PIERCE ESTATE

Operated by CHP OIL & GAS COMPANY, L.C. (P-5 120479) in the HUTCHINS, SW. (5880) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27307District 03Field 43822935OilCasinghead gasSaveExport
Value, all time
$990 k
May 2017 – May 2026
Value, last 12 filed months
$70 k
at the published price for each month
Months reported
109
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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered
1965-09-03
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition15,705 bbl$971,221
Casinghead gasProduction5,788 Mcf$18,801
Total$990,022

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 29.2416, -96.2784. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.24162, -96.27835 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
12,200 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
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.
1100.0%

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 12,200 ft.

Completions filed
May 2017
1 of 1 wells

1 well

42-48133160712,200 ftMay 2017

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 (109)

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

109 months

May 202600106.413.05$0
Apr 202679098.932.87$7,815
Mar 202680089.753.15$7,180
Feb 2026161063.503.75$10,224
Jan 202680059.138.00$4,730
Dec 202580056.664.41$4,533
Nov 2025161058.593.93$9,433
Oct 202583059.383.30$4,929
Sep 202581062.743.08$5,082
Aug 202581063.933.01$5,178
Jul 202580066.743.32$5,339
Jun 202580066.483.13$5,318
May 2025162060.553.23$9,809
Apr 202583062.363.54$5,176
Mar 202578067.704.27$5,281
Feb 202580070.884.34$5,670
Jan 202592074.324.28$6,837
Dec 202489068.993.12$6,140
Nov 202488069.052.20$6,076
Oct 202489071.372.28$6,352
Sep 202484069.612.36$5,847
Aug 2024173075.632.06$13,084
Jul 202482079.932.15$6,554
Jun 202482078.082.63$6,403
May 202482078.812.20$6,462
Apr 2024147084.451.66$12,414
Mar 202482080.301.55$6,585
Feb 202477076.091.78$5,859
Jan 202483073.023.30$6,061
Dec 2023181071.262.61$12,898
Nov 202389077.892.81$6,932
Oct 202375085.443.09$6,408
Sep 202386089.042.74$7,657
Aug 202387080.522.67$7,005
Jul 202377074.852.64$5,763
Jun 202386068.962.26$5,931
May 2023149070.622.23$10,522
Apr 202375078.122.24$5,859
Mar 2023157072.852.39$11,437
Feb 202377075.112.47$5,783
Jan 20230076.533.39$0
Dec 2022163076.415.73$12,455
Nov 20220085.005.65$0
Oct 2022152087.185.86$13,251
Sep 202275084.888.16$6,366
Aug 2022158094.529.13$14,934
Jul 2022830101.587.54$8,431
Jun 20221880115.097.98$21,637
May 20221580109.378.43$17,280
Apr 20221590104.226.84$16,571
Mar 20221590108.885.08$17,312
Feb 202281091.054.86$7,375
Jan 202280081.844.54$6,547
Dec 2021154071.323.90$10,983
Nov 2021181077.435.24$14,015
Oct 202185079.795.71$6,782
Sep 2021162069.865.35$11,317
Aug 202182066.024.22$5,414
Jul 2021159070.783.98$11,254
Jun 202183069.493.38$5,768
May 2021176063.483.02$11,172
Apr 2021173060.362.76$10,442
Mar 2021174061.302.72$10,666
Feb 202187057.805.55$5,029
Jan 2021181050.412.81$9,124
Dec 2020170044.642.68$7,589
Nov 202084038.772.71$3,257
Oct 2020165036.972.48$6,100
Sep 2020162037.091.99$6,009
Aug 2020170039.982.39$6,797
Jul 2020164038.371.83$6,293
Jun 2020175034.901.69$6,108
May 20200016.921.81$0
Apr 2020174014.751.80$2,567
Mar 202091030.341.86$2,761
Feb 2020167049.881.98$8,330
Jan 2020166057.252.09$9,504
Dec 201982059.012.30$4,839
Nov 2019172055.302.75$9,512
Oct 2019256053.472.42$13,688
Sep 2019169055.052.66$9,303
Aug 2019162053.112.30$8,604
Jul 2019262056.272.46$14,743
Jun 2019244052.782.49$12,878
May 2019244058.482.74$14,269
Apr 2019157062.632.75$9,833
Mar 2019249056.803.06$14,143
Feb 2019163050.852.79$8,289
Jan 2019159046.033.23$7,319
Dec 2018218046.594.19$10,157
Nov 2018161052.934.24$8,522
Oct 2018227061.443.40$13,947
Sep 2018128059.543.11$7,621
Aug 2018326059.403.07$19,364
Jul 2018251065.142.93$16,350
Jun 2018244060.183.08$14,684
May 2018285065.382.90$18,633
Apr 201813063.842.90$830
Mar 2018312061.222.79$19,101
Feb 2018315061.782.77$19,461
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 201772049.292.98$3,549
Sep 2017278047.523.09$13,211
Aug 2017243045.373.00$11,025
Jul 2017258043.873.09$11,318
Jun 201783650042.493.09$37,065
May 20175405,28845.373.26$41,757

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 2026 — as filed, then multipliedworked
Oil                   79 bbl  × $ 98.93 =     $7,815
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                   $7,815

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/27307 is the state's own key, not one this site invented.