OLEX U. S.

Name: OLEX U. S. lease production and value, Dec 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BRILEY OPERATING, LLC (P-5 93352) 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 200105District 09Field 652802002 tax incentive programmesCondensateGasSave Export

Value, all time

$3.2 M

Dec 2003 – Apr 2022

Value, last 12 filed months

at the published price for each month

Months reported

221

no gaps in the span

Streams

condensate, gas

The NEWARK, EAST (BARNETT SHALE) field

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”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2004-06-30	156826
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
Condensate	Disposition	1,251 bbl	$75,790
Gas	Production	549,930 Mcf	$3,148,892
Total			$3,224,682

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 33.2214, -97.2649. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.22140, -97.26488 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

8,695 ft

1 wells filed one

Completion to plug

18.0 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 8,695 ft.

Completions filed

Dec 2003

1 of 1 wells

Plug dates filed

Dec 2021

1 of 1 wells

Last completion to plug: a median of 18.0 years across the 1 well that filed both dates, with the middle half between 18.0 years and 18.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-12131989	1	8,695 ft	Dec 2003	Dec 2021	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (221)

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

221 months


Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	22	0	37.09	1.99	$816
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	18	14.75	1.80	$32
Mar 2020	46	1,137	30.34	1.86	$3,506
Feb 2020	0	996	49.88	1.98	$1,973
Jan 2020	0	942	57.25	2.09	$1,973
Dec 2019	0	1,004	59.01	2.30	$2,314
Nov 2019	0	1,143	55.30	2.75	$3,144
Oct 2019	0	864	53.47	2.42	$2,090
Sep 2019	0	862	55.05	2.66	$2,291
Aug 2019	0	915	53.11	2.30	$2,108
Jul 2019	0	989	56.27	2.46	$2,433
Jun 2019	0	961	52.78	2.49	$2,394
May 2019	0	1,016	58.48	2.74	$2,784
Apr 2019	0	943	62.63	2.75	$2,594
Mar 2019	0	1,035	56.80	3.06	$3,169
Feb 2019	0	904	50.85	2.79	$2,524
Jan 2019	0	1,026	46.03	3.23	$3,312
Dec 2018	45	1,074	46.59	4.19	$6,592
Nov 2018	0	1,027	52.93	4.24	$4,352
Oct 2018	0	1,132	61.44	3.40	$3,847
Sep 2018	0	977	59.54	3.11	$3,037
Aug 2018	0	785	59.40	3.07	$2,407
Jul 2018	0	908	65.14	2.93	$2,662
Jun 2018	0	781	60.18	3.08	$2,403
May 2018	0	794	65.38	2.90	$2,303
Apr 2018	0	973	63.84	2.90	$2,822
Mar 2018	0	1,073	61.22	2.79	$2,990
Feb 2018	0	1,267	61.78	2.77	$3,505
Jan 2018	0	1,258	62.87	4.01	$5,044
Dec 2017	0	1,321	57.27	2.92	$3,859
Nov 2017	0	903	55.42	3.12	$2,816
Oct 2017	0	904	49.29	2.98	$2,697
Sep 2017	0	1,113	47.52	3.09	$3,436
Aug 2017	0	1,217	45.37	3.00	$3,656
Jul 2017	0	1,207	43.87	3.09	$3,726
Jun 2017	160	1,124	42.49	3.09	$10,269
May 2017	0	1,035	45.37	3.26	$3,378
Apr 2017	0	1,268	47.93	3.21	$4,072
Mar 2017	0	1,307	46.77	2.98	$3,900
Feb 2017	0	1,473	50.45	2.95	$4,349
Jan 2017	0	1,638	49.41	3.42	$5,600
Dec 2016	0	1,505	48.76	3.72	$5,603
Nov 2016	0	1,432	42.49	2.64	$3,787
Oct 2016	0	1,282	46.19	3.09	$3,962
Sep 2016	0	1,194	41.55	3.10	$3,702
Aug 2016	0	1,331	41.44	2.92	$3,892
Jul 2016	0	1,291	41.62	2.92	$3,775
Jun 2016	0	1,218	45.35	2.69	$3,271
May 2016	0	1,284	42.52	1.99	$2,557
Apr 2016	0	1,106	36.56	1.99	$2,202
Mar 2016	0	1,262	33.01	1.79	$2,264
Feb 2016	0	1,241	26.47	2.06	$2,561
Jan 2016	0	1,374	27.35	2.36	$3,249
Dec 2015	0	1,327	32.36	2.00	$2,656
Nov 2015	0	1,468	38.79	2.17	$3,182
Oct 2015	0	1,316	43.55	2.43	$3,193
Sep 2015	0	1,170	42.99	2.76	$3,227
Aug 2015	0	1,219	40.16	2.87	$3,502
Jul 2015	0	1,263	48.15	2.95	$3,720
Jun 2015	0	1,291	56.15	2.88	$3,722
May 2015	0	1,420	55.21	2.96	$4,197
Apr 2015	0	1,350	49.82	2.71	$3,654
Mar 2015	0	1,270	42.89	2.93	$3,727
Feb 2015	0	1,239	44.66	2.98	$3,688
Jan 2015	0	1,730	43.43	3.10	$5,364
Dec 2014	0	1,702	54.69	3.59	$6,112
Nov 2014	0	1,550	70.46	4.25	$6,590
Oct 2014	0	1,706	78.30	3.90	$6,655
Sep 2014	0	1,537	86.16	4.05	$6,218
Aug 2014	0	1,606	89.39	4.04	$6,480
Jul 2014	0	1,553	96.56	4.18	$6,491
Jun 2014	159	1,440	98.16	4.74	$22,429
May 2014	0	1,550	94.73	4.73	$7,326
Apr 2014	0	1,486	95.94	4.81	$7,146
Mar 2014	0	1,554	95.89	5.06	$7,858
Feb 2014	0	1,196	97.40	6.19	$7,406
Jan 2014	0	1,437	90.40	4.86	$6,985
Dec 2013	0	1,691	91.82	4.35	$7,363
Nov 2013	0	1,466	88.85	3.74	$5,480
Oct 2013	0	1,627	97.42	3.78	$6,149
Sep 2013	0	1,581	104.11	3.72	$5,878
Aug 2013	0	1,580	104.25	3.52	$5,566
Jul 2013	0	1,568	102.52	3.72	$5,829
Jun 2013	0	1,614	94.40	3.93	$6,349
May 2013	0	1,516	94.83	4.15	$6,290
Apr 2013	0	1,416	93.96	4.28	$6,064
Mar 2013	0	1,047	93.62	3.91	$4,097
Feb 2013	0	1,259	91.23	3.42	$4,306
Jan 2013	0	1,405	91.60	3.42	$4,805
Dec 2012	0	1,738	86.77	3.42	$5,944
Nov 2012	0	1,603	86.95	3.62	$5,811
Oct 2012	0	1,625	89.38	3.40	$5,524
Sep 2012	0	1,501	94.67	2.92	$4,381
Aug 2012	0	1,500	92.66	2.91	$4,362
Jul 2012	0	1,499	85.13	3.02	$4,528
Jun 2012	0	1,673	79.82	2.52	$4,214
May 2012	0	1,618	91.61	2.49	$4,026
Apr 2012	0	1,647	101.65	2.00	$3,289
Mar 2012	0	1,827	105.05	2.22	$4,060
Feb 2012	0	1,540	101.10	2.57	$3,958
Jan 2012	0	1,876	98.09	2.73	$5,129
Dec 2011	0	1,835	96.87	3.24	$5,945
Nov 2011	0	1,727	95.72	3.31	$5,719
Oct 2011	0	1,771	84.98	3.65	$6,462
Sep 2011	0	2,103	83.62	3.99	$8,382
Aug 2011	0	1,256	83.40	4.15	$5,212
Jul 2011	0	1,700	94.14	4.52	$7,679
Jun 2011	0	1,628	92.90	4.64	$7,554
May 2011	0	1,655	98.13	4.40	$7,290
Apr 2011	0	1,593	105.96	4.33	$6,903
Mar 2011	0	2,916	96.36	4.06	$11,831
Feb 2011	0	1,920	85.64	4.18	$8,026
Jan 2011	96	2,234	86.50	4.59	$18,555
Dec 2010	0	2,849	85.73	4.35	$12,387
Nov 2010	0	2,406	80.84	3.80	$9,132
Oct 2010	0	2,651	78.10	3.51	$9,302
Sep 2010	0	2,336	72.63	3.98	$9,296
Aug 2010	0	1,842	73.68	4.42	$8,140
Jul 2010	0	2,882	72.55	4.74	$13,651
Jun 2010	0	4,213	70.36	4.91	$20,688
May 2010	0	9,899	71.12	4.24	$41,924
Apr 2010	0	9,477	81.69	4.12	$39,071
Mar 2010	0	2,935	78.39	4.39	$12,881
Feb 2010	0	1,515	73.58	5.44	$8,245
Jan 2010	0	2,066	74.36	5.96	$12,322
Dec 2009	0	3,112	71.44	5.48	$17,065
Nov 2009	0	3,288	74.59	3.75	$12,335
Oct 2009	165	2,554	72.54	4.11	$22,467
Sep 2009	0	1,742	65.54	3.06	$5,339
Aug 2009	0	2,064	67.42	3.22	$6,643
Jul 2009	0	1,896	61.13	3.46	$6,569
Jun 2009	0	1,919	66.16	3.90	$7,475
May 2009	0	2,132	54.74	3.93	$8,370
Apr 2009	0	3,065	46.77	3.59	$10,996
Mar 2009	0	3,662	42.14	4.06	$14,864
Feb 2009	0	3,044	32.81	4.63	$14,103
Jan 2009	0	2,675	35.86	5.37	$14,367
Dec 2008	0	2,677	37.10	5.98	$16,001
Nov 2008	0	2,345	55.49	6.86	$16,088
Oct 2008	0	2,360	75.24	6.92	$16,336
Sep 2008	0	2,385	101.76	7.88	$18,787
Aug 2008	0	2,352	114.22	8.48	$19,952
Jul 2008	0	2,239	131.08	11.39	$25,501
Jun 2008	0	2,466	131.33	13.03	$32,138
May 2008	0	2,748	123.17	11.57	$31,806
Apr 2008	0	2,579	110.31	10.45	$26,963
Mar 2008	0	2,643	101.90	9.66	$25,542
Feb 2008	0	2,564	92.53	8.77	$22,488
Jan 2008	0	2,801	90.38	8.21	$22,984
Dec 2007	0	2,906	88.33	7.30	$21,220
Nov 2007	0	2,955	91.67	7.29	$21,547
Oct 2007	0	3,040	82.85	6.92	$21,043
Sep 2007	0	2,747	75.84	6.24	$17,153
Aug 2007	0	2,851	69.06	6.39	$18,212
Jul 2007	0	2,569	70.90	6.39	$16,411
Jun 2007	0	1,885	62.00	7.55	$14,229
May 2007	0	2,491	58.74	7.85	$19,545
Apr 2007	0	3,556	59.61	7.81	$27,755
Mar 2007	0	3,314	56.92	7.30	$24,199
Feb 2007	185	3,339	55.10	8.22	$37,627
Jan 2007	0	4,385	50.30	6.73	$29,497
Dec 2006	0	5,318	56.65	6.92	$36,792
Nov 2006	0	4,554	54.20	7.62	$34,690
Oct 2006	0	4,760	54.90	6.01	$28,626
Sep 2006	0	3,856	60.08	5.04	$19,423
Aug 2006	0	3,992	68.71	7.34	$29,301
Jul 2006	0	3,681	69.37	6.34	$23,348
Jun 2006	0	3,394	66.28	6.38	$21,667
May 2006	0	3,738	66.01	6.42	$24,017
Apr 2006	0	3,843	64.39	7.36	$28,286
Mar 2006	0	5,423	56.70	7.08	$38,411
Feb 2006	0	5,421	57.59	7.75	$42,019
Jan 2006	0	6,158	60.59	8.93	$55,011
Dec 2005	0	6,166	54.94	13.42	$82,719
Nov 2005	184	6,203	54.69	10.59	$75,743
Oct 2005	0	3,556	58.34	13.80	$49,058
Sep 2005	0	3,626	61.45	12.08	$43,798
Aug 2005	0	4,558	61.51	9.80	$44,654
Jul 2005	0	4,711	55.69	7.84	$36,951
Jun 2005	0	4,577	52.33	7.38	$33,783
May 2005	0	4,951	45.22	6.65	$32,930
Apr 2005	0	5,994	49.20	7.36	$44,119
Mar 2005	0	6,740	50.37	7.15	$48,224
Feb 2005	189	8,079	45.22	6.31	$59,541
Jan 2005	0	7,472	43.16	6.32	$47,239
Dec 2004	0	7,997	39.86	6.75	$53,988
Nov 2004	0	6,959	45.28	6.33	$44,053
Oct 2004	0	5,117	49.70	6.52	$33,338
Sep 2004	0	3,216	43.24	5.28	$16,993
Aug 2004	0	4,549	42.37	5.55	$25,250
Jul 2004	0	5,474	38.28	6.08	$33,305
Jun 2004	0	12,926	36.10	6.43	$83,153
May 2004	0	10,190	37.48	6.49	$66,180
Apr 2004	0	12,297	34.47	5.86	$72,041
Mar 2004	0	14,841	34.36	5.53	$82,073
Feb 2004	0	17,811	32.45	5.51	$98,132
Jan 2004	0	21,794	32.03	6.30	$137,294
Dec 2003	0	12,598	30.26	6.30	$79,388

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 2020 — as filed, then multipliedworked

Condensate            22 bbl  × $ 37.09 =       $816
Gas                    0 Mcf  × $  1.99 =         $0

────────────────────────────────────────────────────
Month total                                     $816

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/200105 is the state's own key, not one this site invented.