MARGO

Name: MARGO lease production and value, Jan 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by NEWGULF PETROLEUM, LLC (P-5 606618) in the MARGO (C- 2200) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 198890District 04Field 57408664CondensateGasSave Export

Value, all time

$358 k

Jan 2003 – Feb 2016

Value, last 12 filed months

at the published price for each month

Months reported

158

no gaps in the span

Streams

condensate, gas

The MARGO (C- 2200) 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 12 leases and 12 wells, and the rule below applies to all of them.

Discovered

1953-12-12

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: “ALLOCATION FORMULA EFFECTIVE 04/01/2004.”

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	3 bbl	$99
Gas	Production	54,849 Mcf	$357,962
Total			$358,061

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 26.5499, -98.9959. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.54993, -98.99589 · 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

3,214 ft

1 wells filed one

Completion to plug

11.3 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 3,214 ft.

Completions filed

Nov 2004

1 of 1 wells

Plug dates filed

Feb 2016

1 of 1 wells

Last completion to plug: a median of 11.3 years across the 1 well that filed both dates, with the middle half between 11.3 years and 11.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-42733387	3 C	3,214 ft	Nov 2004	Feb 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 (158)

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

158 months


Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	117	94.40	3.93	$460
May 2013	0	145	94.83	4.15	$602
Apr 2013	0	141	93.96	4.28	$604
Mar 2013	0	145	93.62	3.91	$567
Feb 2013	0	131	91.23	3.42	$448
Jan 2013	0	138	91.60	3.42	$472
Dec 2012	0	145	86.77	3.42	$496
Nov 2012	0	141	86.95	3.62	$511
Oct 2012	0	155	89.38	3.40	$527
Sep 2012	0	158	94.67	2.92	$461
Aug 2012	0	154	92.66	2.91	$448
Jul 2012	0	134	85.13	3.02	$405
Jun 2012	0	112	79.82	2.52	$282
May 2012	0	145	91.61	2.49	$361
Apr 2012	0	141	101.65	2.00	$282
Mar 2012	0	145	105.05	2.22	$322
Feb 2012	0	145	101.10	2.57	$373
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	54	98.13	4.40	$238
Apr 2011	0	113	105.96	4.33	$490
Mar 2011	0	117	96.36	4.06	$475
Feb 2011	0	106	85.64	4.18	$443
Jan 2011	0	117	86.50	4.59	$537
Dec 2010	0	118	85.73	4.35	$513
Nov 2010	0	122	80.84	3.80	$463
Oct 2010	0	126	78.10	3.51	$442
Sep 2010	0	122	72.63	3.98	$486
Aug 2010	0	126	73.68	4.42	$557
Jul 2010	0	136	72.55	4.74	$644
Jun 2010	0	132	70.36	4.91	$648
May 2010	0	139	71.12	4.24	$589
Apr 2010	0	190	81.69	4.12	$783
Mar 2010	0	214	78.39	4.39	$939
Feb 2010	0	193	73.58	5.44	$1,050
Jan 2010	0	213	74.36	5.96	$1,270
Dec 2009	0	213	71.44	5.48	$1,168
Nov 2009	0	206	74.59	3.75	$773
Oct 2009	0	120	72.54	4.11	$493
Sep 2009	0	185	65.54	3.06	$567
Aug 2009	0	213	67.42	3.22	$686
Jul 2009	0	213	61.13	3.46	$738
Jun 2009	0	185	66.16	3.90	$721
May 2009	0	213	54.74	3.93	$836
Apr 2009	0	200	46.77	3.59	$718
Mar 2009	0	213	42.14	4.06	$865
Feb 2009	0	190	32.81	4.63	$880
Jan 2009	0	213	35.86	5.37	$1,144
Dec 2008	0	206	37.10	5.98	$1,231
Nov 2008	0	206	55.49	6.86	$1,413
Oct 2008	0	213	75.24	6.92	$1,474
Sep 2008	0	238	101.76	7.88	$1,875
Aug 2008	0	261	114.22	8.48	$2,214
Jul 2008	0	273	131.08	11.39	$3,109
Jun 2008	0	286	131.33	13.03	$3,727
May 2008	0	261	123.17	11.57	$3,021
Apr 2008	0	252	110.31	10.45	$2,635
Mar 2008	0	261	101.90	9.66	$2,522
Feb 2008	0	244	92.53	8.77	$2,140
Jan 2008	0	261	90.38	8.21	$2,142
Dec 2007	0	261	88.33	7.30	$1,906
Nov 2007	0	252	91.67	7.29	$1,838
Oct 2007	0	265	82.85	6.92	$1,834
Sep 2007	0	291	75.84	6.24	$1,817
Aug 2007	0	301	69.06	6.39	$1,923
Jul 2007	0	325	70.90	6.39	$2,076
Jun 2007	0	351	62.00	7.55	$2,650
May 2007	0	388	58.74	7.85	$3,044
Apr 2007	0	376	59.61	7.81	$2,935
Mar 2007	0	388	56.92	7.30	$2,833
Feb 2007	0	351	55.10	8.22	$2,884
Jan 2007	0	388	50.30	6.73	$2,610
Dec 2006	0	388	56.65	6.92	$2,684
Nov 2006	0	460	54.20	7.62	$3,504
Oct 2006	0	476	54.90	6.01	$2,863
Sep 2006	0	445	60.08	5.04	$2,242
Aug 2006	0	476	68.71	7.34	$3,494
Jul 2006	0	476	69.37	6.34	$3,019
Jun 2006	0	460	66.28	6.38	$2,937
May 2006	0	476	66.01	6.42	$3,058
Apr 2006	0	460	64.39	7.36	$3,386
Mar 2006	0	476	56.70	7.08	$3,371
Feb 2006	0	430	57.59	7.75	$3,333
Jan 2006	0	476	60.59	8.93	$4,252
Dec 2005	0	476	54.94	13.42	$6,386
Nov 2005	0	508	54.69	10.59	$5,379
Oct 2005	0	537	58.34	13.80	$7,408
Sep 2005	0	519	61.45	12.08	$6,269
Aug 2005	0	537	61.51	9.80	$5,261
Jul 2005	0	537	55.69	7.84	$4,212
Jun 2005	0	507	52.33	7.38	$3,742
May 2005	0	379	45.22	6.65	$2,521
Apr 2005	0	364	49.20	7.36	$2,679
Mar 2005	0	376	50.37	7.15	$2,690
Feb 2005	0	320	45.22	6.31	$2,020
Jan 2005	0	456	43.16	6.32	$2,883
Dec 2004	0	597	39.86	6.75	$4,030
Nov 2004	0	4,173	45.28	6.33	$26,417
Oct 2004	0	1,674	49.70	6.52	$10,906
Sep 2004	0	1,620	43.24	5.28	$8,560
Aug 2004	0	1,674	42.37	5.55	$9,292
Jul 2004	0	1,677	38.28	6.08	$10,203
Jun 2004	0	2,091	36.10	6.43	$13,451
May 2004	0	2,161	37.48	6.49	$14,035
Apr 2004	0	2,065	34.47	5.86	$12,098
Mar 2004	1	2,194	34.36	5.53	$12,167
Feb 2004	2	2,354	32.45	5.51	$13,035
Jan 2004	0	3,594	32.03	6.30	$22,641
Dec 2003	0	1,061	30.26	6.30	$6,686
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	2,175	33.48	7.93	$17,239
Jan 2003	0	731	30.31	5.58	$4,080

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 2013 — as filed, then multipliedworked

Condensate             0 bbl  × $ 94.40 =         $0
Gas                  117 Mcf  × $  3.93 =       $460

────────────────────────────────────────────────────
Month total                                     $460

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/198890 is the state's own key, not one this site invented.