POTRERO FARIAS SOUTH OIL & GAS

Operated by SARITA ENERGY RESOURCES, LTD. (P-5 748635) in the POTRERO FARIAS, S. (G-83, S) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 145715District 04Field 72655173CondensateGasSaveExport
Value, all time
$8.2 M
Apr 1993 – Dec 2007
Value, last 12 filed months
$911
at the published price for each month
Months reported
177
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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered
1993-04-25
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: ALLOCATION FORMULA EFFECTIVE 04/01/95.

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
CondensateDisposition7,277 bbl$140,791
GasProduction3,756,553 Mcf$8,103,625
Total$8,244,416

1,501,197 Mcf of this lease's gas, across 44 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 26.9750, -97.4918. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.97502, -97.49177 · 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
8,271 ft
1 wells filed one
Completion to plug
20.8 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 8,271 ft.

Completions filed
Jul 2005
1 of 1 wells
Plug dates filed
May 2026
1 of 1 wells

Last completion to plug: a median of 20.8 years across the 1 well that filed both dates, with the middle half between 20.8 years and 20.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2613113628,271 ftJul 2005May 2026Yes

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 (177)

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

177 months

Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 200711082.856.92$911
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
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 2005350049.207.36$17,220
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 200403,18734.475.86$18,671
Mar 2004014,86734.365.53$82,217
Feb 200402,99832.455.51$16,518
Jan 200409,47532.036.30$59,689
Dec 2003017,91230.266.30$112,875
Nov 2003015,57828.804.60$71,583
Oct 2003019,56828.174.76$93,137
Sep 2003021,22626.314.75$100,810
Aug 2003020,69429.765.13$106,154
Jul 2003022,20529.415.17$114,819
Jun 2003024,48928.565.98$146,517
May 2003027,06726.595.97$161,663
Apr 200317823,60926.675.41$132,408
Mar 2003013,70831.146.10$83,565
Feb 2003019,59933.487.93$155,339
Jan 2003012,11630.315.58$67,632
Dec 2002013,94126.914.85$67,666
Nov 2002019,34424.664.14$80,025
Oct 2002017,85226.464.23$75,498
Sep 2002022,66327.443.64$82,385
Aug 200218427,79425.963.16$92,721
Jul 2002026,64024.583.06$81,565
Jun 2002028,86823.733.34$96,368
May 2002025,94824.663.58$92,998
Apr 2002025,15423.653.51$88,349
Mar 2002029,39122.003.10$91,192
Feb 2002027,87218.222.38$66,215
Jan 2002031,75717.172.38$75,444
Dec 2001031,88816.932.36$75,396
Nov 2001032,75418.072.41$78,790
Oct 200117735,02519.782.53$92,075
Sep 2001034,50124.262.25$77,673
Aug 2001035,22124.873.05$107,535
Jul 2001038,47623.933.20$123,011
Jun 200118237,75424.563.82$148,847
May 2001040,73825.524.31$175,472
Apr 2001034,40524.685.34$183,562
Mar 200118037,54224.545.38$206,260
Feb 2001042,40527.755.77$244,553
Jan 2001051,90227.478.40$435,912
Dec 2000056,33426.889.12$513,907
Nov 2000022,00532.215.66$124,504
Oct 2000019,57231.235.15$100,708
Sep 2000015,73031.875.19$81,584
Aug 2000024,30629.644.54$110,367
Jul 200018627,95828.534.09$119,648
Jun 2000024,57129.304.40$108,045
May 2000026,42127.263.68$97,223
Apr 2000021,53324.513.12$67,097
Mar 2000027,36428.422.86$78,254
Feb 2000026,25427.622.73$71,582
Jan 200018428,42525.272.48$75,158
Dec 1999029,49324.282.42$71,483
Nov 1999029,69223.192.43$72,270
Oct 199918833,09820.982.80$96,741
Sep 199908,79821.752.62$23,041
Aug 1999020,28119.262.88$58,320
Jul 1999029,64617.892.37$70,331
Jun 1999028,91315.942.36$68,295
May 199918926,53315.792.32$64,568
Apr 1999029,08415.102.21$64,219
Mar 1999032,65412.471.84$60,029
Feb 1999030,0529.981.82$54,628
Jan 199918930,06710.381.90$59,088
Dec 199817231,9629.201.77$58,261
Nov 1998031,99810.892.19$69,939
Oct 1998026,29812.421.97$51,786
Sep 1998034,26712.592.08$71,365
Aug 1998030,40211.301.91$57,987
Jul 1998036,02211.742.24$80,591
Jun 1998033,40911.242.24$74,745
May 1998022,37412.622.21$49,365
Apr 1998020,70713.042.51$51,878
Mar 199817919,53312.802.31$47,401
Feb 199818017,32713.952.30$42,348
Jan 1998019,08514.702.15$41,124
Dec 1997019,36616.322.41$46,693
Nov 1997021,64818.193.09$66,855
Oct 199717723,26919.253.15$76,700
Sep 1997021,66117.742.95$64,006
Aug 199718521,94817.862.55$59,376
Jul 1997024,14917.582.25$54,261
Jun 1997020,67917.242.26$46,677
May 199717824,77818.972.31$60,577
Apr 1997021,46017.882.08$44,696
Mar 1997023,79118.951.94$46,134
Feb 1997019,38620.492.21$42,764
Jan 199717522,92023.483.54$85,239
Dec 1996021,42123.32$0
Nov 1996017,62621.97$0
Oct 199632826,16823.31$7,646
Sep 1996028,64022.22$0
Aug 1996017,07020.26$0
Jul 1996022,37619.55$0
Jun 199614625,32218.73$2,735
May 199612714,48219.43$2,468
Apr 1996024,44821.51$0
Mar 1996026,88419.38$0
Feb 1996025,24016.98$0
Jan 199610925,67017.07$1,861
Dec 1995026,67517.19$0
Nov 1995027,92716.00$0
Oct 199510228,00615.43$1,574
Sep 1995042,26016.18$0
Aug 1995018,69815.92$0
Jul 199517332,90115.24$2,637
Jun 199518032,26316.41$2,954
May 1995035,65817.56$0
Apr 199515333,84517.73$2,713
Mar 1995037,18216.44$0
Feb 1995033,99816.58$0
Jan 1995038,09215.92$0
Dec 199431038,38815.03$4,659
Nov 1994035,24715.90$0
Oct 199413733,09615.58$2,134
Sep 199412735,78015.29$1,942
Aug 199414641,51516.13$2,355
Jul 1994035,41517.56$0
Jun 199412336,54917.09$2,102
May 199410642,03515.88$1,683
Apr 19949740,92514.14$1,372
Mar 199420543,09612.46$2,554
Feb 199421338,08212.50$2,663
Jan 199411242,92712.66$1,418
Dec 199319940,28612.33$2,454
Nov 19939743,85414.49$1,406
Oct 199310854,39715.85$1,712
Sep 199328954,24215.03$4,344
Aug 1993057,71715.66$0
Jul 199314758,33915.46$2,273
Jun 19939650,21216.79$1,612
May 1993316,24317.68$53
Apr 19930018.05$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 2007 — as filed, then multipliedworked
Condensate            11 bbl  × $ 82.85 =       $911
Gas                    0 Mcf  × $  6.92 =         $0

────────────────────────────────────────────────────
Month total                                     $911

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/145715 is the state's own key, not one this site invented.