CARTER MINERAL TRUST "A"

Operated by QUAIL WELL SERVICE, INC. (P-5 684502) in the SUGGS (ELLENBURGER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 25362District 7BField 87019200Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$905 k
Jan 1993 – Nov 2005
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
155
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 93 leases and 172 wells, and the rule below applies to all of them.

Discovered
1982-02-13
as the register files it
Field class
Oil
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1983-10-31.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: OPT 40 AC UNITS PER DKT 7B-81,192 W/2100'DIAG.

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
OilDisposition38,288 bbl$772,802
Casinghead gasProduction30,523 Mcf$132,000
Total$904,802

36 Mcf of this lease's gas, across 36 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 (155)

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

155 months

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 200565049.207.36$3,198
Mar 2005123050.377.15$6,196
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 20040843.245.28$42
Aug 200401042.375.55$56
Jul 20041736638.286.08$7,024
Jun 200404436.106.43$283
May 200402937.486.49$188
Apr 200425521234.475.86$10,032
Mar 200418112134.365.53$6,888
Feb 200417715832.455.51$6,614
Jan 200418519132.036.30$7,129
Dec 200336522530.266.30$12,463
Nov 200318416528.804.60$6,057
Oct 20033406328.174.76$9,878
Sep 200336213826.314.75$10,180
Aug 200317020529.765.13$6,111
Jul 200333736129.415.17$11,778
Jun 200331935328.565.98$11,223
May 200350046826.595.97$16,090
Apr 200334845126.675.41$11,720
Mar 200335837531.146.10$13,434
Feb 200318522033.487.93$7,937
Jan 200335434330.315.58$12,644
Dec 200236625926.914.85$11,106
Nov 200218230224.664.14$5,737
Oct 200232228226.464.23$9,713
Sep 200214321627.443.64$4,709
Aug 200217226325.963.16$5,297
Jul 20021437724.583.06$3,751
Jun 200216711823.733.34$4,357
May 200218720024.663.58$5,328
Apr 2002531023.653.51$12,558
Mar 2002015722.003.10$487
Feb 200232711818.222.38$6,238
Jan 200218314017.172.38$3,475
Dec 200150716716.932.36$8,978
Nov 2001018018.072.41$433
Oct 200121920219.782.53$4,843
Sep 200118325224.262.25$5,007
Aug 200118150124.873.05$6,031
Jul 200136055723.933.20$10,396
Jun 200136163624.563.82$11,298
May 200118273625.524.31$7,815
Apr 200152483924.685.34$17,409
Mar 20013661,07524.545.38$14,761
Feb 200136489427.755.77$15,257
Jan 200135178627.478.40$16,243
Dec 20001873,00926.889.12$32,476
Nov 200034219432.215.66$12,113
Oct 2000185631.235.15$5,808
Sep 20003616031.875.19$11,816
Aug 200018135529.644.54$6,977
Jul 200032435928.534.09$10,712
Jun 200018340529.304.40$7,143
May 200035040827.263.68$11,042
Apr 200036035424.513.12$9,927
Mar 200053235128.422.86$16,123
Feb 200004127.622.73$112
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 199932811120.982.80$7,193
Sep 199915324721.752.62$3,975
Aug 199903319.262.88$95
Jul 1999517017.892.37$9,249
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 199923379.981.82$2,338
Jan 199918214510.381.90$2,165
Dec 19981831339.201.77$1,919
Nov 199817719510.892.19$2,354
Oct 199834117712.421.97$4,584
Sep 1998178712.592.08$2,256
Aug 19983191011.301.91$3,624
Jul 19983266811.742.24$3,979
Jun 199815916611.242.24$2,159
May 199852340812.622.21$7,500
Apr 199834250613.042.51$5,727
Mar 199835747312.802.31$5,662
Feb 199848968313.952.30$8,392
Jan 199888458514.702.15$14,255
Dec 1997097216.322.41$2,344
Nov 19977111,06518.193.09$16,222
Oct 199752379619.253.15$12,575
Sep 19971,0271,21017.742.95$21,794
Aug 19977041,32417.862.55$15,956
Jul 19971,0351,32917.582.25$21,181
Jun 19978701,13217.242.26$17,554
May 1997313018.972.31$5,938
Apr 1997144017.882.08$2,575
Mar 1997277018.951.94$5,249
Feb 1997154020.492.21$3,155
Jan 1997155023.483.54$3,639
Dec 1996148023.32$3,451
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960117.07$0
Dec 19950117.19$0
Nov 19950116.00$0
Oct 19950115.43$0
Sep 19950116.18$0
Aug 19950015.92$0
Jul 19950115.24$0
Jun 19950116.41$0
May 1995180117.56$3,161
Apr 1995355117.73$6,294
Mar 1995180116.44$2,959
Feb 1995519116.58$8,605
Jan 1995171115.92$2,722
Dec 1994539115.03$8,101
Nov 1994365115.90$5,804
Oct 1994363115.58$5,656
Sep 1994181115.29$2,767
Aug 1994363116.13$5,855
Jul 1994356117.56$6,251
Jun 19941117.09$17
May 1994565115.88$8,972
Apr 1994537114.14$7,593
Mar 1994183112.46$2,280
Feb 1994551112.50$6,888
Jan 1994366112.66$4,634
Dec 1993548112.33$6,757
Nov 1993521114.49$7,549
Oct 1993451115.85$7,148
Sep 1993528115.03$7,936
Aug 1993542115.66$8,488
Jul 1993548115.46$8,472
Jun 1993519116.79$8,714
May 1993528117.68$9,335
Apr 1993431118.05$7,780
Mar 1993635118.14$11,519
Feb 1993491117.90$8,789
Jan 1993712116.93$12,054

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 2005 — as filed, then multipliedworked
Oil                   65 bbl  × $ 49.20 =     $3,198
Casinghead gas         0 Mcf  × $  7.36 =         $0

────────────────────────────────────────────────────
Month total                                   $3,198

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/25362 is the state's own key, not one this site invented.