OLEX U. S.

Name: OLEX U. S. lease production and value, Jan 2005 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 206955District 09Field 652802002 tax incentive programmesCondensateGasSave Export

Value, all time

$3.0 M

Jan 2005 – Apr 2022

Value, last 12 filed months

$11 k

at the published price for each month

Months reported

208

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	2005-05-18	161093
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	6,118 bbl	$368,883
Gas	Production	452,244 Mcf	$2,644,506
Total			$3,013,388

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 33.2399, -97.2518. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.23994, -97.25180 · 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

8,833 ft

1 wells filed one

Completion to plug

16.9 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 8,833 ft.

Completions filed

Jan 2005

1 of 1 wells

Plug dates filed

Dec 2021

1 of 1 wells

Last completion to plug: a median of 16.9 years across the 1 well that filed both dates, with the middle half between 16.9 years and 16.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-12132465	4	8,833 ft	Jan 2005	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 (208)

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

208 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	60	0	70.78	3.98	$4,247
Jun 2021	0	1,043	69.49	3.38	$3,526
May 2021	0	1,005	63.48	3.02	$3,033
Apr 2021	0	1,071	60.36	2.76	$2,954
Mar 2021	0	947	61.30	2.72	$2,573
Feb 2021	0	941	57.80	5.55	$5,221
Jan 2021	0	1,244	50.41	2.81	$3,496
Dec 2020	0	1,172	44.64	2.68	$3,136
Nov 2020	0	1,086	38.77	2.71	$2,939
Oct 2020	0	1,282	36.97	2.48	$3,177
Sep 2020	23	1,007	37.09	1.99	$2,858
Aug 2020	0	1,227	39.98	2.39	$2,927
Jul 2020	0	1,261	38.37	1.83	$2,301
Jun 2020	21	1,222	34.90	1.69	$2,798
May 2020	0	1,321	16.92	1.81	$2,397
Apr 2020	0	1,159	14.75	1.80	$2,091
Mar 2020	0	1,117	30.34	1.86	$2,073
Feb 2020	0	843	49.88	1.98	$1,670
Jan 2020	0	765	57.25	2.09	$1,602
Dec 2019	28	866	59.01	2.30	$3,648
Nov 2019	0	1,103	55.30	2.75	$3,034
Oct 2019	0	970	53.47	2.42	$2,346
Sep 2019	0	987	55.05	2.66	$2,623
Aug 2019	0	1,045	53.11	2.30	$2,408
Jul 2019	0	944	56.27	2.46	$2,322
Jun 2019	0	994	52.78	2.49	$2,476
May 2019	0	1,036	58.48	2.74	$2,839
Apr 2019	0	1,053	62.63	2.75	$2,896
Mar 2019	0	1,075	56.80	3.06	$3,292
Feb 2019	0	944	50.85	2.79	$2,636
Jan 2019	0	985	46.03	3.23	$3,180
Dec 2018	29	1,046	46.59	4.19	$5,729
Nov 2018	0	1,240	52.93	4.24	$5,254
Oct 2018	34	1,313	61.44	3.40	$6,551
Sep 2018	0	1,092	59.54	3.11	$3,394
Aug 2018	0	1,135	59.40	3.07	$3,481
Jul 2018	0	1,047	65.14	2.93	$3,070
Jun 2018	0	958	60.18	3.08	$2,948
May 2018	0	1,003	65.38	2.90	$2,910
Apr 2018	69	1,064	63.84	2.90	$7,491
Mar 2018	0	1,098	61.22	2.79	$3,060
Feb 2018	0	1,069	61.78	2.77	$2,957
Jan 2018	0	1,228	62.87	4.01	$4,923
Dec 2017	0	843	57.27	2.92	$2,463
Nov 2017	0	1,304	55.42	3.12	$4,066
Oct 2017	0	1,183	49.29	2.98	$3,530
Sep 2017	0	1,283	47.52	3.09	$3,961
Aug 2017	0	1,403	45.37	3.00	$4,215
Jul 2017	0	1,405	43.87	3.09	$4,338
Jun 2017	0	1,366	42.49	3.09	$4,217
May 2017	0	1,356	45.37	3.26	$4,425
Apr 2017	0	1,247	47.93	3.21	$4,005
Mar 2017	0	1,436	46.77	2.98	$4,285
Feb 2017	0	1,588	50.45	2.95	$4,689
Jan 2017	0	1,717	49.41	3.42	$5,870
Dec 2016	0	1,728	48.76	3.72	$6,433
Nov 2016	0	1,687	42.49	2.64	$4,461
Oct 2016	0	1,774	46.19	3.09	$5,482
Sep 2016	90	1,556	41.55	3.10	$8,564
Aug 2016	0	1,509	41.44	2.92	$4,413
Jul 2016	0	1,380	41.62	2.92	$4,036
Jun 2016	0	1,336	45.35	2.69	$3,588
May 2016	0	1,326	42.52	1.99	$2,640
Apr 2016	0	1,396	36.56	1.99	$2,779
Mar 2016	0	1,339	33.01	1.79	$2,402
Feb 2016	0	1,401	26.47	2.06	$2,891
Jan 2016	0	1,531	27.35	2.36	$3,620
Dec 2015	0	1,449	32.36	2.00	$2,900
Nov 2015	0	1,420	38.79	2.17	$3,078
Oct 2015	106	1,140	43.55	2.43	$7,383
Sep 2015	0	1,269	42.99	2.76	$3,500
Aug 2015	0	1,402	40.16	2.87	$4,027
Jul 2015	0	1,355	48.15	2.95	$3,991
Jun 2015	0	1,331	56.15	2.88	$3,837
May 2015	0	1,475	55.21	2.96	$4,359
Apr 2015	0	1,434	49.82	2.71	$3,881
Mar 2015	0	1,433	42.89	2.93	$4,205
Feb 2015	0	1,173	44.66	2.98	$3,491
Jan 2015	0	1,444	43.43	3.10	$4,477
Dec 2014	0	1,652	54.69	3.59	$5,933
Nov 2014	175	1,425	70.46	4.25	$18,389
Oct 2014	0	1,559	78.30	3.90	$6,082
Sep 2014	0	1,522	86.16	4.05	$6,157
Aug 2014	0	1,424	89.39	4.04	$5,746
Jul 2014	0	1,495	96.56	4.18	$6,249
Jun 2014	0	1,430	98.16	4.74	$6,774
May 2014	0	1,419	94.73	4.73	$6,707
Apr 2014	0	1,374	95.94	4.81	$6,608
Mar 2014	0	1,450	95.89	5.06	$7,332
Feb 2014	0	1,582	97.40	6.19	$9,796
Jan 2014	0	1,571	90.40	4.86	$7,636
Dec 2013	68	1,270	91.82	4.35	$11,774
Nov 2013	0	1,313	88.85	3.74	$4,908
Oct 2013	0	1,378	97.42	3.78	$5,208
Sep 2013	0	1,429	104.11	3.72	$5,313
Aug 2013	0	1,489	104.25	3.52	$5,245
Jul 2013	0	1,532	102.52	3.72	$5,696
Jun 2013	0	1,630	94.40	3.93	$6,411
May 2013	0	1,358	94.83	4.15	$5,634
Apr 2013	0	1,268	93.96	4.28	$5,430
Mar 2013	0	1,634	93.62	3.91	$6,394
Feb 2013	0	1,132	91.23	3.42	$3,871
Jan 2013	0	1,688	91.60	3.42	$5,773
Dec 2012	0	1,477	86.77	3.42	$5,052
Nov 2012	0	1,884	86.95	3.62	$6,829
Oct 2012	0	1,725	89.38	3.40	$5,864
Sep 2012	0	1,373	94.67	2.92	$4,007
Aug 2012	0	1,372	92.66	2.91	$3,990
Jul 2012	0	1,548	85.13	3.02	$4,676
Jun 2012	0	1,479	79.82	2.52	$3,726
May 2012	0	1,553	91.61	2.49	$3,864
Apr 2012	0	1,471	101.65	2.00	$2,937
Mar 2012	0	1,738	105.05	2.22	$3,862
Feb 2012	175	1,469	101.10	2.57	$21,468
Jan 2012	0	1,502	98.09	2.73	$4,107
Dec 2011	0	1,732	96.87	3.24	$5,611
Nov 2011	0	1,520	95.72	3.31	$5,033
Oct 2011	0	1,484	84.98	3.65	$5,414
Sep 2011	0	1,381	83.62	3.99	$5,504
Aug 2011	0	1,660	83.40	4.15	$6,888
Jul 2011	0	1,712	94.14	4.52	$7,734
Jun 2011	0	1,649	92.90	4.64	$7,651
May 2011	0	1,615	98.13	4.40	$7,114
Apr 2011	0	1,494	105.96	4.33	$6,474
Mar 2011	0	1,716	96.36	4.06	$6,962
Feb 2011	0	914	85.64	4.18	$3,821
Jan 2011	0	1,295	86.50	4.59	$5,942
Dec 2010	0	1,539	85.73	4.35	$6,691
Nov 2010	175	1,684	80.84	3.80	$20,538
Oct 2010	0	1,704	78.10	3.51	$5,979
Sep 2010	0	1,719	72.63	3.98	$6,841
Aug 2010	0	1,898	73.68	4.42	$8,388
Jul 2010	0	1,889	72.55	4.74	$8,947
Jun 2010	0	1,660	70.36	4.91	$8,151
May 2010	186	1,955	71.12	4.24	$21,508
Apr 2010	0	2,188	81.69	4.12	$9,020
Mar 2010	0	1,345	78.39	4.39	$5,903
Feb 2010	0	790	73.58	5.44	$4,299
Jan 2010	183	1,108	74.36	5.96	$20,216
Dec 2009	0	1,345	71.44	5.48	$7,376
Nov 2009	0	1,818	74.59	3.75	$6,820
Oct 2009	0	1,895	72.54	4.11	$7,789
Sep 2009	0	1,924	65.54	3.06	$5,897
Aug 2009	0	1,967	67.42	3.22	$6,331
Jul 2009	0	2,204	61.13	3.46	$7,636
Jun 2009	0	2,001	66.16	3.90	$7,794
May 2009	0	2,511	54.74	3.93	$9,858
Apr 2009	180	2,264	46.77	3.59	$16,541
Mar 2009	0	2,039	42.14	4.06	$8,276
Feb 2009	0	1,333	32.81	4.63	$6,176
Jan 2009	0	1,197	35.86	5.37	$6,429
Dec 2008	0	1,910	37.10	5.98	$11,416
Nov 2008	0	1,873	55.49	6.86	$12,849
Oct 2008	0	1,846	75.24	6.92	$12,778
Sep 2008	0	2,265	101.76	7.88	$17,842
Aug 2008	179	2,314	114.22	8.48	$40,075
Jul 2008	0	2,199	131.08	11.39	$25,045
Jun 2008	0	2,395	131.33	13.03	$31,213
May 2008	0	2,777	123.17	11.57	$32,142
Apr 2008	0	2,620	110.31	10.45	$27,392
Mar 2008	0	2,767	101.90	9.66	$26,740
Feb 2008	0	2,261	92.53	8.77	$19,830
Jan 2008	183	1,984	90.38	8.21	$32,820
Dec 2007	0	1,884	88.33	7.30	$13,757
Nov 2007	0	2,064	91.67	7.29	$15,050
Oct 2007	0	2,397	82.85	6.92	$16,592
Sep 2007	0	3,123	75.84	6.24	$19,501
Aug 2007	0	3,276	69.06	6.39	$20,927
Jul 2007	181	3,169	70.90	6.39	$33,076
Jun 2007	0	3,550	62.00	7.55	$26,797
May 2007	0	2,810	58.74	7.85	$22,048
Apr 2007	0	4,545	59.61	7.81	$35,475
Mar 2007	0	2,562	56.92	7.30	$18,708
Feb 2007	186	5,337	55.10	8.22	$54,097
Jan 2007	0	5,206	50.30	6.73	$35,020
Dec 2006	186	5,284	56.65	6.92	$47,094
Nov 2006	0	5,581	54.20	7.62	$42,513
Oct 2006	0	6,585	54.90	6.01	$39,601
Sep 2006	0	5,776	60.08	5.04	$29,095
Aug 2006	0	7,055	68.71	7.34	$51,783
Jul 2006	0	5,522	69.37	6.34	$35,025
Jun 2006	169	7,004	66.28	6.38	$55,914
May 2006	0	8,152	66.01	6.42	$52,377
Apr 2006	187	4,938	64.39	7.36	$48,387
Mar 2006	0	2,593	56.70	7.08	$18,366
Feb 2006	186	3,115	57.59	7.75	$34,856
Jan 2006	0	3,973	60.59	8.93	$35,492
Dec 2005	188	5,066	54.94	13.42	$78,291
Nov 2005	0	5,581	54.69	10.59	$59,094
Oct 2005	184	8,414	58.34	13.80	$126,812
Sep 2005	183	9,011	61.45	12.08	$120,089
Aug 2005	183	7,528	61.51	9.80	$85,007
Jul 2005	179	8,616	55.69	7.84	$77,549
Jun 2005	179	8,795	52.33	7.38	$74,283
May 2005	369	9,294	45.22	6.65	$78,502
Apr 2005	350	9,457	49.20	7.36	$86,828
Mar 2005	371	11,236	50.37	7.15	$99,080
Feb 2005	873	17,223	45.22	6.31	$148,187
Jan 2005	0	10,120	43.16	6.32	$63,981

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.

Jul 2021 — as filed, then multipliedworked

Condensate            60 bbl  × $ 70.78 =     $4,247
Gas                    0 Mcf  × $  3.98 =         $0

────────────────────────────────────────────────────
Month total                                   $4,247

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/206955 is the state's own key, not one this site invented.