LEE, T. W. UNIT

Operated by PARADIGM OPERATING INC. (P-5 638917) 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 8723District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$1.1 M
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
OilDisposition60,510 bbl$1,086,535
Casinghead gasProduction13,710 Mcf$12,747
Total$1,099,282

8,525 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 (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 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
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 2011350105.964.33$3,709
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 201090073.684.42$6,631
Jul 20100072.554.74$0
Jun 201073070.364.91$5,136
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 201091078.394.39$7,133
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 200953065.543.06$3,474
Aug 20090067.423.22$0
Jul 200952061.133.46$3,179
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 2009120042.144.06$5,057
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 200885075.246.92$6,395
Sep 2008810101.767.88$8,243
Aug 200800114.228.48$0
Jul 2008620131.0811.39$8,127
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 2008390110.3110.45$4,302
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 200841090.388.21$3,706
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 200740082.856.92$3,314
Sep 20070075.846.24$0
Aug 200730069.066.39$2,072
Jul 200736070.906.39$2,552
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 200621056.656.92$1,190
Nov 200633054.207.62$1,789
Oct 200636054.906.01$1,976
Sep 200634060.085.04$2,043
Aug 20060068.717.34$0
Jul 200640069.376.34$2,775
Jun 200638066.286.38$2,519
May 200633066.016.42$2,178
Apr 200631064.397.36$1,996
Mar 200625056.707.08$1,418
Feb 20060057.597.75$0
Jan 200645060.598.93$2,727
Dec 200532054.9413.42$1,758
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 200561061.4512.08$3,748
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 200546045.226.31$2,080
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 200420032.036.30$641
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 200331030.315.58$940
Dec 20020026.914.85$0
Nov 200263024.664.14$1,554
Oct 20027026.464.23$185
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 200122019.782.53$435
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 200101125.524.31$47
Apr 200160024.685.34$1,481
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 200080031.235.15$2,498
Sep 20000031.875.19$0
Aug 200004829.644.54$218
Jul 200007128.534.09$290
Jun 200001429.304.40$62
May 200013010827.263.68$3,941
Apr 2000011024.513.12$343
Mar 20001106428.422.86$3,309
Feb 2000121527.622.73$3,356
Jan 20001338425.272.48$3,569
Dec 19991328624.282.42$3,413
Nov 199913211623.192.43$3,343
Oct 19992658620.982.80$5,801
Sep 199913119621.752.62$3,363
Aug 199926415719.262.88$5,536
Jul 199938111817.892.37$7,096
Jun 199926513715.942.36$4,548
May 199948813315.792.32$8,014
Apr 199933411815.102.21$5,304
Mar 199954516712.471.84$7,103
Feb 19994941289.981.82$5,163
Jan 19992217110.381.90$2,429
Dec 19984781109.201.77$4,593
Nov 199865717710.892.19$7,542
Oct 199874018512.421.97$9,555
Sep 199890219612.592.08$11,764
Aug 199872921211.301.91$8,642
Jul 199888320611.742.24$10,827
Jun 199878818011.242.24$9,260
May 199879220312.622.21$10,443
Apr 199892718513.042.51$12,552
Mar 199879811812.802.31$10,487
Feb 199879916413.952.30$11,523
Jan 199880017614.702.15$12,139
Dec 199779817416.322.41$13,443
Nov 199779420318.193.09$15,070
Oct 199778317019.253.15$15,608
Sep 199778018317.742.95$14,378
Aug 199765615117.862.55$12,102
Jul 199778016317.582.25$14,079
Jun 1997661017.242.26$11,396
May 1997790018.972.31$14,986
Apr 1997664017.882.08$11,872
Mar 1997802018.951.94$15,198
Feb 1997669020.492.21$13,708
Jan 1997879123.483.54$20,642
Dec 199692514723.32$21,571
Nov 199692618821.97$20,344
Oct 199678916123.31$18,392
Sep 199676823822.22$17,065
Aug 199686919320.26$17,606
Jul 199690420019.55$17,673
Jun 199657419418.73$10,751
May 199678816019.43$15,311
Apr 199679718021.51$17,143
Mar 199679519619.38$15,407
Feb 199679722016.98$13,533
Jan 199679516717.07$13,571
Dec 199593218417.19$16,021
Nov 199579218816.00$12,672
Oct 199578921115.43$12,174
Sep 199578622616.18$12,717
Aug 199590020415.92$14,328
Jul 199578521315.24$11,963
Jun 199578721316.41$12,915
May 199592818217.56$16,296
Apr 199579616617.73$14,113
Mar 199580012016.44$13,152
Feb 199578712216.58$13,048
Jan 199592620815.92$14,742
Dec 199479920415.03$12,009
Nov 199492723515.90$14,739
Oct 199489120215.58$13,882
Sep 199478920215.29$12,064
Aug 199478923816.13$12,727
Jul 199490820917.56$15,944
Jun 199477516517.09$13,245
May 199478320315.88$12,434
Apr 199479515114.14$11,241
Mar 199464916312.46$8,087
Feb 199452814012.50$6,600
Jan 199465217712.66$8,254
Dec 199362016312.33$7,645
Nov 199352115714.49$7,549
Oct 199365713615.85$10,413
Sep 199353815515.03$8,086
Aug 199363815115.66$9,991
Jul 199365916015.46$10,188
Jun 199364816816.79$10,880
May 199365313317.68$11,545
Apr 199365914118.05$11,895
Mar 199357714318.14$10,467
Feb 199360711117.90$10,865
Jan 199353213716.93$9,007

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.

Apr 2011 — as filed, then multipliedworked
Oil                   35 bbl  × $105.96 =     $3,709
Casinghead gas         0 Mcf  × $  4.33 =         $0

────────────────────────────────────────────────────
Month total                                   $3,709

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/8723 is the state's own key, not one this site invented.