MIDLAND FARMS AK -A-

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

Operated by OCCIDENTAL PERMIAN LTD. (P-5 617544) in the INEZ (ELLENBURGER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 16235District 08Field 44521498Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$22.1 M

Jan 1993 – Oct 2019

Value, last 12 filed months

$420 k

at the published price for each month

Months reported

322

no gaps in the span

Streams

oil, casinghead gas

The INEZ (ELLENBURGER) 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 8 leases and 28 wells, and the rule below applies to all of them.

Discovered

1961-06-11

as the register files it

Field class

Oil

the register's own label

Between wells

1,400 ft

minimum

From a lease line

550 ft

minimum

A drilling unit in this field needs at least 80 acres.

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: “EFF 05/21/2019”

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	365,008 bbl	$21,254,663
Casinghead gas	Production	231,802 Mcf	$863,450
Total			$22,118,113

68,193 Mcf of this lease's gas, across 38 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 (12)

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 32.1481, -102.3944. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.2 miles.

32.14664, -102.39499 · 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%

12 of 12 wells

With a plug date

58.3%

7 of 12 wells

Median depth

12,595 ft

11 wells filed one

Completion to plug

16.3 years

median over 6 wells

What the state filed about each well

On the RRC proration schedule

12100.0%

A plug date is filed

758.3%

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

758.3%

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

Total depth in feet, 11 of 12 wells. Median 12,595 ft, with the middle half between 12,523 and 12,699 ft; the shallowest is 12,461 ft and the deepest 12,835 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 10 of 12 wells, Oct 1975 – May 2022. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Oct 1975 – May 2022

10 of 12 wells; 2 filed none

Plug dates filed

Sep 1983 – May 2025

7 of 12 wells; 5 filed none

Last completion to plug: a median of 16.3 years across the 6 wells that filed both dates, with the middle half between 3.2 years and 30.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

12 wells


42-00304305	193 L	12,595 ft	—	Sep 1983	Yes
42-00310315	194 L	—	—	—	Yes
42-00330607	206	12,717 ft	May 2022	Apr 2024	Yes
42-00331085	208	12,610 ft	Jul 2014	—	Yes
42-00310164	201 L	12,480 ft	Jan 2003	—	Yes
42-00304308	197	12,594 ft	Sep 1989	Jun 2018	Yes
42-00304309	198	12,461 ft	Sep 1989	—	Yes
42-00304306	195	12,469 ft	Jul 1989	Apr 2020	Yes
42-00304307	196	12,566 ft	Jun 1987	—	Yes
42-00310178	200 L	12,835 ft	Nov 1986	Oct 1989	Yes
42-00310144	203	12,756 ft	Aug 1984	Jun 1988	Yes
42-00330725	207	12,680 ft	Oct 1975	May 2025	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 (322)

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

322 months


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	763	12	58.48	2.74	$44,653
Apr 2019	1,027	6	62.63	2.75	$64,338
Mar 2019	1,120	39	56.80	3.06	$63,735
Feb 2019	1,013	34	50.85	2.79	$51,606
Jan 2019	1,087	18	46.03	3.23	$50,093
Dec 2018	1,480	4	46.59	4.19	$68,970
Nov 2018	1,440	0	52.93	4.24	$76,219
Oct 2018	1,932	372	61.44	3.40	$119,966
Sep 2018	1,880	285	59.54	3.11	$112,821
Aug 2018	1,219	108	59.40	3.07	$72,740
Jul 2018	837	0	65.14	2.93	$54,522
Jun 2018	1,796	912	60.18	3.08	$110,889
May 2018	1,805	387	65.38	2.90	$119,134
Apr 2018	1,247	293	63.84	2.90	$80,458
Mar 2018	404	9	61.22	2.79	$24,758
Feb 2018	268	53	61.78	2.77	$16,704
Jan 2018	580	1	62.87	4.01	$36,469
Dec 2017	1,913	1,209	57.27	2.92	$113,090
Nov 2017	2,174	1,659	55.42	3.12	$125,656
Oct 2017	1,237	782	49.29	2.98	$63,305
Sep 2017	1,400	679	47.52	3.09	$68,624
Aug 2017	1,318	448	45.37	3.00	$61,144
Jul 2017	1,965	1,656	43.87	3.09	$91,317
Jun 2017	1,549	1,813	42.49	3.09	$71,414
May 2017	600	1,544	45.37	3.26	$32,261
Apr 2017	627	576	47.93	3.21	$31,902
Mar 2017	237	5	46.77	2.98	$11,099
Feb 2017	145	1,140	50.45	2.95	$10,681
Jan 2017	611	877	49.41	3.42	$33,188
Dec 2016	1,585	1,358	48.76	3.72	$82,340
Nov 2016	2,237	1,332	42.49	2.64	$98,572
Oct 2016	1,357	1,035	46.19	3.09	$65,878
Sep 2016	916	935	41.55	3.10	$40,959
Aug 2016	1,363	916	41.44	2.92	$59,161
Jul 2016	1,392	457	41.62	2.92	$59,271
Jun 2016	1,702	509	45.35	2.69	$78,553
May 2016	1,555	0	42.52	1.99	$66,119
Apr 2016	1,067	0	36.56	1.99	$39,010
Mar 2016	1,152	58	33.01	1.79	$38,132
Feb 2016	253	34	26.47	2.06	$6,767
Jan 2016	1,706	159	27.35	2.36	$47,035
Dec 2015	1,954	2,059	32.36	2.00	$67,352
Nov 2015	1,070	2,288	38.79	2.17	$46,464
Oct 2015	41	529	43.55	2.43	$3,069
Sep 2015	149	70	42.99	2.76	$6,599
Aug 2015	769	922	40.16	2.87	$33,531
Jul 2015	738	722	48.15	2.95	$37,661
Jun 2015	1,258	17	56.15	2.88	$70,686
May 2015	2,792	10	55.21	2.96	$154,176
Apr 2015	2,062	176	49.82	2.71	$103,205
Mar 2015	1,720	1,509	42.89	2.93	$78,199
Feb 2015	1,606	1,915	44.66	2.98	$77,423
Jan 2015	1,948	2,054	43.43	3.10	$90,970
Dec 2014	1,386	949	54.69	3.59	$79,209
Nov 2014	2,086	212	70.46	4.25	$147,881
Oct 2014	1,319	188	78.30	3.90	$104,011
Sep 2014	790	259	86.16	4.05	$69,114
Aug 2014	1,122	223	89.39	4.04	$101,195
Jul 2014	616	121	96.56	4.18	$59,987
Jun 2014	963	151	98.16	4.74	$95,243
May 2014	1,294	174	94.73	4.73	$123,403
Apr 2014	815	77	95.94	4.81	$78,561
Mar 2014	767	90	95.89	5.06	$74,003
Feb 2014	906	80	97.40	6.19	$88,740
Jan 2014	978	45	90.40	4.86	$88,630
Dec 2013	851	58	91.82	4.35	$78,391
Nov 2013	872	101	88.85	3.74	$77,855
Oct 2013	870	148	97.42	3.78	$85,315
Sep 2013	738	146	104.11	3.72	$77,376
Aug 2013	934	154	104.25	3.52	$97,912
Jul 2013	760	369	102.52	3.72	$79,287
Jun 2013	884	315	94.40	3.93	$84,689
May 2013	710	90	94.83	4.15	$67,703
Apr 2013	727	760	93.96	4.28	$71,564
Mar 2013	683	135	93.62	3.91	$64,471
Feb 2013	836	588	91.23	3.42	$78,279
Jan 2013	980	629	91.60	3.42	$91,919
Dec 2012	966	726	86.77	3.42	$86,303
Nov 2012	801	747	86.95	3.62	$72,355
Oct 2012	1,133	497	89.38	3.40	$102,957
Sep 2012	932	526	94.67	2.92	$89,768
Aug 2012	878	521	92.66	2.91	$82,871
Jul 2012	1,067	547	85.13	3.02	$92,486
Jun 2012	821	502	79.82	2.52	$66,797
May 2012	916	120	91.61	2.49	$84,213
Apr 2012	1,147	44	101.65	2.00	$116,680
Mar 2012	1,384	1,464	105.05	2.22	$148,642
Feb 2012	1,503	1,766	101.10	2.57	$156,492
Jan 2012	1,482	409	98.09	2.73	$146,488
Dec 2011	1,323	239	96.87	3.24	$128,933
Nov 2011	1,531	92	95.72	3.31	$146,852
Oct 2011	814	361	84.98	3.65	$70,491
Sep 2011	1,028	722	83.62	3.99	$88,839
Aug 2011	1,440	713	83.40	4.15	$123,054
Jul 2011	1,741	724	94.14	4.52	$167,168
Jun 2011	1,835	526	92.90	4.64	$172,912
May 2011	1,699	227	98.13	4.40	$167,723
Apr 2011	1,593	716	105.96	4.33	$171,897
Mar 2011	1,778	1,098	96.36	4.06	$175,783
Feb 2011	1,390	1,243	85.64	4.18	$124,235
Jan 2011	2,032	1,000	86.50	4.59	$180,357
Dec 2010	1,722	1,068	85.73	4.35	$152,270
Nov 2010	1,766	1,112	80.84	3.80	$146,984
Oct 2010	1,744	1,279	78.10	3.51	$140,694
Sep 2010	1,404	1,301	72.63	3.98	$107,150
Aug 2010	1,662	1,304	73.68	4.42	$128,219
Jul 2010	1,471	1,207	72.55	4.74	$112,438
Jun 2010	1,432	1,078	70.36	4.91	$106,049
May 2010	1,773	962	71.12	4.24	$130,170
Apr 2010	1,596	0	81.69	4.12	$130,377
Mar 2010	1,614	1,236	78.39	4.39	$131,946
Feb 2010	1,080	1,266	73.58	5.44	$86,356
Jan 2010	894	1,463	74.36	5.96	$75,203
Dec 2009	1,902	1,550	71.44	5.48	$144,379
Nov 2009	1,156	1,418	74.59	3.75	$91,546
Oct 2009	10	1,337	72.54	4.11	$6,221
Sep 2009	233	1,151	65.54	3.06	$18,798
Aug 2009	1,244	874	67.42	3.22	$86,683
Jul 2009	1,801	1,011	61.13	3.46	$113,598
Jun 2009	1,300	879	66.16	3.90	$89,432
May 2009	1,441	973	54.74	3.93	$82,700
Apr 2009	1,802	1,054	46.77	3.59	$88,061
Mar 2009	1,860	974	42.14	4.06	$82,334
Feb 2009	1,923	698	32.81	4.63	$66,327
Jan 2009	1,966	700	35.86	5.37	$74,260
Dec 2008	2,120	1,148	37.10	5.98	$85,514
Nov 2008	2,027	1,090	55.49	6.86	$119,956
Oct 2008	1,560	1,081	75.24	6.92	$124,857
Sep 2008	1,694	824	101.76	7.88	$178,872
Aug 2008	1,847	1,298	114.22	8.48	$221,975
Jul 2008	2,089	1,269	131.08	11.39	$288,279
Jun 2008	1,943	1,133	131.33	13.03	$269,940
May 2008	2,181	1,079	123.17	11.57	$281,122
Apr 2008	1,608	939	110.31	10.45	$187,196
Mar 2008	1,616	873	101.90	9.66	$173,107
Feb 2008	2,270	1,049	92.53	8.77	$219,243
Jan 2008	2,395	1,132	90.38	8.21	$225,749
Dec 2007	2,406	1,039	88.33	7.30	$220,109
Nov 2007	2,276	839	91.67	7.29	$214,759
Oct 2007	2,372	1,192	82.85	6.92	$204,771
Sep 2007	2,119	1,308	75.84	6.24	$168,872
Aug 2007	2,171	1,348	69.06	6.39	$158,540
Jul 2007	2,237	1,398	70.90	6.39	$167,534
Jun 2007	2,119	1,388	62.00	7.55	$141,855
May 2007	2,475	1,256	58.74	7.85	$155,236
Apr 2007	2,261	1,071	59.61	7.81	$143,138
Mar 2007	2,639	1,238	56.92	7.30	$159,252
Feb 2007	2,182	960	55.10	8.22	$128,116
Jan 2007	2,495	1,223	50.30	6.73	$133,725
Dec 2006	2,469	1,216	56.65	6.92	$148,282
Nov 2006	2,394	994	54.20	7.62	$137,327
Oct 2006	2,349	1,294	54.90	6.01	$136,742
Sep 2006	2,302	1,089	60.08	5.04	$143,790
Aug 2006	2,125	1,019	68.71	7.34	$153,488
Jul 2006	2,283	1,217	69.37	6.34	$166,091
Jun 2006	2,468	1,294	66.28	6.38	$171,840
May 2006	2,598	932	66.01	6.42	$177,482
Apr 2006	2,621	923	64.39	7.36	$175,560
Mar 2006	2,617	322	56.70	7.08	$150,665
Feb 2006	2,597	432	57.59	7.75	$152,910
Jan 2006	2,796	783	60.59	8.93	$176,404
Dec 2005	2,919	896	54.94	13.42	$172,390
Nov 2005	2,810	863	54.69	10.59	$162,817
Oct 2005	2,829	848	58.34	13.80	$176,743
Sep 2005	2,767	698	61.45	12.08	$178,463
Aug 2005	2,674	744	61.51	9.80	$171,767
Jul 2005	2,758	771	55.69	7.84	$159,640
Jun 2005	2,681	765	52.33	7.38	$145,943
May 2005	2,648	813	45.22	6.65	$125,150
Apr 2005	2,757	678	49.20	7.36	$140,635
Mar 2005	2,816	672	50.37	7.15	$146,650
Feb 2005	2,789	966	45.22	6.31	$132,216
Jan 2005	3,428	1,457	43.16	6.32	$157,164
Dec 2004	3,363	1,480	39.86	6.75	$144,041
Nov 2004	3,022	1,594	45.28	6.33	$146,927
Oct 2004	3,123	1,982	49.70	6.52	$168,126
Sep 2004	3,251	1,876	43.24	5.28	$150,486
Aug 2004	3,020	1,394	42.37	5.55	$135,695
Jul 2004	2,981	696	38.28	6.08	$118,347
Jun 2004	3,143	658	36.10	6.43	$117,695
May 2004	3,229	688	37.48	6.49	$125,491
Apr 2004	3,376	664	34.47	5.86	$120,261
Mar 2004	3,623	708	34.36	5.53	$128,402
Feb 2004	3,507	656	32.45	5.51	$117,416
Jan 2004	3,800	704	32.03	6.30	$126,149
Dec 2003	3,669	724	30.26	6.30	$115,586
Nov 2003	3,682	1,289	28.80	4.60	$111,965
Oct 2003	3,822	1,413	28.17	4.76	$114,391
Sep 2003	3,554	1,391	26.31	4.75	$100,112
Aug 2003	3,501	1,421	29.76	5.13	$111,479
Jul 2003	3,584	1,543	29.41	5.17	$113,384
Jun 2003	3,488	1,222	28.56	5.98	$106,928
May 2003	3,895	1,337	26.59	5.97	$111,554
Apr 2003	422	291	26.67	5.41	$12,828
Mar 2003	4,940	1,749	31.14	6.10	$164,494
Feb 2003	4,982	1,421	33.48	7.93	$178,060
Jan 2003	3,746	2,386	30.31	5.58	$126,860
Dec 2002	875	293	26.91	4.85	$24,968
Nov 2002	854	294	24.66	4.14	$22,276
Oct 2002	987	1,457	26.46	4.23	$32,278
Sep 2002	908	1,480	27.44	3.64	$30,296
Aug 2002	1,060	465	25.96	3.16	$28,989
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
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	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	0	0	11.24	2.24	$0
May 1998	0	0	12.62	2.21	$0
Apr 1998	0	0	13.04	2.51	$0
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	0	0	13.95	2.30	$0
Jan 1998	0	0	14.70	2.15	$0
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	0	0	17.74	2.95	$0
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	0	17.58	2.25	$0
Jun 1997	0	0	17.24	2.26	$0
May 1997	0	0	18.97	2.31	$0
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	0	0	18.95	1.94	$0
Feb 1997	0	0	20.49	2.21	$0
Jan 1997	0	0	23.48	3.54	$0
Dec 1996	0	0	23.32	—	$0
Nov 1996	0	0	21.97	—	$0
Oct 1996	0	0	23.31	—	$0
Sep 1996	0	0	22.22	—	$0
Aug 1996	0	0	20.26	—	$0
Jul 1996	0	0	19.55	—	$0
Jun 1996	0	0	18.73	—	$0
May 1996	0	0	19.43	—	$0
Apr 1996	0	0	21.51	—	$0
Mar 1996	4	0	19.38	—	$78
Feb 1996	21	12	16.98	—	$357
Jan 1996	53	44	17.07	—	$905
Dec 1995	44	42	17.19	—	$756
Nov 1995	70	58	16.00	—	$1,120
Oct 1995	160	3,005	15.43	—	$2,469
Sep 1995	131	2,416	16.18	—	$2,120
Aug 1995	135	2,628	15.92	—	$2,149
Jul 1995	136	2,578	15.24	—	$2,073
Jun 1995	65	2,108	16.41	—	$1,067
May 1995	72	723	17.56	—	$1,264
Apr 1995	89	1,168	17.73	—	$1,578
Mar 1995	139	2,095	16.44	—	$2,285
Feb 1995	112	1,204	16.58	—	$1,857
Jan 1995	100	1,380	15.92	—	$1,592
Dec 1994	88	1,951	15.03	—	$1,323
Nov 1994	89	1,606	15.90	—	$1,415
Oct 1994	123	2,171	15.58	—	$1,916
Sep 1994	256	2,016	15.29	—	$3,914
Aug 1994	80	1,540	16.13	—	$1,290
Jul 1994	63	1,919	17.56	—	$1,106
Jun 1994	210	2,031	17.09	—	$3,589
May 1994	257	2,278	15.88	—	$4,081
Apr 1994	199	1,872	14.14	—	$2,814
Mar 1994	364	2,103	12.46	—	$4,535
Feb 1994	292	1,842	12.50	—	$3,650
Jan 1994	285	1,703	12.66	—	$3,608
Dec 1993	269	1,968	12.33	—	$3,317
Nov 1993	280	1,963	14.49	—	$4,057
Oct 1993	142	2,094	15.85	—	$2,251
Sep 1993	440	2,191	15.03	—	$6,613
Aug 1993	340	2,203	15.66	—	$5,324
Jul 1993	500	2,274	15.46	—	$7,730
Jun 1993	459	2,199	16.79	—	$7,707
May 1993	478	2,287	17.68	—	$8,451
Apr 1993	480	2,206	18.05	—	$8,664
Mar 1993	380	2,248	18.14	—	$6,893
Feb 1993	296	1,929	17.90	—	$5,298
Jan 1993	320	2,138	16.93	—	$5,418

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 2019 — as filed, then multipliedworked

Oil                  763 bbl  × $ 58.48 =    $44,620
Casinghead gas        12 Mcf  × $  2.74 =        $33

────────────────────────────────────────────────────
Month total                                  $44,653

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/16235 is the state's own key, not one this site invented.