ALLEN, WILLIAM E.

Operated by RAGARS OIL & GAS CO. (P-5 687920) in the MUSTANG CREEK (YEGUA 6270) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11397District 03Field 64086512OilCasinghead gasSaveExport
Value, all time
$378 k
Jan 1993 – Nov 2016
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
287
no gaps in the span
Streams
2
oil, casinghead 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 5 leases and 6 wells, and the rule below applies to all of them.

Discovered
1975-02-16
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition817 bbl$16,411
Casinghead gasProduction83,764 Mcf$362,076
Total$378,487

20,719 Mcf of this lease's gas, across 30 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 (287)

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

287 months

Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 201681041.442.92$3,357
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 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 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
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 2009014142.144.06$572
Feb 2009056232.814.63$2,604
Jan 2009077535.865.37$4,163
Dec 2008061637.105.98$3,682
Nov 2008053155.496.86$3,643
Oct 2008061475.246.92$4,250
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 20080511131.0811.39$5,820
Jun 20080282131.3313.03$3,675
May 20080567123.1711.57$6,563
Apr 20080605110.3110.45$6,325
Mar 20080604101.909.66$5,837
Feb 2008059492.538.77$5,210
Jan 2008059290.388.21$4,858
Dec 2007047188.337.30$3,439
Nov 2007064391.677.29$4,689
Oct 2007063982.856.92$4,423
Sep 200702,11075.846.24$13,175
Aug 200701,01469.066.39$6,477
Jul 20070070.906.39$0
Jun 2007015262.007.55$1,147
May 2007020458.747.85$1,601
Apr 2007036459.617.81$2,841
Mar 200701,35656.927.30$9,901
Feb 2007050955.108.22$4,182
Jan 2007041750.306.73$2,805
Dec 2006061556.656.92$4,255
Nov 2006046454.207.62$3,535
Oct 2006057554.906.01$3,458
Sep 2006050160.085.04$2,524
Aug 2006068968.717.34$5,057
Jul 20060069.376.34$0
Jun 2006050466.286.38$3,217
May 2006048966.016.42$3,142
Apr 2006041064.397.36$3,018
Mar 2006054856.707.08$3,881
Feb 2006029557.597.75$2,287
Jan 2006043160.598.93$3,850
Dec 2005077254.9413.42$10,357
Nov 2005086554.6910.59$9,159
Oct 2005044858.3413.80$6,181
Sep 2005028061.4512.08$3,382
Aug 2005047161.519.80$4,614
Jul 2005053755.697.84$4,212
Jun 2005035452.337.38$2,613
May 2005073945.226.65$4,915
Apr 200501,41149.207.36$10,386
Mar 20050050.377.15$0
Feb 2005028745.226.31$1,812
Jan 2005010243.166.32$645
Dec 2004044239.866.75$2,984
Nov 2004072345.286.33$4,577
Oct 2004048149.706.52$3,134
Sep 2004079243.245.28$4,185
Aug 2004048442.375.55$2,687
Jul 2004048138.286.08$2,926
Jun 2004064436.106.43$4,143
May 2004047337.486.49$3,072
Apr 2004063134.475.86$3,697
Mar 2004058234.365.53$3,219
Feb 2004029932.455.51$1,647
Jan 2004064632.036.30$4,070
Dec 200309430.266.30$592
Nov 2003025428.804.60$1,167
Oct 2003027528.174.76$1,309
Sep 2003065026.314.75$3,087
Aug 2003052629.765.13$2,698
Jul 2003064329.415.17$3,325
Jun 2003082628.565.98$4,942
May 2003078726.595.97$4,701
Apr 20031683226.675.41$4,654
Mar 2003083231.146.10$5,072
Feb 2003069733.487.93$5,524
Jan 2003060230.315.58$3,360
Dec 2002064026.914.85$3,106
Nov 200201,23924.664.14$5,126
Oct 200201,18426.464.23$5,007
Sep 20020027.443.64$0
Aug 2002029225.963.16$924
Jul 2002028124.583.06$860
Jun 20020023.733.34$0
May 2002018024.663.58$645
Apr 20020023.653.51$0
Mar 2002023922.003.10$742
Feb 2002034218.222.38$812
Jan 20020017.172.38$0
Dec 2001031716.932.36$750
Nov 2001037318.072.41$897
Oct 2001033219.782.53$840
Sep 2001031524.262.25$709
Aug 2001034824.873.05$1,063
Jul 2001030723.933.20$982
Jun 2001031724.563.82$1,212
May 2001036825.524.31$1,585
Apr 2001041624.685.34$2,219
Mar 2001035024.545.38$1,882
Feb 2001025127.755.77$1,448
Jan 2001034927.478.40$2,931
Dec 2000033226.889.12$3,029
Nov 2000035532.215.66$2,009
Oct 2000041131.235.15$2,115
Sep 2000036731.875.19$1,903
Aug 2000041529.644.54$1,884
Jul 2000040528.534.09$1,656
Jun 2000040929.304.40$1,798
May 2000041427.263.68$1,523
Apr 2000045124.513.12$1,405
Mar 2000050028.422.86$1,430
Feb 2000034127.622.73$930
Jan 2000049925.272.48$1,238
Dec 199901,04524.282.42$2,533
Nov 1999086623.192.43$2,108
Oct 199907220.982.80$202
Sep 1999079821.752.62$2,090
Aug 19990019.262.88$0
Jul 1999016017.892.37$380
Jun 1999043915.942.36$1,037
May 1999047115.792.32$1,093
Apr 199916837015.102.21$3,354
Mar 1999037812.471.84$695
Feb 199903429.981.82$622
Jan 1999029710.381.90$564
Dec 199804339.201.77$768
Nov 1998054110.892.19$1,182
Oct 1998041612.421.97$819
Sep 1998042712.592.08$889
Aug 1998043211.301.91$824
Jul 1998030211.742.24$676
Jun 1998042911.242.24$960
May 19980012.622.21$0
Apr 1998049613.042.51$1,243
Mar 1998062512.802.31$1,443
Feb 1998036813.952.30$846
Jan 1998044314.702.15$955
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19965019.55$98
Jun 199610018.73$187
May 199610019.43$194
Apr 199610021.51$215
Mar 199610019.38$194
Feb 199610016.98$170
Jan 199610017.07$171
Dec 19950017.19$0
Nov 19950016.00$0
Oct 199510015.43$154
Sep 19951054516.18$162
Aug 19951245215.92$191
Jul 1995851615.24$122
Jun 19950016.41$0
May 19950017.56$0
Apr 1995060217.73$0
Mar 1995063216.44$0
Feb 1995062316.58$0
Jan 1995065215.92$0
Dec 1994048015.03$0
Nov 1994058715.90$0
Oct 1994015415.58$0
Sep 1994040315.29$0
Aug 1994050016.13$0
Jul 1994061417.56$0
Jun 1994062617.09$0
May 1994069415.88$0
Apr 1994073314.14$0
Mar 1994071712.46$0
Feb 1994070112.50$0
Jan 199417576112.66$2,216
Dec 1993069912.33$0
Nov 19932068214.49$290
Oct 1993074015.85$0
Sep 19931081615.03$150
Aug 19931086115.66$157
Jul 19931578615.46$232
Jun 1993251,52816.79$420
May 19932086117.68$354
Apr 19931081718.05$181
Mar 19931087118.14$181
Feb 199301,06617.90$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.

Aug 2016 — as filed, then multipliedworked
Oil                   81 bbl  × $ 41.44 =     $3,357
Casinghead gas         0 Mcf  × $  2.92 =         $0

────────────────────────────────────────────────────
Month total                                   $3,357

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/11397 is the state's own key, not one this site invented.