RICHARDSON, T. J.

Operated by APACHE CORPORATION (P-5 27200) in the KATZ field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26707District 7BField 48294001OilCasinghead gasSaveExport
Value, all time
$6.5 M
Jan 1993 – May 2010
Value, last 12 filed months
$36 k
at the published price for each month
Months reported
209
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 44 leases and 269 wells, and the rule below applies to all of them.

Discovered
1951-01-21
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres.

The Commission's schedule remark for this field reads: INTO THE KATZ (STRAWN).

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
OilDisposition274,772 bbl$6,469,059
Casinghead gasProduction1,583 Mcf$1,859
Total$6,470,918

836 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 (209)

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

209 months

May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 200988074.593.75$6,564
Oct 2009100072.544.11$7,254
Sep 200954065.543.06$3,539
Aug 2009118067.423.22$7,956
Jul 2009125061.133.46$7,641
Jun 200945066.163.90$2,977
May 2009150054.743.93$8,211
Apr 2009111046.773.59$5,191
Mar 2009128042.144.06$5,394
Feb 2009158032.814.63$5,184
Jan 2009155035.865.37$5,558
Dec 2008305037.105.98$11,316
Nov 2008262055.496.86$14,538
Oct 200859075.246.92$4,439
Sep 20082170101.767.88$22,082
Aug 20082010114.228.48$22,958
Jul 20082570131.0811.39$33,688
Jun 20082060131.3313.03$27,054
May 20082400123.1711.57$29,561
Apr 20081870110.3110.45$20,628
Mar 20082820101.909.66$28,736
Feb 2008144092.538.77$13,324
Jan 2008224090.388.21$20,245
Dec 2007153088.337.30$13,514
Nov 2007141091.677.29$12,925
Oct 2007254082.856.92$21,044
Sep 2007112075.846.24$8,494
Aug 2007146069.066.39$10,083
Jul 2007173070.906.39$12,266
Jun 200743062.007.55$2,666
May 200793058.747.85$5,463
Apr 2007195059.617.81$11,624
Mar 2007275056.927.30$15,653
Feb 2007143055.108.22$7,879
Jan 2007141050.306.73$7,092
Dec 2006208056.656.92$11,783
Nov 2006216054.207.62$11,707
Oct 2006248054.906.01$13,615
Sep 2006207060.085.04$12,437
Aug 2006211068.717.34$14,498
Jul 2006210069.376.34$14,568
Jun 2006267066.286.38$17,697
May 2006309066.016.42$20,397
Apr 2006269064.397.36$17,321
Mar 2006325056.707.08$18,428
Feb 2006358057.597.75$20,617
Jan 2006447060.598.93$27,084
Dec 2005563054.9413.42$30,931
Nov 2005513054.6910.59$28,056
Oct 2005541058.3413.80$31,562
Sep 2005405061.4512.08$24,887
Aug 2005254061.519.80$15,624
Jul 2005395055.697.84$21,998
Jun 2005400052.337.38$20,932
May 2005440045.226.65$19,897
Apr 2005369049.207.36$18,155
Mar 2005520050.377.15$26,192
Feb 2005324045.226.31$14,651
Jan 2005456043.166.32$19,681
Dec 2004645039.866.75$25,710
Nov 2004152045.286.33$6,883
Oct 2004558049.706.52$27,733
Sep 2004591043.245.28$25,555
Aug 2004601042.375.55$25,464
Jul 2004756038.286.08$28,940
Jun 2004754036.106.43$27,219
May 2004968037.486.49$36,281
Apr 20041,067034.475.86$36,779
Mar 20041,427034.365.53$49,032
Feb 2004897032.455.51$29,108
Jan 20041,632032.036.30$52,273
Dec 20031,408030.266.30$42,606
Nov 20031,455028.804.60$41,904
Oct 20031,725028.174.76$48,593
Sep 20031,296026.314.75$34,098
Aug 20031,695029.765.13$50,443
Jul 20031,777029.415.17$52,262
Jun 20031,935028.565.98$55,264
May 20032,263026.595.97$60,173
Apr 20032,250026.675.41$60,008
Mar 20032,756031.146.10$85,822
Feb 20032,420033.487.93$81,022
Jan 20032,959030.315.58$89,687
Dec 20022,487026.914.85$66,925
Nov 20022,780024.664.14$68,555
Oct 20022,097026.464.23$55,487
Sep 20021,764027.443.64$48,404
Aug 20021,686025.963.16$43,769
Jul 20021,689024.583.06$41,516
Jun 20021,756023.733.34$41,670
May 20021,778024.663.58$43,845
Apr 20021,610023.653.51$38,077
Mar 20021,708022.003.10$37,576
Feb 20021,457018.222.38$26,547
Jan 20022,063017.172.38$35,422
Dec 20012,329016.932.36$39,430
Nov 20012,079018.072.41$37,568
Oct 20012,322019.782.53$45,929
Sep 20012,005024.262.25$48,641
Aug 20012,341024.873.05$58,221
Jul 20012,065023.933.20$49,415
Jun 20012,320024.563.82$56,979
May 20012,813025.524.31$71,788
Apr 20012,676024.685.34$66,044
Mar 20012,617024.545.38$64,221
Feb 20012,786027.755.77$77,312
Jan 20013,141027.478.40$86,283
Dec 20003,357026.889.12$90,236
Nov 20003,050032.215.66$98,241
Oct 20003,486031.235.15$108,868
Sep 20003,117031.875.19$99,339
Aug 20001,914029.644.54$56,731
Jul 20001,780028.534.09$50,783
Jun 20001,275029.304.40$37,358
May 20001,402027.263.68$38,219
Apr 20002,083024.513.12$51,054
Mar 20002,035028.422.86$57,835
Feb 20002,408027.622.73$66,509
Jan 20002,278025.272.48$57,565
Dec 19993,092024.282.42$75,074
Nov 19992,999023.192.43$69,547
Oct 19992,918020.982.80$61,220
Sep 19992,657021.752.62$57,790
Aug 19992,118019.262.88$40,793
Jul 19992,038017.892.37$36,460
Jun 19992,163015.942.36$34,478
May 19992,240015.792.32$35,370
Apr 19992,152015.102.21$32,495
Mar 19992,315012.471.84$28,868
Feb 19992,09309.981.82$20,888
Jan 19992,320010.381.90$24,082
Dec 19981,93409.201.77$17,793
Nov 19982,098010.892.19$22,847
Oct 19981,989012.421.97$24,703
Sep 19981,502012.592.08$18,910
Aug 19981,364011.301.91$15,413
Jul 19981,492011.742.24$17,516
Jun 19981,521011.242.24$17,096
May 19981,251012.622.21$15,788
Apr 19981,220013.042.51$15,909
Mar 19981,054012.802.31$13,491
Feb 19981,1356013.952.30$15,971
Jan 19981,3084014.702.15$19,314
Dec 19971,2823516.322.41$21,007
Nov 19971,2244518.193.09$22,404
Oct 19971,0863519.253.15$21,016
Sep 19971,163017.742.95$20,632
Aug 19971,55611517.862.55$28,084
Jul 19971,5723717.582.25$27,719
Jun 19971,5476717.242.26$26,822
May 19971,6265518.972.31$30,972
Apr 19971,5326017.882.08$27,517
Mar 19971,6016218.951.94$30,459
Feb 19971,4576020.492.21$29,986
Jan 19971,6137623.483.54$38,142
Dec 19961,5707523.32$36,612
Nov 19961,5107521.97$33,175
Oct 19961,5236523.31$35,501
Sep 19961,4935522.22$33,174
Aug 19961,5243520.26$30,876
Jul 19961,4014019.55$27,390
Jun 19961,4652518.73$27,439
May 19961,4415519.43$27,999
Apr 19961,46910121.51$31,598
Mar 19961,4985419.38$29,031
Feb 19961,4935716.98$25,351
Jan 19961,5201017.07$25,946
Dec 19951,5981017.19$27,470
Nov 19951,5421016.00$24,672
Oct 19951,6061015.43$24,781
Sep 19951,3991016.18$22,636
Aug 19951,3931015.92$22,177
Jul 19951,4461015.24$22,037
Jun 19951,4091016.41$23,122
May 19951,5291017.56$26,849
Apr 19951,5581017.73$27,623
Mar 19951,5191016.44$24,972
Feb 19951,5721016.58$26,064
Jan 19951,6811015.92$26,762
Dec 19941,7161015.03$25,791
Nov 19941,7401015.90$27,666
Oct 19941,8611015.58$28,994
Sep 19941,8951015.29$28,975
Aug 19941,7891016.13$28,857
Jul 19941,887117.56$33,136
Jun 19941,855117.09$31,702
May 19942,029115.88$32,221
Apr 19942,043114.14$28,888
Mar 19942,268112.46$28,259
Feb 19942,172112.50$27,150
Jan 19942,254112.66$28,536
Dec 19932,572112.33$31,713
Nov 19931,754114.49$25,415
Oct 19932,309115.85$36,598
Sep 19932,423115.03$36,418
Aug 19932,620115.66$41,029
Jul 19932,603115.46$40,242
Jun 19931,671116.79$28,056
May 19931,314117.68$23,232
Apr 19931,278118.05$23,068
Mar 19931,284118.14$23,292
Feb 19931,208117.90$21,623
Jan 19931,155116.93$19,554

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.

Nov 2009 — as filed, then multipliedworked
Oil                   88 bbl  × $ 74.59 =     $6,564
Casinghead gas         0 Mcf  × $  3.75 =         $0

────────────────────────────────────────────────────
Month total                                   $6,564

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/26707 is the state's own key, not one this site invented.