WILSON/BAZARSKY

Operated by VALENTINE OIL & GAS, L.C. (P-5 881162) 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 20252District 03Field 82265500OilCasinghead gasSaveExport
Value, all time
$556 k
Jan 1993 – Nov 2018
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
311
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
OilDisposition12,094 bbl$556,089
Casinghead gasProduction5 Mcf$0
Total$556,089

5 Mcf of this lease's gas, across 5 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 (311)

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

311 months

Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 201859059.543.11$3,513
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 2017160042.493.09$6,798
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 2017171049.413.42$8,449
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 2016173041.553.10$7,188
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 2016176045.352.69$7,982
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 2016150027.352.36$4,103
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 2015177042.992.76$7,609
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 2015181056.152.88$10,163
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 2015192044.662.98$8,575
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 2014194086.164.05$16,715
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 2014190098.164.74$18,650
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 20131950104.113.72$20,301
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 2013189094.834.15$17,923
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 2013195091.603.42$17,862
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 2012189094.672.92$17,893
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 20121830105.052.22$19,224
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 2011190095.723.31$18,187
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 2011191083.404.15$15,929
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 20111870105.964.33$19,815
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 2010179085.734.35$15,346
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 2010192072.633.98$13,945
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 2010188070.364.91$13,228
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 2009180072.544.11$13,057
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 2009180054.743.93$9,853
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 2009183035.865.37$6,562
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 2008186075.246.92$13,995
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 20081570131.3313.03$20,619
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 2007186069.066.39$12,845
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 2007187058.747.85$10,984
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 2006180054.207.62$9,756
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 2006163066.016.42$10,760
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 2006173060.598.93$10,482
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 2005172061.4512.08$10,569
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 2005178049.207.36$8,758
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 2004178039.866.75$7,095
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 2004181038.286.08$6,929
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 2004180034.365.53$6,185
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 2003174028.804.60$5,011
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 2003169029.765.13$5,029
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 2003144026.675.41$3,840
Mar 2003187031.146.10$5,823
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 2002184023.733.34$4,366
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 2002178022.003.10$3,916
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 2001180018.072.41$3,253
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 2001158023.933.20$3,781
Jun 20010024.563.82$0
May 2001176025.524.31$4,492
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 2000165031.235.15$5,153
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 1999168023.192.43$3,896
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 1999186015.792.32$2,937
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 199816609.201.77$1,527
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 1998173011.742.24$2,031
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 1998199012.802.31$2,547
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 1997164019.253.15$3,157
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 1997156017.242.26$2,689
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 1997158018.951.94$2,994
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 1996172023.32$4,011
Nov 19960021.97$0
Oct 19960023.31$0
Sep 1996111022.22$2,466
Aug 19960020.26$0
Jul 1996157019.55$3,069
Jun 19960018.73$0
May 1996198019.43$3,847
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 1995108017.19$1,857
Nov 19950016.00$0
Oct 1995122015.43$1,882
Sep 19950016.18$0
Aug 1995119015.92$1,894
Jul 19950015.24$0
Jun 1995116016.41$1,904
May 19950017.56$0
Apr 1995128017.73$2,269
Mar 19950016.44$0
Feb 1995152016.58$2,520
Jan 19950015.92$0
Dec 199495015.03$1,428
Nov 1994352015.90$5,597
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940117.56$0
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 1994352112.66$4,456
Dec 19930112.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 19930115.46$0
Jun 1993104116.79$1,746
May 19930017.68$0
Apr 1993158018.05$2,852
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.

Sep 2018 — as filed, then multipliedworked
Oil                   59 bbl  × $ 59.54 =     $3,513
Casinghead gas         0 Mcf  × $  3.11 =         $0

────────────────────────────────────────────────────
Month total                                   $3,513

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/20252 is the state's own key, not one this site invented.