HERNDON -C-

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

Operated by COURSON OIL & GAS, INC. (P-5 182785) in the ELLIS RANCH (KEYS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 21989District 10Field 28506380CondensateGasSave Export

Value, all time

$1.4 M

Jan 1993 – Feb 2023

Value, last 12 filed months

at the published price for each month

Months reported

362

no gaps in the span

Streams

condensate, gas

The ELLIS RANCH (KEYS) 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 41 leases and 41 wells, and the rule below applies to all of them.

Discovered

1957-08-01

as the register files it

Field class

Gas

the register's own label

Between wells

2,500 ft

minimum

From a lease line

1,250 ft

minimum

A drilling unit in this field needs at least 640 acres.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED EFF. 5/1/93”

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	54 bbl	$1,928
Gas	Production	471,000 Mcf	$1,399,197
Total			$1,401,126

161,403 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 (1)

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 36.2424, -100.6964. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.24245, -100.69637 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

9,512 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

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

1100.0%

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

The one well that filed a depth was drilled to 9,512 ft.

Plug dates filed

Feb 2023

1 of 1 wells

1 well


42-35700526	2 L	9,512 ft	—	Feb 2023	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 (362)

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

362 months


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	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	266	45.35	2.69	$714
May 2016	0	328	42.52	1.99	$653
Apr 2016	0	313	36.56	1.99	$623
Mar 2016	0	442	33.01	1.79	$793
Feb 2016	0	404	26.47	2.06	$834
Jan 2016	0	461	27.35	2.36	$1,090
Dec 2015	0	424	32.36	2.00	$849
Nov 2015	0	531	38.79	2.17	$1,151
Oct 2015	0	562	43.55	2.43	$1,364
Sep 2015	0	483	42.99	2.76	$1,332
Aug 2015	0	506	40.16	2.87	$1,453
Jul 2015	35	485	48.15	2.95	$3,114
Jun 2015	0	674	56.15	2.88	$1,943
May 2015	0	881	55.21	2.96	$2,604
Apr 2015	0	833	49.82	2.71	$2,255
Mar 2015	0	929	42.89	2.93	$2,726
Feb 2015	0	863	44.66	2.98	$2,568
Jan 2015	0	1,000	43.43	3.10	$3,101
Dec 2014	0	1,096	54.69	3.59	$3,936
Nov 2014	0	1,058	70.46	4.25	$4,498
Oct 2014	0	1,074	78.30	3.90	$4,190
Sep 2014	0	960	86.16	4.05	$3,884
Aug 2014	0	1,125	89.39	4.04	$4,540
Jul 2014	0	1,143	96.56	4.18	$4,777
Jun 2014	0	836	98.16	4.74	$3,960
May 2014	0	851	94.73	4.73	$4,022
Apr 2014	0	541	95.94	4.81	$2,602
Mar 2014	0	603	95.89	5.06	$3,049
Feb 2014	0	482	97.40	6.19	$2,985
Jan 2014	0	548	90.40	4.86	$2,664
Dec 2013	0	577	91.82	4.35	$2,513
Nov 2013	0	776	88.85	3.74	$2,901
Oct 2013	0	977	97.42	3.78	$3,692
Sep 2013	0	670	104.11	3.72	$2,491
Aug 2013	0	959	104.25	3.52	$3,378
Jul 2013	0	972	102.52	3.72	$3,614
Jun 2013	0	867	94.40	3.93	$3,410
May 2013	0	747	94.83	4.15	$3,099
Apr 2013	0	808	93.96	4.28	$3,460
Mar 2013	0	1,024	93.62	3.91	$4,007
Feb 2013	0	1,065	91.23	3.42	$3,642
Jan 2013	0	1,128	91.60	3.42	$3,858
Dec 2012	0	899	86.77	3.42	$3,075
Nov 2012	0	1,058	86.95	3.62	$3,835
Oct 2012	0	846	89.38	3.40	$2,876
Sep 2012	0	670	94.67	2.92	$1,955
Aug 2012	0	700	92.66	2.91	$2,036
Jul 2012	0	753	85.13	3.02	$2,275
Jun 2012	0	673	79.82	2.52	$1,695
May 2012	0	725	91.61	2.49	$1,804
Apr 2012	0	694	101.65	2.00	$1,386
Mar 2012	0	759	105.05	2.22	$1,687
Feb 2012	0	594	101.10	2.57	$1,527
Jan 2012	0	698	98.09	2.73	$1,908
Dec 2011	0	716	96.87	3.24	$2,320
Nov 2011	0	698	95.72	3.31	$2,311
Oct 2011	0	734	84.98	3.65	$2,678
Sep 2011	0	732	83.62	3.99	$2,918
Aug 2011	0	641	83.40	4.15	$2,660
Jul 2011	0	733	94.14	4.52	$3,311
Jun 2011	0	593	92.90	4.64	$2,751
May 2011	0	785	98.13	4.40	$3,458
Apr 2011	0	803	105.96	4.33	$3,480
Mar 2011	0	835	96.36	4.06	$3,388
Feb 2011	0	758	85.64	4.18	$3,168
Jan 2011	0	941	86.50	4.59	$4,318
Dec 2010	0	1,001	85.73	4.35	$4,352
Nov 2010	0	892	80.84	3.80	$3,385
Oct 2010	0	1,099	78.10	3.51	$3,856
Sep 2010	0	850	72.63	3.98	$3,383
Aug 2010	0	878	73.68	4.42	$3,880
Jul 2010	0	1,028	72.55	4.74	$4,869
Jun 2010	0	770	70.36	4.91	$3,781
May 2010	0	950	71.12	4.24	$4,023
Apr 2010	0	914	81.69	4.12	$3,768
Mar 2010	0	956	78.39	4.39	$4,196
Feb 2010	0	836	73.58	5.44	$4,550
Jan 2010	0	1,052	74.36	5.96	$6,274
Dec 2009	0	1,237	71.44	5.48	$6,783
Nov 2009	0	998	74.59	3.75	$3,744
Oct 2009	0	804	72.54	4.11	$3,305
Sep 2009	0	924	65.54	3.06	$2,832
Aug 2009	0	1,034	67.42	3.22	$3,328
Jul 2009	0	1,117	61.13	3.46	$3,870
Jun 2009	0	866	66.16	3.90	$3,373
May 2009	0	1,045	54.74	3.93	$4,102
Apr 2009	0	1,077	46.77	3.59	$3,864
Mar 2009	0	1,166	42.14	4.06	$4,733
Feb 2009	0	1,155	32.81	4.63	$5,351
Jan 2009	0	1,288	35.86	5.37	$6,918
Dec 2008	0	1,208	37.10	5.98	$7,220
Nov 2008	0	1,204	55.49	6.86	$8,260
Oct 2008	0	1,408	75.24	6.92	$9,746
Sep 2008	0	1,341	101.76	7.88	$10,563
Aug 2008	0	1,143	114.22	8.48	$9,696
Jul 2008	0	1,185	131.08	11.39	$13,496
Jun 2008	0	1,129	131.33	13.03	$14,714
May 2008	0	1,197	123.17	11.57	$13,854
Apr 2008	0	1,129	110.31	10.45	$11,804
Mar 2008	0	1,179	101.90	9.66	$11,394
Feb 2008	0	1,194	92.53	8.77	$10,472
Jan 2008	0	1,271	90.38	8.21	$10,429
Dec 2007	0	1,146	88.33	7.30	$8,368
Nov 2007	0	1,314	91.67	7.29	$9,581
Oct 2007	0	1,192	82.85	6.92	$8,251
Sep 2007	0	1,103	75.84	6.24	$6,887
Aug 2007	0	1,215	69.06	6.39	$7,761
Jul 2007	0	1,238	70.90	6.39	$7,908
Jun 2007	0	1,209	62.00	7.55	$9,126
May 2007	0	1,250	58.74	7.85	$9,808
Apr 2007	0	1,247	59.61	7.81	$9,733
Mar 2007	0	1,321	56.92	7.30	$9,646
Feb 2007	0	1,219	55.10	8.22	$10,015
Jan 2007	0	1,458	50.30	6.73	$9,808
Dec 2006	0	1,434	56.65	6.92	$9,921
Nov 2006	0	1,418	54.20	7.62	$10,802
Oct 2006	0	1,528	54.90	6.01	$9,189
Sep 2006	0	1,285	60.08	5.04	$6,473
Aug 2006	0	1,067	68.71	7.34	$7,832
Jul 2006	0	1,007	69.37	6.34	$6,387
Jun 2006	0	980	66.28	6.38	$6,256
May 2006	0	1,071	66.01	6.42	$6,881
Apr 2006	0	1,246	64.39	7.36	$9,171
Mar 2006	0	1,246	56.70	7.08	$8,825
Feb 2006	0	1,277	57.59	7.75	$9,898
Jan 2006	0	1,478	60.59	8.93	$13,203
Dec 2005	0	1,500	54.94	13.42	$20,123
Nov 2005	0	1,390	54.69	10.59	$14,718
Oct 2005	0	1,377	58.34	13.80	$18,997
Sep 2005	0	1,210	61.45	12.08	$14,616
Aug 2005	0	1,352	61.51	9.80	$13,245
Jul 2005	0	1,359	55.69	7.84	$10,660
Jun 2005	0	1,319	52.33	7.38	$9,736
May 2005	0	1,430	45.22	6.65	$9,511
Apr 2005	0	1,396	49.20	7.36	$10,275
Mar 2005	0	1,458	50.37	7.15	$10,432
Feb 2005	0	1,187	45.22	6.31	$7,492
Jan 2005	0	1,278	43.16	6.32	$8,080
Dec 2004	0	1,366	39.86	6.75	$9,222
Nov 2004	0	1,211	45.28	6.33	$7,666
Oct 2004	0	1,294	49.70	6.52	$8,431
Sep 2004	0	1,196	43.24	5.28	$6,320
Aug 2004	0	1,311	42.37	5.55	$7,277
Jul 2004	0	1,362	38.28	6.08	$8,287
Jun 2004	0	1,293	36.10	6.43	$8,318
May 2004	0	1,344	37.48	6.49	$8,729
Apr 2004	0	1,373	34.47	5.86	$8,044
Mar 2004	0	1,433	34.36	5.53	$7,925
Feb 2004	0	1,278	32.45	5.51	$7,041
Jan 2004	0	1,347	32.03	6.30	$8,486
Dec 2003	0	1,391	30.26	6.30	$8,766
Nov 2003	0	1,416	28.80	4.60	$6,507
Oct 2003	0	1,464	28.17	4.76	$6,968
Sep 2003	0	1,443	26.31	4.75	$6,853
Aug 2003	0	1,474	29.76	5.13	$7,561
Jul 2003	0	1,493	29.41	5.17	$7,720
Jun 2003	0	1,526	28.56	5.98	$9,130
May 2003	0	1,537	26.59	5.97	$9,180
Apr 2003	0	1,469	26.67	5.41	$7,943
Mar 2003	0	1,556	31.14	6.10	$9,485
Feb 2003	0	1,389	33.48	7.93	$11,009
Jan 2003	0	1,552	30.31	5.58	$8,663
Dec 2002	0	1,561	26.91	4.85	$7,577
Nov 2002	0	1,650	24.66	4.14	$6,826
Oct 2002	0	1,634	26.46	4.23	$6,910
Sep 2002	0	1,549	27.44	3.64	$5,631
Aug 2002	0	1,605	25.96	3.16	$5,078
Jul 2002	0	1,618	24.58	3.06	$4,954
Jun 2002	0	1,643	23.73	3.34	$5,485
May 2002	0	1,741	24.66	3.58	$6,240
Apr 2002	0	1,647	23.65	3.51	$5,785
Mar 2002	0	1,745	22.00	3.10	$5,414
Feb 2002	0	1,600	18.22	2.38	$3,801
Jan 2002	0	1,736	17.17	2.38	$4,124
Dec 2001	0	1,784	16.93	2.36	$4,218
Nov 2001	0	1,624	18.07	2.41	$3,907
Oct 2001	0	1,765	19.78	2.53	$4,463
Sep 2001	0	1,689	24.26	2.25	$3,802
Aug 2001	0	1,700	24.87	3.05	$5,190
Jul 2001	0	1,709	23.93	3.20	$5,464
Jun 2001	0	1,709	24.56	3.82	$6,535
May 2001	0	1,810	25.52	4.31	$7,796
Apr 2001	0	1,791	24.68	5.34	$9,556
Mar 2001	0	1,883	24.54	5.38	$10,124
Feb 2001	0	1,672	27.75	5.77	$9,643
Jan 2001	0	1,886	27.47	8.40	$15,840
Dec 2000	0	1,734	26.88	9.12	$15,818
Nov 2000	0	1,621	32.21	5.66	$9,172
Oct 2000	0	1,639	31.23	5.15	$8,433
Sep 2000	0	1,550	31.87	5.19	$8,039
Aug 2000	0	1,567	29.64	4.54	$7,115
Jul 2000	0	1,582	28.53	4.09	$6,470
Jun 2000	0	1,689	29.30	4.40	$7,427
May 2000	0	1,858	27.26	3.68	$6,837
Apr 2000	0	1,839	24.51	3.12	$5,730
Mar 2000	0	2,000	28.42	2.86	$5,720
Feb 2000	0	1,857	27.62	2.73	$5,063
Jan 2000	0	2,033	25.27	2.48	$5,043
Dec 1999	0	2,013	24.28	2.42	$4,879
Nov 1999	0	1,932	23.19	2.43	$4,702
Oct 1999	0	2,059	20.98	2.80	$5,773
Sep 1999	0	1,998	21.75	2.62	$5,232
Aug 1999	0	1,975	19.26	2.88	$5,679
Jul 1999	0	2,002	17.89	2.37	$4,749
Jun 1999	0	1,964	15.94	2.36	$4,639
May 1999	0	2,124	15.79	2.32	$4,930
Apr 1999	0	2,025	15.10	2.21	$4,471
Mar 1999	0	2,158	12.47	1.84	$3,967
Feb 1999	0	1,942	9.98	1.82	$3,530
Jan 1999	0	2,135	10.38	1.90	$4,056
Dec 1998	0	2,104	9.20	1.77	$3,731
Nov 1998	0	2,486	10.89	2.19	$5,434
Oct 1998	0	2,190	12.42	1.97	$4,313
Sep 1998	0	2,055	12.59	2.08	$4,280
Aug 1998	0	2,226	11.30	1.91	$4,246
Jul 1998	0	2,158	11.74	2.24	$4,828
Jun 1998	0	2,128	11.24	2.24	$4,761
May 1998	0	2,194	12.62	2.21	$4,841
Apr 1998	0	2,150	13.04	2.51	$5,386
Mar 1998	19	2,276	12.80	2.31	$5,499
Feb 1998	0	2,083	13.95	2.30	$4,789
Jan 1998	0	2,404	14.70	2.15	$5,180
Dec 1997	0	2,481	16.32	2.41	$5,982
Nov 1997	0	2,386	18.19	3.09	$7,369
Oct 1997	0	2,311	19.25	3.15	$7,279
Sep 1997	0	2,200	17.74	2.95	$6,501
Aug 1997	0	2,378	17.86	2.55	$6,075
Jul 1997	0	2,571	17.58	2.25	$5,777
Jun 1997	0	2,559	17.24	2.26	$5,776
May 1997	0	2,557	18.97	2.31	$5,903
Apr 1997	0	2,457	17.88	2.08	$5,117
Mar 1997	0	2,657	18.95	1.94	$5,152
Feb 1997	0	2,278	20.49	2.21	$5,025
Jan 1997	0	2,703	23.48	3.54	$9,568
Dec 1996	0	2,726	23.32	—	$0
Nov 1996	0	2,629	21.97	—	$0
Oct 1996	0	2,749	23.31	—	$0
Sep 1996	0	2,720	22.22	—	$0
Aug 1996	0	2,902	20.26	—	$0
Jul 1996	0	3,020	19.55	—	$0
Jun 1996	0	3,013	18.73	—	$0
May 1996	0	3,270	19.43	—	$0
Apr 1996	0	3,270	21.51	—	$0
Mar 1996	0	2,961	19.38	—	$0
Feb 1996	0	2,734	16.98	—	$0
Jan 1996	0	2,737	17.07	—	$0
Dec 1995	0	2,417	17.19	—	$0
Nov 1995	0	2,765	16.00	—	$0
Oct 1995	0	3,055	15.43	—	$0
Sep 1995	0	2,789	16.18	—	$0
Aug 1995	0	2,985	15.92	—	$0
Jul 1995	0	2,963	15.24	—	$0
Jun 1995	0	2,942	16.41	—	$0
May 1995	0	3,082	17.56	—	$0
Apr 1995	0	3,066	17.73	—	$0
Mar 1995	0	2,828	16.44	—	$0
Feb 1995	0	2,694	16.58	—	$0
Jan 1995	0	3,317	15.92	—	$0
Dec 1994	0	3,353	15.03	—	$0
Nov 1994	0	3,392	15.90	—	$0
Oct 1994	0	3,600	15.58	—	$0
Sep 1994	0	3,428	15.29	—	$0
Aug 1994	0	3,239	16.13	—	$0
Jul 1994	0	3,530	17.56	—	$0
Jun 1994	0	9,741	17.09	—	$0
May 1994	0	3,550	15.88	—	$0
Apr 1994	0	3,462	14.14	—	$0
Mar 1994	0	3,633	12.46	—	$0
Feb 1994	0	2,848	12.50	—	$0
Jan 1994	0	3,629	12.66	—	$0
Dec 1993	0	3,768	12.33	—	$0
Nov 1993	0	3,418	14.49	—	$0
Oct 1993	0	3,762	15.85	—	$0
Sep 1993	0	3,909	15.03	—	$0
Aug 1993	0	3,319	15.66	—	$0
Jul 1993	0	3,713	15.46	—	$0
Jun 1993	0	3,692	16.79	—	$0
May 1993	0	3,861	17.68	—	$0
Apr 1993	0	3,980	18.05	—	$0
Mar 1993	0	3,567	18.14	—	$0
Feb 1993	0	3,701	17.90	—	$0
Jan 1993	0	3,674	16.93	—	$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.

Jun 2016 — as filed, then multipliedworked

Condensate             0 bbl  × $ 45.35 =         $0
Gas                  266 Mcf  × $  2.69 =       $714

────────────────────────────────────────────────────
Month total                                     $714

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. 10/G/21989 is the state's own key, not one this site invented.