SMITH, E. S.

Operated by KERR-MCGEE OIL & GAS ONSHORE LP (P-5 457807) 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 8263District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$149 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
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
OilDisposition8,792 bbl$149,031
Casinghead gasProduction754 Mcf$0
Total$149,031

754 Mcf of this lease's gas, across 21 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 (183)

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

183 months

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 20050043.166.32$0
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 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
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 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 1998187012.421.97$2,323
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 1998176012.802.31$2,253
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 1997167016.322.41$2,725
Nov 19970018.193.09$0
Oct 1997185019.253.15$3,561
Sep 19970017.742.95$0
Aug 1997172017.862.55$3,072
Jul 19970017.582.25$0
Jun 1997174017.242.26$3,000
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 1997182018.951.94$3,449
Feb 19970020.492.21$0
Jan 1997182023.483.54$4,273
Dec 1996181023.32$4,221
Nov 1996168021.97$3,691
Oct 19960023.31$0
Sep 1996184022.22$4,088
Aug 19960020.26$0
Jul 1996177019.55$3,460
Jun 1996182018.73$3,409
May 19960019.43$0
Apr 1996183021.51$3,936
Mar 1996182019.38$3,527
Feb 19960016.98$0
Jan 1996183017.07$3,124
Dec 1995186017.19$3,197
Nov 1995177016.00$2,832
Oct 1995354015.43$5,462
Sep 1995184016.18$2,977
Aug 1995358015.92$5,699
Jul 1995180015.24$2,743
Jun 19950016.41$0
May 19950017.56$0
Apr 1995177017.73$3,138
Mar 19950016.44$0
Feb 19950016.58$0
Jan 1995181015.92$2,882
Dec 19940015.03$0
Nov 1994180015.90$2,862
Oct 19940015.58$0
Sep 1994169215.29$2,584
Aug 1994183216.13$2,952
Jul 1994174217.56$3,055
Jun 19940217.09$0
May 1994182215.88$2,890
Apr 1994121214.14$1,711
Mar 1994182212.46$2,268
Feb 19940212.50$0
Jan 1994185212.66$2,342
Dec 1993188212.33$2,318
Nov 1993183214.49$2,652
Oct 19930215.85$0
Sep 19931858315.03$2,781
Aug 19933648315.66$5,700
Jul 19931848315.46$2,845
Jun 19931878316.79$3,140
May 19933695017.68$6,524
Apr 19931879618.05$3,375
Mar 19933748818.14$6,784
Feb 19931865017.90$3,329
Jan 199334711416.93$5,875

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.

Oct 1998 — as filed, then multipliedworked
Oil                  187 bbl  × $ 12.42 =     $2,323
Casinghead gas         0 Mcf  × $  1.97 =         $0

────────────────────────────────────────────────────
Month total                                   $2,323

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/8263 is the state's own key, not one this site invented.