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 289407District 08Field 71052900Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.5 M
Dec 2012 – Apr 2023
Value, last 12 filed months
$0
at the published price for each month
Months reported
125
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 Gas112020-08-03220840
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
CondensateDisposition23,606 bbl$1,769,637
GasProduction221,757 Mcf$740,013
Total$2,509,650

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, -103.8362. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.64066, -103.83620 · 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
11,394 ft
1 wells filed one
Completion to plug
10.3 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 11,394 ft.

Completions filed
Dec 2012
1 of 1 wells
Plug dates filed
Apr 2023
1 of 1 wells

Last completion to plug: a median of 10.3 years across the 1 well that filed both dates, with the middle half between 10.3 years and 10.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-38932915211,394 ftDec 2012Apr 2023Yes

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 (125)

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

125 months

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 2020105030.341.86$3,186
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20191344959.012.30$8,020
Nov 2019073055.302.75$2,008
Oct 20191662,55253.472.42$15,048
Sep 201901,77055.052.66$4,703
Aug 201902,13553.112.30$4,920
Jul 201904,51556.272.46$11,107
Jun 20191718,99452.782.49$31,431
May 201901,63758.482.74$4,486
Apr 20195972662.632.75$5,692
Mar 20191711,85356.803.06$15,387
Feb 201901,56150.852.79$4,359
Jan 201938012,53046.033.23$57,941
Dec 201819814,33846.594.19$69,236
Nov 20181412,70652.934.24$18,929
Oct 2018795,14061.443.40$22,320
Sep 2018715,29459.543.11$20,681
Aug 2018534,02259.403.07$15,482
Jul 2018512,56865.142.93$10,851
Jun 20181472,80560.183.08$17,477
May 20181322,02265.382.90$14,496
Apr 2018941,78263.842.90$11,170
Mar 2018811,69361.222.79$9,677
Feb 2018671,05461.782.77$7,055
Jan 20181371,41262.874.01$14,274
Dec 20171231,87957.272.92$12,534
Nov 20171362,54255.423.12$15,464
Oct 20171534,88549.292.98$22,117
Sep 20171424,55047.523.09$20,795
Aug 20171533,55045.373.00$17,607
Jul 2017563,14843.873.09$12,175
Jun 2017412,54742.493.09$9,605
May 2017922,87745.373.26$13,563
Apr 20171463,31447.933.21$17,641
Mar 20173536,11046.772.98$34,740
Feb 20179181550.452.95$6,997
Jan 20171991,41149.413.42$14,657
Dec 201618736948.763.72$10,492
Nov 20161931,13642.492.64$11,205
Oct 20163002,08346.193.09$20,294
Sep 20162202,48241.553.10$16,837
Aug 20161892,14341.442.92$14,099
Jul 20161552,60441.622.92$14,066
Jun 20162502,18645.352.69$17,209
May 2016872,74342.521.99$9,161
Apr 20162422,48036.561.99$13,785
Mar 20161712,78833.011.79$10,646
Feb 20161511,94226.472.06$8,005
Jan 20161931,47227.352.36$8,759
Dec 20151121,25732.362.00$6,140
Nov 20151991,46138.792.17$10,886
Oct 2015771,24043.552.43$6,362
Sep 201511265442.992.76$6,619
Aug 20151201,43540.162.87$8,941
Jul 20152682,06248.152.95$18,977
Jun 20152421,60256.152.88$18,207
May 201511641455.212.96$7,628
Apr 201547259649.822.71$25,128
Mar 2015366842.892.93$2,089
Feb 201556152644.662.98$26,620
Jan 201522264943.433.10$11,654
Dec 201439978854.693.59$24,651
Nov 20142091,06870.464.25$19,267
Oct 20142821,19478.303.90$26,738
Sep 20145122,52186.164.05$54,312
Aug 20144303,09489.394.04$50,922
Jul 20142363,93296.564.18$39,222
Jun 20144072,59598.164.74$52,243
May 20142783,87794.734.73$44,660
Apr 20144014,77295.944.81$61,421
Mar 20144936,56095.895.06$80,446
Feb 201413726197.406.19$14,960
Jan 201436651490.404.86$35,585
Dec 20133322,08891.824.35$39,576
Nov 20132552,24888.853.74$31,060
Oct 20134861,71097.423.78$53,809
Sep 20136601,351104.113.72$73,735
Aug 20134351,521104.253.52$50,707
Jul 20134511,681102.523.72$52,486
Jun 20134881,48594.403.93$51,908
May 20131,0072,11594.834.15$104,269
Apr 20138963,12393.964.28$97,563
Mar 20137983,56593.623.91$88,658
Feb 20139503,89991.233.42$100,003
Jan 20132,2543,92191.603.42$219,876
Dec 20121,4803,36686.773.42$139,932

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.

Mar 2020 — as filed, then multipliedworked
Condensate           105 bbl  × $ 30.34 =     $3,186
Gas                    0 Mcf  × $  1.86 =         $0

────────────────────────────────────────────────────
Month total                                   $3,186

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/289407 is the state's own key, not one this site invented.