TEAGUE GAS UNIT #2

Name: TEAGUE GAS UNIT #2 lease production and value, Sep 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the TEAGUE (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 147201District 05Field 88576700CondensateGasSave Export

Value, all time

$222 k

Sep 1993 – Aug 2007

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

168

no gaps in the span

Streams

condensate, gas

The TEAGUE (TRAVIS PEAK) field

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 55 leases and 55 wells, and the rule below applies to all of them.

Discovered

1973-09-01

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 2006-06-06.

The Commission's schedule remark for this field reads: “PURPOSES.”

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.

Stream	Basis	Volume	Value
Condensate	Disposition	19 bbl	$1,251
Gas	Production	118,832 Mcf	$220,860
Total			$222,111

50,421 Mcf of this lease's gas, across 37 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 31.6480, -96.3463. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.64802, -96.34628 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

11,550 ft

1 wells filed one

Completion to plug

8.3 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 11,550 ft.

Completions filed

Aug 2007

1 of 1 wells

Plug dates filed

Dec 2015

1 of 1 wells

Last completion to plug: a median of 8.3 years across the 1 well that filed both dates, with the middle half between 8.3 years and 8.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-16130483	1	11,550 ft	Aug 2007	Dec 2015	Yes

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 (168)

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

168 months


Aug 2007	1	1	69.06	6.39	$75
Jul 2007	8	9	70.90	6.39	$625
Jun 2007	0	9	62.00	7.55	$68
May 2007	0	2	58.74	7.85	$16
Apr 2007	0	28	59.61	7.81	$219
Mar 2007	0	13	56.92	7.30	$95
Feb 2007	0	72	55.10	8.22	$592
Jan 2007	0	8	50.30	6.73	$54
Dec 2006	0	31	56.65	6.92	$214
Nov 2006	0	10	54.20	7.62	$76
Oct 2006	0	36	54.90	6.01	$217
Sep 2006	0	12	60.08	5.04	$60
Aug 2006	0	11	68.71	7.34	$81
Jul 2006	0	30	69.37	6.34	$190
Jun 2006	3	18	66.28	6.38	$314
May 2006	6	7	66.01	6.42	$441
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	2	57.59	7.75	$16
Jan 2006	0	2	60.59	8.93	$18
Dec 2005	0	10	54.94	13.42	$134
Nov 2005	0	11	54.69	10.59	$116
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	42	61.45	12.08	$507
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	49	55.69	7.84	$384
Jun 2005	0	15	52.33	7.38	$111
May 2005	0	19	45.22	6.65	$126
Apr 2005	0	124	49.20	7.36	$913
Mar 2005	0	47	50.37	7.15	$336
Feb 2005	0	47	45.22	6.31	$297
Jan 2005	0	15	43.16	6.32	$95
Dec 2004	0	81	39.86	6.75	$547
Nov 2004	0	41	45.28	6.33	$260
Oct 2004	0	68	49.70	6.52	$443
Sep 2004	0	8	43.24	5.28	$42
Aug 2004	0	195	42.37	5.55	$1,082
Jul 2004	0	123	38.28	6.08	$748
Jun 2004	0	218	36.10	6.43	$1,402
May 2004	0	193	37.48	6.49	$1,253
Apr 2004	0	211	34.47	5.86	$1,236
Mar 2004	0	315	34.36	5.53	$1,742
Feb 2004	0	543	32.45	5.51	$2,992
Jan 2004	0	375	32.03	6.30	$2,362
Dec 2003	0	415	30.26	6.30	$2,615
Nov 2003	0	324	28.80	4.60	$1,489
Oct 2003	0	487	28.17	4.76	$2,318
Sep 2003	0	435	26.31	4.75	$2,066
Aug 2003	0	157	29.76	5.13	$805
Jul 2003	0	369	29.41	5.17	$1,908
Jun 2003	0	606	28.56	5.98	$3,626
May 2003	0	289	26.59	5.97	$1,726
Apr 2003	0	577	26.67	5.41	$3,120
Mar 2003	0	455	31.14	6.10	$2,774
Feb 2003	0	456	33.48	7.93	$3,614
Jan 2003	0	318	30.31	5.58	$1,775
Dec 2002	0	478	26.91	4.85	$2,320
Nov 2002	0	727	24.66	4.14	$3,008
Oct 2002	0	680	26.46	4.23	$2,876
Sep 2002	0	340	27.44	3.64	$1,236
Aug 2002	0	398	25.96	3.16	$1,259
Jul 2002	0	481	24.58	3.06	$1,473
Jun 2002	0	370	23.73	3.34	$1,235
May 2002	0	1,015	24.66	3.58	$3,638
Apr 2002	0	677	23.65	3.51	$2,378
Mar 2002	0	159	22.00	3.10	$493
Feb 2002	0	417	18.22	2.38	$991
Jan 2002	0	405	17.17	2.38	$962
Dec 2001	0	165	16.93	2.36	$390
Nov 2001	0	454	18.07	2.41	$1,092
Oct 2001	0	21	19.78	2.53	$53
Sep 2001	0	374	24.26	2.25	$842
Aug 2001	0	531	24.87	3.05	$1,621
Jul 2001	0	407	23.93	3.20	$1,301
Jun 2001	0	356	24.56	3.82	$1,361
May 2001	0	492	25.52	4.31	$2,119
Apr 2001	0	593	24.68	5.34	$3,164
Mar 2001	0	591	24.54	5.38	$3,177
Feb 2001	0	405	27.75	5.77	$2,336
Jan 2001	0	285	27.47	8.40	$2,394
Dec 2000	0	245	26.88	9.12	$2,235
Nov 2000	0	259	32.21	5.66	$1,465
Oct 2000	0	605	31.23	5.15	$3,113
Sep 2000	0	523	31.87	5.19	$2,713
Aug 2000	0	662	29.64	4.54	$3,006
Jul 2000	0	792	28.53	4.09	$3,239
Jun 2000	0	630	29.30	4.40	$2,770
May 2000	0	952	27.26	3.68	$3,503
Apr 2000	0	641	24.51	3.12	$1,997
Mar 2000	0	988	28.42	2.86	$2,825
Feb 2000	0	1,111	27.62	2.73	$3,029
Jan 2000	0	638	25.27	2.48	$1,583
Dec 1999	0	111	24.28	2.42	$269
Nov 1999	0	501	23.19	2.43	$1,219
Oct 1999	0	57	20.98	2.80	$160
Sep 1999	0	363	21.75	2.62	$951
Aug 1999	0	250	19.26	2.88	$719
Jul 1999	0	586	17.89	2.37	$1,390
Jun 1999	0	94	15.94	2.36	$222
May 1999	0	413	15.79	2.32	$959
Apr 1999	0	507	15.10	2.21	$1,119
Mar 1999	0	636	12.47	1.84	$1,169
Feb 1999	0	444	9.98	1.82	$807
Jan 1999	0	487	10.38	1.90	$925
Dec 1998	0	703	9.20	1.77	$1,247
Nov 1998	0	482	10.89	2.19	$1,054
Oct 1998	0	780	12.42	1.97	$1,536
Sep 1998	0	840	12.59	2.08	$1,749
Aug 1998	0	933	11.30	1.91	$1,780
Jul 1998	0	424	11.74	2.24	$949
Jun 1998	0	1,178	11.24	2.24	$2,636
May 1998	0	1,126	12.62	2.21	$2,484
Apr 1998	0	1,433	13.04	2.51	$3,590
Mar 1998	0	1,656	12.80	2.31	$3,824
Feb 1998	0	1,338	13.95	2.30	$3,076
Jan 1998	0	1,650	14.70	2.15	$3,555
Dec 1997	0	1,754	16.32	2.41	$4,229
Nov 1997	0	1,691	18.19	3.09	$5,222
Oct 1997	0	1,800	19.25	3.15	$5,670
Sep 1997	0	1,906	17.74	2.95	$5,632
Aug 1997	0	1,924	17.86	2.55	$4,915
Jul 1997	0	1,754	17.58	2.25	$3,941
Jun 1997	0	2,343	17.24	2.26	$5,289
May 1997	0	2,225	18.97	2.31	$5,136
Apr 1997	0	2,163	17.88	2.08	$4,505
Mar 1997	0	2,257	18.95	1.94	$4,377
Feb 1997	0	2,043	20.49	2.21	$4,507
Jan 1997	0	2,753	23.48	3.54	$9,745
Dec 1996	0	2,527	23.32	—	$0
Nov 1996	0	2,723	21.97	—	$0
Oct 1996	0	3,122	23.31	—	$0
Sep 1996	0	3,180	22.22	—	$0
Aug 1996	0	3,539	20.26	—	$0
Jul 1996	0	4,780	19.55	—	$0
Jun 1996	0	4,517	18.73	—	$0
May 1996	1	2,382	19.43	—	$19
Apr 1996	0	0	21.51	—	$0
Mar 1996	0	3	19.38	—	$0
Feb 1996	0	21	16.98	—	$0
Jan 1996	0	59	17.07	—	$0
Dec 1995	0	76	17.19	—	$0
Nov 1995	0	250	16.00	—	$0
Oct 1995	0	134	15.43	—	$0
Sep 1995	0	301	16.18	—	$0
Aug 1995	0	108	15.92	—	$0
Jul 1995	0	0	15.24	—	$0
Jun 1995	0	52	16.41	—	$0
May 1995	0	254	17.56	—	$0
Apr 1995	0	263	17.73	—	$0
Mar 1995	0	64	16.44	—	$0
Feb 1995	0	187	16.58	—	$0
Jan 1995	0	194	15.92	—	$0
Dec 1994	0	546	15.03	—	$0
Nov 1994	0	748	15.90	—	$0
Oct 1994	0	20	15.58	—	$0
Sep 1994	0	0	15.29	—	$0
Aug 1994	0	224	16.13	—	$0
Jul 1994	0	689	17.56	—	$0
Jun 1994	0	477	17.09	—	$0
May 1994	0	1,012	15.88	—	$0
Apr 1994	0	1,059	14.14	—	$0
Mar 1994	0	1,370	12.46	—	$0
Feb 1994	0	1,074	12.50	—	$0
Jan 1994	0	1,718	12.66	—	$0
Dec 1993	0	2,617	12.33	—	$0
Nov 1993	0	2,431	14.49	—	$0
Oct 1993	0	4,963	15.85	—	$0
Sep 1993	0	2,737	15.03	—	$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 2007 — as filed, then multipliedworked

Condensate             1 bbl  × $ 69.06 =        $69
Gas                    1 Mcf  × $  6.39 =         $6

────────────────────────────────────────────────────
Month total                                      $75

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/147201 is the state's own key, not one this site invented.