POLAR 38

Operated by SHARP IMAGE ENERGY, INC. (P-5 770731) in the POLAR (PENN.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 69401District 8AField 72212600OilSaveExport
Value, all time
$2.4 M
May 2009 – May 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
157
no gaps in the span
Streams
1
oil

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 8 leases and 11 wells, and the rule below applies to all of them.

Discovered
1954-12-31
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

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
OilDisposition33,297 bbl$2,398,985
Total$2,398,985

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 33.0087, -100.9988. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.00866, -100.99883 · 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
7,927 ft
1 wells filed one
Completion to plug
12.8 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 7,927 ft.

Completions filed
May 2009
1 of 1 wells
Plug dates filed
Mar 2022
1 of 1 wells

Last completion to plug: a median of 12.8 years across the 1 well that filed both dates, with the middle half between 12.8 years and 12.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2633186217,927 ftMay 2009Mar 2022Yes

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 (157)

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

157 months

May 20220109.378.43$0
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 2022091.054.86$0
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 2021077.435.24$0
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 2021066.024.22$0
Jul 2021070.783.98$0
Jun 2021069.493.38$0
May 2021063.483.02$0
Apr 2021060.362.76$0
Mar 2021061.302.72$0
Feb 2021057.805.55$0
Jan 2021050.412.81$0
Dec 2020044.642.68$0
Nov 2020038.772.71$0
Oct 2020036.972.48$0
Sep 2020037.091.99$0
Aug 2020039.982.39$0
Jul 2020038.371.83$0
Jun 2020034.901.69$0
May 2020016.921.81$0
Apr 2020014.751.80$0
Mar 2020030.341.86$0
Feb 2020049.881.98$0
Jan 2020057.252.09$0
Dec 2019059.012.30$0
Nov 2019055.302.75$0
Oct 2019053.472.42$0
Sep 2019055.052.66$0
Aug 2019053.112.30$0
Jul 2019056.272.46$0
Jun 201917552.782.49$9,237
May 2019058.482.74$0
Apr 2019062.632.75$0
Mar 201916556.803.06$9,372
Feb 201935450.852.79$18,001
Jan 201935246.033.23$16,203
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 2018061.443.40$0
Sep 2018059.543.11$0
Aug 201835659.403.07$21,146
Jul 2018065.142.93$0
Jun 2018060.183.08$0
May 2018065.382.90$0
Apr 201812663.842.90$8,044
Mar 201835161.222.79$21,488
Feb 2018061.782.77$0
Jan 201817762.874.01$11,128
Dec 201716857.272.92$9,621
Nov 201717855.423.12$9,865
Oct 201717749.292.98$8,724
Sep 201713947.523.09$6,605
Aug 201718145.373.00$8,212
Jul 201733843.873.09$14,828
Jun 2017042.493.09$0
May 201715245.373.26$6,896
Apr 2017047.933.21$0
Mar 2017046.772.98$0
Feb 201732150.452.95$16,194
Jan 201716149.413.42$7,955
Dec 201633748.763.72$16,432
Nov 201652142.492.64$22,137
Oct 201635846.193.09$16,536
Sep 201653141.553.10$22,063
Aug 201636141.442.92$14,960
Jul 201635841.622.92$14,900
Jun 201635745.352.69$16,190
May 201671642.521.99$30,444
Apr 2016036.561.99$0
Mar 201617733.011.79$5,843
Feb 2016026.472.06$0
Jan 201615227.352.36$4,157
Dec 201519032.362.00$6,148
Nov 201519038.792.17$7,370
Oct 2015043.552.43$0
Sep 201517742.992.76$7,609
Aug 201518740.162.87$7,510
Jul 201517948.152.95$8,619
Jun 201517956.152.88$10,051
May 201517955.212.96$9,883
Apr 2015049.822.71$0
Mar 201517042.892.93$7,291
Feb 2015044.662.98$0
Jan 201517943.433.10$7,774
Dec 2014054.693.59$0
Nov 201419170.464.25$13,458
Oct 201418878.303.90$14,720
Sep 201418186.164.05$15,595
Aug 201418689.394.04$16,627
Jul 201418096.564.18$17,381
Jun 201419198.164.74$18,749
May 2014094.734.73$0
Apr 201418395.944.81$17,557
Mar 201418595.895.06$17,740
Feb 201419197.406.19$18,603
Jan 201418590.404.86$16,724
Dec 201318891.824.35$17,262
Nov 2013088.853.74$0
Oct 201318897.423.78$18,315
Sep 2013187104.113.72$19,469
Aug 2013190104.253.52$19,808
Jul 2013171102.523.72$17,531
Jun 201317994.403.93$16,898
May 201318694.834.15$17,638
Apr 2013093.964.28$0
Mar 201318193.623.91$16,945
Feb 201319191.233.42$17,425
Jan 201316591.603.42$15,114
Dec 201218286.773.42$15,792
Nov 201218486.953.62$15,999
Oct 201218089.383.40$16,088
Sep 201233894.672.92$31,998
Aug 201253992.662.91$49,944
Jul 2012085.133.02$0
Jun 201216979.822.52$13,490
May 201217591.612.49$16,032
Apr 2012333101.652.00$33,849
Mar 2012179105.052.22$18,804
Feb 2012358101.102.57$36,194
Jan 201237898.092.73$37,078
Dec 201119096.873.24$18,405
Nov 201117695.723.31$16,847
Oct 201136884.983.65$31,273
Sep 201118783.623.99$15,637
Aug 201152783.404.15$43,952
Jul 201135994.144.52$33,796
Jun 201118892.904.64$17,465
May 201156398.134.40$55,247
Apr 2011375105.964.33$39,735
Mar 201156696.364.06$54,540
Feb 201119785.644.18$16,871
Jan 201156086.504.59$48,440
Dec 201075985.734.35$65,069
Nov 201037880.843.80$30,558
Oct 201056878.103.51$44,361
Sep 201075172.633.98$54,545
Aug 201055073.684.42$40,524
Jul 201075172.554.74$54,485
Jun 201075270.364.91$52,911
May 20102,27771.124.24$161,940
Apr 201037781.694.12$30,797
Mar 201057078.394.39$44,682
Feb 201018673.585.44$13,686
Jan 201037974.365.96$28,182
Dec 200918871.445.48$13,431
Nov 200940474.593.75$30,134
Oct 200993772.544.11$67,970
Sep 200956865.543.06$37,227
Aug 20091,12567.423.22$75,848
Jul 200974961.133.46$45,786
Jun 200970166.163.90$46,378
May 2009054.743.93$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.

Jun 2019 — as filed, then multipliedworked
Oil                  175 bbl  × $ 52.78 =     $9,237

────────────────────────────────────────────────────
Month total                                   $9,237

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/69401 is the state's own key, not one this site invented.