ELLIOTT
Operated by SEM OPERATING COMPANY LLC (P-5 ) in the FORT TRINIDAD (GLEN ROSE, UPPER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.
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 | 54,705 bbl | $5,039,369 |
| Gas | Production | 209,967 Mcf | $859,948 |
| Total | $5,899,316 | ||
Every month this lease reported (49)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
49 months
| Jul 2015 | 0 | 0 | 48.15 | 2.95 | $0 |
| Jun 2015 | 0 | 0 | 56.15 | 2.88 | $0 |
| May 2015 | 0 | 0 | 55.21 | 2.96 | $0 |
| Sep 2014 | 0 | 0 | 86.16 | 4.05 | $0 |
| Aug 2014 | 532 | 899 | 89.39 | 4.04 | $51,183 |
| Jul 2014 | 349 | 1,076 | 96.56 | 4.18 | $38,197 |
| Jun 2014 | 585 | 1,252 | 98.16 | 4.74 | $63,354 |
| May 2014 | 363 | 1,640 | 94.73 | 4.73 | $42,139 |
| Apr 2014 | 538 | 1,218 | 95.94 | 4.81 | $57,473 |
| Mar 2014 | 184 | 2,427 | 95.89 | 5.06 | $29,917 |
| Feb 2014 | 199 | 764 | 97.40 | 6.19 | $24,113 |
| Jan 2014 | 357 | 2,251 | 90.40 | 4.86 | $43,214 |
| Dec 2013 | 341 | 3,405 | 91.82 | 4.35 | $46,138 |
| Nov 2013 | 545 | 1,700 | 88.85 | 3.74 | $54,778 |
| Oct 2013 | 540 | 1,686 | 97.42 | 3.78 | $58,979 |
| Sep 2013 | 531 | 1,680 | 104.11 | 3.72 | $61,528 |
| Aug 2013 | 346 | 1,998 | 104.25 | 3.52 | $43,109 |
| Jul 2013 | 527 | 2,820 | 102.52 | 3.72 | $64,512 |
| Jun 2013 | 531 | 2,224 | 94.40 | 3.93 | $58,874 |
| May 2013 | 720 | 2,577 | 94.83 | 4.15 | $78,970 |
| Apr 2013 | 357 | 1,974 | 93.96 | 4.28 | $41,998 |
| Mar 2013 | 728 | 2,595 | 93.62 | 3.91 | $78,309 |
| Feb 2013 | 729 | 1,671 | 91.23 | 3.42 | $72,221 |
| Jan 2013 | 742 | 2,724 | 91.60 | 3.42 | $77,283 |
| Dec 2012 | 364 | 2,311 | 86.77 | 3.42 | $39,488 |
| Nov 2012 | 915 | 677 | 86.95 | 3.62 | $82,013 |
| Oct 2012 | 1,053 | 2,221 | 89.38 | 3.40 | $101,668 |
| Sep 2012 | 743 | 2,305 | 94.67 | 2.92 | $77,067 |
| Aug 2012 | 543 | 1,525 | 92.66 | 2.91 | $54,749 |
| Jul 2012 | 734 | 1,624 | 85.13 | 3.02 | $67,391 |
| Jun 2012 | 369 | 580 | 79.82 | 2.52 | $30,915 |
| May 2012 | 583 | 1,129 | 91.61 | 2.49 | $56,218 |
| Apr 2012 | 768 | 1,763 | 101.65 | 2.00 | $81,588 |
| Mar 2012 | 977 | 2,456 | 105.05 | 2.22 | $108,091 |
| Feb 2012 | 578 | 2,468 | 101.10 | 2.57 | $64,779 |
| Jan 2012 | 1,141 | 3,900 | 98.09 | 2.73 | $122,584 |
| Dec 2011 | 1,194 | 4,412 | 96.87 | 3.24 | $129,957 |
| Nov 2011 | 1,182 | 3,250 | 95.72 | 3.31 | $123,903 |
| Oct 2011 | 1,411 | 5,013 | 84.98 | 3.65 | $138,197 |
| Sep 2011 | 1,496 | 4,462 | 83.62 | 3.99 | $142,880 |
| Aug 2011 | 1,709 | 4,073 | 83.40 | 4.15 | $159,431 |
| Jul 2011 | 1,589 | 6,068 | 94.14 | 4.52 | $176,999 |
| Jun 2011 | 1,574 | 6,957 | 92.90 | 4.64 | $178,504 |
| May 2011 | 2,478 | 9,476 | 98.13 | 4.40 | $284,906 |
| Apr 2011 | 2,978 | 11,572 | 105.96 | 4.33 | $365,694 |
| Mar 2011 | 4,454 | 16,273 | 96.36 | 4.06 | $495,213 |
| Feb 2011 | 4,253 | 21,574 | 85.64 | 4.18 | $454,406 |
| Jan 2011 | 10,970 | 39,331 | 86.50 | 4.59 | $1,129,386 |
| Dec 2010 | 905 | 15,966 | 85.73 | 4.35 | $147,002 |
Not filed, and not zero: Oct 2014 – Apr 2015 (7 months). The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.
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 532 bbl × $ 89.39 = $47,555 Gas 899 Mcf × $ 4.04 = $3,628 ──────────────────────────────────────────────────── Month total $51,183
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/265021 is the state's own key, not one this site invented.