LETKEMAN

Name: LETKEMAN lease production and value, Jul 1995 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by REVERENCE OPERATING LLC (P-5 703827) in the NOLLEY (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 34584District 08Field 65766888Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$1.6 M

Jul 1995 – May 2024

Value, last 12 filed months

at the published price for each month

Months reported

347

no gaps in the span

Streams

oil, casinghead gas

The NOLLEY (WOLFCAMP) 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 27 leases and 164 wells, and the rule below applies to all of them.

Discovered

1951-08-21

as the register files it

Field class

Oil

the register's own label

Between wells

1,100 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres.

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.

Stream	Basis	Volume	Value
Oil	Disposition	35,549 bbl	$1,645,933
Casinghead gas	Production	292 Mcf	$0
Total			$1,645,933

292 Mcf of this lease's gas, across 8 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 (347)

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

347 months


May 2024	0	0	78.81	2.20	$0
Apr 2024	0	0	84.45	1.66	$0
Mar 2024	0	0	80.30	1.55	$0
Feb 2024	0	0	76.09	1.78	$0
Jan 2024	0	0	73.02	3.30	$0
Dec 2023	0	0	71.26	2.61	$0
Nov 2023	0	0	77.89	2.81	$0
Oct 2023	0	0	85.44	3.09	$0
Sep 2023	0	0	89.04	2.74	$0
Aug 2023	0	0	80.52	2.67	$0
Jul 2023	0	0	74.85	2.64	$0
Jun 2023	0	0	68.96	2.26	$0
May 2023	0	0	70.62	2.23	$0
Apr 2023	0	0	78.12	2.24	$0
Mar 2023	0	0	72.85	2.39	$0
Feb 2023	0	0	75.11	2.47	$0
Jan 2023	0	0	76.53	3.39	$0
Dec 2022	0	0	76.41	5.73	$0
Nov 2022	0	0	85.00	5.65	$0
Oct 2022	0	0	87.18	5.86	$0
Sep 2022	164	0	84.88	8.16	$13,920
Aug 2022	0	0	94.52	9.13	$0
Jul 2022	0	0	101.58	7.54	$0
Jun 2022	0	0	115.09	7.98	$0
May 2022	0	0	109.37	8.43	$0
Apr 2022	170	0	104.22	6.84	$17,717
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	156	0	81.84	4.54	$12,767
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	158	0	79.79	5.71	$12,607
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	162	0	69.49	3.38	$11,257
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	173	0	57.80	5.55	$9,999
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	168	0	36.97	2.48	$6,211
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	168	0	34.90	1.69	$5,863
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	170	0	30.34	1.86	$5,158
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	166	0	59.01	2.30	$9,796
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	157	0	53.11	2.30	$8,338
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	170	0	58.48	2.74	$9,942
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	169	0	50.85	2.79	$8,594
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	166	0	52.93	4.24	$8,786
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	158	0	59.40	3.07	$9,385
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	158	0	65.38	2.90	$10,330
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	168	0	61.22	2.79	$10,285
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	174	0	55.42	3.12	$9,643
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	162	0	45.37	3.00	$7,350
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	184	0	42.49	3.09	$7,818
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	172	0	46.77	2.98	$8,044
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	170	0	49.41	3.42	$8,400
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	168	0	42.49	2.64	$7,138
Oct 2016	2	0	46.19	3.09	$92
Sep 2016	168	0	41.55	3.10	$6,980
Aug 2016	170	0	41.44	2.92	$7,045
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	174	0	36.56	1.99	$6,361
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	164	0	26.47	2.06	$4,341
Jan 2016	1	0	27.35	2.36	$27
Dec 2015	172	0	32.36	2.00	$5,566
Nov 2015	1	0	38.79	2.17	$39
Oct 2015	171	0	43.55	2.43	$7,447
Sep 2015	1	0	42.99	2.76	$43
Aug 2015	171	0	40.16	2.87	$6,867
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	172	0	55.21	2.96	$9,496
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	174	0	42.89	2.93	$7,463
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	175	0	43.43	3.10	$7,600
Dec 2014	178	0	54.69	3.59	$9,735
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	176	0	78.30	3.90	$13,781
Sep 2014	1	0	86.16	4.05	$86
Aug 2014	165	0	89.39	4.04	$14,749
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	173	0	98.16	4.74	$16,982
May 2014	0	0	94.73	4.73	$0
Apr 2014	6	0	95.94	4.81	$576
Mar 2014	176	0	95.89	5.06	$16,877
Feb 2014	177	0	97.40	6.19	$17,240
Jan 2014	174	0	90.40	4.86	$15,730
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	177	0	97.42	3.78	$17,243
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	175	0	104.25	3.52	$18,244
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	174	0	94.40	3.93	$16,426
May 2013	179	0	94.83	4.15	$16,975
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	177	0	91.23	3.42	$16,148
Jan 2013	176	0	91.60	3.42	$16,122
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	179	0	86.95	3.62	$15,564
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	173	0	94.67	2.92	$16,378
Aug 2012	175	0	92.66	2.91	$16,216
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	173	0	91.61	2.49	$15,849
Apr 2012	179	0	101.65	2.00	$18,195
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	174	0	101.10	2.57	$17,591
Jan 2012	178	0	98.09	2.73	$17,460
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	174	0	95.72	3.31	$16,655
Oct 2011	175	0	84.98	3.65	$14,872
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	177	0	83.40	4.15	$14,762
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	173	0	92.90	4.64	$16,072
May 2011	175	0	98.13	4.40	$17,173
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	175	0	96.36	4.06	$16,863
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	177	0	86.50	4.59	$15,311
Dec 2010	173	0	85.73	4.35	$14,831
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	175	0	78.10	3.51	$13,668
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	179	0	73.68	4.42	$13,189
Jul 2010	178	0	72.55	4.74	$12,914
Jun 2010	0	0	70.36	4.91	$0
May 2010	179	0	71.12	4.24	$12,730
Apr 2010	176	0	81.69	4.12	$14,377
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	178	0	73.58	5.44	$13,097
Jan 2010	177	0	74.36	5.96	$13,162
Dec 2009	1	0	71.44	5.48	$71
Nov 2009	179	0	74.59	3.75	$13,352
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	176	0	65.54	3.06	$11,535
Aug 2009	174	0	67.42	3.22	$11,731
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	179	0	66.16	3.90	$11,843
May 2009	0	0	54.74	3.93	$0
Apr 2009	179	0	46.77	3.59	$8,372
Mar 2009	178	0	42.14	4.06	$7,501
Feb 2009	178	0	32.81	4.63	$5,840
Jan 2009	175	0	35.86	5.37	$6,276
Dec 2008	1	0	37.10	5.98	$37
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	177	0	101.76	7.88	$18,012
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	176	0	131.08	11.39	$23,070
Jun 2008	175	0	131.33	13.03	$22,983
May 2008	0	0	123.17	11.57	$0
Apr 2008	169	0	110.31	10.45	$18,642
Mar 2008	179	0	101.90	9.66	$18,240
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	172	0	90.38	8.21	$15,545
Dec 2007	170	0	88.33	7.30	$15,016
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	175	0	82.85	6.92	$14,499
Sep 2007	175	0	75.84	6.24	$13,272
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	175	0	70.90	6.39	$12,408
Jun 2007	0	0	62.00	7.55	$0
May 2007	174	0	58.74	7.85	$10,221
Apr 2007	172	0	59.61	7.81	$10,253
Mar 2007	169	0	56.92	7.30	$9,619
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	168	0	50.30	6.73	$8,450
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	172	0	54.20	7.62	$9,322
Oct 2006	174	0	54.90	6.01	$9,553
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	174	0	68.71	7.34	$11,956
Jul 2006	175	0	69.37	6.34	$12,140
Jun 2006	0	0	66.28	6.38	$0
May 2006	176	0	66.01	6.42	$11,618
Apr 2006	177	0	64.39	7.36	$11,397
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	173	0	57.59	7.75	$9,963
Jan 2006	175	0	60.59	8.93	$10,603
Dec 2005	1	0	54.94	13.42	$55
Nov 2005	176	0	54.69	10.59	$9,625
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	175	0	61.45	12.08	$10,754
Aug 2005	177	0	61.51	9.80	$10,887
Jul 2005	161	0	55.69	7.84	$8,966
Jun 2005	0	0	52.33	7.38	$0
May 2005	168	0	45.22	6.65	$7,597
Apr 2005	176	0	49.20	7.36	$8,659
Mar 2005	173	0	50.37	7.15	$8,714
Feb 2005	175	0	45.22	6.31	$7,914
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	168	0	39.86	6.75	$6,696
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	146	0	42.37	5.55	$6,186
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	175	0	36.10	6.43	$6,318
May 2004	162	0	37.48	6.49	$6,072
Apr 2004	167	0	34.47	5.86	$5,756
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	167	0	32.45	5.51	$5,419
Jan 2004	175	0	32.03	6.30	$5,605
Dec 2003	171	0	30.26	6.30	$5,174
Nov 2003	170	0	28.80	4.60	$4,896
Oct 2003	171	0	28.17	4.76	$4,817
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	181	0	29.41	5.17	$5,323
Jun 2003	0	0	28.56	5.98	$0
May 2003	181	0	26.59	5.97	$4,813
Apr 2003	179	0	26.67	5.41	$4,774
Mar 2003	312	0	31.14	6.10	$9,716
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	326	0	30.31	5.58	$9,881
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	180	0	26.46	4.23	$4,763
Sep 2002	181	0	27.44	3.64	$4,967
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	178	0	24.58	3.06	$4,375
Jun 2002	0	0	23.73	3.34	$0
May 2002	180	0	24.66	3.58	$4,439
Apr 2002	513	0	23.65	3.51	$12,132
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	178	0	18.22	2.38	$3,243
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	1	0	16.93	2.36	$17
Nov 2001	355	0	18.07	2.41	$6,415
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	347	0	24.87	3.05	$8,630
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	303	0	27.75	5.77	$8,408
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	320	0	32.21	5.66	$10,307
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	335	0	28.53	4.09	$9,558
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	340	0	28.42	2.86	$9,663
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	335	0	24.28	2.42	$8,134
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	343	0	21.75	2.62	$7,460
Aug 1999	5	0	19.26	2.88	$96
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	346	0	15.94	2.36	$5,515
May 1999	0	0	15.79	2.32	$0
Apr 1999	1	0	15.10	2.21	$15
Mar 1999	342	0	12.47	1.84	$4,265
Feb 1999	1	0	9.98	1.82	$10
Jan 1999	342	0	10.38	1.90	$3,550
Dec 1998	2	0	9.20	1.77	$18
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	346	0	12.42	1.97	$4,297
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	335	0	11.74	2.24	$3,933
Jun 1998	1	0	11.24	2.24	$11
May 1998	1	0	12.62	2.21	$13
Apr 1998	341	0	13.04	2.51	$4,447
Mar 1998	1	0	12.80	2.31	$13
Feb 1998	0	0	13.95	2.30	$0
Jan 1998	355	0	14.70	2.15	$5,219
Dec 1997	2	0	16.32	2.41	$33
Nov 1997	1	0	18.19	3.09	$18
Oct 1997	357	0	19.25	3.15	$6,872
Sep 1997	6	0	17.74	2.95	$106
Aug 1997	351	0	17.86	2.55	$6,269
Jul 1997	3	0	17.58	2.25	$53
Jun 1997	0	0	17.24	2.26	$0
May 1997	352	0	18.97	2.31	$6,677
Apr 1997	1	0	17.88	2.08	$18
Mar 1997	364	0	18.95	1.94	$6,898
Feb 1997	1	0	20.49	2.21	$20
Jan 1997	336	0	23.48	3.54	$7,889
Dec 1996	1	0	23.32	—	$23
Nov 1996	0	0	21.97	—	$0
Oct 1996	336	0	23.31	—	$7,832
Sep 1996	277	0	22.22	—	$6,155
Aug 1996	1	0	20.26	—	$20
Jul 1996	358	0	19.55	—	$6,999
Jun 1996	3	0	18.73	—	$56
May 1996	340	58	19.43	—	$6,606
Apr 1996	355	10	21.51	—	$7,636
Mar 1996	1	7	19.38	—	$19
Feb 1996	341	10	16.98	—	$5,790
Jan 1996	362	27	17.07	—	$6,179
Dec 1995	351	101	17.19	—	$6,034
Nov 1995	3	0	16.00	—	$48
Oct 1995	673	46	15.43	—	$10,384
Sep 1995	358	0	16.18	—	$5,792
Aug 1995	2,329	33	15.92	—	$37,078
Jul 1995	0	0	15.24	—	$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.

Sep 2022 — as filed, then multipliedworked

Oil                  164 bbl  × $ 84.88 =    $13,920
Casinghead gas         0 Mcf  × $  8.16 =         $0

────────────────────────────────────────────────────
Month total                                  $13,920

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/34584 is the state's own key, not one this site invented.