NEAL -B-

Operated by PIONEER NATURAL RES. USA, INC. (P-5 665748) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7434District 7CField 85279200NGPA filingOilCasinghead gasSaveExport
Value, all time
$680 k
Jan 1993 – Jul 2014
Value, last 12 filed months
$17 k
at the published price for each month
Months reported
259
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 7,461 leases and 22,481 wells, and the rule below applies to all of them.

Discovered
1904-12-31
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 80 acres. The field rule took effect on 2016-03-08.

The Commission's schedule remark for this field reads: AREA) 85279200.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition14,712 bbl$421,074
Casinghead gasProduction93,273 Mcf$259,218
Total$680,292

34,462 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (1)

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 31.3841, -101.8898. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38408, -101.88983 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
8,450 ft
1 wells filed one
Completion to plug
36.0 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 8,450 ft.

Completions filed
Mar 1978
1 of 1 wells
Plug dates filed
Mar 2014
1 of 1 wells

Last completion to plug: a median of 36.0 years across the 1 well that filed both dates, with the middle half between 36.0 years and 36.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4613128018,450 ftMar 1978Mar 2014Yes

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 (259)

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

259 months

Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 2013191088.853.74$16,970
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 20131750102.523.72$17,941
Jun 20130094.403.93$0
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 2012025279.822.52$635
May 2012029091.612.49$722
Apr 20120290101.652.00$579
Mar 20120285105.052.22$633
Feb 20120270101.102.57$694
Jan 2012030198.092.73$823
Dec 2011029896.873.24$965
Nov 2011027395.723.31$904
Oct 2011033584.983.65$1,222
Sep 2011030583.623.99$1,216
Aug 2011030983.404.15$1,282
Jul 2011027494.144.52$1,238
Jun 2011022792.904.64$1,053
May 2011023898.134.40$1,048
Apr 201100105.964.33$0
Mar 2011029596.364.06$1,197
Feb 2011025385.644.18$1,058
Jan 2011025286.504.59$1,156
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 2010025172.554.74$1,189
Jun 2010023670.364.91$1,159
May 2010020671.124.24$872
Apr 201008481.694.12$346
Mar 201008778.394.39$382
Feb 201007873.585.44$425
Jan 201009274.365.96$549
Dec 20090071.445.48$0
Nov 2009182074.593.75$13,575
Oct 2009016172.544.11$662
Sep 2009022265.543.06$680
Aug 20090067.423.22$0
Jul 2009025961.133.46$897
Jun 20090066.163.90$0
May 2009025554.743.93$1,001
Apr 2009024046.773.59$861
Mar 2009022942.144.06$930
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 2008358239101.767.88$38,313
Aug 20080247114.228.48$2,095
Jul 20080259131.0811.39$2,950
Jun 20080264131.3313.03$3,441
May 20080272123.1711.57$3,148
Apr 20080274110.3110.45$2,865
Mar 20080260101.909.66$2,513
Feb 2008022392.538.77$1,956
Jan 2008022790.388.21$1,863
Dec 2007024488.337.30$1,782
Nov 2007024591.677.29$1,786
Oct 2007024182.856.92$1,668
Sep 2007026975.846.24$1,680
Aug 2007014969.066.39$952
Jul 2007012970.906.39$824
Jun 200734722562.007.55$23,212
May 2007021758.747.85$1,703
Apr 2007015659.617.81$1,218
Mar 2007022956.927.30$1,672
Feb 2007021755.108.22$1,783
Jan 2007023350.306.73$1,567
Dec 2006023956.656.92$1,654
Nov 2006026654.207.62$2,026
Oct 2006027254.906.01$1,636
Sep 2006027760.085.04$1,395
Aug 2006022368.717.34$1,637
Jul 200618215169.376.34$13,583
Jun 2006014266.286.38$907
May 2006015566.016.42$996
Apr 200617621964.397.36$12,945
Mar 2006027356.707.08$1,934
Feb 2006021157.597.75$1,635
Jan 2006027460.598.93$2,448
Dec 2005026154.9413.42$3,501
Nov 2005022254.6910.59$2,351
Oct 2005023658.3413.80$3,256
Sep 200517627361.4512.08$14,113
Aug 200517530961.519.80$13,791
Jul 2005030355.697.84$2,377
Jun 2005027652.337.38$2,037
May 2005029845.226.65$1,982
Apr 200517625949.207.36$10,566
Mar 2005027050.377.15$1,932
Feb 2005024145.226.31$1,521
Jan 2005026743.166.32$1,688
Dec 2004029539.866.75$1,992
Nov 200418530445.286.33$10,301
Oct 2004032749.706.52$2,130
Sep 2004030543.245.28$1,612
Aug 200418131242.375.55$9,401
Jul 2004034338.286.08$2,087
Jun 2004022236.106.43$1,428
May 200418724737.486.49$8,613
Apr 2004024734.475.86$1,447
Mar 2004033934.365.53$1,875
Feb 200418633532.455.51$7,881
Jan 2004035732.036.30$2,249
Dec 200318232630.266.30$7,562
Nov 2003035828.804.60$1,645
Oct 2003036728.174.76$1,747
Sep 200318138126.314.75$6,572
Aug 2003032429.765.13$1,662
Jul 2003039429.415.17$2,037
Jun 200318231728.565.98$7,095
May 2003143026.595.97$2,595
Apr 200318240326.675.41$7,033
Mar 2003043831.146.10$2,670
Feb 2003040733.487.93$3,226
Jan 200318540630.315.58$7,874
Dec 2002038826.914.85$1,883
Nov 200218237624.664.14$6,044
Oct 2002037526.464.23$1,586
Sep 2002037427.443.64$1,360
Aug 200218140725.963.16$5,987
Jul 2002041824.583.06$1,280
Jun 2002040923.733.34$1,365
May 200217843024.663.58$5,931
Apr 2002041023.653.51$1,440
Mar 200218340522.003.10$5,283
Feb 200218640618.222.38$4,353
Jan 2002040717.172.38$967
Dec 200118343016.932.36$4,115
Nov 2001027018.072.41$649
Oct 2001032119.782.53$812
Sep 200118229424.262.25$5,077
Aug 2001033124.873.05$1,011
Jul 200117633023.933.20$5,267
Jun 2001030224.563.82$1,155
May 200117529825.524.31$5,750
Apr 2001027724.685.34$1,478
Mar 200118527824.545.38$6,035
Feb 2001028227.755.77$1,626
Jan 200119028327.478.40$7,596
Dec 2000031226.889.12$2,846
Nov 200018332032.215.66$7,705
Oct 2000030331.235.15$1,559
Sep 200018030631.875.19$7,324
Aug 2000031729.644.54$1,439
Jul 2000019328.534.09$789
Jun 200018529729.304.40$6,726
May 2000045027.263.68$1,656
Apr 200017856424.513.12$6,120
Mar 2000043528.422.86$1,244
Feb 200018744427.622.73$6,376
Jan 2000043325.272.48$1,074
Dec 199918258724.282.42$5,842
Nov 1999051823.192.43$1,261
Oct 199918361920.982.80$5,575
Sep 1999050621.752.62$1,325
Aug 199917552019.262.88$4,866
Jul 1999038817.892.37$920
Jun 199918732215.942.36$3,741
May 1999033315.792.32$773
Apr 199918363715.102.21$4,170
Mar 1999077812.471.84$1,430
Feb 199904999.981.82$907
Jan 199918955310.381.90$3,012
Dec 199804439.201.77$786
Nov 199818144910.892.19$2,952
Oct 1998062412.421.97$1,229
Sep 199817454012.592.08$3,315
Aug 1998043511.301.91$830
Jul 199817949411.742.24$3,207
Jun 1998061211.242.24$1,369
May 199818787612.622.21$4,293
Apr 1998059313.042.51$1,486
Mar 199817759012.802.31$3,628
Feb 1998055013.952.30$1,265
Jan 199817561814.702.15$3,904
Dec 199716559916.322.41$4,137
Nov 1997067618.193.09$2,088
Oct 1997053819.253.15$1,695
Sep 199717663317.742.95$4,993
Aug 1997071517.862.55$1,827
Jul 199712241417.582.25$3,075
Jun 1997035617.242.26$804
May 199716633318.972.31$3,918
Apr 1997047717.882.08$993
Mar 199710575618.951.94$3,456
Feb 199717854320.492.21$4,845
Jan 1997074523.483.54$2,637
Dec 19969039323.32$2,099
Nov 1996066321.97$0
Oct 199617383523.31$4,033
Sep 1996055722.22$0
Aug 199618384420.26$3,708
Jul 1996085719.55$0
Jun 199617892618.73$3,334
May 19961781,15119.43$3,459
Apr 199601,04121.51$0
Mar 199618386419.38$3,547
Feb 1996083116.98$0
Jan 199618254117.07$3,107
Dec 1995055417.19$0
Nov 1995065016.00$0
Oct 199518347315.43$2,824
Sep 1995050216.18$0
Aug 199518240615.92$2,897
Jul 1995079815.24$0
Jun 199518089016.41$2,954
May 1995075717.56$0
Apr 199517966617.73$3,174
Mar 1995075616.44$0
Feb 199518373916.58$3,034
Jan 1995077115.92$0
Dec 199418278015.03$2,735
Nov 199418076015.90$2,862
Oct 1994080415.58$0
Sep 199417781315.29$2,706
Aug 199417583216.13$2,823
Jul 1994085817.56$0
Jun 199417583617.09$2,991
May 1994076915.88$0
Apr 199417878014.14$2,517
Mar 199417476112.46$2,168
Feb 199417873212.50$2,225
Jan 1994075412.66$0
Dec 199317475912.33$2,145
Nov 1993072414.49$0
Oct 199317479215.85$2,758
Sep 199318560915.03$2,781
Aug 1993063015.66$0
Jul 199317561815.46$2,706
Jun 1993060916.79$0
May 199317767417.68$3,129
Apr 199318546318.05$3,339
Mar 1993056418.14$0
Feb 199317951917.90$3,204
Jan 199318255716.93$3,081

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.

Nov 2013 — as filed, then multipliedworked
Oil                  191 bbl  × $ 88.85 =    $16,970
Casinghead gas         0 Mcf  × $  3.74 =         $0

────────────────────────────────────────────────────
Month total                                  $16,970

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/7434 is the state's own key, not one this site invented.