PIERCE ESTATE

Name: PIERCE ESTATE 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 15059District 03Field 71451500OilCasinghead gasSave Export

Value, all time

$3.6 M

Jan 1993 – Jul 2003

Value, last 12 filed months

$430 k

at the published price for each month

Months reported

127

no gaps in the span

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	183,849 bbl	$3,324,122
Casinghead gas	Production	203,287 Mcf	$273,678
Total			$3,597,801

111,757 Mcf of this lease's gas, across 45 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 (6)

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 29.2393, -96.1791. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

29.23982, -96.17872 · 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 6 wells

With a plug date

0.0%

0 of 6 wells

Median depth

6,350 ft

6 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.

6100.0%

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 5,012 and 6,402 ft, median 6,350 ft, over the 6 wells that filed a depth.

Completions filed

Mar 1982 – Mar 2012

6 of 6 wells

6 wells


42-48132370	4	6,350 ft	Mar 2012	—	—
42-48132266	1	6,402 ft	May 2001	—	—
42-48132464	6	6,370 ft	Jun 1988	—	—
42-48133111	7	5,012 ft	Nov 1987	—	—
42-48132391	5	6,350 ft	Dec 1982	—	—
42-48132306	2	6,350 ft	Mar 1982	—	—

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	1,682	1,020	26.67	5.41	$50,374
Mar 2003	1,566	1,054	31.14	6.10	$55,190
Feb 2003	1,716	952	33.48	7.93	$64,997
Jan 2003	1,166	1,020	30.31	5.58	$41,035
Dec 2002	1,683	1,054	26.91	4.85	$50,405
Nov 2002	1,238	1,020	24.66	4.14	$34,749
Oct 2002	1,619	1,054	26.46	4.23	$47,296
Sep 2002	1,694	1,020	27.44	3.64	$50,191
Aug 2002	1,264	952	25.96	3.16	$35,826
Jul 2002	1,053	986	24.58	3.06	$28,902
Jun 2002	1,304	1,020	23.73	3.34	$34,349
May 2002	1,427	1,054	24.66	3.58	$38,967
Apr 2002	983	1,089	23.65	3.51	$27,073
Mar 2002	1,354	1,054	22.00	3.10	$33,058
Feb 2002	1,048	504	18.22	2.38	$20,292
Jan 2002	1,213	558	17.17	2.38	$22,153
Dec 2001	1,237	558	16.93	2.36	$22,262
Nov 2001	1,213	540	18.07	2.41	$23,218
Oct 2001	1,222	558	19.78	2.53	$25,582
Sep 2001	889	540	24.26	2.25	$22,783
Aug 2001	1,142	186	24.87	3.05	$28,969
Jul 2001	1,223	155	23.93	3.20	$29,762
Jun 2001	1,292	145	24.56	3.82	$32,286
May 2001	384	30	25.52	4.31	$9,929
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	117	337	31.23	5.15	$5,388
Sep 2000	358	2,198	31.87	5.19	$22,809
Aug 2000	677	3,337	29.64	4.54	$35,219
Jul 2000	590	3,595	28.53	4.09	$31,535
Jun 2000	614	3,707	29.30	4.40	$34,291
May 2000	0	1,569	27.26	3.68	$5,774
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	177	0	28.42	2.86	$5,030
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	54	25.27	2.48	$134
Dec 1999	1,065	69	24.28	2.42	$26,025
Nov 1999	887	885	23.19	2.43	$22,724
Oct 1999	1,348	754	20.98	2.80	$30,395
Sep 1999	899	879	21.75	2.62	$21,855
Aug 1999	889	885	19.26	2.88	$19,667
Jul 1999	990	785	17.89	2.37	$19,573
Jun 1999	1,204	312	15.94	2.36	$19,929
May 1999	456	317	15.79	2.32	$7,936
Apr 1999	1,364	1,202	15.10	2.21	$23,250
Mar 1999	900	1,691	12.47	1.84	$14,332
Feb 1999	925	1,691	9.98	1.82	$12,305
Jan 1999	901	635	10.38	1.90	$10,559
Dec 1998	913	1,642	9.20	1.77	$11,311
Nov 1998	1,356	1,604	10.89	2.19	$18,273
Oct 1998	924	2,239	12.42	1.97	$15,885
Sep 1998	1,373	2,586	12.59	2.08	$22,672
Aug 1998	1,344	1,592	11.30	1.91	$18,224
Jul 1998	1,389	1,585	11.74	2.24	$19,853
Jun 1998	920	1,890	11.24	2.24	$14,569
May 1998	1,644	2,209	12.62	2.21	$25,621
Apr 1998	1,355	1,924	13.04	2.51	$22,489
Mar 1998	907	2,262	12.80	2.31	$16,834
Feb 1998	1,361	2,355	13.95	2.30	$24,400
Jan 1998	911	2,739	14.70	2.15	$19,294
Dec 1997	1,589	2,310	16.32	2.41	$31,502
Nov 1997	1,214	2,024	18.19	3.09	$28,333
Oct 1997	1,815	1,440	19.25	3.15	$39,474
Sep 1997	1,787	1,675	17.74	2.95	$36,651
Aug 1997	897	1,487	17.86	2.55	$19,819
Jul 1997	903	2,071	17.58	2.25	$20,528
Jun 1997	1,221	2,202	17.24	2.26	$26,020
May 1997	1,685	1,985	18.97	2.31	$36,547
Apr 1997	1,340	1,810	17.88	2.08	$27,729
Mar 1997	1,323	1,833	18.95	1.94	$28,625
Feb 1997	1,287	3,314	20.49	2.21	$33,681
Jan 1997	1,810	1,727	23.48	3.54	$48,612
Dec 1996	1,282	1,030	23.32	—	$29,896
Nov 1996	1,306	1,442	21.97	—	$28,693
Oct 1996	1,325	1,740	23.31	—	$30,886
Sep 1996	1,638	631	22.22	—	$36,396
Aug 1996	1,328	1,438	20.26	—	$26,905
Jul 1996	1,788	804	19.55	—	$34,955
Jun 1996	1,335	862	18.73	—	$25,005
May 1996	1,819	2,159	19.43	—	$35,343
Apr 1996	1,849	3,331	21.51	—	$39,772
Mar 1996	1,807	3,247	19.38	—	$35,020
Feb 1996	1,342	1,998	16.98	—	$22,787
Jan 1996	1,810	1,497	17.07	—	$30,897
Dec 1995	1,377	1,952	17.19	—	$23,671
Nov 1995	1,783	2,309	16.00	—	$28,528
Oct 1995	2,237	0	15.43	—	$34,517
Sep 1995	1,816	0	16.18	—	$29,383
Aug 1995	1,775	135	15.92	—	$28,258
Jul 1995	2,141	0	15.24	—	$32,629
Jun 1995	1,777	387	16.41	—	$29,161
May 1995	2,292	1,620	17.56	—	$40,248
Apr 1995	1,819	1,888	17.73	—	$32,251
Mar 1995	2,339	2,634	16.44	—	$38,453
Feb 1995	1,827	2,711	16.58	—	$30,292
Jan 1995	2,268	1,748	15.92	—	$36,107
Dec 1994	1,827	2,162	15.03	—	$27,460
Nov 1994	2,568	2,950	15.90	—	$40,831
Oct 1994	2,262	3,021	15.58	—	$35,242
Sep 1994	2,272	2,343	15.29	—	$34,739
Aug 1994	2,730	3,063	16.13	—	$44,035
Jul 1994	2,625	2,747	17.56	—	$46,095
Jun 1994	2,263	3,028	17.09	—	$38,675
May 1994	2,740	2,994	15.88	—	$43,511
Apr 1994	2,286	2,659	14.14	—	$32,324
Mar 1994	2,724	2,857	12.46	—	$33,941
Feb 1994	2,284	2,440	12.50	—	$28,550
Jan 1994	2,277	1,850	12.66	—	$28,827
Dec 1993	2,684	2,831	12.33	—	$33,094
Nov 1993	2,744	2,519	14.49	—	$39,761
Oct 1993	3,104	2,871	15.85	—	$49,198
Sep 1993	2,751	2,161	15.03	—	$41,348
Aug 1993	3,177	3,413	15.66	—	$49,752
Jul 1993	2,705	1,850	15.46	—	$41,819
Jun 1993	3,157	3,096	16.79	—	$53,006
May 1993	3,187	1,926	17.68	—	$56,346
Apr 1993	3,199	3,739	18.05	—	$57,742
Mar 1993	3,611	6,905	18.14	—	$65,504
Feb 1993	3,197	5,711	17.90	—	$57,226
Jan 1993	3,154	7,058	16.93	—	$53,397

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                1,682 bbl  × $ 26.67 =    $44,859
Casinghead gas     1,020 Mcf  × $  5.41 =     $5,515

────────────────────────────────────────────────────
Month total                                  $50,374

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/15059 is the state's own key, not one this site invented.