THOMPSON, GEO. -A-

Operated by MIKEN OIL, INC. (P-5 566783) 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 7998District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$505 k
Jan 1993 – Jul 2015
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
271
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
OilDisposition15,129 bbl$502,126
Casinghead gasProduction5,778 Mcf$2,865
Total$504,992

4,570 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 (271)

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

271 months

Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 2014121089.394.04$10,816
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 201164083.404.15$5,338
Jul 20110094.144.52$0
Jun 201180092.904.64$7,432
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 201197096.364.06$9,347
Feb 20110085.644.18$0
Jan 201176086.504.59$6,574
Dec 20100085.734.35$0
Nov 201081080.843.80$6,548
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 201038073.684.42$2,800
Jul 20100072.554.74$0
Jun 201053070.364.91$3,729
May 20100071.124.24$0
Apr 201070081.694.12$5,718
Mar 20100078.394.39$0
Feb 201081073.585.44$5,960
Jan 20100074.365.96$0
Dec 200948071.445.48$3,429
Nov 20090074.593.75$0
Oct 200944072.544.11$3,192
Sep 200927065.543.06$1,770
Aug 200990067.423.22$6,068
Jul 200943061.133.46$2,629
Jun 200964066.163.90$4,234
May 200943054.743.93$2,354
Apr 200986046.773.59$4,022
Mar 20090042.144.06$0
Feb 200954032.814.63$1,772
Jan 200965035.865.37$2,331
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 200865075.246.92$4,891
Sep 2008750101.767.88$7,632
Aug 2008690114.228.48$7,881
Jul 2008640131.0811.39$8,389
Jun 2008590131.3313.03$7,748
May 2008440123.1711.57$5,419
Apr 2008700110.3110.45$7,722
Mar 2008640101.909.66$6,522
Feb 200859092.538.77$5,459
Jan 200859090.388.21$5,332
Dec 200760088.337.30$5,300
Nov 200751091.677.29$4,675
Oct 200749082.856.92$4,060
Sep 200753075.846.24$4,020
Aug 20070069.066.39$0
Jul 200764070.906.39$4,538
Jun 200764062.007.55$3,968
May 200782058.747.85$4,817
Apr 2007120059.617.81$7,153
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 200775050.306.73$3,773
Dec 2006102056.656.92$5,778
Nov 20060054.207.62$0
Oct 200653054.906.01$2,910
Sep 200676060.085.04$4,566
Aug 200666068.717.34$4,535
Jul 200664069.376.34$4,440
Jun 200655066.286.38$3,645
May 200665066.016.42$4,291
Apr 200658064.397.36$3,735
Mar 200664056.707.08$3,629
Feb 200655057.597.75$3,167
Jan 200665060.598.93$3,938
Dec 200596054.9413.42$5,274
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 200560061.4512.08$3,687
Aug 20050061.519.80$0
Jul 200585055.697.84$4,734
Jun 20050052.337.38$0
May 200585045.226.65$3,844
Apr 20050049.207.36$0
Mar 2005129050.377.15$6,498
Feb 20050045.226.31$0
Jan 2005112043.166.32$4,834
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 2004101049.706.52$5,020
Sep 20040043.245.28$0
Aug 200464042.375.55$2,712
Jul 200464038.286.08$2,450
Jun 200475036.106.43$2,708
May 200485037.486.49$3,186
Apr 200449034.475.86$1,689
Mar 2004105034.365.53$3,608
Feb 200492032.455.51$2,985
Jan 200487032.036.30$2,787
Dec 2003145030.266.30$4,388
Nov 2003154028.804.60$4,435
Oct 2003306028.174.76$8,620
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 200286026.464.23$2,276
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 200287023.733.34$2,065
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 2002116017.172.38$1,992
Dec 20010016.932.36$0
Nov 200144018.072.41$795
Oct 20010019.782.53$0
Sep 200197024.262.25$2,353
Aug 20010024.873.05$0
Jul 2001255023.933.20$6,102
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 2001140027.755.77$3,885
Jan 20010027.478.40$0
Dec 2000108026.889.12$2,903
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 2000141031.875.19$4,494
Aug 20000029.644.54$0
Jul 2000269028.534.09$7,675
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 2000183024.513.12$4,485
Mar 20000028.422.86$0
Feb 2000182027.622.73$5,027
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 1999127019.262.88$2,446
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 1999164015.792.32$2,590
Apr 19990015.102.21$0
Mar 1999162012.471.84$2,020
Feb 1999009.981.82$0
Jan 1999161010.381.90$1,671
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980112.421.97$2
Sep 1998180512.592.08$2,277
Aug 19980611.301.91$11
Jul 199801511.742.24$34
Jun 19981811211.242.24$2,061
May 199806212.622.21$137
Apr 19981728513.042.51$2,456
Mar 199818613112.802.31$2,683
Feb 19981823413.952.30$2,617
Jan 19980014.702.15$0
Dec 199704116.322.41$99
Nov 1997179118.193.09$3,259
Oct 19970119.253.15$3
Sep 199701317.742.95$38
Aug 19971829717.862.55$3,498
Jul 1997012917.582.25$290
Jun 199719210217.242.26$3,540
May 199707918.972.31$182
Apr 199709717.882.08$202
Mar 199717610218.951.94$3,533
Feb 1997010020.492.21$221
Jan 199709523.483.54$336
Dec 199612213823.32$2,845
Nov 19969810421.97$2,153
Oct 199613213023.31$3,077
Sep 19961086922.22$2,400
Aug 199610511420.26$2,127
Jul 199613512319.55$2,639
Jun 19961207218.73$2,248
May 199612813019.43$2,487
Apr 199610111821.51$2,173
Mar 199613813219.38$2,674
Feb 19961136216.98$1,919
Jan 19961205817.07$2,048
Dec 19951346317.19$2,303
Nov 19951195216.00$1,904
Oct 19951406515.43$2,160
Sep 19951196016.18$1,925
Aug 19951237615.92$1,958
Jul 19951308715.24$1,981
Jun 199511111216.41$1,822
May 19951309717.56$2,283
Apr 19951288017.73$2,269
Mar 19951299516.44$2,121
Feb 19951159216.58$1,907
Jan 199513211815.92$2,101
Dec 19941259615.03$1,879
Nov 19941223715.90$1,940
Oct 19941306115.58$2,025
Sep 19941376115.29$2,095
Aug 199415011916.13$2,420
Jul 199412511917.56$2,195
Jun 199412215217.09$2,085
May 199415017215.88$2,382
Apr 199412715414.14$1,796
Mar 199413116412.46$1,632
Feb 19941047212.50$1,300
Jan 19941263812.66$1,595
Dec 1993133112.33$1,640
Nov 19931256014.49$1,811
Oct 19931334415.85$2,108
Sep 19931207415.03$1,804
Aug 199312911015.66$2,020
Jul 199312510615.46$1,933
Jun 199311811616.79$1,981
May 199314913817.68$2,634
Apr 199312516818.05$2,256
Mar 199313118618.14$2,376
Feb 1993966517.90$1,718
Jan 19931261016.93$2,133

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 2014 — as filed, then multipliedworked
Oil                  121 bbl  × $ 89.39 =    $10,816
Casinghead gas         0 Mcf  × $  4.04 =         $0

────────────────────────────────────────────────────
Month total                                  $10,816

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/7998 is the state's own key, not one this site invented.