LATHROP, F. K.

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

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 8386District 6EField 27302001OilCasinghead gasSave Export

Value, all time

$1.2 M

Jan 1993 – Nov 1999

Value, last 12 filed months

$337

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	69,333 bbl	$1,162,648
Casinghead gas	Production	25,872 Mcf	$8,355
Total			$1,171,003

22,412 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 (83)

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

83 months


Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	27	0	12.47	1.84	$337
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	118	0	12.59	2.08	$1,486
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	122	5	11.24	2.24	$1,382
May 1998	0	10	12.62	2.21	$22
Apr 1998	0	29	13.04	2.51	$73
Mar 1998	0	25	12.80	2.31	$58
Feb 1998	0	40	13.95	2.30	$92
Jan 1998	187	34	14.70	2.15	$2,822
Dec 1997	89	45	16.32	2.41	$1,561
Nov 1997	0	80	18.19	3.09	$247
Oct 1997	0	230	19.25	3.15	$724
Sep 1997	0	321	17.74	2.95	$949
Aug 1997	0	277	17.86	2.55	$708
Jul 1997	0	322	17.58	2.25	$724
Jun 1997	0	296	17.24	2.26	$668
May 1997	0	247	18.97	2.31	$570
Apr 1997	140	570	17.88	2.08	$3,690
Mar 1997	361	336	18.95	1.94	$7,493
Feb 1997	371	457	20.49	2.21	$8,610
Jan 1997	356	136	23.48	3.54	$8,840
Dec 1996	363	183	23.32	—	$8,465
Nov 1996	572	111	21.97	—	$12,567
Oct 1996	1,001	282	23.31	—	$23,333
Sep 1996	1,081	532	22.22	—	$24,020
Aug 1996	715	529	20.26	—	$14,486
Jul 1996	1,340	794	19.55	—	$26,197
Jun 1996	1,435	568	18.73	—	$26,878
May 1996	1,731	537	19.43	—	$33,633
Apr 1996	1,700	510	21.51	—	$36,567
Mar 1996	1,717	223	19.38	—	$33,275
Feb 1996	1,633	550	16.98	—	$27,728
Jan 1996	1,732	495	17.07	—	$29,565
Dec 1995	1,811	447	17.19	—	$31,131
Nov 1995	1,806	495	16.00	—	$28,896
Oct 1995	1,445	616	15.43	—	$22,296
Sep 1995	1,578	434	16.18	—	$25,532
Aug 1995	1,432	669	15.92	—	$22,797
Jul 1995	1,397	649	15.24	—	$21,290
Jun 1995	1,422	518	16.41	—	$23,335
May 1995	1,784	461	17.56	—	$31,327
Apr 1995	1,432	554	17.73	—	$25,389
Mar 1995	1,810	564	16.44	—	$29,756
Feb 1995	1,446	520	16.58	—	$23,975
Jan 1995	1,719	491	15.92	—	$27,366
Dec 1994	1,750	506	15.03	—	$26,303
Nov 1994	1,683	487	15.90	—	$26,760
Oct 1994	1,726	435	15.58	—	$26,891
Sep 1994	1,681	574	15.29	—	$25,702
Aug 1994	1,445	512	16.13	—	$23,308
Jul 1994	1,438	505	17.56	—	$25,251
Jun 1994	1,388	541	17.09	—	$23,721
May 1994	1,444	542	15.88	—	$22,931
Apr 1994	1,355	473	14.14	—	$19,160
Mar 1994	1,431	422	12.46	—	$17,830
Feb 1994	1,291	425	12.50	—	$16,138
Jan 1994	1,235	356	12.66	—	$15,635
Dec 1993	1,431	485	12.33	—	$17,644
Nov 1993	1,374	423	14.49	—	$19,909
Oct 1993	1,438	483	15.85	—	$22,792
Sep 1993	1,724	492	15.03	—	$25,912
Aug 1993	1,145	422	15.66	—	$17,931
Jul 1993	1,419	424	15.46	—	$21,938
Jun 1993	1,072	368	16.79	—	$17,999
May 1993	1,402	403	17.68	—	$24,787
Apr 1993	1,041	334	18.05	—	$18,790
Mar 1993	1,421	388	18.14	—	$25,777
Feb 1993	1,072	352	17.90	—	$19,189
Jan 1993	1,054	328	16.93	—	$17,844

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.

Mar 1999 — as filed, then multipliedworked

Oil                   27 bbl  × $ 12.47 =       $337
Casinghead gas         0 Mcf  × $  1.84 =         $0

────────────────────────────────────────────────────
Month total                                     $337

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/8386 is the state's own key, not one this site invented.