PEGRAM

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

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the TEXAS HUGOTON field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 27697District 10Field 89120001NGPA filingGasSave Export

Value, all time

$399 k

Jan 1993 – Jun 2015

Value, last 12 filed months

$78

at the published price for each month

Months reported

270

no gaps in the span

Streams

gas

The TEXAS HUGOTON 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 1,719 leases and 1,719 wells, and the rule below applies to all of them.

Discovered

1945-06-25

as the register files it

Field class

Gas

the register's own label

Between wells

2,500 ft

minimum

From a lease line

1,250 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1996-02-01.

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

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
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
Gas	Production	125,088 Mcf	$398,637
Total			$398,637

37,765 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 36.3794, -101.9094. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.37941, -101.90935 · 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

2,950 ft

1 wells filed one

Completion to plug

69.8 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 2,950 ft.

Completions filed

Aug 1945

1 of 1 wells

Plug dates filed

Jun 2015

1 of 1 wells

Last completion to plug: a median of 69.8 years across the 1 well that filed both dates, with the middle half between 69.8 years and 69.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-42100368	1	2,950 ft	Aug 1945	Jun 2015	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 (270)

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

270 months


Jun 2015	0	56.15	2.88	$0
May 2015	0	55.21	2.96	$0
Apr 2015	0	49.82	2.71	$0
Mar 2015	0	42.89	2.93	$0
Feb 2015	0	44.66	2.98	$0
Jan 2015	0	43.43	3.10	$0
Dec 2014	0	54.69	3.59	$0
Nov 2014	0	70.46	4.25	$0
Oct 2014	0	78.30	3.90	$0
Sep 2014	2	86.16	4.05	$8
Aug 2014	9	89.39	4.04	$36
Jul 2014	8	96.56	4.18	$33
Jun 2014	17	98.16	4.74	$81
May 2014	19	94.73	4.73	$90
Apr 2014	28	95.94	4.81	$135
Mar 2014	26	95.89	5.06	$131
Feb 2014	27	97.40	6.19	$167
Jan 2014	29	90.40	4.86	$141
Dec 2013	29	91.82	4.35	$126
Nov 2013	25	88.85	3.74	$93
Oct 2013	14	97.42	3.78	$53
Sep 2013	10	104.11	3.72	$37
Aug 2013	13	104.25	3.52	$46
Jul 2013	14	102.52	3.72	$52
Jun 2013	12	94.40	3.93	$47
May 2013	12	94.83	4.15	$50
Apr 2013	13	93.96	4.28	$56
Mar 2013	33	93.62	3.91	$129
Feb 2013	31	91.23	3.42	$106
Jan 2013	32	91.60	3.42	$109
Dec 2012	20	86.77	3.42	$68
Nov 2012	13	86.95	3.62	$47
Oct 2012	20	89.38	3.40	$68
Sep 2012	21	94.67	2.92	$61
Aug 2012	19	92.66	2.91	$55
Jul 2012	100	85.13	3.02	$302
Jun 2012	293	79.82	2.52	$738
May 2012	274	91.61	2.49	$682
Apr 2012	168	101.65	2.00	$335
Mar 2012	190	105.05	2.22	$422
Feb 2012	198	101.10	2.57	$509
Jan 2012	242	98.09	2.73	$662
Dec 2011	266	96.87	3.24	$862
Nov 2011	254	95.72	3.31	$841
Oct 2011	250	84.98	3.65	$912
Sep 2011	275	83.62	3.99	$1,096
Aug 2011	282	83.40	4.15	$1,170
Jul 2011	200	94.14	4.52	$903
Jun 2011	220	92.90	4.64	$1,021
May 2011	231	98.13	4.40	$1,018
Apr 2011	233	105.96	4.33	$1,010
Mar 2011	253	96.36	4.06	$1,027
Feb 2011	237	85.64	4.18	$991
Jan 2011	277	86.50	4.59	$1,271
Dec 2010	271	85.73	4.35	$1,178
Nov 2010	267	80.84	3.80	$1,013
Oct 2010	268	78.10	3.51	$940
Sep 2010	250	72.63	3.98	$995
Aug 2010	254	73.68	4.42	$1,123
Jul 2010	252	72.55	4.74	$1,194
Jun 2010	245	70.36	4.91	$1,203
May 2010	261	71.12	4.24	$1,105
Apr 2010	260	81.69	4.12	$1,072
Mar 2010	275	78.39	4.39	$1,207
Feb 2010	253	73.58	5.44	$1,377
Jan 2010	284	74.36	5.96	$1,694
Dec 2009	299	71.44	5.48	$1,640
Nov 2009	282	74.59	3.75	$1,058
Oct 2009	285	72.54	4.11	$1,171
Sep 2009	271	65.54	3.06	$831
Aug 2009	281	67.42	3.22	$904
Jul 2009	291	61.13	3.46	$1,008
Jun 2009	288	66.16	3.90	$1,122
May 2009	301	54.74	3.93	$1,182
Apr 2009	303	46.77	3.59	$1,087
Mar 2009	318	42.14	4.06	$1,291
Feb 2009	308	32.81	4.63	$1,427
Jan 2009	329	35.86	5.37	$1,767
Dec 2008	328	37.10	5.98	$1,961
Nov 2008	323	55.49	6.86	$2,216
Oct 2008	322	75.24	6.92	$2,229
Sep 2008	317	101.76	7.88	$2,497
Aug 2008	325	114.22	8.48	$2,757
Jul 2008	194	131.08	11.39	$2,210
Jun 2008	243	131.33	13.03	$3,167
May 2008	273	123.17	11.57	$3,160
Apr 2008	323	110.31	10.45	$3,377
Mar 2008	337	101.90	9.66	$3,257
Feb 2008	329	92.53	8.77	$2,886
Jan 2008	392	90.38	8.21	$3,217
Dec 2007	380	88.33	7.30	$2,775
Nov 2007	339	91.67	7.29	$2,472
Oct 2007	337	82.85	6.92	$2,333
Sep 2007	342	75.84	6.24	$2,136
Aug 2007	354	69.06	6.39	$2,261
Jul 2007	360	70.90	6.39	$2,300
Jun 2007	348	62.00	7.55	$2,627
May 2007	332	58.74	7.85	$2,605
Apr 2007	357	59.61	7.81	$2,786
Mar 2007	383	56.92	7.30	$2,797
Feb 2007	339	55.10	8.22	$2,785
Jan 2007	351	50.30	6.73	$2,361
Dec 2006	363	56.65	6.92	$2,511
Nov 2006	385	54.20	7.62	$2,933
Oct 2006	404	54.90	6.01	$2,430
Sep 2006	389	60.08	5.04	$1,959
Aug 2006	403	68.71	7.34	$2,958
Jul 2006	362	69.37	6.34	$2,296
Jun 2006	395	66.28	6.38	$2,522
May 2006	362	66.01	6.42	$2,326
Apr 2006	399	64.39	7.36	$2,937
Mar 2006	415	56.70	7.08	$2,939
Feb 2006	381	57.59	7.75	$2,953
Jan 2006	417	60.59	8.93	$3,725
Dec 2005	430	54.94	13.42	$5,769
Nov 2005	401	54.69	10.59	$4,246
Oct 2005	332	58.34	13.80	$4,580
Sep 2005	412	61.45	12.08	$4,977
Aug 2005	429	61.51	9.80	$4,203
Jul 2005	426	55.69	7.84	$3,341
Jun 2005	420	52.33	7.38	$3,100
May 2005	388	45.22	6.65	$2,581
Apr 2005	427	49.20	7.36	$3,143
Mar 2005	447	50.37	7.15	$3,198
Feb 2005	406	45.22	6.31	$2,563
Jan 2005	474	43.16	6.32	$2,997
Dec 2004	539	39.86	6.75	$3,639
Nov 2004	438	45.28	6.33	$2,773
Oct 2004	459	49.70	6.52	$2,990
Sep 2004	439	43.24	5.28	$2,320
Aug 2004	462	42.37	5.55	$2,564
Jul 2004	450	38.28	6.08	$2,738
Jun 2004	439	36.10	6.43	$2,824
May 2004	439	37.48	6.49	$2,851
Apr 2004	428	34.47	5.86	$2,507
Mar 2004	458	34.36	5.53	$2,533
Feb 2004	472	32.45	5.51	$2,601
Jan 2004	512	32.03	6.30	$3,225
Dec 2003	500	30.26	6.30	$3,151
Nov 2003	475	28.80	4.60	$2,183
Oct 2003	496	28.17	4.76	$2,361
Sep 2003	486	26.31	4.75	$2,308
Aug 2003	495	29.76	5.13	$2,539
Jul 2003	495	29.41	5.17	$2,560
Jun 2003	498	28.56	5.98	$2,980
May 2003	486	26.59	5.97	$2,903
Apr 2003	482	26.67	5.41	$2,606
Mar 2003	501	31.14	6.10	$3,054
Feb 2003	456	33.48	7.93	$3,614
Jan 2003	508	30.31	5.58	$2,836
Dec 2002	522	26.91	4.85	$2,534
Nov 2002	528	24.66	4.14	$2,184
Oct 2002	526	26.46	4.23	$2,225
Sep 2002	522	27.44	3.64	$1,898
Aug 2002	556	25.96	3.16	$1,759
Jul 2002	542	24.58	3.06	$1,659
Jun 2002	536	23.73	3.34	$1,789
May 2002	505	24.66	3.58	$1,810
Apr 2002	529	23.65	3.51	$1,858
Mar 2002	603	22.00	3.10	$1,871
Feb 2002	547	18.22	2.38	$1,300
Jan 2002	622	17.17	2.38	$1,478
Dec 2001	604	16.93	2.36	$1,428
Nov 2001	570	18.07	2.41	$1,371
Oct 2001	600	19.78	2.53	$1,517
Sep 2001	567	24.26	2.25	$1,277
Aug 2001	614	24.87	3.05	$1,875
Jul 2001	598	23.93	3.20	$1,912
Jun 2001	552	24.56	3.82	$2,111
May 2001	613	25.52	4.31	$2,640
Apr 2001	601	24.68	5.34	$3,207
Mar 2001	621	24.54	5.38	$3,339
Feb 2001	586	27.75	5.77	$3,380
Jan 2001	635	27.47	8.40	$5,333
Dec 2000	676	26.88	9.12	$6,167
Nov 2000	617	32.21	5.66	$3,491
Oct 2000	657	31.23	5.15	$3,381
Sep 2000	523	31.87	5.19	$2,713
Aug 2000	675	29.64	4.54	$3,065
Jul 2000	671	28.53	4.09	$2,744
Jun 2000	640	29.30	4.40	$2,814
May 2000	635	27.26	3.68	$2,337
Apr 2000	623	24.51	3.12	$1,941
Mar 2000	651	28.42	2.86	$1,862
Feb 2000	642	27.62	2.73	$1,750
Jan 2000	657	25.27	2.48	$1,630
Dec 1999	716	24.28	2.42	$1,735
Nov 1999	649	23.19	2.43	$1,580
Oct 1999	697	20.98	2.80	$1,954
Sep 1999	627	21.75	2.62	$1,642
Aug 1999	647	19.26	2.88	$1,861
Jul 1999	720	17.89	2.37	$1,708
Jun 1999	674	15.94	2.36	$1,592
May 1999	715	15.79	2.32	$1,660
Apr 1999	694	15.10	2.21	$1,532
Mar 1999	702	12.47	1.84	$1,291
Feb 1999	649	9.98	1.82	$1,180
Jan 1999	715	10.38	1.90	$1,358
Dec 1998	718	9.20	1.77	$1,273
Nov 1998	697	10.89	2.19	$1,523
Oct 1998	715	12.42	1.97	$1,408
Sep 1998	689	12.59	2.08	$1,435
Aug 1998	696	11.30	1.91	$1,328
Jul 1998	719	11.74	2.24	$1,609
Jun 1998	604	11.24	2.24	$1,351
May 1998	691	12.62	2.21	$1,525
Apr 1998	677	13.04	2.51	$1,696
Mar 1998	738	12.80	2.31	$1,704
Feb 1998	645	13.95	2.30	$1,483
Jan 1998	734	14.70	2.15	$1,582
Dec 1997	725	16.32	2.41	$1,748
Nov 1997	698	18.19	3.09	$2,156
Oct 1997	737	19.25	3.15	$2,321
Sep 1997	728	17.74	2.95	$2,151
Aug 1997	730	17.86	2.55	$1,865
Jul 1997	744	17.58	2.25	$1,672
Jun 1997	721	17.24	2.26	$1,627
May 1997	672	18.97	2.31	$1,551
Apr 1997	733	17.88	2.08	$1,527
Mar 1997	768	18.95	1.94	$1,489
Feb 1997	707	20.49	2.21	$1,560
Jan 1997	823	23.48	3.54	$2,913
Dec 1996	804	23.32	—	$0
Nov 1996	763	21.97	—	$0
Oct 1996	770	23.31	—	$0
Sep 1996	754	22.22	—	$0
Aug 1996	785	20.26	—	$0
Jul 1996	778	19.55	—	$0
Jun 1996	716	18.73	—	$0
May 1996	749	19.43	—	$0
Apr 1996	755	21.51	—	$0
Mar 1996	812	19.38	—	$0
Feb 1996	765	16.98	—	$0
Jan 1996	861	17.07	—	$0
Dec 1995	823	17.19	—	$0
Nov 1995	763	16.00	—	$0
Oct 1995	812	15.43	—	$0
Sep 1995	776	16.18	—	$0
Aug 1995	860	15.92	—	$0
Jul 1995	823	15.24	—	$0
Jun 1995	708	16.41	—	$0
May 1995	830	17.56	—	$0
Apr 1995	806	17.73	—	$0
Mar 1995	822	16.44	—	$0
Feb 1995	728	16.58	—	$0
Jan 1995	799	15.92	—	$0
Dec 1994	796	15.03	—	$0
Nov 1994	791	15.90	—	$0
Oct 1994	859	15.58	—	$0
Sep 1994	839	15.29	—	$0
Aug 1994	869	16.13	—	$0
Jul 1994	862	17.56	—	$0
Jun 1994	751	17.09	—	$0
May 1994	866	15.88	—	$0
Apr 1994	806	14.14	—	$0
Mar 1994	866	12.46	—	$0
Feb 1994	710	12.50	—	$0
Jan 1994	805	12.66	—	$0
Dec 1993	809	12.33	—	$0
Nov 1993	778	14.49	—	$0
Oct 1993	800	15.85	—	$0
Sep 1993	775	15.03	—	$0
Aug 1993	817	15.66	—	$0
Jul 1993	852	15.46	—	$0
Jun 1993	630	16.79	—	$0
May 1993	541	17.68	—	$0
Apr 1993	561	18.05	—	$0
Mar 1993	869	18.14	—	$0
Feb 1993	765	17.90	—	$0
Jan 1993	886	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.

Sep 2014 — as filed, then multipliedworked

Gas                    2 Mcf  × $  4.05 =         $8

────────────────────────────────────────────────────
Month total                                       $8

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/27697 is the state's own key, not one this site invented.