ST TR 904
Operated by OSPREY PETROLEUM COMPANY, INC. (P-5 627884) in the G.O.M. ST-904 (FRIO 1-A) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.
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 | 32,445 bbl | $909,120 |
| Casinghead gas | Production | 471,994 Mcf | $2,447,215 |
| Total | $3,356,335 | ||
Every month this lease reported (14)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
14 months
| Jun 2004 | 0 | 0 | 36.10 | 6.43 | $0 |
| May 2004 | 0 | 0 | 37.48 | 6.49 | $0 |
| Apr 2004 | 0 | 0 | 34.47 | 5.86 | $0 |
| Mar 2004 | 0 | 0 | 34.36 | 5.53 | $0 |
| Feb 2004 | 0 | 0 | 32.45 | 5.51 | $0 |
| Jan 2004 | 0 | 0 | 32.03 | 6.30 | $0 |
| Dec 2003 | 0 | 0 | 30.26 | 6.30 | $0 |
| Nov 2003 | 0 | 0 | 28.80 | 4.60 | $0 |
| Oct 2003 | 6,860 | 107,140 | 28.17 | 4.76 | $703,194 |
| Sep 2003 | 7,352 | 107,140 | 26.31 | 4.75 | $702,278 |
| Aug 2003 | 5,548 | 85,648 | 29.76 | 5.13 | $604,459 |
| Jul 2003 | 4,771 | 49,036 | 29.41 | 5.17 | $393,872 |
| Jun 2003 | 3,343 | 67,574 | 28.56 | 5.98 | $499,769 |
| May 2003 | 4,571 | 55,456 | 26.59 | 5.97 | $452,764 |
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.
Oil 6,860 bbl × $ 28.17 = $193,246 Casinghead gas 107,140 Mcf × $ 4.76 = $509,948 ──────────────────────────────────────────────────── Month total $703,194
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/13162 is the state's own key, not one this site invented.