WEST BANK

Operated by EAGLE ENERGY DEVELOPMENT CO (P-5 238360) in the LUCKY (8950) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 243001District 03Field 55468508CondensateGasSaveExport
Value, all time
$2.3 M
Sep 2008 – Nov 2012
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
51
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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered
1972-10-05
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: CHANGED FROM EXEMPT FLD TO ONE-WELL.

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
CondensateDisposition6,727 bbl$368,653
GasProduction427,781 Mcf$1,960,422
Total$2,329,075

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 28.9061, -96.0288. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.90606, -96.02875 · 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
10,000 ft
1 wells filed one
Completion to plug
3.9 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 10,000 ft.

Completions filed
Sep 2008
1 of 1 wells
Plug dates filed
Aug 2012
1 of 1 wells

Last completion to plug: a median of 3.9 years across the 1 well that filed both dates, with the middle half between 3.9 years and 3.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-32132253110,000 ftSep 2008Aug 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 (51)

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

51 months

Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 2012124092.662.91$11,490
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 2011038795.723.31$1,281
Oct 201103,59284.983.65$13,106
Sep 20111678,57583.623.99$48,143
Aug 201116716,05883.404.15$80,558
Jul 201117118,23994.144.52$98,488
Jun 2011059692.904.64$2,765
May 20111727,61998.134.40$50,439
Apr 201118012,277105.964.33$72,272
Mar 201135518,00196.364.06$107,244
Feb 2011011,51585.644.18$48,132
Jan 201104,90786.504.59$22,517
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 2010012278.103.51$428
Sep 201016822772.633.98$13,105
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 201016825670.364.91$13,078
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 200919361267.423.22$14,982
Jul 200917015,86461.133.46$65,353
Jun 200917021,62666.163.90$95,480
May 200954531,59154.743.93$153,852
Apr 200954142,75646.773.59$178,690
Mar 200972950,87242.144.06$237,210
Feb 20091,09052,02832.814.63$276,809
Jan 200937125,29635.865.37$149,169
Dec 20081,07565,32237.105.98$430,321
Nov 200817018,22055.496.86$134,429
Oct 20080075.246.92$0
Sep 200811,223101.767.88$9,735

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.

Aug 2012 — as filed, then multipliedworked
Condensate           124 bbl  × $ 92.66 =    $11,490
Gas                    0 Mcf  × $  2.91 =         $0

────────────────────────────────────────────────────
Month total                                  $11,490

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/243001 is the state's own key, not one this site invented.