STATE TRACT 287

Operated by PALACE OPERATING COMPANY (P-5 635096) in the RED FISH BAY (K-5) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 214052District 04Field 75203093CondensateGasSave
Value, all time
$610 k
Oct 2005 – Aug 2009
Value, last 12 filed months
$27 k
at the published price for each month
Months reported
47
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition2,218 bbl$137,661
GasProduction51,784 Mcf$472,469
Total$610,130

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 27.8991, -97.0784. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.89912, -97.07842 · 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
14,112 ft
1 wells filed one
Completion to plug
3.6 years
median over 1 wells

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 14,112 ft.

Completions filed
Oct 2005
1 of 1 wells
Plug dates filed
May 2009
1 of 1 wells

Last completion to plug: a median of 3.6 years across the 1 well that filed both dates, with the middle half between 3.6 years and 3.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-35533614114,112 ftOct 2005May 2009Yes

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 (47)

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

47 months

Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20093066.163.90$198
May 2009511754.743.93$733
Apr 20091934646.773.59$2,130
Mar 20091138542.144.06$2,026
Feb 20091030032.814.63$1,718
Jan 20091425935.865.37$1,893
Dec 20083041737.105.98$3,605
Nov 20083029555.496.86$3,689
Oct 20083345075.246.92$5,598
Sep 200823337101.767.88$4,995
Aug 200830616114.228.48$8,652
Jul 200820691131.0811.39$10,492
Jun 200816719131.3313.03$11,472
May 200817547123.1711.57$8,425
Apr 200818791110.3110.45$10,255
Mar 200813743101.909.66$8,505
Feb 20081152892.538.77$5,649
Jan 20081172290.388.21$6,919
Dec 20071876188.337.30$7,147
Nov 20071977091.677.29$7,356
Oct 20072188482.856.92$7,859
Sep 20072866675.846.24$6,282
Aug 20073043469.066.39$4,844
Jul 20072552370.906.39$5,113
Jun 20071852362.007.55$5,064
May 20074680358.747.85$9,003
Apr 2007291,67859.617.81$14,826
Mar 2007262,29856.927.30$18,260
Feb 2007391,48755.108.22$14,366
Jan 2007141,17150.306.73$8,581
Dec 2006301,74356.656.92$13,758
Nov 2006291,32754.207.62$11,680
Oct 2006271,29554.906.01$9,270
Sep 2006221,18960.085.04$7,311
Aug 2006121,20968.717.34$9,698
Jul 2006151,28269.376.34$9,172
Jun 2006161,33566.286.38$9,583
May 2006144066.016.42$1,181
Apr 2006331,39364.397.36$12,378
Mar 2006541,45756.707.08$13,382
Feb 20065579957.597.75$9,361
Jan 20061591,44660.598.93$22,551
Dec 20052612,78454.9413.42$51,688
Nov 20054766,68454.6910.59$96,805
Oct 20053887,54058.3413.80$126,656

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 2009 — as filed, then multipliedworked
Condensate             3 bbl  × $ 66.16 =       $198
Gas                    0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                     $198

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/214052 is the state's own key, not one this site invented.