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FLAG POND

Operated by PONDEROSA OIL & GAS, LLC (P-5 670093) in the FLAGPOND (FRIO LOWER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 287863District 03Field 31194400CondensateGasSaveExport
Value, all time
$7.5 M
Aug 2018 – Nov 2025
Value, last 12 filed months
$109 k
at the published price for each month
Months reported
88
no gaps in the span
Streams
2
condensate, gas

The FLAGPOND (FRIO LOWER) 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 5 leases and 5 wells, and the rule below applies to all of them.

Discovered
—
not filed
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 05/01/2016.”

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
CondensateDisposition32,903 bbl$1,785,552
GasProduction1,827,504 Mcf$5,673,413
Total$7,458,965

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 29.1142, -95.7531. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.11424, -95.75314 · 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
11,100 ft
1 wells filed one
Completion to plug
7.3 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 11,100 ft.

Completions filed
Aug 2018
1 of 1 wells
Plug dates filed
Nov 2025
1 of 1 wells

Last completion to plug: a median of 7.3 years across the 1 well that filed both dates, with the middle half between 7.3 years and 7.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-03933318411,100 ftAug 2018Nov 2025Yes

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 (88)

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

88 months

Nov 20250058.593.93$0
Oct 2025187059.383.30$11,104
Sep 20250062.743.08$0
Aug 202503,04263.933.01$9,171
Jul 20251752,05666.743.32$18,496
Jun 20250066.483.13$0
May 202502,50960.553.23$8,110
Apr 20251784,55162.363.54$27,225
Mar 20250067.704.27$0
Feb 202501,77370.884.34$7,696
Jan 202501,65774.324.28$7,090
Dec 20241782,36768.993.12$19,669
Nov 202404,00169.052.20$8,796
Oct 202403,30071.372.28$7,529
Sep 202402,38969.612.36$5,648
Aug 202407,02675.632.06$14,499
Jul 2024013,26079.932.15$28,464
Jun 20243534,22678.082.63$38,693
May 202401,57078.812.20$3,452
Apr 2024012284.451.66$202
Mar 2024010,74380.301.55$16,599
Feb 2024012,00276.091.78$21,407
Jan 2024027773.023.30$913
Dec 202301,71471.262.61$4,475
Nov 202318823477.892.81$15,300
Oct 20230785.443.09$22
Sep 202307,21489.042.74$19,731
Aug 202305,18880.522.67$13,867
Jul 202307,55074.852.64$19,946
Jun 202318866368.962.26$14,462
May 202308,42970.622.23$18,775
Apr 2023042978.122.24$960
Mar 202301,44072.852.39$3,446
Feb 202307875.112.47$192
Jan 2023010,34776.533.39$35,053
Dec 20223441,07276.415.73$32,427
Nov 2022097085.005.65$5,477
Oct 202208,93087.185.86$52,363
Sep 202202,59284.888.16$21,160
Aug 202206,73194.529.13$61,435
Jul 202209,449101.587.54$71,265
Jun 20221537,091115.097.98$74,175
May 202218211,242109.378.43$114,710
Apr 2022014,077104.226.84$96,253
Mar 20221842,894108.885.08$34,725
Feb 2022012,38891.054.86$60,191
Jan 2022011,22181.844.54$50,917
Dec 202135911,33871.323.90$69,812
Nov 202117921,88277.435.24$128,453
Oct 202135924,94279.795.71$171,160
Sep 202117730,51969.865.35$175,670
Aug 202135020,01166.024.22$107,565
Jul 202149840,95270.783.98$198,323
Jun 202149342,18469.493.38$176,867
May 202132641,04363.483.02$144,549
Apr 202169944,62460.362.76$165,283
Mar 202118327,04661.302.72$84,700
Feb 202151419,64857.805.55$138,715
Jan 202112736,43450.412.81$108,791
Dec 202071538,82644.642.68$135,795
Nov 202034334,41838.772.71$106,453
Oct 202034422,34136.972.48$68,088
Sep 202034922,46537.091.99$57,673
Aug 202035120,73439.982.39$63,486
Jul 202037226,44638.371.83$62,541
Jun 20201,08036,99634.901.69$100,227
May 2020042,85816.921.81$77,777
Apr 202091245,43614.751.80$95,436
Mar 202073442,06230.341.86$100,346
Feb 202071441,28449.881.98$117,384
Jan 202073353,25957.252.09$153,528
Dec 20191,13058,30959.012.30$201,046
Nov 201993654,99855.302.75$203,044
Oct 20191,48868,69253.472.42$245,698
Sep 201938727,55955.052.66$94,536
Aug 20190053.112.30$0
Jul 20191,16817,66956.272.46$109,190
Jun 201992960,67652.782.49$200,189
May 20191,52567,78058.482.74$274,921
Apr 20191,50969,97562.632.75$286,989
Mar 20191,62375,98956.803.06$324,872
Feb 20192,28874,85350.852.79$325,351
Jan 20191,51569,81346.033.23$295,104
Dec 20181,98063,93946.594.19$359,861
Nov 20182,14180,88752.934.24$456,061
Oct 20181,06330,02661.443.40$167,341
Sep 201802,18759.543.11$6,797
Aug 201807,58359.403.07$23,254

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 2025 — as filed, then multipliedworked
Condensate           187 bbl  × $ 59.38 =    $11,104
Gas                    0 Mcf  × $  3.30 =         $0

────────────────────────────────────────────────────
Month total                                  $11,104

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/287863 is the state's own key, not one this site invented.