JONES

Operated by PATTON EXPLORATION, INC. (P-5 643730) in the JANCA RANCH (AUSTIN CHALK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 25374District 03Field 45654100OilSaveExport
Value, all time
$1.0 M
Mar 2008 – Mar 2017
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
109
no gaps in the span
Streams
1
oil

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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered
1987-06-27
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition12,633 bbl$1,049,042
Total$1,049,042

Every month this lease reported (109)

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

109 months

Mar 2017046.772.98$0
Feb 2017050.452.95$0
Jan 2017049.413.42$0
Dec 201616748.763.72$8,143
Nov 2016042.492.64$0
Oct 2016046.193.09$0
Sep 2016041.553.10$0
Aug 2016041.442.92$0
Jul 2016041.622.92$0
Jun 2016045.352.69$0
May 2016042.521.99$0
Apr 2016036.561.99$0
Mar 2016033.011.79$0
Feb 2016026.472.06$0
Jan 2016027.352.36$0
Dec 2015032.362.00$0
Nov 2015038.792.17$0
Oct 201519243.552.43$8,362
Sep 2015042.992.76$0
Aug 2015040.162.87$0
Jul 2015048.152.95$0
Jun 2015056.152.88$0
May 2015055.212.96$0
Apr 2015049.822.71$0
Mar 2015042.892.93$0
Feb 2015044.662.98$0
Jan 2015043.433.10$0
Dec 2014054.693.59$0
Nov 2014070.464.25$0
Oct 2014078.303.90$0
Sep 2014086.164.05$0
Aug 2014089.394.04$0
Jul 2014096.564.18$0
Jun 2014098.164.74$0
May 2014094.734.73$0
Apr 2014095.944.81$0
Mar 2014095.895.06$0
Feb 2014097.406.19$0
Jan 2014090.404.86$0
Dec 2013091.824.35$0
Nov 201316788.853.74$14,838
Oct 2013097.423.78$0
Sep 20130104.113.72$0
Aug 20130104.253.52$0
Jul 2013181102.523.72$18,556
Jun 2013094.403.93$0
May 2013094.834.15$0
Apr 2013093.964.28$0
Mar 201316193.623.91$15,073
Feb 2013091.233.42$0
Jan 2013091.603.42$0
Dec 2012086.773.42$0
Nov 2012086.953.62$0
Oct 201218689.383.40$16,625
Sep 2012094.672.92$0
Aug 2012192.662.91$93
Jul 2012085.133.02$0
Jun 2012079.822.52$0
May 2012091.612.49$0
Apr 2012179101.652.00$18,195
Mar 20120105.052.22$0
Feb 20121101.102.57$101
Jan 2012098.092.73$0
Dec 2011096.873.24$0
Nov 2011095.723.31$0
Oct 2011084.983.65$0
Sep 201119283.623.99$16,055
Aug 2011083.404.15$0
Jul 2011094.144.52$0
Jun 201118092.904.64$16,722
May 2011098.134.40$0
Apr 20111105.964.33$106
Mar 2011196.364.06$96
Feb 2011085.644.18$0
Jan 201119386.504.59$16,695
Dec 2010085.734.35$0
Nov 201014880.843.80$11,964
Oct 2010078.103.51$0
Sep 2010072.633.98$0
Aug 201018873.684.42$13,852
Jul 2010072.554.74$0
Jun 201035770.364.91$25,119
May 2010171.124.24$71
Apr 2010181.694.12$82
Mar 201016578.394.39$12,934
Feb 201018973.585.44$13,907
Jan 201018074.365.96$13,385
Dec 2009071.445.48$0
Nov 200934074.593.75$25,361
Oct 2009072.544.11$0
Sep 200918765.543.06$12,256
Aug 200918367.423.22$12,338
Jul 200918161.133.46$11,065
Jun 200938266.163.90$25,273
May 200919554.743.93$10,674
Apr 200936546.773.59$17,071
Mar 200919342.144.06$8,133
Feb 200939232.814.63$12,862
Jan 200939835.865.37$14,272
Dec 200878037.105.98$28,938
Nov 200857755.496.86$32,018
Oct 200898075.246.92$73,735
Sep 2008970101.767.88$98,707
Aug 2008771114.228.48$88,064
Jul 2008761131.0811.39$99,752
Jun 2008968131.3313.03$127,127
May 2008189123.1711.57$23,279
Apr 2008790110.3110.45$87,145
Mar 20080101.909.66$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.

Dec 2016 — as filed, then multipliedworked
Oil                  167 bbl  × $ 48.76 =     $8,143

────────────────────────────────────────────────────
Month total                                   $8,143

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/25374 is the state's own key, not one this site invented.