RITCHIE

Operated by OAKRIDGE OIL AND GAS, LP (P-5 617342) 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 241316District 09Field 65280200CondensateGasSaveExport
Value, all time
$3.0 M
Sep 2008 – Jul 2021
Value, last 12 filed months
$483
at the published price for each month
Months reported
155
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
CondensateDisposition26,715 bbl$1,669,790
GasProduction293,556 Mcf$1,340,528
Total$3,010,318

Every month this lease reported (155)

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

155 months

Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20218060.362.76$483
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190956.803.06$28
Feb 201943050.852.79$2,187
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
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 2014122096.564.18$11,780
Jun 2014063898.164.74$3,022
May 2014093094.734.73$4,396
Apr 2014090095.944.81$4,328
Mar 2014089695.895.06$4,531
Feb 2014070697.406.19$4,372
Jan 2014090690.404.86$4,404
Dec 201301,00791.824.35$4,385
Nov 20130688.853.74$22
Oct 20130497.423.78$15
Sep 201302104.113.72$7
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130394.403.93$12
May 20130094.834.15$0
Apr 2013017493.964.28$745
Mar 201311393.623.91$144
Feb 20130091.233.42$0
Jan 201301491.603.42$48
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120694.672.92$18
Aug 201202,44792.662.91$7,116
Jul 201201,33385.133.02$4,027
Jun 201208479.822.52$212
May 20120691.612.49$15
Apr 201203101.652.00$6
Mar 2012103479105.052.22$11,885
Feb 20120312101.102.57$802
Jan 201201,60698.092.73$4,391
Dec 20111623,47596.873.24$26,951
Nov 201103,15595.723.31$10,447
Oct 201105,17184.983.65$18,867
Sep 20111763,98083.623.99$30,581
Aug 201105,26683.404.15$21,850
Jul 201105,23994.144.52$23,666
Jun 201104,78392.904.64$22,193
May 20111785,87898.134.40$43,359
Apr 201104,789105.964.33$20,752
Mar 201104,77696.364.06$19,378
Feb 20111813,69185.644.18$30,929
Jan 201105,99386.504.59$27,501
Dec 20101715,24685.734.35$37,468
Nov 201005,10780.843.80$19,383
Oct 20102455,43878.103.51$38,216
Sep 201005,46572.633.98$21,748
Aug 20101835,55173.684.42$38,015
Jul 201004,46172.554.74$21,129
Jun 201003,12270.364.91$15,330
May 201016394971.124.24$15,612
Apr 20101906,32481.694.12$41,593
Mar 201028,35278.394.39$36,811
Feb 20101882,88473.585.44$29,529
Jan 20101652,32674.365.96$26,142
Dec 20091719,58071.445.48$64,751
Nov 20091719,61674.593.75$48,829
Oct 200937712,83872.544.11$80,115
Sep 200936514,43065.543.06$68,146
Aug 200973010,68467.423.22$83,603
Jul 20091905,19761.133.46$29,620
Jun 20099597,34566.163.90$92,056
May 200909,07754.743.93$35,634
Apr 200955210,55046.773.59$63,665
Mar 20091,40312,47642.144.06$109,763
Feb 20093943,08832.814.63$27,234
Jan 20091,80310,72835.865.37$122,276
Dec 20082,43819,40637.105.98$206,442
Nov 20085,4025,72955.496.86$339,060
Oct 20088,95327,80475.246.92$866,082
Sep 20085261,103101.767.88$62,214

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.

Apr 2021 — as filed, then multipliedworked
Condensate             8 bbl  × $ 60.36 =       $483
Gas                    0 Mcf  × $  2.76 =         $0

────────────────────────────────────────────────────
Month total                                     $483

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/241316 is the state's own key, not one this site invented.