MASK, FRANK GU

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 238375District 09Field 65280200CondensateGasSaveExport
Value, all time
$843 k
Jan 2008 – Jun 2011
Value, last 12 filed months
$40 k
at the published price for each month
Months reported
42
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
CondensateDisposition267 bbl$18,546
GasProduction113,208 Mcf$824,819
Total$843,366

Every month this lease reported (42)

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

42 months

Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20113096.364.06$289
Feb 201114085.644.18$1,199
Jan 201170086.504.59$6,055
Dec 2010039885.734.35$1,730
Nov 201001,26380.843.80$4,794
Oct 201001,20578.103.51$4,228
Sep 201001,52772.633.98$6,077
Aug 201001,60773.684.42$7,102
Jul 201001,70372.554.74$8,066
Jun 201001,85270.364.91$9,094
May 201001,96571.124.24$8,322
Apr 201001,90381.694.12$7,845
Mar 201001,81978.394.39$7,983
Feb 201001,80273.585.44$9,807
Jan 201002,30674.365.96$13,753
Dec 200902,62171.445.48$14,373
Nov 200902,00574.593.75$7,522
Oct 200902,05672.544.11$8,451
Sep 200901,71665.543.06$5,259
Aug 200901,51667.423.22$4,879
Jul 20091802,28861.133.46$18,930
Jun 200902,60666.163.90$10,150
May 200901154.743.93$43
Apr 200902,51846.773.59$9,033
Mar 200904,10442.144.06$16,658
Feb 200903,85332.814.63$17,851
Jan 200904,42935.865.37$23,788
Dec 200804,50937.105.98$26,951
Nov 200804,69855.496.86$32,230
Oct 200805,48475.246.92$37,960
Sep 200804,583101.767.88$36,101
Aug 200805,500114.228.48$46,657
Jul 200805,813131.0811.39$66,207
Jun 200805,807131.3313.03$75,680
May 200806,858123.1711.57$79,376
Apr 200809,010110.3110.45$94,198
Mar 2008011,860101.909.66$114,616
Feb 20080092.538.77$0
Jan 200801390.388.21$107

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.

Mar 2011 — as filed, then multipliedworked
Condensate             3 bbl  × $ 96.36 =       $289
Gas                    0 Mcf  × $  4.06 =         $0

────────────────────────────────────────────────────
Month total                                     $289

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/238375 is the state's own key, not one this site invented.