MCCUTCHIN
Operated by WESTERN CHIEF OPERATING, L.L.C. (P-5 911808) 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.
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.
| Stream | Basis | Volume | Value |
|---|---|---|---|
| Condensate | Disposition | 3 bbl | $394 |
| Gas | Production | 39,373 Mcf | $438,006 |
| Total | $438,400 | ||
Every month this lease reported (26)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
26 months
| Mar 2010 | 0 | 0 | 78.39 | 4.39 | $0 |
| Feb 2010 | 0 | 0 | 73.58 | 5.44 | $0 |
| Jan 2010 | 0 | 0 | 74.36 | 5.96 | $0 |
| Dec 2009 | 0 | 0 | 71.44 | 5.48 | $0 |
| Nov 2009 | 0 | 0 | 74.59 | 3.75 | $0 |
| Oct 2009 | 0 | 0 | 72.54 | 4.11 | $0 |
| Sep 2009 | 0 | 0 | 65.54 | 3.06 | $0 |
| Aug 2009 | 0 | 0 | 67.42 | 3.22 | $0 |
| Jul 2009 | 0 | 0 | 61.13 | 3.46 | $0 |
| Jun 2009 | 0 | 0 | 66.16 | 3.90 | $0 |
| May 2009 | 0 | 0 | 54.74 | 3.93 | $0 |
| Apr 2009 | 0 | 0 | 46.77 | 3.59 | $0 |
| Mar 2009 | 0 | 0 | 42.14 | 4.06 | $0 |
| Feb 2009 | 0 | 0 | 32.81 | 4.63 | $0 |
| Jan 2009 | 0 | 0 | 35.86 | 5.37 | $0 |
| Dec 2008 | 0 | 0 | 37.10 | 5.98 | $0 |
| Nov 2008 | 0 | 0 | 55.49 | 6.86 | $0 |
| Oct 2008 | 0 | 0 | 75.24 | 6.92 | $0 |
| Sep 2008 | 0 | 695 | 101.76 | 7.88 | $5,475 |
| Aug 2008 | 0 | 4,746 | 114.22 | 8.48 | $40,260 |
| Jul 2008 | 0 | 5,678 | 131.08 | 11.39 | $64,669 |
| Jun 2008 | 3 | 9,360 | 131.33 | 13.03 | $122,379 |
| May 2008 | 0 | 9,450 | 123.17 | 11.57 | $109,377 |
| Apr 2008 | 0 | 6,287 | 110.31 | 10.45 | $65,730 |
| Mar 2008 | 0 | 3,157 | 101.90 | 9.66 | $30,509 |
| Feb 2008 | 0 | 0 | 92.53 | 8.77 | $0 |
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.
Condensate 0 bbl × $101.76 = $0 Gas 695 Mcf × $ 7.88 = $5,475 ──────────────────────────────────────────────────── Month total $5,475
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/247971 is the state's own key, not one this site invented.