TXL "VV"

Name: TXL "VV" lease production and value, Mar 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by COG OPERATING LLC (P-5 166150) in the PEGASUS (SPRABERRY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 13610District 7CField 70279750OilCasinghead gasSave Export

Value, all time

$1.0 M

Mar 1994 – Nov 2010

Value, last 12 filed months

$38 k

at the published price for each month

Months reported

201

no gaps in the span

Streams

oil, casinghead gas

The PEGASUS (SPRABERRY) field

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 38 leases and 194 wells, and the rule below applies to all of them.

Discovered

1952-01-08

as the register files it

Field class

Oil

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 80 acres.

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.

Stream	Basis	Volume	Value
Oil	Disposition	28,137 bbl	$914,069
Casinghead gas	Production	31,501 Mcf	$123,345
Total			$1,037,415

8,563 Mcf of this lease's gas, across 31 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 (201)

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

201 months


Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	82	131	81.69	4.12	$7,239
Mar 2010	139	98	78.39	4.39	$11,326
Feb 2010	0	101	73.58	5.44	$550
Jan 2010	115	112	74.36	5.96	$9,219
Dec 2009	119	125	71.44	5.48	$9,187
Nov 2009	155	89	74.59	3.75	$11,895
Oct 2009	69	90	72.54	4.11	$5,375
Sep 2009	82	76	65.54	3.06	$5,607
Aug 2009	160	131	67.42	3.22	$11,209
Jul 2009	67	96	61.13	3.46	$4,428
Jun 2009	72	147	66.16	3.90	$5,336
May 2009	51	115	54.74	3.93	$3,243
Apr 2009	0	27	46.77	3.59	$97
Mar 2009	49	25	42.14	4.06	$2,166
Feb 2009	73	51	32.81	4.63	$2,631
Jan 2009	194	85	35.86	5.37	$7,413
Dec 2008	0	63	37.10	5.98	$377
Nov 2008	0	117	55.49	6.86	$803
Oct 2008	170	135	75.24	6.92	$13,725
Sep 2008	173	162	101.76	7.88	$18,881
Aug 2008	176	177	114.22	8.48	$21,604
Jul 2008	180	207	131.08	11.39	$25,952
Jun 2008	0	85	131.33	13.03	$1,108
May 2008	258	153	123.17	11.57	$33,549
Apr 2008	0	204	110.31	10.45	$2,133
Mar 2008	193	141	101.90	9.66	$21,029
Feb 2008	253	161	92.53	8.77	$24,822
Jan 2008	0	185	90.38	8.21	$1,518
Dec 2007	138	170	88.33	7.30	$13,431
Nov 2007	122	185	91.67	7.29	$12,533
Oct 2007	147	196	82.85	6.92	$13,536
Sep 2007	89	181	75.84	6.24	$7,880
Aug 2007	169	185	69.06	6.39	$12,853
Jul 2007	81	216	70.90	6.39	$7,123
Jun 2007	179	207	62.00	7.55	$12,661
May 2007	0	156	58.74	7.85	$1,224
Apr 2007	118	179	59.61	7.81	$8,431
Mar 2007	61	196	56.92	7.30	$4,903
Feb 2007	111	194	55.10	8.22	$7,710
Jan 2007	106	215	50.30	6.73	$6,778
Dec 2006	53	217	56.65	6.92	$4,504
Nov 2006	163	234	54.20	7.62	$10,617
Oct 2006	66	205	54.90	6.01	$4,856
Sep 2006	113	164	60.08	5.04	$7,615
Aug 2006	103	139	68.71	7.34	$8,097
Jul 2006	101	139	69.37	6.34	$7,888
Jun 2006	58	136	66.28	6.38	$4,712
May 2006	111	97	66.01	6.42	$7,950
Apr 2006	56	148	64.39	7.36	$4,695
Mar 2006	103	166	56.70	7.08	$7,016
Feb 2006	113	159	57.59	7.75	$7,740
Jan 2006	128	134	60.59	8.93	$8,953
Dec 2005	0	105	54.94	13.42	$1,409
Nov 2005	58	153	54.69	10.59	$4,792
Oct 2005	117	135	58.34	13.80	$8,688
Sep 2005	109	152	61.45	12.08	$8,534
Aug 2005	93	130	61.51	9.80	$6,994
Jul 2005	49	173	55.69	7.84	$4,086
Jun 2005	118	134	52.33	7.38	$7,164
May 2005	121	154	45.22	6.65	$6,496
Apr 2005	169	245	49.20	7.36	$10,118
Mar 2005	136	178	50.37	7.15	$8,124
Feb 2005	142	162	45.22	6.31	$7,444
Jan 2005	95	183	43.16	6.32	$5,257
Dec 2004	112	159	39.86	6.75	$5,538
Nov 2004	119	179	45.28	6.33	$6,521
Oct 2004	104	155	49.70	6.52	$6,179
Sep 2004	131	170	43.24	5.28	$6,563
Aug 2004	0	186	42.37	5.55	$1,032
Jul 2004	127	134	38.28	6.08	$5,677
Jun 2004	112	157	36.10	6.43	$5,053
May 2004	129	161	37.48	6.49	$5,881
Apr 2004	236	133	34.47	5.86	$8,914
Mar 2004	0	146	34.36	5.53	$807
Feb 2004	71	137	32.45	5.51	$3,059
Jan 2004	106	148	32.03	6.30	$4,328
Dec 2003	94	168	30.26	6.30	$3,903
Nov 2003	103	130	28.80	4.60	$3,564
Oct 2003	164	136	28.17	4.76	$5,267
Sep 2003	193	184	26.31	4.75	$5,952
Aug 2003	55	144	29.76	5.13	$2,375
Jul 2003	109	125	29.41	5.17	$3,852
Jun 2003	171	106	28.56	5.98	$5,518
May 2003	126	188	26.59	5.97	$4,473
Apr 2003	131	140	26.67	5.41	$4,251
Mar 2003	110	249	31.14	6.10	$4,943
Feb 2003	0	223	33.48	7.93	$1,767
Jan 2003	323	194	30.31	5.58	$10,873
Dec 2002	0	160	26.91	4.85	$777
Nov 2002	187	167	24.66	4.14	$5,302
Oct 2002	142	167	26.46	4.23	$4,464
Sep 2002	149	154	27.44	3.64	$4,648
Aug 2002	98	100	25.96	3.16	$2,861
Jul 2002	159	111	24.58	3.06	$4,248
Jun 2002	140	169	23.73	3.34	$3,886
May 2002	117	158	24.66	3.58	$3,451
Apr 2002	104	164	23.65	3.51	$3,036
Mar 2002	150	117	22.00	3.10	$3,663
Feb 2002	156	166	18.22	2.38	$3,237
Jan 2002	99	75	17.17	2.38	$1,878
Dec 2001	108	15	16.93	2.36	$1,864
Nov 2001	129	74	18.07	2.41	$2,509
Oct 2001	169	169	19.78	2.53	$3,770
Sep 2001	100	120	24.26	2.25	$2,696
Aug 2001	103	143	24.87	3.05	$2,998
Jul 2001	150	126	23.93	3.20	$3,992
Jun 2001	78	164	24.56	3.82	$2,543
May 2001	160	225	25.52	4.31	$5,052
Apr 2001	145	212	24.68	5.34	$4,710
Mar 2001	237	135	24.54	5.38	$6,542
Feb 2001	105	68	27.75	5.77	$3,306
Jan 2001	196	170	27.47	8.40	$6,812
Dec 2000	0	105	26.88	9.12	$958
Nov 2000	176	51	32.21	5.66	$5,958
Oct 2000	136	137	31.23	5.15	$4,952
Sep 2000	69	106	31.87	5.19	$2,749
Aug 2000	108	93	29.64	4.54	$3,623
Jul 2000	123	111	28.53	4.09	$3,963
Jun 2000	125	126	29.30	4.40	$4,217
May 2000	275	249	27.26	3.68	$8,413
Apr 2000	101	260	24.51	3.12	$3,286
Mar 2000	147	197	28.42	2.86	$4,741
Feb 2000	66	177	27.62	2.73	$2,306
Jan 2000	79	186	25.27	2.48	$2,458
Dec 1999	81	186	24.28	2.42	$2,417
Nov 1999	141	168	23.19	2.43	$3,679
Oct 1999	162	174	20.98	2.80	$3,887
Sep 1999	128	157	21.75	2.62	$3,195
Aug 1999	152	79	19.26	2.88	$3,155
Jul 1999	266	89	17.89	2.37	$4,970
Jun 1999	114	345	15.94	2.36	$2,632
May 1999	85	110	15.79	2.32	$1,597
Apr 1999	75	131	15.10	2.21	$1,422
Mar 1999	144	34	12.47	1.84	$1,858
Feb 1999	58	81	9.98	1.82	$726
Jan 1999	98	102	10.38	1.90	$1,211
Dec 1998	109	98	9.20	1.77	$1,177
Nov 1998	114	101	10.89	2.19	$1,462
Oct 1998	81	127	12.42	1.97	$1,256
Sep 1998	96	34	12.59	2.08	$1,279
Aug 1998	164	71	11.30	1.91	$1,989
Jul 1998	172	238	11.74	2.24	$2,552
Jun 1998	143	225	11.24	2.24	$2,111
May 1998	199	156	12.62	2.21	$2,856
Apr 1998	264	134	13.04	2.51	$3,778
Mar 1998	0	182	12.80	2.31	$420
Feb 1998	133	126	13.95	2.30	$2,145
Jan 1998	281	152	14.70	2.15	$4,458
Dec 1997	271	178	16.32	2.41	$4,852
Nov 1997	105	203	18.19	3.09	$2,537
Oct 1997	66	181	19.25	3.15	$1,841
Sep 1997	136	135	17.74	2.95	$2,812
Aug 1997	23	61	17.86	2.55	$567
Jul 1997	59	20	17.58	2.25	$1,082
Jun 1997	0	43	17.24	2.26	$97
May 1997	62	2	18.97	2.31	$1,181
Apr 1997	88	47	17.88	2.08	$1,671
Mar 1997	125	98	18.95	1.94	$2,559
Feb 1997	146	125	20.49	2.21	$3,267
Jan 1997	304	155	23.48	3.54	$7,687
Dec 1996	65	166	23.32	—	$1,516
Nov 1996	76	82	21.97	—	$1,670
Oct 1996	167	142	23.31	—	$3,893
Sep 1996	138	119	22.22	—	$3,066
Aug 1996	196	298	20.26	—	$3,971
Jul 1996	481	488	19.55	—	$9,404
Jun 1996	205	251	18.73	—	$3,840
May 1996	176	368	19.43	—	$3,420
Apr 1996	170	99	21.51	—	$3,657
Mar 1996	77	96	19.38	—	$1,492
Feb 1996	387	69	16.98	—	$6,571
Jan 1996	1,098	493	17.07	—	$18,743
Dec 1995	338	353	17.19	—	$5,810
Nov 1995	0	199	16.00	—	$0
Oct 1995	151	105	15.43	—	$2,330
Sep 1995	0	48	16.18	—	$0
Aug 1995	0	14	15.92	—	$0
Jul 1995	87	67	15.24	—	$1,326
Jun 1995	92	82	16.41	—	$1,510
May 1995	236	165	17.56	—	$4,144
Apr 1995	132	262	17.73	—	$2,340
Mar 1995	357	357	16.44	—	$5,869
Feb 1995	507	552	16.58	—	$8,406
Jan 1995	494	693	15.92	—	$7,864
Dec 1994	317	561	15.03	—	$4,765
Nov 1994	609	0	15.90	—	$9,683
Oct 1994	487	0	15.58	—	$7,587
Sep 1994	251	1	15.29	—	$3,838
Aug 1994	506	1	16.13	—	$8,162
Jul 1994	501	1	17.56	—	$8,798
Jun 1994	509	690	17.09	—	$8,699
May 1994	429	893	15.88	—	$6,813
Apr 1994	315	848	14.14	—	$4,454
Mar 1994	0	0	12.46	—	$0

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.

Apr 2010 — as filed, then multipliedworked

Oil                   82 bbl  × $ 81.69 =     $6,699
Casinghead gas       131 Mcf  × $  4.12 =       $540

────────────────────────────────────────────────────
Month total                                   $7,239

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/13610 is the state's own key, not one this site invented.