WHEAT MINERAL TRUST

Name: WHEAT MINERAL TRUST lease production and value, Apr 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by ANADARKO E&P ONSHORE LLC (P-5 20528) 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 212598District 06Field 12193500CondensateGasSave Export

Value, all time

$8.3 M

Apr 2005 – Dec 2016

Value, last 12 filed months

at the published price for each month

Months reported

141

no gaps in the span

Streams

condensate, gas

The BROOKELAND (AUSTIN CHALK, 8800) 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 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.

Stream	Basis	Volume	Value
Condensate	Disposition	87,905 bbl	$5,753,661
Gas	Production	358,580 Mcf	$2,510,603
Total			$8,264,264

Every month this lease reported (141)

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

141 months


Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	129	0	32.36	2.00	$4,174
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	1	48.15	2.95	$3
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	206	49.82	2.71	$558
Mar 2015	0	3	42.89	2.93	$9
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	163	54.69	3.59	$585
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	70	78.30	3.90	$273
Sep 2014	0	13	86.16	4.05	$53
Aug 2014	0	99	89.39	4.04	$399
Jul 2014	0	20	96.56	4.18	$84
Jun 2014	0	4	98.16	4.74	$19
May 2014	0	157	94.73	4.73	$742
Apr 2014	0	19	95.94	4.81	$91
Mar 2014	0	28	95.89	5.06	$142
Feb 2014	0	92	97.40	6.19	$570
Jan 2014	0	101	90.40	4.86	$491
Dec 2013	0	62	91.82	4.35	$270
Nov 2013	0	92	88.85	3.74	$344
Oct 2013	0	48	97.42	3.78	$181
Sep 2013	0	33	104.11	3.72	$123
Aug 2013	0	264	104.25	3.52	$930
Jul 2013	0	1,021	102.52	3.72	$3,796
Jun 2013	0	365	94.40	3.93	$1,436
May 2013	0	20	94.83	4.15	$83
Apr 2013	0	80	93.96	4.28	$343
Mar 2013	0	31	93.62	3.91	$121
Feb 2013	0	2	91.23	3.42	$7
Jan 2013	0	19	91.60	3.42	$65
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	9	86.95	3.62	$33
Oct 2012	0	24	89.38	3.40	$82
Sep 2012	0	1,418	94.67	2.92	$4,138
Aug 2012	173	5,898	92.66	2.91	$33,183
Jul 2012	0	5,436	85.13	3.02	$16,421
Jun 2012	0	3,930	79.82	2.52	$9,900
May 2012	0	4,105	91.61	2.49	$10,215
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	3,618	105.05	2.22	$8,039
Feb 2012	0	2,065	101.10	2.57	$5,308
Jan 2012	0	467	98.09	2.73	$1,277
Dec 2011	0	29	96.87	3.24	$94
Nov 2011	0	43	95.72	3.31	$142
Oct 2011	0	89	84.98	3.65	$325
Sep 2011	0	220	83.62	3.99	$877
Aug 2011	355	1,478	83.40	4.15	$35,740
Jul 2011	548	1,142	94.14	4.52	$56,747
Jun 2011	540	868	92.90	4.64	$54,193
May 2011	352	1,842	98.13	4.40	$42,655
Apr 2011	714	1,663	105.96	4.33	$82,862
Mar 2011	744	1,105	96.36	4.06	$76,175
Feb 2011	527	535	85.64	4.18	$47,369
Jan 2011	358	1,212	86.50	4.59	$36,529
Dec 2010	513	1,272	85.73	4.35	$49,510
Nov 2010	717	1,627	80.84	3.80	$64,137
Oct 2010	524	1,098	78.10	3.51	$44,777
Sep 2010	709	1,316	72.63	3.98	$56,732
Aug 2010	366	1,822	73.68	4.42	$35,019
Jul 2010	539	1,910	72.55	4.74	$48,151
Jun 2010	715	1,800	70.36	4.91	$59,146
May 2010	534	4,657	71.12	4.24	$57,702
Apr 2010	704	1,448	81.69	4.12	$63,479
Mar 2010	708	2,221	78.39	4.39	$65,247
Feb 2010	547	1,906	73.58	5.44	$50,621
Jan 2010	718	1,595	74.36	5.96	$62,903
Dec 2009	537	1,411	71.44	5.48	$46,101
Nov 2009	519	1,180	74.59	3.75	$43,139
Oct 2009	714	1,475	72.54	4.11	$57,856
Sep 2009	533	1,584	65.54	3.06	$39,787
Aug 2009	708	1,690	67.42	3.22	$53,173
Jul 2009	709	1,428	61.13	3.46	$48,288
Jun 2009	531	1,299	66.16	3.90	$40,191
May 2009	732	1,852	54.74	3.93	$47,340
Apr 2009	713	1,692	46.77	3.59	$39,417
Mar 2009	710	1,735	42.14	4.06	$36,962
Feb 2009	715	2,776	32.81	4.63	$36,320
Jan 2009	720	1,918	35.86	5.37	$36,121
Dec 2008	535	431	37.10	5.98	$22,425
Nov 2008	183	310	55.49	6.86	$12,281
Oct 2008	709	627	75.24	6.92	$57,685
Sep 2008	551	1,489	101.76	7.88	$67,799
Aug 2008	535	1,401	114.22	8.48	$72,992
Jul 2008	709	743	131.08	11.39	$101,398
Jun 2008	709	1,248	131.33	13.03	$109,378
May 2008	710	1,823	123.17	11.57	$108,551
Apr 2008	1,049	2,693	110.31	10.45	$143,870
Mar 2008	365	986	101.90	9.66	$46,722
Feb 2008	717	1,864	92.53	8.77	$82,692
Jan 2008	885	2,650	90.38	8.21	$101,731
Dec 2007	1,086	3,589	88.33	7.30	$122,133
Nov 2007	893	3,086	91.67	7.29	$104,364
Oct 2007	890	3,605	82.85	6.92	$98,690
Sep 2007	984	3,317	75.84	6.24	$95,338
Aug 2007	1,052	3,062	69.06	6.39	$92,211
Jul 2007	1,220	4,125	70.90	6.39	$112,848
Jun 2007	1,049	4,962	62.00	7.55	$102,493
May 2007	1,442	5,157	58.74	7.85	$125,166
Apr 2007	923	4,431	59.61	7.81	$89,605
Mar 2007	1,227	2,446	56.92	7.30	$87,701
Feb 2007	1,286	8,524	55.10	8.22	$140,892
Jan 2007	1,422	6,710	50.30	6.73	$116,664
Dec 2006	1,630	8,103	56.65	6.92	$148,400
Nov 2006	1,113	9,865	54.20	7.62	$135,471
Oct 2006	1,625	8,176	54.90	6.01	$138,381
Sep 2006	1,422	10,585	60.08	5.04	$138,753
Aug 2006	1,444	8,760	68.71	7.34	$163,515
Jul 2006	1,419	10,399	69.37	6.34	$164,394
Jun 2006	1,925	9,907	66.28	6.38	$190,834
May 2006	1,928	6,591	66.01	6.42	$169,614
Apr 2006	1,803	8,136	64.39	7.36	$175,980
Mar 2006	1,270	1,883	56.70	7.08	$85,346
Feb 2006	1,838	5,963	57.59	7.75	$152,070
Jan 2006	1,984	9,322	60.59	8.93	$203,487
Dec 2005	2,153	8,570	54.94	13.42	$233,256
Nov 2005	1,802	6,218	54.69	10.59	$164,390
Oct 2005	2,315	8,509	58.34	13.80	$252,445
Sep 2005	2,490	9,473	61.45	12.08	$267,435
Aug 2005	2,456	9,056	61.51	9.80	$239,789
Jul 2005	2,249	8,586	55.69	7.84	$192,592
Jun 2005	3,230	11,394	52.33	7.38	$253,125
May 2005	5,008	17,458	45.22	6.65	$342,578
Apr 2005	6,095	29,426	49.20	7.36	$516,463

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.

Dec 2015 — as filed, then multipliedworked

Condensate           129 bbl  × $ 32.36 =     $4,174
Gas                    0 Mcf  × $  2.00 =         $0

────────────────────────────────────────────────────
Month total                                   $4,174

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/212598 is the state's own key, not one this site invented.