MARTINEZ "B"

Name: MARTINEZ "B" lease production and value, Feb 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by NOBLE ENERGY INC (P-5 611665) in the RINCON, NORTH (VICKSBURG 7250) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 157846District 04Field 767236242 tax incentive programmesCondensateGasSave Export

Value, all time

$2.4 M

Feb 1996 – Oct 2005

Value, last 12 filed months

$34 k

at the published price for each month

Months reported

117

no gaps in the span

Streams

condensate, gas

The RINCON, NORTH (VICKSBURG 7250) 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 7 leases and 7 wells, and the rule below applies to all of them.

Discovered

1960-01-22

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 Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 07/01/97.”

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
High Cost Gas	1	1	1996-09-03	135076
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	15,169 bbl	$297,068
Gas	Production	958,747 Mcf	$2,126,768
Total			$2,423,836

201,623 Mcf of this lease's gas, across 11 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 26.6050, -98.5550. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.60504, -98.55505 · 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

0.0%

0 of 1 wells

Median depth

7,600 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

1100.0%

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.

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 7,600 ft.

Completions filed

Apr 2005

1 of 1 wells

1 well


42-42732818	42	7,600 ft	Apr 2005	—	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 (117)

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

117 months


Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	1	0	52.33	7.38	$52
May 2005	9	0	45.22	6.65	$407
Apr 2005	67	906	49.20	7.36	$9,965
Mar 2005	13	436	50.37	7.15	$3,774
Feb 2005	14	485	45.22	6.31	$3,694
Jan 2005	14	536	43.16	6.32	$3,993
Dec 2004	14	824	39.86	6.75	$6,121
Nov 2004	12	916	45.28	6.33	$6,342
Oct 2004	11	851	49.70	6.52	$6,091
Sep 2004	8	1,770	43.24	5.28	$9,698
Aug 2004	7	2,265	42.37	5.55	$12,869
Jul 2004	3	568	38.28	6.08	$3,571
Jun 2004	1	279	36.10	6.43	$1,831
May 2004	5	802	37.48	6.49	$5,396
Apr 2004	6	828	34.47	5.86	$5,058
Mar 2004	2	824	34.36	5.53	$4,626
Feb 2004	3	1,251	32.45	5.51	$6,990
Jan 2004	6	1,317	32.03	6.30	$8,489
Dec 2003	7	1,429	30.26	6.30	$9,217
Nov 2003	4	1,858	28.80	4.60	$8,653
Oct 2003	2	1,291	28.17	4.76	$6,201
Sep 2003	2	1,089	26.31	4.75	$5,225
Aug 2003	3	867	29.76	5.13	$4,537
Jul 2003	5	1,270	29.41	5.17	$6,714
Jun 2003	5	1,374	28.56	5.98	$8,363
May 2003	9	1,750	26.59	5.97	$10,692
Apr 2003	9	1,785	26.67	5.41	$9,892
Mar 2003	9	1,954	31.14	6.10	$12,192
Feb 2003	8	1,834	33.48	7.93	$14,804
Jan 2003	13	2,304	30.31	5.58	$13,255
Dec 2002	9	2,598	26.91	4.85	$12,852
Nov 2002	11	2,356	24.66	4.14	$10,018
Oct 2002	24	2,575	26.46	4.23	$11,525
Sep 2002	18	2,603	27.44	3.64	$9,956
Aug 2002	41	2,472	25.96	3.16	$8,886
Jul 2002	38	2,930	24.58	3.06	$9,905
Jun 2002	39	2,718	23.73	3.34	$9,999
May 2002	46	2,783	24.66	3.58	$11,109
Apr 2002	39	2,210	23.65	3.51	$8,685
Mar 2002	20	2,599	22.00	3.10	$8,504
Feb 2002	6	2,380	18.22	2.38	$5,763
Jan 2002	0	2,591	17.17	2.38	$6,155
Dec 2001	3	3,794	16.93	2.36	$9,021
Nov 2001	4	2,277	18.07	2.41	$5,550
Oct 2001	12	3,199	19.78	2.53	$8,327
Sep 2001	4	2,643	24.26	2.25	$6,047
Aug 2001	6	3,995	24.87	3.05	$12,347
Jul 2001	14	3,951	23.93	3.20	$12,967
Jun 2001	51	4,686	24.56	3.82	$19,173
May 2001	48	4,595	25.52	4.31	$21,017
Apr 2001	47	4,100	24.68	5.34	$23,035
Mar 2001	66	5,245	24.54	5.38	$29,819
Feb 2001	34	4,832	27.75	5.77	$28,810
Jan 2001	3	0	27.47	8.40	$82
Dec 2000	11	1,730	26.88	9.12	$16,078
Nov 2000	17	4,990	32.21	5.66	$28,781
Oct 2000	13	5,127	31.23	5.15	$26,787
Sep 2000	18	5,707	31.87	5.19	$30,173
Aug 2000	130	5,334	29.64	4.54	$28,074
Jul 2000	176	5,589	28.53	4.09	$27,879
Jun 2000	185	5,716	29.30	4.40	$30,555
May 2000	127	5,995	27.26	3.68	$25,522
Apr 2000	268	5,872	24.51	3.12	$24,866
Mar 2000	154	7,242	28.42	2.86	$25,087
Feb 2000	131	6,790	27.62	2.73	$22,131
Jan 2000	188	8,874	25.27	2.48	$26,763
Dec 1999	125	12,206	24.28	2.42	$32,619
Nov 1999	181	9,466	23.19	2.43	$27,238
Oct 1999	182	9,880	20.98	2.80	$31,519
Sep 1999	186	9,062	21.75	2.62	$27,778
Aug 1999	124	9,438	19.26	2.88	$29,528
Jul 1999	122	9,655	17.89	2.37	$25,088
Jun 1999	116	10,178	15.94	2.36	$25,890
May 1999	165	9,451	15.79	2.32	$24,541
Apr 1999	204	7,131	15.10	2.21	$18,826
Mar 1999	145	7,902	12.47	1.84	$16,335
Feb 1999	165	8,860	9.98	1.82	$17,752
Jan 1999	162	9,150	10.38	1.90	$19,066
Dec 1998	207	10,443	9.20	1.77	$20,423
Nov 1998	212	10,683	10.89	2.19	$25,659
Oct 1998	386	11,073	12.42	1.97	$26,599
Sep 1998	243	11,663	12.59	2.08	$27,349
Aug 1998	215	11,905	11.30	1.91	$25,137
Jul 1998	151	12,843	11.74	2.24	$30,506
Jun 1998	171	13,477	11.24	2.24	$32,074
May 1998	154	14,846	12.62	2.21	$34,699
Apr 1998	226	15,350	13.04	2.51	$41,404
Mar 1998	250	17,164	12.80	2.31	$42,839
Feb 1998	251	14,915	13.95	2.30	$37,793
Jan 1998	372	18,423	14.70	2.15	$45,166
Dec 1997	357	19,676	16.32	2.41	$53,267
Nov 1997	357	21,409	18.19	3.09	$72,610
Oct 1997	393	24,779	19.25	3.15	$85,615
Sep 1997	129	24,127	17.74	2.95	$73,581
Aug 1997	187	25,309	17.86	2.55	$67,998
Jul 1997	161	26,474	17.58	2.25	$62,316
Jun 1997	171	28,836	17.24	2.26	$68,037
May 1997	151	21,735	18.97	2.31	$53,040
Apr 1997	226	30,070	17.88	2.08	$66,670
Mar 1997	430	33,360	18.95	1.94	$72,838
Feb 1997	471	31,961	20.49	2.21	$80,154
Jan 1997	309	17,463	23.48	3.54	$69,069
Dec 1996	475	16,908	23.32	—	$11,077
Nov 1996	520	16,711	21.97	—	$11,424
Oct 1996	493	18,455	23.31	—	$11,492
Sep 1996	499	18,880	22.22	—	$11,088
Aug 1996	510	20,038	20.26	—	$10,333
Jul 1996	496	20,464	19.55	—	$9,697
Jun 1996	551	20,317	18.73	—	$10,320
May 1996	562	21,812	19.43	—	$10,920
Apr 1996	611	21,160	21.51	—	$13,143
Mar 1996	122	21,549	19.38	—	$2,364
Feb 1996	0	5,329	16.98	—	$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.

Jun 2005 — as filed, then multipliedworked

Condensate             1 bbl  × $ 52.33 =        $52
Gas                    0 Mcf  × $  7.38 =         $0

────────────────────────────────────────────────────
Month total                                      $52

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/157846 is the state's own key, not one this site invented.