CLOSS-RULAND UNIT

Operated by WILDFIRE ENERGY OPERATING LLC (P-5 923444) in the MADISONVILLE, W. (WOODBINE -A-) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26368District 03Field 56599500OilCasinghead gasSaveExport
Value, all time
$21.9 M
May 2013 – May 2026
Value, last 12 filed months
$1.7 M
at the published price for each month
Months reported
157
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 343 leases and 502 wells, and the rule below applies to all of them.

Discovered
1976-07-17
as the register files it
Field class
Oil
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 40 acres. The field rule took effect on 2012-12-11.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/2016.

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
OilDisposition303,901 bbl$21,573,358
Casinghead gasProduction88,612 Mcf$323,218
Total$21,896,576

Every month this lease reported (157)

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

157 months

May 20261,971311106.413.05$210,681
Apr 20261,96928698.932.87$195,614
Mar 20261,92625989.753.15$173,674
Feb 20261,78114863.503.75$113,649
Jan 20261,99210559.138.00$118,627
Dec 20251,97426456.664.41$113,012
Nov 20251,78634958.593.93$106,012
Oct 20251,95133459.383.30$116,954
Sep 20252,22021262.743.08$139,935
Aug 20252,13829863.933.01$137,581
Jul 20251,97829566.743.32$132,990
Jun 20251,96237966.483.13$131,620
May 20251,87540060.553.23$114,824
Apr 20252,12943562.363.54$134,306
Mar 20252,63143767.704.27$179,984
Feb 20251,90034370.884.34$136,161
Jan 20252,29850374.324.28$172,940
Dec 20242,24048068.993.12$156,036
Nov 20242,33536569.052.20$162,034
Oct 20241,89847871.372.28$136,551
Sep 20242,29244769.612.36$160,603
Aug 20243,01143275.632.06$228,613
Jul 20241,57649179.932.15$127,024
Jun 20242,47385078.082.63$195,331
May 20242,30062378.812.20$182,633
Apr 20241,95528084.451.66$165,564
Mar 20242,33755280.301.55$188,514
Feb 20242,30260476.091.78$176,237
Jan 20242,70552473.023.30$199,247
Dec 20232,17648971.262.61$156,338
Nov 20232,33348677.892.81$183,082
Oct 20232,33450985.443.09$200,988
Sep 202373212389.042.74$65,514
Aug 20237009580.522.67$56,618
Jul 20235325474.852.64$39,963
Jun 20235344968.962.26$36,935
May 20231,96632670.622.23$139,565
Apr 20237425278.122.24$58,081
Mar 20236995472.852.39$51,051
Feb 2023167975.112.47$12,566
Jan 202394945376.533.39$74,162
Dec 202254521776.415.73$42,887
Nov 20227169285.005.65$61,379
Oct 20221,0906887.185.86$95,425
Sep 202201384.888.16$106
Aug 20225717394.529.13$54,637
Jul 202253071101.587.54$54,373
Jun 202274186115.097.98$85,968
May 2022539145109.378.43$60,173
Apr 202270689104.226.84$74,188
Mar 2022536138108.885.08$59,060
Feb 202272615191.054.86$66,836
Jan 20227506781.844.54$61,684
Dec 202153411671.323.90$38,537
Nov 20213677577.435.24$28,810
Oct 20210079.795.71$0
Sep 202172819569.865.35$51,902
Aug 202192528466.024.22$62,267
Jul 202189230770.783.98$64,358
Jun 202171526269.493.38$50,571
May 20211,10529463.483.02$71,033
Apr 202173519560.362.76$44,902
Mar 20211,00429161.302.72$62,336
Feb 202190623857.805.55$53,687
Jan 202189925250.412.81$46,027
Dec 202087928544.642.68$40,001
Nov 202087930738.772.71$34,910
Oct 202090731736.972.48$34,317
Sep 202091530037.091.99$34,535
Aug 20201,06631039.982.39$43,358
Jul 20201,05732838.371.83$41,156
Jun 202089130034.901.69$31,603
May 202091032216.921.81$15,982
Apr 20201,07931314.751.80$16,480
Mar 202090124930.341.86$27,799
Feb 202090027049.881.98$45,427
Jan 20201,06331357.252.09$61,512
Dec 20191,07627259.012.30$64,122
Nov 201975027055.302.75$42,218
Oct 20191,31628953.472.42$71,065
Sep 201991429555.052.66$51,100
Aug 20191,08733653.112.30$58,505
Jul 20191,26533256.272.46$71,998
Jun 201990030752.782.49$48,267
May 20191,12233958.482.74$66,544
Apr 201991830462.632.75$58,331
Mar 20191,26333656.803.06$72,767
Feb 20199201,09050.852.79$49,826
Jan 20191,11434346.033.23$52,385
Dec 201854733146.594.19$26,870
Nov 201872236352.934.24$39,754
Oct 20181,09037561.443.40$68,244
Sep 20181,24535259.543.11$75,221
Aug 20181,26546359.403.07$76,561
Jul 20181,42639465.142.93$94,045
Jun 20181,08926160.183.08$66,339
May 20181,10134165.382.90$72,973
Apr 20181,21227163.842.90$78,160
Mar 20181,08128061.222.79$66,959
Feb 20181,46826661.782.77$91,429
Jan 20181,06632662.874.01$68,326
Dec 20171,27131757.272.92$73,716
Nov 20171,44442055.423.12$81,336
Oct 20171,06729349.292.98$53,467
Sep 20171,41540347.523.09$68,485
Aug 20171,25543645.373.00$58,249
Jul 20171,41543843.873.09$63,428
Jun 20171,20653542.493.09$52,895
May 20171,73358045.373.26$80,519
Apr 20171,81066547.933.21$88,889
Mar 201788328946.772.98$42,160
Feb 20171,41948550.452.95$73,021
Jan 20172,60929949.413.42$129,933
Dec 20161,79323348.763.72$88,294
Nov 201673042.492.64$3,102
Oct 20161,45912646.193.09$67,781
Sep 20161,81514341.553.10$75,857
Aug 20161,63015141.442.92$67,989
Jul 20161,80124541.622.92$75,674
Jun 20161,93643545.352.69$88,966
May 20161,99947142.521.99$85,935
Apr 20161,66125636.561.99$61,236
Mar 20162,17626933.011.79$72,312
Feb 20161,80025626.472.06$48,174
Jan 20162,18536627.352.36$60,625
Dec 20152,36832132.362.00$77,271
Nov 20152,04013838.792.17$79,431
Oct 20152,13215043.552.43$93,213
Sep 20151,82317142.992.76$78,842
Aug 20154,00389940.162.87$163,343
Jul 20154,92756848.152.95$238,908
Jun 20150056.152.88$0
May 20153,18658855.212.96$177,637
Apr 20152,57161649.822.71$129,754
Mar 20153,32373542.892.93$144,680
Feb 20152,97065044.662.98$134,575
Jan 20153,20487443.433.10$141,860
Dec 20143,3311,09454.693.59$186,101
Nov 20143,2541,13670.464.25$234,107
Oct 20143,4423,47278.303.90$283,053
Sep 20143,0782,79786.164.05$276,516
Aug 20143,4622,52889.394.04$319,669
Jul 20143,8203,64196.564.18$384,077
Jun 20143,7073,86898.164.74$382,201
May 20144,3923,76894.734.73$433,864
Apr 20143,9202,56295.944.81$388,406
Mar 20144,9003,09895.895.06$485,527
Feb 20144,6781,40097.406.19$464,306
Jan 20145,3201,32690.404.86$487,373
Dec 20136,0541,16191.824.35$560,934
Nov 20135,36176388.853.74$479,177
Oct 20136,0041,42097.423.78$590,276
Sep 20137,8111,908104.113.72$820,297
Aug 20137,0761,980104.253.52$744,648
Jul 201310,6532,779102.523.72$1,102,477
Jun 201311,7473,12694.403.93$1,121,213
May 20132,05691294.834.15$198,754

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.

May 2026 — as filed, then multipliedworked
Oil                1,971 bbl  × $106.41 =   $209,734
Casinghead gas       311 Mcf  × $  3.05 =       $947

────────────────────────────────────────────────────
Month total                                 $210,681

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/26368 is the state's own key, not one this site invented.