NEWBURY

Operated by RESOLUTE NATURAL RES. CO., LLC (P-5 703352) in the PHANTOM (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 289404District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.9 M
Sep 2011 – Jul 2023
Value, last 12 filed months
$0
at the published price for each month
Months reported
143
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 7,755 leases and 10,539 wells, and the rule below applies to all of them.

Discovered
1983-06-23
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 2017-08-01.

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: FOR THE FOLLOWING API 389-37515.

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 Gas112020-08-03220839
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
CondensateDisposition20,279 bbl$1,444,590
GasProduction130,600 Mcf$419,917
Total$1,864,507

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 31.6407, -103.8445. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.64065, -103.84451 · 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
13,500 ft
1 wells filed one
Completion to plug
10.6 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 13,500 ft.

Completions filed
Feb 2012
1 of 1 wells
Plug dates filed
Sep 2022
1 of 1 wells

Last completion to plug: a median of 10.6 years across the 1 well that filed both dates, with the middle half between 10.6 years and 10.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-38932846113,500 ftFeb 2012Sep 2022Yes

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 (143)

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

143 months

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 202104750.412.81$132
Dec 2020012444.642.68$332
Nov 2020015938.772.71$430
Oct 202008836.972.48$218
Sep 202008537.091.99$169
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 20195052.782.49$264
May 20190058.482.74$0
Apr 201913362.632.75$822
Mar 2019552356.803.06$3,194
Feb 201906650.852.79$184
Jan 20193267546.033.23$3,652
Dec 20180046.594.19$0
Nov 20182918752.934.24$2,327
Oct 20185985061.443.40$6,513
Sep 2018763,17159.543.11$14,381
Aug 2018873,21359.403.07$15,021
Jul 2018841,26265.142.93$9,172
Jun 201833188860.183.08$22,652
May 20182931,83765.382.90$24,485
Apr 20182001,62963.842.90$17,493
Mar 20182181,91661.222.79$18,686
Feb 20183292,88461.782.77$28,303
Jan 20185043,86462.874.01$47,178
Dec 20172823,26757.272.92$25,695
Nov 20172823,17655.423.12$25,532
Oct 201728266749.292.98$15,890
Sep 201728554947.523.09$15,238
Aug 201741547645.373.00$20,259
Jul 201734177143.873.09$17,340
Jun 201723753442.493.09$11,719
May 201736160845.373.26$18,363
Apr 201741177347.933.21$22,182
Mar 20176871,33646.772.98$36,117
Feb 20179372950.452.95$6,844
Jan 201715364549.413.42$9,765
Dec 201614416948.763.72$7,651
Nov 201614959142.492.64$7,894
Oct 201619695146.193.09$11,992
Sep 201612362641.553.10$7,052
Aug 201614795041.442.92$8,870
Jul 20161251,18841.622.92$8,677
Jun 20162191,11145.352.69$12,916
May 2016771,49742.521.99$6,255
Apr 20162051,50036.561.99$10,481
Mar 201611793533.011.79$5,540
Feb 201611898626.472.06$5,158
Jan 20161911,13727.352.36$7,912
Dec 20151361,37232.362.00$7,147
Nov 20152601,54638.792.17$13,436
Oct 20151151,29543.552.43$8,151
Sep 20152691,61742.992.76$16,025
Aug 201524642540.162.87$11,100
Jul 201526729548.152.95$13,725
Jun 201511821856.152.88$7,254
May 2015616955.212.96$3,572
Apr 20152999249.822.71$15,145
Mar 2015013042.892.93$382
Feb 20152236944.662.98$10,165
Jan 2015898143.433.10$4,116
Dec 201417511254.693.59$9,973
Nov 20149515070.464.25$7,331
Oct 201416336378.303.90$14,179
Sep 201424061886.164.05$23,178
Aug 201419299289.394.04$21,166
Jul 20145824296.564.18$6,612
Jun 201420944998.164.74$22,642
May 20141921,18994.734.73$23,808
Apr 201430034795.944.81$30,451
Mar 20143419995.895.06$33,199
Feb 2014925,45697.406.19$42,744
Jan 20142374,84890.404.86$44,990
Dec 20131482,08891.824.35$22,682
Nov 20131122,24888.853.74$18,355
Oct 20131831,71097.423.78$24,291
Sep 2013253399104.113.72$27,823
Aug 2013177349104.253.52$19,682
Jul 2013159347102.523.72$17,591
Jun 201311847394.403.93$13,000
May 201316361894.834.15$18,021
Apr 20134120293.964.28$4,717
Mar 20134422193.623.91$4,984
Feb 20137623591.233.42$7,737
Jan 201332267591.603.42$31,804
Dec 201230059586.773.42$28,066
Nov 20123831,20086.953.62$37,652
Oct 20123212,49189.383.40$37,160
Sep 20126144,44194.672.92$71,088
Aug 20125804,34792.662.91$66,385
Jul 20122827,92485.133.02$47,943
Jun 201205,46479.822.52$13,764
May 20123343,63991.612.49$39,653
Apr 20123093,500101.652.00$38,399
Mar 20125264,900105.052.22$66,144
Feb 2012393432101.102.57$40,843
Jan 20123781,80098.092.73$41,999
Dec 20113283,60096.873.24$43,436
Nov 20118314,65095.723.31$94,941
Oct 2011070084.983.65$2,554
Sep 20115721,13583.623.99$52,355

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 2021 — as filed, then multipliedworked
Condensate             0 bbl  × $ 50.41 =         $0
Gas                   47 Mcf  × $  2.81 =       $132

────────────────────────────────────────────────────
Month total                                     $132

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/289404 is the state's own key, not one this site invented.