PALO/UNIVERSITY 14/12 BEVO

Operated by SABLE PERMIAN RESOURCES LAND,LLC (P-5 742252) in the WEGER, WEST (GRAYBURG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 16474District 7CField 95874500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$198 k
Dec 2007 – Jul 2019
Value, last 12 filed months
$0
at the published price for each month
Months reported
140
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 13 leases and 23 wells, and the rule below applies to all of them.

Discovered
1956-05-15
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 register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

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
OilDisposition2,631 bbl$196,405
Casinghead gasProduction514 Mcf$1,297
Total$197,702

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 31.0906, -101.4916. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.09062, -101.49161 · 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
2,556 ft
2 wells filed one
Completion to plug
5.6 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 2,437 and 2,675 ft, median 2,556 ft, over the 2 wells that filed a depth.

Completions filed
Dec 2007 – Oct 2008
2 of 2 wells
Plug dates filed
Feb 2009 – Sep 2018
2 of 2 wells

Last completion to plug: a median of 5.6 years across the 2 wells that filed both dates, with the middle half between 2.9 years and 8.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-38336253S 22,437 ftOct 2008Feb 2009Yes
42-38336030S 12,675 ftDec 2007Sep 2018Yes

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 (140)

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

140 months

Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180762.874.01$28
Dec 20170057.272.92$0
Nov 20170955.423.12$28
Oct 201701149.292.98$33
Sep 201701347.523.09$40
Aug 20170045.373.00$0
Jul 20171181243.873.09$5,214
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 2017110049.413.42$5,435
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 201601141.553.10$34
Aug 201604241.442.92$123
Jul 201604341.622.92$126
Jun 201604245.352.69$113
May 201604242.521.99$84
Apr 201604336.561.99$86
Mar 201604933.011.79$88
Feb 201694026.472.06$2,488
Jan 20160027.352.36$0
Dec 201501932.362.00$38
Nov 201504938.792.17$106
Oct 201503643.552.43$87
Sep 2015751542.992.76$3,266
Aug 201503540.162.87$101
Jul 201570648.152.95$3,388
Jun 20150956.152.88$26
May 20150955.212.96$27
Apr 20150549.822.71$14
Mar 20150042.892.93$0
Feb 20150744.662.98$21
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 2014179096.564.18$17,284
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20141095.944.81$96
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 2013175094.403.93$16,520
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 2012176079.822.52$14,048
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 2011171083.404.15$14,261
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 2010178080.843.80$14,390
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 2010174081.694.12$14,214
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 2009177067.423.22$11,933
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 200945042.144.06$1,896
Feb 20090032.814.63$0
Jan 2009180035.865.37$6,455
Dec 20080037.105.98$0
Nov 2008177055.496.86$9,822
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 20081800114.228.48$20,560
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 20081760110.3110.45$19,415
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 2008175090.388.21$15,817
Dec 20070088.337.30$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.

Jan 2018 — as filed, then multipliedworked
Oil                    0 bbl  × $ 62.87 =         $0
Casinghead gas         7 Mcf  × $  4.01 =        $28

────────────────────────────────────────────────────
Month total                                      $28

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/16474 is the state's own key, not one this site invented.