TOPAZ

Operated by SQUARE MILE ENERGY, L.L.C. (P-5 810815) in the EL MATON, NORTH (A-6) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 242369District 03Field 28035500CondensateGasSave
Value, all time
$13.1 M
Jun 2008 – Feb 2012
Value, last 12 filed months
$102 k
at the published price for each month
Months reported
45
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
CondensateDisposition35,145 bbl$2,610,889
GasProduction1,859,312 Mcf$10,439,308
Total$13,050,198

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 28.9174, -96.1115. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.91742, -96.11153 · 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
10,600 ft
1 wells filed one
Completion to plug
3.7 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 10,600 ft.

Completions filed
Jun 2008
1 of 1 wells
Plug dates filed
Feb 2012
1 of 1 wells

Last completion to plug: a median of 3.7 years across the 1 well that filed both dates, with the middle half between 3.7 years and 3.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-32132232110,600 ftJun 2008Feb 2012Yes

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 (45)

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

45 months

Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 2011104494.144.52$9,809
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 20111789,790105.964.33$61,284
Mar 201107,64296.364.06$31,006
Feb 201102,50485.644.18$10,467
Jan 201118312,05486.504.59$71,143
Dec 2010013,18085.734.35$57,303
Nov 2010014,35680.843.80$54,486
Oct 201019310,33778.103.51$51,345
Sep 2010015,40272.633.98$61,292
Aug 201019217,61373.684.42$91,985
Jul 201019519,59772.554.74$106,968
Jun 2010021,18670.364.91$104,032
May 201038518,09871.124.24$104,030
Apr 201018919,12081.694.12$94,265
Mar 2010016,48678.394.39$72,352
Feb 201019021,44073.585.44$130,664
Jan 201053627,42274.365.96$203,404
Dec 200935329,33471.445.48$186,079
Nov 200936028,37674.593.75$133,305
Oct 200937530,30272.544.11$151,751
Sep 200935624,25765.543.06$97,674
Aug 200954647,57067.423.22$189,915
Jul 200971462,42261.133.46$259,908
Jun 200987973,05266.163.90$342,692
May 200977872,98954.743.93$329,124
Apr 20091,09678,27446.773.59$332,068
Mar 20091,073104,89942.144.06$471,001
Feb 20091,748122,59832.814.63$625,348
Jan 20092,315156,13535.865.37$921,617
Dec 20082,961156,67937.105.98$1,046,345
Nov 20083,406151,23055.496.86$1,226,491
Oct 20084,474157,77275.246.92$1,428,718
Sep 20083,940125,341101.767.88$1,388,257
Aug 20086,173154,943114.228.48$2,019,465
Jul 20081,25336,908131.0811.39$584,604
Jun 200800131.3313.03$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.

Jul 2011 — as filed, then multipliedworked
Condensate           104 bbl  × $ 94.14 =     $9,791
Gas                    4 Mcf  × $  4.52 =        $18

────────────────────────────────────────────────────
Month total                                   $9,809

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/242369 is the state's own key, not one this site invented.