STATE TRACT 310-L

Name: STATE TRACT 310-L lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FAIRWAYS SPEC. SALES & SERV INC (P-5 259790) in the GALVESTON BLOCK 310-L (MIO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 70284District 03Field 33853500CondensateGasSave Export

Value, all time

$1.1 M

Jan 1993 – Oct 2003

Value, last 12 filed months

$267

at the published price for each month

Months reported

130

no gaps in the span

Streams

condensate, gas

The GALVESTON BLOCK 310-L (MIO) field

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 other leases, and the rule below applies to all of them.

Discovered

1974-10-24

as the register files it

Field class

Gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST, EFF 7-1-93.”

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	11,544 bbl	$192,939
Gas	Production	1,062,892 Mcf	$875,069
Total			$1,068,008

754,157 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 (130)

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

130 months


Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	55	26.91	4.85	$267
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	134	26.46	4.23	$567
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	282	25.96	3.16	$892
Jul 2002	0	121	24.58	3.06	$370
Jun 2002	0	312	23.73	3.34	$1,042
May 2002	0	76	24.66	3.58	$272
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	9	18.22	2.38	$21
Jan 2002	0	4	17.17	2.38	$10
Dec 2001	0	36	16.93	2.36	$85
Nov 2001	0	38	18.07	2.41	$91
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	39	0	24.26	2.25	$946
Aug 2001	0	257	24.87	3.05	$785
Jul 2001	13	567	23.93	3.20	$2,124
Jun 2001	26	4,340	24.56	3.82	$17,235
May 2001	0	0	25.52	4.31	$0
Apr 2001	60	3,146	24.68	5.34	$18,266
Mar 2001	0	3,225	24.54	5.38	$17,339
Feb 2001	48	1,903	27.75	5.77	$12,307
Jan 2001	59	2,750	27.47	8.40	$24,717
Dec 2000	5	2,371	26.88	9.12	$21,764
Nov 2000	88	3,770	32.21	5.66	$24,165
Oct 2000	48	4,904	31.23	5.15	$26,733
Sep 2000	6	4,527	31.87	5.19	$23,671
Aug 2000	4	4,716	29.64	4.54	$21,533
Jul 2000	14	5,053	28.53	4.09	$21,065
Jun 2000	0	4,557	29.30	4.40	$20,038
May 2000	15	5,236	27.26	3.68	$19,676
Apr 2000	27	6,096	24.51	3.12	$19,657
Mar 2000	56	4,082	28.42	2.86	$13,265
Feb 2000	28	2,140	27.62	2.73	$6,608
Jan 2000	28	1,693	25.27	2.48	$4,907
Dec 1999	26	2,564	24.28	2.42	$6,846
Nov 1999	45	4,797	23.19	2.43	$12,719
Oct 1999	12	5,365	20.98	2.80	$15,294
Sep 1999	60	7,084	21.75	2.62	$19,857
Aug 1999	2	5,710	19.26	2.88	$16,458
Jul 1999	93	10,257	17.89	2.37	$25,997
Jun 1999	57	6,652	15.94	2.36	$16,621
May 1999	90	6,234	15.79	2.32	$15,890
Apr 1999	125	5,078	15.10	2.21	$13,100
Mar 1999	73	3,974	12.47	1.84	$8,216
Feb 1999	73	2,691	9.98	1.82	$5,620
Jan 1999	0	390	10.38	1.90	$741
Dec 1998	47	6,273	9.20	1.77	$11,556
Nov 1998	0	5,394	10.89	2.19	$11,790
Oct 1998	25	5,312	12.42	1.97	$10,771
Sep 1998	31	1,491	12.59	2.08	$3,495
Aug 1998	134	5,365	11.30	1.91	$11,747
Jul 1998	193	6,170	11.74	2.24	$16,070
Jun 1998	60	4,743	11.24	2.24	$11,286
May 1998	24	819	12.62	2.21	$2,110
Apr 1998	44	7,949	13.04	2.51	$20,489
Mar 1998	132	8,499	12.80	2.31	$21,318
Feb 1998	116	8,205	13.95	2.30	$20,483
Jan 1998	116	9,805	14.70	2.15	$22,833
Dec 1997	136	5,053	16.32	2.41	$14,403
Nov 1997	130	7,606	18.19	3.09	$25,854
Oct 1997	115	7,227	19.25	3.15	$24,978
Sep 1997	109	7,240	17.74	2.95	$23,327
Aug 1997	105	8,568	17.86	2.55	$23,764
Jul 1997	106	9,146	17.58	2.25	$22,414
Jun 1997	120	8,680	17.24	2.26	$21,661
May 1997	97	12,455	18.97	2.31	$30,592
Apr 1997	60	15,757	17.88	2.08	$33,891
Mar 1997	63	15,318	18.95	1.94	$30,898
Feb 1997	32	9,801	20.49	2.21	$22,276
Jan 1997	21	4,663	23.48	3.54	$16,999
Dec 1996	56	13,916	23.32	—	$1,306
Nov 1996	78	14,569	21.97	—	$1,714
Oct 1996	94	17,091	23.31	—	$2,191
Sep 1996	76	15,088	22.22	—	$1,689
Aug 1996	111	15,515	20.26	—	$2,249
Jul 1996	106	17,339	19.55	—	$2,072
Jun 1996	120	12,972	18.73	—	$2,248
May 1996	103	12,384	19.43	—	$2,001
Apr 1996	139	12,819	21.51	—	$2,990
Mar 1996	163	12,674	19.38	—	$3,159
Feb 1996	158	12,099	16.98	—	$2,683
Jan 1996	167	15,194	17.07	—	$2,851
Dec 1995	143	13,469	17.19	—	$2,458
Nov 1995	171	15,500	16.00	—	$2,736
Oct 1995	170	14,829	15.43	—	$2,623
Sep 1995	138	13,616	16.18	—	$2,233
Aug 1995	208	13,017	15.92	—	$3,311
Jul 1995	228	14,902	15.24	—	$3,475
Jun 1995	241	14,574	16.41	—	$3,955
May 1995	280	14,371	17.56	—	$4,917
Apr 1995	172	6,319	17.73	—	$3,050
Mar 1995	165	10,072	16.44	—	$2,713
Feb 1995	197	14,563	16.58	—	$3,266
Jan 1995	279	15,430	15.92	—	$4,442
Dec 1994	272	17,549	15.03	—	$4,088
Nov 1994	293	17,909	15.90	—	$4,659
Oct 1994	281	17,807	15.58	—	$4,378
Sep 1994	254	16,918	15.29	—	$3,884
Aug 1994	245	17,030	16.13	—	$3,952
Jul 1994	248	17,172	17.56	—	$4,355
Jun 1994	276	17,437	17.09	—	$4,717
May 1994	314	19,315	15.88	—	$4,986
Apr 1994	234	13,679	14.14	—	$3,309
Mar 1994	195	11,665	12.46	—	$2,430
Feb 1994	287	17,426	12.50	—	$3,588
Jan 1994	234	10,044	12.66	—	$2,962
Dec 1993	235	19,841	12.33	—	$2,898
Nov 1993	238	19,146	14.49	—	$3,449
Oct 1993	150	20,152	15.85	—	$2,378
Sep 1993	211	19,398	15.03	—	$3,171
Aug 1993	77	16,147	15.66	—	$1,206
Jul 1993	137	21,220	15.46	—	$2,118
Jun 1993	38	20,201	16.79	—	$638
May 1993	50	19,947	17.68	—	$884
Apr 1993	43	19,178	18.05	—	$776
Mar 1993	61	19,874	18.14	—	$1,107
Feb 1993	57	17,362	17.90	—	$1,020
Jan 1993	115	15,418	16.93	—	$1,947

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.

Dec 2002 — as filed, then multipliedworked

Condensate             0 bbl  × $ 26.91 =         $0
Gas                   55 Mcf  × $  4.85 =       $267

────────────────────────────────────────────────────
Month total                                     $267

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/70284 is the state's own key, not one this site invented.