COPELAND, JOHN JR.

Operated by O.G.P. OPERATING, INC. (P-5 617041) in the JAMESON (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11437District 7CField 45580666OilCasinghead gasSaveExport
Value, all time
$402 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 209 leases and 781 wells, and the rule below applies to all of them.

Discovered
1952-01-11
as the register files it
Field class
Oil and gas
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 1959-10-01.

The Commission's schedule remark for this field reads: 640 ACRES

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
OilDisposition9,047 bbl$181,597
Casinghead gasProduction87,640 Mcf$220,082
Total$401,679

30,894 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 2005121061.519.80$7,443
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 2005050345.226.65$3,346
Apr 2005056949.207.36$4,188
Mar 2005058250.377.15$4,164
Feb 2005051245.226.31$3,232
Jan 2005056943.166.32$3,597
Dec 2004057739.866.75$3,895
Nov 2004056145.286.33$3,551
Oct 2004057449.706.52$3,740
Sep 2004055943.245.28$2,954
Aug 2004058142.375.55$3,225
Jul 2004058838.286.08$3,578
Jun 2004057236.106.43$3,680
May 2004059837.486.49$3,884
Apr 2004059234.475.86$3,468
Mar 200418256734.365.53$9,389
Feb 2004052132.455.51$2,871
Jan 2004061032.036.30$3,843
Dec 20031156930.266.30$3,918
Nov 200318156028.804.60$7,786
Oct 2003059128.174.76$2,813
Sep 2003058826.314.75$2,793
Aug 2003055229.765.13$2,832
Jul 2003054029.415.17$2,792
Jun 200317422928.565.98$6,340
May 2003051526.595.97$3,076
Apr 2003052126.675.41$2,817
Mar 2003052631.146.10$3,207
Feb 2003048833.487.93$3,868
Jan 200317055830.315.58$8,267
Dec 2002055526.914.85$2,694
Nov 2002054324.664.14$2,246
Oct 2002045026.464.23$1,903
Sep 200218150827.443.64$6,813
Aug 2002053225.963.16$1,683
Jul 200217955824.583.06$6,108
Jun 2002344723.733.34$1,563
May 2002046224.663.58$1,656
Apr 2002645423.653.51$1,736
Mar 2002032822.003.10$1,018
Feb 2002029718.222.38$706
Jan 200218246617.172.38$4,232
Dec 2001058316.932.36$1,378
Nov 2001050118.072.41$1,205
Oct 2001051819.782.53$1,310
Sep 2001053324.262.25$1,200
Aug 2001050524.873.05$1,542
Jul 200116852623.933.20$5,702
Jun 2001046624.563.82$1,782
May 2001047925.524.31$2,063
Apr 200117246924.685.34$6,747
Mar 2001049524.545.38$2,661
Feb 2001245927.755.77$2,703
Jan 200118155127.478.40$9,600
Dec 2000045926.889.12$4,187
Nov 2000025632.215.66$1,448
Oct 2000039131.235.15$2,012
Sep 2000058031.875.19$3,008
Aug 200017759629.644.54$7,953
Jul 200017564228.534.09$7,618
Jun 2000067729.304.40$2,977
May 2000054627.263.68$2,009
Apr 200019659724.513.12$6,664
Mar 2000068928.422.86$1,970
Feb 2000038827.622.73$1,058
Jan 200018258525.272.48$6,050
Dec 1999059324.282.42$1,437
Nov 1999156423.192.43$1,396
Oct 1999059820.982.80$1,677
Sep 199918065921.752.62$5,641
Aug 199917658419.262.88$5,069
Jul 1999170417.892.37$1,688
Jun 1999063015.942.36$1,488
May 199918165615.792.32$4,381
Apr 199917959215.102.21$4,010
Mar 1999057212.471.84$1,052
Feb 199955799.981.82$1,102
Jan 1999067910.381.90$1,290
Dec 19981046639.201.77$2,133
Nov 199818364910.892.19$3,411
Oct 1998074612.421.97$1,469
Sep 1998072412.592.08$1,508
Aug 1998086211.301.91$1,644
Jul 19989385211.742.24$2,998
Jun 1998064411.242.24$1,441
May 19988362612.622.21$2,429
Apr 199812559613.042.51$3,123
Mar 1998061912.802.31$1,430
Feb 199810939213.952.30$2,422
Jan 1998062214.702.15$1,340
Dec 199712361616.322.41$3,493
Nov 1997260618.193.09$1,908
Oct 199713263919.253.15$4,554
Sep 1997060717.742.95$1,794
Aug 199710859317.862.55$3,444
Jul 1997063117.582.25$1,418
Jun 199710658917.242.26$3,157
May 19975262218.972.31$2,422
Apr 199713160917.882.08$3,611
Mar 1997064018.951.94$1,241
Feb 19977957720.492.21$2,892
Jan 199711164923.483.54$4,904
Dec 199614565623.32$3,381
Nov 1996060521.97$0
Oct 19967566823.31$1,748
Sep 1996365422.22$67
Aug 199618467820.26$3,728
Jul 19967168219.55$1,388
Jun 1996065618.73$0
May 199610768119.43$2,079
Apr 1996065021.51$0
Mar 199611266319.38$2,171
Feb 199610160616.98$1,715
Jan 1996066417.07$0
Dec 199514467117.19$2,475
Nov 199513462016.00$2,144
Oct 1995073615.43$0
Sep 199515375916.18$2,476
Aug 1995050815.92$0
Jul 19954848615.24$732
Jun 199512764816.41$2,084
May 19958072717.56$1,405
Apr 1995072617.73$0
Mar 199513072516.44$2,137
Feb 199517966516.58$2,968
Jan 1995070215.92$0
Dec 19947673015.03$1,142
Nov 199412470015.90$1,972
Oct 199411975115.58$1,854
Sep 1994076715.29$0
Aug 199417580416.13$2,823
Jul 199414372317.56$2,511
Jun 1994676717.09$103
May 199413779915.88$2,176
Apr 1994030314.14$0
Mar 199414360612.46$1,782
Feb 199415752112.50$1,963
Jan 1994062412.66$0
Dec 199310864712.33$1,332
Nov 199310761914.49$1,550
Oct 199311364515.85$1,791
Sep 19937955715.03$1,187
Aug 199312156015.66$1,895
Jul 199318065815.46$2,783
Jun 1993052316.79$0
May 199312565717.68$2,210
Apr 199313456718.05$2,419
Mar 19937361718.14$1,324
Feb 199315257417.90$2,721
Jan 19937533916.93$1,270

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.

Aug 2005 — as filed, then multipliedworked
Oil                  121 bbl  × $ 61.51 =     $7,443
Casinghead gas         0 Mcf  × $  9.80 =         $0

────────────────────────────────────────────────────
Month total                                   $7,443

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/11437 is the state's own key, not one this site invented.