S.T. 341-L S/2 NE/4

Name: S.T. 341-L S/2 NE/4 lease production and value, Jul 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WALTER OIL & GAS CORPORATION (P-5 895237) in the BRAZOS BLOCK 341-L (RM-5) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 185896District 03Field 11645363CondensateGasSave Export

Value, all time

$34.6 M

Jul 2001 – Jun 2008

Value, last 12 filed months

$435 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The BRAZOS BLOCK 341-L (RM-5) 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

2001-07-13

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 11-1-01 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	10,421 bbl	$422,859
Gas	Production	5,803,971 Mcf	$34,138,613
Total			$34,561,471

Every month this lease reported (84)

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

84 months


Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	1	1	92.53	8.77	$101
Jan 2008	1	3,206	90.38	8.21	$26,398
Dec 2007	4	12,686	88.33	7.30	$92,986
Nov 2007	9	16,962	91.67	7.29	$124,507
Oct 2007	12	18,170	82.85	6.92	$126,767
Sep 2007	3	3	75.84	6.24	$246
Aug 2007	4	4	69.06	6.39	$302
Jul 2007	19	9,766	70.90	6.39	$63,732
Jun 2007	20	12,954	62.00	7.55	$99,023
May 2007	13	14,683	58.74	7.85	$115,971
Apr 2007	17	22,414	59.61	7.81	$175,959
Mar 2007	30	31,520	56.92	7.30	$231,866
Feb 2007	66	34,210	55.10	8.22	$284,706
Jan 2007	49	46,446	50.30	6.73	$314,900
Dec 2006	67	55,045	56.65	6.92	$384,621
Nov 2006	85	64,956	54.20	7.62	$499,408
Oct 2006	51	69,497	54.90	6.01	$420,741
Sep 2006	62	70,787	60.08	5.04	$360,293
Aug 2006	117	72,719	68.71	7.34	$541,791
Jul 2006	57	66,910	69.37	6.34	$428,348
Jun 2006	75	65,484	66.28	6.38	$423,013
May 2006	143	70,712	66.01	6.42	$463,764
Apr 2006	103	71,202	64.39	7.36	$530,713
Mar 2006	191	77,308	56.70	7.08	$558,396
Feb 2006	75	71,916	57.59	7.75	$561,749
Jan 2006	157	83,335	60.59	8.93	$753,971
Dec 2005	160	86,784	54.94	13.42	$1,173,032
Nov 2005	134	86,970	54.69	10.59	$928,202
Oct 2005	103	87,759	58.34	13.80	$1,216,711
Sep 2005	280	69,245	61.45	12.08	$853,616
Aug 2005	263	87,942	61.51	9.80	$877,731
Jul 2005	188	90,221	55.69	7.84	$718,131
Jun 2005	139	89,443	52.33	7.38	$667,456
May 2005	297	92,926	45.22	6.65	$631,496
Apr 2005	267	92,695	49.20	7.36	$695,416
Mar 2005	312	90,794	50.37	7.15	$665,336
Feb 2005	185	84,247	45.22	6.31	$540,126
Jan 2005	325	93,628	43.16	6.32	$605,962
Dec 2004	253	87,559	39.86	6.75	$601,202
Nov 2004	280	93,696	45.28	6.33	$605,813
Oct 2004	383	107,174	49.70	6.52	$717,284
Sep 2004	309	104,943	43.24	5.28	$567,869
Aug 2004	314	111,498	42.37	5.55	$632,192
Jul 2004	341	111,038	38.28	6.08	$688,629
Jun 2004	16	11,550	36.10	6.43	$74,879
May 2004	52	33,873	37.48	6.49	$221,940
Apr 2004	76	54,070	34.47	5.86	$319,387
Mar 2004	74	77,123	34.36	5.53	$429,044
Feb 2004	99	75,109	32.45	5.51	$417,035
Jan 2004	116	80,975	32.03	6.30	$513,829
Dec 2003	104	85,459	30.26	6.30	$541,679
Nov 2003	94	88,443	28.80	4.60	$409,117
Oct 2003	136	92,030	28.17	4.76	$441,861
Sep 2003	105	96,280	26.31	4.75	$460,031
Aug 2003	132	100,422	29.76	5.13	$519,065
Jul 2003	121	97,227	29.41	5.17	$506,304
Jun 2003	112	100,245	28.56	5.98	$602,961
May 2003	163	109,971	26.59	5.97	$661,156
Apr 2003	141	91,365	26.67	5.41	$497,797
Mar 2003	193	102,822	31.14	6.10	$632,817
Feb 2003	151	83,316	33.48	7.93	$665,408
Jan 2003	145	94,471	30.31	5.58	$531,736
Dec 2002	142	88,264	26.91	4.85	$432,233
Nov 2002	160	91,602	24.66	4.14	$382,899
Oct 2002	121	95,489	26.46	4.23	$407,036
Sep 2002	156	94,065	27.44	3.64	$346,226
Aug 2002	187	101,132	25.96	3.16	$324,852
Jul 2002	152	101,331	24.58	3.06	$313,987
Jun 2002	191	100,365	23.73	3.34	$339,575
May 2002	153	92,854	24.66	3.58	$336,562
Apr 2002	211	83,046	23.65	3.51	$296,674
Mar 2002	160	69,895	22.00	3.10	$220,385
Feb 2002	227	80,329	18.22	2.38	$194,972
Jan 2002	246	88,679	17.17	2.38	$214,897
Dec 2001	321	91,853	16.93	2.36	$222,612
Nov 2001	0	86,762	18.07	2.41	$208,708
Oct 2001	0	88,824	19.78	2.53	$224,625
Sep 2001	0	90,200	24.26	2.25	$203,069
Aug 2001	0	95,490	24.87	3.05	$291,546
Jul 2001	0	57,582	23.93	3.20	$184,094

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 2008 — as filed, then multipliedworked

Condensate             1 bbl  × $ 92.53 =        $93
Gas                    1 Mcf  × $  8.77 =         $9

────────────────────────────────────────────────────
Month total                                     $101

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/185896 is the state's own key, not one this site invented.