ORSBORN K

Operated by GREAT AMERICAN RESOURCES INC. (P-5 328354) in the KATZ (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 31961District 7BField 48294600Hydrogen sulphide fieldOilSaveExport
Value, all time
$1.6 M
Mar 2016 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
123
no gaps in the span
Streams
1
oil

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 22 leases and 423 wells, and the rule below applies to all of them.

Discovered
2009-11-03
as the register files it
Field class
Oil
the register's own label
Between wells
0 ft
minimum
From a lease line
150 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2009-11-03.

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: 102 BBLS PER DAY.

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
OilDisposition33,157 bbl$1,607,893
Total$1,607,893

Every month this lease reported (123)

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

123 months

May 20260106.413.05$0
Apr 2026098.932.87$0
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 2025056.664.41$0
Nov 2025058.593.93$0
Oct 2025059.383.30$0
Sep 2025062.743.08$0
Aug 2025063.933.01$0
Jul 2025066.743.32$0
Jun 2025066.483.13$0
May 2025060.553.23$0
Apr 2025062.363.54$0
Mar 2025067.704.27$0
Feb 2025070.884.34$0
Jan 2025074.324.28$0
Dec 2024068.993.12$0
Nov 2024069.052.20$0
Oct 2024071.372.28$0
Sep 2024069.612.36$0
Aug 2024075.632.06$0
Jul 2024079.932.15$0
Jun 2024078.082.63$0
May 2024078.812.20$0
Apr 2024084.451.66$0
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 2024073.023.30$0
Dec 2023071.262.61$0
Nov 2023077.892.81$0
Oct 2023085.443.09$0
Sep 2023089.042.74$0
Aug 2023080.522.67$0
Jul 2023074.852.64$0
Jun 2023068.962.26$0
May 2023070.622.23$0
Apr 2023078.122.24$0
Mar 20236172.852.39$4,444
Feb 2023075.112.47$0
Jan 2023076.533.39$0
Dec 2022076.415.73$0
Nov 2022085.005.65$0
Oct 2022087.185.86$0
Sep 2022084.888.16$0
Aug 2022094.529.13$0
Jul 20220101.587.54$0
Jun 20220115.097.98$0
May 20220109.378.43$0
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 2022091.054.86$0
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 2021077.435.24$0
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 2021066.024.22$0
Jul 2021070.783.98$0
Jun 20219669.493.38$6,671
May 2021063.483.02$0
Apr 2021060.362.76$0
Mar 2021061.302.72$0
Feb 2021057.805.55$0
Jan 2021050.412.81$0
Dec 2020044.642.68$0
Nov 202012838.772.71$4,963
Oct 202010936.972.48$4,030
Sep 202022437.091.99$8,308
Aug 202022639.982.39$9,035
Jul 202021738.371.83$8,326
Jun 202034134.901.69$11,901
May 202023116.921.81$3,909
Apr 202057114.751.80$8,422
Mar 202046330.341.86$14,047
Feb 202045949.881.98$22,895
Jan 202034457.252.09$19,694
Dec 201911659.012.30$6,845
Nov 201946355.302.75$25,604
Oct 201968253.472.42$36,467
Sep 201934155.052.66$18,772
Aug 201922753.112.30$12,056
Jul 201934356.272.46$19,301
Jun 201933652.782.49$17,734
May 201968158.482.74$39,825
Apr 201956662.632.75$35,449
Mar 201957456.803.06$32,603
Feb 201945950.852.79$23,340
Jan 201969246.033.23$31,853
Dec 201881146.594.19$37,784
Nov 201846252.934.24$24,454
Oct 201856661.443.40$34,775
Sep 201834259.543.11$20,363
Aug 201822159.403.07$13,127
Jul 201834065.142.93$22,148
Jun 201833460.183.08$20,100
May 201852965.382.90$34,586
Apr 201872463.842.90$46,220
Mar 201843261.222.79$26,447
Feb 201854061.782.77$33,361
Jan 201854662.874.01$34,327
Dec 201752957.272.92$30,296
Nov 201754355.423.12$30,093
Oct 201762249.292.98$30,658
Sep 201751847.523.09$24,615
Aug 201731445.373.00$14,246
Jul 201783043.873.09$36,412
Jun 201783642.493.09$35,522
May 201783545.373.26$37,884
Apr 201793747.933.21$44,910
Mar 20171,14346.772.98$53,458
Feb 201774050.452.95$37,333
Jan 201762049.413.42$30,634
Dec 201684148.763.72$41,007
Nov 20161,16342.492.64$49,416
Oct 20161,50946.193.09$69,701
Sep 201694141.553.10$39,099
Aug 20161,27841.442.92$52,960
Jul 201695841.622.92$39,872
Jun 20161,46045.352.69$66,211
May 201694942.521.99$40,351
Apr 201679436.561.99$29,029
Mar 2016033.011.79$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 2023 — as filed, then multipliedworked
Oil                   61 bbl  × $ 72.85 =     $4,444

────────────────────────────────────────────────────
Month total                                   $4,444

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/31961 is the state's own key, not one this site invented.