REYNOLDS-GAMBILL

Name: REYNOLDS-GAMBILL lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by STEPHENS, AUTRY C. (P-5 817550) in the CALVIN (DEAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 6694District 7CField 14937333OilCasinghead gasSave Export

Value, all time

$44 k

Jan 1993 – Mar 1996

Value, last 12 filed months

$10 k

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The CALVIN (DEAN) 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 498 leases and 1,074 wells, and the rule below applies to all of them.

Discovered

1965-11-17

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

660 ft

minimum

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

The Commission's schedule remark for this field reads: “7C,08-0209914”

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	2,800 bbl	$44,029
Casinghead gas	Production	33,653 Mcf	$0
Total			$44,029

33,653 Mcf of this lease's gas, across 34 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 (39)

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

39 months


Mar 1996	0	0	19.38	—	$0
Feb 1996	0	0	16.98	—	$0
Jan 1996	0	0	17.07	—	$0
Dec 1995	0	0	17.19	—	$0
Nov 1995	0	0	16.00	—	$0
Oct 1995	138	1,009	15.43	—	$2,129
Sep 1995	92	1,011	16.18	—	$1,489
Aug 1995	91	1,091	15.92	—	$1,449
Jul 1995	46	1,048	15.24	—	$701
Jun 1995	90	990	16.41	—	$1,477
May 1995	92	997	17.56	—	$1,616
Apr 1995	92	953	17.73	—	$1,631
Mar 1995	92	1,003	16.44	—	$1,512
Feb 1995	92	938	16.58	—	$1,525
Jan 1995	45	1,046	15.92	—	$716
Dec 1994	47	963	15.03	—	$706
Nov 1994	92	782	15.90	—	$1,463
Oct 1994	90	1,008	15.58	—	$1,402
Sep 1994	90	1,037	15.29	—	$1,376
Aug 1994	179	1,113	16.13	—	$2,887
Jul 1994	45	1,076	17.56	—	$790
Jun 1994	90	758	17.09	—	$1,538
May 1994	89	755	15.88	—	$1,413
Apr 1994	45	964	14.14	—	$636
Mar 1994	90	985	12.46	—	$1,121
Feb 1994	139	871	12.50	—	$1,738
Jan 1994	94	1,001	12.66	—	$1,190
Dec 1993	138	1,022	12.33	—	$1,702
Nov 1993	45	1,143	14.49	—	$652
Oct 1993	0	1,194	15.85	—	$0
Sep 1993	40	763	15.03	—	$601
Aug 1993	80	708	15.66	—	$1,253
Jul 1993	42	872	15.46	—	$649
Jun 1993	78	760	16.79	—	$1,310
May 1993	83	918	17.68	—	$1,467
Apr 1993	80	1,166	18.05	—	$1,444
Mar 1993	86	1,223	18.14	—	$1,560
Feb 1993	41	1,316	17.90	—	$734
Jan 1993	127	1,169	16.93	—	$2,150

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.

Oct 1995 — as filed, then multipliedworked

Oil                  138 bbl  × $ 15.43 =     $2,129
Casinghead gas     1,009 Mcf  ×  no price            —

────────────────────────────────────────────────────
Month total                                   $2,129

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/6694 is the state's own key, not one this site invented.