NEUMANN 2C

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 44175District 08Field 33998500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$642 k
Mar 2013 – Jun 2016
Value, last 12 filed months
$57 k
at the published price for each month
Months reported
40
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
OilDisposition7,065 bbl$576,872
Casinghead gasProduction16,763 Mcf$65,331
Total$642,203

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 31.8930, -101.4083. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.89296, -101.40831 · 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
9,867 ft
1 wells filed one
Completion to plug
3.2 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 9,867 ft.

Completions filed
Mar 2013
1 of 1 wells
Plug dates filed
May 2016
1 of 1 wells

Last completion to plug: a median of 3.2 years across the 1 well that filed both dates, with the middle half between 3.2 years and 3.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1733524219,867 ftMar 2013May 2016Yes

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 (40)

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

40 months

Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 2016033136.561.99$659
Mar 20168033.011.79$264
Feb 201659026.472.06$1,562
Jan 2016348927.352.36$1,140
Dec 201591232.362.00$315
Nov 201521038.792.17$815
Oct 20151246543.552.43$5,558
Sep 201551062142.992.76$23,638
Aug 20153081,07640.162.87$15,460
Jul 201514235148.152.95$7,871
Jun 201522122056.152.88$13,043
May 20152613755.212.96$1,840
Apr 2015933049.822.71$1,342
Mar 2015693942.892.93$3,074
Feb 2015418544.662.98$729
Jan 20151901,20843.433.10$11,997
Dec 201418278954.693.59$12,787
Nov 201416148670.464.25$13,410
Oct 201416724178.303.90$14,016
Sep 201415682686.164.05$16,782
Aug 20141717789.394.04$2,234
Jul 201401196.564.18$46
Jun 201402798.164.74$128
May 20142541194.734.73$24,113
Apr 20146622,40995.944.81$75,097
Mar 20145461,05695.895.06$57,696
Feb 201415947897.406.19$18,446
Jan 20148237590.404.86$9,236
Dec 20130091.824.35$0
Nov 201325088.853.74$2,221
Oct 201330334397.423.78$30,815
Sep 20136341,432104.113.72$71,330
Aug 20133981,130104.253.52$45,472
Jul 201300102.523.72$0
Jun 2013137094.403.93$12,933
May 201347387494.834.15$48,481
Apr 20139691,16893.964.28$96,049
Mar 2013626693.623.91$1,603

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.

Apr 2016 — as filed, then multipliedworked
Oil                    0 bbl  × $ 36.56 =         $0
Casinghead gas       331 Mcf  × $  1.99 =       $659

────────────────────────────────────────────────────
Month total                                     $659

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/44175 is the state's own key, not one this site invented.