STATE TRACT 520-L, NW/4

Operated by TR OFFSHORE, LLC (P-5 863725) in the EL GORDO (MIOCENE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 70868District 03Field 27964255CondensateGasSaveExport
Value, all time
$24.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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 other leases, and the rule below applies to all of them.

Discovered
1976-12-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
2,640 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 1984-10-01.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST EFFECTIVE 2/1/94

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
CondensateDisposition91,802 bbl$1,872,106
GasProduction14,037,913 Mcf$22,513,775
Total$24,385,882

7,681,726 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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 201120083.404.15$1,668
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20101085.734.35$86
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 201054081.694.12$4,411
Mar 20100078.394.39$0
Feb 201058073.585.44$4,268
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 2009160074.593.75$11,934
Oct 20093391072.544.11$24,632
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 2006207064.397.36$13,329
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 200504258.3413.80$579
Sep 20050061.4512.08$0
Aug 20054714461.519.80$4,302
Jul 20050055.697.84$0
Jun 2005011852.337.38$871
May 2005498145.226.65$6,706
Apr 2005263,06649.207.36$23,846
Mar 2005021,15350.377.15$151,347
Feb 200533922,94445.226.31$160,150
Jan 200556825,64243.166.32$186,629
Dec 200419824,17039.866.75$171,066
Nov 200437930,22145.286.33$208,473
Oct 200468031,41449.706.52$238,461
Sep 2004030,54343.245.28$161,386
Aug 200430043,34242.375.55$253,288
Jul 200422540,47638.286.08$254,876
Jun 200427146,53236.106.43$309,124
May 200427544,77237.486.49$301,082
Apr 200425041,71934.475.86$253,027
Mar 200433242,75634.365.53$247,854
Feb 200432638,94632.455.51$225,156
Jan 200429543,74732.036.30$285,039
Dec 200325640,83130.266.30$265,049
Nov 200314543,05928.804.60$202,039
Oct 200318443,93028.174.76$214,274
Sep 200317643,92826.314.75$213,260
Aug 200317841,66329.765.13$219,017
Jul 200316642,36829.415.17$223,960
Jun 200318242,71028.565.98$260,730
May 200320244,44126.595.97$270,803
Apr 200320843,56326.675.41$241,105
Mar 200324641,50031.146.10$260,646
Feb 200317835,79933.487.93$289,698
Jan 200317234,07630.315.58$195,427
Dec 200210533,22126.914.85$164,072
Nov 200212738,66824.664.14$163,100
Oct 200210732,93226.464.23$142,105
Sep 20029934,85427.443.64$129,418
Aug 20028739,34725.963.16$126,759
Jul 200230742,91624.583.06$138,945
Jun 200220227,33123.733.34$96,031
May 200246246,86624.663.58$179,361
Apr 200243241,38023.653.51$155,557
Mar 200272745,17622.003.10$156,162
Feb 200251842,79818.222.38$111,112
Jan 200235345,52017.172.38$114,202
Dec 200138850,17916.932.36$125,212
Nov 200117840,94618.072.41$101,713
Oct 200141943,40519.782.53$118,054
Sep 200133343,44924.262.25$105,896
Aug 200139055,62024.873.05$179,516
Jul 200127344,90423.933.20$150,095
Jun 200121044,05824.563.82$173,642
May 200126965,70625.524.31$289,882
Apr 200125858,13324.685.34$316,526
Mar 200133073,33924.545.38$402,401
Feb 200126674,67327.755.77$438,027
Jan 200132575,81227.478.40$645,655
Dec 200050685,86326.889.12$796,887
Nov 200058284,04232.215.66$494,256
Oct 200061073,94631.235.15$399,539
Sep 20001,17665,69831.875.19$378,222
Aug 20001,20488,08629.644.54$435,663
Jul 20001,06560,02928.534.09$275,888
Jun 200069277,90329.304.40$362,835
May 200057478,20627.263.68$303,426
Apr 200058579,87524.513.12$263,229
Mar 200043175,93428.422.86$229,401
Feb 200042368,02127.622.73$197,143
Jan 200054874,85725.272.48$199,531
Dec 199951368,39324.282.42$178,221
Nov 199993169,13823.192.43$189,871
Oct 19998057,00320.982.80$161,498
Sep 199944168,04421.752.62$187,789
Aug 199959979,16119.262.88$239,172
Jul 199945784,91217.892.37$209,618
Jun 199946682,99115.942.36$203,461
May 199941991,58915.792.32$219,196
Apr 199937789,40915.102.21$203,112
Mar 19991,01292,13312.471.84$181,991
Feb 199932382,6699.981.82$153,498
Jan 199930592,78210.381.90$179,447
Dec 199874794,9079.201.77$175,173
Nov 199836692,08610.892.19$205,260
Oct 1998057,46312.421.97$113,157
Sep 19980012.592.08$0
Aug 199806,81511.301.91$12,999
Jul 199877986,12911.742.24$201,839
Jun 199823594,49711.242.24$214,057
May 199834294,98512.622.21$213,885
Apr 1998278102,60713.042.51$260,690
Mar 199878057,89012.802.31$143,677
Feb 199849581,51113.952.30$194,310
Jan 1998718112,67814.702.15$253,352
Dec 1997844118,51916.322.41$299,535
Nov 1997754116,70618.193.09$374,134
Oct 1997734124,65319.253.15$406,764
Sep 1997705119,62217.742.95$365,975
Aug 199766297,32717.862.55$260,469
Jul 1997703122,20417.582.25$286,944
Jun 1997628108,08217.242.26$254,789
May 1997811127,37318.972.31$309,425
Apr 1997794127,20717.882.08$279,141
Mar 1997920125,03718.951.94$259,898
Feb 1997851111,83020.492.21$264,123
Jan 19971,186133,53623.483.54$500,525
Dec 1996784128,70323.32$18,283
Nov 1996873123,67021.97$19,180
Oct 1996707144,12523.31$16,480
Sep 1996723136,11022.22$16,065
Aug 1996893135,55420.26$18,092
Jul 1996987137,38219.55$19,296
Jun 19961,025137,23418.73$19,198
May 1996957142,58719.43$18,595
Apr 1996797139,97321.51$17,143
Mar 1996906162,19219.38$17,558
Feb 1996773134,12416.98$13,126
Jan 1996952145,20917.07$16,251
Dec 19951,001159,86117.19$17,207
Nov 1995783133,44016.00$12,528
Oct 1995919149,52915.43$14,180
Sep 1995624107,56216.18$10,096
Aug 1995758133,00715.92$12,067
Jul 1995870143,80815.24$13,259
Jun 1995967150,64616.41$15,868
May 1995964166,06417.56$16,928
Apr 19951,584130,23317.73$28,084
Mar 1995761120,47716.44$12,511
Feb 199552670,93616.58$8,721
Jan 19951,119126,01115.92$17,814
Dec 19941,210168,41615.03$18,186
Nov 1994924158,30815.90$14,692
Oct 19941,041178,26215.58$16,219
Sep 1994947165,17415.29$14,480
Aug 19941,029181,84816.13$16,598
Jul 19941,062193,84317.56$18,649
Jun 19941,039186,79617.09$17,757
May 19941,373199,08515.88$21,803
Apr 19941,023178,16214.14$14,465
Mar 19941,196194,32812.46$14,902
Feb 19941,300138,39212.50$16,250
Jan 19941,285204,50812.66$16,268
Dec 19931,334202,51412.33$16,448
Nov 19931,010186,48014.49$14,635
Oct 19931,071215,35215.85$16,975
Sep 19931,086189,09915.03$16,323
Aug 19931,142198,90515.66$17,884
Jul 19931,109197,35015.46$17,145
Jun 19931,359198,23416.79$22,818
May 19931,367193,51217.68$24,169
Apr 19931,342194,04718.05$24,223
Mar 19931,235198,70618.14$22,403
Feb 1993912114,24117.90$16,325
Jan 1993690187,72716.93$11,682

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.

Aug 2011 — as filed, then multipliedworked
Condensate            20 bbl  × $ 83.40 =     $1,668
Gas                    0 Mcf  × $  4.15 =         $0

────────────────────────────────────────────────────
Month total                                   $1,668

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/70868 is the state's own key, not one this site invented.