PENA-VALDEZ GAS UNIT NO. 1

Name: PENA-VALDEZ GAS UNIT NO. 1 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PRIME OPERATING COMPANY (P-5 677770) in the EL MESQUITE (5200) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 131879District 04Field 28054730NGPA filingCondensateGasSave Export

Value, all time

$555 k

Jan 1993 – Feb 2011

Value, last 12 filed months

$13 k

at the published price for each month

Months reported

218

no gaps in the span

Streams

condensate, gas

The EL MESQUITE (5200) 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 49 leases and 96 wells, and the rule below applies to all of them.

Discovered

1988-04-05

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1989-08-01.

The Commission's schedule remark for this field reads: “A 320 AC. WELL”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
Condensate	Disposition	1,992 bbl	$56,345
Gas	Production	309,747 Mcf	$498,158
Total			$554,503

200,601 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 27.3775, -98.7554. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.37754, -98.75538 · 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

5,310 ft

1 wells filed one

Completion to plug

21.8 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 5,310 ft.

Completions filed

May 1989

1 of 1 wells

Plug dates filed

Feb 2011

1 of 1 wells

Last completion to plug: a median of 21.8 years across the 1 well that filed both dates, with the middle half between 21.8 years and 21.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-13137226	1	5,310 ft	May 1989	Feb 2011	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 (218)

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

218 months


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	151	0	78.10	3.51	$11,793
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	102	71.12	4.24	$432
Apr 2010	0	128	81.69	4.12	$528
Mar 2010	0	168	78.39	4.39	$737
Feb 2010	0	151	73.58	5.44	$822
Jan 2010	0	150	74.36	5.96	$895
Dec 2009	0	166	71.44	5.48	$910
Nov 2009	0	176	74.59	3.75	$660
Oct 2009	0	211	72.54	4.11	$867
Sep 2009	0	88	65.54	3.06	$270
Aug 2009	0	29	67.42	3.22	$93
Jul 2009	0	176	61.13	3.46	$610
Jun 2009	0	168	66.16	3.90	$654
May 2009	0	189	54.74	3.93	$742
Apr 2009	0	361	46.77	3.59	$1,295
Mar 2009	0	434	42.14	4.06	$1,762
Feb 2009	0	445	32.81	4.63	$2,062
Jan 2009	0	328	35.86	5.37	$1,762
Dec 2008	0	196	37.10	5.98	$1,172
Nov 2008	0	304	55.49	6.86	$2,086
Oct 2008	0	446	75.24	6.92	$3,087
Sep 2008	0	436	101.76	7.88	$3,434
Aug 2008	0	482	114.22	8.48	$4,089
Jul 2008	0	463	131.08	11.39	$5,273
Jun 2008	0	447	131.33	13.03	$5,826
May 2008	0	459	123.17	11.57	$5,313
Apr 2008	0	448	110.31	10.45	$4,684
Mar 2008	0	462	101.90	9.66	$4,465
Feb 2008	0	452	92.53	8.77	$3,964
Jan 2008	0	488	90.38	8.21	$4,004
Dec 2007	0	355	88.33	7.30	$2,592
Nov 2007	0	388	91.67	7.29	$2,829
Oct 2007	0	404	82.85	6.92	$2,796
Sep 2007	0	470	75.84	6.24	$2,935
Aug 2007	185	453	69.06	6.39	$15,670
Jul 2007	0	411	70.90	6.39	$2,625
Jun 2007	0	470	62.00	7.55	$3,548
May 2007	0	469	58.74	7.85	$3,680
Apr 2007	0	578	59.61	7.81	$4,511
Mar 2007	0	436	56.92	7.30	$3,184
Feb 2007	0	373	55.10	8.22	$3,065
Jan 2007	0	470	50.30	6.73	$3,162
Dec 2006	0	640	56.65	6.92	$4,428
Nov 2006	0	508	54.20	7.62	$3,870
Oct 2006	0	491	54.90	6.01	$2,953
Sep 2006	0	457	60.08	5.04	$2,302
Aug 2006	0	455	68.71	7.34	$3,340
Jul 2006	0	513	69.37	6.34	$3,254
Jun 2006	0	447	66.28	6.38	$2,854
May 2006	0	475	66.01	6.42	$3,052
Apr 2006	0	502	64.39	7.36	$3,695
Mar 2006	0	524	56.70	7.08	$3,711
Feb 2006	0	497	57.59	7.75	$3,852
Jan 2006	0	561	60.59	8.93	$5,012
Dec 2005	0	581	54.94	13.42	$7,794
Nov 2005	0	570	54.69	10.59	$6,035
Oct 2005	0	634	58.34	13.80	$8,747
Sep 2005	0	547	61.45	12.08	$6,607
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	373	55.69	7.84	$2,926
Jun 2005	0	526	52.33	7.38	$3,882
May 2005	0	487	45.22	6.65	$3,239
Apr 2005	0	529	49.20	7.36	$3,894
Mar 2005	0	526	50.37	7.15	$3,763
Feb 2005	0	503	45.22	6.31	$3,175
Jan 2005	0	502	43.16	6.32	$3,174
Dec 2004	0	552	39.86	6.75	$3,727
Nov 2004	0	560	45.28	6.33	$3,545
Oct 2004	0	657	49.70	6.52	$4,280
Sep 2004	0	566	43.24	5.28	$2,991
Aug 2004	0	721	42.37	5.55	$4,002
Jul 2004	0	690	38.28	6.08	$4,198
Jun 2004	0	652	36.10	6.43	$4,194
May 2004	0	593	37.48	6.49	$3,851
Apr 2004	0	604	34.47	5.86	$3,539
Mar 2004	4	656	34.36	5.53	$3,765
Feb 2004	0	731	32.45	5.51	$4,028
Jan 2004	0	719	32.03	6.30	$4,529
Dec 2003	0	764	30.26	6.30	$4,814
Nov 2003	0	132	28.80	4.60	$607
Oct 2003	0	771	28.17	4.76	$3,670
Sep 2003	0	691	26.31	4.75	$3,282
Aug 2003	0	681	29.76	5.13	$3,493
Jul 2003	189	763	29.41	5.17	$9,504
Jun 2003	0	608	28.56	5.98	$3,638
May 2003	0	614	26.59	5.97	$3,667
Apr 2003	0	660	26.67	5.41	$3,569
Mar 2003	0	831	31.14	6.10	$5,066
Feb 2003	0	672	33.48	7.93	$5,326
Jan 2003	0	726	30.31	5.58	$4,053
Dec 2002	0	827	26.91	4.85	$4,014
Nov 2002	0	890	24.66	4.14	$3,682
Oct 2002	0	933	26.46	4.23	$3,946
Sep 2002	0	898	27.44	3.64	$3,264
Aug 2002	0	994	25.96	3.16	$3,145
Jul 2002	0	951	24.58	3.06	$2,912
Jun 2002	21	1,031	23.73	3.34	$3,940
May 2002	21	1,051	24.66	3.58	$4,285
Apr 2002	18	1,178	23.65	3.51	$4,563
Mar 2002	4	405	22.00	3.10	$1,345
Feb 2002	3	27	18.22	2.38	$119
Jan 2002	14	584	17.17	2.38	$1,628
Dec 2001	14	749	16.93	2.36	$2,008
Nov 2001	6	686	18.07	2.41	$1,759
Oct 2001	6	230	19.78	2.53	$700
Sep 2001	14	309	24.26	2.25	$1,035
Aug 2001	16	345	24.87	3.05	$1,451
Jul 2001	9	748	23.93	3.20	$2,607
Jun 2001	20	957	24.56	3.82	$4,151
May 2001	20	1,036	25.52	4.31	$4,973
Apr 2001	30	1,029	24.68	5.34	$6,230
Mar 2001	8	1,197	24.54	5.38	$6,632
Feb 2001	15	1,193	27.75	5.77	$7,296
Jan 2001	11	1,357	27.47	8.40	$11,699
Dec 2000	7	1,184	26.88	9.12	$10,989
Nov 2000	5	297	32.21	5.66	$1,841
Oct 2000	0	24	31.23	5.15	$123
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	14	896	29.64	4.54	$4,483
Jul 2000	0	715	28.53	4.09	$2,924
Jun 2000	0	621	29.30	4.40	$2,731
May 2000	0	766	27.26	3.68	$2,819
Apr 2000	0	691	24.51	3.12	$2,153
Mar 2000	0	599	28.42	2.86	$1,713
Feb 2000	0	390	27.62	2.73	$1,063
Jan 2000	0	152	25.27	2.48	$377
Dec 1999	0	528	24.28	2.42	$1,280
Nov 1999	0	388	23.19	2.43	$944
Oct 1999	0	568	20.98	2.80	$1,593
Sep 1999	0	742	21.75	2.62	$1,943
Aug 1999	0	860	19.26	2.88	$2,473
Jul 1999	0	722	17.89	2.37	$1,713
Jun 1999	0	749	15.94	2.36	$1,769
May 1999	0	834	15.79	2.32	$1,936
Apr 1999	0	1,040	15.10	2.21	$2,296
Mar 1999	0	1,071	12.47	1.84	$1,969
Feb 1999	0	977	9.98	1.82	$1,776
Jan 1999	0	923	10.38	1.90	$1,754
Dec 1998	0	904	9.20	1.77	$1,603
Nov 1998	0	925	10.89	2.19	$2,022
Oct 1998	0	984	12.42	1.97	$1,938
Sep 1998	0	1,013	12.59	2.08	$2,110
Aug 1998	0	1,021	11.30	1.91	$1,947
Jul 1998	0	1,341	11.74	2.24	$3,000
Jun 1998	0	1,231	11.24	2.24	$2,754
May 1998	2	1,092	12.62	2.21	$2,435
Apr 1998	0	1,354	13.04	2.51	$3,392
Mar 1998	0	1,639	12.80	2.31	$3,785
Feb 1998	0	1,611	13.95	2.30	$3,704
Jan 1998	0	1,740	14.70	2.15	$3,749
Dec 1997	0	1,792	16.32	2.41	$4,321
Nov 1997	0	1,417	18.19	3.09	$4,376
Oct 1997	0	970	19.25	3.15	$3,055
Sep 1997	0	1,413	17.74	2.95	$4,175
Aug 1997	0	1,486	17.86	2.55	$3,796
Jul 1997	0	1,517	17.58	2.25	$3,409
Jun 1997	0	1,506	17.24	2.26	$3,399
May 1997	0	1,517	18.97	2.31	$3,502
Apr 1997	0	1,405	17.88	2.08	$2,926
Mar 1997	0	1,613	18.95	1.94	$3,128
Feb 1997	0	1,453	20.49	2.21	$3,205
Jan 1997	0	1,568	23.48	3.54	$5,550
Dec 1996	0	1,618	23.32	—	$0
Nov 1996	0	1,839	21.97	—	$0
Oct 1996	0	2,400	23.31	—	$0
Sep 1996	0	1,805	22.22	—	$0
Aug 1996	119	2,299	20.26	—	$2,411
Jul 1996	0	2,278	19.55	—	$0
Jun 1996	0	2,966	18.73	—	$0
May 1996	0	3,567	19.43	—	$0
Apr 1996	0	3,535	21.51	—	$0
Mar 1996	0	4,435	19.38	—	$0
Feb 1996	0	4,815	16.98	—	$0
Jan 1996	0	5,749	17.07	—	$0
Dec 1995	0	4,675	17.19	—	$0
Nov 1995	259	4,423	16.00	—	$4,144
Oct 1995	0	4,749	15.43	—	$0
Sep 1995	0	5,288	16.18	—	$0
Aug 1995	0	5,322	15.92	—	$0
Jul 1995	0	4,661	15.24	—	$0
Jun 1995	0	4,818	16.41	—	$0
May 1995	0	4,640	17.56	—	$0
Apr 1995	0	4,934	17.73	—	$0
Mar 1995	0	5,697	16.44	—	$0
Feb 1995	186	5,371	16.58	—	$3,084
Jan 1995	0	5,935	15.92	—	$0
Dec 1994	0	5,229	15.03	—	$0
Nov 1994	0	4,497	15.90	—	$0
Oct 1994	0	3,832	15.58	—	$0
Sep 1994	0	2,776	15.29	—	$0
Aug 1994	0	4,965	16.13	—	$0
Jul 1994	0	3,611	17.56	—	$0
Jun 1994	137	2,540	17.09	—	$2,341
May 1994	0	5,265	15.88	—	$0
Apr 1994	0	5,069	14.14	—	$0
Mar 1994	0	4,234	12.46	—	$0
Feb 1994	150	3,367	12.50	—	$1,875
Jan 1994	0	4,193	12.66	—	$0
Dec 1993	0	4,475	12.33	—	$0
Nov 1993	0	3,904	14.49	—	$0
Oct 1993	0	4,402	15.85	—	$0
Sep 1993	163	4,474	15.03	—	$2,450
Aug 1993	0	4,703	15.66	—	$0
Jul 1993	0	4,901	15.46	—	$0
Jun 1993	0	5,459	16.79	—	$0
May 1993	0	4,927	17.68	—	$0
Apr 1993	171	3,957	18.05	—	$3,087
Mar 1993	0	4,200	18.14	—	$0
Feb 1993	0	3,718	17.90	—	$0
Jan 1993	0	4,084	16.93	—	$0

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.

Oct 2010 — as filed, then multipliedworked

Condensate           151 bbl  × $ 78.10 =    $11,793
Gas                    0 Mcf  × $  3.51 =         $0

────────────────────────────────────────────────────
Month total                                  $11,793

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. 04/G/131879 is the state's own key, not one this site invented.