PATE-SHAW UNIT "A"

Operated by PREMIER NATURAL RESOURCES II,LLC (P-5 676024) 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 218360District 09Field 65280200CondensateGasSaveExport
Value, all time
$2.4 M
Mar 2006 – Jun 2014
Value, last 12 filed months
$0
at the published price for each month
Months reported
100
no gaps in the span
Streams
2
condensate, 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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
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 20 acres. The field rule took effect on 2009-09-29.

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
CondensateDisposition166 bbl$11,845
GasProduction362,085 Mcf$2,430,721
Total$2,442,566

Every month this lease reported (100)

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

100 months

Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
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 20138991.233.42$761
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 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 2010109073.684.42$8,031
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 2010086181.694.12$3,550
Mar 201004,51778.394.39$19,824
Feb 201023,88773.585.44$21,302
Jan 201003,88474.365.96$23,165
Dec 200904,13571.445.48$22,675
Nov 200904,09974.593.75$15,377
Oct 200904,94272.544.11$20,313
Sep 200903,59865.543.06$11,027
Aug 200904,49467.423.22$14,464
Jul 200904,79261.133.46$16,602
Jun 200904,94466.163.90$19,257
May 200905,33954.743.93$20,960
Apr 200904,66546.773.59$16,736
Mar 200905,84942.144.06$23,741
Feb 200905,02632.814.63$23,285
Jan 200905,45635.865.37$29,304
Dec 200805,54737.105.98$33,155
Nov 200803,09155.496.86$21,205
Oct 200804,58975.246.92$31,765
Sep 200805,892101.767.88$46,412
Aug 200805,149114.228.48$43,679
Jul 200806,259131.0811.39$71,286
Jun 200806,552131.3313.03$85,390
May 200806,546123.1711.57$75,765
Apr 200803,264110.3110.45$34,125
Mar 20080128101.909.66$1,237
Feb 200805892.538.77$509
Jan 200803,26190.388.21$26,759
Dec 200706,67988.337.30$48,770
Nov 200726,42491.677.29$47,025
Oct 200709,07482.856.92$62,810
Sep 200707,89775.846.24$49,310
Aug 200707,57669.066.39$48,395
Jul 200708,18970.906.39$52,311
Jun 200708,35362.007.55$63,052
May 2007119,14258.747.85$72,377
Apr 200769,68059.617.81$75,912
Mar 2007810,51156.927.30$77,206
Feb 200715,81555.108.22$47,831
Jan 2007012,48250.306.73$83,965
Dec 2006013,70756.656.92$94,831
Nov 200609,90354.207.62$75,436
Oct 200617,43054.906.01$44,737
Sep 2006117,05760.085.04$85,980
Aug 2006016,41868.717.34$120,507
Jul 2006411,41569.376.34$72,680
Jun 2006011,57166.286.38$73,868
May 2006617,44666.016.42$112,487
Apr 2006724,23364.397.36$178,817
Mar 2006010,25056.707.08$72,600

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             8 bbl  × $ 91.23 =       $730
Gas                    9 Mcf  × $  3.42 =        $31

────────────────────────────────────────────────────
Month total                                     $761

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/218360 is the state's own key, not one this site invented.