ISAACS

Operated by 4P ENERGY TEXAS, LLC (P-5 953803) in the MENDOTA, NW. (CHEROKEE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 198484District 10Field 604621252 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.1 M
Oct 2003 – May 2017
Value, last 12 filed months
$287
at the published price for each month
Months reported
164
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 35 leases and 36 wells, and the rule below applies to all of them.

Discovered
1969-04-15
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 160 acres.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED EFF. 7/1/84

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 Gas112004-05-07156673
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
CondensateDisposition3,387 bbl$178,544
GasProduction139,539 Mcf$918,911
Total$1,097,455

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 35.8881, -100.4466. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.88806, -100.44664 · 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
10,580 ft
1 wells filed one
Completion to plug
13.6 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 10,580 ft.

Completions filed
Oct 2003
1 of 1 wells
Plug dates filed
May 2017
1 of 1 wells

Last completion to plug: a median of 13.6 years across the 1 well that filed both dates, with the middle half between 13.6 years and 13.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-21132804320110,580 ftOct 2003May 2017Yes

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 (164)

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

164 months

May 201708845.373.26$287
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 201548043.433.10$2,085
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 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 2013042193.964.28$1,803
Mar 2013051193.623.91$1,999
Feb 2013040791.233.42$1,392
Jan 2013058191.603.42$1,987
Dec 2012047886.773.42$1,635
Nov 2012039686.953.62$1,435
Oct 201217144189.383.40$16,783
Sep 2012024094.672.92$700
Aug 2012049892.662.91$1,448
Jul 2012055185.133.02$1,664
Jun 2012028279.822.52$710
May 2012031291.612.49$776
Apr 20120410101.652.00$819
Mar 20120506105.052.22$1,124
Feb 20120349101.102.57$897
Jan 2012063998.092.73$1,747
Dec 20110496.873.24$13
Nov 201102295.723.31$73
Oct 2011031984.983.65$1,164
Sep 2011042983.623.99$1,710
Aug 2011028283.404.15$1,170
Jul 2011052694.144.52$2,376
Jun 2011059092.904.64$2,738
May 2011035598.134.40$1,564
Apr 20110575105.964.33$2,492
Mar 2011045896.364.06$1,858
Feb 201117533985.644.18$16,404
Jan 2011045786.504.59$2,097
Dec 2010035085.734.35$1,522
Nov 2010038680.843.80$1,465
Oct 2010053378.103.51$1,870
Sep 2010026872.633.98$1,067
Aug 2010044473.684.42$1,962
Jul 2010044672.554.74$2,112
Jun 2010040870.364.91$2,003
May 2010055871.124.24$2,363
Apr 2010054181.694.12$2,230
Mar 2010065478.394.39$2,870
Feb 2010054873.585.44$2,982
Jan 2010066374.365.96$3,954
Dec 2009094871.445.48$5,199
Nov 2009088374.593.75$3,313
Oct 2009083172.544.11$3,416
Sep 2009086265.543.06$2,642
Aug 2009083067.423.22$2,671
Jul 200919686961.133.46$14,992
Jun 2009070066.163.90$2,727
May 2009068554.743.93$2,689
Apr 2009096546.773.59$3,462
Mar 2009086642.144.06$3,515
Feb 2009093232.814.63$4,318
Jan 2009090335.865.37$4,850
Dec 200801,02737.105.98$6,139
Nov 200801,00955.496.86$6,922
Oct 200801,13375.246.92$7,843
Sep 20080381101.767.88$3,001
Aug 20080162114.228.48$1,374
Jul 20080415131.0811.39$4,727
Jun 20080859131.3313.03$11,195
May 20080796123.1711.57$9,213
Apr 200801,159110.3110.45$12,117
Mar 20081991,090101.909.66$30,812
Feb 200801,26292.538.77$11,068
Jan 200801,41290.388.21$11,586
Dec 2007011188.337.30$811
Nov 2007093791.677.29$6,832
Oct 2007081082.856.92$5,607
Sep 2007027775.846.24$1,730
Aug 2007096969.066.39$6,190
Jul 200701,31570.906.39$8,400
Jun 200701,31462.007.55$9,919
May 200701,05858.747.85$8,301
Apr 200701,07259.617.81$8,367
Mar 200701,14856.927.30$8,383
Feb 2007024955.108.22$2,046
Jan 20071801,05650.306.73$16,158
Dec 200601,27656.656.92$8,828
Nov 200601,29454.207.62$9,857
Oct 200601,31254.906.01$7,890
Sep 200601,37260.085.04$6,911
Aug 200601,51568.717.34$11,120
Jul 200601,54069.376.34$9,768
Jun 20061991,56066.286.38$23,149
May 200601,65466.016.42$10,627
Apr 200601,41364.397.36$10,400
Mar 200601,81456.707.08$12,848
Feb 200601,64157.597.75$12,720
Jan 20062011,87360.598.93$28,911
Dec 200502,04454.9413.42$27,421
Nov 200502,03654.6910.59$21,558
Oct 200502,35158.3413.80$32,434
Sep 200502,21261.4512.08$26,719
Aug 200501,82461.519.80$17,869
Jul 20051861,99155.697.84$25,975
Jun 200501,71452.337.38$12,651
May 200501,95945.226.65$13,030
Apr 20051801,66949.207.36$21,141
Mar 200501,87850.377.15$13,437
Feb 200501,74945.226.31$11,040
Jan 200502,00843.166.32$12,695
Dec 20041702,16139.866.75$21,365
Nov 200402,11245.286.33$13,370
Oct 20041882,28949.706.52$24,257
Sep 200402,29643.245.28$12,132
Aug 200402,91042.375.55$16,152
Jul 20041833,57938.286.08$28,781
Jun 200403,71136.106.43$23,873
May 20041834,02937.486.49$33,026
Apr 200404,51834.475.86$26,469
Mar 20041825,32034.365.53$35,674
Feb 20043816,74632.455.51$49,531
Jan 20043659,42632.036.30$71,071
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 2003018328.174.76$871

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.

May 2017 — as filed, then multipliedworked
Condensate             0 bbl  × $ 45.37 =         $0
Gas                   88 Mcf  × $  3.26 =       $287

────────────────────────────────────────────────────
Month total                                     $287

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/198484 is the state's own key, not one this site invented.