PENNZOIL FEE

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

Operated by OSBORN,W.B. OIL & GAS OPERATIONS (P-5 627829) in the HOUSTON, N. (GOODYKOONTZ 7200) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 15484District 03Field 42905555OilCasinghead gasSave

Value, all time

$5.5 M

Jan 1993 – Jul 2015

Value, last 12 filed months

$327 k

at the published price for each month

Months reported

271

no gaps in the span

Streams

oil, casinghead gas

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	127,575 bbl	$5,101,603
Casinghead gas	Production	98,011 Mcf	$399,546
Total			$5,501,149

20,352 Mcf of this lease's gas, across 28 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 29.9031, -95.4953. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.90307, -95.49529 · 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

7,816 ft

1 wells filed one

Completion to plug

34.4 years

median over 1 wells

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 7,816 ft.

Completions filed

Dec 1980

1 of 1 wells

Plug dates filed

May 2015

1 of 1 wells

Last completion to plug: a median of 34.4 years across the 1 well that filed both dates, with the middle half between 34.4 years and 34.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20131080	1	7,816 ft	Dec 1980	May 2015	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 (271)

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

271 months


Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	425	296	55.21	2.96	$24,339
Apr 2015	178	1,049	49.82	2.71	$11,707
Mar 2015	528	1,082	42.89	2.93	$25,821
Feb 2015	511	936	44.66	2.98	$25,607
Jan 2015	552	1,085	43.43	3.10	$27,338
Dec 2014	366	1,107	54.69	3.59	$23,992
Nov 2014	547	1,201	70.46	4.25	$43,648
Oct 2014	361	1,387	78.30	3.90	$33,677
Sep 2014	543	1,920	86.16	4.05	$54,552
Aug 2014	532	2,248	89.39	4.04	$56,626
Jul 2014	542	2,017	96.56	4.18	$60,766
Jun 2014	558	907	98.16	4.74	$59,070
May 2014	184	397	94.73	4.73	$19,307
Apr 2014	347	678	95.94	4.81	$36,552
Mar 2014	550	1,060	95.89	5.06	$58,100
Feb 2014	351	1,025	97.40	6.19	$40,534
Jan 2014	378	705	90.40	4.86	$37,598
Dec 2013	595	1,145	91.82	4.35	$59,619
Nov 2013	558	1,562	88.85	3.74	$55,417
Oct 2013	542	1,349	97.42	3.78	$57,900
Sep 2013	233	1,429	104.11	3.72	$29,570
Aug 2013	195	713	104.25	3.52	$22,840
Jul 2013	554	1,688	102.52	3.72	$63,072
Jun 2013	549	1,699	94.40	3.93	$58,508
May 2013	578	2,199	94.83	4.15	$63,936
Apr 2013	386	1,568	93.96	4.28	$42,984
Mar 2013	766	1,966	93.62	3.91	$79,406
Feb 2013	209	647	91.23	3.42	$21,280
Jan 2013	717	0	91.60	3.42	$65,677
Dec 2012	171	0	86.77	3.42	$14,838
Nov 2012	538	0	86.95	3.62	$46,779
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	177	0	94.67	2.92	$16,757
Aug 2012	358	0	92.66	2.91	$33,172
Jul 2012	355	0	85.13	3.02	$30,221
Jun 2012	177	0	79.82	2.52	$14,128
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	185	0	105.05	2.22	$19,434
Feb 2012	0	545	101.10	2.57	$1,401
Jan 2012	174	0	98.09	2.73	$17,068
Dec 2011	351	0	96.87	3.24	$34,001
Nov 2011	178	0	95.72	3.31	$17,038
Oct 2011	515	1	84.98	3.65	$43,768
Sep 2011	520	1	83.62	3.99	$43,486
Aug 2011	368	332	83.40	4.15	$32,069
Jul 2011	0	41	94.14	4.52	$185
Jun 2011	359	183	92.90	4.64	$34,200
May 2011	0	223	98.13	4.40	$982
Apr 2011	356	180	105.96	4.33	$38,502
Mar 2011	179	60	96.36	4.06	$17,492
Feb 2011	376	231	85.64	4.18	$33,166
Jan 2011	376	152	86.50	4.59	$33,221
Dec 2010	187	424	85.73	4.35	$17,875
Nov 2010	184	96	80.84	3.80	$15,239
Oct 2010	184	0	78.10	3.51	$14,370
Sep 2010	353	138	72.63	3.98	$26,188
Aug 2010	183	412	73.68	4.42	$15,304
Jul 2010	372	230	72.55	4.74	$28,078
Jun 2010	366	27	70.36	4.91	$25,884
May 2010	216	82	71.12	4.24	$15,709
Apr 2010	562	0	81.69	4.12	$45,910
Mar 2010	374	238	78.39	4.39	$30,362
Feb 2010	186	31	73.58	5.44	$13,855
Jan 2010	376	336	74.36	5.96	$29,963
Dec 2009	569	334	71.44	5.48	$42,481
Nov 2009	0	344	74.59	3.75	$1,291
Oct 2009	374	60	72.54	4.11	$27,377
Sep 2009	374	33	65.54	3.06	$24,613
Aug 2009	359	204	67.42	3.22	$24,860
Jul 2009	380	127	61.13	3.46	$23,669
Jun 2009	381	214	66.16	3.90	$26,040
May 2009	388	417	54.74	3.93	$22,876
Apr 2009	380	216	46.77	3.59	$18,548
Mar 2009	185	22	42.14	4.06	$7,885
Feb 2009	190	45	32.81	4.63	$6,442
Jan 2009	571	182	35.86	5.37	$21,454
Dec 2008	388	11	37.10	5.98	$14,461
Nov 2008	196	0	55.49	6.86	$10,876
Oct 2008	0	4	75.24	6.92	$28
Sep 2008	178	0	101.76	7.88	$18,113
Aug 2008	375	497	114.22	8.48	$47,049
Jul 2008	547	497	131.08	11.39	$77,361
Jun 2008	357	362	131.33	13.03	$51,603
May 2008	192	490	123.17	11.57	$29,320
Apr 2008	355	405	110.31	10.45	$43,394
Mar 2008	180	272	101.90	9.66	$20,971
Feb 2008	540	457	92.53	8.77	$53,974
Jan 2008	362	307	90.38	8.21	$35,237
Dec 2007	179	412	88.33	7.30	$18,819
Nov 2007	535	208	91.67	7.29	$50,560
Oct 2007	536	6	82.85	6.92	$44,449
Sep 2007	360	4	75.84	6.24	$27,327
Aug 2007	535	5	69.06	6.39	$36,979
Jul 2007	179	142	70.90	6.39	$13,598
Jun 2007	357	253	62.00	7.55	$24,044
May 2007	174	331	58.74	7.85	$12,818
Apr 2007	362	480	59.61	7.81	$25,325
Mar 2007	368	481	56.92	7.30	$24,459
Feb 2007	543	444	55.10	8.22	$33,567
Jan 2007	360	488	50.30	6.73	$21,391
Dec 2006	362	437	56.65	6.92	$23,531
Nov 2006	487	464	54.20	7.62	$29,930
Oct 2006	360	437	54.90	6.01	$22,392
Sep 2006	359	472	60.08	5.04	$23,946
Aug 2006	356	485	68.71	7.34	$28,021
Jul 2006	371	473	69.37	6.34	$28,736
Jun 2006	751	359	66.28	6.38	$52,068
May 2006	363	303	66.01	6.42	$25,908
Apr 2006	395	111	64.39	7.36	$26,251
Mar 2006	374	383	56.70	7.08	$23,919
Feb 2006	199	336	57.59	7.75	$14,065
Jan 2006	348	433	60.59	8.93	$24,953
Dec 2005	182	262	54.94	13.42	$13,514
Nov 2005	362	381	54.69	10.59	$23,832
Oct 2005	169	493	58.34	13.80	$16,661
Sep 2005	563	444	61.45	12.08	$39,959
Aug 2005	358	440	61.51	9.80	$26,331
Jul 2005	536	292	55.69	7.84	$32,140
Jun 2005	535	351	52.33	7.38	$30,587
May 2005	355	474	45.22	6.65	$19,206
Apr 2005	355	198	49.20	7.36	$18,923
Mar 2005	534	492	50.37	7.15	$30,418
Feb 2005	357	388	45.22	6.31	$18,593
Jan 2005	536	424	43.16	6.32	$25,814
Dec 2004	344	426	39.86	6.75	$16,588
Nov 2004	519	451	45.28	6.33	$26,355
Oct 2004	537	423	49.70	6.52	$29,445
Sep 2004	527	369	43.24	5.28	$24,737
Aug 2004	694	440	42.37	5.55	$31,847
Jul 2004	528	419	38.28	6.08	$22,761
Jun 2004	343	409	36.10	6.43	$15,013
May 2004	691	321	37.48	6.49	$27,983
Apr 2004	341	321	34.47	5.86	$13,635
Mar 2004	520	410	34.36	5.53	$20,135
Feb 2004	627	445	32.45	5.51	$22,798
Jan 2004	346	361	32.03	6.30	$13,357
Dec 2003	695	380	30.26	6.30	$23,425
Nov 2003	349	442	28.80	4.60	$12,082
Oct 2003	710	492	28.17	4.76	$22,342
Sep 2003	537	473	26.31	4.75	$16,375
Aug 2003	522	487	29.76	5.13	$18,033
Jul 2003	535	476	29.41	5.17	$18,196
Jun 2003	535	413	28.56	5.98	$17,751
May 2003	538	428	26.59	5.97	$16,862
Apr 2003	540	477	26.67	5.41	$16,981
Mar 2003	539	469	31.14	6.10	$19,644
Feb 2003	546	399	33.48	7.93	$21,443
Jan 2003	547	457	30.31	5.58	$19,131
Dec 2002	542	379	26.91	4.85	$16,425
Nov 2002	539	421	24.66	4.14	$15,033
Oct 2002	537	385	26.46	4.23	$15,837
Sep 2002	360	448	27.44	3.64	$11,507
Aug 2002	701	459	25.96	3.16	$19,650
Jul 2002	533	493	24.58	3.06	$14,611
Jun 2002	178	249	23.73	3.34	$5,055
May 2002	533	485	24.66	3.58	$14,882
Apr 2002	536	444	23.65	3.51	$14,236
Mar 2002	724	489	22.00	3.10	$17,445
Feb 2002	366	379	18.22	2.38	$7,569
Jan 2002	543	390	17.17	2.38	$10,250
Dec 2001	526	391	16.93	2.36	$9,830
Nov 2001	375	372	18.07	2.41	$7,671
Oct 2001	703	349	19.78	2.53	$14,788
Sep 2001	360	319	24.26	2.25	$9,452
Aug 2001	531	460	24.87	3.05	$14,610
Jul 2001	353	410	23.93	3.20	$9,758
Jun 2001	346	235	24.56	3.82	$9,396
May 2001	512	453	25.52	4.31	$15,017
Apr 2001	720	477	24.68	5.34	$20,315
Mar 2001	537	370	24.54	5.38	$15,167
Feb 2001	180	70	27.75	5.77	$5,399
Jan 2001	517	477	27.47	8.40	$18,208
Dec 2000	535	438	26.88	9.12	$18,376
Nov 2000	713	515	32.21	5.66	$25,880
Oct 2000	358	0	31.23	5.15	$11,180
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	359	0	29.64	4.54	$10,641
Jul 2000	519	0	28.53	4.09	$14,807
Jun 2000	521	0	29.30	4.40	$15,265
May 2000	146	0	27.26	3.68	$3,980
Apr 2000	526	0	24.51	3.12	$12,892
Mar 2000	622	0	28.42	2.86	$17,677
Feb 2000	358	0	27.62	2.73	$9,888
Jan 2000	351	0	25.27	2.48	$8,870
Dec 1999	352	0	24.28	2.42	$8,547
Nov 1999	580	0	23.19	2.43	$13,450
Oct 1999	355	0	20.98	2.80	$7,448
Sep 1999	345	0	21.75	2.62	$7,504
Aug 1999	359	0	19.26	2.88	$6,914
Jul 1999	473	0	17.89	2.37	$8,462
Jun 1999	525	0	15.94	2.36	$8,369
May 1999	358	0	15.79	2.32	$5,653
Apr 1999	598	0	15.10	2.21	$9,030
Mar 1999	348	0	12.47	1.84	$4,340
Feb 1999	518	0	9.98	1.82	$5,170
Jan 1999	512	0	10.38	1.90	$5,315
Dec 1998	606	0	9.20	1.77	$5,575
Nov 1998	356	0	10.89	2.19	$3,877
Oct 1998	508	0	12.42	1.97	$6,309
Sep 1998	523	0	12.59	2.08	$6,585
Aug 1998	538	0	11.30	1.91	$6,079
Jul 1998	525	0	11.74	2.24	$6,164
Jun 1998	362	0	11.24	2.24	$4,069
May 1998	530	0	12.62	2.21	$6,689
Apr 1998	627	0	13.04	2.51	$8,176
Mar 1998	519	0	12.80	2.31	$6,643
Feb 1998	540	0	13.95	2.30	$7,533
Jan 1998	708	0	14.70	2.15	$10,408
Dec 1997	702	0	16.32	2.41	$11,457
Nov 1997	526	0	18.19	3.09	$9,568
Oct 1997	688	0	19.25	3.15	$13,244
Sep 1997	568	0	17.74	2.95	$10,076
Aug 1997	707	0	17.86	2.55	$12,627
Jul 1997	716	0	17.58	2.25	$12,587
Jun 1997	536	0	17.24	2.26	$9,241
May 1997	528	0	18.97	2.31	$10,016
Apr 1997	666	0	17.88	2.08	$11,908
Mar 1997	588	0	18.95	1.94	$11,143
Feb 1997	659	0	20.49	2.21	$13,503
Jan 1997	544	0	23.48	3.54	$12,773
Dec 1996	554	0	23.32	—	$12,919
Nov 1996	553	0	21.97	—	$12,149
Oct 1996	693	0	23.31	—	$16,154
Sep 1996	468	0	22.22	—	$10,399
Aug 1996	669	0	20.26	—	$13,554
Jul 1996	695	0	19.55	—	$13,587
Jun 1996	673	0	18.73	—	$12,605
May 1996	661	0	19.43	—	$12,843
Apr 1996	685	0	21.51	—	$14,734
Mar 1996	676	0	19.38	—	$13,101
Feb 1996	679	0	16.98	—	$11,529
Jan 1996	547	0	17.07	—	$9,337
Dec 1995	899	0	17.19	—	$15,454
Nov 1995	548	0	16.00	—	$8,768
Oct 1995	733	0	15.43	—	$11,310
Sep 1995	676	0	16.18	—	$10,938
Aug 1995	899	0	15.92	—	$14,312
Jul 1995	718	0	15.24	—	$10,942
Jun 1995	728	0	16.41	—	$11,946
May 1995	703	0	17.56	—	$12,345
Apr 1995	683	20	17.73	—	$12,110
Mar 1995	901	35	16.44	—	$14,812
Feb 1995	540	99	16.58	—	$8,953
Jan 1995	890	302	15.92	—	$14,169
Dec 1994	726	357	15.03	—	$10,912
Nov 1994	722	138	15.90	—	$11,480
Oct 1994	540	233	15.58	—	$8,413
Sep 1994	698	1	15.29	—	$10,672
Aug 1994	550	1	16.13	—	$8,872
Jul 1994	726	19	17.56	—	$12,749
Jun 1994	864	99	17.09	—	$14,766
May 1994	907	32	15.88	—	$14,403
Apr 1994	698	315	14.14	—	$9,870
Mar 1994	706	357	12.46	—	$8,797
Feb 1994	742	734	12.50	—	$9,275
Jan 1994	912	970	12.66	—	$11,546
Dec 1993	711	18	12.33	—	$8,767
Nov 1993	703	708	14.49	—	$10,186
Oct 1993	723	272	15.85	—	$11,460
Sep 1993	869	1,087	15.03	—	$13,061
Aug 1993	864	1,496	15.66	—	$13,530
Jul 1993	708	1,615	15.46	—	$10,946
Jun 1993	846	1,484	16.79	—	$14,204
May 1993	838	1,992	17.68	—	$14,816
Apr 1993	700	1,997	18.05	—	$12,635
Mar 1993	851	1,983	18.14	—	$15,437
Feb 1993	844	1,865	17.90	—	$15,108
Jan 1993	726	2,123	16.93	—	$12,291

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.

May 2015 — as filed, then multipliedworked

Oil                  425 bbl  × $ 55.21 =    $23,464
Casinghead gas       296 Mcf  × $  2.96 =       $875

────────────────────────────────────────────────────
Month total                                  $24,339

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/15484 is the state's own key, not one this site invented.