WOOD, BOB

Operated by POWELL, GENE INVESTMENTS, INC. (P-5 674342) 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 6770District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$967 k
Jan 1993 – Dec 2007
Value, last 12 filed months
$0
at the published price for each month
Months reported
180
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
OilDisposition55,510 bbl$948,423
Casinghead gasProduction19,019 Mcf$18,729
Total$967,152

10,965 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 (180)

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

180 months

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 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
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 2005193055.697.84$10,748
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 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000428.534.09$16
Jun 200081529.304.40$2,395
May 20000027.263.68$0
Apr 2000123024.513.12$3,015
Mar 200054114428.422.86$15,787
Feb 200057017227.622.73$16,212
Jan 200063021025.272.48$16,441
Dec 199961517324.282.42$15,352
Nov 199959922523.192.43$14,438
Oct 199962319220.982.80$13,609
Sep 199963127221.752.62$14,437
Aug 199964120219.262.88$12,927
Jul 199962921917.892.37$11,772
Jun 199959924215.942.36$10,120
May 199961020715.792.32$10,112
Apr 199968320515.102.21$10,766
Mar 199972326012.471.84$9,494
Feb 19996452159.981.82$6,828
Jan 199990319210.381.90$9,738
Dec 19986531979.201.77$6,357
Nov 199865724710.892.19$7,695
Oct 199867522912.421.97$8,834
Sep 199868021612.592.08$9,011
Aug 199871325011.301.91$8,534
Jul 199871323411.742.24$8,894
Jun 199866923211.242.24$8,039
May 199872617812.622.21$9,555
Apr 199869719113.042.51$9,567
Mar 199869822612.802.31$9,456
Feb 199863111913.952.30$9,076
Jan 199872017514.702.15$10,961
Dec 199772720316.322.41$12,354
Nov 199767515418.193.09$12,754
Oct 199769816219.253.15$13,947
Sep 199768124217.742.95$12,796
Aug 199777722417.862.55$14,449
Jul 199771921917.582.25$13,132
Jun 199764818417.242.26$11,587
May 199779929118.972.31$15,829
Apr 199766028117.882.08$12,386
Mar 199760824318.951.94$11,993
Feb 199780521820.492.21$16,975
Jan 1997797023.483.54$18,714
Dec 199677719723.32$18,120
Nov 199663726721.97$13,995
Oct 199667823323.31$15,804
Sep 199666823122.22$14,843
Aug 199656920720.26$11,528
Jul 199651322619.55$10,029
Jun 199665622618.73$12,287
May 199649421619.43$9,598
Apr 199669522321.51$14,949
Mar 199666123319.38$12,810
Feb 19966167816.98$10,460
Jan 199673914717.07$12,615
Dec 199557319217.19$9,850
Nov 199558319616.00$9,328
Oct 199561118515.43$9,428
Sep 199551417816.18$8,317
Aug 199556522215.92$8,995
Jul 199552219815.24$7,955
Jun 199568828516.41$11,290
May 199566816517.56$11,730
Apr 199563532117.73$11,259
Mar 199551645216.44$8,483
Feb 199551329016.58$8,506
Jan 199549115815.92$7,817
Dec 199448820615.03$7,335
Nov 199446824315.90$7,441
Oct 199460214815.58$9,379
Sep 199456522115.29$8,639
Aug 199464121316.13$10,339
Jul 199470223517.56$12,327
Jun 199451623517.09$8,818
May 199462625815.88$9,941
Apr 199450431314.14$7,127
Mar 199464231312.46$7,999
Feb 199443912312.50$5,488
Jan 199465221112.66$8,254
Dec 199353520912.33$6,597
Nov 199371526214.49$10,360
Oct 199351122515.85$8,099
Sep 199351819415.03$7,786
Aug 199369527515.66$10,884
Jul 199367939415.46$10,497
Jun 199351421816.79$8,630
May 199349022217.68$8,663
Apr 199369825118.05$12,599
Mar 199367724618.14$12,281
Feb 199350916917.90$9,111
Jan 199367725516.93$11,462

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 2005 — as filed, then multipliedworked
Oil                  193 bbl  × $ 55.69 =    $10,748
Casinghead gas         0 Mcf  × $  7.84 =         $0

────────────────────────────────────────────────────
Month total                                  $10,748

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/6770 is the state's own key, not one this site invented.