DELTA EAST UNIT

Operated by STRAWN PETROLEUM OPERATING, LLC (P-5 825820) in the GARDEN CITY, S. (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 51592District 08Field 33998500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$27.5 M
Dec 2018 – May 2026
Value, last 12 filed months
$537 k
at the published price for each month
Months reported
90
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 512 leases and 922 wells, and the rule below applies to all of them.

Discovered
1964-03-12
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2014-05-22.

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.

The Commission's schedule remark for this field reads: COMMINGLING FEE. GRANTED PER DOCKET #08-0287087.

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
OilDisposition399,160 bbl$22,838,175
Casinghead gasProduction1,454,625 Mcf$4,679,313
Total$27,517,488

Every month this lease reported (90)

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

90 months

May 20265364,889106.413.05$71,927
Apr 20261794,54998.932.87$30,763
Mar 20261773,71089.753.15$27,570
Feb 20261752,22663.503.75$19,461
Jan 20263593,19059.138.00$46,741
Dec 20251794,02056.664.41$27,884
Nov 20253564,68158.593.93$39,238
Oct 20255315,84159.383.30$50,834
Sep 20253675,84262.743.08$41,001
Aug 20255286,52563.933.01$53,426
Jul 2025713066.743.32$47,586
Jun 20258956,57966.483.13$80,083
May 20253567,18160.553.23$44,767
Apr 20257163,74762.363.54$57,926
Mar 202501,64067.704.27$7,000
Feb 20253633,31970.884.34$40,137
Jan 20257314,33874.324.28$72,889
Dec 20247314,88868.993.12$65,689
Nov 20245391,34669.052.20$40,177
Oct 20245422,46271.372.28$44,299
Sep 20245423,43169.612.36$45,841
Aug 20241783,96975.632.06$21,653
Jul 20248854,47679.932.15$80,346
Jun 20247144,65178.082.63$68,000
May 20247225,98178.812.20$70,050
Apr 20249036,48984.451.66$87,025
Mar 20241803,12980.301.55$19,289
Feb 20249167,27276.091.78$82,669
Jan 20241823,52273.023.30$24,904
Dec 20239017,83271.262.61$84,652
Nov 20231853,87477.892.81$25,286
Oct 20239309,34385.443.09$108,304
Sep 202372511,87189.042.74$97,022
Aug 202391713,31780.522.67$109,432
Jul 20231,10316,01874.852.64$124,876
Jun 20231,43915,92968.962.26$135,209
May 20231,27113,18070.622.23$119,115
Apr 202390612,54878.122.24$98,856
Mar 20232,07416,25272.852.39$189,985
Feb 202392310,63575.112.47$95,549
Jan 20231,1239,40976.533.39$117,818
Dec 20221,11512,80876.415.73$158,575
Nov 20221,33911,30085.005.65$177,617
Oct 20222,19015,10887.185.86$279,514
Sep 20221,09616,34384.888.16$226,448
Aug 20222,00515,70394.529.13$332,836
Jul 20221,97414,357101.587.54$308,801
Jun 20222,64111,597115.097.98$396,464
May 20222,04417,484109.378.43$370,996
Apr 20222,10020,676104.226.84$360,236
Mar 20222,48020,889108.885.08$376,063
Feb 20222,85717,46691.054.86$344,994
Jan 20223,01417,77881.844.54$327,337
Dec 20212,45414,23071.323.90$230,504
Nov 20212,31412,53777.435.24$244,827
Oct 20213,82015,61979.795.71$394,043
Sep 20213,91313,37269.865.35$344,915
Aug 20216,26684566.024.22$417,248
Jul 20215,40311,69270.783.98$428,983
Jun 20211,98710,67369.493.38$174,158
May 20213,04920,21963.483.02$254,565
Apr 20213,02323,11960.362.76$246,240
Mar 20213,57022,91161.302.72$281,089
Feb 20212,87613,70657.805.55$242,273
Jan 20213,72118,77950.412.81$240,350
Dec 20203,24619,88944.642.68$198,114
Nov 20203,79416,88938.772.71$192,805
Oct 20203,23819,19236.972.48$167,275
Sep 20204,10321,61437.091.99$195,215
Aug 20205,33427,01139.982.39$277,677
Jul 20205,38624,69938.371.83$251,739
Jun 20206,07722,55134.901.69$250,205
May 20204,32216,81816.921.81$103,649
Apr 20203,56414,53414.751.80$78,794
Mar 20205,88828,07730.341.86$230,759
Feb 20206,36936,70249.881.98$390,380
Jan 20207,39741,81057.252.09$511,059
Dec 20199,23944,96459.012.30$648,807
Nov 20198,90140,97155.302.75$604,924
Oct 201910,81647,99553.472.42$694,409
Sep 201912,32649,79155.052.66$810,855
Aug 201915,36560,30553.112.30$955,000
Jul 201917,07054,22956.272.46$1,093,935
Jun 201919,80051,35452.782.49$1,172,977
May 201924,01749,86558.482.74$1,541,160
Apr 201927,42442,98262.632.75$1,835,796
Mar 201932,13943,96556.803.06$1,960,120
Feb 201930,16433,98750.852.79$1,628,739
Jan 201927,51610,95246.033.23$1,301,917
Dec 201811,72216746.594.19$546,827

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.

May 2026 — as filed, then multipliedworked
Oil                  536 bbl  × $106.41 =    $57,036
Casinghead gas     4,889 Mcf  × $  3.05 =    $14,891

────────────────────────────────────────────────────
Month total                                  $71,927

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/51592 is the state's own key, not one this site invented.