V. L. PUIG GAS UNIT 2

Operated by RIDDLE ENGINEERING CORP. (P-5 710900) in the DAVIS (HINNANT 1ST, NORTH) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 181032District 04Field 23379124CondensateGasSave
Value, all time
$140 k
Nov 2000 – Mar 2004
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
41
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition621 bbl$15,502
GasProduction29,295 Mcf$124,087
Total$139,589

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 27.3431, -98.9750. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34312, -98.97499 · 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
10,112 ft
1 wells filed one
Completion to plug
23 months
median over 1 wells

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 10,112 ft.

Completions filed
Nov 2000
1 of 1 wells
Plug dates filed
Oct 2002
1 of 1 wells

Last completion to plug: a median of 23 months across the 1 well that filed both dates, with the middle half between 23 months and 23 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-47935912710,112 ftNov 2000Oct 2002Yes

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 (41)

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

41 months

Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 200353030.266.30$1,604
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 2002068426.464.23$2,893
Sep 2002075127.443.64$2,730
Aug 200212389025.963.16$6,009
Jul 2002096024.583.06$2,939
Jun 2002089223.733.34$2,978
May 2002079024.663.58$2,831
Apr 2002671,06023.653.51$5,308
Mar 2002098122.003.10$3,044
Feb 2002092518.222.38$2,198
Jan 200201,16717.172.38$2,772
Dec 20019299116.932.36$3,901
Nov 200101,53018.072.41$3,680
Oct 200101,58419.782.53$4,006
Sep 200101,67824.262.25$3,778
Aug 2001037924.873.05$1,157
Jul 200101,72623.933.20$5,518
Jun 200101,14624.563.82$4,382
May 200101,37925.524.31$5,940
Apr 2001991,55024.685.34$10,713
Mar 200101,48124.545.38$7,963
Feb 20011071,73127.755.77$12,952
Jan 200101,44327.478.40$12,119
Dec 2000801,67026.889.12$17,385
Nov 200001,90732.215.66$10,790

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.

Dec 2003 — as filed, then multipliedworked
Condensate            53 bbl  × $ 30.26 =     $1,604
Gas                    0 Mcf  × $  6.30 =         $0

────────────────────────────────────────────────────
Month total                                   $1,604

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/181032 is the state's own key, not one this site invented.