PEGASUS FIELD UNIT #3

Name: PEGASUS FIELD UNIT #3 lease production and value, Oct 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by HENRY PETROLEUM LP (P-5 378642) in the PEGASUS (CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 14722District 7CField 70279075OilCasinghead gasSave Export

Value, all time

$3.2 M

Oct 1997 – Oct 2005

Value, last 12 filed months

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The PEGASUS (CANYON) 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 3 leases and 9 wells, and the rule below applies to all of them.

Discovered

1998-02-17

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: “PEGASUS (CONSOLIDATED).”

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	16,456 bbl	$306,444
Casinghead gas	Production	836,114 Mcf	$2,879,000
Total			$3,185,445

Wells on this lease (3)

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 31.6431, -102.1520. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.64325, -102.15051 · 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%

3 of 3 wells

With a plug date

0.0%

0 of 3 wells

Median depth

13,126 ft

3 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

3100.0%

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

Between 10,293 and 13,172 ft, median 13,126 ft, over the 3 wells that filed a depth.

Completions filed

Jul 1998 – Feb 2007

3 of 3 wells

3 wells


42-46103863	1706	13,172 ft	Feb 2007	—	Yes
42-46103312	1606	10,293 ft	Sep 1999	—	Yes
42-46103862	1705	13,126 ft	Jul 1998	—	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 (97)

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

97 months


Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	155	0	34.36	5.53	$5,326
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	8,159	28.80	4.60	$37,492
Oct 2003	350	8,787	28.17	4.76	$51,682
Sep 2003	0	8,394	26.31	4.75	$39,866
Aug 2003	0	8,863	29.76	5.13	$45,465
Jul 2003	0	9,018	29.41	5.17	$46,631
Jun 2003	0	9,059	28.56	5.98	$54,200
May 2003	0	9,228	26.59	5.97	$55,116
Apr 2003	355	9,067	26.67	5.41	$58,496
Mar 2003	0	9,261	31.14	6.10	$56,455
Feb 2003	0	8,529	33.48	7.93	$67,600
Jan 2003	359	9,571	30.31	5.58	$64,307
Dec 2002	0	9,626	26.91	4.85	$46,722
Nov 2002	0	9,487	24.66	4.14	$39,247
Oct 2002	0	9,708	26.46	4.23	$41,056
Sep 2002	356	9,661	27.44	3.64	$44,888
Aug 2002	0	9,948	25.96	3.16	$31,477
Jul 2002	0	9,456	24.58	3.06	$28,952
Jun 2002	0	7,031	23.73	3.34	$23,471
May 2002	359	9,622	24.66	3.58	$43,338
Apr 2002	0	7,222	23.65	3.51	$25,366
Mar 2002	0	5,263	22.00	3.10	$16,330
Feb 2002	0	6,833	18.22	2.38	$16,233
Jan 2002	362	7,659	17.17	2.38	$24,411
Dec 2001	0	7,948	16.93	2.36	$18,792
Nov 2001	0	7,650	18.07	2.41	$18,402
Oct 2001	358	8,255	19.78	2.53	$27,957
Sep 2001	0	8,103	24.26	2.25	$18,242
Aug 2001	0	8,474	24.87	3.05	$25,872
Jul 2001	354	9,186	23.93	3.20	$37,840
Jun 2001	0	9,031	24.56	3.82	$34,536
May 2001	0	8,554	25.52	4.31	$36,845
Apr 2001	361	9,719	24.68	5.34	$60,763
Mar 2001	0	10,416	24.54	5.38	$56,001
Feb 2001	364	9,434	27.75	5.77	$64,508
Jan 2001	0	10,847	27.47	8.40	$91,101
Dec 2000	366	10,844	26.88	9.12	$108,762
Nov 2000	0	11,928	32.21	5.66	$67,489
Oct 2000	353	12,431	31.23	5.15	$74,988
Sep 2000	0	12,716	31.87	5.19	$65,952
Aug 2000	353	13,826	29.64	4.54	$73,243
Jul 2000	0	15,407	28.53	4.09	$63,011
Jun 2000	357	18,181	29.30	4.40	$90,407
May 2000	354	23,299	27.26	3.68	$95,385
Apr 2000	0	9,729	24.51	3.12	$30,316
Mar 2000	362	9,937	28.42	2.86	$38,705
Feb 2000	365	9,899	27.62	2.73	$37,071
Jan 2000	0	10,786	25.27	2.48	$26,755
Dec 1999	361	11,089	24.28	2.42	$35,642
Nov 1999	0	11,384	23.19	2.43	$27,709
Oct 1999	360	12,268	20.98	2.80	$41,949
Sep 1999	356	11,882	21.75	2.62	$38,860
Aug 1999	0	12,353	19.26	2.88	$35,522
Jul 1999	357	13,094	17.89	2.37	$37,451
Jun 1999	349	14,450	15.94	2.36	$39,695
May 1999	356	14,525	15.79	2.32	$39,334
Apr 1999	355	14,430	15.10	2.21	$37,223
Mar 1999	722	15,456	12.47	1.84	$37,417
Feb 1999	367	15,199	9.98	1.82	$31,291
Jan 1999	361	17,474	10.38	1.90	$36,947
Dec 1998	726	19,988	9.20	1.77	$42,124
Nov 1998	360	20,137	10.89	2.19	$47,934
Oct 1998	719	27,652	12.42	1.97	$63,383
Sep 1998	711	25,802	12.59	2.08	$62,687
Aug 1998	878	25,240	11.30	1.91	$58,063
Jul 1998	356	16,401	11.74	2.24	$40,873
Jun 1998	366	8,863	11.24	2.24	$23,943
May 1998	346	9,245	12.62	2.21	$24,764
Apr 1998	180	9,030	13.04	2.51	$24,970
Mar 1998	556	9,346	12.80	2.31	$28,701
Feb 1998	347	7,732	13.95	2.30	$22,618
Jan 1998	545	9,368	14.70	2.15	$28,198
Dec 1997	179	9,434	16.32	2.41	$25,668
Nov 1997	0	7,800	18.19	3.09	$24,088
Oct 1997	0	420	19.25	3.15	$1,323

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 2004 — as filed, then multipliedworked

Oil                  155 bbl  × $ 34.36 =     $5,326
Casinghead gas         0 Mcf  × $  5.53 =         $0

────────────────────────────────────────────────────
Month total                                   $5,326

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/14722 is the state's own key, not one this site invented.