BEDNAR 189

Operated by LAREDO PETROLEUM, INC. (P-5 486610) in the GARDEN CITY, S. (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 43383District 08Field 33998500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$636 k
Apr 2012 – Jan 2016
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
46
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 512 leases and 922 wells, and the rule below applies to all of them.

Discovered
1964-03-12
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 80 acres. The field rule took effect on 2014-05-22.

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: COMMINGLING FEE. GRANTED PER DOCKET #08-0287087.

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
OilDisposition6,650 bbl$598,658
Casinghead gasProduction10,709 Mcf$37,503
Total$636,161

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 32.0478, -101.4054. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.04780, -101.40536 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
9,737 ft
1 wells filed one
Completion to plug
14 months
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 9,737 ft.

Completions filed
Sep 2014
1 of 1 wells
Plug dates filed
Nov 2015
1 of 1 wells

Last completion to plug: a median of 14 months across the 1 well that filed both dates, with the middle half between 14 months and 14 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1733475319,737 ftSep 2014Nov 2015Yes

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 (46)

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

46 months

Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 201534048.152.95$1,637
Jun 201566056.152.88$3,706
May 20150055.212.96$0
Apr 20150349.822.71$8
Mar 201502442.892.93$70
Feb 20150444.662.98$12
Jan 2015781143.433.10$3,422
Dec 201402754.693.59$97
Nov 201407170.464.25$302
Oct 201436478.303.90$485
Sep 20144086.164.05$345
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20143098.164.74$294
May 20140094.734.73$0
Apr 20144095.944.81$384
Mar 20140095.895.06$0
Feb 20149097.406.19$877
Jan 20140090.404.86$0
Dec 201317091.824.35$1,561
Nov 201333088.853.74$2,932
Oct 2013107097.423.78$10,424
Sep 2013090104.113.72$335
Aug 2013235487104.253.52$26,214
Jul 2013150938102.523.72$18,865
Jun 201301,02994.403.93$4,047
May 20137086194.834.15$10,210
Apr 201338132893.964.28$37,203
Mar 201329088793.623.91$30,621
Feb 201319282091.233.42$20,320
Jan 201327087891.603.42$27,735
Dec 20123381,05486.773.42$32,933
Nov 201234465286.953.62$32,274
Oct 201252175489.383.40$49,130
Sep 20126519694.672.92$61,910
Aug 2012930092.662.91$86,174
Jul 2012335085.133.02$28,519
Jun 201252364979.822.52$43,381
May 20121,06298291.612.49$99,733
Apr 201200101.652.00$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.

Jul 2015 — as filed, then multipliedworked
Oil                   34 bbl  × $ 48.15 =     $1,637
Casinghead gas         0 Mcf  × $  2.95 =         $0

────────────────────────────────────────────────────
Month total                                   $1,637

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/43383 is the state's own key, not one this site invented.