PINEHURST

Operated by LAKE RONEL OIL COMPANY (P-5 483310) in the PINEHURST (HACKBERRY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 251940District 03Field 71606500CondensateGasSave
Value, all time
$11.3 M
Mar 2009 – Aug 2013
Value, last 12 filed months
$302 k
at the published price for each month
Months reported
54
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
CondensateDisposition31,673 bbl$2,547,411
GasProduction2,206,701 Mcf$8,731,411
Total$11,278,822

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 30.0896, -93.7738. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.08961, -93.77383 · 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
10,914 ft
1 wells filed one
Completion to plug
4.4 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 10,914 ft.

Completions filed
Mar 2009
1 of 1 wells
Plug dates filed
Aug 2013
1 of 1 wells

Last completion to plug: a median of 4.4 years across the 1 well that filed both dates, with the middle half between 4.4 years and 4.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-36130882110,914 ftMar 2009Aug 2013Yes

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 (54)

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

54 months

Aug 2013600104.253.52$6,255
Jul 2013031102.523.72$115
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 2013012193.964.28$518
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 201219011,24386.773.42$54,939
Nov 201218918,15986.953.62$82,259
Oct 201218919,66189.383.40$83,734
Sep 201219219,30494.672.92$74,513
Aug 201216621,20092.662.91$77,035
Jul 201234426,96385.133.02$110,735
Jun 201237430,51579.822.52$106,721
May 201236631,51191.612.49$111,939
Apr 201219531,617101.652.00$82,955
Mar 201237133,441105.052.22$113,282
Feb 201234830,023101.102.57$112,349
Jan 201237328,36798.092.73$114,145
Dec 201155032,98596.873.24$160,141
Nov 201117733,76995.723.31$128,761
Oct 201155342,72584.983.65$202,878
Sep 201172447,63283.623.99$250,393
Aug 201170950,81283.404.15$269,966
Jul 201190649,92594.144.52$310,814
Jun 201154347,66392.904.64$271,595
May 20111,05858,56798.134.40$361,799
Apr 201189963,527105.964.33$370,538
Mar 20111,43679,42796.364.06$460,635
Feb 20111,10379,23785.644.18$425,670
Jan 20111,26785,58686.504.59$502,331
Dec 201090575,77085.734.35$407,015
Nov 20101,08168,19180.843.80$346,195
Oct 201068450,26778.103.51$229,802
Sep 201034817,18472.633.98$93,658
Aug 201017815,99573.684.42$83,803
Jul 2010011,26372.554.74$53,347
Jun 20101719,82170.364.91$60,257
May 20101,43476,99571.124.24$428,077
Apr 201089158,34981.694.12$313,341
Mar 20101,06175,98178.394.39$416,627
Feb 20101,05665,65773.585.44$435,030
Jan 201053260,25774.365.96$398,938
Dec 20091,42478,33271.445.48$531,284
Nov 20091,07978,67974.593.75$375,647
Oct 20091,74987,11772.544.11$484,945
Sep 20091,38985,70865.543.06$353,709
Aug 20091,13675,67867.423.22$320,159
Jul 200997476,83561.133.46$325,735
Jun 20091,52271,28266.163.90$378,339
May 200939151,42854.743.93$223,297
Apr 200938632,92746.773.59$136,179
Mar 200908,97442.144.06$36,425

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 2013 — as filed, then multipliedworked
Condensate            60 bbl  × $104.25 =     $6,255
Gas                    0 Mcf  × $  3.52 =         $0

────────────────────────────────────────────────────
Month total                                   $6,255

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/251940 is the state's own key, not one this site invented.