PEARSON-POTEET

Operated by PEARSON, LEE ROY III (P-5 647749) in the REB (MARBLE FALLS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 129514District 7BField 75095500CondensateGasSaveExport
Value, all time
$6 k
Jan 1993 – Feb 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
182
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 431 leases and 525 wells, and the rule below applies to all of them.

Discovered
1982-03-12
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 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 1986-01-01.

The Commission's schedule remark for this field reads: EFF. 09-10-84 PER DOCKET #7B-82,934

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
CondensateDisposition2 bbl$38
GasProduction6,845 Mcf$5,759
Total$5,797

4,935 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 32.4703, -98.8080. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.47026, -98.80805 · 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
3,860 ft
1 wells filed one
Completion to plug
23.8 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 3,860 ft.

Completions filed
May 1984
1 of 1 wells
Plug dates filed
Feb 2008
1 of 1 wells

Last completion to plug: a median of 23.8 years across the 1 well that filed both dates, with the middle half between 23.8 years and 23.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1333583813,860 ftMay 1984Feb 2008Yes

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 (182)

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

182 months

Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 200102724.262.25$61
Aug 200101024.873.05$31
Jul 200102323.933.20$74
Jun 200102324.563.82$88
May 200102225.524.31$95
Apr 200102324.685.34$123
Mar 200103024.545.38$161
Feb 200102627.755.77$150
Jan 200103027.478.40$252
Dec 200003026.889.12$274
Nov 200002732.215.66$153
Oct 200002831.235.15$144
Sep 200002631.875.19$135
Aug 200003029.644.54$136
Jul 200002928.534.09$119
Jun 200003029.304.40$132
May 200003327.263.68$121
Apr 200003124.513.12$97
Mar 200003528.422.86$100
Feb 200002927.622.73$79
Jan 200002725.272.48$67
Dec 199902824.282.42$68
Nov 199902923.192.43$71
Oct 199903220.982.80$90
Sep 199903021.752.62$79
Aug 199903119.262.88$89
Jul 199903517.892.37$83
Jun 199903415.942.36$80
May 199903415.792.32$79
Apr 199903615.102.21$79
Mar 199903512.471.84$64
Feb 19990249.981.82$44
Jan 199904110.381.90$78
Dec 19980469.201.77$82
Nov 199803010.892.19$66
Oct 199803012.421.97$59
Sep 199803112.592.08$65
Aug 199803311.301.91$63
Jul 199803411.742.24$76
Jun 199803511.242.24$78
May 199803612.622.21$79
Apr 199803713.042.51$93
Mar 199804112.802.31$95
Feb 199803813.952.30$87
Jan 199804214.702.15$91
Dec 199704116.322.41$99
Nov 199704218.193.09$130
Oct 199714219.253.15$152
Sep 199704717.742.95$139
Aug 199704517.862.55$115
Jul 199704117.582.25$92
Jun 199704517.242.26$102
May 199714018.972.31$111
Apr 199704417.882.08$92
Mar 199704518.951.94$87
Feb 199704120.492.21$90
Jan 199704623.483.54$163
Dec 199605023.32$0
Nov 199604721.97$0
Oct 199605423.31$0
Sep 199605422.22$0
Aug 199606020.26$0
Jul 199605719.55$0
Jun 199606118.73$0
May 1996053819.43$0
Apr 199606021.51$0
Mar 199606219.38$0
Feb 199605716.98$0
Jan 199606017.07$0
Dec 199506017.19$0
Nov 199506216.00$0
Oct 199506815.43$0
Sep 199506216.18$0
Aug 199507015.92$0
Jul 199506415.24$0
Jun 199506516.41$0
May 199506917.56$0
Apr 199506117.73$0
Mar 199507416.44$0
Feb 199507916.58$0
Jan 199508515.92$0
Dec 1994017215.03$0
Nov 19940215.90$0
Oct 199409815.58$0
Sep 199409815.29$0
Aug 199406416.13$0
Jul 199406017.56$0
Jun 199408317.09$0
May 1994013015.88$0
Apr 1994014914.14$0
Mar 1994015312.46$0
Feb 1994015812.50$0
Jan 199405212.66$0
Dec 199303612.33$0
Nov 199304314.49$0
Oct 1993014115.85$0
Sep 1993014215.03$0
Aug 1993013515.66$0
Jul 1993015615.46$0
Jun 1993017316.79$0
May 1993018417.68$0
Apr 1993017618.05$0
Mar 1993019318.14$0
Feb 1993017517.90$0
Jan 1993018316.93$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 2001 — as filed, then multipliedworked
Condensate             0 bbl  × $ 24.26 =         $0
Gas                   27 Mcf  × $  2.25 =        $61

────────────────────────────────────────────────────
Month total                                      $61

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. 7B/G/129514 is the state's own key, not one this site invented.