POWELL

Operated by CROWN EQUIPMENT CO. (P-5 191534) 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 203427District 09Field 65280200CondensateGasSaveExport
Value, all time
$1.2 M
Aug 2004 – Jun 2023
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
227
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
CondensateDisposition714 bbl$43,946
GasProduction194,717 Mcf$1,145,897
Total$1,189,843

Every month this lease reported (227)

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

227 months

Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 202302178.122.24$47
Mar 202309172.852.39$218
Feb 2023013375.112.47$328
Jan 2023011676.533.39$393
Dec 2022011076.415.73$630
Nov 2022014985.005.65$841
Oct 2022021887.185.86$1,278
Sep 2022013384.888.16$1,086
Aug 2022016694.529.13$1,515
Jul 20220175101.587.54$1,320
Jun 20220199115.097.98$1,587
May 20220173109.378.43$1,459
Apr 20220226104.226.84$1,545
Mar 20220247108.885.08$1,254
Feb 2022020091.054.86$972
Jan 2022025481.844.54$1,153
Dec 2021025571.323.90$994
Nov 2021029477.435.24$1,540
Oct 2021028879.795.71$1,646
Sep 2021017669.865.35$942
Aug 2021021666.024.22$912
Jul 2021028670.783.98$1,139
Jun 2021021769.493.38$734
May 2021025263.483.02$760
Apr 2021020260.362.76$557
Mar 2021022161.302.72$600
Feb 2021022657.805.55$1,254
Jan 2021022950.412.81$644
Dec 2020024544.642.68$655
Nov 2020025038.772.71$677
Oct 2020025536.972.48$632
Sep 2020034737.091.99$691
Aug 2020035039.982.39$835
Jul 2020046438.371.83$847
Jun 2020033834.901.69$571
May 2020036216.921.81$657
Apr 2020035814.751.80$646
Mar 2020029330.341.86$544
Feb 2020025149.881.98$497
Jan 2020029357.252.09$614
Dec 2019032259.012.30$742
Nov 2019030355.302.75$833
Oct 2019036653.472.42$885
Sep 2019053255.052.66$1,414
Aug 2019043153.112.30$993
Jul 2019028256.272.46$694
Jun 2019032952.782.49$820
May 2019036858.482.74$1,008
Apr 2019031462.632.75$864
Mar 2019032456.803.06$992
Feb 2019032750.852.79$913
Jan 2019053746.033.23$1,734
Dec 2018062346.594.19$2,608
Nov 2018015052.934.24$636
Oct 2018024161.443.40$819
Sep 2018025559.543.11$793
Aug 2018025959.403.07$794
Jul 2018046365.142.93$1,357
Jun 201809560.183.08$292
May 2018027265.382.90$789
Apr 2018018563.842.90$537
Mar 2018030461.222.79$847
Feb 2018048461.782.77$1,339
Jan 2018043962.874.01$1,760
Dec 2017045257.272.92$1,321
Nov 2017031855.423.12$992
Oct 2017037849.292.98$1,128
Sep 2017050547.523.09$1,559
Aug 2017051445.373.00$1,544
Jul 2017056543.873.09$1,744
Jun 2017040942.493.09$1,263
May 2017045345.373.26$1,478
Apr 2017035647.933.21$1,143
Mar 2017029746.772.98$886
Feb 2017026950.452.95$794
Jan 2017032149.413.42$1,097
Dec 2016041348.763.72$1,538
Nov 2016046342.492.64$1,224
Oct 2016049146.193.09$1,517
Sep 2016052741.553.10$1,634
Aug 2016045841.442.92$1,339
Jul 2016047841.622.92$1,398
Jun 2016047445.352.69$1,273
May 2016050442.521.99$1,003
Apr 2016050736.561.99$1,009
Mar 2016054033.011.79$969
Feb 2016045026.472.06$929
Jan 2016051027.352.36$1,206
Dec 2015044232.362.00$885
Nov 2015045938.792.17$995
Oct 2015047443.552.43$1,150
Sep 2015043942.992.76$1,211
Aug 2015047140.162.87$1,353
Jul 2015047648.152.95$1,402
Jun 2015045356.152.88$1,306
May 2015048755.212.96$1,439
Apr 2015048549.822.71$1,313
Mar 2015051342.892.93$1,506
Feb 2015046544.662.98$1,384
Jan 2015052043.433.10$1,612
Dec 2014056754.693.59$2,036
Nov 2014048670.464.25$2,066
Oct 2014052878.303.90$2,060
Sep 2014052686.164.05$2,128
Aug 2014057289.394.04$2,308
Jul 2014054896.564.18$2,290
Jun 2014047598.164.74$2,250
May 2014048294.734.73$2,278
Apr 2014046795.944.81$2,246
Mar 2014053595.895.06$2,705
Feb 2014048397.406.19$2,991
Jan 2014054390.404.86$2,639
Dec 2013053291.824.35$2,317
Nov 2013053388.853.74$1,993
Oct 2013055497.423.78$2,094
Sep 20130546104.113.72$2,030
Aug 20130551104.253.52$1,941
Jul 201366535102.523.72$8,755
Jun 2013053094.403.93$2,085
May 2013054894.834.15$2,274
Apr 2013052393.964.28$2,240
Mar 2013059693.623.91$2,332
Feb 2013043091.233.42$1,471
Jan 2013050891.603.42$1,737
Dec 2012056086.773.42$1,915
Nov 2012048986.953.62$1,773
Oct 2012052089.383.40$1,768
Sep 2012050694.672.92$1,477
Aug 2012052392.662.91$1,521
Jul 2012056485.133.02$1,704
Jun 2012037979.822.52$955
May 2012057291.612.49$1,423
Apr 20120410101.652.00$819
Mar 20120440105.052.22$978
Feb 20120498101.102.57$1,280
Jan 2012075398.092.73$2,059
Dec 2011049396.873.24$1,597
Nov 2011049495.723.31$1,636
Oct 2011057684.983.65$2,102
Sep 2011062083.623.99$2,471
Aug 2011055483.404.15$2,299
Jul 2011062094.144.52$2,801
Jun 2011057792.904.64$2,677
May 2011062498.134.40$2,749
Apr 20110659105.964.33$2,856
Mar 2011067296.364.06$2,727
Feb 2011076385.644.18$3,189
Jan 2011060486.504.59$2,772
Dec 2010085885.734.35$3,730
Nov 2010082080.843.80$3,112
Oct 2010091678.103.51$3,214
Sep 2010091472.633.98$3,637
Aug 2010080673.684.42$3,562
Jul 2010083172.554.74$3,936
Jun 2010078970.364.91$3,874
May 2010085571.124.24$3,621
Apr 2010090581.694.12$3,731
Mar 2010087978.394.39$3,858
Feb 201002,13573.585.44$11,619
Jan 2010076374.365.96$4,551
Dec 2009083871.445.48$4,595
Nov 2009087974.593.75$3,298
Oct 2009096972.544.11$3,983
Sep 2009092465.543.06$2,832
Aug 2009096267.423.22$3,096
Jul 2009096561.133.46$3,343
Jun 2009099966.163.90$3,891
May 200901,07154.743.93$4,204
Apr 200901,03346.773.59$3,706
Mar 200901,08142.144.06$4,388
Feb 2009096132.814.63$4,452
Jan 200901,07935.865.37$5,795
Dec 200801,11237.105.98$6,647
Nov 200801,13055.496.86$7,752
Oct 200801,60675.246.92$11,117
Sep 20080397101.767.88$3,127
Aug 200801,120114.228.48$9,501
Jul 20080789131.0811.39$8,986
Jun 20080943131.3313.03$12,290
May 20080976123.1711.57$11,297
Apr 200801,038110.3110.45$10,852
Mar 200801,176101.909.66$11,365
Feb 200801,37292.538.77$12,033
Jan 200813881390.388.21$19,144
Dec 200701,55288.337.30$11,333
Nov 200701,71591.677.29$12,505
Oct 200701,64582.856.92$11,387
Sep 200701,59875.846.24$9,978
Aug 200701,78069.066.39$11,371
Jul 200701,57170.906.39$10,035
Jun 200701,54862.007.55$11,685
May 200701,81658.747.85$14,249
Apr 2007092459.617.81$7,212
Mar 200701,79356.927.30$13,092
Feb 200701,49055.108.22$12,242
Jan 200701,72550.306.73$11,604
Dec 200601,85756.656.92$12,848
Nov 200602,16254.207.62$16,469
Oct 200602,24454.906.01$13,495
Sep 200602,18160.085.04$10,986
Aug 200602,15568.717.34$15,818
Jul 200602,38569.376.34$15,127
Jun 200602,45766.286.38$15,685
May 200602,90466.016.42$18,658
Apr 200602,54864.397.36$18,755
Mar 200602,72456.707.08$19,294
Feb 200602,12857.597.75$16,494
Jan 20061672,67060.598.93$33,970
Dec 200502,30654.9413.42$30,936
Nov 200502,36654.6910.59$25,052
Oct 200502,24358.3413.80$30,944
Sep 200502,01461.4512.08$24,327
Aug 200502,24961.519.80$22,033
Jul 200502,38555.697.84$18,707
Jun 200502,70852.337.38$19,988
May 20051712,94045.226.65$27,287
Apr 200502,73749.207.36$20,146
Mar 200503,21550.377.15$23,003
Feb 200502,84145.226.31$17,932
Jan 200503,37443.166.32$21,331
Dec 20041723,33539.866.75$29,371
Nov 200403,17545.286.33$20,099
Oct 200403,58049.706.52$23,324
Sep 200404,03543.245.28$21,321
Aug 200406,05042.375.55$33,581

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 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 78.12 =         $0
Gas                   21 Mcf  × $  2.24 =        $47

────────────────────────────────────────────────────
Month total                                      $47

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/203427 is the state's own key, not one this site invented.