COPELAND, JOHN JR., "A"

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 11864District 7CField 45580666OilCasinghead gasSaveExport
Value, all time
$176 k
Jan 1993 – Mar 2006
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
159
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
OilDisposition3,161 bbl$66,435
Casinghead gasProduction53,520 Mcf$109,273
Total$175,708

24,192 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 (159)

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

159 months

Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 200623060.598.93$1,394
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 200527058.3413.80$1,575
Sep 20050061.4512.08$0
Aug 200550061.519.80$3,076
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20052621045.226.65$2,572
Apr 2005021149.207.36$1,553
Mar 2005015250.377.15$1,088
Feb 2005014045.226.31$884
Jan 2005014943.166.32$942
Dec 2004013339.866.75$898
Nov 2004019645.286.33$1,241
Oct 2004013249.706.52$860
Sep 2004018743.245.28$988
Aug 2004016542.375.55$916
Jul 2004022238.286.08$1,351
Jun 2004026336.106.43$1,692
May 2004022937.486.49$1,487
Apr 2004023534.475.86$1,377
Mar 2004027934.365.53$1,543
Feb 2004030532.455.51$1,680
Jan 200417532732.036.30$7,665
Dec 20031317130.266.30$1,471
Nov 2003232128.804.60$1,533
Oct 2003033228.174.76$1,580
Sep 2003032726.314.75$1,553
Aug 2003034129.765.13$1,749
Jul 2003036529.415.17$1,887
Jun 2003024328.565.98$1,454
May 2003027026.595.97$1,613
Apr 2003031126.675.41$1,682
Mar 2003031931.146.10$1,945
Feb 2003028633.487.93$2,267
Jan 2003032430.315.58$1,809
Dec 200216533526.914.85$6,066
Nov 2002034024.664.14$1,407
Oct 2002032426.464.23$1,370
Sep 2002031527.443.64$1,145
Aug 2002025725.963.16$813
Jul 2002025324.583.06$775
Jun 200205023.733.34$167
May 2002023924.663.58$857
Apr 2002021323.653.51$748
Mar 200207622.003.10$236
Feb 20020518.222.38$12
Jan 200209717.172.38$230
Dec 2001015616.932.36$369
Nov 2001011018.072.41$265
Oct 2001012819.782.53$324
Sep 2001020724.262.25$466
Aug 2001021724.873.05$663
Jul 200117324023.933.20$4,907
Jun 2001024024.563.82$918
May 2001016625.524.31$715
Apr 2001014924.685.34$795
Mar 2001026124.545.38$1,403
Feb 2001024427.755.77$1,407
Jan 2001028527.478.40$2,394
Dec 2000027626.889.12$2,518
Nov 2000026532.215.66$1,499
Oct 2000020231.235.15$1,039
Sep 2000027731.875.19$1,437
Aug 200016727929.644.54$6,217
Jul 2000027628.534.09$1,129
Jun 2000030029.304.40$1,319
May 2000024027.263.68$883
Apr 2000029424.513.12$916
Mar 2000028428.422.86$812
Feb 2000032327.622.73$881
Jan 2000036625.272.48$908
Dec 1999036724.282.42$890
Nov 199917335023.192.43$4,864
Oct 1999031520.982.80$883
Sep 1999027421.752.62$718
Aug 1999032219.262.88$926
Jul 1999028817.892.37$683
Jun 1999036915.942.36$872
May 1999030615.792.32$710
Apr 1999027315.102.21$603
Mar 1999031812.471.84$585
Feb 199903009.981.82$545
Jan 199918238110.381.90$2,613
Dec 199803879.201.77$686
Nov 1998039410.892.19$861
Oct 1998041512.421.97$817
Sep 1998039312.592.08$818
Aug 1998045611.301.91$870
Jul 1998046711.742.24$1,045
Jun 1998043611.242.24$975
May 1998030712.622.21$677
Apr 1998039413.042.51$987
Mar 19981639812.802.31$1,124
Feb 199811037913.952.30$2,406
Jan 1998043314.702.15$933
Dec 1997039616.322.41$955
Nov 1997042718.193.09$1,319
Oct 1997044319.253.15$1,395
Sep 1997042917.742.95$1,268
Aug 19977441917.862.55$2,392
Jul 1997044417.582.25$998
Jun 1997040917.242.26$923
May 199712242518.972.31$3,295
Apr 1997042617.882.08$887
Mar 1997045618.951.94$884
Feb 1997042120.492.21$929
Jan 1997447723.483.54$1,782
Dec 19967447823.32$1,726
Nov 1996046321.97$0
Oct 1996044923.31$0
Sep 199611146122.22$2,466
Aug 1996046120.26$0
Jul 1996046819.55$0
Jun 1996045618.73$0
May 19965147119.43$991
Apr 1996046821.51$0
Mar 19964349319.38$833
Feb 19968144616.98$1,375
Jan 1996836717.07$137
Dec 1995052217.19$0
Nov 19957746216.00$1,232
Oct 1995051815.43$0
Sep 19955250216.18$841
Aug 1995052215.92$0
Jul 19957152115.24$1,082
Jun 1995043816.41$0
May 199510755317.56$1,879
Apr 1995054317.73$0
Mar 1995055816.44$0
Feb 19959133416.58$1,509
Jan 1995050315.92$0
Dec 1994025315.03$0
Nov 1994049515.90$0
Oct 19946724415.58$1,044
Sep 1994051915.29$0
Aug 1994055516.13$0
Jul 19945751217.56$1,001
Jun 19944656817.09$786
May 1994057315.88$0
Apr 19949356314.14$1,315
Mar 1994057312.46$0
Feb 19944751312.50$588
Jan 1994056812.66$0
Dec 19937957412.33$974
Nov 1993055914.49$0
Oct 19937058315.85$1,110
Sep 1993052415.03$0
Aug 19936356315.66$987
Jul 19933858815.46$587
Jun 19933063916.79$504
May 19936058117.68$1,061
Apr 1993058118.05$0
Mar 19939764818.14$1,760
Feb 1993063217.90$0
Jan 199314632716.93$2,472

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.

Jan 2006 — as filed, then multipliedworked
Oil                   23 bbl  × $ 60.59 =     $1,394
Casinghead gas         0 Mcf  × $  8.93 =         $0

────────────────────────────────────────────────────
Month total                                   $1,394

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/11864 is the state's own key, not one this site invented.