PIERCE ESTATE "J"

Name: PIERCE ESTATE "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 (4900) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 16480District 03Field 71451500OilCasinghead gasSave Export

Value, all time

$1.7 M

Jan 1993 – Jul 2003

Value, last 12 filed months

$230 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	81,091 bbl	$1,522,770
Casinghead gas	Production	92,722 Mcf	$133,471
Total			$1,656,240

51,838 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 29.2387, -96.1529. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

29.23908, -96.15344 · 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

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

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 6,386 and 6,400 ft, median 6,400 ft, over the 3 wells that filed a depth.

Completions filed

Oct 1986 – Dec 2011

3 of 3 wells

3 wells


42-48132413	1	6,400 ft	Dec 2011	—	—
42-48132483	3	6,400 ft	Apr 2001	—	—
42-48132500	4	6,386 ft	Oct 1986	—	—

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	1,055	990	26.67	5.41	$33,490
Mar 2003	888	1,023	31.14	6.10	$33,889
Feb 2003	743	980	33.48	7.93	$32,643
Jan 2003	524	1,050	30.31	5.58	$21,744
Dec 2002	688	1,085	26.91	4.85	$23,780
Nov 2002	381	1,050	24.66	4.14	$13,739
Oct 2002	517	1,085	26.46	4.23	$18,268
Sep 2002	742	1,050	27.44	3.64	$24,177
Aug 2002	969	1,085	25.96	3.16	$28,588
Jul 2002	732	1,015	24.58	3.06	$21,100
Jun 2002	984	1,050	23.73	3.34	$26,855
May 2002	975	1,085	24.66	3.58	$27,932
Apr 2002	742	1,050	23.65	3.51	$21,236
Mar 2002	969	1,085	22.00	3.10	$24,684
Feb 2002	727	560	18.22	2.38	$14,576
Jan 2002	1,007	620	17.17	2.38	$18,763
Dec 2001	1,042	620	16.93	2.36	$19,107
Nov 2001	930	600	18.07	2.41	$18,248
Oct 2001	988	620	19.78	2.53	$21,111
Sep 2001	607	580	24.26	2.25	$16,032
Aug 2001	1,002	186	24.87	3.05	$25,488
Jul 2001	1,051	155	23.93	3.20	$25,646
Jun 2001	1,005	150	24.56	3.82	$25,256
May 2001	969	62	25.52	4.31	$24,996
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	79	31.23	5.15	$406
Sep 2000	180	331	31.87	5.19	$7,453
Aug 2000	418	1,477	29.64	4.54	$19,096
Jul 2000	210	366	28.53	4.09	$7,488
Jun 2000	234	395	29.30	4.40	$8,593
May 2000	594	2	27.26	3.68	$16,200
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	263	0	28.42	2.86	$7,474
Feb 2000	246	0	27.62	2.73	$6,795
Jan 2000	0	287	25.27	2.48	$712
Dec 1999	256	338	24.28	2.42	$7,035
Nov 1999	748	900	23.19	2.43	$19,537
Oct 1999	497	808	20.98	2.80	$12,692
Sep 1999	755	735	21.75	2.62	$18,346
Aug 1999	747	585	19.26	2.88	$16,069
Jul 1999	512	883	17.89	2.37	$11,254
Jun 1999	766	768	15.94	2.36	$14,024
May 1999	506	650	15.79	2.32	$9,498
Apr 1999	751	766	15.10	2.21	$13,031
Mar 1999	767	119	12.47	1.84	$9,783
Feb 1999	255	119	9.98	1.82	$2,761
Jan 1999	753	398	10.38	1.90	$8,572
Dec 1998	503	701	9.20	1.77	$5,871
Nov 1998	738	949	10.89	2.19	$10,111
Oct 1998	769	389	12.42	1.97	$10,317
Sep 1998	763	394	12.59	2.08	$10,427
Aug 1998	746	388	11.30	1.91	$9,170
Jul 1998	754	112	11.74	2.24	$9,103
Jun 1998	502	266	11.24	2.24	$6,238
May 1998	760	169	12.62	2.21	$9,964
Apr 1998	762	300	13.04	2.51	$10,688
Mar 1998	774	323	12.80	2.31	$10,653
Feb 1998	761	130	13.95	2.30	$10,915
Jan 1998	502	418	14.70	2.15	$8,280
Dec 1997	760	60	16.32	2.41	$12,548
Nov 1997	508	835	18.19	3.09	$11,819
Oct 1997	730	1,160	19.25	3.15	$17,706
Sep 1997	739	670	17.74	2.95	$15,090
Aug 1997	490	768	17.86	2.55	$10,713
Jul 1997	699	846	17.58	2.25	$14,189
Jun 1997	721	573	17.24	2.26	$13,723
May 1997	738	864	18.97	2.31	$15,994
Apr 1997	704	694	17.88	2.08	$14,033
Mar 1997	721	662	18.95	1.94	$14,947
Feb 1997	372	238	20.49	2.21	$8,147
Jan 1997	716	133	23.48	3.54	$17,282
Dec 1996	738	224	23.32	—	$17,210
Nov 1996	734	772	21.97	—	$16,126
Oct 1996	923	840	23.31	—	$21,515
Sep 1996	772	254	22.22	—	$17,154
Aug 1996	582	926	20.26	—	$11,791
Jul 1996	894	419	19.55	—	$17,478
Jun 1996	582	915	18.73	—	$10,901
May 1996	968	966	19.43	—	$18,808
Apr 1996	589	1,134	21.51	—	$12,669
Mar 1996	785	1,346	19.38	—	$15,213
Feb 1996	780	723	16.98	—	$13,244
Jan 1996	786	177	17.07	—	$13,417
Dec 1995	590	582	17.19	—	$10,142
Nov 1995	745	1,509	16.00	—	$11,920
Oct 1995	978	2,569	15.43	—	$15,091
Sep 1995	561	2,612	16.18	—	$9,077
Aug 1995	764	1,067	15.92	—	$12,163
Jul 1995	789	722	15.24	—	$12,024
Jun 1995	748	842	16.41	—	$12,275
May 1995	575	918	17.56	—	$10,097
Apr 1995	590	681	17.73	—	$10,461
Mar 1995	591	901	16.44	—	$9,716
Feb 1995	590	649	16.58	—	$9,782
Jan 1995	784	629	15.92	—	$12,481
Dec 1994	590	796	15.03	—	$8,868
Nov 1994	709	1,042	15.90	—	$11,273
Oct 1994	537	950	15.58	—	$8,366
Sep 1994	681	990	15.29	—	$10,412
Aug 1994	710	1,064	16.13	—	$11,452
Jul 1994	692	898	17.56	—	$12,152
Jun 1994	737	1,169	17.09	—	$12,595
May 1994	701	1,197	15.88	—	$11,132
Apr 1994	697	1,474	14.14	—	$9,856
Mar 1994	717	1,726	12.46	—	$8,934
Feb 1994	539	881	12.50	—	$6,738
Jan 1994	708	675	12.66	—	$8,963
Dec 1993	719	1,420	12.33	—	$8,865
Nov 1993	718	1,050	14.49	—	$10,404
Oct 1993	869	1,254	15.85	—	$13,774
Sep 1993	523	1,236	15.03	—	$7,861
Aug 1993	879	1,104	15.66	—	$13,765
Jul 1993	697	1,496	15.46	—	$10,776
Jun 1993	1,016	1,766	16.79	—	$17,059
May 1993	818	1,669	17.68	—	$14,462
Apr 1993	820	1,794	18.05	—	$14,801
Mar 1993	1,024	1,435	18.14	—	$18,575
Feb 1993	813	1,597	17.90	—	$14,553
Jan 1993	812	778	16.93	—	$13,747

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                1,055 bbl  × $ 26.67 =    $28,137
Casinghead gas       990 Mcf  × $  5.41 =     $5,353

────────────────────────────────────────────────────
Month total                                  $33,490

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/16480 is the state's own key, not one this site invented.