SUN FEE LOT 50

Name: SUN FEE LOT 50 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TEXAS AMERICAN RESOURCES COMPANY (P-5 844344) in the LIBERTY, SOUTH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 16161District 03Field 53498001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSave Export

Value, all time

$1.7 M

Jan 1993 – Mar 2023

Value, last 12 filed months

at the published price for each month

Months reported

363

no gaps in the span

Streams

oil, casinghead gas

The LIBERTY, SOUTH 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

1925-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

0 ft

minimum

A drilling unit in this field needs at least 0 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “THIS IS A PIERCEMENT TYPE SALT DOME.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
Oil	Disposition	92,352 bbl	$1,693,491
Casinghead gas	Production	29,649 Mcf	$26,161
Total			$1,719,652

24,977 Mcf of this lease's gas, across 28 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.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 29.9867, -94.8351. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.98668, -94.83508 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

8,418 ft

1 wells filed one

Completion to plug

23.4 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 8,418 ft.

Completions filed

Mar 1986

1 of 1 wells

Plug dates filed

Aug 2009

1 of 1 wells

Last completion to plug: a median of 23.4 years across the 1 well that filed both dates, with the middle half between 23.4 years and 23.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-29131566	1	8,418 ft	Mar 1986	Aug 2009	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (363)

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

363 months


Mar 2023	0	0	72.85	2.39	$0
Feb 2023	0	0	75.11	2.47	$0
Jan 2023	0	0	76.53	3.39	$0
Dec 2022	0	0	76.41	5.73	$0
Nov 2022	0	0	85.00	5.65	$0
Oct 2022	0	0	87.18	5.86	$0
Sep 2022	0	0	84.88	8.16	$0
Aug 2022	0	0	94.52	9.13	$0
Jul 2022	0	0	101.58	7.54	$0
Jun 2022	0	0	115.09	7.98	$0
May 2022	0	0	109.37	8.43	$0
Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
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	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
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	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	149	0	29.41	5.17	$4,382
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	190	0	26.67	5.41	$5,067
Mar 2003	183	0	31.14	6.10	$5,699
Feb 2003	190	0	33.48	7.93	$6,361
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	150	0	26.91	4.85	$4,037
Nov 2002	187	0	24.66	4.14	$4,611
Oct 2002	190	0	26.46	4.23	$5,027
Sep 2002	379	0	27.44	3.64	$10,400
Aug 2002	373	0	25.96	3.16	$9,683
Jul 2002	568	0	24.58	3.06	$13,961
Jun 2002	372	0	23.73	3.34	$8,828
May 2002	369	0	24.66	3.58	$9,100
Apr 2002	371	0	23.65	3.51	$8,774
Mar 2002	185	0	22.00	3.10	$4,070
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	180	0	17.17	2.38	$3,091
Dec 2001	360	0	16.93	2.36	$6,095
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	740	0	19.78	2.53	$14,637
Sep 2001	373	0	24.26	2.25	$9,049
Aug 2001	651	0	24.87	3.05	$16,190
Jul 2001	704	22	23.93	3.20	$16,917
Jun 2001	533	233	24.56	3.82	$13,982
May 2001	879	535	25.52	4.31	$24,737
Apr 2001	546	259	24.68	5.34	$14,857
Mar 2001	0	257	24.54	5.38	$1,382
Feb 2001	359	626	27.75	5.77	$13,572
Jan 2001	527	436	27.47	8.40	$18,139
Dec 2000	547	561	26.88	9.12	$19,821
Nov 2000	535	481	32.21	5.66	$19,954
Oct 2000	541	460	31.23	5.15	$19,262
Sep 2000	521	0	31.87	5.19	$16,604
Aug 2000	710	0	29.64	4.54	$21,044
Jul 2000	726	0	28.53	4.09	$20,713
Jun 2000	831	0	29.30	4.40	$24,348
May 2000	0	0	27.26	3.68	$0
Apr 2000	368	0	24.51	3.12	$9,020
Mar 2000	709	0	28.42	2.86	$20,150
Feb 2000	734	0	27.62	2.73	$20,273
Jan 2000	345	0	25.27	2.48	$8,718
Dec 1999	683	0	24.28	2.42	$16,583
Nov 1999	357	0	23.19	2.43	$8,279
Oct 1999	731	0	20.98	2.80	$15,336
Sep 1999	475	0	21.75	2.62	$10,331
Aug 1999	700	0	19.26	2.88	$13,482
Jul 1999	534	0	17.89	2.37	$9,553
Jun 1999	556	0	15.94	2.36	$8,863
May 1999	766	0	15.79	2.32	$12,095
Apr 1999	674	0	15.10	2.21	$10,177
Mar 1999	707	0	12.47	1.84	$8,816
Feb 1999	184	0	9.98	1.82	$1,836
Jan 1999	1,068	0	10.38	1.90	$11,086
Dec 1998	525	0	9.20	1.77	$4,830
Nov 1998	342	0	10.89	2.19	$3,724
Oct 1998	700	0	12.42	1.97	$8,694
Sep 1998	537	0	12.59	2.08	$6,761
Aug 1998	722	0	11.30	1.91	$8,159
Jul 1998	738	0	11.74	2.24	$8,664
Jun 1998	730	0	11.24	2.24	$8,205
May 1998	715	0	12.62	2.21	$9,023
Apr 1998	727	0	13.04	2.51	$9,480
Mar 1998	795	0	12.80	2.31	$10,176
Feb 1998	1,021	0	13.95	2.30	$14,243
Jan 1998	365	0	14.70	2.15	$5,366
Dec 1997	715	0	16.32	2.41	$11,669
Nov 1997	816	0	18.19	3.09	$14,843
Oct 1997	737	0	19.25	3.15	$14,187
Sep 1997	920	0	17.74	2.95	$16,321
Aug 1997	554	0	17.86	2.55	$9,894
Jul 1997	853	0	17.58	2.25	$14,996
Jun 1997	722	0	17.24	2.26	$12,447
May 1997	920	0	18.97	2.31	$17,452
Apr 1997	1,267	0	17.88	2.08	$22,654
Mar 1997	375	0	18.95	1.94	$7,106
Feb 1997	565	139	20.49	2.21	$11,883
Jan 1997	1,131	663	23.48	3.54	$28,903
Dec 1996	746	0	23.32	—	$17,397
Nov 1996	731	0	21.97	—	$16,060
Oct 1996	1,207	0	23.31	—	$28,135
Sep 1996	877	0	22.22	—	$19,487
Aug 1996	984	0	20.26	—	$19,936
Jul 1996	1,027	0	19.55	—	$20,078
Jun 1996	1,028	0	18.73	—	$19,254
May 1996	1,053	0	19.43	—	$20,460
Apr 1996	1,039	0	21.51	—	$22,349
Mar 1996	1,372	0	19.38	—	$26,589
Feb 1996	1,085	0	16.98	—	$18,423
Jan 1996	1,415	0	17.07	—	$24,154
Dec 1995	1,379	0	17.19	—	$23,705
Nov 1995	1,058	0	16.00	—	$16,928
Oct 1995	1,201	0	15.43	—	$18,531
Sep 1995	1,070	0	16.18	—	$17,313
Aug 1995	795	0	15.92	—	$12,656
Jul 1995	1,371	0	15.24	—	$20,894
Jun 1995	607	0	16.41	—	$9,961
May 1995	0	0	17.56	—	$0
Apr 1995	568	102	17.73	—	$10,071
Mar 1995	1,164	439	16.44	—	$19,136
Feb 1995	932	361	16.58	—	$15,453
Jan 1995	1,041	522	15.92	—	$16,573
Dec 1994	1,261	678	15.03	—	$18,953
Nov 1994	1,217	697	15.90	—	$19,350
Oct 1994	904	331	15.58	—	$14,084
Sep 1994	1,083	315	15.29	—	$16,559
Aug 1994	1,154	758	16.13	—	$18,614
Jul 1994	1,123	1,130	17.56	—	$19,720
Jun 1994	1,067	821	17.09	—	$18,235
May 1994	1,196	975	15.88	—	$18,992
Apr 1994	1,238	1,321	14.14	—	$17,505
Mar 1994	1,361	1,125	12.46	—	$16,958
Feb 1994	764	742	12.50	—	$9,550
Jan 1994	1,207	1,514	12.66	—	$15,281
Dec 1993	1,179	1,505	12.33	—	$14,537
Nov 1993	1,143	1,430	14.49	—	$16,562
Oct 1993	1,189	1,358	15.85	—	$18,846
Sep 1993	1,021	847	15.03	—	$15,346
Aug 1993	1,137	1,269	15.66	—	$17,805
Jul 1993	1,448	973	15.46	—	$22,386
Jun 1993	892	713	16.79	—	$14,977
May 1993	1,128	1,075	17.68	—	$19,943
Apr 1993	1,334	1,056	18.05	—	$24,079
Mar 1993	1,105	1,168	18.14	—	$20,045
Feb 1993	1,064	897	17.90	—	$19,046
Jan 1993	1,185	855	16.93	—	$20,062

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.

Jul 2003 — as filed, then multipliedworked

Oil                  149 bbl  × $ 29.41 =     $4,382
Casinghead gas         0 Mcf  × $  5.17 =         $0

────────────────────────────────────────────────────
Month total                                   $4,382

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/16161 is the state's own key, not one this site invented.