PIERCE ESTATES 'J'

Name: PIERCE ESTATES 'J' 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 16197District 03Field 71451400OilCasinghead gasSave Export

Value, all time

$934 k

Jan 1993 – Jul 2003

Value, last 12 filed months

$121 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	49,032 bbl	$887,860
Casinghead gas	Production	60,353 Mcf	$45,871
Total			$933,731

45,598 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 29.2397, -96.1510. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

29.23965, -96.15064 · 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

33.3%

1 of 3 wells

With a plug date

0.0%

0 of 3 wells

Median depth

6,400 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

133.3%

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.

266.7%

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 5,013 and 6,418 ft, median 6,400 ft, over the 3 wells that filed a depth.

Completions filed

Sep 1983 – Dec 2011

3 of 3 wells

3 wells


42-48132413	1	6,400 ft	Dec 2011	—	Yes
42-48132461	2	6,418 ft	Apr 2001	—	—
42-48132533	5	5,013 ft	Sep 1983	—	—

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	596	240	26.67	5.41	$17,193
Mar 2003	486	224	31.14	6.10	$16,500
Feb 2003	514	224	33.48	7.93	$18,984
Jan 2003	362	248	30.31	5.58	$12,357
Dec 2002	476	248	26.91	4.85	$14,013
Nov 2002	264	240	24.66	4.14	$7,503
Oct 2002	359	136	26.46	4.23	$10,074
Sep 2002	514	360	27.44	3.64	$15,413
Aug 2002	296	372	25.96	3.16	$8,861
Jul 2002	244	372	24.58	3.06	$7,136
Jun 2002	327	360	23.73	3.34	$8,961
May 2002	325	372	24.66	3.58	$9,348
Apr 2002	269	240	23.65	3.51	$7,205
Mar 2002	350	248	22.00	3.10	$8,469
Feb 2002	263	336	18.22	2.38	$5,590
Jan 2002	541	372	17.17	2.38	$10,173
Dec 2001	174	600	16.93	2.36	$4,364
Nov 2001	0	12	18.07	2.41	$29
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	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	0	32	31.23	5.15	$165
Sep 2000	73	494	31.87	5.19	$4,889
Aug 2000	171	607	29.64	4.54	$7,825
Jul 2000	86	149	28.53	4.09	$3,063
Jun 2000	96	161	29.30	4.40	$3,521
May 2000	242	11	27.26	3.68	$6,637
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	107	0	28.42	2.86	$3,041
Feb 2000	100	0	27.62	2.73	$2,762
Jan 2000	0	120	25.27	2.48	$298
Dec 1999	104	139	24.28	2.42	$2,862
Nov 1999	306	367	23.19	2.43	$7,989
Oct 1999	203	330	20.98	2.80	$5,184
Sep 1999	309	301	21.75	2.62	$7,509
Aug 1999	305	240	19.26	2.88	$6,564
Jul 1999	209	361	17.89	2.37	$4,595
Jun 1999	313	314	15.94	2.36	$5,731
May 1999	206	266	15.79	2.32	$3,870
Apr 1999	307	314	15.10	2.21	$5,329
Mar 1999	313	49	12.47	1.84	$3,993
Feb 1999	104	49	9.98	1.82	$1,127
Jan 1999	307	163	10.38	1.90	$3,496
Dec 1998	206	287	9.20	1.77	$2,404
Nov 1998	301	388	10.89	2.19	$4,126
Oct 1998	314	159	12.42	1.97	$4,213
Sep 1998	311	161	12.59	2.08	$4,251
Aug 1998	305	158	11.30	1.91	$3,748
Jul 1998	308	45	11.74	2.24	$3,717
Jun 1998	205	109	11.24	2.24	$2,548
May 1998	311	70	12.62	2.21	$4,079
Apr 1998	311	122	13.04	2.51	$4,361
Mar 1998	316	132	12.80	2.31	$4,350
Feb 1998	311	53	13.95	2.30	$4,460
Jan 1998	205	171	14.70	2.15	$3,382
Dec 1997	310	24	16.32	2.41	$5,117
Nov 1997	207	341	18.19	3.09	$4,818
Oct 1997	298	474	19.25	3.15	$7,230
Sep 1997	302	274	17.74	2.95	$6,167
Aug 1997	200	313	17.86	2.55	$4,372
Jul 1997	286	345	17.58	2.25	$5,803
Jun 1997	294	234	17.24	2.26	$5,597
May 1997	301	353	18.97	2.31	$6,525
Apr 1997	288	284	17.88	2.08	$5,741
Mar 1997	294	270	18.95	1.94	$6,095
Feb 1997	316	203	20.49	2.21	$6,923
Jan 1997	610	114	23.48	3.54	$14,726
Dec 1996	628	191	23.32	—	$14,645
Nov 1996	626	658	21.97	—	$13,753
Oct 1996	786	715	23.31	—	$18,322
Sep 1996	657	217	22.22	—	$14,599
Aug 1996	496	788	20.26	—	$10,049
Jul 1996	762	358	19.55	—	$14,897
Jun 1996	495	779	18.73	—	$9,271
May 1996	825	822	19.43	—	$16,030
Apr 1996	502	967	21.51	—	$10,798
Mar 1996	668	1,145	19.38	—	$12,946
Feb 1996	664	615	16.98	—	$11,275
Jan 1996	669	151	17.07	—	$11,420
Dec 1995	503	496	17.19	—	$8,647
Nov 1995	634	1,287	16.00	—	$10,144
Oct 1995	834	2,190	15.43	—	$12,869
Sep 1995	477	2,227	16.18	—	$7,718
Aug 1995	651	911	15.92	—	$10,364
Jul 1995	664	616	15.24	—	$10,119
Jun 1995	637	718	16.41	—	$10,453
May 1995	489	784	17.56	—	$8,587
Apr 1995	502	704	17.73	—	$8,900
Mar 1995	504	321	16.44	—	$8,286
Feb 1995	503	304	16.58	—	$8,340
Jan 1995	668	257	15.92	—	$10,635
Dec 1994	502	444	15.03	—	$7,545
Nov 1994	734	729	15.90	—	$11,671
Oct 1994	556	982	15.58	—	$8,662
Sep 1994	705	1,023	15.29	—	$10,779
Aug 1994	734	1,101	16.13	—	$11,839
Jul 1994	715	928	17.56	—	$12,555
Jun 1994	735	1,166	17.09	—	$12,561
May 1994	726	1,239	15.88	—	$11,529
Apr 1994	722	1,522	14.14	—	$10,209
Mar 1994	741	1,765	12.46	—	$9,233
Feb 1994	557	901	12.50	—	$6,963
Jan 1994	733	692	12.66	—	$9,280
Dec 1993	743	1,468	12.33	—	$9,161
Nov 1993	742	1,085	14.49	—	$10,752
Oct 1993	899	1,299	15.85	—	$14,249
Sep 1993	542	1,280	15.03	—	$8,146
Aug 1993	910	1,142	15.66	—	$14,251
Jul 1993	721	1,546	15.46	—	$11,147
Jun 1993	793	1,380	16.79	—	$13,314
May 1993	639	1,304	17.68	—	$11,298
Apr 1993	640	1,402	18.05	—	$11,552
Mar 1993	799	1,123	18.14	—	$14,494
Feb 1993	635	1,248	17.90	—	$11,367
Jan 1993	634	608	16.93	—	$10,734

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                  596 bbl  × $ 26.67 =    $15,895
Casinghead gas       240 Mcf  × $  5.41 =     $1,298

────────────────────────────────────────────────────
Month total                                  $17,193

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/16197 is the state's own key, not one this site invented.