REAGAN-MERCER

Name: REAGAN-MERCER lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by XPLORE OPERATING, LLC (P-5 946023) in the LOST VALLEY (MARBLE FALLS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27572District 09Field 55050666OilCasinghead gasSave Export

Value, all time

$1.0 M

Jan 1993 – Jan 2019

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

313

no gaps in the span

Streams

oil, casinghead gas

The LOST VALLEY (MARBLE FALLS) field

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 27 leases and 32 wells, and the rule below applies to all of them.

Discovered

1971-10-30

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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.

Stream	Basis	Volume	Value
Oil	Disposition	10,513 bbl	$235,734
Casinghead gas	Production	274,410 Mcf	$808,507
Total			$1,044,241

84,825 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 (2)

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 33.3027, -98.3677. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

33.30269, -98.36768 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

5,375 ft

2 wells filed one

Completion to plug

20.9 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

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 5,034 and 5,716 ft, median 5,375 ft, over the 2 wells that filed a depth.

Completions filed

Nov 1989 – May 1991

2 of 2 wells

Plug dates filed

Aug 1999 – May 2023

2 of 2 wells

Last completion to plug: a median of 20.9 years across the 2 wells that filed both dates, with the middle half between 14.6 years and 27.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-23737819	2	5,034 ft	May 1991	Aug 1999	Yes
42-23737639	1	5,716 ft	Nov 1989	May 2023	Yes

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 (313)

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

313 months


Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	84	0	52.93	4.24	$4,446
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	45	45.37	3.26	$147
Apr 2017	0	17	47.93	3.21	$55
Mar 2017	0	29	46.77	2.98	$87
Feb 2017	0	13	50.45	2.95	$38
Jan 2017	0	8	49.41	3.42	$27
Dec 2016	0	4	48.76	3.72	$15
Nov 2016	0	1	42.49	2.64	$3
Oct 2016	0	43	46.19	3.09	$133
Sep 2016	0	1	41.55	3.10	$3
Aug 2016	0	26	41.44	2.92	$76
Jul 2016	0	46	41.62	2.92	$135
Jun 2016	0	77	45.35	2.69	$207
May 2016	0	76	42.52	1.99	$151
Apr 2016	0	60	36.56	1.99	$119
Mar 2016	0	90	33.01	1.79	$161
Feb 2016	0	85	26.47	2.06	$175
Jan 2016	0	121	27.35	2.36	$286
Dec 2015	0	153	32.36	2.00	$306
Nov 2015	0	191	38.79	2.17	$414
Oct 2015	0	227	43.55	2.43	$551
Sep 2015	0	242	42.99	2.76	$668
Aug 2015	0	250	40.16	2.87	$718
Jul 2015	0	977	48.15	2.95	$2,877
Jun 2015	0	263	56.15	2.88	$758
May 2015	0	275	55.21	2.96	$813
Apr 2015	0	267	49.82	2.71	$723
Mar 2015	0	253	42.89	2.93	$742
Feb 2015	0	227	44.66	2.98	$676
Jan 2015	0	254	43.43	3.10	$788
Dec 2014	0	247	54.69	3.59	$887
Nov 2014	0	244	70.46	4.25	$1,037
Oct 2014	0	257	78.30	3.90	$1,003
Sep 2014	0	269	86.16	4.05	$1,088
Aug 2014	0	296	89.39	4.04	$1,194
Jul 2014	0	289	96.56	4.18	$1,208
Jun 2014	0	305	98.16	4.74	$1,445
May 2014	0	283	94.73	4.73	$1,338
Apr 2014	0	293	95.94	4.81	$1,409
Mar 2014	0	292	95.89	5.06	$1,477
Feb 2014	0	278	97.40	6.19	$1,721
Jan 2014	0	275	90.40	4.86	$1,337
Dec 2013	0	280	91.82	4.35	$1,219
Nov 2013	0	290	88.85	3.74	$1,084
Oct 2013	0	310	97.42	3.78	$1,172
Sep 2013	0	345	104.11	3.72	$1,283
Aug 2013	0	362	104.25	3.52	$1,275
Jul 2013	160	304	102.52	3.72	$17,533
Jun 2013	0	357	94.40	3.93	$1,404
May 2013	0	377	94.83	4.15	$1,564
Apr 2013	0	351	93.96	4.28	$1,503
Mar 2013	0	373	93.62	3.91	$1,460
Feb 2013	0	349	91.23	3.42	$1,194
Jan 2013	0	394	91.60	3.42	$1,347
Dec 2012	0	310	86.77	3.42	$1,060
Nov 2012	0	375	86.95	3.62	$1,359
Oct 2012	0	401	89.38	3.40	$1,363
Sep 2012	0	391	94.67	2.92	$1,141
Aug 2012	0	416	92.66	2.91	$1,210
Jul 2012	0	438	85.13	3.02	$1,323
Jun 2012	0	417	79.82	2.52	$1,050
May 2012	0	425	91.61	2.49	$1,058
Apr 2012	0	408	101.65	2.00	$815
Mar 2012	0	421	105.05	2.22	$936
Feb 2012	0	377	101.10	2.57	$969
Jan 2012	0	409	98.09	2.73	$1,118
Dec 2011	0	355	96.87	3.24	$1,150
Nov 2011	0	431	95.72	3.31	$1,427
Oct 2011	0	439	84.98	3.65	$1,602
Sep 2011	0	447	83.62	3.99	$1,782
Aug 2011	0	470	83.40	4.15	$1,950
Jul 2011	0	474	94.14	4.52	$2,141
Jun 2011	0	454	92.90	4.64	$2,107
May 2011	0	449	98.13	4.40	$1,978
Apr 2011	0	437	105.96	4.33	$1,894
Mar 2011	0	473	96.36	4.06	$1,919
Feb 2011	0	403	85.64	4.18	$1,685
Jan 2011	1	466	86.50	4.59	$2,225
Dec 2010	0	453	85.73	4.35	$1,970
Nov 2010	0	470	80.84	3.80	$1,784
Oct 2010	0	489	78.10	3.51	$1,716
Sep 2010	0	538	72.63	3.98	$2,141
Aug 2010	0	549	73.68	4.42	$2,426
Jul 2010	161	517	72.55	4.74	$14,129
Jun 2010	0	523	70.36	4.91	$2,568
May 2010	0	519	71.12	4.24	$2,198
Apr 2010	0	481	81.69	4.12	$1,983
Mar 2010	0	512	78.39	4.39	$2,247
Feb 2010	0	437	73.58	5.44	$2,378
Jan 2010	0	491	74.36	5.96	$2,928
Dec 2009	0	485	71.44	5.48	$2,660
Nov 2009	0	503	74.59	3.75	$1,887
Oct 2009	0	461	72.54	4.11	$1,895
Sep 2009	0	469	65.54	3.06	$1,437
Aug 2009	0	495	67.42	3.22	$1,593
Jul 2009	0	503	61.13	3.46	$1,743
Jun 2009	0	486	66.16	3.90	$1,893
May 2009	0	519	54.74	3.93	$2,037
Apr 2009	0	471	46.77	3.59	$1,690
Mar 2009	0	494	42.14	4.06	$2,005
Feb 2009	0	434	32.81	4.63	$2,011
Jan 2009	0	485	35.86	5.37	$2,605
Dec 2008	0	454	37.10	5.98	$2,714
Nov 2008	0	450	55.49	6.86	$3,087
Oct 2008	0	527	75.24	6.92	$3,648
Sep 2008	0	429	101.76	7.88	$3,379
Aug 2008	0	508	114.22	8.48	$4,309
Jul 2008	0	500	131.08	11.39	$5,695
Jun 2008	0	498	131.33	13.03	$6,490
May 2008	0	506	123.17	11.57	$5,857
Apr 2008	0	469	110.31	10.45	$4,903
Mar 2008	0	487	101.90	9.66	$4,706
Feb 2008	0	454	92.53	8.77	$3,982
Jan 2008	169	507	90.38	8.21	$19,435
Dec 2007	0	483	88.33	7.30	$3,527
Nov 2007	0	439	91.67	7.29	$3,201
Oct 2007	0	491	82.85	6.92	$3,399
Sep 2007	0	493	75.84	6.24	$3,078
Aug 2007	0	560	69.06	6.39	$3,577
Jul 2007	0	555	70.90	6.39	$3,545
Jun 2007	0	536	62.00	7.55	$4,046
May 2007	0	539	58.74	7.85	$4,229
Apr 2007	0	522	59.61	7.81	$4,074
Mar 2007	0	575	56.92	7.30	$4,199
Feb 2007	0	516	55.10	8.22	$4,239
Jan 2007	0	561	50.30	6.73	$3,774
Dec 2006	0	566	56.65	6.92	$3,916
Nov 2006	0	559	54.20	7.62	$4,258
Oct 2006	0	611	54.90	6.01	$3,674
Sep 2006	0	580	60.08	5.04	$2,922
Aug 2006	0	620	68.71	7.34	$4,551
Jul 2006	0	642	69.37	6.34	$4,072
Jun 2006	170	603	66.28	6.38	$15,117
May 2006	0	650	66.01	6.42	$4,176
Apr 2006	0	610	64.39	7.36	$4,490
Mar 2006	0	612	56.70	7.08	$4,335
Feb 2006	0	585	57.59	7.75	$4,534
Jan 2006	0	669	60.59	8.93	$5,976
Dec 2005	0	666	54.94	13.42	$8,935
Nov 2005	0	679	54.69	10.59	$7,190
Oct 2005	0	809	58.34	13.80	$11,161
Sep 2005	0	798	61.45	12.08	$9,639
Aug 2005	0	856	61.51	9.80	$8,386
Jul 2005	0	836	55.69	7.84	$6,557
Jun 2005	0	832	52.33	7.38	$6,141
May 2005	0	882	45.22	6.65	$5,866
Apr 2005	0	782	49.20	7.36	$5,756
Mar 2005	160	840	50.37	7.15	$14,069
Feb 2005	0	856	45.22	6.31	$5,403
Jan 2005	0	879	43.16	6.32	$5,557
Dec 2004	0	918	39.86	6.75	$6,197
Nov 2004	0	878	45.28	6.33	$5,558
Oct 2004	0	934	49.70	6.52	$6,085
Sep 2004	0	885	43.24	5.28	$4,676
Aug 2004	0	937	42.37	5.55	$5,201
Jul 2004	0	893	38.28	6.08	$5,433
Jun 2004	0	872	36.10	6.43	$5,610
May 2004	0	946	37.48	6.49	$6,144
Apr 2004	0	906	34.47	5.86	$5,308
Mar 2004	0	896	34.36	5.53	$4,955
Feb 2004	0	781	32.45	5.51	$4,303
Jan 2004	0	925	32.03	6.30	$5,827
Dec 2003	0	950	30.26	6.30	$5,987
Nov 2003	175	955	28.80	4.60	$9,428
Oct 2003	0	1,005	28.17	4.76	$4,783
Sep 2003	0	806	26.31	4.75	$3,828
Aug 2003	0	819	29.76	5.13	$4,201
Jul 2003	0	945	29.41	5.17	$4,886
Jun 2003	0	610	28.56	5.98	$3,650
May 2003	0	812	26.59	5.97	$4,850
Apr 2003	0	823	26.67	5.41	$4,450
Mar 2003	0	809	31.14	6.10	$4,932
Feb 2003	0	730	33.48	7.93	$5,786
Jan 2003	0	884	30.31	5.58	$4,935
Dec 2002	0	959	26.91	4.85	$4,655
Nov 2002	0	997	24.66	4.14	$4,125
Oct 2002	0	893	26.46	4.23	$3,777
Sep 2002	0	873	27.44	3.64	$3,174
Aug 2002	168	846	25.96	3.16	$7,038
Jul 2002	0	962	24.58	3.06	$2,945
Jun 2002	0	870	23.73	3.34	$2,904
May 2002	0	870	24.66	3.58	$3,118
Apr 2002	0	901	23.65	3.51	$3,165
Mar 2002	0	978	22.00	3.10	$3,034
Feb 2002	0	1,222	18.22	2.38	$2,903
Jan 2002	0	1,162	17.17	2.38	$2,761
Dec 2001	0	1,063	16.93	2.36	$2,513
Nov 2001	0	1,031	18.07	2.41	$2,480
Oct 2001	0	1,069	19.78	2.53	$2,703
Sep 2001	0	1,104	24.26	2.25	$2,485
Aug 2001	0	1,126	24.87	3.05	$3,438
Jul 2001	0	1,110	23.93	3.20	$3,549
Jun 2001	176	1,064	24.56	3.82	$8,391
May 2001	0	1,184	25.52	4.31	$5,100
Apr 2001	0	1,172	24.68	5.34	$6,253
Mar 2001	0	1,236	24.54	5.38	$6,645
Feb 2001	0	1,230	27.75	5.77	$7,094
Jan 2001	0	1,357	27.47	8.40	$11,397
Dec 2000	0	1,447	26.88	9.12	$13,200
Nov 2000	0	1,392	32.21	5.66	$7,876
Oct 2000	0	1,451	31.23	5.15	$7,466
Sep 2000	0	1,332	31.87	5.19	$6,908
Aug 2000	0	1,478	29.64	4.54	$6,711
Jul 2000	0	1,453	28.53	4.09	$5,942
Jun 2000	0	1,491	29.30	4.40	$6,556
May 2000	0	1,492	27.26	3.68	$5,490
Apr 2000	0	1,470	24.51	3.12	$4,581
Mar 2000	169	1,602	28.42	2.86	$9,384
Feb 2000	0	1,547	27.62	2.73	$4,218
Jan 2000	0	1,593	25.27	2.48	$3,951
Dec 1999	0	1,582	24.28	2.42	$3,834
Nov 1999	0	1,530	23.19	2.43	$3,724
Oct 1999	0	1,595	20.98	2.80	$4,472
Sep 1999	0	1,377	21.75	2.62	$3,606
Aug 1999	0	1,389	19.26	2.88	$3,994
Jul 1999	0	1,534	17.89	2.37	$3,639
Jun 1999	0	1,524	15.94	2.36	$3,600
May 1999	0	1,581	15.79	2.32	$3,670
Apr 1999	0	1,563	15.10	2.21	$3,451
Mar 1999	0	1,621	12.47	1.84	$2,980
Feb 1999	1	1,409	9.98	1.82	$2,571
Jan 1999	172	1,565	10.38	1.90	$4,759
Dec 1998	0	1,595	9.20	1.77	$2,828
Nov 1998	0	1,598	10.89	2.19	$3,493
Oct 1998	0	1,685	12.42	1.97	$3,318
Sep 1998	0	1,544	12.59	2.08	$3,216
Aug 1998	0	1,636	11.30	1.91	$3,120
Jul 1998	0	1,589	11.74	2.24	$3,555
Jun 1998	0	1,591	11.24	2.24	$3,560
May 1998	0	1,688	12.62	2.21	$3,724
Apr 1998	0	1,627	13.04	2.51	$4,076
Mar 1998	0	1,754	12.80	2.31	$4,051
Feb 1998	0	1,509	13.95	2.30	$3,469
Jan 1998	181	2,146	14.70	2.15	$7,285
Dec 1997	0	2,109	16.32	2.41	$5,085
Nov 1997	0	1,982	18.19	3.09	$6,121
Oct 1997	171	1,958	19.25	3.15	$9,459
Sep 1997	0	1,880	17.74	2.95	$5,555
Aug 1997	0	1,894	17.86	2.55	$4,839
Jul 1997	167	1,976	17.58	2.25	$7,376
Jun 1997	0	2,135	17.24	2.26	$4,819
May 1997	0	2,182	18.97	2.31	$5,037
Apr 1997	175	2,088	17.88	2.08	$7,478
Mar 1997	0	2,122	18.95	1.94	$4,115
Feb 1997	0	2,052	20.49	2.21	$4,527
Jan 1997	175	2,337	23.48	3.54	$12,381
Dec 1996	0	2,331	23.32	—	$0
Nov 1996	167	1,918	21.97	—	$3,669
Oct 1996	175	2,313	23.31	—	$4,079
Sep 1996	0	2,269	22.22	—	$0
Aug 1996	166	2,323	20.26	—	$3,363
Jul 1996	160	1,952	19.55	—	$3,128
Jun 1996	0	1,797	18.73	—	$0
May 1996	181	1,897	19.43	—	$3,517
Apr 1996	176	1,902	21.51	—	$3,786
Mar 1996	330	1,918	19.38	—	$6,395
Feb 1996	156	2,021	16.98	—	$2,649
Jan 1996	333	2,161	17.07	—	$5,684
Dec 1995	317	2,461	17.19	—	$5,449
Nov 1995	162	1,667	16.00	—	$2,592
Oct 1995	176	1,184	15.43	—	$2,716
Sep 1995	0	1,130	16.18	—	$0
Aug 1995	156	1,360	15.92	—	$2,484
Jul 1995	0	1,857	15.24	—	$0
Jun 1995	172	2,332	16.41	—	$2,823
May 1995	0	2,976	17.56	—	$0
Apr 1995	170	3,267	17.73	—	$3,014
Mar 1995	173	2,964	16.44	—	$2,844
Feb 1995	0	2,108	16.58	—	$0
Jan 1995	174	1,352	15.92	—	$2,770
Dec 1994	170	1,849	15.03	—	$2,555
Nov 1994	166	1,610	15.90	—	$2,639
Oct 1994	173	1,597	15.58	—	$2,695
Sep 1994	169	1,243	15.29	—	$2,584
Aug 1994	176	784	16.13	—	$2,839
Jul 1994	0	1,236	17.56	—	$0
Jun 1994	176	1,218	17.09	—	$3,008
May 1994	181	1,249	15.88	—	$2,874
Apr 1994	177	985	14.14	—	$2,503
Mar 1994	171	1,217	12.46	—	$2,131
Feb 1994	183	984	12.50	—	$2,288
Jan 1994	175	1,217	12.66	—	$2,216
Dec 1993	164	1,457	12.33	—	$2,022
Nov 1993	184	1,506	14.49	—	$2,666
Oct 1993	355	1,668	15.85	—	$5,627
Sep 1993	169	1,528	15.03	—	$2,540
Aug 1993	168	1,753	15.66	—	$2,631
Jul 1993	170	1,690	15.46	—	$2,628
Jun 1993	347	1,681	16.79	—	$5,826
May 1993	167	1,802	17.68	—	$2,953
Apr 1993	171	1,699	18.05	—	$3,087
Mar 1993	181	1,728	18.14	—	$3,283
Feb 1993	364	1,761	17.90	—	$6,516
Jan 1993	177	1,903	16.93	—	$2,997

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.

Nov 2018 — as filed, then multipliedworked

Oil                   84 bbl  × $ 52.93 =     $4,446
Casinghead gas         0 Mcf  × $  4.24 =         $0

────────────────────────────────────────────────────
Month total                                   $4,446

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/O/27572 is the state's own key, not one this site invented.