GSU UNIT A-543

Operated by SWIFT ENERGY COMPANY (P-5 833347) in the BROOKELAND (AUSTIN CHALK, 8800) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 151952District 06Field 12193500CondensateGasSaveExport
Value, all time
$2.2 M
Jun 1994 – Jun 1999
Value, last 12 filed months
$50 k
at the published price for each month
Months reported
61
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 488 leases and 597 wells, and the rule below applies to all of them.

Discovered
1983-06-12
as the register files it
Field class
Oil and gas
the register's own label
Between wells
900 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 2009-10-22.

The Commission's schedule remark for this field reads: ACRES. DOCKET EFFECTIVE 10-22-09.

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
CondensateDisposition113,064 bbl$1,910,581
GasProduction1,316,864 Mcf$329,527
Total$2,240,109

1,182,479 Mcf of this lease's gas, across 29 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 (61)

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

61 months

Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 199950015.102.21$755
Mar 1999183012.471.84$2,282
Feb 19991881,3939.981.82$4,408
Jan 19991911,63610.381.90$5,091
Dec 19981861,3709.201.77$4,141
Nov 19983761,29110.892.19$6,916
Oct 19981761,77412.421.97$5,679
Sep 19983701,88712.592.08$8,588
Aug 19981881,48511.301.91$4,957
Jul 19981762,17211.742.24$6,926
Jun 19983422,05411.242.24$8,439
May 19981822,69212.622.21$8,236
Apr 19983632,71613.042.51$11,538
Mar 199804,24812.802.31$9,811
Feb 19985635,14213.952.30$19,676
Jan 19983429,56214.702.15$25,632
Dec 19975914,44116.322.41$20,353
Nov 19975544,43218.193.09$23,764
Oct 19977577,73019.253.15$38,920
Sep 19975495,00417.742.95$24,525
Aug 19976036,90517.862.55$28,410
Jul 19971,174017.582.25$20,639
Jun 19977476,03517.242.26$26,500
May 19971,3155,55118.972.31$37,760
Apr 19971,31810,07417.882.08$44,548
Mar 19971,35315,95218.951.94$56,573
Feb 19971,15213,23920.492.21$52,808
Jan 19971,50715,60023.483.54$90,604
Dec 19962,27216,29123.32$52,983
Nov 19960021.97$0
Oct 1996083923.31$0
Sep 199601,23522.22$0
Aug 199621,84420.26$41
Jul 19961019.55$20
Jun 199614,84718.73$19
May 19961924,46619.43$3,731
Apr 19963,42648,73521.51$73,693
Mar 19964,19049,03419.38$81,202
Feb 19962,84736,77016.98$48,342
Jan 19962,85543,42517.07$48,735
Dec 19952,44930,25117.19$42,098
Nov 19952,66535,07116.00$42,640
Oct 19952,65837,68715.43$41,013
Sep 19951,68923,84516.18$27,328
Aug 19953,19445,40915.92$50,848
Jul 19952,38632,93415.24$36,363
Jun 19951,62535,13216.41$26,666
May 19953,63440,18617.56$63,813
Apr 19954,85659,29217.73$86,097
Mar 19955,01254,08616.44$82,397
Feb 19954,55055,48216.58$75,439
Jan 19955,82371,98515.92$92,702
Dec 19945,76863,24415.03$86,693
Nov 19946,28766,95015.90$99,963
Oct 19945,56257,45415.58$86,656
Sep 19944,27950,83015.29$65,426
Aug 19948,433110,65616.13$136,024
Jul 19948,95883,71917.56$157,302
Jun 19941,95420,78017.09$33,394

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.

Apr 1999 — as filed, then multipliedworked
Condensate            50 bbl  × $ 15.10 =       $755
Gas                    0 Mcf  × $  2.21 =         $0

────────────────────────────────────────────────────
Month total                                     $755

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/151952 is the state's own key, not one this site invented.