TEXAS GULF 57686

Operated by BLACK ELK ENERGY OFFSHORE OP LLC (P-5 73161) in the COVE (ME ZONE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 251456District 03Field 21188333CondensateGasSaveExport
Value, all time
$5.2 M
Jan 2009 – Sep 2024
Value, last 12 filed months
$0
at the published price for each month
Months reported
189
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 4 leases and 4 wells, and the rule below applies to all of them.

Discovered
1967-03-10
as the register files it
Field class
Gas
the register's own label
Between wells
933 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 1996-09-13.

The Commission's schedule remark for this field reads: AND ADOPTED ALLOCATION FORMULA OF 5% AC & 95% DEL.

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
CondensateDisposition3 bbl$282
GasProduction1,232,091 Mcf$5,188,124
Total$5,188,407

Every month this lease reported (189)

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

189 months

Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
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 20120094.672.92$0
Aug 20120092.662.91$0
Jul 201205085.133.02$151
Jun 201202,79479.822.52$7,038
May 201204,21191.612.49$10,478
Apr 201200101.652.00$0
Mar 20120146105.052.22$324
Feb 20120489101.102.57$1,257
Jan 201202,74798.092.73$7,511
Dec 201106,07096.873.24$19,665
Nov 201104,33595.723.31$14,354
Oct 201106,19784.983.65$22,610
Sep 201104,67883.623.99$18,646
Aug 201108,28383.404.15$34,369
Jul 201139,41594.144.52$42,812
Jun 201108,81992.904.64$40,919
May 2011010,51098.134.40$46,295
Apr 2011018,330105.964.33$79,429
Mar 2011026,25396.364.06$106,517
Feb 2011026,93485.644.18$112,584
Jan 2011034,21786.504.59$157,014
Dec 201009,67085.734.35$42,043
Nov 201008280.843.80$311
Oct 2010011,00778.103.51$38,622
Sep 2010025,70372.633.98$102,284
Aug 2010020,98473.684.42$92,736
Jul 2010024,66072.554.74$116,802
Jun 2010028,91370.364.91$141,974
May 2010037,08671.124.24$157,067
Apr 2010042,53981.694.12$175,375
Mar 2010048,67778.394.39$213,627
Feb 2010048,13673.585.44$261,973
Jan 2010055,27474.365.96$329,659
Dec 2009059,99371.445.48$328,987
Nov 2009059,04174.593.75$221,492
Oct 2009067,39572.544.11$277,010
Sep 2009079,49865.543.06$243,642
Aug 2009071,45767.423.22$229,984
Jul 2009050,12761.133.46$173,665
Jun 2009067,87966.163.90$264,389
May 2009074,38054.743.93$291,997
Apr 2009020,87146.773.59$74,875
Mar 2009077,94742.144.06$316,387
Feb 2009051,82232.814.63$240,091
Jan 2009024,47235.865.37$131,439

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.

Jul 2012 — as filed, then multipliedworked
Condensate             0 bbl  × $ 85.13 =         $0
Gas                   50 Mcf  × $  3.02 =       $151

────────────────────────────────────────────────────
Month total                                     $151

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/251456 is the state's own key, not one this site invented.