SEVEN J STOCK FARM, INC.

Operated by PARTEN OPERATING INC. (P-5 642718) in the FORT TRINIDAD (GLEN ROSE -D-) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 49971District 03Field 32156710CondensateGasSaveExport
Value, all time
$251 k
Jan 1993 – Jan 2003
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
121
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 37 leases and 37 wells, and the rule below applies to all of them.

Discovered
1970-02-06
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 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 2013-08-06.

The Commission's schedule remark for this field reads: 640 ACRES

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
CondensateDisposition10,683 bbl$181,927
GasProduction315,129 Mcf$69,527
Total$251,454

285,954 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Every month this lease reported (121)

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

121 months

Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 2002110026.464.23$2,911
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 199807813.042.51$195
Mar 199806512.802.31$150
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 1997032616.322.41$786
Nov 199703018.193.09$93
Oct 199703519.253.15$110
Sep 199708817.742.95$260
Aug 1997243617.862.55$1,150
Jul 19971883,88117.582.25$12,025
Jun 199703,71417.242.26$8,383
May 19971912,69418.972.31$9,842
Apr 19971804,75917.882.08$13,130
Mar 19971834,70918.951.94$12,599
Feb 199723,85320.492.21$8,540
Jan 19971914,50723.483.54$20,438
Dec 19961873,60223.32$4,361
Nov 199605,34321.97$0
Oct 19961865,39423.31$4,336
Sep 199614,76122.22$22
Aug 19961883,98220.26$3,809
Jul 19961844,68319.55$3,597
Jun 199603,04118.73$0
May 19961855,78219.43$3,595
Apr 19963645,14521.51$7,830
Mar 199616,98819.38$19
Feb 19963865,68816.98$6,554
Jan 19963776,01017.07$6,435
Dec 19951846,15017.19$3,163
Nov 19953776,48316.00$6,032
Oct 19951875,73615.43$2,885
Sep 19951835,63716.18$2,961
Aug 19951736,42215.92$2,754
Jul 19951876,87415.24$2,850
Jun 19951926,65716.41$3,151
May 19953696,64917.56$6,480
Apr 19951866,86517.73$3,298
Mar 19951955,40016.44$3,206
Feb 19953808,69916.58$6,300
Jan 19952035,99515.92$3,232
Dec 19941836,58715.03$2,750
Nov 19943386,52815.90$5,374
Oct 19943616,89315.58$5,624
Sep 19941817,44015.29$2,767
Aug 199405,58216.13$0
Jul 19943695,50817.56$6,480
Jun 19941793,95317.09$3,059
May 199425,44415.88$32
Apr 19941894,77914.14$2,672
Mar 19941876,96012.46$2,330
Feb 19941864,43212.50$2,325
Jan 19943705,67212.66$4,684
Dec 19931846,35312.33$2,269
Nov 19931916,10614.49$2,768
Oct 19931886,85815.85$2,980
Sep 19931836,87315.03$2,750
Aug 19931877,42315.66$2,928
Jul 19931877,71215.46$2,891
Jun 19931636,10816.79$2,737
May 19931716,24317.68$3,023
Apr 19931796,16918.05$3,231
Mar 19931936,04518.14$3,501
Feb 19931975,68217.90$3,526
Jan 19931936,61816.93$3,267

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.

Oct 2002 — as filed, then multipliedworked
Condensate           110 bbl  × $ 26.46 =     $2,911
Gas                    0 Mcf  × $  4.23 =         $0

────────────────────────────────────────────────────
Month total                                   $2,911

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/49971 is the state's own key, not one this site invented.