LR "88B"

Name: LR "88B" lease production and value, May 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by E.G.L. RESOURCES, INC. (P-5 238522) in the PYOTE, SOUTH (4950 SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 37557District 08Field 73565200OilCasinghead gasSave Export

Value, all time

$931 k

May 2005 – Oct 2018

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

162

no gaps in the span

Streams

oil, casinghead gas

The PYOTE, SOUTH (4950 SAND) 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 7 leases and 8 wells, and the rule below applies to all of them.

Discovered

1960-08-15

as the register files it

Field class

Oil and gas

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: “AOF-1 AND AOF-2 EFFECTIVE 06/01/2006.”

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	9,964 bbl	$722,737
Casinghead gas	Production	48,753 Mcf	$208,101
Total			$930,838

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 31.4227, -103.1415. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.42267, -103.14155 · 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

5,131 ft

1 wells filed one

Completion to plug

13.2 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 5,131 ft.

Completions filed

Jun 2005

1 of 1 wells

Plug dates filed

Aug 2018

1 of 1 wells

Last completion to plug: a median of 13.2 years across the 1 well that filed both dates, with the middle half between 13.2 years and 13.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47534879	1	5,131 ft	Jun 2005	Aug 2018	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 (162)

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

162 months


Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	33	61.22	2.79	$92
Feb 2018	98	33	61.78	2.77	$6,146
Jan 2018	0	64	62.87	4.01	$257
Dec 2017	0	163	57.27	2.92	$476
Nov 2017	0	101	55.42	3.12	$315
Oct 2017	0	111	49.29	2.98	$331
Sep 2017	0	115	47.52	3.09	$355
Aug 2017	0	256	45.37	3.00	$769
Jul 2017	0	137	43.87	3.09	$423
Jun 2017	0	159	42.49	3.09	$491
May 2017	170	684	45.37	3.26	$9,945
Apr 2017	0	609	47.93	3.21	$1,956
Mar 2017	166	651	46.77	2.98	$9,706
Feb 2017	0	784	50.45	2.95	$2,315
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	171	0	42.49	2.64	$7,266
Oct 2016	0	463	46.19	3.09	$1,431
Sep 2016	168	557	41.55	3.10	$8,707
Aug 2016	0	734	41.44	2.92	$2,146
Jul 2016	0	200	41.62	2.92	$585
Jun 2016	169	710	45.35	2.69	$9,571
May 2016	0	500	42.52	1.99	$996
Apr 2016	0	596	36.56	1.99	$1,187
Mar 2016	169	806	33.01	1.79	$7,025
Feb 2016	0	761	26.47	2.06	$1,570
Jan 2016	0	844	27.35	2.36	$1,996
Dec 2015	167	744	32.36	2.00	$6,893
Nov 2015	0	1,432	38.79	2.17	$3,104
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	174	0	42.99	2.76	$7,480
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	170	328	48.15	2.95	$9,151
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	421	55.21	2.96	$1,244
Apr 2015	172	207	49.82	2.71	$9,129
Mar 2015	0	1,426	42.89	2.93	$4,185
Feb 2015	176	1,063	44.66	2.98	$11,024
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	170	721	70.46	4.25	$15,044
Oct 2014	0	518	78.30	3.90	$2,021
Sep 2014	167	544	86.16	4.05	$16,589
Aug 2014	0	241	89.39	4.04	$972
Jul 2014	166	3,464	96.56	4.18	$30,507
Jun 2014	0	1,437	98.16	4.74	$6,807
May 2014	0	575	94.73	4.73	$2,718
Apr 2014	168	617	95.94	4.81	$19,085
Mar 2014	0	610	95.89	5.06	$3,085
Feb 2014	0	711	97.40	6.19	$4,403
Jan 2014	169	567	90.40	4.86	$18,034
Dec 2013	0	254	91.82	4.35	$1,106
Nov 2013	162	391	88.85	3.74	$15,855
Oct 2013	0	744	97.42	3.78	$2,812
Sep 2013	0	715	104.11	3.72	$2,658
Aug 2013	168	746	104.25	3.52	$20,142
Jul 2013	184	774	102.52	3.72	$21,741
Jun 2013	0	577	94.40	3.93	$2,270
May 2013	0	451	94.83	4.15	$1,871
Apr 2013	172	786	93.96	4.28	$19,527
Mar 2013	0	704	93.62	3.91	$2,755
Feb 2013	0	620	91.23	3.42	$2,120
Jan 2013	0	611	91.60	3.42	$2,090
Dec 2012	0	548	86.77	3.42	$1,874
Nov 2012	168	669	86.95	3.62	$17,033
Oct 2012	0	72	89.38	3.40	$245
Sep 2012	179	152	94.67	2.92	$17,390
Aug 2012	0	189	92.66	2.91	$550
Jul 2012	167	278	85.13	3.02	$15,056
Jun 2012	0	178	79.82	2.52	$448
May 2012	0	68	91.61	2.49	$169
Apr 2012	170	152	101.65	2.00	$17,584
Mar 2012	0	183	105.05	2.22	$407
Feb 2012	0	182	101.10	2.57	$468
Jan 2012	166	93	98.09	2.73	$16,537
Dec 2011	0	168	96.87	3.24	$544
Nov 2011	163	160	95.72	3.31	$16,132
Oct 2011	0	169	84.98	3.65	$617
Sep 2011	0	172	83.62	3.99	$686
Aug 2011	167	187	83.40	4.15	$14,704
Jul 2011	0	154	94.14	4.52	$696
Jun 2011	167	169	92.90	4.64	$16,298
May 2011	0	172	98.13	4.40	$758
Apr 2011	168	143	105.96	4.33	$18,421
Mar 2011	0	191	96.36	4.06	$775
Feb 2011	0	105	85.64	4.18	$439
Jan 2011	170	199	86.50	4.59	$15,618
Dec 2010	0	212	85.73	4.35	$922
Nov 2010	170	203	80.84	3.80	$14,513
Oct 2010	0	185	78.10	3.51	$649
Sep 2010	0	120	72.63	3.98	$478
Aug 2010	171	0	73.68	4.42	$12,599
Jul 2010	0	145	72.55	4.74	$687
Jun 2010	167	118	70.36	4.91	$12,330
May 2010	0	135	71.12	4.24	$572
Apr 2010	0	137	81.69	4.12	$565
Mar 2010	172	126	78.39	4.39	$14,036
Feb 2010	0	111	73.58	5.44	$604
Jan 2010	197	130	74.36	5.96	$15,424
Dec 2009	0	126	71.44	5.48	$691
Nov 2009	0	101	74.59	3.75	$379
Oct 2009	167	91	72.54	4.11	$12,488
Sep 2009	0	107	65.54	3.06	$328
Aug 2009	0	86	67.42	3.22	$277
Jul 2009	172	83	61.13	3.46	$10,802
Jun 2009	0	66	66.16	3.90	$257
May 2009	170	107	54.74	3.93	$9,726
Apr 2009	0	125	46.77	3.59	$448
Mar 2009	169	131	42.14	4.06	$7,653
Feb 2009	0	114	32.81	4.63	$528
Jan 2009	0	130	35.86	5.37	$698
Dec 2008	169	124	37.10	5.98	$7,011
Nov 2008	0	157	55.49	6.86	$1,077
Oct 2008	0	159	75.24	6.92	$1,101
Sep 2008	176	154	101.76	7.88	$19,123
Aug 2008	0	152	114.22	8.48	$1,289
Jul 2008	167	122	131.08	11.39	$23,280
Jun 2008	0	114	131.33	13.03	$1,486
May 2008	159	111	123.17	11.57	$20,869
Apr 2008	0	127	110.31	10.45	$1,328
Mar 2008	0	115	101.90	9.66	$1,111
Feb 2008	163	128	92.53	8.77	$16,205
Jan 2008	0	121	90.38	8.21	$993
Dec 2007	163	187	88.33	7.30	$15,763
Nov 2007	0	148	91.67	7.29	$1,079
Oct 2007	167	174	82.85	6.92	$15,040
Sep 2007	0	145	75.84	6.24	$905
Aug 2007	0	163	69.06	6.39	$1,041
Jul 2007	172	202	70.90	6.39	$13,485
Jun 2007	0	228	62.00	7.55	$1,721
May 2007	174	238	58.74	7.85	$12,088
Apr 2007	0	204	59.61	7.81	$1,592
Mar 2007	170	216	56.92	7.30	$11,254
Feb 2007	0	214	55.10	8.22	$1,758
Jan 2007	1	249	50.30	6.73	$1,725
Dec 2006	163	243	56.65	6.92	$10,915
Nov 2006	1	286	54.20	7.62	$2,233
Oct 2006	169	247	54.90	6.01	$10,764
Sep 2006	0	259	60.08	5.04	$1,305
Aug 2006	0	236	68.71	7.34	$1,732
Jul 2006	180	304	69.37	6.34	$14,415
Jun 2006	0	270	66.28	6.38	$1,724
May 2006	168	317	66.01	6.42	$13,126
Apr 2006	0	237	64.39	7.36	$1,744
Mar 2006	168	210	56.70	7.08	$11,013
Feb 2006	0	129	57.59	7.75	$1,000
Jan 2006	173	116	60.59	8.93	$11,518
Dec 2005	0	122	54.94	13.42	$1,637
Nov 2005	173	178	54.69	10.59	$11,346
Oct 2005	0	219	58.34	13.80	$3,021
Sep 2005	174	186	61.45	12.08	$12,939
Aug 2005	0	249	61.51	9.80	$2,439
Jul 2005	178	162	55.69	7.84	$11,183
Jun 2005	0	119	52.33	7.38	$878
May 2005	0	0	45.22	6.65	$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.

Mar 2018 — as filed, then multipliedworked

Oil                    0 bbl  × $ 61.22 =         $0
Casinghead gas        33 Mcf  × $  2.79 =        $92

────────────────────────────────────────────────────
Month total                                      $92

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/37557 is the state's own key, not one this site invented.