STATE 26

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

Oil lease lease 5589District 7CField 90188001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$729 k
Jan 1993 – May 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
293
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 13 leases and 20 wells, and the rule below applies to all of them.

Discovered
1947-11-05
as the register files it
Field class
Oil and gas
the register's own label
Between wells
880 ft
minimum
From a lease line
440 ft
minimum

A drilling unit in this field needs at least 40 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.

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
OilDisposition7,829 bbl$361,174
Casinghead gasProduction126,622 Mcf$368,198
Total$729,372

42,580 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 (293)

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

293 months

May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20161815326.472.06$4,900
Jan 2016020827.352.36$492
Dec 2015019632.362.00$392
Nov 2015019738.792.17$427
Oct 2015028043.552.43$679
Sep 201517624642.992.76$8,245
Aug 2015027840.162.87$799
Jul 201518129548.152.95$9,584
Jun 2015025356.152.88$729
May 2015029755.212.96$878
Apr 2015031749.822.71$858
Mar 201518035142.892.93$8,750
Feb 201506644.662.98$196
Jan 201501643.433.10$50
Dec 201417714854.693.59$10,212
Nov 2014016270.464.25$689
Oct 2014038878.303.90$1,514
Sep 2014041486.164.05$1,675
Aug 2014047489.394.04$1,913
Jul 201417848796.564.18$19,223
Jun 2014048498.164.74$2,293
May 2014051694.734.73$2,439
Apr 201418050695.944.81$19,703
Mar 2014043895.895.06$2,215
Feb 2014031197.406.19$1,926
Jan 201417654290.404.86$18,545
Dec 2013058091.824.35$2,526
Nov 201317858388.853.74$17,995
Oct 2013048297.423.78$1,822
Sep 2013339590104.113.72$37,487
Aug 20130345104.253.52$1,215
Jul 2013333652102.523.72$36,563
Jun 2013053294.403.93$2,093
May 2013162094.834.15$15,362
Apr 20130693.964.28$26
Mar 201301993.623.91$74
Feb 201301991.233.42$65
Jan 201304391.603.42$147
Dec 201207486.773.42$253
Nov 2012028286.953.62$1,022
Oct 2012025089.383.40$850
Sep 2012030294.672.92$881
Aug 2012032092.662.91$931
Jul 2012028385.133.02$855
Jun 2012133679.822.52$926
May 20121091.612.49$92
Apr 201286312101.652.00$9,365
Mar 20121273105.052.22$712
Feb 20120149101.102.57$383
Jan 20121098.092.73$98
Dec 20110096.873.24$0
Nov 20112095.723.31$191
Oct 2011025584.983.65$930
Sep 2011028483.623.99$1,132
Aug 20116127483.404.15$6,224
Jul 20114631194.144.52$5,735
Jun 2011034392.904.64$1,591
May 20110098.134.40$0
Apr 20110273105.964.33$1,183
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 20100270.364.91$10
May 201007671.124.24$322
Apr 20101081.694.12$82
Mar 20100078.394.39$0
Feb 20101273.585.44$84
Jan 20100174.365.96$6
Dec 20090271.445.48$11
Nov 20090074.593.75$0
Oct 200911672.544.11$138
Sep 2009022665.543.06$693
Aug 2009393467.423.22$2,739
Jul 200917661.133.46$324
Jun 2009123666.163.90$985
May 2009023954.743.93$938
Apr 2009020346.773.59$728
Mar 2009021342.144.06$865
Feb 2009013232.814.63$612
Jan 2009017035.865.37$913
Dec 200806037.105.98$359
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 20080106114.228.48$899
Jul 20080217131.0811.39$2,472
Jun 20080234131.3313.03$3,050
May 20080230123.1711.57$2,662
Apr 200863182110.3110.45$8,852
Mar 20080294101.909.66$2,841
Feb 2008028992.538.77$2,535
Jan 2008227190.388.21$2,405
Dec 2007034988.337.30$2,548
Nov 20077823191.677.29$8,835
Oct 2007042882.856.92$2,963
Sep 2007026375.846.24$1,642
Aug 2007034569.066.39$2,204
Jul 20076111270.906.39$5,040
Jun 2007023962.007.55$1,804
May 2007028758.747.85$2,252
Apr 20076545359.617.81$7,410
Mar 2007053056.927.30$3,870
Feb 2007148155.108.22$4,007
Jan 20075145350.306.73$5,613
Dec 2006049356.656.92$3,411
Nov 20067650954.207.62$7,997
Oct 2006545554.906.01$3,011
Sep 2006251560.085.04$2,714
Aug 20066144668.717.34$7,465
Jul 2006347669.376.34$3,227
Jun 2006041966.286.38$2,675
May 20067553566.016.42$8,388
Apr 2006641964.397.36$3,470
Mar 20065836456.707.08$5,867
Feb 2006444057.597.75$3,641
Jan 200613752060.598.93$12,946
Dec 200516914854.9413.42$11,270
Nov 2005139054.6910.59$4,184
Oct 2005147358.3413.80$6,584
Sep 2005011661.4512.08$1,401
Aug 200516235061.519.80$13,394
Jul 2005156055.697.84$4,448
Jun 2005016352.337.38$1,203
May 2005029845.226.65$1,982
Apr 2005035049.207.36$2,576
Mar 2005042550.377.15$3,041
Feb 2005033845.226.31$2,133
Jan 2005042843.166.32$2,706
Dec 2004050339.866.75$3,396
Nov 20040045.286.33$0
Oct 2004046249.706.52$3,010
Sep 2004051243.245.28$2,705
Aug 2004224842.375.55$1,461
Jul 2004041738.286.08$2,537
Jun 2004038036.106.43$2,445
May 2004345537.486.49$3,067
Apr 2004559034.475.86$3,629
Mar 20042434.365.53$91
Feb 20040032.455.51$0
Jan 2004427232.036.30$1,842
Dec 200317699030.266.30$11,564
Nov 2003024628.804.60$1,130
Oct 2003050928.174.76$2,423
Sep 2003418626.314.75$989
Aug 2003359929.765.13$3,162
Jul 2003533529.415.17$1,879
Jun 2003316228.565.98$1,055
May 2003031026.595.97$1,852
Apr 20032261326.675.41$3,901
Mar 2003177031.146.10$5,512
Feb 2003026133.487.93$2,069
Jan 20031334230.315.58$2,303
Dec 2002025626.914.85$1,243
Nov 2002628124.664.14$1,310
Oct 2002841726.464.23$1,975
Sep 2002355727.443.64$2,107
Aug 2002362325.963.16$2,049
Jul 2002354124.583.06$1,730
Jun 200214246223.733.34$4,912
May 20021639424.663.58$1,807
Apr 2002043823.653.51$1,538
Mar 2002649122.003.10$1,655
Feb 2002441918.222.38$1,068
Jan 2002554017.172.38$1,369
Dec 200117358916.932.36$4,322
Nov 2001746018.072.41$1,233
Oct 2001070019.782.53$1,770
Sep 200118051524.262.25$5,526
Aug 2001067624.873.05$2,064
Jul 2001066823.933.20$2,136
Jun 2001051224.563.82$1,958
May 2001065525.524.31$2,821
Apr 2001041224.685.34$2,198
Mar 2001067324.545.38$3,618
Feb 2001064027.755.77$3,691
Jan 2001062227.478.40$5,224
Dec 200018139926.889.12$8,505
Nov 2000062932.215.66$3,559
Oct 2000030031.235.15$1,544
Sep 2000055631.875.19$2,884
Aug 2000030329.644.54$1,376
Jul 200018971628.534.09$8,320
Jun 2000060229.304.40$2,647
May 2000081627.263.68$3,003
Apr 2000056624.513.12$1,764
Mar 2000075428.422.86$2,156
Feb 2000014027.622.73$382
Jan 20000125.272.48$2
Dec 1999016224.282.42$393
Nov 1999040823.192.43$993
Oct 1999033620.982.80$942
Sep 1999052721.752.62$1,380
Aug 1999057219.262.88$1,645
Jul 1999070417.892.37$1,670
Jun 199917692915.942.36$5,000
May 1999054215.792.32$1,258
Apr 1999060015.102.21$1,325
Mar 1999056512.471.84$1,039
Feb 199905659.981.82$1,027
Jan 1999060710.381.90$1,153
Dec 19981847519.201.77$3,025
Nov 1998055110.892.19$1,204
Oct 1998074512.421.97$1,467
Sep 1998067212.592.08$1,400
Aug 1998069611.301.91$1,328
Jul 1998069311.742.24$1,550
Jun 1998075711.242.24$1,694
May 199818374812.622.21$3,960
Apr 1998073913.042.51$1,851
Mar 1998081712.802.31$1,887
Feb 1998067813.952.30$1,559
Jan 1998066414.702.15$1,431
Dec 1997078916.322.41$1,902
Nov 199716572118.193.09$5,228
Oct 1997078019.253.15$2,457
Sep 1997062917.742.95$1,859
Aug 1997074117.862.55$1,893
Jul 1997080117.582.25$1,800
Jun 1997079217.242.26$1,788
May 199715180718.972.31$4,727
Apr 1997071417.882.08$1,487
Mar 1997070618.951.94$1,369
Feb 1997067520.492.21$1,489
Jan 1997073323.483.54$2,595
Dec 199616275823.32$3,778
Nov 1996071721.97$0
Oct 1996074923.31$0
Sep 1996073022.22$0
Aug 199615387920.26$3,100
Jul 1996090919.55$0
Jun 1996089218.73$0
May 1996090719.43$0
Apr 1996082021.51$0
Mar 199616378319.38$3,159
Feb 1996079316.98$0
Jan 1996084817.07$0
Dec 1995082317.19$0
Nov 1995085016.00$0
Oct 199516087415.43$2,469
Sep 1995078816.18$0
Aug 1995087715.92$0
Jul 1995095215.24$0
Jun 199517491316.41$2,855
May 1995093917.56$0
Apr 1995086517.73$0
Mar 1995087816.44$0
Feb 1995084616.58$0
Jan 199516290315.92$2,579
Dec 1994083215.03$0
Nov 1994091915.90$0
Oct 1994096315.58$0
Sep 199418399515.29$2,798
Aug 199401,04316.13$0
Jul 199401,03517.56$0
Jun 1994095017.09$0
May 19941751,01915.88$2,779
Apr 1994091414.14$0
Mar 1994061312.46$0
Feb 1994054112.50$0
Jan 1994056012.66$0
Dec 199317456012.33$2,145
Nov 1993091514.49$0
Oct 199301,05915.85$0
Sep 199301,03115.03$0
Aug 19931771,07615.66$2,772
Jul 199301,00515.46$0
Jun 199301,30216.79$0
May 199301,12817.68$0
Apr 199317691218.05$3,177
Mar 199301,04318.14$0
Feb 1993089617.90$0
Jan 1993097616.93$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.

Feb 2016 — as filed, then multipliedworked
Oil                  181 bbl  × $ 26.47 =     $4,791
Casinghead gas        53 Mcf  × $  2.06 =       $109

────────────────────────────────────────────────────
Month total                                   $4,900

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/5589 is the state's own key, not one this site invented.