S. T. 310-L N/2 NE/4

Operated by HALL-HOUSTON EXPL. II, L.P. (P-5 346982) in the GALVESTON 310-L (MIOCENE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 229086District 03Field 33841500CondensateGasSaveExport
Value, all time
$18.4 M
Dec 2006 – Jun 2014
Value, last 12 filed months
$592 k
at the published price for each month
Months reported
91
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
2006-12-24
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 2007-03-29.

The Commission's schedule remark for this field reads: 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.

StreamBasisVolumeValue
CondensateDisposition10,906 bbl$876,064
GasProduction3,697,866 Mcf$17,534,154
Total$18,410,217

Every month this lease reported (91)

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

91 months

Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 2013210104.113.72$2,186
Aug 2013270,149104.253.52$247,316
Jul 20136490,372102.523.72$342,541
Jun 201327297,80494.403.93$410,380
May 20130119,10394.834.15$494,168
Apr 20130131,86193.964.28$564,707
Mar 20130144,67493.623.91$566,091
Feb 20130135,59891.233.42$463,733
Jan 2013098,95791.603.42$338,424
Dec 2012046,61886.773.42$159,441
Nov 20124195,61486.953.62$350,162
Oct 2012092,21189.383.40$313,488
Sep 201216997,04394.672.92$299,210
Aug 201217198,17092.662.91$301,339
Jul 20123544,05385.133.02$136,055
Jun 2012011,72379.822.52$29,531
May 20125112,43291.612.49$35,607
Apr 201213023,353101.652.00$59,846
Mar 201212929,087105.052.22$78,185
Feb 201215632,356101.102.57$98,934
Jan 20125038,69898.092.73$110,708
Dec 201111941,55896.873.24$146,165
Nov 201123237,79595.723.31$147,357
Oct 20116042,02684.983.65$158,432
Sep 201124641,61683.623.99$186,444
Aug 201119342,65183.404.15$193,069
Jul 201118146,98994.144.52$229,300
Jun 201134147,61592.904.64$252,607
May 20113853,80798.134.40$240,739
Apr 201127051,945105.964.33$253,701
Mar 201130253,78296.364.06$247,313
Feb 201119341,56185.644.18$190,253
Jan 201124948,62886.504.59$244,682
Dec 201050248,07985.734.35$252,072
Nov 2010051,07780.843.80$193,854
Oct 2010118178.103.51$9,219
Sep 2010118172.633.98$8,574
Aug 20109227,07273.684.42$126,419
Jul 201035554,26272.554.74$282,767
Jun 201010852,77070.364.91$266,721
May 201034656,88271.124.24$265,515
Apr 201033461,83281.694.12$282,199
Mar 201031564,26078.394.39$306,709
Feb 201034761,65473.585.44$361,076
Jan 201020256,78374.365.96$353,680
Dec 20095256,33171.445.48$312,620
Nov 2009141,85974.593.75$8,018
Oct 20095316,08872.544.11$69,970
Sep 20096126,57765.543.06$85,450
Aug 20091538,60967.423.22$125,274
Jul 200913135,84161.133.46$132,179
Jun 20093017,53266.163.90$70,272
May 20097420,33654.743.93$83,885
Apr 2009211,32446.773.59$5,732
Mar 2009272,01942.144.06$9,333
Feb 2009392,65832.814.63$13,594
Jan 2009262,41035.865.37$13,876
Dec 2008047837.105.98$2,857
Nov 200801,44455.496.86$9,906
Oct 200831,10575.246.92$7,875
Sep 200801,192101.767.88$9,389
Aug 2008091114.228.48$772
Jul 20085682131.0811.39$8,423
Jun 2008195,031131.3313.03$68,062
May 2008163,875123.1711.57$46,821
Apr 20081313,222110.3110.45$139,668
Mar 20089437,374101.909.66$370,764
Feb 200812356,51392.538.77$507,033
Jan 20089462,52090.388.21$521,518
Dec 200726356,03988.337.30$432,426
Nov 200732063,86191.677.29$494,990
Oct 200734978,76882.856.92$574,145
Sep 200725785,26775.846.24$551,912
Aug 200723390,77469.066.39$595,950
Jul 200736347,25570.906.39$327,599
Jun 200728968,69562.007.55$536,459
May 200760476,43258.747.85$635,186
Apr 200740569,66859.617.81$567,915
Mar 200736161,47456.927.30$469,429
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$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.

Sep 2013 — as filed, then multipliedworked
Condensate            21 bbl  × $104.11 =     $2,186
Gas                    0 Mcf  × $  3.72 =         $0

────────────────────────────────────────────────────
Month total                                   $2,186

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/229086 is the state's own key, not one this site invented.