TROPHY CLUB 8

Operated by VANTAGE FORT WORTH ENERGY LLC (P-5 882575) 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 232312District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.2 M
Oct 2005 – Feb 2015
Value, last 12 filed months
$217
at the published price for each month
Months reported
113
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

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
High Cost Gas112008-01-28166772
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
CondensateDisposition93 bbl$8,220
GasProduction321,609 Mcf$2,170,693
Total$2,178,913

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 33.0063, -97.1907. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.00625, -97.19071 · 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
7,514 ft
1 wells filed one
Completion to plug
9.4 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 7,514 ft.

Completions filed
Sep 2005
1 of 1 wells
Plug dates filed
Feb 2015
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

42-121326598205SL7,514 ftSep 2005Feb 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 (113)

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

113 months

Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 201404395.895.06$217
Feb 2014020597.406.19$1,269
Jan 2014062790.404.86$3,048
Dec 2013062591.824.35$2,722
Nov 2013062988.853.74$2,351
Oct 2013096997.423.78$3,662
Sep 20130656104.113.72$2,439
Aug 201301,196104.253.52$4,213
Jul 20130563102.523.72$2,093
Jun 2013066694.403.93$2,620
May 20130094.834.15$0
Apr 2013067193.964.28$2,874
Mar 201301,07393.623.91$4,199
Feb 2013088291.233.42$3,016
Jan 201301,20591.603.42$4,121
Dec 201201,86186.773.42$6,365
Nov 2012094286.953.62$3,415
Oct 2012099589.383.40$3,383
Sep 201201,00494.672.92$2,930
Aug 2012085192.662.91$2,475
Jul 2012012985.133.02$390
Jun 2012019579.822.52$491
May 201202,48891.612.49$6,191
Apr 20120189101.652.00$377
Mar 201201,332105.052.22$2,960
Feb 201200101.102.57$0
Jan 20128898.092.73$807
Dec 20111513196.873.24$1,877
Nov 20111389195.723.31$4,195
Oct 201191,54884.983.65$6,413
Sep 201171,11383.623.99$5,022
Aug 20111092583.404.15$4,672
Jul 2011089894.144.52$4,056
Jun 2011049992.904.64$2,315
May 201121,05098.134.40$4,821
Apr 20110194105.964.33$841
Mar 2011059896.364.06$2,426
Feb 2011296085.644.18$4,184
Jan 201171,47786.504.59$7,383
Dec 201011,39985.734.35$6,168
Nov 201042,61780.843.80$10,256
Oct 201003,31678.103.51$11,635
Sep 201002,13372.633.98$8,488
Aug 201001,70873.684.42$7,548
Jul 201002,33172.554.74$11,041
Jun 201012,44770.364.91$12,086
May 201042,32171.124.24$10,114
Apr 2010102,66481.694.12$11,800
Mar 201002,41278.394.39$10,585
Feb 201003,31373.585.44$18,031
Jan 201002,57274.365.96$15,340
Dec 200903,36971.445.48$18,475
Nov 200904,73074.593.75$17,745
Oct 200904,19072.544.11$17,222
Sep 200904,10665.543.06$12,584
Aug 200904,14067.423.22$13,325
Jul 200903,63361.133.46$12,587
Jun 200904,02566.163.90$15,677
May 200903,85254.743.93$15,122
Apr 200903,22646.773.59$11,573
Mar 200903,48842.144.06$14,158
Feb 200903,04632.814.63$14,112
Jan 200903,07435.865.37$16,510
Dec 200803,49537.105.98$20,890
Nov 200803,76655.496.86$25,836
Oct 200803,66475.246.92$25,362
Sep 200803,785101.767.88$29,815
Aug 200803,980114.228.48$33,762
Jul 200804,462131.0811.39$50,820
Jun 200802,571131.3313.03$33,507
May 200803,825123.1711.57$44,272
Apr 200803,984110.3110.45$41,652
Mar 200803,964101.909.66$38,308
Feb 200804,29392.538.77$37,652
Jan 200804,67990.388.21$38,395
Dec 200704,45488.337.30$32,523
Nov 200704,19191.677.29$30,560
Oct 200704,54082.856.92$31,426
Sep 200707,66175.846.24$47,837
Aug 200702,57569.066.39$16,449
Jul 200704,51270.906.39$28,822
Jun 200704,11862.007.55$31,085
May 200704,52958.747.85$35,536
Apr 200704,50459.617.81$35,155
Mar 200705,33056.927.30$38,920
Feb 200705,54155.108.22$45,525
Jan 200705,06350.306.73$34,058
Dec 200604,87456.656.92$33,720
Nov 200605,87054.207.62$44,715
Oct 200605,31754.906.01$31,975
Sep 200605,08360.085.04$25,604
Aug 200607,77868.717.34$57,090
Jul 200608,69469.376.34$55,144
Jun 200609,03666.286.38$57,685
May 2006010,85566.016.42$69,743
Apr 2006011,34364.397.36$83,490
Mar 2006013,95856.707.08$98,863
Feb 200606,55857.597.75$50,832
Jan 200603,73660.598.93$33,375
Dec 2005013,10654.9413.42$175,822
Nov 20050054.6910.59$0
Oct 200507,51558.3413.80$103,675

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.

Mar 2014 — as filed, then multipliedworked
Condensate             0 bbl  × $ 95.89 =         $0
Gas                   43 Mcf  × $  5.06 =       $217

────────────────────────────────────────────────────
Month total                                     $217

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/232312 is the state's own key, not one this site invented.