SMITH, A.

Operated by QUANTUM RESOURCES MANAGEMENT,LLC (P-5 684554) 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 6527District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$900 k
Jan 1993 – Aug 2013
Value, last 12 filed months
$0
at the published price for each month
Months reported
248
no gaps in the span
Streams
2
oil, casinghead 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 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.

StreamBasisVolumeValue
OilDisposition48,723 bbl$866,789
Casinghead gasProduction21,794 Mcf$33,499
Total$900,288

12,535 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 (248)

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

248 months

Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
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
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20061696764.397.36$11,375
Mar 200601956.707.08$135
Feb 200603557.597.75$271
Jan 200605160.598.93$456
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 2004842642.375.55$3,703
Jul 200408238.286.08$499
Jun 2004180936.106.43$6,556
May 200408737.486.49$565
Apr 200404634.475.86$269
Mar 200405834.365.53$321
Feb 200416550032.455.51$8,109
Jan 200401432.036.30$88
Dec 20030030.266.30$0
Nov 200303528.804.60$161
Oct 20030028.174.76$0
Sep 2003964226.314.75$2,725
Aug 200306429.765.13$328
Jul 20031575429.415.17$4,897
Jun 200306328.565.98$377
May 20031745726.595.97$4,967
Apr 200307126.675.41$384
Mar 200306731.146.10$408
Feb 2003932033.487.93$3,272
Jan 2003079930.315.58$4,460
Dec 200201926.914.85$92
Nov 20021643424.664.14$4,185
Oct 200203726.464.23$156
Sep 20021672027.443.64$4,655
Aug 200201725.963.16$54
Jul 20021694624.583.06$4,295
Jun 2002012223.733.34$407
May 20021666524.663.58$4,327
Apr 200208823.653.51$309
Mar 200205822.003.10$180
Feb 200217476418.222.38$4,985
Jan 20020017.172.38$0
Dec 2001172016.932.36$2,912
Nov 20011802518.072.41$3,313
Oct 200102819.782.53$71
Sep 20011748524.262.25$4,413
Aug 200109624.873.05$293
Jul 200116810723.933.20$4,362
Jun 200107524.563.82$287
May 20011758125.524.31$4,815
Apr 200108724.685.34$464
Mar 20011777824.545.38$4,763
Feb 200107527.755.77$433
Jan 20011748327.478.40$5,477
Dec 200005526.889.12$502
Nov 2000012032.215.66$679
Oct 200018112531.235.15$6,296
Sep 200007831.875.19$405
Aug 20001698029.644.54$5,372
Jul 20000028.534.09$0
Jun 2000179029.304.40$5,245
May 20000027.263.68$0
Apr 2000175824.513.12$4,314
Mar 20000028.422.86$0
Feb 2000181127.622.73$5,002
Jan 2000138525.272.48$3,500
Dec 19990424.282.42$10
Nov 1999179323.192.43$4,158
Oct 1999177220.982.80$3,719
Sep 199904321.752.62$113
Aug 19991764119.262.88$3,508
Jul 19991804517.892.37$3,327
Jun 19991679215.942.36$2,879
May 199918110715.792.32$3,106
Apr 19991708415.102.21$2,752
Mar 19991797712.471.84$2,374
Feb 19990729.981.82$131
Jan 19993514910.381.90$3,736
Dec 1998171629.201.77$1,683
Nov 199817710110.892.19$2,148
Oct 19981589912.421.97$2,157
Sep 199817410012.592.08$2,399
Aug 199817812211.301.91$2,244
Jul 199817711511.742.24$2,335
Jun 199817112711.242.24$2,206
May 199834813612.622.21$4,692
Apr 199818114113.042.51$2,713
Mar 199834913812.802.31$4,786
Feb 199816512413.952.30$2,587
Jan 199836613714.702.15$5,675
Dec 199734015416.322.41$5,920
Nov 199734515118.193.09$6,742
Oct 199735019019.253.15$7,336
Sep 199734921517.742.95$6,827
Aug 199734320917.862.55$6,660
Jul 199749923417.582.25$9,298
Jun 199751322617.242.26$9,354
May 199750622418.972.31$10,116
Apr 199734721717.882.08$6,656
Mar 199770923118.951.94$13,883
Feb 199733919220.492.21$7,370
Jan 199752216723.483.54$12,848
Dec 199636120923.32$8,419
Nov 199670824321.97$15,555
Oct 199651426023.31$11,981
Sep 199671627122.22$15,910
Aug 199669831020.26$14,141
Jul 199670730519.55$13,822
Jun 199670732518.73$13,242
May 199670930719.43$13,776
Apr 199670930021.51$15,251
Mar 199653322119.38$10,330
Feb 199671926216.98$12,209
Jan 199682431417.07$14,066
Dec 19951,04517717.19$17,964
Nov 199571624516.00$11,456
Oct 199585324815.43$13,162
Sep 199571223716.18$11,520
Aug 19951,06431915.92$16,939
Jul 19951,06128915.24$16,170
Jun 199570142116.41$11,503
May 19951,41348617.56$24,812
Apr 199587631917.73$15,531
Mar 199589740016.44$14,747
Feb 199588538716.58$14,673
Jan 199571339215.92$11,351
Dec 19941,04439015.03$15,691
Nov 199472334315.90$11,496
Oct 199489727715.58$13,975
Sep 199448511815.29$7,416
Aug 199469124816.13$11,146
Jul 199489725617.56$15,751
Jun 199453615917.09$9,160
May 199453422615.88$8,480
Apr 199472320314.14$10,223
Mar 199454520912.46$6,791
Feb 199454317712.50$6,788
Jan 199472520812.66$9,179
Dec 199354719912.33$6,745
Nov 199372120314.49$10,447
Oct 199354118115.85$8,575
Sep 199389422015.03$13,437
Aug 199372825915.66$11,400
Jul 199354222115.46$8,379
Jun 199371818516.79$12,055
May 199354620117.68$9,653
Apr 199336210418.05$6,534
Mar 199390626618.14$16,435
Feb 199374723917.90$13,371
Jan 199354919616.93$9,295

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.

Apr 2006 — as filed, then multipliedworked
Oil                  169 bbl  × $ 64.39 =    $10,882
Casinghead gas        67 Mcf  × $  7.36 =       $493

────────────────────────────────────────────────────
Month total                                  $11,375

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/6527 is the state's own key, not one this site invented.