TXL "DD"

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 15080District 7CField 70279750OilCasinghead gasSaveExport
Value, all time
$1.1 M
Nov 2000 – Jul 2010
Value, last 12 filed months
$122 k
at the published price for each month
Months reported
117
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 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.

StreamBasisVolumeValue
OilDisposition21,761 bbl$1,075,646
Casinghead gasProduction5,976 Mcf$38,791
Total$1,114,437

Every month this lease reported (117)

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

117 months

Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 2010254081.694.12$20,749
Mar 2010165078.394.39$12,934
Feb 2010175073.585.44$12,877
Jan 2010183074.365.96$13,608
Dec 2009352071.445.48$25,147
Nov 20090074.593.75$0
Oct 2009185072.544.11$13,420
Sep 2009361065.543.06$23,660
Aug 20090067.423.22$0
Jul 2009343061.133.46$20,968
Jun 2009334066.163.90$22,097
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 2009167042.144.06$7,037
Feb 2009164032.814.63$5,381
Jan 20093346235.865.37$12,310
Dec 20081656237.105.98$6,492
Nov 20081706055.496.86$9,845
Oct 20081746275.246.92$13,521
Sep 200817260101.767.88$17,975
Aug 200835062114.228.48$40,503
Jul 200817662131.0811.39$23,776
Jun 200817460131.3313.03$23,633
May 200817460123.1711.57$22,126
Apr 200815060110.3110.45$17,174
Mar 200817162101.909.66$18,024
Feb 20081675892.538.77$15,961
Jan 20081246090.388.21$11,699
Dec 20071716088.337.30$15,543
Nov 20071646091.677.29$15,471
Oct 20071826282.856.92$15,508
Sep 20071826075.846.24$14,178
Aug 20071656269.066.39$11,791
Jul 20071716270.906.39$12,520
Jun 200705062.007.55$377
May 20071686258.747.85$10,355
Apr 20071745459.617.81$10,794
Mar 20071746256.927.30$10,357
Feb 20071695055.108.22$9,723
Jan 20073456250.306.73$17,771
Dec 20061736256.656.92$10,229
Nov 200606054.207.62$457
Oct 20061756254.906.01$9,980
Sep 20061706060.085.04$10,516
Aug 20061686268.717.34$11,998
Jul 20061786269.376.34$12,741
Jun 20061776066.286.38$12,115
May 20063485266.016.42$23,306
Apr 200605464.397.36$397
Mar 20061625256.707.08$9,554
Feb 20061735657.597.75$10,397
Jan 20061746260.598.93$11,097
Dec 20051796254.9413.42$10,666
Nov 20051776054.6910.59$10,315
Oct 20051826258.3413.80$11,473
Sep 20051766061.4512.08$11,540
Aug 20051765861.519.80$11,394
Jul 20051756255.697.84$10,232
Jun 20053505852.337.38$18,744
May 200506245.226.65$412
Apr 20053446049.207.36$17,366
Mar 20051836250.377.15$9,661
Feb 20051775645.226.31$8,357
Jan 20051705443.166.32$7,679
Dec 20041684639.866.75$7,007
Nov 20041765445.286.33$8,311
Oct 20041796249.706.52$9,300
Sep 20041755643.245.28$7,863
Aug 20041786242.375.55$7,886
Jul 20043576238.286.08$14,043
Jun 20041636036.106.43$6,270
May 20041786237.486.49$7,074
Apr 20041716034.475.86$6,246
Mar 20043466234.365.53$12,231
Feb 200405832.455.51$320
Jan 20043626232.036.30$11,985
Dec 20031746230.266.30$5,656
Nov 20031776028.804.60$5,373
Oct 20033536228.174.76$10,239
Sep 20031736026.314.75$4,837
Aug 20031745629.765.13$5,466
Jul 20031786229.415.17$5,556
Jun 20031656028.565.98$5,071
May 20033506226.595.97$9,677
Apr 20031716026.675.41$4,885
Mar 20031776231.146.10$5,890
Feb 20031805633.487.93$6,470
Jan 20031766230.315.58$5,681
Dec 20023536226.914.85$9,800
Nov 20021806024.664.14$4,687
Oct 20021796226.464.23$4,999
Sep 20023605827.443.64$10,089
Aug 20021776225.963.16$4,791
Jul 20021746024.583.06$4,461
Jun 20023576023.733.34$8,672
May 20021756224.663.58$4,538
Apr 20021816023.653.51$4,491
Mar 20021766222.003.10$4,064
Feb 20021765618.222.38$3,340
Jan 20023506217.172.38$6,157
Dec 20011816216.932.36$3,211
Nov 20013446018.072.41$6,360
Oct 20011815619.782.53$3,722
Sep 20011735624.262.25$4,323
Aug 20011836224.873.05$4,741
Jul 20011775823.933.20$4,421
Jun 20013396024.563.82$8,555
May 20011776225.524.31$4,784
Apr 20011776024.685.34$4,688
Mar 20011676224.545.38$4,432
Feb 20010027.755.77$0
Jan 200148710827.478.40$14,285
Dec 2000012626.889.12$1,149
Nov 200007232.215.66$407

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                  254 bbl  × $ 81.69 =    $20,749
Casinghead gas         0 Mcf  × $  4.12 =         $0

────────────────────────────────────────────────────
Month total                                  $20,749

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/15080 is the state's own key, not one this site invented.