HENDERSON

Operated by ARCO PERMIAN (P-5 29347) 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 7439District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$539 k
Jan 1993 – Nov 1998
Value, last 12 filed months
$44 k
at the published price for each month
Months reported
71
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
OilDisposition32,586 bbl$535,020
Casinghead gasProduction18,475 Mcf$3,729
Total$538,749

16,955 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 (71)

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

71 months

Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 1998663011.742.24$7,784
Jun 1998688011.242.24$7,733
May 1998393012.622.21$4,960
Apr 1998836013.042.51$10,901
Mar 1998387012.802.31$4,954
Feb 1998324013.952.30$4,520
Jan 19980014.702.15$0
Dec 1997215016.322.41$3,509
Nov 19970018.193.09$0
Oct 199727810119.253.15$5,670
Sep 199724613917.742.95$4,775
Aug 199727427217.862.55$5,589
Jul 199724314817.582.25$4,604
Jun 199720515617.242.26$3,886
May 199726024118.972.31$5,489
Apr 199719214217.882.08$3,729
Mar 199721716318.951.94$4,428
Feb 19971958020.492.21$4,172
Jan 19972097823.483.54$5,183
Dec 199654713223.32$12,756
Nov 199631510921.97$6,921
Oct 199630317023.31$7,063
Sep 199646418322.22$10,310
Aug 199634017920.26$6,888
Jul 199627016419.55$5,279
Jun 199631118518.73$5,825
May 199640014719.43$7,772
Apr 199626410021.51$5,679
Mar 199650414719.38$9,768
Feb 199632335816.98$5,485
Jan 199641837917.07$7,135
Dec 199547646617.19$8,182
Nov 199542148716.00$6,736
Oct 1995027115.43$0
Sep 199515034116.18$2,427
Aug 199537821515.92$6,018
Jul 199520036415.24$3,048
Jun 199523720816.41$3,889
May 199565626317.56$11,519
Apr 199518233417.73$3,227
Mar 199586231316.44$14,171
Feb 199525828116.58$4,278
Jan 199545634815.92$7,260
Dec 199470336115.03$10,566
Nov 199434537815.90$5,486
Oct 199467237715.58$10,470
Sep 199471550315.29$10,932
Aug 199480454916.13$12,969
Jul 199469054417.56$12,116
Jun 199464653617.09$11,040
May 199465753615.88$10,433
Apr 199466144014.14$9,347
Mar 199485443212.46$10,641
Feb 199455732712.50$6,963
Jan 199447542712.66$6,014
Dec 199360444112.33$7,447
Nov 199368157914.49$9,868
Oct 199380047915.85$12,680
Sep 199377852415.03$11,693
Aug 199384251415.66$13,186
Jul 199389449615.46$13,821
Jun 199389046916.79$14,943
May 199392045017.68$16,266
Apr 199393638118.05$16,895
Mar 19931,08537518.14$19,682
Feb 19931,04336317.90$18,670
Jan 199377433016.93$13,104

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 1998 — as filed, then multipliedworked
Oil                  663 bbl  × $ 11.74 =     $7,784
Casinghead gas         0 Mcf  × $  2.24 =         $0

────────────────────────────────────────────────────
Month total                                   $7,784

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/7439 is the state's own key, not one this site invented.