POTEET

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

Operated by INCLINE ENERGY (P-5 423656) in the ABELL (PERMIAN-GENERAL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24669District 08Field 00292500Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$658 k

Jan 1993 – Mar 2013

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

243

no gaps in the span

Streams

oil, casinghead gas

The ABELL (PERMIAN-GENERAL) 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 126 leases and 203 wells, and the rule below applies to all of them.

Discovered

1975-06-11

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1991-02-01.

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: “FIELD HEARING 4-16-1975 DOCKET NO. 8-64,989”

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	9,706 bbl	$500,863
Casinghead gas	Production	36,430 Mcf	$156,985
Total			$657,848

48 Mcf of this lease's gas, across 48 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 (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 31.2677, -102.6257. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.26772, -102.62572 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

5,052 ft

1 wells filed one

Completion to plug

35.2 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 5,052 ft.

Completions filed

Aug 1977

1 of 1 wells

Plug dates filed

Oct 2012

1 of 1 wells

Last completion to plug: a median of 35.2 years across the 1 well that filed both dates, with the middle half between 35.2 years and 35.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-37103531	2	5,052 ft	Aug 1977	Oct 2012	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 (243)

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

243 months


Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	69	0	92.66	2.91	$6,394
Jul 2012	2	6	85.13	3.02	$188
Jun 2012	0	4	79.82	2.52	$10
May 2012	0	7	91.61	2.49	$17
Apr 2012	0	15	101.65	2.00	$30
Mar 2012	0	9	105.05	2.22	$20
Feb 2012	180	17	101.10	2.57	$18,242
Jan 2012	0	28	98.09	2.73	$77
Dec 2011	0	29	96.87	3.24	$94
Nov 2011	0	36	95.72	3.31	$119
Oct 2011	0	57	84.98	3.65	$208
Sep 2011	0	103	83.62	3.99	$411
Aug 2011	0	134	83.40	4.15	$556
Jul 2011	0	289	94.14	4.52	$1,305
Jun 2011	351	1,697	92.90	4.64	$40,482
May 2011	170	1,145	98.13	4.40	$21,726
Apr 2011	232	866	105.96	4.33	$28,335
Mar 2011	287	2,036	96.36	4.06	$35,916
Feb 2011	283	1,919	85.64	4.18	$32,258
Jan 2011	284	2,686	86.50	4.59	$36,891
Dec 2010	456	2,668	85.73	4.35	$50,693
Nov 2010	0	2,525	80.84	3.80	$9,583
Oct 2010	175	2,448	78.10	3.51	$22,257
Sep 2010	0	2,872	72.63	3.98	$11,429
Aug 2010	361	3,543	73.68	4.42	$42,256
Jul 2010	127	3,718	72.55	4.74	$26,824
Jun 2010	170	3,694	70.36	4.91	$30,100
May 2010	177	3,064	71.12	4.24	$25,565
Apr 2010	142	653	81.69	4.12	$14,292
Mar 2010	2	0	78.39	4.39	$157
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	179	0	71.44	5.48	$12,788
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	363	0	72.54	4.11	$26,332
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	174	0	67.42	3.22	$11,731
Jul 2009	356	0	61.13	3.46	$21,762
Jun 2009	10	0	66.16	3.90	$662
May 2009	167	0	54.74	3.93	$9,142
Apr 2009	9	0	46.77	3.59	$421
Mar 2009	214	0	42.14	4.06	$9,018
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	155	1	50.30	6.73	$7,803
Dec 2006	0	1	56.65	6.92	$7
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	1	66.01	6.42	$6
Apr 2006	0	1	64.39	7.36	$7
Mar 2006	0	1	56.70	7.08	$7
Feb 2006	0	1	57.59	7.75	$8
Jan 2006	0	1	60.59	8.93	$9
Dec 2005	0	1	54.94	13.42	$13
Nov 2005	0	1	54.69	10.59	$11
Oct 2005	173	1	58.34	13.80	$10,107
Sep 2005	0	1	61.45	12.08	$12
Aug 2005	0	1	61.51	9.80	$10
Jul 2005	0	1	55.69	7.84	$8
Jun 2005	0	1	52.33	7.38	$7
May 2005	0	1	45.22	6.65	$7
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	1	50.37	7.15	$7
Feb 2005	0	1	45.22	6.31	$6
Jan 2005	0	1	43.16	6.32	$6
Dec 2004	142	1	39.86	6.75	$5,667
Nov 2004	0	1	45.28	6.33	$6
Oct 2004	0	1	49.70	6.52	$7
Sep 2004	0	1	43.24	5.28	$5
Aug 2004	0	1	42.37	5.55	$6
Jul 2004	173	1	38.28	6.08	$6,629
Jun 2004	0	1	36.10	6.43	$6
May 2004	0	1	37.48	6.49	$6
Apr 2004	0	1	34.47	5.86	$6
Mar 2004	0	1	34.36	5.53	$6
Feb 2004	0	1	32.45	5.51	$6
Jan 2004	0	1	32.03	6.30	$6
Dec 2003	172	1	30.26	6.30	$5,211
Nov 2003	0	1	28.80	4.60	$5
Oct 2003	0	1	28.17	4.76	$5
Sep 2003	0	1	26.31	4.75	$5
Aug 2003	0	1	29.76	5.13	$5
Jul 2003	0	1	29.41	5.17	$5
Jun 2003	172	1	28.56	5.98	$4,918
May 2003	0	1	26.59	5.97	$6
Apr 2003	0	1	26.67	5.41	$5
Mar 2003	0	1	31.14	6.10	$6
Feb 2003	0	1	33.48	7.93	$8
Jan 2003	0	1	30.31	5.58	$6
Dec 2002	0	1	26.91	4.85	$5
Nov 2002	0	1	24.66	4.14	$4
Oct 2002	0	1	26.46	4.23	$4
Sep 2002	171	1	27.44	3.64	$4,696
Aug 2002	0	1	25.96	3.16	$3
Jul 2002	0	1	24.58	3.06	$3
Jun 2002	0	1	23.73	3.34	$3
May 2002	0	1	24.66	3.58	$4
Apr 2002	0	1	23.65	3.51	$4
Mar 2002	0	1	22.00	3.10	$3
Feb 2002	0	1	18.22	2.38	$2
Jan 2002	0	1	17.17	2.38	$2
Dec 2001	0	1	16.93	2.36	$2
Nov 2001	182	1	18.07	2.41	$3,291
Oct 2001	0	1	19.78	2.53	$3
Sep 2001	0	1	24.26	2.25	$2
Aug 2001	0	1	24.87	3.05	$3
Jul 2001	0	1	23.93	3.20	$3
Jun 2001	0	1	24.56	3.82	$4
May 2001	0	1	25.52	4.31	$4
Apr 2001	0	1	24.68	5.34	$5
Mar 2001	172	1	24.54	5.38	$4,226
Feb 2001	11	1	27.75	5.77	$311
Jan 2001	3	1	27.47	8.40	$91
Dec 2000	3	1	26.88	9.12	$90
Nov 2000	0	1	32.21	5.66	$6
Oct 2000	0	1	31.23	5.15	$5
Sep 2000	0	1	31.87	5.19	$5
Aug 2000	5	1	29.64	4.54	$153
Jul 2000	0	1	28.53	4.09	$4
Jun 2000	173	1	29.30	4.40	$5,073
May 2000	4	1	27.26	3.68	$113
Apr 2000	3	1	24.51	3.12	$77
Mar 2000	35	1	28.42	2.86	$998
Feb 2000	0	1	27.62	2.73	$3
Jan 2000	5	1	25.27	2.48	$129
Dec 1999	4	1	24.28	2.42	$100
Nov 1999	0	1	23.19	2.43	$2
Oct 1999	4	1	20.98	2.80	$87
Sep 1999	5	1	21.75	2.62	$111
Aug 1999	179	1	19.26	2.88	$3,450
Jul 1999	0	1	17.89	2.37	$2
Jun 1999	0	1	15.94	2.36	$2
May 1999	0	1	15.79	2.32	$2
Apr 1999	9	1	15.10	2.21	$138
Mar 1999	178	1	12.47	1.84	$2,222
Feb 1999	3	1	9.98	1.82	$32
Jan 1999	0	1	10.38	1.90	$2
Dec 1998	2	1	9.20	1.77	$20
Nov 1998	0	1	10.89	2.19	$2
Oct 1998	3	1	12.42	1.97	$39
Sep 1998	182	1	12.59	2.08	$2,293
Aug 1998	0	1	11.30	1.91	$2
Jul 1998	0	1	11.74	2.24	$2
Jun 1998	2	1	11.24	2.24	$25
May 1998	3	1	12.62	2.21	$40
Apr 1998	4	1	13.04	2.51	$55
Mar 1998	0	1	12.80	2.31	$2
Feb 1998	181	1	13.95	2.30	$2,527
Jan 1998	2	1	14.70	2.15	$32
Dec 1997	0	1	16.32	2.41	$2
Nov 1997	0	1	18.19	3.09	$3
Oct 1997	3	1	19.25	3.15	$61
Sep 1997	0	1	17.74	2.95	$3
Aug 1997	177	1	17.86	2.55	$3,164
Jul 1997	2	1	17.58	2.25	$37
Jun 1997	1	1	17.24	2.26	$20
May 1997	0	1	18.97	2.31	$2
Apr 1997	2	1	17.88	2.08	$38
Mar 1997	0	1	18.95	1.94	$2
Feb 1997	0	1	20.49	2.21	$2
Jan 1997	151	1	23.48	3.54	$3,549
Dec 1996	2	1	23.32	—	$47
Nov 1996	0	1	21.97	—	$0
Oct 1996	1	1	23.31	—	$23
Sep 1996	0	1	22.22	—	$0
Aug 1996	161	1	20.26	—	$3,262
Jul 1996	2	1	19.55	—	$39
Jun 1996	0	1	18.73	—	$0
May 1996	1	1	19.43	—	$19
Apr 1996	0	1	21.51	—	$0
Mar 1996	176	1	19.38	—	$3,411
Feb 1996	1	1	16.98	—	$17
Jan 1996	0	1	17.07	—	$0
Dec 1995	2	1	17.19	—	$34
Nov 1995	0	1	16.00	—	$0
Oct 1995	180	1	15.43	—	$2,777
Sep 1995	0	1	16.18	—	$0
Aug 1995	1	1	15.92	—	$16
Jul 1995	0	1	15.24	—	$0
Jun 1995	1	1	16.41	—	$16
May 1995	178	1	17.56	—	$3,126
Apr 1995	2	1	17.73	—	$35
Mar 1995	0	1	16.44	—	$0
Feb 1995	0	1	16.58	—	$0
Jan 1995	0	1	15.92	—	$0
Dec 1994	151	1	15.03	—	$2,270
Nov 1994	0	1	15.90	—	$0
Oct 1994	2	1	15.58	—	$31
Sep 1994	0	1	15.29	—	$0
Aug 1994	0	1	16.13	—	$0
Jul 1994	164	1	17.56	—	$2,880
Jun 1994	0	1	17.09	—	$0
May 1994	178	1	15.88	—	$2,827
Apr 1994	0	1	14.14	—	$0
Mar 1994	0	1	12.46	—	$0
Feb 1994	180	1	12.50	—	$2,250
Jan 1994	0	1	12.66	—	$0
Dec 1993	0	1	12.33	—	$0
Nov 1993	180	1	14.49	—	$2,608
Oct 1993	0	1	15.85	—	$0
Sep 1993	0	1	15.03	—	$0
Aug 1993	0	1	15.66	—	$0
Jul 1993	173	1	15.46	—	$2,675
Jun 1993	0	1	16.79	—	$0
May 1993	0	1	17.68	—	$0
Apr 1993	0	1	18.05	—	$0
Mar 1993	0	1	18.14	—	$0
Feb 1993	179	1	17.90	—	$3,204
Jan 1993	0	1	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.

Aug 2012 — as filed, then multipliedworked

Oil                   69 bbl  × $ 92.66 =     $6,394
Casinghead gas         0 Mcf  × $  2.91 =         $0

────────────────────────────────────────────────────
Month total                                   $6,394

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/24669 is the state's own key, not one this site invented.