METHODIST STATE 72-38

Operated by PERMIAN RESOURCES OPERATING, LLC (P-5 100852) in the TOYAH, NW (SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 242799District 08Field 908907002 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.2 M
Jul 2008 – Aug 2024
Value, last 12 filed months
$0
at the published price for each month
Months reported
194
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 53 leases and 53 wells, and the rule below applies to all of them.

Discovered
2006-04-29
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2017-08-15.

The Commission's schedule remark for this field reads: STATEWIDE.

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
High Cost Gas112009-01-15185807
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
CondensateDisposition15 bbl$1,192
GasProduction1,531,135 Mcf$7,192,249
Total$7,193,442

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 31.2789, -103.7478. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.27891, -103.74779 · 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
12,404 ft
1 wells filed one
Completion to plug
16.1 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 12,404 ft.

Completions filed
Jul 2008
1 of 1 wells
Plug dates filed
Aug 2024
1 of 1 wells

Last completion to plug: a median of 16.1 years across the 1 well that filed both dates, with the middle half between 16.1 years and 16.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-389325221H12,404 ftJul 2008Aug 2024Yes

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 (194)

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

194 months

Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 201803,74362.874.01$15,007
Dec 201705,04357.272.92$14,733
Nov 2017096255.423.12$3,000
Oct 201705,06549.292.98$15,112
Sep 201706,62247.523.09$20,444
Aug 201706,42245.373.00$19,294
Jul 201706,55043.873.09$20,222
Jun 201706,15242.493.09$18,993
May 201706,19745.373.26$20,223
Apr 201705,87947.933.21$18,881
Mar 201704,74446.772.98$14,155
Feb 201702,03950.452.95$6,020
Jan 20170249.413.42$7
Dec 20160148.763.72$4
Nov 20160142.492.64$3
Oct 20160146.193.09$3
Sep 201605,06341.553.10$15,698
Aug 201601,65441.442.92$4,837
Jul 201603,23741.622.92$9,466
Jun 201605,25945.352.69$14,125
May 20160042.521.99$0
Apr 201605,19436.561.99$10,341
Mar 201609,98833.011.79$17,919
Feb 201608,76826.472.06$18,094
Jan 201607,96327.352.36$18,827
Dec 201508,43432.362.00$16,880
Nov 2015012,54638.792.17$27,191
Oct 201506,93943.552.43$16,838
Sep 201504,44742.992.76$12,267
Aug 201503,40040.162.87$9,766
Jul 201504,14148.152.95$12,196
Jun 201504,85856.152.88$14,005
May 201507,11955.212.96$21,040
Apr 201507,31449.822.71$19,796
Mar 20150442.892.93$12
Feb 2015016144.662.98$479
Jan 2015078643.433.10$2,437
Dec 201405,63354.693.59$20,230
Nov 201408,86070.464.25$37,671
Oct 201409,08778.303.90$35,448
Sep 201407,99386.164.05$32,335
Aug 201406,29989.394.04$25,417
Jul 201402,27996.564.18$9,525
Jun 201409,75198.164.74$46,189
May 2014010,48594.734.73$49,558
Apr 201408,65695.944.81$41,628
Mar 201409,64095.895.06$48,748
Feb 2014010,06397.406.19$62,310
Jan 2014020,19590.404.86$98,162
Dec 201301591.824.35$65
Nov 2013010788.853.74$400
Oct 20130197.423.78$4
Sep 2013072104.113.72$268
Aug 2013010104.253.52$35
Jul 201300102.523.72$0
Jun 2013052794.403.93$2,073
May 2013011,56194.834.15$47,968
Apr 2013011,73393.964.28$50,248
Mar 2013012,09893.623.91$47,338
Feb 2013010,38591.233.42$35,516
Jan 2013012,71791.603.42$43,491
Dec 2012012,93986.773.42$44,253
Nov 2012012,81786.953.62$46,461
Oct 2012013,65389.383.40$46,416
Sep 2012012,96594.672.92$37,837
Aug 2012013,91692.662.91$40,470
Jul 2012012,60785.133.02$38,083
Jun 201206,40879.822.52$16,142
May 201205,02391.612.49$12,499
Apr 2012010,123101.652.00$20,214
Mar 2012011,319105.052.22$25,152
Feb 2012011,580101.102.57$29,763
Jan 2012013,01498.092.73$35,581
Dec 2011013,87496.873.24$44,948
Nov 2011014,00795.723.31$46,381
Oct 2011013,41484.983.65$48,942
Sep 201103,76483.623.99$15,003
Aug 201107,12683.404.15$29,568
Jul 2011014,45094.144.52$65,274
Jun 2011014,22192.904.64$65,984
May 2011015,20298.134.40$66,962
Apr 2011015,065105.964.33$65,281
Mar 2011016,37496.364.06$66,435
Feb 2011013,51785.644.18$56,501
Jan 2011014,43086.504.59$66,216
Dec 2010014,21185.734.35$61,786
Nov 2010014,66580.843.80$55,659
Oct 2010016,38778.103.51$57,500
Sep 2010016,89072.633.98$67,213
Aug 2010018,25473.684.42$80,671
Jul 2010018,49772.554.74$87,611
Jun 2010013,81770.364.91$67,847
May 20100071.124.24$0
Apr 2010012,79181.694.12$52,733
Mar 2010027,08978.394.39$118,885
Feb 2010027,01073.585.44$146,998
Jan 2010030,00174.365.96$178,929
Dec 2009028,20371.445.48$154,658
Nov 2009028,84574.593.75$108,212
Oct 2009031,87972.544.11$131,031
Sep 2009032,60165.543.06$99,914
Aug 2009035,59667.423.22$114,566
Jul 2009035,83961.133.46$124,164
Jun 2009037,93166.163.90$147,741
May 2009037,38854.743.93$146,776
Apr 2009020,24846.773.59$72,640
Mar 2009022,83842.144.06$92,699
Feb 2009438,23732.814.63$177,283
Jan 2009446,63435.865.37$250,615
Dec 2008053,79337.105.98$321,528
Nov 2008041,15755.496.86$282,352
Oct 2008021,13675.246.92$146,303
Sep 2008069,304101.767.88$545,914
Aug 2008069,685114.228.48$591,139
Jul 2008743,536131.0811.39$496,768

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.

Jan 2018 — as filed, then multipliedworked
Condensate             0 bbl  × $ 62.87 =         $0
Gas                3,743 Mcf  × $  4.01 =    $15,007

────────────────────────────────────────────────────
Month total                                  $15,007

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/242799 is the state's own key, not one this site invented.