VEIT-PILGRIM A USW B

Operated by BURLINGTON RESOURCES O & G CO LP (P-5 109333) in the EAGLEVILLE (EAGLE FORD-2) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12704District 02Field 27135750Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$18.2 M
Oct 2023 – May 2026
Value, last 12 filed months
$2.4 M
at the published price for each month
Months reported
32
no gaps in the span
Streams
2
oil, casinghead 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 3,304 leases and 7,959 wells, and the rule below applies to all of them.

Discovered
2009-03-20
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2017-02-28.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: BASED ON 3000 TO 1 GAS OIL RATIO

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
OilDisposition224,940 bbl$16,897,394
Casinghead gasProduction462,302 Mcf$1,273,160
Total$18,170,554

Every month this lease reported (32)

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

32 months

May 20262,1224,899106.413.05$240,724
Apr 20262,1444,22498.932.87$224,228
Mar 20262,2364,60889.753.15$215,194
Feb 20263,0804,18763.503.75$211,283
Jan 20263,1834,11659.138.00$221,130
Dec 20252,4184,87056.664.41$158,497
Nov 20251,9764,12858.593.93$131,982
Oct 20252,6496,44859.383.30$178,607
Sep 20252,8156,03662.743.08$195,185
Aug 20252,5656,30463.933.01$182,986
Jul 20252,6606,59366.743.32$199,386
Jun 20252,7716,92366.483.13$205,876
May 20253,2407,79960.553.23$221,391
Apr 20252,7847,15262.363.54$198,951
Mar 20253,2177,67767.704.27$250,559
Feb 20252,5196,32870.884.34$206,016
Jan 20253,4118,12074.324.28$288,248
Dec 20243,4639,46868.993.12$268,466
Nov 20242,6686,81969.052.20$199,217
Oct 20243,97410,36371.372.28$307,267
Sep 20244,0538,18869.612.36$301,489
Aug 20245,68213,10375.632.06$456,769
Jul 20243,9058,75979.932.15$330,929
Jun 20245,70013,20578.082.63$479,838
May 20247,41416,82378.812.20$621,282
Apr 20248,09021,67084.451.66$719,155
Mar 202410,69627,42980.301.55$901,270
Feb 202414,23134,22276.091.78$1,143,877
Jan 202416,74237,71773.023.30$1,346,879
Dec 202327,20850,05571.262.61$2,069,522
Nov 202350,95284,11877.892.81$4,204,818
Oct 202314,37219,95185.443.09$1,289,538

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
Oil                2,122 bbl  × $106.41 =   $225,802
Casinghead gas     4,899 Mcf  × $  3.05 =    $14,922

────────────────────────────────────────────────────
Month total                                 $240,724

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. 02/O/12704 is the state's own key, not one this site invented.