WILLIAMS UNIT

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 241239District 09Field 65280200CondensateGasSaveExport
Value, all time
$612 k
Mar 2008 – Mar 2015
Value, last 12 filed months
$0
at the published price for each month
Months reported
85
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
CondensateDisposition386 bbl$29,613
GasProduction96,309 Mcf$582,031
Total$611,644

Every month this lease reported (85)

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

85 months

Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
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 201103096.873.24$97
Nov 20110095.723.31$0
Oct 201103684.983.65$131
Sep 20110083.623.99$0
Aug 201103483.404.15$141
Jul 20110094.144.52$0
Jun 201101992.904.64$88
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 2011024285.644.18$1,012
Jan 201102,41586.504.59$11,082
Dec 20101962,36785.734.35$27,094
Nov 201003,14480.843.80$11,933
Oct 201001,83878.103.51$6,449
Sep 201002,11372.633.98$8,409
Aug 201002,35373.684.42$10,399
Jul 201002,10772.554.74$9,980
Jun 201002,48970.364.91$12,222
May 201002,45071.124.24$10,376
Apr 201002,35081.694.12$9,688
Mar 201002,32878.394.39$10,217
Feb 201002,41373.585.44$13,132
Jan 201002,77774.365.96$16,562
Dec 200902,50571.445.48$13,737
Nov 200901,20274.593.75$4,509
Oct 200902,96372.544.11$12,179
Sep 200902,89565.543.06$8,872
Aug 20091903,57767.423.22$24,322
Jul 200903,02061.133.46$10,463
Jun 200901,40366.163.90$5,465
May 200902,47154.743.93$9,701
Apr 200903,25846.773.59$11,688
Mar 200902,22342.144.06$9,023
Feb 2009068732.814.63$3,183
Jan 200902,39335.865.37$12,853
Dec 200803,62537.105.98$21,667
Nov 200804,37955.496.86$30,042
Oct 200806,40075.246.92$44,301
Sep 200802,388101.767.88$18,810
Aug 200801,583114.228.48$13,429
Jul 200802,628131.0811.39$29,931
Jun 200804,211131.3313.03$54,880
May 200801,351123.1711.57$15,637
Apr 200806,018110.3110.45$62,917
Mar 200803,624101.909.66$35,023

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                   30 Mcf  × $  3.24 =        $97

────────────────────────────────────────────────────
Month total                                      $97

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/241239 is the state's own key, not one this site invented.