STATE TRACT 926-S

Operated by MAGELLAN E&P HOLDINGS, INC. (P-5 521315) in the INDIGO (FRIO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 243520District 04Field 44485500CondensateGasSaveExport
Value, all time
$38.9 M
Dec 2006 – Jun 2021
Value, last 12 filed months
$460 k
at the published price for each month
Months reported
175
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
2007-11-18
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
CondensateDisposition232,862 bbl$16,023,302
GasProduction7,253,145 Mcf$22,915,358
Total$38,938,660

Every month this lease reported (175)

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

175 months

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 20202,05170,41439.982.39$249,943
Jul 20202,16369,62838.371.83$210,074
Jun 20201,64859,99734.901.69$158,929
May 20201,77062,63816.921.81$143,621
Apr 20201,80868,04414.751.80$149,445
Mar 20202,14367,32830.341.86$189,995
Feb 20201,85965,12149.881.98$221,710
Jan 20202,03268,30857.252.09$259,420
Dec 20191,78265,46659.012.30$256,013
Nov 20191,73253,91855.302.75$244,092
Oct 20192,03762,90053.472.42$261,045
Sep 20191,57855,71355.052.66$234,914
Aug 20191,24444,03053.112.30$167,530
Jul 20191,77458,98756.272.46$244,935
Jun 20191,83759,19952.782.49$244,433
May 20191,01538,37558.482.74$164,517
Apr 20192,04669,26262.632.75$318,660
Mar 20191,98271,98556.803.06$333,003
Feb 20192,07564,55850.852.79$285,774
Jan 20192,30771,68846.033.23$337,613
Dec 20182,00770,62646.594.19$389,107
Nov 20182,53363,86852.934.24$404,696
Oct 20181808,73861.443.40$40,752
Sep 20182,03055,86959.543.11$294,507
Aug 20182,09759,34159.403.07$306,535
Jul 20181,86860,19565.142.93$298,166
Jun 20181,66153,74360.183.08$265,322
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 201872017,36961.222.79$92,483
Feb 20182,38273,49161.782.77$350,445
Jan 20181,77651,43562.874.01$317,876
Dec 20171,80051,60657.272.92$253,854
Nov 20171,94153,88855.423.12$275,612
Oct 20171,41650,04649.292.98$219,116
Sep 201755427,29647.523.09$110,596
Aug 20171,45146,48845.373.00$205,500
Jul 20171,90469,74243.873.09$298,842
Jun 20171,17545,64942.493.09$190,857
May 20171,71863,44145.373.26$284,979
Apr 20171,61459,44347.933.21$268,266
Mar 20171,50060,69146.772.98$251,238
Feb 20171,65356,13250.452.95$249,129
Jan 20171,68963,59149.413.42$300,858
Dec 20161,51853,72248.763.72$274,016
Nov 20161,93265,23042.492.64$254,582
Oct 20162,20570,22346.193.09$318,856
Sep 20161,90268,31941.553.10$290,860
Aug 20162,16373,72341.442.92$305,226
Jul 20162,14474,63341.622.92$307,486
Jun 20162,14171,02545.352.69$287,855
May 20161,76958,14342.521.99$190,983
Apr 20162,14872,88936.561.99$223,656
Mar 20161,52750,21533.011.79$140,492
Feb 20162,08875,02226.472.06$210,087
Jan 20162,30678,14127.352.36$247,823
Dec 20152,54377,98632.362.00$238,373
Nov 20151,70145,18938.792.17$163,921
Oct 20151,30346,58643.552.43$169,790
Sep 20152,23674,57642.992.76$301,838
Aug 20152,20471,46940.162.87$293,807
Jul 20152,34877,25948.152.95$340,590
Jun 20152,34076,45756.152.88$351,806
May 20152,43776,68555.212.96$361,185
Apr 20152,21774,39349.822.71$311,801
Mar 20152,45578,41142.892.93$335,409
Feb 20151,14636,07944.662.98$158,558
Jan 20151,42046,84643.433.10$206,923
Dec 20142,54978,58454.693.59$421,628
Nov 20142,28974,65970.464.25$478,721
Oct 20142,47079,80178.303.90$504,702
Sep 20142,36274,60286.164.05$505,308
Aug 20142,75783,98489.394.04$585,334
Jul 20142,62386,42896.564.18$614,511
Jun 20142,60580,70498.164.74$637,992
May 20142,36674,39094.734.73$575,740
Apr 20142,66485,39995.944.81$666,278
Mar 20142,91488,04795.895.06$724,660
Feb 20142,40777,92097.406.19$716,922
Jan 20142,72887,55290.404.86$672,177
Dec 20132,66183,68791.824.35$608,746
Nov 20132,43878,10288.853.74$508,583
Oct 20133,576103,21797.423.78$738,468
Sep 20132,18977,832104.113.72$517,256
Aug 20132,02655,919104.253.52$408,191
Jul 20133,318100,144102.523.72$712,471
Jun 20133,14395,29294.403.93$671,522
May 20133,21696,70694.834.15$706,214
Apr 20133,21093,87993.964.28$703,657
Mar 20133,24890,57493.623.91$658,482
Feb 20132,66477,04091.233.42$506,507
Jan 20133,32298,02091.603.42$639,515
Dec 20123,31496,77786.773.42$618,549
Nov 20123,59391,85986.953.62$645,397
Oct 20123,39591,39789.383.40$614,166
Sep 20123,67894,93894.672.92$625,263
Aug 20123,53196,35092.662.91$607,384
Jul 20123,48195,66485.133.02$585,319
Jun 20123,43290,78379.822.52$502,628
May 20123,52995,34391.612.49$560,536
Apr 20123,49793,298101.652.00$541,768
Mar 20123,75696,917105.052.22$609,925
Feb 20123,50490,607101.102.57$587,136
Jan 20123,69892,56698.092.73$615,820
Dec 20113,26480,47496.873.24$576,899
Nov 201170020,22295.723.31$133,965
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$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.

Aug 2020 — as filed, then multipliedworked
Condensate         2,051 bbl  × $ 39.98 =    $81,999
Gas               70,414 Mcf  × $  2.39 =   $167,944

────────────────────────────────────────────────────
Month total                                 $249,943

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/243520 is the state's own key, not one this site invented.