NEPTUNE

Name: NEPTUNE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TEMA OIL AND GAS COMPANY (P-5 841329) in the NEW ULM (LWR WILCOX CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 55479District 03Field 65248075CondensateGasSave Export

Value, all time

$1.2 M

Jan 1993 – May 2007

Value, last 12 filed months

at the published price for each month

Months reported

173

no gaps in the span

Streams

condensate, gas

The NEW ULM (LWR WILCOX CONS.) 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 40 leases and 44 wells, and the rule below applies to all of them.

Discovered

2006-10-10

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 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 2006-10-10.

The Commission's schedule remark for this field reads: “AND TWO PART ALLOCATION FORMULA WHICH IS SUSPENDED.”

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	11,573 bbl	$253,167
Gas	Production	358,374 Mcf	$905,863
Total			$1,159,030

136,212 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 29.8940, -96.4236. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.89400, -96.42363 · 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

11,016 ft

1 wells filed one

Completion to plug

33.7 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 11,016 ft.

Completions filed

Jun 1973

1 of 1 wells

Plug dates filed

Feb 2007

1 of 1 wells

Last completion to plug: a median of 33.7 years across the 1 well that filed both dates, with the middle half between 33.7 years and 33.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-01530117	1	11,016 ft	Jun 1973	Feb 2007	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 (173)

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

173 months


May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	80	857	57.59	7.75	$11,250
Jan 2006	0	1,471	60.59	8.93	$13,141
Dec 2005	103	1,193	54.94	13.42	$21,663
Nov 2005	0	1,174	54.69	10.59	$12,431
Oct 2005	32	191	58.34	13.80	$4,502
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	249	61.51	9.80	$2,439
Jul 2005	44	1,808	55.69	7.84	$16,632
Jun 2005	149	1,991	52.33	7.38	$22,493
May 2005	2	2,279	45.22	6.65	$15,248
Apr 2005	173	1,565	49.20	7.36	$20,031
Mar 2005	0	546	50.37	7.15	$3,907
Feb 2005	7	47	45.22	6.31	$613
Jan 2005	0	1,336	43.16	6.32	$8,446
Dec 2004	190	1,843	39.86	6.75	$20,016
Nov 2004	0	1,847	45.28	6.33	$11,692
Oct 2004	0	2,020	49.70	6.52	$13,161
Sep 2004	0	1,856	43.24	5.28	$9,807
Aug 2004	173	2,214	42.37	5.55	$19,619
Jul 2004	0	2,179	38.28	6.08	$13,257
Jun 2004	0	2,166	36.10	6.43	$13,934
May 2004	173	2,106	37.48	6.49	$20,162
Apr 2004	0	1,865	34.47	5.86	$10,926
Mar 2004	181	2,087	34.36	5.53	$17,761
Feb 2004	0	1,918	32.45	5.51	$10,567
Jan 2004	0	2,244	32.03	6.30	$14,136
Dec 2003	0	1,720	30.26	6.30	$10,839
Nov 2003	167	1,849	28.80	4.60	$13,306
Oct 2003	192	1,743	28.17	4.76	$13,705
Sep 2003	0	2,031	26.31	4.75	$9,646
Aug 2003	0	2,194	29.76	5.13	$11,255
Jul 2003	0	1,926	29.41	5.17	$9,959
Jun 2003	0	2,369	28.56	5.98	$14,174
May 2003	186	2,503	26.59	5.97	$19,895
Apr 2003	0	2,509	26.67	5.41	$13,567
Mar 2003	0	2,239	31.14	6.10	$13,649
Feb 2003	172	1,628	33.48	7.93	$18,662
Jan 2003	0	2,224	30.31	5.58	$12,414
Dec 2002	0	2,195	26.91	4.85	$10,654
Nov 2002	175	1,824	24.66	4.14	$11,861
Oct 2002	0	2,135	26.46	4.23	$9,029
Sep 2002	0	517	27.44	3.64	$1,879
Aug 2002	182	2,014	25.96	3.16	$11,097
Jul 2002	0	2,068	24.58	3.06	$6,332
Jun 2002	0	1,856	23.73	3.34	$6,196
May 2002	0	2,491	24.66	3.58	$8,928
Apr 2002	193	3,990	23.65	3.51	$18,579
Mar 2002	0	2,489	22.00	3.10	$7,723
Feb 2002	0	2,231	18.22	2.38	$5,300
Jan 2002	191	2,454	17.17	2.38	$9,109
Dec 2001	0	2,399	16.93	2.36	$5,672
Nov 2001	186	1,509	18.07	2.41	$6,991
Oct 2001	0	1,536	19.78	2.53	$3,884
Sep 2001	0	2,012	24.26	2.25	$4,530
Aug 2001	0	1,911	24.87	3.05	$5,835
Jul 2001	0	2,060	23.93	3.20	$6,586
Jun 2001	153	2,118	24.56	3.82	$11,857
May 2001	163	2,311	25.52	4.31	$14,114
Apr 2001	0	2,401	24.68	5.34	$12,810
Mar 2001	186	2,042	24.54	5.38	$15,543
Feb 2001	0	1,908	27.75	5.77	$11,004
Jan 2001	0	2,074	27.47	8.40	$17,419
Dec 2000	190	2,359	26.88	9.12	$26,627
Nov 2000	0	2,080	32.21	5.66	$11,769
Oct 2000	0	2,137	31.23	5.15	$10,996
Sep 2000	0	2,042	31.87	5.19	$10,591
Aug 2000	0	1,999	29.64	4.54	$9,077
Jul 2000	164	2,094	28.53	4.09	$13,243
Jun 2000	0	1,890	29.30	4.40	$8,311
May 2000	185	2,210	27.26	3.68	$13,175
Apr 2000	0	2,146	24.51	3.12	$6,687
Mar 2000	0	2,200	28.42	2.86	$6,291
Feb 2000	174	2,004	27.62	2.73	$10,270
Jan 2000	0	1,767	25.27	2.48	$4,383
Dec 1999	0	1,708	24.28	2.42	$4,140
Nov 1999	174	1,927	23.19	2.43	$8,725
Oct 1999	0	1,892	20.98	2.80	$5,305
Sep 1999	0	2,094	21.75	2.62	$5,484
Aug 1999	167	2,003	19.26	2.88	$8,976
Jul 1999	0	2,214	17.89	2.37	$5,252
Jun 1999	0	2,060	15.94	2.36	$4,866
May 1999	257	2,401	15.79	2.32	$9,631
Apr 1999	0	2,277	15.10	2.21	$5,028
Mar 1999	185	2,362	12.47	1.84	$6,649
Feb 1999	0	2,499	9.98	1.82	$4,543
Jan 1999	0	1,360	10.38	1.90	$2,584
Dec 1998	0	2,201	9.20	1.77	$3,903
Nov 1998	279	2,453	10.89	2.19	$8,400
Oct 1998	0	2,498	12.42	1.97	$4,919
Sep 1998	48	2,556	12.59	2.08	$5,928
Aug 1998	183	2,399	11.30	1.91	$6,644
Jul 1998	0	2,676	11.74	2.24	$5,987
Jun 1998	0	2,385	11.24	2.24	$5,336
May 1998	189	2,448	12.62	2.21	$7,786
Apr 1998	182	2,514	13.04	2.51	$8,672
Mar 1998	0	2,486	12.80	2.31	$5,741
Feb 1998	193	2,252	13.95	2.30	$7,870
Jan 1998	0	2,699	14.70	2.15	$5,816
Dec 1997	0	2,219	16.32	2.41	$5,350
Nov 1997	193	2,714	18.19	3.09	$11,892
Oct 1997	0	2,678	19.25	3.15	$8,435
Sep 1997	192	2,506	17.74	2.95	$10,811
Aug 1997	0	2,590	17.86	2.55	$6,617
Jul 1997	186	2,562	17.58	2.25	$9,027
Jun 1997	0	2,358	17.24	2.26	$5,322
May 1997	192	2,606	18.97	2.31	$9,658
Apr 1997	0	2,224	17.88	2.08	$4,632
Mar 1997	185	1,778	18.95	1.94	$6,954
Feb 1997	192	1,871	20.49	2.21	$8,061
Jan 1997	0	2,232	23.48	3.54	$7,901
Dec 1996	193	2,757	23.32	—	$4,501
Nov 1996	0	2,542	21.97	—	$0
Oct 1996	0	2,420	23.31	—	$0
Sep 1996	189	2,982	22.22	—	$4,200
Aug 1996	0	2,869	20.26	—	$0
Jul 1996	0	2,681	19.55	—	$0
Jun 1996	0	2,555	18.73	—	$0
May 1996	179	2,780	19.43	—	$3,478
Apr 1996	0	2,841	21.51	—	$0
Mar 1996	193	2,706	19.38	—	$3,740
Feb 1996	0	2,220	16.98	—	$0
Jan 1996	185	2,500	17.07	—	$3,158
Dec 1995	0	2,237	17.19	—	$0
Nov 1995	186	2,398	16.00	—	$2,976
Oct 1995	0	2,795	15.43	—	$0
Sep 1995	183	2,796	16.18	—	$2,961
Aug 1995	0	2,712	15.92	—	$0
Jul 1995	185	2,591	15.24	—	$2,819
Jun 1995	0	2,693	16.41	—	$0
May 1995	0	2,834	17.56	—	$0
Apr 1995	184	2,660	17.73	—	$3,262
Mar 1995	190	2,763	16.44	—	$3,124
Feb 1995	0	2,492	16.58	—	$0
Jan 1995	0	2,886	15.92	—	$0
Dec 1994	185	2,959	15.03	—	$2,781
Nov 1994	163	2,904	15.90	—	$2,592
Oct 1994	0	2,960	15.58	—	$0
Sep 1994	181	2,932	15.29	—	$2,767
Aug 1994	184	2,993	16.13	—	$2,968
Jul 1994	185	3,010	17.56	—	$3,249
Jun 1994	0	3,140	17.09	—	$0
May 1994	186	3,292	15.88	—	$2,954
Apr 1994	0	3,441	14.14	—	$0
Mar 1994	185	4,143	12.46	—	$2,305
Feb 1994	0	3,481	12.50	—	$0
Jan 1994	184	4,134	12.66	—	$2,329
Dec 1993	186	4,313	12.33	—	$2,293
Nov 1993	186	4,200	14.49	—	$2,695
Oct 1993	0	4,117	15.85	—	$0
Sep 1993	158	4,777	15.03	—	$2,375
Aug 1993	184	4,541	15.66	—	$2,881
Jul 1993	0	3,420	15.46	—	$0
Jun 1993	188	1,084	16.79	—	$3,157
May 1993	0	1,398	17.68	—	$0
Apr 1993	0	1,329	18.05	—	$0
Mar 1993	0	1,327	18.14	—	$0
Feb 1993	188	1,205	17.90	—	$3,365
Jan 1993	0	1,402	16.93	—	$0

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.

Feb 2006 — as filed, then multipliedworked

Condensate            80 bbl  × $ 57.59 =     $4,607
Gas                  857 Mcf  × $  7.75 =     $6,643

────────────────────────────────────────────────────
Month total                                  $11,250

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/55479 is the state's own key, not one this site invented.