COLT UNIT

Name: COLT UNIT lease production and value, Sep 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by LRR PECOS VALLEY, LLC (P-5 511724) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24544District 03Field 34733500OilCasinghead gasSave Export

Value, all time

$7.1 M

Sep 2003 – Mar 2022

Value, last 12 filed months

at the published price for each month

Months reported

223

no gaps in the span

Streams

oil, casinghead gas

The GIDDINGS (AUSTIN CHALK-3) 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 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered

1960-10-29

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2025-09-30.

The Commission's schedule remark for this field reads: “DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED”

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	104,999 bbl	$6,441,426
Casinghead gas	Production	115,951 Mcf	$698,440
Total			$7,139,866

Every month this lease reported (223)

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

223 months


Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	158	0	59.01	2.30	$9,324
Nov 2019	184	0	55.30	2.75	$10,175
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	189	0	55.05	2.66	$10,404
Aug 2019	169	0	53.11	2.30	$8,976
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	167	0	52.78	2.49	$8,814
May 2019	171	0	58.48	2.74	$10,000
Apr 2019	2	0	62.63	2.75	$125
Mar 2019	176	0	56.80	3.06	$9,997
Feb 2019	172	0	50.85	2.79	$8,746
Jan 2019	95	0	46.03	3.23	$4,373
Dec 2018	182	0	46.59	4.19	$8,479
Nov 2018	176	0	52.93	4.24	$9,316
Oct 2018	195	0	61.44	3.40	$11,981
Sep 2018	172	0	59.54	3.11	$10,241
Aug 2018	193	0	59.40	3.07	$11,464
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	172	0	60.18	3.08	$10,351
May 2018	187	62	65.38	2.90	$12,406
Apr 2018	176	242	63.84	2.90	$11,938
Mar 2018	179	265	61.22	2.79	$11,697
Feb 2018	186	221	61.78	2.77	$12,102
Jan 2018	192	244	62.87	4.01	$13,049
Dec 2017	196	266	57.27	2.92	$12,002
Nov 2017	180	199	55.42	3.12	$10,596
Oct 2017	184	272	49.29	2.98	$9,881
Sep 2017	370	272	47.52	3.09	$18,422
Aug 2017	0	287	45.37	3.00	$862
Jul 2017	189	185	43.87	3.09	$8,863
Jun 2017	367	0	42.49	3.09	$15,594
May 2017	189	29	45.37	3.26	$8,670
Apr 2017	194	243	47.93	3.21	$10,079
Mar 2017	195	181	46.77	2.98	$9,660
Feb 2017	179	224	50.45	2.95	$9,692
Jan 2017	177	242	49.41	3.42	$9,573
Dec 2016	181	223	48.76	3.72	$9,656
Nov 2016	181	271	42.49	2.64	$8,407
Oct 2016	360	244	46.19	3.09	$17,382
Sep 2016	179	233	41.55	3.10	$8,160
Aug 2016	178	296	41.44	2.92	$8,242
Jul 2016	180	338	41.62	2.92	$8,480
Jun 2016	362	180	45.35	2.69	$16,900
May 2016	184	239	42.52	1.99	$8,300
Apr 2016	186	363	36.56	1.99	$7,523
Mar 2016	196	215	33.01	1.79	$6,856
Feb 2016	185	329	26.47	2.06	$5,576
Jan 2016	381	401	27.35	2.36	$11,368
Dec 2015	185	404	32.36	2.00	$6,795
Nov 2015	190	215	38.79	2.17	$7,836
Oct 2015	195	286	43.55	2.43	$9,186
Sep 2015	371	304	42.99	2.76	$16,788
Aug 2015	191	322	40.16	2.87	$8,596
Jul 2015	382	379	48.15	2.95	$19,509
Jun 2015	178	381	56.15	2.88	$11,093
May 2015	189	373	55.21	2.96	$11,537
Apr 2015	379	360	49.82	2.71	$19,856
Mar 2015	193	338	42.89	2.93	$9,270
Feb 2015	370	283	44.66	2.98	$17,366
Jan 2015	388	385	43.43	3.10	$18,045
Dec 2014	180	420	54.69	3.59	$11,353
Nov 2014	362	418	70.46	4.25	$27,284
Oct 2014	371	420	78.30	3.90	$30,688
Sep 2014	371	419	86.16	4.05	$33,660
Aug 2014	363	486	89.39	4.04	$34,410
Jul 2014	364	466	96.56	4.18	$37,096
Jun 2014	193	493	98.16	4.74	$21,280
May 2014	370	466	94.73	4.73	$37,253
Apr 2014	372	414	95.94	4.81	$37,681
Mar 2014	374	472	95.89	5.06	$38,250
Feb 2014	364	467	97.40	6.19	$38,345
Jan 2014	364	395	90.40	4.86	$34,826
Dec 2013	375	568	91.82	4.35	$36,906
Nov 2013	350	563	88.85	3.74	$33,202
Oct 2013	362	569	97.42	3.78	$37,417
Sep 2013	357	550	104.11	3.72	$39,212
Aug 2013	368	634	104.25	3.52	$40,597
Jul 2013	360	569	102.52	3.72	$39,023
Jun 2013	544	479	94.40	3.93	$53,238
May 2013	361	671	94.83	4.15	$37,018
Apr 2013	534	660	93.96	4.28	$53,001
Mar 2013	355	681	93.62	3.91	$35,900
Feb 2013	359	596	91.23	3.42	$34,790
Jan 2013	557	682	91.60	3.42	$53,354
Dec 2012	566	714	86.77	3.42	$51,554
Nov 2012	373	725	86.95	3.62	$35,060
Oct 2012	537	823	89.38	3.40	$50,795
Sep 2012	542	566	94.67	2.92	$52,963
Aug 2012	717	1,072	92.66	2.91	$69,555
Jul 2012	892	764	85.13	3.02	$78,244
Jun 2012	725	780	79.82	2.52	$59,834
May 2012	0	22	91.61	2.49	$55
Apr 2012	180	537	101.65	2.00	$19,369
Mar 2012	356	557	105.05	2.22	$38,636
Feb 2012	554	483	101.10	2.57	$57,251
Jan 2012	195	505	98.09	2.73	$20,508
Dec 2011	383	531	96.87	3.24	$38,822
Nov 2011	194	290	95.72	3.31	$19,530
Oct 2011	364	566	84.98	3.65	$32,998
Sep 2011	358	588	83.62	3.99	$32,280
Aug 2011	360	658	83.40	4.15	$32,754
Jul 2011	372	611	94.14	4.52	$37,780
Jun 2011	377	607	92.90	4.64	$37,840
May 2011	545	584	98.13	4.40	$56,053
Apr 2011	378	601	105.96	4.33	$42,657
Mar 2011	354	413	96.36	4.06	$35,787
Feb 2011	379	409	85.64	4.18	$34,167
Jan 2011	380	217	86.50	4.59	$33,866
Dec 2010	358	206	85.73	4.35	$31,587
Nov 2010	364	332	80.84	3.80	$30,686
Oct 2010	363	406	78.10	3.51	$29,775
Sep 2010	374	412	72.63	3.98	$28,803
Aug 2010	361	458	73.68	4.42	$28,623
Jul 2010	371	452	72.55	4.74	$29,057
Jun 2010	362	402	70.36	4.91	$27,444
May 2010	538	435	71.12	4.24	$40,105
Apr 2010	361	416	81.69	4.12	$31,205
Mar 2010	361	386	78.39	4.39	$29,993
Feb 2010	546	400	73.58	5.44	$42,352
Jan 2010	360	460	74.36	5.96	$29,513
Dec 2009	715	488	71.44	5.48	$53,756
Nov 2009	180	197	74.59	3.75	$14,165
Oct 2009	180	125	72.54	4.11	$13,571
Sep 2009	359	525	65.54	3.06	$25,138
Aug 2009	538	123	67.42	3.22	$36,668
Jul 2009	499	429	61.13	3.46	$31,990
Jun 2009	540	596	66.16	3.90	$38,048
May 2009	376	626	54.74	3.93	$23,040
Apr 2009	364	1,025	46.77	3.59	$20,701
Mar 2009	545	1,214	42.14	4.06	$27,894
Feb 2009	551	1,129	32.81	4.63	$23,309
Jan 2009	555	1,234	35.86	5.37	$26,530
Dec 2008	360	1,271	37.10	5.98	$20,953
Nov 2008	547	1,235	55.49	6.86	$38,826
Oct 2008	579	1,283	75.24	6.92	$52,445
Sep 2008	386	1,243	101.76	7.88	$49,071
Aug 2008	579	1,266	114.22	8.48	$76,873
Jul 2008	580	1,266	131.08	11.39	$90,445
Jun 2008	570	1,220	131.33	13.03	$90,758
May 2008	573	1,206	123.17	11.57	$84,535
Apr 2008	581	1,195	110.31	10.45	$76,584
Mar 2008	390	1,196	101.90	9.66	$51,299
Feb 2008	582	1,118	92.53	8.77	$63,658
Jan 2008	575	1,179	90.38	8.21	$61,643
Dec 2007	580	1,224	88.33	7.30	$60,169
Nov 2007	579	1,216	91.67	7.29	$61,944
Oct 2007	778	1,309	82.85	6.92	$73,518
Sep 2007	581	1,134	75.84	6.24	$51,144
Aug 2007	573	1,268	69.06	6.39	$47,671
Jul 2007	777	1,323	70.90	6.39	$63,541
Jun 2007	558	1,176	62.00	7.55	$43,473
May 2007	565	735	58.74	7.85	$38,955
Apr 2007	746	1,357	59.61	7.81	$55,061
Mar 2007	771	1,108	56.92	7.30	$51,976
Feb 2007	387	740	55.10	8.22	$27,404
Jan 2007	584	1,317	50.30	6.73	$38,234
Dec 2006	745	1,400	56.65	6.92	$51,890
Nov 2006	747	1,388	54.20	7.62	$51,060
Oct 2006	647	1,437	54.90	6.01	$44,162
Sep 2006	738	1,410	60.08	5.04	$51,441
Aug 2006	737	1,450	68.71	7.34	$61,282
Jul 2006	922	1,552	69.37	6.34	$73,803
Jun 2006	739	1,453	66.28	6.38	$58,257
May 2006	922	1,680	66.01	6.42	$71,655
Apr 2006	733	1,653	64.39	7.36	$59,365
Mar 2006	952	1,695	56.70	7.08	$65,984
Feb 2006	749	1,334	57.59	7.75	$53,475
Jan 2006	919	1,464	60.59	8.93	$68,761
Dec 2005	910	1,014	54.94	13.42	$63,599
Nov 2005	1,118	1,008	54.69	10.59	$71,817
Oct 2005	932	1,061	58.34	13.80	$69,010
Sep 2005	943	890	61.45	12.08	$68,698
Aug 2005	1,121	884	61.51	9.80	$77,613
Jul 2005	1,112	771	55.69	7.84	$67,975
Jun 2005	1,109	1,009	52.33	7.38	$65,481
May 2005	1,469	1,678	45.22	6.65	$77,589
Apr 2005	1,660	1,949	49.20	7.36	$96,018
Mar 2005	1,282	795	50.37	7.15	$70,262
Feb 2005	1,435	1,531	45.22	6.31	$74,554
Jan 2005	1,488	1,409	43.16	6.32	$73,130
Dec 2004	1,835	1,388	39.86	6.75	$82,514
Nov 2004	1,831	1,354	45.28	6.33	$91,479
Oct 2004	2,568	1,547	49.70	6.52	$137,708
Sep 2004	1,420	102	43.24	5.28	$61,940
Aug 2004	2,015	49	42.37	5.55	$85,648
Jul 2004	2,372	96	38.28	6.08	$91,384
Jun 2004	2,591	96	36.10	6.43	$94,153
May 2004	2,578	259	37.48	6.49	$98,306
Apr 2004	2,794	372	34.47	5.86	$98,489
Mar 2004	83	2	34.36	5.53	$2,863
Feb 2004	367	60	32.45	5.51	$12,240
Jan 2004	1,099	47	32.03	6.30	$35,497
Dec 2003	1,107	27	30.26	6.30	$33,668
Nov 2003	1,282	432	28.80	4.60	$38,907
Oct 2003	1,237	40	28.17	4.76	$35,037
Sep 2003	901	127	26.31	4.75	$24,308

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.

Dec 2019 — as filed, then multipliedworked

Oil                  158 bbl  × $ 59.01 =     $9,324
Casinghead gas         0 Mcf  × $  2.30 =         $0

────────────────────────────────────────────────────
Month total                                   $9,324

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/24544 is the state's own key, not one this site invented.