HI 11-L (TX S/L M-97275)

Operated by EL PASO PRODUCTION GOM INC. (P-5 250444) in the HIGH ISLAND BLK 11L (LENT\HAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 170759District 03Field 41159240CondensateGasSaveExport
Value, all time
$2.9 M
Jul 1997 – Feb 2000
Value, last 12 filed months
$0
at the published price for each month
Months reported
32
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
1997-07-23
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1998-01-13.

The Commission's schedule remark for this field reads: #2.

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
CondensateDisposition4,737 bbl$80,483
GasProduction1,084,588 Mcf$2,798,063
Total$2,878,546

Every month this lease reported (32)

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

32 months

Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 1998413411.742.24$347
Jun 19981219,80511.242.24$44,444
May 19984824,25212.622.21$54,114
Apr 199833670,47213.042.51$180,937
Mar 1998218116,82012.802.31$272,579
Feb 1998230144,15113.952.30$334,630
Jan 1998889,17714.702.15$21,068
Dec 199718041,27816.322.41$102,463
Nov 199737857,78718.193.09$185,337
Oct 199732579,26419.253.15$255,924
Sep 1997830172,90417.742.95$525,635
Aug 19971,860262,12917.862.55$702,891
Jul 199722886,41517.582.25$198,178

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.

Jul 1998 — as filed, then multipliedworked
Condensate             4 bbl  × $ 11.74 =        $47
Gas                  134 Mcf  × $  2.24 =       $300

────────────────────────────────────────────────────
Month total                                     $347

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/170759 is the state's own key, not one this site invented.