BURKITT FOUNDATION

Operated by MAXIMUS OPERATING, LTD. (P-5 534465) in the LONG LAKE (RODESSA 8600) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 123069District 06Field 54664375CondensateGasSaveExport
Value, all time
$168 k
Jan 1993 – Aug 2017
Value, last 12 filed months
$658
at the published price for each month
Months reported
296
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 8 leases and 8 wells, and the rule below applies to all of them.

Discovered
1986-08-05
as the register files it
Field class
Gas
the register's own label
Between wells
2,640 ft
minimum
From a lease line
1,320 ft
minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 1988-10-01.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 09/01/96.

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
CondensateDisposition334 bbl$10,401
GasProduction152,882 Mcf$158,081
Total$168,482

117,893 Mcf of this lease's gas, across 48 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 (296)

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

296 months

Aug 20170045.373.00$0
Jul 201715043.873.09$658
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 2016171041.442.92$7,086
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150456.152.88$12
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 2014013295.944.81$635
Mar 2014012195.895.06$612
Feb 2014014097.406.19$867
Jan 2014014390.404.86$695
Dec 201307291.824.35$314
Nov 2013015288.853.74$568
Oct 2013015997.423.78$601
Sep 20130124104.113.72$461
Aug 20130182104.253.52$641
Jul 20130169102.523.72$628
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 2013022493.964.28$959
Mar 2013030893.623.91$1,205
Feb 20130691.233.42$21
Jan 201303091.603.42$103
Dec 201203286.773.42$109
Nov 201201786.953.62$62
Oct 201202889.383.40$95
Sep 201201794.672.92$50
Aug 201202192.662.91$61
Jul 201201985.133.02$57
Jun 201202079.822.52$50
May 201205591.612.49$137
Apr 2012081101.652.00$162
Mar 2012078105.052.22$173
Feb 2012032101.102.57$82
Jan 201202698.092.73$71
Dec 201102896.873.24$91
Nov 201104495.723.31$146
Oct 201105984.983.65$215
Sep 201104283.623.99$167
Aug 201104783.404.15$195
Jul 201104994.144.52$221
Jun 201105392.904.64$246
May 201105798.134.40$251
Apr 20110186105.964.33$806
Mar 201104996.364.06$199
Feb 201104885.644.18$201
Jan 201107786.504.59$353
Dec 2010010685.734.35$461
Nov 201008880.843.80$334
Oct 201004278.103.51$147
Sep 201004272.633.98$167
Aug 201005573.684.42$243
Jul 201004472.554.74$208
Jun 201007670.364.91$373
May 2010011971.124.24$504
Apr 2010016281.694.12$668
Mar 201007678.394.39$334
Feb 201007273.585.44$392
Jan 201005974.365.96$352
Dec 200907571.445.48$411
Nov 2009010274.593.75$383
Oct 2009015872.544.11$649
Sep 2009014765.543.06$451
Aug 2009015067.423.22$483
Jul 2009021061.133.46$728
Jun 2009013066.163.90$506
May 2009018954.743.93$742
Apr 2009010146.773.59$362
Mar 200909442.144.06$382
Feb 200907232.814.63$334
Jan 2009014135.865.37$757
Dec 2008017437.105.98$1,040
Nov 200809955.496.86$679
Oct 200803875.246.92$263
Sep 2008079101.767.88$622
Aug 20080128114.228.48$1,086
Jul 20080164131.0811.39$1,868
Jun 20080231131.3313.03$3,011
May 20080219123.1711.57$2,535
Apr 20080114110.3110.45$1,192
Mar 20080113101.909.66$1,092
Feb 2008010092.538.77$877
Jan 2008010390.388.21$845
Dec 2007013188.337.30$957
Nov 2007016191.677.29$1,174
Oct 2007015282.856.92$1,052
Sep 200706875.846.24$425
Aug 2007017169.066.39$1,092
Jul 2007010970.906.39$696
Jun 200702562.007.55$189
May 200709858.747.85$769
Apr 200705359.617.81$414
Mar 200708456.927.30$613
Feb 2007014355.108.22$1,175
Jan 2007031250.306.73$2,099
Dec 2006026056.656.92$1,799
Nov 2006070054.207.62$5,332
Oct 2006032854.906.01$1,973
Sep 2006023060.085.04$1,159
Aug 2006039068.717.34$2,863
Jul 2006043669.376.34$2,765
Jun 2006030566.286.38$1,947
May 200607466.016.42$475
Apr 2006011964.397.36$876
Mar 2006016856.707.08$1,190
Feb 2006012157.597.75$938
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 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050752.337.38$52
May 2005016445.226.65$1,091
Apr 2005018849.207.36$1,384
Mar 2005022650.377.15$1,617
Feb 2005018845.226.31$1,187
Jan 2005019243.166.32$1,214
Dec 2004021439.866.75$1,445
Nov 2004033945.286.33$2,146
Oct 2004037349.706.52$2,430
Sep 2004018343.245.28$967
Aug 2004014342.375.55$794
Jul 2004019238.286.08$1,168
Jun 2004012836.106.43$823
May 2004019337.486.49$1,253
Apr 2004021134.475.86$1,236
Mar 2004018834.365.53$1,040
Feb 2004033632.455.51$1,851
Jan 2004037932.036.30$2,388
Dec 2003042230.266.30$2,659
Nov 2003022528.804.60$1,034
Oct 2003022628.174.76$1,076
Sep 2003018026.314.75$855
Aug 200308629.765.13$441
Jul 2003022929.415.17$1,184
Jun 2003027728.565.98$1,657
May 2003026926.595.97$1,607
Apr 2003022126.675.41$1,195
Mar 2003023831.146.10$1,451
Feb 2003020833.487.93$1,649
Jan 2003028830.315.58$1,608
Dec 2002027426.914.85$1,330
Nov 2002017524.664.14$724
Oct 2002023826.464.23$1,007
Sep 2002023827.443.64$865
Aug 2002026025.963.16$823
Jul 2002024724.583.06$756
Jun 2002025923.733.34$865
May 2002027824.663.58$996
Apr 2002018423.653.51$646
Mar 2002042522.003.10$1,319
Feb 20020018.222.38$0
Jan 200207717.172.38$183
Dec 2001023616.932.36$558
Nov 2001025118.072.41$604
Oct 200101819.782.53$46
Sep 200107124.262.25$160
Aug 200108324.873.05$253
Jul 20010023.933.20$0
Jun 2001024724.563.82$945
May 2001021225.524.31$913
Apr 200105024.685.34$267
Mar 2001018024.545.38$968
Feb 2001010727.755.77$617
Jan 2001017027.478.40$1,428
Dec 200005926.889.12$538
Nov 2000015732.215.66$888
Oct 2000016031.235.15$823
Sep 2000010031.875.19$519
Aug 2000010829.644.54$490
Jul 2000014628.534.09$597
Jun 2000011129.304.40$488
May 2000025927.263.68$953
Apr 2000022324.513.12$695
Mar 2000022328.422.86$638
Feb 2000026527.622.73$723
Jan 2000027825.272.48$690
Dec 1999028924.282.42$700
Nov 1999024223.192.43$589
Oct 1999020520.982.80$575
Sep 1999022921.752.62$600
Aug 1999021319.262.88$613
Jul 1999025517.892.37$605
Jun 1999025615.942.36$605
May 1999026515.792.32$615
Apr 1999037415.102.21$826
Mar 1999040512.471.84$745
Feb 199903439.981.82$624
Jan 1999024410.381.90$464
Dec 199802899.201.77$512
Nov 1998029210.892.19$638
Oct 1998026712.421.97$526
Sep 1998031212.592.08$650
Aug 1998047411.301.91$904
Jul 1998066311.742.24$1,483
Jun 1998026111.242.24$584
May 1998024612.622.21$543
Apr 1998029613.042.51$742
Mar 1998035512.802.31$820
Feb 1998028613.952.30$658
Jan 1998013414.702.15$289
Dec 1997024416.322.41$588
Nov 1997022318.193.09$689
Oct 1997018319.253.15$576
Sep 1997011417.742.95$337
Aug 1997015117.862.55$386
Jul 1997013917.582.25$312
Jun 1997016917.242.26$381
May 1997019818.972.31$457
Apr 1997022417.882.08$467
Mar 1997037018.951.94$717
Feb 1997041420.492.21$913
Jan 1997044223.483.54$1,565
Dec 1996047123.32$0
Nov 1996041921.97$0
Oct 1996043023.31$0
Sep 1996039922.22$0
Aug 1996045720.26$0
Jul 1996067619.55$0
Jun 1996069018.73$0
May 1996069319.43$0
Apr 1996071821.51$0
Mar 1996069119.38$0
Feb 1996069516.98$0
Jan 1996063117.07$0
Dec 1995074517.19$0
Nov 1995072216.00$0
Oct 1995086815.43$0
Sep 199501,14816.18$0
Aug 199501,25415.92$0
Jul 199501,69015.24$0
Jun 199503,35516.41$0
May 199502,55717.56$0
Apr 199502,79817.73$0
Mar 199503,09816.44$0
Feb 199502,72316.58$0
Jan 199503,21115.92$0
Dec 199403,08015.03$0
Nov 199403,18515.90$0
Oct 199403,37415.58$0
Sep 199403,37515.29$0
Aug 199403,51816.13$0
Jul 1994283,40017.56$492
Jun 199403,40317.09$0
May 199403,52515.88$0
Apr 199403,39314.14$0
Mar 199403,72612.46$0
Feb 199413,16212.50$13
Jan 199413,57712.66$13
Dec 199303,36012.33$0
Nov 199302,70814.49$0
Oct 199304,06615.85$0
Sep 199304,04715.03$0
Aug 199303,89615.66$0
Jul 199303,83915.46$0
Jun 199303,95816.79$0
May 199303,47017.68$0
Apr 199304,10018.05$0
Mar 19931164,33318.14$2,104
Feb 199324,08217.90$36
Jan 199304,17716.93$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.

Jul 2017 — as filed, then multipliedworked
Condensate            15 bbl  × $ 43.87 =       $658
Gas                    0 Mcf  × $  3.09 =         $0

────────────────────────────────────────────────────
Month total                                     $658

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. 06/G/123069 is the state's own key, not one this site invented.