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 | 9 bbl | $972 |
| Gas | Production | 612,734 Mcf | $3,995,352 |
| Total | $3,996,324 | ||
Every month this lease reported (66)
Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.
66 months
| Jun 2013 | 0 | 0 | 94.40 | 3.93 | $0 |
| May 2013 | 0 | 0 | 94.83 | 4.15 | $0 |
| Apr 2013 | 0 | 0 | 93.96 | 4.28 | $0 |
| Mar 2013 | 0 | 0 | 93.62 | 3.91 | $0 |
| Feb 2013 | 0 | 0 | 91.23 | 3.42 | $0 |
| Jan 2013 | 0 | 2,583 | 91.60 | 3.42 | $8,834 |
| Dec 2012 | 0 | 4,061 | 86.77 | 3.42 | $13,889 |
| Nov 2012 | 0 | 4,133 | 86.95 | 3.62 | $14,982 |
| Oct 2012 | 0 | 404 | 89.38 | 3.40 | $1,373 |
| Sep 2012 | 0 | 3,947 | 94.67 | 2.92 | $11,519 |
| Aug 2012 | 0 | 4,186 | 92.66 | 2.91 | $12,174 |
| Jul 2012 | 0 | 4,631 | 85.13 | 3.02 | $13,989 |
| Jun 2012 | 0 | 5,216 | 79.82 | 2.52 | $13,139 |
| May 2012 | 0 | 5,399 | 91.61 | 2.49 | $13,434 |
| Apr 2012 | 3 | 5,493 | 101.65 | 2.00 | $11,273 |
| Mar 2012 | 0 | 6,315 | 105.05 | 2.22 | $14,032 |
| Feb 2012 | 4 | 4,568 | 101.10 | 2.57 | $12,145 |
| Jan 2012 | 0 | 3,863 | 98.09 | 2.73 | $10,562 |
| Dec 2011 | 0 | 5,643 | 96.87 | 3.24 | $18,282 |
| Nov 2011 | 0 | 3,761 | 95.72 | 3.31 | $12,454 |
| Oct 2011 | 0 | 5,208 | 84.98 | 3.65 | $19,002 |
| Sep 2011 | 0 | 6,707 | 83.62 | 3.99 | $26,733 |
| Aug 2011 | 0 | 6,755 | 83.40 | 4.15 | $28,029 |
| Jul 2011 | 0 | 7,898 | 94.14 | 4.52 | $35,677 |
| Jun 2011 | 0 | 6,535 | 92.90 | 4.64 | $30,322 |
| May 2011 | 0 | 7,189 | 98.13 | 4.40 | $31,666 |
| Apr 2011 | 0 | 7,903 | 105.96 | 4.33 | $34,246 |
| Mar 2011 | 0 | 6,590 | 96.36 | 4.06 | $26,738 |
| Feb 2011 | 0 | 3,264 | 85.64 | 4.18 | $13,643 |
| Jan 2011 | 0 | 6,677 | 86.50 | 4.59 | $30,639 |
| Dec 2010 | 0 | 8,088 | 85.73 | 4.35 | $35,165 |
| Nov 2010 | 0 | 7,632 | 80.84 | 3.80 | $28,966 |
| Oct 2010 | 0 | 10,364 | 78.10 | 3.51 | $36,366 |
| Sep 2010 | 0 | 10,176 | 72.63 | 3.98 | $40,495 |
| Aug 2010 | 0 | 9,418 | 73.68 | 4.42 | $41,622 |
| Jul 2010 | 0 | 8,397 | 72.55 | 4.74 | $39,772 |
| Jun 2010 | 0 | 6,134 | 70.36 | 4.91 | $30,120 |
| May 2010 | 0 | 3,645 | 71.12 | 4.24 | $15,437 |
| Apr 2010 | 0 | 4,363 | 81.69 | 4.12 | $17,987 |
| Mar 2010 | 0 | 3,092 | 78.39 | 4.39 | $13,570 |
| Feb 2010 | 0 | 5,036 | 73.58 | 5.44 | $27,408 |
| Jan 2010 | 0 | 4,027 | 74.36 | 5.96 | $24,017 |
| Dec 2009 | 0 | 4,327 | 71.44 | 5.48 | $23,728 |
| Nov 2009 | 0 | 7,897 | 74.59 | 3.75 | $29,626 |
| Oct 2009 | 0 | 7,832 | 72.54 | 4.11 | $32,191 |
| Sep 2009 | 0 | 10,496 | 65.54 | 3.06 | $32,168 |
| Aug 2009 | 0 | 8,791 | 67.42 | 3.22 | $28,294 |
| Jul 2009 | 0 | 13,021 | 61.13 | 3.46 | $45,111 |
| Jun 2009 | 0 | 8,073 | 66.16 | 3.90 | $31,444 |
| May 2009 | 0 | 12,195 | 54.74 | 3.93 | $47,875 |
| Apr 2009 | 0 | 14,015 | 46.77 | 3.59 | $50,279 |
| Mar 2009 | 0 | 16,692 | 42.14 | 4.06 | $67,753 |
| Feb 2009 | 0 | 13,582 | 32.81 | 4.63 | $62,925 |
| Jan 2009 | 0 | 17,890 | 35.86 | 5.37 | $96,087 |
| Dec 2008 | 0 | 18,845 | 37.10 | 5.98 | $112,639 |
| Nov 2008 | 0 | 18,698 | 55.49 | 6.86 | $128,275 |
| Oct 2008 | 0 | 20,402 | 75.24 | 6.92 | $141,222 |
| Sep 2008 | 0 | 18,129 | 101.76 | 7.88 | $142,804 |
| Aug 2008 | 0 | 18,747 | 114.22 | 8.48 | $159,031 |
| Jul 2008 | 0 | 26,020 | 131.08 | 11.39 | $296,353 |
| Jun 2008 | 2 | 35,257 | 131.33 | 13.03 | $459,754 |
| May 2008 | 0 | 42,696 | 123.17 | 11.57 | $494,176 |
| Apr 2008 | 0 | 38,017 | 110.31 | 10.45 | $397,462 |
| Mar 2008 | 0 | 31,811 | 101.90 | 9.66 | $307,424 |
| Feb 2008 | 0 | 0 | 92.53 | 8.77 | $0 |
| Jan 2008 | 0 | 0 | 90.38 | 8.21 | $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 × $ 91.60 = $0 Gas 2,583 Mcf × $ 3.42 = $8,834 ──────────────────────────────────────────────────── Month total $8,834
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/250176 is the state's own key, not one this site invented.