PHILLIPS

Operated by EOG RESOURCES, INC. (P-5 253162) 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 274345District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$821 k
May 2009 – Aug 2021
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
148
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 Gas112014-12-18209031
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
CondensateDisposition4,567 bbl$329,962
GasProduction116,577 Mcf$491,057
Total$821,019

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 33.5093, -97.4560. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.50927, -97.45598 · 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
8,511 ft
1 wells filed one
Completion to plug
14.4 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 8,511 ft.

Completions filed
Mar 2007
1 of 1 wells
Plug dates filed
Aug 2021
1 of 1 wells

Last completion to plug: a median of 14.4 years across the 1 well that filed both dates, with the middle half between 14.4 years and 14.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-0973385318,511 ftMar 2007Aug 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 (148)

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

148 months

Aug 2021159066.024.22$10,497
Jul 202106670.783.98$263
Jun 2021011769.493.38$396
May 202101363.483.02$39
Apr 2021014160.362.76$389
Mar 202108161.302.72$220
Feb 2021014057.805.55$777
Jan 20210050.412.81$0
Dec 202009344.642.68$249
Nov 2020040638.772.71$1,099
Oct 20200036.972.48$0
Sep 202001737.091.99$34
Aug 20200039.982.39$0
Jul 202001538.371.83$27
Jun 20200034.901.69$0
May 202006116.921.81$111
Apr 20200014.751.80$0
Mar 2020010430.341.86$193
Feb 2020011049.881.98$218
Jan 2020025157.252.09$526
Dec 2019013559.012.30$311
Nov 2019132755.302.75$7,319
Oct 2019010453.472.42$252
Sep 2019010455.052.66$276
Aug 2019011853.112.30$272
Jul 201909856.272.46$241
Jun 201909552.782.49$237
May 201908658.482.74$236
Apr 2019013962.632.75$382
Mar 201909756.803.06$297
Feb 2019010650.852.79$296
Jan 201909346.033.23$300
Dec 201810513146.594.19$5,440
Nov 2018013252.934.24$559
Oct 20184710661.443.40$3,248
Sep 2018011359.543.11$351
Aug 2018011359.403.07$347
Jul 2018012865.142.93$375
Jun 2018013260.183.08$406
May 2018010765.382.90$310
Apr 2018013963.842.90$403
Mar 2018011861.222.79$329
Feb 2018012461.782.77$343
Jan 2018011462.874.01$457
Dec 201714411257.272.92$8,574
Nov 2017013555.423.12$421
Oct 2017010349.292.98$307
Sep 2017012047.523.09$370
Aug 2017011745.373.00$352
Jul 2017010743.873.09$330
Jun 2017010542.493.09$324
May 2017011045.373.26$359
Apr 201717910647.933.21$8,920
Mar 2017010946.772.98$325
Feb 201706950.452.95$204
Jan 201709749.413.42$332
Dec 201609848.763.72$365
Nov 201608342.492.64$219
Oct 2016010346.193.09$318
Sep 2016011941.553.10$369
Aug 201678241.442.92$530
Jul 2016010541.622.92$307
Jun 201608445.352.69$226
May 2016010342.521.99$205
Apr 201609136.561.99$181
Mar 20161627033.011.79$5,473
Feb 201609426.472.06$194
Jan 201607327.352.36$173
Dec 201508332.362.00$166
Nov 2015011038.792.17$238
Oct 201507543.552.43$182
Sep 201509542.992.76$262
Aug 2015011240.162.87$322
Jul 201508648.152.95$253
Jun 2015012556.152.88$360
May 2015016855.212.96$497
Apr 201517112049.822.71$8,844
Mar 2015017942.892.93$525
Feb 2015011244.662.98$333
Jan 2015010343.433.10$319
Dec 2014011254.693.59$402
Nov 2014012470.464.25$527
Oct 2014011078.303.90$429
Sep 2014011286.164.05$453
Aug 2014010289.394.04$412
Jul 2014012196.564.18$506
Jun 201417412498.164.74$17,667
May 2014011294.734.73$529
Apr 2014013495.944.81$644
Mar 2014018095.895.06$910
Feb 2014013397.406.19$824
Jan 2014024090.404.86$1,167
Dec 2013027091.824.35$1,176
Nov 20139119788.853.74$8,822
Oct 2013018297.423.78$688
Sep 20130150104.113.72$558
Aug 2013181172104.253.52$19,475
Jul 20130153102.523.72$569
Jun 2013017194.403.93$673
May 2013017494.834.15$722
Apr 2013015993.964.28$681
Mar 201312018893.623.91$11,970
Feb 2013015891.233.42$540
Jan 2013019791.603.42$674
Dec 201214620486.773.42$13,366
Nov 2012017286.953.62$623
Oct 2012012989.383.40$439
Sep 2012016794.672.92$487
Aug 2012024292.662.91$704
Jul 2012017985.133.02$541
Jun 2012016079.822.52$403
May 2012012391.612.49$306
Apr 20120167101.652.00$333
Mar 20120124105.052.22$276
Feb 2012049101.102.57$126
Jan 20120098.092.73$0
Dec 2011028096.873.24$907
Nov 2011136095.723.31$13,018
Oct 201103684.983.65$131
Sep 20110283.623.99$8
Aug 201101,14183.404.15$4,734
Jul 201101,08294.144.52$4,888
Jun 20111721,36892.904.64$22,326
May 201101,81798.134.40$8,004
Apr 20110890105.964.33$3,857
Mar 201101,99096.364.06$8,074
Feb 201101,76685.644.18$7,382
Jan 201102,33086.504.59$10,692
Dec 20101722,44585.734.35$25,376
Nov 20101742,43080.843.80$23,289
Oct 201002,57978.103.51$9,049
Sep 201003,29672.633.98$13,116
Aug 20101685,31873.684.42$35,880
Jul 201005,49272.554.74$26,013
Jun 20101675,16770.364.91$37,122
May 20101725,17271.124.24$34,137
Apr 201005,60781.694.12$23,116
Mar 20101716,21678.394.39$40,685
Feb 20101705,41673.585.44$41,984
Jan 20101706,30374.365.96$50,233
Dec 20091666,39771.445.48$46,939
Nov 20091806,31774.593.75$37,124
Oct 200906,83672.544.11$28,098
Sep 20093806,90765.543.06$46,073
Aug 20091746,34867.423.22$32,162
Jul 20091771,87261.133.46$17,306
Jun 2009024966.163.90$970
May 20090054.743.93$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.

Aug 2021 — as filed, then multipliedworked
Condensate           159 bbl  × $ 66.02 =    $10,497
Gas                    0 Mcf  × $  4.22 =         $0

────────────────────────────────────────────────────
Month total                                  $10,497

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/274345 is the state's own key, not one this site invented.