HEAD, J. M. ESTATE

Name: HEAD, J. M. ESTATE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BKM PRODUCTION (P-5 72533) in the SHERMAN field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 17174District 09Field 83162001OilCasinghead gasSave Export

Value, all time

$995 k

Jan 1993 – Apr 2023

Value, last 12 filed months

at the published price for each month

Months reported

364

no gaps in the span

Streams

oil, casinghead gas

The SHERMAN field

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 37 leases and 51 wells, and the rule below applies to all of them.

Discovered

1947-08-31

as the register files it

Field class

Oil

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres.

The Commission's schedule remark for this field reads: “RIFENBURG, RISING, SWAFFORD, WOODSON I, & WOODSON III CONSL 1/1/74”

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
Oil	Disposition	22,956 bbl	$942,771
Casinghead gas	Production	13,585 Mcf	$52,528
Total			$995,299

2,523 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (6)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 33.6725, -96.6265. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

33.67230, -96.62705 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

6 of 6 wells

With a plug date

100.0%

6 of 6 wells

Median depth

5,088 ft

6 wells filed one

Completion to plug

26.9 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

6100.0%

A plug date is filed

6100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

6100.0%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

Between 4,373 and 7,570 ft, median 5,088 ft, over the 6 wells that filed a depth.

Completions filed

Aug 1987 – Jun 1995

2 of 6 wells; 4 filed none

Plug dates filed

Nov 1989 – Aug 2022

6 of 6 wells

Last completion to plug: a median of 26.9 years across the 2 wells that filed both dates, with the middle half between 22.8 years and 30.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells


42-18100694	2	4,373 ft	—	Nov 1989	Yes
42-18100695	3	4,396 ft	—	Dec 1995	Yes
42-18100696	4	6,010 ft	—	Dec 1995	Yes
42-18100697	5	5,770 ft	—	Oct 1995	Yes
42-18130679	12	7,570 ft	Jun 1995	Mar 2014	Yes
42-18100693	1	4,405 ft	Aug 1987	Aug 2022	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (364)

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

364 months


Apr 2023	0	0	78.12	2.24	$0
Mar 2023	0	0	72.85	2.39	$0
Feb 2023	0	0	75.11	2.47	$0
Jan 2023	0	0	76.53	3.39	$0
Dec 2022	0	0	76.41	5.73	$0
Nov 2022	0	0	85.00	5.65	$0
Oct 2022	0	0	87.18	5.86	$0
Sep 2022	0	0	84.88	8.16	$0
Aug 2022	0	0	94.52	9.13	$0
Jul 2022	0	0	101.58	7.54	$0
Jun 2022	0	0	115.09	7.98	$0
May 2022	0	0	109.37	8.43	$0
Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	6	2	45.37	3.00	$278
Jul 2017	10	4	43.87	3.09	$451
Jun 2017	7	2	42.49	3.09	$304
May 2017	8	4	45.37	3.26	$376
Apr 2017	2	4	47.93	3.21	$109
Mar 2017	12	5	46.77	2.98	$576
Feb 2017	8	1	50.45	2.95	$407
Jan 2017	5	2	49.41	3.42	$254
Dec 2016	17	0	48.76	3.72	$829
Nov 2016	24	0	42.49	2.64	$1,020
Oct 2016	39	0	46.19	3.09	$1,801
Sep 2016	7	0	41.55	3.10	$291
Aug 2016	28	0	41.44	2.92	$1,160
Jul 2016	50	52	41.62	2.92	$2,233
Jun 2016	38	62	45.35	2.69	$1,890
May 2016	37	66	42.52	1.99	$1,705
Apr 2016	47	46	36.56	1.99	$1,810
Mar 2016	35	60	33.01	1.79	$1,263
Feb 2016	24	135	26.47	2.06	$914
Jan 2016	13	76	27.35	2.36	$535
Dec 2015	41	102	32.36	2.00	$1,531
Nov 2015	55	88	38.79	2.17	$2,324
Oct 2015	38	47	43.55	2.43	$1,769
Sep 2015	36	53	42.99	2.76	$1,694
Aug 2015	40	61	40.16	2.87	$1,782
Jul 2015	36	58	48.15	2.95	$1,904
Jun 2015	6	110	56.15	2.88	$654
May 2015	31	34	55.21	2.96	$1,812
Apr 2015	39	53	49.82	2.71	$2,086
Mar 2015	44	22	42.89	2.93	$1,952
Feb 2015	24	16	44.66	2.98	$1,119
Jan 2015	3	21	43.43	3.10	$195
Dec 2014	0	34	54.69	3.59	$122
Nov 2014	0	18	70.46	4.25	$77
Oct 2014	0	21	78.30	3.90	$82
Sep 2014	2	25	86.16	4.05	$273
Aug 2014	31	24	89.39	4.04	$2,868
Jul 2014	35	68	96.56	4.18	$3,664
Jun 2014	40	22	98.16	4.74	$4,031
May 2014	42	27	94.73	4.73	$4,106
Apr 2014	27	48	95.94	4.81	$2,821
Mar 2014	41	29	95.89	5.06	$4,078
Feb 2014	41	44	97.40	6.19	$4,266
Jan 2014	42	49	90.40	4.86	$4,035
Dec 2013	12	47	91.82	4.35	$1,307
Nov 2013	21	50	88.85	3.74	$2,053
Oct 2013	33	54	97.42	3.78	$3,419
Sep 2013	53	6	104.11	3.72	$5,540
Aug 2013	32	8	104.25	3.52	$3,364
Jul 2013	36	10	102.52	3.72	$3,728
Jun 2013	41	7	94.40	3.93	$3,898
May 2013	33	10	94.83	4.15	$3,171
Apr 2013	9	0	93.96	4.28	$846
Mar 2013	36	34	93.62	3.91	$3,503
Feb 2013	27	56	91.23	3.42	$2,655
Jan 2013	55	55	91.60	3.42	$5,226
Dec 2012	27	52	86.77	3.42	$2,521
Nov 2012	37	62	86.95	3.62	$3,442
Oct 2012	37	22	89.38	3.40	$3,382
Sep 2012	42	68	94.67	2.92	$4,175
Aug 2012	55	58	92.66	2.91	$5,265
Jul 2012	37	62	85.13	3.02	$3,337
Jun 2012	40	13	79.82	2.52	$3,226
May 2012	41	23	91.61	2.49	$3,813
Apr 2012	40	26	101.65	2.00	$4,118
Mar 2012	47	43	105.05	2.22	$5,033
Feb 2012	48	27	101.10	2.57	$4,922
Jan 2012	69	42	98.09	2.73	$6,883
Dec 2011	63	40	96.87	3.24	$6,232
Nov 2011	69	45	95.72	3.31	$6,754
Oct 2011	61	42	84.98	3.65	$5,337
Sep 2011	87	32	83.62	3.99	$7,402
Aug 2011	100	37	83.40	4.15	$8,494
Jul 2011	95	51	94.14	4.52	$9,174
Jun 2011	94	53	92.90	4.64	$8,979
May 2011	82	51	98.13	4.40	$8,271
Apr 2011	81	44	105.96	4.33	$8,773
Mar 2011	95	23	96.36	4.06	$9,248
Feb 2011	77	40	85.64	4.18	$6,761
Jan 2011	94	10	86.50	4.59	$8,177
Dec 2010	22	74	85.73	4.35	$2,208
Nov 2010	117	20	80.84	3.80	$9,534
Oct 2010	115	21	78.10	3.51	$9,055
Sep 2010	113	16	72.63	3.98	$8,271
Aug 2010	122	28	73.68	4.42	$9,113
Jul 2010	115	17	72.55	4.74	$8,424
Jun 2010	111	8	70.36	4.91	$7,849
May 2010	119	23	71.12	4.24	$8,561
Apr 2010	89	39	81.69	4.12	$7,431
Mar 2010	108	65	78.39	4.39	$8,751
Feb 2010	100	34	73.58	5.44	$7,543
Jan 2010	84	41	74.36	5.96	$6,491
Dec 2009	109	1	71.44	5.48	$7,792
Nov 2009	95	0	74.59	3.75	$7,086
Oct 2009	111	38	72.54	4.11	$8,208
Sep 2009	93	34	65.54	3.06	$6,199
Aug 2009	82	42	67.42	3.22	$5,664
Jul 2009	90	47	61.13	3.46	$5,665
Jun 2009	91	41	66.16	3.90	$6,180
May 2009	27	91	54.74	3.93	$1,835
Apr 2009	95	0	46.77	3.59	$4,443
Mar 2009	80	0	42.14	4.06	$3,371
Feb 2009	90	0	32.81	4.63	$2,953
Jan 2009	96	0	35.86	5.37	$3,443
Dec 2008	86	0	37.10	5.98	$3,191
Nov 2008	90	19	55.49	6.86	$5,124
Oct 2008	94	45	75.24	6.92	$7,384
Sep 2008	66	40	101.76	7.88	$7,031
Aug 2008	95	28	114.22	8.48	$11,088
Jul 2008	86	74	131.08	11.39	$12,116
Jun 2008	80	41	131.33	13.03	$11,041
May 2008	68	3	123.17	11.57	$8,410
Apr 2008	74	1	110.31	10.45	$8,173
Mar 2008	79	42	101.90	9.66	$8,456
Feb 2008	61	56	92.53	8.77	$6,135
Jan 2008	78	41	90.38	8.21	$7,386
Dec 2007	72	38	88.33	7.30	$6,637
Nov 2007	69	42	91.67	7.29	$6,631
Oct 2007	111	51	82.85	6.92	$9,549
Sep 2007	121	57	75.84	6.24	$9,533
Aug 2007	111	51	69.06	6.39	$7,991
Jul 2007	97	50	70.90	6.39	$7,197
Jun 2007	70	47	62.00	7.55	$4,695
May 2007	72	36	58.74	7.85	$4,512
Apr 2007	101	27	59.61	7.81	$6,231
Mar 2007	47	42	56.92	7.30	$2,982
Feb 2007	63	35	55.10	8.22	$3,759
Jan 2007	70	43	50.30	6.73	$3,810
Dec 2006	71	47	56.65	6.92	$4,347
Nov 2006	74	43	54.20	7.62	$4,338
Oct 2006	60	53	54.90	6.01	$3,613
Sep 2006	70	47	60.08	5.04	$4,442
Aug 2006	74	62	68.71	7.34	$5,540
Jul 2006	69	63	69.37	6.34	$5,186
Jun 2006	63	47	66.28	6.38	$4,476
May 2006	70	55	66.01	6.42	$4,974
Apr 2006	63	52	64.39	7.36	$4,439
Mar 2006	67	59	56.70	7.08	$4,217
Feb 2006	77	57	57.59	7.75	$4,876
Jan 2006	78	59	60.59	8.93	$5,253
Dec 2005	68	62	54.94	13.42	$4,568
Nov 2005	70	61	54.69	10.59	$4,474
Oct 2005	76	59	58.34	13.80	$5,248
Sep 2005	52	55	61.45	12.08	$3,860
Aug 2005	62	62	61.51	9.80	$4,421
Jul 2005	68	60	55.69	7.84	$4,258
Jun 2005	63	54	52.33	7.38	$3,695
May 2005	61	57	45.22	6.65	$3,138
Apr 2005	71	52	49.20	7.36	$3,876
Mar 2005	80	62	50.37	7.15	$4,473
Feb 2005	67	62	45.22	6.31	$3,421
Jan 2005	74	72	43.16	6.32	$3,649
Dec 2004	79	76	39.86	6.75	$3,662
Nov 2004	75	68	45.28	6.33	$3,826
Oct 2004	181	74	49.70	6.52	$9,478
Sep 2004	60	85	43.24	5.28	$3,044
Aug 2004	59	81	42.37	5.55	$2,949
Jul 2004	87	79	38.28	6.08	$3,811
Jun 2004	72	80	36.10	6.43	$3,114
May 2004	70	74	37.48	6.49	$3,104
Apr 2004	71	76	34.47	5.86	$2,893
Mar 2004	63	80	34.36	5.53	$2,607
Feb 2004	71	65	32.45	5.51	$2,662
Jan 2004	78	73	32.03	6.30	$2,958
Dec 2003	82	73	30.26	6.30	$2,941
Nov 2003	82	76	28.80	4.60	$2,711
Oct 2003	94	73	28.17	4.76	$2,995
Sep 2003	65	78	26.31	4.75	$2,081
Aug 2003	64	93	29.76	5.13	$2,382
Jul 2003	73	72	29.41	5.17	$2,519
Jun 2003	60	74	28.56	5.98	$2,156
May 2003	88	87	26.59	5.97	$2,860
Apr 2003	87	84	26.67	5.41	$2,775
Mar 2003	50	81	31.14	6.10	$2,051
Feb 2003	75	66	33.48	7.93	$3,034
Jan 2003	87	73	30.31	5.58	$3,044
Dec 2002	80	51	26.91	4.85	$2,400
Nov 2002	85	56	24.66	4.14	$2,328
Oct 2002	77	59	26.46	4.23	$2,287
Sep 2002	53	62	27.44	3.64	$1,680
Aug 2002	71	74	25.96	3.16	$2,077
Jul 2002	84	76	24.58	3.06	$2,297
Jun 2002	87	80	23.73	3.34	$2,332
May 2002	81	107	24.66	3.58	$2,381
Apr 2002	86	83	23.65	3.51	$2,325
Mar 2002	98	86	22.00	3.10	$2,423
Feb 2002	79	75	18.22	2.38	$1,618
Jan 2002	85	81	17.17	2.38	$1,652
Dec 2001	91	82	16.93	2.36	$1,735
Nov 2001	80	79	18.07	2.41	$1,636
Oct 2001	93	82	19.78	2.53	$2,047
Sep 2001	79	74	24.26	2.25	$2,083
Aug 2001	87	56	24.87	3.05	$2,335
Jul 2001	92	67	23.93	3.20	$2,416
Jun 2001	84	54	24.56	3.82	$2,270
May 2001	92	57	25.52	4.31	$2,593
Apr 2001	91	58	24.68	5.34	$2,555
Mar 2001	92	55	24.54	5.38	$2,553
Feb 2001	82	67	27.75	5.77	$2,662
Jan 2001	91	69	27.47	8.40	$3,079
Dec 2000	81	67	26.88	9.12	$2,788
Nov 2000	93	51	32.21	5.66	$3,284
Oct 2000	84	50	31.23	5.15	$2,881
Sep 2000	88	62	31.87	5.19	$3,126
Aug 2000	96	28	29.64	4.54	$2,973
Jul 2000	82	18	28.53	4.09	$2,413
Jun 2000	73	18	29.30	4.40	$2,218
May 2000	89	19	27.26	3.68	$2,496
Apr 2000	90	19	24.51	3.12	$2,265
Mar 2000	96	18	28.42	2.86	$2,780
Feb 2000	80	17	27.62	2.73	$2,256
Jan 2000	103	19	25.27	2.48	$2,650
Dec 1999	106	26	24.28	2.42	$2,637
Nov 1999	97	22	23.19	2.43	$2,303
Oct 1999	133	23	20.98	2.80	$2,855
Sep 1999	64	21	21.75	2.62	$1,447
Aug 1999	89	17	19.26	2.88	$1,763
Jul 1999	93	18	17.89	2.37	$1,706
Jun 1999	85	16	15.94	2.36	$1,393
May 1999	83	18	15.79	2.32	$1,352
Apr 1999	90	26	15.10	2.21	$1,416
Mar 1999	95	20	12.47	1.84	$1,221
Feb 1999	100	16	9.98	1.82	$1,027
Jan 1999	102	15	10.38	1.90	$1,087
Dec 1998	101	12	9.20	1.77	$950
Nov 1998	100	41	10.89	2.19	$1,179
Oct 1998	94	46	12.42	1.97	$1,258
Sep 1998	101	54	12.59	2.08	$1,384
Aug 1998	88	78	11.30	1.91	$1,143
Jul 1998	72	77	11.74	2.24	$1,018
Jun 1998	92	50	11.24	2.24	$1,146
May 1998	105	50	12.62	2.21	$1,435
Apr 1998	107	19	13.04	2.51	$1,443
Mar 1998	98	30	12.80	2.31	$1,324
Feb 1998	111	38	13.95	2.30	$1,636
Jan 1998	99	50	14.70	2.15	$1,563
Dec 1997	105	56	16.32	2.41	$1,849
Nov 1997	100	52	18.19	3.09	$1,980
Oct 1997	103	55	19.25	3.15	$2,156
Sep 1997	83	51	17.74	2.95	$1,623
Aug 1997	109	51	17.86	2.55	$2,077
Jul 1997	98	69	17.58	2.25	$1,878
Jun 1997	103	56	17.24	2.26	$1,902
May 1997	103	32	18.97	2.31	$2,028
Apr 1997	103	28	17.88	2.08	$1,900
Mar 1997	107	23	18.95	1.94	$2,072
Feb 1997	91	22	20.49	2.21	$1,913
Jan 1997	111	18	23.48	3.54	$2,670
Dec 1996	88	18	23.32	—	$2,052
Nov 1996	96	15	21.97	—	$2,109
Oct 1996	55	24	23.31	—	$1,282
Sep 1996	115	21	22.22	—	$2,555
Aug 1996	122	49	20.26	—	$2,472
Jul 1996	127	59	19.55	—	$2,483
Jun 1996	118	39	18.73	—	$2,210
May 1996	119	73	19.43	—	$2,312
Apr 1996	116	56	21.51	—	$2,495
Mar 1996	122	50	19.38	—	$2,364
Feb 1996	119	21	16.98	—	$2,021
Jan 1996	125	41	17.07	—	$2,134
Dec 1995	118	58	17.19	—	$2,028
Nov 1995	117	39	16.00	—	$1,872
Oct 1995	73	71	15.43	—	$1,126
Sep 1995	112	64	16.18	—	$1,812
Aug 1995	122	68	15.92	—	$1,942
Jul 1995	118	63	15.24	—	$1,798
Jun 1995	105	47	16.41	—	$1,723
May 1995	108	23	17.56	—	$1,896
Apr 1995	118	48	17.73	—	$2,092
Mar 1995	123	39	16.44	—	$2,022
Feb 1995	110	41	16.58	—	$1,824
Jan 1995	119	34	15.92	—	$1,894
Dec 1994	123	37	15.03	—	$1,849
Nov 1994	117	44	15.90	—	$1,860
Oct 1994	114	48	15.58	—	$1,776
Sep 1994	120	49	15.29	—	$1,835
Aug 1994	114	64	16.13	—	$1,839
Jul 1994	120	61	17.56	—	$2,107
Jun 1994	121	28	17.09	—	$2,068
May 1994	115	59	15.88	—	$1,826
Apr 1994	115	62	14.14	—	$1,626
Mar 1994	123	68	12.46	—	$1,533
Feb 1994	112	31	12.50	—	$1,400
Jan 1994	134	52	12.66	—	$1,696
Dec 1993	119	103	12.33	—	$1,467
Nov 1993	116	52	14.49	—	$1,681
Oct 1993	128	67	15.85	—	$2,029
Sep 1993	116	62	15.03	—	$1,743
Aug 1993	124	70	15.66	—	$1,942
Jul 1993	119	69	15.46	—	$1,840
Jun 1993	117	86	16.79	—	$1,964
May 1993	121	82	17.68	—	$2,139
Apr 1993	134	93	18.05	—	$2,419
Mar 1993	129	72	18.14	—	$2,340
Feb 1993	136	52	17.90	—	$2,434
Jan 1993	135	51	16.93	—	$2,286

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.

Aug 2017 — as filed, then multipliedworked

Oil                    6 bbl  × $ 45.37 =       $272
Casinghead gas         2 Mcf  × $  3.00 =         $6

────────────────────────────────────────────────────
Month total                                     $278

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/O/17174 is the state's own key, not one this site invented.