7810 JV-P CORNER -D-

Operated by BTA OIL PRODUCERS (P-5 41860) in the UNIVERSITY BLOCK 6 (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 28210District 08Field 92520500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$115 k
Jan 1993 – Jan 1996
Value, last 12 filed months
$22 k
at the published price for each month
Months reported
37
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 5 leases and 5 wells, and the rule below applies to all of them.

Discovered
1972-07-06
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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.

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
OilDisposition7,225 bbl$114,851
Casinghead gasProduction321 Mcf$0
Total$114,851

321 Mcf of this lease's gas, across 31 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 (37)

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

37 months

Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 199599015.43$1,528
Sep 19950016.18$0
Aug 1995119015.92$1,894
Jul 199503015.24$0
Jun 19951833016.41$3,003
May 19951913017.56$3,354
Apr 19953483017.73$6,170
Mar 19951913016.44$3,140
Feb 19951663016.58$2,752
Jan 1995503015.92$796
Dec 19941963015.03$2,946
Nov 19943303015.90$5,247
Oct 19941933015.58$3,007
Sep 1994191115.29$2,920
Aug 1994337116.13$5,436
Jul 1994199117.56$3,494
Jun 1994188117.09$3,213
May 1994194115.88$3,081
Apr 1994361114.14$5,105
Mar 1994193112.46$2,405
Feb 1994196112.50$2,450
Jan 1994359112.66$4,545
Dec 1993198112.33$2,441
Nov 1993191114.49$2,768
Oct 1993371115.85$5,880
Sep 19930115.03$0
Aug 1993195115.66$3,054
Jul 1993325115.46$5,025
Jun 1993181116.79$3,039
May 1993343117.68$6,064
Apr 1993191118.05$3,448
Mar 1993365118.14$6,621
Feb 1993195117.90$3,491
Jan 1993386116.93$6,535

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.

Oct 1995 — as filed, then multipliedworked
Oil                   99 bbl  × $ 15.43 =     $1,528
Casinghead gas         0 Mcf  ×  no price            —

────────────────────────────────────────────────────
Month total                                   $1,528

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/28210 is the state's own key, not one this site invented.