REAGAN "A"

Operated by LOUISIANA JORDAN OIL CO, INC. (P-5 509475) in the SIERRA VISTA (QUEEN CITY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 256297District 02Field 83500550CondensateGasSaveExport
Value, all time
$2.2 M
Apr 2007 – May 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
122
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 5 leases and 5 wells, and the rule below applies to all of them.

Discovered
2003-03-27
as the register files it
Field class
Oil and 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 0 acres. The field rule took effect on 2003-07-08.

The Commission's schedule remark for this field reads: 75% PER WELL UPON EXPIRATION OF DISCOVERY ALLOWABLE

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
CondensateDisposition18,561 bbl$1,480,174
GasProduction94,127 Mcf$718,737
Total$2,198,912

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 28.2277, -98.2864. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.22769, -98.28640 · 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
6,200 ft
1 wells filed one
Completion to plug
2.9 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 6,200 ft.

Completions filed
May 2014
1 of 1 wells
Plug dates filed
Apr 2017
1 of 1 wells

Last completion to plug: a median of 2.9 years across the 1 well that filed both dates, with the middle half between 2.9 years and 2.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2973471436,200 ftMay 2014Apr 2017Yes

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 (122)

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

122 months

May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 201588038.792.17$3,414
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 2015165048.152.95$7,945
Jun 2015176056.152.88$9,882
May 20150055.212.96$0
Apr 2015168049.822.71$8,370
Mar 201518013442.892.93$8,113
Feb 201518023544.662.98$8,738
Jan 20151805343.433.10$7,982
Dec 201416413054.693.59$9,436
Nov 2014015170.464.25$642
Oct 2014020878.303.90$811
Sep 201419322386.164.05$17,531
Aug 201433221889.394.04$30,557
Jul 201417722396.564.18$18,023
Jun 201419325198.164.74$20,134
May 201418725794.734.73$18,929
Apr 20141893595.944.81$18,301
Mar 201407395.895.06$369
Feb 20140097.406.19$0
Jan 20141935590.404.86$17,715
Dec 201303291.824.35$139
Nov 201302088.853.74$75
Oct 201303597.423.78$132
Sep 2013028104.113.72$104
Aug 2013052104.253.52$183
Jul 2013015102.523.72$56
Jun 201302294.403.93$87
May 20130294.834.15$8
Apr 201303293.964.28$137
Mar 201303793.623.91$145
Feb 201302291.233.42$75
Jan 201303091.603.42$103
Dec 201202886.773.42$96
Nov 20121942986.953.62$16,973
Oct 201201589.383.40$51
Sep 201202694.672.92$76
Aug 20120092.662.91$0
Jul 20121882685.133.02$16,083
Jun 201202579.822.52$63
May 20120691.612.49$15
Apr 2012020101.652.00$40
Mar 2012010105.052.22$22
Feb 201208101.102.57$21
Jan 201203798.092.73$101
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 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 2010179073.684.42$13,189
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 2010019871.124.24$839
Apr 2010019881.694.12$816
Mar 201002478.394.39$105
Feb 20101794873.585.44$13,432
Jan 2010013474.365.96$799
Dec 2009017271.445.48$943
Nov 200919418674.593.75$15,168
Oct 2009017472.544.11$715
Sep 200919117265.543.06$13,045
Aug 200918917467.423.22$13,302
Jul 200916819361.133.46$10,938
Jun 200919219466.163.90$13,458
May 200919320454.743.93$11,366
Apr 200938022346.773.59$18,573
Mar 200919725042.144.06$9,316
Feb 2009025932.814.63$1,200
Jan 200938830835.865.37$15,568
Dec 200839834637.105.98$16,834
Nov 20083911,07055.496.86$29,037
Oct 200858885375.246.92$50,146
Sep 20081831,928101.767.88$33,809
Aug 20081,1292,233114.228.48$147,897
Jul 20083762,749131.0811.39$80,596
Jun 20089442,853131.3313.03$161,158
May 20087703,476123.1711.57$135,073
Apr 2008373798110.3110.45$49,489
Mar 20083771,187101.909.66$49,888
Feb 20085773,08592.538.77$80,447
Jan 200802,24690.388.21$18,430
Dec 20073953,45088.337.30$60,082
Nov 20073903,04191.677.29$57,925
Oct 20079334,19082.856.92$106,302
Sep 20073645,34075.846.24$60,950
Aug 20079336,17869.066.39$103,898
Jul 20079489,09470.906.39$125,305
Jun 200796410,92862.007.55$142,257
May 20071,73412,41058.747.85$199,227
Apr 200719710,75859.617.81$95,712

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.

Nov 2015 — as filed, then multipliedworked
Condensate            88 bbl  × $ 38.79 =     $3,414
Gas                    0 Mcf  × $  2.17 =         $0

────────────────────────────────────────────────────
Month total                                   $3,414

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/256297 is the state's own key, not one this site invented.