MCFARLAND, J. M.

Operated by LONG TRUSTS, THE (P-5 507585) 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 6978District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$2.8 M
Jan 1993 – May 2026
Value, last 12 filed months
$87 k
at the published price for each month
Months reported
401
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
OilDisposition52,526 bbl$2,714,577
Casinghead gasProduction31,099 Mcf$109,429
Total$2,824,006

3,382 Mcf of this lease's gas, across 44 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 (401)

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

401 months

May 202600106.413.05$0
Apr 202665098.932.87$6,430
Mar 202611436989.753.15$11,394
Feb 20266219863.503.75$4,680
Jan 202607559.138.00$600
Dec 202559056.664.41$3,343
Nov 20255722758.593.93$4,231
Oct 20256711459.383.30$4,355
Sep 202519134962.743.08$13,057
Aug 202513045063.933.01$9,668
Jul 2025228066.743.32$15,217
Jun 202518542766.483.13$13,635
May 202512046760.553.23$8,775
Apr 2025203062.363.54$12,659
Mar 2025184067.704.27$12,457
Feb 2025130070.884.34$9,214
Jan 2025121074.324.28$8,993
Dec 2024185068.993.12$12,763
Nov 2024184069.052.20$12,705
Oct 2024240071.372.28$17,129
Sep 2024183069.612.36$12,739
Aug 2024128075.632.06$9,681
Jul 2024191079.932.15$15,267
Jun 2024180078.082.63$14,054
May 2024164078.812.20$12,925
Apr 2024224084.451.66$18,917
Mar 2024115080.301.55$9,235
Feb 2024115076.091.78$8,750
Jan 2024224073.023.30$16,356
Dec 2023171071.262.61$12,185
Nov 2023166077.892.81$12,930
Oct 2023108085.443.09$9,228
Sep 2023114089.042.74$10,151
Aug 2023119080.522.67$9,582
Jul 2023119074.852.64$8,907
Jun 202339068.962.26$2,689
May 2023155070.622.23$10,946
Apr 20231668278.122.24$13,151
Mar 20231548572.852.39$11,422
Feb 20231189675.112.47$9,100
Jan 20231208776.533.39$9,478
Dec 20221089576.415.73$8,797
Nov 20221559185.005.65$13,689
Oct 202211610687.185.86$10,734
Sep 202211910884.888.16$10,982
Aug 2022257194.529.13$3,011
Jul 20227476101.587.54$8,090
Jun 20220119115.097.98$949
May 2022122109109.378.43$14,262
Apr 202250107104.226.84$5,943
Mar 202297110108.885.08$11,120
Feb 2022769391.054.86$7,372
Jan 20227611081.844.54$6,719
Dec 20219911771.323.90$7,517
Nov 2021689877.435.24$5,778
Oct 20217311079.795.71$6,453
Sep 2021668569.865.35$5,066
Aug 20217410666.024.22$5,333
Jul 20217512070.783.98$5,786
Jun 2021499669.493.38$3,730
May 20217010463.483.02$4,757
Apr 20216810960.362.76$4,405
Mar 2021689961.302.72$4,437
Feb 2021328157.805.55$2,299
Jan 20216910250.412.81$3,765
Dec 20208510344.642.68$4,070
Nov 20206810338.772.71$2,915
Oct 20206812236.972.48$2,816
Sep 20206812237.091.99$2,765
Aug 20206612939.982.39$2,946
Jul 202086038.371.83$3,300
Jun 20205112334.901.69$1,988
May 20208515116.921.81$1,712
Apr 20206914214.751.80$1,274
Mar 20208613930.341.86$2,867
Feb 202010012849.881.98$5,242
Jan 20208412457.252.09$5,069
Dec 20198513759.012.30$5,332
Nov 20198612955.302.75$5,111
Oct 20198612753.472.42$4,906
Sep 20198310855.052.66$4,856
Aug 2019849953.112.30$4,689
Jul 201911612956.272.46$6,845
Jun 201989312852.782.49$47,451
May 201910313458.482.74$6,391
Apr 201915518362.632.75$10,211
Mar 201915618456.803.06$9,424
Feb 20191346350.852.79$6,990
Jan 201911912046.033.23$5,865
Dec 2018857546.594.19$4,274
Nov 2018869452.934.24$4,950
Oct 201810214161.443.40$6,746
Sep 20185212459.543.11$3,481
Aug 201810014659.403.07$6,388
Jul 201811918365.142.93$8,288
Jun 2018020360.183.08$625
May 201811919965.382.90$8,357
Apr 20188413363.842.90$5,748
Mar 20187212061.222.79$4,742
Feb 2018518161.782.77$3,375
Jan 20186812262.874.01$4,764
Dec 2017719357.272.92$4,338
Nov 201720914255.423.12$12,026
Oct 20176813049.292.98$3,740
Sep 201714112847.523.09$7,095
Aug 201713114345.373.00$6,373
Jul 201713813443.873.09$6,468
Jun 20176610242.493.09$3,119
May 201710610945.373.26$5,165
Apr 2017999447.933.21$5,047
Mar 2017709546.772.98$3,557
Feb 201714011050.452.95$7,388
Jan 20179710549.413.42$5,152
Dec 20161046948.763.72$5,328
Nov 2016659042.492.64$3,000
Oct 201614110846.193.09$6,847
Sep 2016738241.553.10$3,287
Aug 2016336641.442.92$1,561
Jul 2016357641.622.92$1,679
Jun 2016898545.352.69$4,264
May 201613914542.521.99$6,199
Apr 201610211836.561.99$3,964
Mar 201616814433.011.79$5,804
Feb 201614112826.472.06$3,996
Jan 201613713827.352.36$4,073
Dec 201516714132.362.00$5,686
Nov 201513812738.792.17$5,628
Oct 201510812843.552.43$5,014
Sep 2015353042.992.76$1,587
Aug 20159610640.162.87$4,160
Jul 2015656748.152.95$3,327
Jun 2015647956.152.88$3,821
May 201513514055.212.96$7,867
Apr 20151098649.822.71$5,663
Mar 201510110142.892.93$4,628
Feb 201514012244.662.98$6,616
Jan 201517413443.433.10$7,972
Dec 201414214754.693.59$8,294
Nov 201417113770.464.25$12,631
Oct 201413815078.303.90$11,391
Sep 201413813686.164.05$12,440
Aug 201417415389.394.04$16,171
Jul 201413213596.564.18$13,310
Jun 201413013898.164.74$13,414
May 201416215294.734.73$16,065
Apr 201417015195.944.81$17,036
Mar 201413712995.895.06$13,789
Feb 201417313197.406.19$17,661
Jan 201413511090.404.86$12,739
Dec 201319514991.824.35$18,554
Nov 201316913888.853.74$15,532
Oct 201317016797.423.78$17,193
Sep 2013170160104.113.72$18,294
Aug 2013164147104.253.52$17,615
Jul 2013201137102.523.72$21,116
Jun 201317014094.403.93$16,599
May 201317614694.834.15$17,296
Apr 201313612093.964.28$13,292
Mar 201317513393.623.91$16,904
Feb 20131743591.233.42$15,994
Jan 2013312191.603.42$2,911
Dec 20121034086.773.42$9,074
Nov 2012704386.953.62$6,242
Oct 20121078389.383.40$9,846
Sep 20121048294.672.92$10,085
Aug 20121056492.662.91$9,915
Jul 20121049285.133.02$9,131
Jun 20121225379.822.52$9,872
May 20121226691.612.49$11,341
Apr 201212285101.652.00$12,571
Mar 201216878105.052.22$17,822
Feb 201220478101.102.57$20,825
Jan 20122008498.092.73$19,848
Dec 20111083996.873.24$10,588
Nov 20111033995.723.31$9,988
Oct 20111003684.983.65$8,629
Sep 2011513583.623.99$4,404
Aug 2011492783.404.15$4,199
Jul 20111025294.144.52$9,837
Jun 20111506992.904.64$14,255
May 20112068798.134.40$20,598
Apr 201110777105.964.33$11,671
Mar 20112068696.364.06$20,199
Feb 20111013585.644.18$8,796
Jan 20111033486.504.59$9,066
Dec 20102147285.734.35$18,659
Nov 20101585880.843.80$12,993
Oct 20101586478.103.51$12,564
Sep 20101527072.633.98$11,318
Aug 20101608573.684.42$12,164
Jul 20101556772.554.74$11,563
Jun 20101535570.364.91$11,035
May 20102129071.124.24$15,459
Apr 201051081.694.12$4,166
Mar 20102149178.394.39$17,175
Feb 20101584173.585.44$11,849
Jan 20102098074.365.96$16,018
Dec 20091636471.445.48$11,996
Nov 20091573874.593.75$11,853
Oct 20091615672.544.11$11,909
Sep 20092078965.543.06$13,840
Aug 200921010167.423.22$14,483
Jul 200926310961.133.46$16,455
Jun 20091055466.163.90$7,157
May 20092137954.743.93$11,970
Apr 20092098746.773.59$10,087
Mar 20093199842.144.06$13,840
Feb 20091034532.814.63$3,588
Jan 20092106035.865.37$7,853
Dec 20082117637.105.98$8,282
Nov 20082128255.496.86$12,326
Oct 20082638475.246.92$20,370
Sep 200820370101.767.88$21,209
Aug 200815260114.228.48$17,870
Jul 200815350131.0811.39$20,625
Jun 200815355131.3313.03$20,810
May 200816062123.1711.57$20,425
Apr 200820856110.3110.45$23,530
Mar 200810422101.909.66$10,810
Feb 2008572592.538.77$5,493
Jan 20081023290.388.21$9,481
Dec 20071042388.337.30$9,354
Nov 20071063991.677.29$10,001
Oct 2007353082.856.92$29,246
Sep 20071585675.846.24$12,332
Aug 20071493769.066.39$10,526
Jul 200731070.906.39$2,198
Jun 200730762.007.55$1,913
May 2007302158.747.85$1,927
Apr 2007603459.617.81$3,842
Mar 2007603556.927.30$3,671
Feb 2007593555.108.22$3,538
Jan 2007884550.306.73$4,729
Dec 2006854356.656.92$5,113
Nov 2006574954.207.62$3,463
Oct 2006884954.906.01$5,126
Sep 2006564860.085.04$3,606
Aug 20061166368.717.34$8,433
Jul 2006584969.376.34$4,334
Jun 2006624866.286.38$4,416
May 20061206866.016.42$8,358
Apr 2006915164.397.36$6,235
Mar 20061215956.707.08$7,279
Feb 2006935257.597.75$5,759
Jan 2006923760.598.93$5,905
Dec 2005874654.9413.42$5,397
Nov 2005935854.6910.59$5,700
Oct 2005905058.3413.80$5,940
Sep 20051196961.4512.08$8,146
Aug 20051216461.519.80$8,070
Jul 2005583755.697.84$3,520
Jun 20051154152.337.38$6,321
May 20051277845.226.65$6,262
Apr 20051237949.207.36$6,633
Mar 20051025350.377.15$5,517
Feb 2005311745.226.31$1,509
Jan 20050043.166.32$0
Dec 2004331939.866.75$1,444
Nov 20041023145.286.33$4,815
Oct 20041203949.706.52$6,218
Sep 20042284343.245.28$10,086
Aug 20042254442.375.55$9,777
Jul 20041514438.286.08$6,048
Jun 20042184036.106.43$8,127
May 20041474237.486.49$5,782
Apr 20042235134.475.86$7,986
Mar 20042957734.365.53$10,562
Feb 20042285632.455.51$7,707
Jan 20043016632.036.30$10,057
Dec 20031533730.266.30$4,863
Nov 20031465528.804.60$4,458
Oct 20031526228.174.76$4,577
Sep 20032266126.314.75$6,236
Aug 20032215929.765.13$6,880
Jul 20032956929.415.17$9,033
Jun 20032236928.565.98$6,782
May 20032996826.595.97$8,357
Apr 20032257026.675.41$6,379
Mar 20032896931.146.10$9,420
Feb 20032176433.487.93$7,772
Jan 20032777230.315.58$8,798
Dec 20023497326.914.85$9,746
Nov 20022036524.664.14$5,275
Oct 20022837426.464.23$7,801
Sep 20022094027.443.64$5,880
Aug 20022547325.963.16$6,825
Jul 20022567024.583.06$6,507
Jun 20021927323.733.34$4,800
May 20021297324.663.58$3,443
Apr 20021136423.653.51$2,897
Mar 20021047322.003.10$2,515
Feb 20021126618.222.38$2,197
Jan 20021377017.172.38$2,519
Dec 20011076216.932.36$1,958
Nov 20011325718.072.41$2,522
Oct 2001815619.782.53$1,744
Sep 20011318324.262.25$3,365
Aug 20011347624.873.05$3,565
Jul 2001554523.933.20$1,460
Jun 2001725424.563.82$1,975
May 20011607525.524.31$4,406
Apr 2001784624.685.34$2,170
Mar 2001854224.545.38$2,312
Feb 2001852827.755.77$2,520
Jan 2001815027.478.40$2,645
Dec 2000493426.889.12$1,627
Nov 20001226732.215.66$4,309
Oct 20001136331.235.15$3,853
Sep 20001137331.875.19$3,980
Aug 20001367529.644.54$4,372
Jul 20002977328.534.09$8,772
Jun 2000222029.304.40$6,505
May 20001746527.263.68$4,982
Apr 20001566024.513.12$4,011
Mar 2000193028.422.86$5,485
Feb 20001865927.622.73$5,298
Jan 20001536625.272.48$4,030
Dec 19991936624.282.42$4,846
Nov 19991525823.192.43$3,666
Oct 19991497120.982.80$3,325
Sep 19991407621.752.62$3,244
Aug 1999968919.262.88$2,105
Jul 19992337417.892.37$4,344
Jun 19990215.942.36$5
May 19992845815.792.32$4,619
Apr 19991623415.102.21$2,521
Mar 19992045812.471.84$2,651
Feb 19990239.981.82$42
Jan 199902410.381.90$46
Dec 19980249.201.77$43
Nov 19981732910.892.19$1,947
Oct 19982532712.421.97$3,195
Sep 19981793012.592.08$2,316
Aug 19981305011.301.91$1,564
Jul 19981244011.742.24$1,545
Jun 1998687211.242.24$925
May 1998656112.622.21$955
Apr 1998976613.042.51$1,430
Mar 1998735612.802.31$1,064
Feb 1998352413.952.30$543
Jan 1998504814.702.15$838
Dec 199797016.322.41$1,583
Nov 1997908318.193.09$1,893
Oct 1997867119.253.15$1,879
Sep 19971009117.742.95$2,043
Aug 19971709317.862.55$3,274
Jul 19971789017.582.25$3,331
Jun 1997927917.242.26$1,764
May 1997786518.972.31$1,630
Apr 1997815217.882.08$1,557
Mar 19971054118.951.94$2,069
Feb 19971384320.492.21$2,922
Jan 19971263523.483.54$3,082
Dec 19961505023.32$3,498
Nov 1996985621.97$2,153
Oct 19961807523.31$4,196
Sep 19962478422.22$5,488
Aug 19963739520.26$7,557
Jul 19962708019.55$5,279
Jun 19961047118.73$1,948
May 19961157519.43$2,234
Apr 1996906921.51$1,936
Mar 1996935519.38$1,802
Feb 1996605516.98$1,019
Jan 19961585817.07$2,697
Dec 19951737217.19$2,974
Nov 19952717516.00$4,336
Oct 199593215.43$1,435
Sep 19950016.18$0
Aug 1995755115.92$1,194
Jul 19951076215.24$1,631
Jun 19951685916.41$2,757
May 1995557117.56$966
Apr 19952025317.73$3,581
Mar 19950016.44$0
Feb 19958016.58$133
Jan 1995982515.92$1,560
Dec 1994309215.03$451
Nov 19940015.90$0
Oct 199411011415.58$1,714
Sep 1994999615.29$1,514
Aug 199413810016.13$2,226
Jul 19941199017.56$2,090
Jun 19941127717.09$1,914
May 1994685015.88$1,080
Apr 19941043514.14$1,471
Mar 1994357412.46$436
Feb 19941145712.50$1,425
Jan 1994843812.66$1,063
Dec 199315115112.33$1,862
Nov 19938225114.49$1,188
Oct 199311119615.85$1,759
Sep 19932628015.03$3,938
Aug 19932168715.66$3,383
Jul 19933067915.46$4,731
Jun 19932078616.79$3,476
May 19931389217.68$2,440
Apr 19931255718.05$2,256
Mar 19931598118.14$2,884
Feb 19931044217.90$1,862
Jan 19932626416.93$4,436

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 2026 — as filed, then multipliedworked
Oil                   65 bbl  × $ 98.93 =     $6,430
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                   $6,430

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/6978 is the state's own key, not one this site invented.