PIERCE ESTATES -E-

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

Operated by MCGOWAN WORKING PARTNERS, INC. (P-5 549836) in the PIERCE RANCH (4900) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11218District 03Field 71451500OilCasinghead gasSave Export

Value, all time

$2.9 M

Jan 1993 – May 2003

Value, last 12 filed months

at the published price for each month

Months reported

124

1 month not filed

Streams

oil, casinghead gas

The PIERCE RANCH (4900) 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 11 leases and 40 wells, and the rule below applies to all of them.

Discovered

1976-06-20

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres.

The Commission's schedule remark for this field reads: “FIELD RULES PER 3-80664”

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
Oil	Disposition	155,673 bbl	$2,709,450
Casinghead gas	Production	187,006 Mcf	$238,426
Total			$2,947,876

109,839 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 (10)

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 29.2394, -96.1623. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles. 1 well has no surveyed location and is left out of it.

29.24016, -96.16416 · centre of 9 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

60.0%

6 of 10 wells

With a plug date

20.0%

2 of 10 wells

Median depth

6,512 ft

10 wells filed one

Completion to plug

13.0 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

660.0%

A plug date is filed

220.0%

BothOn the schedule and plugged. Neither fact cancels the other.

220.0%

NeitherNo plug date, and not on the schedule.

440.0%

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

Total depth in feet, 10 of 10 wells. Median 6,512 ft, with the middle half between 5,454 and 6,513 ft; the shallowest is 5,000 ft and the deepest 6,514 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 10 of 10 wells, Nov 1978 – Jan 2013. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Nov 1978 – Jan 2013

10 of 10 wells

Plug dates filed

Dec 1993 – Jan 2002

2 of 10 wells; 8 filed none

Last completion to plug: a median of 13.0 years across the 2 wells that filed both dates, with the middle half between 10.1 years and 15.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

10 wells


42-48131043	2	6,512 ft	Jan 2013	—	—
42-48131105	7	5,101 ft	Nov 2010	—	Yes
42-48131036	1	6,512 ft	Apr 2003	—	—
42-48131173	10	6,513 ft	Apr 2003	—	—
42-48131065	4	6,512 ft	Feb 1990	—	—
42-48131112	8	6,514 ft	Sep 1986	Dec 1993	Yes
42-48132525	14	5,000 ft	May 1986	—	Yes
42-48132058	E 12	5,053 ft	May 1983	—	Yes
42-48131141	9	6,513 ft	May 1983	Jan 2002	Yes
42-48131077	5 F	6,514 ft	Nov 1978	—	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 (124)

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

124 months


May 2003	0	0	26.59	5.97	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	3	0	24.68	5.34	$74
Mar 2001	6	0	24.54	5.38	$147
Feb 2001	75	0	27.75	5.77	$2,081
Jan 2001	203	2,058	27.47	8.40	$22,861
Dec 2000	486	1,712	26.88	9.12	$28,681
Nov 2000	611	1,736	32.21	5.66	$29,503
Oct 2000	702	1,685	31.23	5.15	$30,594
Sep 2000	753	1,621	31.87	5.19	$32,405
Aug 2000	758	1,634	29.64	4.54	$29,887
Jul 2000	782	1,643	28.53	4.09	$29,030
Jun 2000	760	1,560	29.30	4.40	$29,128
May 2000	857	1,598	27.26	3.68	$29,242
Apr 2000	855	1,581	24.51	3.12	$25,882
Mar 2000	892	1,665	28.42	2.86	$30,112
Feb 2000	838	1,565	27.62	2.73	$27,413
Jan 2000	525	1,239	25.27	2.48	$16,340
Dec 1999	680	1,308	24.28	2.42	$19,681
Nov 1999	845	1,630	23.19	2.43	$23,563
Oct 1999	854	1,918	20.98	2.80	$23,294
Sep 1999	838	1,821	21.75	2.62	$22,995
Aug 1999	874	1,882	19.26	2.88	$22,245
Jul 1999	845	1,803	17.89	2.37	$19,394
Jun 1999	853	2,008	15.94	2.36	$18,340
May 1999	980	1,673	15.79	2.32	$19,357
Apr 1999	1,013	1,393	15.10	2.21	$18,372
Mar 1999	1,101	1,654	12.47	1.84	$16,770
Feb 1999	978	1,377	9.98	1.82	$12,264
Jan 1999	909	1,334	10.38	1.90	$11,970
Dec 1998	809	1,170	9.20	1.77	$9,518
Nov 1998	1,103	1,158	10.89	2.19	$14,543
Oct 1998	1,035	1,305	12.42	1.97	$15,425
Sep 1998	1,005	514	12.59	2.08	$13,723
Aug 1998	1,053	0	11.30	1.91	$11,899
Jul 1998	1,092	984	11.74	2.24	$15,022
Jun 1998	1,150	1,168	11.24	2.24	$15,539
May 1998	1,052	1,074	12.62	2.21	$15,646
Apr 1998	803	252	13.04	2.51	$11,102
Mar 1998	2,078	1,743	12.80	2.31	$30,624
Feb 1998	1,297	1,343	13.95	2.30	$21,181
Jan 1998	1,760	2,089	14.70	2.15	$30,373
Dec 1997	1,625	1,878	16.32	2.41	$31,048
Nov 1997	1,753	2,061	18.19	3.09	$38,252
Oct 1997	1,866	2,162	19.25	3.15	$42,730
Sep 1997	1,850	2,061	17.74	2.95	$38,909
Aug 1997	1,907	2,071	17.86	2.55	$39,350
Jul 1997	1,818	1,898	17.58	2.25	$36,225
Jun 1997	1,801	1,875	17.24	2.26	$35,281
May 1997	1,871	2,005	18.97	2.31	$40,121
Apr 1997	1,864	1,719	17.88	2.08	$36,909
Mar 1997	1,699	1,621	18.95	1.94	$35,339
Feb 1997	1,500	1,885	20.49	2.21	$34,893
Jan 1997	1,752	2,033	23.48	3.54	$48,333
Dec 1996	1,832	1,709	23.32	—	$42,722
Nov 1996	1,702	1,791	21.97	—	$37,393
Oct 1996	1,934	1,976	23.31	—	$45,082
Sep 1996	1,884	2,008	22.22	—	$41,862
Aug 1996	1,879	2,085	20.26	—	$38,069
Jul 1996	2,010	2,125	19.55	—	$39,296
Jun 1996	1,918	1,626	18.73	—	$35,924
May 1996	2,030	1,654	19.43	—	$39,443
Apr 1996	2,051	1,779	21.51	—	$44,117
Mar 1996	1,899	1,715	19.38	—	$36,803
Feb 1996	1,808	1,491	16.98	—	$30,700
Jan 1996	1,944	1,658	17.07	—	$33,184
Dec 1995	2,020	1,951	17.19	—	$34,724
Nov 1995	1,987	1,372	16.00	—	$31,792
Oct 1995	2,067	1,585	15.43	—	$31,894
Sep 1995	1,851	1,518	16.18	—	$29,949
Aug 1995	1,848	7,556	15.92	—	$29,420
Jul 1995	1,577	1,465	15.24	—	$24,033
Jun 1995	1,708	1,518	16.41	—	$28,028
May 1995	1,950	1,625	17.56	—	$34,242
Apr 1995	2,071	1,665	17.73	—	$36,719
Mar 1995	1,811	1,939	16.44	—	$29,773
Feb 1995	1,855	2,290	16.58	—	$30,756
Jan 1995	2,242	2,510	15.92	—	$35,693
Dec 1994	1,466	2,458	15.03	—	$22,034
Nov 1994	1,873	2,317	15.90	—	$29,781
Oct 1994	2,037	2,230	15.58	—	$31,736
Sep 1994	2,006	1,265	15.29	—	$30,672
Aug 1994	1,899	1,248	16.13	—	$30,631
Jul 1994	2,227	899	17.56	—	$39,106
Jun 1994	2,127	784	17.09	—	$36,350
May 1994	2,361	1,231	15.88	—	$37,493
Apr 1994	1,417	813	14.14	—	$20,036
Mar 1994	2,322	1,156	12.46	—	$28,932
Feb 1994	2,066	6,154	12.50	—	$25,825
Jan 1994	2,368	6,553	12.66	—	$29,979
Dec 1993	2,392	5,409	12.33	—	$29,493
Nov 1993	2,337	7,218	14.49	—	$33,863
Oct 1993	2,514	2,650	15.85	—	$39,847
Sep 1993	2,489	2,389	15.03	—	$37,410
Aug 1993	2,560	2,096	15.66	—	$40,090
Jul 1993	2,592	2,987	15.46	—	$40,072
Jun 1993	2,503	2,723	16.79	—	$42,025
May 1993	2,205	1	17.68	—	$38,984
Apr 1993	2,472	1,999	18.05	—	$44,620
Mar 1993	2,664	2,478	18.14	—	$48,325
Feb 1993	2,663	2,448	17.90	—	$47,668
Jan 1993	2,816	1,722	16.93	—	$47,675

Not filed, and not zero: Apr 2003. The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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.

Apr 2001 — as filed, then multipliedworked

Oil                    3 bbl  × $ 24.68 =        $74
Casinghead gas         0 Mcf  × $  5.34 =         $0

────────────────────────────────────────────────────
Month total                                      $74

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/O/11218 is the state's own key, not one this site invented.