PIERCE

Operated by KAISER-FRANCIS OIL COMPANY (P-5 450175) in the JONES CREEK, NORTH (WILCOX) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 179481District 03Field 47130475CondensateGasSave
Value, all time
$18.5 M
Sep 2000 – Mar 2011
Value, last 12 filed months
$22 k
at the published price for each month
Months reported
127
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
CondensateDisposition117,532 bbl$3,417,411
GasProduction2,899,112 Mcf$15,077,870
Total$18,495,281

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 29.3065, -96.2782. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.30649, -96.27821 · 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
12,589 ft
1 wells filed one
Completion to plug
9.8 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 12,589 ft.

Completions filed
Sep 2000
1 of 1 wells
Plug dates filed
Jun 2010
1 of 1 wells

Last completion to plug: a median of 9.8 years across the 1 well that filed both dates, with the middle half between 9.8 years and 9.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-48134223112,589 ftSep 2000Jun 2010Yes

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 (127)

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

127 months

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 2010108070.364.91$7,599
May 201017824771.124.24$13,705
Apr 2010028681.694.12$1,179
Mar 2010030578.394.39$1,339
Feb 2010031473.585.44$1,709
Jan 2010030974.365.96$1,843
Dec 2009036171.445.48$1,980
Nov 2009033974.593.75$1,272
Oct 2009060272.544.11$2,474
Sep 2009023765.543.06$726
Aug 2009028567.423.22$917
Jul 2009045861.133.46$1,587
Jun 2009074266.163.90$2,890
May 2009056054.743.93$2,198
Apr 200901,06746.773.59$3,828
Mar 2009068842.144.06$2,793
Feb 2009084932.814.63$3,933
Jan 2009034135.865.37$1,832
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 200801,43075.246.92$9,898
Sep 20080288101.767.88$2,269
Aug 20080643114.228.48$5,455
Jul 200801,771131.0811.39$20,171
Jun 20080578131.3313.03$7,533
May 200800123.1711.57$0
Apr 20080451110.3110.45$4,715
Mar 20080291101.909.66$2,812
Feb 2008060092.538.77$5,262
Jan 200801,53590.388.21$12,596
Dec 2007040288.337.30$2,935
Nov 200702,98091.677.29$21,729
Oct 20071634,09682.856.92$41,857
Sep 200703,14475.846.24$19,632
Aug 200705,88869.066.39$37,612
Jul 20074077,33270.906.39$75,693
Jun 20071937,18562.007.55$66,202
May 20072177,99158.747.85$75,446
Apr 20072247,64859.617.81$73,047
Mar 20072007,98456.927.30$69,683
Feb 20072467,41455.108.22$74,468
Jan 20073827,76450.306.73$71,442
Dec 20062257,98656.656.92$67,997
Nov 20061228,01954.207.62$67,697
Oct 20063668,64154.906.01$72,059
Sep 20063639,27460.085.04$68,524
Aug 20061868,64968.717.34$76,263
Jul 20063418,87569.376.34$79,947
Jun 20063946,21466.286.38$65,784
May 20062059,47066.016.42$74,377
Apr 20062666,13564.397.36$62,284
Mar 20064139,61256.707.08$91,498
Feb 20061849,25757.597.75$82,349
Jan 20063989,96060.598.93$113,091
Dec 200540310,16554.9413.42$158,508
Nov 20052179,73854.6910.59$114,978
Oct 20053879,95558.3413.80$159,914
Sep 200521310,58261.4512.08$140,909
Aug 200540213,27061.519.80$154,731
Jul 200536813,45255.697.84$126,007
Jun 200558013,13652.337.38$127,309
May 200536613,93045.226.65$109,201
Apr 200539712,90549.207.36$114,519
Mar 200561114,23150.377.15$132,597
Feb 200520813,28245.226.31$93,241
Jan 200559214,99043.166.32$120,321
Dec 200439114,37239.866.75$112,612
Nov 200457515,56445.286.33$124,563
Oct 200439316,90149.706.52$129,644
Sep 200460515,81843.245.28$109,741
Aug 200475113,51642.375.55$106,843
Jul 200424313,43538.286.08$91,043
Jun 200460214,70236.106.43$116,310
May 200444212,17037.486.49$95,605
Apr 200485115,48534.475.86$120,052
Mar 200443916,22234.365.53$104,794
Feb 200460514,36932.455.51$98,800
Jan 200473117,54232.036.30$133,922
Dec 200344614,43830.266.30$104,479
Nov 200363816,57028.804.60$94,516
Oct 200372818,37228.174.76$107,952
Sep 200360119,21026.314.75$107,048
Aug 200371620,93129.765.13$128,678
Jul 200393521,75929.415.17$140,011
Jun 200377522,03228.565.98$153,951
May 200356323,87926.595.97$157,592
Apr 200392124,66726.675.41$157,944
Mar 200393227,46331.146.10$196,438
Feb 200373420,61333.487.93$187,950
Jan 200390924,53230.315.58$164,490
Dec 200291427,70826.914.85$159,084
Nov 20021,10528,72124.664.14$146,067
Oct 20021,2644,67126.464.23$53,200
Sep 20021,25634,23327.443.64$158,908
Aug 20021,60739,77725.963.16$167,579
Jul 20021,43842,01624.583.06$163,989
Jun 20021,61642,59823.733.34$180,550
May 20021,61443,20024.663.58$194,630
Apr 20021,96847,26223.653.51$212,542
Mar 20021,99452,02222.003.10$205,278
Feb 20021,83351,76818.222.38$156,381
Jan 20022,53460,16817.172.38$186,449
Dec 20012,69966,20716.932.36$202,234
Nov 20012,69468,36618.072.41$213,136
Oct 20012,88980,87319.782.53$261,663
Sep 20013,19682,57724.262.25$263,442
Aug 20013,37393,45224.873.05$369,210
Jul 20013,596103,62323.933.20$417,343
Jun 20014,426111,82924.563.82$536,355
May 20014,877125,95825.524.31$667,002
Apr 20015,711137,66224.685.34$875,418
Mar 20016,857150,81224.545.38$979,102
Feb 20016,681137,64527.755.77$979,207
Jan 20018,355159,31727.478.40$1,567,577
Dec 20008,174157,72226.889.12$1,658,536
Nov 20005,590105,95832.215.66$779,564
Oct 20003,22066,36931.235.15$442,062
Sep 200004,90331.875.19$25,429

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.

Jun 2010 — as filed, then multipliedworked
Condensate           108 bbl  × $ 70.36 =     $7,599
Gas                    0 Mcf  × $  4.91 =         $0

────────────────────────────────────────────────────
Month total                                   $7,599

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/179481 is the state's own key, not one this site invented.