SAUNDERS

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

Gas lease lease 138494District 04Field 522110602 tax incentive programmesCondensateGasSaveExport
Value, all time
$138 k
Jan 1993 – Mar 2006
Value, last 12 filed months
$0
at the published price for each month
Months reported
159
no gaps in the span
Streams
2
condensate, 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 754 leases and 754 wells, and the rule below applies to all of them.

Discovered
1974-04-22
as the register files it
Field class
Gas
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 40 acres. The field rule took effect on 2011-08-23.

The Commission's schedule remark for this field reads: REMAINS SUSPENDED. FIELD REMAINS SET TO MANUAL REVIEW.

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111991-09-01123802
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition41 bbl$617
GasProduction165,604 Mcf$136,925
Total$137,542

117,473 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 27.9596, -99.6881. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.95963, -99.68810 · 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
6,718 ft
1 wells filed one
Completion to plug
5.5 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 6,718 ft.

Completions filed
Sep 2000
1 of 1 wells
Plug dates filed
Mar 2006
1 of 1 wells

Last completion to plug: a median of 5.5 years across the 1 well that filed both dates, with the middle half between 5.5 years and 5.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793519516,718 ftSep 2000Mar 2006Yes

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 (159)

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

159 months

Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 200003,53431.875.19$18,329
Aug 200002,17329.644.54$9,867
Jul 2000090428.534.09$3,697
Jun 200001,12329.304.40$4,938
May 200001,01727.263.68$3,742
Apr 200001,26524.513.12$3,942
Mar 200001,02628.422.86$2,934
Feb 2000099427.622.73$2,710
Jan 2000093925.272.48$2,329
Dec 1999078924.282.42$1,912
Nov 1999074523.192.43$1,813
Oct 199901,06720.982.80$2,992
Sep 199901,09521.752.62$2,868
Aug 199901,45019.262.88$4,170
Jul 1999057817.892.37$1,371
Jun 1999054315.942.36$1,283
May 1999070715.792.32$1,641
Apr 1999068215.102.21$1,506
Mar 1999063212.471.84$1,162
Feb 199908669.981.82$1,574
Jan 1999079610.381.90$1,512
Dec 199805869.201.77$1,039
Nov 1998057810.892.19$1,263
Oct 1998042212.421.97$831
Sep 1998058112.592.08$1,210
Aug 1998063711.301.91$1,215
Jul 1998096711.742.24$2,163
Jun 199801,02611.242.24$2,295
May 1998099912.622.21$2,204
Apr 199801,13413.042.51$2,841
Mar 199801,02212.802.31$2,360
Feb 199801,09913.952.30$2,527
Jan 199801,33514.702.15$2,877
Dec 199701,23216.322.41$2,970
Nov 199701,23518.193.09$3,814
Oct 199701,22119.253.15$3,846
Sep 199701,26617.742.95$3,741
Aug 199701,26017.862.55$3,219
Jul 199701,41417.582.25$3,177
Jun 199701,22317.242.26$2,761
May 199701,24618.972.31$2,876
Apr 199701,29817.882.08$2,703
Mar 199701,22518.951.94$2,375
Feb 199701,09820.492.21$2,422
Jan 199701,10223.483.54$3,901
Dec 199601,09023.32$0
Nov 199601,20921.97$0
Oct 199601,68823.31$0
Sep 199601,56122.22$0
Aug 199601,71020.26$0
Jul 199601,76319.55$0
Jun 199601,38118.73$0
May 199601,61019.43$0
Apr 199601,49821.51$0
Mar 199601,79719.38$0
Feb 199601,48616.98$0
Jan 199601,70917.07$0
Dec 199501,76417.19$0
Nov 199501,64016.00$0
Oct 199501,88415.43$0
Sep 199501,62716.18$0
Aug 199501,58215.92$0
Jul 199501,79115.24$0
Jun 199501,91416.41$0
May 199502,15117.56$0
Apr 199502,08517.73$0
Mar 199501,75816.44$0
Feb 199502,09416.58$0
Jan 199502,18415.92$0
Dec 199402,24515.03$0
Nov 199402,24515.90$0
Oct 199402,64315.58$0
Sep 199402,38015.29$0
Aug 199402,64316.13$0
Jul 199402,61017.56$0
Jun 199402,44017.09$0
May 199402,56015.88$0
Apr 199402,94014.14$0
Mar 199403,15512.46$0
Feb 199402,70312.50$0
Jan 199403,09612.66$0
Dec 199303,08712.33$0
Nov 1993243,05414.49$348
Oct 1993173,09715.85$269
Sep 199303,49915.03$0
Aug 199304,04215.66$0
Jul 199303,76215.46$0
Jun 199303,70416.79$0
May 199303,97717.68$0
Apr 199304,33618.05$0
Mar 199304,43218.14$0
Feb 199303,62617.90$0
Jan 199304,22116.93$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.

Sep 2000 — as filed, then multipliedworked
Condensate             0 bbl  × $ 31.87 =         $0
Gas                3,534 Mcf  × $  5.19 =    $18,329

────────────────────────────────────────────────────
Month total                                  $18,329

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/138494 is the state's own key, not one this site invented.