SNODDY, THAD "F"

Operated by AMOCO PRODUCTION COMPANY (P-5 20425) 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 7088District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$874 k
Jan 1993 – Aug 2000
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
92
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
OilDisposition50,013 bbl$859,284
Casinghead gasProduction21,295 Mcf$14,493
Total$873,777

15,292 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 (92)

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

92 months

Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 2000129029.304.40$3,780
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 199915816412.471.84$2,272
Feb 199902029.981.82$367
Jan 199916219010.381.90$2,043
Dec 1998140749.201.77$1,419
Nov 19981682910.892.19$1,893
Oct 199806412.421.97$126
Sep 19981418612.592.08$1,954
Aug 199814511311.301.91$1,854
Jul 199816711211.742.24$2,211
Jun 199830113811.242.24$3,692
May 199815512512.622.21$2,232
Apr 199815030513.042.51$2,720
Mar 199849230512.802.31$7,002
Feb 19984333313.952.30$6,116
Jan 199876522814.702.15$11,737
Dec 199770932116.322.41$12,345
Nov 199784336618.193.09$16,464
Oct 199788534219.253.15$18,113
Sep 199778633517.742.95$14,934
Aug 199791328817.862.55$17,042
Jul 199785335717.582.25$15,798
Jun 199785933317.242.26$15,561
May 199794733018.972.31$18,726
Apr 199768327317.882.08$12,781
Mar 199785530518.951.94$16,794
Feb 199781728220.492.21$17,362
Jan 19971,03230323.483.54$25,304
Dec 199668826823.32$16,044
Nov 199669024821.97$15,159
Oct 19961,02929023.31$23,986
Sep 199684626322.22$18,798
Aug 199683629720.26$16,937
Jul 199667928819.55$13,274
Jun 199668023918.73$12,736
May 199651220819.43$9,948
Apr 199668322621.51$14,691
Mar 199669030019.38$13,372
Feb 199669033416.98$11,716
Jan 19961,03627417.07$17,685
Dec 199569628717.19$11,964
Nov 19951,04427616.00$16,704
Oct 199568927215.43$10,631
Sep 19951,02332016.18$16,552
Aug 199568535815.92$10,905
Jul 19951,02531015.24$15,621
Jun 199568739116.41$11,274
May 19951,03346617.56$18,139
Apr 199569241717.73$12,269
Mar 19951,01341216.44$16,654
Feb 199568445116.58$11,341
Jan 199568541115.92$10,905
Dec 199468153315.03$10,235
Nov 199484137215.90$13,372
Oct 19941,01440415.58$15,798
Sep 19941,02838015.29$15,718
Aug 199467936716.13$10,952
Jul 19941,02639917.56$18,017
Jun 199468038217.09$11,621
May 199467833615.88$10,767
Apr 199470421714.14$9,955
Mar 199468035212.46$8,473
Feb 199433313312.50$4,163
Jan 199434731112.66$4,393
Dec 199362222112.33$7,669
Nov 1993012514.49$0
Oct 19931,03538115.85$16,405
Sep 19931,03730415.03$15,586
Aug 199368738615.66$10,758
Jul 19931,02437615.46$15,831
Jun 199364336416.79$10,796
May 19931,03535217.68$18,299
Apr 199369032518.05$12,455
Mar 199362423118.14$11,319
Feb 199357528817.90$10,293
Jan 199364714716.93$10,954

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 2000 — as filed, then multipliedworked
Oil                  129 bbl  × $ 29.30 =     $3,780
Casinghead gas         0 Mcf  × $  4.40 =         $0

────────────────────────────────────────────────────
Month total                                   $3,780

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/7088 is the state's own key, not one this site invented.