CASTLEBERRY, J. J.

Operated by TEXACO E & P INC. (P-5 844118) 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 8354District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$3.1 M
Jan 1993 – Feb 2004
Value, last 12 filed months
$0
at the published price for each month
Months reported
134
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
OilDisposition190,630 bbl$3,060,037
Casinghead gasProduction88,459 Mcf$6,473
Total$3,066,511

85,921 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 (134)

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

134 months

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 199937409.981.82$3,733
Jan 1999193010.381.90$2,003
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 199803412.421.97$67
Sep 19980012.592.08$0
Aug 19981926811.301.91$2,299
Jul 199802811.742.24$63
Jun 19981913411.242.24$2,223
May 199803612.622.21$79
Apr 19981939313.042.51$2,750
Mar 19981944312.802.31$2,583
Feb 1998015713.952.30$361
Jan 199819530314.702.15$3,519
Dec 199737719116.322.41$6,613
Nov 1997036818.193.09$1,136
Oct 199718727019.253.15$4,450
Sep 199718811217.742.95$3,666
Aug 199715118417.862.55$3,167
Jul 199716025917.582.25$3,395
Jun 19971594117.242.26$2,834
May 19971548718.972.31$3,122
Apr 19971532517.882.08$2,788
Mar 19973533918.951.94$6,765
Feb 19973769520.492.21$7,914
Jan 19971967123.483.54$4,853
Dec 199638527623.32$8,978
Nov 199636343921.97$7,975
Oct 199637444123.31$8,718
Sep 199635545022.22$7,888
Aug 199670939120.26$14,364
Jul 199633848519.55$6,608
Jun 199652949818.73$9,908
May 199652959619.43$10,278
Apr 199669852721.51$15,014
Mar 199651252619.38$9,923
Feb 199656538316.98$9,594
Jan 199680359917.07$13,707
Dec 199578070417.19$13,408
Nov 199587568416.00$14,000
Oct 19951,07276715.43$16,541
Sep 19951,05273216.18$17,021
Aug 19951,29572415.92$20,616
Jul 19951,22169615.24$18,608
Jun 19951,39187716.41$22,826
May 19951,53291717.56$26,902
Apr 19951,78786717.73$31,684
Mar 19952,33284316.44$38,338
Feb 19952,75493816.58$45,661
Jan 19953,5741,16915.92$56,898
Dec 19944,2121,28615.03$63,306
Nov 19942,9291,19615.90$46,571
Oct 19942,4731,44615.58$38,529
Sep 19943,5542,24715.29$54,341
Aug 19944,0962,42416.13$66,068
Jul 19944,7942,96917.56$84,183
Jun 19945,1222,11417.09$87,535
May 19945,1851,79815.88$82,338
Apr 19945,4072,60214.14$76,455
Mar 19945,8682,81512.46$73,115
Feb 19945,1392,25912.50$64,238
Jan 19945,9833,28012.66$75,745
Dec 19936,7243,94612.33$82,907
Nov 19937,0553,29014.49$102,227
Oct 19937,4002,66915.85$117,290
Sep 19938,4263,19615.03$126,643
Aug 19938,4434,08015.66$132,217
Jul 19939,5303,74615.46$147,334
Jun 19938,4934,23116.79$142,597
May 19939,3733,79517.68$165,715
Apr 199310,0103,44418.05$180,681
Mar 199311,0023,76218.14$199,576
Feb 19939,4973,63117.90$169,996
Jan 199310,1044,16616.93$171,061

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                  374 bbl  × $  9.98 =     $3,733
Casinghead gas         0 Mcf  × $  1.82 =         $0

────────────────────────────────────────────────────
Month total                                   $3,733

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/8354 is the state's own key, not one this site invented.