YOUNG, FANNIE

Operated by SKY DEVELOPMENT CORPORATION (P-5 786370) in the RICKELS (CONGLOMERATE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 22242District 7BField 76529166OilCasinghead gasSaveExport
Value, all time
$506 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
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 39 leases and 54 wells, and the rule below applies to all of them.

Discovered
1953-10-19
as the register files it
Field class
Oil and gas
the register's own label
Between wells
800 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres.

The Commission's schedule remark for this field reads: NET GOR 500 MCF/DAY PER DKT 7B-54,637 EFF 2/1/75

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
OilDisposition2,737 bbl$51,444
Casinghead gasProduction203,237 Mcf$454,587
Total$506,030

58,280 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 (183)

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

183 months

Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
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 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
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 20050045.226.31$0
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 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 2002140022.003.10$3,080
Feb 20020018.222.38$0
Jan 200201,70317.172.38$4,046
Dec 200101,77516.932.36$4,197
Nov 200101,75518.072.41$4,222
Oct 200101,82619.782.53$4,618
Sep 200101,79124.262.25$4,032
Aug 200101,82224.873.05$5,563
Jul 200101,96423.933.20$6,279
Jun 200121,82324.563.82$7,021
May 200102,04125.524.31$8,791
Apr 200102,07124.685.34$11,049
Mar 200102,71624.545.38$14,602
Feb 200102,50527.755.77$14,447
Jan 200102,65327.478.40$22,282
Dec 200002,71026.889.12$24,722
Nov 20001122,64632.215.66$18,579
Oct 200002,76631.235.15$14,232
Sep 200002,65131.875.19$13,749
Aug 200002,70829.644.54$12,296
Jul 200002,70228.534.09$11,051
Jun 200002,60429.304.40$11,450
May 20001312,30827.263.68$12,064
Apr 200002,50724.513.12$7,812
Mar 200002,62328.422.86$7,501
Feb 200002,46627.622.73$6,724
Jan 200002,63225.272.48$6,529
Dec 199902,62024.282.42$6,350
Nov 1999742,51523.192.43$7,838
Oct 199902,56320.982.80$7,186
Sep 199902,45321.752.62$6,424
Aug 199902,38119.262.88$6,847
Jul 19991002,60117.892.37$7,960
Jun 19991722,23915.942.36$8,030
May 199902,43015.792.32$5,640
Apr 199902,50615.102.21$5,533
Mar 199902,68812.471.84$4,941
Feb 199902,4499.981.82$4,452
Jan 199902,71810.381.90$5,164
Dec 199802,6829.201.77$4,756
Nov 199802,44210.892.19$5,338
Oct 199802,66912.421.97$5,256
Sep 199802,59012.592.08$5,394
Aug 199802,64711.301.91$5,049
Jul 19981082,59711.742.24$7,078
Jun 199802,52911.242.24$5,658
May 199802,68012.622.21$5,913
Apr 199802,42013.042.51$6,063
Mar 19981092,29312.802.31$6,691
Feb 199802,27313.952.30$5,226
Jan 199802,53914.702.15$5,471
Dec 199702,48916.322.41$6,001
Nov 199702,44818.193.09$7,560
Oct 19971722,48719.253.15$11,145
Sep 199702,41317.742.95$7,130
Aug 19970017.862.55$0
Jul 199702,52517.582.25$5,674
Jun 199702,45417.242.26$5,539
May 19971072,43718.972.31$7,656
Apr 199702,37417.882.08$4,945
Mar 199702,00518.951.94$3,888
Feb 199702,55020.492.21$5,625
Jan 19971092,48323.483.54$11,348
Dec 199602,19423.32$0
Nov 199602,25521.97$0
Oct 1996812,52923.31$1,888
Sep 199602,14322.22$0
Aug 1996942,56220.26$1,904
Jul 199602,01919.55$0
Jun 19961291,95518.73$2,416
May 199602,18419.43$0
Apr 199601,81421.51$0
Mar 199602,18519.38$0
Feb 19961751,62316.98$2,972
Jan 199601,61717.07$0
Dec 199501,54617.19$0
Nov 19951301,67416.00$2,080
Oct 199501,19615.43$0
Sep 199501,23516.18$0
Aug 19952691,36715.92$4,282
Jul 199501,11215.24$0
Jun 199501,16116.41$0
May 199501,39017.56$0
Apr 1995045417.73$0
Mar 1995079816.44$0
Feb 19959778216.58$1,608
Jan 199501,13215.92$0
Dec 199403,29015.03$0
Nov 1994034415.90$0
Oct 1994036315.58$0
Sep 1994037015.29$0
Aug 1994040616.13$0
Jul 1994035517.56$0
Jun 1994045917.09$0
May 1994040615.88$0
Apr 1994045414.14$0
Mar 1994050012.46$0
Feb 1994048812.50$0
Jan 1994047212.66$0
Dec 1993058912.33$0
Nov 1993040614.49$0
Oct 199301315.85$0
Sep 199303915.03$0
Aug 1993098815.66$0
Jul 19931451,53715.46$2,242
Jun 199301,75316.79$0
May 199301,31817.68$0
Apr 19931571,59618.05$2,834
Mar 199301,12418.14$0
Feb 199301,09517.90$0
Jan 199312498816.93$2,099

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 2002 — as filed, then multipliedworked
Oil                  140 bbl  × $ 22.00 =     $3,080
Casinghead gas         0 Mcf  × $  3.10 =         $0

────────────────────────────────────────────────────
Month total                                   $3,080

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/O/22242 is the state's own key, not one this site invented.