UNION CENTRAL LIFE INS CO. GU

Name: UNION CENTRAL LIFE INS CO. GU lease production and value, Jan 2008 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EOG RESOURCES, INC. (P-5 253162) in the BUCKS BAYOU (FRIO TEX 2) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 233773District 03Field 129551502 tax incentive programmesCondensateGasSave Export

Value, all time

$18.3 M

Jan 2008 – Jun 2017

Value, last 12 filed months

$3 k

at the published price for each month

Months reported

114

no gaps in the span

Streams

condensate, gas

The BUCKS BAYOU (FRIO TEX 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 15 leases and 15 wells, and the rule below applies to all of them.

Discovered

2000-01-15

as the register files it

Field class

Gas

the register's own label

Between wells

1,200 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 2000-05-23.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 04/01/2001.”

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	2010-07-27	199111
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	12,585 bbl	$1,119,792
Gas	Production	2,420,962 Mcf	$17,183,764
Total			$18,303,556

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 29.0129, -95.9491. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.01293, -95.94913 · 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

14,200 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 14,200 ft.

Completions filed

Apr 2015

1 of 1 wells

Plug dates filed

Jun 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


42-32132189	1	14,200 ft	Apr 2015	Jun 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 (114)

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

114 months


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	81	0	42.49	2.64	$3,442
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	242	56.15	2.88	$698
May 2015	0	182	55.21	2.96	$538
Apr 2015	0	3,147	49.82	2.71	$8,518
Mar 2015	0	1,143	42.89	2.93	$3,354
Feb 2015	0	2,180	44.66	2.98	$6,488
Jan 2015	0	2,135	43.43	3.10	$6,620
Dec 2014	0	5,504	54.69	3.59	$19,767
Nov 2014	0	292	70.46	4.25	$1,242
Oct 2014	0	6,417	78.30	3.90	$25,032
Sep 2014	1	2,541	86.16	4.05	$10,366
Aug 2014	0	1,233	89.39	4.04	$4,975
Jul 2014	0	4,290	96.56	4.18	$17,930
Jun 2014	0	1,818	98.16	4.74	$8,612
May 2014	0	877	94.73	4.73	$4,145
Apr 2014	0	3,717	95.94	4.81	$17,876
Mar 2014	0	1,366	95.89	5.06	$6,908
Feb 2014	2	1,692	97.40	6.19	$10,672
Jan 2014	0	3,167	90.40	4.86	$15,394
Dec 2013	0	4,924	91.82	4.35	$21,441
Nov 2013	0	4,761	88.85	3.74	$17,798
Oct 2013	0	10,003	97.42	3.78	$37,805
Sep 2013	0	7,517	104.11	3.72	$27,946
Aug 2013	0	2,280	104.25	3.52	$8,032
Jul 2013	0	6,938	102.52	3.72	$25,794
Jun 2013	0	2,004	94.40	3.93	$7,883
May 2013	0	2,433	94.83	4.15	$10,095
Apr 2013	125	2,353	93.96	4.28	$21,822
Mar 2013	0	5,971	93.62	3.91	$23,364
Feb 2013	0	5,924	91.23	3.42	$20,260
Jan 2013	0	7,065	91.60	3.42	$24,162
Dec 2012	0	8,230	86.77	3.42	$28,148
Nov 2012	0	8,452	86.95	3.62	$30,638
Oct 2012	0	9,918	89.38	3.40	$33,718
Sep 2012	0	8,396	94.67	2.92	$24,503
Aug 2012	0	1,975	92.66	2.91	$5,744
Jul 2012	0	2,964	85.13	3.02	$8,954
Jun 2012	0	7,780	79.82	2.52	$19,598
May 2012	0	8,605	91.61	2.49	$21,412
Apr 2012	76	10,206	101.65	2.00	$28,105
Mar 2012	0	6,973	105.05	2.22	$15,495
Feb 2012	0	9,223	101.10	2.57	$23,705
Jan 2012	0	9,824	98.09	2.73	$26,860
Dec 2011	0	11,537	96.87	3.24	$37,377
Nov 2011	0	10,076	95.72	3.31	$33,364
Oct 2011	73	14,129	84.98	3.65	$57,754
Sep 2011	0	8,104	83.62	3.99	$32,301
Aug 2011	0	7,567	83.40	4.15	$31,398
Jul 2011	41	9,429	94.14	4.52	$46,453
Jun 2011	0	10,939	92.90	4.64	$50,756
May 2011	0	9,145	98.13	4.40	$40,282
Apr 2011	0	12,447	105.96	4.33	$53,936
Mar 2011	0	13,669	96.36	4.06	$55,460
Feb 2011	23	13,812	85.64	4.18	$59,704
Jan 2011	25	15,315	86.50	4.59	$72,440
Dec 2010	0	14,689	85.73	4.35	$63,864
Nov 2010	42	15,819	80.84	3.80	$63,434
Oct 2010	0	18,861	78.10	3.51	$66,181
Sep 2010	0	20,297	72.63	3.98	$80,771
Aug 2010	33	23,451	73.68	4.42	$106,070
Jul 2010	0	27,735	72.55	4.74	$131,367
Jun 2010	28	23,745	70.36	4.91	$118,568
May 2010	33	18,114	71.12	4.24	$79,064
Apr 2010	79	21,996	81.69	4.12	$97,136
Mar 2010	54	22,467	78.39	4.39	$102,833
Feb 2010	163	17,481	73.58	5.44	$107,131
Jan 2010	84	30,228	74.36	5.96	$186,529
Dec 2009	102	22,753	71.44	5.48	$132,059
Nov 2009	166	25,028	74.59	3.75	$106,274
Oct 2009	166	28,365	72.54	4.11	$128,629
Sep 2009	318	26,315	65.54	3.06	$101,491
Aug 2009	315	35,512	67.42	3.22	$135,533
Jul 2009	166	37,972	61.13	3.46	$141,702
Jun 2009	164	39,174	66.16	3.90	$163,433
May 2009	428	44,584	54.74	3.93	$198,454
Apr 2009	281	48,961	46.77	3.59	$188,790
Mar 2009	286	53,564	42.14	4.06	$229,468
Feb 2009	283	55,391	32.81	4.63	$265,912
Jan 2009	414	62,506	35.86	5.37	$350,566
Dec 2008	420	66,678	37.10	5.98	$414,126
Nov 2008	487	73,757	55.49	6.86	$533,023
Oct 2008	423	82,941	75.24	6.92	$605,942
Sep 2008	413	70,013	101.76	7.88	$593,526
Aug 2008	594	106,885	114.22	8.48	$974,554
Jul 2008	480	120,246	131.08	11.39	$1,432,452
Jun 2008	765	123,514	131.33	13.03	$1,710,180
May 2008	998	130,668	123.17	11.57	$1,635,313
Apr 2008	1,440	147,565	110.31	10.45	$1,701,618
Mar 2008	1,473	153,876	101.90	9.66	$1,637,167
Feb 2008	1,040	166,887	92.53	8.77	$1,559,927
Jan 2008	0	110,093	90.38	8.21	$903,393

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 2016 — as filed, then multipliedworked

Condensate            81 bbl  × $ 42.49 =     $3,442
Gas                    0 Mcf  × $  2.64 =         $0

────────────────────────────────────────────────────
Month total                                   $3,442

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/233773 is the state's own key, not one this site invented.