GSU UNIT A-905

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.

Oil lease lease 13896District 06Field 12193500OilCasinghead gasSaveExport
Value, all time
$7 k
Mar 1999 – Nov 2000
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
21
no gaps in the span
Streams
2
oil, casinghead 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
OilDisposition170 bbl$4,592
Casinghead gasProduction891 Mcf$2,316
Total$6,908

Every month this lease reported (21)

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

21 months

Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 2000132028.534.09$3,766
Jun 20000029.304.40$0
May 200006227.263.68$228
Apr 200005124.513.12$159
Mar 200006528.422.86$186
Feb 200006627.622.73$180
Jan 2000010325.272.48$255
Dec 1999010424.282.42$252
Nov 1999015723.192.43$382
Oct 199904520.982.80$126
Sep 1999384521.752.62$944
Aug 199902519.262.88$72
Jul 19990017.892.37$0
Jun 19990215.942.36$5
May 199902815.792.32$65
Apr 199909115.102.21$201
Mar 199904712.471.84$86

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 2000 — as filed, then multipliedworked
Oil                  132 bbl  × $ 28.53 =     $3,766
Casinghead gas         0 Mcf  × $  4.09 =         $0

────────────────────────────────────────────────────
Month total                                   $3,766

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/13896 is the state's own key, not one this site invented.