PIERCE

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

Operated by EOG RESOURCES, INC. (P-5 253162) in the LIPSCOMB (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 143865District 10Field 538692702 tax incentive programmesCondensateGasSave Export

Value, all time

$683 k

Jan 1993 – Mar 2013

Value, last 12 filed months

$24 k

at the published price for each month

Months reported

243

no gaps in the span

Streams

condensate, gas

The LIPSCOMB (CLEVELAND) 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 1,389 leases and 1,486 wells, and the rule below applies to all of them.

Discovered

1958-05-24

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 40 acres. The field rule took effect on 2013-08-06.

The Commission's schedule remark for this field reads: “FIELD”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1993-06-09	126590
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	265 bbl	$10,777
Gas	Production	239,818 Mcf	$672,691
Total			$683,468

91,303 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 (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 36.3643, -100.2185. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.36430, -100.21847 · 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

7,675 ft

1 wells filed one

Completion to plug

20.3 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 7,675 ft.

Completions filed

Nov 1992

1 of 1 wells

Plug dates filed

Mar 2013

1 of 1 wells

Last completion to plug: a median of 20.3 years across the 1 well that filed both dates, with the middle half between 20.3 years and 20.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-29532057	5	7,675 ft	Nov 1992	Mar 2013	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 (243)

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

243 months


Mar 2013	0	148	93.62	3.91	$579
Feb 2013	0	421	91.23	3.42	$1,440
Jan 2013	0	1,027	91.60	3.42	$3,512
Dec 2012	0	469	86.77	3.42	$1,604
Nov 2012	0	476	86.95	3.62	$1,725
Oct 2012	0	506	89.38	3.40	$1,720
Sep 2012	0	477	94.67	2.92	$1,392
Aug 2012	0	453	92.66	2.91	$1,317
Jul 2012	0	450	85.13	3.02	$1,359
Jun 2012	0	504	79.82	2.52	$1,270
May 2012	0	525	91.61	2.49	$1,306
Apr 2012	59	589	101.65	2.00	$7,173
Mar 2012	0	483	105.05	2.22	$1,073
Feb 2012	0	532	101.10	2.57	$1,367
Jan 2012	0	575	98.09	2.73	$1,572
Dec 2011	0	560	96.87	3.24	$1,814
Nov 2011	0	584	95.72	3.31	$1,934
Oct 2011	0	593	84.98	3.65	$2,164
Sep 2011	0	129	83.62	3.99	$514
Aug 2011	0	474	83.40	4.15	$1,967
Jul 2011	0	469	94.14	4.52	$2,119
Jun 2011	0	472	92.90	4.64	$2,190
May 2011	0	519	98.13	4.40	$2,286
Apr 2011	0	498	105.96	4.33	$2,158
Mar 2011	0	504	96.36	4.06	$2,045
Feb 2011	0	495	85.64	4.18	$2,069
Jan 2011	0	558	86.50	4.59	$2,561
Dec 2010	0	491	85.73	4.35	$2,135
Nov 2010	0	498	80.84	3.80	$1,890
Oct 2010	0	505	78.10	3.51	$1,772
Sep 2010	0	481	72.63	3.98	$1,914
Aug 2010	0	551	73.68	4.42	$2,435
Jul 2010	0	415	72.55	4.74	$1,966
Jun 2010	0	509	70.36	4.91	$2,499
May 2010	0	545	71.12	4.24	$2,308
Apr 2010	0	549	81.69	4.12	$2,263
Mar 2010	0	569	78.39	4.39	$2,497
Feb 2010	0	484	73.58	5.44	$2,634
Jan 2010	0	560	74.36	5.96	$3,340
Dec 2009	0	553	71.44	5.48	$3,033
Nov 2009	0	522	74.59	3.75	$1,958
Oct 2009	0	551	72.54	4.11	$2,265
Sep 2009	0	515	65.54	3.06	$1,578
Aug 2009	0	537	67.42	3.22	$1,728
Jul 2009	0	455	61.13	3.46	$1,576
Jun 2009	0	494	66.16	3.90	$1,924
May 2009	0	327	54.74	3.93	$1,284
Apr 2009	0	422	46.77	3.59	$1,514
Mar 2009	0	478	42.14	4.06	$1,940
Feb 2009	0	428	32.81	4.63	$1,983
Jan 2009	0	492	35.86	5.37	$2,643
Dec 2008	0	481	37.10	5.98	$2,875
Nov 2008	0	415	55.49	6.86	$2,847
Oct 2008	0	419	75.24	6.92	$2,900
Sep 2008	0	504	101.76	7.88	$3,970
Aug 2008	0	536	114.22	8.48	$4,547
Jul 2008	0	539	131.08	11.39	$6,139
Jun 2008	0	598	131.33	13.03	$7,794
May 2008	0	489	123.17	11.57	$5,660
Apr 2008	0	523	110.31	10.45	$5,468
Mar 2008	0	511	101.90	9.66	$4,938
Feb 2008	0	518	92.53	8.77	$4,543
Jan 2008	0	600	90.38	8.21	$4,923
Dec 2007	0	679	88.33	7.30	$4,958
Nov 2007	0	596	91.67	7.29	$4,346
Oct 2007	0	691	82.85	6.92	$4,783
Sep 2007	0	679	75.84	6.24	$4,240
Aug 2007	0	973	69.06	6.39	$6,215
Jul 2007	0	141	70.90	6.39	$901
Jun 2007	0	637	62.00	7.55	$4,808
May 2007	0	852	58.74	7.85	$6,685
Apr 2007	0	872	59.61	7.81	$6,806
Mar 2007	0	944	56.92	7.30	$6,893
Feb 2007	0	833	55.10	8.22	$6,844
Jan 2007	0	768	50.30	6.73	$5,166
Dec 2006	0	847	56.65	6.92	$5,860
Nov 2006	0	791	54.20	7.62	$6,025
Oct 2006	0	692	54.90	6.01	$4,162
Sep 2006	0	606	60.08	5.04	$3,053
Aug 2006	0	648	68.71	7.34	$4,756
Jul 2006	0	637	69.37	6.34	$4,040
Jun 2006	0	637	66.28	6.38	$4,067
May 2006	0	514	66.01	6.42	$3,302
Apr 2006	0	653	64.39	7.36	$4,806
Mar 2006	0	599	56.70	7.08	$4,243
Feb 2006	0	576	57.59	7.75	$4,465
Jan 2006	0	376	60.59	8.93	$3,359
Dec 2005	0	519	54.94	13.42	$6,963
Nov 2005	0	667	54.69	10.59	$7,062
Oct 2005	0	530	58.34	13.80	$7,312
Sep 2005	0	790	61.45	12.08	$9,542
Aug 2005	0	317	61.51	9.80	$3,106
Jul 2005	0	590	55.69	7.84	$4,628
Jun 2005	0	589	52.33	7.38	$4,347
May 2005	0	261	45.22	6.65	$1,736
Apr 2005	0	875	49.20	7.36	$6,440
Mar 2005	0	141	50.37	7.15	$1,009
Feb 2005	0	659	45.22	6.31	$4,160
Jan 2005	0	446	43.16	6.32	$2,820
Dec 2004	0	732	39.86	6.75	$4,942
Nov 2004	0	777	45.28	6.33	$4,919
Oct 2004	0	730	49.70	6.52	$4,756
Sep 2004	0	716	43.24	5.28	$3,783
Aug 2004	0	765	42.37	5.55	$4,246
Jul 2004	0	647	38.28	6.08	$3,936
Jun 2004	0	689	36.10	6.43	$4,432
May 2004	0	717	37.48	6.49	$4,657
Apr 2004	0	701	34.47	5.86	$4,107
Mar 2004	0	705	34.36	5.53	$3,899
Feb 2004	0	693	32.45	5.51	$3,818
Jan 2004	0	707	32.03	6.30	$4,454
Dec 2003	0	732	30.26	6.30	$4,613
Nov 2003	0	700	28.80	4.60	$3,217
Oct 2003	0	719	28.17	4.76	$3,422
Sep 2003	0	706	26.31	4.75	$3,353
Aug 2003	0	738	29.76	5.13	$3,786
Jul 2003	0	794	29.41	5.17	$4,106
Jun 2003	0	587	28.56	5.98	$3,512
May 2003	0	761	26.59	5.97	$4,545
Apr 2003	140	756	26.67	5.41	$7,822
Mar 2003	0	778	31.14	6.10	$4,743
Feb 2003	0	732	33.48	7.93	$5,802
Jan 2003	0	833	30.31	5.58	$4,650
Dec 2002	0	847	26.91	4.85	$4,111
Nov 2002	0	852	24.66	4.14	$3,525
Oct 2002	0	861	26.46	4.23	$3,641
Sep 2002	0	884	27.44	3.64	$3,214
Aug 2002	0	785	25.96	3.16	$2,484
Jul 2002	0	747	24.58	3.06	$2,287
Jun 2002	0	715	23.73	3.34	$2,387
May 2002	0	790	24.66	3.58	$2,831
Apr 2002	0	758	23.65	3.51	$2,662
Mar 2002	0	800	22.00	3.10	$2,482
Feb 2002	0	724	18.22	2.38	$1,720
Jan 2002	0	807	17.17	2.38	$1,917
Dec 2001	0	824	16.93	2.36	$1,948
Nov 2001	0	799	18.07	2.41	$1,922
Oct 2001	0	836	19.78	2.53	$2,114
Sep 2001	0	814	24.26	2.25	$1,833
Aug 2001	0	847	24.87	3.05	$2,586
Jul 2001	0	894	23.93	3.20	$2,858
Jun 2001	0	1,072	24.56	3.82	$4,100
May 2001	0	1,829	25.52	4.31	$7,878
Apr 2001	0	1,297	24.68	5.34	$6,920
Mar 2001	0	964	24.54	5.38	$5,183
Feb 2001	0	880	27.75	5.77	$5,075
Jan 2001	0	1,555	27.47	8.40	$13,060
Dec 2000	0	1,091	26.88	9.12	$9,953
Nov 2000	0	1,103	32.21	5.66	$6,241
Oct 2000	0	994	31.23	5.15	$5,115
Sep 2000	0	969	31.87	5.19	$5,026
Aug 2000	0	994	29.64	4.54	$4,514
Jul 2000	0	1,019	28.53	4.09	$4,167
Jun 2000	0	1,065	29.30	4.40	$4,683
May 2000	0	1,040	27.26	3.68	$3,827
Apr 2000	0	1,056	24.51	3.12	$3,291
Mar 2000	0	1,104	28.42	2.86	$3,157
Feb 2000	0	1,071	27.62	2.73	$2,920
Jan 2000	0	1,225	25.27	2.48	$3,039
Dec 1999	0	1,318	24.28	2.42	$3,194
Nov 1999	0	1,329	23.19	2.43	$3,235
Oct 1999	0	1,502	20.98	2.80	$4,211
Sep 1999	0	1,480	21.75	2.62	$3,876
Aug 1999	0	909	19.26	2.88	$2,614
Jul 1999	0	945	17.89	2.37	$2,242
Jun 1999	0	961	15.94	2.36	$2,270
May 1999	0	889	15.79	2.32	$2,063
Apr 1999	0	876	15.10	2.21	$1,934
Mar 1999	0	850	12.47	1.84	$1,563
Feb 1999	0	942	9.98	1.82	$1,712
Jan 1999	0	1,845	10.38	1.90	$3,505
Dec 1998	0	899	9.20	1.77	$1,594
Nov 1998	0	1,478	10.89	2.19	$3,230
Oct 1998	0	1,273	12.42	1.97	$2,507
Sep 1998	0	1,581	12.59	2.08	$3,293
Aug 1998	0	1,168	11.30	1.91	$2,228
Jul 1998	0	1,488	11.74	2.24	$3,329
Jun 1998	0	1,493	11.24	2.24	$3,340
May 1998	0	1,433	12.62	2.21	$3,162
Apr 1998	0	893	13.04	2.51	$2,237
Mar 1998	0	913	12.80	2.31	$2,109
Feb 1998	0	895	13.95	2.30	$2,058
Jan 1998	0	1,079	14.70	2.15	$2,325
Dec 1997	0	941	16.32	2.41	$2,269
Nov 1997	0	936	18.19	3.09	$2,891
Oct 1997	0	1,032	19.25	3.15	$3,251
Sep 1997	0	1,061	17.74	2.95	$3,135
Aug 1997	0	1,218	17.86	2.55	$3,112
Jul 1997	0	1,210	17.58	2.25	$2,719
Jun 1997	0	1,186	17.24	2.26	$2,677
May 1997	0	1,325	18.97	2.31	$3,059
Apr 1997	0	1,128	17.88	2.08	$2,349
Mar 1997	0	1,204	18.95	1.94	$2,335
Feb 1997	0	1,095	20.49	2.21	$2,415
Jan 1997	0	1,234	23.48	3.54	$4,368
Dec 1996	0	1,035	23.32	—	$0
Nov 1996	0	1,161	21.97	—	$0
Oct 1996	0	1,211	23.31	—	$0
Sep 1996	0	1,194	22.22	—	$0
Aug 1996	0	1,395	20.26	—	$0
Jul 1996	0	1,385	19.55	—	$0
Jun 1996	0	1,299	18.73	—	$0
May 1996	0	1,342	19.43	—	$0
Apr 1996	0	1,353	21.51	—	$0
Mar 1996	0	1,343	19.38	—	$0
Feb 1996	0	1,319	16.98	—	$0
Jan 1996	0	1,432	17.07	—	$0
Dec 1995	0	1,288	17.19	—	$0
Nov 1995	0	1,447	16.00	—	$0
Oct 1995	0	1,676	15.43	—	$0
Sep 1995	0	1,595	16.18	—	$0
Aug 1995	0	2,055	15.92	—	$0
Jul 1995	0	198	15.24	—	$0
Jun 1995	0	1,649	16.41	—	$0
May 1995	0	1,640	17.56	—	$0
Apr 1995	0	1,623	17.73	—	$0
Mar 1995	0	1,632	16.44	—	$0
Feb 1995	0	1,480	16.58	—	$0
Jan 1995	0	1,560	15.92	—	$0
Dec 1994	0	1,466	15.03	—	$0
Nov 1994	0	1,528	15.90	—	$0
Oct 1994	0	1,711	15.58	—	$0
Sep 1994	0	1,685	15.29	—	$0
Aug 1994	0	1,650	16.13	—	$0
Jul 1994	0	1,599	17.56	—	$0
Jun 1994	0	1,623	17.09	—	$0
May 1994	0	1,782	15.88	—	$0
Apr 1994	0	1,785	14.14	—	$0
Mar 1994	0	2,056	12.46	—	$0
Feb 1994	0	1,670	12.50	—	$0
Jan 1994	0	2,188	12.66	—	$0
Dec 1993	0	2,468	12.33	—	$0
Nov 1993	0	2,256	14.49	—	$0
Oct 1993	66	3,607	15.85	—	$1,046
Sep 1993	0	3,877	15.03	—	$0
Aug 1993	0	2,928	15.66	—	$0
Jul 1993	0	1,955	15.46	—	$0
Jun 1993	0	2,260	16.79	—	$0
May 1993	0	2,480	17.68	—	$0
Apr 1993	0	3,085	18.05	—	$0
Mar 1993	0	3,461	18.14	—	$0
Feb 1993	0	3,702	17.90	—	$0
Jan 1993	0	5,169	16.93	—	$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.

Mar 2013 — as filed, then multipliedworked

Condensate             0 bbl  × $ 93.62 =         $0
Gas                  148 Mcf  × $  3.91 =       $579

────────────────────────────────────────────────────
Month total                                     $579

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. 10/G/143865 is the state's own key, not one this site invented.