MCNEILL -C-

Operated by WESTERN RESERVES OIL COMPANY INC (P-5 912220) in the BLOCK A-28 (WICHITA-ALBANY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 30728District 08Field 08944750OilCasinghead gasSaveExport
Value, all time
$195 k
Jan 1993 – Sep 2009
Value, last 12 filed months
$0
at the published price for each month
Months reported
201
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 15 leases and 18 wells, and the rule below applies to all of them.

Discovered
1964-05-21
as the register files it
Field class
Oil
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1991-02-01.

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
OilDisposition9,586 bbl$168,715
Casinghead gasProduction27,307 Mcf$26,490
Total$195,205

16,932 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.

Every month this lease reported (201)

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

201 months

Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
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 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 2001102024.685.34$2,517
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 200017818031.875.19$6,606
Aug 2000018629.644.54$845
Jul 2000018628.534.09$761
Jun 2000018029.304.40$792
May 200017118627.263.68$5,346
Apr 2000018024.513.12$561
Mar 200018518628.422.86$5,790
Feb 2000017427.622.73$474
Jan 2000118625.272.48$487
Dec 199918318624.282.42$4,894
Nov 1999018023.192.43$438
Oct 1999018620.982.80$521
Sep 199918618021.752.62$4,517
Aug 1999018619.262.88$535
Jul 1999018617.892.37$441
Jun 199922518015.942.36$4,012
May 1999018615.792.32$432
Apr 1999024015.102.21$530
Mar 1999022812.471.84$419
Feb 19991792039.981.82$2,155
Jan 1999021410.381.90$407
Dec 199802109.201.77$372
Nov 199819624010.892.19$2,659
Oct 1998025112.421.97$494
Sep 1998024912.592.08$519
Aug 199819121711.301.91$2,572
Jul 1998023411.742.24$524
Jun 199819022711.242.24$2,643
May 1998023212.622.21$512
Apr 1998019513.042.51$489
Mar 1998022212.802.31$513
Feb 199819319313.952.30$3,136
Jan 1998019814.702.15$427
Dec 199718523216.322.41$3,579
Nov 1997020018.193.09$618
Oct 1997019919.253.15$627
Sep 199718118517.742.95$3,758
Aug 1997022017.862.55$562
Jul 199718035717.582.25$3,967
Jun 199717934217.242.26$3,858
May 1997039218.972.31$905
Apr 199717939517.882.08$4,023
Mar 199717841118.951.94$4,170
Feb 1997036420.492.21$803
Jan 199718141123.483.54$5,705
Dec 199618339623.32$4,268
Nov 199618140021.97$3,977
Oct 1996037423.31$0
Sep 199617835822.22$3,955
Aug 199617838720.26$3,606
Jul 1996033919.55$0
Jun 199617832918.73$3,334
May 1996034119.43$0
Apr 199617933721.51$3,850
Mar 1996036119.38$0
Feb 199617333516.98$2,938
Jan 199618136017.07$3,090
Dec 199517835517.19$3,060
Nov 1995035016.00$0
Oct 199518135515.43$2,793
Sep 1995032816.18$0
Aug 199518035415.92$2,866
Jul 199517735815.24$2,697
Jun 1995034716.41$0
May 199518236117.56$3,196
Apr 199518236217.73$3,227
Mar 1995037116.44$0
Feb 199518133416.58$3,001
Jan 199516635515.92$2,643
Dec 199418433915.03$2,766
Nov 1994032615.90$0
Oct 199418333815.58$2,851
Sep 199418132915.29$2,767
Aug 1994034516.13$0
Jul 199418133917.56$3,178
Jun 199418033017.09$3,076
May 199417834115.88$2,827
Apr 199418232914.14$2,573
Mar 1994036112.46$0
Feb 199418332412.50$2,288
Jan 199418335512.66$2,317
Dec 1993035812.33$0
Nov 199318635114.49$2,695
Oct 199317836615.85$2,821
Sep 199318236415.03$2,735
Aug 1993037415.66$0
Jul 199318137715.46$2,798
Jun 199317837016.79$2,989
May 199337337217.68$6,595
Apr 1993035318.05$0
Mar 199318236118.14$3,301
Feb 1993031617.90$0
Jan 199319036716.93$3,217

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.

Apr 2001 — as filed, then multipliedworked
Oil                  102 bbl  × $ 24.68 =     $2,517
Casinghead gas         0 Mcf  × $  5.34 =         $0

────────────────────────────────────────────────────
Month total                                   $2,517

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/30728 is the state's own key, not one this site invented.