SEVEN J.STOCK FARMS INC.

Operated by ENERGY & EXPL. PRTNRS OPER., LP (P-5 251869) in the FORT TRINIDAD, EAST (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24858District 03Field 32157071OilCasinghead gasSaveExport
Value, all time
$1.2 M
Nov 2005 – Oct 2016
Value, last 12 filed months
$0
at the published price for each month
Months reported
132
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 310 leases and 403 wells, and the rule below applies to all of them.

Discovered
1965-04-27
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-02-23.

The Commission's schedule remark for this field reads: DUE TO COMPUTER RESTRAINTS THE HIGHEST POSSIBLE TOP IS 3499

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
OilDisposition15,202 bbl$1,069,795
Casinghead gasProduction21,430 Mcf$158,034
Total$1,227,829

Every month this lease reported (132)

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

132 months

Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 2012460101.652.00$4,676
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 2010171072.554.74$12,406
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 2010180074.365.96$13,385
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 2008033114.228.48$280
Jul 200800131.0811.39$0
Jun 2008174175131.3313.03$25,132
May 2008179367123.1711.57$26,295
Apr 2008179513110.3110.45$25,109
Mar 2008540575101.909.66$60,583
Feb 2008043292.538.77$3,789
Jan 200853261190.388.21$53,096
Dec 200753954388.337.30$51,575
Nov 200736063991.677.29$37,661
Oct 20071,0811,07582.856.92$97,002
Sep 20071,0551,64275.846.24$90,264
Aug 20071,5711,50569.066.39$118,107
Jul 20077031,39270.906.39$58,735
Jun 20071,0541,45762.007.55$76,346
May 200771099158.747.85$49,481
Apr 20077061,18859.617.81$51,357
Mar 20077091,17456.927.30$48,929
Feb 20071,2321,35355.108.22$78,999
Jan 20078841,38250.306.73$53,762
Dec 200635379556.656.92$25,498
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 200615133160.085.04$10,739
Aug 200617461668.717.34$16,477
Jul 200652875169.376.34$41,391
Jun 2006040366.286.38$2,573
May 200632242366.016.42$23,973
Apr 20061773364.397.36$11,640
Mar 200651860656.707.08$33,663
Feb 200637436257.597.75$24,345
Jan 200606360.598.93$563
Dec 20050054.9413.42$0
Nov 20050054.6910.59$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.

Apr 2012 — as filed, then multipliedworked
Oil                   46 bbl  × $101.65 =     $4,676
Casinghead gas         0 Mcf  × $  2.00 =         $0

────────────────────────────────────────────────────
Month total                                   $4,676

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/24858 is the state's own key, not one this site invented.