STATE TRACT 840-S

Name: STATE TRACT 840-S lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FORCENERGY INC (P-5 275661) in the CLEAR, SOUTH (FRIO 9200) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 127927District 04Field 18811315CondensateGasSave Export

Value, all time

$4.1 M

Jan 1993 – Feb 2000

Value, last 12 filed months

$261 k

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The CLEAR, SOUTH (FRIO 9200) field

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

Discovered

1988-04-22

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA EFFECTIVE 06/01/90.”

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
Condensate	Disposition	50,788 bbl	$814,859
Gas	Production	4,145,173 Mcf	$3,281,981
Total			$4,096,840

2,734,067 Mcf of this lease's gas, across 47 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Every month this lease reported (86)

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

86 months


Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	295	0	23.19	2.43	$6,841
Oct 1999	96	0	20.98	2.80	$2,014
Sep 1999	114	0	21.75	2.62	$2,480
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	464	111	17.89	2.37	$8,564
Jun 1999	748	1,345	15.94	2.36	$15,100
May 1999	700	21,648	15.79	2.32	$61,298
Apr 1999	0	39,822	15.10	2.21	$87,929
Mar 1999	672	36,960	12.47	1.84	$76,325
Feb 1999	2,457	37,380	9.98	1.82	$92,470
Jan 1999	2,640	38,572	10.38	1.90	$100,688
Dec 1998	632	43,535	9.20	1.77	$83,016
Nov 1998	0	38,450	10.89	2.19	$84,041
Oct 1998	414	40,751	12.42	1.97	$85,389
Sep 1998	363	35,514	12.59	2.08	$78,532
Aug 1998	634	45,539	11.30	1.91	$94,023
Jul 1998	0	45,552	11.74	2.24	$101,912
Jun 1998	238	47,492	11.24	2.24	$108,928
May 1998	342	58,275	12.62	2.21	$132,891
Apr 1998	457	53,144	13.04	2.51	$139,103
Mar 1998	654	61,747	12.80	2.31	$150,972
Feb 1998	641	51,550	13.95	2.30	$127,462
Jan 1998	529	46,145	14.70	2.15	$107,209
Dec 1997	1,277	53,704	16.32	2.41	$150,326
Nov 1997	346	50,627	18.19	3.09	$162,643
Oct 1997	800	56,409	19.25	3.15	$193,078
Sep 1997	561	55,877	17.74	2.95	$175,062
Aug 1997	597	28,937	17.86	2.55	$84,589
Jul 1997	723	77,164	17.58	2.25	$186,093
Jun 1997	808	47,307	17.24	2.26	$120,711
May 1997	584	57,058	18.97	2.31	$142,797
Apr 1997	753	61,686	17.88	2.08	$141,942
Mar 1997	727	66,070	18.95	1.94	$141,896
Feb 1997	851	53,709	20.49	2.21	$135,914
Jan 1997	812	59,026	23.48	3.54	$228,000
Dec 1996	632	50,969	23.32	—	$14,738
Nov 1996	425	44,084	21.97	—	$9,337
Oct 1996	393	41,627	23.31	—	$9,161
Sep 1996	679	45,446	22.22	—	$15,087
Aug 1996	494	57,059	20.26	—	$10,008
Jul 1996	618	56,334	19.55	—	$12,082
Jun 1996	524	50,100	18.73	—	$9,815
May 1996	601	50,912	19.43	—	$11,677
Apr 1996	667	50,004	21.51	—	$14,347
Mar 1996	739	56,456	19.38	—	$14,322
Feb 1996	1,044	50,242	16.98	—	$17,727
Jan 1996	747	62,941	17.07	—	$12,751
Dec 1995	895	64,506	17.19	—	$15,385
Nov 1995	1,438	59,030	16.00	—	$23,008
Oct 1995	308	63,298	15.43	—	$4,752
Sep 1995	437	62,451	16.18	—	$7,071
Aug 1995	436	58,879	15.92	—	$6,941
Jul 1995	337	66,126	15.24	—	$5,136
Jun 1995	445	61,659	16.41	—	$7,302
May 1995	338	75,815	17.56	—	$5,935
Apr 1995	55	19,471	17.73	—	$975
Mar 1995	0	0	16.44	—	$0
Feb 1995	193	1,922	16.58	—	$3,200
Jan 1995	286	48,228	15.92	—	$4,553
Dec 1994	548	71,456	15.03	—	$8,236
Nov 1994	737	69,080	15.90	—	$11,718
Oct 1994	403	70,894	15.58	—	$6,279
Sep 1994	643	68,533	15.29	—	$9,831
Aug 1994	1,323	71,824	16.13	—	$21,340
Jul 1994	613	69,524	17.56	—	$10,764
Jun 1994	823	72,712	17.09	—	$14,065
May 1994	1,004	74,895	15.88	—	$15,944
Apr 1994	427	61,399	14.14	—	$6,038
Mar 1994	764	59,982	12.46	—	$9,519
Feb 1994	555	46,252	12.50	—	$6,938
Jan 1994	845	68,977	12.66	—	$10,698
Dec 1993	656	61,381	12.33	—	$8,088
Nov 1993	727	64,453	14.49	—	$10,534
Oct 1993	598	60,841	15.85	—	$9,478
Sep 1993	651	64,421	15.03	—	$9,785
Aug 1993	523	61,350	15.66	—	$8,190
Jul 1993	683	64,574	15.46	—	$10,559
Jun 1993	491	54,753	16.79	—	$8,244
May 1993	625	53,450	17.68	—	$11,050
Apr 1993	616	54,903	18.05	—	$11,119
Mar 1993	631	59,608	18.14	—	$11,446
Feb 1993	411	57,454	17.90	—	$7,357
Jan 1993	831	73,792	16.93	—	$14,069

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.

Nov 1999 — as filed, then multipliedworked

Condensate           295 bbl  × $ 23.19 =     $6,841
Gas                    0 Mcf  × $  2.43 =         $0

────────────────────────────────────────────────────
Month total                                   $6,841

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. 04/G/127927 is the state's own key, not one this site invented.