COATES 738

Name: COATES 738 lease production and value, May 2014 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 18598District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$129.4 M

May 2014 – May 2020

Value, last 12 filed months

$14.4 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	2,135,925 bbl	$102,637,933
Casinghead gas	Production	9,495,315 Mcf	$26,791,034
Total			$129,428,966

Wells on this lease (24)

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 31.2493, -101.4584. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.25122, -101.45878 · 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%

24 of 24 wells

With a plug date

0.0%

0 of 24 wells

Median depth

7,521 ft

24 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

24100.0%

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, 24 of 24 wells. Median 7,521 ft, with the middle half between 7,311 and 7,778 ft; the shallowest is 7,255 ft and the deepest 7,941 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, 24 of 24 wells, Nov 2014 – Sep 2023. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Nov 2014 – Sep 2023

24 of 24 wells

24 wells


42-38340007	330HK	7,921 ft	Sep 2023	—	Yes
42-38339343	0328HS	7,313 ft	May 2023	—	Yes
42-38338604	0303H	7,525 ft	Aug 2022	—	Yes
42-38340004	322HC	7,612 ft	Nov 2021	—	Yes
42-38339346	0329HA	7,516 ft	Nov 2021	—	Yes
42-38338858	0311H	7,616 ft	May 2021	—	Yes
42-38339066	0304HR	7,268 ft	May 2021	—	Yes
42-38340008	335HK	7,734 ft	May 2018	—	Yes
42-38340009	376HE	7,938 ft	May 2018	—	Yes
42-38340011	375HE	7,713 ft	May 2018	—	Yes
42-38340013	319HA	7,473 ft	May 2018	—	Yes
42-38340006	0324HA	7,466 ft	May 2018	—	Yes
42-38340014	321HT	7,281 ft	May 2018	—	Yes
42-38338850	0308H	7,462 ft	Apr 2018	—	Yes
42-38338859	0312H	7,285 ft	Apr 2018	—	Yes
42-38338849	0307H	7,268 ft	Apr 2018	—	Yes
42-38338851	0309H	7,941 ft	Apr 2018	—	Yes
42-38338852	0310H	7,932 ft	Dec 2015	—	Yes
42-38339344	0333HS	7,305 ft	Sep 2015	—	Yes
42-38339345	0334HA	7,505 ft	Sep 2015	—	Yes
42-38338702	0306H	7,557 ft	Feb 2015	—	Yes
42-38338701	0305H	7,911 ft	Feb 2015	—	Yes
42-38338603	0302H	7,923 ft	Dec 2014	—	Yes
42-38338600	0301H	7,255 ft	Nov 2014	—	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 (73)

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

73 months


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	16,126	189,652	49.88	1.98	$1,180,003
Jan 2020	18,505	202,585	57.25	2.09	$1,483,774
Dec 2019	19,125	210,622	59.01	2.30	$1,613,915
Nov 2019	18,891	204,277	55.30	2.75	$1,606,577
Oct 2019	20,771	215,932	53.47	2.42	$1,632,866
Sep 2019	20,505	211,481	55.05	2.66	$1,690,764
Aug 2019	22,511	209,807	53.11	2.30	$1,679,030
Jul 2019	22,318	212,592	56.27	2.46	$1,778,823
Jun 2019	23,255	219,273	52.78	2.49	$1,773,652
May 2019	26,221	224,737	58.48	2.74	$2,149,255
Apr 2019	25,297	209,651	62.63	2.75	$2,161,038
Mar 2019	29,122	223,466	56.80	3.06	$2,338,405
Feb 2019	27,477	205,457	50.85	2.79	$1,970,887
Jan 2019	33,664	231,870	46.03	3.23	$2,298,072
Dec 2018	36,401	238,984	46.59	4.19	$2,696,176
Nov 2018	37,608	220,818	52.93	4.24	$2,926,250
Oct 2018	43,042	234,981	61.44	3.40	$3,442,985
Sep 2018	45,011	240,940	59.54	3.11	$3,428,796
Aug 2018	54,345	261,291	59.40	3.07	$4,029,358
Jul 2018	66,959	272,196	65.14	2.93	$5,159,755
Jun 2018	80,641	185,212	60.18	3.08	$5,422,858
May 2018	48,332	58,504	65.38	2.90	$3,329,655
Apr 2018	179	1,336	63.84	2.90	$15,303
Mar 2018	599	1,642	61.22	2.79	$41,247
Feb 2018	4,962	9,573	61.78	2.77	$333,032
Jan 2018	15,225	81,965	62.87	4.01	$1,285,820
Dec 2017	19,697	115,902	57.27	2.92	$1,466,657
Nov 2017	18,816	114,019	55.42	3.12	$1,398,335
Oct 2017	21,203	111,745	49.29	2.98	$1,378,507
Sep 2017	14,984	86,553	47.52	3.09	$979,253
Aug 2017	15,784	90,804	45.37	3.00	$988,932
Jul 2017	19,906	127,930	43.87	3.09	$1,268,232
Jun 2017	20,404	124,971	42.49	3.09	$1,252,786
May 2017	21,884	123,867	45.37	3.26	$1,397,105
Apr 2017	21,157	123,820	47.93	3.21	$1,411,715
Mar 2017	23,837	131,060	46.77	2.98	$1,505,898
Feb 2017	22,147	113,230	50.45	2.95	$1,451,639
Jan 2017	26,109	129,053	49.41	3.42	$1,731,252
Dec 2016	27,794	129,510	48.76	3.72	$1,837,379
Nov 2016	27,629	130,441	42.49	2.64	$1,518,888
Oct 2016	29,711	137,610	46.19	3.09	$1,797,602
Sep 2016	31,074	136,384	41.55	3.10	$1,714,001
Aug 2016	34,276	143,569	41.44	2.92	$1,840,242
Jul 2016	39,251	136,825	41.62	2.92	$2,033,749
Jun 2016	32,007	122,260	45.35	2.69	$1,779,887
May 2016	37,463	148,059	42.52	1.99	$1,887,718
Apr 2016	41,526	163,129	36.56	1.99	$1,842,987
Mar 2016	51,729	183,533	33.01	1.79	$2,036,834
Feb 2016	55,368	191,615	26.47	2.06	$1,861,013
Jan 2016	70,351	207,672	27.35	2.36	$2,415,111
Dec 2015	69,973	182,939	32.36	2.00	$2,630,462
Nov 2015	44,722	118,670	38.79	2.17	$1,991,963
Oct 2015	93,350	236,199	43.55	2.43	$4,638,548
Sep 2015	87,118	159,254	42.99	2.76	$4,184,492
Aug 2015	21,284	78,271	40.16	2.87	$1,079,598
Jul 2015	30,886	114,299	48.15	2.95	$1,823,781
Jun 2015	39,991	141,031	56.15	2.88	$2,652,067
May 2015	53,036	149,699	55.21	2.96	$3,370,545
Apr 2015	64,806	137,746	49.82	2.71	$3,601,454
Mar 2015	93,083	101,443	42.89	2.93	$4,290,036
Feb 2015	35,732	53,066	44.66	2.98	$1,753,726
Jan 2015	5,158	2,180	43.43	3.10	$230,771
Dec 2014	15,587	18,113	54.69	3.59	$917,503
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$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.

Feb 2020 — as filed, then multipliedworked

Oil               16,126 bbl  × $ 49.88 =   $804,365
Casinghead gas   189,652 Mcf  × $  1.98 =   $375,638

────────────────────────────────────────────────────
Month total                               $1,180,003

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/18598 is the state's own key, not one this site invented.