PITZER 539

Name: PITZER 539 lease production and value, Jul 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MARJAC OIL COMPANY, INC. (P-5 526262) in the SHACKELFORD COUNTY REGULAR field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28503District 7BField 82522001OilCasinghead gasSave Export

Value, all time

$81 k

Jul 1998 – Jun 2008

Value, last 12 filed months

$13 k

at the published price for each month

Months reported

120

no gaps in the span

Streams

oil, casinghead gas

The SHACKELFORD COUNTY REGULAR 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 1,335 leases and 6,064 wells, and the rule below applies to all of them.

Discovered

1913-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “CLASS 4 W/DAILY 82 = 6000 TO 8000'”

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	1,240 bbl	$49,850
Casinghead gas	Production	5,767 Mcf	$31,055
Total			$80,905

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 32.8058, -99.1924. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.80585, -99.19244 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

4,647 ft

1 wells filed one

Completion to plug

9.5 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 4,647 ft.

Completions filed

Jul 1998

1 of 1 wells

Plug dates filed

Jan 2008

1 of 1 wells

Last completion to plug: a median of 9.5 years across the 1 well that filed both dates, with the middle half between 9.5 years and 9.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-41738193	1	4,647 ft	Jul 1998	Jan 2008	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 (120)

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

120 months


Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	45	0	101.90	9.66	$4,586
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	44	90.38	8.21	$361
Dec 2007	0	37	88.33	7.30	$270
Nov 2007	0	50	91.67	7.29	$365
Oct 2007	42	55	82.85	6.92	$3,860
Sep 2007	37	75	75.84	6.24	$3,274
Aug 2007	0	15	69.06	6.39	$96
Jul 2007	0	18	70.90	6.39	$115
Jun 2007	0	22	62.00	7.55	$166
May 2007	0	24	58.74	7.85	$188
Apr 2007	0	41	59.61	7.81	$320
Mar 2007	0	49	56.92	7.30	$358
Feb 2007	0	25	55.10	8.22	$205
Jan 2007	40	44	50.30	6.73	$2,308
Dec 2006	0	54	56.65	6.92	$374
Nov 2006	0	34	54.20	7.62	$259
Oct 2006	0	49	54.90	6.01	$295
Sep 2006	44	55	60.08	5.04	$2,921
Aug 2006	0	64	68.71	7.34	$470
Jul 2006	0	25	69.37	6.34	$159
Jun 2006	0	29	66.28	6.38	$185
May 2006	0	46	66.01	6.42	$296
Apr 2006	43	42	64.39	7.36	$3,078
Mar 2006	0	45	56.70	7.08	$319
Feb 2006	0	45	57.59	7.75	$349
Jan 2006	40	42	60.59	8.93	$2,799
Dec 2005	0	47	54.94	13.42	$631
Nov 2005	0	46	54.69	10.59	$487
Oct 2005	0	55	58.34	13.80	$759
Sep 2005	42	50	61.45	12.08	$3,185
Aug 2005	0	107	61.51	9.80	$1,048
Jul 2005	0	5	55.69	7.84	$39
Jun 2005	43	56	52.33	7.38	$2,664
May 2005	0	55	45.22	6.65	$366
Apr 2005	0	56	49.20	7.36	$412
Mar 2005	0	43	50.37	7.15	$308
Feb 2005	44	47	45.22	6.31	$2,286
Jan 2005	0	57	43.16	6.32	$360
Dec 2004	0	47	39.86	6.75	$317
Nov 2004	0	52	45.28	6.33	$329
Oct 2004	42	56	49.70	6.52	$2,452
Sep 2004	0	55	43.24	5.28	$291
Aug 2004	0	56	42.37	5.55	$311
Jul 2004	44	58	38.28	6.08	$2,037
Jun 2004	0	54	36.10	6.43	$347
May 2004	0	55	37.48	6.49	$357
Apr 2004	0	55	34.47	5.86	$322
Mar 2004	41	58	34.36	5.53	$1,730
Feb 2004	0	59	32.45	5.51	$325
Jan 2004	0	47	32.03	6.30	$296
Dec 2003	43	58	30.26	6.30	$1,667
Nov 2003	0	52	28.80	4.60	$239
Oct 2003	0	61	28.17	4.76	$290
Sep 2003	0	56	26.31	4.75	$266
Aug 2003	43	51	29.76	5.13	$1,541
Jul 2003	0	60	29.41	5.17	$310
Jun 2003	0	56	28.56	5.98	$335
May 2003	44	60	26.59	5.97	$1,528
Apr 2003	0	49	26.67	5.41	$265
Mar 2003	0	52	31.14	6.10	$317
Feb 2003	0	48	33.48	7.93	$380
Jan 2003	44	46	30.31	5.58	$1,590
Dec 2002	0	53	26.91	4.85	$257
Nov 2002	0	47	24.66	4.14	$194
Oct 2002	43	53	26.46	4.23	$1,362
Sep 2002	0	54	27.44	3.64	$196
Aug 2002	0	46	25.96	3.16	$146
Jul 2002	0	44	24.58	3.06	$135
Jun 2002	45	52	23.73	3.34	$1,241
May 2002	0	58	24.66	3.58	$208
Apr 2002	0	46	23.65	3.51	$162
Mar 2002	0	43	22.00	3.10	$133
Feb 2002	43	49	18.22	2.38	$900
Jan 2002	0	52	17.17	2.38	$124
Dec 2001	0	42	16.93	2.36	$99
Nov 2001	46	47	18.07	2.41	$944
Oct 2001	0	49	19.78	2.53	$124
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	41	56	24.87	3.05	$1,191
Jul 2001	0	56	23.93	3.20	$179
Jun 2001	0	38	24.56	3.82	$145
May 2001	0	36	25.52	4.31	$155
Apr 2001	0	57	24.68	5.34	$304
Mar 2001	0	180	24.54	5.38	$968
Feb 2001	43	54	27.75	5.77	$1,505
Jan 2001	0	65	27.47	8.40	$546
Dec 2000	44	68	26.88	9.12	$1,803
Nov 2000	0	64	32.21	5.66	$362
Oct 2000	0	58	31.23	5.15	$298
Sep 2000	0	72	31.87	5.19	$373
Aug 2000	0	74	29.64	4.54	$336
Jul 2000	42	80	28.53	4.09	$1,525
Jun 2000	0	66	29.30	4.40	$290
May 2000	0	84	27.26	3.68	$309
Apr 2000	43	48	24.51	3.12	$1,204
Mar 2000	0	60	28.42	2.86	$172
Feb 2000	0	62	27.62	2.73	$169
Jan 2000	0	65	25.27	2.48	$161
Dec 1999	46	58	24.28	2.42	$1,257
Nov 1999	0	58	23.19	2.43	$141
Oct 1999	0	73	20.98	2.80	$205
Sep 1999	0	73	21.75	2.62	$191
Aug 1999	43	62	19.26	2.88	$1,006
Jul 1999	0	65	17.89	2.37	$154
Jun 1999	0	64	15.94	2.36	$151
May 1999	40	74	15.79	2.32	$803
Apr 1999	0	74	15.10	2.21	$163
Mar 1999	0	66	12.47	1.84	$121
Feb 1999	0	57	9.98	1.82	$104
Jan 1999	0	1	10.38	1.90	$2
Dec 1998	0	1	9.20	1.77	$2
Nov 1998	0	1	10.89	2.19	$2
Oct 1998	0	1	12.42	1.97	$2
Sep 1998	0	1	12.59	2.08	$2
Aug 1998	0	1	11.30	1.91	$2
Jul 1998	0	5	11.74	2.24	$11

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.

Mar 2008 — as filed, then multipliedworked

Oil                   45 bbl  × $101.90 =     $4,586
Casinghead gas         0 Mcf  × $  9.66 =         $0

────────────────────────────────────────────────────
Month total                                   $4,586

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/28503 is the state's own key, not one this site invented.