PEGASUS "3"

Operated by LEGACY RESERVES OPERATING LP (P-5 495445) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 13340District 7CField 85279200OilCasinghead gasSaveExport
Value, all time
$1.8 M
Jan 1993 – Mar 2018
Value, last 12 filed months
$0
at the published price for each month
Months reported
303
no gaps in the span
Streams
2
oil, casinghead 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 7,461 leases and 22,481 wells, and the rule below applies to all of them.

Discovered
1904-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-03-08.

The Commission's schedule remark for this field reads: AREA) 85279200.

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
OilDisposition57,431 bbl$1,480,009
Casinghead gasProduction110,102 Mcf$274,152
Total$1,754,161

43,283 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 (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 31.6158, -102.0823. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.61581, -102.08228 · 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%
2 of 2 wells
With a plug date
100.0%
2 of 2 wells
Median depth
8,740 ft
2 wells filed one
Completion to plug
13.6 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 8,730 and 8,750 ft, median 8,740 ft, over the 2 wells that filed a depth.

Completions filed
Oct 1992
2 of 2 wells
Plug dates filed
Nov 2001 – Nov 2010
2 of 2 wells

Last completion to plug: a median of 13.6 years across the 2 wells that filed both dates, with the middle half between 11.3 years and 15.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-4613330328,730 ftOct 1992Nov 2001Yes
42-4613330218,750 ftOct 1992Nov 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 (303)

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

303 months

Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 201017313072.554.74$13,167
Jun 2010033670.364.91$1,650
May 201016720771.124.24$12,754
Apr 201018134281.694.12$16,196
Mar 2010030078.394.39$1,317
Feb 201018229273.585.44$14,981
Jan 201017534574.365.96$15,071
Dec 200918832771.445.48$15,224
Nov 200918138574.593.75$14,945
Oct 200917335172.544.11$13,992
Sep 20090265.543.06$6
Aug 2009014167.423.22$454
Jul 200916423561.133.46$10,839
Jun 200933522066.163.90$23,021
May 2009023954.743.93$938
Apr 20093829846.773.59$18,218
Mar 2009622742.144.06$1,174
Feb 2009023732.814.63$1,098
Jan 2009013035.865.37$698
Dec 200836620637.105.98$14,810
Nov 2008021855.496.86$1,496
Oct 2008021875.246.92$1,509
Sep 20080211101.767.88$1,662
Aug 2008357229114.228.48$42,719
Jul 20080241131.0811.39$2,745
Jun 20080223131.3313.03$2,906
May 20080238123.1711.57$2,755
Apr 2008175247110.3110.45$21,887
Mar 2008171230101.909.66$19,648
Feb 200809592.538.77$833
Jan 200816317790.388.21$16,184
Dec 200717523788.337.30$17,188
Nov 2007018091.677.29$1,313
Oct 200717418282.856.92$15,676
Sep 200717521175.846.24$14,590
Aug 200717618269.066.39$13,317
Jul 2007022070.906.39$1,405
Jun 200717416662.007.55$12,041
May 200718018058.747.85$11,986
Apr 200717916659.617.81$11,966
Mar 2007018156.927.30$1,322
Feb 200717818255.108.22$11,303
Jan 2007015650.306.73$1,049
Dec 200617418856.656.92$11,158
Nov 200617519254.207.62$10,948
Oct 2006014854.906.01$890
Sep 200634120660.085.04$21,525
Aug 200617323468.717.34$13,604
Jul 2006026669.376.34$1,687
Jun 2006028866.286.38$1,839
May 200617626666.016.42$13,327
Apr 200617724964.397.36$13,230
Mar 200617924156.707.08$11,856
Feb 2006021157.597.75$1,635
Jan 200617922860.598.93$12,882
Dec 200517922754.9413.42$12,880
Nov 200517728054.6910.59$12,645
Oct 200517836458.3413.80$15,406
Sep 200517728961.4512.08$14,367
Aug 200506861.519.80$666
Jul 2005014155.697.84$1,106
Jun 200517228252.337.38$11,082
May 200517932345.226.65$10,243
Apr 2005014349.207.36$1,053
Mar 200518025650.377.15$10,898
Feb 200518225745.226.31$9,852
Jan 200535628143.166.32$17,142
Dec 2004031239.866.75$2,106
Nov 200418028645.286.33$9,961
Oct 2004028849.706.52$1,876
Sep 200418125443.245.28$9,169
Aug 2004026742.375.55$1,482
Jul 200435435338.286.08$15,699
Jun 2004032836.106.43$2,110
May 200418136337.486.49$9,141
Apr 200418225634.475.86$7,773
Mar 200435323534.365.53$13,429
Feb 2004025732.455.51$1,416
Jan 200418034732.036.30$7,951
Dec 2003023930.266.30$1,506
Nov 200317931628.804.60$6,607
Oct 200318426128.174.76$6,426
Sep 2003019826.314.75$940
Aug 200318131229.765.13$6,987
Jul 200336330329.415.17$12,243
Jun 2003126828.565.98$1,632
May 2003012126.595.97$723
Apr 200336725626.675.41$11,172
Mar 2003041031.146.10$2,499
Feb 2003018333.487.93$1,450
Jan 200316824030.315.58$6,432
Dec 200236031826.914.85$11,231
Nov 2002029024.664.14$1,200
Oct 200218232226.464.23$6,178
Sep 200218248227.443.64$6,746
Aug 2002012725.963.16$402
Jul 200217322924.583.06$4,953
Jun 200218432023.733.34$5,435
May 200216936924.663.58$5,490
Apr 200217133223.653.51$5,210
Mar 200216737222.003.10$4,828
Feb 200218240918.222.38$4,288
Jan 2002028817.172.38$684
Dec 200136639416.932.36$7,128
Nov 200118134418.072.41$4,098
Oct 2001038519.782.53$974
Sep 200118137824.262.25$5,242
Aug 200118137024.873.05$5,631
Jul 200118426823.933.20$5,260
Jun 200118527324.563.82$5,588
May 200118036725.524.31$6,174
Apr 200135844724.685.34$11,220
Mar 200134551624.545.38$11,241
Feb 200133844927.755.77$11,969
Jan 200116245527.478.40$8,272
Dec 200033746926.889.12$13,337
Nov 200017651632.215.66$8,588
Oct 200034452631.235.15$13,450
Sep 200033245831.875.19$12,956
Aug 200033649629.644.54$12,211
Jul 200034251828.534.09$11,876
Jun 200017153529.304.40$7,363
May 200016842727.263.68$6,151
Apr 200033745824.513.12$9,687
Mar 200033851928.422.86$11,090
Feb 200034451727.622.73$10,911
Jan 200034755325.272.48$10,140
Dec 199918260224.282.42$5,878
Nov 199936363023.192.43$9,951
Oct 199933858220.982.80$8,723
Sep 199935141321.752.62$8,716
Aug 199917860419.262.88$5,165
Jul 199934863617.892.37$7,735
Jun 19993431,12015.942.36$8,113
May 19991751,27815.792.32$5,730
Apr 19993531,04915.102.21$7,647
Mar 199916998512.471.84$3,918
Feb 19993549189.981.82$5,202
Jan 199935697110.381.90$5,540
Dec 19983679099.201.77$4,988
Nov 19983581,03910.892.19$6,170
Oct 199835994212.421.97$6,314
Sep 19983551,17412.592.08$6,914
Aug 19983531,28511.301.91$6,440
Jul 19983431,39911.742.24$7,157
Jun 19983501,28211.242.24$6,802
May 199835587512.622.21$6,411
Apr 199835264013.042.51$6,193
Mar 199835566912.802.31$6,089
Feb 19983601,22813.952.30$7,845
Jan 19981811,31814.702.15$5,501
Dec 199735475116.322.41$7,588
Nov 199736072118.193.09$8,775
Oct 199736877019.253.15$9,509
Sep 199735477617.742.95$8,573
Aug 199770179517.862.55$14,551
Jul 199736076917.582.25$8,057
Jun 199735240517.242.26$6,983
May 199735645618.972.31$7,806
Apr 199734958717.882.08$7,463
Mar 199735481118.951.94$8,281
Feb 199772280420.492.21$16,567
Jan 1997052923.483.54$1,873
Dec 199636048023.32$8,395
Nov 199636062321.97$7,909
Oct 199637158223.31$8,648
Sep 199617057222.22$3,777
Aug 199652749620.26$10,677
Jul 199617366219.55$3,382
Jun 199635259918.73$6,593
May 199635485519.43$6,878
Apr 199634369321.51$7,378
Mar 199635672819.38$6,899
Feb 199653164916.98$9,016
Jan 199653668417.07$9,150
Dec 199536468917.19$6,257
Nov 199535771716.00$5,712
Oct 199552256515.43$8,054
Sep 199536261616.18$5,857
Aug 199553547515.92$8,517
Jul 199535075615.24$5,334
Jun 199535277816.41$5,776
May 199552484417.56$9,201
Apr 199569683317.73$12,340
Mar 199534982616.44$5,738
Feb 199533676216.58$5,571
Jan 199534780715.92$5,524
Dec 199466786115.03$10,025
Nov 199434582215.90$5,486
Oct 199469989915.58$10,890
Sep 199434483515.29$5,260
Aug 199467090616.13$10,807
Jul 19943421,01817.56$6,006
Jun 199466999617.09$11,433
May 19945211,00715.88$8,273
Apr 19943501,01114.14$4,949
Mar 19947111,06112.46$8,859
Feb 199451886812.50$6,475
Jan 199470967612.66$8,976
Dec 19935241,01012.33$6,461
Nov 19937121,01814.49$10,317
Oct 19937111,14615.85$11,269
Sep 19936931,17915.03$10,416
Aug 19931,0571,10915.66$16,553
Jul 19933441,02815.46$5,318
Jun 19938761,23416.79$14,708
May 19936901,33917.68$12,199
Apr 19938921,56318.05$16,101
Mar 19931,0681,56418.14$19,374
Feb 19931,0871,41417.90$19,457
Jan 19931,1162,42816.93$18,894

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.

Jul 2010 — as filed, then multipliedworked
Oil                  173 bbl  × $ 72.55 =    $12,551
Casinghead gas       130 Mcf  × $  4.74 =       $616

────────────────────────────────────────────────────
Month total                                  $13,167

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/O/13340 is the state's own key, not one this site invented.