PIPKIN RANCH

Name: PIPKIN RANCH lease production and value, Feb 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by GOLDSTON OIL CORPORATION (P-5 313990) in the SKI A BASIN (FRIO 2) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 182396District 03Field 83898200CondensateGasSave Export

Value, all time

$13.7 M

Feb 2001 – Apr 2011

Value, last 12 filed months

$20 k

at the published price for each month

Months reported

123

no gaps in the span

Streams

condensate, gas

The SKI A BASIN (FRIO 2) 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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered

2001-02-08

as the register files it

Field class

Gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 2003-01-21.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 10/01/2010.”

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	8,504 bbl	$315,663
Gas	Production	2,530,830 Mcf	$13,426,080
Total			$13,741,743

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 29.7327, -94.3137. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.73267, -94.31368 · 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

10,480 ft

1 wells filed one

Completion to plug

10.2 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 10,480 ft.

Completions filed

Feb 2001

1 of 1 wells

Plug dates filed

Apr 2011

1 of 1 wells

Last completion to plug: a median of 10.2 years across the 1 well that filed both dates, with the middle half between 10.2 years and 10.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-24532268	1	10,480 ft	Feb 2001	Apr 2011	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 (123)

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

123 months


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	1,301	73.68	4.42	$5,750
Jul 2010	0	1,193	72.55	4.74	$5,651
Jun 2010	0	300	70.36	4.91	$1,473
May 2010	0	1,771	71.12	4.24	$7,501
Apr 2010	0	606	81.69	4.12	$2,498
Mar 2010	0	1,641	78.39	4.39	$7,202
Feb 2010	1	1,593	73.58	5.44	$8,743
Jan 2010	25	2,410	74.36	5.96	$16,232
Dec 2009	0	1,172	71.44	5.48	$6,427
Nov 2009	0	1,602	74.59	3.75	$6,010
Oct 2009	0	2,276	72.54	4.11	$9,355
Sep 2009	0	1,855	65.54	3.06	$5,685
Aug 2009	0	1,485	67.42	3.22	$4,779
Jul 2009	0	2,740	61.13	3.46	$9,493
Jun 2009	0	1,465	66.16	3.90	$5,706
May 2009	0	1,417	54.74	3.93	$5,563
Apr 2009	0	2,088	46.77	3.59	$7,491
Mar 2009	0	3,419	42.14	4.06	$13,878
Feb 2009	0	4,378	32.81	4.63	$20,283
Jan 2009	0	3,655	35.86	5.37	$19,631
Dec 2008	0	5,744	37.10	5.98	$34,333
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	120	2,879	101.76	7.88	$34,889
Aug 2008	0	5,244	114.22	8.48	$44,485
Jul 2008	0	9,058	131.08	11.39	$103,165
Jun 2008	0	7,452	131.33	13.03	$97,119
May 2008	0	11,832	123.17	11.57	$136,947
Apr 2008	0	12,541	110.31	10.45	$131,114
Mar 2008	169	13,442	101.90	9.66	$147,126
Feb 2008	0	11,397	92.53	8.77	$99,958
Jan 2008	0	12,193	90.38	8.21	$100,052
Dec 2007	0	10,641	88.33	7.30	$77,700
Nov 2007	0	3,476	91.67	7.29	$25,346
Oct 2007	0	6,048	82.85	6.92	$41,864
Sep 2007	0	9,407	75.84	6.24	$58,739
Aug 2007	192	12,985	69.06	6.39	$96,207
Jul 2007	0	9,195	70.90	6.39	$58,737
Jun 2007	0	11,907	62.00	7.55	$89,879
May 2007	0	14,453	58.74	7.85	$113,402
Apr 2007	0	14,875	59.61	7.81	$116,102
Mar 2007	0	16,017	56.92	7.30	$116,956
Feb 2007	190	15,275	55.10	8.22	$135,968
Jan 2007	0	18,125	50.30	6.73	$121,924
Dec 2006	2	19,645	56.65	6.92	$136,026
Nov 2006	1	19,518	54.20	7.62	$148,732
Oct 2006	181	21,168	54.90	6.01	$137,237
Sep 2006	0	21,586	60.08	5.04	$108,733
Aug 2006	0	23,107	68.71	7.34	$169,604
Jul 2006	185	23,957	69.37	6.34	$164,787
Jun 2006	182	24,555	66.28	6.38	$168,819
May 2006	0	26,552	66.01	6.42	$170,597
Apr 2006	190	27,362	64.39	7.36	$213,632
Mar 2006	0	31,781	56.70	7.08	$225,102
Feb 2006	188	26,100	57.59	7.75	$213,131
Jan 2006	1	1	60.59	8.93	$70
Dec 2005	1	1	54.94	13.42	$68
Nov 2005	0	2,120	54.69	10.59	$22,447
Oct 2005	0	29,203	58.34	13.80	$402,878
Sep 2005	0	21,991	61.45	12.08	$265,629
Aug 2005	3	29,480	61.51	9.80	$288,995
Jul 2005	339	24,486	55.69	7.84	$210,938
Jun 2005	0	25,554	52.33	7.38	$188,615
May 2005	186	26,484	45.22	6.65	$184,560
Apr 2005	1	22,960	49.20	7.36	$169,046
Mar 2005	0	24,166	50.37	7.15	$172,905
Feb 2005	187	24,937	45.22	6.31	$165,856
Jan 2005	1	25,733	43.16	6.32	$162,732
Dec 2004	1	25,378	39.86	6.75	$171,369
Nov 2004	2	25,861	45.28	6.33	$163,802
Oct 2004	344	27,572	49.70	6.52	$196,731
Sep 2004	1	28,046	43.24	5.28	$148,236
Aug 2004	353	30,884	42.37	5.55	$186,383
Jul 2004	0	30,077	38.28	6.08	$182,994
Jun 2004	196	27,942	36.10	6.43	$186,827
May 2004	0	24,902	37.48	6.49	$161,728
Apr 2004	200	25,624	34.47	5.86	$157,011
Mar 2004	0	26,755	34.36	5.53	$147,959
Feb 2004	0	22,597	32.45	5.51	$124,501
Jan 2004	362	23,701	32.03	6.30	$160,903
Dec 2003	0	23,514	30.26	6.30	$148,177
Nov 2003	0	23,872	28.80	4.60	$109,696
Oct 2003	0	26,756	28.17	4.76	$127,349
Sep 2003	356	26,463	26.31	4.75	$135,049
Aug 2003	0	28,963	29.76	5.13	$148,572
Jul 2003	0	30,329	29.41	5.17	$156,826
Jun 2003	215	29,196	28.56	5.98	$180,819
May 2003	0	29,988	26.59	5.97	$179,109
Apr 2003	0	30,443	26.67	5.41	$164,614
Mar 2003	0	29,844	31.14	6.10	$181,930
Feb 2003	1	15,748	33.48	7.93	$124,850
Jan 2003	0	6,974	30.31	5.58	$38,929
Dec 2002	0	2,631	26.91	4.85	$12,770
Nov 2002	0	13,920	24.66	4.14	$57,586
Oct 2002	0	12,051	26.46	4.23	$50,965
Sep 2002	0	37,085	27.44	3.64	$134,811
Aug 2002	181	54,952	25.96	3.16	$178,576
Jul 2002	3	61,591	24.58	3.06	$188,651
Jun 2002	187	44,146	23.73	3.34	$151,807
May 2002	193	45,252	24.66	3.58	$166,943
Apr 2002	194	45,224	23.65	3.51	$163,429
Mar 2002	0	47,634	22.00	3.10	$147,795
Feb 2002	382	46,538	18.22	2.38	$117,519
Jan 2002	192	56,457	17.17	2.38	$137,420
Dec 2001	190	58,541	16.93	2.36	$141,631
Nov 2001	194	61,884	18.07	2.41	$152,369
Oct 2001	377	70,767	19.78	2.53	$186,418
Sep 2001	359	78,634	24.26	2.25	$185,740
Aug 2001	367	91,089	24.87	3.05	$287,237
Jul 2001	0	69,394	23.93	3.20	$221,858
Jun 2001	187	23,844	24.56	3.82	$95,776
May 2001	0	24,170	25.52	4.31	$104,108
Apr 2001	553	88,454	24.68	5.34	$485,578
Mar 2001	568	77,491	24.54	5.38	$430,564
Feb 2001	1	2,652	27.75	5.77	$15,322

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.

Aug 2010 — as filed, then multipliedworked

Condensate             0 bbl  × $ 73.68 =         $0
Gas                1,301 Mcf  × $  4.42 =     $5,750

────────────────────────────────────────────────────
Month total                                   $5,750

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/182396 is the state's own key, not one this site invented.