OGLETREE

Name: OGLETREE lease production and value, Jan 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by ARCADIA OPERATING, LLC (P-5 28734) in the SHEPHERD (WX CONS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 199229District 03Field 830474002 tax incentive programmesCondensateGasSave Export

Value, all time

$14.1 M

Jan 2004 – Oct 2017

Value, last 12 filed months

at the published price for each month

Months reported

166

no gaps in the span

Streams

condensate, gas

The SHEPHERD (WX CONS) 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 14 leases and 14 wells, and the rule below applies to all of them.

Discovered

2010-05-18

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2010-05-18.

The Commission's schedule remark for this field reads: “HORIZONTAL WELLS. THE ALLOCATION FORMULA WILL BE SUSPENDED”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2011-01-27	201198
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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	45,748 bbl	$2,879,811
Gas	Production	1,688,781 Mcf	$11,172,039
Total			$14,051,851

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 30.4576, -95.0084. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.45760, -95.00839 · 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

10,500 ft

1 wells filed one

Completion to plug

2.2 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 10,500 ft.

Completions filed

Aug 2015

1 of 1 wells

Plug dates filed

Oct 2017

1 of 1 wells

Last completion to plug: a median of 2.2 years across the 1 well that filed both dates, with the middle half between 2.2 years and 2.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-40730400	1	10,500 ft	Aug 2015	Oct 2017	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 (166)

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

166 months


Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	197	0	78.30	3.90	$15,425
Sep 2014	0	811	86.16	4.05	$3,281
Aug 2014	0	2,026	89.39	4.04	$8,175
Jul 2014	0	700	96.56	4.18	$2,926
Jun 2014	0	1,145	98.16	4.74	$5,424
May 2014	172	1,251	94.73	4.73	$22,206
Apr 2014	169	7,103	95.94	4.81	$50,373
Mar 2014	176	830	95.89	5.06	$21,074
Feb 2014	172	1,147	97.40	6.19	$23,855
Jan 2014	0	887	90.40	4.86	$4,311
Dec 2013	0	1,087	91.82	4.35	$4,733
Nov 2013	164	1,920	88.85	3.74	$21,749
Oct 2013	353	3,534	97.42	3.78	$47,746
Sep 2013	177	8,624	104.11	3.72	$50,489
Aug 2013	162	2,156	104.25	3.52	$24,483
Jul 2013	0	2,273	102.52	3.72	$8,450
Jun 2013	181	2,085	94.40	3.93	$25,288
May 2013	0	2,155	94.83	4.15	$8,941
Apr 2013	185	2,267	93.96	4.28	$27,091
Mar 2013	0	2,494	93.62	3.91	$9,759
Feb 2013	0	2,078	91.23	3.42	$7,107
Jan 2013	0	1,838	91.60	3.42	$6,286
Dec 2012	161	2,182	86.77	3.42	$21,433
Nov 2012	0	2,261	86.95	3.62	$8,196
Oct 2012	0	2,545	89.38	3.40	$8,652
Sep 2012	0	2,028	94.67	2.92	$5,919
Aug 2012	0	3,322	92.66	2.91	$9,661
Jul 2012	0	3,988	85.13	3.02	$12,047
Jun 2012	178	3,846	79.82	2.52	$23,896
May 2012	0	3,492	91.61	2.49	$8,689
Apr 2012	139	3,693	101.65	2.00	$21,504
Mar 2012	141	4,368	105.05	2.22	$24,518
Feb 2012	171	4,848	101.10	2.57	$29,749
Jan 2012	360	4,155	98.09	2.73	$46,673
Dec 2011	348	3,588	96.87	3.24	$45,335
Nov 2011	512	5,101	95.72	3.31	$65,899
Oct 2011	353	7,439	84.98	3.65	$57,139
Sep 2011	348	5,810	83.62	3.99	$52,257
Aug 2011	334	6,561	83.40	4.15	$55,079
Jul 2011	517	6,917	94.14	4.52	$79,916
Jun 2011	385	7,342	92.90	4.64	$69,833
May 2011	193	7,721	98.13	4.40	$52,949
Apr 2011	389	7,522	105.96	4.33	$73,813
Mar 2011	379	7,804	96.36	4.06	$68,184
Feb 2011	196	7,601	85.64	4.18	$48,557
Jan 2011	199	8,765	86.50	4.59	$57,434
Dec 2010	191	8,337	85.73	4.35	$52,622
Nov 2010	362	8,488	80.84	3.80	$61,479
Oct 2010	186	8,746	78.10	3.51	$45,215
Sep 2010	0	7,657	72.63	3.98	$30,471
Aug 2010	0	8,346	73.68	4.42	$36,884
Jul 2010	227	7,339	72.55	4.74	$51,230
Jun 2010	0	7,157	70.36	4.91	$35,144
May 2010	113	6,957	71.12	4.24	$37,501
Apr 2010	0	2,941	81.69	4.12	$12,125
Mar 2010	181	6,514	78.39	4.39	$42,776
Feb 2010	0	6,135	73.58	5.44	$33,389
Jan 2010	179	6,909	74.36	5.96	$54,516
Dec 2009	184	6,133	71.44	5.48	$46,777
Nov 2009	178	6,581	74.59	3.75	$37,966
Oct 2009	177	7,113	72.54	4.11	$42,076
Sep 2009	181	9,737	65.54	3.06	$41,704
Aug 2009	175	10,242	67.42	3.22	$44,762
Jul 2009	0	11,371	61.13	3.46	$39,395
Jun 2009	0	8,525	66.16	3.90	$33,205
May 2009	360	6,360	54.74	3.93	$44,674
Apr 2009	183	8,781	46.77	3.59	$40,061
Mar 2009	0	5,303	42.14	4.06	$21,525
Feb 2009	177	2,854	32.81	4.63	$19,030
Jan 2009	185	7,734	35.86	5.37	$48,173
Dec 2008	362	10,492	37.10	5.98	$76,142
Nov 2008	322	11,591	55.49	6.86	$97,386
Oct 2008	177	10,635	75.24	6.92	$86,933
Sep 2008	357	10,030	101.76	7.88	$115,336
Aug 2008	354	9,558	114.22	8.48	$121,515
Jul 2008	182	9,750	131.08	11.39	$134,904
Jun 2008	356	10,109	131.33	13.03	$178,500
May 2008	185	10,205	123.17	11.57	$140,902
Apr 2008	542	10,631	110.31	10.45	$170,934
Mar 2008	171	11,707	101.90	9.66	$130,562
Feb 2008	354	10,999	92.53	8.77	$129,223
Jan 2008	368	11,223	90.38	8.21	$125,353
Dec 2007	367	12,108	88.33	7.30	$120,829
Nov 2007	361	13,616	91.67	7.29	$132,377
Oct 2007	359	14,101	82.85	6.92	$127,350
Sep 2007	182	13,968	75.84	6.24	$101,021
Aug 2007	362	14,080	69.06	6.39	$114,942
Jul 2007	360	13,289	70.90	6.39	$110,413
Jun 2007	364	12,370	62.00	7.55	$115,942
May 2007	182	11,087	58.74	7.85	$97,682
Apr 2007	174	9,619	59.61	7.81	$85,450
Mar 2007	172	5,485	56.92	7.30	$49,842
Feb 2007	362	12,714	55.10	8.22	$124,404
Jan 2007	173	8,317	50.30	6.73	$64,649
Dec 2006	367	12,800	56.65	6.92	$109,347
Nov 2006	532	18,614	54.20	7.62	$170,626
Oct 2006	353	19,254	54.90	6.01	$135,169
Sep 2006	525	19,684	60.08	5.04	$130,694
Aug 2006	350	20,239	68.71	7.34	$172,601
Jul 2006	512	20,843	69.37	6.34	$167,720
Jun 2006	360	19,883	66.28	6.38	$150,791
May 2006	546	17,391	66.01	6.42	$147,779
Apr 2006	351	14,847	64.39	7.36	$131,882
Mar 2006	715	19,763	56.70	7.08	$180,520
Feb 2006	535	19,884	57.59	7.75	$184,934
Jan 2006	712	22,718	60.59	8.93	$246,087
Dec 2005	922	22,354	54.94	13.42	$350,543
Nov 2005	900	20,676	54.69	10.59	$268,147
Oct 2005	1,073	23,408	58.34	13.80	$385,530
Sep 2005	703	23,608	61.45	12.08	$328,360
Aug 2005	351	19,480	61.51	9.80	$212,432
Jul 2005	708	22,975	55.69	7.84	$219,636
Jun 2005	710	32,839	52.33	7.38	$279,540
May 2005	715	36,833	45.22	6.65	$277,314
Apr 2005	881	38,808	49.20	7.36	$328,991
Mar 2005	1,075	41,938	50.37	7.15	$354,209
Feb 2005	896	40,348	45.22	6.31	$295,190
Jan 2005	1,062	41,463	43.16	6.32	$307,973
Dec 2004	1,250	47,908	39.86	6.75	$373,256
Nov 2004	1,263	49,970	45.28	6.33	$373,520
Oct 2004	1,232	56,586	49.70	6.52	$429,894
Sep 2004	1,095	57,296	43.24	5.28	$350,094
Aug 2004	1,466	62,745	42.37	5.55	$410,391
Jul 2004	1,628	66,073	38.28	6.08	$464,320
Jun 2004	1,806	65,186	36.10	6.43	$484,539
May 2004	1,987	59,697	37.48	6.49	$462,180
Apr 2004	369	14,935	34.47	5.86	$100,216
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	2,481	32.03	6.30	$15,629

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.

Oct 2014 — as filed, then multipliedworked

Condensate           197 bbl  × $ 78.30 =    $15,425
Gas                    0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                  $15,425

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/199229 is the state's own key, not one this site invented.