STATE TRACT 405-LN/2 SE/4

Operated by BLACK POOL ENERGY, LP (P-5 72712) in the BRAZOS BLOCK 405 (10,040 SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 224098District 03Field 11653900CondensateGasSaveExport
Value, all time
$18.4 M
Mar 2006 – Jul 2020
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
173
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
2006-03-03
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 40 acres. The field rule took effect on 2007-01-23.

The Commission's schedule remark for this field reads: ADOPTED TWO PART ALLOCATION FORMULA.

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
CondensateDisposition2,690 bbl$173,251
GasProduction3,165,922 Mcf$18,258,611
Total$18,431,862

Every month this lease reported (173)

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

173 months

Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 2020530016.921.81$8,968
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 201801,83261.443.40$6,225
Sep 201802,31759.543.11$7,201
Aug 201801,29559.403.07$3,971
Jul 201802,78765.142.93$8,171
Jun 201801,06260.183.08$3,268
May 2018721065.382.90$1,067
Apr 201824,97263.842.90$14,550
Mar 201803,99661.222.79$11,136
Feb 201803,46661.782.77$9,587
Jan 201802,67862.874.01$10,737
Dec 201787,24357.272.92$21,619
Nov 201702,08855.423.12$6,511
Oct 201702,50649.292.98$7,477
Sep 201704,40747.523.09$13,606
Aug 2017174,87145.373.00$15,406
Jul 2017104,43843.873.09$14,140
Jun 2017114,92242.493.09$15,663
May 201766,66345.373.26$22,016
Apr 201757,10547.933.21$23,058
Mar 201707,13446.772.98$21,286
Feb 201707,05350.452.95$20,825
Jan 201706,29449.413.42$21,518
Dec 201607,13548.763.72$26,562
Nov 201607,04242.492.64$18,622
Oct 201607,19046.193.09$22,219
Sep 201606,96541.553.10$21,596
Aug 201608,08841.442.92$23,652
Jul 201608,13941.622.92$23,801
Jun 201607,56145.352.69$20,308
May 201644,12642.521.99$8,385
Apr 201606,91936.561.99$13,776
Mar 201609,55033.011.79$17,133
Feb 201607,72526.472.06$15,942
Jan 201606,42127.352.36$15,182
Dec 201507,13032.362.00$14,270
Nov 201508,61638.792.17$18,674
Oct 201509,05643.552.43$21,975
Sep 201508,04042.992.76$22,178
Aug 2015226,56140.162.87$19,730
Jul 201509,70648.152.95$28,585
Jun 2015239,49656.152.88$28,667
May 2015239,86155.212.96$30,414
Apr 2015510,58549.822.71$28,898
Mar 2015169,84542.892.93$29,578
Feb 201548,54544.662.98$25,610
Jan 2015010,06643.433.10$31,211
Dec 2014010,26354.693.59$36,858
Nov 2014010,16570.464.25$43,220
Oct 2014213,62778.303.90$53,315
Sep 2014713,01386.164.05$53,246
Aug 2014314,64389.394.04$59,354
Jul 2014115,44696.564.18$64,655
Jun 20141214,50098.164.74$69,863
May 20141515,06694.734.73$72,631
Apr 20141511,68595.944.81$57,634
Mar 2014511,75295.895.06$59,907
Feb 2014210,85197.406.19$67,384
Jan 2014159,47790.404.86$47,421
Dec 2013713,03691.824.35$57,408
Nov 20135311,90888.853.74$49,224
Oct 20138311,53097.423.78$51,662
Sep 201331,591104.113.72$6,227
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20131714,28991.233.42$50,418
Jan 20131112,78091.603.42$44,714
Dec 2012013,58786.773.42$46,470
Nov 2012013,07186.953.62$47,382
Oct 2012213,89889.383.40$47,428
Sep 2012515,16194.672.92$44,719
Aug 20121017,63692.662.91$52,215
Jul 20122814,15885.133.02$45,152
Jun 20124013,86379.822.52$38,114
May 20121615,84491.612.49$40,891
Apr 20121814,498101.652.00$30,779
Mar 20122916,880105.052.22$40,555
Feb 20122915,930101.102.57$43,876
Jan 20121219,14298.092.73$53,513
Dec 20112017,00596.873.24$57,029
Nov 20111517,05595.723.31$57,910
Oct 20112417,38484.983.65$65,466
Sep 20113117,10383.623.99$70,761
Aug 20111717,82983.404.15$75,396
Jul 20111716,98894.144.52$78,339
Jun 20111217,72592.904.64$83,357
May 20112417,71298.134.40$80,373
Apr 20113918,290105.964.33$83,388
Mar 20113918,99196.364.06$80,811
Feb 20113315,57685.644.18$67,933
Jan 20111619,23686.504.59$89,654
Dec 20102820,74185.734.35$92,577
Nov 20102619,92680.843.80$77,728
Oct 20103020,28078.103.51$73,503
Sep 20102920,03472.633.98$81,831
Aug 20105921,96673.684.42$101,423
Jul 20102722,51472.554.74$108,596
Jun 20102019,53770.364.91$97,342
May 20102122,72271.124.24$97,726
Apr 20102022,78981.694.12$95,586
Mar 20102722,98878.394.39$103,003
Feb 20101821,47073.585.44$118,172
Jan 20102121,77074.365.96$131,400
Dec 20094426,86971.445.48$150,486
Nov 20092126,39174.593.75$100,572
Oct 2009427,46572.544.11$113,178
Sep 2009027,62665.543.06$84,667
Aug 2009029,24367.423.22$94,119
Jul 2009530,01261.133.46$104,282
Jun 2009029,28166.163.90$114,050
May 2009031,33554.743.93$123,013
Apr 2009030,88346.773.59$110,793
Mar 2009032,84742.144.06$133,326
Feb 2009430,90632.814.63$143,319
Jan 2009034,55535.865.37$185,595
Dec 2008034,37837.105.98$205,482
Nov 2008036,27955.496.86$248,887
Oct 2008137,95575.246.92$262,799
Sep 2008430,217101.767.88$238,429
Aug 2008138,733114.228.48$328,687
Jul 2008239,456131.0811.39$449,644
Jun 2008540,848131.3313.03$533,014
May 20081043,345123.1711.57$502,919
Apr 2008144,823110.3110.45$468,729
Mar 2008038,841101.909.66$375,362
Feb 2008332,44092.538.77$284,795
Jan 20083341,34090.388.21$342,207
Dec 20075845,90088.337.30$340,284
Nov 20073352,26491.677.29$384,119
Oct 20072153,19482.856.92$369,948
Sep 2007851,25475.846.24$320,645
Aug 200710256,23769.066.39$366,283
Jul 20079961,22070.906.39$398,089
Jun 20076263,27962.007.55$481,502
May 20072670,14358.747.85$551,889
Apr 20073569,97159.617.81$548,224
Mar 20074684,23156.927.30$617,671
Feb 20071972,49155.108.22$596,633
Jan 20079180,32650.306.73$544,918
Dec 2006883,95756.656.92$581,305
Nov 2006588,99654.207.62$678,196
Oct 200659102,16654.906.01$617,645
Sep 2006134101,26860.085.04$518,158
Aug 2006062,32968.717.34$457,490
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$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.

May 2020 — as filed, then multipliedworked
Condensate           530 bbl  × $ 16.92 =     $8,968
Gas                    0 Mcf  × $  1.81 =         $0

────────────────────────────────────────────────────
Month total                                   $8,968

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/224098 is the state's own key, not one this site invented.