OLCOTT SOUTH

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) 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 250138District 09Field 65280200CondensateGasSaveExport
Value, all time
$14.7 M
May 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
217
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
CondensateDisposition2 bbl$66
GasProduction3,433,678 Mcf$14,723,183
Total$14,723,248

Every month this lease reported (217)

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

217 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
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 20190056.803.06$0
Feb 20190050.852.79$0
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 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140195.895.06$5
Feb 2014044697.406.19$2,762
Jan 201404,02790.404.86$19,574
Dec 2013028,16991.824.35$122,661
Nov 2013029,01888.853.74$108,477
Oct 2013028,86897.423.78$109,103
Sep 2013031,936104.113.72$118,730
Aug 2013033,800104.253.52$119,064
Jul 2013029,142102.523.72$108,342
Jun 2013033,33594.403.93$131,120
May 2013033,61794.834.15$139,480
Apr 2013038,35593.964.28$164,259
Mar 2013034,23993.623.91$133,973
Feb 2013034,12791.233.42$116,711
Jan 2013035,26691.603.42$120,607
Dec 2012036,38086.773.42$124,425
Nov 2012033,33186.953.62$120,824
Oct 2012035,24989.383.40$119,835
Sep 2012033,59994.672.92$98,055
Aug 2012035,83092.662.91$104,199
Jul 2012035,07085.133.02$105,939
Jun 2012031,64379.822.52$79,710
May 2012038,12391.612.49$94,862
Apr 2012027,560101.652.00$55,032
Mar 2012025,773105.052.22$57,270
Feb 2012030,904101.102.57$79,431
Jan 2012041,01698.092.73$112,141
Dec 2011045,21096.873.24$146,469
Nov 2011043,60795.723.31$144,395
Oct 2011044,60284.983.65$162,732
Sep 2011044,62883.623.99$177,878
Aug 2011046,47283.404.15$192,827
Jul 2011048,55494.144.52$219,330
Jun 2011043,40292.904.64$201,380
May 2011045,48598.134.40$200,353
Apr 2011052,241105.964.33$226,375
Mar 2011053,56196.364.06$217,315
Feb 2011051,62485.644.18$215,787
Jan 2011058,26386.504.59$267,356
Dec 2010061,20585.734.35$266,104
Nov 2010061,42080.843.80$233,109
Oct 2010060,21778.103.51$211,295
Sep 2010061,67572.633.98$245,434
Aug 2010063,65173.684.42$281,297
Jul 2010024,96672.554.74$118,251
Jun 20100070.364.91$0
May 2010029,66471.124.24$125,634
Apr 2010064,61381.694.12$266,379
Mar 2010066,37578.394.39$291,298
Feb 2010060,71473.585.44$330,427
Jan 2010067,85274.365.96$404,675
Dec 2009075,77871.445.48$415,548
Nov 2009077,64374.593.75$291,278
Oct 2009081,68272.544.11$335,733
Sep 2009011,58065.543.06$35,490
Aug 2009056,74967.423.22$182,647
Jul 2009090,90861.133.46$314,951
Jun 2009090,96766.163.90$354,316
May 2009098,71154.743.93$387,515
Apr 20090103,13946.773.59$370,011
Mar 20090113,73742.144.06$461,658
Feb 20092114,45732.814.63$530,345
Jan 20090131,25835.865.37$704,987
Dec 20080158,35837.105.98$946,528
Nov 20080190,15655.496.86$1,304,539
Oct 2008039,73075.246.92$275,010
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$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.

Mar 2014 — as filed, then multipliedworked
Condensate             0 bbl  × $ 95.89 =         $0
Gas                    1 Mcf  × $  5.06 =         $5

────────────────────────────────────────────────────
Month total                                       $5

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/250138 is the state's own key, not one this site invented.