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 6700) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 159144District 04Field 767235632 tax incentive programmesCondensateGasSave Export

Value, all time

$3.4 M

Feb 1996 – Jan 2004

Value, last 12 filed months

$202 k

at the published price for each month

Months reported

3 months not filed

Streams

condensate, gas

The RINCON, NORTH (VICKSBURG 6700) 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 9 leases and 9 wells, and the rule below applies to all of them.

Discovered

1977-12-15

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 1978-03-13.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA EFFECTIVE 03/01/90.”

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	2000-01-24	141165
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	16,592 bbl	$286,925
Gas	Production	1,177,291 Mcf	$3,111,734
Total			$3,398,659

60,848 Mcf of this lease's gas, across 7 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 26.5991, -98.5551. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.59906, -98.55514 · 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

7,423 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 7,423 ft.

Completions filed

Dec 2019

1 of 1 wells

1 well


42-42732856	44	7,423 ft	Dec 2019	—	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 (93)

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

93 months


Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	443	2,196	28.80	4.60	$22,849
Oct 2003	8	2,854	28.17	4.76	$13,809
Sep 2003	12	3,393	26.31	4.75	$16,430
Aug 2003	7	3,861	29.76	5.13	$20,014
Jul 2003	12	3,555	29.41	5.17	$18,735
Jun 2003	11	3,325	28.56	5.98	$20,208
May 2003	9	3,449	26.59	5.97	$20,839
Apr 2003	9	3,452	26.67	5.41	$18,906
Mar 2003	11	3,603	31.14	6.10	$22,307
Feb 2003	8	3,477	33.48	7.93	$27,826
Jan 2003	12	3,716	30.31	5.58	$21,107
Dec 2002	23	4,354	26.91	4.85	$21,752
Nov 2002	36	4,046	24.66	4.14	$17,626
Oct 2002	47	4,166	26.46	4.23	$18,862
Sep 2002	16	4,266	27.44	3.64	$15,947
Aug 2002	16	2,692	25.96	3.16	$8,933
Jul 2002	15	4,199	24.58	3.06	$13,225
Jun 2002	12	3,860	23.73	3.34	$13,170
May 2002	13	4,716	24.66	3.58	$17,223
Apr 2002	21	4,864	23.65	3.51	$17,581
Mar 2002	20	4,564	22.00	3.10	$14,601
Feb 2002	19	4,294	18.22	2.38	$10,547
Jan 2002	11	4,499	17.17	2.38	$10,877
Dec 2001	31	4,377	16.93	2.36	$10,874
Nov 2001	21	5,492	18.07	2.41	$13,591
Oct 2001	50	4,749	19.78	2.53	$12,999
Sep 2001	40	4,802	24.26	2.25	$11,781
Aug 2001	70	4,964	24.87	3.05	$16,897
Jul 2001	37	5,274	23.93	3.20	$17,747
Jun 2001	54	5,585	24.56	3.82	$22,684
May 2001	41	5,536	25.52	4.31	$24,892
Apr 2001	40	5,689	24.68	5.34	$31,340
Mar 2001	49	5,688	24.54	5.38	$31,784
Feb 2001	34	5,521	27.75	5.77	$32,784
Jan 2001	31	6,082	27.47	8.40	$51,933
Dec 2000	5	6,325	26.88	9.12	$57,834
Nov 2000	5	6,056	32.21	5.66	$34,426
Oct 2000	6	6,977	31.23	5.15	$36,088
Sep 2000	7	7,463	31.87	5.19	$38,930
Aug 2000	49	7,918	29.64	4.54	$37,406
Jul 2000	98	9,018	28.53	4.09	$39,677
Jun 2000	102	8,584	29.30	4.40	$40,735
May 2000	72	8,437	27.26	3.68	$33,009
Apr 2000	151	9,235	24.51	3.12	$32,477
Mar 2000	89	10,381	28.42	2.86	$32,216
Feb 2000	74	10,166	27.62	2.73	$29,761
Jan 2000	106	9,999	25.27	2.48	$27,481
Dec 1999	70	9,965	24.28	2.42	$25,852
Nov 1999	103	10,926	23.19	2.43	$28,982
Oct 1999	102	11,892	20.98	2.80	$35,482
Sep 1999	106	12,491	21.75	2.62	$35,018
Aug 1999	71	13,793	19.26	2.88	$41,031
Jul 1999	70	14,088	17.89	2.37	$34,674
Jun 1999	68	13,691	15.94	2.36	$33,423
May 1999	101	15,705	15.79	2.32	$38,046
Apr 1999	143	15,879	15.10	2.21	$37,221
Mar 1999	130	17,233	12.47	1.84	$33,301
Feb 1999	308	15,930	9.98	1.82	$32,031
Jan 1999	315	18,064	10.38	1.90	$37,590
Dec 1998	396	19,040	9.20	1.77	$37,407
Nov 1998	392	17,970	10.89	2.19	$43,546
Oct 1998	755	19,489	12.42	1.97	$47,755
Sep 1998	472	20,147	12.59	2.08	$47,901
Aug 1998	426	23,772	11.30	1.91	$50,155
Jul 1998	297	25,272	11.74	2.24	$60,027
Jun 1998	331	23,171	11.24	2.24	$55,560
May 1998	304	27,393	12.62	2.21	$64,275
Apr 1998	444	29,205	13.04	2.51	$78,958
Mar 1998	478	32,496	12.80	2.31	$81,166
Feb 1998	493	30,777	13.95	2.30	$77,638
Jan 1998	724	36,027	14.70	2.15	$88,273
Dec 1997	705	41,005	16.32	2.41	$110,373
Nov 1997	686	42,796	18.19	3.09	$144,644
Oct 1997	797	23,945	19.25	3.15	$90,765
Sep 1997	294	26,095	17.74	2.95	$82,323
Aug 1997	427	28,059	17.86	2.55	$79,310
Jul 1997	375	26,517	17.58	2.25	$66,175
Jun 1997	476	28,800	17.24	2.26	$73,214
May 1997	585	33,397	18.97	2.31	$88,194
Apr 1997	729	35,730	17.88	2.08	$87,452
Mar 1997	835	37,015	18.95	1.94	$87,601
Feb 1997	574	37,147	20.49	2.21	$93,704
Jan 1997	209	29,802	23.48	3.54	$110,397
Dec 1996	54	8,710	23.32	—	$1,259
Nov 1996	163	8,561	21.97	—	$3,581
Oct 1996	213	9,721	23.31	—	$4,965
Sep 1996	154	9,368	22.22	—	$3,422
Aug 1996	82	9,997	20.26	—	$1,661
Jul 1996	63	8,939	19.55	—	$1,232
Jun 1996	19	5,552	18.73	—	$356
Feb 1996	0	0	16.98	—	$0

Not filed, and not zero: Mar 1996 – May 1996 (3 months). The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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.

Nov 2003 — as filed, then multipliedworked

Condensate           443 bbl  × $ 28.80 =    $12,758
Gas                2,196 Mcf  × $  4.60 =    $10,091

────────────────────────────────────────────────────
Month total                                  $22,849

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/159144 is the state's own key, not one this site invented.