KENNON

Operated by TRIVIUM OPERATING, LLC (P-5 871168) in the FT. TRINIDAD, NE. (GLENROSE, UP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 97051District 03Field 32172550CondensateGasSaveExport
Value, all time
$2.0 M
Jan 1993 – Mar 2016
Value, last 12 filed months
$0
at the published price for each month
Months reported
279
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 6 leases and 6 wells, and the rule below applies to all of them.

Discovered
1981-01-13
as the register files it
Field class
Gas
the register's own label
Between wells
2,640 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 320 acres.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED PER OPERATOR REQUEST, EFF 3-1-95.

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
CondensateDisposition20,464 bbl$573,762
GasProduction396,896 Mcf$1,393,576
Total$1,967,337

107,383 Mcf of this lease's gas, across 32 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 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 201222079.822.52$1,756
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 201106592.904.64$302
May 2011036898.134.40$1,621
Apr 20110111105.964.33$481
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
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 20100471.124.24$17
Apr 201007881.694.12$322
Mar 20100078.394.39$0
Feb 20100973.585.44$49
Jan 2010012474.365.96$740
Dec 2009029671.445.48$1,623
Nov 20094311174.593.75$3,624
Oct 20090272.544.11$8
Sep 200905865.543.06$178
Aug 2009029567.423.22$949
Jul 20091841,54261.133.46$16,590
Jun 200901,57666.163.90$6,139
May 200901,70954.743.93$6,709
Apr 200902,84446.773.59$10,203
Mar 2009162942.144.06$2,595
Feb 200911,07132.814.63$4,995
Jan 20091931,20335.865.37$13,382
Dec 200801,66137.105.98$9,928
Nov 200812,16355.496.86$14,894
Oct 200817222575.246.92$14,499
Sep 20080201101.767.88$1,583
Aug 20080680114.228.48$5,768
Jul 20080904131.0811.39$10,296
Jun 200811,412131.3313.03$18,533
May 20081911,561123.1711.57$41,593
Apr 200801,449110.3110.45$15,149
Mar 200801,511101.909.66$14,602
Feb 20081881,62492.538.77$31,639
Jan 200801,92290.388.21$15,771
Dec 20071872,03788.337.30$31,392
Nov 200701,86891.677.29$13,621
Oct 20075433382.856.92$6,779
Sep 2007191875.846.24$5,808
Aug 200701,51769.066.39$9,691
Jul 20071781,72470.906.39$23,633
Jun 200721,14662.007.55$8,775
May 200711,47958.747.85$11,663
Apr 20071831,57759.617.81$23,217
Mar 200721,73356.927.30$12,768
Feb 20071261,33455.108.22$17,903
Jan 200701,56850.306.73$10,548
Dec 20061791,76156.656.92$22,324
Nov 200601,50254.207.62$11,441
Oct 20061301,59154.906.01$16,705
Sep 20061851,56760.085.04$19,008
Aug 20061801,63468.717.34$24,361
Jul 200601,80569.376.34$11,449
Jun 200601,96366.286.38$12,532
May 200602,10166.016.42$13,499
Apr 200602,13564.397.36$15,715
Mar 20061891,86856.707.08$23,947
Feb 20061821,62357.597.75$23,061
Jan 200602,07960.598.93$18,572
Dec 200502,29654.9413.42$30,802
Nov 200502,08054.6910.59$22,024
Oct 20053751,75958.3413.80$46,144
Sep 200501,72861.4512.08$20,873
Aug 200501,91961.519.80$18,800
Jul 200501,93455.697.84$15,170
Jun 200501,83452.337.38$13,537
May 20053571,97345.226.65$29,266
Apr 200501,88949.207.36$13,904
Mar 200501,98150.377.15$14,174
Feb 200501,64845.226.31$10,402
Jan 200501,73043.166.32$10,937
Dec 20043731,71539.866.75$26,446
Nov 200401,91445.286.33$12,116
Oct 200401,67649.706.52$10,919
Sep 200401,31643.245.28$6,954
Aug 20043651,65442.375.55$24,646
Jul 200401,50038.286.08$9,126
Jun 200401,98036.106.43$12,737
May 200401,83437.486.49$11,911
Apr 20041851,74134.475.86$16,577
Mar 200401,78834.365.53$9,888
Feb 20041871,73232.455.51$15,611
Jan 200401,92032.036.30$12,095
Dec 20031781,92130.266.30$17,492
Nov 20031761,86628.804.60$13,643
Oct 200301,96328.174.76$9,343
Sep 20031841,83826.314.75$13,570
Aug 200301,78029.765.13$9,131
Jul 200301,51129.415.17$7,813
Jun 20033562,08128.565.98$22,618
May 200302,04626.595.97$12,220
Apr 200301,29226.675.41$6,986
Mar 200301,37131.146.10$8,358
Feb 20031911,23333.487.93$16,167
Jan 200301,63830.315.58$9,143
Dec 200201,87726.914.85$9,111
Nov 200201,78724.664.14$7,393
Oct 20021902,03326.464.23$13,625
Sep 200202,12827.443.64$7,736
Aug 200202,45725.963.16$7,774
Jul 20021911,48724.583.06$9,248
Jun 200201,89523.733.34$6,326
May 200202,07924.663.58$7,451
Apr 20021881,49623.653.51$9,701
Mar 200201,37422.003.10$4,263
Feb 200201,36818.222.38$3,250
Jan 200201,84117.172.38$4,374
Dec 200102,29816.932.36$5,433
Nov 200101,22418.072.41$2,944
Oct 200102,11519.782.53$5,349
Sep 200101,71524.262.25$3,861
Aug 200101,70924.873.05$5,218
Jul 20011951,64023.933.20$9,910
Jun 200102,11924.563.82$8,103
May 200102,14625.524.31$9,244
Apr 20011941,94724.685.34$15,176
Mar 200102,38924.545.38$12,844
Feb 200102,07527.755.77$11,967
Jan 20011941,84727.478.40$20,842
Dec 200001,25426.889.12$11,440
Nov 200001,35032.215.66$7,638
Oct 20001951,62631.235.15$14,456
Sep 200001,74031.875.19$9,025
Aug 20001931,79729.644.54$13,880
Jul 200001,80828.534.09$7,394
Jun 200001,80629.304.40$7,941
May 200001,73227.263.68$6,373
Apr 20001892,28324.513.12$11,746
Mar 200001,90828.422.86$5,456
Feb 20001971,78627.622.73$10,311
Jan 200001,86525.272.48$4,626
Dec 19991962,33624.282.42$10,421
Nov 199902,76023.192.43$6,718
Oct 19991822,74020.982.80$11,501
Sep 199902,89621.752.62$7,584
Aug 19991893,05819.262.88$12,434
Jul 199903,03717.892.37$7,205
Jun 199903,33515.942.36$7,878
May 19991912,80315.792.32$9,522
Apr 199903,06315.102.21$6,763
Mar 19991822,63512.471.84$7,114
Feb 199902,2659.981.82$4,117
Jan 19993832,27910.381.90$8,306
Dec 199802,3639.201.77$4,190
Nov 199802,80410.892.19$6,129
Oct 199803,04512.421.97$5,996
Sep 19981372,89512.592.08$7,754
Aug 199801,22811.301.91$2,342
Jul 19981921,13611.742.24$4,796
Jun 19981941,74611.242.24$6,087
May 199802,39912.622.21$5,293
Apr 19981962,23513.042.51$8,155
Mar 199802,78212.802.31$6,425
Feb 19981862,52813.952.30$8,407
Jan 19981922,89714.702.15$9,065
Dec 199702,93916.322.41$7,086
Nov 19973322,68318.193.09$14,325
Oct 199702,88819.253.15$9,097
Sep 19971692,75217.742.95$11,130
Aug 19971802,39517.862.55$9,333
Jul 199702,34517.582.25$5,269
Jun 19971852,85017.242.26$9,622
May 199702,85318.972.31$6,586
Apr 19971952,72417.882.08$9,160
Mar 19971602,61318.951.94$8,099
Feb 19971652,48920.492.21$8,871
Jan 19971712,36423.483.54$12,383
Dec 19961722,18823.32$4,011
Nov 19961821,97521.97$3,999
Oct 199602,10223.31$0
Sep 19963442,00522.22$7,644
Aug 19961902,79220.26$3,849
Jul 19961892,97419.55$3,695
Jun 19963663,03618.73$6,855
May 19961793,42119.43$3,478
Apr 19963573,06621.51$7,679
Mar 19963632,84719.38$7,035
Feb 19963652,78816.98$6,198
Jan 19962283,58517.07$3,892
Dec 19955413,77317.19$9,300
Nov 19953573,98016.00$5,712
Oct 19953563,86315.43$5,493
Sep 19954373,55816.18$7,071
Aug 19951775,09715.92$2,818
Jul 19953644,01415.24$5,547
Jun 199504,22516.41$0
May 19952231,73617.56$3,916
Apr 19952262,71117.73$4,007
Mar 19953413,48816.44$5,606
Feb 199504,16916.58$0
Jan 19956404,37615.92$10,189
Dec 19941783,57115.03$2,675
Nov 19945471,99415.90$8,697
Oct 19941694,96815.58$2,633
Sep 19943706,05415.29$5,657
Aug 19941853,62916.13$2,984
Jul 19943712,15717.56$6,515
Jun 19941724,29617.09$2,939
May 199402,94515.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 1993269015.46$4,159
Jun 19930016.79$0
May 19930017.68$0
Apr 19930018.05$0
Mar 19930018.14$0
Feb 19930017.90$0
Jan 19930016.93$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.

Jun 2012 — as filed, then multipliedworked
Condensate            22 bbl  × $ 79.82 =     $1,756
Gas                    0 Mcf  × $  2.52 =         $0

────────────────────────────────────────────────────
Month total                                   $1,756

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/97051 is the state's own key, not one this site invented.