ALTGELT, M. D.

Name: ALTGELT, M. D. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BRASHEAR PRODUCTION SERVICE, INC (P-5 89601) 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 7649District 6EField 27302001OilCasinghead gasSave Export

Value, all time

$642 k

Jan 1993 – Apr 1999

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The EAST TEXAS field

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.

Stream	Basis	Volume	Value
Oil	Disposition	37,715 bbl	$638,785
Casinghead gas	Production	8,449 Mcf	$3,349
Total			$642,134

7,070 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 (76)

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

76 months


Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	91	0	9.98	1.82	$908
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	0	31	9.20	1.77	$55
Nov 1998	176	6	10.89	2.19	$1,930
Oct 1998	27	0	12.42	1.97	$335
Sep 1998	38	13	12.59	2.08	$505
Aug 1998	0	37	11.30	1.91	$71
Jul 1998	141	49	11.74	2.24	$1,765
Jun 1998	0	16	11.24	2.24	$36
May 1998	104	74	12.62	2.21	$1,476
Apr 1998	170	41	13.04	2.51	$2,320
Mar 1998	134	51	12.80	2.31	$1,833
Feb 1998	102	40	13.95	2.30	$1,515
Jan 1998	179	48	14.70	2.15	$2,735
Dec 1997	213	47	16.32	2.41	$3,589
Nov 1997	206	35	18.19	3.09	$3,855
Oct 1997	200	107	19.25	3.15	$4,187
Sep 1997	209	146	17.74	2.95	$4,139
Aug 1997	214	157	17.86	2.55	$4,223
Jul 1997	421	141	17.58	2.25	$7,718
Jun 1997	423	143	17.24	2.26	$7,615
May 1997	377	67	18.97	2.31	$7,306
Apr 1997	647	75	17.88	2.08	$11,725
Mar 1997	184	29	18.95	1.94	$3,543
Feb 1997	619	23	20.49	2.21	$12,734
Jan 1997	388	3	23.48	3.54	$9,121
Dec 1996	630	134	23.32	—	$14,692
Nov 1996	490	101	21.97	—	$10,765
Oct 1996	663	141	23.31	—	$15,455
Sep 1996	563	155	22.22	—	$12,510
Aug 1996	696	167	20.26	—	$14,101
Jul 1996	540	109	19.55	—	$10,557
Jun 1996	508	133	18.73	—	$9,515
May 1996	602	95	19.43	—	$11,697
Apr 1996	598	143	21.51	—	$12,863
Mar 1996	757	186	19.38	—	$14,671
Feb 1996	542	108	16.98	—	$9,203
Jan 1996	542	120	17.07	—	$9,252
Dec 1995	564	110	17.19	—	$9,695
Nov 1995	634	134	16.00	—	$10,144
Oct 1995	626	144	15.43	—	$9,659
Sep 1995	792	180	16.18	—	$12,815
Aug 1995	967	233	15.92	—	$15,395
Jul 1995	790	167	15.24	—	$12,040
Jun 1995	947	105	16.41	—	$15,540
May 1995	718	141	17.56	—	$12,608
Apr 1995	914	184	17.73	—	$16,205
Mar 1995	910	174	16.44	—	$14,960
Feb 1995	661	129	16.58	—	$10,959
Jan 1995	913	214	15.92	—	$14,535
Dec 1994	837	184	15.03	—	$12,580
Nov 1994	913	165	15.90	—	$14,517
Oct 1994	749	161	15.58	—	$11,669
Sep 1994	1,228	266	15.29	—	$18,776
Aug 1994	659	130	16.13	—	$10,630
Jul 1994	567	123	17.56	—	$9,957
Jun 1994	612	142	17.09	—	$10,459
May 1994	584	65	15.88	—	$9,274
Apr 1994	584	62	14.14	—	$8,258
Mar 1994	599	79	12.46	—	$7,464
Feb 1994	594	165	12.50	—	$7,425
Jan 1994	613	141	12.66	—	$7,761
Dec 1993	608	131	12.33	—	$7,497
Nov 1993	713	121	14.49	—	$10,331
Oct 1993	557	164	15.85	—	$8,828
Sep 1993	751	165	15.03	—	$11,288
Aug 1993	519	151	15.66	—	$8,128
Jul 1993	614	135	15.46	—	$9,492
Jun 1993	897	139	16.79	—	$15,061
May 1993	388	165	17.68	—	$6,860
Apr 1993	565	159	18.05	—	$10,198
Mar 1993	602	228	18.14	—	$10,920
Feb 1993	540	174	17.90	—	$9,666
Jan 1993	592	148	16.93	—	$10,023

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.

Feb 1999 — as filed, then multipliedworked

Oil                   91 bbl  × $  9.98 =       $908
Casinghead gas         0 Mcf  × $  1.82 =         $0

────────────────────────────────────────────────────
Month total                                     $908

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/7649 is the state's own key, not one this site invented.