COPELAND UNIT 2

Name: COPELAND UNIT 2 lease production and value, Aug 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EOG RESOURCES, INC. (P-5 253162) in the CARTHAGE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 171154District 06Field 160321742 tax incentive programmesCondensateGasSave Export

Value, all time

$1.2 M

Aug 1998 – Dec 2008

Value, last 12 filed months

$10 k

at the published price for each month

Months reported

125

no gaps in the span

Streams

condensate, gas

The CARTHAGE (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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered

1968-05-01

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 2011-02-08.

The Commission's schedule remark for this field reads: “FIELD. EFFECTIVE 4/12/16.”

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	1999-01-13	139941
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	1,931 bbl	$61,762
Gas	Production	282,120 Mcf	$1,151,308
Total			$1,213,069

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 32.1380, -94.4404. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.13801, -94.44041 · 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

9,830 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 9,830 ft.

Completions filed

Dec 2011

1 of 1 wells

1 well


42-36534008	13	9,830 ft	Dec 2011	—	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 (125)

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

125 months


Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	2	94	75.24	6.92	$801
Sep 2008	1	60	101.76	7.88	$574
Aug 2008	1	56	114.22	8.48	$589
Jul 2008	1	34	131.08	11.39	$518
Jun 2008	2	113	131.33	13.03	$1,735
May 2008	0	179	123.17	11.57	$2,072
Apr 2008	0	125	110.31	10.45	$1,307
Mar 2008	0	135	101.90	9.66	$1,305
Feb 2008	0	77	92.53	8.77	$675
Jan 2008	0	90	90.38	8.21	$739
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	81	75.84	6.24	$506
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	57	62.00	7.55	$430
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	1	0	55.10	8.22	$55
Jan 2007	7	889	50.30	6.73	$6,332
Dec 2006	6	911	56.65	6.92	$6,643
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	2	34	54.90	6.01	$314
Sep 2006	10	627	60.08	5.04	$3,759
Aug 2006	8	543	68.71	7.34	$4,535
Jul 2006	5	165	69.37	6.34	$1,393
Jun 2006	17	1,140	66.28	6.38	$8,404
May 2006	18	1,002	66.01	6.42	$7,626
Apr 2006	19	1,385	64.39	7.36	$11,418
Mar 2006	16	938	56.70	7.08	$7,551
Feb 2006	13	915	57.59	7.75	$7,841
Jan 2006	16	921	60.59	8.93	$9,197
Dec 2005	19	1,363	54.94	13.42	$19,329
Nov 2005	8	879	54.69	10.59	$9,745
Oct 2005	13	1,265	58.34	13.80	$18,210
Sep 2005	11	1,454	61.45	12.08	$18,239
Aug 2005	9	1,225	61.51	9.80	$12,555
Jul 2005	8	1,342	55.69	7.84	$10,972
Jun 2005	8	1,305	52.33	7.38	$10,051
May 2005	15	2,269	45.22	6.65	$15,770
Apr 2005	16	2,045	49.20	7.36	$15,839
Mar 2005	15	2,118	50.37	7.15	$15,910
Feb 2005	9	1,182	45.22	6.31	$7,868
Jan 2005	12	1,493	43.16	6.32	$9,957
Dec 2004	16	1,973	39.86	6.75	$13,958
Nov 2004	18	1,978	45.28	6.33	$13,337
Oct 2004	12	1,211	49.70	6.52	$8,486
Sep 2004	11	1,346	43.24	5.28	$7,588
Aug 2004	8	655	42.37	5.55	$3,975
Jul 2004	19	1,222	38.28	6.08	$8,162
Jun 2004	17	1,148	36.10	6.43	$7,999
May 2004	23	1,838	37.48	6.49	$12,799
Apr 2004	20	1,215	34.47	5.86	$7,807
Mar 2004	28	2,374	34.36	5.53	$14,091
Feb 2004	23	1,833	32.45	5.51	$10,845
Jan 2004	17	1,221	32.03	6.30	$8,236
Dec 2003	25	1,791	30.26	6.30	$12,043
Nov 2003	32	2,511	28.80	4.60	$12,460
Oct 2003	24	2,829	28.17	4.76	$14,141
Sep 2003	11	1,565	26.31	4.75	$7,722
Aug 2003	17	2,142	29.76	5.13	$11,494
Jul 2003	16	1,889	29.41	5.17	$10,238
Jun 2003	12	1,426	28.56	5.98	$8,874
May 2003	19	2,079	26.59	5.97	$12,922
Apr 2003	17	1,956	26.67	5.41	$11,030
Mar 2003	22	1,743	31.14	6.10	$11,310
Feb 2003	21	1,489	33.48	7.93	$12,505
Jan 2003	25	2,032	30.31	5.58	$12,100
Dec 2002	24	2,041	26.91	4.85	$10,552
Nov 2002	17	1,771	24.66	4.14	$7,746
Oct 2002	11	2,314	26.46	4.23	$10,077
Sep 2002	9	2,060	27.44	3.64	$7,735
Aug 2002	8	2,010	25.96	3.16	$6,568
Jul 2002	11	2,387	24.58	3.06	$7,579
Jun 2002	13	2,735	23.73	3.34	$9,439
May 2002	18	3,058	24.66	3.58	$11,404
Apr 2002	24	3,324	23.65	3.51	$12,243
Mar 2002	28	3,809	22.00	3.10	$12,434
Feb 2002	24	3,158	18.22	2.38	$7,940
Jan 2002	16	1,696	17.17	2.38	$4,304
Dec 2001	26	3,785	16.93	2.36	$9,389
Nov 2001	29	4,355	18.07	2.41	$11,000
Oct 2001	33	5,028	19.78	2.53	$13,368
Sep 2001	26	4,630	24.26	2.25	$11,054
Aug 2001	25	5,030	24.87	3.05	$15,979
Jul 2001	13	1,908	23.93	3.20	$6,411
Jun 2001	23	4,344	24.56	3.82	$17,177
May 2001	19	2,959	25.52	4.31	$13,230
Apr 2001	31	5,350	24.68	5.34	$29,309
Mar 2001	42	4,525	24.54	5.38	$25,359
Feb 2001	34	4,008	27.75	5.77	$24,058
Jan 2001	21	3,184	27.47	8.40	$27,319
Dec 2000	24	3,858	26.88	9.12	$35,840
Nov 2000	15	2,845	32.21	5.66	$16,580
Oct 2000	14	2,974	31.23	5.15	$15,740
Sep 2000	12	2,523	31.87	5.19	$13,468
Aug 2000	12	3,099	29.64	4.54	$14,427
Jul 2000	15	2,703	28.53	4.09	$11,483
Jun 2000	19	3,792	29.30	4.40	$17,231
May 2000	101	4,867	27.26	3.68	$20,663
Apr 2000	96	3,446	24.51	3.12	$13,091
Mar 2000	104	3,657	28.42	2.86	$13,414
Feb 2000	95	3,477	27.62	2.73	$12,104
Jan 2000	34	3,334	25.27	2.48	$9,129
Dec 1999	40	3,906	24.28	2.42	$10,438
Nov 1999	31	3,703	23.19	2.43	$9,732
Oct 1999	31	4,186	20.98	2.80	$12,387
Sep 1999	22	3,636	21.75	2.62	$10,001
Aug 1999	0	3,777	19.26	2.88	$10,861
Jul 1999	0	4,095	17.89	2.37	$9,715
Jun 1999	0	3,066	15.94	2.36	$7,242
May 1999	0	3,807	15.79	2.32	$8,836
Apr 1999	0	3,560	15.10	2.21	$7,861
Mar 1999	0	3,516	12.47	1.84	$6,464
Feb 1999	0	3,029	9.98	1.82	$5,506
Jan 1999	0	3,390	10.38	1.90	$6,441
Dec 1998	0	6,185	9.20	1.77	$10,968
Nov 1998	0	7,871	10.89	2.19	$17,204
Oct 1998	0	9,752	12.42	1.97	$19,204
Sep 1998	0	20,091	12.59	2.08	$41,842
Aug 1998	0	4,529	11.30	1.91	$8,638

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.

Oct 2008 — as filed, then multipliedworked

Condensate             2 bbl  × $ 75.24 =       $150
Gas                   94 Mcf  × $  6.92 =       $651

────────────────────────────────────────────────────
Month total                                     $801

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/171154 is the state's own key, not one this site invented.