.652.00$15,168
Mar 20125378,840105.052.22$76,055
Feb 20123587,265101.102.57$54,867
Jan 20121756,77698.092.73$35,692
Dec 20113699,40596.873.24$66,215
Nov 201117910,34295.723.31$51,379
Oct 20116568,92284.983.65$88,299
Sep 20111724,76383.623.99$33,367
Aug 20113365,85583.404.15$52,317
Jul 20113447,63994.144.52$66,891
Jun 20113505,71592.904.64$59,032
May 20113536,16098.134.40$61,774
Apr 20113556,286105.964.33$64,855
Mar 20113597,17496.364.06$63,701
Feb 20113635,57885.644.18$54,403
Jan 20113645,35086.504.59$56,036
Dec 20101824,74785.734.35$36,242
Nov 20101773,63580.843.80$28,105
Oct 20103564,91378.103.51$45,043
Sep 20101664,48172.633.98$29,889
Aug 20103536,41173.684.42$54,342
Jul 20103537,18872.554.74$59,656
Jun 20103585,09270.364.91$50,193
May 20101794,10371.124.24$30,108
Apr 20103695,53581.694.12$52,963
Mar 20103605,98078.394.39$54,465
Feb 20103635,68473.585.44$57,644
Jan 20103736,82774.365.96$68,453
Dec 20095577,10371.445.48$78,743
Nov 20094707,65074.593.75$63,756
Oct 20094768,14672.544.11$68,011
Sep 20095248,30465.543.06$59,793
Aug 20093598,87867.423.22$52,778
Jul 20097269,52961.133.46$77,394
Jun 20095469,24966.163.90$72,148
May 200954510,08154.743.93$69,409
Apr 200955210,43246.773.59$63,242
Mar 200982410,95942.144.06$79,206
Feb 200954110,78632.814.63$67,722
Jan 200972810,61335.865.37$83,109
Dec 200891223,98037.105.98$177,167
Nov 200889214,38755.496.86$148,197
Oct 20081,09916,19875.246.92$194,811
Sep 20081,09016,661101.767.88$242,159
Aug 20081,26422,442114.228.48$334,750
Jul 20081,62231,183131.0811.39$567,768
Jun 200841,067131.3313.03$14,431

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           169 bbl  × $ 33.01 =     $5,579
Gas                  256 Mcf  × $  1.79 =       $459

────────────────────────────────────────────────────
Month total                                   $6,038

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/251325 is the state's own key, not one this site invented.