PENICK, ALMA L.

Operated by MAGNUM PRODUCING, LP (P-5 521516) in the ROCK ISLAND, W. (WILCOX 10,000) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 128383District 03Field 776156502 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.6 M
Jan 1993 – Sep 2010
Value, last 12 filed months
$49 k
at the published price for each month
Months reported
213
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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered
1975-11-19
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

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 Gas112003-11-13153815
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
CondensateDisposition22,327 bbl$742,816
GasProduction859,517 Mcf$3,827,208
Total$4,570,024

127,132 Mcf of this lease's gas, across 27 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 29.5212, -96.5887. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.52119, -96.58869 · 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
10,250 ft
1 wells filed one
Completion to plug
16.8 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 10,250 ft.

Completions filed
May 1994
1 of 1 wells
Plug dates filed
Mar 2011
1 of 1 wells

Last completion to plug: a median of 16.8 years across the 1 well that filed both dates, with the middle half between 16.8 years and 16.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-08930345110,250 ftMay 1994Mar 2011Yes

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 (213)

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

213 months

Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 2010139081.694.12$11,355
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 201002874.365.96$167
Dec 2009161,60671.445.48$9,950
Nov 2009131,56274.593.75$6,830
Oct 20091841,67272.544.11$20,220
Sep 200911,62865.543.06$5,055
Aug 200921,65167.423.22$5,449
Jul 200921,56761.133.46$5,551
Jun 20091721,69066.163.90$17,962
May 200991,95054.743.93$8,148
Apr 200951,08946.773.59$4,141
Mar 20090042.144.06$0
Feb 2009013932.814.63$644
Jan 20091841,00735.865.37$12,007
Dec 2008131,58237.105.98$9,938
Nov 200841,57255.496.86$11,006
Oct 200841,59075.246.92$11,307
Sep 200821,513101.767.88$12,122
Aug 200861,977114.228.48$17,456
Jul 20081922,769131.0811.39$56,705
Jun 200812,695131.3313.03$35,254
May 20081903,076123.1711.57$59,005
Apr 2008202,940110.3110.45$32,943
Mar 20081335101.909.66$3,339
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20071883,71388.337.30$43,718
Nov 20071966,68191.677.29$66,683
Oct 200765,97282.856.92$41,835
Sep 20071906,95175.846.24$57,813
Aug 2007135,87169.066.39$38,401
Jul 20072016,11270.906.39$53,294
Jun 20071935,51262.007.55$53,573
May 200765,36258.747.85$42,424
Apr 20073835,84459.617.81$68,444
Mar 2007156,59256.927.30$48,988
Feb 2007136,13755.108.22$51,138
Jan 20072045,95150.306.73$50,293
Dec 20062046,58856.656.92$57,135
Nov 20061926,38354.207.62$59,029
Oct 2006186,86554.906.01$42,273
Sep 20061975,88460.085.04$41,475
Aug 20061884,72168.717.34$47,569
Jul 200695,17069.376.34$33,416
Jun 20061825,04166.286.38$44,244
May 20062025,59166.016.42$49,256
Apr 200614,84364.397.36$35,711
Mar 2006155,78756.707.08$41,839
Feb 20061864,87557.597.75$48,498
Jan 200605,28960.598.93$47,248
Dec 200585,51554.9413.42$74,425
Nov 20051905,21854.6910.59$65,641
Oct 20051955,31558.3413.80$84,701
Sep 200514,31561.4512.08$52,182
Aug 200575,12861.519.80$50,669
Jul 20051965,15755.697.84$51,365
Jun 200565,39852.337.38$40,157
May 20051935,96145.226.65$48,375
Apr 20051806,26049.207.36$54,933
Mar 20051857,91150.377.15$65,921
Feb 20051975,69645.226.31$44,861
Jan 200537,73743.166.32$49,044
Dec 20043487,84139.866.75$66,807
Nov 20042007,91545.286.33$59,161
Oct 200407,86949.706.52$51,267
Sep 20041747,30143.245.28$46,102
Aug 20041818,04242.375.55$52,307
Jul 20041868,24338.286.08$57,272
Jun 20041276,86436.106.43$48,741
May 20041947,36437.486.49$55,097
Apr 20041887,01134.475.86$47,554
Mar 20041707,09834.365.53$45,094
Feb 2004106,29432.455.51$35,002
Jan 20041886,62332.036.30$47,744
Dec 20031897,59930.266.30$53,605
Nov 20031617,53328.804.60$39,252
Oct 2003116,72028.174.76$32,295
Sep 20031826,79926.314.75$37,079
Aug 20031766,62029.765.13$39,197
Jul 20031876,64929.415.17$39,881
Jun 20031947,30328.565.98$49,234
May 2003287,38826.595.97$44,871
Apr 200374,93626.675.41$26,877
Mar 200333,16931.146.10$19,412
Feb 2003162,13333.487.93$17,442
Jan 200331,68730.315.58$9,508
Dec 20021026.914.85$27
Nov 2002156224.664.14$2,350
Oct 200217864626.464.23$7,442
Sep 2002252627.443.64$1,967
Aug 200202,48925.963.16$7,876
Jul 200222,77224.583.06$8,536
Jun 20021553,24823.733.34$14,521
May 200245,21824.663.58$18,800
Apr 20021694,61323.653.51$20,199
Mar 20021905,34922.003.10$20,776
Feb 200225,71918.222.38$13,623
Jan 2002846,00517.172.38$15,708
Dec 200146,13616.932.36$14,576
Nov 20011874,81218.072.41$14,954
Oct 200126,48419.782.53$16,437
Sep 20011656,71924.262.25$19,130
Aug 200137,19624.873.05$22,045
Jul 20011907,23223.933.20$27,668
Jun 20013637,37124.563.82$37,103
May 200107,45725.524.31$32,120
Apr 200137,07024.685.34$37,795
Mar 20011827,93224.545.38$47,112
Feb 20011747,79327.755.77$49,771
Jan 20011607,54127.478.40$67,730
Dec 200004,55526.889.12$41,553
Nov 20003525,08232.215.66$40,092
Oct 20001644,21431.235.15$26,805
Sep 20001864,49031.875.19$29,215
Aug 200084,81529.644.54$22,101
Jul 20001914,54628.534.09$24,041
Jun 20001644,04329.304.40$22,583
May 200014,25327.263.68$15,677
Apr 20001894,08224.513.12$17,352
Mar 20001804,28928.422.86$17,381
Feb 20001703,90727.622.73$15,348
Jan 200024,56225.272.48$11,367
Dec 19991804,68624.282.42$15,728
Nov 19991824,11523.192.43$14,236
Oct 199914,13720.982.80$11,620
Sep 19991834,53021.752.62$15,844
Aug 19991834,82219.262.88$17,391
Jul 19991824,69217.892.37$14,387
Jun 19991784,36115.942.36$13,138
May 199924,63415.792.32$10,787
Apr 19991894,68115.102.21$13,190
Mar 19991884,94412.471.84$11,433
Feb 19991814,2319.981.82$9,497
Jan 199914,70910.381.90$8,957
Dec 19981055,0499.201.77$9,919
Nov 19983743,81710.892.19$12,416
Oct 19981764,91412.421.97$11,863
Sep 199884,53712.592.08$9,550
Aug 19981774,43211.301.91$10,453
Jul 19981684,01811.742.24$10,962
Jun 19981894,26311.242.24$11,662
May 199853,99212.622.21$8,871
Apr 19981784,16913.042.51$12,766
Mar 19981954,26712.802.31$12,350
Feb 19981903,82013.952.30$11,433
Jan 199804,36514.702.15$9,406
Dec 19972104,56816.322.41$14,441
Nov 19971895,11218.193.09$19,225
Oct 19971864,20019.253.15$16,810
Sep 199704,18417.742.95$12,363
Aug 19971904,40217.862.55$14,639
Jul 19971924,38617.582.25$13,230
Jun 19971853,02617.242.26$10,020
May 199723,72318.972.31$8,632
Apr 19971853,39417.882.08$10,377
Mar 19971923,92618.951.94$11,251
Feb 19971894,11020.492.21$12,939
Jan 19971907,45623.483.54$30,853
Dec 199607,95223.32$0
Nov 19961967,32321.97$4,306
Oct 19961876,25023.31$4,359
Sep 19961996,96922.22$4,422
Aug 19961926,09720.26$3,890
Jul 19963736,32219.55$7,292
Jun 1996236,67018.73$431
May 19963834,32219.43$7,442
Apr 19961804,02921.51$3,872
Mar 199654,12619.38$97
Feb 19961994,02716.98$3,379
Jan 19961944,84117.07$3,312
Dec 19951944,77617.19$3,335
Nov 19953803,76016.00$6,080
Oct 19951884,90715.43$2,901
Sep 19951884,90116.18$3,042
Aug 19951803,73715.92$2,866
Jul 19950015.24$0
Jun 19954016.41$66
May 19951017.56$18
Apr 1995026617.73$0
Mar 19950016.44$0
Feb 19951822,33016.58$3,018
Jan 199561,56115.92$96
Dec 1994162,81215.03$240
Nov 19941841,08415.90$2,926
Oct 19941864,32015.58$2,898
Sep 19941835,74915.29$2,798
Aug 19941925,75216.13$3,097
Jul 19943127,65317.56$5,479
Jun 199414,59617.09$17
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 19930015.46$0
Jun 19930016.79$0
May 19930017.68$0
Apr 19930018.05$0
Mar 19930018.14$0
Feb 19930017.90$0
Jan 19930016.93$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.

Apr 2010 — as filed, then multipliedworked
Condensate           139 bbl  × $ 81.69 =    $11,355
Gas                    0 Mcf  × $  4.12 =         $0

────────────────────────────────────────────────────
Month total                                  $11,355

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. 03/G/128383 is the state's own key, not one this site invented.