PACE, ELGIE

Name: PACE, ELGIE lease production and value, Sep 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WALTER EXPLORATION COMPANY (P-5 895231) in the SPRAGUE (FLIPPEN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28281District 7BField 85295525Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$2.0 M

Sep 1997 – Jun 2010

Value, last 12 filed months

$9 k

at the published price for each month

Months reported

154

no gaps in the span

Streams

oil, casinghead gas

The SPRAGUE (FLIPPEN) 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 5 leases and 6 wells, and the rule below applies to all of them.

Discovered

1997-07-12

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

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
Oil	Disposition	62,878 bbl	$1,966,527
Casinghead gas	Production	3,753 Mcf	$13,459
Total			$1,979,986

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 32.3638, -100.2500. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.36377, -100.24997 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

4,290 ft

2 wells filed one

Completion to plug

12.3 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 4,250 and 4,330 ft, median 4,290 ft, over the 2 wells that filed a depth.

Completions filed

Sep 1997 – Feb 1998

2 of 2 wells

Plug dates filed

Mar 2010

2 of 2 wells

Last completion to plug: a median of 12.3 years across the 2 wells that filed both dates, with the middle half between 12.2 years and 12.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-35332182	3	4,250 ft	Feb 1998	Mar 2010	Yes
42-35332176	2	4,330 ft	Sep 1997	Mar 2010	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 (154)

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

154 months


Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	142	0	65.54	3.06	$9,307
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	10	61.13	3.46	$35
Jun 2009	0	10	66.16	3.90	$39
May 2009	153	10	54.74	3.93	$8,414
Apr 2009	0	10	46.77	3.59	$36
Mar 2009	165	10	42.14	4.06	$6,994
Feb 2009	0	10	32.81	4.63	$46
Jan 2009	160	10	35.86	5.37	$5,791
Dec 2008	0	10	37.10	5.98	$60
Nov 2008	0	10	55.49	6.86	$69
Oct 2008	0	10	75.24	6.92	$69
Sep 2008	0	10	101.76	7.88	$79
Aug 2008	154	10	114.22	8.48	$17,675
Jul 2008	0	10	131.08	11.39	$114
Jun 2008	171	10	131.33	13.03	$22,588
May 2008	158	10	123.17	11.57	$19,577
Apr 2008	0	10	110.31	10.45	$105
Mar 2008	163	10	101.90	9.66	$16,706
Feb 2008	173	10	92.53	8.77	$16,095
Jan 2008	347	10	90.38	8.21	$31,444
Dec 2007	175	10	88.33	7.30	$15,531
Nov 2007	0	10	91.67	7.29	$73
Oct 2007	168	10	82.85	6.92	$13,988
Sep 2007	328	10	75.84	6.24	$24,938
Aug 2007	164	10	69.06	6.39	$11,390
Jul 2007	178	10	70.90	6.39	$12,684
Jun 2007	317	10	62.00	7.55	$19,729
May 2007	172	10	58.74	7.85	$10,182
Apr 2007	175	10	59.61	7.81	$10,510
Mar 2007	352	10	56.92	7.30	$20,109
Feb 2007	174	10	55.10	8.22	$9,670
Jan 2007	184	10	50.30	6.73	$9,322
Dec 2006	348	10	56.65	6.92	$19,783
Nov 2006	180	10	54.20	7.62	$9,832
Oct 2006	362	10	54.90	6.01	$19,934
Sep 2006	183	10	60.08	5.04	$11,045
Aug 2006	337	10	68.71	7.34	$23,229
Jul 2006	164	10	69.37	6.34	$11,440
Jun 2006	494	10	66.28	6.38	$32,806
May 2006	531	10	66.01	6.42	$35,116
Apr 2006	156	10	64.39	7.36	$10,118
Mar 2006	181	10	56.70	7.08	$10,334
Feb 2006	454	10	57.59	7.75	$26,223
Jan 2006	501	10	60.59	8.93	$30,445
Dec 2005	340	10	54.94	13.42	$18,814
Nov 2005	348	10	54.69	10.59	$19,138
Oct 2005	324	10	58.34	13.80	$19,040
Sep 2005	349	10	61.45	12.08	$21,567
Aug 2005	487	10	61.51	9.80	$30,053
Jul 2005	347	10	55.69	7.84	$19,403
Jun 2005	331	10	52.33	7.38	$17,395
May 2005	487	10	45.22	6.65	$22,089
Apr 2005	519	10	49.20	7.36	$25,608
Mar 2005	534	20	50.37	7.15	$27,041
Feb 2005	519	10	45.22	6.31	$23,532
Jan 2005	502	10	43.16	6.32	$21,730
Dec 2004	528	10	39.86	6.75	$21,114
Nov 2004	505	10	45.28	6.33	$22,930
Oct 2004	502	10	49.70	6.52	$25,015
Sep 2004	679	10	43.24	5.28	$29,413
Aug 2004	333	10	42.37	5.55	$14,165
Jul 2004	510	10	38.28	6.08	$19,584
Jun 2004	509	10	36.10	6.43	$18,439
May 2004	670	10	37.48	6.49	$25,177
Apr 2004	671	10	34.47	5.86	$23,188
Mar 2004	861	10	34.36	5.53	$29,639
Feb 2004	694	10	32.45	5.51	$22,575
Jan 2004	836	29	32.03	6.30	$26,960
Dec 2003	836	10	30.26	6.30	$25,360
Nov 2003	866	10	28.80	4.60	$24,987
Oct 2003	1,016	10	28.17	4.76	$28,668
Sep 2003	1,008	23	26.31	4.75	$26,630
Aug 2003	993	99	29.76	5.13	$30,060
Jul 2003	1,345	10	29.41	5.17	$39,608
Jun 2003	1,362	10	28.56	5.98	$38,959
May 2003	124	10	26.59	5.97	$3,357
Apr 2003	132	10	26.67	5.41	$3,575
Mar 2003	266	10	31.14	6.10	$8,344
Feb 2003	135	10	33.48	7.93	$4,599
Jan 2003	141	10	30.31	5.58	$4,330
Dec 2002	143	10	26.91	4.85	$3,897
Nov 2002	141	10	24.66	4.14	$3,518
Oct 2002	266	10	26.46	4.23	$7,081
Sep 2002	140	10	27.44	3.64	$3,878
Aug 2002	146	10	25.96	3.16	$3,822
Jul 2002	209	10	24.58	3.06	$5,168
Jun 2002	150	10	23.73	3.34	$3,593
May 2002	119	10	24.66	3.58	$2,970
Apr 2002	257	10	23.65	3.51	$6,113
Mar 2002	241	10	22.00	3.10	$5,333
Feb 2002	125	10	18.22	2.38	$2,301
Jan 2002	358	10	17.17	2.38	$6,171
Dec 2001	234	10	16.93	2.36	$3,985
Nov 2001	131	10	18.07	2.41	$2,391
Oct 2001	225	10	19.78	2.53	$4,476
Sep 2001	255	10	24.26	2.25	$6,209
Aug 2001	256	10	24.87	3.05	$6,397
Jul 2001	265	10	23.93	3.20	$6,373
Jun 2001	258	10	24.56	3.82	$6,375
May 2001	256	10	25.52	4.31	$6,576
Apr 2001	131	10	24.68	5.34	$3,286
Mar 2001	404	10	24.54	5.38	$9,968
Feb 2001	145	10	27.75	5.77	$4,081
Jan 2001	396	10	27.47	8.40	$10,962
Dec 2000	265	10	26.88	9.12	$7,214
Nov 2000	267	10	32.21	5.66	$8,657
Oct 2000	350	10	31.23	5.15	$10,982
Sep 2000	207	10	31.87	5.19	$6,649
Aug 2000	280	10	29.64	4.54	$8,345
Jul 2000	407	10	28.53	4.09	$11,653
Jun 2000	454	10	29.30	4.40	$13,346
May 2000	438	10	27.26	3.68	$11,977
Apr 2000	428	10	24.51	3.12	$10,521
Mar 2000	585	10	28.42	2.86	$16,654
Feb 2000	443	10	27.62	2.73	$12,263
Jan 2000	740	10	25.27	2.48	$18,725
Dec 1999	901	10	24.28	2.42	$21,901
Nov 1999	941	12	23.19	2.43	$21,851
Oct 1999	906	49	20.98	2.80	$19,145
Sep 1999	985	96	21.75	2.62	$21,675
Aug 1999	1,297	77	19.26	2.88	$25,202
Jul 1999	1,284	180	17.89	2.37	$23,398
Jun 1999	1,181	117	15.94	2.36	$19,102
May 1999	1,552	113	15.79	2.32	$24,768
Apr 1999	1,495	139	15.10	2.21	$22,881
Mar 1999	1,968	139	12.47	1.84	$24,796
Feb 1999	517	57	9.98	1.82	$5,263
Jan 1999	644	57	10.38	1.90	$6,793
Dec 1998	547	57	9.20	1.77	$5,133
Nov 1998	537	66	10.89	2.19	$5,992
Oct 1998	648	81	12.42	1.97	$8,208
Sep 1998	533	96	12.59	2.08	$6,910
Aug 1998	638	93	11.30	1.91	$7,387
Jul 1998	619	128	11.74	2.24	$7,553
Jun 1998	781	116	11.24	2.24	$9,038
May 1998	644	114	12.62	2.21	$8,379
Apr 1998	710	102	13.04	2.51	$9,514
Mar 1998	944	109	12.80	2.31	$12,335
Feb 1998	730	57	13.95	2.30	$10,315
Jan 1998	534	76	14.70	2.15	$8,014
Dec 1997	654	73	16.32	2.41	$10,849
Nov 1997	655	82	18.19	3.09	$12,168
Oct 1997	745	98	19.25	3.15	$14,650
Sep 1997	500	78	17.74	2.95	$9,100

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 2009 — as filed, then multipliedworked

Oil                  142 bbl  × $ 65.54 =     $9,307
Casinghead gas         0 Mcf  × $  3.06 =         $0

────────────────────────────────────────────────────
Month total                                   $9,307

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/O/28281 is the state's own key, not one this site invented.