PENNINGTON-PETTIBON GAS UNIT

Operated by LEGEND NATURAL GAS IV, LP (P-5 495557) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 202180District 09Field 65280200CondensateGasSave
Value, all time
$1.2 M
Apr 2004 – Sep 2013
Value, last 12 filed months
$31
at the published price for each month
Months reported
114
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition40 bbl$1,488
GasProduction196,363 Mcf$1,223,672
Total$1,225,160

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 33.1490, -97.1484. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.14896, -97.14838 · 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
8,950 ft
1 wells filed one
Completion to plug
9.4 years
median over 1 wells

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 8,950 ft.

Completions filed
Apr 2004
1 of 1 wells
Plug dates filed
Sep 2013
1 of 1 wells

Last completion to plug: a median of 9.4 years across the 1 well that filed both dates, with the middle half between 9.4 years and 9.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1213220218,950 ftApr 2004Sep 2013Yes

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 (114)

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

114 months

Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130991.233.42$31
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 201204492.662.91$128
Jul 201203685.133.02$109
Jun 201201179.822.52$28
May 201202191.612.49$52
Apr 2012087101.652.00$174
Mar 2012039105.052.22$87
Feb 2012029101.102.57$75
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 2011038595.723.31$1,275
Oct 2011062884.983.65$2,291
Sep 2011067483.623.99$2,686
Aug 2011088783.404.15$3,680
Jul 2011042594.144.52$1,920
Jun 2011027492.904.64$1,271
May 2011081898.134.40$3,603
Apr 201101,144105.964.33$4,957
Mar 201101,11196.364.06$4,508
Feb 201101,08385.644.18$4,527
Jan 2011079686.504.59$3,653
Dec 201001,41085.734.35$6,130
Nov 2010034780.843.80$1,317
Oct 201001,51878.103.51$5,327
Sep 201001,55572.633.98$6,188
Aug 201001,29673.684.42$5,727
Jul 201001,02472.554.74$4,850
Jun 201001,30070.364.91$6,384
May 201001,69371.124.24$7,170
Apr 201001,61381.694.12$6,650
Mar 201001,69578.394.39$7,439
Feb 201001,79473.585.44$9,764
Jan 201002,01474.365.96$12,012
Dec 200902,10771.445.48$11,554
Nov 200901,77974.593.75$6,674
Oct 200901,98272.544.11$8,147
Sep 200902,11265.543.06$6,473
Aug 200902,36367.423.22$7,605
Jul 200902,52461.133.46$8,744
Jun 200902,40666.163.90$9,371
May 200902,50454.743.93$9,830
Apr 200902,43246.773.59$8,725
Mar 200902,83142.144.06$11,491
Feb 20090032.814.63$0
Jan 200902,55135.865.37$13,701
Dec 200802,81537.105.98$16,826
Nov 200802,90555.496.86$19,929
Oct 200803,46075.246.92$23,950
Sep 200803,605101.767.88$28,397
Aug 200803,992114.228.48$33,864
Jul 200804,506131.0811.39$51,321
Jun 200803,405131.3313.03$44,376
May 20080483123.1711.57$5,590
Apr 20080752110.3110.45$7,862
Mar 20080836101.909.66$8,079
Feb 2008057292.538.77$5,017
Jan 200801,01690.388.21$8,337
Dec 200701,01288.337.30$7,390
Nov 200701,05191.677.29$7,664
Oct 200701,06982.856.92$7,400
Sep 2007099675.846.24$6,219
Aug 2007089469.066.39$5,711
Jul 2007087370.906.39$5,577
Jun 2007075262.007.55$5,676
May 2007023658.747.85$1,852
Apr 200701,80259.617.81$14,065
Mar 200701,48956.927.30$10,873
Feb 2007015455.108.22$1,265
Jan 200701,18050.306.73$7,938
Dec 200601,18956.656.92$8,226
Nov 2006098854.207.62$7,526
Oct 2006086454.906.01$5,196
Sep 2006089260.085.04$4,493
Aug 2006083068.717.34$6,092
Jul 2006095769.376.34$6,070
Jun 2006029566.286.38$1,883
May 2006041166.016.42$2,641
Apr 2006039664.397.36$2,915
Mar 2006033756.707.08$2,387
Feb 2006023457.597.75$1,814
Jan 2006029460.598.93$2,626
Dec 2005020354.9413.42$2,723
Nov 2005013954.6910.59$1,472
Oct 2005028158.3413.80$3,877
Sep 2005028661.4512.08$3,455
Aug 200501961.519.80$186
Jul 200503,40255.697.84$26,684
Jun 200502,81852.337.38$20,800
May 200503,25945.226.65$21,676
Apr 200501,98749.207.36$14,625
Mar 200502,33050.377.15$16,671
Feb 200504,48445.226.31$28,303
Jan 200507,73743.166.32$48,915
Dec 200407,72239.866.75$52,132
Nov 200446,28145.286.33$39,942
Oct 200406,67849.706.52$43,508
Sep 200426,24943.245.28$33,106
Aug 200407,38042.375.55$40,964
Jul 200408,84638.286.08$53,821
Jun 200402,89436.106.43$18,617
May 2004168,96937.486.49$58,850
Apr 20041815,50634.475.86$91,462

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.

Feb 2013 — as filed, then multipliedworked
Condensate             0 bbl  × $ 91.23 =         $0
Gas                    9 Mcf  × $  3.42 =        $31

────────────────────────────────────────────────────
Month total                                      $31

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. 09/G/202180 is the state's own key, not one this site invented.