SHEROW, C.

Operated by IRONHORSE OPERATIONS, LLC (P-5 426610) 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 8431District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$263 k
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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
OilDisposition6,432 bbl$262,862
Casinghead gasProduction23 Mcf$0
Total$262,862

23 Mcf of this lease's gas, across 23 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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 201629027.352.36$793
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 201550042.992.76$2,150
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 201542055.212.96$2,319
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 201529044.662.98$1,295
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 201452078.303.90$4,072
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 201478098.164.74$7,656
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 201455097.406.19$5,357
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 201347088.853.74$4,176
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 2013450104.253.52$4,691
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 201332094.834.15$3,035
Apr 201352093.964.28$4,886
Mar 20130093.623.91$0
Feb 201348091.233.42$4,379
Jan 20130091.603.42$0
Dec 201224086.773.42$2,082
Nov 20120086.953.62$0
Oct 201231089.383.40$2,771
Sep 20120094.672.92$0
Aug 201250092.662.91$4,633
Jul 20120085.133.02$0
Jun 201239079.822.52$3,113
May 20120091.612.49$0
Apr 2012580101.652.00$5,896
Mar 201200105.052.22$0
Feb 2012410101.102.57$4,145
Jan 20120098.092.73$0
Dec 201141096.873.24$3,972
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 201138083.623.99$3,178
Aug 20110083.404.15$0
Jul 201130094.144.52$2,824
Jun 201130092.904.64$2,787
May 20110098.134.40$0
Apr 2011420105.964.33$4,450
Mar 20110096.364.06$0
Feb 201136085.644.18$3,083
Jan 20110086.504.59$0
Dec 201032085.734.35$2,743
Nov 20100080.843.80$0
Oct 201034078.103.51$2,655
Sep 20100072.633.98$0
Aug 201061073.684.42$4,494
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 201028081.694.12$2,287
Mar 201051078.394.39$3,998
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 200945071.445.48$3,215
Nov 20090074.593.75$0
Oct 200948072.544.11$3,482
Sep 20090065.543.06$0
Aug 200960067.423.22$4,045
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 200937054.743.93$2,025
Apr 20090046.773.59$0
Mar 200943042.144.06$1,812
Feb 20090032.814.63$0
Jan 200945035.865.37$1,614
Dec 20080037.105.98$0
Nov 200844055.496.86$2,442
Oct 200866075.246.92$4,966
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 2008810110.3110.45$8,935
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 200740088.337.30$3,533
Nov 20070091.677.29$0
Oct 200768082.856.92$5,634
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 200756070.906.39$3,970
Jun 20070062.007.55$0
May 200764058.747.85$3,759
Apr 20070059.617.81$0
Mar 200770056.927.30$3,984
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 200666056.656.92$3,739
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 200688060.085.04$5,287
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 200675064.397.36$4,829
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 200557054.6910.59$3,117
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 2005114045.226.31$5,155
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 2004142036.106.43$5,126
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 2004114032.036.30$3,651
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 200334029.765.13$1,012
Jul 200331029.415.17$912
Jun 20030028.565.98$0
May 200336026.595.97$957
Apr 200326026.675.41$693
Mar 200367031.146.10$2,086
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 200276026.914.85$2,045
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 2002140027.443.64$3,842
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 2002149022.003.10$3,278
Feb 200242018.222.38$765
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 200178023.933.20$1,867
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 200130024.685.34$740
Mar 200151024.545.38$1,252
Feb 20010027.755.77$0
Jan 200148027.478.40$1,319
Dec 200054026.889.12$1,452
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 200039031.875.19$1,243
Aug 2000140029.644.54$4,150
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 2000169028.422.86$4,803
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 1999171021.752.62$3,719
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 1999177012.471.84$2,207
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 1998172010.892.19$1,873
Oct 19980012.421.97$0
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 19980012.802.31$0
Feb 1998169013.952.30$2,358
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 1997176017.862.55$3,143
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 1997170020.492.21$3,483
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 1996176020.26$3,566
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 1996176016.98$2,988
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 1995175015.92$2,786
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 1995168016.58$2,785
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940115.90$0
Oct 19940115.58$0
Sep 1994175115.29$2,676
Aug 19940116.13$0
Jul 19940117.56$0
Jun 19940117.09$0
May 19940115.88$0
Apr 19940114.14$0
Mar 1994156112.46$1,944
Feb 19940112.50$0
Jan 19940112.66$0
Dec 19930112.33$0
Nov 19930114.49$0
Oct 1993176115.85$2,790
Sep 19930115.03$0
Aug 19930115.66$0
Jul 19930115.46$0
Jun 19930116.79$0
May 19930117.68$0
Apr 1993161118.05$2,906
Mar 19930118.14$0
Feb 19930117.90$0
Jan 1993176116.93$2,980

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 2016 — as filed, then multipliedworked
Oil                   29 bbl  × $ 27.35 =       $793
Casinghead gas         0 Mcf  × $  2.36 =         $0

────────────────────────────────────────────────────
Month total                                     $793

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/8431 is the state's own key, not one this site invented.