LONZO-MEDLIN

Operated by QUICKSILVER RESOURCES INC. (P-5 684830) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 199480District 09Field 65280200CondensateGasSaveExport
Value, all time
$1.1 M
Jul 2003 – Mar 2011
Value, last 12 filed months
$0
at the published price for each month
Months reported
93
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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
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 20 acres. The field rule took effect on 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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
CondensateDisposition9 bbl$467
GasProduction158,223 Mcf$1,134,407
Total$1,134,874

Every month this lease reported (93)

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

93 months

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 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 2008012101.767.88$95
Aug 200802,021114.228.48$17,144
Jul 200803,061131.0811.39$34,863
Jun 200802,304131.3313.03$30,027
May 200803,939123.1711.57$45,591
Apr 200803,250110.3110.45$33,978
Mar 200801,638101.909.66$15,830
Feb 200802,35492.538.77$20,646
Jan 200802,32090.388.21$19,037
Dec 200701,55888.337.30$11,376
Nov 200703,70991.677.29$27,045
Oct 200703,13582.856.92$21,700
Sep 200703,08375.846.24$19,251
Aug 200705,27069.066.39$33,664
Jul 200706,32470.906.39$40,397
Jun 200704,51462.007.55$34,074
May 200706,18558.747.85$48,529
Apr 200704,86859.617.81$37,996
Mar 200723,63756.927.30$26,671
Feb 200703,86555.108.22$31,755
Jan 200746,19450.306.73$41,867
Dec 200613,28456.656.92$22,777
Nov 200603,70254.207.62$28,200
Oct 200603,48954.906.01$20,982
Sep 200605,27760.085.04$26,581
Aug 200606,56468.717.34$48,179
Jul 200601,00069.376.34$6,343
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
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 200502752.337.38$199
May 200501,55745.226.65$10,356
Apr 200504,36249.207.36$32,106
Mar 200504,07750.377.15$29,170
Feb 200505,84645.226.31$36,899
Jan 200506,34843.166.32$40,133
Dec 2004010,19739.866.75$68,841
Nov 200418,24445.286.33$52,233
Oct 200417,42249.706.52$48,405
Sep 2004013,04943.245.28$68,950
Aug 2004053742.375.55$2,981
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$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 2008 — as filed, then multipliedworked
Condensate             0 bbl  × $101.76 =         $0
Gas                   12 Mcf  × $  7.88 =        $95

────────────────────────────────────────────────────
Month total                                      $95

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/199480 is the state's own key, not one this site invented.