PIERCE, V.I. 103 A

Name: PIERCE, V.I. 103 A lease production and value, Jan 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by ANADARKO E&P COMPANY LP (P-5 20542) in the OZONA (CANYON SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 148201District 7CField 679952002 tax incentive programmesGasSave Export

Value, all time

$21 k

Jan 1994 – Feb 2003

Value, last 12 filed months

$3 k

at the published price for each month

Months reported

110

no gaps in the span

Streams

gas

The OZONA (CANYON SAND) 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 2,312 leases and 2,323 wells, and the rule below applies to all of them.

Discovered

1962-02-23

as the register files it

Field class

Oil and gas

the register's own label

Between wells

600 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2006-09-12.

The Commission's schedule remark for this field reads: “ZONE TO BE SET UP IN OZONA (CANYON SAND, OIL).”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1995-09-20	132964
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Gas	Production	15,263 Mcf	$21,216
Total			$21,216

8,325 Mcf of this lease's gas, across 31 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 30.4386, -101.3640. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.43860, -101.36395 · 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

0.0%

0 of 1 wells

Median depth

6,500 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

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 6,500 ft.

Completions filed

Jan 2003

1 of 1 wells

1 well


42-10536422	7	6,500 ft	Jan 2003	—	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 (110)

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

110 months


Feb 2003	0	33.48	7.93	$0
Jan 2003	0	30.31	5.58	$0
Dec 2002	5	26.91	4.85	$24
Nov 2002	77	24.66	4.14	$319
Oct 2002	132	26.46	4.23	$558
Sep 2002	94	27.44	3.64	$342
Aug 2002	55	25.96	3.16	$174
Jul 2002	48	24.58	3.06	$147
Jun 2002	51	23.73	3.34	$170
May 2002	51	24.66	3.58	$183
Apr 2002	78	23.65	3.51	$274
Mar 2002	135	22.00	3.10	$419
Feb 2002	74	18.22	2.38	$176
Jan 2002	93	17.17	2.38	$221
Dec 2001	64	16.93	2.36	$151
Nov 2001	117	18.07	2.41	$281
Oct 2001	136	19.78	2.53	$344
Sep 2001	93	24.26	2.25	$209
Aug 2001	91	24.87	3.05	$278
Jul 2001	110	23.93	3.20	$352
Jun 2001	87	24.56	3.82	$333
May 2001	118	25.52	4.31	$508
Apr 2001	79	24.68	5.34	$421
Mar 2001	116	24.54	5.38	$624
Feb 2001	82	27.75	5.77	$473
Jan 2001	72	27.47	8.40	$605
Dec 2000	88	26.88	9.12	$803
Nov 2000	89	32.21	5.66	$504
Oct 2000	77	31.23	5.15	$396
Sep 2000	42	31.87	5.19	$218
Aug 2000	83	29.64	4.54	$377
Jul 2000	102	28.53	4.09	$417
Jun 2000	98	29.30	4.40	$431
May 2000	110	27.26	3.68	$405
Apr 2000	103	24.51	3.12	$321
Mar 2000	107	28.42	2.86	$306
Feb 2000	99	27.62	2.73	$270
Jan 2000	88	25.27	2.48	$218
Dec 1999	122	24.28	2.42	$296
Nov 1999	47	23.19	2.43	$114
Oct 1999	26	20.98	2.80	$73
Sep 1999	8	21.75	2.62	$21
Aug 1999	90	19.26	2.88	$259
Jul 1999	41	17.89	2.37	$97
Jun 1999	128	15.94	2.36	$302
May 1999	62	15.79	2.32	$144
Apr 1999	42	15.10	2.21	$93
Mar 1999	168	12.47	1.84	$309
Feb 1999	39	9.98	1.82	$71
Jan 1999	104	10.38	1.90	$198
Dec 1998	37	9.20	1.77	$66
Nov 1998	143	10.89	2.19	$313
Oct 1998	80	12.42	1.97	$158
Sep 1998	63	12.59	2.08	$131
Aug 1998	55	11.30	1.91	$105
Jul 1998	130	11.74	2.24	$291
Jun 1998	19	11.24	2.24	$43
May 1998	112	12.62	2.21	$247
Apr 1998	53	13.04	2.51	$133
Mar 1998	64	12.80	2.31	$148
Feb 1998	64	13.95	2.30	$147
Jan 1998	92	14.70	2.15	$198
Dec 1997	97	16.32	2.41	$234
Nov 1997	102	18.19	3.09	$315
Oct 1997	128	19.25	3.15	$403
Sep 1997	143	17.74	2.95	$423
Aug 1997	205	17.86	2.55	$524
Jul 1997	167	17.58	2.25	$375
Jun 1997	215	17.24	2.26	$485
May 1997	194	18.97	2.31	$448
Apr 1997	208	17.88	2.08	$433
Mar 1997	202	18.95	1.94	$392
Feb 1997	179	20.49	2.21	$395
Jan 1997	165	23.48	3.54	$584
Dec 1996	231	23.32	—	$0
Nov 1996	251	21.97	—	$0
Oct 1996	351	23.31	—	$0
Sep 1996	260	22.22	—	$0
Aug 1996	127	20.26	—	$0
Jul 1996	177	19.55	—	$0
Jun 1996	142	18.73	—	$0
May 1996	0	19.43	—	$0
Apr 1996	0	21.51	—	$0
Mar 1996	0	19.38	—	$0
Feb 1996	0	16.98	—	$0
Jan 1996	0	17.07	—	$0
Dec 1995	60	17.19	—	$0
Nov 1995	126	16.00	—	$0
Oct 1995	169	15.43	—	$0
Sep 1995	99	16.18	—	$0
Aug 1995	211	15.92	—	$0
Jul 1995	174	15.24	—	$0
Jun 1995	233	16.41	—	$0
May 1995	210	17.56	—	$0
Apr 1995	245	17.73	—	$0
Mar 1995	211	16.44	—	$0
Feb 1995	266	16.58	—	$0
Jan 1995	329	15.92	—	$0
Dec 1994	368	15.03	—	$0
Nov 1994	333	15.90	—	$0
Oct 1994	270	15.58	—	$0
Sep 1994	392	15.29	—	$0
Aug 1994	369	16.13	—	$0
Jul 1994	269	17.56	—	$0
Jun 1994	317	17.09	—	$0
May 1994	341	15.88	—	$0
Apr 1994	428	14.14	—	$0
Mar 1994	409	12.46	—	$0
Feb 1994	428	12.50	—	$0
Jan 1994	529	12.66	—	$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.

Dec 2002 — as filed, then multipliedworked

Gas                    5 Mcf  × $  4.85 =        $24

────────────────────────────────────────────────────
Month total                                      $24

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. 7C/G/148201 is the state's own key, not one this site invented.