LIBERTY, 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 133664District 03Field 82265500CondensateGasSaveExport
Value, all time
$184 k
Jan 1993 – Dec 2014
Value, last 12 filed months
$1 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
CondensateDisposition217 bbl$6,592
GasProduction115,433 Mcf$177,414
Total$184,006

72,282 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 201414094.734.73$1,326
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 2008077131.0811.39$877
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 2005013355.697.84$1,043
Jun 20052714152.337.38$2,454
May 20051210745.226.65$1,254
Apr 2005015849.207.36$1,163
Mar 2005015150.377.15$1,080
Feb 2005015145.226.31$953
Jan 20050043.166.32$0
Dec 2004016839.866.75$1,134
Nov 2004018945.286.33$1,196
Oct 2004019849.706.52$1,290
Sep 2004018443.245.28$972
Aug 2004019342.375.55$1,071
Jul 200405238.286.08$316
Jun 2004022136.106.43$1,422
May 2004023237.486.49$1,507
Apr 2004023434.475.86$1,371
Mar 2004024634.365.53$1,360
Feb 2004020832.455.51$1,146
Jan 2004023032.036.30$1,449
Dec 2003024230.266.30$1,525
Nov 2003024028.804.60$1,103
Oct 2003024228.174.76$1,152
Sep 2003026426.314.75$1,254
Aug 2003037129.765.13$1,903
Jul 2003026429.415.17$1,365
Jun 2003031828.565.98$1,903
May 2003031826.595.97$1,899
Apr 2003022426.675.41$1,211
Mar 2003026531.146.10$1,615
Feb 2003020733.487.93$1,641
Jan 2003028230.315.58$1,574
Dec 2002027426.914.85$1,330
Nov 2002031724.664.14$1,311
Oct 2002037526.464.23$1,586
Sep 2002029227.443.64$1,061
Aug 20027726925.963.16$2,850
Jul 2002027824.583.06$851
Jun 2002028523.733.34$951
May 2002030524.663.58$1,093
Apr 2002028323.653.51$994
Mar 2002033222.003.10$1,030
Feb 2002026418.222.38$627
Jan 2002026017.172.38$618
Dec 2001028616.932.36$676
Nov 2001027318.072.41$657
Oct 2001031419.782.53$794
Sep 2001031724.262.25$714
Aug 2001033224.873.05$1,014
Jul 2001031223.933.20$997
Jun 2001027124.563.82$1,036
May 2001033325.524.31$1,434
Apr 2001031824.685.34$1,697
Mar 2001032424.545.38$1,742
Feb 2001031627.755.77$1,822
Jan 2001033127.478.40$2,780
Dec 2000036826.889.12$3,357
Nov 2000034432.215.66$1,946
Oct 2000038231.235.15$1,966
Sep 2000038031.875.19$1,971
Aug 2000035329.644.54$1,603
Jul 2000033528.534.09$1,370
Jun 2000032129.304.40$1,412
May 2000033027.263.68$1,214
Apr 2000037424.513.12$1,165
Mar 2000044528.422.86$1,273
Feb 2000035827.622.73$976
Jan 2000040125.272.48$995
Dec 1999043124.282.42$1,045
Nov 1999028323.192.43$689
Oct 1999043520.982.80$1,220
Sep 1999034221.752.62$896
Aug 1999037419.262.88$1,075
Jul 1999034417.892.37$816
Jun 1999039115.942.36$924
May 1999047515.792.32$1,102
Apr 1999050415.102.21$1,113
Mar 19991650612.471.84$1,130
Feb 199905059.981.82$918
Jan 1999036910.381.90$701
Dec 199805109.201.77$904
Nov 1998053410.892.19$1,167
Oct 1998046312.421.97$912
Sep 1998042312.592.08$881
Aug 1998053211.301.91$1,015
Jul 1998049411.742.24$1,105
Jun 1998051311.242.24$1,148
May 1998060012.622.21$1,324
Apr 1998049513.042.51$1,240
Mar 1998058712.802.31$1,356
Feb 1998044213.952.30$1,016
Jan 1998057014.702.15$1,228
Dec 1997057216.322.41$1,379
Nov 1997062418.193.09$1,927
Oct 1997052419.253.15$1,651
Sep 1997056917.742.95$1,681
Aug 1997065117.862.55$1,663
Jul 1997070117.582.25$1,575
Jun 1997065217.242.26$1,472
May 1997074218.972.31$1,713
Apr 1997062717.882.08$1,306
Mar 1997066518.951.94$1,290
Feb 1997061120.492.21$1,348
Jan 1997070323.483.54$2,488
Dec 1996079023.32$0
Nov 1996064321.97$0
Oct 1996074823.31$0
Sep 1996065522.22$0
Aug 1996070720.26$0
Jul 1996077819.55$0
Jun 1996089018.73$0
May 199601,43319.43$0
Apr 199601,15621.51$0
Mar 199601,43719.38$0
Feb 199601,24616.98$0
Jan 199601,25917.07$0
Dec 199501,00717.19$0
Nov 199501,38416.00$0
Oct 199501,51015.43$0
Sep 199501,65216.18$0
Aug 199501,56515.92$0
Jul 199501,64215.24$0
Jun 1995093616.41$0
May 199501,14417.56$0
Apr 199501,05717.73$0
Mar 199501,42616.44$0
Feb 199501,45716.58$0
Jan 199501,62015.92$0
Dec 199401,40315.03$0
Nov 1994601,27415.90$954
Oct 1994096415.58$0
Sep 199401,30415.29$0
Aug 199401,48716.13$0
Jul 199401,91517.56$0
Jun 199401,48917.09$0
May 199401,45015.88$0
Apr 199401,48014.14$0
Mar 199402,17512.46$0
Feb 199441,73012.50$50
Jan 199401,91412.66$0
Dec 199302,37312.33$0
Nov 199302,70714.49$0
Oct 199302,33515.85$0
Sep 199302,60715.03$0
Aug 199302,70215.66$0
Jul 199371,95215.46$108
Jun 199301,55116.79$0
May 199301,82117.68$0
Apr 199301,80718.05$0
Mar 199301,50518.14$0
Feb 199301,86817.90$0
Jan 199302,32716.93$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            14 bbl  × $ 94.73 =     $1,326
Gas                    0 Mcf  × $  4.73 =         $0

────────────────────────────────────────────────────
Month total                                   $1,326

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/133664 is the state's own key, not one this site invented.