PALAFOX EXPLORATION CO. -15-

Name: PALAFOX EXPLORATION CO. -15- lease production and value, Oct 2000 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FASKEN OIL AND RANCH, LTD. (P-5 263696) in the GOLD RIVER, NORTH (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 182657District 04Field 355665002 tax incentive programmesCondensateGasSave Export

Value, all time

$772 k

Oct 2000 – Aug 2016

Value, last 12 filed months

$13 k

at the published price for each month

Months reported

191

no gaps in the span

Streams

condensate, gas

The GOLD RIVER, NORTH (OLMOS) 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 830 leases and 840 wells, and the rule below applies to all of them.

Discovered

1978-10-01

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 2005-10-25.

The Commission's schedule remark for this field reads: “REMAIN SUSPENDED.”

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	2001-12-03	143779
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	86 bbl	$4,454
Gas	Production	150,413 Mcf	$767,289
Total			$771,743

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 28.0558, -99.7982. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.05583, -99.79824 · 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

100.0%

1 of 1 wells

Median depth

5,881 ft

1 wells filed one

Completion to plug

15.8 years

median over 1 well

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 5,881 ft.

Completions filed

Oct 2000

1 of 1 wells

Plug dates filed

Aug 2016

1 of 1 wells

Last completion to plug: a median of 15.8 years across the 1 well that filed both dates, with the middle half between 15.8 years and 15.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47931061	1	5,881 ft	Oct 2000	Aug 2016	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 (191)

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

191 months


Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	464	41.62	2.92	$1,357
Jun 2016	0	554	45.35	2.69	$1,488
May 2016	0	518	42.52	1.99	$1,031
Apr 2016	0	549	36.56	1.99	$1,093
Mar 2016	0	562	33.01	1.79	$1,008
Feb 2016	0	597	26.47	2.06	$1,232
Jan 2016	0	622	27.35	2.36	$1,471
Dec 2015	0	639	32.36	2.00	$1,279
Nov 2015	0	438	38.79	2.17	$949
Oct 2015	0	476	43.55	2.43	$1,155
Sep 2015	0	509	42.99	2.76	$1,404
Aug 2015	0	549	40.16	2.87	$1,577
Jul 2015	0	577	48.15	2.95	$1,699
Jun 2015	0	482	56.15	2.88	$1,390
May 2015	0	557	55.21	2.96	$1,646
Apr 2015	0	541	49.82	2.71	$1,464
Mar 2015	0	565	42.89	2.93	$1,658
Feb 2015	0	473	44.66	2.98	$1,408
Jan 2015	0	422	43.43	3.10	$1,308
Dec 2014	0	385	54.69	3.59	$1,383
Nov 2014	0	520	70.46	4.25	$2,211
Oct 2014	0	494	78.30	3.90	$1,927
Sep 2014	0	453	86.16	4.05	$1,833
Aug 2014	0	490	89.39	4.04	$1,977
Jul 2014	0	502	96.56	4.18	$2,098
Jun 2014	0	483	98.16	4.74	$2,288
May 2014	0	534	94.73	4.73	$2,524
Apr 2014	0	501	95.94	4.81	$2,409
Mar 2014	0	503	95.89	5.06	$2,544
Feb 2014	0	471	97.40	6.19	$2,916
Jan 2014	0	473	90.40	4.86	$2,299
Dec 2013	0	584	91.82	4.35	$2,543
Nov 2013	0	520	88.85	3.74	$1,944
Oct 2013	0	514	97.42	3.78	$1,943
Sep 2013	0	535	104.11	3.72	$1,989
Aug 2013	0	421	104.25	3.52	$1,483
Jul 2013	0	384	102.52	3.72	$1,428
Jun 2013	0	1,175	94.40	3.93	$4,622
May 2013	0	662	94.83	4.15	$2,747
Apr 2013	0	662	93.96	4.28	$2,835
Mar 2013	0	686	93.62	3.91	$2,684
Feb 2013	0	616	91.23	3.42	$2,107
Jan 2013	0	672	91.60	3.42	$2,298
Dec 2012	0	476	86.77	3.42	$1,628
Nov 2012	0	529	86.95	3.62	$1,918
Oct 2012	0	481	89.38	3.40	$1,635
Sep 2012	0	577	94.67	2.92	$1,684
Aug 2012	0	487	92.66	2.91	$1,416
Jul 2012	0	359	85.13	3.02	$1,084
Jun 2012	0	513	79.82	2.52	$1,292
May 2012	0	558	91.61	2.49	$1,388
Apr 2012	0	691	101.65	2.00	$1,380
Mar 2012	0	404	105.05	2.22	$898
Feb 2012	0	510	101.10	2.57	$1,311
Jan 2012	0	467	98.09	2.73	$1,277
Dec 2011	0	320	96.87	3.24	$1,037
Nov 2011	0	414	95.72	3.31	$1,371
Oct 2011	0	512	84.98	3.65	$1,868
Sep 2011	0	425	83.62	3.99	$1,694
Aug 2011	0	425	83.40	4.15	$1,763
Jul 2011	0	407	94.14	4.52	$1,839
Jun 2011	0	418	92.90	4.64	$1,939
May 2011	0	635	98.13	4.40	$2,797
Apr 2011	0	698	105.96	4.33	$3,025
Mar 2011	0	765	96.36	4.06	$3,104
Feb 2011	0	653	85.64	4.18	$2,730
Jan 2011	0	455	86.50	4.59	$2,088
Dec 2010	0	570	85.73	4.35	$2,478
Nov 2010	0	511	80.84	3.80	$1,939
Oct 2010	0	497	78.10	3.51	$1,744
Sep 2010	0	427	72.63	3.98	$1,699
Aug 2010	0	299	73.68	4.42	$1,321
Jul 2010	0	409	72.55	4.74	$1,937
Jun 2010	0	321	70.36	4.91	$1,576
May 2010	0	575	71.12	4.24	$2,435
Apr 2010	0	559	81.69	4.12	$2,305
Mar 2010	0	413	78.39	4.39	$1,813
Feb 2010	0	581	73.58	5.44	$3,162
Jan 2010	0	507	74.36	5.96	$3,024
Dec 2009	0	607	71.44	5.48	$3,329
Nov 2009	0	597	74.59	3.75	$2,240
Oct 2009	0	388	72.54	4.11	$1,595
Sep 2009	0	695	65.54	3.06	$2,130
Aug 2009	0	599	67.42	3.22	$1,928
Jul 2009	0	488	61.13	3.46	$1,691
Jun 2009	0	522	66.16	3.90	$2,033
May 2009	0	470	54.74	3.93	$1,845
Apr 2009	0	583	46.77	3.59	$2,092
Mar 2009	0	392	42.14	4.06	$1,591
Feb 2009	0	377	32.81	4.63	$1,747
Jan 2009	0	478	35.86	5.37	$2,567
Dec 2008	0	584	37.10	5.98	$3,491
Nov 2008	0	571	55.49	6.86	$3,917
Oct 2008	0	475	75.24	6.92	$3,288
Sep 2008	0	472	101.76	7.88	$3,718
Aug 2008	0	685	114.22	8.48	$5,811
Jul 2008	0	501	131.08	11.39	$5,706
Jun 2008	0	529	131.33	13.03	$6,894
May 2008	0	650	123.17	11.57	$7,523
Apr 2008	0	676	110.31	10.45	$7,067
Mar 2008	0	559	101.90	9.66	$5,402
Feb 2008	0	586	92.53	8.77	$5,140
Jan 2008	0	477	90.38	8.21	$3,914
Dec 2007	0	587	88.33	7.30	$4,286
Nov 2007	0	341	91.67	7.29	$2,486
Oct 2007	0	759	82.85	6.92	$5,254
Sep 2007	0	638	75.84	6.24	$3,984
Aug 2007	0	580	69.06	6.39	$3,705
Jul 2007	0	764	70.90	6.39	$4,880
Jun 2007	0	438	62.00	7.55	$3,306
May 2007	0	312	58.74	7.85	$2,448
Apr 2007	0	583	59.61	7.81	$4,550
Mar 2007	0	787	56.92	7.30	$5,747
Feb 2007	0	447	55.10	8.22	$3,673
Jan 2007	0	539	50.30	6.73	$3,626
Dec 2006	0	570	56.65	6.92	$3,944
Nov 2006	0	635	54.20	7.62	$4,837
Oct 2006	0	834	54.90	6.01	$5,016
Sep 2006	0	584	60.08	5.04	$2,942
Aug 2006	0	601	68.71	7.34	$4,411
Jul 2006	0	738	69.37	6.34	$4,681
Jun 2006	0	979	66.28	6.38	$6,250
May 2006	0	798	66.01	6.42	$5,127
Apr 2006	0	548	64.39	7.36	$4,034
Mar 2006	0	573	56.70	7.08	$4,059
Feb 2006	0	916	57.59	7.75	$7,100
Jan 2006	0	651	60.59	8.93	$5,816
Dec 2005	0	667	54.94	13.42	$8,948
Nov 2005	0	700	54.69	10.59	$7,412
Oct 2005	0	613	58.34	13.80	$8,457
Sep 2005	0	696	61.45	12.08	$8,407
Aug 2005	11	666	61.51	9.80	$7,201
Jul 2005	59	698	55.69	7.84	$8,761
Jun 2005	0	1,072	52.33	7.38	$7,912
May 2005	0	577	45.22	6.65	$3,838
Apr 2005	0	594	49.20	7.36	$4,372
Mar 2005	0	681	50.37	7.15	$4,872
Feb 2005	0	540	45.22	6.31	$3,408
Jan 2005	0	593	43.16	6.32	$3,749
Dec 2004	0	701	39.86	6.75	$4,733
Nov 2004	0	760	45.28	6.33	$4,811
Oct 2004	3	784	49.70	6.52	$5,257
Sep 2004	0	685	43.24	5.28	$3,619
Aug 2004	0	671	42.37	5.55	$3,724
Jul 2004	0	661	38.28	6.08	$4,022
Jun 2004	0	723	36.10	6.43	$4,651
May 2004	0	744	37.48	6.49	$4,832
Apr 2004	0	681	34.47	5.86	$3,990
Mar 2004	0	865	34.36	5.53	$4,784
Feb 2004	0	997	32.45	5.51	$5,493
Jan 2004	0	780	32.03	6.30	$4,914
Dec 2003	0	863	30.26	6.30	$5,438
Nov 2003	0	1,184	28.80	4.60	$5,441
Oct 2003	0	916	28.17	4.76	$4,360
Sep 2003	0	1,010	26.31	4.75	$4,797
Aug 2003	0	1,234	29.76	5.13	$6,330
Jul 2003	3	1,607	29.41	5.17	$8,398
Jun 2003	0	865	28.56	5.98	$5,175
May 2003	0	796	26.59	5.97	$4,754
Apr 2003	0	1,013	26.67	5.41	$5,478
Mar 2003	0	999	31.14	6.10	$6,090
Feb 2003	0	986	33.48	7.93	$7,815
Jan 2003	0	1,357	30.31	5.58	$7,575
Dec 2002	0	1,402	26.91	4.85	$6,805
Nov 2002	2	1,444	24.66	4.14	$6,023
Oct 2002	3	1,252	26.46	4.23	$5,374
Sep 2002	2	1,356	27.44	3.64	$4,984
Aug 2002	0	1,260	25.96	3.16	$3,987
Jul 2002	0	1,485	24.58	3.06	$4,547
Jun 2002	0	1,851	23.73	3.34	$6,179
May 2002	0	1,657	24.66	3.58	$5,939
Apr 2002	3	1,716	23.65	3.51	$6,098
Mar 2002	0	1,777	22.00	3.10	$5,514
Feb 2002	0	1,764	18.22	2.38	$4,191
Jan 2002	0	1,489	17.17	2.38	$3,537
Dec 2001	0	1,948	16.93	2.36	$4,606
Nov 2001	0	1,737	18.07	2.41	$4,178
Oct 2001	0	1,854	19.78	2.53	$4,689
Sep 2001	0	1,796	24.26	2.25	$4,043
Aug 2001	0	1,923	24.87	3.05	$5,871
Jul 2001	0	1,972	23.93	3.20	$6,305
Jun 2001	0	1,936	24.56	3.82	$7,404
May 2001	0	1,548	25.52	4.31	$6,668
Apr 2001	0	1,745	24.68	5.34	$9,310
Mar 2001	0	1,772	24.54	5.38	$9,527
Feb 2001	0	1,724	27.75	5.77	$9,942
Jan 2001	0	2,213	27.47	8.40	$18,586
Dec 2000	0	3,846	26.88	9.12	$35,085
Nov 2000	0	6,622	32.21	5.66	$37,467
Oct 2000	0	0	31.23	5.15	$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.

Jul 2016 — as filed, then multipliedworked

Condensate             0 bbl  × $ 41.62 =         $0
Gas                  464 Mcf  × $  2.92 =     $1,357

────────────────────────────────────────────────────
Month total                                   $1,357

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/182657 is the state's own key, not one this site invented.