STATE TRACT 336-L SE/4

Name: STATE TRACT 336-L SE/4 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FAIRWAYS SPEC. SALES & SERV INC (P-5 259790) in the BRAZOS BLOCK 336-L (C-54) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 132512District 03Field 11642300CondensateGasSave Export

Value, all time

$3.5 M

Jan 1993 – Oct 2003

Value, last 12 filed months

$16 k

at the published price for each month

Months reported

130

no gaps in the span

Streams

condensate, gas

The BRAZOS BLOCK 336-L (C-54) 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 other leases, and the rule below applies to all of them.

Discovered

1989-08-12

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST, EFF 7-1-93.”

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	1,139 bbl	$22,185
Gas	Production	3,836,427 Mcf	$3,447,667
Total			$3,469,852

2,468,231 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 (130)

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

130 months


Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	1,436	26.67	5.41	$7,765
Mar 2003	0	23	31.14	6.10	$140
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	579	26.91	4.85	$2,810
Nov 2002	0	1,170	24.66	4.14	$4,840
Oct 2002	0	25	26.46	4.23	$106
Sep 2002	0	2,033	27.44	3.64	$7,390
Aug 2002	0	495	25.96	3.16	$1,566
Jul 2002	0	1,577	24.58	3.06	$4,828
Jun 2002	0	3,447	23.73	3.34	$11,507
May 2002	0	36	24.66	3.58	$129
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	1,541	22.00	3.10	$4,781
Feb 2002	0	1,480	18.22	2.38	$3,516
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	56	16.93	2.36	$132
Nov 2001	0	73	18.07	2.41	$176
Oct 2001	0	377	19.78	2.53	$953
Sep 2001	0	435	24.26	2.25	$979
Aug 2001	0	701	24.87	3.05	$2,140
Jul 2001	0	564	23.93	3.20	$1,803
Jun 2001	11	1,206	24.56	3.82	$4,882
May 2001	0	1,071	25.52	4.31	$4,613
Apr 2001	16	6,091	24.68	5.34	$32,892
Mar 2001	0	6,620	24.54	5.38	$35,592
Feb 2001	15	3,556	27.75	5.77	$20,924
Jan 2001	0	689	27.47	8.40	$5,787
Dec 2000	0	806	26.88	9.12	$7,353
Nov 2000	22	4,381	32.21	5.66	$25,496
Oct 2000	17	10,534	31.23	5.15	$54,734
Sep 2000	0	11,606	31.87	5.19	$60,195
Aug 2000	0	8,343	29.64	4.54	$37,883
Jul 2000	5	11,196	28.53	4.09	$45,931
Jun 2000	0	8,525	29.30	4.40	$37,487
May 2000	7	10,708	27.26	3.68	$39,594
Apr 2000	109	11,833	24.51	3.12	$39,543
Mar 2000	26	11,284	28.42	2.86	$33,008
Feb 2000	15	9,641	27.62	2.73	$26,700
Jan 2000	48	11,608	25.27	2.48	$30,007
Dec 1999	100	18,666	24.28	2.42	$47,669
Nov 1999	80	20,998	23.19	2.43	$52,964
Oct 1999	40	22,630	20.98	2.80	$64,287
Sep 1999	18	25,006	21.75	2.62	$65,878
Aug 1999	18	28,262	19.26	2.88	$81,617
Jul 1999	5	18,295	17.89	2.37	$43,492
Jun 1999	32	31,750	15.94	2.36	$75,507
May 1999	3	33,537	15.79	2.32	$77,887
Apr 1999	2	31,940	15.10	2.21	$70,555
Mar 1999	3	34,758	12.47	1.84	$63,934
Feb 1999	61	32,844	9.98	1.82	$60,312
Jan 1999	7	36,197	10.38	1.90	$68,845
Dec 1998	1	36,632	9.20	1.77	$64,969
Nov 1998	0	35,853	10.89	2.19	$78,365
Oct 1998	1	37,196	12.42	1.97	$73,259
Sep 1998	59	36,289	12.59	2.08	$76,319
Aug 1998	3	36,154	11.30	1.91	$68,992
Jul 1998	5	38,340	11.74	2.24	$85,836
Jun 1998	58	36,174	11.24	2.24	$81,583
May 1998	74	33,783	12.62	2.21	$75,471
Apr 1998	1	32,860	13.04	2.51	$82,338
Mar 1998	3	35,173	12.80	2.31	$81,268
Feb 1998	3	32,700	13.95	2.30	$75,223
Jan 1998	3	35,853	14.70	2.15	$77,300
Dec 1997	3	46,378	16.32	2.41	$111,871
Nov 1997	3	33,672	18.19	3.09	$104,042
Oct 1997	3	37,258	19.25	3.15	$117,414
Sep 1997	3	37,366	17.74	2.95	$110,465
Aug 1997	3	38,195	17.86	2.55	$97,632
Jul 1997	3	37,664	17.58	2.25	$84,681
Jun 1997	3	36,808	17.24	2.26	$83,135
May 1997	2	39,658	18.97	2.31	$91,588
Apr 1997	2	39,596	17.88	2.08	$82,506
Mar 1997	2	43,070	18.95	1.94	$83,557
Feb 1997	2	33,150	20.49	2.21	$73,167
Jan 1997	2	37,745	23.48	3.54	$133,653
Dec 1996	1	36,649	23.32	—	$23
Nov 1996	2	38,977	21.97	—	$44
Oct 1996	2	41,550	23.31	—	$47
Sep 1996	2	39,428	22.22	—	$44
Aug 1996	3	43,621	20.26	—	$61
Jul 1996	3	46,183	19.55	—	$59
Jun 1996	4	45,248	18.73	—	$75
May 1996	10	45,952	19.43	—	$194
Apr 1996	14	45,278	21.51	—	$301
Mar 1996	16	49,021	19.38	—	$310
Feb 1996	17	47,038	16.98	—	$289
Jan 1996	17	50,642	17.07	—	$290
Dec 1995	16	50,825	17.19	—	$275
Nov 1995	17	46,331	16.00	—	$272
Oct 1995	16	46,206	15.43	—	$247
Sep 1995	14	41,496	16.18	—	$227
Aug 1995	21	47,900	15.92	—	$334
Jul 1995	23	44,325	15.24	—	$351
Jun 1995	5	44,514	16.41	—	$82
May 1995	3	46,891	17.56	—	$53
Apr 1995	9	36,220	17.73	—	$160
Mar 1995	3	33,514	16.44	—	$49
Feb 1995	2	36,339	16.58	—	$33
Jan 1995	3	42,597	15.92	—	$48
Dec 1994	3	47,431	15.03	—	$45
Nov 1994	4	42,932	15.90	—	$64
Oct 1994	4	49,820	15.58	—	$62
Sep 1994	3	50,792	15.29	—	$46
Aug 1994	0	51,271	16.13	—	$0
Jul 1994	0	22,552	17.56	—	$0
Jun 1994	0	61,252	17.09	—	$0
May 1994	0	64,776	15.88	—	$0
Apr 1994	0	61,971	14.14	—	$0
Mar 1994	0	64,528	12.46	—	$0
Feb 1994	0	60,222	12.50	—	$0
Jan 1994	0	71,564	12.66	—	$0
Dec 1993	0	72,164	12.33	—	$0
Nov 1993	0	67,645	14.49	—	$0
Oct 1993	0	56,828	15.85	—	$0
Sep 1993	0	54,266	15.03	—	$0
Aug 1993	0	57,711	15.66	—	$0
Jul 1993	0	59,635	15.46	—	$0
Jun 1993	0	61,917	16.79	—	$0
May 1993	0	66,667	17.68	—	$0
Apr 1993	0	61,291	18.05	—	$0
Mar 1993	0	67,621	18.14	—	$0
Feb 1993	0	65,339	17.90	—	$0
Jan 1993	0	81,291	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.

Apr 2003 — as filed, then multipliedworked

Condensate             0 bbl  × $ 26.67 =         $0
Gas                1,436 Mcf  × $  5.41 =     $7,765

────────────────────────────────────────────────────
Month total                                   $7,765

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/132512 is the state's own key, not one this site invented.