PIERCE ESTATES

Operated by REMORA MANAGEMENT, LLC (P-5 701560) in the MAGNET WITHERS (F-13) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 272056District 03Field 56688234CondensateGasSaveExport
Value, all time
$2.2 M
Jun 2013 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
156
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 19 leases and 19 wells, and the rule below applies to all of them.

Discovered
1963-02-15
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: AOF-1 AND AOF-2 EFFECTIVE 10/01/2014.

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
CondensateDisposition182 bbl$7,231
GasProduction549,169 Mcf$2,156,901
Total$2,164,132

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 29.1511, -96.0981. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.15106, -96.09810 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,000 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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 9,000 ft.

Completions filed
Jun 2013
1 of 1 wells

1 well

42-48134615C2359,000 ftJun 2013

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 (156)

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

156 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 202102,42269.493.38$8,188
May 202102,31263.483.02$6,977
Apr 202102,45560.362.76$6,772
Mar 202102,55061.302.72$6,928
Feb 202102,11257.805.55$11,717
Jan 202102,11250.412.81$5,935
Dec 202001,96544.642.68$5,257
Nov 202008738.772.71$235
Oct 2020027836.972.48$689
Sep 2020024337.091.99$484
Aug 2020027739.982.39$661
Jul 2020026738.371.83$487
Jun 2020026234.901.69$443
May 2020327516.921.81$550
Apr 20202826014.751.80$882
Mar 20204526830.341.86$1,863
Feb 2020024849.881.98$491
Jan 2020026957.252.09$563
Dec 2019028659.012.30$659
Nov 2019026655.302.75$732
Oct 2019028153.472.42$680
Sep 2019026255.052.66$696
Aug 2019078553.112.30$1,809
Jul 2019028156.272.46$691
Jun 2019033952.782.49$845
May 2019040358.482.74$1,104
Apr 2019035662.632.75$979
Mar 2019027456.803.06$839
Feb 2019017250.852.79$480
Jan 2019021446.033.23$691
Dec 2018029646.594.19$1,239
Nov 2018225152.934.24$1,169
Oct 20181661561.443.40$3,073
Sep 20182239259.543.11$2,528
Aug 2018050359.403.07$1,542
Jul 2018062165.142.93$1,821
Jun 2018060060.183.08$1,846
May 2018049365.382.90$1,430
Apr 2018064063.842.90$1,857
Mar 2018045861.222.79$1,276
Feb 2018014961.782.77$412
Jan 2018010262.874.01$409
Dec 20170157.272.92$3
Nov 20170355.423.12$9
Oct 20170449.292.98$12
Sep 20170247.523.09$6
Aug 20170145.373.00$3
Jul 20174343.873.09$185
Jun 201722242.493.09$941
May 201713445.373.26$603
Apr 20170547.933.21$16
Mar 20170246.772.98$6
Feb 20170150.452.95$3
Jan 20170149.413.42$3
Dec 20160148.763.72$4
Nov 20162142.492.64$88
Oct 20161592646.193.09$3,554
Sep 2016851541.553.10$1,929
Aug 2016055041.442.92$1,608
Jul 2016097041.622.92$2,837
Jun 201601,25245.352.69$3,363
May 201605,16742.521.99$10,288
Apr 201604,26836.561.99$8,498
Mar 201606,60933.011.79$11,857
Feb 201607,26326.472.06$14,988
Jan 201607,56027.352.36$17,875
Dec 201504,57832.362.00$9,162
Nov 201504,17938.792.17$9,057
Oct 201504,58443.552.43$11,123
Sep 201502,51242.992.76$6,929
Aug 201503,94840.162.87$11,341
Jul 201508,30248.152.95$24,450
Jun 201506,75256.152.88$19,465
May 201506,69455.212.96$19,784
Apr 201508,21349.822.71$22,229
Mar 201505,47542.892.93$16,068
Feb 2015015,85744.662.98$47,193
Jan 2015013,26043.433.10$41,114
Dec 2014026,89954.693.59$96,604
Nov 2014026,83570.464.25$114,098
Oct 2014034,70178.303.90$135,367
Sep 2014037,12886.164.05$150,199
Aug 2014038,20689.394.04$154,166
Jul 2014032,36296.564.18$135,260
Jun 2014025,93798.164.74$122,860
May 2014026,35894.734.73$124,583
Apr 2014027,33395.944.81$131,448
Mar 2014168,39395.895.06$345,946
Feb 2014113,69897.406.19$84,915
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201306,188104.113.72$23,005
Aug 2013013,614104.253.52$47,957
Jul 2013011,980102.523.72$44,539
Jun 2013012,37194.403.93$48,660

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 2021 — as filed, then multipliedworked
Condensate             0 bbl  × $ 69.49 =         $0
Gas                2,422 Mcf  × $  3.38 =     $8,188

────────────────────────────────────────────────────
Month total                                   $8,188

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/272056 is the state's own key, not one this site invented.