LIBERTY

Name: LIBERTY lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 131894District 03Field 82265500CondensateGasSave Export

Value, all time

$137 k

Jan 1993 – Dec 2014

Value, last 12 filed months

$947

at the published price for each month

Months reported

264

no gaps in the span

Streams

condensate, gas

The SERBIN (TAYLOR SAND) 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 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.

Stream	Basis	Volume	Value
Condensate	Disposition	230 bbl	$6,745
Gas	Production	84,443 Mcf	$130,076
Total			$136,821

51,618 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 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	10	0	94.73	4.73	$947
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	2	83.62	3.99	$8
Aug 2011	0	4	83.40	4.15	$17
Jul 2011	0	1	94.14	4.52	$5
Jun 2011	0	2	92.90	4.64	$9
May 2011	0	3	98.13	4.40	$13
Apr 2011	0	1	105.96	4.33	$4
Mar 2011	0	2	96.36	4.06	$8
Feb 2011	0	1	85.64	4.18	$4
Jan 2011	0	5	86.50	4.59	$23
Dec 2010	0	13	85.73	4.35	$57
Nov 2010	0	14	80.84	3.80	$53
Oct 2010	0	31	78.10	3.51	$109
Sep 2010	0	8	72.63	3.98	$32
Aug 2010	0	18	73.68	4.42	$80
Jul 2010	0	30	72.55	4.74	$142
Jun 2010	0	9	70.36	4.91	$44
May 2010	0	9	71.12	4.24	$38
Apr 2010	0	6	81.69	4.12	$25
Mar 2010	0	27	78.39	4.39	$118
Feb 2010	0	27	73.58	5.44	$147
Jan 2010	0	34	74.36	5.96	$203
Dec 2009	0	38	71.44	5.48	$208
Nov 2009	0	20	74.59	3.75	$75
Oct 2009	0	13	72.54	4.11	$53
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	7	67.42	3.22	$23
Jul 2009	0	11	61.13	3.46	$38
Jun 2009	0	24	66.16	3.90	$93
May 2009	0	25	54.74	3.93	$98
Apr 2009	0	28	46.77	3.59	$100
Mar 2009	0	17	42.14	4.06	$69
Feb 2009	0	17	32.81	4.63	$79
Jan 2009	0	61	35.86	5.37	$328
Dec 2008	0	83	37.10	5.98	$496
Nov 2008	0	73	55.49	6.86	$501
Oct 2008	0	78	75.24	6.92	$540
Sep 2008	0	38	101.76	7.88	$299
Aug 2008	0	42	114.22	8.48	$356
Jul 2008	0	39	131.08	11.39	$444
Jun 2008	0	36	131.33	13.03	$469
May 2008	0	45	123.17	11.57	$521
Apr 2008	0	45	110.31	10.45	$470
Mar 2008	0	43	101.90	9.66	$416
Feb 2008	0	34	92.53	8.77	$298
Jan 2008	0	83	90.38	8.21	$681
Dec 2007	0	50	88.33	7.30	$365
Nov 2007	0	56	91.67	7.29	$408
Oct 2007	0	60	82.85	6.92	$415
Sep 2007	0	60	75.84	6.24	$375
Aug 2007	0	64	69.06	6.39	$409
Jul 2007	0	65	70.90	6.39	$415
Jun 2007	0	61	62.00	7.55	$460
May 2007	0	46	58.74	7.85	$361
Apr 2007	0	41	59.61	7.81	$320
Mar 2007	0	41	56.92	7.30	$299
Feb 2007	0	55	55.10	8.22	$452
Jan 2007	0	69	50.30	6.73	$464
Dec 2006	0	87	56.65	6.92	$602
Nov 2006	0	54	54.20	7.62	$411
Oct 2006	0	59	54.90	6.01	$355
Sep 2006	0	57	60.08	5.04	$287
Aug 2006	0	55	68.71	7.34	$404
Jul 2006	0	62	69.37	6.34	$393
Jun 2006	0	53	66.28	6.38	$338
May 2006	0	106	66.01	6.42	$681
Apr 2006	0	104	64.39	7.36	$765
Mar 2006	0	116	56.70	7.08	$822
Feb 2006	0	101	57.59	7.75	$783
Jan 2006	0	94	60.59	8.93	$840
Dec 2005	0	48	54.94	13.42	$644
Nov 2005	0	49	54.69	10.59	$519
Oct 2005	0	91	58.34	13.80	$1,255
Sep 2005	0	130	61.45	12.08	$1,570
Aug 2005	0	109	61.51	9.80	$1,068
Jul 2005	0	148	55.69	7.84	$1,161
Jun 2005	48	157	52.33	7.38	$3,671
May 2005	0	120	45.22	6.65	$798
Apr 2005	0	179	49.20	7.36	$1,318
Mar 2005	0	168	50.37	7.15	$1,202
Feb 2005	0	168	45.22	6.31	$1,060
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	186	39.86	6.75	$1,256
Nov 2004	0	210	45.28	6.33	$1,329
Oct 2004	0	220	49.70	6.52	$1,433
Sep 2004	0	205	43.24	5.28	$1,083
Aug 2004	0	214	42.37	5.55	$1,188
Jul 2004	0	227	38.28	6.08	$1,381
Jun 2004	0	245	36.10	6.43	$1,576
May 2004	0	258	37.48	6.49	$1,676
Apr 2004	0	260	34.47	5.86	$1,523
Mar 2004	0	274	34.36	5.53	$1,515
Feb 2004	0	231	32.45	5.51	$1,273
Jan 2004	0	255	32.03	6.30	$1,606
Dec 2003	0	269	30.26	6.30	$1,695
Nov 2003	0	260	28.80	4.60	$1,195
Oct 2003	0	269	28.17	4.76	$1,280
Sep 2003	0	291	26.31	4.75	$1,382
Aug 2003	0	359	29.76	5.13	$1,842
Jul 2003	0	268	29.41	5.17	$1,386
Jun 2003	0	123	28.56	5.98	$736
May 2003	0	123	26.59	5.97	$735
Apr 2003	0	34	26.67	5.41	$184
Mar 2003	0	53	31.14	6.10	$323
Feb 2003	0	50	33.48	7.93	$396
Jan 2003	0	60	30.31	5.58	$335
Dec 2002	0	54	26.91	4.85	$262
Nov 2002	0	31	24.66	4.14	$128
Oct 2002	0	21	26.46	4.23	$89
Sep 2002	0	39	27.44	3.64	$142
Aug 2002	0	60	25.96	3.16	$190
Jul 2002	0	61	24.58	3.06	$187
Jun 2002	0	91	23.73	3.34	$304
May 2002	0	229	24.66	3.58	$821
Apr 2002	0	262	23.65	3.51	$920
Mar 2002	0	276	22.00	3.10	$856
Feb 2002	0	90	18.22	2.38	$214
Jan 2002	0	231	17.17	2.38	$549
Dec 2001	0	273	16.93	2.36	$645
Nov 2001	0	274	18.07	2.41	$659
Oct 2001	0	249	19.78	2.53	$630
Sep 2001	0	68	24.26	2.25	$153
Aug 2001	0	205	24.87	3.05	$626
Jul 2001	0	302	23.93	3.20	$966
Jun 2001	0	318	24.56	3.82	$1,216
May 2001	0	333	25.52	4.31	$1,434
Apr 2001	70	215	24.68	5.34	$2,875
Mar 2001	0	250	24.54	5.38	$1,344
Feb 2001	0	189	27.75	5.77	$1,090
Jan 2001	0	252	27.47	8.40	$2,116
Dec 2000	0	303	26.88	9.12	$2,764
Nov 2000	0	304	32.21	5.66	$1,720
Oct 2000	0	358	31.23	5.15	$1,842
Sep 2000	0	341	31.87	5.19	$1,769
Aug 2000	0	338	29.64	4.54	$1,535
Jul 2000	0	319	28.53	4.09	$1,305
Jun 2000	0	339	29.30	4.40	$1,491
May 2000	0	367	27.26	3.68	$1,350
Apr 2000	0	333	24.51	3.12	$1,038
Mar 2000	0	359	28.42	2.86	$1,027
Feb 2000	0	289	27.62	2.73	$788
Jan 2000	0	364	25.27	2.48	$903
Dec 1999	0	291	24.28	2.42	$705
Nov 1999	0	207	23.19	2.43	$504
Oct 1999	0	353	20.98	2.80	$990
Sep 1999	0	302	21.75	2.62	$791
Aug 1999	0	394	19.26	2.88	$1,133
Jul 1999	0	337	17.89	2.37	$799
Jun 1999	0	408	15.94	2.36	$964
May 1999	0	444	15.79	2.32	$1,031
Apr 1999	0	450	15.10	2.21	$994
Mar 1999	11	465	12.47	1.84	$992
Feb 1999	0	465	9.98	1.82	$845
Jan 1999	0	549	10.38	1.90	$1,043
Dec 1998	0	394	9.20	1.77	$699
Nov 1998	0	82	10.89	2.19	$179
Oct 1998	0	107	12.42	1.97	$211
Sep 1998	0	114	12.59	2.08	$237
Aug 1998	0	317	11.30	1.91	$605
Jul 1998	0	527	11.74	2.24	$1,179
Jun 1998	0	374	11.24	2.24	$837
May 1998	0	239	12.62	2.21	$527
Apr 1998	0	403	13.04	2.51	$1,010
Mar 1998	0	209	12.80	2.31	$483
Feb 1998	0	592	13.95	2.30	$1,361
Jan 1998	0	514	14.70	2.15	$1,108
Dec 1997	0	572	16.32	2.41	$1,379
Nov 1997	0	278	18.19	3.09	$859
Oct 1997	0	612	19.25	3.15	$1,928
Sep 1997	0	671	17.74	2.95	$1,983
Aug 1997	17	745	17.86	2.55	$2,207
Jul 1997	0	461	17.58	2.25	$1,036
Jun 1997	0	518	17.24	2.26	$1,169
May 1997	0	573	18.97	2.31	$1,323
Apr 1997	0	592	17.88	2.08	$1,233
Mar 1997	0	589	18.95	1.94	$1,142
Feb 1997	0	594	20.49	2.21	$1,310
Jan 1997	0	622	23.48	3.54	$2,202
Dec 1996	0	646	23.32	—	$0
Nov 1996	0	829	21.97	—	$0
Oct 1996	0	943	23.31	—	$0
Sep 1996	0	816	22.22	—	$0
Aug 1996	0	904	20.26	—	$0
Jul 1996	0	714	19.55	—	$0
Jun 1996	0	841	18.73	—	$0
May 1996	0	905	19.43	—	$0
Apr 1996	0	815	21.51	—	$0
Mar 1996	0	853	19.38	—	$0
Feb 1996	0	947	16.98	—	$0
Jan 1996	0	980	17.07	—	$0
Dec 1995	0	886	17.19	—	$0
Nov 1995	0	1,124	16.00	—	$0
Oct 1995	0	812	15.43	—	$0
Sep 1995	0	866	16.18	—	$0
Aug 1995	0	885	15.92	—	$0
Jul 1995	0	818	15.24	—	$0
Jun 1995	0	814	16.41	—	$0
May 1995	0	917	17.56	—	$0
Apr 1995	0	916	17.73	—	$0
Mar 1995	0	998	16.44	—	$0
Feb 1995	0	907	16.58	—	$0
Jan 1995	0	1,002	15.92	—	$0
Dec 1994	0	1,055	15.03	—	$0
Nov 1994	32	1,117	15.90	—	$509
Oct 1994	0	719	15.58	—	$0
Sep 1994	0	1,108	15.29	—	$0
Aug 1994	0	1,134	16.13	—	$0
Jul 1994	0	953	17.56	—	$0
Jun 1994	0	1,192	17.09	—	$0
May 1994	0	1,253	15.88	—	$0
Apr 1994	0	1,129	14.14	—	$0
Mar 1994	0	1,212	12.46	—	$0
Feb 1994	0	1,211	12.50	—	$0
Jan 1994	0	1,542	12.66	—	$0
Dec 1993	0	1,667	12.33	—	$0
Nov 1993	42	1,773	14.49	—	$609
Oct 1993	0	1,565	15.85	—	$0
Sep 1993	0	1,183	15.03	—	$0
Aug 1993	0	1,121	15.66	—	$0
Jul 1993	0	1,446	15.46	—	$0
Jun 1993	0	1,360	16.79	—	$0
May 1993	0	1,254	17.68	—	$0
Apr 1993	0	1,374	18.05	—	$0
Mar 1993	0	1,347	18.14	—	$0
Feb 1993	0	1,206	17.90	—	$0
Jan 1993	0	1,559	16.93	—	$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            10 bbl  × $ 94.73 =       $947
Gas                    0 Mcf  × $  4.73 =         $0

────────────────────────────────────────────────────
Month total                                     $947

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/131894 is the state's own key, not one this site invented.