FUTURE SACE LLC

Operated by CHOICE EXPLORATION, INC. (P-5 150655) in the COTTONWOOD, S.E. (YEGUA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 257767District 03Field 21029500CondensateGasSaveExport
Value, all time
$5.4 M
Jun 2010 – Jan 2018
Value, last 12 filed months
$0
at the published price for each month
Months reported
92
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 3 leases and 3 wells, and the rule below applies to all of them.

Discovered
1981-06-07
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: ALLOCATION FORMULA EFF. 5-1-82 PER AMENDMENT TO SWR 28 & 29

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
CondensateDisposition47,211 bbl$4,291,101
GasProduction325,602 Mcf$1,150,733
Total$5,441,834

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 29.9198, -94.4467. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.91984, -94.44675 · 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
16,648 ft
1 wells filed one
Completion to plug
3.3 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 16,648 ft.

Completions filed
Feb 2012
1 of 1 wells
Plug dates filed
May 2015
1 of 1 wells

Last completion to plug: a median of 3.3 years across the 1 well that filed both dates, with the middle half between 3.3 years and 3.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-29132807116,648 ftFeb 2012May 2015Yes

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 (92)

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

92 months

Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
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 20160042.492.64$0
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 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 201391094.403.93$8,590
May 20130094.834.15$0
Apr 201358753093.964.28$57,424
Mar 2013171493.623.91$2,887
Feb 20130091.233.42$0
Jan 2013027791.603.42$947
Dec 20121953,20986.773.42$27,895
Nov 20124172,77686.953.62$46,321
Oct 20127645,18189.383.40$85,900
Sep 20129545,79494.672.92$107,224
Aug 20129305,61592.662.91$102,503
Jul 20129505,00785.133.02$95,999
Jun 20121,6896,52879.822.52$151,260
May 20121,79311,73691.612.49$193,460
Apr 20123,40015,119101.652.00$375,800
Mar 20126,59132,127105.052.22$763,773
Feb 20124,31923,425101.102.57$496,859
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 2011158084.983.65$13,427
Sep 201117426983.623.99$15,622
Aug 20111771,22183.404.15$19,828
Jul 20111762,38394.144.52$27,333
Jun 20115423,69092.904.64$67,473
May 20111815,13198.134.40$40,363
Apr 20117228,706105.964.33$114,229
Mar 20111,68313,63896.364.06$217,508
Feb 20111,12011,01285.644.18$141,947
Jan 20112,74227,49386.504.59$363,342
Dec 20104,65538,48185.734.35$566,379
Nov 20108,62364,79180.843.80$942,987
Oct 20103,57725,54478.103.51$368,995
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 201005,20570.364.91$25,559

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.

Jun 2013 — as filed, then multipliedworked
Condensate            91 bbl  × $ 94.40 =     $8,590
Gas                    0 Mcf  × $  3.93 =         $0

────────────────────────────────────────────────────
Month total                                   $8,590

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/257767 is the state's own key, not one this site invented.