PXP OWEN -8-

Operated by LEWIS PETRO PROPERTIES, INC. (P-5 499978) in the LAS TIENDAS (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 75869District 04Field 52211060NGPA filingCondensateGasSaveExport
Value, all time
$67 k
Jan 1993 – Jul 2013
Value, last 12 filed months
$797
at the published price for each month
Months reported
247
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 754 leases and 754 wells, and the rule below applies to all of them.

Discovered
1974-04-22
as the register files it
Field class
Gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2011-08-23.

The Commission's schedule remark for this field reads: REMAINS SUSPENDED. FIELD REMAINS SET TO MANUAL REVIEW.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition102 bbl$2,472
GasProduction17,649 Mcf$64,487
Total$66,959

3,800 Mcf of this lease's gas, across 44 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 27.9935, -99.5464. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.99347, -99.54636 · 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
7,665 ft
1 wells filed one
Completion to plug
35.3 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 7,665 ft.

Completions filed
Mar 1978
1 of 1 wells
Plug dates filed
Jul 2013
1 of 1 wells

Last completion to plug: a median of 35.3 years across the 1 well that filed both dates, with the middle half between 35.3 years and 35.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793191717,665 ftMar 1978Jul 2013Yes

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 (247)

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

247 months

Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 201203886.953.62$138
Oct 201205689.383.40$190
Sep 201209094.672.92$263
Aug 201207192.662.91$206
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 2010012480.843.80$471
Oct 2010021278.103.51$744
Sep 2010024672.633.98$979
Aug 2010028173.684.42$1,242
Jul 2010028172.554.74$1,331
Jun 2010025770.364.91$1,262
May 2010023871.124.24$1,008
Apr 2010025781.694.12$1,060
Mar 2010024678.394.39$1,080
Feb 201005373.585.44$288
Jan 2010021874.365.96$1,300
Dec 2009019471.445.48$1,064
Nov 2009019574.593.75$732
Oct 2009023072.544.11$945
Sep 2009019265.543.06$588
Aug 2009022667.423.22$727
Jul 2009021461.133.46$741
Jun 2009019166.163.90$744
May 2009024154.743.93$946
Apr 2009020446.773.59$732
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 2008052131.3313.03$678
May 20080143123.1711.57$1,655
Apr 20080161110.3110.45$1,683
Mar 2008091101.909.66$879
Feb 2008011692.538.77$1,017
Jan 2008010490.388.21$853
Dec 200708788.337.30$635
Nov 200709591.677.29$693
Oct 2007010582.856.92$727
Sep 200708275.846.24$512
Aug 200703869.066.39$243
Jul 200705470.906.39$345
Jun 200709462.007.55$710
May 200709758.747.85$761
Apr 200708359.617.81$648
Mar 200705256.927.30$380
Feb 200701055.108.22$82
Jan 200703650.306.73$242
Dec 2006120656.656.92$1,482
Nov 200604154.207.62$312
Oct 200604854.906.01$289
Sep 200608160.085.04$408
Aug 200606668.717.34$484
Jul 200606369.376.34$400
Jun 200608866.286.38$562
May 200609566.016.42$610
Apr 200604064.397.36$294
Mar 200602956.707.08$205
Feb 200602057.597.75$155
Jan 200601760.598.93$152
Dec 200502954.9413.42$389
Nov 2005014254.6910.59$1,504
Oct 200505758.3413.80$786
Sep 20050761.4512.08$85
Aug 20050261.519.80$20
Jul 20050055.697.84$0
Jun 20050352.337.38$22
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050545.226.31$32
Jan 200502443.166.32$152
Dec 2004146639.866.75$1,004
Nov 200403845.286.33$241
Oct 200402749.706.52$176
Sep 200403343.245.28$174
Aug 200402342.375.55$128
Jul 200406438.286.08$389
Jun 200407436.106.43$476
May 200406237.486.49$403
Apr 200408334.475.86$486
Mar 200406334.365.53$348
Feb 200406432.455.51$353
Jan 200405932.036.30$372
Dec 200305630.266.30$353
Nov 200307028.804.60$322
Oct 200307428.174.76$352
Sep 200308426.314.75$399
Aug 200307029.765.13$359
Jul 200309329.415.17$481
Jun 200305828.565.98$347
May 200308326.595.97$496
Apr 200307526.675.41$406
Mar 200318131.146.10$525
Feb 200309233.487.93$729
Jan 200308030.315.58$447
Dec 200206726.914.85$325
Nov 200204724.664.14$194
Oct 200209626.464.23$406
Sep 200214627.443.64$195
Aug 200217625.963.16$266
Jul 200208224.583.06$251
Jun 200208523.733.34$284
May 200204924.663.58$176
Apr 20026311823.653.51$1,904
Mar 2002116422.003.10$531
Feb 2002015118.222.38$359
Jan 2002018217.172.38$432
Dec 200104516.932.36$106
Nov 20010718.072.41$17
Oct 200105719.782.53$144
Sep 200104624.262.25$104
Aug 200101224.873.05$37
Jul 2001029623.933.20$946
Jun 2001029624.563.82$1,132
May 2001014225.524.31$612
Apr 2001016124.685.34$859
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010127.478.40$8
Dec 20000026.889.12$0
Nov 20000232.215.66$11
Oct 20000031.235.15$0
Sep 200002731.875.19$140
Aug 200003529.644.54$159
Jul 200004428.534.09$180
Jun 200002629.304.40$114
May 2000016627.263.68$611
Apr 200004524.513.12$140
Mar 20000828.422.86$23
Feb 200008527.622.73$232
Jan 2000021725.272.48$538
Dec 1999018024.282.42$436
Nov 199906923.192.43$168
Oct 1999010120.982.80$283
Sep 1999019921.752.62$521
Aug 199902919.262.88$83
Jul 1999010117.892.37$240
Jun 199903615.942.36$85
May 199903715.792.32$86
Apr 199903015.102.21$66
Mar 199901512.471.84$28
Feb 1999039.981.82$5
Jan 199904210.381.90$80
Dec 1998009.201.77$0
Nov 199803910.892.19$85
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 199802311.301.91$44
Jul 199802311.742.24$51
Jun 199801111.242.24$25
May 199801312.622.21$29
Apr 19982017113.042.51$689
Mar 1998010712.802.31$247
Feb 199809213.952.30$212
Jan 199809914.702.15$213
Dec 199708516.322.41$205
Nov 199706318.193.09$195
Oct 199709319.253.15$293
Sep 199707617.742.95$225
Aug 199709017.862.55$230
Jul 199707617.582.25$171
Jun 199709917.242.26$223
May 199706618.972.31$152
Apr 199704517.882.08$94
Mar 199705918.951.94$114
Feb 199704620.492.21$101
Jan 199706023.483.54$212
Dec 199607723.32$0
Nov 199605821.97$0
Oct 199606623.31$0
Sep 199606422.22$0
Aug 199605620.26$0
Jul 199604319.55$0
Jun 199604418.73$0
May 199604419.43$0
Apr 199604021.51$0
Mar 199606719.38$0
Feb 199608816.98$0
Jan 1996010417.07$0
Dec 1995012417.19$0
Nov 1995014816.00$0
Oct 1995021915.43$0
Sep 199509416.18$0
Aug 1995011715.92$0
Jul 1995011715.24$0
Jun 1995013416.41$0
May 1995017617.56$0
Apr 1995011817.73$0
Mar 1995012616.44$0
Feb 1995013016.58$0
Jan 1995015615.92$0
Dec 1994012815.03$0
Nov 1994010315.90$0
Oct 1994013315.58$0
Sep 199409915.29$0
Aug 1994011016.13$0
Jul 199406717.56$0
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940712.46$0
Feb 199403112.50$0
Jan 199406012.66$0
Dec 1993010012.33$0
Nov 199307614.49$0
Oct 199303415.85$0
Sep 199302015.03$0
Aug 199302415.66$0
Jul 199302915.46$0
Jun 199303716.79$0
May 1993012117.68$0
Apr 1993013418.05$0
Mar 19930018.14$0
Feb 199303517.90$0
Jan 199304216.93$0

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.

Nov 2012 — as filed, then multipliedworked
Condensate             0 bbl  × $ 86.95 =         $0
Gas                   38 Mcf  × $  3.62 =       $138

────────────────────────────────────────────────────
Month total                                     $138

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/75869 is the state's own key, not one this site invented.