TORTORIS ET AL

Operated by MAGNUM PRODUCING, LP (P-5 521516) in the PORT NECHES, N (SEG WEST 8600) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 264350District 03Field 72443830CondensateGasSave
Value, all time
$18.0 M
Jan 2012 – Jan 2016
Value, last 12 filed months
$638 k
at the published price for each month
Months reported
49
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
CondensateDisposition72,006 bbl$6,542,945
GasProduction3,359,328 Mcf$11,504,234
Total$18,047,179

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 30.0395, -93.9771. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.03951, -93.97714 · 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
8,752 ft
1 wells filed one
Completion to plug
4.0 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 8,752 ft.

Completions filed
Jan 2012
1 of 1 wells
Plug dates filed
Jan 2016
1 of 1 wells

Last completion to plug: a median of 4.0 years across the 1 well that filed both dates, with the middle half between 4.0 years and 4.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3613091118,752 ftJan 2012Jan 2016Yes

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 (49)

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

49 months

Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 2015167042.992.76$7,179
Aug 20152036,48140.162.87$26,769
Jul 201536724,43948.152.95$89,646
Jun 201518024,22756.152.88$79,950
May 201557727,72255.212.96$113,787
Apr 201538328,51149.822.71$96,248
Mar 201575431,94942.892.93$126,100
Feb 201520629,88844.662.98$98,152
Jan 201558834,94343.433.10$133,882
Dec 201460334,14554.693.59$155,605
Nov 201419130,25970.464.25$142,114
Oct 201479537,24478.303.90$207,536
Sep 201457237,55086.164.05$201,190
Aug 201457441,93489.394.04$220,519
Jul 201480241,57896.564.18$251,221
Jun 201459341,27998.164.74$253,743
May 201477942,87694.734.73$276,451
Apr 201478142,16795.944.81$277,715
Mar 201478744,98695.895.06$302,951
Feb 201477642,48997.406.19$338,674
Jan 201498650,09890.404.86$332,647
Dec 201377749,31591.824.35$286,085
Nov 20131,15155,40588.853.74$309,386
Oct 20131,35565,57397.423.78$379,828
Sep 201377863,059104.113.72$315,435
Aug 20131,71272,823104.253.52$435,003
Jul 20131,34482,578102.523.72$444,790
Jun 20131,93098,95594.403.93$571,423
May 20132,786130,47994.834.15$805,564
Apr 20132,591129,50793.964.28$798,076
Mar 20132,844134,93493.623.91$794,234
Feb 20132,640121,79991.233.42$657,389
Jan 20133,192133,31691.603.42$748,316
Dec 20122,598130,11986.773.42$670,456
Nov 20122,983127,38286.953.62$721,127
Oct 20123,513132,87189.383.40$765,711
Sep 20122,756130,69794.672.92$642,337
Aug 20123,316137,35292.662.91$706,702
Jul 20122,963129,34585.133.02$642,966
Jun 20123,553126,64379.822.52$602,619
May 20123,170128,70991.612.49$610,673
Apr 20123,127123,495101.652.00$564,454
Mar 20123,742129,732105.052.22$681,372
Feb 20123,344125,745101.102.57$661,273
Jan 20122,177104,73098.092.73$499,882

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.

Sep 2015 — as filed, then multipliedworked
Condensate           167 bbl  × $ 42.99 =     $7,179
Gas                    0 Mcf  × $  2.76 =         $0

────────────────────────────────────────────────────
Month total                                   $7,179

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/264350 is the state's own key, not one this site invented.