OLEX U. S.

Name: OLEX U. S. lease production and value, May 2006 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 220157District 09Field 652802002 tax incentive programmesCondensateGasSave Export

Value, all time

$2.3 M

May 2006 – Apr 2022

Value, last 12 filed months

$9 k

at the published price for each month

Months reported

192

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	2006-11-30	170962
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	5,004 bbl	$355,929
Gas	Production	392,935 Mcf	$1,916,933
Total			$2,272,862

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, -97.2563. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.23990, -97.25631 · 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

8,830 ft

1 wells filed one

Completion to plug

15.5 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 8,830 ft.

Completions filed

May 2006

1 of 1 wells

Plug dates filed

Nov 2021

1 of 1 wells

Last completion to plug: a median of 15.5 years across the 1 well that filed both dates, with the middle half between 15.5 years and 15.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-12132745	5	8,830 ft	May 2006	Nov 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 (192)

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

192 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	44	0	70.78	3.98	$3,114
Jun 2021	0	890	69.49	3.38	$3,009
May 2021	0	1,049	63.48	3.02	$3,166
Apr 2021	0	1,108	60.36	2.76	$3,056
Mar 2021	0	911	61.30	2.72	$2,475
Feb 2021	0	1,033	57.80	5.55	$5,731
Jan 2021	0	1,251	50.41	2.81	$3,516
Dec 2020	0	1,353	44.64	2.68	$3,620
Nov 2020	0	1,170	38.77	2.71	$3,167
Oct 2020	0	1,278	36.97	2.48	$3,167
Sep 2020	31	919	37.09	1.99	$2,980
Aug 2020	0	1,279	39.98	2.39	$3,051
Jul 2020	0	1,398	38.37	1.83	$2,552
Jun 2020	0	1,447	34.90	1.69	$2,446
May 2020	0	1,052	16.92	1.81	$1,909
Apr 2020	0	1,052	14.75	1.80	$1,898
Mar 2020	0	1,289	30.34	1.86	$2,393
Feb 2020	0	1,375	49.88	1.98	$2,723
Jan 2020	0	1,317	57.25	2.09	$2,759
Dec 2019	54	1,173	59.01	2.30	$5,890
Nov 2019	0	1,408	55.30	2.75	$3,873
Oct 2019	0	1,393	53.47	2.42	$3,369
Sep 2019	0	1,310	55.05	2.66	$3,481
Aug 2019	0	1,335	53.11	2.30	$3,076
Jul 2019	0	1,452	56.27	2.46	$3,572
Jun 2019	0	1,399	52.78	2.49	$3,485
May 2019	0	1,338	58.48	2.74	$3,667
Apr 2019	0	1,319	62.63	2.75	$3,628
Mar 2019	0	1,396	56.80	3.06	$4,275
Feb 2019	0	1,308	50.85	2.79	$3,652
Jan 2019	0	1,533	46.03	3.23	$4,949
Dec 2018	17	1,230	46.59	4.19	$5,940
Nov 2018	0	1,078	52.93	4.24	$4,568
Oct 2018	67	1,243	61.44	3.40	$8,340
Sep 2018	0	1,077	59.54	3.11	$3,347
Aug 2018	0	947	59.40	3.07	$2,904
Jul 2018	0	948	65.14	2.93	$2,779
Jun 2018	0	1,004	60.18	3.08	$3,089
May 2018	0	905	65.38	2.90	$2,625
Apr 2018	0	971	63.84	2.90	$2,817
Mar 2018	0	979	61.22	2.79	$2,728
Feb 2018	0	1,300	61.78	2.77	$3,596
Jan 2018	0	1,293	62.87	4.01	$5,184
Dec 2017	0	1,038	57.27	2.92	$3,033
Nov 2017	0	1,196	55.42	3.12	$3,730
Oct 2017	0	912	49.29	2.98	$2,721
Sep 2017	0	1,096	47.52	3.09	$3,384
Aug 2017	133	1,154	45.37	3.00	$9,501
Jul 2017	0	1,168	43.87	3.09	$3,606
Jun 2017	0	1,130	42.49	3.09	$3,489
May 2017	0	1,414	45.37	3.26	$4,614
Apr 2017	0	1,306	47.93	3.21	$4,194
Mar 2017	0	1,569	46.77	2.98	$4,681
Feb 2017	0	1,499	50.45	2.95	$4,426
Jan 2017	0	1,925	49.41	3.42	$6,581
Dec 2016	0	1,945	48.76	3.72	$7,241
Nov 2016	0	2,036	42.49	2.64	$5,384
Oct 2016	0	2,030	46.19	3.09	$6,273
Sep 2016	78	1,852	41.55	3.10	$8,983
Aug 2016	0	1,775	41.44	2.92	$5,191
Jul 2016	0	1,594	41.62	2.92	$4,661
Jun 2016	0	1,690	45.35	2.69	$4,539
May 2016	0	1,807	42.52	1.99	$3,598
Apr 2016	0	1,832	36.56	1.99	$3,648
Mar 2016	0	1,723	33.01	1.79	$3,091
Feb 2016	0	1,875	26.47	2.06	$3,869
Jan 2016	0	2,102	27.35	2.36	$4,970
Dec 2015	0	1,857	32.36	2.00	$3,717
Nov 2015	0	2,214	38.79	2.17	$4,798
Oct 2015	0	1,807	43.55	2.43	$4,385
Sep 2015	171	1,430	42.99	2.76	$11,296
Aug 2015	0	1,586	40.16	2.87	$4,556
Jul 2015	0	1,513	48.15	2.95	$4,456
Jun 2015	0	1,549	56.15	2.88	$4,466
May 2015	0	1,603	55.21	2.96	$4,738
Apr 2015	0	1,599	49.82	2.71	$4,328
Mar 2015	0	1,523	42.89	2.93	$4,470
Feb 2015	0	1,434	44.66	2.98	$4,268
Jan 2015	0	1,498	43.43	3.10	$4,645
Dec 2014	0	1,488	54.69	3.59	$5,344
Nov 2014	0	1,527	70.46	4.25	$6,493
Oct 2014	0	1,585	78.30	3.90	$6,183
Sep 2014	0	1,543	86.16	4.05	$6,242
Aug 2014	0	1,587	89.39	4.04	$6,404
Jul 2014	54	1,702	96.56	4.18	$12,328
Jun 2014	0	1,659	98.16	4.74	$7,858
May 2014	0	1,571	94.73	4.73	$7,425
Apr 2014	0	1,502	95.94	4.81	$7,223
Mar 2014	174	1,632	95.89	5.06	$24,938
Feb 2014	0	1,552	97.40	6.19	$9,610
Jan 2014	0	1,680	90.40	4.86	$8,166
Dec 2013	0	1,780	91.82	4.35	$7,751
Nov 2013	0	1,468	88.85	3.74	$5,488
Oct 2013	0	1,764	97.42	3.78	$6,667
Sep 2013	0	1,638	104.11	3.72	$6,090
Aug 2013	0	1,782	104.25	3.52	$6,277
Jul 2013	0	1,785	102.52	3.72	$6,636
Jun 2013	0	1,738	94.40	3.93	$6,836
May 2013	0	1,874	94.83	4.15	$7,775
Apr 2013	0	1,750	93.96	4.28	$7,495
Mar 2013	50	1,736	93.62	3.91	$11,474
Feb 2013	0	1,623	91.23	3.42	$5,551
Jan 2013	0	2,026	91.60	3.42	$6,929
Dec 2012	169	2,194	86.77	3.42	$22,168
Nov 2012	0	2,104	86.95	3.62	$7,627
Oct 2012	0	2,051	89.38	3.40	$6,973
Sep 2012	0	1,876	94.67	2.92	$5,475
Aug 2012	0	1,874	92.66	2.91	$5,450
Jul 2012	0	1,909	85.13	3.02	$5,767
Jun 2012	0	1,907	79.82	2.52	$4,804
May 2012	0	2,108	91.61	2.49	$5,245
Apr 2012	0	2,156	101.65	2.00	$4,305
Mar 2012	0	2,546	105.05	2.22	$5,657
Feb 2012	180	2,052	101.10	2.57	$23,472
Jan 2012	0	2,202	98.09	2.73	$6,020
Dec 2011	0	2,306	96.87	3.24	$7,471
Nov 2011	0	2,077	95.72	3.31	$6,878
Oct 2011	0	2,185	84.98	3.65	$7,972
Sep 2011	0	2,042	83.62	3.99	$8,139
Aug 2011	0	2,413	83.40	4.15	$10,012
Jul 2011	0	2,668	94.14	4.52	$12,052
Jun 2011	0	2,370	92.90	4.64	$10,997
May 2011	167	2,358	98.13	4.40	$26,774
Apr 2011	0	2,223	105.96	4.33	$9,633
Mar 2011	0	2,191	96.36	4.06	$8,890
Feb 2011	0	1,823	85.64	4.18	$7,620
Jan 2011	0	1,742	86.50	4.59	$7,994
Dec 2010	0	1,791	85.73	4.35	$7,787
Nov 2010	178	1,746	80.84	3.80	$21,016
Oct 2010	0	1,921	78.10	3.51	$6,741
Sep 2010	0	2,022	72.63	3.98	$8,046
Aug 2010	0	1,913	73.68	4.42	$8,454
Jul 2010	0	2,169	72.55	4.74	$10,273
Jun 2010	0	2,077	70.36	4.91	$10,199
May 2010	0	2,192	71.12	4.24	$9,284
Apr 2010	0	2,059	81.69	4.12	$8,489
Mar 2010	173	2,569	78.39	4.39	$24,836
Feb 2010	0	2,143	73.58	5.44	$11,663
Jan 2010	0	2,384	74.36	5.96	$14,218
Dec 2009	0	1,788	71.44	5.48	$9,805
Nov 2009	0	2,359	74.59	3.75	$8,850
Oct 2009	176	1,759	72.54	4.11	$19,997
Sep 2009	0	2,276	65.54	3.06	$6,975
Aug 2009	0	2,086	67.42	3.22	$6,714
Jul 2009	0	1,370	61.13	3.46	$4,746
Jun 2009	0	1,465	66.16	3.90	$5,706
May 2009	0	2,698	54.74	3.93	$10,592
Apr 2009	0	2,599	46.77	3.59	$9,324
Mar 2009	185	2,697	42.14	4.06	$18,743
Feb 2009	0	2,111	32.81	4.63	$9,780
Jan 2009	0	2,065	35.86	5.37	$11,091
Dec 2008	0	2,621	37.10	5.98	$15,666
Nov 2008	174	1,752	55.49	6.86	$21,675
Oct 2008	0	2,195	75.24	6.92	$15,194
Sep 2008	0	2,290	101.76	7.88	$18,039
Aug 2008	0	2,314	114.22	8.48	$19,630
Jul 2008	0	2,412	131.08	11.39	$27,471
Jun 2008	177	2,674	131.33	13.03	$58,095
May 2008	0	3,307	123.17	11.57	$38,276
Apr 2008	0	3,442	110.31	10.45	$35,986
Mar 2008	0	3,653	101.90	9.66	$35,303
Feb 2008	184	2,816	92.53	8.77	$41,723
Jan 2008	0	3,444	90.38	8.21	$28,261
Dec 2007	0	4,132	88.33	7.30	$30,172
Nov 2007	184	3,633	91.67	7.29	$43,358
Oct 2007	0	4,202	82.85	6.92	$29,086
Sep 2007	0	3,665	75.84	6.24	$22,885
Aug 2007	180	4,006	69.06	6.39	$38,021
Jul 2007	0	3,766	70.90	6.39	$24,057
Jun 2007	182	4,159	62.00	7.55	$42,678
May 2007	0	4,213	58.74	7.85	$33,056
Apr 2007	182	5,881	59.61	7.81	$56,751
Mar 2007	0	5,354	56.92	7.30	$39,095
Feb 2007	0	3,790	55.10	8.22	$31,139
Jan 2007	183	5,043	50.30	6.73	$43,128
Dec 2006	0	5,592	56.65	6.92	$38,688
Nov 2006	185	4,866	54.20	7.62	$47,094
Oct 2006	186	5,995	54.90	6.01	$46,264
Sep 2006	183	7,076	60.08	5.04	$46,638
Aug 2006	183	9,135	68.71	7.34	$79,624
Jul 2006	180	8,592	69.37	6.34	$66,984
Jun 2006	363	7,979	66.28	6.38	$74,997
May 2006	177	9,517	66.01	6.42	$72,831

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            44 bbl  × $ 70.78 =     $3,114
Gas                    0 Mcf  × $  3.98 =         $0

────────────────────────────────────────────────────
Month total                                   $3,114

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/220157 is the state's own key, not one this site invented.