SPITFIRE UNIT
Operated by ETOCO, L.P. (P-5 255133) in the GIDDINGS (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.
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 | 38,114 bbl | $3,405,599 |
| Casinghead gas | Production | 65,681 Mcf | $197,010 |
| Total | $3,602,609 | ||
Every month this lease reported (57)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
57 months
| Oct 2016 | 0 | 0 | 46.19 | 3.09 | $0 |
| Sep 2016 | 0 | 0 | 41.55 | 3.10 | $0 |
| Aug 2016 | 0 | 0 | 41.44 | 2.92 | $0 |
| Jul 2016 | 0 | 0 | 41.62 | 2.92 | $0 |
| Jun 2016 | 0 | 0 | 45.35 | 2.69 | $0 |
| May 2016 | 0 | 0 | 42.52 | 1.99 | $0 |
| Apr 2016 | 0 | 0 | 36.56 | 1.99 | $0 |
| Mar 2016 | 0 | 0 | 33.01 | 1.79 | $0 |
| Feb 2016 | 0 | 0 | 26.47 | 2.06 | $0 |
| Jan 2016 | 0 | 0 | 27.35 | 2.36 | $0 |
| Dec 2015 | 0 | 0 | 32.36 | 2.00 | $0 |
| Nov 2015 | 47 | 0 | 38.79 | 2.17 | $1,823 |
| Oct 2015 | 156 | 0 | 43.55 | 2.43 | $6,794 |
| Sep 2015 | 0 | 0 | 42.99 | 2.76 | $0 |
| Aug 2015 | 0 | 0 | 40.16 | 2.87 | $0 |
| Jul 2015 | 192 | 1,318 | 48.15 | 2.95 | $13,126 |
| Jun 2015 | 340 | 1,424 | 56.15 | 2.88 | $23,196 |
| May 2015 | 186 | 1,185 | 55.21 | 2.96 | $13,771 |
| Apr 2015 | 0 | 1,353 | 49.82 | 2.71 | $3,662 |
| Mar 2015 | 185 | 2,826 | 42.89 | 2.93 | $16,228 |
| Feb 2015 | 730 | 830 | 44.66 | 2.98 | $35,072 |
| Jan 2015 | 364 | 282 | 43.43 | 3.10 | $16,683 |
| Dec 2014 | 0 | 19 | 54.69 | 3.59 | $68 |
| Nov 2014 | 343 | 0 | 70.46 | 4.25 | $24,168 |
| Oct 2014 | 0 | 809 | 78.30 | 3.90 | $3,156 |
| Sep 2014 | 178 | 345 | 86.16 | 4.05 | $16,732 |
| Aug 2014 | 0 | 392 | 89.39 | 4.04 | $1,582 |
| Jul 2014 | 191 | 274 | 96.56 | 4.18 | $19,588 |
| Jun 2014 | 357 | 628 | 98.16 | 4.74 | $38,018 |
| May 2014 | 359 | 401 | 94.73 | 4.73 | $35,903 |
| Apr 2014 | 188 | 110 | 95.94 | 4.81 | $18,566 |
| Mar 2014 | 348 | 729 | 95.89 | 5.06 | $37,056 |
| Feb 2014 | 0 | 83 | 97.40 | 6.19 | $514 |
| Jan 2014 | 347 | 83 | 90.40 | 4.86 | $31,772 |
| Dec 2013 | 193 | 83 | 91.82 | 4.35 | $18,083 |
| Nov 2013 | 384 | 78 | 88.85 | 3.74 | $34,410 |
| Oct 2013 | 752 | 303 | 97.42 | 3.78 | $74,405 |
| Sep 2013 | 178 | 276 | 104.11 | 3.72 | $19,558 |
| Aug 2013 | 549 | 487 | 104.25 | 3.52 | $58,949 |
| Jul 2013 | 571 | 1,366 | 102.52 | 3.72 | $63,617 |
| Jun 2013 | 376 | 0 | 94.40 | 3.93 | $35,494 |
| May 2013 | 734 | 0 | 94.83 | 4.15 | $69,605 |
| Apr 2013 | 556 | 677 | 93.96 | 4.28 | $55,141 |
| Mar 2013 | 762 | 316 | 93.62 | 3.91 | $72,575 |
| Feb 2013 | 571 | 54 | 91.23 | 3.42 | $52,277 |
| Jan 2013 | 894 | 112 | 91.60 | 3.42 | $82,273 |
| Dec 2012 | 720 | 1,657 | 86.77 | 3.42 | $68,142 |
| Nov 2012 | 1,100 | 5,603 | 86.95 | 3.62 | $115,956 |
| Oct 2012 | 1,398 | 6,284 | 89.38 | 3.40 | $146,317 |
| Sep 2012 | 1,773 | 6,788 | 94.67 | 2.92 | $187,660 |
| Aug 2012 | 3,017 | 4,791 | 92.66 | 2.91 | $293,488 |
| Jul 2012 | 1,947 | 2,797 | 85.13 | 3.02 | $174,197 |
| Jun 2012 | 4,094 | 5,901 | 79.82 | 2.52 | $341,648 |
| May 2012 | 7,653 | 6,896 | 91.61 | 2.49 | $718,251 |
| Apr 2012 | 3,769 | 6,768 | 101.65 | 2.00 | $396,633 |
| Mar 2012 | 0 | 0 | 105.05 | 2.22 | $0 |
| Feb 2012 | 1,612 | 1,353 | 101.10 | 2.57 | $166,451 |
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.
Oil 47 bbl × $ 38.79 = $1,823 Casinghead gas 0 Mcf × $ 2.17 = $0 ──────────────────────────────────────────────────── Month total $1,823
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/25854 is the state's own key, not one this site invented.