WHEELER & PICKENS FEE

Name: WHEELER & PICKENS FEE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CHEVRON U. S. A. INC. (P-5 148113) in the HUMBLE field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2401District 03Field 43464001Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$10.8 M

Jan 1993 – Mar 2019

Value, last 12 filed months

$28 k

at the published price for each month

Months reported

315

no gaps in the span

Streams

oil, casinghead gas

The HUMBLE 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 138 leases and 891 wells, and the rule below applies to all of them.

Discovered

1905-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

0 ft

minimum

A drilling unit in this field needs at least 0 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “THIS IS A PIERCEMENT TYPE SALT DOME.”

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	302,995 bbl	$10,425,537
Casinghead gas	Production	111,146 Mcf	$421,866
Total			$10,847,403

27,657 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.

Wells on this lease (18)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 29.9904, -95.2187. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.5 miles.

29.99961, -95.21878 · centre of 17 wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

18 of 18 wells

With a plug date

88.9%

16 of 18 wells

Median depth

4,150 ft

17 wells filed one

Completion to plug

16.0 years

median over 13 wells

What the state filed about each well

On the RRC proration schedule

18100.0%

A plug date is filed

1688.9%

BothOn the schedule and plugged. Neither fact cancels the other.

1688.9%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

Total depth in feet, 17 of 18 wells. Median 4,150 ft, with the middle half between 2,900 and 4,604 ft; the shallowest is 2,305 ft and the deepest 7,066 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 13 of 18 wells, Oct 1974 – May 2000. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Oct 1974 – May 2000

13 of 18 wells; 5 filed none

Plug dates filed

Dec 1971 – Nov 2018

16 of 18 wells; 2 filed none

Last completion to plug: a median of 16.0 years across the 13 wells that filed both dates, with the middle half between 13.9 years and 20.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

18 wells


42-20102488	30	2,550 ft	—	Jan 1996	Yes
42-20102503	27	2,305 ft	—	—	Yes
42-20107692	32	—	—	—	Yes
42-20107693	33	2,900 ft	—	Dec 1995	Yes
42-20130146	36	4,911 ft	—	Dec 1971	Yes
42-20132342	50	7,066 ft	May 2000	Oct 2018	Yes
42-20132496	51	2,915 ft	Aug 1999	Nov 2018	Yes
42-20130871	49	3,605 ft	May 1996	Jan 2001	Yes
42-20130208	38	4,611 ft	Apr 1996	Jan 2001	Yes
42-20130305	42	4,982 ft	Apr 1996	Nov 2018	Yes
42-20130356	44	2,686 ft	Mar 1989	Nov 2000	Yes
42-20130291	40	4,310 ft	Nov 1985	Oct 1999	Yes
42-20130454	47	4,150 ft	Jan 1985	Jan 2001	Yes
42-20130461	48	4,300 ft	Jan 1981	Feb 2001	Yes
42-20102520	26	3,000 ft	Jun 1980	Dec 1995	Yes
42-20130304	43	4,604 ft	Oct 1979	Nov 2000	Yes
42-20102377	11	2,386 ft	Jun 1979	Aug 1993	Yes
42-20130155	37	4,262 ft	Oct 1974	Oct 1997	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (315)

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

315 months


Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	50	6	60.18	3.08	$3,027
May 2018	179	45	65.38	2.90	$11,834
Apr 2018	196	54	63.84	2.90	$12,669
Mar 2018	155	66	61.22	2.79	$9,673
Feb 2018	170	56	61.78	2.77	$10,658
Jan 2018	168	60	62.87	4.01	$10,803
Dec 2017	157	60	57.27	2.92	$9,167
Nov 2017	296	60	55.42	3.12	$16,591
Oct 2017	270	63	49.29	2.98	$13,496
Sep 2017	178	51	47.52	3.09	$8,616
Aug 2017	236	60	45.37	3.00	$10,888
Jul 2017	255	82	43.87	3.09	$11,440
Jun 2017	268	85	42.49	3.09	$11,650
May 2017	317	95	45.37	3.26	$14,692
Apr 2017	367	124	47.93	3.21	$17,989
Mar 2017	380	135	46.77	2.98	$18,175
Feb 2017	347	124	50.45	2.95	$17,872
Jan 2017	391	149	49.41	3.42	$19,829
Dec 2016	459	125	48.76	3.72	$22,846
Nov 2016	417	143	42.49	2.64	$18,096
Oct 2016	434	147	46.19	3.09	$20,501
Sep 2016	391	113	41.55	3.10	$16,596
Aug 2016	428	121	41.44	2.92	$18,090
Jul 2016	418	123	41.62	2.92	$17,757
Jun 2016	249	101	45.35	2.69	$11,563
May 2016	369	145	42.52	1.99	$15,979
Apr 2016	316	134	36.56	1.99	$11,820
Mar 2016	345	138	33.01	1.79	$11,636
Feb 2016	387	122	26.47	2.06	$10,496
Jan 2016	481	126	27.35	2.36	$13,453
Dec 2015	440	142	32.36	2.00	$14,523
Nov 2015	466	130	38.79	2.17	$18,358
Oct 2015	516	146	43.55	2.43	$22,826
Sep 2015	516	160	42.99	2.76	$22,624
Aug 2015	488	126	40.16	2.87	$19,960
Jul 2015	370	115	48.15	2.95	$18,154
Jun 2015	423	124	56.15	2.88	$24,109
May 2015	433	130	55.21	2.96	$24,290
Apr 2015	444	136	49.82	2.71	$22,488
Mar 2015	486	142	42.89	2.93	$21,261
Feb 2015	431	122	44.66	2.98	$19,612
Jan 2015	439	134	43.43	3.10	$19,481
Dec 2014	492	151	54.69	3.59	$27,450
Nov 2014	505	155	70.46	4.25	$36,241
Oct 2014	516	136	78.30	3.90	$40,933
Sep 2014	504	130	86.16	4.05	$43,951
Aug 2014	500	144	89.39	4.04	$45,276
Jul 2014	510	137	96.56	4.18	$49,818
Jun 2014	537	178	98.16	4.74	$53,555
May 2014	486	144	94.73	4.73	$46,719
Apr 2014	518	129	95.94	4.81	$50,317
Mar 2014	453	131	95.89	5.06	$44,101
Feb 2014	519	128	97.40	6.19	$51,343
Jan 2014	587	159	90.40	4.86	$53,838
Dec 2013	512	96	91.82	4.35	$47,430
Nov 2013	275	70	88.85	3.74	$24,695
Oct 2013	597	132	97.42	3.78	$58,659
Sep 2013	562	140	104.11	3.72	$59,030
Aug 2013	521	134	104.25	3.52	$54,786
Jul 2013	560	151	102.52	3.72	$57,973
Jun 2013	568	130	94.40	3.93	$54,131
May 2013	644	138	94.83	4.15	$61,643
Apr 2013	698	141	93.96	4.28	$66,188
Mar 2013	582	156	93.62	3.91	$55,097
Feb 2013	267	113	91.23	3.42	$24,745
Jan 2013	614	157	91.60	3.42	$56,779
Dec 2012	516	131	86.77	3.42	$45,221
Nov 2012	486	128	86.95	3.62	$42,722
Oct 2012	529	123	89.38	3.40	$47,700
Sep 2012	575	129	94.67	2.92	$54,812
Aug 2012	563	137	92.66	2.91	$52,566
Jul 2012	579	136	85.13	3.02	$49,701
Jun 2012	535	121	79.82	2.52	$43,009
May 2012	595	133	91.61	2.49	$54,839
Apr 2012	400	94	101.65	2.00	$40,848
Mar 2012	656	117	105.05	2.22	$69,173
Feb 2012	604	109	101.10	2.57	$61,345
Jan 2012	647	112	98.09	2.73	$63,770
Dec 2011	630	106	96.87	3.24	$61,372
Nov 2011	577	113	95.72	3.31	$55,605
Oct 2011	637	40	84.98	3.65	$54,278
Sep 2011	556	266	83.62	3.99	$47,553
Aug 2011	624	300	83.40	4.15	$53,286
Jul 2011	593	321	94.14	4.52	$57,275
Jun 2011	575	495	92.90	4.64	$55,714
May 2011	647	625	98.13	4.40	$66,243
Apr 2011	690	275	105.96	4.33	$74,304
Mar 2011	657	361	96.36	4.06	$64,773
Feb 2011	402	211	85.64	4.18	$35,309
Jan 2011	476	162	86.50	4.59	$41,917
Dec 2010	591	653	85.73	4.35	$53,506
Nov 2010	543	50	80.84	3.80	$44,086
Oct 2010	508	60	78.10	3.51	$39,885
Sep 2010	553	91	72.63	3.98	$40,527
Aug 2010	583	118	73.68	4.42	$43,477
Jul 2010	557	48	72.55	4.74	$40,638
Jun 2010	440	97	70.36	4.91	$31,435
May 2010	140	146	71.12	4.24	$10,575
Apr 2010	196	134	81.69	4.12	$16,564
Mar 2010	288	76	78.39	4.39	$22,910
Feb 2010	577	25	73.58	5.44	$42,592
Jan 2010	641	5	74.36	5.96	$47,695
Dec 2009	591	4	71.44	5.48	$42,243
Nov 2009	692	39	74.59	3.75	$51,763
Oct 2009	667	5	72.54	4.11	$48,405
Sep 2009	572	76	65.54	3.06	$37,722
Aug 2009	629	154	67.42	3.22	$42,903
Jul 2009	593	157	61.13	3.46	$36,794
Jun 2009	638	75	66.16	3.90	$42,502
May 2009	496	31	54.74	3.93	$27,273
Apr 2009	615	61	46.77	3.59	$28,982
Mar 2009	651	49	42.14	4.06	$27,632
Feb 2009	537	39	32.81	4.63	$17,800
Jan 2009	638	50	35.86	5.37	$23,147
Dec 2008	519	39	37.10	5.98	$19,488
Nov 2008	514	47	55.49	6.86	$28,844
Oct 2008	427	73	75.24	6.92	$32,633
Sep 2008	241	28	101.76	7.88	$24,745
Aug 2008	573	205	114.22	8.48	$67,187
Jul 2008	593	131	131.08	11.39	$79,222
Jun 2008	604	127	131.33	13.03	$80,978
May 2008	602	136	123.17	11.57	$75,722
Apr 2008	654	98	110.31	10.45	$73,167
Mar 2008	546	74	101.90	9.66	$56,353
Feb 2008	573	84	92.53	8.77	$53,756
Jan 2008	631	93	90.38	8.21	$57,793
Dec 2007	575	71	88.33	7.30	$51,308
Nov 2007	727	0	91.67	7.29	$66,644
Oct 2007	594	3	82.85	6.92	$49,234
Sep 2007	608	7	75.84	6.24	$46,154
Aug 2007	596	90	69.06	6.39	$41,735
Jul 2007	640	17	70.90	6.39	$45,485
Jun 2007	569	70	62.00	7.55	$35,806
May 2007	549	28	58.74	7.85	$32,468
Apr 2007	346	0	59.61	7.81	$20,625
Mar 2007	553	0	56.92	7.30	$31,477
Feb 2007	537	70	55.10	8.22	$30,164
Jan 2007	523	43	50.30	6.73	$26,596
Dec 2006	537	46	56.65	6.92	$30,739
Nov 2006	582	128	54.20	7.62	$32,519
Oct 2006	641	0	54.90	6.01	$35,191
Sep 2006	507	46	60.08	5.04	$30,692
Aug 2006	638	76	68.71	7.34	$44,395
Jul 2006	660	80	69.37	6.34	$46,292
Jun 2006	704	185	66.28	6.38	$47,842
May 2006	707	123	66.01	6.42	$47,459
Apr 2006	724	159	64.39	7.36	$47,789
Mar 2006	750	149	56.70	7.08	$43,580
Feb 2006	700	205	57.59	7.75	$41,902
Jan 2006	727	346	60.59	8.93	$47,140
Dec 2005	785	541	54.94	13.42	$50,386
Nov 2005	550	596	54.69	10.59	$36,390
Oct 2005	837	536	58.34	13.80	$56,225
Sep 2005	619	1,033	61.45	12.08	$50,515
Aug 2005	752	1,496	61.51	9.80	$60,912
Jul 2005	809	1,113	55.69	7.84	$53,783
Jun 2005	735	1,381	52.33	7.38	$48,656
May 2005	683	1,866	45.22	6.65	$43,296
Apr 2005	747	1,857	49.20	7.36	$50,421
Mar 2005	767	4,180	50.37	7.15	$68,541
Feb 2005	594	2,924	45.22	6.31	$45,317
Jan 2005	583	4,311	43.16	6.32	$52,417
Dec 2004	609	1,968	39.86	6.75	$37,561
Nov 2004	685	2,472	45.28	6.33	$46,666
Oct 2004	330	2,128	49.70	6.52	$30,265
Sep 2004	231	4,194	43.24	5.28	$32,149
Aug 2004	322	2,175	42.37	5.55	$25,716
Jul 2004	800	76	38.28	6.08	$31,086
Jun 2004	901	63	36.10	6.43	$32,931
May 2004	809	66	37.48	6.49	$30,750
Apr 2004	941	37	34.47	5.86	$32,653
Mar 2004	633	86	34.36	5.53	$22,225
Feb 2004	778	88	32.45	5.51	$25,731
Jan 2004	924	114	32.03	6.30	$30,314
Dec 2003	805	98	30.26	6.30	$24,977
Nov 2003	711	108	28.80	4.60	$20,973
Oct 2003	838	105	28.17	4.76	$24,106
Sep 2003	822	117	26.31	4.75	$22,183
Aug 2003	569	82	29.76	5.13	$17,354
Jul 2003	619	76	29.41	5.17	$18,598
Jun 2003	652	97	28.56	5.98	$19,201
May 2003	878	79	26.59	5.97	$23,818
Apr 2003	346	82	26.67	5.41	$9,671
Mar 2003	371	171	31.14	6.10	$12,595
Feb 2003	788	48	33.48	7.93	$26,763
Jan 2003	1,292	293	30.31	5.58	$40,796
Dec 2002	340	236	26.91	4.85	$10,295
Nov 2002	375	184	24.66	4.14	$10,009
Oct 2002	853	158	26.46	4.23	$23,239
Sep 2002	854	113	27.44	3.64	$23,845
Aug 2002	851	122	25.96	3.16	$22,478
Jul 2002	645	107	24.58	3.06	$16,182
Jun 2002	299	47	23.73	3.34	$7,252
May 2002	319	48	24.66	3.58	$8,039
Apr 2002	194	98	23.65	3.51	$4,932
Mar 2002	331	107	22.00	3.10	$7,614
Feb 2002	697	29	18.22	2.38	$12,768
Jan 2002	1,418	47	17.17	2.38	$24,459
Dec 2001	1,163	1	16.93	2.36	$19,692
Nov 2001	1,348	119	18.07	2.41	$24,645
Oct 2001	1,200	123	19.78	2.53	$24,047
Sep 2001	1,257	119	24.26	2.25	$30,763
Aug 2001	1,340	124	24.87	3.05	$33,704
Jul 2001	1,495	123	23.93	3.20	$36,169
Jun 2001	1,165	123	24.56	3.82	$29,083
May 2001	1,553	192	25.52	4.31	$40,460
Apr 2001	1,148	195	24.68	5.34	$29,373
Mar 2001	1,437	314	24.54	5.38	$36,952
Feb 2001	1,431	213	27.75	5.77	$40,939
Jan 2001	1,604	197	27.47	8.40	$45,716
Dec 2000	1,794	212	26.88	9.12	$50,157
Nov 2000	1,689	180	32.21	5.66	$55,421
Oct 2000	1,645	197	31.23	5.15	$52,387
Sep 2000	1,952	150	31.87	5.19	$62,988
Aug 2000	1,922	155	29.64	4.54	$57,672
Jul 2000	2,590	1,125	28.53	4.09	$78,494
Jun 2000	3,622	1,685	29.30	4.40	$113,534
May 2000	2,783	988	27.26	3.68	$79,500
Apr 2000	1,228	66	24.51	3.12	$30,304
Mar 2000	1,179	596	28.42	2.86	$35,212
Feb 2000	1,160	976	27.62	2.73	$34,700
Jan 2000	1,222	133	25.27	2.48	$31,210
Dec 1999	1,379	151	24.28	2.42	$33,848
Nov 1999	1,424	132	23.19	2.43	$33,344
Oct 1999	1,567	132	20.98	2.80	$33,246
Sep 1999	1,805	133	21.75	2.62	$39,607
Aug 1999	1,501	153	19.26	2.88	$29,349
Jul 1999	1,422	3	17.89	2.37	$25,447
Jun 1999	1,631	10	15.94	2.36	$26,022
May 1999	1,402	159	15.79	2.32	$22,507
Apr 1999	1,066	73	15.10	2.21	$16,258
Mar 1999	1,202	61	12.47	1.84	$15,101
Feb 1999	1,442	131	9.98	1.82	$14,629
Jan 1999	1,774	13	10.38	1.90	$18,439
Dec 1998	1,683	47	9.20	1.77	$15,567
Nov 1998	1,591	196	10.89	2.19	$17,754
Oct 1998	1,432	452	12.42	1.97	$18,676
Sep 1998	1,661	393	12.59	2.08	$21,730
Aug 1998	1,659	499	11.30	1.91	$19,698
Jul 1998	1,521	605	11.74	2.24	$19,210
Jun 1998	1,613	620	11.24	2.24	$19,517
May 1998	1,502	694	12.62	2.21	$20,486
Apr 1998	1,787	816	13.04	2.51	$25,347
Mar 1998	1,673	873	12.80	2.31	$23,431
Feb 1998	1,498	991	13.95	2.30	$23,176
Jan 1998	1,834	1,104	14.70	2.15	$29,339
Dec 1997	1,972	1,074	16.32	2.41	$34,773
Nov 1997	1,817	995	18.19	3.09	$36,124
Oct 1997	2,127	1,103	19.25	3.15	$44,419
Sep 1997	2,130	987	17.74	2.95	$40,703
Aug 1997	2,175	805	17.86	2.55	$40,902
Jul 1997	4,068	1,074	17.58	2.25	$73,929
Jun 1997	1,934	881	17.24	2.26	$35,331
May 1997	2,348	867	18.97	2.31	$46,543
Apr 1997	2,335	790	17.88	2.08	$43,395
Mar 1997	2,562	1,028	18.95	1.94	$50,543
Feb 1997	2,366	657	20.49	2.21	$49,929
Jan 1997	2,552	663	23.48	3.54	$62,268
Dec 1996	2,625	805	23.32	—	$61,215
Nov 1996	2,652	748	21.97	—	$58,264
Oct 1996	2,618	409	23.31	—	$61,026
Sep 1996	2,434	926	22.22	—	$54,083
Aug 1996	3,214	1,140	20.26	—	$65,116
Jul 1996	3,321	1,606	19.55	—	$64,926
Jun 1996	3,578	1,538	18.73	—	$67,016
May 1996	4,167	3,679	19.43	—	$80,965
Apr 1996	3,260	2,334	21.51	—	$70,123
Mar 1996	3,144	349	19.38	—	$60,931
Feb 1996	2,966	391	16.98	—	$50,363
Jan 1996	3,126	266	17.07	—	$53,361
Dec 1995	2,593	308	17.19	—	$44,574
Nov 1995	2,574	312	16.00	—	$41,184
Oct 1995	2,754	210	15.43	—	$42,494
Sep 1995	2,778	352	16.18	—	$44,948
Aug 1995	2,697	375	15.92	—	$42,936
Jul 1995	2,853	334	15.24	—	$43,480
Jun 1995	2,568	353	16.41	—	$42,141
May 1995	2,766	433	17.56	—	$48,571
Apr 1995	2,483	389	17.73	—	$44,024
Mar 1995	2,891	422	16.44	—	$47,528
Feb 1995	2,282	458	16.58	—	$37,836
Jan 1995	2,525	536	15.92	—	$40,198
Dec 1994	2,670	696	15.03	—	$40,130
Nov 1994	2,547	639	15.90	—	$40,497
Oct 1994	1,887	622	15.58	—	$29,399
Sep 1994	2,477	617	15.29	—	$37,873
Aug 1994	2,237	101	16.13	—	$36,083
Jul 1994	1,307	153	17.56	—	$22,951
Jun 1994	983	321	17.09	—	$16,799
May 1994	1,433	1,591	15.88	—	$22,756
Apr 1994	779	617	14.14	—	$11,015
Mar 1994	1,108	297	12.46	—	$13,806
Feb 1994	656	179	12.50	—	$8,200
Jan 1994	178	252	12.66	—	$2,253
Dec 1993	332	202	12.33	—	$4,094
Nov 1993	276	82	14.49	—	$3,999
Oct 1993	364	75	15.85	—	$5,769
Sep 1993	315	241	15.03	—	$4,734
Aug 1993	342	182	15.66	—	$5,356
Jul 1993	347	276	15.46	—	$5,365
Jun 1993	325	237	16.79	—	$5,457
May 1993	479	252	17.68	—	$8,469
Apr 1993	342	301	18.05	—	$6,173
Mar 1993	330	405	18.14	—	$5,986
Feb 1993	338	273	17.90	—	$6,050
Jan 1993	492	373	16.93	—	$8,330

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.

Jun 2018 — as filed, then multipliedworked

Oil                   50 bbl  × $ 60.18 =     $3,009
Casinghead gas         6 Mcf  × $  3.08 =        $18

────────────────────────────────────────────────────
Month total                                   $3,027

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/2401 is the state's own key, not one this site invented.