STATE -KJ-

Name: STATE -KJ- lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by RING ENERGY, INC. (P-5 712382) in the UNIVERSITY WADDELL (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 13859District 08Field 92618125Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$1.7 M

Jan 1993 – Oct 2023

Value, last 12 filed months

at the published price for each month

Months reported

370

no gaps in the span

Streams

oil, casinghead gas

The UNIVERSITY WADDELL (DEVONIAN) 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 17 leases and 259 wells, and the rule below applies to all of them.

Discovered

1949-05-03

as the register files it

Field class

Oil

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 2025-08-19.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “THIS IS A UFT FIELD”

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	61,448 bbl	$1,525,135
Casinghead gas	Production	64,230 Mcf	$206,622
Total			$1,731,756

21,703 Mcf of this lease's gas, across 48 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.

Wells on this lease (4)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 31.5133, -102.4625. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

31.51293, -102.46216 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

4 of 4 wells

With a plug date

100.0%

4 of 4 wells

Median depth

9,295 ft

4 wells filed one

Completion to plug

41.3 years

median over 4 wells

What the state filed about each well

On the RRC proration schedule

4100.0%

A plug date is filed

4100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

4100.0%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

Between 3,340 and 9,510 ft, median 9,295 ft, over the 4 wells that filed a depth.

Completions filed

Jul 1959 – Mar 1991

4 of 4 wells

Plug dates filed

Aug 1990 – Sep 2023

4 of 4 wells

Last completion to plug: a median of 41.3 years across the 4 wells that filed both dates, with the middle half between 30.1 years and 54.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells


42-10310089	3	9,320 ft	Mar 1991	Jun 2021	Yes
42-10310015	6W	9,270 ft	May 1971	Sep 2023	Yes
42-10300305	6	3,340 ft	Dec 1960	Aug 1990	Yes
42-10302549	1	9,510 ft	Jul 1959	Nov 2019	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (370)

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

370 months


Oct 2023	0	0	85.44	3.09	$0
Sep 2023	0	0	89.04	2.74	$0
Aug 2023	0	0	80.52	2.67	$0
Jul 2023	0	0	74.85	2.64	$0
Jun 2023	0	0	68.96	2.26	$0
May 2023	0	0	70.62	2.23	$0
Apr 2023	0	0	78.12	2.24	$0
Mar 2023	0	0	72.85	2.39	$0
Feb 2023	0	0	75.11	2.47	$0
Jan 2023	0	0	76.53	3.39	$0
Dec 2022	0	0	76.41	5.73	$0
Nov 2022	0	0	85.00	5.65	$0
Oct 2022	0	0	87.18	5.86	$0
Sep 2022	0	0	84.88	8.16	$0
Aug 2022	0	0	94.52	9.13	$0
Jul 2022	0	0	101.58	7.54	$0
Jun 2022	0	0	115.09	7.98	$0
May 2022	0	0	109.37	8.43	$0
Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
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	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	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
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	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	5	0	123.17	11.57	$616
Apr 2008	54	197	110.31	10.45	$8,016
Mar 2008	80	189	101.90	9.66	$9,979
Feb 2008	79	196	92.53	8.77	$9,029
Jan 2008	64	241	90.38	8.21	$7,762
Dec 2007	92	240	88.33	7.30	$9,879
Nov 2007	81	232	91.67	7.29	$9,117
Oct 2007	100	256	82.85	6.92	$10,057
Sep 2007	94	237	75.84	6.24	$8,609
Aug 2007	118	238	69.06	6.39	$9,669
Jul 2007	96	252	70.90	6.39	$8,416
Jun 2007	78	170	62.00	7.55	$6,119
May 2007	115	267	58.74	7.85	$8,850
Apr 2007	84	250	59.61	7.81	$6,959
Mar 2007	103	251	56.92	7.30	$7,696
Feb 2007	165	231	55.10	8.22	$10,989
Jan 2007	201	268	50.30	6.73	$11,913
Dec 2006	121	260	56.65	6.92	$8,653
Nov 2006	88	278	54.20	7.62	$6,887
Oct 2006	82	266	54.90	6.01	$6,101
Sep 2006	98	256	60.08	5.04	$7,177
Aug 2006	213	295	68.71	7.34	$16,801
Jul 2006	208	342	69.37	6.34	$16,598
Jun 2006	211	319	66.28	6.38	$16,022
May 2006	226	287	66.01	6.42	$16,762
Apr 2006	283	267	64.39	7.36	$20,188
Mar 2006	279	328	56.70	7.08	$18,143
Feb 2006	210	244	57.59	7.75	$13,985
Jan 2006	241	220	60.59	8.93	$16,568
Dec 2005	263	281	54.94	13.42	$18,219
Nov 2005	227	322	54.69	10.59	$15,824
Oct 2005	257	336	58.34	13.80	$19,629
Sep 2005	231	289	61.45	12.08	$17,686
Aug 2005	248	325	61.51	9.80	$18,438
Jul 2005	263	404	55.69	7.84	$17,815
Jun 2005	250	370	52.33	7.38	$15,813
May 2005	240	329	45.22	6.65	$13,041
Apr 2005	231	350	49.20	7.36	$13,941
Mar 2005	264	337	50.37	7.15	$15,709
Feb 2005	275	352	45.22	6.31	$14,657
Jan 2005	324	380	43.16	6.32	$16,386
Dec 2004	326	404	39.86	6.75	$15,722
Nov 2004	362	341	45.28	6.33	$18,550
Oct 2004	327	357	49.70	6.52	$18,578
Sep 2004	324	372	43.24	5.28	$15,975
Aug 2004	356	435	42.37	5.55	$17,498
Jul 2004	309	358	38.28	6.08	$14,007
Jun 2004	214	251	36.10	6.43	$9,340
May 2004	261	326	37.48	6.49	$11,900
Apr 2004	259	337	34.47	5.86	$10,902
Mar 2004	268	285	34.36	5.53	$10,785
Feb 2004	291	299	32.45	5.51	$11,090
Jan 2004	328	303	32.03	6.30	$12,415
Dec 2003	285	301	30.26	6.30	$10,521
Nov 2003	264	267	28.80	4.60	$8,830
Oct 2003	271	254	28.17	4.76	$8,843
Sep 2003	253	285	26.31	4.75	$8,010
Aug 2003	253	302	29.76	5.13	$9,078
Jul 2003	236	313	29.41	5.17	$8,559
Jun 2003	294	288	28.56	5.98	$10,120
May 2003	260	292	26.59	5.97	$8,657
Apr 2003	251	337	26.67	5.41	$8,516
Mar 2003	271	319	31.14	6.10	$10,384
Feb 2003	245	279	33.48	7.93	$10,414
Jan 2003	253	290	30.31	5.58	$9,287
Dec 2002	246	236	26.91	4.85	$7,765
Nov 2002	257	236	24.66	4.14	$7,314
Oct 2002	188	236	26.46	4.23	$5,973
Sep 2002	186	278	27.44	3.64	$6,114
Aug 2002	138	230	25.96	3.16	$4,310
Jul 2002	123	209	24.58	3.06	$3,663
Jun 2002	166	289	23.73	3.34	$4,904
May 2002	321	395	24.66	3.58	$9,332
Apr 2002	343	396	23.65	3.51	$9,503
Mar 2002	295	261	22.00	3.10	$7,300
Feb 2002	303	249	18.22	2.38	$6,112
Jan 2002	290	296	17.17	2.38	$5,683
Dec 2001	335	304	16.93	2.36	$6,390
Nov 2001	230	199	18.07	2.41	$4,635
Oct 2001	323	331	19.78	2.53	$7,226
Sep 2001	313	357	24.26	2.25	$8,397
Aug 2001	319	375	24.87	3.05	$9,078
Jul 2001	281	364	23.93	3.20	$7,888
Jun 2001	242	361	24.56	3.82	$7,324
May 2001	283	227	25.52	4.31	$8,200
Apr 2001	187	245	24.68	5.34	$5,922
Mar 2001	253	301	24.54	5.38	$7,827
Feb 2001	93	136	27.75	5.77	$3,365
Jan 2001	234	373	27.47	8.40	$9,561
Dec 2000	390	445	26.88	9.12	$14,543
Nov 2000	428	381	32.21	5.66	$15,942
Oct 2000	411	238	31.23	5.15	$14,060
Sep 2000	290	253	31.87	5.19	$10,554
Aug 2000	278	261	29.64	4.54	$9,425
Jul 2000	381	340	28.53	4.09	$12,260
Jun 2000	418	300	29.30	4.40	$13,567
May 2000	469	280	27.26	3.68	$13,815
Apr 2000	357	382	24.51	3.12	$9,940
Mar 2000	292	380	28.42	2.86	$9,385
Feb 2000	242	296	27.62	2.73	$7,491
Jan 2000	198	168	25.27	2.48	$5,420
Dec 1999	369	279	24.28	2.42	$9,636
Nov 1999	331	413	23.19	2.43	$8,681
Oct 1999	335	385	20.98	2.80	$8,108
Sep 1999	256	372	21.75	2.62	$6,542
Aug 1999	274	437	19.26	2.88	$6,534
Jul 1999	400	458	17.89	2.37	$8,243
Jun 1999	346	420	15.94	2.36	$6,507
May 1999	300	204	15.79	2.32	$5,210
Apr 1999	273	204	15.10	2.21	$4,573
Mar 1999	357	284	12.47	1.84	$4,974
Feb 1999	324	287	9.98	1.82	$3,755
Jan 1999	329	198	10.38	1.90	$3,791
Dec 1998	301	250	9.20	1.77	$3,213
Nov 1998	420	232	10.89	2.19	$5,081
Oct 1998	469	272	12.42	1.97	$6,361
Sep 1998	393	292	12.59	2.08	$5,556
Aug 1998	362	298	11.30	1.91	$4,659
Jul 1998	395	350	11.74	2.24	$5,420
Jun 1998	412	449	11.24	2.24	$5,635
May 1998	273	345	12.62	2.21	$4,206
Apr 1998	254	290	13.04	2.51	$4,039
Mar 1998	221	460	12.80	2.31	$3,891
Feb 1998	196	410	13.95	2.30	$3,677
Jan 1998	422	500	14.70	2.15	$7,281
Dec 1997	462	455	16.32	2.41	$8,637
Nov 1997	403	440	18.19	3.09	$8,689
Oct 1997	442	519	19.25	3.15	$10,143
Sep 1997	324	415	17.74	2.95	$6,974
Aug 1997	421	484	17.86	2.55	$8,756
Jul 1997	406	490	17.58	2.25	$8,238
Jun 1997	375	428	17.24	2.26	$7,431
May 1997	456	310	18.97	2.31	$9,366
Apr 1997	394	424	17.88	2.08	$7,928
Mar 1997	366	388	18.95	1.94	$7,688
Feb 1997	339	316	20.49	2.21	$7,643
Jan 1997	551	414	23.48	3.54	$14,403
Dec 1996	380	355	23.32	—	$8,862
Nov 1996	369	444	21.97	—	$8,107
Oct 1996	355	392	23.31	—	$8,275
Sep 1996	315	303	22.22	—	$6,999
Aug 1996	307	214	20.26	—	$6,220
Jul 1996	370	257	19.55	—	$7,234
Jun 1996	355	426	18.73	—	$6,649
May 1996	314	381	19.43	—	$6,101
Apr 1996	354	335	21.51	—	$7,615
Mar 1996	396	428	19.38	—	$7,674
Feb 1996	408	456	16.98	—	$6,928
Jan 1996	390	384	17.07	—	$6,657
Dec 1995	411	340	17.19	—	$7,065
Nov 1995	387	339	16.00	—	$6,192
Oct 1995	431	417	15.43	—	$6,650
Sep 1995	608	525	16.18	—	$9,837
Aug 1995	501	561	15.92	—	$7,976
Jul 1995	393	414	15.24	—	$5,989
Jun 1995	443	427	16.41	—	$7,270
May 1995	574	581	17.56	—	$10,079
Apr 1995	441	547	17.73	—	$7,819
Mar 1995	576	438	16.44	—	$9,469
Feb 1995	433	441	16.58	—	$7,179
Jan 1995	361	283	15.92	—	$5,747
Dec 1994	578	536	15.03	—	$8,687
Nov 1994	457	377	15.90	—	$7,266
Oct 1994	514	494	15.58	—	$8,008
Sep 1994	498	600	15.29	—	$7,614
Aug 1994	445	590	16.13	—	$7,178
Jul 1994	491	649	17.56	—	$8,622
Jun 1994	421	600	17.09	—	$7,195
May 1994	412	734	15.88	—	$6,543
Apr 1994	569	575	14.14	—	$8,046
Mar 1994	737	2,509	12.46	—	$9,183
Feb 1994	606	748	12.50	—	$7,575
Jan 1994	608	651	12.66	—	$7,697
Dec 1993	851	998	12.33	—	$10,493
Nov 1993	923	612	14.49	—	$13,374
Oct 1993	719	332	15.85	—	$11,396
Sep 1993	886	201	15.03	—	$13,317
Aug 1993	687	4	15.66	—	$10,758
Jul 1993	733	4	15.46	—	$11,332
Jun 1993	737	3	16.79	—	$12,374
May 1993	671	68	17.68	—	$11,863
Apr 1993	818	3	18.05	—	$14,765
Mar 1993	353	131	18.14	—	$6,403
Feb 1993	417	225	17.90	—	$7,464
Jan 1993	688	371	16.93	—	$11,648

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 2008 — as filed, then multipliedworked

Oil                    5 bbl  × $123.17 =       $616
Casinghead gas         0 Mcf  × $ 11.57 =         $0

────────────────────────────────────────────────────
Month total                                     $616

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/O/13859 is the state's own key, not one this site invented.