BURKITT FOUNDATION

Name: BURKITT FOUNDATION lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KEY PRODUCTION COMPANY, INC. (P-5 458573) in the LONG LAKE (PETTET 9300) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 123070District 06Field 54664185GasSave Export

Value, all time

$680 k

Jan 1993 – Jan 2006

Value, last 12 filed months

$44 k

at the published price for each month

Months reported

157

no gaps in the span

Streams

gas

The LONG LAKE (PETTET 9300) 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 8 leases and 8 wells, and the rule below applies to all of them.

Discovered

1986-07-30

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 640 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 01/01/97.”

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
Gas	Production	640,766 Mcf	$680,086
Total			$680,086

398,064 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 (157)

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

157 months


Jan 2006	291	60.59	8.93	$2,600
Dec 2005	477	54.94	13.42	$6,399
Nov 2005	873	54.69	10.59	$9,244
Oct 2005	936	58.34	13.80	$12,913
Sep 2005	102	61.45	12.08	$1,232
Aug 2005	128	61.51	9.80	$1,254
Jul 2005	100	55.69	7.84	$784
Jun 2005	59	52.33	7.38	$435
May 2005	209	45.22	6.65	$1,390
Apr 2005	280	49.20	7.36	$2,061
Mar 2005	448	50.37	7.15	$3,205
Feb 2005	413	45.22	6.31	$2,607
Jan 2005	394	43.16	6.32	$2,491
Dec 2004	416	39.86	6.75	$2,808
Nov 2004	362	45.28	6.33	$2,292
Oct 2004	377	49.70	6.52	$2,456
Sep 2004	327	43.24	5.28	$1,728
Aug 2004	343	42.37	5.55	$1,904
Jul 2004	364	38.28	6.08	$2,215
Jun 2004	340	36.10	6.43	$2,187
May 2004	343	37.48	6.49	$2,228
Apr 2004	333	34.47	5.86	$1,951
Mar 2004	427	34.36	5.53	$2,361
Feb 2004	395	32.45	5.51	$2,176
Jan 2004	409	32.03	6.30	$2,577
Dec 2003	343	30.26	6.30	$2,161
Nov 2003	337	28.80	4.60	$1,549
Oct 2003	385	28.17	4.76	$1,832
Sep 2003	335	26.31	4.75	$1,591
Aug 2003	214	29.76	5.13	$1,098
Jul 2003	298	29.41	5.17	$1,541
Jun 2003	324	28.56	5.98	$1,938
May 2003	299	26.59	5.97	$1,786
Apr 2003	352	26.67	5.41	$1,903
Mar 2003	295	31.14	6.10	$1,798
Feb 2003	342	33.48	7.93	$2,711
Jan 2003	419	30.31	5.58	$2,339
Dec 2002	338	26.91	4.85	$1,641
Nov 2002	319	24.66	4.14	$1,320
Oct 2002	381	26.46	4.23	$1,611
Sep 2002	316	27.44	3.64	$1,149
Aug 2002	390	25.96	3.16	$1,234
Jul 2002	388	24.58	3.06	$1,188
Jun 2002	332	23.73	3.34	$1,108
May 2002	325	24.66	3.58	$1,165
Apr 2002	332	23.65	3.51	$1,166
Mar 2002	496	22.00	3.10	$1,539
Feb 2002	3	18.22	2.38	$7
Jan 2002	95	17.17	2.38	$226
Dec 2001	237	16.93	2.36	$560
Nov 2001	700	18.07	2.41	$1,684
Oct 2001	323	19.78	2.53	$817
Sep 2001	289	24.26	2.25	$651
Aug 2001	621	24.87	3.05	$1,896
Jul 2001	903	23.93	3.20	$2,887
Jun 2001	342	24.56	3.82	$1,308
May 2001	207	25.52	4.31	$892
Apr 2001	153	24.68	5.34	$816
Mar 2001	550	24.54	5.38	$2,957
Feb 2001	556	27.75	5.77	$3,207
Jan 2001	1,053	27.47	8.40	$8,844
Dec 2000	157	26.88	9.12	$1,432
Nov 2000	274	32.21	5.66	$1,550
Oct 2000	80	31.23	5.15	$412
Sep 2000	1,162	31.87	5.19	$6,027
Aug 2000	3,140	29.64	4.54	$14,258
Jul 2000	926	28.53	4.09	$3,787
Jun 2000	1,389	29.30	4.40	$6,108
May 2000	3,058	27.26	3.68	$11,253
Apr 2000	5,346	24.51	3.12	$16,658
Mar 2000	3,022	28.42	2.86	$8,642
Feb 2000	3,971	27.62	2.73	$10,827
Jan 2000	4,908	25.27	2.48	$12,174
Dec 1999	5,778	24.28	2.42	$14,004
Nov 1999	5,361	23.19	2.43	$13,049
Oct 1999	5,259	20.98	2.80	$14,745
Sep 1999	5,835	21.75	2.62	$15,281
Aug 1999	5,657	19.26	2.88	$16,267
Jul 1999	5,195	17.89	2.37	$12,324
Jun 1999	5,301	15.94	2.36	$12,521
May 1999	5,764	15.79	2.32	$13,378
Apr 1999	6,040	15.10	2.21	$13,337
Mar 1999	6,158	12.47	1.84	$11,320
Feb 1999	5,014	9.98	1.82	$9,114
Jan 1999	5,362	10.38	1.90	$10,188
Dec 1998	6,293	9.20	1.77	$11,160
Nov 1998	5,611	10.89	2.19	$12,264
Oct 1998	6,463	12.42	1.97	$12,727
Sep 1998	6,125	12.59	2.08	$12,756
Aug 1998	7,672	11.30	1.91	$14,633
Jul 1998	6,233	11.74	2.24	$13,945
Jun 1998	5,308	11.24	2.24	$11,875
May 1998	6,153	12.62	2.21	$13,576
Apr 1998	6,018	13.04	2.51	$15,077
Mar 1998	5,483	12.80	2.31	$12,663
Feb 1998	5,332	13.95	2.30	$12,259
Jan 1998	4,391	14.70	2.15	$9,462
Dec 1997	5,743	16.32	2.41	$13,847
Nov 1997	5,089	18.19	3.09	$15,716
Oct 1997	5,131	19.25	3.15	$16,162
Sep 1997	3,587	17.74	2.95	$10,599
Aug 1997	4,026	17.86	2.55	$10,285
Jul 1997	3,688	17.58	2.25	$8,287
Jun 1997	3,684	17.24	2.26	$8,316
May 1997	3,337	18.97	2.31	$7,703
Apr 1997	3,068	17.88	2.08	$6,390
Mar 1997	4,191	18.95	1.94	$8,127
Feb 1997	6,502	20.49	2.21	$14,343
Jan 1997	6,679	23.48	3.54	$23,642
Dec 1996	6,778	23.32	—	$0
Nov 1996	3,917	21.97	—	$0
Oct 1996	7,221	23.31	—	$0
Sep 1996	6,720	22.22	—	$0
Aug 1996	6,768	20.26	—	$0
Jul 1996	6,191	19.55	—	$0
Jun 1996	6,738	18.73	—	$0
May 1996	6,784	19.43	—	$0
Apr 1996	6,628	21.51	—	$0
Mar 1996	6,852	19.38	—	$0
Feb 1996	6,204	16.98	—	$0
Jan 1996	7,282	17.07	—	$0
Dec 1995	5,039	17.19	—	$0
Nov 1995	6,737	16.00	—	$0
Oct 1995	7,232	15.43	—	$0
Sep 1995	7,121	16.18	—	$0
Aug 1995	7,232	15.92	—	$0
Jul 1995	6,221	15.24	—	$0
Jun 1995	7,256	16.41	—	$0
May 1995	5,488	17.56	—	$0
Apr 1995	8,044	17.73	—	$0
Mar 1995	8,591	16.44	—	$0
Feb 1995	8,319	16.58	—	$0
Jan 1995	9,143	15.92	—	$0
Dec 1994	8,073	15.03	—	$0
Nov 1994	8,696	15.90	—	$0
Oct 1994	9,503	15.58	—	$0
Sep 1994	9,362	15.29	—	$0
Aug 1994	9,389	16.13	—	$0
Jul 1994	9,739	17.56	—	$0
Jun 1994	9,752	17.09	—	$0
May 1994	10,295	15.88	—	$0
Apr 1994	10,156	14.14	—	$0
Mar 1994	10,412	12.46	—	$0
Feb 1994	8,553	12.50	—	$0
Jan 1994	10,835	12.66	—	$0
Dec 1993	6,293	12.33	—	$0
Nov 1993	5,546	14.49	—	$0
Oct 1993	10,550	15.85	—	$0
Sep 1993	9,936	15.03	—	$0
Aug 1993	9,263	15.66	—	$0
Jul 1993	10,484	15.46	—	$0
Jun 1993	10,847	16.79	—	$0
May 1993	11,089	17.68	—	$0
Apr 1993	11,357	18.05	—	$0
Mar 1993	12,015	18.14	—	$0
Feb 1993	10,947	17.90	—	$0
Jan 1993	10,466	16.93	—	$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.

Jan 2006 — as filed, then multipliedworked

Gas                  291 Mcf  × $  8.93 =     $2,600

────────────────────────────────────────────────────
Month total                                   $2,600

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/123070 is the state's own key, not one this site invented.