CORTES

Name: CORTES lease production and value, Dec 2012 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SABLE PERMIAN RESOURCES, LLC (P-5 742251) in the LIN (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18117District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$156.2 M

Dec 2012 – Jun 2020

Value, last 12 filed months

$6.0 M

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The LIN (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 515 leases and 2,325 wells, and the rule below applies to all of them.

Discovered

1984-10-08

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 40 acres. The field rule took effect on 2014-04-21.

The Commission's schedule remark for this field reads: “PER DOCKET NO. 7C-0317412, LIN (WOLFCAMP) IS A UFT FIELD. PDD”

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	1,390,110 bbl	$90,417,934
Casinghead gas	Production	21,814,152 Mcf	$65,798,832
Total			$156,216,766

Wells on this lease (28)

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 31.1902, -101.0353. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.9 miles.

31.19174, -101.03195 · 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%

28 of 28 wells

With a plug date

0.0%

0 of 28 wells

Median depth

6,479 ft

28 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

28100.0%

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

Total depth in feet, 28 of 28 wells. Median 6,479 ft, with the middle half between 6,332 and 6,532 ft; the shallowest is 888 ft and the deepest 6,661 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, 28 of 28 wells, Dec 2012 – Aug 2022. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Dec 2012 – Aug 2022

28 of 28 wells

28 wells


42-23535491	6H	6,492 ft	Aug 2022	—	Yes
42-23535806	23H	6,467 ft	Mar 2015	—	Yes
42-23535805	22H	6,217 ft	Mar 2015	—	Yes
42-23535804	21H	6,449 ft	Mar 2015	—	Yes
42-23535843	17H	6,479 ft	Feb 2015	—	Yes
42-23535827	16H	6,486 ft	Feb 2015	—	Yes
42-23535854	29H	6,478 ft	Feb 2015	—	Yes
42-23535844	18H	6,323 ft	Oct 2014	—	Yes
42-23535845	19H	6,492 ft	Oct 2014	—	Yes
42-23535846	20H	6,287 ft	Oct 2014	—	Yes
42-23535778	14H	6,335 ft	Sep 2014	—	Yes
42-23535779	15H	6,579 ft	Sep 2014	—	Yes
42-23535777	13H	6,585 ft	Sep 2014	—	Yes
42-23535850	26H	892 ft	Aug 2014	—	Yes
42-23535849	25H	888 ft	Aug 2014	—	Yes
42-23535495	11H	6,661 ft	Jul 2014	—	Yes
42-23535496	12H	6,376 ft	Jul 2014	—	Yes
42-23535493	9H	6,632 ft	Jul 2014	—	Yes
42-23535494	10H	6,392 ft	Jul 2014	—	Yes
42-23535758	28H	6,145 ft	Jun 2014	—	Yes
42-23535757	27H	6,161 ft	May 2014	—	Yes
42-23535490	5H	6,615 ft	Nov 2013	—	Yes
42-23535489	4H	6,498 ft	Nov 2013	—	Yes
42-23535492	7H	6,607 ft	Nov 2013	—	Yes
42-23535150	2H	6,548 ft	Aug 2013	—	Yes
42-23535390	8H	6,502 ft	Aug 2013	—	Yes
42-23535394	3H	6,527 ft	Aug 2013	—	Yes
42-23535139	1H	6,344 ft	Dec 2012	—	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 (91)

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

91 months


Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	4,969	211,396	49.88	1.98	$666,559
Jan 2020	4,055	238,942	57.25	2.09	$732,670
Dec 2019	2,869	241,836	59.01	2.30	$726,577
Nov 2019	3,112	234,997	55.30	2.75	$818,500
Oct 2019	3,414	245,623	53.47	2.42	$776,596
Sep 2019	2,640	242,620	55.05	2.66	$790,041
Aug 2019	2,637	264,804	53.11	2.30	$750,255
Jul 2019	2,762	234,609	56.27	2.46	$732,570
Jun 2019	2,989	252,610	52.78	2.49	$787,061
May 2019	3,180	259,579	58.48	2.74	$897,296
Apr 2019	3,694	251,173	62.63	2.75	$922,257
Mar 2019	4,643	255,586	56.80	3.06	$1,046,352
Feb 2019	3,458	241,954	50.85	2.79	$851,428
Jan 2019	5,026	254,633	46.03	3.23	$1,053,348
Dec 2018	4,126	264,318	46.59	4.19	$1,298,517
Nov 2018	4,750	0	52.93	4.24	$251,418
Oct 2018	2,826	0	61.44	3.40	$173,629
Sep 2018	4,086	253,109	59.54	3.11	$1,029,943
Aug 2018	3,357	261,572	59.40	3.07	$1,001,532
Jul 2018	4,251	266,070	65.14	2.93	$1,056,995
Jun 2018	3,007	250,347	60.18	3.08	$951,259
May 2018	4,924	261,275	65.38	2.90	$1,079,838
Apr 2018	3,525	253,897	63.84	2.90	$961,540
Mar 2018	3,824	258,824	61.22	2.79	$955,406
Feb 2018	5,375	264,114	61.78	2.77	$1,062,639
Jan 2018	6,926	277,611	62.87	4.01	$1,548,469
Dec 2017	5,200	281,965	57.27	2.92	$1,121,570
Nov 2017	4,854	283,616	55.42	3.12	$1,153,425
Oct 2017	6,453	296,107	49.29	2.98	$1,201,557
Sep 2017	5,593	182,205	47.52	3.09	$828,297
Aug 2017	6,010	309,539	45.37	3.00	$1,202,653
Jul 2017	5,910	311,655	43.87	3.09	$1,221,438
Jun 2017	6,503	279,984	42.49	3.09	$1,140,701
May 2017	6,205	262,986	45.37	3.26	$1,139,749
Apr 2017	6,739	255,717	47.93	3.21	$1,144,261
Mar 2017	8,445	306,433	46.77	2.98	$1,309,271
Feb 2017	6,953	257,792	50.45	2.95	$1,111,936
Jan 2017	7,654	282,689	49.41	3.42	$1,344,641
Dec 2016	8,037	304,135	48.76	3.72	$1,524,127
Nov 2016	8,836	297,766	42.49	2.64	$1,162,839
Oct 2016	8,462	346,118	46.19	3.09	$1,460,454
Sep 2016	8,893	347,790	41.55	3.10	$1,447,872
Aug 2016	9,748	370,091	41.44	2.92	$1,486,229
Jul 2016	10,168	371,615	41.62	2.92	$1,509,921
Jun 2016	11,566	367,898	45.35	2.69	$1,512,630
May 2016	12,423	385,773	42.52	1.99	$1,296,315
Apr 2016	12,569	374,161	36.56	1.99	$1,204,492
Mar 2016	14,516	394,971	33.01	1.79	$1,187,755
Feb 2016	14,800	356,512	26.47	2.06	$1,127,465
Jan 2016	18,203	384,200	27.35	2.36	$1,406,239
Dec 2015	17,591	391,789	32.36	2.00	$1,353,375
Nov 2015	19,274	380,300	38.79	2.17	$1,571,874
Oct 2015	20,211	416,303	43.55	2.43	$1,890,382
Sep 2015	22,889	399,505	42.99	2.76	$2,086,001
Aug 2015	26,376	438,624	40.16	2.87	$2,319,203
Jul 2015	31,173	449,754	48.15	2.95	$2,825,541
Jun 2015	34,661	450,232	56.15	2.88	$3,244,171
May 2015	47,548	478,076	55.21	2.96	$4,038,055
Apr 2015	61,905	462,118	49.82	2.71	$4,334,862
Mar 2015	55,286	414,019	42.89	2.93	$3,586,242
Feb 2015	42,135	330,349	44.66	2.98	$2,864,930
Jan 2015	37,746	328,929	43.43	3.10	$2,659,196
Dec 2014	49,023	375,402	54.69	3.59	$4,029,272
Nov 2014	75,090	363,563	70.46	4.25	$6,836,653
Oct 2014	85,920	335,840	78.30	3.90	$8,037,634
Sep 2014	31,726	256,096	86.16	4.05	$3,769,533
Aug 2014	65,457	250,453	89.39	4.04	$6,861,809
Jul 2014	23,187	124,239	96.56	4.18	$2,758,206
Jun 2014	12,116	139,577	98.16	4.74	$1,850,466
May 2014	15,893	169,176	94.73	4.73	$2,305,164
Apr 2014	16,474	174,114	95.94	4.81	$2,417,851
Mar 2014	22,543	158,399	95.89	5.06	$2,962,640
Feb 2014	27,836	158,768	97.40	6.19	$3,694,318
Jan 2014	59,878	195,662	90.40	4.86	$6,364,029
Dec 2013	55,916	117,091	91.82	4.35	$5,644,078
Nov 2013	14,925	28,335	88.85	3.74	$1,432,010
Oct 2013	22,889	71,928	97.42	3.78	$2,501,688
Sep 2013	28,546	62,389	104.11	3.72	$3,203,870
Aug 2013	1,990	23,337	104.25	3.52	$289,665
Jul 2013	2,952	25,212	102.52	3.72	$396,371
Jun 2013	3,006	24,738	94.40	3.93	$381,071
May 2013	3,911	27,323	94.83	4.15	$484,245
Apr 2013	3,672	27,564	93.96	4.28	$463,066
Mar 2013	6,002	33,042	93.62	3.91	$691,196
Feb 2013	7,471	35,734	91.23	3.42	$803,786
Jan 2013	13,172	42,955	91.60	3.42	$1,353,457
Dec 2012	8,555	0	86.77	3.42	$742,317

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.

Feb 2020 — as filed, then multipliedworked

Oil                4,969 bbl  × $ 49.88 =   $247,854
Casinghead gas   211,396 Mcf  × $  1.98 =   $418,706

────────────────────────────────────────────────────
Month total                                 $666,559

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/18117 is the state's own key, not one this site invented.