PIERCE RANCH

Operated by CML EXPLORATION, LLC (P-5 120648) in the SHANGHAI, E. (EY 10200) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 242420District 03Field 82655380CondensateGasSaveExport
Value, all time
$3.7 M
Jul 2008 – Oct 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
172
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 4 leases and 4 wells, and the rule below applies to all of them.

Discovered
1989-12-21
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 03/01/2009.

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
CondensateDisposition24,751 bbl$1,727,180
GasProduction433,114 Mcf$1,938,258
Total$3,665,438

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 29.2441, -96.2010. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.24410, -96.20096 · 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
11,450 ft
1 wells filed one
Completion to plug
14.2 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 11,450 ft.

Completions filed
Aug 2008
1 of 1 wells
Plug dates filed
Oct 2022
1 of 1 wells

Last completion to plug: a median of 14.2 years across the 1 well that filed both dates, with the middle half between 14.2 years and 14.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-48134969411,450 ftAug 2008Oct 2022Yes

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 (172)

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

172 months

Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 202174079.795.71$5,904
Sep 20210069.865.35$0
Aug 202119318966.024.22$13,540
Jul 2021049470.783.98$1,967
Jun 2021048869.493.38$1,650
May 2021039063.483.02$1,177
Apr 2021043260.362.76$1,192
Mar 202119355561.302.72$13,339
Feb 2021032957.805.55$1,825
Jan 2021047750.412.81$1,341
Dec 2020044944.642.68$1,201
Nov 2020047038.772.71$1,272
Oct 202019446936.972.48$8,335
Sep 2020054437.091.99$1,083
Aug 2020055439.982.39$1,321
Jul 2020051738.371.83$944
Jun 202018643534.901.69$7,227
May 2020054016.921.81$980
Apr 2020065014.751.80$1,173
Mar 2020067130.341.86$1,246
Feb 2020061449.881.98$1,216
Jan 2020077057.252.09$1,613
Dec 201917974359.012.30$12,275
Nov 2019067655.302.75$1,859
Oct 2019069753.472.42$1,686
Sep 2019069655.052.66$1,849
Aug 201919185353.112.30$12,110
Jul 2019087056.272.46$2,140
Jun 2019082952.782.49$2,065
May 2019076958.482.74$2,107
Apr 2019085562.632.75$2,352
Mar 201919178656.803.06$13,256
Feb 2019086650.852.79$2,418
Jan 2019064846.033.23$2,092
Dec 2018084546.594.19$3,537
Nov 201819083252.934.24$13,582
Oct 2018095261.443.40$3,235
Sep 2018087959.543.11$2,732
Aug 2018083259.403.07$2,551
Jul 20181451,19765.142.93$12,955
Jun 2018084360.183.08$2,594
May 2018091365.382.90$2,648
Apr 2018087363.842.90$2,532
Mar 201819183861.222.79$14,028
Feb 2018082761.782.77$2,288
Jan 2018090462.874.01$3,624
Dec 201701,27357.272.92$3,719
Nov 20171821,04855.423.12$13,354
Oct 201701,00149.292.98$2,987
Sep 20171781,04847.523.09$11,694
Aug 2017075945.373.00$2,280
Jul 201701,21943.873.09$3,763
Jun 20171761,15042.493.09$11,029
May 201701,29345.373.26$4,220
Apr 201701,25247.933.21$4,021
Mar 20171781,07946.772.98$11,544
Feb 201701,01150.452.95$2,985
Jan 201701,20649.413.42$4,123
Dec 20161791,30548.763.72$13,586
Nov 201601,26542.492.64$3,345
Oct 20161791,30646.193.09$12,304
Sep 201601,25941.553.10$3,904
Aug 20161631,33141.442.92$10,647
Jul 201601,06341.622.92$3,109
Jun 201616786845.352.69$9,905
May 2016090842.521.99$1,808
Apr 201617394136.561.99$8,198
Mar 2016078433.011.79$1,407
Feb 201616962526.472.06$5,763
Jan 2016071327.352.36$1,686
Dec 20151711,02432.362.00$7,583
Nov 201501,21038.792.17$2,622
Oct 20151701,23843.552.43$10,408
Sep 20151671,55042.992.76$11,455
Aug 201501,49440.162.87$4,292
Jul 20151781,75048.152.95$13,725
Jun 201501,67356.152.88$4,823
May 20151651,75955.212.96$14,308
Apr 201501,72749.822.71$4,674
Mar 20151601,81442.892.93$12,186
Feb 201501,65244.662.98$4,917
Jan 201501,83943.433.10$5,702
Dec 20141751,85854.693.59$16,244
Nov 201401,80670.464.25$7,679
Oct 20141631,90878.303.90$20,206
Sep 201401,89486.164.05$7,662
Aug 20141781,93589.394.04$23,719
Jul 201401,99396.564.18$8,330
Jun 20141651,96798.164.74$25,514
May 201402,01594.734.73$9,524
Apr 20141671,84595.944.81$24,895
Mar 201402,08195.895.06$10,523
Feb 20141661,72697.406.19$26,856
Jan 20141812,56590.404.86$28,830
Dec 20131761,94291.824.35$24,617
Nov 201302,02188.853.74$7,555
Oct 20131812,40197.423.78$26,707
Sep 201301,902104.113.72$7,071
Aug 20131852,779104.253.52$29,076
Jul 201302,978102.523.72$11,071
Jun 20131782,20794.403.93$25,484
May 20131812,04494.834.15$25,645
Apr 201301,98993.964.28$8,518
Mar 20131812,32693.623.91$26,047
Feb 201302,11091.233.42$7,216
Jan 20131852,24491.603.42$24,620
Dec 20121862,16486.773.42$23,540
Nov 20121832,30586.953.62$24,267
Oct 201202,55089.383.40$8,669
Sep 20121842,35594.672.92$24,292
Aug 201202,63292.662.91$7,654
Jul 20121842,74485.133.02$23,953
Jun 20121832,69179.822.52$21,386
May 20121822,75791.612.49$23,533
Apr 20121842,665101.652.00$24,025
Mar 20121812,678105.052.22$24,965
Feb 20121822,752101.102.57$25,474
Jan 20121832,72198.092.73$25,390
Dec 201103,66496.873.24$11,870
Nov 20111832,97795.723.31$27,374
Oct 20112033,24084.983.65$29,072
Sep 20112183,22683.623.99$31,087
Aug 20111833,46483.404.15$29,635
Jul 20111823,50694.144.52$32,971
Jun 20111823,30692.904.64$32,247
May 20113653,52098.134.40$51,322
Apr 20111853,521105.964.33$34,860
Mar 20111823,47596.364.06$31,637
Feb 20111814,21685.644.18$33,124
Jan 20111825,54886.504.59$41,202
Dec 20103644,35085.734.35$50,118
Nov 20101823,90180.843.80$29,518
Oct 20101803,93878.103.51$27,876
Sep 20101843,89072.633.98$28,844
Aug 20101794,33373.684.42$32,338
Jul 20101794,52772.554.74$34,429
Jun 20101864,56870.364.91$35,518
May 20103594,83671.124.24$46,014
Apr 20103614,74881.694.12$49,065
Mar 20101835,12078.394.39$36,815
Feb 20103594,79373.585.44$52,500
Jan 20101817,03274.365.96$55,399
Dec 20093626,08471.445.48$59,224
Nov 20091805,69874.593.75$34,802
Oct 20093666,14272.544.11$51,795
Sep 20093666,19665.543.06$42,977
Aug 20093686,48767.423.22$45,689
Jul 20093614,03561.133.46$36,047
Jun 20095465,36266.163.90$57,008
May 20093636,93954.743.93$47,111
Apr 20093638,83946.773.59$48,687
Mar 200971911,49242.144.06$76,945
Feb 200956911,73732.814.63$73,046
Jan 200976814,10235.865.37$103,282
Dec 200894014,04537.105.98$118,823
Nov 20081,14519,32955.496.86$196,140
Oct 20081,51523,84075.246.92$279,009
Sep 20081,32219,014101.767.88$284,302
Aug 20083796,844114.228.48$101,347
Jul 200801,183131.0811.39$13,474

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 2021 — as filed, then multipliedworked
Condensate            74 bbl  × $ 79.79 =     $5,904
Gas                    0 Mcf  × $  5.71 =         $0

────────────────────────────────────────────────────
Month total                                   $5,904

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/242420 is the state's own key, not one this site invented.