RICHTER GAS UNIT

Operated by VENTEX OPERATING CORP. (P-5 884527) in the GOLIAD, WEST field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 254065District 02Field 35694001CondensateGasSaveExport
Value, all time
$1.5 M
Apr 2008 – Nov 2012
Value, last 12 filed months
$31 k
at the published price for each month
Months reported
56
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 1 leases and 1 wells, and the rule below applies to all of them.

Discovered
1945-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
CondensateDisposition8,403 bbl$521,430
GasProduction185,576 Mcf$943,873
Total$1,465,303

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 28.7161, -97.3972. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.71615, -97.39724 · 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
11,267 ft
1 wells filed one
Completion to plug
4.6 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 11,267 ft.

Completions filed
Apr 2008
1 of 1 wells
Plug dates filed
Nov 2012
1 of 1 wells

Last completion to plug: a median of 4.6 years across the 1 well that filed both dates, with the middle half between 4.6 years and 4.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-17534066111,267 ftApr 2008Nov 2012Yes

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 (56)

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

56 months

Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20123089494.672.92$29,433
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120391.612.49$7
Apr 201200101.652.00$0
Mar 2012055105.052.22$122
Feb 2012076101.102.57$195
Jan 2012016898.092.73$459
Dec 2011017696.873.24$570
Nov 2011021295.723.31$702
Oct 2011021584.983.65$784
Sep 201108883.623.99$351
Aug 2011024783.404.15$1,025
Jul 2011034594.144.52$1,558
Jun 2011045692.904.64$2,116
May 2011049998.134.40$2,198
Apr 20110499105.964.33$2,162
Mar 2011050596.364.06$2,049
Feb 2011019585.644.18$815
Jan 2011028186.504.59$1,289
Dec 2010055485.734.35$2,409
Nov 2010038580.843.80$1,461
Oct 2010051178.103.51$1,793
Sep 201017375772.633.98$15,577
Aug 2010098973.684.42$4,371
Jul 201001,24172.554.74$5,878
Jun 20101871,94270.364.91$22,693
May 20101931,94571.124.24$21,964
Apr 201002,12181.694.12$8,744
Mar 20101844,00278.394.39$31,987
Feb 20101923,84073.585.44$35,026
Jan 20101915,73874.365.96$48,425
Dec 20093796,40271.445.48$62,183
Nov 20091917,33774.593.75$41,771
Oct 20093728,16272.544.11$60,533
Sep 20091896,62265.543.06$32,682
Aug 20093787,17167.423.22$48,565
Jul 20093778,05561.133.46$50,953
Jun 20093637,98666.163.90$55,122
May 20093728,60454.743.93$54,140
Apr 20093768,50046.773.59$48,079
Mar 20093798,94742.144.06$52,287
Feb 20093839,24532.814.63$55,398
Jan 200976613,31235.865.37$98,968
Dec 200855514,21137.105.98$105,532
Nov 200876714,52655.496.86$142,214
Oct 200856814,77475.246.92$145,002
Sep 200856010,728101.767.88$141,491
Aug 200802,855114.228.48$24,219
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$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.

Sep 2012 — as filed, then multipliedworked
Condensate           308 bbl  × $ 94.67 =    $29,158
Gas                   94 Mcf  × $  2.92 =       $274

────────────────────────────────────────────────────
Month total                                  $29,433

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/254065 is the state's own key, not one this site invented.