STIRRUP / STATE UNIT

Operated by APACHE SHELF, INC. (P-5 27233) in the MU 861-L (MIDDLE FRIO S-3 FB-B) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 188674District 04Field 56342250CondensateGasSaveExport
Value, all time
$83.2 M
Apr 2002 – Jan 2013
Value, last 12 filed months
$0
at the published price for each month
Months reported
130
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
2002-04-01
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

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
CondensateDisposition149,347 bbl$7,424,393
GasProduction12,972,769 Mcf$75,747,544
Total$83,171,937

Every month this lease reported (130)

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

130 months

Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 2011101096.873.24$9,784
Nov 201133095.723.31$3,159
Oct 201133084.983.65$2,804
Sep 201135621,87383.623.99$116,950
Aug 201145244,86683.404.15$223,860
Jul 201139846,00494.144.52$245,279
Jun 201155945,29192.904.64$262,076
May 201159948,11598.134.40$270,718
Apr 201141747,411105.964.33$249,630
Mar 20111,09050,31596.364.06$309,177
Feb 201148628,03985.644.18$158,824
Jan 201162148,13286.504.59$274,584
Dec 201098449,19985.734.35$298,263
Nov 201047449,96280.843.80$227,940
Oct 201090155,20278.103.51$264,066
Sep 201036050,45572.633.98$226,931
Aug 201043546,71973.684.42$238,519
Jul 201097145,98072.554.74$288,230
Jun 201035455,74270.364.91$298,623
May 20101,34961,58171.124.24$356,750
Apr 201043957,21381.694.12$271,733
Mar 201064660,05078.394.39$314,180
Feb 201022459,32673.585.44$339,355
Jan 201063658,29674.365.96$394,976
Dec 200931660,12771.445.48$352,296
Nov 200940162,74074.593.75$265,280
Oct 20091,26660,54572.544.11$340,691
Sep 200911363,41565.543.06$201,757
Aug 20091,34862,95567.423.22$293,503
Jul 200941664,98961.133.46$250,584
Jun 200958066,55766.163.90$297,612
May 20097569,14954.743.93$275,567
Apr 200999667,66846.773.59$289,342
Mar 200938669,42842.144.06$298,074
Feb 200980363,20432.814.63$319,171
Jan 200970770,07235.865.37$401,710
Dec 200874070,61437.105.98$449,524
Nov 200834869,03655.496.86$492,922
Oct 200877572,77575.246.92$562,058
Sep 200821271,194101.767.88$582,375
Aug 20081,02072,947114.228.48$735,315
Jul 200863473,667131.0811.39$922,130
Jun 20081,12470,891131.3313.03$1,071,511
May 200841374,153123.1711.57$909,138
Apr 200868672,900110.3110.45$837,832
Mar 20081,21378,498101.909.66$882,215
Feb 20081,22772,29092.538.77$747,560
Jan 200876576,84690.388.21$699,718
Dec 20071,13278,51488.337.30$673,296
Nov 20071,16876,34491.677.29$663,748
Oct 20071,23578,43382.856.92$645,231
Sep 200795278,45575.846.24$562,085
Aug 20071,23182,00469.066.39$608,849
Jul 200757380,54370.906.39$555,130
Jun 20071,54480,60862.007.55$704,193
May 20071,10182,58858.747.85$712,681
Apr 200785284,10859.617.81$707,267
Mar 20071,43085,21756.927.30$703,648
Feb 20071,02777,51355.108.22$693,435
Jan 20071,54681,95950.306.73$629,090
Dec 200673986,09256.656.92$637,487
Nov 20061,10086,15454.207.62$715,896
Oct 20061,49989,29554.906.01$619,297
Sep 200640986,55060.085.04$460,542
Aug 20061,69492,41868.717.34$794,735
Jul 20061,29194,03669.376.34$686,004
Jun 20061,26792,44766.286.38$674,147
May 20061,74795,01866.016.42$725,810
Apr 200693693,61164.397.36$749,291
Mar 20061,21898,10056.707.08$763,895
Feb 20061,42089,96057.597.75$779,069
Jan 2006631101,06060.598.93$941,034
Dec 20051,852103,72054.9413.42$1,493,194
Nov 2005890103,15954.6910.59$1,140,963
Oct 20051,795112,89758.3413.80$1,662,220
Sep 20051,19590,26961.4512.08$1,163,792
Aug 20051,280117,31261.519.80$1,228,020
Jul 20051,274106,63455.697.84$907,348
Jun 20051,639111,60652.337.38$909,537
May 20051,171115,94345.226.65$824,108
Apr 20051,585113,70349.207.36$914,891
Mar 20051,368119,65950.377.15$925,052
Feb 20051,909110,95445.226.31$786,658
Jan 20051,346121,11543.166.32$823,807
Dec 2004957115,71039.866.75$819,313
Nov 20041,716110,28145.286.33$775,826
Oct 20041,967114,94849.706.52$846,658
Sep 20041,569113,55743.245.28$667,867
Aug 20041,016123,59942.375.55$729,104
Jul 20041,479130,22038.286.08$848,898
Jun 20041,428135,12136.106.43$920,787
May 20042,075148,29637.486.49$1,040,891
Apr 20048,519139,74734.475.86$1,112,352
Mar 20041,487148,84534.365.53$874,227
Feb 20041,935140,41332.455.51$836,413
Jan 20041,447149,06132.036.30$985,378
Dec 20032,018155,51330.266.30$1,041,052
Nov 20031,709157,16528.804.60$771,418
Oct 20031,716171,95928.174.76$866,803
Sep 20032,286160,77026.314.75$823,699
Aug 20031,909177,23629.765.13$965,983
Jul 20031,344190,42229.415.17$1,024,169
Jun 20031,945189,90228.565.98$1,191,725
May 20031,866206,78726.595.97$1,284,690
Apr 20032,693202,13226.675.41$1,164,807
Mar 20033,479218,25831.146.10$1,438,846
Feb 20032,346206,94833.487.93$1,718,789
Jan 20033,634247,94230.315.58$1,494,169
Dec 20022,680254,52826.914.85$1,307,537
Nov 2002306274,98724.664.14$1,145,156
Oct 20021,499293,75626.464.23$1,281,993
Sep 20022,775313,40927.443.64$1,215,450
Aug 20023,131366,91525.963.16$1,242,259
Jul 20023,358436,20224.583.06$1,418,085
Jun 20023,695404,82523.733.34$1,439,085
May 20023,692433,84224.663.58$1,645,934
Apr 20021,143255,04423.653.51$922,828

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.

Dec 2011 — as filed, then multipliedworked
Condensate           101 bbl  × $ 96.87 =     $9,784
Gas                    0 Mcf  × $  3.24 =         $0

────────────────────────────────────────────────────
Month total                                   $9,784

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/188674 is the state's own key, not one this site invented.