LEONA UNIT NO. 2

Name: LEONA UNIT NO. 2 lease production and value, Dec 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by COX & PERKINS EXPLORATION, INC. (P-5 183345) in the GRACEY RANCH (WILCOX 9600) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 163020District 03Field 36241465CondensateGasSave Export

Value, all time

$4.9 M

Dec 1996 – Jul 2003

Value, last 12 filed months

$150 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The GRACEY RANCH (WILCOX 9600) 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

1996-12-11

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 1/1/99”

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	16,216 bbl	$309,844
Gas	Production	1,751,399 Mcf	$4,612,251
Total			$4,922,094

21,281 Mcf of this lease's gas, across 1 month, 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 29.4828, -96.3621. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.48282, -96.36210 · 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

9,850 ft

1 wells filed one

Completion to plug

6.6 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 9,850 ft.

Completions filed

Dec 1996

1 of 1 wells

Plug dates filed

Jul 2003

1 of 1 wells

Last completion to plug: a median of 6.6 years across the 1 well that filed both dates, with the middle half between 6.6 years and 6.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-08932014	1-D	9,850 ft	Dec 1996	Jul 2003	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 (80)

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

80 months


Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	73	0	26.67	5.41	$1,947
Mar 2003	0	344	31.14	6.10	$2,097
Feb 2003	0	601	33.48	7.93	$4,763
Jan 2003	0	4,063	30.31	5.58	$22,680
Dec 2002	175	6,054	26.91	4.85	$34,094
Nov 2002	0	6,507	24.66	4.14	$26,919
Oct 2002	0	5,885	26.46	4.23	$24,888
Sep 2002	0	5,218	27.44	3.64	$18,968
Aug 2002	0	4,277	25.96	3.16	$13,533
Jul 2002	0	2,480	24.58	3.06	$7,593
Jun 2002	0	770	23.73	3.34	$2,570
May 2002	190	4,289	24.66	3.58	$20,057
Apr 2002	0	4,141	23.65	3.51	$14,545
Mar 2002	183	4,756	22.00	3.10	$18,783
Feb 2002	0	3,369	18.22	2.38	$8,004
Jan 2002	3	2,861	17.17	2.38	$6,848
Dec 2001	0	5,760	16.93	2.36	$13,619
Nov 2001	0	6,110	18.07	2.41	$14,698
Oct 2001	0	4,982	19.78	2.53	$12,599
Sep 2001	0	951	24.26	2.25	$2,141
Aug 2001	185	2,035	24.87	3.05	$10,814
Jul 2001	0	2,980	23.93	3.20	$9,527
Jun 2001	2	5,265	24.56	3.82	$20,183
May 2001	0	7,277	25.52	4.31	$31,344
Apr 2001	189	3,818	24.68	5.34	$25,035
Mar 2001	0	6,476	24.54	5.38	$34,818
Feb 2001	0	4,448	27.75	5.77	$25,652
Jan 2001	0	2,384	27.47	8.40	$20,023
Dec 2000	0	10,145	26.88	9.12	$92,548
Nov 2000	189	9,933	32.21	5.66	$62,289
Oct 2000	0	14,252	31.23	5.15	$73,334
Sep 2000	0	14,555	31.87	5.19	$75,490
Aug 2000	1	13,287	29.64	4.54	$60,363
Jul 2000	0	14,036	28.53	4.09	$57,404
Jun 2000	188	15,067	29.30	4.40	$71,762
May 2000	0	17,907	27.26	3.68	$65,893
Apr 2000	0	19,034	24.51	3.12	$59,310
Mar 2000	0	19,116	28.42	2.86	$54,667
Feb 2000	0	15,963	27.62	2.73	$43,523
Jan 2000	0	18,947	25.27	2.48	$46,998
Dec 1999	0	19,522	24.28	2.42	$47,316
Nov 1999	347	19,983	23.19	2.43	$56,685
Oct 1999	1	21,545	20.98	2.80	$60,427
Sep 1999	1	20,345	21.75	2.62	$53,302
Aug 1999	0	17,342	19.26	2.88	$49,869
Jul 1999	181	23,664	17.89	2.37	$59,378
Jun 1999	1	16,058	15.94	2.36	$37,947
May 1999	0	15,282	15.79	2.32	$35,470
Apr 1999	1	16,833	15.10	2.21	$37,183
Mar 1999	1	20,605	12.47	1.84	$37,891
Feb 1999	1	18,026	9.98	1.82	$32,777
Jan 1999	356	22,341	10.38	1.90	$46,142
Dec 1998	0	23,674	9.20	1.77	$41,982
Nov 1998	0	21,981	10.89	2.19	$48,044
Oct 1998	356	22,265	12.42	1.97	$48,266
Sep 1998	0	27,420	12.59	2.08	$57,105
Aug 1998	3	28,415	11.30	1.91	$54,231
Jul 1998	365	29,172	11.74	2.24	$69,551
Jun 1998	360	32,934	11.24	2.24	$77,729
May 1998	351	31,449	12.62	2.21	$73,817
Apr 1998	360	33,481	13.04	2.51	$88,575
Mar 1998	350	35,626	12.80	2.31	$86,756
Feb 1998	0	30,851	13.95	2.30	$70,930
Jan 1998	351	33,017	14.70	2.15	$76,304
Dec 1997	718	27,657	16.32	2.41	$78,402
Nov 1997	350	47,160	18.19	3.09	$152,009
Oct 1997	0	22,582	19.25	3.15	$71,129
Sep 1997	357	21,186	17.74	2.95	$68,935
Aug 1997	714	46,585	17.86	2.55	$131,765
Jul 1997	184	39,073	17.58	2.25	$91,029
Jun 1997	4	11,931	17.24	2.26	$27,000
May 1997	1,419	135,432	18.97	2.31	$339,563
Apr 1997	1,794	131,532	17.88	2.08	$306,029
Mar 1997	1,441	137,362	18.95	1.94	$293,671
Feb 1997	1,621	103,464	20.49	2.21	$261,446
Jan 1997	2,535	133,980	23.48	3.54	$533,771
Dec 1996	315	21,281	23.32	—	$7,346

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 2003 — as filed, then multipliedworked

Condensate            73 bbl  × $ 26.67 =     $1,947
Gas                    0 Mcf  × $  5.41 =         $0

────────────────────────────────────────────────────
Month total                                   $1,947

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/163020 is the state's own key, not one this site invented.