MAYFIELD-ALFORD

Operated by GRANITE OIL COMPANY (P-5 324900) 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 7144District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$114 k
Jan 1993 – Nov 2000
Value, last 12 filed months
$797
at the published price for each month
Months reported
95
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
OilDisposition6,731 bbl$114,186
Casinghead gasProduction23 Mcf$0
Total$114,186

23 Mcf of this lease's gas, across 23 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 (95)

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

95 months

Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 200025031.875.19$797
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
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 199996020.982.80$2,014
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 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 1998159010.892.19$1,732
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 1997172019.253.15$3,311
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 1997161017.582.25$2,830
Jun 19970017.242.26$0
May 1997182018.972.31$3,453
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 1997181020.492.21$3,709
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 1996176021.97$3,867
Oct 19960023.31$0
Sep 1996173022.22$3,844
Aug 1996170020.26$3,444
Jul 19960019.55$0
Jun 1996182018.73$3,409
May 19960019.43$0
Apr 1996178021.51$3,829
Mar 1996173019.38$3,353
Feb 19960016.98$0
Jan 1996183017.07$3,124
Dec 1995179017.19$3,077
Nov 19950016.00$0
Oct 1995185015.43$2,855
Sep 1995180016.18$2,912
Aug 19950015.92$0
Jul 1995175015.24$2,667
Jun 1995175016.41$2,872
May 19950017.56$0
Apr 1995183017.73$3,245
Mar 19950016.44$0
Feb 1995180016.58$2,984
Jan 19950015.92$0
Dec 1994354015.03$5,321
Nov 19940115.90$0
Oct 1994185115.58$2,882
Sep 19940115.29$0
Aug 1994179116.13$2,887
Jul 1994173117.56$3,038
Jun 19940117.09$0
May 1994155115.88$2,461
Apr 1994146114.14$2,064
Mar 1994158112.46$1,969
Feb 1994176112.50$2,200
Jan 19940112.66$0
Dec 1993174112.33$2,145
Nov 1993164114.49$2,376
Oct 1993169115.85$2,679
Sep 19930115.03$0
Aug 1993171115.66$2,678
Jul 1993180115.46$2,783
Jun 19930116.79$0
May 1993186117.68$3,288
Apr 19930118.05$0
Mar 1993155118.14$2,812
Feb 1993173117.90$3,097
Jan 1993365116.93$6,179

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.

Sep 2000 — as filed, then multipliedworked
Oil                   25 bbl  × $ 31.87 =       $797
Casinghead gas         0 Mcf  × $  5.19 =         $0

────────────────────────────────────────────────────
Month total                                     $797

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/7144 is the state's own key, not one this site invented.