C. W. ADAMS

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

Oil lease lease 22580District 03Field 32156710OilCasinghead gasSaveExport
Value, all time
$20 k
Nov 1993 – Nov 2001
Value, last 12 filed months
$1 k
at the published price for each month
Months reported
97
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 37 leases and 37 wells, and the rule below applies to all of them.

Discovered
1970-02-06
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2013-08-06.

The Commission's schedule remark for this field reads: 640 ACRES

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
OilDisposition1,132 bbl$19,283
Casinghead gasProduction1,897 Mcf$596
Total$19,879

1,653 Mcf of this lease's gas, across 36 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 (97)

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

97 months

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 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 200142027.478.40$1,154
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 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 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 19990415.942.36$9
May 19990415.792.32$9
Apr 1999172815.102.21$2,615
Mar 19990412.471.84$7
Feb 1999049.981.82$7
Jan 19990410.381.90$8
Dec 1998049.201.77$7
Nov 19980410.892.19$9
Oct 19980012.421.97$0
Sep 19980812.592.08$17
Aug 19980411.301.91$8
Jul 19980411.742.24$9
Jun 19980411.242.24$9
May 19980812.622.21$18
Apr 19980813.042.51$20
Mar 199801212.802.31$28
Feb 199801613.952.30$37
Jan 199801614.702.15$34
Dec 19970816.322.41$19
Nov 19970818.193.09$25
Oct 199701619.253.15$50
Sep 199702817.742.95$83
Aug 199701217.862.55$31
Jul 19970817.582.25$18
Jun 199701217.242.26$27
May 19971821618.972.31$3,489
Apr 19970417.882.08$8
Mar 19970418.951.94$8
Feb 19970420.492.21$9
Jan 19970823.483.54$28
Dec 19960423.32$0
Nov 19960421.97$0
Oct 19960823.31$0
Sep 19960022.22$0
Aug 19960420.26$0
Jul 199601219.55$0
Jun 199602018.73$0
May 199602019.43$0
Apr 199601621.51$0
Mar 19961812819.38$3,508
Feb 1996132816.98$221
Jan 199635217.07$51
Dec 19950417.19$0
Nov 19950416.00$0
Oct 19950815.43$0
Sep 19950416.18$0
Aug 199501215.92$0
Jul 1995169815.24$2,576
Jun 199501616.41$0
May 19950017.56$0
Apr 19950817.73$0
Mar 199502016.44$0
Feb 199502816.58$0
Jan 19951839415.92$2,913
Dec 199418711215.03$2,811
Nov 199404415.90$0
Oct 1994013015.58$0
Sep 199409215.29$0
Aug 1994029916.13$0
Jul 199407317.56$0
Jun 199407017.09$0
May 1994015115.88$0
Apr 199405814.14$0
Mar 199402912.46$0
Feb 199406312.50$0
Jan 199407212.66$0
Dec 199302712.33$0
Nov 199303114.49$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.

Jan 2001 — as filed, then multipliedworked
Oil                   42 bbl  × $ 27.47 =     $1,154
Casinghead gas         0 Mcf  × $  8.40 =         $0

────────────────────────────────────────────────────
Month total                                   $1,154

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/22580 is the state's own key, not one this site invented.