MAXWELL

Operated by SND OPERATING, L.L.C. (P-5 797127) 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 7308District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$503 k
Jan 1993 – Mar 2007
Value, last 12 filed months
$13 k
at the published price for each month
Months reported
171
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
OilDisposition26,251 bbl$503,135
Casinghead gasProduction21 Mcf$0
Total$503,135

21 Mcf of this lease's gas, across 21 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 (171)

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

171 months

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 2006184068.717.34$12,643
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 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 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 2002131027.443.64$3,595
Aug 20020025.963.16$0
Jul 2002151024.583.06$3,712
Jun 20020023.733.34$0
May 200298024.663.58$2,417
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 2002134018.222.38$2,441
Jan 20020017.172.38$0
Dec 2001161016.932.36$2,726
Nov 2001143018.072.41$2,584
Oct 2001110019.782.53$2,176
Sep 20010024.262.25$0
Aug 2001140024.873.05$3,482
Jul 2001279023.933.20$6,676
Jun 20010024.563.82$0
May 2001242025.524.31$6,176
Apr 200173024.685.34$1,802
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 2001135027.478.40$3,708
Dec 2000159026.889.12$4,274
Nov 2000178032.215.66$5,733
Oct 200057031.235.15$1,780
Sep 2000361031.875.19$11,505
Aug 20000029.644.54$0
Jul 2000356028.534.09$10,157
Jun 20000029.304.40$0
May 2000187027.263.68$5,098
Apr 2000369024.513.12$9,044
Mar 2000191028.422.86$5,428
Feb 20000027.622.73$0
Jan 2000321025.272.48$8,112
Dec 1999189024.282.42$4,589
Nov 1999187023.192.43$4,337
Oct 1999190020.982.80$3,986
Sep 1999321021.752.62$6,982
Aug 1999191019.262.88$3,679
Jul 1999189017.892.37$3,381
Jun 1999260015.942.36$4,144
May 1999241015.792.32$3,805
Apr 1999233015.102.21$3,518
Mar 1999249012.471.84$3,105
Feb 199923409.981.82$2,335
Jan 1999140010.381.90$1,453
Dec 199813909.201.77$1,279
Nov 1998216010.892.19$2,352
Oct 1998215012.421.97$2,670
Sep 1998216012.592.08$2,719
Aug 1998199011.301.91$2,249
Jul 1998269011.742.24$3,158
Jun 1998225011.242.24$2,529
May 1998246012.622.21$3,105
Apr 1998283013.042.51$3,690
Mar 1998253012.802.31$3,238
Feb 1998262013.952.30$3,655
Jan 1998303014.702.15$4,454
Dec 1997284016.322.41$4,635
Nov 1997253018.193.09$4,602
Oct 1997322019.253.15$6,199
Sep 1997308017.742.95$5,464
Aug 1997327017.862.55$5,840
Jul 1997299017.582.25$5,256
Jun 1997313017.242.26$5,396
May 1997320018.972.31$6,070
Apr 1997618017.882.08$11,050
Mar 1997309018.951.94$5,856
Feb 1997597020.492.21$12,233
Jan 1997634023.483.54$14,886
Dec 1996602023.32$14,039
Nov 1996311021.97$6,833
Oct 1996548023.31$12,774
Sep 1996410022.22$9,110
Aug 1996598020.26$12,115
Jul 1996607019.55$11,867
Jun 1996473018.73$8,859
May 1996829019.43$16,107
Apr 1996620021.51$13,336
Mar 1996443019.38$8,585
Feb 1996462016.98$7,845
Jan 1996474017.07$8,091
Dec 1995492017.19$8,457
Nov 1995533016.00$8,528
Oct 1995302015.43$4,660
Sep 1995269016.18$4,352
Aug 199595015.92$1,512
Jul 19950015.24$0
Jun 1995124016.41$2,035
May 19950017.56$0
Apr 199598017.73$1,738
Mar 19950016.44$0
Feb 1995141016.58$2,338
Jan 19950015.92$0
Dec 199466015.03$992
Nov 1994140015.90$2,226
Oct 19940015.58$0
Sep 1994155115.29$2,370
Aug 19940116.13$0
Jul 1994158117.56$2,774
Jun 19940117.09$0
May 1994114115.88$1,810
Apr 1994120114.14$1,697
Mar 1994143112.46$1,782
Feb 1994123112.50$1,538
Jan 1994139112.66$1,760
Dec 1993193112.33$2,380
Nov 1993176114.49$2,550
Oct 1993233115.85$3,693
Sep 1993279115.03$4,193
Aug 1993210115.66$3,289
Jul 1993228115.46$3,525
Jun 1993233116.79$3,912
May 1993201117.68$3,554
Apr 1993232118.05$4,188
Mar 1993204118.14$3,701
Feb 1993133117.90$2,381
Jan 1993146116.93$2,472

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.

Aug 2006 — as filed, then multipliedworked
Oil                  184 bbl  × $ 68.71 =    $12,643
Casinghead gas         0 Mcf  × $  7.34 =         $0

────────────────────────────────────────────────────
Month total                                  $12,643

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/7308 is the state's own key, not one this site invented.