FAIRWAY/JAMES LIME/UNIT

Name: FAIRWAY/JAMES LIME/UNIT lease production and value, Nov 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by VANGUARD OPERATING, LLC (P-5 881585) in the FAIRWAY (JAMES LIME) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 218946District 06Field 30035200CondensateGasSave Export

Value, all time

$3.0 M

Nov 2005 – Dec 2015

Value, last 12 filed months

$22 k

at the published price for each month

Months reported

122

no gaps in the span

Streams

condensate, gas

The FAIRWAY (JAMES LIME) 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 41 leases and 271 wells, and the rule below applies to all of them.

Discovered

1960-07-10

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1965-09-23.

The Commission's schedule remark for this field reads: “REQUIRED.”

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	140 bbl	$13,560
Gas	Production	508,998 Mcf	$2,954,959
Total			$2,968,519

Every month this lease reported (122)

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

122 months


Dec 2015	0	0	32.36	2.00	$0
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	862	48.15	2.95	$2,539
Jun 2015	0	1,028	56.15	2.88	$2,964
May 2015	0	1,098	55.21	2.96	$3,245
Apr 2015	0	1,250	49.82	2.71	$3,383
Mar 2015	0	1,649	42.89	2.93	$4,839
Feb 2015	0	1,213	44.66	2.98	$3,610
Jan 2015	0	363	43.43	3.10	$1,126
Dec 2014	0	122	54.69	3.59	$438
Nov 2014	0	1,015	70.46	4.25	$4,316
Oct 2014	0	213	78.30	3.90	$831
Sep 2014	0	3,938	86.16	4.05	$15,931
Aug 2014	0	4,759	89.39	4.04	$19,203
Jul 2014	0	3,823	96.56	4.18	$15,979
Jun 2014	0	4,443	98.16	4.74	$21,046
May 2014	0	4,610	94.73	4.73	$21,789
Apr 2014	0	4,158	95.94	4.81	$19,996
Mar 2014	0	3,980	95.89	5.06	$20,126
Feb 2014	0	3,489	97.40	6.19	$21,604
Jan 2014	0	4,088	90.40	4.86	$19,871
Dec 2013	0	3,803	91.82	4.35	$16,560
Nov 2013	0	4,336	88.85	3.74	$16,209
Oct 2013	0	3,077	97.42	3.78	$11,629
Sep 2013	0	3,384	104.11	3.72	$12,581
Aug 2013	0	4,904	104.25	3.52	$17,275
Jul 2013	0	5,241	102.52	3.72	$19,485
Jun 2013	0	10,133	94.40	3.93	$39,857
May 2013	0	8,106	94.83	4.15	$33,632
Apr 2013	0	5,866	93.96	4.28	$25,122
Mar 2013	0	4,716	93.62	3.91	$18,453
Feb 2013	0	5,128	91.23	3.42	$17,537
Jan 2013	0	4,591	91.60	3.42	$15,701
Dec 2012	0	24,426	86.77	3.42	$83,541
Nov 2012	0	1,207	86.95	3.62	$4,375
Oct 2012	0	919	89.38	3.40	$3,124
Sep 2012	0	1,122	94.67	2.92	$3,274
Aug 2012	0	417	92.66	2.91	$1,213
Jul 2012	0	3,745	85.13	3.02	$11,313
Jun 2012	0	1,012	79.82	2.52	$2,549
May 2012	0	583	91.61	2.49	$1,451
Apr 2012	0	1,130	101.65	2.00	$2,256
Mar 2012	0	2,658	105.05	2.22	$5,906
Feb 2012	0	882	101.10	2.57	$2,267
Jan 2012	0	89	98.09	2.73	$243
Dec 2011	0	903	96.87	3.24	$2,925
Nov 2011	0	595	95.72	3.31	$1,970
Oct 2011	0	1,256	84.98	3.65	$4,583
Sep 2011	0	2,542	83.62	3.99	$10,132
Aug 2011	3	3,133	83.40	4.15	$13,250
Jul 2011	31	7,927	94.14	4.52	$38,727
Jun 2011	26	3,985	92.90	4.64	$20,905
May 2011	28	5,574	98.13	4.40	$27,300
Apr 2011	26	5,377	105.96	4.33	$26,055
Mar 2011	23	5,569	96.36	4.06	$24,812
Feb 2011	3	5,083	85.64	4.18	$21,504
Jan 2011	0	5,325	86.50	4.59	$24,435
Dec 2010	0	6,699	85.73	4.35	$29,126
Nov 2010	0	9,916	80.84	3.80	$37,634
Oct 2010	0	8,555	78.10	3.51	$30,019
Sep 2010	0	8,252	72.63	3.98	$32,839
Aug 2010	0	9,254	73.68	4.42	$40,897
Jul 2010	0	9,088	72.55	4.74	$43,045
Jun 2010	0	7,630	70.36	4.91	$37,466
May 2010	0	6,854	71.12	4.24	$29,028
Apr 2010	0	3,436	81.69	4.12	$14,166
Mar 2010	0	724	78.39	4.39	$3,177
Feb 2010	0	2	73.58	5.44	$11
Jan 2010	0	59	74.36	5.96	$352
Dec 2009	0	32	71.44	5.48	$175
Nov 2009	0	2,344	74.59	3.75	$8,794
Oct 2009	0	2,938	72.54	4.11	$12,076
Sep 2009	0	133	65.54	3.06	$408
Aug 2009	0	1,109	67.42	3.22	$3,569
Jul 2009	0	1,018	61.13	3.46	$3,527
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	824	32.81	4.63	$3,818
Jan 2009	0	1,158	35.86	5.37	$6,220
Dec 2008	0	923	37.10	5.98	$5,517
Nov 2008	0	1,916	55.49	6.86	$13,144
Oct 2008	0	1,044	75.24	6.92	$7,227
Sep 2008	0	9	101.76	7.88	$71
Aug 2008	0	32	114.22	8.48	$271
Jul 2008	0	30	131.08	11.39	$342
Jun 2008	0	32	131.33	13.03	$417
May 2008	0	38	123.17	11.57	$440
Apr 2008	0	37	110.31	10.45	$387
Mar 2008	0	38	101.90	9.66	$367
Feb 2008	0	35	92.53	8.77	$307
Jan 2008	0	37	90.38	8.21	$304
Dec 2007	0	37	88.33	7.30	$270
Nov 2007	0	36	91.67	7.29	$263
Oct 2007	0	1,137	82.85	6.92	$7,870
Sep 2007	0	1,139	75.84	6.24	$7,112
Aug 2007	0	389	69.06	6.39	$2,485
Jul 2007	0	6,790	70.90	6.39	$43,374
Jun 2007	0	9,710	62.00	7.55	$73,295
May 2007	0	7,570	58.74	7.85	$59,396
Apr 2007	0	9,820	59.61	7.81	$76,647
Mar 2007	0	9,111	56.92	7.30	$66,528
Feb 2007	0	8,587	55.10	8.22	$70,551
Jan 2007	0	7,649	50.30	6.73	$51,454
Dec 2006	0	7,850	56.65	6.92	$54,310
Nov 2006	0	8,050	54.20	7.62	$61,321
Oct 2006	0	9,918	54.90	6.01	$59,645
Sep 2006	0	9,248	60.08	5.04	$46,584
Aug 2006	0	10,668	68.71	7.34	$78,302
Jul 2006	0	11,938	69.37	6.34	$75,720
Jun 2006	0	13,936	66.28	6.38	$88,966
May 2006	0	13,453	66.01	6.42	$86,436
Apr 2006	0	11,912	64.39	7.36	$87,678
Mar 2006	0	12,720	56.70	7.08	$90,095
Feb 2006	0	13,538	57.59	7.75	$104,935
Jan 2006	0	16,222	60.59	8.93	$144,916
Dec 2005	0	27,649	54.94	13.42	$370,922
Nov 2005	0	880	54.69	10.59	$9,318

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 2015 — as filed, then multipliedworked

Condensate             0 bbl  × $ 48.15 =         $0
Gas                  862 Mcf  × $  2.95 =     $2,539

────────────────────────────────────────────────────
Month total                                   $2,539

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/218946 is the state's own key, not one this site invented.