ATLANTIC-CORDOVA -K-

Operated by OLSEN ENERGY INC. (P-5 621750) in the TIPPETT, WEST (HUECO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5525District 7CField 90196333Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$155 k
Jan 1993 – Aug 2016
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
284
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 35 leases and 57 wells, and the rule below applies to all of them.

Discovered
1968-02-01
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
660 ft
minimum

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

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: DGL 800 MCF PER DAY

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
OilDisposition5,294 bbl$106,790
Casinghead gasProduction42,818 Mcf$48,254
Total$155,044

25,054 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 (284)

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

284 months

Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 2016121045.352.69$5,487
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
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 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
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 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 2005230054.9413.42$12,636
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010124.873.05$3
Jul 20010123.933.20$3
Jun 20010124.563.82$4
May 20010125.524.31$4
Apr 20010824.685.34$43
Mar 20010124.545.38$5
Feb 20010127.755.77$6
Jan 20010127.478.40$8
Dec 200016314426.889.12$5,695
Nov 2000028532.215.66$1,613
Oct 2000031631.235.15$1,626
Sep 2000034931.875.19$1,810
Aug 2000040829.644.54$1,853
Jul 200015218228.534.09$5,081
Jun 2000018629.304.40$818
May 2000049327.263.68$1,814
Apr 2000036024.513.12$1,122
Mar 200016734828.422.86$5,741
Feb 200018036127.622.73$5,956
Jan 2000033525.272.48$831
Dec 1999023024.282.42$557
Nov 1999028823.192.43$701
Oct 1999036820.982.80$1,032
Sep 1999042721.752.62$1,118
Aug 1999041119.262.88$1,182
Jul 199917546017.892.37$4,222
Jun 1999048115.942.36$1,136
May 1999045515.792.32$1,056
Apr 1999048415.102.21$1,069
Mar 199914742112.471.84$2,607
Feb 199904219.981.82$765
Jan 1999036010.381.90$684
Dec 19981393849.201.77$1,960
Nov 1998046810.892.19$1,023
Oct 1998047212.421.97$929
Sep 199818345912.592.08$3,260
Aug 1998040611.301.91$774
Jul 1998027211.742.24$609
Jun 1998052911.242.24$1,184
May 199816246112.622.21$3,062
Apr 1998044613.042.51$1,117
Mar 199818337212.802.31$3,202
Feb 1998039713.952.30$913
Jan 1998050014.702.15$1,077
Dec 1997049816.322.41$1,201
Nov 199717739118.193.09$4,427
Oct 1997041719.253.15$1,313
Sep 1997029217.742.95$863
Aug 1997023417.862.55$598
Jul 199716023417.582.25$3,339
Jun 1997031117.242.26$702
May 1997032718.972.31$755
Apr 199715840717.882.08$3,673
Mar 1997039318.951.94$762
Feb 1997016320.492.21$360
Jan 199715134323.483.54$4,760
Dec 1996041623.32$0
Nov 199615927321.97$3,493
Oct 1996045223.31$0
Sep 1996040922.22$0
Aug 199618653320.26$3,768
Jul 1996059319.55$0
Jun 1996052818.73$0
May 1996038819.43$0
Apr 1996031321.51$0
Mar 199618046219.38$3,488
Feb 1996044916.98$0
Jan 1996047917.07$0
Dec 199518036617.19$3,094
Nov 1995052816.00$0
Oct 1995056415.43$0
Sep 199516554016.18$2,670
Aug 1995059315.92$0
Jul 1995059415.24$0
Jun 199517060516.41$2,790
May 1995061417.56$0
Apr 1995058517.73$0
Mar 199517361016.44$2,844
Feb 1995058316.58$0
Jan 1995063115.92$0
Dec 199417654915.03$2,645
Nov 1994060415.90$0
Oct 1994066515.58$0
Sep 199416871315.29$2,569
Aug 1994072916.13$0
Jul 199417680317.56$3,091
Jun 199419560717.09$3,333
May 1994019215.88$0
Apr 19940214.14$0
Mar 1994187212.46$2,330
Feb 1994060812.50$0
Jan 1994077412.66$0
Dec 1993036212.33$0
Nov 199308614.49$0
Oct 1993056515.85$0
Sep 199318363715.03$2,750
Aug 1993066915.66$0
Jul 1993059215.46$0
Jun 199318061216.79$3,022
May 1993067017.68$0
Apr 1993062618.05$0
Mar 1993064018.14$0
Feb 199316858917.90$3,007
Jan 1993065016.93$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.

Jun 2016 — as filed, then multipliedworked
Oil                  121 bbl  × $ 45.35 =     $5,487
Casinghead gas         0 Mcf  × $  2.69 =         $0

────────────────────────────────────────────────────
Month total                                   $5,487

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/5525 is the state's own key, not one this site invented.