Lease #PTX07 - 80 acres producing 7-8 BOPD at 600. Key in your API number and the query will provide the lease name along with other information, including the lease number. Lease #PTX10 - $1 million sales price, 10 wells total. For example, royalty owners generally do not pay production costs, such as for geophysical surveying and drilling wells, but usually are required to pay post-production costs, such as for transportation, processing and compression that are incurred to bring gas from the wellhead downstream to market. In some cases, the exemption will be data changed because the taxpayer filed with the incorrect percentage. First time users can contact Comptroller's office for registration assistance at 1-800-531-5441, ext. This requires a $100 filing/application fee. The production data in PDQ doesn't match the data I get from the federal Energy Information Administration. 100% WI with 78% and 75% NRI. But efforts lost momentum in 2020 when the COVID-19 pandemic caused global oil demand to dip. Study with Millions of Barrels in Place. We offer well testing and consultation services customized to fit your needs. It was the agencys first endorsement and followed a three-year review process. 2,332,563 BBLs. It would encourage more production, but it wouldnt be like a light switch, Blum said. Sign Up. Commission staff anticipates that the production totals . The court referenced but distinguished its recent decision in Burlington Resources Oil & Gas Co., LP v. Texas Crude Energy LLC, 573 S.W.3d 198 (Tex. Send a letter to Comptroller's asking for your account to be closed. DealStream - The Marketplace For Entrepreneurs, 9 Wells In The Permian / Currently Producing, 75% Working Interest In 30 Barrel A Day Lease, Immediate Cash Flow with Large Upside Diversified, Producing 2-3 BOPD with Upside Frac Potential, 5-5.5 BOPD Producing Oil Wells Near Abilene. All Rights Reserved. We specialize in the sale of Texas ranches, and have a number of hunting ranches and acreage for sale across North Texas, West Texas, and East Texas. Texas Oil and Gas Leases - Texas Drilling It would allow for increased production to continue. Last week, they were in Egypt telling the world that now is the time for climate action. } A federal agency this week approved plans for what would be the nation's largest oil export terminal to be built off the Texas coast. Typically, the GLO receives a 20 to 25 percent royalty from oil and gas produced from leases . Texas Monthly Oil and Gas Production data available here, http://webapps2.rrc.texas.gov/EWA/wellboreQueryAction.do. Leases for oil and gas development occur both onshore and offshore. Lease #PTX09 - 1300 Acres producing 20 BOPD. What type of information can you find using PDQ? 2019), which held that at the well valuation points permit deduction of post-production costs. You must be signed in to see your data changes. Drilling opportunities with Ring Energy drilling around these leases The Railroad Commission of Texas does not have the details on the methodology US-EIA uses. . The oil field cleanup regulatory fee is $0.000667 for each MCF (1,000 cubic feet) of gas produced. President Biden cannot lead on combating climate change, protecting public health or advocating for environmental justice while simultaneously allowing fossil fuel companies to lock-in decades of fossil fuel extraction, the groups senior policy advocate, Kelsey Crane, said in a statement. (function () { and 85% NRI, all depths. To obtain reports before January 1993, you can contact the Commissions Central Records Department at 512-463-6882 orims@rrc.texas.gov. Earthworks, an environmental nonprofit, spotted the filing and publicized approval of the Sea Port Oil Terminal on Tuesday. These requirements are in addition to, and apart from, the requirements of any other state and/or federal entity. Oil and Gas Leases in Texas. The Commissions data does not include condensate, which are liquid hydrocarbons produced from a gas well. In its 94-page decision, the Maritime Administration wrote, The construction and operation of the Port is in the national interest because the Project will benefit employment, economic growth, and U.S. energy infrastructure resilience and security. We are looking for a partner that would like to own 75% of this lease for $1.25 million. In July, the Maritime Administrations 890-page impact statement said oil processed at the Sea Port Oil Terminal would create greenhouse gas emissions equal to 233 million tons of carbon dioxide per year (about 4% of total 2020 U.S. emissions). Production will continue to increase as workovers take place. Burlington did not dictate the result in BlueStone because the value received clause in the lease in Burlington did not have a modifier, whereas the phrase value received in the BlueStone lease was modified by the word gross, which gives rise to an in inherent conflict with an at the well royalty provision (BlueStone slip op. Contact 1-800-531-5441, ext. bbb.async = true; The project aims to improve the efficiency of oil exports from the Texas coast, where smaller tankers currently ferry oil from coastal depots to larger ships that wait in deeper water, miles offshore. Great leases with upside potential located in Corsicana, Navarro County, TX. The Maritime Administrations approval gives the Sea Port Oil Terminal a clear lead among similar projects. test2-bool(true) Filter 4,914 oil and gas leases by decade, disposition, and type in Texas. Production information reported by the Commission is taken directly from the reports submitted to the Commission by the operators. The production data in PDQ doesn't match the data I get from the federal Energy Information Administration. at 15 (quoting Judice v. Mewbourne Oil Co., 939 S.W.2d 133, 136 (Tex. Both are part of the PLSS measurement system but have different uses. Oil and gas leases on PSF lands generate more revenue than any other source of income for the public education endowment, and managing these leases is one of the GLO's core functions. Texas Oil and Gas Leases | The Drillings Oil & Gas Production Data - Railroad Commission of Texas Copyright 2023 Texas Data Applications, LLC, Clorette Depasto 3-11 Unit Oil Lease #058211, CMC Nightshade 17/5 Unit Oil Lease #057836, Koonce West 46-34 Unit 1 Oil Lease #058168, Rio Brazos 26-15 Unit 1 Oil Lease #057741, Rio Brazos 26-15 Unit 2 Oil Lease #057740, Seminole San Andres Unit Oil Lease #060475. 5 Active producing wells OIL PRODUCTION TAX SUBCHAPTER A. 50+ Year Production Life The administrations move marked a major step forward for the export sector, which has grown rapidly since the U.S. began to allow crude sales abroad in 2015, the same year that the U.S. helped broker the Paris climate accord that called for dramatic reductions in global fossil fuel emissions. Oil Rigs & Property Leasing Opportunities in Texas The indexes for prior months are available on microfiche in Central Records. . What are the disposition codes listed in the disposition table? Established in 1991 | Noramco Production LLC et al. Terms of Use | However, the Production Database can be purchased. // function that displays status bar message v. Hyder, 483 S.W.3d 870, 873. Commingling - Texas General Land Office How do I find what district a county is in? (plurality op.))). Diversified & Currently Producing 2 Fully Equipped Tank Batteries: 2 x 210 Bbl oil tanks, 1 x 200 Bbl Water Tank, and Gun Barrel Production reports reflect a snapshot in time. This is 40 acres at 80% NRI. Plans to develop the offshore oil sector date to the lifting of the oil export ban in December 2015, said Jordan Blum, editorial director at Hart Energy in Houston. var showMsg = navigator.userAgent != "Mozilla/4.0 (compatible; MSIE 4.0; Mac_PowerPC)"; Yoakum County, TX. The Oil Leases and Gas Wells by District and Operator Index Archives begins with the April 2013 Index. Texas Oil Properties Oil lease located 4 miles north of Olney on Highway 79. And yet they are saying we need to phase out fossil fuels, Coleman said. However, the Production Database can be purchased. IAdminfootr01a_01_04o = new Image(123, 28);IAdminfootr01a_01_04o.src = '/images/om_nav_over.gif'; In addition, links to offshore lease counties is available on many results pages in PDQ. (a) Definitions. The project will create 62 permanent jobs, plus up to 1,400 temporary construction jobs, according to the Maritime Administration. At least 14 giant pumps with a combined output of 86,000 horsepower will be needed to move the oil from Houston to Freeport and then out to the offshore terminal. A mineral owner interested in someone drilling and producing the minerals you own. It includes the operator number, lease number, field number, field name, county number, county name, and O/G. Central Records may be contacted atims@rrc.texas.gov or 512-463-6800. The Drillings makes no warranty, expressed or implied, including the warranties of merchantability and fitness for a particular purpose, nor assumes any legal liability or responsibility for the accuracy, reliability, completeness or utility of these geospatial data, or for the improper or incorrect use of these geospatial data. Do you value our journalism? Net Income 2023-45 Consists of 2,900 net acres (100% HBP) 99% W.I. by Dylan Baddour, Inside Climate News Lease #PTX08 - 600 acres of production 20-30 BOPD. How do I find the county for an offshore lease? All wells are active and there are no liabilities. 2.5-3 BOPD Jones County, TX Oil Lease for Sale, 2.2- 3 BOPD Producing Abilene Oil Leases for Sale, Young Co. TX approx 1 BOPD Lease for Sale. At the same time, however, certain background principles affect Texas courts interpretation of the language in oil and gas leases. Contact me with any questions or concerns. Please notify Texas Drilling immediately if any inaccuracies are discovered. Approval of the Sea Port Oil Terminal, off the coast of Freeport, about 50 miles south of Galveston, gave its corporate developers Enterprise and Endbridge a clear lead in the race to build the first new offshore export terminal in the Gulf. Considerable 640 Acres+- Crane County Texas Current Production 105 bbls. Before making any large decision, please consult the Texas Railroad Commission to verify any findings from Texas-Drilling.com. Click the right mouse button and a pop-up window should appear listing several options, click paste. In this chapter: (1) "Carrier" means a person who owns, operates, or manages a means of transporting oil. America is going through an oil boom and this time it's different Contact the Tax Policy Division toll-free at 1-800-531-5441, ext. With the lease number you can access PDQ to obtain the production data. Forms, Minerals, Oil & Gas 17:10 (4th ed.). For example, at the end of August, July production reports are due. Whether it is filing a lease or researching one, the administering BLM office is going to be the definitive source. These are my wells and I am not a broker. This lease is located in Young Co. TX. For this reason, production information may change and be updated as the Commission receives revised, corrected or delinquent production reports from operators. Production will continue to increase as workovers take place. The Railroad Commission of Texas crude oil production data reflects only crude oil produced from oil leases as reported by operators. Check back regularly to keep up to date on drilling in Texas. Historically, production records are substantially complete after about six months. District by county information is available on theCommissionswebsite. BlueStone, slip op. List of Producing Lease Opportunities in Texas: Lease #PTX11 - 80+ Pud Locations. Engineering Report Available. Leases come with all production equipment, infrastructure in place including; (2)-300bbl tank batteries with water separator per lease. To obtain the most up-to-date information for your purposes, we suggest that you use the Texas Monthly Oil and Gas Production data available here. This memorandum is provided by Skadden, Arps, Slate, Meagher & Flom LLP and its affiliates for educational and informational purposes only and is not intended and should not be construed as legal advice. (1) Average taxable price of oil--The price of oil, certified by the comptroller, determined by . The well was tested and IP at 50bopd and 945 bwpd with water Texas Oil Deal $236k 4-5 BOPD This type of data change does not typically need to be corrected. Please have the tax type, taxpayer number and report period ready when you call. // The java used for navigation in the Public OM page However, staff at US-EIA has clarified that their production figures are production estimates only. Drafters should carefully note that the valuation method is distinct from the valuation point, and both should be explicitly detailed in leases. test4-bool(false) PDF Texas General Land Office Oil and Gas Lease Sales Nominating Procedures Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news. Include the Texas Railroad Commission (RRC) lease and county numbers and the production periods. Oil and Gas (Texas Relinquishment Act) Lease (29) Oil and Gas Pre-Existing Communitization Agreements on Acquired Land . The Oil Leases and Gas Wells by District and Operator Indexes are provided in Adobe Acrobat format (PDF format). A crude tanker docks at the Flint Hills Resources onshore export terminal in Corpus Christi. Email your letter to congtax@cpa.texas.gov or contact the Account Maintenance Division for additional information. Please send for additional information. It is organized by district, then by operator name and lease name. if (document.images) {document.images[id].src=eval(name+".src"); } In Texas, production is reported by each oil and gas lease rather than individual well. 19-0495 held that the gross value received language in the addendum constitutes a valuation point at the point of sale (which does not allow deduction of post-production costs) that conflicted with the form leases at the well provision (which generally allows such deductions). Oil And Gas Properties For Sale in Texas | DealStream In some cases, data changes can impact your tax due and an amended report will need to be filed to correct the data changes. Supreme Court of Texas Clarifies Allocation of Post-Production Costs in The Sea Port Oil Terminal would be 30 miles off the Texas coast and is one of four proposed offshore terminals designed to dramatically expand the U.S. oil export capacity. links provided in the resulting data to navigate to the different levels of the query results is recommended. CHAPTER 202. Credits for Qualifying Low Producing Oil Leases. . IAdminfootr01a_01_04 = new Image(123, 28);IAdminfootr01a_01_04.src = '/images/om_nav.gif'; document.returnValue = true; The crude oil statute in the Texas Tax Code. Monthly Oil & Gas Production - Railroad Commission of Texas Production Data Query System (PDQ) FAQs - Railroad Commission of Texas Inquiries about US-EIA data should be directed to US-EIA:http://www.eia.gov/. The index is updated on a monthly basis. 1996) (Owen, J.) per day Oil 450 mcf per day Gas 20 wells online The approval by the Department of Transportations Maritime Administration was filed in the federal register on Monday without any public announcement, a day after the United Nations annual climate conference wrapped up in Sharm el-Sheik, Egypt. at 12, 14, 17 (emphasis in original) (quoting Bowden v. Phillips Petroleum Co., 247 S.W.3d 690, 699 (Tex. In some cases, errors can create a liability. 4 BOPD between both. The Oil Leases and Gas Wells by District and Operator Index lists all oil leases and gas wells in Texas. While its Oct. 7 endorsement of the new terminal outlined concerns over climate change and environmental justice, it did not explain why the agency opted to approve the project. Disposition codes provide the breakdown of the various ways oil or gas leases dispose of their products. You can view tax report data, payments, refunds, account balances, report errors and data changes using the CONG Web Inquiry system. The Oil and Gas Lease Name Indexes are provided in Adobe Acrobat format (PDF format). The offshore oil export terminal, the first to be approved of four proposed along Texas Gulf Coast, will enable continued growth in U.S. shale oil production and in global consumption, dealing a substantial setback to the White Houses goals for drastic cuts in carbon emissions by year 2030. A complete listing of the various codes is available in the Disposition Details view in PDQ. Copyright The Texas General Land Office. 3 } 9 See BlueStone Nat. IAdminfootr01a_01_03 = new Image(226, 28);IAdminfootr01a_01_03.src = '/images/tac_nav.gif'; The Oil Leases and Gas Wells by District and Operator Index lists all oil leases and gas wells in Texas. There is material horizontal upside in the Mississippian (Barnett, Meramec, and Woodford) and Wolfcamp/Dean 55,000+ acres Palo Duro North Permian Basin The following words and terms, when used in this section, shall have the following meanings, unless the context clearly indicates otherwise. Anaconda 5-4 Unit 2 Oil Lease #057632. This lease is currently producing on average 30-35 barrels per day. ]. Compared to facilities and processes used today, this project will create a safer, more efficient mechanism for exporting oil, and will play a key role in facilitating U.S. energy security, a Maritime Administration spokesperson said in a statement. Texas Administrative Code Example: if a lease has switched from oil to gas, the system will automatically change the data to correct the lease type. Visit the Account Maintenance Division webpage for contact information. The Production Data Query does not have the capability to download or export query results. The date of last update will appear on the PDQ home page at the bottom. What theyve said seems contradictory.. Yes. //help_ftr_01_05o = new Image(38, 28);help_ftr_01_05o.src = '/images/help_nav_over.gif'; Can you explain the difference? Parties to (or acquirors of) oil and gas leases should review existing leases to determine whether those agreements contain conflicts between gross value received and at the well clauses, and whether any superseding clauses might affect interpretation. At a time when newsroom resources and revenue across the country are declining, The Texas Tribune remains committed to sustaining our mission: creating a more engaged and informed Texas with every story we cover, every event we convene and every newsletter we send.
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