PLACEDO RANCH

Operated by LEGEND ENERGY TEXAS, LLC (P-5 100638) in the PLACEDO, EAST (6000 SD.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 9431District 02Field 71802684OilCasinghead gasSaveExport
Value, all time
$2.8 M
May 2010 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
193
no gaps in the span
Streams
2
oil, casinghead 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 9 wells, and the rule below applies to all of them.

Discovered
1954-02-12
as the register files it
Field class
Oil
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
OilDisposition31,391 bbl$2,418,933
Casinghead gasProduction97,833 Mcf$382,786
Total$2,801,719

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 28.6764, -96.7562. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.67641, -96.75620 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
6,710 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
00.0%
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.
1100.0%

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 6,710 ft.

Completions filed
Dec 2023
1 of 1 wells

1 well

42-4693419146,710 ftDec 2023

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 (193)

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

193 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
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 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 201910062.632.75$626
Mar 20190056.803.06$0
Feb 20199223750.852.79$5,340
Jan 201915424846.033.23$7,889
Dec 20181802546.594.19$8,491
Nov 2018110652.934.24$5,848
Oct 201816414461.443.40$10,565
Sep 2018192059.543.11$11,432
Aug 201828013559.403.07$17,046
Jul 2018164765.142.93$10,703
Jun 2018182060.183.08$10,953
May 2018283065.382.90$18,503
Apr 2018297063.842.90$18,960
Mar 2018249061.222.79$15,244
Feb 2018134461.782.77$8,290
Jan 20183931362.874.01$24,760
Dec 20173164557.272.92$18,229
Nov 2017368155.423.12$20,398
Oct 2017407349.292.98$20,070
Sep 20173571647.523.09$17,014
Aug 20174048445.373.00$18,582
Jul 201753723943.873.09$24,296
Jun 201756450642.493.09$25,527
May 201776183245.373.26$37,242
Apr 201720733347.933.21$10,991
Mar 20176512046.772.98$3,398
Feb 20177114650.452.95$4,013
Jan 2017699949.413.42$3,748
Dec 20169424448.763.72$5,492
Nov 20162616142.492.64$1,530
Oct 20166819046.193.09$3,728
Sep 20168637641.553.10$4,739
Aug 20169940341.442.92$5,281
Jul 20167315141.622.92$3,480
Jun 20169317845.352.69$4,696
May 2016952942.521.99$4,097
Apr 2016901736.561.99$3,324
Mar 201690233.011.79$2,974
Feb 20161267626.472.06$3,492
Jan 2016104527.352.36$2,856
Dec 20151031732.362.00$3,367
Nov 2015671938.792.17$2,640
Oct 2015929043.552.43$4,225
Sep 2015897342.992.76$4,027
Aug 2015853940.162.87$3,526
Jul 20151201348.152.95$5,816
Jun 2015942056.152.88$5,336
May 20151191355.212.96$6,608
Apr 2015902449.822.71$4,549
Mar 20151024942.892.93$4,519
Feb 2015765444.662.98$3,555
Jan 2015693043.433.10$3,090
Dec 20141009154.693.59$5,796
Nov 201414112870.464.25$10,479
Oct 201412619178.303.90$10,611
Sep 201412218486.164.05$11,256
Aug 201413120489.394.04$12,533
Jul 201421627096.564.18$21,985
Jun 20141779598.164.74$17,824
May 20149019894.734.73$9,462
Apr 2014685995.944.81$6,808
Mar 20141507595.895.06$14,763
Feb 201441715097.406.19$41,545
Jan 201440519290.404.86$37,545
Dec 201345830391.824.35$43,373
Nov 201341451788.853.74$38,717
Oct 201346550497.423.78$47,205
Sep 2013529405104.113.72$56,580
Aug 2013619451104.253.52$66,119
Jul 2013646534102.523.72$68,213
Jun 201380077194.403.93$78,553
May 20131,2541,97294.834.15$127,099
Apr 20131,7843,34193.964.28$181,933
Mar 20131,7095,30493.623.91$180,750
Feb 20134632,66291.233.42$51,343
Jan 20131101,50291.603.42$15,213
Dec 20121307,79486.773.42$37,937
Nov 2012167086.953.62$14,521
Oct 2012188089.383.40$16,803
Sep 2012157094.672.92$14,863
Aug 2012249092.662.91$23,072
Jul 20122073685.133.02$17,731
Jun 20122551,00379.822.52$22,881
May 20122641,18891.612.49$27,141
Apr 20123171,200101.652.00$34,619
Mar 20123441,047105.052.22$38,464
Feb 20123951,544101.102.57$43,903
Jan 201218662898.092.73$19,962
Dec 20112591196.873.24$5,373
Nov 2011742,83195.723.31$16,458
Oct 2011864,22584.983.65$22,723
Sep 20111494,13283.623.99$28,929
Aug 20112024,96783.404.15$37,456
Jul 20112322,48994.144.52$33,084
Jun 2011671,86992.904.64$14,896
May 20114522,80698.134.40$56,715
Apr 20113572,891105.964.33$50,355
Mar 201139,06696.364.06$37,073
Feb 2011151,18885.644.18$6,250
Jan 20114739986.504.59$5,896
Dec 20107760485.734.35$9,227
Nov 201012153680.843.80$11,816
Oct 201021769278.103.51$19,376
Sep 201041149072.633.98$31,801
Aug 20107471,92673.684.42$63,551
Jul 20101,4495,23772.554.74$129,930
Jun 20102,0106,17970.364.91$171,765
May 20101,2374,33671.124.24$106,339

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.

Apr 2019 — as filed, then multipliedworked
Oil                   10 bbl  × $ 62.63 =       $626
Casinghead gas         0 Mcf  × $  2.75 =         $0

────────────────────────────────────────────────────
Month total                                     $626

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/9431 is the state's own key, not one this site invented.