PIERCE (F-14)

Name: PIERCE (F-14) lease production and value, Jun 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SUE-ANN OPERATING, L.C. (P-5 828352) in the BLESSING (F-14) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 184590District 03Field 08871370CondensateGasSave Export

Value, all time

$1.5 M

Jun 2001 – Dec 2009

Value, last 12 filed months

$89 k

at the published price for each month

Months reported

103

no gaps in the span

Streams

condensate, gas

The BLESSING (F-14) 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 11 leases and 62 wells, and the rule below applies to all of them.

Discovered

1961-04-24

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1992-03-01.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 02/01/2002.”

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	6,385 bbl	$352,897
Gas	Production	222,696 Mcf	$1,190,523
Total			$1,543,420

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 28.8517, -96.2442. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.85172, -96.24423 · 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

0.0%

0 of 1 wells

Median depth

10,200 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

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 10,200 ft.

Completions filed

Dec 2009

1 of 1 wells

1 well


42-32131868	2	10,200 ft	Dec 2009	—	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 (103)

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

103 months


Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	2,160	74.59	3.75	$8,103
Oct 2009	0	1,652	72.54	4.11	$6,790
Sep 2009	0	1,941	65.54	3.06	$5,949
Aug 2009	0	2,097	67.42	3.22	$6,749
Jul 2009	0	1,545	61.13	3.46	$5,353
Jun 2009	0	2,137	66.16	3.90	$8,324
May 2009	3	2,649	54.74	3.93	$10,564
Apr 2009	5	1,633	46.77	3.59	$6,092
Mar 2009	14	2,536	42.14	4.06	$10,884
Feb 2009	37	1,419	32.81	4.63	$7,788
Jan 2009	50	1,902	35.86	5.37	$12,009
Dec 2008	40	2,077	37.10	5.98	$13,899
Nov 2008	45	1,864	55.49	6.86	$15,285
Oct 2008	59	1,526	75.24	6.92	$15,002
Sep 2008	57	2,069	101.76	7.88	$22,098
Aug 2008	50	3,180	114.22	8.48	$32,687
Jul 2008	38	1,559	131.08	11.39	$22,737
Jun 2008	1	0	131.33	13.03	$131
May 2008	13	0	123.17	11.57	$1,601
Apr 2008	48	244	110.31	10.45	$7,846
Mar 2008	42	336	101.90	9.66	$7,527
Feb 2008	103	587	92.53	8.77	$14,679
Jan 2008	85	1,158	90.38	8.21	$17,185
Dec 2007	89	1,559	88.33	7.30	$19,245
Nov 2007	87	417	91.67	7.29	$11,016
Oct 2007	88	553	82.85	6.92	$11,119
Sep 2007	66	680	75.84	6.24	$9,251
Aug 2007	86	576	69.06	6.39	$9,619
Jul 2007	0	171	70.90	6.39	$1,092
Jun 2007	105	432	62.00	7.55	$9,771
May 2007	101	799	58.74	7.85	$12,202
Apr 2007	87	2,519	59.61	7.81	$24,847
Mar 2007	100	3,273	56.92	7.30	$29,591
Feb 2007	53	1,322	55.10	8.22	$13,782
Jan 2007	106	1,957	50.30	6.73	$18,496
Dec 2006	44	1,044	56.65	6.92	$9,715
Nov 2006	178	1,286	54.20	7.62	$19,444
Oct 2006	0	1,967	54.90	6.01	$11,829
Sep 2006	133	1,870	60.08	5.04	$17,410
Aug 2006	80	1,974	68.71	7.34	$19,986
Jul 2006	138	2,467	69.37	6.34	$25,221
Jun 2006	133	2,455	66.28	6.38	$24,488
May 2006	84	2,880	66.01	6.42	$24,049
Apr 2006	134	1,736	64.39	7.36	$21,406
Mar 2006	82	1,209	56.70	7.08	$13,213
Feb 2006	70	2,550	57.59	7.75	$23,797
Jan 2006	107	1,879	60.59	8.93	$23,269
Dec 2005	156	795	54.94	13.42	$19,236
Nov 2005	73	689	54.69	10.59	$11,288
Oct 2005	144	579	58.34	13.80	$16,389
Sep 2005	173	577	61.45	12.08	$17,600
Aug 2005	158	1,120	61.51	9.80	$20,691
Jul 2005	143	2,487	55.69	7.84	$27,471
Jun 2005	137	4,529	52.33	7.38	$40,598
May 2005	135	3,987	45.22	6.65	$32,623
Apr 2005	119	2,754	49.20	7.36	$26,126
Mar 2005	180	2,499	50.37	7.15	$26,947
Feb 2005	90	2,207	45.22	6.31	$18,000
Jan 2005	84	2,223	43.16	6.32	$17,680
Dec 2004	166	927	39.86	6.75	$12,875
Nov 2004	173	2,014	45.28	6.33	$20,583
Oct 2004	92	2,634	49.70	6.52	$21,733
Sep 2004	107	2,614	43.24	5.28	$18,439
Aug 2004	120	2,470	42.37	5.55	$18,795
Jul 2004	114	2,241	38.28	6.08	$17,999
Jun 2004	187	1,120	36.10	6.43	$13,956
May 2004	99	2,447	37.48	6.49	$19,603
Apr 2004	179	3,165	34.47	5.86	$24,712
Mar 2004	124	3,799	34.36	5.53	$25,270
Feb 2004	54	3,346	32.45	5.51	$20,187
Jan 2004	71	2,523	32.03	6.30	$18,168
Dec 2003	36	2,531	30.26	6.30	$17,039
Nov 2003	25	1,861	28.80	4.60	$9,272
Oct 2003	35	2,268	28.17	4.76	$11,781
Sep 2003	27	3,308	26.31	4.75	$16,421
Aug 2003	32	1,270	29.76	5.13	$7,467
Jul 2003	29	2,352	29.41	5.17	$13,015
Jun 2003	16	1,754	28.56	5.98	$10,951
May 2003	39	1,825	26.59	5.97	$11,937
Apr 2003	29	2,172	26.67	5.41	$12,518
Mar 2003	31	2,761	31.14	6.10	$17,797
Feb 2003	33	2,989	33.48	7.93	$24,795
Jan 2003	37	3,432	30.31	5.58	$20,279
Dec 2002	17	595	26.91	4.85	$3,345
Nov 2002	39	2,284	24.66	4.14	$10,411
Oct 2002	16	3,329	26.46	4.23	$14,502
Sep 2002	18	1,426	27.44	3.64	$5,678
Aug 2002	7	2,707	25.96	3.16	$8,747
Jul 2002	0	3,055	24.58	3.06	$9,354
Jun 2002	0	2,389	23.73	3.34	$7,975
May 2002	0	2,667	24.66	3.58	$9,559
Apr 2002	0	3,564	23.65	3.51	$12,518
Mar 2002	0	4,203	22.00	3.10	$13,041
Feb 2002	0	3,325	18.22	2.38	$7,899
Jan 2002	0	3,670	17.17	2.38	$8,719
Dec 2001	0	3,135	16.93	2.36	$7,412
Nov 2001	0	3,236	18.07	2.41	$7,784
Oct 2001	0	14,902	19.78	2.53	$37,685
Sep 2001	0	3,463	24.26	2.25	$7,796
Aug 2001	0	3,011	24.87	3.05	$9,193
Jul 2001	0	4,888	23.93	3.20	$15,627
Jun 2001	0	732	24.56	3.82	$2,799

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.

Nov 2009 — as filed, then multipliedworked

Condensate             0 bbl  × $ 74.59 =         $0
Gas                2,160 Mcf  × $  3.75 =     $8,103

────────────────────────────────────────────────────
Month total                                   $8,103

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/184590 is the state's own key, not one this site invented.