KELLY "B"

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 150662District 03Field 82265500CondensateGasSaveExport
Value, all time
$182 k
Jul 1994 – Dec 2014
Value, last 12 filed months
$1 k
at the published price for each month
Months reported
246
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
CondensateDisposition1,465 bbl$43,742
GasProduction58,521 Mcf$138,019
Total$181,761

23,611 Mcf of this lease's gas, across 30 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 (246)

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

246 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 201415094.734.73$1,421
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 2012300101.652.00$3,050
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 201105095.723.31$166
Oct 201102784.983.65$99
Sep 201102683.623.99$104
Aug 201102483.404.15$100
Jul 201101894.144.52$81
Jun 201102292.904.64$102
May 2011152398.134.40$1,573
Apr 2011023105.964.33$100
Mar 201101996.364.06$77
Feb 2011131185.644.18$1,159
Jan 201102886.504.59$128
Dec 201003485.734.35$148
Nov 201003180.843.80$118
Oct 201002978.103.51$102
Sep 201003572.633.98$139
Aug 2010282373.684.42$2,165
Jul 201002272.554.74$104
Jun 201001370.364.91$64
May 201002671.124.24$110
Apr 201002481.694.12$99
Mar 201003078.394.39$132
Feb 201003073.585.44$163
Jan 201003974.365.96$233
Dec 200901871.445.48$99
Nov 200902474.593.75$90
Oct 200901872.544.11$74
Sep 200903565.543.06$107
Aug 200903767.423.22$119
Jul 200908561.133.46$294
Jun 20090066.163.90$0
May 20090154.743.93$4
Apr 20090746.773.59$25
Mar 200903842.144.06$154
Feb 200903832.814.63$176
Jan 200905335.865.37$285
Dec 200806237.105.98$371
Nov 200806655.496.86$453
Oct 200801475.246.92$97
Sep 2008035101.767.88$276
Aug 2008026114.228.48$221
Jul 2008238131.0811.39$695
Jun 2008048131.3313.03$626
May 2008093123.1711.57$1,076
Apr 20082793110.3110.45$3,951
Mar 2008021101.909.66$203
Feb 200802792.538.77$237
Jan 20080390.388.21$25
Dec 200706188.337.30$445
Nov 200707491.677.29$540
Oct 200705982.856.92$408
Sep 200705975.846.24$368
Aug 200705269.066.39$332
Jul 200706270.906.39$396
Jun 200702962.007.55$219
May 200703958.747.85$306
Apr 200708159.617.81$632
Mar 2007178156.927.30$1,559
Feb 200706655.108.22$542
Jan 200706750.306.73$451
Dec 200607256.656.92$498
Nov 2006167854.207.62$1,461
Oct 200608154.906.01$487
Sep 2006408860.085.04$2,846
Aug 200607668.717.34$558
Jul 2006012269.376.34$774
Jun 2006014166.286.38$900
May 200601866.016.42$116
Apr 200601464.397.36$103
Mar 200604056.707.08$283
Feb 200607657.597.75$589
Jan 200609060.598.93$804
Dec 200508454.9413.42$1,127
Nov 200506654.6910.59$699
Oct 200509358.3413.80$1,283
Sep 200507261.4512.08$870
Aug 200509961.519.80$970
Jul 2005011055.697.84$863
Jun 20053614152.337.38$2,925
May 2005588245.226.65$3,168
Apr 2005011849.207.36$869
Mar 200508350.377.15$594
Feb 200508345.226.31$524
Jan 20050043.166.32$0
Dec 2004010639.866.75$716
Nov 2004010845.286.33$684
Oct 200407749.706.52$502
Sep 200409543.245.28$502
Aug 2004023642.375.55$1,310
Jul 200407438.286.08$450
Jun 200409236.106.43$592
May 2004022737.486.49$1,474
Apr 2004010334.475.86$603
Mar 2004010734.365.53$592
Feb 2004021232.455.51$1,168
Jan 200408332.036.30$523
Dec 20035823830.266.30$3,255
Nov 2003010728.804.60$492
Oct 200309228.174.76$438
Sep 2003013726.314.75$651
Aug 2003042029.765.13$2,154
Jul 2003012929.415.17$667
Jun 2003013628.565.98$814
May 2003033526.595.97$2,001
Apr 2003014326.675.41$773
Mar 2003014531.146.10$884
Feb 2003014533.487.93$1,149
Jan 2003015430.315.58$860
Dec 2002018626.914.85$903
Nov 2002018224.664.14$753
Oct 200208526.464.23$359
Sep 2002016527.443.64$600
Aug 2002017625.963.16$557
Jul 2002017724.583.06$542
Jun 20025317223.733.34$1,832
May 2002012024.663.58$430
Apr 2002016523.653.51$580
Mar 2002015222.003.10$472
Feb 2002044518.222.38$1,057
Jan 2002050217.172.38$1,193
Dec 2001047516.932.36$1,123
Nov 2001047118.072.41$1,133
Oct 2001049419.782.53$1,249
Sep 2001048624.262.25$1,094
Aug 2001054724.873.05$1,670
Jul 2001049523.933.20$1,583
Jun 2001043724.563.82$1,671
May 2001049725.524.31$2,141
Apr 20016448324.685.34$4,156
Mar 2001048124.545.38$2,586
Feb 2001044127.755.77$2,543
Jan 2001046427.478.40$3,897
Dec 2000042626.889.12$3,886
Nov 2000048232.215.66$2,727
Oct 2000049031.235.15$2,521
Sep 2000043331.875.19$2,246
Aug 2000044129.644.54$2,002
Jul 2000035728.534.09$1,460
Jun 2000028129.304.40$1,236
May 20006630327.263.68$2,914
Apr 2000024524.513.12$763
Mar 2000026228.422.86$749
Feb 2000025527.622.73$695
Jan 2000040925.272.48$1,015
Dec 1999042024.282.42$1,018
Nov 1999045923.192.43$1,117
Oct 1999035420.982.80$993
Sep 1999041421.752.62$1,084
Aug 1999039519.262.88$1,136
Jul 1999029817.892.37$707
Jun 1999033115.942.36$782
May 1999033115.792.32$768
Apr 19996222415.102.21$1,431
Mar 1999031412.471.84$577
Feb 199903319.981.82$602
Jan 1999029510.381.90$560
Dec 199803089.201.77$546
Nov 1998019610.892.19$428
Oct 1998033412.421.97$658
Sep 199808412.592.08$175
Aug 1998154811.301.91$261
Jul 1998641311.742.24$994
Jun 1998529511.242.24$716
May 1998438512.622.21$900
Apr 1998742513.042.51$1,156
Mar 19981948512.802.31$1,363
Feb 1998938313.952.30$1,006
Jan 1998840914.702.15$999
Dec 199714141916.322.41$3,311
Nov 1997652218.193.09$1,721
Oct 19971460519.253.15$2,175
Sep 1997861417.742.95$1,956
Aug 1997960417.862.55$1,704
Jul 19971360117.582.25$1,579
Jun 19971370817.242.26$1,822
May 19971058618.972.31$1,542
Apr 19971328317.882.08$822
Mar 19971040218.951.94$969
Feb 1997842920.492.21$1,110
Jan 19971067923.483.54$2,638
Dec 1996025023.32$0
Nov 199612850721.97$2,812
Oct 1996054523.31$0
Sep 1996084522.22$0
Aug 1996069720.26$0
Jul 199601,37819.55$0
Jun 199601,26318.73$0
May 1996091819.43$0
Apr 1996083321.51$0
Mar 19961781,03519.38$3,450
Feb 1996088516.98$0
Jan 199601,44317.07$0
Dec 199501,32017.19$0
Nov 199501,35916.00$0
Oct 1995781,59515.43$1,204
Sep 19951532,42216.18$2,476
Aug 199501,36815.92$0
Jul 1995056515.24$0
Jun 1995022216.41$0
May 1995028817.56$0
Apr 1995036717.73$0
Mar 1995030016.44$0
Feb 1995028316.58$0
Jan 1995038615.92$0
Dec 1994043715.03$0
Nov 1994042315.90$0
Oct 1994030615.58$0
Sep 1994024615.29$0
Aug 1994058416.13$0
Jul 1994054117.56$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            15 bbl  × $ 94.73 =     $1,421
Gas                    0 Mcf  × $  4.73 =         $0

────────────────────────────────────────────────────
Month total                                   $1,421

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/150662 is the state's own key, not one this site invented.