ST TR 748-L GAS UNIT
Operated by STERLING ENERGY, INC. (P-5 819004) in the MSTG ISL BLK 748-L (MARG TEX 1) 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 |
|---|---|---|---|
| Gas | Production | 5,549,259 Mcf | $19,972,524 |
| Total | $19,972,524 | ||
Every month this lease reported (45)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
45 months
| Feb 2005 | 0 | 45.22 | 6.31 | $0 |
| Jan 2005 | 0 | 43.16 | 6.32 | $0 |
| Dec 2004 | 0 | 39.86 | 6.75 | $0 |
| Nov 2004 | 0 | 45.28 | 6.33 | $0 |
| Oct 2004 | 0 | 49.70 | 6.52 | $0 |
| Sep 2004 | 0 | 43.24 | 5.28 | $0 |
| Aug 2004 | 0 | 42.37 | 5.55 | $0 |
| Jul 2004 | 0 | 38.28 | 6.08 | $0 |
| Jun 2004 | 0 | 36.10 | 6.43 | $0 |
| May 2004 | 0 | 37.48 | 6.49 | $0 |
| Apr 2004 | 0 | 34.47 | 5.86 | $0 |
| Mar 2004 | 0 | 34.36 | 5.53 | $0 |
| Feb 2004 | 0 | 32.45 | 5.51 | $0 |
| Jan 2004 | 0 | 32.03 | 6.30 | $0 |
| Dec 2003 | 0 | 30.26 | 6.30 | $0 |
| Nov 2003 | 8,917 | 28.80 | 4.60 | $40,975 |
| Oct 2003 | 59,960 | 28.17 | 4.76 | $285,388 |
| Sep 2003 | 56,577 | 26.31 | 4.75 | $268,705 |
| Aug 2003 | 62,323 | 29.76 | 5.13 | $319,700 |
| Jul 2003 | 60,526 | 29.41 | 5.17 | $312,970 |
| Jun 2003 | 74,614 | 28.56 | 5.98 | $446,413 |
| May 2003 | 105,218 | 26.59 | 5.97 | $628,433 |
| Apr 2003 | 122,898 | 26.67 | 5.41 | $664,544 |
| Mar 2003 | 165,041 | 31.14 | 6.10 | $1,006,097 |
| Feb 2003 | 148,957 | 33.48 | 7.93 | $1,180,615 |
| Jan 2003 | 145,957 | 30.31 | 5.58 | $814,738 |
| Dec 2002 | 138,963 | 26.91 | 4.85 | $674,493 |
| Nov 2002 | 172,345 | 24.66 | 4.14 | $712,984 |
| Oct 2002 | 196,327 | 26.46 | 4.23 | $830,290 |
| Sep 2002 | 184,947 | 27.44 | 3.64 | $672,319 |
| Aug 2002 | 214,817 | 25.96 | 3.16 | $679,715 |
| Jul 2002 | 240,122 | 24.58 | 3.06 | $735,196 |
| Jun 2002 | 237,650 | 23.73 | 3.34 | $793,333 |
| May 2002 | 264,971 | 24.66 | 3.58 | $949,656 |
| Apr 2002 | 246,862 | 23.65 | 3.51 | $867,058 |
| Mar 2002 | 290,128 | 22.00 | 3.10 | $900,186 |
| Feb 2002 | 202,579 | 18.22 | 2.38 | $481,263 |
| Jan 2002 | 265,241 | 17.17 | 2.38 | $630,128 |
| Dec 2001 | 292,840 | 16.93 | 2.36 | $692,391 |
| Nov 2001 | 320,141 | 18.07 | 2.41 | $770,106 |
| Oct 2001 | 297,778 | 19.78 | 2.53 | $753,045 |
| Sep 2001 | 259,097 | 24.26 | 2.25 | $583,310 |
| Aug 2001 | 306,699 | 24.87 | 3.05 | $936,401 |
| Jul 2001 | 340,400 | 23.93 | 3.20 | $1,088,286 |
| Jun 2001 | 66,364 | 24.56 | 3.82 | $253,787 |
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.
Gas 8,917 Mcf × $ 4.60 = $40,975 ──────────────────────────────────────────────────── Month total $40,975
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/184745 is the state's own key, not one this site invented.