REESE

Name: REESE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by POGO PANHANDLE 2004, L.P. (P-5 668898) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21557District 08Field 85280300OilCasinghead gasSave Export

Value, all time

$701 k

Jan 1993 – Aug 2005

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

152

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 16,587 leases and 43,997 wells, and the rule below applies to all of them.

Discovered

1952-12-22

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 80 acres. The field rule took effect on 2018-02-13.

The Commission's schedule remark for this field reads: “SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.”

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
Oil	Disposition	29,194 bbl	$555,834
Casinghead gas	Production	51,539 Mcf	$145,496
Total			$701,330

3,854 Mcf of this lease's gas, across 47 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (3)

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 32.1786, -101.9161. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

32.17854, -101.91662 · 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%

3 of 3 wells

With a plug date

100.0%

3 of 3 wells

Median depth

9,100 ft

3 wells filed one

Completion to plug

6.5 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

3100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

3100.0%

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

Between 9,100 and 9,400 ft, median 9,100 ft, over the 3 wells that filed a depth.

Completions filed

Jan 1998

1 of 3 wells; 2 filed none

Plug dates filed

Dec 1989 – Jul 2004

3 of 3 wells

Last completion to plug: a median of 6.5 years across the 1 well that filed both dates, with the middle half between 6.5 years and 6.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-31730084	1	9,100 ft	—	Dec 1989	Yes
42-31730086	2	9,100 ft	—	Jul 2004	Yes
42-31734135	3	9,400 ft	Jan 1998	Jul 2004	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 (152)

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

152 months


Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	41	0	45.22	6.65	$1,854
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	435	567	23.65	3.51	$12,279
Mar 2002	444	1,318	22.00	3.10	$13,857
Feb 2002	440	1,093	18.22	2.38	$10,613
Jan 2002	0	711	17.17	2.38	$1,689
Dec 2001	868	1,356	16.93	2.36	$17,901
Nov 2001	0	1,662	18.07	2.41	$3,998
Oct 2001	469	1,740	19.78	2.53	$13,677
Sep 2001	466	1,670	24.26	2.25	$15,065
Aug 2001	466	1,766	24.87	3.05	$16,981
Jul 2001	463	1,600	23.93	3.20	$16,195
Jun 2001	464	1,296	24.56	3.82	$16,352
May 2001	452	664	25.52	4.31	$14,395
Apr 2001	433	974	24.68	5.34	$15,883
Mar 2001	473	874	24.54	5.38	$16,306
Feb 2001	0	114	27.75	5.77	$657
Jan 2001	468	854	27.47	8.40	$20,029
Dec 2000	340	878	26.88	9.12	$17,149
Nov 2000	887	1,027	32.21	5.66	$34,381
Oct 2000	466	689	31.23	5.15	$18,098
Sep 2000	466	613	31.87	5.19	$18,031
Aug 2000	464	265	29.64	4.54	$14,956
Jul 2000	458	385	28.53	4.09	$14,641
Jun 2000	428	544	29.30	4.40	$14,933
May 2000	0	200	27.26	3.68	$736
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	691	401	28.42	2.86	$20,785
Feb 2000	406	559	27.62	2.73	$12,738
Jan 2000	430	749	25.27	2.48	$12,724
Dec 1999	470	857	24.28	2.42	$13,489
Nov 1999	448	957	23.19	2.43	$12,718
Oct 1999	455	928	20.98	2.80	$12,148
Sep 1999	395	879	21.75	2.62	$10,893
Aug 1999	829	1,323	19.26	2.88	$19,771
Jul 1999	414	1,354	17.89	2.37	$10,619
Jun 1999	313	926	15.94	2.36	$7,177
May 1999	833	1,334	15.79	2.32	$16,249
Apr 1999	444	634	15.10	2.21	$8,104
Mar 1999	433	981	12.47	1.84	$7,203
Feb 1999	708	884	9.98	1.82	$8,673
Jan 1999	759	693	10.38	1.90	$9,195
Dec 1998	431	310	9.20	1.77	$4,515
Nov 1998	431	429	10.89	2.19	$5,631
Oct 1998	697	841	12.42	1.97	$10,313
Sep 1998	775	1,231	12.59	2.08	$12,321
Aug 1998	599	1,261	11.30	1.91	$9,174
Jul 1998	916	1,349	11.74	2.24	$13,772
Jun 1998	857	881	11.24	2.24	$11,604
May 1998	844	1,647	12.62	2.21	$14,285
Apr 1998	763	1,289	13.04	2.51	$13,179
Mar 1998	828	1,394	12.80	2.31	$13,818
Feb 1998	462	431	13.95	2.30	$7,436
Jan 1998	0	135	14.70	2.15	$291
Dec 1997	0	0	16.32	2.41	$0
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	0	0	19.25	3.15	$0
Sep 1997	0	0	17.74	2.95	$0
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	0	17.58	2.25	$0
Jun 1997	0	0	17.24	2.26	$0
May 1997	0	0	18.97	2.31	$0
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	0	0	18.95	1.94	$0
Feb 1997	374	46	20.49	2.21	$7,765
Jan 1997	0	122	23.48	3.54	$432
Dec 1996	0	101	23.32	—	$0
Nov 1996	0	95	21.97	—	$0
Oct 1996	0	23	23.31	—	$0
Sep 1996	0	111	22.22	—	$0
Aug 1996	0	80	20.26	—	$0
Jul 1996	228	144	19.55	—	$4,457
Jun 1996	0	162	18.73	—	$0
May 1996	0	240	19.43	—	$0
Apr 1996	0	178	21.51	—	$0
Mar 1996	328	264	19.38	—	$6,357
Feb 1996	0	119	16.98	—	$0
Jan 1996	0	22	17.07	—	$0
Dec 1995	0	6	17.19	—	$0
Nov 1995	0	35	16.00	—	$0
Oct 1995	414	2	15.43	—	$6,388
Sep 1995	0	1	16.18	—	$0
Aug 1995	0	13	15.92	—	$0
Jul 1995	0	39	15.24	—	$0
Jun 1995	0	35	16.41	—	$0
May 1995	0	37	17.56	—	$0
Apr 1995	294	53	17.73	—	$5,213
Mar 1995	0	37	16.44	—	$0
Feb 1995	0	39	16.58	—	$0
Jan 1995	0	38	15.92	—	$0
Dec 1994	288	36	15.03	—	$4,329
Nov 1994	0	34	15.90	—	$0
Oct 1994	257	53	15.58	—	$4,004
Sep 1994	0	24	15.29	—	$0
Aug 1994	0	75	16.13	—	$0
Jul 1994	0	15	17.56	—	$0
Jun 1994	0	26	17.09	—	$0
May 1994	44	0	15.88	—	$699
Apr 1994	112	81	14.14	—	$1,584
Mar 1994	304	119	12.46	—	$3,788
Feb 1994	0	101	12.50	—	$0
Jan 1994	0	92	12.66	—	$0
Dec 1993	0	88	12.33	—	$0
Nov 1993	345	86	14.49	—	$4,999
Oct 1993	0	114	15.85	—	$0
Sep 1993	0	103	15.03	—	$0
Aug 1993	0	115	15.66	—	$0
Jul 1993	180	90	15.46	—	$2,783
Jun 1993	0	141	16.79	—	$0
May 1993	197	142	17.68	—	$3,483
Apr 1993	0	162	18.05	—	$0
Mar 1993	307	226	18.14	—	$5,569
Feb 1993	0	18	17.90	—	$0
Jan 1993	0	39	16.93	—	$0

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.

May 2005 — as filed, then multipliedworked

Oil                   41 bbl  × $ 45.22 =     $1,854
Casinghead gas         0 Mcf  × $  6.65 =         $0

────────────────────────────────────────────────────
Month total                                   $1,854

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/O/21557 is the state's own key, not one this site invented.