STATE TRACT 25L
Operated by HUNT PETROLEUM (AEC), INC. (P-5 416520) in the HI 25-L (HF) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.
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.
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 | 3,172 bbl | $184,211 |
| Gas | Production | 655,020 Mcf | $6,843,336 |
| Total | $7,027,548 | ||
Every month this lease reported (12)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
12 months
| Mar 2006 | 0 | 0 | 56.70 | 7.08 | $0 |
| Feb 2006 | 22 | 24 | 57.59 | 7.75 | $1,453 |
| Jan 2006 | 294 | 75,384 | 60.59 | 8.93 | $691,243 |
| Dec 2005 | 389 | 125,442 | 54.94 | 13.42 | $1,704,226 |
| Nov 2005 | 527 | 105,551 | 54.69 | 10.59 | $1,146,438 |
| Oct 2005 | 0 | 0 | 58.34 | 13.80 | $0 |
| Sep 2005 | 457 | 96,244 | 61.45 | 12.08 | $1,190,614 |
| Aug 2005 | 830 | 131,726 | 61.51 | 9.80 | $1,341,552 |
| Jul 2005 | 591 | 83,458 | 55.69 | 7.84 | $687,527 |
| Jun 2005 | 12 | 10,032 | 52.33 | 7.38 | $74,675 |
| May 2005 | 50 | 17,403 | 45.22 | 6.65 | $118,011 |
| Apr 2005 | 0 | 9,756 | 49.20 | 7.36 | $71,809 |
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 22 bbl × $ 57.59 = $1,267 Gas 24 Mcf × $ 7.75 = $186 ──────────────────────────────────────────────────── Month total $1,453
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/210125 is the state's own key, not one this site invented.