LIBRE

Operated by MESTENA OPERATING, L.L.C. (P-5 562071) in the LIBRE (QUEEN CITY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 186978District 04Field 535182652 tax incentive programmesCondensateGasSaveExport
Value, all time
$15.8 M
Dec 2001 – Jan 2014
Value, last 12 filed months
$0
at the published price for each month
Months reported
146
no gaps in the span
Streams
2
condensate, gas

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 43 leases and 43 wells, and the rule below applies to all of them.

Discovered
2001-01-16
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 09/01/2001.

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112003-11-17153738
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition55,341 bbl$1,918,701
GasProduction2,608,635 Mcf$13,847,716
Total$15,766,417

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 27.2286, -98.5329. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.22865, -98.53291 · 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
10,710 ft
1 wells filed one
Completion to plug
12.1 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 10,710 ft.

Completions filed
Dec 2001
1 of 1 wells
Plug dates filed
Jan 2014
1 of 1 wells

Last completion to plug: a median of 12.1 years across the 1 well that filed both dates, with the middle half between 12.1 years and 12.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-247322301010,710 ftDec 2001Jan 2014Yes

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 (146)

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

146 months

Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 201362091.603.42$5,679
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 2012019785.133.02$595
Jun 20120079.822.52$0
May 201201791.612.49$42
Apr 201200101.652.00$0
Mar 2012046105.052.22$102
Feb 20120149101.102.57$383
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110495.723.31$13
Oct 201105284.983.65$190
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 201104794.144.52$212
Jun 2011037292.904.64$1,726
May 2011041598.134.40$1,828
Apr 2011062105.964.33$269
Mar 201115796.364.06$328
Feb 201102985.644.18$121
Jan 201113886.504.59$261
Dec 201011785.734.35$160
Nov 201006480.843.80$243
Oct 201009678.103.51$337
Sep 2010026372.633.98$1,047
Aug 2010030373.684.42$1,339
Jul 2010013272.554.74$625
Jun 2010089570.364.91$4,395
May 2010026271.124.24$1,110
Apr 2010032481.694.12$1,336
Mar 2010045878.394.39$2,010
Feb 2010026673.585.44$1,448
Jan 201018749674.365.96$16,864
Dec 2009040771.445.48$2,232
Nov 2009193574.593.75$3,582
Oct 2009151972.544.11$2,206
Sep 2009134965.543.06$1,135
Aug 200917875967.423.22$14,444
Jul 2009167861.133.46$2,410
Jun 200901,15166.163.90$4,483
May 2009080654.743.93$3,164
Apr 2009047546.773.59$1,704
Mar 200911,38142.144.06$5,648
Feb 2009096032.814.63$4,448
Jan 200902,87735.865.37$15,452
Dec 200812,50637.105.98$15,016
Nov 20082003,54055.496.86$35,384
Oct 200812,64075.246.92$18,349
Sep 200804,045101.767.88$31,863
Aug 200804,017114.228.48$34,076
Jul 20081994,328131.0811.39$75,378
Jun 20082504,578131.3313.03$92,496
May 200815,150123.1711.57$59,731
Apr 20082004,670110.3110.45$70,886
Mar 200824,629101.909.66$44,939
Feb 20083774,77092.538.77$76,719
Jan 200815,37590.388.21$44,196
Dec 200725,56188.337.30$40,783
Nov 20072025,88291.677.29$61,407
Oct 200726,27382.856.92$43,587
Sep 200726,20975.846.24$38,922
Aug 20071936,51469.066.39$54,940
Jul 200716,89670.906.39$44,122
Jun 20071987,39262.007.55$68,074
May 20071798,12258.747.85$74,242
Apr 20071928,91559.617.81$81,028
Mar 2007110,03256.927.30$73,310
Feb 20073839,99155.108.22$103,189
Jan 200720411,12750.306.73$85,111
Dec 200640412,11056.656.92$106,669
Nov 200620312,37454.207.62$105,261
Oct 200624913,22254.906.01$93,185
Sep 200639514,46760.085.04$96,605
Aug 200619915,86868.717.34$130,143
Jul 200639715,53569.376.34$126,075
Jun 200619815,49666.286.38$112,048
May 200629412,36166.016.42$98,826
Apr 200646218,32864.397.36$164,651
Mar 200639219,64956.707.08$161,399
Feb 200639717,92557.597.75$161,802
Jan 200621019,43660.598.93$186,352
Dec 200520720,36254.9413.42$284,537
Nov 200540419,70054.6910.59$230,686
Oct 200521421,52758.3413.80$309,466
Sep 200529920,82861.4512.08$269,955
Aug 200536722,11061.519.80$239,182
Jul 200539123,25655.697.84$204,186
Jun 200558821,88052.337.38$192,267
May 200520722,22345.226.65$157,169
Apr 200519922,99249.207.36$179,023
Mar 200573722,73250.377.15$199,767
Feb 200560720,97245.226.31$159,822
Jan 200579924,18743.166.32$187,400
Dec 200440525,68739.866.75$189,558
Nov 200456924,82545.286.33$182,917
Oct 200441827,20049.706.52$197,985
Sep 200459227,24343.245.28$169,547
Aug 200440230,75942.375.55$187,765
Jul 200437431,36738.286.08$205,159
Jun 200460030,90336.106.43$220,460
May 200498033,49637.486.49$254,273
Apr 200419233,07034.475.86$200,358
Mar 20041,14432,69134.365.53$220,094
Feb 2004233,37532.455.51$183,948
Jan 200478436,36632.036.30$254,204
Dec 200396538,64430.266.30$272,721
Nov 200397238,73728.804.60$205,996
Oct 200396944,51528.174.76$239,172
Sep 200399144,58826.314.75$237,838
Aug 20031,17549,69629.765.13$289,895
Jul 200338451,01129.415.17$275,063
Jun 20031,30752,65428.565.98$352,355
May 20031,34553,27926.595.97$353,982
Apr 200359849,40726.675.41$283,106
Mar 20031,00355,74031.146.10$371,027
Feb 20031,59453,30933.487.93$475,888
Jan 20031,16359,12830.315.58$365,305
Dec 20021,66959,49226.914.85$333,673
Nov 20021,33455,85524.664.14$263,966
Oct 20021,36266,45126.464.23$317,068
Sep 20021,88968,79327.443.64$301,910
Aug 20021,31380,55825.963.16$288,984
Jul 20021,91286,60924.583.06$312,173
Jun 20021,91171,52623.733.34$284,119
May 20021,93982,62824.663.58$343,954
Apr 20022,07087,17923.653.51$355,156
Mar 20022,344101,19222.003.10$365,538
Feb 20022,02695,11318.222.38$262,872
Jan 20022,740100,80017.172.38$286,514
Dec 20011,85985,68916.932.36$234,076

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 2013 — as filed, then multipliedworked
Condensate            62 bbl  × $ 91.60 =     $5,679
Gas                    0 Mcf  × $  3.42 =         $0

────────────────────────────────────────────────────
Month total                                   $5,679

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/186978 is the state's own key, not one this site invented.