TIPPETT, JUNE

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 1181District 7CField 70279500OilCasinghead gasSaveExport
Value, all time
$3.0 M
Jan 1993 – Mar 2015
Value, last 12 filed months
$0
at the published price for each month
Months reported
267
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
OilDisposition59,253 bbl$1,348,734
Casinghead gasProduction1,041,683 Mcf$1,652,851
Total$3,001,585

730,442 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 (267)

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

267 months

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 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 201017085.734.35$1,457
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 201010073.684.42$737
Jul 2010125072.554.74$9,069
Jun 201050070.364.91$3,518
May 2010115071.124.24$8,179
Apr 201080081.694.12$6,535
Mar 20106078.394.39$470
Feb 201064073.585.44$4,709
Jan 201081074.365.96$6,023
Dec 200970071.445.48$5,001
Nov 200979374.593.75$5,904
Oct 200952372.544.11$3,784
Sep 200939065.543.06$2,556
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20092035.865.37$72
Dec 200843037.105.98$1,595
Nov 200848055.496.86$2,664
Oct 200840175.246.92$3,017
Sep 2008240101.767.88$2,442
Aug 20086934114.228.48$8,170
Jul 200886436131.0811.39$16,239
Jun 2008630131.3313.03$8,274
May 2008570123.1711.57$7,021
Apr 2008910110.3110.45$10,038
Mar 20081150101.909.66$11,719
Feb 200811672492.538.77$17,083
Jan 20081161,64290.388.21$23,958
Dec 20071113,22488.337.30$33,346
Nov 2007571,26591.677.29$14,449
Oct 20076078682.856.92$10,412
Sep 20075450275.846.24$7,230
Aug 20076178769.066.39$9,240
Jul 2007712,21970.906.39$19,209
Jun 2007751,62962.007.55$16,946
May 2007792,04558.747.85$20,686
Apr 20071652,21459.617.81$27,116
Mar 200710413,54656.927.30$104,832
Feb 2007987,14355.108.22$64,087
Jan 20071455,17250.306.73$42,085
Dec 200614932,55756.656.92$233,685
Nov 20061645,49454.207.62$50,739
Oct 2006147054.906.01$8,070
Sep 2006149360.085.04$8,967
Aug 2006133268.717.34$9,153
Jul 200646069.376.34$3,191
Jun 20062712666.286.38$2,594
May 20068317966.016.42$6,629
Apr 20069180364.397.36$11,770
Mar 20061011,04356.707.08$13,114
Feb 200627518157.597.75$17,240
Jan 2006160060.598.93$9,694
Dec 2005642,20754.9413.42$33,124
Nov 20051083,11254.6910.59$38,858
Oct 20051645,48358.3413.80$85,210
Sep 2005732,06961.4512.08$29,477
Aug 2005691,90261.519.80$22,878
Jul 2005741,35555.697.84$14,749
Jun 2005471752.337.38$2,585
May 20051012,37545.226.65$20,364
Apr 2005822,39449.207.36$21,655
Mar 20051362,97850.377.15$28,158
Feb 20051272,57845.226.31$22,015
Jan 20051116,90043.166.32$48,414
Dec 20042052,13439.866.75$22,578
Nov 20041154,76045.286.33$35,340
Oct 20041101,86949.706.52$17,644
Sep 20042912,40343.245.28$25,280
Aug 20041192,59442.375.55$19,440
Jul 20041262,84138.286.08$22,108
Jun 2004543,43336.106.43$24,034
May 20041022,65337.486.49$21,053
Apr 20041663,24934.475.86$24,756
Mar 20041473,12034.365.53$22,305
Feb 20042743,16332.455.51$26,318
Jan 20041593,00532.036.30$24,023
Dec 20031413,22630.266.30$24,596
Nov 20031633,06628.804.60$18,783
Oct 20031613,15328.174.76$19,543
Sep 20031102,33126.314.75$13,965
Aug 20031172,00129.765.13$13,746
Jul 20031133,69629.415.17$22,435
Jun 20031555,40828.565.98$36,783
May 20031266,14126.595.97$40,029
Apr 20031505926.675.41$4,320
Mar 200329316031.146.10$10,099
Feb 200314234133.487.93$7,457
Jan 200318935530.315.58$7,710
Dec 200215829226.914.85$5,669
Nov 200212748424.664.14$5,134
Oct 200212528026.464.23$4,492
Sep 200210022227.443.64$3,551
Aug 20027943825.963.16$3,437
Jul 200212148324.583.06$4,453
Jun 200210940923.733.34$3,952
May 200214848624.663.58$5,392
Apr 20021049923.653.51$2,807
Mar 20021644422.003.10$3,745
Feb 20021373218.222.38$2,572
Jan 20022163617.172.38$3,794
Dec 20011851916.932.36$3,177
Nov 20011932718.072.41$3,552
Oct 20012433719.782.53$4,900
Sep 20011473924.262.25$3,654
Aug 20011484024.873.05$3,803
Jul 20011255723.933.20$3,173
Jun 20012883924.563.82$7,222
May 20012154225.524.31$5,668
Apr 200123416024.685.34$6,629
Mar 20013805224.545.38$9,605
Feb 20013451,46227.755.77$18,005
Jan 20014751,49327.478.40$25,588
Dec 20006211526.889.12$2,716
Nov 20008311532.215.66$3,324
Oct 2000581,06231.235.15$7,276
Sep 2000301,50931.875.19$8,783
Aug 2000311,85329.644.54$9,333
Jul 2000431,81428.534.09$8,646
Jun 2000632,98829.304.40$14,985
May 2000974,39027.263.68$18,798
Apr 2000693,76324.513.12$13,417
Mar 2000502,98928.422.86$9,969
Feb 2000793,61627.622.73$12,041
Jan 20001084,39225.272.48$13,624
Dec 19991324,91024.282.42$15,105
Nov 1999932,79623.192.43$8,962
Oct 1999982,42520.982.80$8,855
Sep 1999872,35421.752.62$8,057
Aug 19991182,73619.262.88$10,140
Jul 19991252,55917.892.37$8,307
Jun 19991051,95615.942.36$6,294
May 1999902,08115.792.32$6,251
Apr 1999712,02015.102.21$5,532
Mar 1999511,89912.471.84$4,127
Feb 1999682,0669.981.82$4,434
Jan 19991292,54210.381.90$6,169
Dec 19981462,4769.201.77$5,734
Nov 19981062,45910.892.19$6,529
Oct 1998892,68212.421.97$6,387
Sep 19981332,58012.592.08$7,048
Aug 19981112,54911.301.91$6,116
Jul 19981422,61111.742.24$7,509
Jun 19981222,23811.242.24$6,378
May 19981402,45812.622.21$7,190
Apr 19981472,36613.042.51$7,844
Mar 19981312,36112.802.31$7,129
Feb 19981031,76713.952.30$5,499
Jan 19981992,25114.702.15$7,776
Dec 19971092,21116.322.41$7,110
Nov 19971762,54018.193.09$11,046
Oct 19971214,12219.253.15$15,313
Sep 19971073,94117.742.95$13,543
Aug 19971042,94617.862.55$9,384
Jul 19971072,49717.582.25$7,492
Jun 1997842,57217.242.26$7,254
May 19971122,82218.972.31$8,639
Apr 19971192,18317.882.08$6,674
Mar 19971453,02218.951.94$8,608
Feb 19971002,07320.492.21$6,622
Jan 19971613,49823.483.54$16,162
Dec 19962044,21823.32$4,757
Nov 19961734,25521.97$3,801
Oct 19961734,88123.31$4,033
Sep 19961395,32022.22$3,089
Aug 19961355,25120.26$2,735
Jul 19961834,82619.55$3,578
Jun 19961476,35518.73$2,753
May 199621217,26919.43$4,119
Apr 19961915,66721.51$4,108
Mar 19962334,29919.38$4,516
Feb 19962736,34016.98$4,636
Jan 199629012,02017.07$4,950
Dec 19952689,78817.19$4,607
Nov 19953558,03116.00$5,680
Oct 199549110,41915.43$7,576
Sep 19956688,81116.18$10,808
Aug 19951,09614,85615.92$17,448
Jul 19951,76713,15315.24$26,929
Jun 19951,58611,62916.41$26,026
May 19952,17912,09917.56$38,263
Apr 19952,37013,87817.73$42,020
Mar 19959755,14516.44$16,029
Feb 199563614,19816.58$10,545
Jan 199597318,40315.92$15,490
Dec 199496113,30015.03$14,444
Nov 19948119,86915.90$12,895
Oct 199490710,89415.58$14,131
Sep 19941,01210,56915.29$15,473
Aug 199492214,28716.13$14,872
Jul 199493514,86117.56$16,419
Jun 19941,09318,21017.09$18,679
May 19941,04221,61315.88$16,547
Apr 19941,06227,88314.14$15,017
Mar 19941,31624,27412.46$16,397
Feb 19941,06522,34112.50$13,313
Jan 199489522,60412.66$11,331
Dec 199390920,49212.33$11,208
Nov 19931,12616,93414.49$16,316
Oct 19931,14818,88015.85$18,196
Sep 199361220,31915.03$9,198
Aug 19931,02732,86515.66$16,083
Jul 19931,35036,11715.46$20,871
Jun 19931,38436,04516.79$23,237
May 19931,20434,61517.68$21,287
Apr 19931,05630,80018.05$19,061
Mar 199395023,43518.14$17,233
Feb 19931,01121,46117.90$18,097
Jan 19931,0716,66316.93$18,132

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.

Dec 2010 — as filed, then multipliedworked
Oil                   17 bbl  × $ 85.73 =     $1,457
Casinghead gas         0 Mcf  × $  4.35 =         $0

────────────────────────────────────────────────────
Month total                                   $1,457

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/1181 is the state's own key, not one this site invented.