CARTER, W. T. & BROS.

Name: CARTER, W. T. & BROS. lease production and value, Jul 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by GEOSOUTHERN ENERGY CORPORATION (P-5 301287) 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.

Oil lease lease 13340District 06Field 12193500OilCasinghead gasSave Export

Value, all time

$213 k

Jul 1994 – Jun 2007

Value, last 12 filed months

$9 k

at the published price for each month

Months reported

156

no gaps in the span

Streams

oil, casinghead 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
Oil	Disposition	9,069 bbl	$199,260
Casinghead gas	Production	9,456 Mcf	$13,747
Total			$213,007

5,305 Mcf of this lease's gas, across 28 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 (156)

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

156 months


Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	155	0	55.10	8.22	$8,541
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	189	0	66.01	6.42	$12,476
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	167	0	52.33	7.38	$8,739
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	169	0	50.37	7.15	$8,513
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	184	0	43.24	5.28	$7,956
Aug 2004	0	15	42.37	5.55	$83
Jul 2004	0	26	38.28	6.08	$158
Jun 2004	0	20	36.10	6.43	$129
May 2004	0	28	37.48	6.49	$182
Apr 2004	173	23	34.47	5.86	$6,098
Mar 2004	0	33	34.36	5.53	$182
Feb 2004	0	39	32.45	5.51	$215
Jan 2004	0	32	32.03	6.30	$202
Dec 2003	0	39	30.26	6.30	$246
Nov 2003	162	16	28.80	4.60	$4,739
Oct 2003	0	43	28.17	4.76	$205
Sep 2003	0	65	26.31	4.75	$309
Aug 2003	169	2	29.76	5.13	$5,040
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	45	28.56	5.98	$269
May 2003	0	35	26.59	5.97	$209
Apr 2003	0	45	26.67	5.41	$243
Mar 2003	0	39	31.14	6.10	$238
Feb 2003	0	55	33.48	7.93	$436
Jan 2003	0	22	30.31	5.58	$123
Dec 2002	0	57	26.91	4.85	$277
Nov 2002	150	23	24.66	4.14	$3,794
Oct 2002	0	28	26.46	4.23	$118
Sep 2002	0	17	27.44	3.64	$62
Aug 2002	0	31	25.96	3.16	$98
Jul 2002	0	51	24.58	3.06	$156
Jun 2002	171	0	23.73	3.34	$4,058
May 2002	0	37	24.66	3.58	$133
Apr 2002	0	30	23.65	3.51	$105
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	34	18.22	2.38	$81
Jan 2002	0	40	17.17	2.38	$95
Dec 2001	181	0	16.93	2.36	$3,064
Nov 2001	0	24	18.07	2.41	$58
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	8	23.93	3.20	$26
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	1	25.52	4.31	$4
Apr 2001	0	16	24.68	5.34	$85
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	15	27.75	5.77	$87
Jan 2001	0	22	27.47	8.40	$185
Dec 2000	0	41	26.88	9.12	$374
Nov 2000	0	66	32.21	5.66	$373
Oct 2000	168	17	31.23	5.15	$5,334
Sep 2000	0	76	31.87	5.19	$394
Aug 2000	0	51	29.64	4.54	$232
Jul 2000	142	34	28.53	4.09	$4,190
Jun 2000	0	70	29.30	4.40	$308
May 2000	157	71	27.26	3.68	$4,541
Apr 2000	0	40	24.51	3.12	$125
Mar 2000	0	153	28.42	2.86	$438
Feb 2000	175	99	27.62	2.73	$5,103
Jan 2000	180	115	25.27	2.48	$4,834
Dec 1999	0	104	24.28	2.42	$252
Nov 1999	0	48	23.19	2.43	$117
Oct 1999	168	40	20.98	2.80	$3,637
Sep 1999	0	35	21.75	2.62	$92
Aug 1999	0	66	19.26	2.88	$190
Jul 1999	172	58	17.89	2.37	$3,215
Jun 1999	0	118	15.94	2.36	$279
May 1999	0	44	15.79	2.32	$102
Apr 1999	165	123	15.10	2.21	$2,763
Mar 1999	0	43	12.47	1.84	$79
Feb 1999	179	91	9.98	1.82	$1,952
Jan 1999	0	70	10.38	1.90	$133
Dec 1998	177	67	9.20	1.77	$1,747
Nov 1998	0	80	10.89	2.19	$175
Oct 1998	0	70	12.42	1.97	$138
Sep 1998	172	65	12.59	2.08	$2,301
Aug 1998	174	86	11.30	1.91	$2,130
Jul 1998	0	85	11.74	2.24	$190
Jun 1998	0	41	11.24	2.24	$92
May 1998	170	68	12.62	2.21	$2,295
Apr 1998	0	72	13.04	2.51	$180
Mar 1998	179	22	12.80	2.31	$2,342
Feb 1998	158	201	13.95	2.30	$2,666
Jan 1998	0	197	14.70	2.15	$424
Dec 1997	0	0	16.32	2.41	$0
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	0	0	19.25	3.15	$0
Sep 1997	168	0	17.74	2.95	$2,980
Aug 1997	556	163	17.86	2.55	$10,347
Jul 1997	0	57	17.58	2.25	$128
Jun 1997	0	0	17.24	2.26	$0
May 1997	0	20	18.97	2.31	$46
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	0	11	18.95	1.94	$21
Feb 1997	0	65	20.49	2.21	$143
Jan 1997	0	52	23.48	3.54	$184
Dec 1996	0	108	23.32	—	$0
Nov 1996	0	58	21.97	—	$0
Oct 1996	0	0	23.31	—	$0
Sep 1996	0	30	22.22	—	$0
Aug 1996	358	43	20.26	—	$7,253
Jul 1996	0	45	19.55	—	$0
Jun 1996	536	55	18.73	—	$10,039
May 1996	50	55	19.43	—	$972
Apr 1996	0	55	21.51	—	$0
Mar 1996	0	106	19.38	—	$0
Feb 1996	0	0	16.98	—	$0
Jan 1996	182	148	17.07	—	$3,107
Dec 1995	0	205	17.19	—	$0
Nov 1995	0	38	16.00	—	$0
Oct 1995	181	214	15.43	—	$2,793
Sep 1995	0	194	16.18	—	$0
Aug 1995	365	564	15.92	—	$5,811
Jul 1995	0	245	15.24	—	$0
Jun 1995	0	45	16.41	—	$0
May 1995	0	81	17.56	—	$0
Apr 1995	0	197	17.73	—	$0
Mar 1995	340	301	16.44	—	$5,590
Feb 1995	366	253	16.58	—	$6,068
Jan 1995	0	168	15.92	—	$0
Dec 1994	340	224	15.03	—	$5,110
Nov 1994	0	334	15.90	—	$0
Oct 1994	0	92	15.58	—	$0
Sep 1994	0	427	15.29	—	$0
Aug 1994	544	596	16.13	—	$8,775
Jul 1994	677	424	17.56	—	$11,888

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.

Feb 2007 — as filed, then multipliedworked

Oil                  155 bbl  × $ 55.10 =     $8,541
Casinghead gas         0 Mcf  × $  8.22 =         $0

────────────────────────────────────────────────────
Month total                                   $8,541

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/O/13340 is the state's own key, not one this site invented.