JAHEW JAMESON -C-

Operated by PACE PRODUCTION CO. (P-5 631757) in the JAMESON, NORTH (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31415District 08Field 45582666OilCasinghead gasSaveExport
Value, all time
$25 k
Jan 1993 – Aug 2003
Value, last 12 filed months
$0
at the published price for each month
Months reported
128
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 60 leases and 239 wells, and the rule below applies to all of them.

Discovered
1953-03-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
660 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 640 acres. The field rule took effect on 1959-09-21.

The Commission's schedule remark for this field reads: NET GOR 510 MCF

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
OilDisposition1,315 bbl$24,530
Casinghead gasProduction26,450 Mcf$4
Total$24,533

26,449 Mcf of this lease's gas, across 47 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 (128)

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

128 months

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 20010024.685.34$0
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 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970123.483.54$4
Dec 19960123.32$0
Nov 1996033021.97$0
Oct 19960023.31$0
Sep 19961778522.22$3,933
Aug 1996030120.26$0
Jul 1996041219.55$0
Jun 1996044318.73$0
May 199619658219.43$3,808
Apr 199619540121.51$4,194
Mar 1996056419.38$0
Feb 1996048216.98$0
Jan 1996029117.07$0
Dec 1995041517.19$0
Nov 1995030016.00$0
Oct 1995017315.43$0
Sep 199508716.18$0
Aug 1995051615.92$0
Jul 1995057915.24$0
Jun 1995057316.41$0
May 1995063817.56$0
Apr 1995061217.73$0
Mar 199517958816.44$2,943
Feb 1995057016.58$0
Jan 1995057415.92$0
Dec 1994059115.03$0
Nov 1994059415.90$0
Oct 1994058615.58$0
Sep 1994053715.29$0
Aug 1994041816.13$0
Jul 1994057817.56$0
Jun 199418463217.09$3,145
May 1994065315.88$0
Apr 1994064514.14$0
Mar 1994065712.46$0
Feb 1994060312.50$0
Jan 1994072012.66$0
Dec 1993077112.33$0
Nov 1993075814.49$0
Oct 199319378815.85$3,059
Sep 1993072315.03$0
Aug 1993077115.66$0
Jul 1993081415.46$0
Jun 1993076316.79$0
May 1993084917.68$0
Apr 199319183418.05$3,448
Mar 1993089518.14$0
Feb 1993083317.90$0
Jan 1993091916.93$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.

Jan 1997 — as filed, then multipliedworked
Oil                    0 bbl  × $ 23.48 =         $0
Casinghead gas         1 Mcf  × $  3.54 =         $4

────────────────────────────────────────────────────
Month total                                       $4

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/31415 is the state's own key, not one this site invented.