PEERY -B-

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

Oil lease lease 3332District 10Field 70247333NGPA filingOilCasinghead gasSaveExport
Value, all time
$807 k
Jan 1993 – Jan 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
229
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 68 leases and 103 wells, and the rule below applies to all of them.

Discovered
1962-09-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1962-11-01.

The Commission's schedule remark for this field reads: NET GOR 1000 MCF/DAY

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
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
OilDisposition8,568 bbl$247,010
Casinghead gasProduction159,171 Mcf$559,556
Total$806,567

49,449 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 (2)

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 36.3099, -100.5315. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

36.30994, -100.53152 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
8,340 ft
2 wells filed one
Completion to plug
32.3 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
2100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
2100.0%
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 7,530 and 9,150 ft, median 8,340 ft, over the 2 wells that filed a depth.

Completions filed
May 1966 – May 1983
2 of 2 wells
Plug dates filed
Nov 2002 – May 2011
2 of 2 wells

Last completion to plug: a median of 32.3 years across the 2 wells that filed both dates, with the middle half between 30.2 years and 34.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-2953126827,530 ftMay 1983May 2011Yes
42-2958018419,150 ftMay 1966Nov 2002Yes

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 (229)

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

229 months

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 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 2009169032.814.63$5,545
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080255.496.86$14
Oct 2008057475.246.92$3,973
Sep 20080621101.767.88$4,892
Aug 20080608114.228.48$5,158
Jul 20080706131.0811.39$8,041
Jun 20080623131.3313.03$8,119
May 2008186562123.1711.57$29,414
Apr 20080716110.3110.45$7,486
Mar 20080522101.909.66$5,045
Feb 2008061592.538.77$5,394
Jan 2008067690.388.21$5,547
Dec 2007069288.337.30$5,053
Nov 200718566791.677.29$21,823
Oct 2007066782.856.92$4,617
Sep 2007067475.846.24$4,209
Aug 2007071869.066.39$4,587
Jul 2007068270.906.39$4,357
Jun 2007073962.007.55$5,578
May 2007092258.747.85$7,234
Apr 200722487059.617.81$20,143
Mar 200701,03556.927.30$7,558
Feb 2007067355.108.22$5,529
Jan 2007067750.306.73$4,554
Dec 2006077056.656.92$5,327
Nov 2006067554.207.62$5,142
Oct 200622268654.906.01$16,313
Sep 2006065660.085.04$3,304
Aug 2006072668.717.34$5,329
Jul 2006074869.376.34$4,744
Jun 2006070566.286.38$4,501
May 2006068166.016.42$4,375
Apr 200619773564.397.36$18,095
Mar 2006077656.707.08$5,496
Feb 2006067257.597.75$5,209
Jan 2006078860.598.93$7,039
Dec 2005072854.9413.42$9,766
Nov 2005081754.6910.59$8,651
Oct 2005073958.3413.80$10,195
Sep 200518662861.4512.08$19,015
Aug 2005078561.519.80$7,691
Jul 2005035555.697.84$2,784
Jun 2005074652.337.38$5,506
May 2005080745.226.65$5,367
Apr 2005078249.207.36$5,756
Mar 200519286550.377.15$15,860
Feb 2005562145.226.31$4,146
Jan 2005083243.166.32$5,260
Dec 2004083439.866.75$5,630
Nov 2004083445.286.33$5,280
Oct 2004086149.706.52$5,610
Sep 200424784543.245.28$15,145
Aug 2004089242.375.55$4,951
Jul 2004083738.286.08$5,092
Jun 2004072536.106.43$4,664
May 2004075637.486.49$4,910
Apr 2004083234.475.86$4,874
Mar 2004086234.365.53$4,767
Feb 200421281632.455.51$11,375
Jan 2004083232.036.30$5,241
Dec 2003099230.266.30$6,251
Nov 2003067928.804.60$3,120
Oct 2003091828.174.76$4,369
Sep 200323186226.314.75$10,172
Aug 2003090429.765.13$4,637
Jul 2003080529.415.17$4,163
Jun 2003090928.565.98$5,439
May 200301,00426.595.97$5,997
Apr 200322590326.675.41$10,884
Mar 2003093131.146.10$5,675
Feb 2003071733.487.93$5,683
Jan 2003081030.315.58$4,521
Dec 2002082526.914.85$4,004
Nov 2002079324.664.14$3,281
Oct 200222972826.464.23$9,138
Sep 2002074327.443.64$2,701
Aug 2002076725.963.16$2,427
Jul 2002048524.583.06$1,485
Jun 2002072523.733.34$2,420
May 2002072324.663.58$2,591
Apr 200224878723.653.51$8,629
Mar 2002075422.003.10$2,339
Feb 2002069218.222.38$1,644
Jan 2002075417.172.38$1,791
Dec 2001076916.932.36$1,818
Nov 2001069618.072.41$1,674
Oct 2001077919.782.53$1,970
Sep 200122273624.262.25$7,043
Aug 2001070424.873.05$2,149
Jul 2001072923.933.20$2,331
Jun 2001072924.563.82$2,788
May 2001072625.524.31$3,127
Apr 200122860224.685.34$8,839
Mar 2001067024.545.38$3,602
Feb 2001061227.755.77$3,529
Jan 2001075127.478.40$6,307
Dec 2000080126.889.12$7,307
Nov 2000080832.215.66$4,572
Oct 200024577431.235.15$11,634
Sep 2000076831.875.19$3,983
Aug 2000079929.644.54$3,628
Jul 2000074728.534.09$3,055
Jun 2000076329.304.40$3,355
May 2000085827.263.68$3,157
Apr 2000080224.513.12$2,499
Mar 2000080728.422.86$2,308
Feb 200025173327.622.73$8,931
Jan 2000090725.272.48$2,250
Dec 1999091224.282.42$2,210
Nov 1999089823.192.43$2,186
Oct 1999082720.982.80$2,319
Sep 199923582821.752.62$7,280
Aug 1999083319.262.88$2,395
Jul 1999084517.892.37$2,005
Jun 1999081815.942.36$1,932
May 1999078515.792.32$1,822
Apr 199924080315.102.21$5,397
Mar 1999082712.471.84$1,520
Feb 199907609.981.82$1,382
Jan 1999080110.381.90$1,522
Dec 199808159.201.77$1,445
Nov 1998080610.892.19$1,762
Oct 1998075912.421.97$1,495
Sep 199825779212.592.08$4,885
Aug 1998075811.301.91$1,446
Jul 1998080811.742.24$1,808
Jun 1998095511.242.24$2,137
May 1998084712.622.21$1,869
Apr 1998087713.042.51$2,197
Mar 199825892112.802.31$5,429
Feb 1998084513.952.30$1,943
Jan 1998095314.702.15$2,054
Dec 199725690516.322.41$6,360
Nov 1997082418.193.09$2,545
Oct 1997080319.253.15$2,529
Sep 1997082317.742.95$2,432
Aug 1997084017.862.55$2,146
Jul 199722885017.582.25$5,918
Jun 1997084517.242.26$1,907
May 199711386518.972.31$4,140
Apr 1997083217.882.08$1,733
Mar 1997097218.951.94$1,885
Feb 1997069120.492.21$1,524
Jan 1997062923.483.54$2,226
Dec 1996071623.32$0
Nov 1996081321.97$0
Oct 1996088023.31$0
Sep 1996091622.22$0
Aug 1996087320.26$0
Jul 1996093519.55$0
Jun 1996096818.73$0
May 19962581,07919.43$5,013
Apr 1996062421.51$0
Mar 1996063619.38$0
Feb 1996087916.98$0
Jan 1996078017.07$0
Dec 1995084217.19$0
Nov 199524983716.00$3,984
Oct 1995081515.43$0
Sep 1995088816.18$0
Aug 199501,08915.92$0
Jul 1995096615.24$0
Jun 1995097716.41$0
May 199501,01117.56$0
Apr 199523788717.73$4,202
Mar 199501,09716.44$0
Feb 1995094616.58$0
Jan 1995091215.92$0
Dec 19942391,07715.03$3,592
Nov 199401,01915.90$0
Oct 199401,17715.58$0
Sep 19942311,31915.29$3,532
Aug 199401,18316.13$0
Jul 199401,18817.56$0
Jun 199401,22717.09$0
May 19942191,30215.88$3,478
Apr 199401,26514.14$0
Mar 19942151,15312.46$2,679
Feb 1994090212.50$0
Jan 199401,28212.66$0
Dec 19932511,19912.33$3,095
Nov 199301,16814.49$0
Oct 19932631,14715.85$4,169
Sep 199301,15415.03$0
Aug 199301,32015.66$0
Jul 19932381,22715.46$3,679
Jun 199301,18616.79$0
May 19932501,31517.68$4,420
Apr 199318872418.05$3,393
Mar 199301,01918.14$0
Feb 199301,15017.90$0
Jan 19932391,38016.93$4,046

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.

Feb 2009 — as filed, then multipliedworked
Oil                  169 bbl  × $ 32.81 =     $5,545
Casinghead gas         0 Mcf  × $  4.63 =         $0

────────────────────────────────────────────────────
Month total                                   $5,545

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/3332 is the state's own key, not one this site invented.