PEGASUS FIELD UNIT 3

Name: PEGASUS FIELD UNIT 3 lease production and value, Mar 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by COG OPERATING LLC (P-5 166150) in the PEGASUS (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 15528District 7CField 70279875OilCasinghead gasSave Export

Value, all time

$26.1 M

Mar 2004 – Sep 2010

Value, last 12 filed months

$6.1 M

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The PEGASUS (WOLFCAMP) 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 13 leases and 27 wells, and the rule below applies to all of them.

Discovered

1952-12-31

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 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	289,107 bbl	$20,495,043
Casinghead gas	Production	831,271 Mcf	$5,615,780
Total			$26,110,823

Wells on this lease (11)

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 31.6188, -102.1482. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.5 miles.

31.62533, -102.14917 · 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%

11 of 11 wells

With a plug date

27.3%

3 of 11 wells

Median depth

10,424 ft

11 wells filed one

Completion to plug

16.0 years

median over 3 wells

What the state filed about each well

On the RRC proration schedule

11100.0%

A plug date is filed

327.3%

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

327.3%

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

Total depth in feet, 11 of 11 wells. Median 10,424 ft, with the middle half between 10,373 and 10,595 ft; the shallowest is 10,204 ft and the deepest 13,172 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 11 of 11 wells, Jul 2005 – Nov 2009. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Jul 2005 – Nov 2009

11 of 11 wells

Plug dates filed

Jul 2021 – Dec 2025

3 of 11 wells; 8 filed none

Last completion to plug: a median of 16.0 years across the 3 wells that filed both dates, with the middle half between 15.6 years and 17.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

11 wells


42-46136340	4218	10,335 ft	Nov 2009	—	Yes
42-46136338	4217	10,204 ft	Nov 2009	—	Yes
42-46136147	5006	10,416 ft	Oct 2009	—	Yes
42-46136146	4405	10,226 ft	Sep 2009	—	Yes
42-46101854	4402	10,410 ft	Jun 2008	Jul 2023	Yes
42-46103341	4003	10,575 ft	Oct 2007	—	Yes
42-46103324	4105	10,670 ft	Feb 2007	Dec 2025	Yes
42-46103863	1706	13,172 ft	Feb 2007	—	Yes
42-46103355	2003	10,424 ft	Oct 2006	—	Yes
42-46133188	2409W	10,600 ft	Jul 2006	—	Yes
42-46103360	2009W	10,590 ft	Jul 2005	Jul 2021	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 (79)

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

79 months


Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	9,364	30,690	81.69	4.12	$891,471
Mar 2010	9,389	27,157	78.39	4.39	$855,187
Feb 2010	7,951	26,345	73.58	5.44	$728,414
Jan 2010	10,470	29,700	74.36	5.96	$955,683
Dec 2009	12,651	30,023	71.44	5.48	$1,068,426
Nov 2009	11,310	25,023	74.59	3.75	$937,487
Oct 2009	7,504	22,124	72.54	4.11	$635,275
Sep 2009	3,861	11,744	65.54	3.06	$289,042
Aug 2009	2,832	10,936	67.42	3.22	$226,131
Jul 2009	3,694	11,916	61.13	3.46	$267,097
Jun 2009	2,285	11,530	66.16	3.90	$196,085
May 2009	3,002	13,328	54.74	3.93	$216,652
Apr 2009	2,927	13,434	46.77	3.59	$185,090
Mar 2009	3,459	14,447	42.14	4.06	$204,403
Feb 2009	3,566	14,270	32.81	4.63	$183,113
Jan 2009	4,193	16,148	35.86	5.37	$237,092
Dec 2008	4,199	16,890	37.10	5.98	$256,737
Nov 2008	4,045	15,505	55.49	6.86	$330,827
Oct 2008	5,279	14,152	75.24	6.92	$495,152
Sep 2008	4,033	11,419	101.76	7.88	$500,347
Aug 2008	3,086	12,290	114.22	8.48	$456,739
Jul 2008	4,660	16,459	131.08	11.39	$798,291
Jun 2008	4,334	13,298	131.33	13.03	$742,492
May 2008	5,944	20,227	123.17	11.57	$966,236
Apr 2008	6,455	18,754	110.31	10.45	$908,121
Mar 2008	5,175	14,445	101.90	9.66	$666,930
Feb 2008	4,319	12,282	92.53	8.77	$507,357
Jan 2008	4,311	12,913	90.38	8.21	$495,589
Dec 2007	5,611	12,508	88.33	7.30	$586,953
Nov 2007	4,744	14,964	91.67	7.29	$543,995
Oct 2007	4,826	12,164	82.85	6.92	$484,033
Sep 2007	5,402	13,298	75.84	6.24	$492,723
Aug 2007	4,112	12,569	69.06	6.39	$364,265
Jul 2007	5,341	13,901	70.90	6.39	$467,476
Jun 2007	3,614	15,382	62.00	7.55	$340,178
May 2007	5,593	16,756	58.74	7.85	$460,005
Apr 2007	5,404	18,209	59.61	7.81	$464,257
Mar 2007	6,687	20,772	56.92	7.30	$532,301
Feb 2007	7,199	21,484	55.10	8.22	$573,177
Jan 2007	7,831	19,971	50.30	6.73	$528,241
Dec 2006	8,174	18,159	56.65	6.92	$588,689
Nov 2006	6,405	15,761	54.20	7.62	$467,210
Oct 2006	9,999	19,141	54.90	6.01	$664,055
Sep 2006	4,173	8,375	60.08	5.04	$292,900
Aug 2006	4,373	9,457	68.71	7.34	$369,882
Jul 2006	1,577	3,862	69.37	6.34	$133,892
Jun 2006	1,801	3,632	66.28	6.38	$142,557
May 2006	1,268	3,346	66.01	6.42	$105,199
Apr 2006	1,411	3,492	64.39	7.36	$116,557
Mar 2006	1,759	3,741	56.70	7.08	$126,233
Feb 2006	1,286	3,583	57.59	7.75	$101,833
Jan 2006	2,324	4,760	60.59	8.93	$183,334
Dec 2005	1,682	5,147	54.94	13.42	$161,458
Nov 2005	2,041	6,828	54.69	10.59	$183,920
Oct 2005	4,416	8,509	58.34	13.80	$375,018
Sep 2005	2,750	8,039	61.45	12.08	$266,091
Aug 2005	2,763	2,203	61.51	9.80	$191,535
Jul 2005	595	1,650	55.69	7.84	$46,078
Jun 2005	722	1,755	52.33	7.38	$50,736
May 2005	370	1,021	45.22	6.65	$23,522
Apr 2005	749	1,612	49.20	7.36	$48,716
Mar 2005	710	1,749	50.37	7.15	$48,277
Feb 2005	552	1,660	45.22	6.31	$35,439
Jan 2005	862	1,858	43.16	6.32	$48,951
Dec 2004	728	1,764	39.86	6.75	$40,927
Nov 2004	367	783	45.28	6.33	$21,574
Oct 2004	356	1,012	49.70	6.52	$24,286
Sep 2004	363	992	43.24	5.28	$20,938
Aug 2004	549	1,119	42.37	5.55	$29,472
Jul 2004	547	1,304	38.28	6.08	$28,873
Jun 2004	552	1,390	36.10	6.43	$28,869
May 2004	919	1,856	37.48	6.49	$46,498
Apr 2004	1,114	2,271	34.47	5.86	$51,704
Mar 2004	188	13	34.36	5.53	$6,532

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.

Apr 2010 — as filed, then multipliedworked

Oil                9,364 bbl  × $ 81.69 =   $764,945
Casinghead gas    30,690 Mcf  × $  4.12 =   $126,525

────────────────────────────────────────────────────
Month total                                 $891,471

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/15528 is the state's own key, not one this site invented.