LIBERTY, EDWIN P.

Name: LIBERTY, EDWIN P. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TEXAS VANGUARD OIL COMPANY (P-5 848310) 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 19857District 03Field 82265500OilCasinghead gasSave Export

Value, all time

$127 k

Jan 1993 – Jul 2007

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

175

no gaps in the span

Streams

oil, casinghead gas

The SERBIN (TAYLOR SAND) 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 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.

Stream	Basis	Volume	Value
Oil	Disposition	1,091 bbl	$23,425
Casinghead gas	Production	32,027 Mcf	$103,544
Total			$126,969

2,646 Mcf of this lease's gas, across 42 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 (175)

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

175 months


Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	14	0	58.74	7.85	$822
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	15	0	60.08	5.04	$901
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	17	167	60.59	8.93	$2,522
Dec 2005	0	105	54.94	13.42	$1,409
Nov 2005	0	85	54.69	10.59	$900
Oct 2005	0	117	58.34	13.80	$1,614
Sep 2005	0	112	61.45	12.08	$1,353
Aug 2005	0	109	61.51	9.80	$1,068
Jul 2005	0	113	55.69	7.84	$886
Jun 2005	0	107	52.33	7.38	$790
May 2005	0	121	45.22	6.65	$805
Apr 2005	0	61	49.20	7.36	$449
Mar 2005	0	42	50.37	7.15	$301
Feb 2005	0	41	45.22	6.31	$259
Jan 2005	0	44	43.16	6.32	$278
Dec 2004	0	43	39.86	6.75	$290
Nov 2004	0	29	45.28	6.33	$184
Oct 2004	0	30	49.70	6.52	$195
Sep 2004	0	23	43.24	5.28	$122
Aug 2004	0	44	42.37	5.55	$244
Jul 2004	0	61	38.28	6.08	$371
Jun 2004	0	98	36.10	6.43	$630
May 2004	23	104	37.48	6.49	$1,537
Apr 2004	0	101	34.47	5.86	$592
Mar 2004	0	110	34.36	5.53	$608
Feb 2004	0	112	32.45	5.51	$617
Jan 2004	0	130	32.03	6.30	$819
Dec 2003	0	158	30.26	6.30	$996
Nov 2003	25	161	28.80	4.60	$1,460
Oct 2003	0	189	28.17	4.76	$900
Sep 2003	0	211	26.31	4.75	$1,002
Aug 2003	0	241	29.76	5.13	$1,236
Jul 2003	26	248	29.41	5.17	$2,047
Jun 2003	0	246	28.56	5.98	$1,472
May 2003	0	243	26.59	5.97	$1,451
Apr 2003	0	195	26.67	5.41	$1,054
Mar 2003	0	206	31.14	6.10	$1,256
Feb 2003	25	188	33.48	7.93	$2,327
Jan 2003	0	204	30.31	5.58	$1,139
Dec 2002	0	200	26.91	4.85	$971
Nov 2002	36	202	24.66	4.14	$1,723
Oct 2002	0	211	26.46	4.23	$892
Sep 2002	0	208	27.44	3.64	$756
Aug 2002	0	222	25.96	3.16	$702
Jul 2002	0	217	24.58	3.06	$664
Jun 2002	0	208	23.73	3.34	$694
May 2002	24	210	24.66	3.58	$1,344
Apr 2002	1	203	23.65	3.51	$737
Mar 2002	0	219	22.00	3.10	$680
Feb 2002	0	156	18.22	2.38	$371
Jan 2002	0	184	17.17	2.38	$437
Dec 2001	0	191	16.93	2.36	$452
Nov 2001	20	208	18.07	2.41	$862
Oct 2001	0	248	19.78	2.53	$627
Sep 2001	0	223	24.26	2.25	$502
Aug 2001	0	252	24.87	3.05	$769
Jul 2001	24	267	23.93	3.20	$1,428
Jun 2001	0	240	24.56	3.82	$918
May 2001	0	258	25.52	4.31	$1,111
Apr 2001	25	249	24.68	5.34	$1,945
Mar 2001	0	251	24.54	5.38	$1,349
Feb 2001	0	225	27.75	5.77	$1,298
Jan 2001	24	236	27.47	8.40	$2,641
Dec 2000	0	229	26.88	9.12	$2,089
Nov 2000	25	278	32.21	5.66	$2,378
Oct 2000	0	288	31.23	5.15	$1,482
Sep 2000	0	290	31.87	5.19	$1,504
Aug 2000	0	317	29.64	4.54	$1,439
Jul 2000	27	310	28.53	4.09	$2,038
Jun 2000	0	253	29.30	4.40	$1,113
May 2000	0	287	27.26	3.68	$1,056
Apr 2000	0	255	24.51	3.12	$795
Mar 2000	18	226	28.42	2.86	$1,158
Feb 2000	0	290	27.62	2.73	$791
Jan 2000	40	350	25.27	2.48	$1,879
Dec 1999	0	361	24.28	2.42	$875
Nov 1999	0	356	23.19	2.43	$867
Oct 1999	13	385	20.98	2.80	$1,352
Sep 1999	0	370	21.75	2.62	$969
Aug 1999	28	387	19.26	2.88	$1,652
Jul 1999	0	386	17.89	2.37	$916
Jun 1999	0	388	15.94	2.36	$916
May 1999	16	391	15.79	2.32	$1,160
Apr 1999	25	382	15.10	2.21	$1,221
Mar 1999	0	401	12.47	1.84	$737
Feb 1999	25	372	9.98	1.82	$926
Jan 1999	0	428	10.38	1.90	$813
Dec 1998	20	433	9.20	1.77	$952
Nov 1998	0	436	10.89	2.19	$953
Oct 1998	24	461	12.42	1.97	$1,206
Sep 1998	0	460	12.59	2.08	$958
Aug 1998	26	485	11.30	1.91	$1,219
Jul 1998	0	490	11.74	2.24	$1,096
Jun 1998	14	490	11.24	2.24	$1,254
May 1998	26	510	12.62	2.21	$1,453
Apr 1998	0	490	13.04	2.51	$1,228
Mar 1998	28	516	12.80	2.31	$1,550
Feb 1998	0	474	13.95	2.30	$1,090
Jan 1998	38	558	14.70	2.15	$1,761
Dec 1997	0	485	16.32	2.41	$1,169
Nov 1997	25	512	18.19	3.09	$2,036
Oct 1997	31	551	19.25	3.15	$2,332
Sep 1997	0	573	17.74	2.95	$1,693
Aug 1997	27	586	17.86	2.55	$1,979
Jul 1997	0	589	17.58	2.25	$1,323
Jun 1997	28	595	17.24	2.26	$1,826
May 1997	0	615	18.97	2.31	$1,420
Apr 1997	25	366	17.88	2.08	$1,209
Mar 1997	0	361	18.95	1.94	$700
Feb 1997	37	284	20.49	2.21	$1,385
Jan 1997	0	194	23.48	3.54	$687
Dec 1996	0	123	23.32	—	$0
Nov 1996	0	123	21.97	—	$0
Oct 1996	0	137	23.31	—	$0
Sep 1996	0	132	22.22	—	$0
Aug 1996	0	143	20.26	—	$0
Jul 1996	0	145	19.55	—	$0
Jun 1996	0	176	18.73	—	$0
May 1996	0	222	19.43	—	$0
Apr 1996	0	159	21.51	—	$0
Mar 1996	0	134	19.38	—	$0
Feb 1996	0	145	16.98	—	$0
Jan 1996	54	0	17.07	—	$922
Dec 1995	0	0	17.19	—	$0
Nov 1995	0	0	16.00	—	$0
Oct 1995	0	0	15.43	—	$0
Sep 1995	0	0	16.18	—	$0
Aug 1995	0	0	15.92	—	$0
Jul 1995	7	10	15.24	—	$107
Jun 1995	9	28	16.41	—	$148
May 1995	10	13	17.56	—	$176
Apr 1995	14	1	17.73	—	$248
Mar 1995	13	12	16.44	—	$214
Feb 1995	4	24	16.58	—	$66
Jan 1995	4	20	15.92	—	$64
Dec 1994	6	21	15.03	—	$90
Nov 1994	12	140	15.90	—	$191
Oct 1994	6	1	15.58	—	$93
Sep 1994	6	11	15.29	—	$92
Aug 1994	5	29	16.13	—	$81
Jul 1994	5	32	17.56	—	$88
Jun 1994	3	24	17.09	—	$51
May 1994	6	52	15.88	—	$95
Apr 1994	6	63	14.14	—	$85
Mar 1994	5	102	12.46	—	$62
Feb 1994	6	10	12.50	—	$75
Jan 1994	5	9	12.66	—	$63
Dec 1993	18	13	12.33	—	$222
Nov 1993	3	4	14.49	—	$43
Oct 1993	3	84	15.85	—	$48
Sep 1993	4	80	15.03	—	$60
Aug 1993	3	99	15.66	—	$47
Jul 1993	2	31	15.46	—	$31
Jun 1993	2	19	16.79	—	$34
May 1993	3	27	17.68	—	$53
Apr 1993	0	15	18.05	—	$0
Mar 1993	1	8	18.14	—	$18
Feb 1993	0	15	17.90	—	$0
Jan 1993	1	10	16.93	—	$17

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.

May 2007 — as filed, then multipliedworked

Oil                   14 bbl  × $ 58.74 =       $822
Casinghead gas         0 Mcf  × $  7.85 =         $0

────────────────────────────────────────────────────
Month total                                     $822

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/19857 is the state's own key, not one this site invented.