GRACE

Name: GRACE lease production and value, Jul 2010 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SQUARE MILE ENERGY, L.L.C. (P-5 810815) in the COCONUT (ANOMALINA 4) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 259489District 03Field 192851002 tax incentive programmesCondensateGasSave Export

Value, all time

$55.3 M

Jul 2010 – Oct 2018

Value, last 12 filed months

$510 k

at the published price for each month

Months reported

100

no gaps in the span

Streams

condensate, gas

The COCONUT (ANOMALINA 4) field

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 6 leases and 6 wells, and the rule below applies to all of them.

Discovered

2007-04-15

as the register files it

Field class

Gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2007-08-14.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 09/01/2008.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2012-02-24	204139
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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.

Stream	Basis	Volume	Value
Condensate	Disposition	351,032 bbl	$27,080,149
Gas	Production	8,175,187 Mcf	$28,205,184
Total			$55,285,333

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 28.8518, -96.2069. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.85185, -96.20693 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

11,510 ft

1 wells filed one

Completion to plug

3.2 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 11,510 ft.

Completions filed

Aug 2015

1 of 1 wells

Plug dates filed

Oct 2018

1 of 1 wells

Last completion to plug: a median of 3.2 years across the 1 well that filed both dates, with the middle half between 3.2 years and 3.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-32132302	1	11,510 ft	Aug 2015	Oct 2018	Yes

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 (100)

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

100 months


Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	548	5,510	63.84	2.90	$50,968
Mar 2018	370	25,361	61.22	2.79	$93,328
Feb 2018	733	26,424	61.78	2.77	$118,377
Jan 2018	187	5,912	62.87	4.01	$35,460
Dec 2017	555	18,153	57.27	2.92	$84,819
Nov 2017	727	27,720	55.42	3.12	$126,731
Oct 2017	721	31,135	49.29	2.98	$128,435
Sep 2017	182	13,617	47.52	3.09	$50,688
Aug 2017	556	24,048	45.37	3.00	$97,476
Jul 2017	737	31,047	43.87	3.09	$128,183
Jun 2017	733	30,637	42.49	3.09	$125,730
May 2017	541	29,622	45.37	3.26	$121,214
Apr 2017	661	29,434	47.93	3.21	$126,212
Mar 2017	379	12,763	46.77	2.98	$55,807
Feb 2017	1,303	65,433	50.45	2.95	$258,934
Jan 2017	2,259	100,956	49.41	3.42	$456,766
Dec 2016	2,611	107,869	48.76	3.72	$528,890
Nov 2016	2,389	106,060	42.49	2.64	$381,968
Oct 2016	3,312	110,326	46.19	3.09	$493,917
Sep 2016	3,178	103,741	41.55	3.10	$453,708
Aug 2016	3,594	106,335	41.44	2.92	$459,895
Jul 2016	4,942	108,324	41.62	2.92	$522,462
Jun 2016	4,300	91,123	45.35	2.69	$439,746
May 2016	4,733	94,228	42.52	1.99	$388,859
Apr 2016	4,504	91,739	36.56	1.99	$347,322
Mar 2016	6,288	94,697	33.01	1.79	$377,454
Feb 2016	5,738	89,187	26.47	2.06	$335,934
Jan 2016	6,462	95,108	27.35	2.36	$401,605
Dec 2015	7,210	97,323	32.36	2.00	$428,099
Nov 2015	7,683	94,585	38.79	2.17	$503,020
Oct 2015	6,907	97,780	43.55	2.43	$538,071
Sep 2015	6,698	93,429	42.99	2.76	$545,663
Aug 2015	3,572	61,174	40.16	2.87	$319,173
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	359	8,475	56.15	2.88	$44,590
May 2015	728	20,723	55.21	2.96	$101,439
Apr 2015	537	17,918	49.82	2.71	$75,250
Mar 2015	863	28,337	42.89	2.93	$120,175
Feb 2015	533	28,451	44.66	2.98	$108,479
Jan 2015	757	32,612	43.43	3.10	$133,994
Dec 2014	902	40,499	54.69	3.59	$194,777
Nov 2014	1,105	45,168	70.46	4.25	$269,905
Oct 2014	1,106	50,785	78.30	3.90	$284,710
Sep 2014	906	62,291	86.16	4.05	$330,055
Aug 2014	1,107	71,595	89.39	4.04	$387,849
Jul 2014	1,275	73,732	96.56	4.18	$431,284
Jun 2014	925	61,390	98.16	4.74	$381,595
May 2014	1,464	80,402	94.73	4.73	$518,710
Apr 2014	1,097	60,062	95.94	4.81	$394,092
Mar 2014	1,618	95,109	95.89	5.06	$636,097
Feb 2014	1,804	105,622	97.40	6.19	$829,721
Jan 2014	2,378	127,345	90.40	4.86	$833,960
Dec 2013	2,375	131,407	91.82	4.35	$790,282
Nov 2013	2,525	127,582	88.85	3.74	$701,283
Oct 2013	2,322	129,253	97.42	3.78	$714,703
Sep 2013	2,780	122,637	104.11	3.72	$745,358
Aug 2013	3,036	131,844	104.25	3.52	$780,938
Jul 2013	3,899	131,670	102.52	3.72	$889,240
Jun 2013	3,306	127,553	94.40	3.93	$813,805
May 2013	4,031	131,391	94.83	4.15	$927,412
Apr 2013	4,052	129,082	93.96	4.28	$933,531
Mar 2013	4,646	133,116	93.62	3.91	$955,824
Feb 2013	4,371	118,980	91.23	3.42	$805,667
Jan 2013	5,630	132,161	91.60	3.42	$967,687
Dec 2012	5,935	133,119	86.77	3.42	$970,268
Nov 2012	6,056	130,112	86.95	3.62	$998,220
Oct 2012	6,774	133,680	89.38	3.40	$1,059,929
Sep 2012	6,504	127,372	94.67	2.92	$987,456
Aug 2012	7,057	133,116	92.66	2.91	$1,041,024
Jul 2012	6,742	116,865	85.13	3.02	$926,972
Jun 2012	6,880	119,377	79.82	2.52	$849,877
May 2012	8,318	126,818	91.61	2.49	$1,077,576
Apr 2012	8,675	125,856	101.65	2.00	$1,133,123
Mar 2012	8,079	136,496	105.05	2.22	$1,152,004
Feb 2012	8,657	135,952	101.10	2.57	$1,224,652
Jan 2012	10,489	155,412	98.09	2.73	$1,453,775
Dec 2011	10,449	166,527	96.87	3.24	$1,551,699
Nov 2011	11,365	174,934	95.72	3.31	$1,667,113
Oct 2011	9,479	151,364	84.98	3.65	$1,357,783
Sep 2011	703	11,110	83.62	3.99	$103,067
Aug 2011	522	5,859	83.40	4.15	$67,846
Jul 2011	1,553	59,040	94.14	4.52	$412,897
Jun 2011	3,138	83,386	92.90	4.64	$678,421
May 2011	2,055	77,032	98.13	4.40	$540,969
Apr 2011	4,624	119,206	105.96	4.33	$1,006,512
Mar 2011	9,118	174,508	96.36	4.06	$1,586,649
Feb 2011	9,429	187,874	85.64	4.18	$1,592,809
Jan 2011	11,289	193,439	86.50	4.59	$1,864,148
Dec 2010	4,857	102,175	85.73	4.35	$860,622
Nov 2010	14,751	243,274	80.84	3.80	$2,115,776
Oct 2010	9,162	166,868	78.10	3.51	$1,301,074
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	245	270	73.68	4.42	$19,245
Jul 2010	377	6,154	72.55	4.74	$56,500

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.

Apr 2018 — as filed, then multipliedworked

Condensate           548 bbl  × $ 63.84 =    $34,984
Gas                5,510 Mcf  × $  2.90 =    $15,983

────────────────────────────────────────────────────
Month total                                  $50,968

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/259489 is the state's own key, not one this site invented.