TIPPETT, JUNE "7"

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

Oil lease lease 10968District 7CField 70279500OilCasinghead gasSaveExport
Value, all time
$4.6 M
Jan 1993 – Sep 2015
Value, last 12 filed months
$0
at the published price for each month
Months reported
273
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 16 leases and 162 wells, and the rule below applies to all of them.

Discovered
1951-04-08
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
550 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1954-05-25.

The Commission's schedule remark for this field reads: PEGASUS (CONSOLIDATED).

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
OilDisposition58,951 bbl$2,127,595
Casinghead gasProduction916,676 Mcf$2,438,411
Total$4,566,006

372,831 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 (273)

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

273 months

Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20131082,40293.623.91$19,510
Feb 20131032,17891.233.42$16,845
Jan 2013144091.603.42$13,190
Dec 20121332,31086.773.42$19,441
Nov 20121762,28286.953.62$23,575
Oct 20121802,32189.383.40$23,979
Sep 20121772,56094.672.92$24,228
Aug 20122902,87692.662.91$35,235
Jul 20121902,59885.133.02$24,023
Jun 20121412,33479.822.52$17,134
May 20121831,81391.612.49$21,276
Apr 20125012,378101.652.00$55,675
Mar 201260105.052.22$630
Feb 20121221,001101.102.57$14,907
Jan 20122242,72598.092.73$29,423
Dec 20112252,68096.873.24$30,478
Nov 20111473,14795.723.31$24,491
Oct 20111563,22484.983.65$25,020
Sep 20111783,10783.623.99$27,268
Aug 20112713,15183.404.15$35,676
Jul 20111733,07894.144.52$30,190
Jun 20111712,99392.904.64$29,773
May 20111173,04798.134.40$24,903
Apr 2011432,932105.964.33$17,261
Mar 20112473,01696.364.06$36,038
Feb 20112442,58785.644.18$31,710
Jan 20114793,15586.504.59$55,911
Dec 20104853,27385.734.35$55,809
Nov 20104683,48980.843.80$51,075
Oct 20106163,42578.103.51$60,128
Sep 20103185,16172.633.98$43,634
Aug 20102025,14573.684.42$37,621
Jul 2010211072.554.74$15,308
Jun 20107070.364.91$493
May 20101713,93671.124.24$28,831
Apr 20101463,88781.694.12$27,952
Mar 20102452378.394.39$4,177
Feb 20101524,18273.585.44$33,944
Jan 20101624,12474.365.96$36,642
Dec 20091733,72571.445.48$32,786
Nov 20091754,17074.593.75$28,697
Oct 20091735,37872.544.11$34,654
Sep 200913271965.543.06$10,855
Aug 20091193,32367.423.22$18,718
Jul 20091414,28661.133.46$23,468
Jun 20091263,99066.163.90$23,877
May 20091484,28154.743.93$24,908
Apr 20091233,98246.773.59$20,038
Mar 20091134,16842.144.06$21,680
Feb 2009533,41832.814.63$17,575
Jan 200905,84735.865.37$31,404
Dec 200803,98137.105.98$23,795
Nov 200803,45955.496.86$23,730
Oct 200805,47075.246.92$37,863
Sep 200810101.767.88$102
Aug 2008292,884114.228.48$27,777
Jul 20081025,521131.0811.39$76,251
Jun 20081285,775131.3313.03$92,074
May 20081216,721123.1711.57$92,694
Apr 20081037,309110.3110.45$87,777
Mar 20081917,483101.909.66$91,779
Feb 20081816,45592.538.77$73,362
Jan 2008776,34190.388.21$58,992
Dec 20071336,58788.337.30$59,846
Nov 20071043,60191.677.29$35,791
Oct 20071063,94182.856.92$36,062
Sep 2007994,11775.846.24$33,215
Aug 20072371,29669.066.39$24,646
Jul 20072101,19570.906.39$22,523
Jun 200716041262.007.55$13,030
May 20072151,24158.747.85$22,366
Apr 20071871,38659.617.81$21,965
Mar 200717382456.927.30$15,864
Feb 200716559555.108.22$13,980
Jan 200715319050.306.73$8,974
Dec 200617249956.656.92$13,196
Nov 200617669254.207.62$14,811
Oct 200619385254.906.01$15,719
Sep 200618787960.085.04$15,663
Aug 200617887268.717.34$18,631
Jul 200615090569.376.34$16,146
Jun 200615189166.286.38$15,696
May 200614989966.016.42$15,612
Apr 20061251,01264.397.36$15,498
Mar 200611084756.707.08$12,236
Feb 200611181457.597.75$12,702
Jan 200612392360.598.93$15,698
Dec 200512799654.9413.42$20,339
Nov 200513296954.6910.59$17,479
Oct 200517594058.3413.80$23,178
Sep 20057764361.4512.08$12,498
Aug 20058164061.519.80$11,252
Jul 20058163155.697.84$9,460
Jun 20057565452.337.38$8,752
May 20058041045.226.65$6,345
Apr 20058242649.207.36$7,170
Mar 200520652450.377.15$14,125
Feb 200517945745.226.31$10,979
Jan 200520551143.166.32$12,078
Dec 200420047539.866.75$11,179
Nov 200420048845.286.33$12,145
Oct 200420458649.706.52$13,957
Sep 200422558443.245.28$12,815
Aug 200422060942.375.55$12,702
Jul 200414295638.286.08$11,252
Jun 20041881,01836.106.43$13,336
May 200420694337.486.49$13,845
Apr 200420694934.475.86$12,661
Mar 200424399834.365.53$13,869
Feb 200424085432.455.51$12,493
Jan 200423694032.036.30$13,481
Dec 200318993030.266.30$11,580
Nov 200323592428.804.60$11,014
Oct 20032761,12028.174.76$13,106
Sep 200324896426.314.75$11,103
Aug 20032631,02829.765.13$13,100
Jul 20032821,43829.415.17$15,729
Jun 200328167028.565.98$12,034
May 200331672026.595.97$12,703
Apr 20033651,74026.675.41$19,143
Mar 200328963231.146.10$12,852
Feb 20032521,67233.487.93$21,689
Jan 20032742,44330.315.58$21,942
Dec 20022992,11226.914.85$18,297
Nov 20022771,93724.664.14$14,844
Oct 20022672,27126.464.23$16,669
Sep 20022332,53427.443.64$15,605
Aug 20021593,23625.963.16$14,367
Jul 200229155024.583.06$8,837
Jun 20024181,17423.733.34$13,838
May 200232851224.663.58$9,923
Apr 20023692,87823.653.51$18,835
Mar 20023452,59722.003.10$15,648
Feb 20023372,02718.222.38$10,956
Jan 20023701,76217.172.38$10,539
Dec 20013071,13716.932.36$7,886
Nov 20012621,40518.072.41$8,114
Oct 20012531,00619.782.53$7,548
Sep 20012641,10024.262.25$8,881
Aug 20012621,10924.873.05$9,902
Jul 20012651,01423.933.20$9,583
Jun 2001761,07524.563.82$5,978
May 2001873,06425.524.31$15,418
Apr 20014342,70524.685.34$25,143
Mar 20013403,93124.545.38$29,478
Feb 20013361,25427.755.77$16,556
Jan 20013871,62727.478.40$24,296
Dec 20004083,36526.889.12$41,664
Nov 20002003,36532.215.66$25,481
Oct 20002404,31231.235.15$29,683
Sep 20001623,79631.875.19$24,851
Aug 20001203,56829.644.54$19,758
Jul 20001243,27828.534.09$16,944
Jun 20001443,86629.304.40$21,219
May 20002614,87127.263.68$25,039
Apr 20003394,46924.513.12$22,234
Mar 20004254,06328.422.86$23,698
Feb 20004464,72127.622.73$25,190
Jan 20005206,28025.272.48$28,718
Dec 19998068,58724.282.42$40,382
Nov 19998129,15023.192.43$41,101
Oct 19998789,27420.982.80$44,422
Sep 19997819,01521.752.62$40,596
Aug 19996996,93919.262.88$33,417
Jul 19993613,35117.892.37$14,408
Jun 19994183,30815.942.36$14,477
May 19993844,15715.792.32$15,712
Apr 19992263,84915.102.21$11,911
Mar 19991953,62712.471.84$9,099
Feb 19991603,0449.981.82$7,130
Jan 19991744,35110.381.90$10,073
Dec 19984893,5289.201.77$10,755
Nov 19983203,93810.892.19$12,092
Oct 19983604,24712.421.97$12,834
Sep 19981864,18512.592.08$11,058
Aug 19981734,05111.301.91$9,682
Jul 19984104,34011.742.24$14,523
Jun 19981164,58911.242.24$11,571
May 19983614,26212.622.21$13,959
Apr 1998193513.042.51$2,529
Mar 199804,30312.802.31$9,938
Feb 19984853,86913.952.30$15,661
Jan 199814,37514.702.15$9,442
Dec 19971884,25816.322.41$13,335
Nov 19971934,23318.193.09$16,583
Oct 19973684,54119.253.15$21,387
Sep 19971894,60317.742.95$16,954
Aug 19971984,61417.862.55$15,324
Jul 19971924,75417.582.25$14,057
Jun 19971874,69217.242.26$13,815
May 19972635,11418.972.31$16,795
Apr 19974414,94417.882.08$18,182
Mar 19974945,23118.951.94$19,505
Feb 1997514,91920.492.21$11,896
Jan 19974234,94923.483.54$27,450
Dec 1996794,86023.32$1,842
Nov 19964554,61421.97$9,996
Oct 19961915,29623.31$4,452
Sep 19964626,92922.22$10,266
Aug 19961116,64620.26$2,249
Jul 19963517,09019.55$6,862
Jun 19962805,52518.73$5,244
May 19964856,37119.43$9,424
Apr 19961316,71121.51$2,818
Mar 19965406,71119.38$10,465
Feb 19961396,14116.98$2,360
Jan 19964975,97117.07$8,484
Dec 1995335,75217.19$567
Nov 19954185,68816.00$6,688
Oct 1995726,07315.43$1,111
Sep 19954255,87216.18$6,877
Aug 1995526,33915.92$828
Jul 19954046,90515.24$6,157
Jun 1995677,52016.41$1,099
May 19954227,86517.56$7,410
Apr 1995577,95517.73$1,011
Mar 19954537,84416.44$7,447
Feb 1995436,46216.58$713
Jan 19953997,43415.92$6,352
Dec 19944788,91615.03$7,184
Nov 1994758,76015.90$1,193
Oct 19944298,48215.58$6,684
Sep 19941098,86315.29$1,667
Aug 19944739,21916.13$7,629
Jul 1994769,94817.56$1,335
Jun 19944788,11817.09$8,169
May 19941079,67315.88$1,699
Apr 19944419,42414.14$6,236
Mar 19945039,54312.46$6,267
Feb 19941498,68112.50$1,863
Jan 19945269,58612.66$6,659
Dec 19931858,95112.33$2,281
Nov 19933767,31614.49$5,448
Oct 1993759,87215.85$1,189
Sep 19934929,70715.03$7,395
Aug 19934919,77215.66$7,689
Jul 19931219,54415.46$1,871
Jun 19934799,12116.79$8,042
May 19934869,48117.68$8,592
Apr 19934969,16018.05$8,953
Mar 19931488,61418.14$2,685
Feb 19935038,45217.90$9,004
Jan 19936129,05416.93$10,361

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 2013 — as filed, then multipliedworked
Oil                  108 bbl  × $ 93.62 =    $10,111
Casinghead gas     2,402 Mcf  × $  3.91 =     $9,399

────────────────────────────────────────────────────
Month total                                  $19,510

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. 7C/O/10968 is the state's own key, not one this site invented.