HANCOCK, JOHN

Operated by NORTHFIELD ENTERPRISES, INC. (P-5 614551) in the KURTEN (AUSTIN CHALK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 22035District 03Field 50424400OilCasinghead gasSaveExport
Value, all time
$592 k
May 1993 – Apr 2007
Value, last 12 filed months
$0
at the published price for each month
Months reported
168
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 106 leases and 110 wells, and the rule below applies to all of them.

Discovered
1979-09-15
as the register files it
Field class
Oil
the register's own label
Between wells
1,867 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres.

The Commission's schedule remark for this field reads: OPTIONAL: 80 ACRES DIAGONAL: 3250

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
OilDisposition29,793 bbl$592,437
Casinghead gasProduction211 Mcf$0
Total$592,437

211 Mcf of this lease's gas, across 23 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 (168)

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

168 months

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 200530061.4512.08$1,844
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 2005178045.226.65$8,049
Apr 20051049.207.36$49
Mar 20050050.377.15$0
Feb 2005180045.226.31$8,140
Jan 20050043.166.32$0
Dec 2004179039.866.75$7,135
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 2004175043.245.28$7,567
Aug 20040042.375.55$0
Jul 2004181038.286.08$6,929
Jun 20040036.106.43$0
May 2004179037.486.49$6,709
Apr 20040034.475.86$0
Mar 2004181034.365.53$6,219
Feb 20040032.455.51$0
Jan 2004191032.036.30$6,118
Dec 20031030.266.30$30
Nov 20030028.804.60$0
Oct 2003176028.174.76$4,958
Sep 2003187026.314.75$4,920
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 2003181028.565.98$5,169
May 2003180026.595.97$4,786
Apr 2003180026.675.41$4,801
Mar 20030031.146.10$0
Feb 20031033.487.93$33
Jan 2003180030.315.58$5,456
Dec 2002183026.914.85$4,925
Nov 20020024.664.14$0
Oct 2002180026.464.23$4,763
Sep 20020027.443.64$0
Aug 2002182025.963.16$4,725
Jul 20020024.583.06$0
Jun 2002172023.733.34$4,082
May 2002354024.663.58$8,730
Apr 2002178023.653.51$4,210
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 2001180016.932.36$3,047
Nov 2001181018.072.41$3,271
Oct 20010019.782.53$0
Sep 2001186024.262.25$4,512
Aug 20010024.873.05$0
Jul 2001173023.933.20$4,140
Jun 2001175024.563.82$4,298
May 20010025.524.31$0
Apr 2001180024.685.34$4,442
Mar 2001363024.545.38$8,908
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 2000180026.889.12$4,838
Nov 2000177032.215.66$5,701
Oct 20000031.235.15$0
Sep 2000180031.875.19$5,737
Aug 2000180029.644.54$5,335
Jul 2000174028.534.09$4,964
Jun 20000029.304.40$0
May 2000169027.263.68$4,607
Apr 2000157024.513.12$3,848
Mar 2000159028.422.86$4,519
Feb 2000179027.622.73$4,944
Jan 2000162025.272.48$4,094
Dec 1999165024.282.42$4,006
Nov 1999180023.192.43$4,174
Oct 1999182020.982.80$3,818
Sep 1999185021.752.62$4,024
Aug 1999177019.262.88$3,409
Jul 1999177017.892.37$3,167
Jun 1999182015.942.36$2,901
May 1999184015.792.32$2,905
Apr 1999183015.102.21$2,763
Mar 1999170012.471.84$2,120
Feb 199918009.981.82$1,796
Jan 1999181010.381.90$1,879
Dec 199818209.201.77$1,674
Nov 1998175010.892.19$1,906
Oct 1998176012.421.97$2,186
Sep 1998345012.592.08$4,344
Aug 1998181011.301.91$2,045
Jul 19980011.742.24$0
Jun 1998351011.242.24$3,945
May 1998138012.622.21$1,742
Apr 1998179013.042.51$2,334
Mar 1998351012.802.31$4,493
Feb 1998181013.952.30$2,525
Jan 1998273014.702.15$4,013
Dec 1997184016.322.41$3,003
Nov 1997165018.193.09$3,001
Oct 1997355019.253.15$6,834
Sep 1997178017.742.95$3,158
Aug 1997359017.862.55$6,412
Jul 1997353017.582.25$6,206
Jun 1997177017.242.26$3,051
May 1997358018.972.31$6,791
Apr 1997178017.882.08$3,183
Mar 1997356018.951.94$6,746
Feb 1997178020.492.21$3,647
Jan 1997543023.483.54$12,750
Dec 1996180023.32$4,198
Nov 1996355021.97$7,799
Oct 1996353023.31$8,228
Sep 1996535022.22$11,888
Aug 1996347020.26$7,030
Jul 1996606019.55$11,847
Jun 1996557018.73$10,433
May 1996182019.43$3,536
Apr 1996537021.51$11,551
Mar 1996720019.38$13,954
Feb 1996356016.98$6,045
Jan 1996182017.07$3,107
Dec 1995541017.19$9,300
Nov 1995905016.00$14,480
Oct 1995534015.43$8,240
Sep 1995885016.18$14,319
Aug 19951,227015.92$19,534
Jul 19951,405015.24$21,412
Jun 19951,2324316.41$20,217
May 19958743917.56$15,347
Apr 19953402117.73$6,028
Mar 199502916.44$0
Feb 199512716.58$17
Jan 199501315.92$0
Dec 199402315.03$0
Nov 19940015.90$0
Oct 1994177015.58$2,758
Sep 1994177115.29$2,706
Aug 19941116.13$16
Jul 1994179017.56$3,143
Jun 19940117.09$0
May 19941115.88$16
Apr 19940114.14$0
Mar 19941112.46$12
Feb 1994177112.50$2,213
Jan 19940112.66$0
Dec 1993176112.33$2,170
Nov 19936114.49$87
Oct 1993346115.85$5,484
Sep 19930115.03$0
Aug 19930115.66$0
Jul 1993335115.46$5,179
Jun 1993336116.79$5,641
May 19930117.68$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 2005 — as filed, then multipliedworked
Oil                   30 bbl  × $ 61.45 =     $1,844
Casinghead gas         0 Mcf  × $ 12.08 =         $0

────────────────────────────────────────────────────
Month total                                   $1,844

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/22035 is the state's own key, not one this site invented.