STATE OF TEXAS

Operated by REEF EXPLORATION, L.P. (P-5 697952) in the TREASURE ISLE (BIG GAS SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 159433District 03Field 91016050CondensateGasSave
Value, all time
$22.0 M
Oct 1995 – Apr 2013
Value, last 12 filed months
$0
at the published price for each month
Months reported
211
no gaps in the span
Streams
2
condensate, 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
CondensateDisposition61,750 bbl$1,201,846
GasProduction9,160,815 Mcf$20,761,500
Total$21,963,347

2,036,633 Mcf of this lease's gas, across 15 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 29.2701, -95.0032. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.27009, -95.00321 · 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
14,036 ft
1 wells filed one
Completion to plug
17.5 years
median over 1 wells

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 14,036 ft.

Completions filed
Oct 1995
1 of 1 wells
Plug dates filed
Apr 2013
1 of 1 wells

Last completion to plug: a median of 17.5 years across the 1 well that filed both dates, with the middle half between 17.5 years and 17.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-16731260114,036 ftOct 1995Apr 2013Yes

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 (211)

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

211 months

Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
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 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 200325028.174.76$704
Sep 200302,80226.314.75$13,308
Aug 200327347,71129.765.13$252,869
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 2003222,06826.675.41$11,769
Mar 200331434,12831.146.10$217,824
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 2002437,47126.464.23$32,734
Sep 200210626,54427.443.64$99,401
Aug 200212136,37225.963.16$118,228
Jul 200216042,64924.583.06$134,514
Jun 200221743,18423.733.34$149,308
May 200224449,01124.663.58$181,672
Apr 200222946,75923.653.51$169,648
Mar 200222552,57822.003.10$168,085
Feb 200230551,49418.222.38$127,890
Jan 200228958,09817.172.38$142,984
Dec 200137554,34316.932.36$134,837
Nov 200134849,05318.072.41$124,286
Oct 200131551,68619.782.53$136,938
Sep 200135651,84224.262.25$125,349
Aug 200137756,21624.873.05$181,012
Jul 200144554,73923.933.20$185,654
Jun 200145555,49424.563.82$223,393
May 200144456,40125.524.31$254,268
Apr 200142853,38724.685.34$295,400
Mar 200150756,62124.545.38$316,861
Feb 200152164,16827.755.77$384,520
Jan 200157184,50927.478.40$725,456
Dec 200060384,40626.889.12$786,202
Nov 200054779,58732.215.66$467,922
Oct 200060684,19531.235.15$452,151
Sep 200056087,99831.875.19$474,249
Aug 200057481,74729.644.54$388,206
Jul 200055876,77028.534.09$329,890
Jun 200055176,25329.304.40$351,448
May 200057465,37827.263.68$256,222
Apr 200052962,94124.513.12$209,090
Mar 200064365,12628.422.86$204,518
Feb 200066769,34727.622.73$207,497
Jan 200068077,65025.272.48$209,794
Dec 199964880,33424.282.42$210,441
Nov 199964074,47523.192.43$196,113
Oct 199962077,47320.982.80$230,219
Sep 199940566,07221.752.62$181,841
Aug 199953176,85219.262.88$231,223
Jul 199947679,50717.892.37$197,136
Jun 199953369,51515.942.36$172,697
May 199948574,85015.792.32$181,387
Apr 199961990,38615.102.21$208,924
Mar 1999750105,87912.471.84$203,993
Feb 199963974,2179.981.82$141,288
Jan 19990010.381.90$0
Dec 1998896115,6569.201.77$213,338
Nov 1998787142,24410.892.19$319,476
Oct 1998962157,78112.421.97$322,652
Sep 1998756138,60612.592.08$298,182
Aug 1998782150,35111.301.91$295,609
Jul 1998778149,31211.742.24$343,185
Jun 1998942170,07611.242.24$391,094
May 1998972174,60112.622.21$397,496
Apr 19981,022175,19913.042.51$452,258
Mar 19981,101185,13512.802.31$441,651
Feb 19981,101180,30113.952.30$429,894
Jan 19981,276202,37614.702.15$454,835
Dec 19971,341197,31016.322.41$497,619
Nov 19971,385191,78318.193.09$617,469
Oct 19971,138162,34519.253.15$533,264
Sep 19971,346172,90317.742.95$534,786
Aug 19971,286195,90017.862.55$523,442
Jul 19971,409205,58717.582.25$486,712
Jun 19971,318187,42517.242.26$445,778
May 19971,328191,77018.972.31$467,893
Apr 19971,275185,44117.882.08$409,030
Mar 19971,263174,73918.951.94$362,777
Feb 19971,225173,04220.492.21$406,814
Jan 19971,147174,01323.483.54$642,885
Dec 19961,179176,61223.32$27,494
Nov 19961,109172,16221.97$24,365
Oct 19961,059173,22823.31$24,685
Sep 1996907160,18322.22$20,154
Aug 19961,029172,61020.26$20,848
Jul 1996994154,56119.55$19,433
Jun 1996962157,10618.73$18,018
May 19961,200177,04619.43$23,316
Apr 1996942136,15821.51$20,262
Mar 1996750116,91619.38$14,535
Feb 1996903115,10716.98$15,333
Jan 199692583,66917.07$15,790
Dec 199580496,71017.19$13,821
Nov 199568796,90116.00$10,992
Oct 199531147,66415.43$4,799

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.

Oct 2003 — as filed, then multipliedworked
Condensate            25 bbl  × $ 28.17 =       $704
Gas                    0 Mcf  × $  4.76 =         $0

────────────────────────────────────────────────────
Month total                                     $704

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/159433 is the state's own key, not one this site invented.