LA PALOMA RANCH

Operated by SIERRA RESOURCES, LLC (P-5 780233) in the SORILLO (VICKSBURG 11,600) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 212465District 04Field 84679500CondensateGasSaveExport
Value, all time
$4.3 M
Aug 2005 – Feb 2011
Value, last 12 filed months
$87 k
at the published price for each month
Months reported
67
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 3 leases and 3 wells, and the rule below applies to all of them.

Discovered
1968-02-26
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 01/01/2007.

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
CondensateDisposition13,481 bbl$869,747
GasProduction409,375 Mcf$3,451,866
Total$4,321,613

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 27.2034, -97.9086. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.20342, -97.90862 · 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
12,250 ft
1 wells filed one
Completion to plug
5.1 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 12,250 ft.

Completions filed
Aug 2005
1 of 1 wells
Plug dates filed
Sep 2010
1 of 1 wells

Last completion to plug: a median of 5.1 years across the 1 well that filed both dates, with the middle half between 5.1 years and 5.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-26131382112,250 ftAug 2005Sep 2010Yes

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 (67)

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

67 months

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 2010186072.633.98$13,509
Aug 20100173.684.42$4
Jul 20101851,93572.554.74$22,587
Jun 201001,85770.364.91$9,119
May 201002,09771.124.24$8,881
Apr 201002,24281.694.12$9,243
Mar 20101832,22778.394.39$24,119
Feb 20103642,09273.585.44$38,169
Jan 201002,24074.365.96$13,360
Dec 200902,28071.445.48$12,503
Nov 200902,36374.593.75$8,865
Oct 200902,55472.544.11$10,498
Sep 200902,41665.543.06$7,404
Aug 20091832,12867.423.22$19,187
Jul 200901,28761.133.46$4,459
Jun 200902,05766.163.90$8,012
May 20093702,32154.743.93$29,365
Apr 200902,57046.773.59$9,220
Mar 200902,71542.144.06$11,020
Feb 20091842,32932.814.63$16,827
Jan 200902,82535.865.37$15,173
Dec 20081902,81837.105.98$23,893
Nov 200802,96855.496.86$20,362
Oct 20081803,05775.246.92$34,704
Sep 200803,212101.767.88$25,301
Aug 20081833,404114.228.48$49,778
Jul 20081853,578131.0811.39$65,001
Jun 200803,499131.3313.03$45,601
May 20081863,765123.1711.57$66,487
Apr 200803,601110.3110.45$37,648
Mar 20081893,939101.909.66$57,326
Feb 200803,75192.538.77$32,898
Jan 20081924,15090.388.21$51,407
Dec 20071884,88788.337.30$52,291
Nov 200703,84791.677.29$28,051
Oct 20073694,64982.856.92$62,752
Sep 200704,55875.846.24$28,461
Aug 20072594,60669.066.39$47,309
Jul 20071884,95070.906.39$44,950
Jun 200705,15962.007.55$38,942
May 20073725,77958.747.85$67,195
Apr 200705,77859.617.81$45,098
Mar 20073726,71956.927.30$70,236
Feb 20071865,89155.108.22$58,649
Jan 20071886,38150.306.73$52,380
Dec 20061957,60056.656.92$63,627
Nov 20063809,16954.207.62$90,441
Oct 20061899,97754.906.01$70,376
Sep 200638310,35960.085.04$75,191
Aug 200636010,77268.717.34$103,801
Jul 200618312,20669.376.34$90,114
Jun 200636211,91566.286.38$100,057
May 200655912,52066.016.42$117,341
Apr 200637815,18364.397.36$136,094
Mar 200636617,52756.707.08$144,895
Feb 200675217,59157.597.75$179,658
Jan 200654822,56460.598.93$234,775
Dec 200596725,38854.9413.42$393,717
Nov 20051,09329,41054.6910.59$371,181
Oct 20051,50237,05558.3413.80$598,829
Sep 20051827,92761.4512.08$106,934
Aug 200504,73061.519.80$46,339

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.

Sep 2010 — as filed, then multipliedworked
Condensate           186 bbl  × $ 72.63 =    $13,509
Gas                    0 Mcf  × $  3.98 =         $0

────────────────────────────────────────────────────
Month total                                  $13,509

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/212465 is the state's own key, not one this site invented.