PEEK UNIT

Name: PEEK UNIT lease production and value, Apr 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by HEP OIL GP, LLC (P-5 379552) in the LOST VALLEY (CADDO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28773District 09Field 55050333OilCasinghead gasSave Export

Value, all time

$3.0 M

Apr 1994 – Mar 2008

Value, last 12 filed months

$146 k

at the published price for each month

Months reported

168

no gaps in the span

Streams

oil, casinghead gas

The LOST VALLEY (CADDO) 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 62 leases and 99 wells, and the rule below applies to all of them.

Discovered

1971-12-30

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 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 1997-10-01.

The Commission's schedule remark for this field reads: “PSEUDO RULES BUILT TO ACCOMMODATE MITCHELL'S HORIZ. WELL”

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	74,753 bbl	$1,824,245
Casinghead gas	Production	248,543 Mcf	$1,216,759
Total			$3,041,004

22,677 Mcf of this lease's gas, across 33 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 (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 33.3342, -98.3601. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.33417, -98.36008 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

5,084 ft

1 wells filed one

Completion to plug

27.8 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 5,084 ft.

Completions filed

Apr 1994

1 of 1 wells

Plug dates filed

Feb 2022

1 of 1 wells

Last completion to plug: a median of 27.8 years across the 1 well that filed both dates, with the middle half between 27.8 years and 27.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-23738089	1	5,084 ft	Apr 1994	Feb 2022	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 (168)

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

168 months


Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	101	0	90.38	8.21	$9,128
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	180	1,451	91.67	7.29	$27,081
Oct 2007	0	1,592	82.85	6.92	$11,020
Sep 2007	0	1,585	75.84	6.24	$9,897
Aug 2007	163	1,698	69.06	6.39	$22,104
Jul 2007	0	1,729	70.90	6.39	$11,045
Jun 2007	0	1,732	62.00	7.55	$13,074
May 2007	68	1,774	58.74	7.85	$17,914
Apr 2007	181	1,783	59.61	7.81	$24,706
Mar 2007	0	1,914	56.92	7.30	$13,976
Feb 2007	185	1,752	55.10	8.22	$24,588
Jan 2007	168	1,893	50.30	6.73	$21,184
Dec 2006	36	2,092	56.65	6.92	$16,513
Nov 2006	161	2,139	54.20	7.62	$25,020
Oct 2006	170	2,610	54.90	6.01	$25,029
Sep 2006	0	2,684	60.08	5.04	$13,520
Aug 2006	179	3,277	68.71	7.34	$36,352
Jul 2006	160	3,671	69.37	6.34	$34,383
Jun 2006	164	4,109	66.28	6.38	$37,101
May 2006	339	5,283	66.01	6.42	$56,321
Apr 2006	1,054	6,519	64.39	7.36	$115,850
Mar 2006	168	1,616	56.70	7.08	$20,972
Feb 2006	0	1,102	57.59	7.75	$8,542
Jan 2006	0	1,287	60.59	8.93	$11,497
Dec 2005	181	1,602	54.94	13.42	$31,436
Nov 2005	178	1,655	54.69	10.59	$27,259
Oct 2005	180	1,936	58.34	13.80	$37,210
Sep 2005	354	2,303	61.45	12.08	$49,571
Aug 2005	339	2,859	61.51	9.80	$48,861
Jul 2005	346	3,131	55.69	7.84	$43,827
Jun 2005	341	3,421	52.33	7.38	$43,095
May 2005	533	4,428	45.22	6.65	$53,554
Apr 2005	680	4,957	49.20	7.36	$69,942
Mar 2005	697	5,661	50.37	7.15	$75,612
Feb 2005	190	1,247	45.22	6.31	$16,463
Jan 2005	175	1,378	43.16	6.32	$16,265
Dec 2004	127	1,598	39.86	6.75	$15,850
Nov 2004	186	1,684	45.28	6.33	$19,083
Oct 2004	173	1,670	49.70	6.52	$19,478
Sep 2004	172	2,010	43.24	5.28	$18,058
Aug 2004	366	2,231	42.37	5.55	$27,891
Jul 2004	180	1,480	38.28	6.08	$15,895
Jun 2004	172	1,462	36.10	6.43	$15,614
May 2004	176	1,573	37.48	6.49	$16,812
Apr 2004	174	1,592	34.47	5.86	$15,324
Mar 2004	356	2,084	34.36	5.53	$23,757
Feb 2004	355	2,066	32.45	5.51	$22,903
Jan 2004	173	1,808	32.03	6.30	$16,931
Dec 2003	180	1,797	30.26	6.30	$16,771
Nov 2003	555	1,452	28.80	4.60	$22,656
Oct 2003	354	1,507	28.17	4.76	$17,145
Sep 2003	178	1,475	26.31	4.75	$11,688
Aug 2003	537	2,055	29.76	5.13	$26,523
Jul 2003	171	744	29.41	5.17	$8,876
Jun 2003	0	784	28.56	5.98	$4,691
May 2003	173	804	26.59	5.97	$9,402
Apr 2003	184	784	26.67	5.41	$9,147
Mar 2003	177	845	31.14	6.10	$10,663
Feb 2003	260	780	33.48	7.93	$14,887
Jan 2003	0	919	30.31	5.58	$5,130
Dec 2002	267	881	26.91	4.85	$11,461
Nov 2002	266	860	24.66	4.14	$10,117
Oct 2002	250	906	26.46	4.23	$10,447
Sep 2002	0	1,082	27.44	3.64	$3,933
Aug 2002	264	1,037	25.96	3.16	$10,135
Jul 2002	258	1,230	24.58	3.06	$10,108
Jun 2002	259	1,213	23.73	3.34	$10,195
May 2002	259	1,213	24.66	3.58	$10,734
Apr 2002	259	1,225	23.65	3.51	$10,428
Mar 2002	265	1,263	22.00	3.10	$9,749
Feb 2002	268	1,292	18.22	2.38	$7,952
Jan 2002	527	1,458	17.17	2.38	$12,512
Dec 2001	263	1,479	16.93	2.36	$7,950
Nov 2001	263	1,438	18.07	2.41	$8,212
Oct 2001	264	1,582	19.78	2.53	$9,223
Sep 2001	529	1,382	24.26	2.25	$15,945
Aug 2001	518	1,617	24.87	3.05	$17,820
Jul 2001	261	1,662	23.93	3.20	$11,559
Jun 2001	515	1,950	24.56	3.82	$20,106
May 2001	525	2,091	25.52	4.31	$22,405
Apr 2001	786	1,928	24.68	5.34	$29,685
Mar 2001	502	1,789	24.54	5.38	$21,938
Feb 2001	515	2,015	27.75	5.77	$25,912
Jan 2001	516	1,572	27.47	8.40	$27,377
Dec 2000	787	1,727	26.88	9.12	$36,909
Nov 2000	785	1,997	32.21	5.66	$36,584
Oct 2000	527	2,411	31.23	5.15	$28,864
Sep 2000	521	1,803	31.87	5.19	$25,956
Aug 2000	742	2,265	29.64	4.54	$32,278
Jul 2000	502	1,674	28.53	4.09	$21,168
Jun 2000	778	1,835	29.30	4.40	$30,864
May 2000	524	2,050	27.26	3.68	$21,828
Apr 2000	530	1,717	24.51	3.12	$18,340
Mar 2000	785	2,030	28.42	2.86	$28,115
Feb 2000	802	2,058	27.62	2.73	$27,762
Jan 2000	535	1,791	25.27	2.48	$17,962
Dec 1999	1,025	1,958	24.28	2.42	$29,633
Nov 1999	512	2,177	23.19	2.43	$17,172
Oct 1999	1,028	2,509	20.98	2.80	$28,602
Sep 1999	526	1,514	21.75	2.62	$15,405
Aug 1999	781	1,919	19.26	2.88	$20,560
Jul 1999	515	1,431	17.89	2.37	$12,608
Jun 1999	523	1,503	15.94	2.36	$11,887
May 1999	527	1,602	15.79	2.32	$12,040
Apr 1999	788	1,637	15.10	2.21	$15,513
Mar 1999	792	1,628	12.47	1.84	$12,869
Feb 1999	793	1,590	9.98	1.82	$10,804
Jan 1999	796	1,790	10.38	1.90	$11,663
Dec 1998	520	1,190	9.20	1.77	$6,894
Nov 1998	253	848	10.89	2.19	$4,609
Oct 1998	782	941	12.42	1.97	$11,565
Sep 1998	260	917	12.59	2.08	$5,183
Aug 1998	516	926	11.30	1.91	$7,597
Jul 1998	772	907	11.74	2.24	$11,092
Jun 1998	514	924	11.24	2.24	$7,845
May 1998	526	991	12.62	2.21	$8,825
Apr 1998	776	956	13.04	2.51	$12,514
Mar 1998	508	954	12.80	2.31	$8,706
Feb 1998	499	876	13.95	2.30	$8,975
Jan 1998	772	988	14.70	2.15	$13,477
Dec 1997	760	933	16.32	2.41	$14,653
Nov 1997	506	853	18.19	3.09	$11,838
Oct 1997	508	893	19.25	3.15	$12,592
Sep 1997	775	845	17.74	2.95	$16,245
Aug 1997	506	842	17.86	2.55	$11,188
Jul 1997	779	901	17.58	2.25	$15,719
Jun 1997	475	926	17.24	2.26	$10,279
May 1997	778	947	18.97	2.31	$16,945
Apr 1997	758	890	17.88	2.08	$15,407
Mar 1997	794	939	18.95	1.94	$16,867
Feb 1997	535	834	20.49	2.21	$12,802
Jan 1997	764	790	23.48	3.54	$20,735
Dec 1996	734	741	23.32	—	$17,117
Nov 1996	506	664	21.97	—	$11,117
Oct 1996	905	898	23.31	—	$21,096
Sep 1996	732	952	22.22	—	$16,265
Aug 1996	900	1,102	20.26	—	$18,234
Jul 1996	552	727	19.55	—	$10,792
Jun 1996	587	680	18.73	—	$10,995
May 1996	666	761	19.43	—	$12,940
Apr 1996	518	633	21.51	—	$11,142
Mar 1996	694	615	19.38	—	$13,450
Feb 1996	348	554	16.98	—	$5,909
Jan 1996	651	525	17.07	—	$11,113
Dec 1995	804	596	17.19	—	$13,821
Nov 1995	485	553	16.00	—	$7,760
Oct 1995	731	669	15.43	—	$11,279
Sep 1995	587	609	16.18	—	$9,498
Aug 1995	737	687	15.92	—	$11,733
Jul 1995	734	709	15.24	—	$11,186
Jun 1995	743	736	16.41	—	$12,193
May 1995	921	814	17.56	—	$16,173
Apr 1995	583	529	17.73	—	$10,337
Mar 1995	400	404	16.44	—	$6,576
Feb 1995	583	400	16.58	—	$9,666
Jan 1995	574	443	15.92	—	$9,138
Dec 1994	600	452	15.03	—	$9,018
Nov 1994	719	536	15.90	—	$11,432
Oct 1994	578	427	15.58	—	$9,005
Sep 1994	739	555	15.29	—	$11,299
Aug 1994	573	699	16.13	—	$9,242
Jul 1994	760	854	17.56	—	$13,346
Jun 1994	905	1,102	17.09	—	$15,466
May 1994	1,495	1,348	15.88	—	$23,741
Apr 1994	0	703	14.14	—	$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.

Jan 2008 — as filed, then multipliedworked

Oil                  101 bbl  × $ 90.38 =     $9,128
Casinghead gas         0 Mcf  × $  8.21 =         $0

────────────────────────────────────────────────────
Month total                                   $9,128

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/28773 is the state's own key, not one this site invented.