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Z&T 32

Operated by LRR PECOS VALLEY, LLC (P-5 511724) in the SANDBAR (BONE SPRING) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 281555District 08Field 80544500Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.0 M
Sep 2014 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
141
no gaps in the span
Streams
2
condensate, gas

The SANDBAR (BONE SPRING) 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 1,654 leases and 2,003 wells, and the rule below applies to all of them.

Discovered
2010-09-15
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 2015-08-25.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “DKT08-0319479 ORDER NUNC PRO TUNC REGARDING SWR13”

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 Gas112017-04-11220037
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
CondensateDisposition168,201 bbl$8,556,464
GasProduction1,545,526 Mcf$4,444,391
Total$13,000,854

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 31.9131, -103.6691. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.91307, -103.66910 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,916 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
00.0%
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.
1100.0%

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 8,916 ft.

Completions filed
Mar 2014
1 of 1 wells

1 well

42-30132082G002AH8,916 ftMar 2014——

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 (141)

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

141 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
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 202016014.751.80$236
Mar 20204931,98730.341.86$18,646
Feb 20204637,53549.881.98$38,019
Jan 20204448,88557.252.09$44,031
Dec 201946613,97359.012.30$59,697
Nov 201967710,99155.302.75$67,671
Oct 20194218,78453.472.42$43,755
Sep 20194533,39055.052.66$33,946
Aug 20191692,03953.112.30$13,674
Jul 201966610,41256.272.46$63,090
Jun 20195386,83152.782.49$45,413
May 201987015,26658.482.74$92,711
Apr 20196196,97262.632.75$57,946
Mar 20199405,26656.803.06$69,517
Feb 20193243,00550.852.79$24,866
Jan 20190046.033.23$0
Dec 2018151046.594.19$7,035
Nov 20180052.934.24$0
Oct 20181501,26161.443.40$13,501
Sep 20187369,21759.543.11$72,468
Aug 201877810,57659.403.07$78,645
Jul 201899110,66865.142.93$95,831
Jun 20181,80610,80260.183.08$141,922
May 20181,87314,19665.382.90$163,637
Apr 20182,43220,01463.842.90$213,315
Mar 20182,98823,64561.222.79$248,820
Feb 20181,83918,56761.782.77$164,972
Jan 20182,33320,75162.874.01$229,873
Dec 20172,40719,62457.272.92$195,181
Nov 20172,40920,78055.423.12$198,306
Oct 20172,41224,15949.292.98$190,970
Sep 20172,2129,64347.523.09$134,885
Aug 20172,54314,25645.373.00$158,207
Jul 20172,55719,83343.873.09$173,406
Jun 20172,20515,77442.493.09$142,389
May 20172,52526,14945.373.26$199,894
Apr 20172,41624,94147.933.21$195,899
Mar 20172,68027,35746.772.98$206,968
Feb 20172,39022,24350.452.95$186,250
Jan 20172,69125,46449.413.42$220,019
Dec 20162,92028,58148.763.72$248,781
Nov 20162,64430,99042.492.64$194,292
Oct 20162,80738,67546.193.09$249,171
Sep 20162,69233,33041.553.10$215,197
Aug 20162,74827,36241.442.92$193,893
Jul 20163,05549,03041.622.92$270,529
Jun 20163,20958,77345.352.69$303,382
May 20163,08241,05342.521.99$212,785
Apr 20163,02328,80036.561.99$167,863
Mar 20163,23931,46533.011.79$163,368
Feb 20163,12434,99226.472.06$154,903
Jan 20163,46236,63127.352.36$181,295
Dec 20153,55031,24132.362.00$177,404
Nov 20153,52541,84738.792.17$227,431
Oct 20154,18842,45243.552.43$285,401
Sep 20153,37838,44642.992.76$251,270
Aug 20154,06141,99440.162.87$283,717
Jul 20154,52441,82048.152.95$340,994
Jun 20154,20333,70556.152.88$333,165
May 20153,25828,74655.212.96$264,832
Apr 20154,40843,66649.822.71$337,792
Mar 20155,18843,03042.892.93$348,794
Feb 20155,35847,46644.662.98$380,556
Jan 20157,27347,17843.433.10$462,148
Dec 20145,04835,29454.693.59$402,829
Nov 20146,71930,50070.464.25$603,102
Oct 20147,02025,04378.303.90$647,358
Sep 20147,41238,16086.164.05$792,992

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 2020 — as filed, then multipliedworked
Condensate            16 bbl  × $ 14.75 =       $236
Gas                    0 Mcf  × $  1.80 =         $0

────────────────────────────────────────────────────
Month total                                     $236

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/281555 is the state's own key, not one this site invented.