EASTHAM STATE PRISON FARM
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 | 81,752 bbl | $7,618,325 |
| Gas | Production | 383,001 Mcf | $1,440,272 |
| Total | $9,058,597 | ||
Every month this lease reported (29)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
29 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 | 2,317 | 7,915 | 89.39 | 4.04 | $239,055 |
| Jul 2014 | 2,912 | 6,523 | 96.56 | 4.18 | $308,446 |
| Jun 2014 | 3,496 | 9,202 | 98.16 | 4.74 | $386,756 |
| May 2014 | 2,381 | 9,595 | 94.73 | 4.73 | $270,903 |
| Apr 2014 | 730 | 6,548 | 95.94 | 4.81 | $101,526 |
| Mar 2014 | 320 | 6,029 | 95.89 | 5.06 | $61,172 |
| Feb 2014 | 398 | 6,865 | 97.40 | 6.19 | $81,273 |
| Jan 2014 | 171 | 15,962 | 90.40 | 4.86 | $93,045 |
| Dec 2013 | 1,502 | 9,387 | 91.82 | 4.35 | $178,789 |
| Nov 2013 | 1,761 | 12,839 | 88.85 | 3.74 | $204,461 |
| Oct 2013 | 1,984 | 10,859 | 97.42 | 3.78 | $234,321 |
| Sep 2013 | 1,824 | 10,749 | 104.11 | 3.72 | $229,859 |
| Aug 2013 | 2,003 | 12,567 | 104.25 | 3.52 | $253,081 |
| Jul 2013 | 2,197 | 15,478 | 102.52 | 3.72 | $282,780 |
| Jun 2013 | 2,183 | 13,518 | 94.40 | 3.93 | $259,247 |
| May 2013 | 2,475 | 14,275 | 94.83 | 4.15 | $293,932 |
| Apr 2013 | 3,358 | 17,559 | 93.96 | 4.28 | $390,716 |
| Mar 2013 | 3,468 | 17,848 | 93.62 | 3.91 | $394,511 |
| Feb 2013 | 3,317 | 16,942 | 91.23 | 3.42 | $360,550 |
| Jan 2013 | 5,301 | 24,254 | 91.60 | 3.42 | $568,518 |
| Dec 2012 | 7,058 | 26,191 | 86.77 | 3.42 | $702,000 |
| Nov 2012 | 4,148 | 12,996 | 86.95 | 3.62 | $407,779 |
| Oct 2012 | 6,553 | 31,162 | 89.38 | 3.40 | $691,648 |
| Sep 2012 | 11,609 | 41,977 | 94.67 | 2.92 | $1,221,530 |
| Aug 2012 | 8,286 | 25,761 | 92.66 | 2.91 | $842,698 |
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 2,317 bbl × $ 89.39 = $207,117 Gas 7,915 Mcf × $ 4.04 = $31,938 ──────────────────────────────────────────────────── Month total $239,055
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/271481 is the state's own key, not one this site invented.