SANTA FE RANCH

Operated by LEGEND NATURAL GAS IV, LP (P-5 495557) in the TOM EAST (13,800) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 189385District 04Field 904809502 tax incentive programmesCondensateGasSaveExport
Value, all time
$15.6 M
Jan 2002 – Feb 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
122
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 44 leases and 44 wells, and the rule below applies to all of them.

Discovered
2001-06-04
as the register files it
Field class
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 2001-07-24.

The Commission's schedule remark for this field reads: 10-1. FOR TEST DUE 4-1 PRIOR TEST TO BE FILED.

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 Gas112002-09-09148858
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
CondensateDisposition45,781 bbl$1,043,532
GasProduction3,935,254 Mcf$14,602,846
Total$15,646,377

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 26.8128, -98.0669. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.81284, -98.06688 · 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
14,456 ft
1 wells filed one
Completion to plug
6.8 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 14,456 ft.

Completions filed
Apr 2005
1 of 1 wells
Plug dates filed
Feb 2012
1 of 1 wells

Last completion to plug: a median of 6.8 years across the 1 well that filed both dates, with the middle half between 6.8 years and 6.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-047319671314,456 ftApr 2005Feb 2012Yes

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 (122)

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

122 months

Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070262.007.55$15
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 200501054.9413.42$134
Nov 20050054.6910.59$0
Oct 200501258.3413.80$166
Sep 20050061.4512.08$0
Aug 200501461.519.80$137
Jul 20050255.697.84$16
Jun 20050652.337.38$44
May 2005072045.226.65$4,789
Apr 200510549.207.36$529
Mar 2005768,98950.377.15$68,143
Feb 20058010,10745.226.31$67,412
Jan 200513510,88343.166.32$74,631
Dec 200414818,44139.866.75$130,396
Nov 200414312,58745.286.33$86,156
Oct 200416321,80349.706.52$150,150
Sep 200418317,25343.245.28$99,076
Aug 200421024,35742.375.55$144,095
Jul 200423828,24538.286.08$180,958
Jun 200422522,60536.106.43$153,541
May 200430721,56737.486.49$151,575
Apr 200434829,28934.475.86$183,584
Mar 200431624,67534.365.53$147,314
Feb 200425327,66032.455.51$160,606
Jan 200426431,98632.036.30$209,956
Dec 200323230,31730.266.30$198,067
Nov 200323032,39328.804.60$155,475
Oct 200339336,68228.174.76$185,664
Sep 200339439,90626.314.75$199,894
Aug 200343746,03229.765.13$249,136
Jul 200349450,38129.415.17$275,041
Jun 200352953,47628.565.98$335,053
May 200356458,77826.595.97$366,059
Apr 200353056,89626.675.41$321,788
Mar 200361662,76031.146.10$401,770
Feb 200381063,19533.487.93$527,995
Jan 200376374,22230.315.58$437,437
Dec 200268522226.914.85$19,511
Nov 200297590,26824.664.14$397,479
Oct 2002876108,65526.464.23$482,694
Sep 2002894130,34427.443.64$498,358
Aug 20021,062159,35025.963.16$531,778
Jul 2002840193,37124.583.06$612,703
Jun 20022,381207,02023.733.34$747,584
May 200264251,28624.663.58$902,187
Apr 20024,410354,33823.653.51$1,348,845
Mar 2002306509,46122.003.10$1,587,447
Feb 200223,777888,47118.222.38$2,543,940
Jan 2002420126,21217.172.38$307,051

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.

Jun 2007 — as filed, then multipliedworked
Condensate             0 bbl  × $ 62.00 =         $0
Gas                    2 Mcf  × $  7.55 =        $15

────────────────────────────────────────────────────
Month total                                      $15

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/189385 is the state's own key, not one this site invented.