STATE TRACT 368-L
Operated by EL PASO PRODUCTION OIL & GAS CO. (P-5 250446) in the BLOCK 368-L (5300 SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.
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 | 74 bbl | $2,232 |
| Gas | Production | 142,479 Mcf | $774,443 |
| Total | $776,675 | ||
Every month this lease reported (26)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
26 months
| 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 | 2 | 1,108 | 34.47 | 5.86 | $6,560 |
| Mar 2004 | 4 | 28,503 | 34.36 | 5.53 | $157,763 |
| Feb 2004 | 6 | 16,222 | 32.45 | 5.51 | $89,572 |
| Jan 2004 | 9 | 21,849 | 32.03 | 6.30 | $137,929 |
| Dec 2003 | 22 | 19,687 | 30.26 | 6.30 | $124,726 |
| Nov 2003 | 8 | 18,194 | 28.80 | 4.60 | $83,835 |
| Oct 2003 | 22 | 30,812 | 28.17 | 4.76 | $147,274 |
| Sep 2003 | 1 | 6,104 | 26.31 | 4.75 | $29,016 |
| 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 |
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.
Condensate 2 bbl × $ 34.47 = $69 Gas 1,108 Mcf × $ 5.86 = $6,491 ──────────────────────────────────────────────────── Month total $6,560
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/194254 is the state's own key, not one this site invented.