SAENZ -C-

Operated by L.T.D. EXPLORATIONS INC. (P-5 480259) in the JABONCILLOS CREEK (FRIO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4122District 04Field 45246333OilCasinghead gasSaveExport
Value, all time
$772 k
Jan 1993 – Nov 2005
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
155
no gaps in the span
Streams
2
oil, casinghead 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 14 leases and 40 wells, and the rule below applies to all of them.

Discovered
1955-05-29
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres.

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
OilDisposition41,113 bbl$771,150
Casinghead gasProduction144 Mcf$368
Total$771,518

48 Mcf of this lease's gas, across 48 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 (3)

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 27.5029, -98.2967. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

27.50250, -98.29659 · 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%
3 of 3 wells
With a plug date
100.0%
3 of 3 wells
Median depth
3,208 ft
3 wells filed one
Completion to plug
15.1 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
3100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
3100.0%
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

Between 3,200 and 8,104 ft, median 3,208 ft, over the 3 wells that filed a depth.

Completions filed
Nov 1981 – Jan 1988
2 of 3 wells; 1 filed none
Plug dates filed
Jan 1985 – Apr 2005
3 of 3 wells

Last completion to plug: a median of 15.1 years across the 2 wells that filed both dates, with the middle half between 10.8 years and 19.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-1310951843,200 ftJan 1985Yes
42-1313694178,104 ftJan 1988Sep 1994Yes
42-1313523053,208 ftNov 1981Apr 2005Yes

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 (155)

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

155 months

Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 2005173049.207.36$8,512
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040139.866.75$7
Nov 2004147145.286.33$6,662
Oct 2004290149.706.52$14,420
Sep 20040143.245.28$5
Aug 20040142.375.55$6
Jul 20040138.286.08$6
Jun 20040136.106.43$6
May 200450137.486.49$1,880
Apr 2004289134.475.86$9,968
Mar 20040134.365.53$6
Feb 20040132.455.51$6
Jan 20040132.036.30$6
Dec 20030130.266.30$6
Nov 20030128.804.60$5
Oct 20030128.174.76$5
Sep 20030126.314.75$5
Aug 20030129.765.13$5
Jul 20030129.415.17$5
Jun 20030128.565.98$6
May 20030126.595.97$6
Apr 2003120126.675.41$3,206
Mar 20030131.146.10$6
Feb 2003142133.487.93$4,762
Jan 2003155130.315.58$4,704
Dec 200292126.914.85$2,481
Nov 2002136124.664.14$3,358
Oct 2002294126.464.23$7,783
Sep 20020127.443.64$4
Aug 2002292125.963.16$7,583
Jul 2002146124.583.06$3,592
Jun 20020123.733.34$3
May 2002145124.663.58$3,579
Apr 2002290123.653.51$6,862
Mar 2002163122.003.10$3,589
Feb 2002294118.222.38$5,359
Jan 20020117.172.38$2
Dec 2001133116.932.36$2,254
Nov 2001297118.072.41$5,369
Oct 2001155119.782.53$3,068
Sep 2001134124.262.25$3,253
Aug 2001291124.873.05$7,240
Jul 20010123.933.20$3
Jun 2001145124.563.82$3,565
May 2001134125.524.31$3,424
Apr 2001288124.685.34$7,113
Mar 2001287124.545.38$7,048
Feb 2001132127.755.77$3,669
Jan 2001140127.478.40$3,854
Dec 2000319126.889.12$8,584
Nov 2000153132.215.66$4,934
Oct 2000293131.235.15$9,156
Sep 2000146131.875.19$4,658
Aug 2000248129.644.54$7,355
Jul 2000241128.534.09$6,880
Jun 2000133129.304.40$3,901
May 2000146127.263.68$3,984
Apr 2000276124.513.12$6,768
Mar 2000426128.422.86$12,110
Feb 2000160127.622.73$4,422
Jan 2000317125.272.48$8,013
Dec 1999324124.282.42$7,869
Nov 19990123.192.43$2
Oct 1999293120.982.80$6,150
Sep 19990121.752.62$3
Aug 1999130119.262.88$2,507
Jul 1999309117.892.37$5,530
Jun 1999156115.942.36$2,489
May 1999161115.792.32$2,545
Apr 1999321115.102.21$4,849
Mar 1999131112.471.84$1,635
Feb 199932119.981.82$3,205
Jan 1999323110.381.90$3,355
Dec 199831919.201.77$2,937
Nov 1998154110.892.19$1,679
Oct 1998319112.421.97$3,964
Sep 1998159112.592.08$2,004
Aug 1998314111.301.91$3,550
Jul 1998469111.742.24$5,508
Jun 1998160111.242.24$1,801
May 1998307112.622.21$3,877
Apr 1998321113.042.51$4,188
Mar 1998323112.802.31$4,137
Feb 1998160113.952.30$2,234
Jan 1998317114.702.15$4,662
Dec 1997323116.322.41$5,274
Nov 1997323118.193.09$5,878
Oct 1997322119.253.15$6,202
Sep 1997474117.742.95$8,412
Aug 1997162117.862.55$2,896
Jul 1997474117.582.25$8,335
Jun 1997303117.242.26$5,226
May 1997313118.972.31$5,940
Apr 1997311117.882.08$5,563
Mar 1997451118.951.94$8,548
Feb 1997154120.492.21$3,158
Jan 1997295123.483.54$6,930
Dec 1996322123.32$7,509
Nov 1996473121.97$10,392
Oct 1996473123.31$11,026
Sep 1996316122.22$7,022
Aug 1996317120.26$6,422
Jul 1996317119.55$6,197
Jun 1996477118.73$8,934
May 1996320119.43$6,218
Apr 1996479121.51$10,303
Mar 1996318119.38$6,163
Feb 1996461116.98$7,828
Jan 1996484117.07$8,262
Dec 1995485117.19$8,337
Nov 1995482116.00$7,712
Oct 1995483115.43$7,453
Sep 1995480116.18$7,766
Aug 1995485115.92$7,721
Jul 1995319115.24$4,862
Jun 1995484116.41$7,942
May 1995477117.56$8,376
Apr 1995482117.73$8,546
Mar 1995614116.44$10,094
Feb 1995323116.58$5,355
Jan 1995472115.92$7,514
Dec 1994484115.03$7,275
Nov 1994588115.90$9,349
Oct 1994477115.58$7,432
Sep 19940115.29$0
Aug 1994321116.13$5,178
Jul 1994610117.56$10,712
Jun 1994482117.09$8,237
May 1994643115.88$10,211
Apr 1994484114.14$6,844
Mar 1994647112.46$8,062
Feb 1994312112.50$3,900
Jan 1994605112.66$7,659
Dec 1993599112.33$7,386
Nov 1993514114.49$7,448
Oct 1993602115.85$9,542
Sep 1993549115.03$8,251
Aug 1993738115.66$11,557
Jul 1993761115.46$11,765
Jun 1993425116.79$7,136
May 1993591117.68$10,449
Apr 1993630118.05$11,372
Mar 1993549118.14$9,959
Feb 1993608117.90$10,883
Jan 1993643116.93$10,886

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.

Apr 2005 — as filed, then multipliedworked
Oil                  173 bbl  × $ 49.20 =     $8,512
Casinghead gas         0 Mcf  × $  7.36 =         $0

────────────────────────────────────────────────────
Month total                                   $8,512

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/O/4122 is the state's own key, not one this site invented.