JONES, SOPHIA B.

Operated by MAGNUM PRODUCING, LP (P-5 521516) in the SHERIDAN, S. W. (WILCOX 8200) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 13125District 03Field 83113500OilCasinghead gasSaveExport
Value, all time
$1.2 M
Jan 1993 – Dec 2007
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
180
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 6 leases and 10 wells, and the rule below applies to all of them.

Discovered
1971-01-24
as the register files it
Field class
Oil
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres.

The Commission's schedule remark for this field reads: DAILY GAS LIMIT OF 1000 MCF APPROVED 6/6/77 - DOCKET NO. 3-67,216

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
OilDisposition71,157 bbl$1,204,671
Casinghead gasProduction16,538 Mcf$12,147
Total$1,216,818

11,498 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 (180)

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

180 months

Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 200783075.846.24$6,295
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
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 20000028.422.86$0
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 19990021.752.62$0
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 1999009.981.82$0
Jan 19990010.381.90$0
Dec 19980569.201.77$99
Nov 1998181010.892.19$1,971
Oct 1998177012.421.97$2,198
Sep 1998518412.592.08$446
Aug 199836524411.301.91$4,590
Jul 199818924411.742.24$2,765
Jun 199837423611.242.24$4,732
May 199818124412.622.21$2,823
Apr 199835823613.042.51$5,260
Mar 199833524412.802.31$4,852
Feb 199818322813.952.30$3,077
Jan 199854224414.702.15$8,493
Dec 199718224416.322.41$3,559
Nov 199736323618.193.09$7,332
Oct 199718424419.253.15$4,311
Sep 199719023617.742.95$4,068
Aug 199718624417.862.55$3,945
Jul 199718124417.582.25$3,730
Jun 199717823617.242.26$3,601
May 199753624418.972.31$10,731
Apr 199771223617.882.08$13,222
Mar 199789924418.951.94$17,509
Feb 199772022820.492.21$15,256
Jan 19971,01724423.483.54$24,743
Dec 19961,09024423.32$25,419
Nov 199689423621.97$19,641
Oct 199689524423.31$20,862
Sep 19961,03023622.22$22,887
Aug 19961,24224420.26$25,163
Jul 19961,39224419.55$27,214
Jun 19961,02223618.73$19,142
May 19961,41924419.43$27,571
Apr 19961,44023621.51$30,974
Mar 19961,45024419.38$28,101
Feb 19961,07822816.98$18,304
Jan 19961,62024417.07$27,653
Dec 19951,57124417.19$27,005
Nov 19951,43423616.00$22,944
Oct 19951,78924415.43$27,604
Sep 19951,59323616.18$25,775
Aug 19951,60824415.92$25,599
Jul 19951,60724415.24$24,491
Jun 19951,43123616.41$23,483
May 19951,42224417.56$24,970
Apr 19951,43123617.73$25,372
Mar 19951,24724416.44$20,501
Feb 19951,27722816.58$21,173
Jan 19951,41624415.92$22,543
Dec 19941,23323615.03$18,532
Nov 19941,16723615.90$18,555
Oct 19941,44324415.58$22,482
Sep 19941,23423615.29$18,868
Aug 19941,23124416.13$19,856
Jul 19941,23624417.56$21,704
Jun 19941,41623617.09$24,199
May 19941,06824415.88$16,960
Apr 19941,49823614.14$21,182
Mar 19941,21424412.46$15,126
Feb 19941,42622112.50$17,825
Jan 19941,79524412.66$22,725
Dec 19931,44324412.33$17,792
Nov 199353423614.49$7,738
Oct 19931,06824415.85$16,928
Sep 19931,42323615.03$21,388
Aug 19931,24124415.66$19,434
Jul 19931,23724415.46$19,124
Jun 19931,24423616.79$20,887
May 19931,24924417.68$22,082
Apr 19931,21423618.05$21,913
Mar 19931,27424418.14$23,110
Feb 19931,27722117.90$22,858
Jan 19931,27324416.93$21,552

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.

Sep 2007 — as filed, then multipliedworked
Oil                   83 bbl  × $ 75.84 =     $6,295
Casinghead gas         0 Mcf  × $  6.24 =         $0

────────────────────────────────────────────────────
Month total                                   $6,295

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/13125 is the state's own key, not one this site invented.