STATE TRACT 845-S M-77220

Name: STATE TRACT 845-S M-77220 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by CHOCTAW II OIL & GAS, LTD. (P-5 150481) in the MATAGORDA ISL. BLK 721-L (13) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11886District 04Field 58255430OilCasinghead gasSave Export

Value, all time

$3.2 M

Jan 1993 – Mar 2000

Value, last 12 filed months

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The MATAGORDA ISL. BLK 721-L (13) field

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

1991-01-15

as the register files it

Field class

Oil

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.

Stream	Basis	Volume	Value
Oil	Disposition	186,970 bbl	$3,165,229
Casinghead gas	Production	4,720 Mcf	$0
Total			$3,165,229

4,720 Mcf of this lease's gas, across 11 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 (87)

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

87 months


Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	109	0	12.59	2.08	$1,372
Aug 1998	2,522	0	11.30	1.91	$28,499
Jul 1998	3,426	0	11.74	2.24	$40,221
Jun 1998	2,791	0	11.24	2.24	$31,371
May 1998	3,725	0	12.62	2.21	$47,010
Apr 1998	0	0	13.04	2.51	$0
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	0	0	13.95	2.30	$0
Jan 1998	255	0	14.70	2.15	$3,749
Dec 1997	1,230	0	16.32	2.41	$20,074
Nov 1997	1,163	0	18.19	3.09	$21,155
Oct 1997	2,001	0	19.25	3.15	$38,519
Sep 1997	1,847	0	17.74	2.95	$32,766
Aug 1997	2,076	0	17.86	2.55	$37,077
Jul 1997	2,320	0	17.58	2.25	$40,786
Jun 1997	2,300	0	17.24	2.26	$39,652
May 1997	3,228	0	18.97	2.31	$61,235
Apr 1997	2,227	0	17.88	2.08	$39,819
Mar 1997	2,416	0	18.95	1.94	$45,783
Feb 1997	2,242	0	20.49	2.21	$45,939
Jan 1997	3,141	0	23.48	3.54	$73,751
Dec 1996	2,598	0	23.32	—	$60,585
Nov 1996	2,338	0	21.97	—	$51,366
Oct 1996	2,915	0	23.31	—	$67,949
Sep 1996	2,226	0	22.22	—	$49,462
Aug 1996	3,120	0	20.26	—	$63,211
Jul 1996	2,782	0	19.55	—	$54,388
Jun 1996	3,082	0	18.73	—	$57,726
May 1996	2,832	0	19.43	—	$55,026
Apr 1996	3,275	0	21.51	—	$70,445
Mar 1996	3,723	0	19.38	—	$72,152
Feb 1996	3,708	0	16.98	—	$62,962
Jan 1996	4,128	0	17.07	—	$70,465
Dec 1995	3,308	0	17.19	—	$56,865
Nov 1995	2,965	0	16.00	—	$47,440
Oct 1995	1,123	0	15.43	—	$17,328
Sep 1995	131	0	16.18	—	$2,120
Aug 1995	1,961	0	15.92	—	$31,219
Jul 1995	1,229	0	15.24	—	$18,730
Jun 1995	0	0	16.41	—	$0
May 1995	4,466	0	17.56	—	$78,423
Apr 1995	4,540	0	17.73	—	$80,494
Mar 1995	4,300	0	16.44	—	$70,692
Feb 1995	5,118	0	16.58	—	$84,856
Jan 1995	6,000	0	15.92	—	$95,520
Dec 1994	6,555	0	15.03	—	$98,522
Nov 1994	1,745	0	15.90	—	$27,746
Oct 1994	3,579	0	15.58	—	$55,761
Sep 1994	2,323	0	15.29	—	$35,519
Aug 1994	3,485	0	16.13	—	$56,213
Jul 1994	3,353	0	17.56	—	$58,879
Jun 1994	4,713	0	17.09	—	$80,545
May 1994	7,092	0	15.88	—	$112,621
Apr 1994	5,940	0	14.14	—	$83,992
Mar 1994	5,095	1	12.46	—	$63,484
Feb 1994	0	0	12.50	—	$0
Jan 1994	0	0	12.66	—	$0
Dec 1993	0	0	12.33	—	$0
Nov 1993	0	0	14.49	—	$0
Oct 1993	312	128	15.85	—	$4,945
Sep 1993	4,744	583	15.03	—	$71,302
Aug 1993	5,761	819	15.66	—	$90,217
Jul 1993	6,969	580	15.46	—	$107,741
Jun 1993	5,779	326	16.79	—	$97,029
May 1993	3,983	757	17.68	—	$70,419
Apr 1993	649	365	18.05	—	$11,714
Mar 1993	1,140	377	18.14	—	$20,680
Feb 1993	1,217	370	17.90	—	$21,784
Jan 1993	1,649	414	16.93	—	$27,918

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.

Sep 1998 — as filed, then multipliedworked

Oil                  109 bbl  × $ 12.59 =     $1,372
Casinghead gas         0 Mcf  × $  2.08 =         $0

────────────────────────────────────────────────────
Month total                                   $1,372

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/O/11886 is the state's own key, not one this site invented.