PALACIOS

Operated by NEWMAN OPERATING COMPANY (P-5 607391) in the BUENA SUERTE, N. (TINNEY FB-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 6209District 04Field 13019500OilCasinghead gasSaveExport
Value, all time
$807 k
Jan 1993 – Feb 2014
Value, last 12 filed months
$25 k
at the published price for each month
Months reported
254
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 1 leases and 2 wells, and the rule below applies to all of them.

Discovered
1962-05-11
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres.

The Commission's schedule remark for this field reads: TRANS. FROM BUENA SUERTE, N. FB2/ TINNEY SAND / FLD., 5-1-65.

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
OilDisposition24,671 bbl$806,820
Casinghead gasProduction7,059 Mcf$0
Total$806,820

7,059 Mcf of this lease's gas, across 27 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 (2)

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 27.4382, -98.3577. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

27.43823, -98.35765 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
5,710 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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 5,630 and 5,789 ft, median 5,710 ft, over the 2 wells that filed a depth.

Plug dates filed
Sep 2013
2 of 2 wells

2 wells

42-1310071715,630 ftSep 2013Yes
42-1311089525,789 ftSep 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 (254)

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

254 months

Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 2013152097.423.78$14,808
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 2013113093.623.91$10,579
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
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 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 2009155066.163.90$10,255
May 2009161054.743.93$8,813
Apr 20090046.773.59$0
Mar 2009176042.144.06$7,417
Feb 20090032.814.63$0
Jan 2009167035.865.37$5,989
Dec 2008176037.105.98$6,530
Nov 20080055.496.86$0
Oct 2008158075.246.92$11,888
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 20081760131.0811.39$23,070
Jun 200800131.3313.03$0
May 20081680123.1711.57$20,693
Apr 20081680110.3110.45$18,532
Mar 200800101.909.66$0
Feb 2008160092.538.77$14,805
Jan 2008180090.388.21$16,268
Dec 20070088.337.30$0
Nov 2007172091.677.29$15,767
Oct 2007164082.856.92$13,587
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 2007179056.927.30$10,189
Feb 20070055.108.22$0
Jan 2007179050.306.73$9,004
Dec 20060056.656.92$0
Nov 2006181054.207.62$9,810
Oct 20060054.906.01$0
Sep 2006174060.085.04$10,454
Aug 20060068.717.34$0
Jul 2006180069.376.34$12,487
Jun 2006172066.286.38$11,400
May 20060066.016.42$0
Apr 2006179064.397.36$11,526
Mar 2006180056.707.08$10,206
Feb 20060057.597.75$0
Jan 2006180060.598.93$10,906
Dec 2005152054.9413.42$8,351
Nov 2005179054.6910.59$9,790
Oct 2005178058.3413.80$10,385
Sep 2005177061.4512.08$10,877
Aug 2005180061.519.80$11,072
Jul 2005177055.697.84$9,857
Jun 2005178052.337.38$9,315
May 2005178045.226.65$8,049
Apr 20050049.207.36$0
Mar 2005346050.377.15$17,428
Feb 20050045.226.31$0
Jan 2005179043.166.32$7,726
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 2004177049.706.52$8,797
Sep 2004357043.245.28$15,437
Aug 2004177042.375.55$7,499
Jul 2004178038.286.08$6,814
Jun 2004177036.106.43$6,390
May 2004180037.486.49$6,746
Apr 2004181034.475.86$6,239
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 2004364032.036.30$11,659
Dec 2003180030.266.30$5,447
Nov 20030028.804.60$0
Oct 2003358028.174.76$10,085
Sep 2003179026.314.75$4,709
Aug 2003180029.765.13$5,357
Jul 2003181029.415.17$5,323
Jun 2003179028.565.98$5,112
May 2003181026.595.97$4,813
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 2003182033.487.93$6,093
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 2002179022.003.10$3,938
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 2001179018.072.41$3,235
Oct 2001179019.782.53$3,541
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 2001181025.524.31$4,619
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 2000182026.889.12$4,892
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 2000131029.644.54$3,883
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 2000178027.622.73$4,916
Jan 2000366025.272.48$9,249
Dec 19990024.282.42$0
Nov 1999181023.192.43$4,197
Oct 1999359020.982.80$7,532
Sep 19990021.752.62$0
Aug 1999359019.262.88$6,914
Jul 19990017.892.37$0
Jun 1999183015.942.36$2,917
May 1999179015.792.32$2,826
Apr 1999177015.102.21$2,673
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 1999360010.381.90$3,737
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 1998182012.421.97$2,260
Sep 1998178012.592.08$2,241
Aug 1998357011.301.91$4,034
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 1998181013.042.51$2,360
Mar 1998180012.802.31$2,304
Feb 1998183013.952.30$2,553
Jan 1998182014.702.15$2,675
Dec 1997183016.322.41$2,987
Nov 1997145018.193.09$2,638
Oct 1997365019.253.15$7,026
Sep 1997364017.742.95$6,457
Aug 1997361017.862.55$6,447
Jul 1997362017.582.25$6,364
Jun 1997360017.242.26$6,206
May 1997808018.972.31$15,328
Apr 19970017.882.08$0
Mar 1997531018.951.94$10,062
Feb 1997653020.492.21$13,380
Jan 1997347023.483.54$8,148
Dec 199651321123.32$11,963
Nov 199651164621.97$11,227
Oct 19966661,11523.31$15,524
Sep 19965181,26922.22$11,510
Aug 19966571,72820.26$13,311
Jul 19966902,06919.55$13,490
Jun 1996691018.73$12,942
May 1996327019.43$6,354
Apr 1996153021.51$3,291
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 1995138017.19$2,372
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 199575017.73$1,330
Mar 19950016.44$0
Feb 1995148016.58$2,454
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 1994137015.58$2,134
Sep 19940115.29$0
Aug 19940116.13$0
Jul 19940117.56$0
Jun 1994114117.09$1,948
May 19940115.88$0
Apr 19940114.14$0
Mar 1994158112.46$1,969
Feb 19940112.50$0
Jan 19940112.66$0
Dec 19930112.33$0
Nov 1993170114.49$2,463
Oct 19930115.85$0
Sep 19930115.03$0
Aug 19930115.66$0
Jul 19930115.46$0
Jun 1993153116.79$2,569
May 19930117.68$0
Apr 19930118.05$0
Mar 19930118.14$0
Feb 1993172117.90$3,079
Jan 19930116.93$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.

Oct 2013 — as filed, then multipliedworked
Oil                  152 bbl  × $ 97.42 =    $14,808
Casinghead gas         0 Mcf  × $  3.78 =         $0

────────────────────────────────────────────────────
Month total                                  $14,808

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/6209 is the state's own key, not one this site invented.