PRESLEY SADLER GAS UNIT

Name: PRESLEY SADLER GAS UNIT lease production and value, May 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by LINN OPERATING, INC. (P-5 501545) in the PERSONVILLE, N (CV CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 183579District 05Field 707944752 tax incentive programmesCondensateGasSave Export

Value, all time

$3.6 M

May 2001 – Apr 2016

Value, last 12 filed months

$40 k

at the published price for each month

Months reported

180

no gaps in the span

Streams

condensate, gas

The PERSONVILLE, N (CV CONSOLIDATED) 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 292 leases and 292 wells, and the rule below applies to all of them.

Discovered

2000-06-22

as the register files it

Field class

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 80 acres. The field rule took effect on 2000-06-22.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 01/01/2001.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2001-09-10	144808
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	15,902 bbl	$957,246
Gas	Production	554,193 Mcf	$2,658,196
Total			$3,615,442

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 31.4036, -96.4767. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.40360, -96.47665 · 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

0.0%

0 of 1 wells

Median depth

11,700 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 11,700 ft.

Completions filed

Apr 2016

1 of 1 wells

1 well


42-29331376	8	11,700 ft	Apr 2016	—	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 (180)

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

180 months


Apr 2016	33	0	36.56	1.99	$1,206
Mar 2016	41	592	33.01	1.79	$2,415
Feb 2016	16	862	26.47	2.06	$2,202
Jan 2016	20	714	27.35	2.36	$2,235
Dec 2015	30	1,186	32.36	2.00	$3,344
Nov 2015	14	1,107	38.79	2.17	$2,942
Oct 2015	14	1,211	43.55	2.43	$3,548
Sep 2015	13	1,149	42.99	2.76	$3,728
Aug 2015	13	1,210	40.16	2.87	$3,998
Jul 2015	25	1,153	48.15	2.95	$4,599
Jun 2015	32	1,171	56.15	2.88	$5,173
May 2015	13	1,220	55.21	2.96	$4,323
Apr 2015	24	1,327	49.82	2.71	$4,787
Mar 2015	27	1,356	42.89	2.93	$5,138
Feb 2015	38	1,091	44.66	2.98	$4,944
Jan 2015	27	1,209	43.43	3.10	$4,921
Dec 2014	36	5,440	54.69	3.59	$21,506
Nov 2014	35	1,145	70.46	4.25	$7,334
Oct 2014	33	1,352	78.30	3.90	$7,858
Sep 2014	42	1,363	86.16	4.05	$9,133
Aug 2014	52	1,037	89.39	4.04	$8,833
Jul 2014	78	1,477	96.56	4.18	$13,705
Jun 2014	51	1,208	98.16	4.74	$10,728
May 2014	60	1,351	94.73	4.73	$12,069
Apr 2014	95	1,202	95.94	4.81	$14,895
Mar 2014	145	1,415	95.89	5.06	$21,059
Feb 2014	55	94	97.40	6.19	$5,939
Jan 2014	97	1,250	90.40	4.86	$14,845
Dec 2013	75	1,358	91.82	4.35	$12,800
Nov 2013	58	1,362	88.85	3.74	$10,245
Oct 2013	100	1,457	97.42	3.78	$15,249
Sep 2013	62	1,348	104.11	3.72	$11,466
Aug 2013	70	1,562	104.25	3.52	$12,800
Jul 2013	84	1,396	102.52	3.72	$13,802
Jun 2013	101	1,475	94.40	3.93	$15,336
May 2013	89	1,538	94.83	4.15	$14,821
Apr 2013	108	1,315	93.96	4.28	$15,779
Mar 2013	96	1,294	93.62	3.91	$14,051
Feb 2013	52	1,390	91.23	3.42	$9,498
Jan 2013	83	1,478	91.60	3.42	$12,657
Dec 2012	84	1,385	86.77	3.42	$12,026
Nov 2012	72	1,470	86.95	3.62	$11,589
Oct 2012	71	1,476	89.38	3.40	$11,364
Sep 2012	70	1,474	94.67	2.92	$10,929
Aug 2012	49	1,248	92.66	2.91	$8,170
Jul 2012	69	1,517	85.13	3.02	$10,457
Jun 2012	64	1,435	79.82	2.52	$8,723
May 2012	74	1,454	91.61	2.49	$10,397
Apr 2012	52	1,542	101.65	2.00	$8,365
Mar 2012	66	1,539	105.05	2.22	$10,353
Feb 2012	89	1,500	101.10	2.57	$12,853
Jan 2012	72	1,615	98.09	2.73	$11,478
Dec 2011	75	1,588	96.87	3.24	$12,410
Nov 2011	60	1,601	95.72	3.31	$11,045
Oct 2011	33	1,548	84.98	3.65	$8,452
Sep 2011	43	1,551	83.62	3.99	$9,778
Aug 2011	32	1,655	83.40	4.15	$9,536
Jul 2011	30	1,719	94.14	4.52	$10,589
Jun 2011	41	1,678	92.90	4.64	$11,595
May 2011	50	1,789	98.13	4.40	$12,787
Apr 2011	73	1,689	105.96	4.33	$15,054
Mar 2011	127	1,809	96.36	4.06	$19,577
Feb 2011	172	1,444	85.64	4.18	$20,766
Jan 2011	164	1,642	86.50	4.59	$21,721
Dec 2010	117	1,631	85.73	4.35	$17,122
Nov 2010	109	1,360	80.84	3.80	$13,973
Oct 2010	108	1,551	78.10	3.51	$13,877
Sep 2010	74	1,396	72.63	3.98	$10,930
Aug 2010	102	1,341	73.68	4.42	$13,442
Jul 2010	134	1,439	72.55	4.74	$16,538
Jun 2010	86	1,565	70.36	4.91	$13,736
May 2010	109	1,546	71.12	4.24	$14,300
Apr 2010	81	1,547	81.69	4.12	$12,995
Mar 2010	158	1,707	78.39	4.39	$19,877
Feb 2010	75	1,462	73.58	5.44	$13,475
Jan 2010	102	1,550	74.36	5.96	$16,829
Dec 2009	112	1,102	71.44	5.48	$14,044
Nov 2009	80	1,544	74.59	3.75	$11,760
Oct 2009	38	1,841	72.54	4.11	$10,323
Sep 2009	36	1,836	65.54	3.06	$7,986
Aug 2009	68	1,915	67.42	3.22	$10,748
Jul 2009	51	1,968	61.13	3.46	$9,936
Jun 2009	88	1,695	66.16	3.90	$12,424
May 2009	109	1,865	54.74	3.93	$13,288
Apr 2009	101	1,808	46.77	3.59	$11,210
Mar 2009	74	1,789	42.14	4.06	$10,380
Feb 2009	85	1,746	32.81	4.63	$10,878
Jan 2009	63	1,872	35.86	5.37	$12,314
Dec 2008	80	1,802	37.10	5.98	$13,739
Nov 2008	52	1,505	55.49	6.86	$13,210
Oct 2008	67	1,529	75.24	6.92	$15,625
Sep 2008	48	1,533	101.76	7.88	$16,960
Aug 2008	62	1,612	114.22	8.48	$20,756
Jul 2008	39	1,663	131.08	11.39	$24,053
Jun 2008	78	1,495	131.33	13.03	$29,728
May 2008	67	1,595	123.17	11.57	$26,713
Apr 2008	112	1,351	110.31	10.45	$26,479
Mar 2008	187	1,557	101.90	9.66	$34,102
Feb 2008	242	1,550	92.53	8.77	$35,987
Jan 2008	176	1,664	90.38	8.21	$29,561
Dec 2007	315	1,739	88.33	7.30	$40,522
Nov 2007	192	1,593	91.67	7.29	$29,216
Oct 2007	167	1,612	82.85	6.92	$24,994
Sep 2007	129	1,723	75.84	6.24	$20,542
Aug 2007	167	1,584	69.06	6.39	$21,652
Jul 2007	209	1,753	70.90	6.39	$26,016
Jun 2007	263	1,513	62.00	7.55	$27,727
May 2007	204	1,754	58.74	7.85	$25,745
Apr 2007	213	2,125	59.61	7.81	$29,283
Mar 2007	89	2,396	56.92	7.30	$22,561
Feb 2007	79	1,948	55.10	8.22	$20,358
Jan 2007	103	2,289	50.30	6.73	$20,579
Dec 2006	84	2,497	56.65	6.92	$22,034
Nov 2006	36	2,488	54.20	7.62	$20,903
Oct 2006	0	2,676	54.90	6.01	$16,093
Sep 2006	16	2,873	60.08	5.04	$15,433
Aug 2006	134	2,769	68.71	7.34	$29,531
Jul 2006	81	2,493	69.37	6.34	$21,431
Jun 2006	42	2,501	66.28	6.38	$18,750
May 2006	35	2,370	66.01	6.42	$17,538
Apr 2006	93	2,447	64.39	7.36	$23,999
Mar 2006	139	2,620	56.70	7.08	$26,439
Feb 2006	70	2,208	57.59	7.75	$21,146
Jan 2006	37	2,619	60.59	8.93	$25,638
Dec 2005	32	2,843	54.94	13.42	$39,898
Nov 2005	22	3,322	54.69	10.59	$36,378
Oct 2005	35	3,326	58.34	13.80	$47,927
Sep 2005	21	3,285	61.45	12.08	$40,970
Aug 2005	26	3,139	61.51	9.80	$32,352
Jul 2005	30	3,489	55.69	7.84	$29,037
Jun 2005	48	3,015	52.33	7.38	$24,766
May 2005	30	3,001	45.22	6.65	$21,317
Apr 2005	18	2,560	49.20	7.36	$19,728
Mar 2005	23	2,915	50.37	7.15	$22,015
Feb 2005	19	2,819	45.22	6.31	$18,652
Jan 2005	33	3,151	43.16	6.32	$21,346
Dec 2004	23	3,211	39.86	6.75	$22,595
Nov 2004	46	3,522	45.28	6.33	$24,379
Oct 2004	57	4,044	49.70	6.52	$29,180
Sep 2004	46	4,627	43.24	5.28	$26,438
Aug 2004	36	4,278	42.37	5.55	$25,271
Jul 2004	36	4,668	38.28	6.08	$29,779
Jun 2004	48	5,027	36.10	6.43	$34,072
May 2004	44	4,657	37.48	6.49	$31,894
Apr 2004	9	4,041	34.47	5.86	$23,984
Mar 2004	55	4,083	34.36	5.53	$24,469
Feb 2004	59	4,108	32.45	5.51	$24,548
Jan 2004	55	3,816	32.03	6.30	$25,801
Dec 2003	48	3,569	30.26	6.30	$23,943
Nov 2003	41	2,603	28.80	4.60	$13,142
Oct 2003	39	3,233	28.17	4.76	$16,487
Sep 2003	82	3,887	26.31	4.75	$20,618
Aug 2003	83	4,072	29.76	5.13	$23,358
Jul 2003	110	4,663	29.41	5.17	$27,347
Jun 2003	22	4,549	28.56	5.98	$27,845
May 2003	49	5,017	26.59	5.97	$31,268
Apr 2003	58	3,232	26.67	5.41	$19,023
Mar 2003	74	4,661	31.14	6.10	$30,718
Feb 2003	107	4,130	33.48	7.93	$36,316
Jan 2003	82	5,468	30.31	5.58	$33,008
Dec 2002	63	4,982	26.91	4.85	$25,877
Nov 2002	53	4,435	24.66	4.14	$19,654
Oct 2002	54	2,395	26.46	4.23	$11,558
Sep 2002	60	4,220	27.44	3.64	$16,987
Aug 2002	112	4,434	25.96	3.16	$16,937
Jul 2002	65	4,090	24.58	3.06	$14,120
Jun 2002	104	4,469	23.73	3.34	$17,387
May 2002	141	4,696	24.66	3.58	$20,308
Apr 2002	128	5,584	23.65	3.51	$22,640
Mar 2002	213	7,126	22.00	3.10	$26,796
Feb 2002	218	6,043	18.22	2.38	$18,328
Jan 2002	165	8,659	17.17	2.38	$23,404
Dec 2001	245	9,344	16.93	2.36	$26,241
Nov 2001	166	10,980	18.07	2.41	$29,412
Oct 2001	255	12,835	19.78	2.53	$37,502
Sep 2001	166	15,594	24.26	2.25	$39,134
Aug 2001	319	21,044	24.87	3.05	$72,184
Jul 2001	547	24,989	23.93	3.20	$92,982
Jun 2001	644	29,933	24.56	3.82	$130,285
May 2001	402	32,555	25.52	4.31	$150,484

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.

Apr 2016 — as filed, then multipliedworked

Condensate            33 bbl  × $ 36.56 =     $1,206
Gas                    0 Mcf  × $  1.99 =         $0

────────────────────────────────────────────────────
Month total                                   $1,206

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/183579 is the state's own key, not one this site invented.