LAST CHANCE
Operated by BROWN, H.L. OPERATING, L.L.C. (P-5 100263) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.
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 | 2,413 bbl | $151,364 |
| Total | $151,364 | ||
Every month this lease reported (11)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
11 months
| Nov 2018 | 0 | 52.93 | 4.24 | $0 |
| Oct 2018 | 0 | 61.44 | 3.40 | $0 |
| Sep 2018 | 0 | 59.54 | 3.11 | $0 |
| Aug 2018 | 108 | 59.40 | 3.07 | $6,415 |
| Jul 2018 | 178 | 65.14 | 2.93 | $11,595 |
| Jun 2018 | 0 | 60.18 | 3.08 | $0 |
| May 2018 | 179 | 65.38 | 2.90 | $11,703 |
| Apr 2018 | 169 | 63.84 | 2.90 | $10,789 |
| Mar 2018 | 355 | 61.22 | 2.79 | $21,733 |
| Feb 2018 | 365 | 61.78 | 2.77 | $22,550 |
| Jan 2018 | 1,059 | 62.87 | 4.01 | $66,579 |
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.
Oil 108 bbl × $ 59.40 = $6,415 ──────────────────────────────────────────────────── Month total $6,415
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/49359 is the state's own key, not one this site invented.