SWITZER TRUST

Operated by NOBLE ENERGY INC (P-5 611665) in the BARTMAN (11050 SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 201218District 03Field 05945700CondensateGasSave
Value, all time
$23.0 M
Jan 2004 – Dec 2005
Value, last 12 filed months
$6.9 M
at the published price for each month
Months reported
24
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
CondensateDisposition82,228 bbl$3,505,364
GasProduction3,081,423 Mcf$19,488,757
Total$22,994,121

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 29.1911, -95.4896. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.19109, -95.48956 · 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
12,600 ft
1 wells filed one
Completion to plug
2.7 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 12,600 ft.

Completions filed
Sep 2005
1 of 1 wells
Plug dates filed
May 2008
1 of 1 wells

Last completion to plug: a median of 2.7 years across the 1 well that filed both dates, with the middle half between 2.7 years and 2.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-03932826112,600 ftSep 2005May 2008Yes

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 (24)

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

24 months

Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 2005178058.3413.80$10,385
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 200502,70155.697.84$21,186
Jun 20051,06452,03952.337.38$439,781
May 200553629,24445.226.65$218,744
Apr 20051,828149,32649.207.36$1,189,049
Mar 20053,941222,85050.377.15$1,792,973
Feb 20053,869208,56745.226.31$1,491,414
Jan 20055,287241,27043.166.32$1,753,544
Dec 20046,755263,80539.866.75$2,050,223
Nov 20047,816294,88345.286.33$2,220,642
Oct 20048,521299,45249.706.52$2,374,453
Sep 20048,389285,06643.245.28$1,869,001
Aug 20049,323300,80742.375.55$2,064,693
Jul 200410,284319,67038.286.08$2,338,601
Jun 20048,971258,10436.106.43$1,984,241
May 20044,399127,34437.486.49$991,920
Apr 200403,63434.475.86$21,290
Mar 20041,06722,66134.365.53$161,981
Feb 20040032.455.51$0
Jan 20040032.036.30$0

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 2005 — as filed, then multipliedworked
Condensate           178 bbl  × $ 58.34 =    $10,385
Gas                    0 Mcf  × $ 13.80 =         $0

────────────────────────────────────────────────────
Month total                                  $10,385

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/201218 is the state's own key, not one this site invented.