WAYNE WEST RANCH "B"

Operated by CHEVRON MIDCONTINENT, L.P. (P-5 147862) in the MASSIE (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 110717District 01Field 58112500CondensateGasSaveExport
Value, all time
$199 k
Jan 1993 – Sep 2013
Value, last 12 filed months
$10
at the published price for each month
Months reported
249
no gaps in the span
Streams
2
condensate, 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 61 leases and 61 wells, and the rule below applies to all of them.

Discovered
1980-04-30
as the register files it
Field class
Gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres.

The Commission's schedule remark for this field reads: OPTIONAL 80 ACR UNIT W/DIAG 3250.

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
CondensateDisposition105 bbl$1,852
GasProduction74,975 Mcf$197,319
Total$199,170

24,532 Mcf of this lease's gas, across 41 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.

Every month this lease reported (249)

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

249 months

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 20130391.603.42$10
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 201201085.133.02$30
Jun 201201579.822.52$38
May 20120191.612.49$2
Apr 2012030101.652.00$60
Mar 201200105.052.22$0
Feb 2012020101.102.57$51
Jan 20120398.092.73$8
Dec 20110196.873.24$3
Nov 20110195.723.31$3
Oct 20110384.983.65$11
Sep 20110183.623.99$4
Aug 20110283.404.15$8
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110198.134.40$4
Apr 201101105.964.33$4
Mar 20110296.364.06$8
Feb 201101185.644.18$46
Jan 201105786.504.59$262
Dec 20100185.734.35$4
Nov 20100380.843.80$11
Oct 20100178.103.51$4
Sep 20100072.633.98$0
Aug 20100373.684.42$13
Jul 201006072.554.74$284
Jun 20100270.364.91$10
May 20100171.124.24$4
Apr 20100681.694.12$25
Mar 20100378.394.39$13
Feb 201001373.585.44$71
Jan 201002474.365.96$143
Dec 20090371.445.48$16
Nov 20090374.593.75$11
Oct 20090072.544.11$0
Sep 20090165.543.06$3
Aug 20090067.423.22$0
Jul 20090261.133.46$7
Jun 20090366.163.90$12
May 20090954.743.93$35
Apr 20090746.773.59$25
Mar 20090042.144.06$0
Feb 20090332.814.63$14
Jan 200908235.865.37$440
Dec 200804737.105.98$281
Nov 200801655.496.86$110
Oct 200802475.246.92$166
Sep 2008011101.767.88$87
Aug 2008027114.228.48$229
Jul 2008048131.0811.39$547
Jun 2008040131.3313.03$521
May 2008072123.1711.57$833
Apr 20080156110.3110.45$1,631
Mar 2008095101.909.66$918
Feb 200807592.538.77$658
Jan 2008021890.388.21$1,789
Dec 200701488.337.30$102
Nov 2007011191.677.29$809
Oct 20070982.856.92$62
Sep 200703975.846.24$244
Aug 2007010069.066.39$639
Jul 2007015070.906.39$958
Jun 200709062.007.55$679
May 2007014558.747.85$1,138
Apr 200708959.617.81$695
Mar 2007013756.927.30$1,000
Feb 200708555.108.22$698
Jan 200709450.306.73$632
Dec 200609256.656.92$637
Nov 2006017854.207.62$1,356
Oct 2006010154.906.01$607
Sep 2006022360.085.04$1,123
Aug 2006010268.717.34$749
Jul 2006016269.376.34$1,028
Jun 2006017766.286.38$1,130
May 2006019766.016.42$1,266
Apr 2006016464.397.36$1,207
Mar 2006021056.707.08$1,487
Feb 2006021557.597.75$1,666
Jan 2006013560.598.93$1,206
Dec 2005017054.9413.42$2,281
Nov 2005018554.6910.59$1,959
Oct 2005018058.3413.80$2,483
Sep 2005014561.4512.08$1,751
Aug 200508361.519.80$813
Jul 2005059655.697.84$4,675
Jun 2005047852.337.38$3,528
May 2005015945.226.65$1,058
Apr 2005017049.207.36$1,251
Mar 2005020750.377.15$1,481
Feb 2005020745.226.31$1,307
Jan 2005024143.166.32$1,524
Dec 200403439.866.75$230
Nov 2004016245.286.33$1,026
Oct 2004025249.706.52$1,642
Sep 2004015343.245.28$808
Aug 2004019742.375.55$1,093
Jul 2004018638.286.08$1,132
Jun 2004011736.106.43$753
May 2004022337.486.49$1,448
Apr 2004019434.475.86$1,137
Mar 2004029234.365.53$1,615
Feb 2004020832.455.51$1,146
Jan 2004042532.036.30$2,677
Dec 2003017030.266.30$1,071
Nov 2003029928.804.60$1,374
Oct 2003026428.174.76$1,257
Sep 2003025226.314.75$1,197
Aug 2003036629.765.13$1,877
Jul 2003024129.415.17$1,246
Jun 2003030528.565.98$1,825
May 2003021226.595.97$1,266
Apr 2003029426.675.41$1,590
Mar 2003034731.146.10$2,115
Feb 2003017733.487.93$1,403
Jan 2003032730.315.58$1,825
Dec 2002018426.914.85$893
Nov 2002027524.664.14$1,138
Oct 2002036826.464.23$1,556
Sep 2002031627.443.64$1,149
Aug 2002028725.963.16$908
Jul 2002026924.583.06$824
Jun 2002024423.733.34$815
May 2002033524.663.58$1,201
Apr 2002033723.653.51$1,184
Mar 2002034722.003.10$1,077
Feb 2002017618.222.38$418
Jan 2002019217.172.38$456
Dec 2001016216.932.36$383
Nov 2001020518.072.41$493
Oct 2001020319.782.53$513
Sep 2001020424.262.25$459
Aug 2001021624.873.05$659
Jul 2001023223.933.20$742
Jun 2001024624.563.82$941
May 2001028925.524.31$1,245
Apr 2001033824.685.34$1,803
Mar 2001031424.545.38$1,688
Feb 2001029927.755.77$1,724
Jan 2001033727.478.40$2,830
Dec 2000033826.889.12$3,083
Nov 2000036632.215.66$2,071
Oct 2000040531.235.15$2,084
Sep 2000044431.875.19$2,303
Aug 2000041729.644.54$1,893
Jul 2000045328.534.09$1,853
Jun 2000456329.304.40$2,593
May 2000050527.263.68$1,858
Apr 2000649724.513.12$1,696
Mar 2000448628.422.86$1,504
Feb 2000039827.622.73$1,085
Jan 2000052125.272.48$1,292
Dec 1999060524.282.42$1,466
Nov 1999051023.192.43$1,241
Oct 1999050820.982.80$1,424
Sep 1999454721.752.62$1,520
Aug 1999047719.262.88$1,372
Jul 1999051917.892.37$1,231
Jun 1999352315.942.36$1,283
May 1999060515.792.32$1,404
Apr 1999056015.102.21$1,237
Mar 1999057012.471.84$1,048
Feb 199964649.981.82$903
Jan 1999074210.381.90$1,410
Dec 199836069.201.77$1,102
Nov 1998755310.892.19$1,285
Oct 1998447912.421.97$993
Sep 1998071112.592.08$1,481
Aug 1998375111.301.91$1,466
Jul 1998469511.742.24$1,602
Jun 1998571211.242.24$1,649
May 1998072812.622.21$1,606
Apr 1998067213.042.51$1,684
Mar 1998071812.802.31$1,658
Feb 1998067513.952.30$1,552
Jan 1998077814.702.15$1,676
Dec 19971281716.322.41$2,166
Nov 19971281718.193.09$2,741
Oct 1997121,00019.253.15$3,381
Sep 199701,20317.742.95$3,555
Aug 199701,16917.862.55$2,986
Jul 199701,14117.582.25$2,564
Jun 199701,07117.242.26$2,417
May 199701,28718.972.31$2,971
Apr 199701,10717.882.08$2,306
Mar 1997046518.951.94$902
Feb 1997024720.492.21$545
Jan 1997088523.483.54$3,133
Dec 1996693623.32$140
Nov 1996091621.97$0
Oct 199651,41723.31$117
Sep 1996065122.22$0
Aug 1996031320.26$0
Jul 1996023519.55$0
Jun 1996010018.73$0
May 1996029719.43$0
Apr 1996070621.51$0
Mar 199601619.38$0
Feb 1996031016.98$0
Jan 1996042517.07$0
Dec 1995026917.19$0
Nov 1995026616.00$0
Oct 1995068515.43$0
Sep 1995054516.18$0
Aug 1995035915.92$0
Jul 1995082015.24$0
Jun 1995081616.41$0
May 1995084517.56$0
Apr 1995050817.73$0
Mar 1995076416.44$0
Feb 1995088916.58$0
Jan 1995022015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940017.56$0
Jun 1994016617.09$0
May 199403115.88$0
Apr 199401,02414.14$0
Mar 1994070112.46$0
Feb 19940012.50$0
Jan 1994068812.66$0
Dec 1993091912.33$0
Nov 1993081314.49$0
Oct 1993051815.85$0
Sep 1993053815.03$0
Aug 1993063715.66$0
Jul 1993062115.46$0
Jun 1993067616.79$0
May 1993066317.68$0
Apr 1993067318.05$0
Mar 1993283718.14$36
Feb 1993079317.90$0
Jan 1993392616.93$51

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.

Jan 2013 — as filed, then multipliedworked
Condensate             0 bbl  × $ 91.60 =         $0
Gas                    3 Mcf  × $  3.42 =        $10

────────────────────────────────────────────────────
Month total                                      $10

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. 01/G/110717 is the state's own key, not one this site invented.