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PIERCE ESTATE

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 276982District 03Field 56688234CondensateGasSaveExport
Value, all time
$1.3 M
Apr 2014 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
146
no gaps in the span
Streams
2
condensate, gas

The MAGNET WITHERS (F-13) 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 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
CondensateDisposition130 bbl$7,198
GasProduction368,513 Mcf$1,294,940
Total$1,302,137

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 29.1487, -96.0863. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.14873, -96.08634 · 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
6,800 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 6,800 ft.

Completions filed
Apr 2014
1 of 1 wells

1 well

42-48135233C2576,800 ftApr 2014——

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 (146)

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

146 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 202101,43279.795.71$8,182
Sep 202101,50069.865.35$8,026
Aug 202102,45566.024.22$10,362
Jul 202102,39670.783.98$9,541
Jun 202102,45569.493.38$8,299
May 202102,62263.483.02$7,912
Apr 202102,50260.362.76$6,902
Mar 2021482,42961.302.72$9,542
Feb 202102,60057.805.55$14,425
Jan 202102,06550.412.81$5,803
Dec 202002,21644.642.68$5,929
Nov 202006938.772.71$187
Oct 2020022036.972.48$545
Sep 2020017837.091.99$354
Aug 2020019239.982.39$458
Jul 2020020038.371.83$365
Jun 2020018234.901.69$308
May 2020017716.921.81$321
Apr 2020017014.751.80$307
Mar 2020017330.341.86$321
Feb 2020016549.881.98$327
Jan 2020018357.252.09$383
Dec 2019019459.012.30$447
Nov 2019018155.302.75$498
Oct 2019019353.472.42$467
Sep 2019018355.052.66$486
Aug 2019052853.112.30$1,217
Jul 2019018556.272.46$455
Jun 2019017752.782.49$441
May 2019018358.482.74$501
Apr 2019016062.632.75$440
Mar 2019416556.803.06$732
Feb 20194423450.852.79$2,891
Jan 20192524346.033.23$1,935
Dec 2018022946.594.19$958
Nov 2018041252.934.24$1,746
Oct 2018076061.443.40$2,583
Sep 2018061259.543.11$1,902
Aug 2018188459.403.07$2,770
Jul 201851,02365.142.93$3,325
Jun 201801,06660.183.08$3,280
May 2018093165.382.90$2,701
Apr 201801,11663.842.90$3,237
Mar 2018067061.222.79$1,867
Feb 2018023561.782.77$650
Jan 2018194262.874.01$3,840
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170149.292.98$3
Sep 20170047.523.09$0
Aug 20170145.373.00$3
Jul 20170143.873.09$3
Jun 20170142.493.09$3
May 20170345.373.26$10
Apr 20170147.933.21$3
Mar 20170146.772.98$3
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160148.763.72$4
Nov 20160142.492.64$3
Oct 2016090746.193.09$2,803
Sep 2016054241.553.10$1,681
Aug 2016068141.442.92$1,991
Jul 201601,67441.622.92$4,895
Jun 201601,84745.352.69$4,961
May 201604,96042.521.99$9,876
Apr 201603,32936.561.99$6,628
Mar 201604,57333.011.79$8,204
Feb 201604,47326.472.06$9,231
Jan 201604,67727.352.36$11,058
Dec 201502,52832.362.00$5,060
Nov 201502,70238.792.17$5,856
Oct 201503,57043.552.43$8,663
Sep 201506,15942.992.76$16,989
Aug 201508,25340.162.87$23,707
Jul 201506,25248.152.95$18,413
Jun 201505,50756.152.88$15,876
May 201505,91855.212.96$17,490
Apr 201507,56349.822.71$20,470
Mar 201506,68042.892.93$19,604
Feb 2015031,58944.662.98$94,015
Jan 2015029,64043.433.10$91,903
Dec 2014028,53654.693.59$102,483
Nov 2014029,40570.464.25$125,025
Oct 2014033,05678.303.90$128,950
Sep 2014028,20986.164.05$114,118
Aug 2014023,38489.394.04$94,357
Jul 2014015,10196.564.18$63,116
Jun 2014012,18598.164.74$57,719
May 201409,94694.734.73$47,010
Apr 201426,56995.944.81$31,783

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.

Oct 2021 — as filed, then multipliedworked
Condensate             0 bbl  × $ 79.79 =         $0
Gas                1,432 Mcf  × $  5.71 =     $8,182

────────────────────────────────────────────────────
Month total                                   $8,182

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/276982 is the state's own key, not one this site invented.