MCELROY RANCH CO. "F"

Operated by DEVON ENERGY PRODUCTION CO, L.P. (P-5 216378) in the J. CLEO THOMPSON (DETRITAL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 36054District 08Field 44964500OilCasinghead gasSaveExport
Value, all time
$675 k
Aug 1998 – Aug 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
169
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 10 leases and 12 wells, and the rule below applies to all of them.

Discovered
1964-12-02
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: FIELD CHANGED TO ONE WELL FIELD EFF. 8/1/12.

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
OilDisposition6,243 bbl$168,855
Casinghead gasProduction107,308 Mcf$506,016
Total$674,871

Every month this lease reported (169)

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

169 months

Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
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 200902042.144.06$81
Feb 200902332.814.63$107
Jan 200902735.865.37$145
Dec 200802937.105.98$173
Nov 200802855.496.86$192
Oct 200802475.246.92$166
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200804123.1711.57$46
Apr 200800110.3110.45$0
Mar 2008036101.909.66$348
Feb 200801192.538.77$96
Jan 2008012190.388.21$993
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 20063054.906.01$165
Sep 20061123460.085.04$1,840
Aug 20061733468.717.34$3,620
Jul 20061143169.376.34$3,497
Jun 200641,48766.286.38$9,758
May 200601,66966.016.42$10,723
Apr 2006087264.397.36$6,418
Mar 20061090356.707.08$6,963
Feb 2006894057.597.75$7,747
Jan 2006075560.598.93$6,745
Dec 2005071154.9413.42$9,538
Nov 2005074054.6910.59$7,835
Oct 2005466158.3413.80$9,352
Sep 20051662261.4512.08$8,496
Aug 20053160261.519.80$7,805
Jul 20053457455.697.84$6,396
Jun 20054368352.337.38$7,291
May 20056881845.226.65$8,516
Apr 20055589549.207.36$9,294
Mar 2005321,10850.377.15$9,539
Feb 2005271,05945.226.31$7,905
Jan 20052782843.166.32$6,400
Dec 20043582539.866.75$6,965
Nov 20042697345.286.33$7,337
Oct 2004371,06849.706.52$8,797
Sep 20045876743.245.28$6,561
Aug 20044986742.375.55$6,889
Jul 20046297538.286.08$8,305
Jun 20044084436.106.43$6,873
May 20049090337.486.49$9,238
Apr 2004931,18134.475.86$10,125
Mar 20041021,28734.365.53$10,622
Feb 2004891,19332.455.51$9,461
Jan 20041101,27832.036.30$11,574
Dec 2003951,29130.266.30$11,010
Nov 20031111,22428.804.60$8,821
Oct 20031021,34228.174.76$9,261
Sep 2003891,22526.314.75$8,160
Aug 2003941,19029.765.13$8,902
Jul 2003781,26729.415.17$8,845
Jun 2003941,39228.565.98$11,013
May 20031041,38826.595.97$11,055
Apr 2003961,28826.675.41$9,525
Mar 20031051,39431.146.10$11,768
Feb 2003871,32733.487.93$13,430
Jan 20031061,37630.315.58$10,894
Dec 20021081,36526.914.85$9,532
Nov 20021341,04524.664.14$7,628
Oct 2002791,01626.464.23$6,387
Sep 2002941,17427.443.64$6,847
Aug 20028995725.963.16$5,339
Jul 20027092924.583.06$4,565
Jun 20028899923.733.34$5,423
May 20026384624.663.58$4,586
Apr 20023299723.653.51$4,259
Mar 2002261,00722.003.10$3,696
Feb 20022086818.222.38$2,426
Jan 20022794317.172.38$2,704
Dec 20013499716.932.36$2,933
Nov 20012968718.072.41$2,177
Oct 20012382119.782.53$2,531
Sep 20013293124.262.25$2,872
Aug 2001531,04324.873.05$4,503
Jul 2001851,21723.933.20$5,925
Jun 2001881,06224.563.82$6,223
May 2001751,15425.524.31$6,885
Apr 2001421,20824.685.34$7,482
Mar 2001711,04624.545.38$7,366
Feb 20016687227.755.77$6,860
Jan 2001901,01227.478.40$10,972
Dec 2000901,02926.889.12$11,806
Nov 2000741,08032.215.66$8,494
Oct 20006980531.235.15$6,297
Sep 2000931,20531.875.19$9,214
Aug 2000511,42529.644.54$7,982
Jul 2000491,47628.534.09$7,434
Jun 2000471,16829.304.40$6,513
May 2000631,19927.263.68$6,129
Apr 20001061,16924.513.12$6,241
Mar 20001001,21028.422.86$6,302
Feb 2000761,02227.622.73$4,886
Jan 20004985125.272.48$3,349
Dec 1999891,18524.282.42$5,033
Nov 1999881,16623.192.43$4,879
Oct 1999621,29320.982.80$4,926
Sep 1999551,37421.752.62$4,795
Aug 1999751,42819.262.88$5,551
Jul 1999781,46217.892.37$4,864
Jun 1999801,47915.942.36$4,769
May 1999711,56015.792.32$4,742
Apr 1999821,47515.102.21$4,495
Mar 19991471,56612.471.84$4,712
Feb 19991111,4439.981.82$3,731
Jan 19991101,52310.381.90$4,035
Dec 19981071,7429.201.77$4,074
Nov 1998971,57710.892.19$4,503
Oct 19981081,79912.421.97$4,884
Sep 19981072,01612.592.08$5,546
Aug 19983827111.301.91$946

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.

Mar 2009 — as filed, then multipliedworked
Oil                    0 bbl  × $ 42.14 =         $0
Casinghead gas        20 Mcf  × $  4.06 =        $81

────────────────────────────────────────────────────
Month total                                      $81

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/36054 is the state's own key, not one this site invented.