OLEX U. S.

Name: OLEX U. S. lease production and value, Mar 2007 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 227369District 09Field 652802002 tax incentive programmesCondensateGasSave Export

Value, all time

$2.5 M

Mar 2007 – Apr 2022

Value, last 12 filed months

$3 k

at the published price for each month

Months reported

182

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	2008-01-29	178827
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	4,670 bbl	$349,274
Gas	Production	444,878 Mcf	$2,160,849
Total			$2,510,123

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 33.2365, -97.2555. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.23652, -97.25546 · 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

8,821 ft

1 wells filed one

Completion to plug

14.7 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 8,821 ft.

Completions filed

Mar 2007

1 of 1 wells

Plug dates filed

Nov 2021

1 of 1 wells

Last completion to plug: a median of 14.7 years across the 1 well that filed both dates, with the middle half between 14.7 years and 14.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-12132990	7	8,821 ft	Mar 2007	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 (182)

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

182 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	40	0	70.78	3.98	$2,831
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	20	39.98	2.39	$48
Jul 2020	0	1,561	38.37	1.83	$2,849
Jun 2020	22	1,806	34.90	1.69	$3,821
May 2020	0	1,802	16.92	1.81	$3,270
Apr 2020	0	1,690	14.75	1.80	$3,049
Mar 2020	55	1,612	30.34	1.86	$4,661
Feb 2020	0	1,509	49.88	1.98	$2,989
Jan 2020	0	1,303	57.25	2.09	$2,729
Dec 2019	0	1,371	59.01	2.30	$3,159
Nov 2019	0	1,592	55.30	2.75	$4,379
Oct 2019	0	1,506	53.47	2.42	$3,642
Sep 2019	0	1,225	55.05	2.66	$3,255
Aug 2019	0	1,312	53.11	2.30	$3,023
Jul 2019	0	1,343	56.27	2.46	$3,304
Jun 2019	0	1,389	52.78	2.49	$3,460
May 2019	0	1,361	58.48	2.74	$3,730
Apr 2019	0	1,292	62.63	2.75	$3,554
Mar 2019	0	1,462	56.80	3.06	$4,477
Feb 2019	0	1,298	50.85	2.79	$3,624
Jan 2019	0	1,637	46.03	3.23	$5,285
Dec 2018	21	1,518	46.59	4.19	$7,332
Nov 2018	0	1,412	52.93	4.24	$5,983
Oct 2018	24	1,589	61.44	3.40	$6,874
Sep 2018	0	1,199	59.54	3.11	$3,726
Aug 2018	0	1,231	59.40	3.07	$3,775
Jul 2018	0	1,145	65.14	2.93	$3,357
Jun 2018	0	1,304	60.18	3.08	$4,012
May 2018	0	1,618	65.38	2.90	$4,693
Apr 2018	58	1,440	63.84	2.90	$7,880
Mar 2018	0	1,394	61.22	2.79	$3,885
Feb 2018	0	1,578	61.78	2.77	$4,365
Jan 2018	0	1,839	62.87	4.01	$7,373
Dec 2017	0	1,996	57.27	2.92	$5,831
Nov 2017	0	1,803	55.42	3.12	$5,622
Oct 2017	0	1,719	49.29	2.98	$5,129
Sep 2017	0	1,866	47.52	3.09	$5,761
Aug 2017	0	1,953	45.37	3.00	$5,868
Jul 2017	0	1,935	43.87	3.09	$5,974
Jun 2017	0	1,975	42.49	3.09	$6,097
May 2017	0	1,972	45.37	3.26	$6,435
Apr 2017	0	1,859	47.93	3.21	$5,970
Mar 2017	0	2,102	46.77	2.98	$6,272
Feb 2017	0	2,300	50.45	2.95	$6,791
Jan 2017	0	2,105	49.41	3.42	$7,197
Dec 2016	0	2,501	48.76	3.72	$9,311
Nov 2016	0	2,371	42.49	2.64	$6,270
Oct 2016	0	2,279	46.19	3.09	$7,043
Sep 2016	118	2,158	41.55	3.10	$11,594
Aug 2016	0	2,047	41.44	2.92	$5,986
Jul 2016	0	1,781	41.62	2.92	$5,208
Jun 2016	0	1,787	45.35	2.69	$4,800
May 2016	0	1,935	42.52	1.99	$3,853
Apr 2016	0	1,659	36.56	1.99	$3,303
Mar 2016	0	1,879	33.01	1.79	$3,371
Feb 2016	0	1,985	26.47	2.06	$4,096
Jan 2016	0	2,319	27.35	2.36	$5,483
Dec 2015	0	2,306	32.36	2.00	$4,615
Nov 2015	0	2,358	38.79	2.17	$5,111
Oct 2015	108	2,445	43.55	2.43	$10,636
Sep 2015	0	2,161	42.99	2.76	$5,961
Aug 2015	0	2,150	40.16	2.87	$6,176
Jul 2015	0	2,245	48.15	2.95	$6,612
Jun 2015	0	2,167	56.15	2.88	$6,247
May 2015	0	2,085	55.21	2.96	$6,162
Apr 2015	0	2,271	49.82	2.71	$6,147
Mar 2015	0	2,395	42.89	2.93	$7,029
Feb 2015	0	2,152	44.66	2.98	$6,405
Jan 2015	0	2,458	43.43	3.10	$7,621
Dec 2014	0	1,543	54.69	3.59	$5,541
Nov 2014	0	1,546	70.46	4.25	$6,573
Oct 2014	0	1,788	78.30	3.90	$6,975
Sep 2014	0	1,782	86.16	4.05	$7,209
Aug 2014	0	2,082	89.39	4.04	$8,401
Jul 2014	114	2,048	96.56	4.18	$19,568
Jun 2014	0	2,041	98.16	4.74	$9,668
May 2014	0	2,254	94.73	4.73	$10,654
Apr 2014	0	1,800	95.94	4.81	$8,656
Mar 2014	0	1,799	95.89	5.06	$9,097
Feb 2014	0	1,914	97.40	6.19	$11,851
Jan 2014	0	2,434	90.40	4.86	$11,831
Dec 2013	107	2,287	91.82	4.35	$19,783
Nov 2013	0	2,274	88.85	3.74	$8,501
Oct 2013	0	2,135	97.42	3.78	$8,069
Sep 2013	0	2,029	104.11	3.72	$7,543
Aug 2013	0	1,834	104.25	3.52	$6,460
Jul 2013	0	2,215	102.52	3.72	$8,235
Jun 2013	0	2,003	94.40	3.93	$7,879
May 2013	0	2,271	94.83	4.15	$9,423
Apr 2013	0	2,121	93.96	4.28	$9,083
Mar 2013	0	2,301	93.62	3.91	$9,004
Feb 2013	0	2,249	91.23	3.42	$7,691
Jan 2013	191	1,979	91.60	3.42	$24,264
Dec 2012	0	2,437	86.77	3.42	$8,335
Nov 2012	0	2,280	86.95	3.62	$8,265
Oct 2012	0	2,380	89.38	3.40	$8,091
Sep 2012	0	2,355	94.67	2.92	$6,873
Aug 2012	34	2,353	92.66	2.91	$9,993
Jul 2012	0	2,650	85.13	3.02	$8,005
Jun 2012	0	2,419	79.82	2.52	$6,094
May 2012	0	2,691	91.61	2.49	$6,696
Apr 2012	0	2,364	101.65	2.00	$4,720
Mar 2012	0	2,396	105.05	2.22	$5,324
Feb 2012	0	2,518	101.10	2.57	$6,472
Jan 2012	0	2,548	98.09	2.73	$6,966
Dec 2011	199	2,384	96.87	3.24	$27,001
Nov 2011	0	2,410	95.72	3.31	$7,980
Oct 2011	0	2,700	84.98	3.65	$9,851
Sep 2011	0	2,663	83.62	3.99	$10,614
Aug 2011	0	2,303	83.40	4.15	$9,556
Jul 2011	0	2,596	94.14	4.52	$11,727
Jun 2011	0	2,978	92.90	4.64	$13,818
May 2011	0	2,465	98.13	4.40	$10,858
Apr 2011	0	2,471	105.96	4.33	$10,708
Mar 2011	0	2,408	96.36	4.06	$9,770
Feb 2011	0	2,465	85.64	4.18	$10,304
Jan 2011	159	2,805	86.50	4.59	$26,625
Dec 2010	0	2,627	85.73	4.35	$11,422
Nov 2010	0	2,440	80.84	3.80	$9,261
Oct 2010	0	2,782	78.10	3.51	$9,762
Sep 2010	0	3,051	72.63	3.98	$12,141
Aug 2010	0	2,811	73.68	4.42	$12,423
Jul 2010	0	3,125	72.55	4.74	$14,802
Jun 2010	180	3,250	70.36	4.91	$28,624
May 2010	0	3,611	71.12	4.24	$15,293
Apr 2010	0	3,058	81.69	4.12	$12,607
Mar 2010	0	3,596	78.39	4.39	$15,782
Feb 2010	0	2,771	73.58	5.44	$15,081
Jan 2010	184	3,397	74.36	5.96	$33,942
Dec 2009	0	3,173	71.44	5.48	$17,400
Nov 2009	0	3,862	74.59	3.75	$14,488
Oct 2009	0	3,364	72.54	4.11	$13,827
Sep 2009	0	3,656	65.54	3.06	$11,205
Aug 2009	0	3,788	67.42	3.22	$12,192
Jul 2009	189	3,788	61.13	3.46	$24,677
Jun 2009	0	3,859	66.16	3.90	$15,031
May 2009	0	3,649	54.74	3.93	$14,325
Apr 2009	0	3,626	46.77	3.59	$13,008
Mar 2009	0	3,745	42.14	4.06	$15,201
Feb 2009	189	3,226	32.81	4.63	$21,147
Jan 2009	0	4,790	35.86	5.37	$25,727
Dec 2008	0	3,939	37.10	5.98	$23,544
Nov 2008	0	4,291	55.49	6.86	$29,438
Oct 2008	0	4,467	75.24	6.92	$30,920
Sep 2008	186	4,486	101.76	7.88	$54,264
Aug 2008	0	4,718	114.22	8.48	$40,023
Jul 2008	0	5,294	131.08	11.39	$60,296
Jun 2008	189	4,942	131.33	13.03	$89,229
May 2008	0	5,775	123.17	11.57	$66,842
Apr 2008	0	2,883	110.31	10.45	$30,141
Mar 2008	190	1,871	101.90	9.66	$37,442
Feb 2008	0	2,877	92.53	8.77	$25,233
Jan 2008	194	4,334	90.38	8.21	$53,097
Dec 2007	195	7,092	88.33	7.30	$69,010
Nov 2007	0	4,495	91.67	7.29	$32,776
Oct 2007	202	5,624	82.85	6.92	$55,665
Sep 2007	0	7,963	75.84	6.24	$49,722
Aug 2007	169	7,891	69.06	6.39	$62,078
Jul 2007	185	8,882	70.90	6.39	$69,854
Jun 2007	398	6,933	62.00	7.55	$77,009
May 2007	383	10,240	58.74	7.85	$102,843
Apr 2007	387	21,933	59.61	7.81	$194,261
Mar 2007	0	3,298	56.92	7.30	$24,082

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            40 bbl  × $ 70.78 =     $2,831
Gas                    0 Mcf  × $  3.98 =         $0

────────────────────────────────────────────────────
Month total                                   $2,831

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/227369 is the state's own key, not one this site invented.