STATE LEASE 081980

Operated by TEXAS OFFSHORE OPERATIONS, LLC (P-5 846692) in the MSTG ISL 748-L (U. MIDDLE FRIO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 187564District 04Field 64126390CondensateGasSaveExport
Value, all time
$14.8 M
Nov 2001 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
295
no gaps in the span
Streams
2
condensate, 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 other leases, and the rule below applies to all of them.

Discovered
2001-11-20
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2002-02-21.

The Commission's schedule remark for this field reads: CONSIST OF 5% PER WELL AND 95% DELIVERABILITY.

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
CondensateDisposition2,183 bbl$110,666
GasProduction2,593,137 Mcf$14,697,155
Total$14,807,821

Every month this lease reported (295)

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

295 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 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
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 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 2016243746.193.09$1,443
Sep 201694,87141.553.10$15,477
Aug 201655,10541.442.92$15,136
Jul 201686,65941.622.92$19,806
Jun 201685,18245.352.69$14,281
May 201654,92142.521.99$10,011
Apr 201657,07836.561.99$14,275
Mar 201634,51233.011.79$8,194
Feb 201635,89626.472.06$12,247
Jan 201655,23327.352.36$12,509
Dec 201555,35632.362.00$10,881
Nov 201555,19838.792.17$11,460
Oct 201566,47143.552.43$15,964
Sep 201555,83942.992.76$16,321
Aug 201585,37140.162.87$15,749
Jul 201587,35048.152.95$22,032
Jun 2015246,59056.152.88$20,346
May 2015407,54155.212.96$24,495
Apr 2015176,60349.822.71$18,718
Mar 201597,35542.892.93$21,971
Feb 201572,11844.662.98$6,616
Jan 201564,01543.433.10$12,710
Dec 20141054.693.59$55
Nov 201414,03370.464.25$17,218
Oct 2014115578.303.90$683
Sep 20143086.164.05$258
Aug 20143089.394.04$268
Jul 20143096.564.18$290
Jun 20144098.164.74$393
May 201443,86394.734.73$18,638
Apr 2014573395.944.81$4,005
Mar 2014084895.895.06$4,288
Feb 201452,06397.406.19$13,261
Jan 201481,80190.404.86$9,477
Dec 2013102,86991.824.35$13,411
Nov 201383,73288.853.74$14,662
Oct 201373,06297.423.78$12,254
Sep 2013123,506104.113.72$14,284
Aug 2013182,752104.253.52$11,571
Jul 201392,905102.523.72$11,723
Jun 201322,96194.403.93$11,836
May 201392,17494.834.15$9,874
Apr 201372,48093.964.28$11,279
Mar 201373,42593.623.91$14,057
Feb 2013856191.233.42$2,648
Jan 201371,82591.603.42$6,883
Dec 201232,19086.773.42$7,750
Nov 20126786.953.62$547
Oct 201271,80289.383.40$6,752
Sep 201261,94494.672.92$6,241
Aug 201273,83092.662.91$11,787
Jul 201283,65185.133.02$11,710
Jun 201244,23679.822.52$10,990
May 201234,92291.612.49$12,522
Apr 201254,445101.652.00$9,384
Mar 201235,133105.052.22$11,721
Feb 201254,840101.102.57$12,945
Jan 201265,54498.092.73$15,746
Dec 2011173296.873.24$2,468
Nov 201132,83295.723.31$9,665
Oct 201144,05084.983.65$15,117
Sep 201156,15883.623.99$24,963
Aug 201154,84483.404.15$20,516
Jul 201176,05494.144.52$28,006
Jun 201176,00292.904.64$28,499
May 201156,16098.134.40$27,624
Apr 201116,904105.964.33$30,023
Mar 201167,03396.364.06$29,113
Feb 201142,09285.644.18$9,087
Jan 201187,03586.504.59$32,974
Dec 201058,82585.734.35$38,798
Nov 201039,95880.843.80$38,036
Oct 20100078.103.51$0
Sep 201022,44372.633.98$9,867
Aug 201057,55273.684.42$33,743
Jul 201057,74872.554.74$37,061
Jun 201056,06770.364.91$30,143
May 201077,06171.124.24$30,403
Apr 201057,88781.694.12$32,924
Mar 201057,32878.394.39$32,552
Feb 201054,19373.585.44$23,188
Jan 2010107,12374.365.96$43,226
Dec 200968,13271.445.48$45,023
Nov 200968,30374.593.75$31,596
Oct 200958,08472.544.11$33,590
Sep 200957,70965.543.06$23,954
Aug 200957,66667.423.22$25,010
Jul 200967,42361.133.46$26,084
Jun 200957,75466.163.90$30,533
May 200948,45754.743.93$33,419
Apr 200968,75946.773.59$31,704
Mar 200938,42842.144.06$34,336
Feb 200937,57332.814.63$35,184
Jan 200938,99435.865.37$48,414
Dec 200838,89837.105.98$53,296
Nov 200839,35655.496.86$64,352
Oct 2008510,40375.246.92$72,386
Sep 200858,521101.767.88$67,629
Aug 200849,778114.228.48$83,404
Jul 2008610,130131.0811.39$116,161
Jun 2008010,719131.3313.03$139,697
May 2008011,699123.1711.57$135,408
Apr 2008011,487110.3110.45$120,095
Mar 2008312,450101.909.66$120,623
Feb 200839,65692.538.77$84,966
Jan 20081312,80990.388.21$106,282
Dec 2007013,02088.337.30$95,072
Nov 2007013,12591.677.29$95,704
Oct 2007912,68682.856.92$88,558
Sep 2007012,58775.846.24$78,595
Aug 2007414,35369.066.39$91,962
Jul 2007613,41370.906.39$86,107
Jun 2007713,38562.007.55$101,470
May 2007615,15258.747.85$119,239
Apr 2007616,55459.617.81$129,565
Mar 2007513,59956.927.30$99,584
Feb 2007514,33055.108.22$118,011
Jan 2007916,01450.306.73$108,176
Dec 2006516,91856.656.92$117,329
Nov 20062115,72554.207.62$120,923
Oct 2006014,02054.906.01$84,313
Sep 200604,67060.085.04$23,524
Aug 2006317,97868.717.34$132,163
Jul 2006316,35569.376.34$103,944
Jun 2006816,94166.286.38$108,680
May 20067016,04166.016.42$107,684
Apr 20068415,33564.397.36$118,282
Mar 20065516,61456.707.08$120,794
Feb 2006214,71257.597.75$114,150
Jan 2006619,77560.598.93$177,020
Dec 2005714,05754.9413.42$188,965
Nov 20052415,76454.6910.59$168,228
Oct 20055917,35958.3413.80$242,923
Sep 2005012,79061.4512.08$154,490
Aug 2005021,11861.519.80$206,890
Jul 20053221,70555.697.84$172,028
Jun 2005021,70552.337.38$160,205
May 2005420,20645.226.65$134,574
Apr 20051422,36249.207.36$165,284
Mar 20057723,95450.377.15$175,266
Feb 20057721,91545.226.31$141,808
Jan 20056622,97543.166.32$148,101
Dec 20046522,54039.866.75$154,760
Nov 2004826,45345.286.33$167,821
Oct 20042728,23149.706.52$185,270
Sep 20042129,15443.245.28$154,955
Aug 20042230,17642.375.55$168,429
Jul 20042130,37238.286.08$185,593
Jun 20041430,24636.106.43$195,079
May 20041634,61537.486.49$225,410
Apr 20042134,85234.475.86$204,903
Mar 20042038,43634.365.53$213,244
Feb 20041335,39632.455.51$195,440
Jan 20042442,31732.036.30$267,351
Dec 20032146,48730.266.30$293,580
Nov 20031445,93928.804.60$211,500
Oct 20031543,45128.174.76$207,234
Sep 20034251,15426.314.75$244,054
Aug 20039355,04529.765.13$285,133
Jul 20031848,03929.415.17$248,931
Jun 20032160,14528.565.98$360,445
May 20033356,21826.595.97$336,650
Apr 20034457,87326.675.41$314,109
Mar 20034769,36831.146.10$424,334
Feb 20032837,59533.487.93$298,911
Jan 20033053,40730.315.58$299,029
Dec 20022645,18926.914.85$220,036
Nov 20021543,19924.664.14$179,082
Oct 20022556,65926.464.23$240,279
Sep 20022154,30727.443.64$197,993
Aug 20021751,01025.963.16$161,845
Jul 20021738,78424.583.06$119,165
Jun 20021925,71623.733.34$86,297
May 2002524,09624.663.58$86,483
Apr 2002820,97223.653.51$73,850
Mar 20024130,58922.003.10$95,811
Feb 2002918,32818.222.38$43,705
Jan 200203,68717.172.38$8,759
Dec 20011516,61816.932.36$39,546
Nov 20010018.072.41$0

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.

Oct 2016 — as filed, then multipliedworked
Condensate             2 bbl  × $ 46.19 =        $92
Gas                  437 Mcf  × $  3.09 =     $1,350

────────────────────────────────────────────────────
Month total                                   $1,443

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/187564 is the state's own key, not one this site invented.