PIERCE

Name: PIERCE lease production and value, Nov 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FINLEY RESOURCES, INC. (P-5 268602) in the JONES CREEK (4500) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 162963District 03Field 47127396CondensateGasSave Export

Value, all time

$6.4 M

Nov 1996 – Nov 2006

Value, last 12 filed months

$65 k

at the published price for each month

Months reported

121

no gaps in the span

Streams

condensate, gas

The JONES CREEK (4500) 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 3 leases and 3 wells, and the rule below applies to all of them.

Discovered

1961-07-30

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

The Commission's schedule remark for this field reads: “ONE WELL FIELD EFF 11-96”

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	262 bbl	$9,925
Gas	Production	1,824,293 Mcf	$6,370,017
Total			$6,379,942

30,862 Mcf of this lease's gas, across 2 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 29.2997, -96.2753. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.29967, -96.27533 · 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

5,653 ft

1 wells filed one

Completion to plug

10.0 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 5,653 ft.

Completions filed

Nov 1996

1 of 1 wells

Plug dates filed

Nov 2006

1 of 1 wells

Last completion to plug: a median of 10.0 years across the 1 well that filed both dates, with the middle half between 10.0 years and 10.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-48133839	1	5,653 ft	Nov 1996	Nov 2006	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 (121)

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

121 months


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	192	57.59	7.75	$1,488
Jan 2006	0	4,884	60.59	8.93	$43,630
Dec 2005	0	1,454	54.94	13.42	$19,506
Nov 2005	0	253	54.69	10.59	$2,679
Oct 2005	0	291	58.34	13.80	$4,015
Sep 2005	0	489	61.45	12.08	$5,907
Aug 2005	0	487	61.51	9.80	$4,771
Jul 2005	36	524	55.69	7.84	$6,115
Jun 2005	0	1,080	52.33	7.38	$7,972
May 2005	0	4,158	45.22	6.65	$27,656
Apr 2005	0	5,162	49.20	7.36	$37,995
Mar 2005	0	8,589	50.37	7.15	$61,453
Feb 2005	0	5,939	45.22	6.31	$37,486
Jan 2005	0	10,081	43.16	6.32	$63,734
Dec 2004	0	11,123	39.86	6.75	$75,092
Nov 2004	0	10,440	45.28	6.33	$66,090
Oct 2004	76	12,437	49.70	6.52	$84,806
Sep 2004	0	8,875	43.24	5.28	$46,895
Aug 2004	0	9,627	42.37	5.55	$53,436
Jul 2004	0	10,709	38.28	6.08	$65,155
Jun 2004	0	12,735	36.10	6.43	$81,925
May 2004	0	13,836	37.48	6.49	$89,859
Apr 2004	0	8,824	34.47	5.86	$51,695
Mar 2004	0	10,217	34.36	5.53	$56,501
Feb 2004	0	11,129	32.45	5.51	$61,317
Jan 2004	0	11,403	32.03	6.30	$71,835
Dec 2003	0	12,321	30.26	6.30	$77,643
Nov 2003	0	12,726	28.80	4.60	$58,478
Oct 2003	0	13,299	28.17	4.76	$63,298
Sep 2003	0	10,744	26.31	4.75	$51,027
Aug 2003	0	11,222	29.76	5.13	$57,566
Jul 2003	0	10,752	29.41	5.17	$55,597
Jun 2003	0	10,105	28.56	5.98	$60,458
May 2003	0	10,968	26.59	5.97	$65,508
Apr 2003	0	12,253	26.67	5.41	$66,255
Mar 2003	0	13,838	31.14	6.10	$84,357
Feb 2003	0	12,537	33.48	7.93	$99,367
Jan 2003	0	14,694	30.31	5.58	$82,023
Dec 2002	0	15,151	26.91	4.85	$73,539
Nov 2002	0	15,304	24.66	4.14	$63,312
Oct 2002	0	15,460	26.46	4.23	$65,382
Sep 2002	0	15,391	27.44	3.64	$55,949
Aug 2002	0	12,627	25.96	3.16	$39,954
Jul 2002	0	12,676	24.58	3.06	$38,811
Jun 2002	0	12,782	23.73	3.34	$42,669
May 2002	0	14,275	24.66	3.58	$51,162
Apr 2002	0	14,304	23.65	3.51	$50,240
Mar 2002	0	15,112	22.00	3.10	$46,888
Feb 2002	0	13,810	18.22	2.38	$32,808
Jan 2002	0	14,579	17.17	2.38	$34,635
Dec 2001	0	14,936	16.93	2.36	$35,315
Nov 2001	0	12,403	18.07	2.41	$29,836
Oct 2001	0	15,217	19.78	2.53	$38,482
Sep 2001	0	13,520	24.26	2.25	$30,438
Aug 2001	0	13,681	24.87	3.05	$41,770
Jul 2001	0	15,568	23.93	3.20	$49,772
Jun 2001	0	15,179	24.56	3.82	$58,047
May 2001	0	15,464	25.52	4.31	$66,608
Apr 2001	0	15,064	24.68	5.34	$80,371
Mar 2001	0	14,301	24.54	5.38	$76,888
Feb 2001	0	13,655	27.75	5.77	$78,749
Jan 2001	0	16,691	27.47	8.40	$140,184
Dec 2000	0	17,959	26.88	9.12	$163,831
Nov 2000	0	18,619	32.21	5.66	$105,346
Oct 2000	0	17,934	31.23	5.15	$92,279
Sep 2000	0	16,879	31.87	5.19	$87,543
Aug 2000	0	17,387	29.64	4.54	$78,950
Jul 2000	0	18,064	28.53	4.09	$73,877
Jun 2000	0	15,727	29.30	4.40	$69,156
May 2000	0	18,821	27.26	3.68	$69,257
Apr 2000	0	18,688	24.51	3.12	$58,232
Mar 2000	0	18,569	28.42	2.86	$53,103
Feb 2000	150	18,203	27.62	2.73	$53,773
Jan 2000	0	20,584	25.27	2.48	$51,059
Dec 1999	0	20,738	24.28	2.42	$50,263
Nov 1999	0	20,283	23.19	2.43	$49,369
Oct 1999	0	17,103	20.98	2.80	$47,952
Sep 1999	0	16,970	21.75	2.62	$44,442
Aug 1999	0	17,217	19.26	2.88	$49,509
Jul 1999	0	17,882	17.89	2.37	$42,423
Jun 1999	0	16,068	15.94	2.36	$37,954
May 1999	0	16,552	15.79	2.32	$38,418
Apr 1999	0	16,759	15.10	2.21	$37,005
Mar 1999	0	14,922	12.47	1.84	$27,432
Feb 1999	0	16,001	9.98	1.82	$29,086
Jan 1999	0	20,402	10.38	1.90	$38,763
Dec 1998	0	22,110	9.20	1.77	$39,208
Nov 1998	0	22,798	10.89	2.19	$49,830
Oct 1998	0	24,677	12.42	1.97	$48,594
Sep 1998	0	25,169	12.59	2.08	$52,417
Aug 1998	0	26,846	11.30	1.91	$51,205
Jul 1998	0	26,187	11.74	2.24	$58,587
Jun 1998	0	26,535	11.24	2.24	$59,366
May 1998	0	27,708	12.62	2.21	$61,133
Apr 1998	0	28,061	13.04	2.51	$70,302
Mar 1998	0	29,006	12.80	2.31	$66,988
Feb 1998	0	25,801	13.95	2.30	$59,320
Jan 1998	0	29,528	14.70	2.15	$63,627
Dec 1997	0	27,013	16.32	2.41	$65,131
Nov 1997	0	29,443	18.19	3.09	$90,928
Oct 1997	0	30,223	19.25	3.15	$95,197
Sep 1997	0	30,045	17.74	2.95	$88,779
Aug 1997	0	32,143	17.86	2.55	$82,117
Jul 1997	0	33,729	17.58	2.25	$75,787
Jun 1997	0	32,592	17.24	2.26	$73,567
May 1997	0	34,221	18.97	2.31	$78,999
Apr 1997	0	32,937	17.88	2.08	$68,601
Mar 1997	0	34,801	18.95	1.94	$67,484
Feb 1997	0	31,634	20.49	2.21	$69,781
Jan 1997	0	34,346	23.48	3.54	$121,575
Dec 1996	0	26,581	23.32	—	$0
Nov 1996	0	4,281	21.97	—	$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.

Feb 2006 — as filed, then multipliedworked

Condensate             0 bbl  × $ 57.59 =         $0
Gas                  192 Mcf  × $  7.75 =     $1,488

────────────────────────────────────────────────────
Month total                                   $1,488

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/162963 is the state's own key, not one this site invented.