GALVESTON BLOCK 278-L(MF-106411)
Operated by HALL-HOUSTON EXPL. II, L.P. (P-5 346982) in the GALVESTON 278-L (MIOCENE CONS.) 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 | 25,363 bbl | $2,273,900 |
| Gas | Production | 1,686,175 Mcf | $15,341,113 |
| Total | $17,615,013 | ||
Every month this lease reported (51)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
51 months
| Nov 2010 | 0 | 0 | 80.84 | 3.80 | $0 |
| Oct 2010 | 0 | 0 | 78.10 | 3.51 | $0 |
| Sep 2010 | 0 | 0 | 72.63 | 3.98 | $0 |
| Aug 2010 | 0 | 0 | 73.68 | 4.42 | $0 |
| Jul 2010 | 0 | 0 | 72.55 | 4.74 | $0 |
| Jun 2010 | 0 | 0 | 70.36 | 4.91 | $0 |
| May 2010 | 0 | 0 | 71.12 | 4.24 | $0 |
| Apr 2010 | 0 | 0 | 81.69 | 4.12 | $0 |
| Mar 2010 | 28 | 0 | 78.39 | 4.39 | $2,195 |
| Feb 2010 | 0 | 0 | 73.58 | 5.44 | $0 |
| Jan 2010 | 0 | 0 | 74.36 | 5.96 | $0 |
| Dec 2009 | 0 | 0 | 71.44 | 5.48 | $0 |
| Nov 2009 | 0 | 0 | 74.59 | 3.75 | $0 |
| Oct 2009 | 0 | 0 | 72.54 | 4.11 | $0 |
| Sep 2009 | 201 | 0 | 65.54 | 3.06 | $13,174 |
| Aug 2009 | 0 | 0 | 67.42 | 3.22 | $0 |
| Jul 2009 | 671 | 0 | 61.13 | 3.46 | $41,018 |
| Jun 2009 | 447 | 0 | 66.16 | 3.90 | $29,574 |
| May 2009 | 0 | 0 | 54.74 | 3.93 | $0 |
| Apr 2009 | 1,530 | 0 | 46.77 | 3.59 | $71,558 |
| Mar 2009 | 0 | 0 | 42.14 | 4.06 | $0 |
| Feb 2009 | 4,636 | 0 | 32.81 | 4.63 | $152,107 |
| Jan 2009 | 0 | 0 | 35.86 | 5.37 | $0 |
| Dec 2008 | 0 | 4,566 | 37.10 | 5.98 | $27,292 |
| Nov 2008 | 0 | 44,471 | 55.49 | 6.86 | $305,087 |
| Oct 2008 | 0 | 122,335 | 75.24 | 6.92 | $846,800 |
| Sep 2008 | 0 | 156,348 | 101.76 | 7.88 | $1,231,567 |
| Aug 2008 | 0 | 334,070 | 114.22 | 8.48 | $2,833,922 |
| Jul 2008 | 8,896 | 302,143 | 131.08 | 11.39 | $4,607,324 |
| Jun 2008 | 0 | 162,250 | 131.33 | 13.03 | $2,114,544 |
| May 2008 | 0 | 63,059 | 123.17 | 11.57 | $729,863 |
| Apr 2008 | 2,052 | 53,472 | 110.31 | 10.45 | $785,398 |
| Mar 2008 | 0 | 46,545 | 101.90 | 9.66 | $449,814 |
| Feb 2008 | 0 | 87,352 | 92.53 | 8.77 | $766,128 |
| Jan 2008 | 0 | 6,823 | 90.38 | 8.21 | $55,988 |
| Dec 2007 | 0 | 7,006 | 88.33 | 7.30 | $51,158 |
| Nov 2007 | 0 | 26,674 | 91.67 | 7.29 | $194,499 |
| Oct 2007 | 6,902 | 48,139 | 82.85 | 6.92 | $905,048 |
| Sep 2007 | 0 | 71,510 | 75.84 | 6.24 | $446,520 |
| Aug 2007 | 0 | 111,774 | 69.06 | 6.39 | $714,006 |
| Jul 2007 | 0 | 37,638 | 70.90 | 6.39 | $240,429 |
| Jun 2007 | 0 | 0 | 62.00 | 7.55 | $0 |
| May 2007 | 0 | 0 | 58.74 | 7.85 | $0 |
| Apr 2007 | 0 | 0 | 59.61 | 7.81 | $0 |
| Mar 2007 | 0 | 0 | 56.92 | 7.30 | $0 |
| Feb 2007 | 0 | 0 | 55.10 | 8.22 | $0 |
| Jan 2007 | 0 | 0 | 50.30 | 6.73 | $0 |
| Dec 2006 | 0 | 0 | 56.65 | 6.92 | $0 |
| Nov 2006 | 0 | 0 | 54.20 | 7.62 | $0 |
| Oct 2006 | 0 | 0 | 54.90 | 6.01 | $0 |
| Sep 2006 | 0 | 0 | 60.08 | 5.04 | $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 28 bbl × $ 78.39 = $2,195 Gas 0 Mcf × $ 4.39 = $0 ──────────────────────────────────────────────────── Month total $2,195
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/226926 is the state's own key, not one this site invented.