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 (15) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11891District 04Field 58255440OilCasinghead gasSave Export

Value, all time

$4.8 M

Jan 1993 – Feb 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 (15) 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

1990-12-22

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	290,051 bbl	$4,835,278
Casinghead gas	Production	93,130 Mcf	$6,834
Total			$4,842,111

90,230 Mcf of this lease's gas, across 46 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 (86)

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

86 months


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	620	150	9.20	1.77	$5,970
Nov 1998	945	121	10.89	2.19	$10,556
Oct 1998	807	98	12.42	1.97	$10,216
Sep 1998	439	97	12.59	2.08	$5,729
Aug 1998	1,292	97	11.30	1.91	$14,785
Jul 1998	1,703	141	11.74	2.24	$20,309
Jun 1998	1,290	136	11.24	2.24	$14,804
May 1998	1,730	136	12.62	2.21	$22,133
Apr 1998	1,335	130	13.04	2.51	$17,734
Mar 1998	1,139	112	12.80	2.31	$14,838
Feb 1998	1,221	131	13.95	2.30	$17,334
Jan 1998	1,530	138	14.70	2.15	$22,788
Dec 1997	1,245	140	16.32	2.41	$20,656
Nov 1997	1,186	80	18.19	3.09	$21,820
Oct 1997	2,017	125	19.25	3.15	$39,221
Sep 1997	1,868	107	17.74	2.95	$33,454
Aug 1997	2,092	127	17.86	2.55	$37,688
Jul 1997	2,347	131	17.58	2.25	$41,555
Jun 1997	2,332	115	17.24	2.26	$40,463
May 1997	3,279	145	18.97	2.31	$62,537
Apr 1997	2,248	107	17.88	2.08	$40,417
Mar 1997	2,451	102	18.95	1.94	$46,644
Feb 1997	2,275	102	20.49	2.21	$46,840
Jan 1997	3,152	132	23.48	3.54	$74,476
Dec 1996	2,608	87	23.32	—	$60,819
Nov 1996	2,390	126	21.97	—	$52,508
Oct 1996	2,966	126	23.31	—	$69,137
Sep 1996	2,273	92	22.22	—	$50,506
Aug 1996	3,203	127	20.26	—	$64,893
Jul 1996	2,721	112	19.55	—	$53,196
Jun 1996	3,151	126	18.73	—	$59,018
May 1996	2,873	109	19.43	—	$55,822
Apr 1996	3,328	124	21.51	—	$71,585
Mar 1996	3,864	138	19.38	—	$74,884
Feb 1996	3,872	217	16.98	—	$65,747
Jan 1996	4,279	150	17.07	—	$73,043
Dec 1995	3,471	128	17.19	—	$59,666
Nov 1995	3,330	119	16.00	—	$53,280
Oct 1995	1,204	0	15.43	—	$18,578
Sep 1995	1,109	0	16.18	—	$17,944
Aug 1995	409	46	15.92	—	$6,511
Jul 1995	715	49	15.24	—	$10,897
Jun 1995	4,288	295	16.41	—	$70,366
May 1995	5,263	448	17.56	—	$92,418
Apr 1995	4,801	422	17.73	—	$85,122
Mar 1995	4,624	367	16.44	—	$76,019
Feb 1995	5,477	420	16.58	—	$90,809
Jan 1995	6,571	454	15.92	—	$104,610
Dec 1994	7,966	437	15.03	—	$119,729
Nov 1994	2,848	183	15.90	—	$45,283
Oct 1994	4,555	779	15.58	—	$70,967
Sep 1994	2,654	579	15.29	—	$40,580
Aug 1994	3,710	921	16.13	—	$59,842
Jul 1994	3,615	1,139	17.56	—	$63,479
Jun 1994	4,769	1,998	17.09	—	$81,502
May 1994	5,511	2,313	15.88	—	$87,515
Apr 1994	5,347	2,336	14.14	—	$75,607
Mar 1994	4,878	2,547	12.46	—	$60,780
Feb 1994	2,553	1,228	12.50	—	$31,913
Jan 1994	6,698	2,888	12.66	—	$84,797
Dec 1993	7,188	5,351	12.33	—	$88,628
Nov 1993	7,183	3,677	14.49	—	$104,082
Oct 1993	5,892	6,361	15.85	—	$93,388
Sep 1993	7,823	5,461	15.03	—	$117,580
Aug 1993	9,082	6,891	15.66	—	$142,224
Jul 1993	11,506	4,974	15.46	—	$177,883
Jun 1993	10,826	4,534	16.79	—	$181,769
May 1993	11,062	3,952	17.68	—	$195,576
Apr 1993	9,515	6,435	18.05	—	$171,746
Mar 1993	11,887	7,081	18.14	—	$215,630
Feb 1993	11,211	6,600	17.90	—	$200,677
Jan 1993	12,439	7,283	16.93	—	$210,592

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 1998 — as filed, then multipliedworked

Oil                  620 bbl  × $  9.20 =     $5,704
Casinghead gas       150 Mcf  × $  1.77 =       $266

────────────────────────────────────────────────────
Month total                                   $5,970

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/11891 is the state's own key, not one this site invented.