PRETS UNIT

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

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the HITCHCOCK, NE. (FRIO 9100) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18941District 03Field 41677250OilCasinghead gasSave Export

Value, all time

$1.2 M

Jan 1993 – Jun 1999

Value, last 12 filed months

$201 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The HITCHCOCK, NE. (FRIO 9100) 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 23 leases and 23 wells, and the rule below applies to all of them.

Discovered

1957-09-22

as the register files it

Field class

Oil and gas

the register's own label

Between wells

2,100 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 1989-03-27.

The Commission's schedule remark for this field reads: “PERMANENT RULES ADOPTED EFF. 3-27-89 PER DOCKET 3-90614”

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	42,940 bbl	$713,127
Casinghead gas	Production	1,086,585 Mcf	$516,666
Total			$1,229,793

862,413 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 (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 29.3560, -95.0060. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.35600, -95.00596 · 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

9,511 ft

1 wells filed one

Completion to plug

17.3 years

median over 1 well

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 9,511 ft.

Completions filed

Feb 1982

1 of 1 wells

Plug dates filed

May 1999

1 of 1 wells

Last completion to plug: a median of 17.3 years across the 1 well that filed both dates, with the middle half between 17.3 years and 17.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-16701390	1	9,511 ft	Feb 1982	May 1999	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 (78)

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

78 months


Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	54	0	15.10	2.21	$815
Mar 1999	264	2,483	12.47	1.84	$7,857
Feb 1999	0	285	9.98	1.82	$518
Jan 1999	538	12,539	10.38	1.90	$29,408
Dec 1998	535	15,365	9.20	1.77	$32,169
Nov 1998	358	14,780	10.89	2.19	$36,204
Oct 1998	543	8,628	12.42	1.97	$23,734
Sep 1998	179	4,651	12.59	2.08	$11,940
Aug 1998	470	9,027	11.30	1.91	$22,529
Jul 1998	689	12,420	11.74	2.24	$35,876
Jun 1998	538	8,128	11.24	2.24	$24,232
May 1998	336	10,235	12.62	2.21	$26,822
Apr 1998	175	5,771	13.04	2.51	$16,740
Mar 1998	166	1,516	12.80	2.31	$5,626
Feb 1998	519	6,759	13.95	2.30	$22,780
Jan 1998	174	7,175	14.70	2.15	$18,018
Dec 1997	171	6,050	16.32	2.41	$17,378
Nov 1997	556	7,124	18.19	3.09	$32,114
Oct 1997	358	5,754	19.25	3.15	$25,016
Sep 1997	530	9,831	17.74	2.95	$38,452
Aug 1997	535	8,057	17.86	2.55	$30,139
Jul 1997	360	8,046	17.58	2.25	$24,408
Jun 1997	178	2,486	17.24	2.26	$8,680
May 1997	543	10,069	18.97	2.31	$33,545
Apr 1997	368	11,540	17.88	2.08	$30,615
Mar 1997	734	12,402	18.95	1.94	$37,959
Feb 1997	365	10,614	20.49	2.21	$30,892
Jan 1997	721	12,437	23.48	3.54	$60,952
Dec 1996	503	10,197	23.32	—	$11,730
Nov 1996	851	12,239	21.97	—	$18,696
Oct 1996	529	13,322	23.31	—	$12,331
Sep 1996	556	12,114	22.22	—	$12,354
Aug 1996	735	13,750	20.26	—	$14,891
Jul 1996	734	13,400	19.55	—	$14,350
Jun 1996	647	14,382	18.73	—	$12,118
May 1996	701	12,552	19.43	—	$13,620
Apr 1996	887	14,463	21.51	—	$19,079
Mar 1996	659	13,703	19.38	—	$12,771
Feb 1996	527	13,822	16.98	—	$8,948
Jan 1996	1,199	15,934	17.07	—	$20,467
Dec 1995	871	15,478	17.19	—	$14,972
Nov 1995	491	13,059	16.00	—	$7,856
Oct 1995	528	10,511	15.43	—	$8,147
Sep 1995	533	7,480	16.18	—	$8,624
Aug 1995	670	12,154	15.92	—	$10,666
Jul 1995	512	12,602	15.24	—	$7,803
Jun 1995	535	14,612	16.41	—	$8,779
May 1995	941	13,810	17.56	—	$16,524
Apr 1995	178	11,780	17.73	—	$3,156
Mar 1995	440	8,438	16.44	—	$7,234
Feb 1995	537	15,881	16.58	—	$8,903
Jan 1995	646	19,608	15.92	—	$10,284
Dec 1994	469	23,973	15.03	—	$7,049
Nov 1994	644	21,990	15.90	—	$10,240
Oct 1994	566	17,007	15.58	—	$8,818
Sep 1994	587	17,693	15.29	—	$8,975
Aug 1994	596	18,377	16.13	—	$9,613
Jul 1994	802	21,019	17.56	—	$14,083
Jun 1994	579	20,055	17.09	—	$9,895
May 1994	794	23,604	15.88	—	$12,609
Apr 1994	796	21,936	14.14	—	$11,255
Mar 1994	807	23,842	12.46	—	$10,055
Feb 1994	481	15,356	12.50	—	$6,013
Jan 1994	660	21,649	12.66	—	$8,356
Dec 1993	800	25,003	12.33	—	$9,864
Nov 1993	889	23,474	14.49	—	$12,882
Oct 1993	989	34,416	15.85	—	$15,676
Sep 1993	787	28,919	15.03	—	$11,829
Aug 1993	0	9,097	15.66	—	$0
Jul 1993	324	14,233	15.46	—	$5,009
Jun 1993	677	18,821	16.79	—	$11,367
May 1993	525	26,180	17.68	—	$9,282
Apr 1993	672	27,992	18.05	—	$12,130
Mar 1993	1,166	36,255	18.14	—	$21,151
Feb 1993	707	26,714	17.90	—	$12,655
Jan 1993	1,256	29,517	16.93	—	$21,264

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 1999 — as filed, then multipliedworked

Oil                   54 bbl  × $ 15.10 =       $815
Casinghead gas         0 Mcf  × $  2.21 =         $0

────────────────────────────────────────────────────
Month total                                     $815

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/18941 is the state's own key, not one this site invented.