LIBERTY, EDWIN P.

Operated by FOOTHILL ENERGY, LLC (P-5 275368) in the SERBIN (TAYLOR SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 131164District 03Field 82265500CondensateGasSaveExport
Value, all time
$190 k
Jan 1993 – Dec 2014
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
264
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 444 leases and 641 wells, and the rule below applies to all of them.

Discovered
1985-11-19
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2013-08-06.

The Commission's schedule remark for this field reads: 1500 FT DIAGONAL.

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
CondensateDisposition473 bbl$12,743
GasProduction108,688 Mcf$176,874
Total$189,617

64,021 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 (264)

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

264 months

Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 201417094.734.73$1,610
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
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 20130091.603.42$0
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 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110483.623.99$16
Aug 20110883.404.15$33
Jul 20110394.144.52$14
Jun 20110492.904.64$19
May 20110798.134.40$31
Apr 201101105.964.33$4
Mar 20110496.364.06$16
Feb 20110385.644.18$13
Jan 201101186.504.59$50
Dec 201002685.734.35$113
Nov 201002880.843.80$106
Oct 201006178.103.51$214
Sep 201001572.633.98$60
Aug 201003773.684.42$164
Jul 201006172.554.74$289
Jun 201001870.364.91$88
May 201001971.124.24$80
Apr 201001381.694.12$54
Mar 201005578.394.39$241
Feb 201005573.585.44$299
Jan 201006874.365.96$406
Dec 200907771.445.48$422
Nov 200903974.593.75$146
Oct 200902572.544.11$103
Sep 20090065.543.06$0
Aug 200901367.423.22$42
Jul 200902161.133.46$73
Jun 200904966.163.90$191
May 200905054.743.93$196
Apr 200905546.773.59$197
Mar 200903442.144.06$138
Feb 200903432.814.63$158
Jan 2009012235.865.37$655
Dec 2008016637.105.98$992
Nov 2008014755.496.86$1,008
Oct 2008015675.246.92$1,080
Sep 2008076101.767.88$599
Aug 2008084114.228.48$713
Jul 20081177131.0811.39$2,319
Jun 2008072131.3313.03$938
May 2008089123.1711.57$1,030
Apr 2008089110.3110.45$930
Mar 2008086101.909.66$831
Feb 200807592.538.77$658
Jan 200808390.388.21$681
Dec 2007010088.337.30$730
Nov 2007011391.677.29$824
Oct 2007012182.856.92$838
Sep 2007012175.846.24$756
Aug 2007012869.066.39$818
Jul 2007012970.906.39$824
Jun 2007012362.007.55$928
May 200709258.747.85$722
Apr 200708359.617.81$648
Mar 200708356.927.30$606
Feb 2007011055.108.22$904
Jan 2007013750.306.73$922
Dec 2006017356.656.92$1,197
Nov 2006010754.207.62$815
Oct 2006011854.906.01$710
Sep 2006011360.085.04$569
Aug 2006011068.717.34$807
Jul 2006012369.376.34$780
Jun 2006010666.286.38$677
May 2006021266.016.42$1,362
Apr 2006020864.397.36$1,531
Mar 2006023156.707.08$1,636
Feb 2006020257.597.75$1,566
Jan 2006018860.598.93$1,679
Dec 200509654.9413.42$1,288
Nov 200509754.6910.59$1,027
Oct 2005018258.3413.80$2,511
Sep 2005026061.4512.08$3,141
Aug 2005021761.519.80$2,126
Jul 200509655.697.84$753
Jun 20051510252.337.38$1,538
May 200597745.226.65$919
Apr 2005011449.207.36$839
Mar 2005010950.377.15$780
Feb 200508345.226.31$524
Jan 20050043.166.32$0
Dec 2004012139.866.75$817
Nov 2004013745.286.33$867
Oct 2004014349.706.52$932
Sep 2004013343.245.28$703
Aug 2004013942.375.55$772
Jul 2004014838.286.08$900
Jun 2004016036.106.43$1,029
May 2004016837.486.49$1,091
Apr 2004016934.475.86$990
Mar 2004017834.365.53$984
Feb 2004017532.455.51$964
Jan 2004016632.036.30$1,046
Dec 20033517530.266.30$2,162
Nov 2003016928.804.60$777
Oct 2003017528.174.76$833
Sep 2003019026.314.75$902
Aug 2003035929.765.13$1,842
Jul 2003022929.415.17$1,184
Jun 2003019828.565.98$1,185
May 2003019826.595.97$1,183
Apr 2003023726.675.41$1,282
Mar 2003027031.146.10$1,646
Feb 2003019133.487.93$1,514
Jan 2003024830.315.58$1,384
Dec 2002024226.914.85$1,175
Nov 2002029624.664.14$1,225
Oct 2002030326.464.23$1,281
Sep 2002034427.443.64$1,251
Aug 2002033225.963.16$1,051
Jul 2002030224.583.06$925
Jun 2002030423.733.34$1,015
May 2002032624.663.58$1,168
Apr 2002032523.653.51$1,142
Mar 2002032522.003.10$1,008
Feb 2002022818.222.38$542
Jan 2002033417.172.38$793
Dec 2001035516.932.36$839
Nov 2001033718.072.41$811
Oct 2001033019.782.53$835
Sep 2001020424.262.25$459
Aug 2001029524.873.05$901
Jul 2001035423.933.20$1,132
Jun 2001037024.563.82$1,415
May 2001042925.524.31$1,848
Apr 200111825824.685.34$4,289
Mar 2001034024.545.38$1,828
Feb 2001029527.755.77$1,701
Jan 2001035027.478.40$2,940
Dec 2000036726.889.12$3,348
Nov 2000038032.215.66$2,150
Oct 2000042931.235.15$2,207
Sep 2000036931.875.19$1,914
Aug 2000040629.644.54$1,844
Jul 2000041328.534.09$1,689
Jun 2000040629.304.40$1,785
May 2000043627.263.68$1,604
Apr 2000039924.513.12$1,243
Mar 2000045628.422.86$1,304
Feb 2000033327.622.73$908
Jan 2000043225.272.48$1,072
Dec 1999046324.282.42$1,122
Nov 1999043823.192.43$1,066
Oct 1999048420.982.80$1,357
Sep 1999045321.752.62$1,186
Aug 1999044019.262.88$1,265
Jul 1999041917.892.37$994
Jun 1999039615.942.36$935
May 1999051415.792.32$1,193
Apr 1999054515.102.21$1,203
Mar 19993549212.471.84$1,341
Feb 199904869.981.82$883
Jan 1999053510.381.90$1,016
Dec 199805239.201.77$927
Nov 1998052910.892.19$1,156
Oct 19983257312.421.97$1,526
Sep 1998062212.592.08$1,295
Aug 1998057811.301.91$1,102
Jul 1998061711.742.24$1,380
Jun 1998057511.242.24$1,286
May 1998066312.622.21$1,463
Apr 1998265513.042.51$1,667
Mar 1998065912.802.31$1,522
Feb 1998067513.952.30$1,552
Jan 1998085814.702.15$1,849
Dec 1997070216.322.41$1,693
Nov 1997053618.193.09$1,655
Oct 1997068119.253.15$2,145
Sep 1997076217.742.95$2,252
Aug 1997049917.862.55$1,275
Jul 1997067317.582.25$1,512
Jun 1997044617.242.26$1,007
May 1997062518.972.31$1,443
Apr 1997081317.882.08$1,693
Mar 1997086518.951.94$1,677
Feb 1997041920.492.21$924
Jan 1997069023.483.54$2,442
Dec 1996091623.32$0
Nov 1996080321.97$0
Oct 1996076423.31$0
Sep 1996851,02022.22$1,889
Aug 199601,12220.26$0
Jul 199601,18919.55$0
Jun 1996099818.73$0
May 199601,13319.43$0
Apr 199601,16921.51$0
Mar 199601,20119.38$0
Feb 199601,32816.98$0
Jan 199601,34117.07$0
Dec 199501,23817.19$0
Nov 199501,33616.00$0
Oct 199521,07915.43$31
Sep 199501,18216.18$0
Aug 199501,35615.92$0
Jul 199501,70915.24$0
Jun 199501,48216.41$0
May 199501,52817.56$0
Apr 199501,50517.73$0
Mar 199501,57316.44$0
Feb 199501,27316.58$0
Jan 199501,34415.92$0
Dec 199401,39115.03$0
Nov 1994731,64015.90$1,161
Oct 199401,19415.58$0
Sep 199401,49415.29$0
Aug 199401,74516.13$0
Jul 199401,10517.56$0
Jun 199401,43417.09$0
May 199401,65415.88$0
Apr 19941866214.14$255
Mar 199401,47812.46$0
Feb 199401,54812.50$0
Jan 199401,52612.66$0
Dec 199301,51712.33$0
Nov 199301,62514.49$0
Oct 199301,73315.85$0
Sep 199301,26515.03$0
Aug 199301,33715.66$0
Jul 1993181,32915.46$278
Jun 199301,46216.79$0
May 199301,54517.68$0
Apr 199331,50318.05$54
Mar 199301,74618.14$0
Feb 199301,10917.90$0
Jan 199301,39016.93$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.

May 2014 — as filed, then multipliedworked
Condensate            17 bbl  × $ 94.73 =     $1,610
Gas                    0 Mcf  × $  4.73 =         $0

────────────────────────────────────────────────────
Month total                                   $1,610

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. 03/G/131164 is the state's own key, not one this site invented.