L & P

Operated by L.O.G. ENERGY EXPLORATION, LTD. (P-5 480181) in the LA PERLA (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 154612District 04Field 509250152 tax incentive programmesCondensateGasSaveExport
Value, all time
$368 k
Nov 1994 – May 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
271
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 719 leases and 719 wells, and the rule below applies to all of them.

Discovered
1999-06-29
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 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 2010-11-02.

The Commission's schedule remark for this field reads: PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.

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 Gas111995-07-17131118
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
CondensateDisposition694 bbl$11,785
GasProduction1,607,236 Mcf$356,248
Total$368,033

1,502,298 Mcf of this lease's gas, across 26 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 27.2599, -99.3552. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.25989, -99.35516 · 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
10,123 ft
1 wells filed one
Completion to plug
22.5 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 10,123 ft.

Completions filed
Nov 1994
1 of 1 wells
Plug dates filed
May 2017
1 of 1 wells

Last completion to plug: a median of 22.5 years across the 1 well that filed both dates, with the middle half between 22.5 years and 22.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-50533237310,123 ftNov 1994May 2017Yes

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 (271)

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

271 months

May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
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 20130091.233.42$0
Jan 20130091.603.42$0
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 20110096.873.24$0
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 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200803123.1711.57$35
Apr 200804110.3110.45$42
Mar 2008016101.909.66$155
Feb 20080492.538.77$35
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070682.856.92$42
Sep 2007020875.846.24$1,299
Aug 2007025169.066.39$1,603
Jul 2007020370.906.39$1,297
Jun 2007024962.007.55$1,880
May 2007025258.747.85$1,977
Apr 2007023359.617.81$1,819
Mar 2007025856.927.30$1,884
Feb 2007023355.108.22$1,914
Jan 2007030150.306.73$2,025
Dec 2006013156.656.92$906
Nov 2006023454.207.62$1,782
Oct 2006024454.906.01$1,467
Sep 2006024260.085.04$1,219
Aug 2006025268.717.34$1,850
Jul 2006024769.376.34$1,567
Jun 2006023666.286.38$1,507
May 2006025466.016.42$1,632
Apr 2006016764.397.36$1,229
Mar 2006019156.707.08$1,353
Feb 2006017357.597.75$1,341
Jan 2006018760.598.93$1,671
Dec 2005020154.9413.42$2,697
Nov 2005018954.6910.59$2,001
Oct 2005011258.3413.80$1,545
Sep 2005012661.4512.08$1,522
Aug 2005015761.519.80$1,538
Jul 2005018055.697.84$1,412
Jun 2005019652.337.38$1,447
May 2005032645.226.65$2,168
Apr 200506949.207.36$508
Mar 2005013650.377.15$973
Feb 2005017345.226.31$1,092
Jan 2005021143.166.32$1,334
Dec 2004020539.866.75$1,384
Nov 2004023845.286.33$1,507
Oct 200403749.706.52$241
Sep 2004017443.245.28$919
Aug 2004017642.375.55$977
Jul 2004018838.286.08$1,144
Jun 2004019636.106.43$1,261
May 2004020237.486.49$1,312
Apr 2004022834.475.86$1,336
Mar 2004024334.365.53$1,344
Feb 2004019132.455.51$1,052
Jan 2004021632.036.30$1,361
Dec 2003026630.266.30$1,676
Nov 2003032828.804.60$1,507
Oct 2003037828.174.76$1,799
Sep 2003036926.314.75$1,753
Aug 2003035329.765.13$1,811
Jul 2003032929.415.17$1,701
Jun 2003034828.565.98$2,082
May 2003038426.595.97$2,294
Apr 2003041326.675.41$2,233
Mar 2003048331.146.10$2,944
Feb 2003051333.487.93$4,066
Jan 2003042330.315.58$2,361
Dec 2002056726.914.85$2,752
Nov 2002053624.664.14$2,217
Oct 2002060126.464.23$2,542
Sep 2002042727.443.64$1,552
Aug 2002055225.963.16$1,747
Jul 2002055524.583.06$1,699
Jun 2002057823.733.34$1,930
May 2002063324.663.58$2,269
Apr 2002060923.653.51$2,139
Mar 2002048422.003.10$1,502
Feb 2002050918.222.38$1,209
Jan 2002062717.172.38$1,490
Dec 2001067616.932.36$1,598
Nov 2001057118.072.41$1,374
Oct 2001067719.782.53$1,712
Sep 2001065924.262.25$1,484
Aug 2001068324.873.05$2,085
Jul 2001067823.933.20$2,168
Jun 2001067824.563.82$2,593
May 2001071725.524.31$3,088
Apr 2001071124.685.34$3,793
Mar 2001074624.545.38$4,011
Feb 2001067827.755.77$3,910
Jan 2001076527.478.40$6,425
Dec 2000076126.889.12$6,942
Nov 2000079832.215.66$4,515
Oct 2000068831.235.15$3,540
Sep 2000084231.875.19$4,367
Aug 2000057729.644.54$2,620
Jul 2000081328.534.09$3,325
Jun 2000079629.304.40$3,500
May 2000084027.263.68$3,091
Apr 2000481824.513.12$2,647
Mar 2000381728.422.86$2,422
Feb 2000058127.622.73$1,584
Jan 2000086625.272.48$2,148
Dec 1999287324.282.42$2,164
Nov 1999088723.192.43$2,159
Oct 1999097120.982.80$2,722
Sep 1999183021.752.62$2,195
Aug 1999066019.262.88$1,898
Jul 1999096517.892.37$2,289
Jun 1999036515.942.36$862
May 1999013015.792.32$302
Apr 1999079215.102.21$1,749
Mar 1999086012.471.84$1,581
Feb 199908149.981.82$1,480
Jan 1999093910.381.90$1,784
Dec 199809889.201.77$1,752
Nov 199801,17210.892.19$2,562
Oct 199801,36512.421.97$2,688
Sep 199821,54512.592.08$3,243
Aug 199801,01911.301.91$1,944
Jul 1998088311.742.24$1,976
Jun 199801,00311.242.24$2,244
May 199801,13112.622.21$2,495
Apr 199801,15713.042.51$2,899
Mar 199801,36012.802.31$3,141
Feb 199801,12013.952.30$2,575
Jan 199801,50714.702.15$3,247
Dec 199701,48816.322.41$3,588
Nov 199701,67918.193.09$5,185
Oct 199701,62519.253.15$5,118
Sep 199702,25517.742.95$6,663
Aug 199702,18917.862.55$5,592
Jul 199702,75217.582.25$6,184
Jun 1997892,03817.242.26$6,135
May 1997864,11518.972.31$11,131
Apr 199713,05617.882.08$6,383
Mar 199704,54618.951.94$8,815
Feb 199707,94720.492.21$17,530
Jan 1997010,06223.483.54$35,616
Dec 1996110,49823.32$23
Nov 1996111,87021.97$22
Oct 1996114,93323.31$23
Sep 1996118,72622.22$22
Aug 1996017,40320.26$0
Jul 1996019,16219.55$0
Jun 1996023,34118.73$0
May 1996329,29419.43$58
Apr 1996134,18321.51$22
Mar 1996040,32519.38$0
Feb 1996546,42116.98$85
Jan 1996146,53517.07$17
Dec 1995148,13017.19$17
Nov 1995238,21616.00$32
Oct 1995253,95315.43$31
Sep 1995062,86516.18$0
Aug 1995381,58315.92$48
Jul 19951104,73915.24$15
Jun 19953112,05516.41$49
May 1995155101,51717.56$2,722
Apr 19953110,52917.73$53
Mar 19953111,13616.44$49
Feb 199515498,20916.58$2,553
Jan 19950108,03815.92$0
Dec 1994165106,63815.03$2,480
Nov 1994051,99915.90$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.

May 2008 — as filed, then multipliedworked
Condensate             0 bbl  × $123.17 =         $0
Gas                    3 Mcf  × $ 11.57 =        $35

────────────────────────────────────────────────────
Month total                                      $35

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/154612 is the state's own key, not one this site invented.