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 (4850) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11815District 03Field 71451400OilCasinghead gasSave Export

Value, all time

$622 k

Jan 1993 – Jul 2003

Value, last 12 filed months

$68 k

at the published price for each month

Months reported

127

no gaps in the span

Streams

oil, casinghead gas

The PIERCE RANCH (4850) 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 13 leases and 22 wells, and the rule below applies to all of them.

Discovered

1978-02-10

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 field rule took effect on 1979-06-25.

The Commission's schedule remark for this field reads: “49B FIELD 4-1-83 PER LETTER DATED 4-8-83.”

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	28,273 bbl	$543,079
Casinghead gas	Production	39,365 Mcf	$79,200
Total			$622,278

18,786 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 (3)

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 29.2403, -96.1624. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

29.24018, -96.16272 · 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

0.0%

0 of 3 wells

With a plug date

0.0%

0 of 3 wells

Median depth

5,101 ft

3 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.

3100.0%

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

Between 5,053 and 6,514 ft, median 5,101 ft, over the 3 wells that filed a depth.

Completions filed

Nov 1978 – Nov 2010

3 of 3 wells

3 wells


42-48131105	7D	5,101 ft	Nov 2010	—	—
42-48132058	12	5,053 ft	May 1983	—	—
42-48131077	5 F	6,514 ft	Nov 1978	—	—

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 (127)

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

127 months


Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	693	174	26.67	5.41	$19,423
Mar 2003	0	174	31.14	6.10	$1,061
Feb 2003	280	0	33.48	7.93	$9,374
Jan 2003	303	0	30.31	5.58	$9,184
Dec 2002	232	0	26.91	4.85	$6,243
Nov 2002	226	0	24.66	4.14	$5,573
Oct 2002	236	0	26.46	4.23	$6,245
Sep 2002	186	0	27.44	3.64	$5,104
Aug 2002	242	0	25.96	3.16	$6,282
Jul 2002	235	0	24.58	3.06	$5,776
Jun 2002	246	0	23.73	3.34	$5,838
May 2002	289	0	24.66	3.58	$7,127
Apr 2002	269	0	23.65	3.51	$6,362
Mar 2002	324	0	22.00	3.10	$7,128
Feb 2002	309	0	18.22	2.38	$5,630
Jan 2002	394	0	17.17	2.38	$6,765
Dec 2001	432	195	16.93	2.36	$7,775
Nov 2001	285	110	18.07	2.41	$5,415
Oct 2001	355	194	19.78	2.53	$7,513
Sep 2001	350	170	24.26	2.25	$8,874
Aug 2001	388	1,998	24.87	3.05	$15,750
Jul 2001	422	1,998	23.93	3.20	$16,486
Jun 2001	409	1,933	24.56	3.82	$17,437
May 2001	421	1,998	25.52	4.31	$19,350
Apr 2001	199	1,933	24.68	5.34	$15,224
Mar 2001	76	1,998	24.54	5.38	$12,607
Feb 2001	42	1,804	27.75	5.77	$11,569
Jan 2001	79	43	27.47	8.40	$2,531
Dec 2000	102	37	26.88	9.12	$3,079
Nov 2000	102	41	32.21	5.66	$3,517
Oct 2000	118	43	31.23	5.15	$3,906
Sep 2000	131	36	31.87	5.19	$4,362
Aug 2000	137	38	29.64	4.54	$4,233
Jul 2000	143	39	28.53	4.09	$4,239
Jun 2000	138	37	29.30	4.40	$4,206
May 2000	153	37	27.26	3.68	$4,307
Apr 2000	153	37	24.51	3.12	$3,865
Mar 2000	159	39	28.42	2.86	$4,630
Feb 2000	163	36	27.62	2.73	$4,600
Jan 2000	160	47	25.27	2.48	$4,160
Dec 1999	189	53	24.28	2.42	$4,717
Nov 1999	150	45	23.19	2.43	$3,588
Oct 1999	154	54	20.98	2.80	$3,382
Sep 1999	151	48	21.75	2.62	$3,410
Aug 1999	160	50	19.26	2.88	$3,225
Jul 1999	152	49	17.89	2.37	$2,836
Jun 1999	144	61	15.94	2.36	$2,439
May 1999	140	50	15.79	2.32	$2,327
Apr 1999	144	41	15.10	2.21	$2,265
Mar 1999	154	51	12.47	1.84	$2,014
Feb 1999	145	47	9.98	1.82	$1,533
Jan 1999	154	51	10.38	1.90	$1,695
Dec 1998	139	49	9.20	1.77	$1,366
Nov 1998	158	45	10.89	2.19	$1,819
Oct 1998	149	50	12.42	1.97	$1,949
Sep 1998	148	44	12.59	2.08	$1,955
Aug 1998	154	0	11.30	1.91	$1,740
Jul 1998	154	130	11.74	2.24	$2,099
Jun 1998	159	218	11.24	2.24	$2,275
May 1998	150	248	12.62	2.21	$2,440
Apr 1998	130	55	13.04	2.51	$1,833
Mar 1998	146	244	12.80	2.31	$2,432
Feb 1998	107	158	13.95	2.30	$1,856
Jan 1998	154	244	14.70	2.15	$2,790
Dec 1997	143	254	16.32	2.41	$2,946
Nov 1997	149	281	18.19	3.09	$3,578
Oct 1997	149	274	19.25	3.15	$3,731
Sep 1997	150	279	17.74	2.95	$3,485
Aug 1997	156	313	17.86	2.55	$3,586
Jul 1997	154	285	17.58	2.25	$3,348
Jun 1997	149	243	17.24	2.26	$3,117
May 1997	154	228	18.97	2.31	$3,448
Apr 1997	145	236	17.88	2.08	$3,084
Mar 1997	140	277	18.95	1.94	$3,190
Feb 1997	135	307	20.49	2.21	$3,443
Jan 1997	154	328	23.48	3.54	$4,777
Dec 1996	150	353	23.32	—	$3,498
Nov 1996	149	379	21.97	—	$3,274
Oct 1996	155	309	23.31	—	$3,613
Sep 1996	151	305	22.22	—	$3,355
Aug 1996	153	349	20.26	—	$3,100
Jul 1996	152	314	19.55	—	$2,972
Jun 1996	135	298	18.73	—	$2,529
May 1996	145	353	19.43	—	$2,817
Apr 1996	156	329	21.51	—	$3,356
Mar 1996	155	404	19.38	—	$3,004
Feb 1996	152	467	16.98	—	$2,581
Jan 1996	162	388	17.07	—	$2,765
Dec 1995	159	333	17.19	—	$2,733
Nov 1995	155	293	16.00	—	$2,480
Oct 1995	167	295	15.43	—	$2,577
Sep 1995	153	307	16.18	—	$2,476
Aug 1995	120	181	15.92	—	$1,910
Jul 1995	296	474	15.24	—	$4,511
Jun 1995	293	339	16.41	—	$4,808
May 1995	312	282	17.56	—	$5,479
Apr 1995	308	255	17.73	—	$5,461
Mar 1995	297	204	16.44	—	$4,883
Feb 1995	242	55	16.58	—	$4,012
Jan 1995	289	64	15.92	—	$4,601
Dec 1994	95	29	15.03	—	$1,428
Nov 1994	154	49	15.90	—	$2,449
Oct 1994	387	97	15.58	—	$6,029
Sep 1994	394	118	15.29	—	$6,024
Aug 1994	270	63	16.13	—	$4,355
Jul 1994	305	41	17.56	—	$5,356
Jun 1994	333	77	17.09	—	$5,691
May 1994	387	80	15.88	—	$6,146
Apr 1994	310	153	14.14	—	$4,383
Mar 1994	343	264	12.46	—	$4,274
Feb 1994	316	1,306	12.50	—	$3,950
Jan 1994	393	1,384	12.66	—	$4,975
Dec 1993	390	1,140	12.33	—	$4,809
Nov 1993	348	1,609	14.49	—	$5,043
Oct 1993	415	641	15.85	—	$6,578
Sep 1993	392	595	15.03	—	$5,892
Aug 1993	420	430	15.66	—	$6,577
Jul 1993	429	535	15.46	—	$6,632
Jun 1993	446	421	16.79	—	$7,488
May 1993	437	1	17.68	—	$7,726
Apr 1993	442	491	18.05	—	$7,978
Mar 1993	445	695	18.14	—	$8,072
Feb 1993	408	503	17.90	—	$7,303
Jan 1993	464	734	16.93	—	$7,856

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 2003 — as filed, then multipliedworked

Oil                  693 bbl  × $ 26.67 =    $18,482
Casinghead gas       174 Mcf  × $  5.41 =       $941

────────────────────────────────────────────────────
Month total                                  $19,423

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/11815 is the state's own key, not one this site invented.