S.T. 307-L S/2 SE/4

Operated by SENECA RESOURCES CORPORATION (P-5 767060) in the CYCLONE (ROB CHAMBERSI 3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 183750District 03Field 22423360CondensateGasSaveExport
Value, all time
$54.2 M
Mar 2001 – May 2009
Value, last 12 filed months
$0
at the published price for each month
Months reported
99
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
2001-03-18
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: 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.

StreamBasisVolumeValue
CondensateDisposition118,601 bbl$3,455,642
GasProduction9,992,597 Mcf$50,694,970
Total$54,150,612

Every month this lease reported (99)

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

99 months

May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 200719055.108.22$1,047
Jan 2007151750.306.73$869
Dec 2006391,05456.656.92$9,501
Nov 2006412,04454.207.62$17,792
Oct 2006485754.906.01$5,373
Sep 200652,34160.085.04$12,092
Aug 200615068.717.34$1,031
Jul 2006231,60669.376.34$11,782
Jun 20064010366.286.38$3,309
May 200625320,39566.016.42$147,738
Apr 200626942,74464.397.36$331,937
Mar 200648240,31856.707.08$312,899
Feb 200622545,47457.597.75$365,432
Jan 200646351,87360.598.93$491,451
Dec 200554157,46954.9413.42$800,692
Nov 200545955,43154.6910.59$612,028
Oct 200536559,66258.3413.80$844,377
Sep 200584561,70461.4512.08$797,248
Aug 200554690,20261.519.80$917,279
Jul 200566492,80855.697.84$764,931
Jun 200552891,59752.337.38$703,711
May 20051,003102,29145.226.65$725,709
Apr 2005865120,05649.207.36$926,228
Mar 20051,246131,16450.377.15$1,001,224
Feb 2005577125,03645.226.31$815,309
Jan 20051,005142,93843.166.32$947,058
Dec 2004956139,93539.866.75$982,819
Nov 2004999150,51645.286.33$998,064
Oct 20041,246154,11049.706.52$1,065,968
Sep 20041,012155,14043.245.28$863,503
Aug 2004982162,72442.375.55$944,833
Jul 20041,647182,08338.286.08$1,170,873
Jun 2004993171,74536.106.43$1,140,686
May 20041,449183,41137.486.49$1,245,486
Apr 20041,818172,34834.475.86$1,072,360
Mar 20041,319179,69834.365.53$1,039,076
Feb 20041,440160,90132.455.51$933,231
Jan 20041,681169,87632.036.30$1,124,000
Dec 20031,693173,85330.266.30$1,146,789
Nov 20031,607190,02028.804.60$919,454
Oct 20031,991197,25428.174.76$994,945
Sep 20031,727191,32226.314.75$954,094
Aug 20032,094201,53129.765.13$1,096,115
Jul 20032,231194,19429.415.17$1,069,760
Jun 20031,940195,28828.565.98$1,223,807
May 20032,869200,10526.595.97$1,271,450
Apr 20032,446208,65626.675.41$1,193,496
Mar 20033,419217,42131.146.10$1,431,875
Feb 20032,559168,85133.487.93$1,423,968
Jan 20032,649208,25730.315.58$1,242,790
Dec 20022,833208,40826.914.85$1,087,798
Nov 20022,826151,02924.664.14$694,490
Oct 20022,105190,36226.464.23$860,762
Sep 20023,023221,62527.443.64$888,602
Aug 20023,448210,90625.963.16$756,850
Jul 20022,971228,82424.583.06$773,631
Jun 20023,451211,51123.733.34$787,967
May 20023,832233,91124.663.58$932,834
Apr 20024,005237,35623.653.51$928,388
Mar 20023,164205,07222.003.10$705,889
Feb 20023,702188,97018.222.38$516,383
Jan 20022,932193,85817.172.38$510,887
Dec 20013,006212,61516.932.36$553,598
Nov 20013,369204,07418.072.41$551,782
Oct 20013,847203,42919.782.53$590,541
Sep 20013,802199,28924.262.25$540,900
Aug 20012,901214,44924.873.05$726,895
Jul 20012,778212,94823.933.20$747,289
Jun 20012,895200,09424.563.82$836,293
May 20012,343176,77025.524.31$821,198
Apr 20011,834156,96624.685.34$882,727
Mar 200123061,70824.545.38$337,414

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.

Feb 2007 — as filed, then multipliedworked
Condensate            19 bbl  × $ 55.10 =     $1,047
Gas                    0 Mcf  × $  8.22 =         $0

────────────────────────────────────────────────────
Month total                                   $1,047

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/183750 is the state's own key, not one this site invented.