MARTINEZ -B-

Name: MARTINEZ -B- lease production and value, Mar 1998 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, N. (VICKSBURG CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 167150District 04Field 767234502 tax incentive programmesCondensateGasSave Export

Value, all time

$3.5 M

Mar 1998 – Jul 2007

Value, last 12 filed months

$28 k

at the published price for each month

Months reported

113

no gaps in the span

Streams

condensate, gas

The RINCON, N. (VICKSBURG CONS.) 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 101 leases and 101 wells, and the rule below applies to all of them.

Discovered

1999-05-25

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 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 2005-01-01.

The Commission's schedule remark for this field reads: “PRORATION AND SAID ALLOWABLES SHALL BE SET AT CAPACITY.”

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	141166
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	7,534 bbl	$193,818
Gas	Production	924,617 Mcf	$3,288,440
Total			$3,482,258

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 26.5953, -98.5465. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.59530, -98.54653 · 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

7,400 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 7,400 ft.

Completions filed

Jul 2007

1 of 1 wells

1 well


42-42733077	R 43	7,400 ft	Jul 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 (113)

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

113 months


Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	1	37	50.30	6.73	$299
Dec 2006	10	563	56.65	6.92	$4,462
Nov 2006	10	543	54.20	7.62	$4,678
Oct 2006	52	678	54.90	6.01	$6,932
Sep 2006	16	781	60.08	5.04	$4,895
Aug 2006	25	709	68.71	7.34	$6,922
Jul 2006	15	847	69.37	6.34	$6,413
Jun 2006	30	808	66.28	6.38	$7,147
May 2006	35	729	66.01	6.42	$6,994
Apr 2006	53	879	64.39	7.36	$9,883
Mar 2006	74	1,618	56.70	7.08	$15,656
Feb 2006	2	253	57.59	7.75	$2,076
Jan 2006	8	726	60.59	8.93	$6,970
Dec 2005	9	893	54.94	13.42	$12,474
Nov 2005	23	842	54.69	10.59	$10,173
Oct 2005	35	1,026	58.34	13.80	$16,196
Sep 2005	20	1,121	61.45	12.08	$14,770
Aug 2005	13	1,261	61.51	9.80	$13,153
Jul 2005	34	1,585	55.69	7.84	$14,326
Jun 2005	37	1,865	52.33	7.38	$15,702
May 2005	5	346	45.22	6.65	$2,527
Apr 2005	10	114	49.20	7.36	$1,331
Mar 2005	34	1,883	50.37	7.15	$15,185
Feb 2005	52	2,647	45.22	6.31	$19,059
Jan 2005	51	5,139	43.16	6.32	$34,691
Dec 2004	81	5,998	39.86	6.75	$43,722
Nov 2004	72	5,942	45.28	6.33	$40,876
Oct 2004	51	5,265	49.70	6.52	$36,837
Sep 2004	29	5,460	43.24	5.28	$30,104
Aug 2004	39	5,529	42.37	5.55	$32,342
Jul 2004	37	5,327	38.28	6.08	$33,827
Jun 2004	42	5,338	36.10	6.43	$35,856
May 2004	54	6,334	37.48	6.49	$43,161
Apr 2004	35	5,373	34.47	5.86	$32,684
Mar 2004	29	5,326	34.36	5.53	$30,450
Feb 2004	32	5,532	32.45	5.51	$31,518
Jan 2004	33	6,070	32.03	6.30	$39,296
Dec 2003	70	6,012	30.26	6.30	$40,004
Nov 2003	68	4,477	28.80	4.60	$22,531
Oct 2003	51	5,141	28.17	4.76	$25,906
Sep 2003	73	5,411	26.31	4.75	$27,619
Aug 2003	39	5,999	29.76	5.13	$31,934
Jul 2003	48	6,212	29.41	5.17	$33,533
Jun 2003	48	5,612	28.56	5.98	$34,947
May 2003	38	4,657	26.59	5.97	$28,825
Apr 2003	68	5,243	26.67	5.41	$30,164
Mar 2003	90	6,219	31.14	6.10	$40,714
Feb 2003	65	5,559	33.48	7.93	$46,236
Jan 2003	86	6,382	30.31	5.58	$38,231
Dec 2002	78	6,850	26.91	4.85	$35,347
Nov 2002	104	6,206	24.66	4.14	$28,239
Oct 2002	167	6,217	26.46	4.23	$30,711
Sep 2002	84	6,869	27.44	3.64	$27,275
Aug 2002	116	7,295	25.96	3.16	$26,094
Jul 2002	120	6,904	24.58	3.06	$24,088
Jun 2002	110	7,054	23.73	3.34	$26,158
May 2002	138	8,178	24.66	3.58	$32,713
Apr 2002	141	7,789	23.65	3.51	$30,692
Mar 2002	125	8,098	22.00	3.10	$27,876
Feb 2002	205	7,116	18.22	2.38	$20,640
Jan 2002	105	8,691	17.17	2.38	$22,450
Dec 2001	205	8,703	16.93	2.36	$24,048
Nov 2001	100	10,505	18.07	2.41	$27,077
Oct 2001	142	9,034	19.78	2.53	$25,655
Sep 2001	75	9,278	24.26	2.25	$22,707
Aug 2001	126	8,622	24.87	3.05	$29,458
Jul 2001	72	8,933	23.93	3.20	$30,282
Jun 2001	109	9,102	24.56	3.82	$37,485
May 2001	84	8,960	25.52	4.31	$40,737
Apr 2001	86	9,502	24.68	5.34	$52,819
Mar 2001	139	9,299	24.54	5.38	$53,407
Feb 2001	105	9,061	27.75	5.77	$55,169
Jan 2001	135	10,127	27.47	8.40	$88,763
Dec 2000	185	9,890	26.88	9.12	$95,194
Nov 2000	142	9,767	32.21	5.66	$59,836
Oct 2000	95	10,500	31.23	5.15	$56,995
Sep 2000	55	10,781	31.87	5.19	$57,669
Aug 2000	46	11,944	29.64	4.54	$55,598
Jul 2000	35	12,893	28.53	4.09	$53,728
Jun 2000	37	12,593	29.30	4.40	$56,459
May 2000	25	11,933	27.26	3.68	$44,592
Apr 2000	55	8,807	24.51	3.12	$28,791
Mar 2000	34	9,539	28.42	2.86	$28,245
Feb 2000	26	9,018	27.62	2.73	$25,306
Jan 2000	38	10,355	25.27	2.48	$26,646
Dec 1999	25	10,132	24.28	2.42	$25,164
Nov 1999	35	10,664	23.19	2.43	$26,768
Oct 1999	35	10,691	20.98	2.80	$30,709
Sep 1999	33	11,511	21.75	2.62	$30,863
Aug 1999	25	12,696	19.26	2.88	$36,990
Jul 1999	32	12,931	17.89	2.37	$31,250
Jun 1999	32	13,289	15.94	2.36	$31,900
May 1999	53	15,034	15.79	2.32	$35,731
Apr 1999	85	15,864	15.10	2.21	$36,312
Mar 1999	76	17,261	12.47	1.84	$32,679
Feb 1999	101	15,600	9.98	1.82	$29,366
Jan 1999	102	18,461	10.38	1.90	$36,134
Dec 1998	131	21,704	9.20	1.77	$39,693
Nov 1998	134	22,386	10.89	2.19	$50,389
Oct 1998	147	22,965	12.42	1.97	$47,049
Sep 1998	131	23,170	12.59	2.08	$49,904
Aug 1998	258	26,623	11.30	1.91	$53,695
Jul 1998	254	23,145	11.74	2.24	$54,764
Jun 1998	124	24,580	11.24	2.24	$56,386
May 1998	7	28,995	12.62	2.21	$64,061
Apr 1998	26	35,358	13.04	2.51	$88,923
Mar 1998	112	42,833	12.80	2.31	$100,354

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 2007 — as filed, then multipliedworked

Condensate             1 bbl  × $ 50.30 =        $50
Gas                   37 Mcf  × $  6.73 =       $249

────────────────────────────────────────────────────
Month total                                     $299

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/167150 is the state's own key, not one this site invented.