STATE TRACT 520-L, NW/4

Operated by TR OFFSHORE, LLC (P-5 863725) in the EL GORDO (11800) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 71459District 03Field 27964650CondensateGasSaveExport
Value, all time
$16.0 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
1977-05-01
as the register files it
Field class
Gas
the register's own label
Between wells
1,320 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 1984-08-01.

The Commission's schedule remark for this field reads: FORMULA EFF. 5-1-79. PER DOCKET #3-71655.

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
CondensateDisposition57,821 bbl$1,713,900
GasProduction5,853,321 Mcf$14,250,560
Total$15,964,459

2,796,285 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 20110083.404.15$0
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 20100085.734.35$0
Nov 20101080.843.80$81
Oct 20105078.103.51$391
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 201007870.364.91$383
May 2010082471.124.24$3,490
Apr 201033511,28281.694.12$73,878
Mar 201003,60778.394.39$15,830
Feb 20102446,96073.585.44$55,832
Jan 201009,00274.365.96$53,689
Dec 200905,46571.445.48$29,969
Nov 20092693,55174.593.75$33,386
Oct 200941012,50872.544.11$81,152
Sep 20091,00311,86565.543.06$102,100
Aug 200906,10867.423.22$19,659
Jul 200903,68761.133.46$12,774
Jun 20092,12714,56566.163.90$197,453
May 2009014,54354.743.93$57,092
Apr 2009013,76246.773.59$49,371
Mar 2009014,23842.144.06$57,792
Feb 20091,26412,85832.814.63$101,043
Jan 2009014,18335.865.37$76,177
Dec 2008012,64037.105.98$75,551
Nov 200858714,56455.496.86$132,487
Oct 2008015,34275.246.92$106,197
Sep 2008013,373101.767.88$105,340
Aug 200803,619114.228.48$30,700
Jul 2008907,039131.0811.39$91,967
Jun 2008010,710131.3313.03$139,579
May 2008012,763123.1711.57$147,723
Apr 2008010,171110.3110.45$106,336
Mar 2008011,298101.909.66$109,185
Feb 20082878,79392.538.77$103,676
Jan 2008668,86190.388.21$78,676
Dec 2007010,64388.337.30$77,715
Nov 2007010,90691.677.29$79,523
Oct 20077289,22882.856.92$124,191
Sep 2007010,61475.846.24$66,276
Aug 2007010,56169.066.39$67,463
Jul 200731210,84570.906.39$91,398
Jun 2007010,93562.007.55$82,542
May 200773911,84458.747.85$136,340
Apr 200712010,09059.617.81$85,908
Mar 200707,78656.927.30$56,853
Feb 200705,67355.108.22$46,609
Jan 20071015,90850.306.73$44,823
Dec 2006010,20756.656.92$70,617
Nov 2006016,15754.207.62$123,076
Oct 200636717,13954.906.01$123,219
Sep 2006299,23360.085.04$48,251
Aug 2006020,06768.717.34$147,290
Jul 200610119,61869.376.34$131,439
Jun 2006021,07266.286.38$134,521
May 2006021,87566.016.42$140,547
Apr 200624821,60564.397.36$174,992
Mar 200661722,81156.707.08$196,552
Feb 2006017,35757.597.75$134,536
Jan 200649417,40860.598.93$185,443
Dec 200512919,79954.9413.42$272,699
Nov 200511718,12354.6910.59$198,292
Oct 2005023,64258.3413.80$326,159
Sep 2005021,46061.4512.08$259,215
Aug 2005665,01861.519.80$53,220
Jul 200521855.697.84$253
Jun 2005020,63352.337.38$152,293
May 200531227,07345.226.65$194,175
Apr 200541825,38149.207.36$207,382
Mar 2005025,88350.377.15$185,190
Feb 200541527,45545.226.31$192,060
Jan 200563928,54943.166.32$208,072
Dec 200423727,45839.866.75$194,818
Nov 200445534,46045.286.33$238,749
Oct 200481636,00149.706.52$275,105
Sep 2004040,26743.245.28$212,767
Aug 200435920,97142.375.55$131,614
Jul 200426215,85038.286.08$106,464
Jun 200431216,89336.106.43$119,936
May 200433015,81437.486.49$115,074
Apr 200430010,80934.475.86$73,665
Mar 200439912,15234.365.53$80,912
Feb 200439112,84332.455.51$83,448
Jan 200435415,67232.036.30$110,067
Dec 200330717,43830.266.30$119,178
Nov 200317418,40728.804.60$89,594
Oct 200322018,53228.174.76$94,403
Sep 200321118,23226.314.75$92,142
Aug 200320717,15129.765.13$94,140
Jul 200319815,17229.415.17$84,275
Jun 200321915,43328.565.98$98,590
May 200324215,87226.595.97$101,233
Apr 200325015,64526.675.41$91,264
Mar 200329616,86631.146.10$112,033
Feb 200321215,62633.487.93$130,948
Jan 200320613,44330.315.58$81,283
Dec 200212714,37426.914.85$73,186
Nov 200219014,81024.664.14$65,954
Oct 200216016,59726.464.23$74,424
Sep 200213213,79527.443.64$53,770
Aug 200211615,85025.963.16$53,163
Jul 200215316,85524.583.06$55,367
Jun 20021019,79323.733.34$35,088
May 20022317,71324.663.58$33,340
Apr 200221611,13523.653.51$44,218
Mar 200236320,47222.003.10$71,505
Feb 200234615,58818.222.38$43,336
Jan 200223610,46217.172.38$28,906
Dec 200125813,82916.932.36$37,065
Nov 200111414,02118.072.41$35,788
Oct 200126723,14219.782.53$63,805
Sep 200121227,49924.262.25$67,052
Aug 200124815,75424.873.05$54,267
Jul 20011738,57523.933.20$31,555
Jun 200113417,02224.563.82$68,386
May 20019019,79325.524.31$87,552
Apr 20016515,18424.685.34$82,616
Mar 20011887,23524.545.38$43,512
Feb 200115312,77927.755.77$77,943
Jan 200118525,46227.478.40$218,931
Dec 200020327,48326.889.12$256,170
Nov 200037831,44732.215.66$190,103
Oct 200038433,29431.235.15$183,307
Sep 200076432,19331.875.19$191,318
Aug 20005479,02029.644.54$57,171
Jul 200035611,79528.534.09$58,395
Jun 200023017,18429.304.40$82,301
May 200019220,34027.263.68$80,080
Apr 200019525,07524.513.12$82,913
Mar 200014416,63128.422.86$51,653
Feb 20001413,23227.622.73$12,706
Jan 20002306,21325.272.48$21,223
Dec 199922815,72824.282.42$43,656
Nov 199962024,19123.192.43$73,258
Oct 19996532,26320.982.80$91,820
Sep 199929426,55221.752.62$75,930
Aug 199939949,69419.262.88$150,585
Jul 199929537,02417.892.37$93,112
Jun 199931144,84415.942.36$110,883
May 199933541,42815.792.32$101,445
Apr 199945235,55215.102.21$85,326
Mar 19991,41739,82512.471.84$90,881
Feb 199940250,6219.981.82$96,030
Jan 199932338,02310.381.90$75,595
Dec 199848628,8529.201.77$55,635
Nov 19987809,90810.892.19$30,150
Oct 1998013,84112.421.97$27,256
Sep 1998014,70012.592.08$30,615
Aug 199842618,78111.301.91$40,636
Jul 199885029,96211.742.24$77,012
Jun 199829932,25511.242.24$75,524
May 199843536,58712.622.21$86,213
Apr 199837130,36413.042.51$80,910
Mar 199817813,19212.802.31$32,745
Feb 19988914,66313.952.30$34,954
Jan 199814227,88214.702.15$62,167
Dec 199732745,99816.322.41$116,242
Nov 199729545,70218.193.09$146,506
Oct 199719933,80319.253.15$110,304
Sep 199718631,47917.742.95$96,316
Aug 199719028,01317.862.55$74,959
Jul 199716127,99717.582.25$65,738
Jun 199710618,29917.242.26$43,132
May 199722835,79518.972.31$86,958
Apr 199726842,94817.882.08$94,243
Mar 199726636,11218.951.94$75,067
Feb 199729038,17220.492.21$90,146
Jan 199741346,45823.483.54$174,145
Dec 199630049,29823.32$6,996
Nov 199629842,22221.97$6,547
Oct 199624048,95723.31$5,594
Sep 199623844,80722.22$5,288
Aug 199632248,81420.26$6,524
Jul 199634848,41119.55$6,803
Jun 199635847,86218.73$6,705
May 199637756,18819.43$7,325
Apr 199629752,24121.51$6,388
Mar 199624844,33819.38$4,806
Feb 199626546,04716.98$4,500
Jan 199633951,79317.07$5,787
Dec 199531550,37317.19$5,415
Nov 199528248,00416.00$4,512
Oct 199521034,16915.43$3,240
Sep 199530452,38816.18$4,919
Aug 199532657,26015.92$5,190
Jul 199537261,45915.24$5,669
Jun 199536957,44516.41$6,055
May 199534258,91317.56$6,006
Apr 199554344,61217.73$9,627
Mar 199532451,32916.44$5,327
Feb 199523431,50516.58$3,880
Jan 199550156,37615.92$7,976
Dec 199444461,77315.03$6,673
Nov 199434959,84915.90$5,549
Oct 199439667,82815.58$6,170
Sep 199437365,11015.29$5,703
Aug 199433959,85916.13$5,468
Jul 199435665,03217.56$6,251
Jun 199437968,13017.09$6,477
May 199447468,76515.88$7,527
Apr 199432756,98514.14$4,624
Mar 199446675,66712.46$5,806
Feb 199455759,22212.50$6,963
Jan 199440664,64612.66$5,140
Dec 199334251,86612.33$4,217
Nov 199311521,23814.49$1,666
Oct 199336974,19715.85$5,849
Sep 199342974,76515.03$6,448
Aug 199342273,50915.66$6,609
Jul 199334361,07215.46$5,303
Jun 199345366,12316.79$7,606
May 199350871,88917.68$8,981
Apr 199352375,62918.05$9,440
Mar 199356891,46818.14$10,304
Feb 199362481,49417.90$11,170
Jan 199356095,35816.93$9,481

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.

Nov 2010 — as filed, then multipliedworked
Condensate             1 bbl  × $ 80.84 =        $81
Gas                    0 Mcf  × $  3.80 =         $0

────────────────────────────────────────────────────
Month total                                      $81

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/71459 is the state's own key, not one this site invented.