7 J STOCK FARM

Operated by PARTEN OPERATING INC. (P-5 642718) in the FORT TRINIDAD (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21719District 03Field 32156071OilCasinghead gasSaveExport
Value, all time
$901 k
Jan 1993 – Aug 2007
Value, last 12 filed months
$0
at the published price for each month
Months reported
176
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 6 leases and 7 wells, and the rule below applies to all of them.

Discovered
1953-04-04
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition54,730 bbl$894,609
Casinghead gasProduction30,484 Mcf$6,124
Total$900,733

28,164 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 (176)

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

176 months

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 20030030.266.30$0
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 20030031.146.10$0
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 20020023.733.34$0
May 2002281024.663.58$6,929
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 200101524.563.82$57
May 200101525.524.31$65
Apr 20010024.685.34$0
Mar 20010124.545.38$5
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 200001028.534.09$41
Jun 200002929.304.40$128
May 200007927.263.68$291
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 19990023.192.43$0
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 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 199801514.702.15$32
Dec 199714512416.322.41$2,665
Nov 199704418.193.09$136
Oct 199709619.253.15$302
Sep 1997012017.742.95$355
Aug 199733922617.862.55$6,632
Jul 199718625217.582.25$3,836
Jun 199718115117.242.26$3,461
May 199718319518.972.31$3,922
Apr 199717912817.882.08$3,467
Mar 199736418218.951.94$7,251
Feb 199753129920.492.21$11,540
Jan 199755833923.483.54$14,302
Dec 199671343023.32$16,627
Nov 199618845421.97$4,130
Oct 199654447623.31$12,681
Sep 199636843622.22$8,177
Aug 199637334320.26$7,557
Jul 199637224319.55$7,273
Jun 199618736218.73$3,503
May 199618829519.43$3,653
Apr 199655229821.51$11,874
Mar 199618823619.38$3,643
Feb 199622527716.98$3,821
Jan 199638828217.07$6,623
Dec 199519920217.19$3,421
Nov 199554741516.00$8,752
Oct 199517619715.43$2,716
Sep 199517925216.18$2,896
Aug 199538447715.92$6,113
Jul 199537338915.24$5,685
Jun 199536728916.41$6,022
May 199518128917.56$3,178
Apr 199571668017.73$12,695
Mar 199572596716.44$11,919
Feb 199573597116.58$12,186
Jan 19951,2211,09015.92$19,438
Dec 19941,0991,48315.03$16,518
Nov 19941,0841,51915.90$17,236
Oct 19941,4441,74415.58$22,498
Sep 19941,2541,75115.29$19,174
Aug 19941,2391,75816.13$19,985
Jul 19941,4041,55717.56$24,654
Jun 19941,9562,21117.09$33,428
May 19941,4302,71915.88$22,708
Apr 19941,7781,92914.14$25,141
Mar 19941,9707612.46$24,546
Feb 19941,9996912.50$24,988
Jan 19941,6297612.66$20,623
Dec 19931,9957812.33$24,598
Nov 19932,0028014.49$29,009
Oct 19932,1838015.85$34,601
Sep 19931,7737915.03$26,648
Aug 19932,1487915.66$33,638
Jul 19931,6067615.46$24,829
Jun 19931,8307516.79$30,726
May 19932,0807717.68$36,774
Apr 19931,8987518.05$34,259
Mar 19932,2317618.14$40,470
Feb 19931,7387417.90$31,110
Jan 19931,9247316.93$32,573

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 2002 — as filed, then multipliedworked
Oil                  281 bbl  × $ 24.66 =     $6,929
Casinghead gas         0 Mcf  × $  3.58 =         $0

────────────────────────────────────────────────────
Month total                                   $6,929

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/21719 is the state's own key, not one this site invented.