MARTINEZ, E.L. GAS UNIT

Name: MARTINEZ, E.L. GAS UNIT lease production and value, Apr 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 GUADALUPE (CAVAZOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 159872District 04Field 372503002 tax incentive programmesCondensateGasSave Export

Value, all time

$3.3 M

Apr 1996 – Jan 2003

Value, last 12 filed months

$312 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The GUADALUPE (CAVAZOS) 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

1978-11-28

as the register files it

Field class

Oil and 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 80 acres. The field rule took effect on 1996-06-07.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED ADMINISTRATIVELY EFFECTIVE 11/1/94.”

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	1996-10-16	135150
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	72,737 bbl	$1,456,172
Gas	Production	854,727 Mcf	$1,827,869
Total			$3,284,041

239,575 Mcf of this lease's gas, across 9 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 26.6321, -98.3352. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.63206, -98.33520 · 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

11,508 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 11,508 ft.

Completions filed

Feb 2007

1 of 1 wells

1 well


42-21532285	5	11,508 ft	Feb 2007	—	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 (82)

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

82 months


Jan 2003	336	0	30.31	5.58	$10,184
Dec 2002	279	5,489	26.91	4.85	$34,150
Nov 2002	431	4,777	24.66	4.14	$30,391
Oct 2002	328	5,056	26.46	4.23	$30,061
Sep 2002	412	5,828	27.44	3.64	$32,491
Aug 2002	464	5,311	25.96	3.16	$28,850
Jul 2002	195	4,914	24.58	3.06	$19,839
Jun 2002	518	6,790	23.73	3.34	$34,959
May 2002	335	6,658	24.66	3.58	$32,123
Apr 2002	233	1,512	23.65	3.51	$10,821
Mar 2002	435	6,656	22.00	3.10	$30,222
Feb 2002	381	4,821	18.22	2.38	$18,395
Jan 2002	397	5,845	17.17	2.38	$20,702
Dec 2001	315	5,715	16.93	2.36	$18,846
Nov 2001	213	3,302	18.07	2.41	$11,792
Oct 2001	615	6,602	19.78	2.53	$28,860
Sep 2001	292	4,534	24.26	2.25	$17,291
Aug 2001	360	4,516	24.87	3.05	$22,741
Jul 2001	285	6,177	23.93	3.20	$26,568
Jun 2001	459	6,544	24.56	3.82	$36,298
May 2001	477	6,023	25.52	4.31	$38,116
Apr 2001	422	6,324	24.68	5.34	$44,156
Mar 2001	571	6,044	24.54	5.38	$46,508
Feb 2001	413	5,845	27.75	5.77	$45,169
Jan 2001	461	6,922	27.47	8.40	$70,800
Dec 2000	544	6,844	26.88	9.12	$77,057
Nov 2000	470	6,608	32.21	5.66	$52,527
Oct 2000	493	7,451	31.23	5.15	$53,736
Sep 2000	482	7,920	31.87	5.19	$56,438
Aug 2000	505	7,594	29.64	4.54	$49,451
Jul 2000	580	8,487	28.53	4.09	$51,257
Jun 2000	632	7,238	29.30	4.40	$50,345
May 2000	548	7,514	27.26	3.68	$42,588
Apr 2000	529	7,081	24.51	3.12	$35,030
Mar 2000	552	7,255	28.42	2.86	$36,435
Feb 2000	490	6,717	27.62	2.73	$31,848
Jan 2000	986	7,848	25.27	2.48	$44,383
Dec 1999	1,000	7,721	24.28	2.42	$42,994
Nov 1999	400	7,581	23.19	2.43	$27,728
Oct 1999	615	8,036	20.98	2.80	$35,433
Sep 1999	603	9,262	21.75	2.62	$37,371
Aug 1999	588	7,708	19.26	2.88	$33,490
Jul 1999	591	8,474	17.89	2.37	$30,676
Jun 1999	787	8,113	15.94	2.36	$31,709
May 1999	588	8,284	15.79	2.32	$28,512
Apr 1999	734	7,724	15.10	2.21	$28,138
Mar 1999	695	8,861	12.47	1.84	$24,956
Feb 1999	699	7,842	9.98	1.82	$21,231
Jan 1999	645	8,536	10.38	1.90	$22,913
Dec 1998	755	9,589	9.20	1.77	$23,950
Nov 1998	647	9,186	10.89	2.19	$27,124
Oct 1998	813	10,610	12.42	1.97	$30,991
Sep 1998	513	10,515	12.59	2.08	$28,357
Aug 1998	830	11,193	11.30	1.91	$30,728
Jul 1998	691	11,736	11.74	2.24	$34,369
Jun 1998	844	12,041	11.24	2.24	$36,426
May 1998	1,013	12,002	12.62	2.21	$39,265
Apr 1998	717	10,706	13.04	2.51	$36,172
Mar 1998	914	11,904	12.80	2.31	$39,191
Feb 1998	920	11,371	13.95	2.30	$38,977
Jan 1998	880	12,249	14.70	2.15	$39,330
Dec 1997	891	12,464	16.32	2.41	$44,593
Nov 1997	1,015	12,449	18.19	3.09	$56,909
Oct 1997	1,003	14,013	19.25	3.15	$63,446
Sep 1997	811	14,067	17.74	2.95	$55,953
Aug 1997	1,065	11,509	17.86	2.55	$48,423
Jul 1997	1,103	12,748	17.58	2.25	$48,035
Jun 1997	961	13,317	17.24	2.26	$46,627
May 1997	1,279	12,371	18.97	2.31	$52,821
Apr 1997	1,392	14,965	17.88	2.08	$56,058
Mar 1997	1,368	17,208	18.95	1.94	$59,292
Feb 1997	1,275	15,781	20.49	2.21	$60,936
Jan 1997	1,710	12,254	23.48	3.54	$83,526
Dec 1996	1,764	16,030	23.32	—	$41,136
Nov 1996	1,602	18,474	21.97	—	$35,196
Oct 1996	2,146	21,500	23.31	—	$50,023
Sep 1996	2,305	22,940	22.22	—	$51,217
Aug 1996	2,817	28,651	20.26	—	$57,072
Jul 1996	4,200	45,579	19.55	—	$82,110
Jun 1996	4,448	47,434	18.73	—	$83,311
May 1996	2,834	25,351	19.43	—	$55,065
Apr 1996	2,828	13,616	21.51	—	$60,830

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.

Jan 2003 — as filed, then multipliedworked

Condensate           336 bbl  × $ 30.31 =    $10,184
Gas                    0 Mcf  × $  5.58 =         $0

────────────────────────────────────────────────────
Month total                                  $10,184

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/159872 is the state's own key, not one this site invented.