STATE TRACT 336-L

Name: STATE TRACT 336-L 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 (R-43) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 133123District 03Field 11642500CondensateGasSave Export

Value, all time

$4.0 M

Jan 1993 – Aug 2003

Value, last 12 filed months

$162 k

at the published price for each month

Months reported

128

no gaps in the span

Streams

condensate, gas

The BRAZOS BLOCK 336-L (R-43) 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	1,154 bbl	$19,545
Gas	Production	2,501,498 Mcf	$3,977,931
Total			$3,997,476

1,200,098 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 (128)

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

128 months


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	1,133	26.67	5.41	$6,126
Mar 2003	0	356	31.14	6.10	$2,170
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	439	30.31	5.58	$2,451
Dec 2002	0	1,921	26.91	4.85	$9,324
Nov 2002	0	12,373	24.66	4.14	$51,187
Oct 2002	0	10,057	26.46	4.23	$42,532
Sep 2002	0	13,266	27.44	3.64	$48,225
Aug 2002	0	14,737	25.96	3.16	$46,630
Jul 2002	0	16,020	24.58	3.06	$49,049
Jun 2002	0	7,801	23.73	3.34	$26,042
May 2002	0	16,330	24.66	3.58	$58,527
Apr 2002	0	17,344	23.65	3.51	$60,918
Mar 2002	0	20,326	22.00	3.10	$63,066
Feb 2002	0	17,373	18.22	2.38	$41,273
Jan 2002	0	14,914	17.17	2.38	$35,431
Dec 2001	0	17,897	16.93	2.36	$42,316
Nov 2001	0	12,247	18.07	2.41	$29,460
Oct 2001	0	16,178	19.78	2.53	$40,912
Sep 2001	0	19,182	24.26	2.25	$43,185
Aug 2001	0	20,909	24.87	3.05	$63,839
Jul 2001	0	20,794	23.93	3.20	$66,480
Jun 2001	0	19,579	24.56	3.82	$74,873
May 2001	0	20,238	25.52	4.31	$87,172
Apr 2001	0	20,891	24.68	5.34	$111,460
Mar 2001	0	20,156	24.54	5.38	$108,368
Feb 2001	0	13,737	27.75	5.77	$79,222
Jan 2001	0	18,475	27.47	8.40	$155,167
Dec 2000	0	10,725	26.88	9.12	$97,839
Nov 2000	0	10,491	32.21	5.66	$59,358
Oct 2000	0	19,896	31.23	5.15	$102,375
Sep 2000	0	18,863	31.87	5.19	$97,833
Aug 2000	0	18,642	29.64	4.54	$84,649
Jul 2000	0	19,412	28.53	4.09	$79,390
Jun 2000	0	17,843	29.30	4.40	$78,460
May 2000	0	19,589	27.26	3.68	$72,083
Apr 2000	0	18,402	24.51	3.12	$57,341
Mar 2000	0	20,286	28.42	2.86	$58,013
Feb 2000	0	18,554	27.62	2.73	$50,587
Jan 2000	0	21,583	25.27	2.48	$53,537
Dec 1999	0	19,990	24.28	2.42	$48,450
Nov 1999	0	19,174	23.19	2.43	$46,669
Oct 1999	0	21,337	20.98	2.80	$59,823
Sep 1999	0	19,571	21.75	2.62	$51,254
Aug 1999	0	20,617	19.26	2.88	$59,286
Jul 1999	0	30,177	17.89	2.37	$71,591
Jun 1999	0	22,905	15.94	2.36	$54,104
May 1999	0	23,165	15.79	2.32	$53,766
Apr 1999	0	19,041	15.10	2.21	$42,043
Mar 1999	0	20,099	12.47	1.84	$36,949
Feb 1999	0	18,506	9.98	1.82	$33,640
Jan 1999	0	21,768	10.38	1.90	$41,358
Dec 1998	0	24,333	9.20	1.77	$43,150
Nov 1998	0	23,492	10.89	2.19	$51,347
Oct 1998	0	22,285	12.42	1.97	$43,884
Sep 1998	0	19,024	12.59	2.08	$39,620
Aug 1998	0	18,046	11.30	1.91	$34,420
Jul 1998	0	16,055	11.74	2.24	$35,919
Jun 1998	0	16,423	11.24	2.24	$36,743
May 1998	0	16,322	12.62	2.21	$36,012
Apr 1998	0	16,455	13.04	2.51	$41,225
Mar 1998	0	16,568	12.80	2.31	$38,263
Feb 1998	0	16,795	13.95	2.30	$38,614
Jan 1998	0	18,596	14.70	2.15	$40,070
Dec 1997	0	24,782	16.32	2.41	$59,752
Nov 1997	0	16,928	18.19	3.09	$52,278
Oct 1997	0	15,757	19.25	3.15	$49,632
Sep 1997	0	16,124	17.74	2.95	$47,644
Aug 1997	0	16,968	17.86	2.55	$43,349
Jul 1997	0	19,919	17.58	2.25	$44,757
Jun 1997	0	18,993	17.24	2.26	$42,871
May 1997	0	19,506	18.97	2.31	$45,030
Apr 1997	0	19,012	17.88	2.08	$39,598
Mar 1997	0	19,910	18.95	1.94	$38,608
Feb 1997	0	15,212	20.49	2.21	$33,556
Jan 1997	0	18,586	23.48	3.54	$65,789
Dec 1996	0	17,665	23.32	—	$0
Nov 1996	0	18,070	21.97	—	$0
Oct 1996	0	19,631	23.31	—	$0
Sep 1996	0	22,311	22.22	—	$0
Aug 1996	0	20,036	20.26	—	$0
Jul 1996	0	20,001	19.55	—	$0
Jun 1996	0	19,076	18.73	—	$0
May 1996	0	19,712	19.43	—	$0
Apr 1996	2	18,710	21.51	—	$43
Mar 1996	12	19,110	19.38	—	$233
Feb 1996	13	17,402	16.98	—	$221
Jan 1996	12	19,286	17.07	—	$205
Dec 1995	12	17,276	17.19	—	$206
Nov 1995	12	15,847	16.00	—	$192
Oct 1995	13	18,381	15.43	—	$201
Sep 1995	10	19,583	16.18	—	$162
Aug 1995	16	22,618	15.92	—	$255
Jul 1995	17	23,780	15.24	—	$259
Jun 1995	53	24,755	16.41	—	$870
May 1995	151	26,173	17.56	—	$2,652
Apr 1995	369	24,944	17.73	—	$6,542
Mar 1995	135	20,317	16.44	—	$2,219
Feb 1995	106	24,267	16.58	—	$1,757
Jan 1995	4	26,162	15.92	—	$64
Dec 1994	0	24,946	15.03	—	$0
Nov 1994	6	25,093	15.90	—	$95
Oct 1994	60	27,739	15.58	—	$935
Sep 1994	54	26,763	15.29	—	$826
Aug 1994	66	26,875	16.13	—	$1,065
Jul 1994	31	34,573	17.56	—	$544
Jun 1994	0	27,300	17.09	—	$0
May 1994	0	28,032	15.88	—	$0
Apr 1994	0	29,550	14.14	—	$0
Mar 1994	0	32,538	12.46	—	$0
Feb 1994	0	30,625	12.50	—	$0
Jan 1994	0	38,266	12.66	—	$0
Dec 1993	0	38,029	12.33	—	$0
Nov 1993	0	33,415	14.49	—	$0
Oct 1993	0	30,903	15.85	—	$0
Sep 1993	0	30,556	15.03	—	$0
Aug 1993	0	28,709	15.66	—	$0
Jul 1993	0	28,672	15.46	—	$0
Jun 1993	0	24,749	16.79	—	$0
May 1993	0	25,972	17.68	—	$0
Apr 1993	0	25,360	18.05	—	$0
Mar 1993	0	26,445	18.14	—	$0
Feb 1993	0	26,150	17.90	—	$0
Jan 1993	0	33,725	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                1,133 Mcf  × $  5.41 =     $6,126

────────────────────────────────────────────────────
Month total                                   $6,126

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/133123 is the state's own key, not one this site invented.