DROEMER

Operated by SEAY OIL & GAS, LTD. (P-5 762849) in the SERBIN (TAYLOR SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 19576District 03Field 82265500OilCasinghead gasSaveExport
Value, all time
$152 k
Jan 1993 – Aug 2010
Value, last 12 filed months
$0
at the published price for each month
Months reported
212
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 444 leases and 641 wells, and the rule below applies to all of them.

Discovered
1985-11-19
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2013-08-06.

The Commission's schedule remark for this field reads: 1500 FT DIAGONAL.

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
OilDisposition8,135 bbl$151,901
Casinghead gasProduction21 Mcf$0
Total$151,901

21 Mcf of this lease's gas, across 21 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 (212)

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

212 months

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 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
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 200328030.266.30$847
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 200348031.146.10$1,495
Feb 20030033.487.93$0
Jan 20031030.315.58$30
Dec 2002119026.914.85$3,202
Nov 200274024.664.14$1,825
Oct 20020026.464.23$0
Sep 2002126027.443.64$3,457
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 200258023.733.34$1,376
May 200256024.663.58$1,381
Apr 200262023.653.51$1,466
Mar 200244022.003.10$968
Feb 200273018.222.38$1,330
Jan 200239017.172.38$670
Dec 200147016.932.36$796
Nov 200165018.072.41$1,175
Oct 200164019.782.53$1,266
Sep 200166024.262.25$1,601
Aug 200162024.873.05$1,542
Jul 200157023.933.20$1,364
Jun 200165024.563.82$1,596
May 200161025.524.31$1,557
Apr 200191024.685.34$2,246
Mar 200172024.545.38$1,767
Feb 200143027.755.77$1,193
Jan 200188027.478.40$2,417
Dec 200079026.889.12$2,124
Nov 200058032.215.66$1,868
Oct 200083031.235.15$2,592
Sep 200095031.875.19$3,028
Aug 200086029.644.54$2,549
Jul 200081028.534.09$2,311
Jun 200061029.304.40$1,787
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20001027.622.73$28
Jan 20004025.272.48$101
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 199926017.892.37$465
Jun 19990015.942.36$0
May 199958015.792.32$916
Apr 199939015.102.21$589
Mar 199971012.471.84$885
Feb 19995709.981.82$569
Jan 199973010.381.90$758
Dec 19987909.201.77$727
Nov 199845010.892.19$490
Oct 199878012.421.97$969
Sep 199882012.592.08$1,032
Aug 199827011.301.91$305
Jul 199857011.742.24$669
Jun 199844011.242.24$495
May 199868012.622.21$858
Apr 199858013.042.51$756
Mar 199856012.802.31$717
Feb 199843013.952.30$600
Jan 199847014.702.15$691
Dec 199752016.322.41$849
Nov 199769018.193.09$1,255
Oct 199796019.253.15$1,848
Sep 199740017.742.95$710
Aug 199770017.862.55$1,250
Jul 199740017.582.25$703
Jun 199782017.242.26$1,414
May 199774018.972.31$1,404
Apr 199773017.882.08$1,305
Mar 199779018.951.94$1,497
Feb 199742020.492.21$861
Jan 199781023.483.54$1,902
Dec 199676023.32$1,772
Nov 199661021.97$1,340
Oct 199677023.31$1,795
Sep 199675022.22$1,667
Aug 199658020.26$1,175
Jul 199677019.55$1,505
Jun 199650018.73$937
May 199698019.43$1,904
Apr 199671021.51$1,527
Mar 199682019.38$1,589
Feb 199667016.98$1,138
Jan 199681017.07$1,383
Dec 199558017.19$997
Nov 199566016.00$1,056
Oct 199584015.43$1,296
Sep 199589016.18$1,440
Aug 199584015.92$1,337
Jul 199581015.24$1,234
Jun 199593016.41$1,526
May 199587017.56$1,528
Apr 199594017.73$1,667
Mar 199588016.44$1,447
Feb 199565016.58$1,078
Jan 1995125015.92$1,990
Dec 199478015.03$1,172
Nov 1994134015.90$2,131
Oct 199480115.58$1,246
Sep 1994145115.29$2,217
Aug 19940016.13$0
Jul 1994126117.56$2,213
Jun 199464117.09$1,094
May 199492115.88$1,461
Apr 199495114.14$1,343
Mar 199498112.46$1,221
Feb 199497112.50$1,213
Jan 199483112.66$1,051
Dec 1993116112.33$1,430
Nov 1993100114.49$1,449
Oct 199399115.85$1,569
Sep 1993116115.03$1,743
Aug 199388115.66$1,378
Jul 1993216115.46$3,339
Jun 19930116.79$0
May 1993207117.68$3,660
Apr 19930118.05$0
Mar 1993129118.14$2,340
Feb 1993105117.90$1,880
Jan 1993117116.93$1,981

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.

Dec 2003 — as filed, then multipliedworked
Oil                   28 bbl  × $ 30.26 =       $847
Casinghead gas         0 Mcf  × $  6.30 =         $0

────────────────────────────────────────────────────
Month total                                     $847

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/19576 is the state's own key, not one this site invented.