REEF -A-

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

Oil lease lease 4552District 08Field 66669500NGPA filingOilCasinghead gasSaveExport
Value, all time
$10.1 M
Jan 1993 – Oct 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
358
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 28 leases and 59 wells, and the rule below applies to all of them.

Discovered
1953-08-03
as the register files it
Field class
Oil
the register's own label
Between wells
990 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres.

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
NGPA1none

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
OilDisposition219,989 bbl$9,333,237
Casinghead gasProduction229,541 Mcf$814,434
Total$10,147,670

47,598 Mcf of this lease's gas, across 48 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 (5)

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 32.5146, -101.5811. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.51503, -101.58055 · 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%
5 of 5 wells
With a plug date
100.0%
5 of 5 wells
Median depth
8,200 ft
5 wells filed one
Completion to plug
27.5 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
5100.0%
A plug date is filed
5100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
5100.0%
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 8,181 and 8,318 ft, median 8,200 ft, over the 5 wells that filed a depth.

Completions filed
May 1981 – Feb 2006
3 of 5 wells; 2 filed none
Plug dates filed
Mar 1979 – Sep 2021
5 of 5 wells

Last completion to plug: a median of 27.5 years across the 3 wells that filed both dates, with the middle half between 21.6 years and 33.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-2270265138,200 ftDec 1993Yes
42-2270265248,181 ftMar 1979Yes
42-2270264918,283 ftFeb 2006Sep 2021Yes
42-2270265028,190 ftNov 1993May 2021Yes
42-2273235158,318 ftMay 1981Apr 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 (358)

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

358 months

Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 2021163070.783.98$11,537
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 2019182046.033.23$8,377
Dec 2018174046.594.19$8,107
Nov 201801,81752.934.24$7,699
Oct 201801,41361.443.40$4,801
Sep 2018048259.543.11$1,498
Aug 20180059.403.07$0
Jul 2018011865.142.93$346
Jun 201801,47860.183.08$4,548
May 2018167065.382.90$10,918
Apr 201816672663.842.90$12,703
Mar 2018022461.222.79$624
Feb 201833167261.782.77$22,308
Jan 201816756962.874.01$12,781
Dec 201733682957.272.92$21,665
Nov 201733847755.423.12$20,219
Oct 201766365049.292.98$34,619
Sep 201717548147.523.09$9,801
Aug 201707645.373.00$228
Jul 201734323543.873.09$15,773
Jun 201716339042.493.09$8,130
May 201734249045.373.26$17,116
Apr 201716839847.933.21$9,330
Mar 201766171846.772.98$33,057
Feb 201766459250.452.95$35,247
Jan 201733959049.413.42$18,767
Dec 201617065348.763.72$10,720
Nov 201603442.492.64$90
Oct 201613231046.193.09$7,055
Sep 201651655441.553.10$23,158
Aug 201651164341.442.92$23,056
Jul 201616941641.622.92$8,250
Jun 201668676445.352.69$33,162
May 201634663742.521.99$15,980
Apr 201650377236.561.99$19,927
Mar 201668882833.011.79$24,196
Feb 201669386726.472.06$20,133
Jan 201650972627.352.36$15,638
Dec 201567977432.362.00$23,522
Nov 201566283338.792.17$27,484
Oct 201551766843.552.43$24,136
Sep 20151673642.992.76$7,279
Aug 20150040.162.87$0
Jul 2015185048.152.95$8,908
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 201517554649.822.71$10,196
Mar 201570951342.892.93$31,915
Feb 201517054344.662.98$9,208
Jan 20150043.433.10$0
Dec 201453534854.693.59$30,509
Nov 201434174070.464.25$27,173
Oct 201470565378.303.90$57,749
Sep 201485977686.164.05$77,151
Aug 201433974489.394.04$33,305
Jul 20141,02974796.564.18$102,482
Jun 201434068898.164.74$36,633
May 201472167194.734.73$71,472
Apr 201436768595.944.81$38,504
Mar 2014739095.895.06$70,863
Feb 201433254197.406.19$35,687
Jan 201468974790.404.86$65,917
Dec 201352073191.824.35$50,930
Nov 201369170888.853.74$64,042
Oct 201369086297.423.78$70,478
Sep 2013509785104.113.72$55,910
Aug 2013675966104.253.52$73,772
Jul 2013510716102.523.72$54,947
Jun 201368179394.403.93$67,406
May 201350688294.834.15$51,643
Apr 201367794093.964.28$67,637
Mar 20136801,03393.623.91$67,704
Feb 20136851,06591.233.42$66,135
Jan 201368586791.603.42$65,711
Dec 201268088986.773.42$62,044
Nov 201267779086.953.62$61,729
Oct 201233461389.383.40$31,937
Sep 201204994.672.92$143
Aug 201249114192.662.91$45,906
Jul 201251363985.133.02$45,602
Jun 201250586979.822.52$42,498
May 201253582091.612.49$51,052
Apr 2012701944101.652.00$73,142
Mar 20126981,015105.052.22$75,580
Feb 2012712820101.102.57$74,091
Jan 201286682598.092.73$87,202
Dec 201169288196.873.24$69,888
Nov 20113571,24795.723.31$38,301
Oct 20118441,17784.983.65$76,017
Sep 20117311,11983.623.99$65,586
Aug 201116949083.404.15$16,128
Jul 20110694.144.52$27
Jun 201150451292.904.64$49,197
May 201167287298.134.40$69,784
Apr 2011504723105.964.33$56,537
Mar 201184076596.364.06$84,046
Feb 201167671385.644.18$60,873
Jan 201167686386.504.59$62,434
Dec 201084454785.734.35$74,734
Nov 201066955280.843.80$56,177
Oct 201051521978.103.51$40,990
Sep 201032442072.633.98$25,204
Aug 201050743473.684.42$39,274
Jul 201050827972.554.74$38,177
Jun 201082948670.364.91$60,715
May 201066569671.124.24$50,243
Apr 201066739581.694.12$56,116
Mar 201066956578.394.39$54,923
Feb 201049145273.585.44$38,588
Jan 201064860574.365.96$51,794
Dec 200950331171.445.48$37,640
Nov 200932737574.593.75$25,798
Oct 200967333072.544.11$50,176
Sep 200966844265.543.06$45,135
Aug 200950843367.423.22$35,643
Jul 200966021461.133.46$41,087
Jun 200965643466.163.90$45,091
May 200949456754.743.93$29,267
Apr 200983826446.773.59$40,140
Mar 200951154042.144.06$23,725
Feb 200967656032.814.63$24,774
Jan 200968766535.865.37$28,208
Dec 200850672837.105.98$23,124
Nov 20081,03257855.496.86$61,231
Oct 200850858275.246.92$42,251
Sep 2008337469101.767.88$37,987
Aug 2008676621114.228.48$82,481
Jul 20081,024869131.0811.39$144,123
Jun 2008490764131.3313.03$74,309
May 2008992884123.1711.57$132,416
Apr 2008512547110.3110.45$62,198
Mar 2008526948101.909.66$62,761
Feb 200888286592.538.77$89,198
Jan 20081,02380290.388.21$99,040
Dec 200753021688.337.30$48,392
Nov 200769948291.677.29$67,592
Oct 200752579782.856.92$49,013
Sep 20071,0071,10175.846.24$83,246
Aug 200753780369.066.39$42,215
Jul 20078251,01170.906.39$64,951
Jun 20078711,11062.007.55$62,381
May 20071,06391158.747.85$69,589
Apr 200771064759.617.81$47,373
Mar 20071,0271,15856.927.30$66,913
Feb 20077021,07955.108.22$47,545
Jan 20071,2081,27550.306.73$69,339
Dec 20061,0571,30456.656.92$68,901
Nov 20061,2021,37554.207.62$75,622
Oct 20061,3861,16254.906.01$83,079
Sep 200685171360.085.04$54,720
Aug 20061,2501,44868.717.34$96,516
Jul 20061,2301,65869.376.34$95,841
Jun 20061,4121,72166.286.38$104,574
May 20061,4231,71766.016.42$104,964
Apr 20061,8251,89264.397.36$131,438
Mar 20062,3962,50456.707.08$153,589
Feb 20061,0721,37257.597.75$72,371
Jan 20061889260.598.93$12,213
Dec 200518116554.9413.42$12,158
Nov 200517919054.6910.59$11,801
Oct 200517318358.3413.80$12,617
Sep 200517619361.4512.08$13,146
Aug 200516321061.519.80$12,083
Jul 200534621555.697.84$20,955
Jun 200503252.337.38$236
May 200515219245.226.65$8,150
Apr 200533122049.207.36$17,905
Mar 200505350.377.15$379
Feb 200507245.226.31$454
Jan 200533718843.166.32$15,733
Dec 200434231139.866.75$15,732
Nov 200471868645.286.33$36,854
Oct 200488888749.706.52$49,912
Sep 200471595843.245.28$35,979
Aug 200469778242.375.55$33,873
Jul 200472492838.286.08$33,361
Jun 200489185536.106.43$37,665
May 200453253637.486.49$23,420
Apr 200471686734.475.86$29,760
Mar 20041,00588334.365.53$39,415
Feb 200472241632.455.51$25,721
Jan 200469753932.036.30$25,720
Dec 200389078530.266.30$31,878
Nov 200374278128.804.60$24,958
Oct 200387889328.174.76$28,984
Sep 200386892226.314.75$27,216
Aug 200388490829.765.13$30,966
Jul 200316935629.415.17$6,811
Jun 200371661828.565.98$24,146
May 200355063426.595.97$18,411
Apr 200373063426.675.41$22,897
Mar 200374264131.146.10$27,013
Feb 200355254633.487.93$22,808
Jan 200371161830.315.58$25,000
Dec 200272560326.914.85$22,437
Nov 200268956324.664.14$19,320
Oct 200274032526.464.23$20,955
Sep 200273863327.443.64$22,552
Aug 200275869125.963.16$21,864
Jul 200274670824.583.06$20,504
Jun 200256767323.733.34$15,702
May 200271274824.663.58$20,239
Apr 200270470923.653.51$19,140
Mar 200275774522.003.10$18,966
Feb 200274662518.222.38$15,077
Jan 200274168217.172.38$14,343
Dec 20011,09568816.932.36$20,165
Nov 200153871618.072.41$11,444
Oct 200175879019.782.53$16,991
Sep 200168769524.262.25$18,231
Aug 200186691324.873.05$24,325
Jul 200179296023.933.20$22,022
Jun 200181887724.563.82$23,444
May 200186689325.524.31$25,947
Apr 200172367324.685.34$21,434
Mar 200182276424.545.38$24,279
Feb 200180478327.755.77$26,827
Jan 200184675227.478.40$29,555
Dec 200086479426.889.12$30,468
Nov 200076284732.215.66$29,336
Oct 200081283131.235.15$29,635
Sep 200081082331.875.19$30,083
Aug 200088785529.644.54$30,173
Jul 200088786828.534.09$28,856
Jun 2000872029.304.40$25,550
May 200085290427.263.68$26,552
Apr 200089486024.513.12$24,592
Mar 200088985428.422.86$27,708
Feb 200094381027.622.73$28,254
Jan 20001,16785525.272.48$31,611
Dec 199993985324.282.42$24,866
Nov 199987282723.192.43$22,235
Oct 199938938020.982.80$9,227
Sep 199925818621.752.62$6,099
Aug 199922521519.262.88$4,952
Jul 199923321617.892.37$4,681
Jun 199925822615.942.36$4,646
May 199983268015.792.32$14,716
Apr 199980770715.102.21$13,747
Mar 19999401,05112.471.84$13,654
Feb 19997628009.981.82$9,059
Jan 199983474010.381.90$10,063
Dec 19989477609.201.77$10,060
Nov 19989471,00610.892.19$12,512
Oct 19981,3751,04712.421.97$19,139
Sep 199892295012.592.08$13,586
Aug 19989291,11811.301.91$12,630
Jul 19989261,04611.742.24$13,211
Jun 199892295711.242.24$12,504
May 199892588112.622.21$13,617
Apr 19981,35384813.042.51$19,768
Mar 199888578712.802.31$13,146
Feb 199847757813.952.30$7,983
Jan 199894079214.702.15$15,525
Dec 19971,5371,55116.322.41$28,823
Nov 19971,3601,08918.193.09$28,102
Oct 199789393219.253.15$20,126
Sep 19971,3171,07217.742.95$26,531
Aug 19979151,03817.862.55$18,994
Jul 199790479017.582.25$17,667
Jun 199783157217.242.26$15,618
May 19978971,14918.972.31$19,669
Apr 19971,3851,22417.882.08$27,313
Mar 199791389118.951.94$19,029
Feb 199781657720.492.21$17,993
Jan 19971,37099823.483.54$35,700
Dec 19961,39093023.32$32,415
Nov 199684475521.97$18,543
Oct 19961,3281,12623.31$30,956
Sep 19968681,11722.22$19,287
Aug 19961,3211,12720.26$26,763
Jul 19968841,39119.55$17,282
Jun 19961,3041,08818.73$24,424
May 19969031,51919.43$17,545
Apr 19968521,11421.51$18,327
Mar 19961,3071,17919.38$25,330
Feb 19961,3261,06416.98$22,515
Jan 19961,3271,28517.07$22,652
Dec 19951,3311,14517.19$22,880
Nov 19951,19088116.00$19,040
Oct 19951,3621,23515.43$21,016
Sep 19951,2971,21916.18$20,985
Aug 19951,6381,41615.92$26,077
Jul 19959061,40715.24$13,807
Jun 19951,2291,21116.41$20,168
May 19951,3821,30817.56$24,268
Apr 19951,1791,22217.73$20,904
Mar 19951,7491,76816.44$28,754
Feb 199585395916.58$14,143
Jan 19951,7761,28415.92$28,274
Dec 19941,3301,38915.03$19,990
Nov 19941,3931,25815.90$22,149
Oct 19941,8641,55715.58$29,041
Sep 19941,23348015.29$18,853
Aug 19941,38997916.13$22,405
Jul 19941,7361,75017.56$30,484
Jun 19949341,48917.09$15,962
May 199493067615.88$14,768
Apr 199489694114.14$12,669
Mar 199494292112.46$11,737
Feb 199495281712.50$11,900
Jan 19941,4311,01412.66$18,116
Dec 19931,4261,09512.33$17,583
Nov 199350776614.49$7,346
Oct 199346734615.85$7,402
Sep 199347049615.03$7,064
Aug 199346434015.66$7,266
Jul 199347037915.46$7,266
Jun 1993040216.79$0
May 199347936417.68$8,469
Apr 199346938318.05$8,465
Mar 199350940818.14$9,233
Feb 199347131517.90$8,431
Jan 1993028316.93$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 2021 — as filed, then multipliedworked
Oil                  163 bbl  × $ 70.78 =    $11,537
Casinghead gas         0 Mcf  × $  3.98 =         $0

────────────────────────────────────────────────────
Month total                                  $11,537

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/4552 is the state's own key, not one this site invented.