PETRASH-HARRIS "A"

Name: PETRASH-HARRIS "A" 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 20174District 03Field 82265500OilCasinghead gasSave Export

Value, all time

$56 k

Jan 1993 – Jan 2000

Value, last 12 filed months

$12 k

at the published price for each month

Months reported

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	1,597 bbl	$24,749
Casinghead gas	Production	54,891 Mcf	$31,714
Total			$56,463

41,097 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 (85)

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

85 months


Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	69	0	20.98	2.80	$1,448
Sep 1999	2	456	21.75	2.62	$1,238
Aug 1999	0	599	19.26	2.88	$1,722
Jul 1999	0	472	17.89	2.37	$1,120
Jun 1999	0	506	15.94	2.36	$1,195
May 1999	2	599	15.79	2.32	$1,422
Apr 1999	0	609	15.10	2.21	$1,345
Mar 1999	0	785	12.47	1.84	$1,443
Feb 1999	0	707	9.98	1.82	$1,285
Jan 1999	0	834	10.38	1.90	$1,585
Dec 1998	1	734	9.20	1.77	$1,311
Nov 1998	1	415	10.89	2.19	$918
Oct 1998	67	0	12.42	1.97	$832
Sep 1998	11	287	12.59	2.08	$736
Aug 1998	290	286	11.30	1.91	$3,823
Jul 1998	6	313	11.74	2.24	$771
Jun 1998	5	291	11.24	2.24	$707
May 1998	4	327	12.62	2.21	$772
Apr 1998	7	295	13.04	2.51	$830
Mar 1998	19	305	12.80	2.31	$948
Feb 1998	9	285	13.95	2.30	$781
Jan 1998	8	297	14.70	2.15	$758
Dec 1997	8	311	16.32	2.41	$880
Nov 1997	6	323	18.19	3.09	$1,107
Oct 1997	14	358	19.25	3.15	$1,397
Sep 1997	8	342	17.74	2.95	$1,152
Aug 1997	9	338	17.86	2.55	$1,024
Jul 1997	13	375	17.58	2.25	$1,071
Jun 1997	13	356	17.24	2.26	$1,028
May 1997	10	387	18.97	2.31	$1,083
Apr 1997	13	383	17.88	2.08	$1,030
Mar 1997	10	417	18.95	1.94	$998
Feb 1997	8	347	20.49	2.21	$929
Jan 1997	10	455	23.48	3.54	$1,845
Dec 1996	12	477	23.32	—	$280
Nov 1996	7	477	21.97	—	$154
Oct 1996	8	479	23.31	—	$186
Sep 1996	8	177	22.22	—	$178
Aug 1996	12	779	20.26	—	$243
Jul 1996	18	576	19.55	—	$352
Jun 1996	18	562	18.73	—	$337
May 1996	21	738	19.43	—	$408
Apr 1996	10	816	21.51	—	$215
Mar 1996	7	736	19.38	—	$136
Feb 1996	11	797	16.98	—	$187
Jan 1996	14	652	17.07	—	$239
Dec 1995	13	649	17.19	—	$223
Nov 1995	18	664	16.00	—	$288
Oct 1995	5	497	15.43	—	$77
Sep 1995	7	567	16.18	—	$113
Aug 1995	9	708	15.92	—	$143
Jul 1995	7	740	15.24	—	$107
Jun 1995	105	877	16.41	—	$1,723
May 1995	10	838	17.56	—	$176
Apr 1995	14	971	17.73	—	$248
Mar 1995	13	1,003	16.44	—	$214
Feb 1995	4	886	16.58	—	$66
Jan 1995	4	1,005	15.92	—	$64
Dec 1994	92	920	15.03	—	$1,383
Nov 1994	12	918	15.90	—	$191
Oct 1994	6	1,004	15.58	—	$93
Sep 1994	6	1,015	15.29	—	$92
Aug 1994	5	896	16.13	—	$81
Jul 1994	93	955	17.56	—	$1,633
Jun 1994	3	948	17.09	—	$51
May 1994	6	1,082	15.88	—	$95
Apr 1994	6	999	14.14	—	$85
Mar 1994	5	1,005	12.46	—	$62
Feb 1994	146	961	12.50	—	$1,825
Jan 1994	5	1,071	12.66	—	$63
Dec 1993	5	1,001	12.33	—	$62
Nov 1993	3	955	14.49	—	$43
Oct 1993	3	1	15.85	—	$48
Sep 1993	4	1,106	15.03	—	$60
Aug 1993	3	1,165	15.66	—	$47
Jul 1993	64	1,104	15.46	—	$989
Jun 1993	1	1,144	16.79	—	$17
May 1993	3	1,276	17.68	—	$53
Apr 1993	83	1,352	18.05	—	$1,498
Mar 1993	0	1,344	18.14	—	$0
Feb 1993	0	981	17.90	—	$0
Jan 1993	65	1,223	16.93	—	$1,100

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.

Oct 1999 — as filed, then multipliedworked

Oil                   69 bbl  × $ 20.98 =     $1,448
Casinghead gas         0 Mcf  × $  2.80 =         $0

────────────────────────────────────────────────────
Month total                                   $1,448

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/20174 is the state's own key, not one this site invented.