MICKLE

Operated by XTO ENERGY INC. (P-5 945936) 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 238086District 09Field 65280200CondensateGasSaveExport
Value, all time
$236 k
Jan 2008 – Mar 2014
Value, last 12 filed months
$0
at the published price for each month
Months reported
75
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
CondensateDisposition3 bbl$344
GasProduction26,281 Mcf$235,307
Total$235,651

Every month this lease reported (75)

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

75 months

Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 201104096.873.24$130
Nov 20110095.723.31$0
Oct 201103184.983.65$113
Sep 201101683.623.99$64
Aug 201102583.404.15$104
Jul 201106594.144.52$294
Jun 20110092.904.64$0
May 201103898.134.40$167
Apr 201100105.964.33$0
Mar 20110896.364.06$32
Feb 201101185.644.18$46
Jan 201103686.504.59$165
Dec 20100085.734.35$0
Nov 201002780.843.80$102
Oct 20100078.103.51$0
Sep 201003872.633.98$151
Aug 20100073.684.42$0
Jul 201003972.554.74$185
Jun 201008770.364.91$427
May 20100471.124.24$17
Apr 2010010981.694.12$449
Mar 20100678.394.39$26
Feb 201009973.585.44$539
Jan 20100074.365.96$0
Dec 2009015071.445.48$823
Nov 20090074.593.75$0
Oct 200909172.544.11$374
Sep 2009015465.543.06$472
Aug 20090067.423.22$0
Jul 2009013661.133.46$471
Jun 20090166.163.90$4
May 2009013854.743.93$542
Apr 200909046.773.59$323
Mar 2009065342.144.06$2,651
Feb 200909732.814.63$449
Jan 200901,48435.865.37$7,971
Dec 200801,32037.105.98$7,890
Nov 200801,66755.496.86$11,436
Oct 200801,58575.246.92$10,971
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200801,067131.0811.39$12,153
Jun 200801,750131.3313.03$22,807
May 200813,927123.1711.57$45,575
Apr 200822,766110.3110.45$29,139
Mar 200804,310101.909.66$41,652
Feb 200804,14592.538.77$36,354
Jan 200807190.388.21$583

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.

Dec 2011 — as filed, then multipliedworked
Condensate             0 bbl  × $ 96.87 =         $0
Gas                   40 Mcf  × $  3.24 =       $130

────────────────────────────────────────────────────
Month total                                     $130

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/238086 is the state's own key, not one this site invented.