STATE TRACT 24-L N/2 SW/4

Operated by W&T OFFSHORE, INC. (P-5 887952) in the HIGH ISLAND BLK 24L (LJ) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 231670District 03Field 41209975CondensateGasSaveExport
Value, all time
$189.1 M
Apr 2007 – May 2026
Value, last 12 filed months
$1.4 M
at the published price for each month
Months reported
230
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
2006-11-03
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 06/01/2009.

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
CondensateDisposition202,975 bbl$16,316,730
GasProduction28,713,908 Mcf$172,734,334
Total$189,051,063

Every month this lease reported (230)

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

230 months

May 2026033,320106.413.05$101,487
Apr 2026027,64298.932.87$79,325
Mar 2026034,28989.753.15$107,991
Feb 2026028,21663.503.75$105,819
Jan 2026029,19459.138.00$233,491
Dec 2025026,38956.664.41$116,464
Nov 2025031,81458.593.93$124,916
Oct 2025038,18359.383.30$126,189
Sep 2025038,15562.743.08$117,400
Aug 2025038,70863.933.01$116,695
Jul 2025037,16666.743.32$123,213
Jun 2025018,46866.483.13$57,781
May 2025038,37860.553.23$124,050
Apr 2025039,47762.363.54$139,872
Mar 2025042,14567.704.27$179,888
Feb 2025038,02170.884.34$165,043
Jan 2025024,03474.324.28$102,834
Dec 2024044,75268.993.12$139,688
Nov 2024049,76069.052.20$109,394
Oct 2024051,29571.372.28$117,024
Sep 2024042,14869.612.36$99,653
Aug 2024052,46475.632.06$108,266
Jul 2024051,49379.932.15$110,534
Jun 2024050,01378.082.63$131,733
May 2024055,06578.812.20$121,057
Apr 2024048,26084.451.66$80,073
Mar 2024047,80680.301.55$73,866
Feb 2024033,58676.091.78$59,905
Jan 202407,06073.023.30$23,281
Dec 2023046,08071.262.61$120,302
Nov 2023048,46577.892.81$136,068
Oct 2023053,85685.443.09$166,269
Sep 2023051,66689.042.74$141,309
Aug 2023066,96780.522.67$178,995
Jul 2023070,67274.852.64$186,701
Jun 20234,30361,42768.962.26$435,467
May 2023078,86370.622.23$175,659
Apr 2023082,50878.122.24$184,633
Mar 2023065,35172.852.39$156,395
Feb 2023051,21375.112.47$126,275
Jan 2023060,59776.533.39$205,286
Dec 2022073,68576.415.73$422,147
Nov 2022086,52885.005.65$488,554
Oct 2022095,50787.185.86$560,030
Sep 2022097,73584.888.16$797,877
Aug 2022789105,13394.529.13$1,034,142
Jul 20220109,767101.587.54$827,872
Jun 20220113,264115.097.98$903,530
May 20220101,770109.378.43$858,230
Apr 2022047,890104.226.84$327,453
Mar 2022094,226108.885.08$478,329
Feb 20221,08337,53091.054.86$280,959
Jan 2022049,65281.844.54$225,305
Dec 202114,47548,53471.323.90$1,221,597
Nov 2021025,78677.435.24$135,037
Oct 2021035,72079.795.71$204,099
Sep 2021032,33769.865.35$173,033
Aug 2021036,02766.024.22$152,055
Jul 2021034,88270.783.98$138,903
Jun 2021037,12069.493.38$125,489
May 2021040,84063.483.02$123,242
Apr 2021036,04360.362.76$99,422
Mar 202182748,13461.302.72$181,472
Feb 2021020,59457.805.55$114,254
Jan 2021031,62450.412.81$88,872
Dec 2020045,17144.642.68$120,853
Nov 2020049,85438.772.71$134,933
Oct 2020041,60736.972.48$103,120
Sep 202005,43437.091.99$10,819
Aug 2020016,32239.982.39$38,930
Jul 2020022,90538.371.83$41,804
Jun 2020013,54334.901.69$22,892
May 2020014,69116.921.81$26,660
Apr 2020018,22814.751.80$32,890
Mar 2020025,83730.341.86$47,959
Feb 2020012,62149.881.98$24,998
Jan 2020018,11857.252.09$37,953
Dec 2019023,41159.012.30$53,947
Nov 2019015,90955.302.75$43,761
Oct 2019225,31653.472.42$61,335
Sep 20196022,14455.052.66$62,146
Aug 20193727,99053.112.30$66,464
Jul 20193833,80456.272.46$85,298
Jun 20193321,22352.782.49$54,612
May 20193622,13558.482.74$62,762
Apr 20193843,47862.632.75$121,975
Mar 20195326,27256.803.06$83,458
Feb 20196435,96850.852.79$103,685
Jan 201958430,97046.033.23$126,858
Dec 20182416,93946.594.19$72,015
Nov 20184738,19652.934.24$164,333
Oct 20186028,83161.443.40$101,656
Sep 20181,21762,04259.543.11$265,287
Aug 20183465,75259.403.07$203,652
Jul 2018867,51965.142.93$27,647
Jun 20185843,72560.183.08$138,029
May 20183557,86465.382.90$170,140
Apr 201847572,62963.842.90$241,006
Mar 20183768,14561.222.79$192,174
Feb 20182463,86361.782.77$178,135
Jan 201852254,86562.874.01$252,789
Dec 20172219,81057.272.92$59,135
Nov 20171834,27555.423.12$107,879
Oct 20173234,78549.292.98$105,365
Sep 201724727,80547.523.09$97,579
Aug 20171429,33545.373.00$88,769
Jul 20172246,29843.873.09$143,900
Jun 20172030,73542.493.09$95,737
May 20174432,30945.373.26$107,433
Apr 201759937,71347.933.21$149,829
Mar 20173840,74546.772.98$123,347
Feb 20171430,30250.452.95$90,176
Jan 20171,26336,89049.413.42$188,524
Dec 20167328,48048.763.72$109,586
Nov 201673436,77242.492.64$128,426
Oct 201685736,45646.193.09$152,243
Sep 20166238,06641.553.10$120,605
Aug 20161,21943,12241.442.92$176,619
Jul 20165545,78341.622.92$136,174
Jun 201665239,09045.352.69$134,557
May 201676653,53442.521.99$139,159
Apr 20161,26749,42136.561.99$144,721
Mar 201634760,66833.011.79$120,293
Feb 20165859,77826.472.06$124,895
Jan 201674455,29027.352.36$151,074
Dec 20154380,71832.362.00$162,941
Nov 201599397,87438.792.17$250,644
Oct 201572123,89943.552.43$303,786
Sep 20151,739111,23842.992.76$381,601
Aug 20151195,01240.162.87$273,363
Jul 201531676,93148.152.95$241,783
Jun 20155654,73256.152.88$160,929
May 201544686,71755.212.96$280,911
Apr 201572169,34549.822.71$223,607
Mar 201561751,07642.892.93$176,356
Feb 20151,00341,89544.662.98$169,481
Jan 20151236,41643.433.10$113,434
Dec 201415242,52254.693.59$161,025
Nov 20141138,81370.464.25$165,802
Oct 201472066,23778.303.90$314,764
Sep 201410106,28786.164.05$430,839
Aug 2014574112,90889.394.04$506,907
Jul 20149467,46296.564.18$291,041
Jun 2014331,97098.164.74$151,733
May 201419231,65694.734.73$167,812
Apr 201431534,27695.944.81$195,059
Mar 2014535,19995.895.06$178,474
Feb 20143334,16097.406.19$214,733
Jan 20145630,76190.404.86$154,583
Dec 201311537,53091.824.35$173,983
Nov 2013632,58188.853.74$122,330
Oct 201314746,09297.423.78$188,519
Sep 2013349,707104.113.72$185,110
Aug 20133247,182104.253.52$169,540
Jul 20133045,234102.523.72$171,244
Jun 20136346,23394.403.93$187,801
May 20135850,98294.834.15$217,029
Apr 20137146,92993.964.28$207,649
Mar 20137046,34493.623.91$187,891
Feb 2013460,09491.233.42$205,881
Jan 201331041,85691.603.42$171,540
Dec 20123640,84286.773.42$142,810
Nov 201232638,32986.953.62$167,287
Oct 201220337,92789.383.40$147,084
Sep 201297446,51294.672.92$227,949
Aug 2012944,01192.662.91$128,825
Jul 20121256,47485.133.02$171,618
Jun 20129661,95179.822.52$163,720
May 201254067,82691.612.49$218,242
Apr 2012995,771101.652.00$192,150
Mar 20121896,687105.052.22$216,737
Feb 201227184,819101.102.57$245,403
Jan 201234096,98298.092.73$298,507
Dec 201152494,85596.873.24$358,065
Nov 20111789,36795.723.31$297,546
Oct 2011975106,24484.983.65$470,491
Sep 2011753122,25883.623.99$550,262
Aug 20111,230127,35683.404.15$631,023
Jul 2011645130,59094.144.52$650,627
Jun 201118125,09192.904.64$582,079
May 20111,317129,85398.134.40$701,216
Apr 2011402134,355105.964.33$624,794
Mar 20111,297135,73496.364.06$675,698
Feb 2011347141,98185.644.18$623,195
Jan 2011567164,96986.504.59$806,052
Dec 2010916249,96285.734.35$1,165,301
Nov 20101,985244,75380.843.80$1,089,386
Oct 20102,049248,12178.103.51$1,030,656
Sep 20103,052243,07672.633.98$1,188,980
Aug 20101,257253,56173.684.42$1,213,193
Jul 2010192237,30072.554.74$1,137,899
Jun 20105,504228,15370.364.91$1,507,584
May 20101,042243,34171.124.24$1,104,710
Apr 20101,935231,70181.694.12$1,113,302
Mar 20102,731266,84878.394.39$1,385,191
Feb 2010987237,69873.585.44$1,366,262
Jan 20100269,90574.365.96$1,609,738
Dec 200943274,58571.445.48$1,508,827
Nov 2009824261,46274.593.75$1,042,337
Oct 20093,770251,43572.544.11$1,306,937
Sep 20093,037272,91965.543.06$1,035,473
Aug 20091,658283,49167.423.22$1,024,198
Jul 20092,283283,30961.133.46$1,121,084
Jun 20092,383308,30266.163.90$1,358,496
May 20092,303316,39454.743.93$1,368,150
Apr 20093,067465,90546.773.59$1,814,878
Mar 20094,924493,80242.144.06$2,211,840
Feb 20093,944464,07432.814.63$2,279,457
Jan 20093,582535,48235.865.37$3,004,524
Dec 20086,467618,45837.105.98$3,936,536
Nov 20086,043642,64155.496.86$4,744,075
Oct 20083,112682,99075.246.92$4,961,790
Sep 20080275,128101.767.88$2,167,208
Aug 20087,737677,374114.228.48$6,629,897
Jul 20086,782873,064131.0811.39$10,832,686
Jun 20085,740902,346131.3313.03$12,513,776
May 20089,9771,079,498123.1711.57$13,723,290
Apr 20088,6981,099,460110.3110.45$12,454,177
Mar 20089,8191,045,312101.909.66$11,102,524
Feb 20086,949851,08192.538.77$8,107,465
Jan 20085,835777,02690.388.21$6,903,433
Dec 20078,589905,30988.337.30$7,369,206
Nov 20078,2601,018,25791.677.29$8,182,019
Oct 20071,262276,92482.856.92$2,021,419
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 2007027,73259.617.81$216,454

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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas               33,320 Mcf  × $  3.05 =   $101,487

────────────────────────────────────────────────────
Month total                                 $101,487

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/231670 is the state's own key, not one this site invented.