SNODDY, THAD -C-

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 7622District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$1.5 M
Jan 1993 – Dec 1999
Value, last 12 filed months
$49
at the published price for each month
Months reported
84
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
OilDisposition89,755 bbl$1,486,283
Casinghead gasProduction33,213 Mcf$5,288
Total$1,491,571

30,935 Mcf of this lease's gas, across 46 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 (84)

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

84 months

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 19990415.942.36$9
May 19990415.792.32$9
Apr 19990915.102.21$20
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19991010.381.90$10
Dec 19982169.201.77$204
Nov 199813110610.892.19$1,658
Oct 199817813512.421.97$2,477
Sep 199818914312.592.08$2,677
Aug 199819415311.301.91$2,484
Jul 199819516311.742.24$2,654
Jun 199821716711.242.24$2,813
May 199822815312.622.21$3,215
Apr 199822715513.042.51$3,348
Mar 19982534712.802.31$3,347
Feb 19982488413.952.30$3,653
Jan 1998269014.702.15$3,954
Dec 1997270016.322.41$4,406
Nov 1997260018.193.09$4,729
Oct 1997266019.253.15$5,121
Sep 1997241017.742.95$4,275
Aug 1997241017.862.55$4,304
Jul 199724620517.582.25$4,785
Jun 199728518517.242.26$5,331
May 1997326018.972.31$6,184
Apr 199744627017.882.08$8,537
Mar 19974084718.951.94$7,823
Feb 1997428220.492.21$8,774
Jan 199758724023.483.54$14,632
Dec 199663524923.32$14,808
Nov 199676135421.97$16,719
Oct 199690613223.31$21,119
Sep 1996751022.22$16,687
Aug 1996837020.26$16,958
Jul 199690973319.55$17,771
Jun 19961,17472718.73$21,989
May 19961,38292919.43$26,852
Apr 19961,62789221.51$34,997
Mar 19961,8951,02119.38$36,725
Feb 19961,58152216.98$26,845
Jan 19961,90958517.07$32,587
Dec 19951,86060917.19$31,973
Nov 19951,79957416.00$28,784
Oct 19951,81765315.43$28,036
Sep 19951,84178016.18$29,787
Aug 19951,88373815.92$29,977
Jul 19951,85374615.24$28,240
Jun 19952,08467016.41$34,198
May 19951,93786917.56$34,014
Apr 19951,72974117.73$30,655
Mar 19952,25788016.44$37,105
Feb 19951,93876416.58$32,132
Jan 19951,82069915.92$28,974
Dec 19941,99947115.03$30,045
Nov 19942,05261015.90$32,627
Oct 19941,95155115.58$30,397
Sep 19942,19479015.29$33,546
Aug 19942,11282616.13$34,067
Jul 19942,04854317.56$35,963
Jun 19942,36796317.09$40,452
May 19942,38497415.88$37,858
Apr 19941,5291,01114.14$21,620
Mar 19941,87670412.46$23,375
Feb 19941,68841212.50$21,100
Jan 19941,95562812.66$24,750
Dec 19931,96964112.33$24,278
Nov 19931,87666814.49$27,183
Oct 19931,91071515.85$30,274
Sep 19931,77372115.03$26,648
Aug 19931,79460015.66$28,094
Jul 19931,81166515.46$27,998
Jun 19931,93567516.79$32,489
May 19931,84256917.68$32,567
Apr 19931,78144518.05$32,147
Mar 19931,85256118.14$33,595
Feb 19931,63665117.90$29,284
Jan 19931,88167416.93$31,845

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 1999 — as filed, then multipliedworked
Oil                    0 bbl  × $ 15.94 =         $0
Casinghead gas         4 Mcf  × $  2.36 =         $9

────────────────────────────────────────────────────
Month total                                       $9

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/7622 is the state's own key, not one this site invented.