COPE-BODINE

Operated by MERIT ENERGY COMPANY (P-5 561136) in the CONGER, SW (PENN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 153097District 08Field 20101500CondensateGasSaveExport
Value, all time
$400 k
Dec 1994 – May 2010
Value, last 12 filed months
$17 k
at the published price for each month
Months reported
186
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 271 leases and 445 wells, and the rule below applies to all of them.

Discovered
1979-02-21
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1986-07-01.

The Commission's schedule remark for this field reads: OPERATOR REQUEST. TEXACO E & P INC ALLICIANT..

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
CondensateDisposition467 bbl$17,858
GasProduction86,247 Mcf$382,141
Total$399,998

12,627 Mcf of this lease's gas, across 24 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 (186)

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

186 months

May 20101071.124.24$71
Apr 201034981.694.12$447
Mar 2010031478.394.39$1,378
Feb 2010445573.585.44$2,771
Jan 2010644974.365.96$3,124
Dec 2009535971.445.48$2,326
Nov 2009241174.593.75$1,691
Oct 2009029872.544.11$1,225
Sep 2009031465.543.06$962
Aug 2009023167.423.22$743
Jul 2009030361.133.46$1,050
Jun 2009041266.163.90$1,605
May 2009029254.743.93$1,146
Apr 2009066146.773.59$2,371
Mar 20091763742.144.06$3,302
Feb 2009047032.814.63$2,178
Jan 2009030735.865.37$1,649
Dec 2008019737.105.98$1,178
Nov 2008025955.496.86$1,777
Oct 2008030275.246.92$2,090
Sep 20080259101.767.88$2,040
Aug 20080254114.228.48$2,155
Jul 20080387131.0811.39$4,408
Jun 20080469131.3313.03$6,112
May 20080403123.1711.57$4,664
Apr 20080436110.3110.45$4,558
Mar 20080515101.909.66$4,977
Feb 2008048892.538.77$4,280
Jan 2008061090.388.21$5,006
Dec 2007035288.337.30$2,570
Nov 20070091.677.29$0
Oct 2007035882.856.92$2,478
Sep 2007036375.846.24$2,267
Aug 20073339469.066.39$4,796
Jul 2007042370.906.39$2,702
Jun 2007038562.007.55$2,906
May 2007044558.747.85$3,492
Apr 2007041959.617.81$3,270
Mar 2007050256.927.30$3,666
Feb 2007044255.108.22$3,631
Jan 2007055050.306.73$3,700
Dec 2006055956.656.92$3,867
Nov 2006050354.207.62$3,832
Oct 2006044254.906.01$2,658
Sep 2006047760.085.04$2,403
Aug 2006046968.717.34$3,442
Jul 20063441469.376.34$4,984
Jun 2006042066.286.38$2,681
May 2006042466.016.42$2,724
Apr 2006042664.397.36$3,136
Mar 2006044956.707.08$3,180
Feb 2006041957.597.75$3,248
Jan 20063749260.598.93$6,637
Dec 2005048554.9413.42$6,506
Nov 2005037154.6910.59$3,928
Oct 2005039858.3413.80$5,491
Sep 2005045261.4512.08$5,460
Aug 2005044661.519.80$4,369
Jul 2005053155.697.84$4,165
Jun 2005045852.337.38$3,381
May 2005046345.226.65$3,079
Apr 2005043949.207.36$3,231
Mar 2005095050.377.15$6,797
Feb 2005042045.226.31$2,651
Jan 20054346443.166.32$4,789
Dec 2004058239.866.75$3,929
Nov 2004046745.286.33$2,956
Oct 2004042049.706.52$2,736
Sep 2004053943.245.28$2,848
Aug 2004042742.375.55$2,370
Jul 2004045638.286.08$2,774
Jun 2004048636.106.43$3,126
May 20045054537.486.49$5,414
Apr 2004061634.475.86$3,609
Mar 2004079034.365.53$4,369
Feb 2004080232.455.51$4,419
Jan 2004075732.036.30$4,769
Dec 2003084430.266.30$5,319
Nov 2003054328.804.60$2,495
Oct 2003061828.174.76$2,941
Sep 2003079826.314.75$3,790
Aug 2003066829.765.13$3,427
Jul 2003075029.415.17$3,878
Jun 2003094728.565.98$5,666
May 20032649126.595.97$3,624
Apr 2003047826.675.41$2,585
Mar 2003069231.146.10$4,218
Feb 2003056833.487.93$4,502
Jan 2003063330.315.58$3,533
Dec 20021661826.914.85$3,430
Nov 2002057524.664.14$2,379
Oct 20021555026.464.23$2,723
Sep 2002057927.443.64$2,105
Aug 2002057525.963.16$1,819
Jul 2002065824.583.06$2,015
Jun 2002064623.733.34$2,157
May 2002057624.663.58$2,064
Apr 2002023823.653.51$836
Mar 2002036822.003.10$1,142
Feb 2002041218.222.38$979
Jan 2002050317.172.38$1,195
Dec 20011145516.932.36$1,262
Nov 20012542218.072.41$1,467
Oct 2001047119.782.53$1,191
Sep 2001049224.262.25$1,108
Aug 2001046324.873.05$1,414
Jul 2001050423.933.20$1,611
Jun 2001053824.563.82$2,057
May 2001039925.524.31$1,719
Apr 2001845424.685.34$2,620
Mar 2001048724.545.38$2,618
Feb 2001058927.755.77$3,397
Jan 2001043727.478.40$3,670
Dec 2000040026.889.12$3,649
Nov 20001334332.215.66$2,359
Oct 2000040731.235.15$2,094
Sep 2000041431.875.19$2,147
Aug 2000041529.644.54$1,884
Jul 2000041528.534.09$1,697
Jun 2000052829.304.40$2,322
May 2000051627.263.68$1,899
Apr 2000042624.513.12$1,327
Mar 20001834928.422.86$1,510
Feb 2000040027.622.73$1,091
Jan 2000042325.272.48$1,049
Dec 1999044824.282.42$1,086
Nov 1999035723.192.43$869
Oct 1999049320.982.80$1,382
Sep 1999044921.752.62$1,176
Aug 1999043219.262.88$1,242
Jul 1999043917.892.37$1,041
Jun 1999845215.942.36$1,195
May 1999043915.792.32$1,019
Apr 1999045315.102.21$1,000
Mar 1999042312.471.84$778
Feb 199903579.981.82$649
Jan 1999047710.381.90$906
Dec 199826579.201.77$1,183
Nov 1998048510.892.19$1,060
Oct 1998028912.421.97$569
Sep 1998325312.592.08$565
Aug 1998021711.301.91$414
Jul 1998035211.742.24$788
Jun 1998045811.242.24$1,025
May 1998046712.622.21$1,030
Apr 1998245913.042.51$1,176
Mar 1998030312.802.31$700
Feb 1998042213.952.30$970
Jan 1998027314.702.15$588
Dec 19971426016.322.41$855
Nov 1997035818.193.09$1,106
Oct 1997048119.253.15$1,515
Sep 19972440217.742.95$1,614
Aug 1997052117.862.55$1,331
Jul 1997049017.582.25$1,101
Jun 19972442217.242.26$1,366
May 1997046918.972.31$1,083
Apr 1997044117.882.08$919
Mar 1997058918.951.94$1,142
Feb 1997136120.492.21$817
Jan 1997046523.483.54$1,646
Dec 1996054023.32$0
Nov 199617621.97$22
Oct 1996059323.31$0
Sep 199628122.22$44
Aug 1996182920.26$20
Jul 199601,18219.55$0
Jun 199601,09118.73$0
May 199601,38119.43$0
Apr 199601,17921.51$0
Mar 1996093119.38$0
Feb 199601,06816.98$0
Jan 1996062417.07$0
Dec 1995019117.19$0
Nov 199504016.00$0
Oct 199505915.43$0
Sep 199503816.18$0
Aug 1995026015.92$0
Jul 1995027115.24$0
Jun 19953016.41$49
May 1995117717.56$18
Apr 1995210317.73$35
Mar 19951220416.44$197
Feb 1995050816.58$0
Jan 1995059415.92$0
Dec 1994060715.03$0

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.

May 2010 — as filed, then multipliedworked
Condensate             1 bbl  × $ 71.12 =        $71
Gas                    0 Mcf  × $  4.24 =         $0

────────────────────────────────────────────────────
Month total                                      $71

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. 08/G/153097 is the state's own key, not one this site invented.