BAILEY

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

Operated by STANOLIND PRODUCTION LLC (P-5 813985) in the SUGG RANCH (CANYON DIST 08) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31884District 08Field 87018550OilCasinghead gasSave Export

Value, all time

$6.4 M

Jan 1993 – Feb 2020

Value, last 12 filed months

$46 k

at the published price for each month

Months reported

326

no gaps in the span

Streams

oil, casinghead gas

The SUGG RANCH (CANYON DIST 08) 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 55 leases and 406 wells, and the rule below applies to all of them.

Discovered

1987-05-17

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1991-11-04.

The Commission's schedule remark for this field reads: “SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.”

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	44,593 bbl	$1,658,099
Casinghead gas	Production	1,135,857 Mcf	$4,767,168
Total			$6,425,267

219,425 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.

Wells on this lease (5)

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 31.6156, -101.1604. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.1 miles.

31.61832, -101.16173 · 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%

5 of 5 wells

With a plug date

20.0%

1 of 5 wells

Median depth

8,300 ft

5 wells filed one

Completion to plug

32.3 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

5100.0%

A plug date is filed

120.0%

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

120.0%

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

Between 7,938 and 9,180 ft, median 8,300 ft, over the 5 wells that filed a depth.

Completions filed

Jun 1988 – Jun 2006

5 of 5 wells

Plug dates filed

Jun 2022

1 of 5 wells; 4 filed none

Last completion to plug: a median of 32.3 years across the 1 well that filed both dates, with the middle half between 32.3 years and 32.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells


42-43133166	706	7,938 ft	Jun 2006	—	Yes
42-43133157	606	8,168 ft	Dec 2005	—	Yes
42-43132036	306A	9,170 ft	Oct 1991	—	Yes
42-43132079	406	9,180 ft	Mar 1990	Jun 2022	Yes
42-43131945	106	8,300 ft	Jun 1988	—	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 (326)

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

326 months


Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	69	1,951	55.05	2.66	$8,983
Aug 2019	25	1,389	53.11	2.30	$4,529
Jul 2019	30	1,544	56.27	2.46	$5,486
Jun 2019	37	1,527	52.78	2.49	$5,757
May 2019	65	1,665	58.48	2.74	$8,364
Apr 2019	10	1,673	62.63	2.75	$5,228
Mar 2019	16	2,118	56.80	3.06	$7,394
Feb 2019	15	1,572	50.85	2.79	$5,152
Jan 2019	21	1,897	46.03	3.23	$7,090
Dec 2018	37	1,286	46.59	4.19	$7,106
Nov 2018	20	1,661	52.93	4.24	$8,097
Oct 2018	26	1,638	61.44	3.40	$7,164
Sep 2018	16	1,641	59.54	3.11	$6,053
Aug 2018	19	1,431	59.40	3.07	$5,517
Jul 2018	35	2,103	65.14	2.93	$8,446
Jun 2018	10	2,520	60.18	3.08	$8,356
May 2018	31	1,891	65.38	2.90	$7,512
Apr 2018	46	1,969	63.84	2.90	$8,648
Mar 2018	21	2,049	61.22	2.79	$6,996
Feb 2018	35	1,437	61.78	2.77	$6,137
Jan 2018	48	2,310	62.87	4.01	$12,279
Dec 2017	16	1,985	57.27	2.92	$6,716
Nov 2017	12	1,760	55.42	3.12	$6,153
Oct 2017	11	2,099	49.29	2.98	$6,805
Sep 2017	22	2,278	47.52	3.09	$8,078
Aug 2017	14	2,277	45.37	3.00	$7,476
Jul 2017	12	2,442	43.87	3.09	$8,066
Jun 2017	12	1,908	42.49	3.09	$6,400
May 2017	29	2,276	45.37	3.26	$8,743
Apr 2017	13	2,104	47.93	3.21	$7,380
Mar 2017	25	2,302	46.77	2.98	$8,038
Feb 2017	13	1,608	50.45	2.95	$5,404
Jan 2017	17	1,817	49.41	3.42	$7,052
Dec 2016	19	1,322	48.76	3.72	$5,848
Nov 2016	42	1,903	42.49	2.64	$6,817
Oct 2016	24	2,450	46.19	3.09	$8,680
Sep 2016	24	2,510	41.55	3.10	$8,780
Aug 2016	40	1,850	41.44	2.92	$7,068
Jul 2016	25	2,448	41.62	2.92	$8,199
Jun 2016	52	2,366	45.35	2.69	$8,713
May 2016	31	1,838	42.52	1.99	$4,978
Apr 2016	15	2,205	36.56	1.99	$4,939
Mar 2016	21	3,275	33.01	1.79	$6,569
Feb 2016	18	1,852	26.47	2.06	$4,298
Jan 2016	13	2,099	27.35	2.36	$5,318
Dec 2015	36	2,142	32.36	2.00	$5,452
Nov 2015	0	1,182	38.79	2.17	$2,562
Oct 2015	13	2,074	43.55	2.43	$5,599
Sep 2015	9	2,116	42.99	2.76	$6,224
Aug 2015	12	2,431	40.16	2.87	$7,465
Jul 2015	28	2,467	48.15	2.95	$8,614
Jun 2015	14	2,418	56.15	2.88	$7,757
May 2015	12	2,772	55.21	2.96	$8,855
Apr 2015	14	1,797	49.82	2.71	$5,561
Mar 2015	30	1,508	42.89	2.93	$5,712
Feb 2015	16	2,060	44.66	2.98	$6,846
Jan 2015	16	2,457	43.43	3.10	$8,313
Dec 2014	31	2,355	54.69	3.59	$10,153
Nov 2014	28	2,388	70.46	4.25	$12,126
Oct 2014	21	0	78.30	3.90	$1,644
Sep 2014	17	2,626	86.16	4.05	$12,088
Aug 2014	0	2,585	89.39	4.04	$10,431
Jul 2014	11	2,185	96.56	4.18	$10,195
Jun 2014	31	2,044	98.16	4.74	$12,725
May 2014	27	2,297	94.73	4.73	$13,415
Apr 2014	35	2,109	95.94	4.81	$13,500
Mar 2014	37	2,395	95.89	5.06	$15,659
Feb 2014	0	2,168	97.40	6.19	$13,424
Jan 2014	26	2,462	90.40	4.86	$14,317
Dec 2013	34	2,723	91.82	4.35	$14,979
Nov 2013	30	1,451	88.85	3.74	$8,090
Oct 2013	0	2,166	97.42	3.78	$8,186
Sep 2013	13	2,055	104.11	3.72	$8,993
Aug 2013	22	2,042	104.25	3.52	$9,487
Jul 2013	24	2,109	102.52	3.72	$10,301
Jun 2013	24	2,268	94.40	3.93	$11,187
May 2013	23	2,508	94.83	4.15	$12,587
Apr 2013	0	1,980	93.96	4.28	$8,480
Mar 2013	30	2,358	93.62	3.91	$12,035
Feb 2013	51	2,441	91.23	3.42	$13,001
Jan 2013	37	2,542	91.60	3.42	$12,083
Dec 2012	0	2,238	86.77	3.42	$7,654
Nov 2012	27	2,477	86.95	3.62	$11,327
Oct 2012	20	2,450	89.38	3.40	$10,117
Sep 2012	37	2,578	94.67	2.92	$11,026
Aug 2012	24	2,797	92.66	2.91	$10,358
Jul 2012	15	2,897	85.13	3.02	$10,028
Jun 2012	38	2,622	79.82	2.52	$9,638
May 2012	13	2,922	91.61	2.49	$8,462
Apr 2012	26	2,787	101.65	2.00	$8,208
Mar 2012	32	2,757	105.05	2.22	$9,488
Feb 2012	20	1,830	101.10	2.57	$6,726
Jan 2012	39	2,246	98.09	2.73	$9,966
Dec 2011	24	2,312	96.87	3.24	$9,815
Nov 2011	23	2,951	95.72	3.31	$11,973
Oct 2011	35	2,944	84.98	3.65	$13,716
Sep 2011	26	2,796	83.62	3.99	$13,318
Aug 2011	23	3,075	83.40	4.15	$14,677
Jul 2011	23	2,918	94.14	4.52	$15,347
Jun 2011	43	3,090	92.90	4.64	$18,332
May 2011	24	3,557	98.13	4.40	$18,023
Apr 2011	47	3,131	105.96	4.33	$18,548
Mar 2011	27	3,373	96.36	4.06	$16,287
Feb 2011	58	3,091	85.64	4.18	$17,887
Jan 2011	31	3,732	86.50	4.59	$19,807
Dec 2010	66	3,962	85.73	4.35	$22,884
Nov 2010	71	3,644	80.84	3.80	$19,570
Oct 2010	22	3,894	78.10	3.51	$15,382
Sep 2010	66	3,869	72.63	3.98	$20,190
Aug 2010	83	3,859	73.68	4.42	$23,170
Jul 2010	66	4,216	72.55	4.74	$24,757
Jun 2010	38	4,020	70.36	4.91	$22,413
May 2010	107	4,000	71.12	4.24	$24,551
Apr 2010	15	3,626	81.69	4.12	$16,174
Mar 2010	82	4,063	78.39	4.39	$24,259
Feb 2010	67	3,836	73.58	5.44	$25,807
Jan 2010	34	4,010	74.36	5.96	$26,444
Dec 2009	84	3,915	71.44	5.48	$27,470
Nov 2009	95	4,267	74.59	3.75	$23,094
Oct 2009	51	4,454	72.54	4.11	$22,007
Sep 2009	75	4,290	65.54	3.06	$18,063
Aug 2009	54	4,895	67.42	3.22	$19,395
Jul 2009	47	4,949	61.13	3.46	$20,019
Jun 2009	61	4,798	66.16	3.90	$22,724
May 2009	73	5,640	54.74	3.93	$26,137
Apr 2009	97	5,506	46.77	3.59	$24,289
Mar 2009	82	5,614	42.14	4.06	$26,243
Feb 2009	128	5,336	32.81	4.63	$28,921
Jan 2009	62	5,811	35.86	5.37	$33,434
Dec 2008	103	6,074	37.10	5.98	$40,126
Nov 2008	90	6,244	55.49	6.86	$47,830
Oct 2008	91	6,703	75.24	6.92	$53,245
Sep 2008	150	6,789	101.76	7.88	$68,742
Aug 2008	111	6,912	114.22	8.48	$71,313
Jul 2008	59	7,267	131.08	11.39	$90,501
Jun 2008	169	6,964	131.33	13.03	$112,954
May 2008	92	6,460	123.17	11.57	$86,102
Apr 2008	154	6,526	110.31	10.45	$85,216
Mar 2008	101	7,171	101.90	9.66	$79,593
Feb 2008	180	7,108	92.53	8.77	$78,997
Jan 2008	137	8,251	90.38	8.21	$80,088
Dec 2007	213	8,013	88.33	7.30	$77,325
Nov 2007	157	8,092	91.67	7.29	$73,397
Oct 2007	167	8,213	82.85	6.92	$70,686
Sep 2007	116	8,349	75.84	6.24	$60,930
Aug 2007	255	8,992	69.06	6.39	$75,051
Jul 2007	197	9,011	70.90	6.39	$71,529
Jun 2007	218	8,554	62.00	7.55	$78,085
May 2007	242	8,918	58.74	7.85	$84,188
Apr 2007	107	8,647	59.61	7.81	$73,870
Mar 2007	310	9,326	56.92	7.30	$85,743
Feb 2007	306	8,877	55.10	8.22	$89,794
Jan 2007	308	10,141	50.30	6.73	$83,709
Dec 2006	378	10,710	56.65	6.92	$95,510
Nov 2006	496	11,262	54.20	7.62	$112,671
Oct 2006	263	12,059	54.90	6.01	$86,959
Sep 2006	503	11,656	60.08	5.04	$88,934
Aug 2006	660	13,307	68.71	7.34	$143,021
Jul 2006	484	14,244	69.37	6.34	$123,921
Jun 2006	531	9,038	66.28	6.38	$92,892
May 2006	481	9,795	66.01	6.42	$94,684
Apr 2006	534	9,328	64.39	7.36	$103,043
Mar 2006	534	11,456	56.70	7.08	$111,420
Feb 2006	914	12,336	57.59	7.75	$148,255
Jan 2006	1,228	14,274	60.59	8.93	$201,919
Dec 2005	1,151	6,452	54.94	13.42	$149,792
Nov 2005	31	1,546	54.69	10.59	$18,065
Oct 2005	22	1,517	58.34	13.80	$22,212
Sep 2005	32	1,454	61.45	12.08	$19,529
Aug 2005	23	1,521	61.51	9.80	$16,316
Jul 2005	20	1,548	55.69	7.84	$13,256
Jun 2005	24	1,517	52.33	7.38	$12,453
May 2005	31	1,588	45.22	6.65	$11,964
Apr 2005	29	1,496	49.20	7.36	$12,438
Mar 2005	30	1,428	50.37	7.15	$11,728
Feb 2005	37	1,270	45.22	6.31	$9,689
Jan 2005	31	1,492	43.16	6.32	$10,771
Dec 2004	51	1,586	39.86	6.75	$12,740
Nov 2004	128	1,695	45.28	6.33	$16,526
Oct 2004	113	1,873	49.70	6.52	$17,819
Sep 2004	71	1,807	43.24	5.28	$12,618
Aug 2004	149	1,820	42.37	5.55	$16,415
Jul 2004	94	1,875	38.28	6.08	$15,006
Jun 2004	77	1,706	36.10	6.43	$13,754
May 2004	155	2,068	37.48	6.49	$19,240
Apr 2004	105	1,772	34.47	5.86	$14,001
Mar 2004	117	1,778	34.36	5.53	$13,853
Feb 2004	154	1,626	32.45	5.51	$13,956
Jan 2004	139	1,831	32.03	6.30	$15,987
Dec 2003	94	1,980	30.26	6.30	$15,322
Nov 2003	139	1,822	28.80	4.60	$12,376
Oct 2003	99	1,907	28.17	4.76	$11,865
Sep 2003	94	1,529	26.31	4.75	$9,735
Aug 2003	89	1,918	29.76	5.13	$12,487
Jul 2003	125	1,945	29.41	5.17	$13,734
Jun 2003	99	1,923	28.56	5.98	$14,333
May 2003	91	1,989	26.59	5.97	$14,299
Apr 2003	107	1,907	26.67	5.41	$13,165
Mar 2003	181	2,040	31.14	6.10	$18,072
Feb 2003	109	1,733	33.48	7.93	$17,385
Jan 2003	113	2,021	30.31	5.58	$14,706
Dec 2002	108	2,082	26.91	4.85	$13,012
Nov 2002	137	2,114	24.66	4.14	$12,124
Oct 2002	96	2,184	26.46	4.23	$11,777
Sep 2002	99	2,111	27.44	3.64	$10,390
Aug 2002	145	2,236	25.96	3.16	$10,839
Jul 2002	146	2,383	24.58	3.06	$10,885
Jun 2002	113	1,997	23.73	3.34	$9,348
May 2002	122	1,576	24.66	3.58	$8,657
Apr 2002	173	1,847	23.65	3.51	$10,579
Mar 2002	156	2,233	22.00	3.10	$10,360
Feb 2002	181	2,014	18.22	2.38	$8,082
Jan 2002	114	2,126	17.17	2.38	$7,008
Dec 2001	43	1,925	16.93	2.36	$5,279
Nov 2001	53	1,857	18.07	2.41	$5,425
Oct 2001	124	2,244	19.78	2.53	$8,128
Sep 2001	94	2,230	24.26	2.25	$7,301
Aug 2001	152	2,310	24.87	3.05	$10,833
Jul 2001	151	2,393	23.93	3.20	$11,264
Jun 2001	69	2,357	24.56	3.82	$10,708
May 2001	116	2,361	25.52	4.31	$13,130
Apr 2001	144	2,342	24.68	5.34	$16,049
Mar 2001	139	2,421	24.54	5.38	$16,427
Feb 2001	138	2,177	27.75	5.77	$16,384
Jan 2001	153	2,356	27.47	8.40	$23,990
Dec 2000	150	2,344	26.88	9.12	$25,415
Nov 2000	142	2,410	32.21	5.66	$18,210
Oct 2000	169	2,423	31.23	5.15	$17,745
Sep 2000	109	2,413	31.87	5.19	$15,989
Aug 2000	135	2,426	29.64	4.54	$15,017
Jul 2000	177	2,395	28.53	4.09	$14,845
Jun 2000	130	2,346	29.30	4.40	$14,125
May 2000	131	2,450	27.26	3.68	$12,586
Apr 2000	176	2,278	24.51	3.12	$11,412
Mar 2000	128	2,441	28.42	2.86	$10,618
Feb 2000	166	2,270	27.62	2.73	$10,774
Jan 2000	165	2,480	25.27	2.48	$10,321
Dec 1999	148	2,512	24.28	2.42	$9,682
Nov 1999	160	2,494	23.19	2.43	$9,781
Oct 1999	142	2,568	20.98	2.80	$10,179
Sep 1999	154	2,498	21.75	2.62	$9,891
Aug 1999	111	2,702	19.26	2.88	$9,908
Jul 1999	178	2,647	17.89	2.37	$9,464
Jun 1999	197	2,564	15.94	2.36	$9,197
May 1999	145	2,598	15.79	2.32	$8,320
Apr 1999	155	2,462	15.10	2.21	$7,777
Mar 1999	180	2,524	12.47	1.84	$6,885
Feb 1999	157	2,246	9.98	1.82	$5,650
Jan 1999	174	2,569	10.38	1.90	$6,687
Dec 1998	208	2,609	9.20	1.77	$6,540
Nov 1998	148	2,623	10.89	2.19	$7,345
Oct 1998	136	2,709	12.42	1.97	$7,024
Sep 1998	158	2,731	12.59	2.08	$7,677
Aug 1998	112	3,049	11.30	1.91	$7,081
Jul 1998	197	3,183	11.74	2.24	$9,434
Jun 1998	184	3,090	11.24	2.24	$8,981
May 1998	232	3,049	12.62	2.21	$9,655
Apr 1998	247	2,948	13.04	2.51	$10,607
Mar 1998	219	2,904	12.80	2.31	$9,510
Feb 1998	164	2,564	13.95	2.30	$8,183
Jan 1998	244	3,066	14.70	2.15	$10,193
Dec 1997	294	3,092	16.32	2.41	$12,253
Nov 1997	206	3,374	18.19	3.09	$14,167
Oct 1997	243	2,656	19.25	3.15	$13,044
Sep 1997	181	2,884	17.74	2.95	$11,733
Aug 1997	193	2,990	17.86	2.55	$11,086
Jul 1997	226	3,168	17.58	2.25	$11,091
Jun 1997	199	2,973	17.24	2.26	$10,141
May 1997	223	3,313	18.97	2.31	$11,878
Apr 1997	200	3,223	17.88	2.08	$10,289
Mar 1997	259	3,349	18.95	1.94	$11,402
Feb 1997	210	2,822	20.49	2.21	$10,528
Jan 1997	209	3,108	23.48	3.54	$15,909
Dec 1996	263	3,443	23.32	—	$6,133
Nov 1996	249	3,384	21.97	—	$5,471
Oct 1996	193	3,720	23.31	—	$4,499
Sep 1996	287	3,560	22.22	—	$6,377
Aug 1996	138	3,591	20.26	—	$2,796
Jul 1996	172	3,993	19.55	—	$3,363
Jun 1996	180	3,927	18.73	—	$3,371
May 1996	220	4,063	19.43	—	$4,275
Apr 1996	187	3,724	21.51	—	$4,022
Mar 1996	280	4,019	19.38	—	$5,426
Feb 1996	232	3,668	16.98	—	$3,939
Jan 1996	228	3,973	17.07	—	$3,892
Dec 1995	229	3,986	17.19	—	$3,937
Nov 1995	257	3,882	16.00	—	$4,112
Oct 1995	274	4,424	15.43	—	$4,228
Sep 1995	186	4,204	16.18	—	$3,009
Aug 1995	218	4,452	15.92	—	$3,471
Jul 1995	239	4,417	15.24	—	$3,642
Jun 1995	180	4,249	16.41	—	$2,954
May 1995	221	4,454	17.56	—	$3,881
Apr 1995	257	4,490	17.73	—	$4,557
Mar 1995	258	5,002	16.44	—	$4,242
Feb 1995	178	4,166	16.58	—	$2,951
Jan 1995	242	4,323	15.92	—	$3,853
Dec 1994	277	4,279	15.03	—	$4,163
Nov 1994	250	4,219	15.90	—	$3,975
Oct 1994	256	4,699	15.58	—	$3,988
Sep 1994	275	4,496	15.29	—	$4,205
Aug 1994	239	4,797	16.13	—	$3,855
Jul 1994	266	4,908	17.56	—	$4,671
Jun 1994	233	5,008	17.09	—	$3,982
May 1994	329	5,309	15.88	—	$5,225
Apr 1994	367	5,263	14.14	—	$5,189
Mar 1994	321	5,324	12.46	—	$4,000
Feb 1994	331	4,752	12.50	—	$4,138
Jan 1994	396	4,710	12.66	—	$5,013
Dec 1993	430	5,179	12.33	—	$5,302
Nov 1993	374	5,009	14.49	—	$5,419
Oct 1993	377	4,925	15.85	—	$5,975
Sep 1993	295	5,193	15.03	—	$4,434
Aug 1993	320	5,468	15.66	—	$5,011
Jul 1993	279	5,673	15.46	—	$4,313
Jun 1993	343	5,684	16.79	—	$5,759
May 1993	416	5,635	17.68	—	$7,355
Apr 1993	377	5,450	18.05	—	$6,805
Mar 1993	472	5,485	18.14	—	$8,562
Feb 1993	437	5,064	17.90	—	$7,822
Jan 1993	630	5,782	16.93	—	$10,666

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.

Sep 2019 — as filed, then multipliedworked

Oil                   69 bbl  × $ 55.05 =     $3,798
Casinghead gas     1,951 Mcf  × $  2.66 =     $5,184

────────────────────────────────────────────────────
Month total                                   $8,983

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/31884 is the state's own key, not one this site invented.