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 | 102,869 bbl | $9,722,691 |
| Gas | Production | 373,398 Mcf | $1,472,681 |
| Total | $11,195,371 | ||
Every month this lease reported (25)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
25 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 | 1,392 | 1,478 | 89.39 | 4.04 | $130,395 |
| Jul 2014 | 2,382 | 5,836 | 96.56 | 4.18 | $254,398 |
| Jun 2014 | 1,796 | 126 | 98.16 | 4.74 | $176,892 |
| May 2014 | 1,079 | 1,240 | 94.73 | 4.73 | $108,075 |
| Apr 2014 | 2,772 | 11,759 | 95.94 | 4.81 | $322,496 |
| Mar 2014 | 4,229 | 13,661 | 95.89 | 5.06 | $474,600 |
| Feb 2014 | 3,866 | 10,710 | 97.40 | 6.19 | $442,865 |
| Jan 2014 | 4,395 | 14,882 | 90.40 | 4.86 | $469,645 |
| Dec 2013 | 4,973 | 15,910 | 91.82 | 4.35 | $525,901 |
| Nov 2013 | 4,636 | 12,244 | 88.85 | 3.74 | $457,680 |
| Oct 2013 | 3,774 | 19,661 | 97.42 | 3.78 | $441,969 |
| Sep 2013 | 4,746 | 24,554 | 104.11 | 3.72 | $585,391 |
| Aug 2013 | 5,557 | 25,480 | 104.25 | 3.52 | $669,073 |
| Jul 2013 | 5,745 | 25,083 | 102.52 | 3.72 | $682,229 |
| Jun 2013 | 7,657 | 28,067 | 94.40 | 3.93 | $833,220 |
| May 2013 | 6,684 | 20,520 | 94.83 | 4.15 | $718,983 |
| Apr 2013 | 6,424 | 20,980 | 93.96 | 4.28 | $693,448 |
| Mar 2013 | 5,672 | 16,258 | 93.62 | 3.91 | $594,628 |
| Feb 2013 | 6,076 | 19,826 | 91.23 | 3.42 | $622,117 |
| Jan 2013 | 10,434 | 34,299 | 91.60 | 3.42 | $1,073,054 |
| Dec 2012 | 8,580 | 50,824 | 86.77 | 3.42 | $918,313 |
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 1,392 bbl × $ 89.39 = $124,431 Gas 1,478 Mcf × $ 4.04 = $5,964 ──────────────────────────────────────────────────── Month total $130,395
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/271697 is the state's own key, not one this site invented.