STATE TRACT 562-L

Operated by TRI-UNION DEVELOPMENT CORP. (P-5 871137) in the MATAGORDA BLOCK 562-L (6470) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7602District 02Field 58206415OilCasinghead gasSaveExport
Value, all time
$4.1 M
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
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 other leases, and the rule below applies to all of them.

Discovered
1990-08-10
as the register files it
Field class
Oil
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 field rule took effect on 1991-03-01.

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
OilDisposition211,702 bbl$3,735,722
Casinghead gasProduction193,374 Mcf$315,419
Total$4,051,141

69,373 Mcf of this lease's gas, across 48 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 (183)

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

183 months

Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 199976021.752.62$1,653
Aug 19990019.262.88$0
Jul 1999114017.892.37$2,039
Jun 19990015.942.36$0
May 1999145015.792.32$2,290
Apr 19990015.102.21$0
Mar 19991,9165312.471.84$23,990
Feb 19999706179.981.82$10,802
Jan 1999423010.381.90$4,391
Dec 1998009.201.77$0
Nov 199836010.892.19$392
Oct 19980012.421.97$0
Sep 19981,41047412.592.08$18,739
Aug 19986,7824,33811.301.91$84,911
Jul 19982,60549011.742.24$31,679
Jun 19985,3991,38011.242.24$63,772
May 19984,20952612.622.21$54,278
Apr 19980013.042.51$0
Mar 19981,4001,00512.802.31$20,241
Feb 19982,6907,55413.952.30$54,893
Jan 19985,19614,39014.702.15$107,389
Dec 19976,58413,55516.322.41$140,133
Nov 19977,23210,74418.193.09$164,730
Oct 19978,03617,16219.253.15$208,750
Sep 19973,1933,98117.742.95$68,407
Aug 19971,8786,02917.862.55$48,944
Jul 199783110,54017.582.25$38,292
Jun 19970017.242.26$0
May 19974,2244,15418.972.31$89,719
Apr 19977,3305,33817.882.08$142,178
Mar 199711,1817,70218.951.94$226,815
Feb 19978,3545,21720.492.21$182,682
Jan 199710,5438,75223.483.54$278,529
Dec 199610,44811,00823.32$243,647
Nov 199614,91811,67221.97$327,748
Oct 19963,8512,27923.31$89,767
Sep 19963383,24722.22$7,510
Aug 19961,7074,48720.26$34,584
Jul 19964923,03019.55$9,619
Jun 19961,00548418.73$18,824
May 199696246419.43$18,692
Apr 199688929921.51$19,122
Mar 199699443219.38$19,264
Feb 199690927416.98$15,435
Jan 199683521117.07$14,253
Dec 19951,53812817.19$26,438
Nov 19951,06728016.00$17,072
Oct 19951,66540915.43$25,691
Sep 19951,50446016.18$24,335
Aug 19951,37444115.92$21,874
Jul 19951,21442715.24$18,501
Jun 19951,28438216.41$21,070
May 19951,71134317.56$30,045
Apr 19951,68420517.73$29,857
Mar 19952,62713316.44$43,188
Feb 19951,49420916.58$24,771
Jan 19951,65519515.92$26,348
Dec 19941,93731315.03$29,113
Nov 19941,69634515.90$26,966
Oct 19941,40529315.58$21,890
Sep 19941,74435115.29$26,666
Aug 19942,08141316.13$33,567
Jul 19942,19742817.56$38,579
Jun 19941,82337717.09$31,155
May 19941,90535015.88$30,251
Apr 19941,48930414.14$21,054
Mar 19941,01213512.46$12,610
Feb 19941,43922712.50$17,988
Jan 19941,195112.66$15,129
Dec 19931,66386612.33$20,505
Nov 19931,30949114.49$18,967
Oct 19931,6621,65115.85$26,343
Sep 19932,1325,45115.03$32,044
Aug 19932,09393115.66$32,776
Jul 19932,7701,09815.46$42,824
Jun 19933,3492,47016.79$56,230
May 19934,1022,73917.68$72,523
Apr 19933,9702,19718.05$71,659
Mar 19934,1811,44018.14$75,843
Feb 19933,0082,32217.90$53,843
Jan 19932,6182,68116.93$44,323

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.

Sep 1999 — as filed, then multipliedworked
Oil                   76 bbl  × $ 21.75 =     $1,653
Casinghead gas         0 Mcf  × $  2.62 =         $0

────────────────────────────────────────────────────
Month total                                   $1,653

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/7602 is the state's own key, not one this site invented.