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BRISCOE -A-

Operated by PACIFIC OPERATORS, INC. (P-5 632825) in the CATARINA, SW. (SAN MIGUEL-GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 80746District 01Field 16340900CondensateGasSaveExport
Value, all time
$2 k
Jan 1993 – Feb 1996
Value, last 12 filed months
$886
at the published price for each month
Months reported
38
no gaps in the span
Streams
2
condensate, gas

The CATARINA, SW. (SAN MIGUEL-GAS) field

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 120 leases and 120 wells, and the rule below applies to all of them.

Discovered
1978-05-01
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1979-05-21.

The Commission's schedule remark for this field reads: “KERNS O&G, INC. EFFECTIVE APRIL 1, 1997.”

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
CondensateDisposition117 bbl$1,913
GasProduction4,039 Mcf$0
Total$1,913

4,039 Mcf of this lease's gas, across 34 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 (38)

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

38 months

Feb 19960016.98—$0
Jan 19960017.07—$0
Dec 19958017.19—$138
Nov 19957016.00—$112
Oct 1995013215.43—$0
Sep 1995812116.18—$129
Aug 1995813015.92—$127
Jul 1995013215.24—$0
Jun 1995012316.41—$0
May 199509517.56—$0
Apr 19951411917.73—$248
Mar 199589716.44—$132
Feb 199509616.58—$0
Jan 199509415.92—$0
Dec 1994010215.03—$0
Nov 1994611515.90—$95
Oct 1994011515.58—$0
Sep 199479715.29—$107
Aug 199408716.13—$0
Jul 1994012717.56—$0
Jun 1994011517.09—$0
May 1994139815.88—$206
Apr 1994011814.14—$0
Mar 1994012112.46—$0
Feb 199409312.50—$0
Jan 1994015312.66—$0
Dec 1993013712.33—$0
Nov 1993011214.49—$0
Oct 19931613915.85—$254
Sep 1993015315.03—$0
Aug 19931315715.66—$204
Jul 1993012215.46—$0
Jun 1993011716.79—$0
May 199309217.68—$0
Apr 1993011618.05—$0
Mar 1993013618.14—$0
Feb 1993913517.90—$161
Jan 1993014316.93—$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.

Dec 1995 — as filed, then multipliedworked
Condensate             8 bbl  × $ 17.19 =       $138
Gas                    0 Mcf  ×  no price            —

────────────────────────────────────────────────────
Month total                                     $138

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/80746 is the state's own key, not one this site invented.