HANSON

Operated by HENRY PETROLEUM LP (P-5 378642) in the SULPHUR DRAW (DEAN 8790) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 22306District 08Field 87073333Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$359 k
Jan 1993 – Dec 2007
Value, last 12 filed months
$0
at the published price for each month
Months reported
180
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 122 leases and 183 wells, and the rule below applies to all of them.

Discovered
1966-05-18
as the register files it
Field class
Oil
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 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: OPTIONAL 80 ACRE, DIAG. 3250

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
OilDisposition18,825 bbl$359,018
Casinghead gasProduction21 Mcf$0
Total$359,018

21 Mcf of this lease's gas, across 21 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 (180)

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

180 months

Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 2003108028.565.98$3,084
May 20032026.595.97$53
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 2003180030.315.58$5,456
Dec 20023026.914.85$81
Nov 20021024.664.14$25
Oct 2002181026.464.23$4,789
Sep 2002182027.443.64$4,994
Aug 20020025.963.16$0
Jul 2002358024.583.06$8,800
Jun 20021023.733.34$24
May 2002183024.663.58$4,513
Apr 2002179023.653.51$4,233
Mar 20021022.003.10$22
Feb 2002181018.222.38$3,298
Jan 2002183017.172.38$3,142
Dec 20010016.932.36$0
Nov 2001178018.072.41$3,216
Oct 2001180019.782.53$3,560
Sep 20010024.262.25$0
Aug 2001181024.873.05$4,501
Jul 2001180023.933.20$4,307
Jun 2001181024.563.82$4,445
May 2001179025.524.31$4,568
Apr 20011024.685.34$25
Mar 2001170024.545.38$4,172
Feb 2001170027.755.77$4,718
Jan 2001173027.478.40$4,752
Dec 20000026.889.12$0
Nov 2000170032.215.66$5,476
Oct 2000172031.235.15$5,372
Sep 2000174031.875.19$5,545
Aug 20001029.644.54$30
Jul 2000174028.534.09$4,964
Jun 2000182029.304.40$5,333
May 2000170027.263.68$4,634
Apr 20001024.513.12$25
Mar 2000178028.422.86$5,059
Feb 2000179027.622.73$4,944
Jan 2000189025.272.48$4,776
Dec 19990024.282.42$0
Nov 1999189023.192.43$4,383
Oct 1999179020.982.80$3,755
Sep 19990021.752.62$0
Aug 1999184019.262.88$3,544
Jul 1999186017.892.37$3,328
Jun 19990015.942.36$0
May 1999184015.792.32$2,905
Apr 1999192015.102.21$2,899
Mar 1999177012.471.84$2,207
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 199817509.201.77$1,610
Nov 1998172010.892.19$1,873
Oct 1998189012.421.97$2,347
Sep 1998195012.592.08$2,455
Aug 19981011.301.91$11
Jul 1998381011.742.24$4,473
Jun 19980011.242.24$0
May 1998175012.622.21$2,209
Apr 19982013.042.51$26
Mar 1998187012.802.31$2,394
Feb 1998363013.952.30$5,064
Jan 1998199014.702.15$2,925
Dec 19970016.322.41$0
Nov 1997192018.193.09$3,492
Oct 1997379019.253.15$7,296
Sep 1997167017.742.95$2,963
Aug 19970017.862.55$0
Jul 1997174017.582.25$3,059
Jun 1997171017.242.26$2,948
May 1997178018.972.31$3,377
Apr 1997163017.882.08$2,914
Mar 1997179018.951.94$3,392
Feb 1997355020.492.21$7,274
Jan 19970023.483.54$0
Dec 1996296023.32$6,903
Nov 1996138021.97$3,032
Oct 1996195023.31$4,545
Sep 1996180022.22$4,000
Aug 1996186020.26$3,768
Jul 1996195019.55$3,812
Jun 1996183018.73$3,428
May 1996183019.43$3,556
Apr 1996180021.51$3,872
Mar 1996194019.38$3,760
Feb 19960016.98$0
Jan 19960017.07$0
Dec 1995176017.19$3,025
Nov 1995194016.00$3,104
Oct 1995195015.43$3,009
Sep 19951016.18$16
Aug 1995170015.92$2,706
Jul 1995188015.24$2,865
Jun 1995175016.41$2,872
May 1995181017.56$3,178
Apr 1995185017.73$3,280
Mar 1995358016.44$5,886
Feb 19951016.58$17
Jan 1995190015.92$3,025
Dec 1994185015.03$2,781
Nov 1994194015.90$3,085
Oct 1994197015.58$3,069
Sep 1994174115.29$2,660
Aug 1994169116.13$2,726
Jul 1994187117.56$3,284
Jun 1994177117.09$3,025
May 1994196115.88$3,112
Apr 1994177114.14$2,503
Mar 1994192112.46$2,392
Feb 1994351112.50$4,388
Jan 19940112.66$0
Dec 1993156112.33$1,923
Nov 1993338114.49$4,898
Oct 1993175115.85$2,774
Sep 1993184115.03$2,766
Aug 1993192115.66$3,007
Jul 1993176115.46$2,721
Jun 1993185116.79$3,106
May 1993178117.68$3,147
Apr 1993178118.05$3,213
Mar 1993355118.14$6,440
Feb 1993351117.90$6,283
Jan 19930116.93$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.

Jun 2003 — as filed, then multipliedworked
Oil                  108 bbl  × $ 28.56 =     $3,084
Casinghead gas         0 Mcf  × $  5.98 =         $0

────────────────────────────────────────────────────
Month total                                   $3,084

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/22306 is the state's own key, not one this site invented.