IP FARMS "PG" UNIT

Name: IP FARMS "PG" UNIT lease production and value, Sep 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KIAWAH RESOURCES, LLC (P-5 458819) in the PEGASUS GULF COAST (GRUBBS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 160438District 03Field 70292210CondensateGasSave Export

Value, all time

$4.8 M

Sep 1996 – Apr 2015

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

224

no gaps in the span

Streams

condensate, gas

The PEGASUS GULF COAST (GRUBBS) field

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 7 leases and 7 wells, and the rule below applies to all of them.

Discovered

1996-01-04

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 12/01/97.”

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.

Stream	Basis	Volume	Value
Condensate	Disposition	105,347 bbl	$2,196,949
Gas	Production	859,967 Mcf	$2,558,525
Total			$4,755,474

58,511 Mcf of this lease's gas, across 4 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 29.2389, -95.1612. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.23891, -95.16121 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

12,900 ft

1 wells filed one

Completion to plug

8.5 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 12,900 ft.

Completions filed

Nov 2005

1 of 1 wells

Plug dates filed

May 2014

1 of 1 wells

Last completion to plug: a median of 8.5 years across the 1 well that filed both dates, with the middle half between 8.5 years and 8.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-03932582	3	12,900 ft	Nov 2005	May 2014	Yes

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 (224)

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

224 months


Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	55	0	44.66	2.98	$2,456
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	14	15	54.69	10.59	$924
Oct 2005	23	25	58.34	13.80	$1,687
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	85	28.80	4.60	$391
Oct 2003	64	0	28.17	4.76	$1,803
Sep 2003	1	28	26.31	4.75	$159
Aug 2003	1	10	29.76	5.13	$81
Jul 2003	18	53	29.41	5.17	$803
Jun 2003	790	6,333	28.56	5.98	$60,452
May 2003	1,138	7,161	26.59	5.97	$73,030
Apr 2003	871	7,024	26.67	5.41	$61,210
Mar 2003	941	6,901	31.14	6.10	$71,372
Feb 2003	798	6,400	33.48	7.93	$77,443
Jan 2003	808	6,800	30.31	5.58	$62,448
Dec 2002	1,116	7,489	26.91	4.85	$66,381
Nov 2002	926	7,610	24.66	4.14	$54,317
Oct 2002	1,178	7,864	26.46	4.23	$64,428
Sep 2002	966	8,104	27.44	3.64	$55,967
Aug 2002	975	7,907	25.96	3.16	$50,330
Jul 2002	1,157	7,818	24.58	3.06	$52,376
Jun 2002	953	7,947	23.73	3.34	$49,144
May 2002	1,111	8,148	24.66	3.58	$56,600
Apr 2002	1,001	7,996	23.65	3.51	$51,758
Mar 2002	1,150	7,690	22.00	3.10	$49,160
Feb 2002	994	6,605	18.22	2.38	$33,802
Jan 2002	1,192	8,347	17.17	2.38	$40,296
Dec 2001	977	8,715	16.93	2.36	$37,146
Nov 2001	1,086	7,996	18.07	2.41	$38,859
Oct 2001	1,136	8,453	19.78	2.53	$43,847
Sep 2001	1,147	8,266	24.26	2.25	$46,436
Aug 2001	1,110	8,525	24.87	3.05	$53,634
Jul 2001	1,129	9,202	23.93	3.20	$56,437
Jun 2001	1,136	8,676	24.56	3.82	$61,079
May 2001	1,121	8,982	25.52	4.31	$67,296
Apr 2001	1,137	8,465	24.68	5.34	$73,225
Mar 2001	1,328	8,784	24.54	5.38	$79,816
Feb 2001	974	7,863	27.75	5.77	$72,375
Jan 2001	1,340	9,089	27.47	8.40	$113,146
Dec 2000	1,120	9,196	26.88	9.12	$113,996
Nov 2000	1,209	9,035	32.21	5.66	$90,062
Oct 2000	1,199	9,540	31.23	5.15	$86,533
Sep 2000	1,130	9,233	31.87	5.19	$83,900
Aug 2000	1,145	9,667	29.64	4.54	$77,833
Jul 2000	1,330	9,826	28.53	4.09	$78,131
Jun 2000	1,247	9,524	29.30	4.40	$78,417
May 2000	1,349	9,587	27.26	3.68	$72,052
Apr 2000	1,116	10,168	24.51	3.12	$59,037
Mar 2000	1,178	9,114	28.42	2.86	$59,543
Feb 2000	1,312	8,917	27.62	2.73	$60,550
Jan 2000	1,209	10,137	25.27	2.48	$55,696
Dec 1999	1,228	9,721	24.28	2.42	$53,377
Nov 1999	1,360	9,650	23.19	2.43	$55,026
Oct 1999	1,207	9,982	20.98	2.80	$53,309
Sep 1999	1,276	9,983	21.75	2.62	$53,897
Aug 1999	1,373	10,763	19.26	2.88	$57,394
Jul 1999	1,222	10,032	17.89	2.37	$45,661
Jun 1999	1,203	10,468	15.94	2.36	$43,902
May 1999	1,378	10,939	15.79	2.32	$47,148
Apr 1999	1,203	10,703	15.10	2.21	$41,798
Mar 1999	1,534	11,563	12.47	1.84	$40,386
Feb 1999	1,000	10,040	9.98	1.82	$28,231
Jan 1999	1,352	11,639	10.38	1.90	$36,147
Dec 1998	1,590	11,737	9.20	1.77	$35,441
Nov 1998	1,177	9,935	10.89	2.19	$34,533
Oct 1998	1,373	11,332	12.42	1.97	$39,368
Sep 1998	1,404	11,136	12.59	2.08	$40,868
Aug 1998	1,310	11,875	11.30	1.91	$37,453
Jul 1998	1,477	12,525	11.74	2.24	$45,362
Jun 1998	1,343	12,345	11.24	2.24	$42,714
May 1998	1,508	13,082	12.62	2.21	$47,894
Apr 1998	1,527	11,963	13.04	2.51	$49,883
Mar 1998	1,739	12,545	12.80	2.31	$51,231
Feb 1998	1,155	13,916	13.95	2.30	$48,107
Jan 1998	1,586	13,532	14.70	2.15	$52,473
Dec 1997	1,682	13,925	16.32	2.41	$61,025
Nov 1997	1,536	13,181	18.19	3.09	$68,646
Oct 1997	1,621	14,858	19.25	3.15	$78,004
Sep 1997	1,755	13,529	17.74	2.95	$71,110
Aug 1997	1,628	14,586	17.86	2.55	$66,340
Jul 1997	1,649	15,709	17.58	2.25	$64,287
Jun 1997	1,605	14,637	17.24	2.26	$60,709
May 1997	1,806	15,130	18.97	2.31	$69,187
Apr 1997	1,777	15,136	17.88	2.08	$63,298
Mar 1997	1,810	16,169	18.95	1.94	$65,653
Feb 1997	1,669	15,313	20.49	2.21	$67,977
Jan 1997	1,762	16,557	23.48	3.54	$99,979
Dec 1996	1,887	17,069	23.32	—	$44,005
Nov 1996	1,967	17,867	21.97	—	$43,215
Oct 1996	2,121	21,072	23.31	—	$49,441
Sep 1996	141	2,503	22.22	—	$3,133

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.

Feb 2015 — as filed, then multipliedworked

Condensate            55 bbl  × $ 44.66 =     $2,456
Gas                    0 Mcf  × $  2.98 =         $0

────────────────────────────────────────────────────
Month total                                   $2,456

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/160438 is the state's own key, not one this site invented.