ST. TR. 366-L NW/4

Name: ST. TR. 366-L NW/4 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FAIRWAYS OFFSHORE EXPL., INC. (P-5 259789) in the MIDDLE BANK REEF (MIOCENE 6000) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 96388District 03Field 61041200CondensateGasSave Export

Value, all time

$25.6 M

Jan 1993 – Mar 2016

Value, last 12 filed months

$71

at the published price for each month

Months reported

279

no gaps in the span

Streams

condensate, gas

The MIDDLE BANK REEF (MIOCENE 6000) 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

1979-12-20

as the register files it

Field class

Gas

the register's own label

Between wells

1,867 ft

minimum

From a lease line

933 ft

minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 1986-07-01.

The Commission's schedule remark for this field reads: “ONE WELL FIELD EFFECTIVE 9-1-98”

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	6,285 bbl	$329,845
Gas	Production	6,181,345 Mcf	$25,260,471
Total			$25,590,317

1,244,794 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 (279)

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

279 months


Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	1	0	27.35	2.36	$27
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	1	0	43.55	2.43	$44
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
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
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	4	0	104.25	3.52	$417
Jul 2013	30	0	102.52	3.72	$3,076
Jun 2013	0	0	94.40	3.93	$0
May 2013	21	0	94.83	4.15	$1,991
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	21	27,624	86.95	3.62	$101,962
Oct 2012	6	28,742	89.38	3.40	$98,250
Sep 2012	11	28,449	94.67	2.92	$84,067
Aug 2012	5	29,421	92.66	2.91	$86,024
Jul 2012	10	24,602	85.13	3.02	$75,169
Jun 2012	14	30,255	79.82	2.52	$77,331
May 2012	36	29,318	91.61	2.49	$76,251
Apr 2012	15	30,499	101.65	2.00	$62,425
Mar 2012	24	31,478	105.05	2.22	$72,468
Feb 2012	20	33,121	101.10	2.57	$87,151
Jan 2012	25	34,110	98.09	2.73	$95,712
Dec 2011	19	31,725	96.87	3.24	$104,621
Nov 2011	24	29,420	95.72	3.31	$99,715
Oct 2011	18	30,203	84.98	3.65	$111,726
Sep 2011	20	28,530	83.62	3.99	$115,387
Aug 2011	14	31,240	83.40	4.15	$130,792
Jul 2011	15	27,738	94.14	4.52	$126,711
Jun 2011	0	29,303	92.90	4.64	$135,962
May 2011	19	31,043	98.13	4.40	$138,603
Apr 2011	21	28,440	105.96	4.33	$125,464
Mar 2011	25	31,382	96.36	4.06	$129,736
Feb 2011	23	28,919	85.64	4.18	$122,851
Jan 2011	6	29,153	86.50	4.59	$134,296
Dec 2010	19	30,446	85.73	4.35	$134,000
Nov 2010	18	36,680	80.84	3.80	$140,668
Oct 2010	15	37,248	78.10	3.51	$131,871
Sep 2010	16	36,929	72.63	3.98	$148,120
Aug 2010	14	37,083	73.68	4.42	$164,915
Jul 2010	12	38,174	72.55	4.74	$181,681
Jun 2010	21	37,656	70.36	4.91	$186,384
May 2010	73	38,299	71.12	4.24	$167,396
Apr 2010	17	32,693	81.69	4.12	$136,172
Mar 2010	1	33,408	78.39	4.39	$146,695
Feb 2010	2	29,878	73.58	5.44	$162,754
Jan 2010	9	34,012	74.36	5.96	$203,520
Dec 2009	3	28,837	71.44	5.48	$158,349
Nov 2009	4	28,403	74.59	3.75	$106,852
Oct 2009	3	29,550	72.54	4.11	$121,676
Sep 2009	6	29,853	65.54	3.06	$91,885
Aug 2009	30	31,407	67.42	3.22	$103,106
Jul 2009	60	32,462	61.13	3.46	$116,132
Jun 2009	74	32,175	66.16	3.90	$130,217
May 2009	42	33,489	54.74	3.93	$133,769
Apr 2009	46	37,632	46.77	3.59	$137,156
Mar 2009	13	40,145	42.14	4.06	$163,496
Feb 2009	8	36,685	32.81	4.63	$170,224
Jan 2009	4	35,056	35.86	5.37	$188,429
Dec 2008	7	22,709	37.10	5.98	$135,995
Nov 2008	33	19,092	55.49	6.86	$132,809
Oct 2008	74	30,240	75.24	6.92	$214,888
Sep 2008	51	16,862	101.76	7.88	$138,013
Aug 2008	71	25,680	114.22	8.48	$225,954
Jul 2008	24	31,939	131.08	11.39	$366,913
Jun 2008	23	29,082	131.33	13.03	$382,036
May 2008	33	30,961	123.17	11.57	$362,416
Apr 2008	83	31,815	110.31	10.45	$341,777
Mar 2008	51	31,165	101.90	9.66	$306,378
Feb 2008	59	29,263	92.53	8.77	$262,113
Jan 2008	47	31,031	90.38	8.21	$258,880
Dec 2007	109	35,750	88.33	7.30	$270,673
Nov 2007	72	31,315	91.67	7.29	$234,940
Oct 2007	33	30,674	82.85	6.92	$215,059
Sep 2007	61	28,152	75.84	6.24	$180,412
Aug 2007	40	32,278	69.06	6.39	$208,952
Jul 2007	45	32,306	70.90	6.39	$209,559
Jun 2007	117	31,774	62.00	7.55	$247,098
May 2007	192	33,113	58.74	7.85	$271,092
Apr 2007	88	30,646	59.61	7.81	$244,444
Mar 2007	99	31,464	56.92	7.30	$235,384
Feb 2007	72	27,889	55.10	8.22	$233,103
Jan 2007	44	31,144	50.30	6.73	$211,714
Dec 2006	34	31,096	56.65	6.92	$217,062
Nov 2006	31	30,804	54.20	7.62	$236,329
Oct 2006	63	30,598	54.90	6.01	$187,469
Sep 2006	51	27,796	60.08	5.04	$143,078
Aug 2006	77	31,358	68.71	7.34	$235,456
Jul 2006	117	29,385	69.37	6.34	$194,498
Jun 2006	61	29,169	66.28	6.38	$190,254
May 2006	93	24,746	66.01	6.42	$165,132
Apr 2006	48	25,333	64.39	7.36	$189,554
Mar 2006	71	27,839	56.70	7.08	$201,207
Feb 2006	64	29,969	57.59	7.75	$235,979
Jan 2006	69	32,182	60.59	8.93	$291,673
Dec 2005	72	34,981	54.94	13.42	$473,240
Nov 2005	43	33,869	54.69	10.59	$360,970
Oct 2005	67	33,466	58.34	13.80	$465,598
Sep 2005	71	29,194	61.45	12.08	$356,997
Aug 2005	159	36,578	61.51	9.80	$368,129
Jul 2005	86	37,826	55.69	7.84	$301,483
Jun 2005	50	36,540	52.33	7.38	$272,320
May 2005	70	37,813	45.22	6.65	$254,666
Apr 2005	3	28,757	49.20	7.36	$211,813
Mar 2005	12	33,859	50.37	7.15	$242,862
Feb 2005	0	32,187	45.22	6.31	$203,162
Jan 2005	1	35,115	43.16	6.32	$222,047
Dec 2004	0	32,194	39.86	6.75	$217,344
Nov 2004	0	25,876	45.28	6.33	$163,806
Oct 2004	0	33,611	49.70	6.52	$218,979
Sep 2004	0	2,337	43.24	5.28	$12,348
Aug 2004	0	13,543	42.37	5.55	$75,173
Jul 2004	2	18,052	38.28	6.08	$109,908
Jun 2004	7	19,590	36.10	6.43	$126,276
May 2004	10	20,029	37.48	6.49	$130,455
Apr 2004	12	19,437	34.47	5.86	$114,285
Mar 2004	9	19,522	34.36	5.53	$108,269
Feb 2004	22	21,692	32.45	5.51	$120,229
Jan 2004	22	22,810	32.03	6.30	$144,399
Dec 2003	17	22,409	30.26	6.30	$141,728
Nov 2003	5	14,417	28.80	4.60	$66,392
Oct 2003	27	18,455	28.17	4.76	$88,600
Sep 2003	12	20,999	26.31	4.75	$100,048
Aug 2003	13	25,163	29.76	5.13	$129,466
Jul 2003	17	25,034	29.41	5.17	$129,947
Jun 2003	29	21,022	28.56	5.98	$126,602
May 2003	27	22,200	26.59	5.97	$133,311
Apr 2003	18	20,460	26.67	5.41	$111,113
Mar 2003	16	22,202	31.14	6.10	$135,843
Feb 2003	22	15,736	33.48	7.93	$125,458
Jan 2003	22	21,342	30.31	5.58	$119,799
Dec 2002	20	22,825	26.91	4.85	$111,325
Nov 2002	34	21,489	24.66	4.14	$89,738
Oct 2002	25	16,598	26.46	4.23	$70,856
Sep 2002	27	18,522	27.44	3.64	$68,072
Aug 2002	16	15,693	25.96	3.16	$50,071
Jul 2002	21	16,618	24.58	3.06	$51,397
Jun 2002	25	13,347	23.73	3.34	$45,149
May 2002	40	19,690	24.66	3.58	$71,555
Apr 2002	58	24,013	23.65	3.51	$85,713
Mar 2002	23	17,687	22.00	3.10	$55,384
Feb 2002	35	18,451	18.22	2.38	$44,471
Jan 2002	24	17,855	17.17	2.38	$42,830
Dec 2001	45	23,590	16.93	2.36	$56,538
Nov 2001	30	20,955	18.07	2.41	$50,950
Oct 2001	22	20,151	19.78	2.53	$51,395
Sep 2001	10	19,947	24.26	2.25	$45,150
Aug 2001	28	20,972	24.87	3.05	$64,727
Jul 2001	10	20,989	23.93	3.20	$67,343
Jun 2001	15	19,649	24.56	3.82	$75,509
May 2001	17	21,141	25.52	4.31	$91,495
Apr 2001	35	20,208	24.68	5.34	$108,680
Mar 2001	23	18,486	24.54	5.38	$99,953
Feb 2001	6	16,757	27.75	5.77	$96,805
Jan 2001	5	15,848	27.47	8.40	$133,241
Dec 2000	9	16,206	26.88	9.12	$148,081
Nov 2000	10	17,770	32.21	5.66	$100,865
Oct 2000	13	14,695	31.23	5.15	$76,019
Sep 2000	9	21,764	31.87	5.19	$113,166
Aug 2000	12	23,217	29.64	4.54	$105,778
Jul 2000	0	21,657	28.53	4.09	$88,572
Jun 2000	64	23,067	29.30	4.40	$103,307
May 2000	29	22,909	27.26	3.68	$85,090
Apr 2000	0	22,451	24.51	3.12	$69,957
Mar 2000	21	22,636	28.42	2.86	$65,330
Feb 2000	13	21,839	27.62	2.73	$59,903
Jan 2000	26	23,285	25.27	2.48	$58,415
Dec 1999	30	23,977	24.28	2.42	$58,842
Nov 1999	43	24,121	23.19	2.43	$59,707
Oct 1999	14	24,816	20.98	2.80	$69,871
Sep 1999	35	21,544	21.75	2.62	$57,182
Aug 1999	34	24,813	19.26	2.88	$72,007
Jul 1999	25	17,600	17.89	2.37	$42,201
Jun 1999	10	19,829	15.94	2.36	$46,997
May 1999	69	26,529	15.79	2.32	$62,664
Apr 1999	24	22,366	15.10	2.21	$49,748
Mar 1999	19	19,119	12.47	1.84	$35,384
Feb 1999	69	23,372	9.98	1.82	$43,174
Jan 1999	49	23,945	10.38	1.90	$46,003
Dec 1998	21	17,444	9.20	1.77	$31,127
Nov 1998	30	24,281	10.89	2.19	$53,398
Oct 1998	33	22,662	12.42	1.97	$45,036
Sep 1998	29	18,326	12.59	2.08	$38,531
Aug 1998	38	15,157	11.30	1.91	$29,339
Jul 1998	37	19,628	11.74	2.24	$44,348
Jun 1998	27	18,874	11.24	2.24	$42,530
May 1998	26	19,859	12.62	2.21	$44,144
Apr 1998	23	21,381	13.04	2.51	$53,866
Mar 1998	24	23,502	12.80	2.31	$54,584
Feb 1998	33	25,099	13.95	2.30	$58,166
Jan 1998	15	24,435	14.70	2.15	$52,873
Dec 1997	22	21,632	16.32	2.41	$52,516
Nov 1997	21	19,314	18.19	3.09	$60,029
Oct 1997	42	19,642	19.25	3.15	$62,677
Sep 1997	26	20,581	17.74	2.95	$61,276
Aug 1997	13	19,909	17.86	2.55	$51,095
Jul 1997	13	22,330	17.58	2.25	$50,403
Jun 1997	18	22,290	17.24	2.26	$50,623
May 1997	9	13,011	18.97	2.31	$30,207
Apr 1997	17	14,988	17.88	2.08	$31,521
Mar 1997	47	17,923	18.95	1.94	$35,646
Feb 1997	36	20,492	20.49	2.21	$45,941
Jan 1997	22	20,932	23.48	3.54	$74,610
Dec 1996	13	19,894	23.32	—	$303
Nov 1996	28	18,927	21.97	—	$615
Oct 1996	1	13,924	23.31	—	$23
Sep 1996	8	15,646	22.22	—	$178
Aug 1996	7	16,065	20.26	—	$142
Jul 1996	0	14,802	19.55	—	$0
Jun 1996	0	18,003	18.73	—	$0
May 1996	0	17,275	19.43	—	$0
Apr 1996	7	17,403	21.51	—	$151
Mar 1996	6	20,838	19.38	—	$116
Feb 1996	8	21,664	16.98	—	$136
Jan 1996	11	21,554	17.07	—	$188
Dec 1995	14	30,585	17.19	—	$241
Nov 1995	2	19,611	16.00	—	$32
Oct 1995	2	20,568	15.43	—	$31
Sep 1995	0	20,851	16.18	—	$0
Aug 1995	0	21,938	15.92	—	$0
Jul 1995	0	26,707	15.24	—	$0
Jun 1995	0	26,414	16.41	—	$0
May 1995	0	26,866	17.56	—	$0
Apr 1995	0	27,075	17.73	—	$0
Mar 1995	0	29,122	16.44	—	$0
Feb 1995	0	25,114	16.58	—	$0
Jan 1995	0	28,195	15.92	—	$0
Dec 1994	0	30,438	15.03	—	$0
Nov 1994	0	28,845	15.90	—	$0
Oct 1994	0	29,414	15.58	—	$0
Sep 1994	0	27,649	15.29	—	$0
Aug 1994	0	28,441	16.13	—	$0
Jul 1994	0	27,161	17.56	—	$0
Jun 1994	0	26,454	17.09	—	$0
May 1994	0	26,427	15.88	—	$0
Apr 1994	1	25,085	14.14	—	$14
Mar 1994	0	29,533	12.46	—	$0
Feb 1994	25	22,380	12.50	—	$313
Jan 1994	1	31,536	12.66	—	$13
Dec 1993	1	35,099	12.33	—	$12
Nov 1993	7	31,147	14.49	—	$101
Oct 1993	0	33,566	15.85	—	$0
Sep 1993	11	32,608	15.03	—	$165
Aug 1993	1	32,704	15.66	—	$16
Jul 1993	0	30,714	15.46	—	$0
Jun 1993	43	34,499	16.79	—	$722
May 1993	19	35,866	17.68	—	$336
Apr 1993	4	33,460	18.05	—	$72
Mar 1993	0	32,074	18.14	—	$0
Feb 1993	14	30,571	17.90	—	$251
Jan 1993	0	30,082	16.93	—	$0

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.

Jan 2016 — as filed, then multipliedworked

Condensate             1 bbl  × $ 27.35 =        $27
Gas                    0 Mcf  × $  2.36 =         $0

────────────────────────────────────────────────────
Month total                                      $27

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/96388 is the state's own key, not one this site invented.