PENT

Name: PENT lease production and value, Sep 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WESTERN ASSETS MANAGEMENT, INC. (P-5 911807) in the NEWARK, EAST (CADDO LIME) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 204836District 05Field 65280230CondensateGasSave Export

Value, all time

$1.5 M

Sep 2004 – Aug 2016

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

144

no gaps in the span

Streams

condensate, gas

The NEWARK, EAST (CADDO LIME) 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 31 leases and 31 wells, and the rule below applies to all of them.

Discovered

2002-10-25

as the register files it

Field class

Gas

the register's own label

Between wells

660 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2004-05-11.

The Commission's schedule remark for this field reads: “SPACING RULES ADOPTED EFF. 5-11-04 PER DOCKET #05-0238059.”

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	50 bbl	$2,126
Gas	Production	230,258 Mcf	$1,471,440
Total			$1,473,566

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 32.9885, -97.4519. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.98847, -97.45194 · 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

3,570 ft

1 wells filed one

Completion to plug

11.7 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 3,570 ft.

Completions filed

Sep 2004

1 of 1 wells

Plug dates filed

May 2016

1 of 1 wells

Last completion to plug: a median of 11.7 years across the 1 well that filed both dates, with the middle half between 11.7 years and 11.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-43930923	1	3,570 ft	Sep 2004	May 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 (144)

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

144 months


Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	50	0	42.52	1.99	$2,126
Apr 2016	0	1	36.56	1.99	$2
Mar 2016	0	1	33.01	1.79	$2
Feb 2016	0	1	26.47	2.06	$2
Jan 2016	0	1	27.35	2.36	$2
Dec 2015	0	1	32.36	2.00	$2
Nov 2015	0	288	38.79	2.17	$624
Oct 2015	0	745	43.55	2.43	$1,808
Sep 2015	0	739	42.99	2.76	$2,038
Aug 2015	0	809	40.16	2.87	$2,324
Jul 2015	0	1,046	48.15	2.95	$3,081
Jun 2015	0	405	56.15	2.88	$1,168
May 2015	0	736	55.21	2.96	$2,175
Apr 2015	0	873	49.82	2.71	$2,363
Mar 2015	0	930	42.89	2.93	$2,729
Feb 2015	0	936	44.66	2.98	$2,786
Jan 2015	0	1,008	43.43	3.10	$3,125
Dec 2014	0	1,130	54.69	3.59	$4,058
Nov 2014	0	1,209	70.46	4.25	$5,140
Oct 2014	0	1,424	78.30	3.90	$5,555
Sep 2014	0	965	86.16	4.05	$3,904
Aug 2014	0	770	89.39	4.04	$3,107
Jul 2014	0	782	96.56	4.18	$3,268
Jun 2014	0	226	98.16	4.74	$1,071
May 2014	0	194	94.73	4.73	$917
Apr 2014	0	262	95.94	4.81	$1,260
Mar 2014	0	396	95.89	5.06	$2,002
Feb 2014	0	314	97.40	6.19	$1,944
Jan 2014	0	374	90.40	4.86	$1,818
Dec 2013	0	401	91.82	4.35	$1,746
Nov 2013	0	699	88.85	3.74	$2,613
Oct 2013	0	805	97.42	3.78	$3,042
Sep 2013	0	795	104.11	3.72	$2,956
Aug 2013	0	866	104.25	3.52	$3,051
Jul 2013	0	900	102.52	3.72	$3,346
Jun 2013	0	900	94.40	3.93	$3,540
May 2013	0	971	94.83	4.15	$4,029
Apr 2013	0	978	93.96	4.28	$4,188
Mar 2013	0	1,044	93.62	3.91	$4,085
Feb 2013	0	989	91.23	3.42	$3,382
Jan 2013	0	1,150	91.60	3.42	$3,933
Dec 2012	0	1,225	86.77	3.42	$4,190
Nov 2012	0	1,326	86.95	3.62	$4,807
Oct 2012	0	1,384	89.38	3.40	$4,705
Sep 2012	0	1,443	94.67	2.92	$4,211
Aug 2012	0	1,615	92.66	2.91	$4,697
Jul 2012	0	1,768	85.13	3.02	$5,341
Jun 2012	0	1,939	79.82	2.52	$4,884
May 2012	0	2,410	91.61	2.49	$5,997
Apr 2012	0	980	101.65	2.00	$1,957
Mar 2012	0	249	105.05	2.22	$553
Feb 2012	0	984	101.10	2.57	$2,529
Jan 2012	0	1,113	98.09	2.73	$3,043
Dec 2011	0	1,205	96.87	3.24	$3,904
Nov 2011	0	1,232	95.72	3.31	$4,080
Oct 2011	0	1,311	84.98	3.65	$4,783
Sep 2011	0	1,292	83.62	3.99	$5,150
Aug 2011	0	1,413	83.40	4.15	$5,863
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	1,586	92.90	4.64	$7,359
May 2011	0	1,709	98.13	4.40	$7,528
Apr 2011	0	1,860	105.96	4.33	$8,060
Mar 2011	0	2,250	96.36	4.06	$9,129
Feb 2011	0	2,456	85.64	4.18	$10,266
Jan 2011	0	593	86.50	4.59	$2,721
Dec 2010	0	616	85.73	4.35	$2,678
Nov 2010	0	638	80.84	3.80	$2,421
Oct 2010	0	705	78.10	3.51	$2,474
Sep 2010	0	755	72.63	3.98	$3,005
Aug 2010	0	888	73.68	4.42	$3,924
Jul 2010	0	720	72.55	4.74	$3,410
Jun 2010	0	707	70.36	4.91	$3,472
May 2010	0	841	71.12	4.24	$3,562
Apr 2010	0	776	81.69	4.12	$3,199
Mar 2010	0	42	78.39	4.39	$184
Feb 2010	0	981	73.58	5.44	$5,339
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	1,200	71.44	5.48	$6,581
Nov 2009	0	1,213	74.59	3.75	$4,551
Oct 2009	0	1,304	72.54	4.11	$5,360
Sep 2009	0	1,209	65.54	3.06	$3,705
Aug 2009	0	1,355	67.42	3.22	$4,361
Jul 2009	0	1,631	61.13	3.46	$5,651
Jun 2009	0	1,954	66.16	3.90	$7,611
May 2009	0	2,208	54.74	3.93	$8,668
Apr 2009	0	2,614	46.77	3.59	$9,378
Mar 2009	0	900	42.14	4.06	$3,653
Feb 2009	0	591	32.81	4.63	$2,738
Jan 2009	0	632	35.86	5.37	$3,394
Dec 2008	0	895	37.10	5.98	$5,350
Nov 2008	0	1,334	55.49	6.86	$9,152
Oct 2008	0	1,352	75.24	6.92	$9,359
Sep 2008	0	1,482	101.76	7.88	$11,674
Aug 2008	0	272	114.22	8.48	$2,307
Jul 2008	0	84	131.08	11.39	$957
Jun 2008	0	1,294	131.33	13.03	$16,864
May 2008	0	1,537	123.17	11.57	$17,790
Apr 2008	0	1,588	110.31	10.45	$16,602
Mar 2008	0	2,060	101.90	9.66	$19,908
Feb 2008	0	1,782	92.53	8.77	$15,629
Jan 2008	0	1,152	90.38	8.21	$9,453
Dec 2007	0	1,596	88.33	7.30	$11,654
Nov 2007	0	1,373	91.67	7.29	$10,012
Oct 2007	0	1,355	82.85	6.92	$9,379
Sep 2007	0	698	75.84	6.24	$4,358
Aug 2007	0	1,403	69.06	6.39	$8,962
Jul 2007	0	883	70.90	6.39	$5,641
Jun 2007	0	1,398	62.00	7.55	$10,553
May 2007	0	3,779	58.74	7.85	$29,651
Apr 2007	0	3,151	59.61	7.81	$24,594
Mar 2007	0	4,192	56.92	7.30	$30,610
Feb 2007	0	3,508	55.10	8.22	$28,822
Jan 2007	0	1,952	50.30	6.73	$13,131
Dec 2006	0	1,894	56.65	6.92	$13,104
Nov 2006	0	2,581	54.20	7.62	$19,661
Oct 2006	0	1,591	54.90	6.01	$9,568
Sep 2006	0	2,091	60.08	5.04	$10,533
Aug 2006	0	2,404	68.71	7.34	$17,645
Jul 2006	0	2,971	69.37	6.34	$18,844
Jun 2006	0	2,631	66.28	6.38	$16,796
May 2006	0	4,395	66.01	6.42	$28,238
Apr 2006	0	3,478	64.39	7.36	$25,600
Mar 2006	0	3,797	56.70	7.08	$26,894
Feb 2006	0	3,173	57.59	7.75	$24,594
Jan 2006	0	3,644	60.59	8.93	$32,553
Dec 2005	0	3,055	54.94	13.42	$40,984
Nov 2005	0	2,106	54.69	10.59	$22,299
Oct 2005	0	5,269	58.34	13.80	$72,690
Sep 2005	0	5,477	61.45	12.08	$66,157
Aug 2005	0	4,650	61.51	9.80	$45,555
Jul 2005	0	4,774	55.69	7.84	$37,446
Jun 2005	0	4,920	52.33	7.38	$36,315
May 2005	0	5,157	45.22	6.65	$34,300
Apr 2005	0	5,716	49.20	7.36	$42,073
Mar 2005	0	5,829	50.37	7.15	$41,706
Feb 2005	0	6,274	45.22	6.31	$39,601
Jan 2005	0	2,771	43.16	6.32	$17,519
Dec 2004	0	5,636	39.86	6.75	$38,049
Nov 2004	0	7,444	45.28	6.33	$47,124
Oct 2004	0	1,523	49.70	6.52	$9,923
Sep 2004	0	0	43.24	5.28	$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.

May 2016 — as filed, then multipliedworked

Condensate            50 bbl  × $ 42.52 =     $2,126
Gas                    0 Mcf  × $  1.99 =         $0

────────────────────────────────────────────────────
Month total                                   $2,126

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/204836 is the state's own key, not one this site invented.