ALEXANDER, JOHN D.

Operated by KEY PRODUCTION COMPANY, INC. (P-5 458573) 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 124021District 06Field 54664375CondensateGasSaveExport
Value, all time
$155 k
Jan 1993 – Jul 2001
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
103
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
CondensateDisposition352 bbl$6,579
GasProduction115,288 Mcf$148,311
Total$154,889

54,724 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 (103)

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

103 months

Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 200131025.524.31$791
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 2001017627.755.77$1,015
Jan 2001031327.478.40$2,629
Dec 2000012326.889.12$1,122
Nov 2000035532.215.66$2,009
Oct 2000061131.235.15$3,144
Sep 2000035031.875.19$1,815
Aug 2000042729.644.54$1,939
Jul 2000038228.534.09$1,562
Jun 2000035929.304.40$1,579
May 2000024627.263.68$905
Apr 2000083624.513.12$2,605
Mar 2000054428.422.86$1,556
Feb 2000071327.622.73$1,944
Jan 200001,01825.272.48$2,525
Dec 1999059224.282.42$1,435
Nov 199901,06623.192.43$2,595
Oct 1999094220.982.80$2,641
Sep 199901,21921.752.62$3,192
Aug 199901,26319.262.88$3,632
Jul 19991651,80017.892.37$7,222
Jun 199901,68015.942.36$3,968
May 199901,67415.792.32$3,885
Apr 199901,44815.102.21$3,197
Mar 199901,53412.471.84$2,820
Feb 199901,2839.981.82$2,332
Jan 199901,34210.381.90$2,550
Dec 199801,6359.201.77$2,899
Nov 199801,60810.892.19$3,515
Oct 199802,73912.421.97$5,394
Sep 199803,24412.592.08$6,756
Aug 199803,38611.301.91$6,458
Jul 199803,62311.742.24$8,106
Jun 199803,81711.242.24$8,540
May 199805,07712.622.21$11,202
Apr 199805,77013.042.51$14,456
Mar 199802,26512.802.31$5,231
Feb 1998021513.952.30$494
Jan 1998064814.702.15$1,396
Dec 1997054616.322.41$1,316
Nov 1997048918.193.09$1,510
Oct 1997045319.253.15$1,427
Sep 1997018317.742.95$541
Aug 19970017.862.55$0
Jul 1997021417.582.25$481
Jun 1997027417.242.26$618
May 1997029618.972.31$683
Apr 1997038717.882.08$806
Mar 19971045718.951.94$1,076
Feb 1997045420.492.21$1,001
Jan 1997048823.483.54$1,727
Dec 1996050123.32$0
Nov 1996029721.97$0
Oct 1996053123.31$0
Sep 1996049022.22$0
Aug 1996052020.26$0
Jul 1996072619.55$0
Jun 1996053318.73$0
May 1996056619.43$0
Apr 1996059821.51$0
Mar 1996060019.38$0
Feb 1996055916.98$0
Jan 1996052017.07$0
Dec 1995056317.19$0
Nov 1995058016.00$0
Oct 1995054315.43$0
Sep 1995058616.18$0
Aug 1995160115.92$16
Jul 1995052815.24$0
Jun 1995071616.41$0
May 1995066417.56$0
Apr 199501,01417.73$0
Mar 1995088016.44$0
Feb 1995065016.58$0
Jan 1995080015.92$0
Dec 1994071515.03$0
Nov 1994073415.90$0
Oct 1994069115.58$0
Sep 1994066815.29$0
Aug 199401,31116.13$0
Jul 1994081317.56$0
Jun 1994080517.09$0
May 1994080715.88$0
Apr 199401,38614.14$0
Mar 199401,29212.46$0
Feb 1994098112.50$0
Jan 1994095612.66$0
Dec 199301,01412.33$0
Nov 199301,57014.49$0
Oct 199301,96415.85$0
Sep 199301,55315.03$0
Aug 199301,63715.66$0
Jul 199301,63715.46$0
Jun 199301,85016.79$0
May 199302,14317.68$0
Apr 199302,35818.05$0
Mar 19931453,73618.14$2,630
Feb 199304,15017.90$0
Jan 199305,38716.93$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.

May 2001 — as filed, then multipliedworked
Condensate            31 bbl  × $ 25.52 =       $791
Gas                    0 Mcf  × $  4.31 =         $0

────────────────────────────────────────────────────
Month total                                     $791

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/124021 is the state's own key, not one this site invented.