VALEK

Operated by WARRIOR RESOURCES INC. (P-5 899030) in the CISTERN, NORTH field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 20052District 03Field 18324001OilCasinghead gasSaveExport
Value, all time
$597 k
Jan 1993 – Aug 2020
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
332
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 11 wells, and the rule below applies to all of them.

Discovered
1952-05-18
as the register files it
Field class
Oil
the register's own label
Between wells
467 ft
minimum
From a lease line
233 ft
minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 1989-02-01.

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
OilDisposition14,785 bbl$594,826
Casinghead gasProduction389 Mcf$1,745
Total$596,571

3 Mcf of this lease's gas, across 3 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 (332)

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

332 months

Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 2020202016.921.81$3,418
Apr 20200014.751.80$0
Mar 20200130.341.86$2
Feb 20200149.881.98$2
Jan 20200157.252.09$2
Dec 20190159.012.30$2
Nov 20190155.302.75$3
Oct 20190153.472.42$2
Sep 20190155.052.66$3
Aug 20190153.112.30$2
Jul 20190156.272.46$2
Jun 20190152.782.49$2
May 20190158.482.74$3
Apr 20190162.632.75$3
Mar 20190156.803.06$3
Feb 20190150.852.79$3
Jan 20190146.033.23$3
Dec 20180146.594.19$4
Nov 20180152.934.24$4
Oct 20180161.443.40$3
Sep 20180159.543.11$3
Aug 20180159.403.07$3
Jul 20180165.142.93$3
Jun 20180160.183.08$3
May 2018146165.382.90$9,548
Apr 20180163.842.90$3
Mar 20180161.222.79$3
Feb 20180161.782.77$3
Jan 20180162.874.01$4
Dec 20170157.272.92$3
Nov 20170155.423.12$3
Oct 20170149.292.98$3
Sep 20170147.523.09$3
Aug 20170145.373.00$3
Jul 20170143.873.09$3
Jun 20170142.493.09$3
May 20170145.373.26$3
Apr 2017153147.933.21$7,337
Mar 20170146.772.98$3
Feb 20170150.452.95$3
Jan 20170149.413.42$3
Dec 20160148.763.72$4
Nov 2016124142.492.64$5,271
Oct 20160146.193.09$3
Sep 20160141.553.10$3
Aug 20160141.442.92$3
Jul 20160141.622.92$3
Jun 20160145.352.69$3
May 20160142.521.99$2
Apr 20160136.561.99$2
Mar 20160133.011.79$2
Feb 20160126.472.06$2
Jan 20160127.352.36$2
Dec 20150132.362.00$2
Nov 20150138.792.17$2
Oct 20150143.552.43$2
Sep 20150142.992.76$3
Aug 20150140.162.87$3
Jul 20150148.152.95$3
Jun 2015149156.152.88$8,369
May 20150155.212.96$3
Apr 20150149.822.71$3
Mar 20150142.892.93$3
Feb 2015144144.662.98$6,434
Jan 20150143.433.10$3
Dec 20140154.693.59$4
Nov 20140170.464.25$4
Oct 20140178.303.90$4
Sep 20140186.164.05$4
Aug 20140189.394.04$4
Jul 20140196.564.18$4
Jun 2014129198.164.74$12,667
May 20140194.734.73$5
Apr 20140195.944.81$5
Mar 20140195.895.06$5
Feb 20140197.406.19$6
Jan 20140190.404.86$5
Dec 2013137191.824.35$12,584
Nov 20130188.853.74$4
Oct 20130197.423.78$4
Sep 201301104.113.72$4
Aug 201301104.253.52$4
Jul 20131241102.523.72$12,716
Jun 20130194.403.93$4
May 20130194.834.15$4
Apr 20130193.964.28$4
Mar 20130193.623.91$4
Feb 20130191.233.42$3
Jan 2013143191.603.42$13,102
Dec 20120186.773.42$3
Nov 20120186.953.62$4
Oct 20120189.383.40$3
Sep 20120194.672.92$3
Aug 2012123192.662.91$11,400
Jul 20120185.133.02$3
Jun 20120179.822.52$3
May 20120191.612.49$2
Apr 20121681101.652.00$17,079
Mar 201201105.052.22$2
Feb 201201101.102.57$3
Jan 20120198.092.73$3
Dec 20110196.873.24$3
Nov 20110195.723.31$3
Oct 20110184.983.65$4
Sep 20110183.623.99$4
Aug 20110183.404.15$4
Jul 2011157194.144.52$14,785
Jun 20110192.904.64$5
May 2011154198.134.40$15,116
Apr 201101105.964.33$4
Mar 2011151196.364.06$14,554
Feb 20110185.644.18$4
Jan 20110186.504.59$5
Dec 20100185.734.35$4
Nov 20100180.843.80$4
Oct 20100178.103.51$4
Sep 20100172.633.98$4
Aug 2010136173.684.42$10,025
Jul 20100172.554.74$5
Jun 20100170.364.91$5
May 20100171.124.24$4
Apr 2010254181.694.12$20,753
Mar 20100178.394.39$4
Feb 20100173.585.44$5
Jan 20100174.365.96$6
Dec 20090171.445.48$5
Nov 20090174.593.75$4
Oct 20090172.544.11$4
Sep 20090165.543.06$3
Aug 2009133167.423.22$8,970
Jul 2009129161.133.46$7,889
Jun 20090166.163.90$4
May 20090154.743.93$4
Apr 20090146.773.59$4
Mar 2009142142.144.06$5,988
Feb 20090132.814.63$5
Jan 2009235135.865.37$8,432
Dec 20080137.105.98$6
Nov 2008144155.496.86$7,997
Oct 20080175.246.92$7
Sep 200801101.767.88$8
Aug 200801114.228.48$8
Jul 20082671131.0811.39$35,010
Jun 20081301131.3313.03$17,086
May 200801123.1711.57$12
Apr 200801110.3110.45$10
Mar 200801101.909.66$10
Feb 2008130192.538.77$12,038
Jan 20080190.388.21$8
Dec 2007156188.337.30$13,787
Nov 20070191.677.29$7
Oct 20070182.856.92$7
Sep 20070175.846.24$6
Aug 2007125169.066.39$8,639
Jul 20070170.906.39$6
Jun 20070162.007.55$8
May 20070158.747.85$8
Apr 20070159.617.81$8
Mar 20070156.927.30$7
Feb 2007273155.108.22$15,051
Jan 20070150.306.73$7
Dec 20060156.656.92$7
Nov 20060154.207.62$8
Oct 20060154.906.01$6
Sep 20060160.085.04$5
Aug 20060168.717.34$7
Jul 2006161169.376.34$11,175
Jun 20060166.286.38$6
May 20060166.016.42$6
Apr 2006123164.397.36$7,927
Mar 2006140156.707.08$7,945
Feb 20060157.597.75$8
Jan 20060160.598.93$9
Dec 20050154.9413.42$13
Nov 20050154.6910.59$11
Oct 2005121158.3413.80$7,073
Sep 20050161.4512.08$12
Aug 2005165161.519.80$10,159
Jul 20050155.697.84$8
Jun 2005130152.337.38$6,810
May 20050145.226.65$7
Apr 2005124149.207.36$6,108
Mar 20050150.377.15$7
Feb 20050145.226.31$6
Jan 20050143.166.32$6
Dec 2004250339.866.75$9,985
Nov 20040345.286.33$19
Oct 20040349.706.52$20
Sep 20040343.245.28$16
Aug 2004143342.375.55$6,076
Jul 20040338.286.08$18
Jun 20040336.106.43$19
May 2004160337.486.49$6,016
Apr 20040334.475.86$18
Mar 2004162334.365.53$5,583
Feb 20040332.455.51$17
Jan 20040332.036.30$19
Dec 2003159330.266.30$4,830
Nov 20030328.804.60$14
Oct 20030328.174.76$14
Sep 20030326.314.75$14
Aug 20030329.765.13$15
Jul 2003135329.415.17$3,986
Jun 20030328.565.98$18
May 20030326.595.97$18
Apr 2003146326.675.41$3,910
Mar 2003300331.146.10$9,360
Feb 20030333.487.93$24
Jan 2003122330.315.58$3,715
Dec 20020326.914.85$15
Nov 2002256324.664.14$6,325
Oct 20020326.464.23$13
Sep 20020327.443.64$11
Aug 20020325.963.16$9
Jul 20020324.583.06$9
Jun 2002155323.733.34$3,688
May 20020324.663.58$11
Apr 2002146323.653.51$3,463
Mar 20020322.003.10$9
Feb 20020318.222.38$7
Jan 2002143317.172.38$2,462
Dec 20010316.932.36$7
Nov 2001141318.072.41$2,555
Oct 20010319.782.53$8
Sep 20010324.262.25$7
Aug 2001160324.873.05$3,988
Jul 20010323.933.20$10
Jun 20010324.563.82$11
May 2001147325.524.31$3,764
Apr 2001137324.685.34$3,397
Mar 20010324.545.38$16
Feb 20010327.755.77$17
Jan 20010327.478.40$25
Dec 20000326.889.12$27
Nov 20000332.215.66$17
Oct 2000152331.235.15$4,762
Sep 2000153331.875.19$4,892
Aug 20000329.644.54$14
Jul 2000161228.534.09$4,602
Jun 20000229.304.40$9
May 2000146227.263.68$3,987
Apr 20000224.513.12$6
Mar 2000135228.422.86$3,842
Feb 2000153227.622.73$4,231
Jan 20000225.272.48$5
Dec 1999162224.282.42$3,938
Nov 19990223.192.43$5
Oct 1999155220.982.80$3,258
Sep 19990021.752.62$0
Aug 1999151219.262.88$2,914
Jul 1999145217.892.37$2,599
Jun 19990215.942.36$5
May 1999159215.792.32$2,515
Apr 1999158215.102.21$2,390
Mar 1999155212.471.84$1,937
Feb 1999029.981.82$4
Jan 19990210.381.90$4
Dec 199815729.201.77$1,448
Nov 19980210.892.19$4
Oct 19980212.421.97$4
Sep 19980212.592.08$4
Aug 1998162011.301.91$1,831
Jul 1998165011.742.24$1,937
Jun 1998152011.242.24$1,708
May 19980012.622.21$0
Apr 1998141013.042.51$1,839
Mar 1998164012.802.31$2,099
Feb 19980013.952.30$0
Jan 1998143014.702.15$2,102
Dec 19970016.322.41$0
Nov 1997166018.193.09$3,020
Oct 19970019.253.15$0
Sep 1997147017.742.95$2,608
Aug 1997155017.862.55$2,768
Jul 1997144017.582.25$2,532
Jun 1997149017.242.26$2,569
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 1997150018.951.94$2,843
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 1996159023.32$3,708
Nov 19960021.97$0
Oct 19960023.31$0
Sep 1996162022.22$3,600
Aug 1996144020.26$2,917
Jul 19960019.55$0
Jun 19960018.73$0
May 1996150019.43$2,915
Apr 1996138021.51$2,968
Mar 19960019.38$0
Feb 1996318016.98$5,400
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 1995159015.43$2,453
Sep 19950016.18$0
Aug 1995153015.92$2,436
Jul 19950015.24$0
Jun 1995147016.41$2,412
May 19950017.56$0
Apr 1995150017.73$2,660
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 1994153015.03$2,300
Nov 19940015.90$0
Oct 19940015.58$0
Sep 1994155015.29$2,370
Aug 19940016.13$0
Jul 19940017.56$0
Jun 19940017.09$0
May 1994141015.88$2,239
Apr 1994124014.14$1,753
Mar 199474012.46$922
Feb 19940012.50$0
Jan 199490012.66$1,139
Dec 19930012.33$0
Nov 19930014.49$0
Oct 1993104115.85$1,648
Sep 19930115.03$0
Aug 19930115.66$0
Jul 19930015.46$0
Jun 19930016.79$0
May 19930017.68$0
Apr 19930018.05$0
Mar 19930018.14$0
Feb 19930017.90$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.

May 2020 — as filed, then multipliedworked
Oil                  202 bbl  × $ 16.92 =     $3,418
Casinghead gas         0 Mcf  × $  1.81 =         $0

────────────────────────────────────────────────────
Month total                                   $3,418

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/20052 is the state's own key, not one this site invented.