PINNACLE

Operated by XTO ENERGY INC. (P-5 945936) 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 177778District 05Field 064768002 tax incentive programmesCondensateGasSaveExport
Value, all time
$743 k
Mar 2000 – Aug 2010
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
126
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 Gas112000-08-22141925
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
CondensateDisposition1,207 bbl$36,001
GasProduction141,790 Mcf$707,377
Total$743,378

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 31.3280, -96.3003. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.32795, -96.30027 · 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
0.0%
0 of 1 wells
Median depth
9,350 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 9,350 ft.

Completions filed
Sep 2009
1 of 1 wells

1 well

42-2893131449,350 ftSep 2009Yes

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 (126)

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

126 months

Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 201066070.364.91$4,644
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 20090767.423.22$23
Jul 200903761.133.46$128
Jun 200904066.163.90$156
May 200902854.743.93$110
Apr 20090046.773.59$0
Mar 200906042.144.06$244
Feb 200902032.814.63$93
Jan 200902935.865.37$156
Dec 200802437.105.98$143
Nov 200804555.496.86$309
Oct 200801175.246.92$76
Sep 2008030101.767.88$236
Aug 200804114.228.48$34
Jul 200801131.0811.39$11
Jun 200809131.3313.03$117
May 200806123.1711.57$69
Apr 2008013110.3110.45$136
Mar 200809101.909.66$87
Feb 20080992.538.77$79
Jan 20080190.388.21$8
Dec 20070188.337.30$7
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070375.846.24$19
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070359.617.81$23
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 200603756.656.92$256
Nov 200601154.207.62$84
Oct 200601954.906.01$114
Sep 20060960.085.04$45
Aug 200604568.717.34$330
Jul 200601169.376.34$70
Jun 200603466.286.38$217
May 200609866.016.42$630
Apr 20060064.397.36$0
Mar 2006038056.707.08$2,692
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
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 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
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 200202224.663.58$79
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 200201518.222.38$36
Jan 200203717.172.38$88
Dec 2001074016.932.36$1,750
Nov 2001033518.072.41$806
Oct 200102,11319.782.53$5,344
Sep 200101,14524.262.25$2,578
Aug 20011874,99924.873.05$19,913
Jul 200105,13323.933.20$16,411
Jun 200106,23124.563.82$23,828
May 20011846,86125.524.31$34,248
Apr 200107,11824.685.34$37,977
Mar 200107,65424.545.38$41,151
Feb 20011877,22227.755.77$46,839
Jan 200109,04427.478.40$75,958
Dec 20001987,83626.889.12$76,806
Nov 200008,81532.215.66$49,875
Oct 200018611,98431.235.15$67,472
Sep 200038,80531.875.19$45,763
Aug 200025,73929.644.54$26,119
Jul 20001935,78228.534.09$29,153
Jun 2000112,55729.304.40$55,246
May 2000019,23227.263.68$70,769
Apr 20000024.513.12$0
Mar 200001,33728.422.86$3,823

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.

Jun 2010 — as filed, then multipliedworked
Condensate            66 bbl  × $ 70.36 =     $4,644
Gas                    0 Mcf  × $  4.91 =         $0

────────────────────────────────────────────────────
Month total                                   $4,644

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/177778 is the state's own key, not one this site invented.