HOOVER, H. P.

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

Gas lease lease 113936District 09Field 10574520CondensateGasSaveExport
Value, all time
$155 k
Jan 1993 – Feb 2006
Value, last 12 filed months
$0
at the published price for each month
Months reported
158
no gaps in the span
Streams
2
condensate, 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 3,438 leases and 3,443 wells, and the rule below applies to all of them.

Discovered
1945-05-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1991-06-10.

The Commission's schedule remark for this field reads: AMOUNT HAD BEEN CALCULATED FOR 5/1/97.

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
CondensateDisposition1 bbl$14
GasProduction70,854 Mcf$155,202
Total$155,216

31,363 Mcf of this lease's gas, across 48 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 (158)

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

158 months

Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 2005031545.226.31$1,988
Jan 2005036443.166.32$2,301
Dec 2004038139.866.75$2,572
Nov 2004034945.286.33$2,209
Oct 2004051949.706.52$3,381
Sep 2004037043.245.28$1,955
Aug 2004047642.375.55$2,642
Jul 2004039538.286.08$2,403
Jun 2004043736.106.43$2,811
May 2004033737.486.49$2,189
Apr 2004035434.475.86$2,074
Mar 2004037334.365.53$2,063
Feb 2004034532.455.51$1,901
Jan 2004033432.036.30$2,104
Dec 2003020030.266.30$1,260
Nov 2003040228.804.60$1,847
Oct 2003045928.174.76$2,185
Sep 2003045326.314.75$2,151
Aug 2003043929.765.13$2,252
Jul 2003036529.415.17$1,887
Jun 2003035828.565.98$2,142
May 2003038826.595.97$2,317
Apr 2003040426.675.41$2,185
Mar 2003038831.146.10$2,365
Feb 2003034733.487.93$2,750
Jan 2003049830.315.58$2,780
Dec 2002050426.914.85$2,446
Nov 2002050624.664.14$2,093
Oct 2002057426.464.23$2,428
Sep 2002047727.443.64$1,734
Aug 2002053325.963.16$1,687
Jul 2002051024.583.06$1,562
Jun 2002041723.733.34$1,392
May 2002037824.663.58$1,355
Apr 2002027323.653.51$959
Mar 2002025622.003.10$794
Feb 2002045718.222.38$1,086
Jan 2002050717.172.38$1,204
Dec 2001051516.932.36$1,218
Nov 2001043918.072.41$1,056
Oct 2001039319.782.53$994
Sep 2001050324.262.25$1,132
Aug 2001044024.873.05$1,343
Jul 2001033423.933.20$1,068
Jun 2001032624.563.82$1,247
May 2001040625.524.31$1,749
Apr 2001027724.685.34$1,478
Mar 2001048524.545.38$2,608
Feb 2001040827.755.77$2,353
Jan 2001042627.478.40$3,578
Dec 2000054726.889.12$4,990
Nov 2000042732.215.66$2,416
Oct 2000040131.235.15$2,063
Sep 2000048031.875.19$2,490
Aug 2000048929.644.54$2,220
Jul 2000045328.534.09$1,853
Jun 2000055329.304.40$2,432
May 2000064327.263.68$2,366
Apr 2000044824.513.12$1,396
Mar 2000057428.422.86$1,642
Feb 2000055127.622.73$1,502
Jan 2000039825.272.48$987
Dec 1999028724.282.42$696
Nov 1999026223.192.43$638
Oct 1999025920.982.80$726
Sep 1999023321.752.62$610
Aug 1999018119.262.88$520
Jul 1999016217.892.37$384
Jun 1999016615.942.36$392
May 1999015915.792.32$369
Apr 1999014615.102.21$322
Mar 1999017712.471.84$325
Feb 199901589.981.82$287
Jan 1999022010.381.90$418
Dec 199801319.201.77$232
Nov 1998019910.892.19$435
Oct 1998021412.421.97$421
Sep 1998025812.592.08$537
Aug 1998035611.301.91$679
Jul 1998036711.742.24$821
Jun 1998038611.242.24$864
May 1998046712.622.21$1,030
Apr 1998042213.042.51$1,057
Mar 1998041412.802.31$956
Feb 1998050313.952.30$1,156
Jan 1998056014.702.15$1,207
Dec 1997045916.322.41$1,107
Nov 1997044218.193.09$1,365
Oct 1997043519.253.15$1,370
Sep 1997046217.742.95$1,365
Aug 1997053517.862.55$1,367
Jul 1997053317.582.25$1,198
Jun 1997050717.242.26$1,144
May 1997064218.972.31$1,482
Apr 1997051717.882.08$1,077
Mar 1997058418.951.94$1,132
Feb 1997062520.492.21$1,379
Jan 1997070523.483.54$2,495
Dec 1996078223.32$0
Nov 1996058421.97$0
Oct 1996072823.31$0
Sep 1996060322.22$0
Aug 1996072820.26$0
Jul 1996052819.55$0
Jun 1996067318.73$0
May 1996050519.43$0
Apr 1996057921.51$0
Mar 1996064119.38$0
Feb 1996073416.98$0
Jan 1996067517.07$0
Dec 1995071517.19$0
Nov 1995058216.00$0
Oct 1995010715.43$0
Sep 1995063316.18$0
Aug 1995054215.92$0
Jul 1995056415.24$0
Jun 1995057816.41$0
May 1995062717.56$0
Apr 1995060017.73$0
Mar 1995067816.44$0
Feb 1995071616.58$0
Jan 1995088615.92$0
Dec 1994088815.03$0
Nov 1994074315.90$0
Oct 1994080415.58$0
Sep 1994076315.29$0
Aug 1994078516.13$0
Jul 1994076517.56$0
Jun 1994073617.09$0
May 1994077215.88$0
Apr 1994065814.14$0
Mar 1994063212.46$0
Feb 1994064312.50$0
Jan 1994061312.66$0
Dec 1993064112.33$0
Nov 1993163714.49$14
Oct 1993067215.85$0
Sep 1993071115.03$0
Aug 1993049215.66$0
Jul 1993063115.46$0
Jun 1993067616.79$0
May 1993069417.68$0
Apr 1993062218.05$0
Mar 1993061418.14$0
Feb 1993054917.90$0
Jan 1993063416.93$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.

Feb 2005 — as filed, then multipliedworked
Condensate             0 bbl  × $ 45.22 =         $0
Gas                  315 Mcf  × $  6.31 =     $1,988

────────────────────────────────────────────────────
Month total                                   $1,988

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. 09/G/113936 is the state's own key, not one this site invented.