COPELAND, JOHN JR., "F"

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 11873District 7CField 45580666OilCasinghead gasSaveExport
Value, all time
$268 k
Jan 1993 – Aug 2006
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
164
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
OilDisposition4,073 bbl$89,109
Casinghead gasProduction74,482 Mcf$178,785
Total$267,895

28,819 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 (164)

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

164 months

Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 200641066.016.42$2,706
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 20051021361.4512.08$3,187
Aug 2005029961.519.80$2,929
Jul 2005041455.697.84$3,247
Jun 2005034052.337.38$2,510
May 2005030045.226.65$1,995
Apr 2005035149.207.36$2,584
Mar 2005042350.377.15$3,027
Feb 2005039745.226.31$2,506
Jan 2005046043.166.32$2,908
Dec 2004037939.866.75$2,559
Nov 20047136345.286.33$5,513
Oct 2004037449.706.52$2,437
Sep 2004031443.245.28$1,659
Aug 2004033942.375.55$1,882
Jul 2004035738.286.08$2,172
Jun 200415335736.106.43$7,820
May 2004031837.486.49$2,065
Apr 200417539334.475.86$8,335
Mar 2004038834.365.53$2,146
Feb 2004026732.455.51$1,471
Jan 2004033332.036.30$2,098
Dec 200313729730.266.30$6,017
Nov 200314539828.804.60$6,005
Oct 2003045428.174.76$2,161
Sep 2003044526.314.75$2,113
Aug 2003042929.765.13$2,201
Jul 2003040429.415.17$2,089
Jun 2003035428.565.98$2,118
May 2003039026.595.97$2,329
Apr 2003040626.675.41$2,195
Mar 2003041031.146.10$2,499
Feb 200317438233.487.93$8,853
Jan 2003043130.315.58$2,406
Dec 2002043126.914.85$2,092
Nov 2002040724.664.14$1,684
Oct 2002042226.464.23$1,785
Sep 2002040827.443.64$1,483
Aug 200217242625.963.16$5,813
Jul 2002043224.583.06$1,323
Jun 2002031423.733.34$1,048
May 2002038424.663.58$1,376
Apr 2002038123.653.51$1,338
Mar 2002043522.003.10$1,350
Feb 2002041318.222.38$981
Jan 2002045217.172.38$1,074
Dec 2001045716.932.36$1,081
Nov 2001025518.072.41$613
Oct 2001042219.782.53$1,067
Sep 2001045024.262.25$1,013
Aug 2001039124.873.05$1,194
Jul 200117546323.933.20$5,668
Jun 2001045224.563.82$1,729
May 2001042525.524.31$1,831
Apr 2001040824.685.34$2,177
Mar 2001043924.545.38$2,360
Feb 2001039127.755.77$2,255
Jan 2001034827.478.40$2,923
Dec 2000035126.889.12$3,202
Nov 2000042132.215.66$2,382
Oct 2000034031.235.15$1,749
Sep 2000046231.875.19$2,396
Aug 2000050129.644.54$2,275
Jul 2000046128.534.09$1,885
Jun 2000040629.304.40$1,785
May 2000032027.263.68$1,178
Apr 2000031124.513.12$969
Mar 2000049128.422.86$1,404
Feb 200015945727.622.73$5,638
Jan 2000051725.272.48$1,282
Dec 1999042324.282.42$1,025
Nov 1999045523.192.43$1,107
Oct 1999052020.982.80$1,458
Sep 1999048221.752.62$1,262
Aug 1999040719.262.88$1,170
Jul 199917653817.892.37$4,425
Jun 1999048115.942.36$1,136
May 1999050315.792.32$1,167
Apr 1999045615.102.21$1,007
Mar 1999045412.471.84$835
Feb 199904419.981.82$802
Jan 1999051510.381.90$978
Dec 19981045009.201.77$1,843
Nov 1998048110.892.19$1,051
Oct 1998054112.421.97$1,065
Sep 1998029112.592.08$606
Aug 1998060811.301.91$1,160
Jul 19989462711.742.24$2,506
Jun 1998057811.242.24$1,293
May 1998072612.622.21$1,602
Apr 19986226213.042.51$1,465
Mar 1998032112.802.31$741
Feb 19987352413.952.30$2,223
Jan 1998058314.702.15$1,256
Dec 1997057916.322.41$1,396
Nov 1997056618.193.09$1,748
Oct 19975460919.253.15$2,958
Sep 1997056917.742.95$1,681
Aug 19978155817.862.55$2,872
Jul 1997059417.582.25$1,335
Jun 1997057617.242.26$1,300
May 19975160418.972.31$2,362
Apr 19975654617.882.08$2,138
Mar 1997060218.951.94$1,167
Feb 19976252020.492.21$2,417
Jan 1997060023.483.54$2,124
Dec 19968558623.32$1,982
Nov 1996060621.97$0
Oct 1996063223.31$0
Sep 19966961222.22$1,533
Aug 1996063220.26$0
Jul 19968159919.55$1,584
Jun 1996061318.73$0
May 19968063119.43$1,554
Apr 1996061621.51$0
Mar 1996064619.38$0
Feb 19968058916.98$1,358
Jan 1996064617.07$0
Dec 19954165517.19$705
Nov 19956459916.00$1,024
Oct 1995068915.43$0
Sep 19956372616.18$1,019
Aug 1995084515.92$0
Jul 1995069515.24$0
Jun 199510336016.41$1,690
May 1995040617.56$0
Apr 1995036117.73$0
Mar 19955628016.44$921
Feb 199511732216.58$1,940
Jan 1995035015.92$0
Dec 1994041815.03$0
Nov 199410520715.90$1,670
Oct 1994041015.58$0
Sep 1994038215.29$0
Aug 19946226716.13$1,000
Jul 19944135017.56$720
Jun 1994024117.09$0
May 19948429815.88$1,334
Apr 1994071514.14$0
Mar 19945872412.46$723
Feb 19946865512.50$850
Jan 1994073312.66$0
Dec 19935673712.33$690
Nov 19936372514.49$913
Oct 1993075615.85$0
Sep 19938968415.03$1,338
Aug 1993074815.66$0
Jul 19931231,22715.46$1,902
Jun 1993096416.79$0
May 1993094917.68$0
Apr 19937194918.05$1,282
Mar 19938480918.14$1,524
Feb 19933475317.90$609
Jan 19937142216.93$1,202

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.

May 2006 — as filed, then multipliedworked
Oil                   41 bbl  × $ 66.01 =     $2,706
Casinghead gas         0 Mcf  × $  6.42 =         $0

────────────────────────────────────────────────────
Month total                                   $2,706

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/11873 is the state's own key, not one this site invented.