MIZE,R.B. "K"

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

Operated by HEXAGON OIL AND GAS INC. (P-5 383200) in the BIG SUNDAY CREEK (BIG SALINE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 124119District 7BField 08050200NGPA filingCondensateGasSave Export

Value, all time

$105 k

Jan 1993 – Mar 2025

Value, last 12 filed months

at the published price for each month

Months reported

387

no gaps in the span

Streams

condensate, gas

The BIG SUNDAY CREEK (BIG SALINE) 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 78 leases and 78 wells, and the rule below applies to all of them.

Discovered

1984-11-29

as the register files it

Field class

Gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1993-08-09.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED EFFECTIVE 1/1/95.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
Condensate	Disposition	30 bbl	$494
Gas	Production	41,469 Mcf	$104,954
Total			$105,448

15,453 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.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 32.4172, -98.2608. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.41722, -98.26077 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

4,050 ft

1 wells filed one

Completion to plug

37.8 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 4,050 ft.

Completions filed

May 1987

1 of 1 wells

Plug dates filed

Mar 2025

1 of 1 wells

Last completion to plug: a median of 37.8 years across the 1 well that filed both dates, with the middle half between 37.8 years and 37.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-14330881	1	4,050 ft	May 1987	Mar 2025	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (387)

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

387 months


Mar 2025	0	0	67.70	4.27	$0
Feb 2025	0	0	70.88	4.34	$0
Jan 2025	0	0	74.32	4.28	$0
Dec 2024	0	0	68.99	3.12	$0
Nov 2024	0	0	69.05	2.20	$0
Oct 2024	0	0	71.37	2.28	$0
Sep 2024	0	0	69.61	2.36	$0
Aug 2024	0	0	75.63	2.06	$0
Jul 2024	0	0	79.93	2.15	$0
Jun 2024	0	0	78.08	2.63	$0
May 2024	0	0	78.81	2.20	$0
Apr 2024	0	0	84.45	1.66	$0
Mar 2024	0	0	80.30	1.55	$0
Feb 2024	0	0	76.09	1.78	$0
Jan 2024	0	0	73.02	3.30	$0
Dec 2023	0	0	71.26	2.61	$0
Nov 2023	0	0	77.89	2.81	$0
Oct 2023	0	0	85.44	3.09	$0
Sep 2023	0	0	89.04	2.74	$0
Aug 2023	0	0	80.52	2.67	$0
Jul 2023	0	0	74.85	2.64	$0
Jun 2023	0	0	68.96	2.26	$0
May 2023	0	0	70.62	2.23	$0
Apr 2023	0	0	78.12	2.24	$0
Mar 2023	0	0	72.85	2.39	$0
Feb 2023	0	0	75.11	2.47	$0
Jan 2023	0	0	76.53	3.39	$0
Dec 2022	0	0	76.41	5.73	$0
Nov 2022	0	0	85.00	5.65	$0
Oct 2022	0	0	87.18	5.86	$0
Sep 2022	0	0	84.88	8.16	$0
Aug 2022	0	0	94.52	9.13	$0
Jul 2022	0	0	101.58	7.54	$0
Jun 2022	0	0	115.09	7.98	$0
May 2022	0	0	109.37	8.43	$0
Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	25	42.89	2.93	$73
Feb 2015	0	50	44.66	2.98	$149
Jan 2015	0	46	43.43	3.10	$143
Dec 2014	0	68	54.69	3.59	$244
Nov 2014	0	16	70.46	4.25	$68
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	28	89.39	4.04	$113
Jul 2014	0	62	96.56	4.18	$259
Jun 2014	0	68	98.16	4.74	$322
May 2014	0	62	94.73	4.73	$293
Apr 2014	0	66	95.94	4.81	$317
Mar 2014	0	45	95.89	5.06	$228
Feb 2014	0	46	97.40	6.19	$285
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	31	88.85	3.74	$116
Oct 2013	0	42	97.42	3.78	$159
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	21	104.25	3.52	$74
Jul 2013	0	33	102.52	3.72	$123
Jun 2013	0	60	94.40	3.93	$236
May 2013	0	86	94.83	4.15	$357
Apr 2013	0	3	93.96	4.28	$13
Mar 2013	0	4	93.62	3.91	$16
Feb 2013	0	5	91.23	3.42	$17
Jan 2013	0	17	91.60	3.42	$58
Dec 2012	0	25	86.77	3.42	$86
Nov 2012	0	50	86.95	3.62	$181
Oct 2012	0	61	89.38	3.40	$207
Sep 2012	0	40	94.67	2.92	$117
Aug 2012	0	57	92.66	2.91	$166
Jul 2012	0	62	85.13	3.02	$187
Jun 2012	0	19	79.82	2.52	$48
May 2012	0	28	91.61	2.49	$70
Apr 2012	0	1	101.65	2.00	$2
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	10	101.10	2.57	$26
Jan 2012	0	48	98.09	2.73	$131
Dec 2011	0	48	96.87	3.24	$156
Nov 2011	0	61	95.72	3.31	$202
Oct 2011	0	63	84.98	3.65	$230
Sep 2011	0	62	83.62	3.99	$247
Aug 2011	0	59	83.40	4.15	$245
Jul 2011	0	62	94.14	4.52	$280
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	61	98.13	4.40	$269
Apr 2011	0	46	105.96	4.33	$199
Mar 2011	0	15	96.36	4.06	$61
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	8	86.50	4.59	$37
Dec 2010	0	20	85.73	4.35	$87
Nov 2010	0	21	80.84	3.80	$80
Oct 2010	0	24	78.10	3.51	$84
Sep 2010	0	32	72.63	3.98	$127
Aug 2010	0	19	73.68	4.42	$84
Jul 2010	0	14	72.55	4.74	$66
Jun 2010	0	28	70.36	4.91	$137
May 2010	0	25	71.12	4.24	$106
Apr 2010	0	30	81.69	4.12	$124
Mar 2010	0	64	78.39	4.39	$281
Feb 2010	0	56	73.58	5.44	$305
Jan 2010	0	51	74.36	5.96	$304
Dec 2009	0	62	71.44	5.48	$340
Nov 2009	0	46	74.59	3.75	$173
Oct 2009	0	49	72.54	4.11	$201
Sep 2009	0	47	65.54	3.06	$144
Aug 2009	0	73	67.42	3.22	$235
Jul 2009	0	37	61.13	3.46	$128
Jun 2009	0	37	66.16	3.90	$144
May 2009	0	48	54.74	3.93	$188
Apr 2009	0	60	46.77	3.59	$215
Mar 2009	0	62	42.14	4.06	$252
Feb 2009	0	51	32.81	4.63	$236
Jan 2009	0	60	35.86	5.37	$322
Dec 2008	0	83	37.10	5.98	$496
Nov 2008	0	72	55.49	6.86	$494
Oct 2008	0	93	75.24	6.92	$644
Sep 2008	0	65	101.76	7.88	$512
Aug 2008	0	61	114.22	8.48	$517
Jul 2008	0	68	131.08	11.39	$774
Jun 2008	0	83	131.33	13.03	$1,082
May 2008	0	88	123.17	11.57	$1,019
Apr 2008	0	85	110.31	10.45	$889
Mar 2008	0	95	101.90	9.66	$918
Feb 2008	0	70	92.53	8.77	$614
Jan 2008	0	79	90.38	8.21	$648
Dec 2007	0	72	88.33	7.30	$526
Nov 2007	0	76	91.67	7.29	$554
Oct 2007	0	82	82.85	6.92	$568
Sep 2007	0	51	75.84	6.24	$318
Aug 2007	0	48	69.06	6.39	$307
Jul 2007	0	66	70.90	6.39	$422
Jun 2007	0	71	62.00	7.55	$536
May 2007	0	63	58.74	7.85	$494
Apr 2007	0	66	59.61	7.81	$515
Mar 2007	0	79	56.92	7.30	$577
Feb 2007	0	74	55.10	8.22	$608
Jan 2007	0	95	50.30	6.73	$639
Dec 2006	0	95	56.65	6.92	$657
Nov 2006	0	82	54.20	7.62	$625
Oct 2006	0	82	54.90	6.01	$493
Sep 2006	0	68	60.08	5.04	$343
Aug 2006	0	69	68.71	7.34	$506
Jul 2006	0	63	69.37	6.34	$400
Jun 2006	0	82	66.28	6.38	$523
May 2006	0	102	66.01	6.42	$655
Apr 2006	0	85	64.39	7.36	$626
Mar 2006	0	89	56.70	7.08	$630
Feb 2006	0	82	57.59	7.75	$636
Jan 2006	0	97	60.59	8.93	$867
Dec 2005	0	79	54.94	13.42	$1,060
Nov 2005	0	82	54.69	10.59	$868
Oct 2005	0	89	58.34	13.80	$1,228
Sep 2005	0	95	61.45	12.08	$1,148
Aug 2005	0	99	61.51	9.80	$970
Jul 2005	0	88	55.69	7.84	$690
Jun 2005	0	88	52.33	7.38	$650
May 2005	0	102	45.22	6.65	$678
Apr 2005	0	99	49.20	7.36	$729
Mar 2005	0	96	50.37	7.15	$687
Feb 2005	0	105	45.22	6.31	$663
Jan 2005	0	91	43.16	6.32	$575
Dec 2004	0	109	39.86	6.75	$736
Nov 2004	0	84	45.28	6.33	$532
Oct 2004	0	102	49.70	6.52	$665
Sep 2004	0	89	43.24	5.28	$470
Aug 2004	0	91	42.37	5.55	$505
Jul 2004	0	92	38.28	6.08	$560
Jun 2004	0	122	36.10	6.43	$785
May 2004	0	105	37.48	6.49	$682
Apr 2004	0	114	34.47	5.86	$668
Mar 2004	0	108	34.36	5.53	$597
Feb 2004	0	90	32.45	5.51	$496
Jan 2004	0	86	32.03	6.30	$542
Dec 2003	0	85	30.26	6.30	$536
Nov 2003	0	81	28.80	4.60	$372
Oct 2003	0	91	28.17	4.76	$433
Sep 2003	0	80	26.31	4.75	$380
Aug 2003	0	86	29.76	5.13	$441
Jul 2003	0	95	29.41	5.17	$491
Jun 2003	0	90	28.56	5.98	$538
May 2003	0	99	26.59	5.97	$591
Apr 2003	0	95	26.67	5.41	$514
Mar 2003	0	92	31.14	6.10	$561
Feb 2003	0	87	33.48	7.93	$690
Jan 2003	0	92	30.31	5.58	$514
Dec 2002	0	103	26.91	4.85	$500
Nov 2002	0	118	24.66	4.14	$488
Oct 2002	0	116	26.46	4.23	$491
Sep 2002	0	106	27.44	3.64	$385
Aug 2002	0	102	25.96	3.16	$323
Jul 2002	0	111	24.58	3.06	$340
Jun 2002	0	111	23.73	3.34	$371
May 2002	0	115	24.66	3.58	$412
Apr 2002	0	105	23.65	3.51	$369
Mar 2002	0	109	22.00	3.10	$338
Feb 2002	0	101	18.22	2.38	$240
Jan 2002	0	113	17.17	2.38	$268
Dec 2001	0	107	16.93	2.36	$253
Nov 2001	0	107	18.07	2.41	$257
Oct 2001	0	99	19.78	2.53	$250
Sep 2001	0	116	24.26	2.25	$261
Aug 2001	0	127	24.87	3.05	$388
Jul 2001	0	126	23.93	3.20	$403
Jun 2001	0	124	24.56	3.82	$474
May 2001	0	138	25.52	4.31	$594
Apr 2001	0	136	24.68	5.34	$726
Mar 2001	0	148	24.54	5.38	$796
Feb 2001	0	134	27.75	5.77	$773
Jan 2001	0	153	27.47	8.40	$1,285
Dec 2000	0	155	26.88	9.12	$1,414
Nov 2000	0	145	32.21	5.66	$820
Oct 2000	0	157	31.23	5.15	$808
Sep 2000	0	162	31.87	5.19	$840
Aug 2000	0	181	29.64	4.54	$822
Jul 2000	0	175	28.53	4.09	$716
Jun 2000	0	213	29.30	4.40	$937
May 2000	0	244	27.26	3.68	$898
Apr 2000	0	306	24.51	3.12	$954
Mar 2000	0	327	28.42	2.86	$935
Feb 2000	0	275	27.62	2.73	$750
Jan 2000	0	331	25.27	2.48	$821
Dec 1999	0	294	24.28	2.42	$713
Nov 1999	0	320	23.19	2.43	$779
Oct 1999	0	342	20.98	2.80	$959
Sep 1999	0	407	21.75	2.62	$1,066
Aug 1999	1	367	19.26	2.88	$1,075
Jul 1999	0	371	17.89	2.37	$880
Jun 1999	0	270	15.94	2.36	$638
May 1999	0	267	15.79	2.32	$620
Apr 1999	0	285	15.10	2.21	$629
Mar 1999	0	292	12.47	1.84	$537
Feb 1999	0	348	9.98	1.82	$633
Jan 1999	1	419	10.38	1.90	$806
Dec 1998	0	410	9.20	1.77	$727
Nov 1998	0	376	10.89	2.19	$822
Oct 1998	0	417	12.42	1.97	$821
Sep 1998	0	387	12.59	2.08	$806
Aug 1998	0	554	11.30	1.91	$1,057
Jul 1998	0	544	11.74	2.24	$1,217
Jun 1998	0	154	11.24	2.24	$345
May 1998	0	47	12.62	2.21	$104
Apr 1998	0	162	13.04	2.51	$406
Mar 1998	0	264	12.80	2.31	$610
Feb 1998	0	327	13.95	2.30	$752
Jan 1998	0	54	14.70	2.15	$116
Dec 1997	0	273	16.32	2.41	$658
Nov 1997	0	519	18.19	3.09	$1,603
Oct 1997	0	254	19.25	3.15	$800
Sep 1997	0	288	17.74	2.95	$851
Aug 1997	0	301	17.86	2.55	$769
Jul 1997	0	268	17.58	2.25	$602
Jun 1997	0	291	17.24	2.26	$657
May 1997	0	283	18.97	2.31	$653
Apr 1997	0	276	17.88	2.08	$575
Mar 1997	0	323	18.95	1.94	$626
Feb 1997	0	432	20.49	2.21	$953
Jan 1997	0	389	23.48	3.54	$1,377
Dec 1996	0	266	23.32	—	$0
Nov 1996	0	313	21.97	—	$0
Oct 1996	0	329	23.31	—	$0
Sep 1996	0	342	22.22	—	$0
Aug 1996	0	378	20.26	—	$0
Jul 1996	0	403	19.55	—	$0
Jun 1996	0	298	18.73	—	$0
May 1996	0	460	19.43	—	$0
Apr 1996	0	244	21.51	—	$0
Mar 1996	0	275	19.38	—	$0
Feb 1996	0	264	16.98	—	$0
Jan 1996	0	332	17.07	—	$0
Dec 1995	0	437	17.19	—	$0
Nov 1995	0	292	16.00	—	$0
Oct 1995	0	373	15.43	—	$0
Sep 1995	0	274	16.18	—	$0
Aug 1995	0	318	15.92	—	$0
Jul 1995	0	420	15.24	—	$0
Jun 1995	0	120	16.41	—	$0
May 1995	0	180	17.56	—	$0
Apr 1995	0	209	17.73	—	$0
Mar 1995	0	173	16.44	—	$0
Feb 1995	28	200	16.58	—	$464
Jan 1995	0	196	15.92	—	$0
Dec 1994	0	227	15.03	—	$0
Nov 1994	0	259	15.90	—	$0
Oct 1994	0	268	15.58	—	$0
Sep 1994	0	311	15.29	—	$0
Aug 1994	0	417	16.13	—	$0
Jul 1994	0	323	17.56	—	$0
Jun 1994	0	357	17.09	—	$0
May 1994	0	377	15.88	—	$0
Apr 1994	0	335	14.14	—	$0
Mar 1994	0	436	12.46	—	$0
Feb 1994	0	401	12.50	—	$0
Jan 1994	0	371	12.66	—	$0
Dec 1993	0	334	12.33	—	$0
Nov 1993	0	332	14.49	—	$0
Oct 1993	0	301	15.85	—	$0
Sep 1993	0	406	15.03	—	$0
Aug 1993	0	351	15.66	—	$0
Jul 1993	0	322	15.46	—	$0
Jun 1993	0	305	16.79	—	$0
May 1993	0	325	17.68	—	$0
Apr 1993	0	340	18.05	—	$0
Mar 1993	0	405	18.14	—	$0
Feb 1993	0	354	17.90	—	$0
Jan 1993	0	500	16.93	—	$0

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 2015 — as filed, then multipliedworked

Condensate             0 bbl  × $ 42.89 =         $0
Gas                   25 Mcf  × $  2.93 =        $73

────────────────────────────────────────────────────
Month total                                      $73

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. 7B/G/124119 is the state's own key, not one this site invented.