COATES ENERGY

Operated by ROYAL PRODUCTION COMPANY, INC. (P-5 732075) in the HINNANT (5900) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10992District 02Field 41609800OilCasinghead gasSave
Value, all time
$2.4 M
Jun 2015 – Sep 2020
Value, last 12 filed months
$0
at the published price for each month
Months reported
64
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition42,916 bbl$1,910,038
Casinghead gasProduction153,693 Mcf$449,489
Total$2,359,527

Wells on this lease (2)

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 28.0729, -98.0185. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

28.07295, -98.01854 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
6,484 ft
2 wells filed one
Completion to plug
3.8 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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

Between 6,210 and 6,758 ft, median 6,484 ft, over the 2 wells that filed a depth.

Completions filed
Feb 2015 – Oct 2016
2 of 2 wells
Plug dates filed
Apr 2019 – Feb 2020
2 of 2 wells

Last completion to plug: a median of 3.8 years across the 2 wells that filed both dates, with the middle half between 3.6 years and 4.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-2973585236,210 ftOct 2016Feb 2020Yes
42-2973571316,758 ftFeb 2015Apr 2019Yes

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 (64)

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

64 months

Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 201952055.052.66$2,863
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 201913929952.782.49$8,081
May 2019035758.482.74$978
Apr 201912034562.632.75$8,465
Mar 201911631656.803.06$7,556
Feb 20199932350.852.79$5,936
Jan 201911529946.033.23$6,259
Dec 201816873646.594.19$10,908
Nov 201812734552.934.24$8,184
Oct 201816235761.443.40$11,166
Sep 201812634559.543.11$8,574
Aug 201819035759.403.07$12,381
Jul 2018879165.142.93$5,934
Jun 201822424560.183.08$14,234
May 201842924565.382.90$28,759
Apr 201840324563.842.90$26,438
Mar 201839931861.222.79$25,313
Feb 201860325361.782.77$37,953
Jan 201827989462.874.01$21,125
Dec 20172571,07557.272.92$17,859
Nov 20172512,85855.423.12$22,823
Oct 20173422,73549.292.98$25,018
Sep 20172703,14047.523.09$22,524
Aug 20173504,45545.373.00$29,264
Jul 20176595,41543.873.09$45,628
Jun 20177416,50042.493.09$51,552
May 20178636,71745.373.26$61,075
Apr 20178055,75347.933.21$57,060
Mar 20179045,25646.772.98$57,962
Feb 20179585,47750.452.95$64,502
Jan 20171,2776,94149.413.42$86,826
Dec 20161,4219,53948.763.72$104,800
Nov 20161,66410,34642.492.64$98,062
Oct 20161,5705,63746.193.09$89,938
Sep 20161,3492,80141.553.10$64,736
Aug 20161,0282,01641.442.92$48,496
Jul 20161,0172,20241.622.92$48,767
Jun 20161,0052,30145.352.69$51,757
May 20169642,27742.521.99$45,523
Apr 20168631,92136.561.99$35,376
Mar 20161,0731,80933.011.79$38,665
Feb 20161,0331,66226.472.06$30,773
Jan 20161,1992,06727.352.36$37,680
Dec 20151,6443,19532.362.00$59,594
Nov 20152,5434,36238.792.17$108,097
Oct 20152,7245,54043.552.43$132,073
Sep 20152,7356,28742.992.76$134,920
Aug 20152,8196,79840.162.87$132,738
Jul 20152,6507,49448.152.95$149,668
Jun 20152,10012,74756.152.88$154,663

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 2019 — as filed, then multipliedworked
Oil                   52 bbl  × $ 55.05 =     $2,863
Casinghead gas         0 Mcf  × $  2.66 =         $0

────────────────────────────────────────────────────
Month total                                   $2,863

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/O/10992 is the state's own key, not one this site invented.