KENNEDY, M.

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

Operated by ARCO PERMIAN (P-5 29347) in the EAST TEXAS field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 6229District 6EField 27302001OilCasinghead gasSave Export

Value, all time

$2.0 M

Jan 1993 – Nov 1998

Value, last 12 filed months

$103 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The EAST TEXAS 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 2,264 leases and 17,267 wells, and the rule below applies to all of them.

Discovered

1930-12-31

as the register files it

Field class

Oil

the register's own label

Between wells

330 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 5 acres. The field rule took effect on 2015-01-27.

The Commission's schedule remark for this field reads: “THIS ORDER TO BE CANCELLED”

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	118,391 bbl	$2,008,392
Casinghead gas	Production	39,186 Mcf	$14,297
Total			$2,022,689

33,339 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.

Every month this lease reported (71)

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

71 months


Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	836	165	11.74	2.24	$10,184
Jun 1998	650	138	11.24	2.24	$7,615
May 1998	819	172	12.62	2.21	$10,715
Apr 1998	648	198	13.04	2.51	$8,946
Mar 1998	900	185	12.80	2.31	$11,947
Feb 1998	1,074	202	13.95	2.30	$15,447
Jan 1998	1,344	255	14.70	2.15	$20,306
Dec 1997	1,099	165	16.32	2.41	$18,334
Nov 1997	1,374	126	18.19	3.09	$25,382
Oct 1997	1,291	349	19.25	3.15	$25,951
Sep 1997	1,367	332	17.74	2.95	$25,232
Aug 1997	1,366	382	17.86	2.55	$25,373
Jul 1997	1,137	479	17.58	2.25	$21,065
Jun 1997	1,215	477	17.24	2.26	$22,023
May 1997	1,761	539	18.97	2.31	$34,650
Apr 1997	935	364	17.88	2.08	$17,476
Mar 1997	2,194	466	18.95	1.94	$42,480
Feb 1997	1,601	464	20.49	2.21	$33,828
Jan 1997	2,018	389	23.48	3.54	$48,760
Dec 1996	2,035	483	23.32	—	$47,456
Nov 1996	2,078	427	21.97	—	$45,654
Oct 1996	1,952	488	23.31	—	$45,501
Sep 1996	1,565	524	22.22	—	$34,774
Aug 1996	2,011	598	20.26	—	$40,743
Jul 1996	1,738	698	19.55	—	$33,978
Jun 1996	2,506	842	18.73	—	$46,937
May 1996	2,091	847	19.43	—	$40,628
Apr 1996	1,889	868	21.51	—	$40,632
Mar 1996	1,525	830	19.38	—	$29,555
Feb 1996	542	689	16.98	—	$9,203
Jan 1996	931	774	17.07	—	$15,892
Dec 1995	1,037	968	17.19	—	$17,826
Nov 1995	1,504	703	16.00	—	$24,064
Oct 1995	1,404	699	15.43	—	$21,664
Sep 1995	1,811	609	16.18	—	$29,302
Aug 1995	1,865	853	15.92	—	$29,691
Jul 1995	2,426	813	15.24	—	$36,972
Jun 1995	2,121	769	16.41	—	$34,806
May 1995	2,545	632	17.56	—	$44,690
Apr 1995	2,175	465	17.73	—	$38,563
Mar 1995	2,498	550	16.44	—	$41,067
Feb 1995	2,357	370	16.58	—	$39,079
Jan 1995	2,150	65	15.92	—	$34,228
Dec 1994	2,447	618	15.03	—	$36,778
Nov 1994	2,064	758	15.90	—	$32,818
Oct 1994	2,062	792	15.58	—	$32,126
Sep 1994	2,318	756	15.29	—	$35,442
Aug 1994	2,234	916	16.13	—	$36,034
Jul 1994	2,193	1,017	17.56	—	$38,509
Jun 1994	2,392	971	17.09	—	$40,879
May 1994	2,538	779	15.88	—	$40,303
Apr 1994	2,291	921	14.14	—	$32,395
Mar 1994	2,157	914	12.46	—	$26,876
Feb 1994	1,861	580	12.50	—	$23,263
Jan 1994	2,090	186	12.66	—	$26,459
Dec 1993	2,474	597	12.33	—	$30,504
Nov 1993	2,771	533	14.49	—	$40,152
Oct 1993	2,644	511	15.85	—	$41,907
Sep 1993	2,206	705	15.03	—	$33,156
Aug 1993	1,793	1,012	15.66	—	$28,078
Jul 1993	1,590	194	15.46	—	$24,581
Jun 1993	1,708	829	16.79	—	$28,677
May 1993	1,325	862	17.68	—	$23,426
Apr 1993	1,558	743	18.05	—	$28,122
Mar 1993	2,035	899	18.14	—	$36,915
Feb 1993	1,609	792	17.90	—	$28,801
Jan 1993	1,646	890	16.93	—	$27,867

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.

Jul 1998 — as filed, then multipliedworked

Oil                  836 bbl  × $ 11.74 =     $9,815
Casinghead gas       165 Mcf  × $  2.24 =       $369

────────────────────────────────────────────────────
Month total                                  $10,184

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. 6E/O/6229 is the state's own key, not one this site invented.