S. T. 310-L S/2 NE/4

Operated by WALTER OIL & GAS CORPORATION (P-5 895237) in the CYCLONE (ROB 43 6350 RES. A) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 160339District 03Field 22423365CondensateGasSaveExport
Value, all time
$17.1 M
Jun 1996 – Aug 2011
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
183
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 other leases, and the rule below applies to all of them.

Discovered
1996-05-15
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: AOF-1 AND AOF-2 EFFECTIVE 07/01/97.

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
CondensateDisposition14,475 bbl$293,136
GasProduction6,042,488 Mcf$16,851,403
Total$17,144,538

502,290 Mcf of this lease's gas, across 5 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 (183)

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

183 months

Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20111092.904.64$93
May 20110098.134.40$0
Apr 20112243105.964.33$1,265
Mar 2011025496.364.06$1,031
Feb 2011027385.644.18$1,141
Jan 2011029386.504.59$1,345
Dec 2010029285.734.35$1,270
Nov 2010028180.843.80$1,066
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 2010018073.684.42$795
Jul 2010029172.554.74$1,378
Jun 2010033170.364.91$1,625
May 2010043371.124.24$1,834
Apr 2010049481.694.12$2,037
Mar 2010043078.394.39$1,887
Feb 2010039273.585.44$2,133
Jan 2010028474.365.96$1,694
Dec 2009031971.445.48$1,749
Nov 2009031574.593.75$1,182
Oct 2009054272.544.11$2,228
Sep 2009058465.543.06$1,790
Aug 2009084367.423.22$2,713
Jul 2009071861.133.46$2,488
Jun 2009026666.163.90$1,036
May 2009024954.743.93$978
Apr 2009059146.773.59$2,120
Mar 2009093742.144.06$3,803
Feb 2009084332.814.63$3,906
Jan 2009079435.865.37$4,265
Dec 200801437.105.98$84
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 20080160101.767.88$1,260
Aug 20080254114.228.48$2,155
Jul 20080443131.0811.39$5,046
Jun 20080416131.3313.03$5,422
May 2008026123.1711.57$301
Apr 20080312110.3110.45$3,262
Mar 20080566101.909.66$5,470
Feb 2008039492.538.77$3,456
Jan 2008037790.388.21$3,094
Dec 2007036988.337.30$2,694
Nov 2007029691.677.29$2,158
Oct 2007033582.856.92$2,319
Sep 2007032575.846.24$2,029
Aug 2007034369.066.39$2,191
Jul 2007072970.906.39$4,657
Jun 2007087562.007.55$6,605
May 200701,72958.747.85$13,566
Apr 200701,54259.617.81$12,036
Mar 2007048556.927.30$3,541
Feb 2007028055.108.22$2,300
Jan 2007026450.306.73$1,776
Dec 2006047856.656.92$3,307
Nov 2006044854.207.62$3,413
Oct 2006061054.906.01$3,668
Sep 2006051860.085.04$2,609
Aug 2006056168.717.34$4,118
Jul 2006071069.376.34$4,503
Jun 2006055966.286.38$3,569
May 2006255966.016.42$3,724
Apr 2006285864.397.36$6,444
Mar 200641,42656.707.08$10,327
Feb 200611,32757.597.75$10,343
Jan 200631,47160.598.93$13,323
Dec 200531,02254.9413.42$13,875
Nov 2005250154.6910.59$5,414
Oct 2005260158.3413.80$8,408
Sep 2005346461.4512.08$5,789
Aug 2005746761.519.80$5,006
Jul 20051564155.697.84$5,863
Jun 20051563552.337.38$5,472
May 2005471745.226.65$4,950
Apr 200531,00149.207.36$7,515
Mar 200501,48250.377.15$10,604
Feb 200501,34845.226.31$8,508
Jan 200511,53043.166.32$9,716
Dec 2004131,40339.866.75$9,990
Nov 2004191,29545.286.33$9,058
Oct 2004181,52949.706.52$10,856
Sep 2004112,61843.245.28$14,309
Aug 2004134,57242.375.55$25,928
Jul 2004333,57238.286.08$22,996
Jun 2004202,31936.106.43$15,640
May 2004281,57537.486.49$11,278
Apr 2004352,16534.475.86$13,890
Mar 2004212,28334.365.53$13,347
Feb 2004233,38732.455.51$19,407
Jan 2004243,45832.036.30$22,553
Dec 2003261,35030.266.30$9,294
Nov 2003201,21928.804.60$6,178
Oct 2003251,50128.174.76$7,848
Sep 2003191,46326.314.75$7,448
Aug 2003231,43429.765.13$8,041
Jul 2003251,61429.415.17$9,081
Jun 2003212,92528.565.98$18,100
May 2003303,11426.595.97$19,397
Apr 2003263,28826.675.41$18,473
Mar 2003303,98431.146.10$25,221
Feb 20031917,74633.487.93$141,289
Jan 20031919,26330.315.58$108,103
Dec 20022716,84026.914.85$82,464
Nov 20023814,21624.664.14$59,748
Oct 20025128,48626.464.23$121,820
Sep 20028834,16827.443.64$126,622
Aug 20025932,96025.963.16$105,822
Jul 20025738,78624.583.06$120,154
Jun 20025237,59323.733.34$126,728
May 20027840,68824.663.58$147,749
Apr 20027243,18523.653.51$153,382
Mar 20026945,46722.003.10$142,589
Feb 20028542,13218.222.38$101,641
Jan 20026343,87517.172.38$105,315
Dec 20016039,01316.932.36$93,258
Nov 20016645,74118.072.41$111,224
Oct 20017044,42019.782.53$113,717
Sep 20016946,31724.262.25$105,948
Aug 20015451,94924.873.05$159,952
Jul 20016352,35923.933.20$168,904
Jun 20018156,03224.563.82$216,265
May 20019054,81725.524.31$238,411
Apr 200139853,58924.685.34$295,737
Mar 200119358,27424.545.38$318,043
Feb 20017049,88427.755.77$289,628
Jan 20017965,43127.478.40$551,709
Dec 20006365,33126.889.12$597,675
Nov 20005165,41432.215.66$371,755
Oct 20005157,32031.235.15$296,533
Sep 20005348,31331.875.19$252,264
Aug 200021874,84129.644.54$346,296
Jul 200022676,37228.534.09$318,790
Jun 200044074,03029.304.40$338,420
May 200029086,22327.263.68$325,184
Apr 200015080,72424.513.12$255,212
Mar 200018587,43728.422.86$255,306
Feb 2000075,14027.622.73$204,869
Jan 2000087,02925.272.48$215,875
Dec 1999086,38324.282.42$209,368
Nov 199914546,54623.192.43$116,655
Oct 199910846,41820.982.80$132,408
Sep 199910267,50721.752.62$179,009
Aug 1999064,48119.262.88$185,422
Jul 199916363,51217.892.37$153,590
Jun 1999063,09015.942.36$149,025
May 1999069,13915.792.32$160,473
Apr 1999069,69415.102.21$153,888
Mar 1999071,66212.471.84$131,738
Feb 1999071,2389.981.82$129,496
Jan 1999082,01810.381.90$155,830
Dec 199817469,8109.201.77$125,396
Nov 199891979,75710.892.19$184,334
Oct 199872786,23312.421.97$178,840
Sep 1998085,58812.592.08$178,247
Aug 199883100,32411.301.91$192,291
Jul 1998329102,35611.742.24$232,860
Jun 1998611100,96011.242.24$232,742
May 1998296112,56212.622.21$252,086
Apr 1998254112,64113.042.51$285,515
Mar 1998258114,64712.802.31$268,073
Feb 199889112,38113.952.30$259,620
Jan 1998275127,79114.702.15$279,405
Dec 1997262123,37416.322.41$301,743
Nov 1997221122,63018.193.09$382,733
Oct 199710291,29719.253.15$289,533
Sep 1997108113,16317.742.95$336,299
Aug 1997214136,32617.862.55$352,100
Jul 19973115,86317.582.25$260,390
Jun 19971985,80417.242.26$194,004
May 1997503131,42518.972.31$312,937
Apr 1997416127,92217.882.08$273,871
Mar 1997618146,34718.951.94$295,498
Feb 1997418141,17120.492.21$319,974
Jan 1997724152,72523.483.54$557,600
Dec 1996679161,43623.32$15,834
Nov 19961,285160,17221.97$28,231
Oct 19960173,25323.31$0
Sep 199606,42122.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 199601,00818.73$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.

Jun 2011 — as filed, then multipliedworked
Condensate             1 bbl  × $ 92.90 =        $93
Gas                    0 Mcf  × $  4.64 =         $0

────────────────────────────────────────────────────
Month total                                      $93

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/160339 is the state's own key, not one this site invented.