GOREE

Operated by PALMER PETROLEUM INC. (P-5 636222) in the FORT TRINIDAD, EAST (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24780District 03Field 32157071OilCasinghead gasSave
Value, all time
$3.6 M
Nov 2004 – Jun 2008
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
44
no gaps in the span
Streams
2
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.

StreamBasisVolumeValue
OilDisposition57,032 bbl$2,944,703
Casinghead gasProduction78,396 Mcf$631,503
Total$3,576,206

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 31.0097, -95.7587. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.00974, -95.75870 · centre of the wells drawn, derived

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
0.0%
0 of 1 wells
Median depth
9,409 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1100.0%
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.
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 9,409 ft.

Completions filed
May 2011
1 of 1 wells

1 well

42-3133078319,409 ftMay 2011Yes

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 (44)

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

44 months

Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 2008102092.538.77$9,438
Jan 20080090.388.21$0
Dec 20073088.337.30$265
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 2007019075.846.24$1,186
Aug 2007321069.066.39$1,549
Jul 2007021070.906.39$1,341
Jun 20071062.007.55$62
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 2007027056.927.30$1,972
Feb 200701055.108.22$82
Jan 2007012050.306.73$807
Dec 2006027356.656.92$1,889
Nov 200601054.207.62$76
Oct 2006031054.906.01$1,864
Sep 200619335860.085.04$13,399
Aug 20061,37395668.717.34$101,356
Jul 200699747669.376.34$72,181
Jun 200641126166.286.38$28,907
May 20061969166.016.42$13,523
Apr 20061,8224,66964.397.36$151,685
Mar 20063,6903,00856.707.08$230,528
Feb 200606057.597.75$465
Jan 20062,3642,99860.598.93$170,017
Dec 20053,3922,30654.9413.42$217,292
Nov 20054,2045,62854.6910.59$289,508
Oct 20053,0755,07458.3413.80$249,395
Sep 20051,6043,14761.4512.08$136,578
Aug 20051,6311,58761.519.80$115,870
Jul 20052,3162,90455.697.84$151,756
Jun 20052,6533,46352.337.38$164,392
May 20051394,62945.226.65$37,074
Apr 2005034949.207.36$2,569
Mar 20054,3034,26250.377.15$247,236
Feb 20055,75512,17745.226.31$337,101
Jan 20056,2454,39043.166.32$297,289
Dec 20048,05310,50039.866.75$391,879
Nov 20042,5073,50045.286.33$135,673

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.

Feb 2008 — as filed, then multipliedworked
Oil                  102 bbl  × $ 92.53 =     $9,438
Casinghead gas         0 Mcf  × $  8.77 =         $0

────────────────────────────────────────────────────
Month total                                   $9,438

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/24780 is the state's own key, not one this site invented.