CENTERRE BANK TRUSTEE

Operated by PROPEL ENERGY, LLC (P-5 681457) in the PINAL DOME (DELAWARE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31858District 08Field 71542500NGPA filingOilCasinghead gasSaveExport
Value, all time
$2.1 M
Jan 1993 – Mar 2013
Value, last 12 filed months
$122 k
at the published price for each month
Months reported
243
no gaps in the span
Streams
2
oil, casinghead 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 6 leases and 9 wells, and the rule below applies to all of them.

Discovered
1955-03-05
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: (DELAWARE CONS) FIELD EFFECTIVE 9/11/2012.

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
NGPA2none

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
OilDisposition37,828 bbl$1,616,903
Casinghead gasProduction122,364 Mcf$518,794
Total$2,135,697

19,745 Mcf of this lease's gas, across 45 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 31.8775, -103.4809. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.87755, -103.48086 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
6,171 ft
2 wells filed one
Completion to plug
17.0 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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 5,241 and 7,100 ft, median 6,171 ft, over the 2 wells that filed a depth.

Completions filed
May 1988 – Oct 1988
2 of 2 wells
Plug dates filed
Apr 1989 – Oct 2021
2 of 2 wells

Last completion to plug: a median of 17.0 years across the 2 wells that filed both dates, with the middle half between 8.8 years and 25.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-3013083525,241 ftOct 1988Apr 1989Yes
42-3013079617,100 ftMay 1988Oct 2021Yes

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 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 201251723594.672.92$49,630
Aug 2012044192.662.91$1,283
Jul 201217938385.133.02$16,395
Jun 201217448379.822.52$15,105
May 201218973091.612.49$19,131
Apr 2012188466101.652.00$20,041
Mar 2012187463105.052.22$20,673
Feb 2012348432101.102.57$36,293
Jan 201218033498.092.73$18,569
Dec 201101,30596.873.24$4,228
Nov 2011050895.723.31$1,682
Oct 201135343884.983.65$31,596
Sep 201117836883.623.99$16,351
Aug 201118373983.404.15$18,329
Jul 201117546894.144.52$18,589
Jun 2011066392.904.64$3,076
May 201119846998.134.40$21,496
Apr 2011329580105.964.33$37,374
Mar 201115855796.364.06$17,485
Feb 201117839485.644.18$16,891
Jan 201117951586.504.59$17,847
Dec 2010071085.734.35$3,087
Nov 201035247280.843.80$30,247
Oct 201035729178.103.51$28,903
Sep 201018029472.633.98$14,243
Aug 2010029473.684.42$1,299
Jul 201017829672.554.74$14,316
Jun 2010048070.364.91$2,357
May 201017236671.124.24$13,783
Apr 201017720481.694.12$15,300
Mar 2010024878.394.39$1,088
Feb 201017834173.585.44$14,953
Jan 201017825474.365.96$14,751
Dec 2009014171.445.48$773
Nov 200915335674.593.75$12,748
Oct 200935543872.544.11$27,552
Sep 2009048565.543.06$1,486
Aug 200931444867.423.22$22,612
Jul 200935248261.133.46$23,188
Jun 2009038366.163.90$1,492
May 2009037054.743.93$1,453
Apr 200918253546.773.59$10,431
Mar 200936555742.144.06$17,642
Feb 200935747132.814.63$13,895
Jan 2009058835.865.37$3,158
Dec 2008065537.105.98$3,915
Nov 200818564055.496.86$14,656
Oct 200819266975.246.92$19,077
Sep 2008372424101.767.88$41,195
Aug 2008193666114.228.48$27,694
Jul 2008179341131.0811.39$27,347
Jun 20080639131.3313.03$8,328
May 2008186639123.1711.57$30,306
Apr 2008370481110.3110.45$45,843
Mar 2008362612101.909.66$42,802
Feb 2008053792.538.77$4,710
Jan 2008050790.388.21$4,160
Dec 200718660688.337.30$20,854
Nov 200736237591.677.29$35,919
Oct 2007040482.856.92$2,796
Sep 200737265675.846.24$32,309
Aug 2007072869.066.39$4,650
Jul 2007040170.906.39$2,562
Jun 200736758162.007.55$27,140
May 2007060658.747.85$4,755
Apr 200736691859.617.81$28,982
Mar 2007089956.927.30$6,564
Feb 200718067055.108.22$15,423
Jan 2007018850.306.73$1,265
Dec 2006065256.656.92$4,511
Nov 2006062954.207.62$4,791
Oct 200636343154.906.01$22,521
Sep 200604260.085.04$212
Aug 200617713568.717.34$13,153
Jul 2006016569.376.34$1,047
Jun 200618163866.286.38$16,070
May 200636391566.016.42$29,841
Apr 200617862164.397.36$16,032
Mar 20061791,04156.707.08$17,523
Feb 200618029257.597.75$12,630
Jan 2006041760.598.93$3,725
Dec 2005033754.9413.42$4,521
Nov 200517535754.6910.59$13,351
Oct 2005056058.3413.80$7,726
Sep 200517951661.4512.08$17,232
Aug 2005052361.519.80$5,124
Jul 200517666355.697.84$15,002
Jun 2005038352.337.38$2,827
May 200517676045.226.65$13,014
Apr 2005093949.207.36$6,911
Mar 20051751,02050.377.15$16,113
Feb 2005030945.226.31$1,950
Jan 200516974743.166.32$12,017
Dec 200439583039.866.75$21,348
Nov 200401,04645.286.33$6,622
Oct 200417686949.706.52$14,409
Sep 200416196643.245.28$12,066
Aug 200417691842.375.55$12,553
Jul 200417897738.286.08$12,758
Jun 20043561,07436.106.43$19,761
May 20041751,07237.486.49$13,521
Apr 20041781,30534.475.86$13,781
Mar 20041781,16734.365.53$12,570
Feb 2004093932.455.51$5,174
Jan 200418165632.036.30$9,930
Dec 200317873130.266.30$9,993
Nov 200317962928.804.60$8,046
Oct 200318474828.174.76$8,743
Sep 200317576726.314.75$8,247
Aug 200317689129.765.13$9,808
Jul 20031761,04629.415.17$10,585
Jun 200334388528.565.98$15,091
May 20031761,23626.595.97$12,062
Apr 20033571,00526.675.41$14,956
Mar 20030031.146.10$0
Feb 2003189033.487.93$6,328
Jan 2003180030.315.58$5,456
Dec 2002365026.914.85$9,822
Nov 20020024.664.14$0
Oct 2002182026.464.23$4,816
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 2002166024.663.58$4,094
Apr 2002057023.653.51$2,002
Mar 200217758922.003.10$5,722
Feb 2002053218.222.38$1,264
Jan 200217058917.172.38$4,318
Dec 200151158916.932.36$10,044
Nov 2001057018.072.41$1,371
Oct 200118058919.782.53$5,050
Sep 2001057024.262.25$1,283
Aug 200117158924.873.05$6,051
Jul 2001058923.933.20$1,883
Jun 200118257024.563.82$6,650
May 200118858925.524.31$7,335
Apr 200118857024.685.34$7,681
Mar 200118458924.545.38$7,682
Feb 2001053227.755.77$3,068
Jan 200119858927.478.40$10,386
Dec 200018658926.889.12$10,373
Nov 200018157032.215.66$9,055
Oct 2000058931.235.15$3,031
Sep 200019457031.875.19$9,139
Aug 200019058929.644.54$8,306
Jul 200018958928.534.09$7,801
Jun 200018557029.304.40$7,927
May 200019458927.263.68$7,456
Apr 2000049424.513.12$1,539
Mar 200018458928.422.86$6,914
Feb 200018455127.622.73$6,584
Jan 200018358925.272.48$6,085
Dec 199918758924.282.42$5,968
Nov 199918657023.192.43$5,701
Oct 199917847520.982.80$5,066
Sep 199920357021.752.62$5,908
Aug 199918658919.262.88$5,276
Jul 1999043717.892.37$1,037
Jun 199919941815.942.36$4,159
May 199918958915.792.32$4,351
Apr 199919957015.102.21$4,263
Mar 1999058912.471.84$1,083
Feb 19993925329.981.82$4,879
Jan 1999058910.381.90$1,119
Dec 19983955899.201.77$4,678
Nov 1998057010.892.19$1,246
Oct 1998047512.421.97$935
Sep 19980012.592.08$0
Aug 199838936111.301.91$5,084
Jul 1998058911.742.24$1,318
Jun 199840157011.242.24$5,782
May 1998058912.622.21$1,300
Apr 1998057013.042.51$1,428
Mar 199857158912.802.31$8,669
Feb 1998053213.952.30$1,223
Jan 1998057014.702.15$1,228
Dec 199719958916.322.41$4,668
Nov 199719157018.193.09$5,235
Oct 199720055119.253.15$5,586
Sep 1997057017.742.95$1,684
Aug 199718958917.862.55$4,880
Jul 199719658917.582.25$4,769
Jun 199718853217.242.26$4,442
May 199720158918.972.31$5,173
Apr 1997056017.882.08$1,166
Mar 199720158918.951.94$4,951
Feb 199719753220.492.21$5,210
Jan 199720057923.483.54$6,745
Dec 1996057923.32$0
Nov 199619154021.97$4,196
Oct 199618958923.31$4,406
Sep 199619957022.22$4,422
Aug 199619058920.26$3,849
Jul 199619058919.55$3,715
Jun 1996057018.73$0
May 1996183019.43$3,556
Apr 199619653021.51$4,216
Mar 199620058919.38$3,876
Feb 1996199016.98$3,379
Jan 1996058917.07$0
Dec 199520258917.19$3,472
Nov 199519957016.00$3,184
Oct 1995199015.43$3,071
Sep 1995057016.18$0
Aug 199518358915.92$2,913
Jul 199517458915.24$2,652
Jun 199518258916.41$2,987
May 199536558917.56$6,409
Apr 199536357017.73$6,436
Mar 1995058916.44$0
Feb 199536753216.58$6,085
Jan 1995058915.92$0
Dec 199436358915.03$5,456
Nov 1994057015.90$0
Oct 1994058915.58$0
Sep 199436157015.29$5,520
Aug 1994058916.13$0
Jul 199435758917.56$6,269
Jun 1994057017.09$0
May 199435866115.88$5,685
Apr 199436157314.14$5,105
Mar 19940112.46$0
Feb 1994366112.50$4,575
Jan 199409812.66$0
Dec 199337027412.33$4,562
Nov 1993019614.49$0
Oct 19933661215.85$5,801
Sep 19930815.03$0
Aug 1993365115.66$5,716
Jul 19930915.46$0
Jun 19933651916.79$6,128
May 199336714117.68$6,489
Apr 1993049418.05$0
Mar 199336848618.14$6,676
Feb 1993030417.90$0
Jan 199336830216.93$6,230

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.

Sep 2012 — as filed, then multipliedworked
Oil                  517 bbl  × $ 94.67 =    $48,944
Casinghead gas       235 Mcf  × $  2.92 =       $686

────────────────────────────────────────────────────
Month total                                  $49,630

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/31858 is the state's own key, not one this site invented.