RIO FARMS

Operated by POGO PRODUCING COMPANY LLC (P-5 668907) in the HARGILL (FRIO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 224320District 04Field 39060200CondensateGasSave
Value, all time
$19.4 M
Jan 2007 – Oct 2010
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
46
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
CondensateDisposition52,698 bbl$3,413,626
GasProduction2,123,862 Mcf$16,018,238
Total$19,431,865

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 26.4801, -97.9972. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.48015, -97.99720 · 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
11,815 ft
1 wells filed one
Completion to plug
2.8 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 11,815 ft.

Completions filed
Jan 2008
1 of 1 wells
Plug dates filed
Oct 2010
1 of 1 wells

Last completion to plug: a median of 2.8 years across the 1 well that filed both dates, with the middle half between 2.8 years and 2.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-48931159111,815 ftJan 2008Oct 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 (46)

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

46 months

Oct 201018078.103.51$1,406
Sep 20103072.633.98$218
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 2010032470.364.91$1,591
May 201004771.124.24$199
Apr 20100581.694.12$21
Mar 201009378.394.39$408
Feb 2010021873.585.44$1,186
Jan 201003774.365.96$221
Dec 200975171.445.48$780
Nov 2009017774.593.75$664
Oct 20091318172.544.11$9,836
Sep 200905165.543.06$156
Aug 2009012267.423.22$393
Jul 20092537361.133.46$2,821
Jun 2009030766.163.90$1,196
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 200802,19055.496.86$15,024
Oct 20081936,10975.246.92$56,808
Sep 2008013,526101.767.88$106,546
Aug 200819014,696114.228.48$146,368
Jul 2008023,303131.0811.39$265,408
Jun 200837330,578131.3313.03$447,498
May 2008037,268123.1711.57$431,351
Apr 200839145,768110.3110.45$521,629
Mar 200877155,850101.909.66$618,303
Feb 200818763,52592.538.77$574,454
Jan 200819743,63090.388.21$375,821
Dec 2007764136,45388.337.30$1,063,860
Nov 20071,142133,99891.677.29$1,081,760
Oct 20071,491198,44982.856.92$1,497,189
Sep 20072,658198,48675.846.24$1,440,961
Aug 20073,907242,46469.066.39$1,818,663
Jul 20074,269157,01270.906.39$1,305,655
Jun 20075,475156,51662.007.55$1,520,903
May 20077,155173,28958.747.85$1,779,959
Apr 20076,095114,12459.617.81$1,254,084
Mar 20078,144135,82556.927.30$1,455,347
Feb 20079,112132,04555.108.22$1,586,953
Jan 200706,87250.306.73$46,227

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.

Oct 2010 — as filed, then multipliedworked
Condensate            18 bbl  × $ 78.10 =     $1,406
Gas                    0 Mcf  × $  3.51 =         $0

────────────────────────────────────────────────────
Month total                                   $1,406

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/224320 is the state's own key, not one this site invented.