GRINSTEAD

Operated by MAXIMUS OPERATING, LTD. (P-5 534465) 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 25951District 03Field 32157071OilCasinghead gasSaveExport
Value, all time
$2.8 M
Jun 2011 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
180
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
OilDisposition33,209 bbl$2,529,378
Casinghead gasProduction85,593 Mcf$309,822
Total$2,839,200

Every month this lease reported (180)

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

180 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 202409769.612.36$229
Aug 2024011175.632.06$229
Jul 20240079.932.15$0
Jun 202404978.082.63$129
May 2024016378.812.20$358
Apr 20240084.451.66$0
Mar 2024011880.301.55$182
Feb 2024011676.091.78$207
Jan 20240073.023.30$0
Dec 202304071.262.61$104
Nov 2023012277.892.81$343
Oct 202305585.443.09$170
Sep 202307589.042.74$205
Aug 202302680.522.67$69
Jul 202305274.852.64$137
Jun 202306968.962.26$156
May 2023010870.622.23$241
Apr 20231809778.122.24$14,279
Mar 202304772.852.39$112
Feb 2023011775.112.47$288
Jan 202305576.533.39$186
Dec 2022012376.415.73$705
Nov 2022010085.005.65$565
Oct 202207287.185.86$422
Sep 202208384.888.16$678
Aug 202201194.529.13$100
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202203109.378.43$25
Apr 202200104.226.84$0
Mar 20221690108.885.08$18,401
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 202118511766.024.22$12,708
Jul 20210270.783.98$8
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210460.362.76$11
Mar 2021183461.302.72$11,229
Feb 202101957.805.55$105
Jan 202103450.412.81$96
Dec 202017120444.642.68$8,179
Nov 202001138.772.71$30
Oct 20201845936.972.48$6,949
Sep 2020181037.091.99$6,713
Aug 202008339.982.39$198
Jul 2020010538.371.83$192
Jun 202008834.901.69$149
May 2020017716.921.81$321
Apr 2020172414.751.80$2,544
Mar 20200030.341.86$0
Feb 2020182049.881.98$9,078
Jan 2020181057.252.09$10,362
Dec 2019176059.012.30$10,386
Nov 2019182055.302.75$10,065
Oct 2019178053.472.42$9,518
Sep 20190055.052.66$0
Aug 2019363053.112.30$19,279
Jul 2019172056.272.46$9,678
Jun 2019172052.782.49$9,078
May 20191791658.482.74$10,512
Apr 20191811862.632.75$11,386
Mar 20191741256.803.06$9,920
Feb 2019179050.852.79$9,102
Jan 201937027846.033.23$17,929
Dec 201835122046.594.19$17,274
Nov 201836024352.934.24$20,084
Oct 201836521061.443.40$23,139
Sep 201817026859.543.11$10,955
Aug 201817616259.403.07$10,951
Jul 20181802765.142.93$11,804
Jun 2018167060.183.08$10,050
May 20180065.382.90$0
Apr 2018172063.842.90$10,980
Mar 2018179061.222.79$10,958
Feb 20180061.782.77$0
Jan 20181862962.874.01$11,810
Dec 20170057.272.92$0
Nov 2017177055.423.12$9,809
Oct 201702349.292.98$69
Sep 2017182347.523.09$8,658
Aug 2017176045.373.00$7,985
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 2017179045.373.26$8,121
Apr 201707247.933.21$231
Mar 2017187346.772.98$8,755
Feb 20170050.452.95$0
Jan 2017184049.413.42$9,091
Dec 201606648.763.72$246
Nov 201609742.492.64$257
Oct 201603746.193.09$114
Sep 20161774241.553.10$7,485
Aug 20161723441.442.92$7,227
Jul 20161895141.622.92$8,015
Jun 201603645.352.69$97
May 20161891642.521.99$8,068
Apr 201606236.561.99$123
Mar 2016011833.011.79$212
Feb 2016182026.472.06$4,818
Jan 201638125227.352.36$11,016
Dec 20150132.362.00$2
Nov 201535823938.792.17$14,405
Oct 201536920343.552.43$16,563
Sep 2015356042.992.76$15,304
Aug 2015177040.162.87$7,108
Jul 201517521448.152.95$9,057
Jun 2015177056.152.88$9,939
May 2015177055.212.96$9,772
Apr 201550227749.822.71$25,759
Mar 20151791942.892.93$7,733
Feb 201554833844.662.98$25,480
Jan 201536940043.433.10$17,266
Dec 2014375054.693.59$20,509
Nov 20143651,05870.464.25$30,216
Oct 201417847178.303.90$15,775
Sep 20143541,83486.164.05$37,920
Aug 20147092,96989.394.04$75,358
Jul 20143531,13296.564.18$38,817
Jun 201418554798.164.74$20,751
May 20141,0583,33094.734.73$115,964
Apr 201437012795.944.81$36,109
Mar 201418550995.895.06$20,314
Feb 201433417997.406.19$33,640
Jan 201418817190.404.86$17,826
Dec 201334531291.824.35$33,037
Nov 201336847588.853.74$34,472
Oct 20133621,03297.423.78$39,166
Sep 2013372983104.113.72$42,383
Aug 2013339698104.253.52$37,800
Jul 2013530651102.523.72$56,756
Jun 20135452,16494.403.93$59,960
May 20135381,78494.834.15$58,421
Apr 20133433,91293.964.28$48,982
Mar 20137172,39293.623.91$76,485
Feb 20131802,16691.233.42$23,829
Jan 20133511,26591.603.42$36,478
Dec 201232463186.773.42$30,272
Nov 201236958386.953.62$34,198
Oct 20123561,02289.383.40$35,294
Sep 20121801,07694.672.92$20,181
Aug 20123543,72392.662.91$43,629
Jul 20121731,84585.133.02$20,301
Jun 20125342,91779.822.52$49,972
May 20123621,75091.612.49$37,517
Apr 20125412,042101.652.00$59,070
Mar 20125432,143105.052.22$61,804
Feb 2012183510101.102.57$19,812
Jan 201234739898.092.73$35,125
Dec 20110396.873.24$10
Nov 20117151,91695.723.31$74,784
Oct 201190211,05584.983.65$116,987
Sep 20111,4289,73883.623.99$158,223
Aug 20111,0506,03883.404.15$112,624
Jul 20111,2271,13694.144.52$120,641
Jun 20111,795092.904.64$166,756

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.

Sep 2024 — as filed, then multipliedworked
Oil                    0 bbl  × $ 69.61 =         $0
Casinghead gas        97 Mcf  × $  2.36 =       $229

────────────────────────────────────────────────────
Month total                                     $229

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/25951 is the state's own key, not one this site invented.