PEIPLEMAN, J.G.

Operated by VANTAGE FORT WORTH ENERGY LLC (P-5 882575) in the LAKE MINERAL WELLS (4646 ATOKA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 83398District 7BField 51501700NGPA filingCondensateGasSaveExport
Value, all time
$132 k
Jan 1993 – Nov 2010
Value, last 12 filed months
$430
at the published price for each month
Months reported
215
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 1 leases and 1 wells, and the rule below applies to all of them.

Discovered
1979-05-25
as the register files it
Field class
Gas
the register's own label
Between wells
1,867 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: EFFEC 1-1-80 PER DOCKET-#7B-74-193

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
CondensateDisposition304 bbl$6,638
GasProduction51,419 Mcf$125,261
Total$131,899

23,053 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 32.8188, -98.0075. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.81878, -98.00748 · 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
4,700 ft
1 wells filed one
Completion to plug
31.5 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 4,700 ft.

Completions filed
May 1979
1 of 1 wells
Plug dates filed
Nov 2010
1 of 1 wells

Last completion to plug: a median of 31.5 years across the 1 well that filed both dates, with the middle half between 31.5 years and 31.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-367315772T4,700 ftMay 1979Nov 2010Yes

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 (215)

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

215 months

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 201007973.585.44$430
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 20090432.814.63$19
Jan 200901535.865.37$81
Dec 200802337.105.98$137
Nov 200804655.496.86$316
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200802131.0811.39$23
Jun 2008025131.3313.03$326
May 2008042123.1711.57$486
Apr 20080159110.3110.45$1,662
Mar 20080427101.909.66$4,127
Feb 2008031292.538.77$2,736
Jan 2008041790.388.21$3,422
Dec 200708988.337.30$650
Nov 200709291.677.29$671
Oct 200708182.856.92$561
Sep 2007014475.846.24$899
Aug 200709069.066.39$575
Jul 2007014670.906.39$933
Jun 2007014762.007.55$1,110
May 2007014658.747.85$1,146
Apr 2007012859.617.81$999
Mar 2007011956.927.30$869
Feb 2007011155.108.22$912
Jan 2007011350.306.73$760
Dec 2006014556.656.92$1,003
Nov 2006010854.207.62$823
Oct 2006013754.906.01$824
Sep 200608260.085.04$413
Aug 2006014468.717.34$1,057
Jul 2006011369.376.34$717
Jun 200608566.286.38$543
May 2006018066.016.42$1,157
Apr 2006012964.397.36$950
Mar 2006014456.707.08$1,020
Feb 2006013757.597.75$1,062
Jan 2006015260.598.93$1,358
Dec 2005012554.9413.42$1,677
Nov 200502254.6910.59$233
Oct 2005010358.3413.80$1,421
Sep 200504261.4512.08$507
Aug 200507961.519.80$774
Jul 200507855.697.84$612
Jun 200509652.337.38$709
May 2005017445.226.65$1,157
Apr 2005018649.207.36$1,369
Mar 2005014750.377.15$1,052
Feb 2005011245.226.31$707
Jan 2005012643.166.32$797
Dec 20041012539.866.75$1,242
Nov 2004011745.286.33$741
Oct 2004814849.706.52$1,362
Sep 2004018243.245.28$962
Aug 20041219942.375.55$1,613
Jul 2004818538.286.08$1,432
Jun 2004018336.106.43$1,177
May 2004015437.486.49$1,000
Apr 2004012234.475.86$715
Mar 2004018334.365.53$1,012
Feb 2004023332.455.51$1,284
Jan 2004018032.036.30$1,134
Dec 2003020530.266.30$1,292
Nov 2003018828.804.60$864
Oct 2003023128.174.76$1,099
Sep 2003022726.314.75$1,078
Aug 2003021429.765.13$1,098
Jul 2003019329.415.17$998
Jun 2003021828.565.98$1,304
May 2003018926.595.97$1,129
Apr 2003020326.675.41$1,098
Mar 2003017631.146.10$1,073
Feb 2003015533.487.93$1,229
Jan 2003016830.315.58$938
Dec 2002016526.914.85$801
Nov 2002015224.664.14$629
Oct 2002016526.464.23$698
Sep 2002018027.443.64$654
Aug 2002017225.963.16$544
Jul 2002018224.583.06$557
Jun 2002018323.733.34$611
May 2002020924.663.58$749
Apr 2002018523.653.51$650
Mar 2002020122.003.10$624
Feb 2002021418.222.38$508
Jan 2002019617.172.38$466
Dec 2001016016.932.36$378
Nov 2001013818.072.41$332
Oct 2001017719.782.53$448
Sep 2001016824.262.25$378
Aug 2001018424.873.05$562
Jul 2001015523.933.20$496
Jun 2001023824.563.82$910
May 2001018925.524.31$814
Apr 2001015424.685.34$822
Mar 2001013924.545.38$747
Feb 200109127.755.77$525
Jan 2001017027.478.40$1,428
Dec 2000020126.889.12$1,834
Nov 2000018932.215.66$1,069
Oct 2000024831.235.15$1,276
Sep 2000022731.875.19$1,177
Aug 2000025829.644.54$1,172
Jul 2000023628.534.09$965
Jun 2000022729.304.40$998
May 2000026027.263.68$957
Apr 2000025924.513.12$807
Mar 2000026228.422.86$749
Feb 2000025227.622.73$687
Jan 2000016925.272.48$419
Dec 1999029924.282.42$725
Nov 1999021123.192.43$514
Oct 1999029620.982.80$830
Sep 1999024021.752.62$629
Aug 19999028719.262.88$2,559
Jul 1999026917.892.37$638
Jun 1999133415.942.36$805
May 1999045415.792.32$1,054
Apr 1999032115.102.21$709
Mar 1999020412.471.84$375
Feb 199902399.981.82$434
Jan 1999030410.381.90$578
Dec 199802489.201.77$440
Nov 1998027110.892.19$592
Oct 1998029412.421.97$579
Sep 1998026412.592.08$550
Aug 1998030111.301.91$574
Jul 1998024511.742.24$548
Jun 1998031711.242.24$709
May 1998031212.622.21$688
Apr 1998032113.042.51$804
Mar 1998027412.802.31$633
Feb 1998028413.952.30$653
Jan 1998028814.702.15$621
Dec 1997025216.322.41$608
Nov 1997028418.193.09$877
Oct 1997024319.253.15$765
Sep 1997030317.742.95$895
Aug 1997032017.862.55$818
Jul 1997028517.582.25$640
Jun 1997017217.242.26$388
May 1997027718.972.31$639
Apr 1997040717.882.08$848
Mar 1997160818.951.94$1,198
Feb 1997047220.492.21$1,041
Jan 1997073023.483.54$2,584
Dec 1996078423.32$0
Nov 1996078821.97$0
Oct 199601,04023.31$0
Sep 199601,20322.22$0
Aug 199601,31820.26$0
Jul 199601,46919.55$0
Jun 19961741,55918.73$3,259
May 199601,60919.43$0
Apr 199601,76521.51$0
Mar 199601,90819.38$0
Feb 199601,38116.98$0
Jan 199602,22917.07$0
Dec 199501,90717.19$0
Nov 1995053516.00$0
Oct 1995035815.43$0
Sep 1995062816.18$0
Aug 199501,07815.92$0
Jul 1995029115.24$0
Jun 199503916.41$0
May 199504117.56$0
Apr 199503017.73$0
Mar 199502616.44$0
Feb 199503816.58$0
Jan 199505315.92$0
Dec 199404415.03$0
Nov 199405015.90$0
Oct 199402915.58$0
Sep 199405015.29$0
Aug 199404716.13$0
Jul 199404917.56$0
Jun 199407517.09$0
May 199407115.88$0
Apr 19940414.14$0
Mar 199401212.46$0
Feb 19940412.50$0
Jan 19940712.66$0
Dec 199301312.33$0
Nov 199304214.49$0
Oct 199305915.85$0
Sep 199303715.03$0
Aug 199302915.66$0
Jul 199303515.46$0
Jun 199306316.79$0
May 199305917.68$0
Apr 199304218.05$0
Mar 199306418.14$0
Feb 199304517.90$0
Jan 199304616.93$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.

Feb 2010 — as filed, then multipliedworked
Condensate             0 bbl  × $ 73.58 =         $0
Gas                   79 Mcf  × $  5.44 =       $430

────────────────────────────────────────────────────
Month total                                     $430

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/83398 is the state's own key, not one this site invented.