STATE LEASE 904 GAS UNIT

Name: STATE LEASE 904 GAS UNIT lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by STERLING ENERGY, INC. (P-5 819004) in the G.O.M. ST-904 (FRIO 1-A) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 132417District 04Field 33533500CondensateGasSave

Value, all time

$8.4 M

Jan 1993 – Jul 2006

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

163

no gaps in the span

Streams

condensate, gas

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	157,188 bbl	$3,161,642
Gas	Production	2,389,773 Mcf	$5,280,750
Total			$8,442,392

940,526 Mcf of this lease's gas, across 48 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 (163)

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

163 months


Jul 2006	14	0	69.37	6.34	$971
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	12	0	54.94	13.42	$659
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	97	58.34	13.80	$1,338
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	8	62	61.51	9.80	$1,099
Jul 2005	779	2,269	55.69	7.84	$61,180
Jun 2005	142	3,506	52.33	7.38	$33,309
May 2005	155	3,474	45.22	6.65	$30,115
Apr 2005	190	3,625	49.20	7.36	$36,030
Mar 2005	233	3,560	50.37	7.15	$37,208
Feb 2005	298	3,351	45.22	6.31	$34,627
Jan 2005	322	3,034	43.16	6.32	$33,079
Dec 2004	320	3,335	39.86	6.75	$35,270
Nov 2004	293	4,593	45.28	6.33	$42,343
Oct 2004	302	4,359	49.70	6.52	$43,409
Sep 2004	291	4,153	43.24	5.28	$34,527
Aug 2004	377	5,325	42.37	5.55	$45,531
Jul 2004	385	7,953	38.28	6.08	$63,125
Jun 2004	446	5,695	36.10	6.43	$52,737
May 2004	482	6,089	37.48	6.49	$57,611
Apr 2004	505	7,794	34.47	5.86	$63,068
Mar 2004	554	10,384	34.36	5.53	$76,460
Feb 2004	531	9,655	32.45	5.51	$70,426
Jan 2004	515	8,797	32.03	6.30	$71,913
Dec 2003	416	6,321	30.26	6.30	$52,421
Nov 2003	580	7,884	28.80	4.60	$52,932
Oct 2003	601	7,326	28.17	4.76	$51,799
Sep 2003	605	9,359	26.31	4.75	$60,367
Aug 2003	372	10,942	29.76	5.13	$67,200
Jul 2003	419	13,149	29.41	5.17	$80,314
Jun 2003	963	16,445	28.56	5.98	$125,893
May 2003	659	11,075	26.59	5.97	$83,670
Apr 2003	46	13,365	26.67	5.41	$73,495
Mar 2003	459	18,389	31.14	6.10	$126,393
Feb 2003	280	18,226	33.48	7.93	$153,831
Jan 2003	308	18,164	30.31	5.58	$110,728
Dec 2002	151	9,080	26.91	4.85	$48,136
Nov 2002	247	11,134	24.66	4.14	$52,152
Oct 2002	180	9,192	26.46	4.23	$43,637
Sep 2002	18	809	27.44	3.64	$3,435
Aug 2002	495	15,339	25.96	3.16	$61,385
Jul 2002	860	19,897	24.58	3.06	$82,059
Jun 2002	921	12,522	23.73	3.34	$63,657
May 2002	1,108	17,063	24.66	3.58	$88,477
Apr 2002	1,015	10,826	23.65	3.51	$62,029
Mar 2002	1,085	14,449	22.00	3.10	$68,701
Feb 2002	865	12,261	18.22	2.38	$44,889
Jan 2002	814	14,812	17.17	2.38	$49,165
Dec 2001	1,127	28,550	16.93	2.36	$86,584
Nov 2001	1,181	11,754	18.07	2.41	$49,615
Oct 2001	1,170	20,530	19.78	2.53	$75,061
Sep 2001	19	1,868	24.26	2.25	$4,666
Aug 2001	1,611	18,278	24.87	3.05	$95,871
Jul 2001	1,454	20,743	23.93	3.20	$101,111
Jun 2001	710	10,113	24.56	3.82	$56,111
May 2001	1,261	20,386	25.52	4.31	$119,990
Apr 2001	1,142	19,000	24.68	5.34	$129,556
Mar 2001	1,331	19,474	24.54	5.38	$137,364
Feb 2001	1,352	15,609	27.75	5.77	$127,536
Jan 2001	1,171	18,649	27.47	8.40	$188,796
Dec 2000	1,186	18,079	26.88	9.12	$196,805
Nov 2000	1,442	19,441	32.21	5.66	$156,444
Oct 2000	1,185	18,758	31.23	5.15	$133,527
Sep 2000	1,223	19,441	31.87	5.19	$139,808
Aug 2000	1,255	14,195	29.64	4.54	$101,654
Jul 2000	866	12,163	28.53	4.09	$74,451
Jun 2000	1,353	17,307	29.30	4.40	$115,746
May 2000	1,210	19,993	27.26	3.68	$106,554
Apr 2000	1,210	18,546	24.51	3.12	$87,446
Mar 2000	1,214	20,369	28.42	2.86	$92,752
Feb 2000	1,273	20,332	27.62	2.73	$90,595
Jan 2000	1,133	17,759	25.27	2.48	$72,682
Dec 1999	1,417	19,344	24.28	2.42	$81,289
Nov 1999	1,329	18,906	23.19	2.43	$76,837
Oct 1999	1,364	19,263	20.98	2.80	$82,625
Sep 1999	1,275	19,322	21.75	2.62	$78,333
Aug 1999	1,318	20,283	19.26	2.88	$83,710
Jul 1999	601	7,953	17.89	2.37	$29,619
Jun 1999	629	9,939	15.94	2.36	$33,503
May 1999	1,386	18,300	15.79	2.32	$64,360
Apr 1999	1,430	19,778	15.10	2.21	$65,264
Mar 1999	1,324	21,535	12.47	1.84	$56,099
Feb 1999	1,025	13,744	9.98	1.82	$35,213
Jan 1999	1,155	17,586	10.38	1.90	$45,401
Dec 1998	1,364	16,884	9.20	1.77	$42,490
Nov 1998	1,260	18,892	10.89	2.19	$55,014
Oct 1998	1,314	18,612	12.42	1.97	$52,971
Sep 1998	1,212	16,655	12.59	2.08	$49,945
Aug 1998	1,303	17,628	11.30	1.91	$48,347
Jul 1998	1,226	19,367	11.74	2.24	$57,722
Jun 1998	1,267	17,872	11.24	2.24	$54,226
May 1998	1,298	18,855	12.62	2.21	$57,981
Apr 1998	1,258	17,476	13.04	2.51	$60,187
Mar 1998	1,300	19,525	12.80	2.31	$61,732
Feb 1998	1,124	17,087	13.95	2.30	$54,965
Jan 1998	1,294	16,709	14.70	2.15	$55,026
Dec 1997	1,362	18,262	16.32	2.41	$66,259
Nov 1997	1,118	18,185	18.19	3.09	$76,496
Oct 1997	1,128	16,829	19.25	3.15	$74,722
Sep 1997	1,365	19,207	17.74	2.95	$80,969
Aug 1997	1,077	19,362	17.86	2.55	$68,700
Jul 1997	1,274	17,693	17.58	2.25	$62,152
Jun 1997	1,337	16,175	17.24	2.26	$59,560
May 1997	1,304	15,876	18.97	2.31	$61,387
Apr 1997	1,144	14,816	17.88	2.08	$51,313
Mar 1997	1,368	16,668	18.95	1.94	$58,245
Feb 1997	1,243	17,243	20.49	2.21	$63,505
Jan 1997	1,144	16,940	23.48	3.54	$86,824
Dec 1996	1,301	19,410	23.32	—	$30,339
Nov 1996	1,243	18,347	21.97	—	$27,309
Oct 1996	886	14,462	23.31	—	$20,653
Sep 1996	958	12,281	22.22	—	$21,287
Aug 1996	912	13,846	20.26	—	$18,477
Jul 1996	1,332	15,963	19.55	—	$26,041
Jun 1996	1,320	15,727	18.73	—	$24,724
May 1996	1,267	14,003	19.43	—	$24,618
Apr 1996	764	16,763	21.51	—	$16,434
Mar 1996	881	18,079	19.38	—	$17,074
Feb 1996	492	15,295	16.98	—	$8,354
Jan 1996	1,188	18,576	17.07	—	$20,279
Dec 1995	1,303	19,435	17.19	—	$22,399
Nov 1995	1,326	21,123	16.00	—	$21,216
Oct 1995	1,614	22,505	15.43	—	$24,904
Sep 1995	1,419	21,503	16.18	—	$22,959
Aug 1995	1,528	20,663	15.92	—	$24,326
Jul 1995	1,459	22,130	15.24	—	$22,235
Jun 1995	1,251	22,788	16.41	—	$20,529
May 1995	1,502	22,394	17.56	—	$26,375
Apr 1995	1,367	22,315	17.73	—	$24,237
Mar 1995	1,301	15,104	16.44	—	$21,388
Feb 1995	888	18,459	16.58	—	$14,723
Jan 1995	656	23,720	15.92	—	$10,444
Dec 1994	1,650	27,143	15.03	—	$24,800
Nov 1994	1,399	25,813	15.90	—	$22,244
Oct 1994	1,389	22,615	15.58	—	$21,641
Sep 1994	1,693	23,081	15.29	—	$25,886
Aug 1994	1,488	21,246	16.13	—	$24,001
Jul 1994	1,440	22,369	17.56	—	$25,286
Jun 1994	1,846	24,532	17.09	—	$31,548
May 1994	542	10,562	15.88	—	$8,607
Apr 1994	1,106	14,280	14.14	—	$15,639
Mar 1994	1,457	23,720	12.46	—	$18,154
Feb 1994	1,331	19,342	12.50	—	$16,638
Jan 1994	1,479	21,920	12.66	—	$18,724
Dec 1993	1,575	22,669	12.33	—	$19,420
Nov 1993	1,645	21,648	14.49	—	$23,836
Oct 1993	1,312	14,267	15.85	—	$20,795
Sep 1993	1,457	19,108	15.03	—	$21,899
Aug 1993	1,588	20,437	15.66	—	$24,868
Jul 1993	1,498	20,246	15.46	—	$23,159
Jun 1993	1,834	25,605	16.79	—	$30,793
May 1993	1,787	21,265	17.68	—	$31,594
Apr 1993	1,607	20,896	18.05	—	$29,006
Mar 1993	1,678	20,181	18.14	—	$30,439
Feb 1993	1,581	17,470	17.90	—	$28,300
Jan 1993	1,611	15,220	16.93	—	$27,274

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.

Jul 2006 — as filed, then multipliedworked

Condensate            14 bbl  × $ 69.37 =       $971
Gas                    0 Mcf  × $  6.34 =         $0

────────────────────────────────────────────────────
Month total                                     $971

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/132417 is the state's own key, not one this site invented.