FLAMIK, RANDAL

Operated by DEVON ENERGY PRODUCTION CO, L.P. (P-5 216378) 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 231599District 09Field 65280200CondensateGasSaveExport
Value, all time
$534 k
Jun 2007 – May 2010
Value, last 12 filed months
$70 k
at the published price for each month
Months reported
36
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
CondensateDisposition774 bbl$60,894
GasProduction66,662 Mcf$473,333
Total$534,226

Every month this lease reported (36)

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

36 months

May 20102071.124.24$142
Apr 201018081.694.12$1,470
Mar 2010534578.394.39$4,352
Feb 201001,22573.585.44$6,667
Jan 201001,22174.365.96$7,282
Dec 200901,36771.445.48$7,496
Nov 20091811,26374.593.75$18,239
Oct 200901,26072.544.11$5,179
Sep 200901,46165.543.06$4,478
Aug 200901,16867.423.22$3,759
Jul 200901,41561.133.46$4,902
Jun 200901,46166.163.90$5,691
May 200901,22354.743.93$4,801
Apr 200901,32646.773.59$4,757
Mar 200901,67142.144.06$6,783
Feb 200901,54932.814.63$7,177
Jan 200902,53835.865.37$13,632
Dec 200802,22337.105.98$13,287
Nov 20081891,69855.496.86$22,137
Oct 200802,14475.246.92$14,841
Sep 200802,194101.767.88$17,282
Aug 200802,804114.228.48$23,786
Jul 200802,330131.0811.39$26,537
Jun 200802,538131.3313.03$33,077
May 200803,223123.1711.57$37,304
Apr 200802,547110.3110.45$26,629
Mar 20081952,787101.909.66$46,804
Feb 200802,91492.538.77$25,557
Jan 2008057590.388.21$4,718
Dec 200702,04288.337.30$14,911
Nov 200702,87991.677.29$20,993
Oct 20071362,22282.856.92$26,648
Sep 200703,86175.846.24$24,109
Aug 200704,81169.066.39$30,732
Jul 200701,84470.906.39$11,779
Jun 2007083362.007.55$6,288

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.

May 2010 — as filed, then multipliedworked
Condensate             2 bbl  × $ 71.12 =       $142
Gas                    0 Mcf  × $  4.24 =         $0

────────────────────────────────────────────────────
Month total                                     $142

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/231599 is the state's own key, not one this site invented.