MARGO

Name: MARGO lease production and value, Nov 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by NEWGULF PETROLEUM, LLC (P-5 606618) in the ARROYO GRANDE, W. (COOK MT.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 205751District 04Field 03944240CondensateGasSave Export

Value, all time

$1.4 M

Nov 2004 – Aug 2016

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

142

no gaps in the span

Streams

condensate, gas

The ARROYO GRANDE, W. (COOK MT.) 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 11 leases and 11 wells, and the rule below applies to all of them.

Discovered

2001-07-28

as the register files it

Field class

Oil and 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 07/01/2003.”

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	955 bbl	$62,897
Gas	Production	197,000 Mcf	$1,309,481
Total			$1,372,378

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	3T	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 (142)

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

142 months


Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	124	0	45.35	2.69	$5,623
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	19	26.47	2.06	$39
Jan 2016	0	150	27.35	2.36	$355
Dec 2015	0	150	32.36	2.00	$300
Nov 2015	0	145	38.79	2.17	$314
Oct 2015	0	150	43.55	2.43	$364
Sep 2015	0	95	42.99	2.76	$262
Aug 2015	0	95	40.16	2.87	$273
Jul 2015	0	95	48.15	2.95	$280
Jun 2015	0	92	56.15	2.88	$265
May 2015	0	95	55.21	2.96	$281
Apr 2015	0	92	49.82	2.71	$249
Mar 2015	0	92	42.89	2.93	$270
Feb 2015	0	83	44.66	2.98	$247
Jan 2015	0	95	43.43	3.10	$295
Dec 2014	0	95	54.69	3.59	$341
Nov 2014	0	12	70.46	4.25	$51
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	697	90.40	4.86	$3,388
Dec 2013	0	1,493	91.82	4.35	$6,501
Nov 2013	0	1,606	88.85	3.74	$6,004
Oct 2013	0	1,670	97.42	3.78	$6,312
Sep 2013	0	1,645	104.11	3.72	$6,116
Aug 2013	0	1,775	104.25	3.52	$6,253
Jul 2013	0	1,653	102.52	3.72	$6,145
Jun 2013	0	730	94.40	3.93	$2,871
May 2013	0	876	94.83	4.15	$3,635
Apr 2013	0	873	93.96	4.28	$3,739
Mar 2013	0	851	93.62	3.91	$3,330
Feb 2013	0	940	91.23	3.42	$3,215
Jan 2013	0	915	91.60	3.42	$3,129
Dec 2012	0	1,109	86.77	3.42	$3,793
Nov 2012	0	1,132	86.95	3.62	$4,103
Oct 2012	0	1,322	89.38	3.40	$4,494
Sep 2012	0	1,263	94.67	2.92	$3,686
Aug 2012	0	724	92.66	2.91	$2,106
Jul 2012	0	531	85.13	3.02	$1,604
Jun 2012	182	956	79.82	2.52	$16,935
May 2012	0	1,376	91.61	2.49	$3,424
Apr 2012	0	1,293	101.65	2.00	$2,582
Mar 2012	0	1,367	105.05	2.22	$3,038
Feb 2012	0	890	101.10	2.57	$2,288
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	393	98.13	4.40	$1,731
Apr 2011	0	880	105.96	4.33	$3,813
Mar 2011	0	1,009	96.36	4.06	$4,094
Feb 2011	0	965	85.64	4.18	$4,034
Jan 2011	0	949	86.50	4.59	$4,355
Dec 2010	0	863	85.73	4.35	$3,752
Nov 2010	0	1,016	80.84	3.80	$3,856
Oct 2010	0	1,014	78.10	3.51	$3,558
Sep 2010	0	1,021	72.63	3.98	$4,063
Aug 2010	0	988	73.68	4.42	$4,366
Jul 2010	0	1,171	72.55	4.74	$5,546
Jun 2010	0	1,199	70.36	4.91	$5,888
May 2010	0	1,190	71.12	4.24	$5,040
Apr 2010	0	1,489	81.69	4.12	$6,139
Mar 2010	0	1,579	78.39	4.39	$6,930
Feb 2010	0	1,435	73.58	5.44	$7,810
Jan 2010	0	1,690	74.36	5.96	$10,079
Dec 2009	0	1,445	71.44	5.48	$7,924
Nov 2009	179	1,313	74.59	3.75	$18,277
Oct 2009	0	708	72.54	4.11	$2,910
Sep 2009	0	1,346	65.54	3.06	$4,125
Aug 2009	0	1,497	67.42	3.22	$4,818
Jul 2009	0	1,084	61.13	3.46	$3,756
Jun 2009	0	901	66.16	3.90	$3,509
May 2009	0	1,266	54.74	3.93	$4,970
Apr 2009	0	1,281	46.77	3.59	$4,596
Mar 2009	0	1,321	42.14	4.06	$5,362
Feb 2009	0	1,342	32.81	4.63	$6,217
Jan 2009	0	1,124	35.86	5.37	$6,037
Dec 2008	0	850	37.10	5.98	$5,081
Nov 2008	0	1,143	55.49	6.86	$7,841
Oct 2008	0	1,339	75.24	6.92	$9,269
Sep 2008	0	1,456	101.76	7.88	$11,469
Aug 2008	0	1,307	114.22	8.48	$11,087
Jul 2008	0	2,157	131.08	11.39	$24,567
Jun 2008	0	1,952	131.33	13.03	$25,440
May 2008	0	625	123.17	11.57	$7,234
Apr 2008	0	51	110.31	10.45	$533
Mar 2008	0	900	101.90	9.66	$8,698
Feb 2008	0	1,483	92.53	8.77	$13,007
Jan 2008	0	1,839	90.38	8.21	$15,090
Dec 2007	0	1,980	88.33	7.30	$14,458
Nov 2007	0	1,800	91.67	7.29	$13,125
Oct 2007	0	2,290	82.85	6.92	$15,851
Sep 2007	0	1,902	75.84	6.24	$11,876
Aug 2007	0	2,344	69.06	6.39	$14,973
Jul 2007	0	2,270	70.90	6.39	$14,501
Jun 2007	0	1,870	62.00	7.55	$14,116
May 2007	166	1,833	58.74	7.85	$24,133
Apr 2007	0	2,114	59.61	7.81	$16,500
Mar 2007	0	1,981	56.92	7.30	$14,465
Feb 2007	0	1,786	55.10	8.22	$14,674
Jan 2007	0	2,067	50.30	6.73	$13,904
Dec 2006	0	2,332	56.65	6.92	$16,134
Nov 2006	0	2,399	54.20	7.62	$18,274
Oct 2006	0	2,586	54.90	6.01	$15,552
Sep 2006	0	2,646	60.08	5.04	$13,328
Aug 2006	0	3,049	68.71	7.34	$22,379
Jul 2006	173	3,110	69.37	6.34	$31,727
Jun 2006	0	2,924	66.28	6.38	$18,666
May 2006	0	3,155	66.01	6.42	$20,271
Apr 2006	0	3,381	64.39	7.36	$24,886
Mar 2006	0	3,616	56.70	7.08	$25,612
Feb 2006	0	3,266	57.59	7.75	$25,315
Jan 2006	0	3,616	60.59	8.93	$32,303
Dec 2005	0	3,791	54.94	13.42	$50,858
Nov 2005	0	3,326	54.69	10.59	$35,217
Oct 2005	131	3,866	58.34	13.80	$60,977
Sep 2005	0	3,741	61.45	12.08	$45,188
Aug 2005	0	4,067	61.51	9.80	$39,844
Jul 2005	0	4,457	55.69	7.84	$34,959
Jun 2005	0	4,020	52.33	7.38	$29,672
May 2005	0	4,695	45.22	6.65	$31,227
Apr 2005	0	4,852	49.20	7.36	$35,713
Mar 2005	0	5,302	50.37	7.15	$37,935
Feb 2005	0	4,995	45.22	6.31	$31,528
Jan 2005	0	5,627	43.16	6.32	$35,575
Dec 2004	0	6,046	39.86	6.75	$40,817
Nov 2004	0	75	45.28	6.33	$475

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 2016 — as filed, then multipliedworked

Condensate           124 bbl  × $ 45.35 =     $5,623
Gas                    0 Mcf  × $  2.69 =         $0

────────────────────────────────────────────────────
Month total                                   $5,623

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/205751 is the state's own key, not one this site invented.