WORTHY

Operated by LEGACY RESERVES OPERATING LP (P-5 495445) in the BEAR GRASS (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 140128District 05Field 064768002 tax incentive programmesCondensateGasSaveExport
Value, all time
$747 k
Jan 1993 – Jul 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
295
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 271 leases and 271 wells, and the rule below applies to all of them.

Discovered
1980-03-18
as the register files it
Field class
Gas
the register's own label
Between wells
600 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2007-09-11.

The Commission's schedule remark for this field reads: FOR PRORATION PURPOSES.

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
High Cost Gas111993-04-14125492
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
CondensateDisposition799 bbl$27,388
GasProduction597,426 Mcf$719,722
Total$747,111

378,516 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 (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 31.4503, -96.2135. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45031, -96.21349 · 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
10,250 ft
1 wells filed one
Completion to plug
25.8 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 10,250 ft.

Completions filed
Oct 1991
1 of 1 wells
Plug dates filed
Jul 2017
1 of 1 wells

Last completion to plug: a median of 25.8 years across the 1 well that filed both dates, with the middle half between 25.8 years and 25.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-16131166110,250 ftOct 1991Jul 2017Yes

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 (295)

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

295 months

Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 201598040.162.87$3,936
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
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 20130093.623.91$0
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 201003073.585.44$163
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 200901472.544.11$58
Sep 20090065.543.06$0
Aug 200903667.423.22$116
Jul 20090561.133.46$17
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 200913946.773.59$187
Mar 2009029242.144.06$1,185
Feb 200903232.814.63$148
Jan 200906635.865.37$354
Dec 200802437.105.98$143
Nov 200804055.496.86$274
Oct 20080075.246.92$0
Sep 2008063101.767.88$496
Aug 200800114.228.48$0
Jul 2008025131.0811.39$285
Jun 20080108131.3313.03$1,408
May 20089938123.1711.57$12,634
Apr 2008057110.3110.45$596
Mar 2008063101.909.66$609
Feb 200805192.538.77$447
Jan 200804890.388.21$394
Dec 200702388.337.30$168
Nov 20070091.677.29$0
Oct 200702782.856.92$187
Sep 200702275.846.24$137
Aug 20070069.066.39$0
Jul 200702070.906.39$128
Jun 20070162.007.55$8
May 200711858.747.85$200
Apr 200701259.617.81$94
Mar 200701456.927.30$102
Feb 20070055.108.22$0
Jan 200702350.306.73$155
Dec 200604156.656.92$284
Nov 200602154.207.62$160
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 200604468.717.34$323
Jul 20060069.376.34$0
Jun 200644966.286.38$578
May 200608966.016.42$572
Apr 2006016164.397.36$1,185
Mar 2006043256.707.08$3,060
Feb 2006052957.597.75$4,100
Jan 2006011260.598.93$1,001
Dec 2005070754.9413.42$9,485
Nov 2005020854.6910.59$2,202
Oct 2005011058.3413.80$1,518
Sep 200508361.4512.08$1,003
Aug 2005020061.519.80$1,959
Jul 200508255.697.84$643
Jun 2005018052.337.38$1,329
May 2005031045.226.65$2,062
Apr 2005026849.207.36$1,973
Mar 2005015750.377.15$1,123
Feb 2005022145.226.31$1,395
Jan 2005038543.166.32$2,434
Dec 2004035739.866.75$2,410
Nov 2004045745.286.33$2,893
Oct 2004037549.706.52$2,443
Sep 2004032843.245.28$1,733
Aug 2004023542.375.55$1,304
Jul 2004037138.286.08$2,257
Jun 2004042936.106.43$2,760
May 2004067737.486.49$4,397
Apr 2004076134.475.86$4,458
Mar 2004080634.365.53$4,457
Feb 200401,07032.455.51$5,895
Jan 2004090132.036.30$5,676
Dec 200301,65330.266.30$10,417
Nov 2003092228.804.60$4,237
Oct 200301,01428.174.76$4,826
Sep 2003088326.314.75$4,194
Aug 2003057529.765.13$2,950
Jul 2003070829.415.17$3,661
Jun 200311,25128.565.98$7,513
May 200301,37226.595.97$8,195
Apr 200301,37026.675.41$7,408
Mar 200301,37431.146.10$8,376
Feb 200301,46233.487.93$11,588
Jan 200301,33530.315.58$7,452
Dec 200201,10626.914.85$5,368
Nov 2002071724.664.14$2,966
Oct 2002089826.464.23$3,798
Sep 200201,63227.443.64$5,933
Aug 200201,48225.963.16$4,689
Jul 200201,06124.583.06$3,249
Jun 200201,24523.733.34$4,156
May 200201,59824.663.58$5,727
Apr 2002082423.653.51$2,894
Mar 200201,76222.003.10$5,467
Feb 200201,74418.222.38$4,143
Jan 200203,40017.172.38$8,077
Dec 200102,55216.932.36$6,034
Nov 200101,82518.072.41$4,390
Oct 200124,21919.782.53$10,709
Sep 200124,98824.262.25$11,278
Aug 200103,91224.873.05$11,944
Jul 200105,52123.933.20$17,651
Jun 200106,35424.563.82$24,299
May 200106,78125.524.31$29,208
Apr 200101,41024.685.34$7,523
Mar 200101,25924.545.38$6,769
Feb 2001083727.755.77$4,827
Jan 200101,52927.478.40$12,842
Dec 2000098026.889.12$8,940
Nov 200001,38632.215.66$7,842
Oct 200001,50831.235.15$7,759
Sep 200001,21731.875.19$6,312
Aug 200001,44729.644.54$6,570
Jul 2000064628.534.09$2,642
Jun 2000070029.304.40$3,078
May 200001,81227.263.68$6,668
Apr 200003,08424.513.12$9,610
Mar 200003,36728.422.86$9,629
Feb 200001,50727.622.73$4,109
Jan 2000042425.272.48$1,052
Dec 199921,77924.282.42$4,360
Nov 199903,07623.192.43$7,487
Oct 199903,53320.982.80$9,906
Sep 199903,61221.752.62$9,459
Aug 199902,83319.262.88$8,147
Jul 1999084017.892.37$1,993
Jun 1999072015.942.36$1,701
May 199901,06815.792.32$2,479
Apr 199901,89415.102.21$4,182
Mar 199904,02312.471.84$7,396
Feb 1999009.981.82$0
Jan 199903,98610.381.90$7,573
Dec 199803,5269.201.77$6,253
Nov 199802,96310.892.19$6,476
Oct 199803,06512.421.97$6,036
Sep 199802,99912.592.08$6,246
Aug 199803,37611.301.91$6,439
Jul 199803,65711.742.24$8,182
Jun 199803,65211.242.24$8,171
May 199803,50112.622.21$7,724
Apr 199802,80813.042.51$7,035
Mar 199802,43812.802.31$5,630
Feb 199805,28513.952.30$12,151
Jan 199802,68314.702.15$5,781
Dec 199702,05916.322.41$4,964
Nov 199702,33118.193.09$7,199
Oct 199703,27519.253.15$10,316
Sep 199703,61717.742.95$10,688
Aug 199704,17817.862.55$10,674
Jul 199704,43317.582.25$9,961
Jun 199704,16117.242.26$9,392
May 199704,79618.972.31$11,072
Apr 199704,38517.882.08$9,133
Mar 199705,35118.951.94$10,376
Feb 199704,70920.492.21$10,388
Jan 199705,29823.483.54$18,753
Dec 199604,55623.32$0
Nov 19961794,65321.97$3,933
Oct 199603,64323.31$0
Sep 199603,39322.22$0
Aug 199624,78620.26$41
Jul 199605,67019.55$0
Jun 199604,72418.73$0
May 199605,04719.43$0
Apr 199685,83521.51$172
Mar 199605,28719.38$0
Feb 199605,91316.98$0
Jan 199605,47717.07$0
Dec 199506,16217.19$0
Nov 199504,99916.00$0
Oct 199505,52915.43$0
Sep 199506,00816.18$0
Aug 199506,45315.92$0
Jul 199505,90115.24$0
Jun 199505,69816.41$0
May 199506,85717.56$0
Apr 199505,77617.73$0
Mar 199506,52616.44$0
Feb 199506,80916.58$0
Jan 199506,98815.92$0
Dec 199406,98815.03$0
Nov 199497,28815.90$143
Oct 199407,56615.58$0
Sep 199417,57115.29$15
Aug 199417,97516.13$16
Jul 19941898,10617.56$3,319
Jun 199418,00917.09$17
May 199408,38215.88$0
Apr 199418,33614.14$14
Mar 199438,42012.46$37
Feb 199409,46512.50$0
Jan 1994211,65412.66$25
Dec 199379,93312.33$86
Nov 199309,07914.49$0
Oct 1993011,58815.85$0
Sep 1993010,52115.03$0
Aug 1993011,92415.66$0
Jul 199317511,77415.46$2,706
Jun 1993011,95216.79$0
May 1993011,79517.68$0
Apr 19931111,77018.05$199
Mar 1993016,08618.14$0
Feb 1993013,18817.90$0
Jan 1993016,45616.93$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.

Aug 2015 — as filed, then multipliedworked
Condensate            98 bbl  × $ 40.16 =     $3,936
Gas                    0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                   $3,936

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. 05/G/140128 is the state's own key, not one this site invented.