UNION CENTRAL LIFE INS CO. GU

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 235008District 03Field 129551502 tax incentive programmesCondensateGasSaveExport
Value, all time
$16.5 M
Feb 2008 – Jun 2017
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
113
no gaps in the span
Streams
2
condensate, gas

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112010-07-27199096
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition5,315 bbl$496,408
GasProduction2,332,402 Mcf$15,965,560
Total$16,461,968

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 29.0144, -95.9450. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.01439, -95.94501 · 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
13,700 ft
1 wells filed one
Completion to plug
9.3 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 13,700 ft.

Completions filed
Feb 2008
1 of 1 wells
Plug dates filed
Jun 2017
1 of 1 wells

Last completion to plug: a median of 9.3 years across the 1 well that filed both dates, with the middle half between 9.3 years and 9.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-32132205213,700 ftFeb 2008Jun 2017Yes

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 (113)

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

113 months

Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 201694042.492.64$3,994
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20151143.433.10$47
Dec 20144454.693.59$233
Nov 20140070.464.25$0
Oct 20141178.303.90$82
Sep 20141186.164.05$90
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140195.944.81$5
Mar 201401,27195.895.06$6,427
Feb 201412,18697.406.19$13,633
Jan 201405,01490.404.86$24,372
Dec 201306,10891.824.35$26,597
Nov 201304,85988.853.74$18,164
Oct 201307,00397.423.78$26,467
Sep 201308,698104.113.72$32,337
Aug 201307,547104.253.52$26,585
Jul 201305,582102.523.72$20,752
Jun 201306,42594.403.93$25,272
May 201307,98594.834.15$33,130
Apr 20132123,73593.964.28$35,915
Mar 201303,12793.623.91$12,236
Feb 201303,75691.233.42$12,845
Jan 201307,49691.603.42$25,636
Dec 201208,30386.773.42$28,398
Nov 201208,42986.953.62$30,555
Oct 201208,71989.383.40$29,642
Sep 201207,33794.672.92$21,412
Aug 201209,33592.662.91$27,148
Jul 201209,56785.133.02$28,900
Jun 201209,18279.822.52$23,130
May 2012010,10491.612.49$25,142
Apr 2012979,394101.652.00$28,618
Mar 2012010,281105.052.22$22,845
Feb 2012010,361101.102.57$26,630
Jan 2012011,51498.092.73$31,480
Dec 2011012,69396.873.24$41,122
Nov 2011010,78195.723.31$35,699
Oct 20119712,91384.983.65$55,357
Sep 201109,95083.623.99$39,659
Aug 2011010,19483.404.15$42,298
Jul 201113011,39194.144.52$63,694
Jun 2011012,11992.904.64$56,231
May 2011014,47098.134.40$63,738
Apr 2011013,994105.964.33$60,640
Mar 2011014,48896.364.06$58,783
Feb 201114415,67885.644.18$77,866
Jan 201113316,62286.504.59$87,779
Dec 2010018,44685.734.35$80,199
Nov 201011020,48580.843.80$86,640
Oct 2010022,99878.103.51$80,697
Sep 2010024,80072.633.98$98,691
Aug 20108126,82373.684.42$124,509
Jul 2010030,04972.554.74$142,327
Jun 20106629,99770.364.91$151,941
May 20104525,75171.124.24$112,262
Apr 201011827,88681.694.12$124,605
Mar 20109434,97478.394.39$160,858
Feb 201017328,46073.585.44$167,619
Jan 20108529,83274.365.96$184,241
Dec 20096828,02171.445.48$158,518
Nov 2009923,74674.593.75$89,754
Oct 20091127,60872.544.11$114,274
Sep 20091932,41065.543.06$100,574
Aug 20091940,89067.423.22$132,885
Jul 20091044,97561.133.46$156,427
Jun 20091044,42966.163.90$173,713
May 20099050,50254.743.93$203,185
Apr 20097155,87246.773.59$203,761
Mar 20096863,92042.144.06$262,317
Feb 20096560,92332.814.63$284,389
Jan 20099366,09135.865.37$358,310
Dec 20089269,46237.105.98$418,597
Nov 200818974,09755.496.86$518,820
Oct 200827078,72675.246.92$565,255
Sep 200828264,444101.767.88$536,328
Aug 2008429109,650114.228.48$979,164
Jul 2008364128,955131.0811.39$1,516,437
Jun 2008420137,645131.3313.03$1,849,035
May 2008334150,785123.1711.57$1,786,368
Apr 2008439157,641110.3110.45$1,696,541
Mar 2008260140,736101.909.66$1,386,577
Feb 20081611,75492.538.77$104,570

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            94 bbl  × $ 42.49 =     $3,994
Gas                    0 Mcf  × $  2.64 =         $0

────────────────────────────────────────────────────
Month total                                   $3,994

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/235008 is the state's own key, not one this site invented.