BAGBY

Operated by BUFFCO PRODUCTION INC. (P-5 106406) 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 203400District 09Field 65280200CondensateGasSaveExport
Value, all time
$1.3 M
Jul 2004 – Oct 2016
Value, last 12 filed months
$1 k
at the published price for each month
Months reported
148
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
CondensateDisposition2 bbl$91
GasProduction209,890 Mcf$1,318,000
Total$1,318,091

Every month this lease reported (148)

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

148 months

Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 201601336.561.99$26
Mar 2016033433.011.79$599
Feb 2016013526.472.06$279
Jan 201603827.352.36$90
Dec 201503832.362.00$76
Nov 2015018138.792.17$392
Oct 2015018043.552.43$437
Sep 2015019942.992.76$549
Aug 2015019640.162.87$563
Jul 2015022648.152.95$666
Jun 2015013456.152.88$386
May 2015016355.212.96$482
Apr 2015020549.822.71$555
Mar 2015017342.892.93$508
Feb 2015015944.662.98$473
Jan 2015016243.433.10$502
Dec 2014019054.693.59$682
Nov 2014019670.464.25$833
Oct 2014027978.303.90$1,088
Sep 2014012886.164.05$518
Aug 2014011789.394.04$472
Jul 2014012796.564.18$531
Jun 201409298.164.74$436
May 2014019994.734.73$941
Apr 2014024795.944.81$1,188
Mar 2014027695.895.06$1,396
Feb 2014026697.406.19$1,647
Jan 2014029290.404.86$1,419
Dec 2013030891.824.35$1,341
Nov 2013029788.853.74$1,110
Oct 2013029897.423.78$1,126
Sep 20130407104.113.72$1,513
Aug 20130458104.253.52$1,613
Jul 20130518102.523.72$1,926
Jun 2013046794.403.93$1,837
May 2013049494.834.15$2,050
Apr 2013064293.964.28$2,749
Mar 2013055793.623.91$2,179
Feb 2013044591.233.42$1,522
Jan 2013020491.603.42$698
Dec 2012042686.773.42$1,457
Nov 2012033386.953.62$1,207
Oct 2012025489.383.40$864
Sep 2012027594.672.92$803
Aug 2012022592.662.91$654
Jul 20120085.133.02$0
Jun 2012027179.822.52$683
May 2012034591.612.49$858
Apr 20120339101.652.00$677
Mar 20120258105.052.22$573
Feb 20120166101.102.57$427
Jan 2012010598.092.73$287
Dec 2011021996.873.24$710
Nov 2011031695.723.31$1,046
Oct 2011067584.983.65$2,463
Sep 2011093783.623.99$3,735
Aug 201101,03783.404.15$4,303
Jul 2011096294.144.52$4,346
Jun 2011094992.904.64$4,403
May 2011096898.134.40$4,264
Apr 201101,080105.964.33$4,680
Mar 201101,08996.364.06$4,418
Feb 201101,05085.644.18$4,389
Jan 2011097486.504.59$4,469
Dec 201001,34985.734.35$5,865
Nov 201001,31380.843.80$4,983
Oct 201001,33278.103.51$4,674
Sep 201001,33272.633.98$5,301
Aug 201001,31073.684.42$5,789
Jul 201001,42972.554.74$6,768
Jun 201001,57170.364.91$7,714
May 201001,31971.124.24$5,586
Apr 201001,70381.694.12$7,021
Mar 201001,82578.394.39$8,009
Feb 201001,89573.585.44$10,313
Jan 201001,77374.365.96$10,574
Dec 2009051571.445.48$2,824
Nov 2009033474.593.75$1,253
Oct 2009091972.544.11$3,777
Sep 200901,55465.543.06$4,763
Aug 2009092867.423.22$2,987
Jul 2009036361.133.46$1,258
Jun 2009040166.163.90$1,562
May 2009047254.743.93$1,853
Apr 2009068046.773.59$2,440
Mar 2009094842.144.06$3,848
Feb 2009064132.814.63$2,970
Jan 200901,41135.865.37$7,578
Dec 200801,27537.105.98$7,621
Nov 2008096655.496.86$6,627
Oct 2008075975.246.92$5,254
Sep 20080594101.767.88$4,679
Aug 20080525114.228.48$4,454
Jul 20080533131.0811.39$6,071
Jun 20080496131.3313.03$6,464
May 20080318123.1711.57$3,681
Apr 20080437110.3110.45$4,569
Mar 20080248101.909.66$2,397
Feb 2008035692.538.77$3,122
Jan 2008023690.388.21$1,937
Dec 2007018888.337.30$1,373
Nov 2007048891.677.29$3,558
Oct 200708082.856.92$554
Sep 2007015575.846.24$968
Aug 2007024769.066.39$1,578
Jul 2007027670.906.39$1,763
Jun 200701,03962.007.55$7,843
May 200701,53958.747.85$12,075
Apr 200701,64759.617.81$12,855
Mar 200701,86856.927.30$13,640
Feb 200701,07255.108.22$8,808
Jan 200701,40450.306.73$9,445
Dec 200602,47456.656.92$17,116
Nov 200602,83354.207.62$21,580
Oct 200602,20454.906.01$13,254
Sep 200603,08360.085.04$15,530
Aug 200603,08568.717.34$22,644
Jul 200603,09269.376.34$19,612
Jun 200603,20666.286.38$20,467
May 200603,24066.016.42$20,817
Apr 200603,54364.397.36$26,078
Mar 200603,99856.707.08$28,318
Feb 200603,15657.597.75$24,463
Jan 200603,35660.598.93$29,980
Dec 200503,34654.9413.42$44,888
Nov 200502,92854.6910.59$31,003
Oct 200502,39758.3413.80$33,068
Sep 2005031361.4512.08$3,781
Aug 200501,24861.519.80$12,226
Jul 200503,63255.697.84$28,488
Jun 200504,17452.337.38$30,808
May 200504,37545.226.65$29,099
Apr 200505,53149.207.36$40,711
Mar 200505,53850.377.15$39,624
Feb 200501,34045.226.31$8,458
Jan 200502,76243.166.32$17,462
Dec 200406,11639.866.75$41,290
Nov 200426,97445.286.33$44,239
Oct 200407,15049.706.52$46,583
Sep 2004010,94343.245.28$57,822
Aug 2004025,35842.375.55$140,754
Jul 2004011,13938.286.08$67,772

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.

Apr 2016 — as filed, then multipliedworked
Condensate             0 bbl  × $ 36.56 =         $0
Gas                   13 Mcf  × $  1.99 =        $26

────────────────────────────────────────────────────
Month total                                      $26

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/203400 is the state's own key, not one this site invented.