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.
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.
A drilling unit in this field needs at least 40 acres. The field rule took effect on 2007-05-15.
The Commission's schedule remark for this field reads: “WELL AND 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.
| 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.