PEG'S DRAW "A"

Operated by PRIMEXX OPERATING CORPORATION (P-5 677852) in the PEG'S DRAW (MISSISSIPPIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 69349District 8AField 70306500OilCasinghead gasSave
Value, all time
$447 k
Feb 2009 – Oct 2014
Value, last 12 filed months
$0
at the published price for each month
Months reported
69
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition7,235 bbl$429,200
Casinghead gasProduction4,349 Mcf$17,815
Total$447,015

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 32.9302, -101.5192. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

32.93024, -101.51921 · 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
50.0%
1 of 2 wells
Median depth
9,018 ft
2 wells filed one
Completion to plug
5.4 years
median over 1 wells

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
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 8,936 and 9,100 ft, median 9,018 ft, over the 2 wells that filed a depth.

Completions filed
Feb 2007 – Apr 2012
2 of 2 wells
Plug dates filed
Jul 2012
1 of 2 wells; 1 filed none

Last completion to plug: a median of 5.4 years across the 1 well that filed both dates, with the middle half between 5.4 years and 5.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-0333199328,936 ftApr 2012Yes
42-0333200539,100 ftFeb 2007Jul 2012Yes

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 (69)

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

69 months

Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
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 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 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 20120079.822.52$0
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 20110083.404.15$0
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 20100080.843.80$0
Oct 201030078.103.51$2,343
Sep 20100072.633.98$0
Aug 2010362073.684.42$26,672
Jul 20100072.554.74$0
Jun 2010190070.364.91$13,368
May 2010012071.124.24$508
Apr 201037718681.694.12$31,564
Mar 201018717878.394.39$15,440
Feb 201018515073.585.44$14,429
Jan 201037320574.365.96$28,959
Dec 200934818871.445.48$25,892
Nov 200937624974.593.75$28,980
Oct 200936416472.544.11$27,079
Sep 200936428365.543.06$24,724
Aug 200934429567.423.22$24,142
Jul 200935427361.133.46$22,586
Jun 200950232466.163.90$34,474
May 200952038854.743.93$29,988
Apr 200955541846.773.59$27,457
Mar 200955646442.144.06$25,313
Feb 20091,24846432.814.63$43,097

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.

Oct 2010 — as filed, then multipliedworked
Oil                   30 bbl  × $ 78.10 =     $2,343
Casinghead gas         0 Mcf  × $  3.51 =         $0

────────────────────────────────────────────────────
Month total                                   $2,343

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. 8A/O/69349 is the state's own key, not one this site invented.