BRAZOS S.T. 368-L

Name: BRAZOS S.T. 368-L lease production and value, Dec 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by EL PASO PRODUCTION OIL & GAS CO. (P-5 250446) in the BLOCK 368-L (5600) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 171448District 03Field 09571650CondensateGasSave Export

Value, all time

$13.8 M

Dec 1998 – Feb 2006

Value, last 12 filed months

$497

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The BLOCK 368-L (5600) 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

1976-06-02

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 160 acres.

The Commission's schedule remark for this field reads: “FIELD ADMINISTRATIVELY BALANCED EFF 9-1-01 PER OPERATOR REQUEST.”

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	910 bbl	$21,178
Gas	Production	3,969,393 Mcf	$13,744,564
Total			$13,765,742

Every month this lease reported (87)

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

87 months


Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	11	0	45.22	6.65	$497
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
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	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	41	0	26.91	4.85	$1,103
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	223	26.46	4.23	$943
Sep 2002	0	9,251	27.44	3.64	$33,629
Aug 2002	0	13,677	25.96	3.16	$43,276
Jul 2002	72	21,912	24.58	3.06	$68,859
Jun 2002	0	18,682	23.73	3.34	$62,365
May 2002	0	19,946	24.66	3.58	$71,486
Apr 2002	44	26,145	23.65	3.51	$92,870
Mar 2002	0	27,493	22.00	3.10	$85,303
Feb 2002	0	11,330	18.22	2.38	$26,916
Jan 2002	77	9,364	17.17	2.38	$23,568
Dec 2001	0	11,859	16.93	2.36	$28,039
Nov 2001	125	50,771	18.07	2.41	$124,389
Oct 2001	123	55,034	19.78	2.53	$141,607
Sep 2001	0	34,328	24.26	2.25	$77,283
Aug 2001	100	52,883	24.87	3.05	$163,947
Jul 2001	0	59,169	23.93	3.20	$189,168
Jun 2001	0	55,676	24.56	3.82	$212,914
May 2001	0	74,060	25.52	4.31	$319,000
Apr 2001	0	75,195	24.68	5.34	$401,189
Mar 2001	0	75,040	24.54	5.38	$403,448
Feb 2001	0	66,567	27.75	5.77	$383,897
Jan 2001	0	92,823	27.47	8.40	$779,598
Dec 2000	4	82,027	26.88	9.12	$748,399
Nov 2000	8	135,980	32.21	5.66	$769,633
Oct 2000	2	106,277	31.23	5.15	$546,911
Sep 2000	8	102,508	31.87	5.19	$531,913
Aug 2000	7	108,859	29.64	4.54	$494,509
Jul 2000	39	126,818	28.53	4.09	$519,767
Jun 2000	23	130,826	29.30	4.40	$575,949
May 2000	41	124,425	27.26	3.68	$458,971
Apr 2000	13	137,921	24.51	3.12	$430,080
Mar 2000	6	152,104	28.42	2.86	$435,150
Feb 2000	61	121,755	27.62	2.73	$333,650
Jan 2000	0	131,166	25.27	2.48	$325,357
Dec 1999	74	139,907	24.28	2.42	$340,892
Nov 1999	0	143,197	23.19	2.43	$348,540
Oct 1999	0	134,695	20.98	2.80	$377,646
Sep 1999	5	143,968	21.75	2.62	$377,139
Aug 1999	0	143,476	19.26	2.88	$412,580
Jul 1999	16	147,004	17.89	2.37	$349,034
Jun 1999	0	137,925	15.94	2.36	$325,793
May 1999	2	136,716	15.79	2.32	$317,352
Apr 1999	0	136,234	15.10	2.21	$300,811
Mar 1999	0	141,770	12.47	1.84	$260,620
Feb 1999	0	111,373	9.98	1.82	$202,453
Jan 1999	1	117,319	10.38	1.90	$222,911
Dec 1998	7	13,715	9.20	1.77	$24,385

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 2005 — as filed, then multipliedworked

Condensate            11 bbl  × $ 45.22 =       $497
Gas                    0 Mcf  × $  6.65 =         $0

────────────────────────────────────────────────────
Month total                                     $497

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/171448 is the state's own key, not one this site invented.