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

Gas lease lease 133576District 03Field 11642500CondensateGasSave Export

Value, all time

$208 k

Jan 1993 – Aug 2003

Value, last 12 filed months

$14 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	883 bbl	$13,441
Gas	Production	1,159,624 Mcf	$194,202
Total			$207,642

1,102,284 Mcf of this lease's gas, across 46 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	288	26.67	5.41	$1,557
Mar 2003	0	36	31.14	6.10	$219
Feb 2003	0	182	33.48	7.93	$1,443
Jan 2003	0	232	30.31	5.58	$1,295
Dec 2002	0	146	26.91	4.85	$709
Nov 2002	0	839	24.66	4.14	$3,471
Oct 2002	0	631	26.46	4.23	$2,669
Sep 2002	0	811	27.44	3.64	$2,948
Aug 2002	0	644	25.96	3.16	$2,038
Jul 2002	0	364	24.58	3.06	$1,114
Jun 2002	0	345	23.73	3.34	$1,152
May 2002	0	348	24.66	3.58	$1,247
Apr 2002	0	613	23.65	3.51	$2,153
Mar 2002	0	565	22.00	3.10	$1,753
Feb 2002	0	494	18.22	2.38	$1,174
Jan 2002	0	643	17.17	2.38	$1,528
Dec 2001	0	973	16.93	2.36	$2,301
Nov 2001	0	651	18.07	2.41	$1,566
Oct 2001	0	719	19.78	2.53	$1,818
Sep 2001	0	794	24.26	2.25	$1,788
Aug 2001	0	1,126	24.87	3.05	$3,438
Jul 2001	0	1,038	23.93	3.20	$3,319
Jun 2001	0	1,140	24.56	3.82	$4,360
May 2001	0	1,122	25.52	4.31	$4,833
Apr 2001	0	1,186	24.68	5.34	$6,328
Mar 2001	0	1,341	24.54	5.38	$7,210
Feb 2001	0	1,164	27.75	5.77	$6,713
Jan 2001	0	1,389	27.47	8.40	$11,666
Dec 2000	0	729	26.88	9.12	$6,650
Nov 2000	0	776	32.21	5.66	$4,391
Oct 2000	0	1,392	31.23	5.15	$7,163
Sep 2000	0	1,274	31.87	5.19	$6,608
Aug 2000	0	1,257	29.64	4.54	$5,708
Jul 2000	0	1,135	28.53	4.09	$4,642
Jun 2000	0	1,066	29.30	4.40	$4,687
May 2000	0	919	27.26	3.68	$3,382
Apr 2000	0	1,177	24.51	3.12	$3,668
Mar 2000	0	1,300	28.42	2.86	$3,718
Feb 2000	0	1,690	27.62	2.73	$4,608
Jan 2000	0	1,930	25.27	2.48	$4,787
Dec 1999	0	1,493	24.28	2.42	$3,619
Nov 1999	0	1,607	23.19	2.43	$3,911
Oct 1999	0	1,669	20.98	2.80	$4,679
Sep 1999	0	1,411	21.75	2.62	$3,695
Aug 1999	0	1,575	19.26	2.88	$4,529
Jul 1999	7	1,185	17.89	2.37	$2,936
Jun 1999	0	0	15.94	2.36	$0
May 1999	35	1,470	15.79	2.32	$3,965
Apr 1999	9	39	15.10	2.21	$222
Mar 1999	29	1,402	12.47	1.84	$2,939
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	114	1,424	10.38	1.90	$3,889
Dec 1998	19	1,993	9.20	1.77	$3,709
Nov 1998	0	1,139	10.89	2.19	$2,490
Oct 1998	0	535	12.42	1.97	$1,054
Sep 1998	12	392	12.59	2.08	$967
Aug 1998	53	1,029	11.30	1.91	$2,562
Jul 1998	78	805	11.74	2.24	$2,717
Jun 1998	28	611	11.24	2.24	$1,682
May 1998	0	0	12.62	2.21	$0
Apr 1998	16	1,007	13.04	2.51	$2,732
Mar 1998	40	1,788	12.80	2.31	$4,641
Feb 1998	12	297	13.95	2.30	$850
Jan 1998	0	0	14.70	2.15	$0
Dec 1997	0	0	16.32	2.41	$0
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	0	0	19.25	3.15	$0
Sep 1997	0	0	17.74	2.95	$0
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	0	17.58	2.25	$0
Jun 1997	0	0	17.24	2.26	$0
May 1997	0	0	18.97	2.31	$0
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	0	0	18.95	1.94	$0
Feb 1997	0	0	20.49	2.21	$0
Jan 1997	0	0	23.48	3.54	$0
Dec 1996	0	0	23.32	—	$0
Nov 1996	3	129	21.97	—	$66
Oct 1996	0	0	23.31	—	$0
Sep 1996	25	8,398	22.22	—	$556
Aug 1996	44	8,251	20.26	—	$891
Jul 1996	43	9,114	19.55	—	$841
Jun 1996	48	9,536	18.73	—	$899
May 1996	41	9,539	19.43	—	$797
Apr 1996	45	11,182	21.51	—	$968
Mar 1996	14	14,298	19.38	—	$271
Feb 1996	15	12,333	16.98	—	$255
Jan 1996	15	14,457	17.07	—	$256
Dec 1995	14	18,615	17.19	—	$241
Nov 1995	15	17,953	16.00	—	$240
Oct 1995	15	18,483	15.43	—	$231
Sep 1995	12	20,175	16.18	—	$194
Aug 1995	18	21,615	15.92	—	$287
Jul 1995	20	21,356	15.24	—	$305
Jun 1995	16	21,852	16.41	—	$263
May 1995	0	23,433	17.56	—	$0
Apr 1995	0	21,253	17.73	—	$0
Mar 1995	0	15,326	16.44	—	$0
Feb 1995	0	15,405	16.58	—	$0
Jan 1995	0	26,568	15.92	—	$0
Dec 1994	0	30,123	15.03	—	$0
Nov 1994	0	30,072	15.90	—	$0
Oct 1994	0	31,907	15.58	—	$0
Sep 1994	0	30,987	15.29	—	$0
Aug 1994	0	26,197	16.13	—	$0
Jul 1994	0	268	17.56	—	$0
Jun 1994	0	23,712	17.09	—	$0
May 1994	0	30,243	15.88	—	$0
Apr 1994	0	34,875	14.14	—	$0
Mar 1994	0	36,113	12.46	—	$0
Feb 1994	0	34,458	12.50	—	$0
Jan 1994	0	36,258	12.66	—	$0
Dec 1993	0	33,528	12.33	—	$0
Nov 1993	1	33,944	14.49	—	$14
Oct 1993	0	35,170	15.85	—	$0
Sep 1993	0	36,250	15.03	—	$0
Aug 1993	0	32,794	15.66	—	$0
Jul 1993	0	39,703	15.46	—	$0
Jun 1993	0	29,423	16.79	—	$0
May 1993	0	35,415	17.68	—	$0
Apr 1993	0	34,797	18.05	—	$0
Mar 1993	0	32,084	18.14	—	$0
Feb 1993	8	37,531	17.90	—	$143
Jan 1993	19	37,161	16.93	—	$322

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                  288 Mcf  × $  5.41 =     $1,557

────────────────────────────────────────────────────
Month total                                   $1,557

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/133576 is the state's own key, not one this site invented.