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MILAGROS

Operated by CIRCLE-S ENERGY, LLC (P-5 100703) in the HAWKVILLE (EAGLEFORD SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 292846District 01Field 39744500GasSave
Value, all time
$18.7 M
May 2022 – May 2026
Value, last 12 filed months
$1.0 M
at the published price for each month
Months reported
49
no gaps in the span
Streams
1
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
GasProduction3,608,468 Mcf$18,664,972
Total$18,664,972

Every month this lease reported (49)

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

49 months

May 202619,518106.413.05$59,449
Apr 20269,44798.932.87$27,110
Mar 202616,42589.753.15$51,730
Feb 202622,93363.503.75$86,006
Jan 202623,67959.138.00$189,383
Dec 202530,08856.664.41$132,789
Nov 202519,60058.593.93$76,958
Oct 202524,81759.383.30$82,016
Sep 202525,20462.743.08$77,551
Aug 202525,99063.933.01$78,354
Jul 202528,00766.743.32$92,849
Jun 202529,11666.483.13$91,096
May 202530,26460.553.23$97,823
Apr 202531,69262.363.54$112,289
Mar 202533,29267.704.27$142,101
Feb 202531,15770.884.34$135,248
Jan 202536,04074.324.28$154,204
Dec 202439,26968.993.12$122,573
Nov 202438,07869.052.20$83,712
Oct 202438,73971.372.28$88,379
Sep 202442,55069.612.36$100,604
Aug 202447,34075.632.06$97,692
Jul 202452,93179.932.15$113,621
Jun 202432,61778.082.63$85,913
May 202444,35078.812.20$97,501
Apr 202442,51984.451.66$70,548
Mar 202455,25180.301.55$85,370
Feb 202439,61076.091.78$70,650
Jan 202439,61173.023.30$130,624
Dec 202341,56171.262.61$108,504
Nov 202342,23777.892.81$118,583
Oct 202347,82585.443.09$147,649
Sep 202353,58989.042.74$146,568
Aug 202359,53480.522.67$159,127
Jul 202367,46874.852.64$178,237
Jun 202370,89468.962.26$160,113
May 202381,91370.622.23$182,453
Apr 202387,26078.122.24$195,267
Mar 202395,16972.852.39$227,755
Feb 202396,45575.112.47$237,827
Jan 2023124,45276.533.39$421,609
Dec 2022139,62576.415.73$799,923
Nov 2022148,44085.005.65$838,122
Oct 2022178,31887.185.86$1,045,614
Sep 2022201,79584.888.16$1,647,390
Aug 2022249,11194.529.13$2,273,676
Jul 2022297,744101.587.54$2,245,609
Jun 2022332,831115.097.98$2,655,059
May 2022242,113109.378.43$2,041,749

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.

May 2026 — as filed, then multipliedworked
Gas               19,518 Mcf  × $  3.05 =    $59,449

────────────────────────────────────────────────────
Month total                                  $59,449

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/292846 is the state's own key, not one this site invented.