OLEX U. S.

Name: OLEX U. S. lease production and value, Apr 2004 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 202409District 09Field 652802002 tax incentive programmesCondensateGasSave Export

Value, all time

$3.1 M

Apr 2004 – Apr 2022

Value, last 12 filed months

at the published price for each month

Months reported

217

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	2004-10-19	158930
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	5,607 bbl	$285,755
Gas	Production	474,467 Mcf	$2,781,732
Total			$3,067,487

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 33.2402, -97.2481. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.24017, -97.24811 · 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

8,840 ft

1 wells filed one

Completion to plug

17.7 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 8,840 ft.

Completions filed

Apr 2004

1 of 1 wells

Plug dates filed

Dec 2021

1 of 1 wells

Last completion to plug: a median of 17.7 years across the 1 well that filed both dates, with the middle half between 17.7 years and 17.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-12132169	2	8,840 ft	Apr 2004	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 (217)

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

217 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	0	0	37.09	1.99	$0
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	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	44	18	59.01	2.30	$2,638
Nov 2019	0	625	55.30	2.75	$1,719
Oct 2019	0	741	53.47	2.42	$1,792
Sep 2019	0	616	55.05	2.66	$1,637
Aug 2019	0	617	53.11	2.30	$1,422
Jul 2019	0	641	56.27	2.46	$1,577
Jun 2019	0	700	52.78	2.49	$1,744
May 2019	0	846	58.48	2.74	$2,318
Apr 2019	0	887	62.63	2.75	$2,440
Mar 2019	0	872	56.80	3.06	$2,670
Feb 2019	0	814	50.85	2.79	$2,273
Jan 2019	0	1,021	46.03	3.23	$3,296
Dec 2018	21	842	46.59	4.19	$4,503
Nov 2018	0	781	52.93	4.24	$3,309
Oct 2018	0	809	61.44	3.40	$2,749
Sep 2018	0	692	59.54	3.11	$2,151
Aug 2018	0	698	59.40	3.07	$2,140
Jul 2018	0	742	65.14	2.93	$2,175
Jun 2018	0	901	60.18	3.08	$2,772
May 2018	0	986	65.38	2.90	$2,860
Apr 2018	45	1,017	63.84	2.90	$5,823
Mar 2018	0	1,021	61.22	2.79	$2,845
Feb 2018	0	1,028	61.78	2.77	$2,844
Jan 2018	0	1,362	62.87	4.01	$5,461
Dec 2017	0	1,175	57.27	2.92	$3,433
Nov 2017	0	1,013	55.42	3.12	$3,159
Oct 2017	0	941	49.29	2.98	$2,808
Sep 2017	0	1,014	47.52	3.09	$3,131
Aug 2017	40	1,048	45.37	3.00	$4,963
Jul 2017	0	1,098	43.87	3.09	$3,390
Jun 2017	0	1,000	42.49	3.09	$3,087
May 2017	0	1,025	45.37	3.26	$3,345
Apr 2017	0	989	47.93	3.21	$3,176
Mar 2017	0	997	46.77	2.98	$2,975
Feb 2017	0	1,137	50.45	2.95	$3,357
Jan 2017	0	1,349	49.41	3.42	$4,612
Dec 2016	0	1,318	48.76	3.72	$4,907
Nov 2016	0	1,334	42.49	2.64	$3,528
Oct 2016	0	1,523	46.19	3.09	$4,706
Sep 2016	48	1,219	41.55	3.10	$5,774
Aug 2016	0	1,299	41.44	2.92	$3,799
Jul 2016	0	1,335	41.62	2.92	$3,904
Jun 2016	0	1,270	45.35	2.69	$3,411
May 2016	0	1,265	42.52	1.99	$2,519
Apr 2016	0	1,462	36.56	1.99	$2,911
Mar 2016	0	1,403	33.01	1.79	$2,517
Feb 2016	0	1,381	26.47	2.06	$2,850
Jan 2016	0	1,514	27.35	2.36	$3,580
Dec 2015	0	1,374	32.36	2.00	$2,750
Nov 2015	0	1,430	38.79	2.17	$3,099
Oct 2015	119	1,368	43.55	2.43	$8,502
Sep 2015	0	1,252	42.99	2.76	$3,454
Aug 2015	0	1,372	40.16	2.87	$3,941
Jul 2015	0	1,252	48.15	2.95	$3,687
Jun 2015	0	1,181	56.15	2.88	$3,405
May 2015	0	1,276	55.21	2.96	$3,771
Apr 2015	0	1,208	49.82	2.71	$3,270
Mar 2015	0	1,291	42.89	2.93	$3,789
Feb 2015	0	1,286	44.66	2.98	$3,827
Jan 2015	170	1,337	43.43	3.10	$11,529
Dec 2014	0	1,336	54.69	3.59	$4,798
Nov 2014	0	1,415	70.46	4.25	$6,016
Oct 2014	0	1,493	78.30	3.90	$5,824
Sep 2014	0	1,312	86.16	4.05	$5,308
Aug 2014	0	1,408	89.39	4.04	$5,681
Jul 2014	0	1,448	96.56	4.18	$6,052
Jun 2014	0	1,332	98.16	4.74	$6,310
May 2014	0	1,448	94.73	4.73	$6,844
Apr 2014	0	1,416	95.94	4.81	$6,810
Mar 2014	0	1,568	95.89	5.06	$7,929
Feb 2014	0	1,168	97.40	6.19	$7,232
Jan 2014	0	1,172	90.40	4.86	$5,697
Dec 2013	0	1,179	91.82	4.35	$5,134
Nov 2013	0	1,289	88.85	3.74	$4,819
Oct 2013	0	1,223	97.42	3.78	$4,622
Sep 2013	0	1,150	104.11	3.72	$4,275
Aug 2013	0	1,557	104.25	3.52	$5,485
Jul 2013	0	1,683	102.52	3.72	$6,257
Jun 2013	0	1,735	94.40	3.93	$6,824
May 2013	0	1,289	94.83	4.15	$5,348
Apr 2013	0	1,204	93.96	4.28	$5,156
Mar 2013	0	1,432	93.62	3.91	$5,603
Feb 2013	0	1,121	91.23	3.42	$3,834
Jan 2013	0	1,341	91.60	3.42	$4,586
Dec 2012	0	1,617	86.77	3.42	$5,530
Nov 2012	0	1,660	86.95	3.62	$6,017
Oct 2012	0	1,734	89.38	3.40	$5,895
Sep 2012	0	1,654	94.67	2.92	$4,827
Aug 2012	156	1,652	92.66	2.91	$19,259
Jul 2012	0	1,635	85.13	3.02	$4,939
Jun 2012	0	1,580	79.82	2.52	$3,980
May 2012	0	1,576	91.61	2.49	$3,922
Apr 2012	0	1,619	101.65	2.00	$3,233
Mar 2012	0	1,830	105.05	2.22	$4,066
Feb 2012	0	1,605	101.10	2.57	$4,125
Jan 2012	0	1,721	98.09	2.73	$4,705
Dec 2011	0	1,902	96.87	3.24	$6,162
Nov 2011	0	1,610	95.72	3.31	$5,331
Oct 2011	0	1,829	84.98	3.65	$6,673
Sep 2011	0	1,645	83.62	3.99	$6,557
Aug 2011	0	1,910	83.40	4.15	$7,925
Jul 2011	0	2,108	94.14	4.52	$9,522
Jun 2011	0	1,910	92.90	4.64	$8,862
May 2011	0	1,701	98.13	4.40	$7,493
Apr 2011	0	1,602	105.96	4.33	$6,942
Mar 2011	0	1,740	96.36	4.06	$7,060
Feb 2011	0	1,505	85.64	4.18	$6,291
Jan 2011	71	1,860	86.50	4.59	$14,677
Dec 2010	0	1,911	85.73	4.35	$8,309
Nov 2010	0	1,775	80.84	3.80	$6,737
Oct 2010	0	1,943	78.10	3.51	$6,818
Sep 2010	179	1,898	72.63	3.98	$20,554
Aug 2010	0	2,039	73.68	4.42	$9,011
Jul 2010	0	2,071	72.55	4.74	$9,809
Jun 2010	0	1,828	70.36	4.91	$8,976
May 2010	0	2,116	71.12	4.24	$8,962
Apr 2010	0	1,962	81.69	4.12	$8,089
Mar 2010	0	2,198	78.39	4.39	$9,646
Feb 2010	0	2,150	73.58	5.44	$11,701
Jan 2010	0	2,650	74.36	5.96	$15,805
Dec 2009	0	2,222	71.44	5.48	$12,185
Nov 2009	178	2,320	74.59	3.75	$21,981
Oct 2009	0	1,586	72.54	4.11	$6,519
Sep 2009	0	784	65.54	3.06	$2,403
Aug 2009	0	906	67.42	3.22	$2,916
Jul 2009	0	902	61.13	3.46	$3,125
Jun 2009	0	1,190	66.16	3.90	$4,635
May 2009	0	927	54.74	3.93	$3,639
Apr 2009	0	609	46.77	3.59	$2,185
Mar 2009	0	1,535	42.14	4.06	$6,231
Feb 2009	0	1,742	32.81	4.63	$8,071
Jan 2009	187	2,436	35.86	5.37	$19,790
Dec 2008	0	2,366	37.10	5.98	$14,142
Nov 2008	0	1,702	55.49	6.86	$11,676
Oct 2008	0	1,909	75.24	6.92	$13,214
Sep 2008	0	2,229	101.76	7.88	$17,558
Aug 2008	0	2,266	114.22	8.48	$19,223
Jul 2008	0	2,224	131.08	11.39	$25,330
Jun 2008	0	2,105	131.33	13.03	$27,434
May 2008	0	2,522	123.17	11.57	$29,190
Apr 2008	0	2,345	110.31	10.45	$24,517
Mar 2008	183	2,734	101.90	9.66	$45,069
Feb 2008	0	2,037	92.53	8.77	$17,866
Jan 2008	0	2,788	90.38	8.21	$22,878
Dec 2007	0	2,263	88.33	7.30	$16,524
Nov 2007	0	2,211	91.67	7.29	$16,122
Oct 2007	0	2,340	82.85	6.92	$16,197
Sep 2007	0	2,473	75.84	6.24	$15,442
Aug 2007	0	2,713	69.06	6.39	$17,330
Jul 2007	0	2,297	70.90	6.39	$14,673
Jun 2007	182	2,039	62.00	7.55	$26,675
May 2007	0	2,323	58.74	7.85	$18,227
Apr 2007	0	3,631	59.61	7.81	$28,341
Mar 2007	0	2,650	56.92	7.30	$19,350
Feb 2007	0	2,645	55.10	8.22	$21,731
Jan 2007	0	3,625	50.30	6.73	$24,385
Dec 2006	0	3,395	56.65	6.92	$23,488
Nov 2006	183	3,370	54.20	7.62	$35,590
Oct 2006	0	3,838	54.90	6.01	$23,081
Sep 2006	0	4,039	60.08	5.04	$20,345
Aug 2006	0	4,306	68.71	7.34	$31,606
Jul 2006	0	4,978	69.37	6.34	$31,574
Jun 2006	0	4,206	66.28	6.38	$26,851
May 2006	180	5,042	66.01	6.42	$44,277
Apr 2006	0	3,577	64.39	7.36	$26,328
Mar 2006	0	6,792	56.70	7.08	$48,107
Feb 2006	184	6,066	57.59	7.75	$57,615
Jan 2006	0	7,021	60.59	8.93	$62,721
Dec 2005	0	5,855	54.94	13.42	$78,547
Nov 2005	0	5,152	54.69	10.59	$54,551
Oct 2005	182	2,312	58.34	13.80	$42,514
Sep 2005	0	1,512	61.45	12.08	$18,263
Aug 2005	0	5,053	61.51	9.80	$49,503
Jul 2005	164	4,611	55.69	7.84	$45,300
Jun 2005	183	5,522	52.33	7.38	$50,334
May 2005	0	6,461	45.22	6.65	$42,973
Apr 2005	183	6,526	49.20	7.36	$57,038
Mar 2005	0	8,327	50.37	7.15	$59,579
Feb 2005	189	8,105	45.22	6.31	$59,705
Jan 2005	0	4,194	43.16	6.32	$26,515
Dec 2004	180	8,133	39.86	6.75	$62,081
Nov 2004	0	8,022	45.28	6.33	$50,783
Oct 2004	183	9,493	49.70	6.52	$70,943
Sep 2004	182	9,471	43.24	5.28	$57,914
Aug 2004	355	11,346	42.37	5.55	$78,019
Jul 2004	181	13,499	38.28	6.08	$89,059
Jun 2004	360	18,809	36.10	6.43	$133,995
May 2004	1,095	32,582	37.48	6.49	$252,647
Apr 2004	0	4,778	34.47	5.86	$27,992

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.

Dec 2019 — as filed, then multipliedworked

Condensate            44 bbl  × $ 59.01 =     $2,596
Gas                   18 Mcf  × $  2.30 =        $41

────────────────────────────────────────────────────
Month total                                   $2,638

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/202409 is the state's own key, not one this site invented.