WEST RANCH

Name: WEST RANCH lease production and value, Oct 2007 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SANDRIDGE EXPL. AND PROD., LLC (P-5 748011) in the PINON (OVERTHRUST) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 234730District 08Field 716597002 tax incentive programmesCondensateGasSave Export

Value, all time

$3.1 M

Oct 2007 – Jan 2015

Value, last 12 filed months

$113 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The PINON (OVERTHRUST) 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 826 leases and 835 wells, and the rule below applies to all of them.

Discovered

1984-04-09

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 20 acres. The field rule took effect on 2007-06-26.

The Commission's schedule remark for this field reads: “TAKE POINTS.”

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	2008-05-30	182967
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	26,780 bbl	$2,029,476
Gas	Production	231,569 Mcf	$1,062,001
Total			$3,091,478

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 30.4610, -102.7737. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.46096, -102.77367 · 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

5,230 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 5,230 ft.

Completions filed

Sep 2014

1 of 1 wells

1 well


42-37137901	6052	5,230 ft	Sep 2014	—	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 (88)

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

88 months


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	127	0	78.30	3.90	$9,944
Sep 2014	0	1,897	86.16	4.05	$7,674
Aug 2014	0	2,209	89.39	4.04	$8,914
Jul 2014	0	2,180	96.56	4.18	$9,112
Jun 2014	0	2,160	98.16	4.74	$10,232
May 2014	0	2,203	94.73	4.73	$10,413
Apr 2014	69	2,190	95.94	4.81	$17,152
Mar 2014	166	2,253	95.89	5.06	$27,311
Feb 2014	0	2,012	97.40	6.19	$12,458
Jan 2014	163	2,231	90.40	4.86	$25,579
Dec 2013	176	2,223	91.82	4.35	$25,840
Nov 2013	0	2,124	88.85	3.74	$7,940
Oct 2013	180	2,214	97.42	3.78	$25,903
Sep 2013	0	2,081	104.11	3.72	$7,737
Aug 2013	0	2,202	104.25	3.52	$7,757
Jul 2013	163	2,012	102.52	3.72	$24,191
Jun 2013	170	2,054	94.40	3.93	$24,127
May 2013	0	2,115	94.83	4.15	$8,775
Apr 2013	171	2,115	93.96	4.28	$25,125
Mar 2013	0	2,059	93.62	3.91	$8,057
Feb 2013	129	1,920	91.23	3.42	$18,335
Jan 2013	198	2,158	91.60	3.42	$25,517
Dec 2012	0	2,179	86.77	3.42	$7,453
Nov 2012	194	2,125	86.95	3.62	$24,571
Oct 2012	188	2,278	89.38	3.40	$24,548
Sep 2012	0	2,242	94.67	2.92	$6,543
Aug 2012	193	2,348	92.66	2.91	$24,712
Jul 2012	126	2,370	85.13	3.02	$17,886
Jun 2012	182	2,339	79.82	2.52	$20,419
May 2012	187	1,648	91.61	2.49	$21,232
Apr 2012	0	1,220	101.65	2.00	$2,436
Mar 2012	382	1,371	105.05	2.22	$43,176
Feb 2012	0	1,487	101.10	2.57	$3,822
Jan 2012	385	1,427	98.09	2.73	$41,666
Dec 2011	0	1,499	96.87	3.24	$4,856
Nov 2011	199	1,292	95.72	3.31	$23,326
Oct 2011	0	1,427	84.98	3.65	$5,206
Sep 2011	388	1,445	83.62	3.99	$38,204
Aug 2011	388	1,721	83.40	4.15	$39,500
Jul 2011	0	1,820	94.14	4.52	$8,221
Jun 2011	168	1,917	92.90	4.64	$24,502
May 2011	0	2,243	98.13	4.40	$9,880
Apr 2011	350	3,144	105.96	4.33	$50,710
Mar 2011	194	3,331	96.36	4.06	$32,209
Feb 2011	172	2,923	85.64	4.18	$26,948
Jan 2011	181	3,374	86.50	4.59	$31,139
Dec 2010	166	3,513	85.73	4.35	$29,505
Nov 2010	181	3,536	80.84	3.80	$28,052
Oct 2010	375	3,787	78.10	3.51	$42,576
Sep 2010	353	3,774	72.63	3.98	$40,657
Aug 2010	181	4,029	73.68	4.42	$31,142
Jul 2010	180	4,257	72.55	4.74	$33,222
Jun 2010	355	4,348	70.36	4.91	$46,328
May 2010	345	4,832	71.12	4.24	$45,001
Apr 2010	437	4,976	81.69	4.12	$56,213
Mar 2010	612	5,503	78.39	4.39	$72,126
Feb 2010	562	5,727	73.58	5.44	$72,520
Jan 2010	749	6,320	74.36	5.96	$93,389
Dec 2009	951	6,056	71.44	5.48	$101,149
Nov 2009	707	6,662	74.59	3.75	$77,728
Oct 2009	1,583	9,352	72.54	4.11	$153,270
Sep 2009	1,713	8,377	65.54	3.06	$137,943
Aug 2009	4,618	11,705	67.42	3.22	$349,018
Jul 2009	4,468	5,643	61.13	3.46	$292,679
Jun 2009	82	1,074	66.16	3.90	$9,608
May 2009	93	1,190	54.74	3.93	$9,762
Apr 2009	95	829	46.77	3.59	$7,417
Mar 2009	127	817	42.14	4.06	$8,668
Feb 2009	119	591	32.81	4.63	$6,642
Jan 2009	0	767	35.86	5.37	$4,120
Dec 2008	0	757	37.10	5.98	$4,525
Nov 2008	199	765	55.49	6.86	$16,291
Oct 2008	0	661	75.24	6.92	$4,575
Sep 2008	193	817	101.76	7.88	$26,075
Aug 2008	0	1,012	114.22	8.48	$8,585
Jul 2008	149	1,075	131.08	11.39	$31,775
Jun 2008	190	1,329	131.33	13.03	$42,273
May 2008	364	1,151	123.17	11.57	$58,156
Apr 2008	0	1,290	110.31	10.45	$13,487
Mar 2008	138	1,632	101.90	9.66	$29,834
Feb 2008	175	1,824	92.53	8.77	$32,190
Jan 2008	0	2,166	90.38	8.21	$17,774
Dec 2007	532	2,106	88.33	7.30	$62,370
Nov 2007	199	4,411	91.67	7.29	$50,406
Oct 2007	0	9,126	82.85	6.92	$63,170

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 2014 — as filed, then multipliedworked

Condensate           127 bbl  × $ 78.30 =     $9,944
Gas                    0 Mcf  × $  3.90 =         $0

────────────────────────────────────────────────────
Month total                                   $9,944

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. 08/G/234730 is the state's own key, not one this site invented.