CONRAD UNIT

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

Operated by DINERO OPERATING COMPANY (P-5 220711) in the GARTNER (PENN. REEF) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 34029District 08Field 34062500OilCasinghead gasSave Export

Value, all time

$3.0 M

Nov 1993 – Nov 2011

Value, last 12 filed months

$24 k

at the published price for each month

Months reported

217

no gaps in the span

Streams

oil, casinghead gas

The GARTNER (PENN. REEF) 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 4 leases and 5 wells, and the rule below applies to all of them.

Discovered

1960-04-23

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.

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	121,026 bbl	$2,835,133
Casinghead gas	Production	111,584 Mcf	$197,467
Total			$3,032,600

65,369 Mcf of this lease's gas, across 38 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 (217)

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

217 months


Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	69	60	94.14	4.52	$6,767
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	141	35	105.96	4.33	$15,092
Mar 2011	0	272	96.36	4.06	$1,104
Feb 2011	0	133	85.64	4.18	$556
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	13	85.73	4.35	$57
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	332	67	78.10	3.51	$26,164
Sep 2010	172	160	72.63	3.98	$13,129
Aug 2010	349	104	73.68	4.42	$26,174
Jul 2010	699	160	72.55	4.74	$51,470
Jun 2010	673	208	70.36	4.91	$48,374
May 2010	886	294	71.12	4.24	$64,257
Apr 2010	720	382	81.69	4.12	$60,392
Mar 2010	1,383	272	78.39	4.39	$109,607
Feb 2010	0	255	73.58	5.44	$1,388
Jan 2010	0	8	74.36	5.96	$48
Dec 2009	0	8	71.44	5.48	$44
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	20	72.54	4.11	$82
Sep 2009	0	2	65.54	3.06	$6
Aug 2009	0	11	67.42	3.22	$35
Jul 2009	163	95	61.13	3.46	$10,293
Jun 2009	168	143	66.16	3.90	$11,672
May 2009	0	136	54.74	3.93	$534
Apr 2009	170	78	46.77	3.59	$8,231
Mar 2009	0	153	42.14	4.06	$621
Feb 2009	182	133	32.81	4.63	$6,588
Jan 2009	186	171	35.86	5.37	$7,588
Dec 2008	0	109	37.10	5.98	$652
Nov 2008	0	20	55.49	6.86	$137
Oct 2008	168	135	75.24	6.92	$13,575
Sep 2008	176	133	101.76	7.88	$18,957
Aug 2008	178	158	114.22	8.48	$21,671
Jul 2008	178	165	131.08	11.39	$25,212
Jun 2008	0	108	131.33	13.03	$1,408
May 2008	150	123	123.17	11.57	$19,899
Apr 2008	0	117	110.31	10.45	$1,223
Mar 2008	169	94	101.90	9.66	$18,130
Feb 2008	0	114	92.53	8.77	$1,000
Jan 2008	173	113	90.38	8.21	$16,563
Dec 2007	181	120	88.33	7.30	$16,864
Nov 2007	162	123	91.67	7.29	$15,747
Oct 2007	0	187	82.85	6.92	$1,294
Sep 2007	177	167	75.84	6.24	$14,466
Aug 2007	170	183	69.06	6.39	$12,909
Jul 2007	0	139	70.90	6.39	$888
Jun 2007	336	175	62.00	7.55	$22,153
May 2007	0	142	58.74	7.85	$1,114
Apr 2007	183	132	59.61	7.81	$11,939
Mar 2007	164	92	56.92	7.30	$10,007
Feb 2007	0	89	55.10	8.22	$731
Jan 2007	164	138	50.30	6.73	$9,178
Dec 2006	182	116	56.65	6.92	$11,113
Nov 2006	178	122	54.20	7.62	$10,577
Oct 2006	180	138	54.90	6.01	$10,712
Sep 2006	176	130	60.08	5.04	$11,229
Aug 2006	0	151	68.71	7.34	$1,108
Jul 2006	169	174	69.37	6.34	$12,827
Jun 2006	180	145	66.28	6.38	$12,856
May 2006	0	146	66.01	6.42	$938
Apr 2006	336	150	64.39	7.36	$22,739
Mar 2006	0	151	56.70	7.08	$1,070
Feb 2006	179	138	57.59	7.75	$11,378
Jan 2006	179	162	60.59	8.93	$12,293
Dec 2005	180	141	54.94	13.42	$11,781
Nov 2005	152	160	54.69	10.59	$10,007
Oct 2005	179	184	58.34	13.80	$12,981
Sep 2005	0	120	61.45	12.08	$1,449
Aug 2005	159	83	61.51	9.80	$10,593
Jul 2005	178	182	55.69	7.84	$11,340
Jun 2005	180	214	52.33	7.38	$10,999
May 2005	139	235	45.22	6.65	$7,849
Apr 2005	176	224	49.20	7.36	$10,308
Mar 2005	165	230	50.37	7.15	$9,957
Feb 2005	159	216	45.22	6.31	$8,553
Jan 2005	348	219	43.16	6.32	$16,404
Dec 2004	181	191	39.86	6.75	$8,504
Nov 2004	0	221	45.28	6.33	$1,399
Oct 2004	181	271	49.70	6.52	$10,761
Sep 2004	183	286	43.24	5.28	$9,424
Aug 2004	152	141	42.37	5.55	$7,223
Jul 2004	161	266	38.28	6.08	$7,781
Jun 2004	170	215	36.10	6.43	$7,520
May 2004	313	206	37.48	6.49	$13,069
Apr 2004	158	239	34.47	5.86	$6,846
Mar 2004	164	217	34.36	5.53	$6,835
Feb 2004	181	208	32.45	5.51	$7,019
Jan 2004	170	215	32.03	6.30	$6,800
Dec 2003	319	258	30.26	6.30	$11,279
Nov 2003	176	243	28.80	4.60	$6,185
Oct 2003	168	231	28.17	4.76	$5,832
Sep 2003	176	273	26.31	4.75	$5,927
Aug 2003	183	292	29.76	5.13	$6,944
Jul 2003	364	280	29.41	5.17	$12,153
Jun 2003	164	264	28.56	5.98	$6,263
May 2003	348	307	26.59	5.97	$11,087
Apr 2003	172	296	26.67	5.41	$6,188
Mar 2003	170	307	31.14	6.10	$7,165
Feb 2003	371	288	33.48	7.93	$14,704
Jan 2003	197	185	30.31	5.58	$7,004
Dec 2002	0	213	26.91	4.85	$1,034
Nov 2002	343	317	24.66	4.14	$9,770
Oct 2002	180	293	26.46	4.23	$6,002
Sep 2002	332	215	27.44	3.64	$9,892
Aug 2002	173	338	25.96	3.16	$5,561
Jul 2002	336	340	24.58	3.06	$9,300
Jun 2002	165	322	23.73	3.34	$4,990
May 2002	332	353	24.66	3.58	$9,452
Apr 2002	372	345	23.65	3.51	$10,010
Mar 2002	197	337	22.00	3.10	$5,380
Feb 2002	336	317	18.22	2.38	$6,875
Jan 2002	176	367	17.17	2.38	$3,894
Dec 2001	557	344	16.93	2.36	$10,243
Nov 2001	192	324	18.07	2.41	$4,249
Oct 2001	191	349	19.78	2.53	$4,661
Sep 2001	197	358	24.26	2.25	$5,585
Aug 2001	380	380	24.87	3.05	$10,611
Jul 2001	389	408	23.93	3.20	$10,613
Jun 2001	193	391	24.56	3.82	$6,235
May 2001	548	410	25.52	4.31	$15,751
Apr 2001	198	415	24.68	5.34	$7,101
Mar 2001	389	331	24.54	5.38	$11,326
Feb 2001	392	332	27.75	5.77	$12,793
Jan 2001	198	365	27.47	8.40	$8,505
Dec 2000	374	376	26.88	9.12	$13,483
Nov 2000	588	406	32.21	5.66	$21,237
Oct 2000	389	410	31.23	5.15	$14,258
Sep 2000	387	470	31.87	5.19	$14,771
Aug 2000	390	437	29.64	4.54	$13,544
Jul 2000	190	359	28.53	4.09	$6,889
Jun 2000	192	302	29.30	4.40	$6,954
May 2000	386	347	27.26	3.68	$11,799
Apr 2000	388	335	24.51	3.12	$10,554
Mar 2000	194	262	28.42	2.86	$6,263
Feb 2000	300	191	27.62	2.73	$8,807
Jan 2000	191	245	25.27	2.48	$5,434
Dec 1999	373	187	24.28	2.42	$9,510
Nov 1999	361	289	23.19	2.43	$9,075
Oct 1999	192	335	20.98	2.80	$4,967
Sep 1999	384	259	21.75	2.62	$9,030
Aug 1999	369	313	19.26	2.88	$8,007
Jul 1999	393	271	17.89	2.37	$7,674
Jun 1999	386	347	15.94	2.36	$6,972
May 1999	386	344	15.79	2.32	$6,893
Apr 1999	390	290	15.10	2.21	$6,529
Mar 1999	301	261	12.47	1.84	$4,233
Feb 1999	390	247	9.98	1.82	$4,341
Jan 1999	388	303	10.38	1.90	$4,603
Dec 1998	396	312	9.20	1.77	$4,196
Nov 1998	524	359	10.89	2.19	$6,491
Oct 1998	394	304	12.42	1.97	$5,492
Sep 1998	577	486	12.59	2.08	$8,277
Aug 1998	385	536	11.30	1.91	$5,373
Jul 1998	576	323	11.74	2.24	$7,485
Jun 1998	383	311	11.24	2.24	$5,001
May 1998	549	522	12.62	2.21	$8,080
Apr 1998	524	370	13.04	2.51	$7,760
Mar 1998	387	416	12.80	2.31	$5,914
Feb 1998	527	388	13.95	2.30	$8,244
Jan 1998	572	444	14.70	2.15	$9,365
Dec 1997	583	434	16.32	2.41	$10,561
Nov 1997	585	0	18.19	3.09	$10,641
Oct 1997	747	1,271	19.25	3.15	$18,383
Sep 1997	367	1,230	17.74	2.95	$10,145
Aug 1997	773	1,333	17.86	2.55	$17,211
Jul 1997	566	1,226	17.58	2.25	$12,705
Jun 1997	867	942	17.24	2.26	$17,073
May 1997	545	651	18.97	2.31	$11,841
Apr 1997	928	647	17.88	2.08	$17,940
Mar 1997	733	601	18.95	1.94	$15,056
Feb 1997	738	488	20.49	2.21	$16,198
Jan 1997	686	591	23.48	3.54	$18,199
Dec 1996	1,128	693	23.32	—	$26,305
Nov 1996	772	794	21.97	—	$16,961
Oct 1996	1,157	873	23.31	—	$26,970
Sep 1996	968	910	22.22	—	$21,509
Aug 1996	1,122	849	20.26	—	$22,732
Jul 1996	963	940	19.55	—	$18,827
Jun 1996	940	803	18.73	—	$17,606
May 1996	576	914	19.43	—	$11,192
Apr 1996	947	841	21.51	—	$20,370
Mar 1996	1,148	900	19.38	—	$22,248
Feb 1996	1,160	748	16.98	—	$19,697
Jan 1996	1,344	612	17.07	—	$22,942
Dec 1995	781	800	17.19	—	$13,425
Nov 1995	1,150	802	16.00	—	$18,400
Oct 1995	953	980	15.43	—	$14,705
Sep 1995	1,412	1,312	16.18	—	$22,846
Aug 1995	1,542	989	15.92	—	$24,549
Jul 1995	1,699	1,722	15.24	—	$25,893
Jun 1995	1,918	1,876	16.41	—	$31,474
May 1995	2,068	1,962	17.56	—	$36,314
Apr 1995	2,679	2,352	17.73	—	$47,499
Mar 1995	3,013	2,920	16.44	—	$49,534
Feb 1995	2,664	2,490	16.58	—	$44,169
Jan 1995	3,019	2,640	15.92	—	$48,062
Dec 1994	2,688	2,635	15.03	—	$40,401
Nov 1994	3,269	2,800	15.90	—	$51,977
Oct 1994	3,059	2,973	15.58	—	$47,659
Sep 1994	3,044	2,838	15.29	—	$46,543
Aug 1994	3,179	2,995	16.13	—	$51,277
Jul 1994	3,399	3,234	17.56	—	$59,686
Jun 1994	2,796	2,879	17.09	—	$47,784
May 1994	3,222	2,904	15.88	—	$51,165
Apr 1994	2,668	2,375	14.14	—	$37,726
Mar 1994	3,027	2,686	12.46	—	$37,716
Feb 1994	2,661	2,586	12.50	—	$33,263
Jan 1994	3,272	2,832	12.66	—	$41,424
Dec 1993	3,041	909	12.33	—	$37,496
Nov 1993	0	1	14.49	—	$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.

Jul 2011 — as filed, then multipliedworked

Oil                   69 bbl  × $ 94.14 =     $6,496
Casinghead gas        60 Mcf  × $  4.52 =       $271

────────────────────────────────────────────────────
Month total                                   $6,767

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/34029 is the state's own key, not one this site invented.