S.T. 278-L S/2 (RUTHERFORD UNIT)

Operated by HALL-HOUSTON EXPL. II, L.P. (P-5 346982) in the DOLPHIN PROSPECT (ROB M 8100) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 229797District 03Field 25239370CondensateGasSave
Value, all time
$30.2 M
Oct 2006 – Nov 2015
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
110
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition17,870 bbl$1,535,839
GasProduction4,235,531 Mcf$28,692,483
Total$30,228,323

Every month this lease reported (110)

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

110 months

Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 201546042.992.76$1,978
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
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 201300104.113.72$0
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 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 201205,08194.672.92$14,828
Aug 2012022,11992.662.91$64,326
Jul 2012018,76885.133.02$56,694
Jun 2012021,45379.822.52$54,041
May 2012023,14191.612.49$57,582
Apr 2012021,989101.652.00$43,908
Mar 2012028,644105.052.22$63,649
Feb 2012029,106101.102.57$74,809
Jan 2012031,97798.092.73$87,428
Dec 2011030,11896.873.24$97,574
Nov 2011029,13595.723.31$96,474
Oct 2011032,24784.983.65$117,654
Sep 2011029,18283.623.99$116,314
Aug 2011033,94283.404.15$140,836
Jul 20111,12337,73294.144.52$276,164
Jun 2011038,76892.904.64$179,879
May 2011039,87498.134.40$175,638
Apr 201124138,446105.964.33$192,134
Mar 2011043,63296.364.06$177,030
Feb 2011026,91985.644.18$112,521
Jan 2011027,18086.504.59$124,723
Dec 201046142,19585.734.35$222,975
Nov 2010037,12580.843.80$140,902
Oct 201053553,23378.103.51$228,572
Sep 2010048,32072.633.98$192,288
Aug 2010045,80373.684.42$202,420
Jul 2010040,96272.554.74$194,016
Jun 2010043,42170.364.91$213,214
May 2010050,93971.124.24$215,738
Apr 2010040,60581.694.12$167,402
Mar 201030137,38578.394.39$187,666
Feb 2010038,61773.585.44$210,168
Jan 2010036,97974.365.96$220,546
Dec 2009038,91271.445.48$213,384
Nov 2009021,77874.593.75$81,700
Oct 2009025,86972.544.11$106,328
Sep 200977529,29065.543.06$140,560
Aug 2009032,80967.423.22$105,596
Jul 200978345,83261.133.46$206,650
Jun 200947452,36266.163.90$235,310
May 2009057,03754.743.93$223,913
Apr 20091,05471,40346.773.59$305,454
Mar 2009057,81042.144.06$234,651
Feb 20092,16483,05632.814.63$455,799
Jan 2009061,65435.865.37$331,144
Dec 20080152,52737.105.98$911,675
Nov 20080166,55955.496.86$1,142,655
Oct 20080172,39775.246.92$1,193,329
Sep 2008083,120101.767.88$654,744
Aug 20080177,080114.228.48$1,502,173
Jul 20083,219162,724131.0811.39$2,275,280
Jun 20080153,680131.3313.03$2,002,855
May 20080172,957123.1711.57$2,001,854
Apr 20082,580175,753110.3110.45$2,122,073
Mar 20080197,660101.909.66$1,910,200
Feb 20080159,80492.538.77$1,401,574
Jan 20080158,07590.388.21$1,297,121
Dec 20070141,02088.337.30$1,029,724
Nov 20070108,13491.677.29$788,481
Oct 20074,114124,65182.856.92$1,203,677
Sep 20070130,74775.846.24$816,405
Aug 2007093,94469.066.39$600,109
Jul 200701,85070.906.39$11,818
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$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 2015 — as filed, then multipliedworked
Condensate            46 bbl  × $ 42.99 =     $1,978
Gas                    0 Mcf  × $  2.76 =         $0

────────────────────────────────────────────────────
Month total                                   $1,978

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/229797 is the state's own key, not one this site invented.