BEAVER UNIT #1

Operated by PALMER PETROLEUM INC. (P-5 636222) in the AVENTURA RANCH (JAMES LIME) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 166309District 05Field 04492350CondensateGasSave
Value, all time
$4.0 M
Nov 1997 – Aug 2012
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
178
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition27,348 bbl$732,890
GasProduction880,047 Mcf$3,244,777
Total$3,977,666

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 32.4133, -95.8686. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.41326, -95.86859 · 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
8,710 ft
1 wells filed one
Completion to plug
14.8 years
median over 1 wells

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 8,710 ft.

Completions filed
Nov 1997
1 of 1 wells
Plug dates filed
Aug 2012
1 of 1 wells

Last completion to plug: a median of 14.8 years across the 1 well that filed both dates, with the middle half between 14.8 years and 14.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4673098828,710 ftNov 1997Aug 2012Yes

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 (178)

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

178 months

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 2012690101.102.57$6,976
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 2011075094.144.52$3,388
Jun 201118869292.904.64$20,676
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 2011028896.364.06$1,169
Feb 2011034985.644.18$1,459
Jan 2011026786.504.59$1,225
Dec 201019749385.734.35$19,032
Nov 2010058780.843.80$2,228
Oct 2010081678.103.51$2,863
Sep 2010048372.633.98$1,922
Aug 2010053773.684.42$2,373
Jul 2010065672.554.74$3,107
Jun 2010058170.364.91$2,853
May 201018790171.124.24$17,115
Apr 2010091581.694.12$3,772
Mar 2010084078.394.39$3,686
Feb 2010074773.585.44$4,065
Jan 2010041874.365.96$2,493
Dec 2009022671.445.48$1,239
Nov 2009033274.593.75$1,246
Oct 20091921,12872.544.11$18,564
Sep 200901,01265.543.06$3,102
Aug 200901,20167.423.22$3,865
Jul 2009086261.133.46$2,986
Jun 200901,00366.163.90$3,907
May 200919193054.743.93$14,106
Apr 2009089246.773.59$3,200
Mar 2009066242.144.06$2,687
Feb 2009068132.814.63$3,155
Jan 2009063235.865.37$3,394
Dec 2008021237.105.98$1,267
Nov 2008042355.496.86$2,902
Oct 200817682475.246.92$18,946
Sep 20080793101.767.88$6,247
Aug 20080967114.228.48$8,203
Jul 20080932131.0811.39$10,615
Jun 2008183796131.3313.03$34,407
May 20080801123.1711.57$9,271
Apr 20080853110.3110.45$8,918
Mar 20080816101.909.66$7,886
Feb 200818578492.538.77$23,994
Jan 2008072690.388.21$5,957
Dec 2007072188.337.30$5,265
Nov 2007064691.677.29$4,710
Oct 200701,04882.856.92$7,254
Sep 200701,18175.846.24$7,374
Aug 20071781,11069.066.39$19,383
Jul 200701,16570.906.39$7,442
Jun 200701,49662.007.55$11,292
May 200701,34158.747.85$10,522
Apr 20071881,69559.617.81$24,436
Mar 20071791,92656.927.30$24,252
Feb 200701,61855.108.22$13,293
Jan 200701,67350.306.73$11,254
Dec 20061891,81356.656.92$23,250
Nov 200601,61654.207.62$12,310
Oct 200601,89054.906.01$11,366
Sep 20061781,74560.085.04$19,484
Aug 200601,77968.717.34$13,058
Jul 200601,37069.376.34$8,690
Jun 2006052266.286.38$3,332
May 200601,11866.016.42$7,183
Apr 20061851,40664.397.36$22,261
Mar 2006090056.707.08$6,375
Feb 20061831,41557.597.75$21,507
Jan 200601,84660.598.93$16,491
Dec 200501,53954.9413.42$20,646
Nov 20051931,52654.6910.59$26,713
Oct 200502,23158.3413.80$30,778
Sep 20051822,53961.4512.08$41,852
Aug 200502,48961.519.80$24,384
Jul 20051992,76755.697.84$32,786
Jun 200502,27552.337.38$16,792
May 200501,73945.226.65$11,566
Apr 2005065049.207.36$4,784
Mar 200501,66450.377.15$11,906
Feb 20051791,78645.226.31$19,367
Jan 200502,74943.166.32$17,380
Dec 200402,25539.866.75$15,224
Nov 200401,84445.286.33$11,673
Oct 20041802,74049.706.52$26,797
Sep 200402,67843.245.28$14,150
Aug 2004038642.375.55$2,143
Jul 200402,38338.286.08$14,499
Jun 200402,41736.106.43$15,549
May 200402,61637.486.49$16,990
Apr 20041812,71434.475.86$22,139
Mar 200403,20034.365.53$17,696
Feb 20041803,28832.455.51$23,957
Jan 200403,89532.036.30$24,537
Dec 20031803,33330.266.30$26,450
Nov 200301,31928.804.60$6,061
Oct 20031892,22428.174.76$15,910
Sep 200302,96826.314.75$14,096
Aug 20031874,01129.765.13$26,140
Jul 200304,38129.415.17$22,653
Jun 200303,86028.565.98$23,094
May 20031893,14326.595.97$23,798
Apr 200302,57726.675.41$13,935
Mar 20031822,73731.146.10$22,352
Feb 20031962,12133.487.93$23,373
Jan 20031975,90930.315.58$38,955
Dec 200204,57426.914.85$22,201
Nov 20021903,38724.664.14$18,697
Oct 20021945,65026.464.23$29,028
Sep 20021562,51727.443.64$13,430
Aug 20021905,03525.963.16$20,864
Jul 20021934,55824.583.06$18,699
Jun 20021843,59023.733.34$16,351
May 20021967,52024.663.58$31,785
Apr 20023763,72523.653.51$21,976
Mar 20021974,18222.003.10$17,310
Feb 20025325,59418.222.38$22,983
Jan 20021917,26417.172.38$20,536
Dec 20011946,15516.932.36$17,837
Nov 20013916,91118.072.41$23,690
Oct 20013857,65619.782.53$26,976
Sep 20011955,51224.262.25$17,140
Aug 20011918,90824.873.05$31,948
Jul 20011889,24423.933.20$34,053
Jun 20013587,04824.563.82$35,745
May 20013607,54725.524.31$41,695
Apr 200139210,68724.685.34$66,693
Mar 200157312,50824.545.38$81,310
Feb 200136912,06727.755.77$79,831
Jan 200157012,22927.478.40$118,366
Dec 20003476,93526.889.12$72,592
Nov 200008,04232.215.66$45,502
Oct 2000011,82331.235.15$60,835
Sep 200038113,24731.875.19$80,848
Aug 200037613,45229.644.54$72,227
Jul 200019014,90628.534.09$66,383
Jun 200039113,33829.304.40$70,107
May 200019511,25327.263.68$46,724
Apr 200019610,08824.513.12$36,238
Mar 20003849,19928.422.86$37,220
Feb 200038111,76927.622.73$42,611
Jan 20003889,76725.272.48$34,032
Dec 199937614,29624.282.42$43,779
Nov 199938715,54823.192.43$46,818
Oct 199938914,28620.982.80$48,215
Sep 199937811,71321.752.62$38,896
Aug 199919511,22619.262.88$36,037
Jul 199919010,32517.892.37$27,894
Jun 19993769,82615.942.36$29,203
May 199936812,79715.792.32$35,513
Apr 199957917,45115.102.21$47,276
Mar 19993578,40012.471.84$19,894
Feb 19993758,3889.981.82$18,990
Jan 199905,86310.381.90$11,139
Dec 199803,8519.201.77$6,829
Nov 19985467,93010.892.19$23,279
Oct 199838816,03312.421.97$36,391
Sep 199856215,95112.592.08$40,295
Aug 199877720,11111.301.91$47,139
Jul 199859116,83111.742.24$44,594
Jun 199874128,82511.242.24$72,818
May 199856920,65112.622.21$52,744
Apr 199872730,93613.042.51$86,985
Mar 199888428,92512.802.31$78,116
Feb 19981,14133,75213.952.30$93,517
Jan 199896537,17114.702.15$94,281
Dec 19973118,40616.322.41$44,885
Nov 199707,86718.193.09$24,295

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.

Feb 2012 — as filed, then multipliedworked
Condensate            69 bbl  × $101.10 =     $6,976
Gas                    0 Mcf  × $  2.57 =         $0

────────────────────────────────────────────────────
Month total                                   $6,976

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/166309 is the state's own key, not one this site invented.