HANGING H STATE 70

Operated by PDC PERMIAN, INC. (P-5 646832) in the WOLFBONE (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 42421District 08Field 98359800Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$19.4 M
Dec 2012 – Dec 2018
Value, last 12 filed months
$2.0 M
at the published price for each month
Months reported
73
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 1,266 leases and 2,377 wells, and the rule below applies to all of them.

Discovered
2010-11-30
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 40 acres. The field rule took effect on 2015-04-08.

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: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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
OilDisposition297,348 bbl$15,613,708
Casinghead gasProduction1,181,840 Mcf$3,738,850
Total$19,352,559

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 31.4417, -103.5317. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.0 miles.

31.44035, -103.53144 · 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%
3 of 3 wells
With a plug date
66.7%
2 of 3 wells
Median depth
11,430 ft
3 wells filed one
Completion to plug
6.1 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
266.7%
BothOn the schedule and plugged. Neither fact cancels the other.
266.7%
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 10,390 and 11,775 ft, median 11,430 ft, over the 3 wells that filed a depth.

Completions filed
Mar 2013 – Aug 2016
3 of 3 wells
Plug dates filed
Oct 2019
2 of 3 wells; 1 filed none

Last completion to plug: a median of 6.1 years across the 2 wells that filed both dates, with the middle half between 5.8 years and 6.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-389343873H10,390 ftAug 2016Yes
42-38934101211,430 ftApr 2014Oct 2019Yes
42-38933473111,775 ftMar 2013Oct 2019Yes

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 (73)

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

73 months

Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20181,128065.382.90$73,749
Apr 20185,83031,36563.842.90$463,171
Mar 20186,23433,60761.222.79$475,303
Feb 20186,09928,01861.782.77$454,297
Jan 20187,17330,67362.874.01$573,944
Dec 20177,34939,79357.272.92$537,133
Nov 20178,06939,79355.423.12$571,273
Oct 201710,19547,21249.292.98$643,377
Sep 20176,87031,31347.523.09$423,134
Aug 20179,92041,81445.373.00$575,696
Jul 20178,94144,96143.873.09$531,049
Jun 201710,18549,08742.493.09$584,306
May 201710,05852,04445.373.26$626,172
Apr 201711,83953,03247.933.21$737,761
Mar 201713,81663,16846.772.98$834,647
Feb 201713,12859,98550.452.95$839,419
Jan 201716,55973,71349.413.42$1,070,190
Dec 201619,42189,38748.763.72$1,279,741
Nov 201624,57091,97942.492.64$1,287,204
Oct 201629,44199,36546.193.09$1,666,943
Sep 201623,73673,44541.553.10$1,213,957
Aug 20166974,96141.442.92$43,391
Jul 201634582641.622.92$16,774
Jun 201651585945.352.69$25,662
May 201652887442.521.99$24,191
Apr 20165231,04436.561.99$21,200
Mar 20165031,06833.011.79$18,520
Feb 20161,0543,15326.472.06$34,406
Jan 20161,5684,41927.352.36$53,333
Dec 20155141,98932.362.00$20,614
Nov 2015690038.792.17$26,765
Oct 20151,0351,86043.552.43$49,588
Sep 201535095742.992.76$17,686
Aug 20151,3701,40540.162.87$59,055
Jul 20158651,59248.152.95$46,338
Jun 20156871,05956.152.88$41,628
May 20157021,63355.212.96$43,584
Apr 20156881,65249.822.71$38,747
Mar 20151,4022,64242.892.93$67,885
Feb 20159112,11544.662.98$46,980
Jan 20153651,22843.433.10$19,660
Dec 20141,40054654.693.59$78,527
Nov 201471617970.464.25$51,210
Oct 201402978.303.90$113
Sep 20141,9036,08786.164.05$188,587
Aug 20141,9065,94489.394.04$194,362
Jul 20148753,61596.564.18$99,599
Jun 20142,0835,57998.164.74$230,894
May 20144,42811,59294.734.73$474,255
Apr 201417776095.944.81$20,636
Mar 20141,06971295.895.06$106,107
Feb 20145191,05897.406.19$57,102
Jan 201417810090.404.86$16,577
Dec 2013014391.824.35$623
Nov 20131,0332,33888.853.74$100,522
Oct 20131,3903,31497.423.78$147,939
Sep 20137031,441104.113.72$78,547
Aug 2013502275104.253.52$53,302
Jul 20136871,643102.523.72$76,539
Jun 20131,2282,70294.403.93$126,551
May 20131,2033,78594.834.15$129,785
Apr 20131,4153,74093.964.28$148,970
Mar 20131,9373,84793.623.91$196,395
Feb 201389455391.233.42$83,451
Jan 20133,3346,49791.603.42$327,614
Dec 20121,8956,27186.773.42$185,877

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 2018 — as filed, then multipliedworked
Oil                1,128 bbl  × $ 65.38 =    $73,749
Casinghead gas         0 Mcf  × $  2.90 =         $0

────────────────────────────────────────────────────
Month total                                  $73,749

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/42421 is the state's own key, not one this site invented.