COUEY, M. L. -B-

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

Operated by CITATION OIL & GAS CORP. (P-5 154235) 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 6920District 7CField 14937333OilCasinghead gasSave Export

Value, all time

$57 k

Jan 1993 – Feb 1996

Value, last 12 filed months

$15 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	3,595 bbl	$57,200
Casinghead gas	Production	35,213 Mcf	$0
Total			$57,200

35,213 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 (38)

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

38 months


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	156	1,090	15.43	—	$2,407
Sep 1995	127	1,058	16.18	—	$2,055
Aug 1995	118	1,112	15.92	—	$1,879
Jul 1995	122	1,171	15.24	—	$1,859
Jun 1995	121	1,081	16.41	—	$1,986
May 1995	0	1,124	17.56	—	$0
Apr 1995	131	1,160	17.73	—	$2,323
Mar 1995	130	1,132	16.44	—	$2,137
Feb 1995	0	914	16.58	—	$0
Jan 1995	131	1,043	15.92	—	$2,086
Dec 1994	135	1,099	15.03	—	$2,029
Nov 1994	140	835	15.90	—	$2,226
Oct 1994	144	645	15.58	—	$2,244
Sep 1994	0	1,098	15.29	—	$0
Aug 1994	148	1,089	16.13	—	$2,387
Jul 1994	144	1,116	17.56	—	$2,529
Jun 1994	151	1,095	17.09	—	$2,581
May 1994	149	1,180	15.88	—	$2,366
Apr 1994	0	912	14.14	—	$0
Mar 1994	109	1,066	12.46	—	$1,358
Feb 1994	95	689	12.50	—	$1,188
Jan 1994	113	798	12.66	—	$1,431
Dec 1993	97	1,042	12.33	—	$1,196
Nov 1993	86	1,004	14.49	—	$1,246
Oct 1993	120	1,087	15.85	—	$1,902
Sep 1993	0	1,118	15.03	—	$0
Aug 1993	132	1,127	15.66	—	$2,067
Jul 1993	112	1,014	15.46	—	$1,732
Jun 1993	130	1,066	16.79	—	$2,183
May 1993	152	1,073	17.68	—	$2,687
Apr 1993	135	1,147	18.05	—	$2,437
Mar 1993	134	1,072	18.14	—	$2,431
Feb 1993	0	971	17.90	—	$0
Jan 1993	133	985	16.93	—	$2,252

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                  156 bbl  × $ 15.43 =     $2,407
Casinghead gas     1,090 Mcf  ×  no price            —

────────────────────────────────────────────────────
Month total                                   $2,407

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/6920 is the state's own key, not one this site invented.