MARGARET

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

Operated by EQT PRODUCTION TEXAS, LLC (P-5 253406) in the CONGER (PENN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24984District 08Field 20097700NGPA filingOilCasinghead gasSave Export

Value, all time

$1.1 M

Jan 1993 – Sep 2015

Value, last 12 filed months

$5 k

at the published price for each month

Months reported

273

no gaps in the span

Streams

oil, casinghead gas

The CONGER (PENN) 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 1,011 leases and 1,988 wells, and the rule below applies to all of them.

Discovered

1978-01-01

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1985-04-29.

The Commission's schedule remark for this field reads: “OPTIONAL 40ACRE UNIT DIAG. 2100 PER #8-84810”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	2	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	3,840 bbl	$131,289
Casinghead gas	Production	266,743 Mcf	$962,430
Total			$1,093,719

65,975 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 (2)

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 31.8268, -101.1375. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.0 miles.

31.82675, -101.13753 · 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%

2 of 2 wells

With a plug date

50.0%

1 of 2 wells

Median depth

8,075 ft

2 wells filed one

Completion to plug

8.7 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

150.0%

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

150.0%

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 8,050 and 8,100 ft, median 8,075 ft, over the 2 wells that filed a depth.

Completions filed

Mar 1978 – May 1979

2 of 2 wells

Plug dates filed

Nov 1986

1 of 2 wells; 1 filed none

Last completion to plug: a median of 8.7 years across the 1 well that filed both dates, with the middle half between 8.7 years and 8.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-43130772	2	8,050 ft	May 1979	—	Yes
42-43130644	1	8,100 ft	Mar 1978	Nov 1986	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 (273)

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

273 months


Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	541	70.46	4.25	$2,300
Oct 2014	0	580	78.30	3.90	$2,263
Sep 2014	0	552	86.16	4.05	$2,233
Aug 2014	0	547	89.39	4.04	$2,207
Jul 2014	0	190	96.56	4.18	$794
Jun 2014	0	605	98.16	4.74	$2,866
May 2014	0	675	94.73	4.73	$3,190
Apr 2014	0	685	95.94	4.81	$3,294
Mar 2014	0	749	95.89	5.06	$3,788
Feb 2014	0	666	97.40	6.19	$4,124
Jan 2014	0	703	90.40	4.86	$3,417
Dec 2013	0	673	91.82	4.35	$2,931
Nov 2013	0	673	88.85	3.74	$2,516
Oct 2013	0	642	97.42	3.78	$2,426
Sep 2013	0	577	104.11	3.72	$2,145
Aug 2013	0	648	104.25	3.52	$2,283
Jul 2013	0	645	102.52	3.72	$2,398
Jun 2013	0	623	94.40	3.93	$2,451
May 2013	0	669	94.83	4.15	$2,776
Apr 2013	0	637	93.96	4.28	$2,728
Mar 2013	0	636	93.62	3.91	$2,489
Feb 2013	0	573	91.23	3.42	$1,960
Jan 2013	0	606	91.60	3.42	$2,072
Dec 2012	0	640	86.77	3.42	$2,189
Nov 2012	0	617	86.95	3.62	$2,237
Oct 2012	0	663	89.38	3.40	$2,254
Sep 2012	0	618	94.67	2.92	$1,804
Aug 2012	0	642	92.66	2.91	$1,867
Jul 2012	0	639	85.13	3.02	$1,930
Jun 2012	0	638	79.82	2.52	$1,607
May 2012	0	692	91.61	2.49	$1,722
Apr 2012	0	168	101.65	2.00	$335
Mar 2012	1	415	105.05	2.22	$1,027
Feb 2012	0	544	101.10	2.57	$1,398
Jan 2012	0	568	98.09	2.73	$1,553
Dec 2011	0	570	96.87	3.24	$1,847
Nov 2011	0	516	95.72	3.31	$1,709
Oct 2011	0	564	84.98	3.65	$2,058
Sep 2011	0	579	83.62	3.99	$2,308
Aug 2011	0	587	83.40	4.15	$2,436
Jul 2011	0	599	94.14	4.52	$2,706
Jun 2011	0	540	92.90	4.64	$2,506
May 2011	4	553	98.13	4.40	$2,828
Apr 2011	14	814	105.96	4.33	$5,011
Mar 2011	15	832	96.36	4.06	$4,821
Feb 2011	17	752	85.64	4.18	$4,599
Jan 2011	16	800	86.50	4.59	$5,055
Dec 2010	15	824	85.73	4.35	$4,869
Nov 2010	13	826	80.84	3.80	$4,186
Oct 2010	12	863	78.10	3.51	$3,965
Sep 2010	13	873	72.63	3.98	$4,418
Aug 2010	17	907	73.68	4.42	$5,261
Jul 2010	19	919	72.55	4.74	$5,731
Jun 2010	22	903	70.36	4.91	$5,982
May 2010	15	915	71.12	4.24	$4,942
Apr 2010	20	877	81.69	4.12	$5,249
Mar 2010	18	908	78.39	4.39	$5,396
Feb 2010	12	779	73.58	5.44	$5,123
Jan 2010	14	893	74.36	5.96	$6,367
Dec 2009	14	898	71.44	5.48	$5,925
Nov 2009	13	887	74.59	3.75	$4,297
Oct 2009	13	915	72.54	4.11	$4,704
Sep 2009	12	923	65.54	3.06	$3,615
Aug 2009	17	977	67.42	3.22	$4,291
Jul 2009	10	858	61.13	3.46	$3,584
Jun 2009	18	923	66.16	3.90	$4,786
May 2009	23	918	54.74	3.93	$4,863
Apr 2009	17	849	46.77	3.59	$3,841
Mar 2009	11	918	42.14	4.06	$4,190
Feb 2009	11	787	32.81	4.63	$4,007
Jan 2009	16	920	35.86	5.37	$5,515
Dec 2008	13	920	37.10	5.98	$5,981
Nov 2008	10	913	55.49	6.86	$6,818
Oct 2008	12	979	75.24	6.92	$7,680
Sep 2008	13	946	101.76	7.88	$8,775
Aug 2008	12	1,013	114.22	8.48	$9,964
Jul 2008	11	1,044	131.08	11.39	$13,332
Jun 2008	9	959	131.33	13.03	$13,680
May 2008	12	982	123.17	11.57	$12,844
Apr 2008	10	945	110.31	10.45	$10,983
Mar 2008	13	968	101.90	9.66	$10,680
Feb 2008	14	915	92.53	8.77	$9,321
Jan 2008	15	982	90.38	8.21	$9,414
Dec 2007	13	980	88.33	7.30	$8,304
Nov 2007	12	990	91.67	7.29	$8,319
Oct 2007	11	1,054	82.85	6.92	$8,207
Sep 2007	13	1,065	75.84	6.24	$7,636
Aug 2007	15	1,157	69.06	6.39	$8,427
Jul 2007	14	1,180	70.90	6.39	$8,530
Jun 2007	33	1,021	62.00	7.55	$9,753
May 2007	52	1,164	58.74	7.85	$12,188
Apr 2007	0	648	59.61	7.81	$5,058
Mar 2007	3	704	56.92	7.30	$5,311
Feb 2007	12	863	55.10	8.22	$7,752
Jan 2007	15	966	50.30	6.73	$7,253
Dec 2006	13	984	56.65	6.92	$7,544
Nov 2006	15	1,002	54.20	7.62	$8,446
Oct 2006	14	999	54.90	6.01	$6,776
Sep 2006	12	1,022	60.08	5.04	$5,869
Aug 2006	11	1,043	68.71	7.34	$8,411
Jul 2006	11	960	69.37	6.34	$6,852
Jun 2006	13	996	66.28	6.38	$7,220
May 2006	10	1,016	66.01	6.42	$7,188
Apr 2006	12	1,044	64.39	7.36	$8,457
Mar 2006	14	1,008	56.70	7.08	$7,933
Feb 2006	13	860	57.59	7.75	$7,415
Jan 2006	17	1,001	60.59	8.93	$9,972
Dec 2005	18	1,030	54.94	13.42	$14,807
Nov 2005	13	1,037	54.69	10.59	$11,691
Oct 2005	12	1,075	58.34	13.80	$15,531
Sep 2005	17	1,194	61.45	12.08	$15,467
Aug 2005	29	1,116	61.51	9.80	$12,717
Jul 2005	19	1,044	55.69	7.84	$9,247
Jun 2005	14	524	52.33	7.38	$4,600
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	509	49.20	7.36	$3,746
Mar 2005	0	510	50.37	7.15	$3,649
Feb 2005	1	461	45.22	6.31	$2,955
Jan 2005	1	554	43.16	6.32	$3,546
Dec 2004	5	627	39.86	6.75	$4,432
Nov 2004	12	925	45.28	6.33	$6,399
Oct 2004	12	993	49.70	6.52	$7,066
Sep 2004	11	999	43.24	5.28	$5,754
Aug 2004	12	1,036	42.37	5.55	$6,259
Jul 2004	11	1,047	38.28	6.08	$6,791
Jun 2004	13	1,024	36.10	6.43	$7,057
May 2004	13	1,056	37.48	6.49	$7,346
Apr 2004	14	998	34.47	5.86	$6,329
Mar 2004	14	1,033	34.36	5.53	$6,194
Feb 2004	15	951	32.45	5.51	$5,726
Jan 2004	14	1,019	32.03	6.30	$6,868
Dec 2003	15	1,055	30.26	6.30	$7,102
Nov 2003	14	1,021	28.80	4.60	$5,095
Oct 2003	19	1,074	28.17	4.76	$5,647
Sep 2003	18	1,032	26.31	4.75	$5,375
Aug 2003	15	1,083	29.76	5.13	$6,002
Jul 2003	17	1,088	29.41	5.17	$6,126
Jun 2003	14	1,048	28.56	5.98	$6,670
May 2003	15	1,107	26.59	5.97	$7,011
Apr 2003	14	1,047	26.67	5.41	$6,035
Mar 2003	15	1,044	31.14	6.10	$6,831
Feb 2003	14	914	33.48	7.93	$7,713
Jan 2003	15	873	30.31	5.58	$5,328
Dec 2002	15	975	26.91	4.85	$5,136
Nov 2002	14	960	24.66	4.14	$4,317
Oct 2002	15	1,027	26.46	4.23	$4,740
Sep 2002	16	1,048	27.44	3.64	$4,249
Aug 2002	15	1,143	25.96	3.16	$4,006
Jul 2002	14	1,085	24.58	3.06	$3,666
Jun 2002	13	1,086	23.73	3.34	$3,934
May 2002	14	1,114	24.66	3.58	$4,338
Apr 2002	14	1,074	23.65	3.51	$4,103
Mar 2002	17	1,086	22.00	3.10	$3,744
Feb 2002	15	969	18.22	2.38	$2,575
Jan 2002	18	1,090	17.17	2.38	$2,899
Dec 2001	17	1,074	16.93	2.36	$2,827
Nov 2001	16	1,055	18.07	2.41	$2,827
Oct 2001	17	1,171	19.78	2.53	$3,298
Sep 2001	17	1,207	24.26	2.25	$3,130
Aug 2001	14	1,037	24.87	3.05	$3,514
Jul 2001	18	1,118	23.93	3.20	$4,005
Jun 2001	19	995	24.56	3.82	$4,272
May 2001	11	1,017	25.52	4.31	$4,661
Apr 2001	8	1,003	24.68	5.34	$5,549
Mar 2001	13	1,111	24.54	5.38	$6,292
Feb 2001	17	1,033	27.75	5.77	$6,429
Jan 2001	24	1,130	27.47	8.40	$10,150
Dec 2000	20	1,094	26.88	9.12	$10,518
Nov 2000	18	1,057	32.21	5.66	$6,560
Oct 2000	16	1,132	31.23	5.15	$6,324
Sep 2000	14	1,151	31.87	5.19	$6,416
Aug 2000	15	1,152	29.64	4.54	$5,676
Jul 2000	16	1,217	28.53	4.09	$5,434
Jun 2000	14	1,157	29.30	4.40	$5,498
May 2000	15	1,216	27.26	3.68	$4,883
Apr 2000	13	1,148	24.51	3.12	$3,896
Mar 2000	14	1,173	28.42	2.86	$3,752
Feb 2000	19	1,084	27.62	2.73	$3,480
Jan 2000	20	1,138	25.27	2.48	$3,328
Dec 1999	15	1,104	24.28	2.42	$3,040
Nov 1999	16	1,119	23.19	2.43	$3,095
Oct 1999	18	1,183	20.98	2.80	$3,694
Sep 1999	36	1,153	21.75	2.62	$3,803
Aug 1999	65	1,236	19.26	2.88	$4,806
Jul 1999	47	1,243	17.89	2.37	$3,790
Jun 1999	21	1,205	15.94	2.36	$3,181
May 1999	17	1,171	15.79	2.32	$2,986
Apr 1999	18	1,168	15.10	2.21	$2,851
Mar 1999	17	1,170	12.47	1.84	$2,363
Feb 1999	16	1,076	9.98	1.82	$2,116
Jan 1999	20	1,198	10.38	1.90	$2,484
Dec 1998	21	1,140	9.20	1.77	$2,215
Nov 1998	16	1,144	10.89	2.19	$2,675
Oct 1998	14	1,235	12.42	1.97	$2,606
Sep 1998	16	1,250	12.59	2.08	$2,805
Aug 1998	18	1,300	11.30	1.91	$2,683
Jul 1998	14	1,214	11.74	2.24	$2,880
Jun 1998	16	1,158	11.24	2.24	$2,771
May 1998	19	1,222	12.62	2.21	$2,936
Apr 1998	19	1,212	13.04	2.51	$3,284
Mar 1998	21	1,246	12.80	2.31	$3,146
Feb 1998	20	1,092	13.95	2.30	$2,790
Jan 1998	24	1,166	14.70	2.15	$2,865
Dec 1997	19	1,141	16.32	2.41	$3,061
Nov 1997	17	1,121	18.19	3.09	$3,771
Oct 1997	19	1,216	19.25	3.15	$4,196
Sep 1997	15	1,231	17.74	2.95	$3,904
Aug 1997	15	1,248	17.86	2.55	$3,456
Jul 1997	16	1,272	17.58	2.25	$3,139
Jun 1997	18	1,234	17.24	2.26	$3,096
May 1997	22	1,265	18.97	2.31	$3,338
Apr 1997	26	1,223	17.88	2.08	$3,012
Mar 1997	25	1,328	18.95	1.94	$3,049
Feb 1997	25	1,140	20.49	2.21	$3,027
Jan 1997	27	1,271	23.48	3.54	$5,133
Dec 1996	31	1,294	23.32	—	$723
Nov 1996	24	1,255	21.97	—	$527
Oct 1996	40	1,402	23.31	—	$932
Sep 1996	41	1,168	22.22	—	$911
Aug 1996	8	1,156	20.26	—	$162
Jul 1996	16	1,386	19.55	—	$313
Jun 1996	15	1,293	18.73	—	$281
May 1996	19	1,391	19.43	—	$369
Apr 1996	21	1,344	21.51	—	$452
Mar 1996	25	1,359	19.38	—	$485
Feb 1996	28	1,279	16.98	—	$475
Jan 1996	37	1,335	17.07	—	$632
Dec 1995	26	1,354	17.19	—	$447
Nov 1995	22	1,323	16.00	—	$352
Oct 1995	19	1,400	15.43	—	$293
Sep 1995	20	1,384	16.18	—	$324
Aug 1995	20	1,442	15.92	—	$318
Jul 1995	17	1,403	15.24	—	$259
Jun 1995	10	1,234	16.41	—	$164
May 1995	15	1,438	17.56	—	$263
Apr 1995	18	1,373	17.73	—	$319
Mar 1995	23	1,410	16.44	—	$378
Feb 1995	26	1,236	16.58	—	$431
Jan 1995	29	1,351	15.92	—	$462
Dec 1994	30	1,331	15.03	—	$451
Nov 1994	28	1,346	15.90	—	$445
Oct 1994	27	1,400	15.58	—	$421
Sep 1994	25	1,405	15.29	—	$382
Aug 1994	23	1,445	16.13	—	$371
Jul 1994	23	1,495	17.56	—	$404
Jun 1994	25	1,491	17.09	—	$427
May 1994	29	1,499	15.88	—	$461
Apr 1994	28	1,439	14.14	—	$396
Mar 1994	26	1,462	12.46	—	$324
Feb 1994	23	1,309	12.50	—	$288
Jan 1994	27	1,274	12.66	—	$342
Dec 1993	21	1,367	12.33	—	$259
Nov 1993	27	1,441	14.49	—	$391
Oct 1993	18	1,381	15.85	—	$285
Sep 1993	17	1,381	15.03	—	$256
Aug 1993	16	1,496	15.66	—	$251
Jul 1993	19	1,553	15.46	—	$294
Jun 1993	19	1,480	16.79	—	$319
May 1993	19	1,443	17.68	—	$336
Apr 1993	21	1,335	18.05	—	$379
Mar 1993	27	1,463	18.14	—	$490
Feb 1993	27	1,281	17.90	—	$483
Jan 1993	33	1,448	16.93	—	$559

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.

Nov 2014 — as filed, then multipliedworked

Oil                    0 bbl  × $ 70.46 =         $0
Casinghead gas       541 Mcf  × $  4.25 =     $2,300

────────────────────────────────────────────────────
Month total                                   $2,300

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/24984 is the state's own key, not one this site invented.