PRICE, J. M. -A-

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 8051District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$398 k
Jan 1993 – Oct 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
238
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
OilDisposition21,815 bbl$398,142
Casinghead gasProduction19 Mcf$0
Total$398,142

19 Mcf of this lease's gas, across 19 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 (238)

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

238 months

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 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
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 20060068.717.34$0
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 200525043.166.32$1,079
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 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 2001100023.933.20$2,393
Jun 200153024.563.82$1,302
May 2001154025.524.31$3,930
Apr 2001162024.685.34$3,998
Mar 2001154024.545.38$3,779
Feb 2001160027.755.77$4,440
Jan 2001145027.478.40$3,983
Dec 2000151026.889.12$4,059
Nov 2000151032.215.66$4,864
Oct 2000156031.235.15$4,872
Sep 2000167031.875.19$5,322
Aug 2000156029.644.54$4,624
Jul 2000232028.534.09$6,619
Jun 200092029.304.40$2,696
May 2000243027.263.68$6,624
Apr 2000152024.513.12$3,726
Mar 2000163028.422.86$4,632
Feb 2000174027.622.73$4,806
Jan 2000149025.272.48$3,765
Dec 1999160024.282.42$3,885
Nov 1999173023.192.43$4,012
Oct 199979020.982.80$1,657
Sep 1999109021.752.62$2,371
Aug 1999155019.262.88$2,985
Jul 1999181017.892.37$3,238
Jun 1999156015.942.36$2,487
May 1999193015.792.32$3,047
Apr 1999161015.102.21$2,431
Mar 1999136012.471.84$1,696
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 199827009.201.77$2,484
Nov 199887010.892.19$947
Oct 1998270012.421.97$3,353
Sep 199892012.592.08$1,158
Aug 1998169011.301.91$1,910
Jul 1998186011.742.24$2,184
Jun 1998258011.242.24$2,900
May 1998178012.622.21$2,246
Apr 1998178013.042.51$2,321
Mar 1998149012.802.31$1,907
Feb 1998191013.952.30$2,664
Jan 1998275014.702.15$4,043
Dec 1997286016.322.41$4,668
Nov 1997283018.193.09$5,148
Oct 1997266019.253.15$5,121
Sep 1997288017.742.95$5,109
Aug 1997285017.862.55$5,090
Jul 1997179017.582.25$3,147
Jun 1997259017.242.26$4,465
May 1997290018.972.31$5,501
Apr 1997283017.882.08$5,060
Mar 1997272018.951.94$5,154
Feb 1997197020.492.21$4,037
Jan 1997283023.483.54$6,645
Dec 1996245023.32$5,713
Nov 1996206021.97$4,526
Oct 1996282023.31$6,573
Sep 1996207022.22$4,600
Aug 1996237020.26$4,802
Jul 1996283019.55$5,533
Jun 1996256018.73$4,795
May 1996175019.43$3,400
Apr 1996278021.51$5,980
Mar 1996192019.38$3,721
Feb 1996101016.98$1,715
Jan 1996163017.07$2,782
Dec 1995167017.19$2,871
Nov 1995166016.00$2,656
Oct 1995154015.43$2,376
Sep 1995198016.18$3,204
Aug 1995179015.92$2,850
Jul 1995176015.24$2,682
Jun 1995193016.41$3,167
May 1995169017.56$2,968
Apr 1995180017.73$3,191
Mar 1995157016.44$2,581
Feb 1995171016.58$2,835
Jan 1995193015.92$3,073
Dec 1994212015.03$3,186
Nov 1994190015.90$3,021
Oct 1994215015.58$3,350
Sep 1994207115.29$3,165
Aug 1994227116.13$3,662
Jul 1994260117.56$4,566
Jun 1994220117.09$3,760
May 1994170015.88$2,700
Apr 1994227114.14$3,210
Mar 1994308012.46$3,838
Feb 1994240112.50$3,000
Jan 1994310112.66$3,925
Dec 1993268112.33$3,304
Nov 1993338114.49$4,898
Oct 1993322115.85$5,104
Sep 1993357115.03$5,366
Aug 1993405115.66$6,342
Jul 1993388115.46$5,998
Jun 1993402116.79$6,750
May 1993399117.68$7,054
Apr 1993402118.05$7,256
Mar 1993409118.14$7,419
Feb 1993336117.90$6,014
Jan 1993359116.93$6,078

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.

Jan 2005 — as filed, then multipliedworked
Oil                   25 bbl  × $ 43.16 =     $1,079
Casinghead gas         0 Mcf  × $  6.32 =         $0

────────────────────────────────────────────────────
Month total                                   $1,079

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/8051 is the state's own key, not one this site invented.