LEE, MARK B.

Operated by HAGEMAN ENERGY, LLC (P-5 342713) in the SHELTON (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2135District 05Field 82990500OilCasinghead gasSaveExport
Value, all time
$598 k
Jan 1993 – Sep 2013
Value, last 12 filed months
$28 k
at the published price for each month
Months reported
249
no gaps in the span
Streams
2
oil, casinghead 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 19 leases and 34 wells, and the rule below applies to all of them.

Discovered
1978-05-28
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.

StreamBasisVolumeValue
OilDisposition30,411 bbl$598,392
Casinghead gasProduction32 Mcf$65
Total$598,457

21 Mcf of this lease's gas, across 21 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 (249)

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

249 months

Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 2012318086.953.62$27,650
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 20110096.873.24$0
Nov 20110095.723.31$0
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
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 2005123061.519.80$7,566
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040142.375.55$6
Jul 20040138.286.08$6
Jun 20040136.106.43$6
May 20040137.486.49$6
Apr 20040034.475.86$0
Mar 20040434.365.53$22
Feb 20040132.455.51$6
Jan 20040132.036.30$6
Dec 20030130.266.30$6
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 2003144030.315.58$4,365
Dec 20020026.914.85$0
Nov 2002362024.664.14$8,927
Oct 20020026.464.23$0
Sep 2002181027.443.64$4,967
Aug 2002365025.963.16$9,475
Jul 2002521024.583.06$12,806
Jun 2002161023.733.34$3,821
May 2002349024.663.58$8,606
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 2002170017.172.38$2,919
Dec 20010016.932.36$0
Nov 2001359018.072.41$6,487
Oct 20010019.782.53$0
Sep 2001178024.262.25$4,318
Aug 2001184024.873.05$4,576
Jul 2001359023.933.20$8,591
Jun 2001154024.563.82$3,782
May 2001368025.524.31$9,391
Apr 2001179024.685.34$4,418
Mar 2001181024.545.38$4,442
Feb 2001279027.755.77$7,742
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 2000362032.215.66$11,660
Oct 2000543031.235.15$16,958
Sep 20000031.875.19$0
Aug 2000352029.644.54$10,433
Jul 20000028.534.09$0
Jun 2000193029.304.40$5,655
May 2000197027.263.68$5,370
Apr 2000188024.513.12$4,608
Mar 2000174028.422.86$4,945
Feb 2000360027.622.73$9,943
Jan 2000363025.272.48$9,173
Dec 1999176024.282.42$4,273
Nov 1999173023.192.43$4,012
Oct 1999351020.982.80$7,364
Sep 1999182021.752.62$3,959
Aug 1999156019.262.88$3,005
Jul 1999176017.892.37$3,149
Jun 1999302015.942.36$4,814
May 1999363015.792.32$5,732
Apr 1999338015.102.21$5,104
Mar 19990012.471.84$0
Feb 199933109.981.82$3,303
Jan 1999344010.381.90$3,571
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 1998348012.421.97$4,322
Sep 1998312012.592.08$3,928
Aug 19980011.301.91$0
Jul 1998321011.742.24$3,769
Jun 1998488011.242.24$5,485
May 1998179012.622.21$2,259
Apr 19980013.042.51$0
Mar 1998331012.802.31$4,237
Feb 1998362013.952.30$5,050
Jan 19980014.702.15$0
Dec 1997702016.322.41$11,457
Nov 19970018.193.09$0
Oct 1997359019.253.15$6,911
Sep 19970017.742.95$0
Aug 1997331017.862.55$5,912
Jul 1997336017.582.25$5,907
Jun 1997365017.242.26$6,293
May 1997176018.972.31$3,339
Apr 1997332017.882.08$5,936
Mar 1997179018.951.94$3,392
Feb 1997178020.492.21$3,647
Jan 19970023.483.54$0
Dec 1996356023.32$8,302
Nov 1996362021.97$7,953
Oct 1996188023.31$4,382
Sep 1996179022.22$3,977
Aug 1996183020.26$3,708
Jul 1996367019.55$7,175
Jun 1996362018.73$6,780
May 1996356019.43$6,917
Apr 19960021.51$0
Mar 1996373019.38$7,229
Feb 1996182016.98$3,090
Jan 1996185017.07$3,158
Dec 1995351017.19$6,034
Nov 1995188016.00$3,008
Oct 1995195015.43$3,009
Sep 1995174016.18$2,815
Aug 1995508015.92$8,087
Jul 19950015.24$0
Jun 1995179016.41$2,937
May 1995366017.56$6,427
Apr 1995182017.73$3,227
Mar 1995577016.44$9,486
Feb 1995179016.58$2,968
Jan 1995533015.92$8,485
Dec 1994334015.03$5,020
Nov 1994180015.90$2,862
Oct 1994154015.58$2,399
Sep 1994502115.29$7,676
Aug 1994485116.13$7,823
Jul 19940117.56$0
Jun 1994354117.09$6,050
May 1994334115.88$5,304
Apr 19940114.14$0
Mar 1994703112.46$8,759
Feb 19940112.50$0
Jan 1994520112.66$6,583
Dec 1993164112.33$2,022
Nov 1993533114.49$7,723
Oct 1993347115.85$5,500
Sep 1993350115.03$5,261
Aug 1993339115.66$5,309
Jul 1993338115.46$5,225
Jun 1993493116.79$8,277
May 1993343117.68$6,064
Apr 1993511118.05$9,224
Mar 1993350118.14$6,349
Feb 1993346117.90$6,193
Jan 1993348116.93$5,892

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.

Nov 2012 — as filed, then multipliedworked
Oil                  318 bbl  × $ 86.95 =    $27,650
Casinghead gas         0 Mcf  × $  3.62 =         $0

────────────────────────────────────────────────────
Month total                                  $27,650

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. 05/O/2135 is the state's own key, not one this site invented.