PIERCE, REUBEN GAS UNIT

Name: PIERCE, REUBEN GAS UNIT lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SHERIDAN PRODUCTION COMPANY, LLC (P-5 775854) in the WASKOM (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 143784District 06Field 953691602 tax incentive programmesCondensateGasSave Export

Value, all time

$940 k

Jan 1993 – Aug 2019

Value, last 12 filed months

$853

at the published price for each month

Months reported

320

no gaps in the span

Streams

condensate, gas

The WASKOM (COTTON VALLEY) 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 473 leases and 477 wells, and the rule below applies to all of them.

Discovered

1955-09-19

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 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 2012-11-06.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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	1993-03-25	126371
NGPA	2	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	7 bbl	$372
Gas	Production	521,368 Mcf	$939,140
Total			$939,512

293,876 Mcf of this lease's gas, across 48 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 32.4502, -94.1376. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.45019, -94.13763 · 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

9,700 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 9,700 ft.

Completions filed

Aug 2019

1 of 1 wells

1 well


42-20332147	7	9,700 ft	Aug 2019	—	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 (320)

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

320 months


Aug 2019	7	209	53.11	2.30	$853
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
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	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	2,252	101.90	9.66	$21,763
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	280	82.85	6.92	$1,938
Sep 2007	0	1,607	75.84	6.24	$10,034
Aug 2007	0	2,096	69.06	6.39	$13,389
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	77	62.00	7.55	$581
May 2007	0	1,991	58.74	7.85	$15,622
Apr 2007	0	1,124	59.61	7.81	$8,773
Mar 2007	0	518	56.92	7.30	$3,782
Feb 2007	0	1,579	55.10	8.22	$12,973
Jan 2007	0	657	50.30	6.73	$4,420
Dec 2006	0	731	56.65	6.92	$5,057
Nov 2006	0	560	54.20	7.62	$4,266
Oct 2006	0	542	54.90	6.01	$3,259
Sep 2006	0	496	60.08	5.04	$2,498
Aug 2006	0	430	68.71	7.34	$3,156
Jul 2006	0	571	69.37	6.34	$3,622
Jun 2006	0	557	66.28	6.38	$3,556
May 2006	0	638	66.01	6.42	$4,099
Apr 2006	0	699	64.39	7.36	$5,145
Mar 2006	0	905	56.70	7.08	$6,410
Feb 2006	0	907	57.59	7.75	$7,030
Jan 2006	0	878	60.59	8.93	$7,843
Dec 2005	0	657	54.94	13.42	$8,814
Nov 2005	0	786	54.69	10.59	$8,322
Oct 2005	0	609	58.34	13.80	$8,402
Sep 2005	0	359	61.45	12.08	$4,336
Aug 2005	0	312	61.51	9.80	$3,057
Jul 2005	0	545	55.69	7.84	$4,275
Jun 2005	0	1,958	52.33	7.38	$14,452
May 2005	0	1,862	45.22	6.65	$12,384
Apr 2005	0	972	49.20	7.36	$7,154
Mar 2005	0	1,221	50.37	7.15	$8,736
Feb 2005	0	1,034	45.22	6.31	$6,527
Jan 2005	0	817	43.16	6.32	$5,165
Dec 2004	0	1,425	39.86	6.75	$9,620
Nov 2004	0	1,298	45.28	6.33	$8,217
Oct 2004	0	1,100	49.70	6.52	$7,167
Sep 2004	0	1,302	43.24	5.28	$6,880
Aug 2004	0	1,439	42.37	5.55	$7,987
Jul 2004	0	1,204	38.28	6.08	$7,325
Jun 2004	0	1,275	36.10	6.43	$8,202
May 2004	0	1,119	37.48	6.49	$7,267
Apr 2004	0	945	34.47	5.86	$5,536
Mar 2004	0	598	34.36	5.53	$3,307
Feb 2004	0	1,241	32.45	5.51	$6,837
Jan 2004	0	1,269	32.03	6.30	$7,994
Dec 2003	0	1,334	30.26	6.30	$8,406
Nov 2003	0	1,236	28.80	4.60	$5,680
Oct 2003	0	1,311	28.17	4.76	$6,240
Sep 2003	0	1,641	26.31	4.75	$7,794
Aug 2003	0	1,178	29.76	5.13	$6,043
Jul 2003	0	1,164	29.41	5.17	$6,019
Jun 2003	0	1,230	28.56	5.98	$7,359
May 2003	0	1,265	26.59	5.97	$7,555
Apr 2003	0	1,566	26.67	5.41	$8,468
Mar 2003	0	1,248	31.14	6.10	$7,608
Feb 2003	0	978	33.48	7.93	$7,752
Jan 2003	0	1,723	30.31	5.58	$9,618
Dec 2002	0	1,883	26.91	4.85	$9,140
Nov 2002	0	1,281	24.66	4.14	$5,299
Oct 2002	0	1,890	26.46	4.23	$7,993
Sep 2002	0	1,599	27.44	3.64	$5,813
Aug 2002	0	1,514	25.96	3.16	$4,791
Jul 2002	0	1,444	24.58	3.06	$4,421
Jun 2002	0	1,316	23.73	3.34	$4,393
May 2002	0	1,339	24.66	3.58	$4,799
Apr 2002	0	1,155	23.65	3.51	$4,057
Mar 2002	0	867	22.00	3.10	$2,690
Feb 2002	0	713	18.22	2.38	$1,694
Jan 2002	0	1,334	17.17	2.38	$3,169
Dec 2001	0	1,213	16.93	2.36	$2,868
Nov 2001	0	2,074	18.07	2.41	$4,989
Oct 2001	0	2,421	19.78	2.53	$6,122
Sep 2001	0	1,990	24.26	2.25	$4,480
Aug 2001	0	2,182	24.87	3.05	$6,662
Jul 2001	0	2,442	23.93	3.20	$7,807
Jun 2001	0	2,109	24.56	3.82	$8,065
May 2001	0	2,402	25.52	4.31	$10,346
Apr 2001	0	2,736	24.68	5.34	$14,597
Mar 2001	0	2,732	24.54	5.38	$14,688
Feb 2001	0	2,129	27.75	5.77	$12,278
Jan 2001	0	2,512	27.47	8.40	$21,098
Dec 2000	0	2,332	26.88	9.12	$21,274
Nov 2000	0	2,925	32.21	5.66	$16,550
Oct 2000	0	2,779	31.23	5.15	$14,299
Sep 2000	0	2,709	31.87	5.19	$14,050
Aug 2000	0	3,135	29.64	4.54	$14,235
Jul 2000	0	2,425	28.53	4.09	$9,918
Jun 2000	0	2,573	29.30	4.40	$11,314
May 2000	0	2,427	27.26	3.68	$8,931
Apr 2000	0	2,633	24.51	3.12	$8,204
Mar 2000	0	2,646	28.42	2.86	$7,567
Feb 2000	0	2,060	27.62	2.73	$5,617
Jan 2000	0	2,506	25.27	2.48	$6,216
Dec 1999	0	2,654	24.28	2.42	$6,433
Nov 1999	0	2,241	23.19	2.43	$5,455
Oct 1999	0	2,422	20.98	2.80	$6,791
Sep 1999	0	1,895	21.75	2.62	$4,963
Aug 1999	0	1,870	19.26	2.88	$5,377
Jul 1999	0	2,137	17.89	2.37	$5,070
Jun 1999	0	2,665	15.94	2.36	$6,295
May 1999	0	2,593	15.79	2.32	$6,018
Apr 1999	0	2,508	15.10	2.21	$5,538
Mar 1999	0	2,965	12.47	1.84	$5,451
Feb 1999	0	2,984	9.98	1.82	$5,424
Jan 1999	0	2,984	10.38	1.90	$5,669
Dec 1998	0	2,459	9.20	1.77	$4,361
Nov 1998	0	2,682	10.89	2.19	$5,862
Oct 1998	0	2,909	12.42	1.97	$5,728
Sep 1998	0	2,679	12.59	2.08	$5,579
Aug 1998	0	2,751	11.30	1.91	$5,247
Jul 1998	0	2,802	11.74	2.24	$6,269
Jun 1998	0	2,411	11.24	2.24	$5,394
May 1998	0	2,412	12.62	2.21	$5,322
Apr 1998	0	2,789	13.04	2.51	$6,987
Mar 1998	0	2,477	12.80	2.31	$5,720
Feb 1998	0	1,759	13.95	2.30	$4,044
Jan 1998	0	1,911	14.70	2.15	$4,118
Dec 1997	0	2,002	16.32	2.41	$4,827
Nov 1997	0	2,299	18.19	3.09	$7,100
Oct 1997	0	2,159	19.25	3.15	$6,800
Sep 1997	0	2,151	17.74	2.95	$6,356
Aug 1997	0	1,961	17.86	2.55	$5,010
Jul 1997	0	2,614	17.58	2.25	$5,874
Jun 1997	0	2,969	17.24	2.26	$6,702
May 1997	0	3,282	18.97	2.31	$7,577
Apr 1997	0	3,199	17.88	2.08	$6,663
Mar 1997	0	2,739	18.95	1.94	$5,311
Feb 1997	0	3,601	20.49	2.21	$7,943
Jan 1997	0	2,605	23.48	3.54	$9,221
Dec 1996	0	2,836	23.32	—	$0
Nov 1996	0	2,575	21.97	—	$0
Oct 1996	0	2,267	23.31	—	$0
Sep 1996	0	2,655	22.22	—	$0
Aug 1996	0	2,832	20.26	—	$0
Jul 1996	0	2,930	19.55	—	$0
Jun 1996	0	3,083	18.73	—	$0
May 1996	0	2,935	19.43	—	$0
Apr 1996	0	3,369	21.51	—	$0
Mar 1996	0	4,129	19.38	—	$0
Feb 1996	0	3,828	16.98	—	$0
Jan 1996	0	3,905	17.07	—	$0
Dec 1995	0	3,699	17.19	—	$0
Nov 1995	0	3,540	16.00	—	$0
Oct 1995	0	3,818	15.43	—	$0
Sep 1995	0	4,311	16.18	—	$0
Aug 1995	0	2,838	15.92	—	$0
Jul 1995	0	4,733	15.24	—	$0
Jun 1995	0	4,418	16.41	—	$0
May 1995	0	4,626	17.56	—	$0
Apr 1995	0	4,479	17.73	—	$0
Mar 1995	0	4,567	16.44	—	$0
Feb 1995	0	4,228	16.58	—	$0
Jan 1995	0	5,084	15.92	—	$0
Dec 1994	0	5,390	15.03	—	$0
Nov 1994	0	5,442	15.90	—	$0
Oct 1994	0	5,335	15.58	—	$0
Sep 1994	0	5,501	15.29	—	$0
Aug 1994	0	5,998	16.13	—	$0
Jul 1994	0	6,117	17.56	—	$0
Jun 1994	0	6,354	17.09	—	$0
May 1994	0	6,538	15.88	—	$0
Apr 1994	0	7,026	14.14	—	$0
Mar 1994	0	7,468	12.46	—	$0
Feb 1994	0	6,556	12.50	—	$0
Jan 1994	0	8,454	12.66	—	$0
Dec 1993	0	8,864	12.33	—	$0
Nov 1993	0	10,294	14.49	—	$0
Oct 1993	0	11,780	15.85	—	$0
Sep 1993	0	9,732	15.03	—	$0
Aug 1993	0	10,777	15.66	—	$0
Jul 1993	0	13,419	15.46	—	$0
Jun 1993	0	14,503	16.79	—	$0
May 1993	0	7,407	17.68	—	$0
Apr 1993	0	6,827	18.05	—	$0
Mar 1993	0	15,668	18.14	—	$0
Feb 1993	0	8,606	17.90	—	$0
Jan 1993	0	12,135	16.93	—	$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 2019 — as filed, then multipliedworked

Condensate             7 bbl  × $ 53.11 =       $372
Gas                  209 Mcf  × $  2.30 =       $482

────────────────────────────────────────────────────
Month total                                     $853

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. 06/G/143784 is the state's own key, not one this site invented.