PETER 2 UNIT

Operated by TANOS EXPLORATION II, LLC (P-5 835976) 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 99227District 06Field 16032174NGPA filingCondensateGasSaveExport
Value, all time
$968 k
Jan 1993 – May 2018
Value, last 12 filed months
$0
at the published price for each month
Months reported
305
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
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
CondensateDisposition6,441 bbl$117,968
GasProduction554,298 Mcf$849,734
Total$967,702

276,017 Mcf of this lease's gas, across 45 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 32.0646, -94.2789. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.06457, -94.27887 · 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
100.0%
1 of 1 wells
Median depth
9,505 ft
1 wells filed one
Completion to plug
36.2 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 9,505 ft.

Completions filed
Mar 1982
1 of 1 wells
Plug dates filed
May 2018
1 of 1 wells

Last completion to plug: a median of 36.2 years across the 1 well that filed both dates, with the middle half between 36.2 years and 36.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3653119739,505 ftMar 1982May 2018Yes

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 (305)

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

305 months

May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
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 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
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 20020024.663.58$0
Apr 200212023.653.51$284
Mar 2002281,88822.003.10$6,474
Feb 2002333,59918.222.38$9,151
Jan 2002324,03917.172.38$10,145
Dec 2001643,98616.932.36$10,508
Nov 2001533,82018.072.41$10,147
Oct 2001604,01019.782.53$11,328
Sep 2001643,93224.262.25$10,405
Aug 2001564,04024.873.05$13,727
Jul 2001564,08523.933.20$14,400
Jun 2001653,99624.563.82$16,878
May 2001594,25625.524.31$19,838
Apr 2001614,15524.685.34$23,674
Mar 2001614,29324.545.38$24,578
Feb 200113,89127.755.77$22,467
Jan 2001644,26227.478.40$37,554
Dec 2000724,24726.889.12$40,679
Nov 2000804,21232.215.66$26,408
Oct 2000714,39231.235.15$24,816
Sep 2000624,19131.875.19$23,713
Aug 200024,31729.644.54$19,662
Jul 2000664,44228.534.09$20,050
Jun 2000484,34529.304.40$20,512
May 2000314,43327.263.68$17,157
Apr 2000624,27824.513.12$14,850
Mar 2000344,46928.422.86$13,747
Feb 2000334,20027.622.73$12,363
Jan 2000344,47525.272.48$11,959
Dec 1999364,52224.282.42$11,834
Nov 1999423,99423.192.43$10,695
Oct 1999494,59620.982.80$13,914
Sep 1999494,33021.752.62$12,405
Aug 1999494,66519.262.88$14,358
Jul 1999564,54417.892.37$11,782
Jun 1999484,57215.942.36$11,565
May 19991184,75315.792.32$12,895
Apr 1999674,58315.102.21$11,131
Mar 1999684,89312.471.84$9,843
Feb 1999564,0209.981.82$7,866
Jan 1999642,91710.381.90$6,206
Dec 19981303,9879.201.77$8,266
Nov 1998484,60310.892.19$10,584
Oct 1998394,72912.421.97$9,797
Sep 1998354,63912.592.08$10,102
Aug 1998655,04411.301.91$10,355
Jul 1998395,16211.742.24$12,007
Jun 1998414,59111.242.24$10,732
May 1998884,92112.622.21$11,968
Apr 1998864,68513.042.51$12,859
Mar 1998354,78312.802.31$11,494
Feb 1998834,45813.952.30$11,407
Jan 1998814,92914.702.15$11,812
Dec 1997845,00316.322.41$13,434
Nov 1997814,83318.193.09$16,399
Oct 1997375,05919.253.15$16,647
Sep 1997374,84217.742.95$14,964
Aug 1997564,85017.862.55$13,391
Jul 1997675,03517.582.25$12,491
Jun 1997914,74517.242.26$12,279
May 1997424,44518.972.31$11,058
Apr 1997365,06317.882.08$11,189
Mar 1997795,37518.951.94$11,920
Feb 1997384,38720.492.21$10,456
Jan 1997685,47123.483.54$20,962
Dec 1996664,85423.32$1,539
Nov 1996354,80621.97$769
Oct 1996515,10223.31$1,189
Sep 1996515,35022.22$1,133
Aug 1996565,64520.26$1,135
Jul 1996975,96219.55$1,896
Jun 1996965,27418.73$1,798
May 199605,34019.43$0
Apr 19961065,32721.51$2,280
Mar 19961015,47319.38$1,957
Feb 199605,14716.98$0
Jan 19961115,47017.07$1,895
Dec 19951045,57217.19$1,788
Nov 19951175,55616.00$1,872
Oct 199505,82115.43$0
Sep 19951145,75016.18$1,845
Aug 19951156,38315.92$1,831
Jul 199505,88615.24$0
Jun 1995976,23216.41$1,592
May 1995896,48717.56$1,563
Apr 199506,34817.73$0
Mar 1995886,79416.44$1,447
Feb 1995906,83316.58$1,492
Jan 1995837,85215.92$1,321
Dec 19946411,03215.03$962
Nov 199401,33715.90$0
Oct 19940015.58$0
Sep 199468015.29$1,040
Aug 199482016.13$1,323
Jul 199404,43917.56$0
Jun 199414,75217.09$17
May 1994936,80515.88$1,477
Apr 1994876,76114.14$1,230
Mar 1994867,75512.46$1,072
Feb 19941297,44512.50$1,613
Jan 1994369,19712.66$456
Dec 1993346,20812.33$419
Nov 1993359,86714.49$507
Oct 1993749,37115.85$1,173
Sep 199304,30615.03$0
Aug 1993424,90215.66$658
Jul 199304,91015.46$0
Jun 1993462,20616.79$772
May 199304,80817.68$0
Apr 1993454,96718.05$812
Mar 1993578,75718.14$1,034
Feb 19931477,84417.90$2,631
Jan 1993969,08416.93$1,625

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 2002 — as filed, then multipliedworked
Condensate            12 bbl  × $ 23.65 =       $284
Gas                    0 Mcf  × $  3.51 =         $0

────────────────────────────────────────────────────
Month total                                     $284

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/99227 is the state's own key, not one this site invented.