PETRICH - LORENZ

Operated by IMPETRO OPERATING LLC (P-5 423519) in the STEPHANIE (WILCOX) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24787District 03Field 85911700OilCasinghead gasSaveExport
Value, all time
$10.7 M
Oct 2005 – Oct 2013
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
97
no gaps in the span
Streams
2
oil, casinghead gas

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 7 leases and 7 wells, and the rule below applies to all of them.

Discovered
1989-05-22
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1991-03-19.

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
OilDisposition138,702 bbl$9,536,338
Casinghead gasProduction154,243 Mcf$1,123,664
Total$10,660,003

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 30.1208, -96.8166. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.12078, -96.81658 · 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
100.0%
1 of 1 wells
Median depth
5,550 ft
1 wells filed one
Completion to plug
7.6 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 5,550 ft.

Completions filed
Oct 2005
1 of 1 wells
Plug dates filed
May 2013
1 of 1 wells

Last completion to plug: a median of 7.6 years across the 1 well that filed both dates, with the middle half between 7.6 years and 7.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1493315315,550 ftOct 2005May 2013Yes

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 (97)

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

97 months

Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 201350091.233.42$4,562
Jan 20131091.603.42$92
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 2011138096.873.24$13,368
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 2011177392.904.64$16,457
May 20110298.134.40$9
Apr 201100105.964.33$0
Mar 2011182496.364.06$17,554
Feb 20110685.644.18$25
Jan 20110986.504.59$41
Dec 2010103285.734.35$8,839
Nov 20101842780.843.80$14,977
Oct 20101792178.103.51$14,054
Sep 20101842572.633.98$13,463
Aug 20103503873.684.42$25,956
Jul 20101835372.554.74$13,528
Jun 2010183070.364.91$12,876
May 20101845371.124.24$13,311
Apr 20105332981.694.12$43,660
Mar 20100078.394.39$0
Feb 20100773.585.44$38
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 2009710074.593.75$52,959
Oct 20091,086072.544.11$78,778
Sep 2009721065.543.06$47,254
Aug 20091,07735267.423.22$73,744
Jul 20091,2481,15261.133.46$80,281
Jun 20091,4201,17566.163.90$98,524
May 20091,7751,27754.743.93$102,177
Apr 20091,7761,29646.773.59$87,713
Mar 20091,7841,46642.144.06$81,128
Feb 20092,0111,35232.814.63$72,245
Jan 20091,8731,58335.865.37$75,668
Dec 20082,1971,65637.105.98$91,407
Nov 20081,8511,69455.496.86$114,333
Oct 20082,6181,77775.246.92$209,279
Sep 20082,2581,928101.767.88$244,961
Aug 20082,2391,692114.228.48$270,092
Jul 20082,0891,651131.0811.39$292,630
Jun 20081,9391,621131.3313.03$275,775
May 20082,2701,798123.1711.57$300,406
Apr 20082,2811,920110.3110.45$271,690
Mar 20081,112748101.909.66$120,542
Feb 20081,6701,32892.538.77$166,172
Jan 20082,6281,92890.388.21$253,339
Dec 20072,2372,36888.337.30$214,885
Nov 20073,312091.677.29$303,611
Oct 20073,499082.856.92$289,892
Sep 20073,7994,84575.846.24$318,369
Aug 20073,8005,77869.066.39$299,338
Jul 20074,9996,54870.906.39$396,257
Jun 20073,9129,50062.007.55$314,254
May 20075,1798,69958.747.85$372,469
Apr 20074,2246,47259.617.81$302,308
Mar 20073,6365,12456.927.30$244,376
Feb 20072,9084,01955.108.22$193,251
Jan 20073,4854,99150.306.73$208,869
Dec 20064,5276,80056.656.92$303,500
Nov 20062,6687,83154.207.62$204,258
Oct 20064,7337,34254.906.01$303,995
Sep 20064,7066,74860.085.04$316,728
Aug 20064,0046,44068.717.34$322,384
Jul 20063,5934,45069.376.34$277,472
Jun 20063,2653,51066.286.38$238,812
May 20063,4353,78366.016.42$251,050
Apr 20063,2683,21264.397.36$234,068
Mar 20062,8913,44656.707.08$188,327
Feb 20063,2343,33057.597.75$212,057
Jan 20063,2513,36860.598.93$227,066
Dec 20053,4413,00154.9413.42$229,308
Nov 20053,4322,93454.6910.59$218,762
Oct 200503158.3413.80$428

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 2013 — as filed, then multipliedworked
Oil                   50 bbl  × $ 91.23 =     $4,562
Casinghead gas         0 Mcf  × $  3.42 =         $0

────────────────────────────────────────────────────
Month total                                   $4,562

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/24787 is the state's own key, not one this site invented.