IP FARMS "PG"

Name: IP FARMS "PG" lease production and value, Aug 1995 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KIAWAH RESOURCES, LLC (P-5 458819) in the PEGASUS GULF COAST (ALIBEL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 22879District 03Field 70292005OilCasinghead gasSave Export

Value, all time

$6.6 M

Aug 1995 – Jun 2015

Value, last 12 filed months

$558

at the published price for each month

Months reported

239

no gaps in the span

Streams

oil, casinghead gas

The PEGASUS GULF COAST (ALIBEL) 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 1 leases and 1 wells, and the rule below applies to all of them.

Discovered

1995-08-31

as the register files it

Field class

Oil

the register's own label

Between wells

1,867 ft

minimum

From a lease line

933 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1997-06-03.

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	194,281 bbl	$4,676,726
Casinghead gas	Production	1,029,414 Mcf	$1,927,087
Total			$6,603,812

578,940 Mcf of this lease's gas, across 17 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 29.2412, -95.1623. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.24118, -95.16225 · 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

12,960 ft

1 wells filed one

Completion to plug

9.1 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 12,960 ft.

Completions filed

Oct 2005

1 of 1 wells

Plug dates filed

Nov 2014

1 of 1 wells

Last completion to plug: a median of 9.1 years across the 1 well that filed both dates, with the middle half between 9.1 years and 9.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-03932440	1	12,960 ft	Oct 2005	Nov 2014	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 (239)

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

239 months


Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	13	0	42.89	2.93	$558
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	27	0	90.40	4.86	$2,441
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	362	1,834	61.13	3.46	$28,483
Jun 2009	859	4,391	66.16	3.90	$73,934
May 2009	552	4,572	54.74	3.93	$48,165
Apr 2009	541	4,163	46.77	3.59	$40,237
Mar 2009	551	4,399	42.14	4.06	$41,075
Feb 2009	557	3,629	32.81	4.63	$35,088
Jan 2009	748	3,881	35.86	5.37	$47,668
Dec 2008	583	3,949	37.10	5.98	$45,233
Nov 2008	562	4,351	55.49	6.86	$61,035
Oct 2008	380	3,530	75.24	6.92	$53,026
Sep 2008	369	1,505	101.76	7.88	$49,404
Aug 2008	563	4,694	114.22	8.48	$104,125
Jul 2008	560	4,746	131.08	11.39	$127,459
Jun 2008	554	4,794	131.33	13.03	$135,235
May 2008	580	4,839	123.17	11.57	$127,447
Apr 2008	374	4,327	110.31	10.45	$86,494
Mar 2008	557	4,318	101.90	9.66	$98,488
Feb 2008	593	4,550	92.53	8.77	$94,776
Jan 2008	607	4,439	90.38	8.21	$91,286
Dec 2007	580	4,350	88.33	7.30	$82,995
Nov 2007	369	4,348	91.67	7.29	$65,531
Oct 2007	568	4,309	82.85	6.92	$76,886
Sep 2007	384	4,144	75.84	6.24	$54,998
Aug 2007	631	4,238	69.06	6.39	$70,649
Jul 2007	386	3,975	70.90	6.39	$52,759
Jun 2007	380	3,925	62.00	7.55	$53,188
May 2007	384	3,759	58.74	7.85	$52,050
Apr 2007	384	3,463	59.61	7.81	$49,920
Mar 2007	389	3,930	56.92	7.30	$50,839
Feb 2007	197	2,974	55.10	8.22	$35,289
Jan 2007	194	2,578	50.30	6.73	$27,100
Dec 2006	217	2,533	56.65	6.92	$29,817
Nov 2006	225	2,773	54.20	7.62	$33,318
Oct 2006	207	2,742	54.90	6.01	$27,854
Sep 2006	198	2,502	60.08	5.04	$24,499
Aug 2006	202	1,807	68.71	7.34	$27,143
Jul 2006	206	2,271	69.37	6.34	$28,695
Jun 2006	387	2,437	66.28	6.38	$41,208
May 2006	618	2,891	66.01	6.42	$59,369
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	228	0	58.34	13.80	$13,302
Sep 2005	0	181	61.45	12.08	$2,186
Aug 2005	0	371	61.51	9.80	$3,635
Jul 2005	195	241	55.69	7.84	$12,750
Jun 2005	0	205	52.33	7.38	$1,513
May 2005	1	107	45.22	6.65	$757
Apr 2005	194	32	49.20	7.36	$9,780
Mar 2005	1	107	50.37	7.15	$816
Feb 2005	191	154	45.22	6.31	$9,609
Jan 2005	0	181	43.16	6.32	$1,144
Dec 2004	0	233	39.86	6.75	$1,573
Nov 2004	191	219	45.28	6.33	$10,035
Oct 2004	1	275	49.70	6.52	$1,841
Sep 2004	1	251	43.24	5.28	$1,370
Aug 2004	181	293	42.37	5.55	$9,295
Jul 2004	0	305	38.28	6.08	$1,856
Jun 2004	169	322	36.10	6.43	$8,172
May 2004	0	267	37.48	6.49	$1,734
Apr 2004	177	299	34.47	5.86	$7,853
Mar 2004	0	281	34.36	5.53	$1,554
Feb 2004	180	254	32.45	5.51	$7,240
Jan 2004	0	65	32.03	6.30	$409
Dec 2003	185	191	30.26	6.30	$6,802
Nov 2003	0	130	28.80	4.60	$597
Oct 2003	113	419	28.17	4.76	$5,178
Sep 2003	180	322	26.31	4.75	$6,265
Aug 2003	1	315	29.76	5.13	$1,646
Jul 2003	168	293	29.41	5.17	$6,456
Jun 2003	2	523	28.56	5.98	$3,186
May 2003	179	562	26.59	5.97	$8,116
Apr 2003	183	550	26.67	5.41	$7,855
Mar 2003	185	571	31.14	6.10	$9,242
Feb 2003	3	254	33.48	7.93	$2,114
Jan 2003	185	379	30.31	5.58	$7,723
Dec 2002	0	390	26.91	4.85	$1,893
Nov 2002	185	369	24.66	4.14	$6,089
Oct 2002	186	571	26.46	4.23	$7,336
Sep 2002	0	581	27.44	3.64	$2,112
Aug 2002	189	697	25.96	3.16	$7,112
Jul 2002	0	708	24.58	3.06	$2,168
Jun 2002	186	834	23.73	3.34	$7,198
May 2002	282	1,090	24.66	3.58	$10,861
Apr 2002	178	941	23.65	3.51	$7,515
Mar 2002	396	1,329	22.00	3.10	$12,836
Feb 2002	199	1,119	18.22	2.38	$6,284
Jan 2002	185	1,159	17.17	2.38	$5,930
Dec 2001	369	786	16.93	2.36	$8,106
Nov 2001	176	1,444	18.07	2.41	$6,654
Oct 2001	336	1,875	19.78	2.53	$11,388
Sep 2001	306	1,682	24.26	2.25	$11,210
Aug 2001	342	1,496	24.87	3.05	$13,073
Jul 2001	368	1,244	23.93	3.20	$12,783
Jun 2001	383	1,899	24.56	3.82	$16,669
May 2001	362	2,145	25.52	4.31	$18,477
Apr 2001	386	2,424	24.68	5.34	$22,459
Mar 2001	390	1,736	24.54	5.38	$18,904
Feb 2001	360	2,232	27.75	5.77	$22,862
Jan 2001	544	2,125	27.47	8.40	$32,791
Dec 2000	375	2,373	26.88	9.12	$31,728
Nov 2000	510	2,051	32.21	5.66	$28,032
Oct 2000	333	2,258	31.23	5.15	$22,018
Sep 2000	562	2,554	31.87	5.19	$31,157
Aug 2000	455	2,212	29.64	4.54	$23,530
Jul 2000	502	3,064	28.53	4.09	$26,853
Jun 2000	564	2,824	29.30	4.40	$28,943
May 2000	499	3,512	27.26	3.68	$26,526
Apr 2000	598	3,419	24.51	3.12	$25,311
Mar 2000	517	3,459	28.42	2.86	$24,585
Feb 2000	463	3,664	27.62	2.73	$22,778
Jan 2000	725	3,023	25.27	2.48	$25,819
Dec 1999	604	3,601	24.28	2.42	$23,393
Nov 1999	577	3,146	23.19	2.43	$21,038
Oct 1999	575	3,909	20.98	2.80	$23,023
Sep 1999	665	3,992	21.75	2.62	$24,918
Aug 1999	581	4,393	19.26	2.88	$23,823
Jul 1999	726	4,303	17.89	2.37	$23,196
Jun 1999	945	3,596	15.94	2.36	$23,557
May 1999	554	3,846	15.79	2.32	$17,674
Apr 1999	797	4,170	15.10	2.21	$21,242
Mar 1999	761	3,965	12.47	1.84	$16,779
Feb 1999	795	3,300	9.98	1.82	$13,933
Jan 1999	737	3,669	10.38	1.90	$14,621
Dec 1998	919	3,732	9.20	1.77	$15,073
Nov 1998	955	3,577	10.89	2.19	$18,218
Oct 1998	777	4,155	12.42	1.97	$17,832
Sep 1998	923	4,536	12.59	2.08	$21,067
Aug 1998	942	6,930	11.30	1.91	$23,863
Jul 1998	1,125	6,832	11.74	2.24	$28,493
Jun 1998	908	5,112	11.24	2.24	$21,643
May 1998	1,135	5,618	12.62	2.21	$26,719
Apr 1998	1,015	5,878	13.04	2.51	$27,962
Mar 1998	1,340	5,137	12.80	2.31	$29,016
Feb 1998	933	6,154	13.95	2.30	$27,164
Jan 1998	1,475	6,440	14.70	2.15	$35,559
Dec 1997	1,539	5,755	16.32	2.41	$38,992
Nov 1997	1,493	6,589	18.19	3.09	$47,506
Oct 1997	1,730	7,514	19.25	3.15	$56,970
Sep 1997	1,613	9,512	17.74	2.95	$56,721
Aug 1997	1,957	9,640	17.86	2.55	$59,580
Jul 1997	1,725	10,314	17.58	2.25	$53,500
Jun 1997	1,849	9,924	17.24	2.26	$54,277
May 1997	1,924	10,191	18.97	2.31	$60,024
Apr 1997	1,833	10,267	17.88	2.08	$54,158
Mar 1997	2,038	11,115	18.95	1.94	$60,174
Feb 1997	2,059	12,440	20.49	2.21	$69,630
Jan 1997	3,869	19,921	23.48	3.54	$161,358
Dec 1996	5,159	27,541	23.32	—	$120,308
Nov 1996	5,768	28,930	21.97	—	$126,723
Oct 1996	5,469	29,401	23.31	—	$127,482
Sep 1996	5,024	24,694	22.22	—	$111,633
Aug 1996	4,506	23,149	20.26	—	$91,292
Jul 1996	6,220	31,250	19.55	—	$121,601
Jun 1996	6,980	37,361	18.73	—	$130,735
May 1996	7,338	40,047	19.43	—	$142,577
Apr 1996	7,106	36,484	21.51	—	$152,850
Mar 1996	8,629	45,945	19.38	—	$167,230
Feb 1996	8,560	47,271	16.98	—	$145,349
Jan 1996	9,484	50,807	17.07	—	$161,892
Dec 1995	9,666	52,078	17.19	—	$166,159
Nov 1995	9,358	1,735	16.00	—	$149,728
Oct 1995	9,593	56,410	15.43	—	$148,020
Sep 1995	7,740	44,143	16.18	—	$125,233
Aug 1995	185	1,694	15.92	—	$2,945

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.

Mar 2015 — as filed, then multipliedworked

Oil                   13 bbl  × $ 42.89 =       $558
Casinghead gas         0 Mcf  × $  2.93 =         $0

────────────────────────────────────────────────────
Month total                                     $558

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/22879 is the state's own key, not one this site invented.