PEARSON, D. B.

Operated by LINN OPERATING, INC. (P-5 501545) in the HORIZON (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 1947District 10Field 42597332NGPA filingOilCasinghead gasSaveExport
Value, all time
$4.3 M
Jan 1993 – May 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
233
no gaps in the span
Streams
2
oil, casinghead 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 172 leases and 292 wells, and the rule below applies to all of them.

Discovered
1957-09-19
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 80 acres. The field rule took effect on 1958-06-01.

The Commission's schedule remark for this field reads: PETRO (CLEVELAND) FLD 68735120 EFC 5/1/11

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
NGPA2none

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
OilDisposition67,462 bbl$2,838,257
Casinghead gasProduction326,555 Mcf$1,420,632
Total$4,258,890

55,955 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 (5)

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 36.1201, -101.0142. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

36.11944, -101.01294 · 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%
5 of 5 wells
With a plug date
0.0%
0 of 5 wells
Median depth
7,671 ft
4 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
5100.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 6,654 and 8,590 ft, median 7,671 ft, over the 4 wells that filed a depth.

Completions filed
Sep 1958 – Oct 2006
5 of 5 wells

5 wells

42-3573260356,761 ftOct 2006Yes
42-3573158948,590 ftMar 1987Yes
42-3573129638,580 ftApr 1985Yes
42-3573034826,654 ftJan 1976Yes
42-357002021Sep 1958Yes

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 (233)

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

233 months

May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 20117002,628105.964.33$85,560
Mar 20111922,90196.364.06$30,271
Feb 20113502,55885.644.18$40,666
Jan 20113732,65986.504.59$44,466
Dec 20101802,75985.734.35$27,427
Nov 20103902,24780.843.80$40,056
Oct 20103742,63378.103.51$38,448
Sep 20101882,07772.633.98$21,920
Aug 20103892,53673.684.42$39,869
Jul 20105652,58772.554.74$53,244
Jun 20101882,61470.364.91$26,063
May 20109402,74171.124.24$78,462
Apr 201019694481.694.12$19,903
Mar 20101862,44678.394.39$25,315
Feb 201002,09073.585.44$11,375
Jan 20103792,88274.365.96$45,371
Dec 20093882,66971.445.48$42,355
Nov 20093812,71174.593.75$38,589
Oct 20093772,77272.544.11$38,741
Sep 20091832,61365.543.06$20,002
Aug 20095563,34867.423.22$48,261
Jul 20091843,11161.133.46$22,026
Jun 20093893,26266.163.90$38,442
May 20093853,45254.743.93$34,627
Apr 20093893,05546.773.59$29,153
Mar 20093903,29542.144.06$29,809
Feb 20095673,21032.814.63$33,475
Jan 20093643,24035.865.37$30,455
Dec 20081981,14837.105.98$14,208
Nov 20087421,34555.496.86$50,401
Oct 20087672,20075.246.92$72,937
Sep 20083852,335101.767.88$57,571
Aug 200802,483114.228.48$21,063
Jul 20083892,553131.0811.39$80,067
Jun 20087782,423131.3313.03$133,753
May 20083882,536123.1711.57$77,142
Apr 20085902,241110.3110.45$88,512
Mar 20083942,733101.909.66$66,561
Feb 20083952,82192.538.77$61,291
Jan 20087732,58290.388.21$91,051
Dec 20073942,12888.337.30$50,341
Nov 20071,1322,19791.677.29$119,790
Oct 20071932,05782.856.92$30,229
Sep 20071891,81975.846.24$25,692
Aug 20071962,13569.066.39$27,174
Jul 20075932,31470.906.39$56,825
Jun 20075842,10962.007.55$52,128
May 20075762,61258.747.85$54,329
Apr 20079862,81959.617.81$80,778
Mar 20071972,72256.927.30$31,089
Feb 20074013,11355.108.22$47,672
Jan 20079175,13850.306.73$80,688
Dec 200619486556.656.92$16,975
Nov 20061921,07154.207.62$18,565
Oct 20063691,19254.906.01$27,427
Sep 20061861,24560.085.04$17,446
Aug 20065671,59968.717.34$50,695
Jul 20061901,33369.376.34$21,635
Jun 20061841,07766.286.38$19,071
May 200639089466.016.42$31,488
Apr 200619666464.397.36$17,508
Mar 200619867456.707.08$16,000
Feb 200619529257.597.75$13,493
Jan 200619977560.598.93$18,981
Dec 200538772354.9413.42$30,961
Nov 200519688954.6910.59$20,132
Oct 200518995258.3413.80$24,160
Sep 200519347361.4512.08$17,573
Aug 2005045361.519.80$4,438
Jul 2005082055.697.84$6,432
Jun 200519385552.337.38$16,410
May 200519287745.226.65$14,515
Apr 200519150749.207.36$13,129
Mar 2005056650.377.15$4,050
Feb 2005061645.226.31$3,888
Jan 200536670743.166.32$20,266
Dec 200418286839.866.75$13,114
Nov 2004092745.286.33$5,868
Oct 200418797449.706.52$15,640
Sep 20041881,07143.245.28$13,788
Aug 20041861,05842.375.55$13,753
Jul 20041791,07138.286.08$13,368
Jun 20041891,03236.106.43$13,462
May 20041851,21537.486.49$14,825
Apr 20041851,39834.475.86$14,567
Mar 20041831,40934.365.53$14,080
Feb 20041861,16332.455.51$12,443
Jan 20043671,05732.036.30$18,414
Dec 20031871,30830.266.30$13,901
Nov 20031861,17328.804.60$10,747
Oct 20031871,26728.174.76$11,298
Sep 20031881,14726.314.75$10,394
Aug 20035461,66329.765.13$24,780
Jul 20033661,58629.415.17$18,965
Jun 20031861,29228.565.98$13,042
May 200301,21426.595.97$7,251
Apr 20032241,20926.675.41$12,511
Mar 20031881,26531.146.10$13,566
Feb 2003194033.487.93$6,495
Jan 2003389030.315.58$11,791
Dec 20024041,34826.914.85$17,415
Nov 20022031,31724.664.14$10,454
Oct 20021951,74626.464.23$12,544
Sep 2002191027.443.64$5,241
Aug 20024061,03525.963.16$13,815
Jul 20022071,08224.583.06$8,401
Jun 200219597423.733.34$7,879
May 20021971,08524.663.58$8,747
Apr 20021911,26623.653.51$8,964
Mar 20023911,33822.003.10$12,753
Feb 20024061,11218.222.38$10,039
Jan 200201,23617.172.38$2,936
Dec 20011791,30016.932.36$6,104
Nov 20012061,19518.072.41$6,597
Oct 20013861,23819.782.53$10,766
Sep 200119158524.262.25$5,951
Aug 20011861,30824.873.05$8,619
Jul 20013731,61323.933.20$14,083
Jun 20013811,66724.563.82$15,732
May 20011961,66625.524.31$12,178
Apr 20013902,09624.685.34$20,808
Mar 20011942,02424.545.38$15,643
Feb 20013561,62127.755.77$19,227
Jan 20014001,89127.478.40$26,870
Dec 200001,69026.889.12$15,417
Nov 20005201,89132.215.66$27,448
Oct 20003892,02731.235.15$22,578
Sep 20001921,92831.875.19$16,119
Aug 20003921,99229.644.54$20,664
Jul 20005811,64028.534.09$23,283
Jun 20001971,70229.304.40$13,256
May 20003851,61927.263.68$16,453
Apr 20003741,52024.513.12$13,903
Mar 20005881,93528.422.86$22,245
Feb 20001961,18127.622.73$8,634
Jan 20003541,13525.272.48$11,761
Dec 199901,08424.282.42$2,627
Nov 19991921,10823.192.43$7,149
Oct 199901,39120.982.80$3,900
Sep 19993031,23421.752.62$9,822
Aug 19991911,12519.262.88$6,914
Jul 19995801,62317.892.37$14,227
Jun 19993791,41015.942.36$9,372
May 19991911,28515.792.32$5,998
Apr 199901,33115.102.21$2,939
Mar 19993711,10612.471.84$6,660
Feb 199907959.981.82$1,445
Jan 1999028110.381.90$534
Dec 19981905139.201.77$2,658
Nov 1998092310.892.19$2,017
Oct 199818879512.421.97$3,900
Sep 19986791,03612.592.08$10,706
Aug 19981901,00911.301.91$4,072
Jul 199834481511.742.24$5,862
Jun 1998099811.242.24$2,233
May 19981881,16512.622.21$4,943
Apr 19985281,16113.042.51$9,794
Mar 19983841,18012.802.31$7,640
Feb 19981871,13613.952.30$5,220
Jan 199838458214.702.15$6,899
Dec 199701,12516.322.41$2,712
Nov 199718774818.193.09$5,712
Oct 19971871,41619.253.15$8,060
Sep 1997097817.742.95$2,890
Aug 19973281,02017.862.55$8,464
Jul 19971911,02417.582.25$5,659
Jun 19973871,07317.242.26$9,094
May 19973831,27218.972.31$10,202
Apr 199718997917.882.08$5,418
Mar 199738187818.951.94$8,923
Feb 199733791020.492.21$8,913
Jan 1997099923.483.54$3,536
Dec 19965401,00423.32$12,593
Nov 1996099321.97$0
Oct 19967051,27523.31$16,434
Sep 199601,12822.22$0
Aug 19967151,06720.26$14,486
Jul 19961821,30519.55$3,558
Jun 19963571,47518.73$6,687
May 199619377719.43$3,750
Apr 199619475621.51$4,173
Mar 19961991,13419.38$3,857
Feb 199657196016.98$9,696
Jan 19963891,18917.07$6,640
Dec 199501,33517.19$0
Nov 19953861,41616.00$6,176
Oct 19951901,79815.43$2,932
Sep 199535453416.18$5,728
Aug 199556583415.92$8,995
Jul 199538066115.24$5,791
Jun 199533783116.41$5,530
May 19951931,07917.56$3,389
Apr 19951811,52017.73$3,209
Mar 19957631,71716.44$12,544
Feb 199532472116.58$5,372
Jan 199501,00315.92$0
Dec 199430572715.03$4,584
Nov 19943501,05515.90$5,565
Oct 19943331,06515.58$5,188
Sep 19943231,50915.29$4,939
Aug 199435359216.13$5,694
Jul 19946891,06617.56$12,099
Jun 1994084417.09$0
May 19942671,23415.88$4,240
Apr 19944361,41014.14$6,165
Mar 19945571,60412.46$6,940
Feb 19941961,03412.50$2,450
Jan 19945211,02712.66$6,596
Dec 19932401,89312.33$2,959
Nov 19932171,38514.49$3,144
Oct 19932061,12515.85$3,265
Sep 19935761,24815.03$8,657
Aug 19932991,50415.66$4,682
Jul 19932481,21815.46$3,834
Jun 19933631,06716.79$6,095
May 19935711,37917.68$10,095
Apr 19931871,36418.05$3,375
Mar 19934921,60418.14$8,925
Feb 19933581,02317.90$6,408
Jan 19937011,46616.93$11,868

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.

Apr 2011 — as filed, then multipliedworked
Oil                  700 bbl  × $105.96 =    $74,172
Casinghead gas     2,628 Mcf  × $  4.33 =    $11,388

────────────────────────────────────────────────────
Month total                                  $85,560

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/O/1947 is the state's own key, not one this site invented.