SEVEN J. STOCK FARM, INC.

Operated by PARTEN OPERATING INC. (P-5 642718) in the FORT TRINIDAD (GEORGETOWN LIME) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10119District 03Field 32156426OilCasinghead gasSave
Value, all time
$432 k
Jan 1993 – Jul 2002
Value, last 12 filed months
$0
at the published price for each month
Months reported
115
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition26,124 bbl$429,313
Casinghead gasProduction8,381 Mcf$2,422
Total$431,735

7,394 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 (115)

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

115 months

Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 2000319028.422.86$9,066
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 1999201021.752.62$4,372
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 199901059.981.82$191
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 199708016.322.41$193
Nov 199703718.193.09$114
Oct 199709019.253.15$283
Sep 199707117.742.95$210
Aug 199717811717.862.55$3,478
Jul 199717610717.582.25$3,335
Jun 199736310717.242.26$6,500
May 19972010718.972.31$626
Apr 19970017.882.08$0
Mar 199720010918.951.94$4,001
Feb 19970820.492.21$18
Jan 199784923.483.54$361
Dec 1996108623.32$233
Nov 19961793421.97$3,933
Oct 19961808623.31$4,196
Sep 19961917922.22$4,244
Aug 1996610520.26$122
Jul 19963758619.55$7,331
Jun 199608618.73$0
May 199619711719.43$3,828
Apr 19961958321.51$4,194
Mar 199618010519.38$3,488
Feb 19963885616.98$6,588
Jan 199653111717.07$9,064
Dec 1995118317.19$189
Nov 19953345216.00$5,344
Oct 1995011315.43$0
Sep 199532111016.18$5,194
Aug 199550711715.92$8,071
Jul 199534712015.24$5,288
Jun 199535011316.41$5,744
May 19955012,67517.56$8,798
Apr 199550310917.73$8,918
Mar 199551310816.44$8,434
Feb 199534810016.58$5,770
Jan 199570911215.92$11,287
Dec 199471610315.03$10,761
Nov 19941766615.90$2,798
Oct 199470411715.58$10,968
Sep 199462511415.29$9,556
Aug 199449211316.13$7,936
Jul 199467611217.56$11,871
Jun 199468111317.09$11,638
May 199486011515.88$13,657
Apr 199469010014.14$9,757
Mar 199468311712.46$8,510
Feb 199482710112.50$10,338
Jan 199470910512.66$8,976
Dec 199386511812.33$10,665
Nov 19938868414.49$12,838
Oct 19935199615.85$8,226
Sep 199384811315.03$12,745
Aug 199367611715.66$10,586
Jul 199368610015.46$10,606
Jun 199388412016.79$14,842
May 19931,10812017.68$19,589
Apr 199384411618.05$15,234
Mar 19931,05512418.14$19,138
Feb 19938889617.90$15,895
Jan 19936856216.93$11,597

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.

Mar 2000 — as filed, then multipliedworked
Oil                  319 bbl  × $ 28.42 =     $9,066
Casinghead gas         0 Mcf  × $  2.86 =         $0

────────────────────────────────────────────────────
Month total                                   $9,066

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/O/10119 is the state's own key, not one this site invented.