DAVENPORT, R. S. -46-

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 7406District 7CField 14937333OilCasinghead gasSaveExport
Value, all time
$27 k
Jan 1993 – Jun 1995
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
30
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 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.

StreamBasisVolumeValue
OilDisposition1,691 bbl$27,219
Casinghead gasProduction13,967 Mcf$0
Total$27,219

13,967 Mcf of this lease's gas, across 27 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 (30)

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

30 months

Jun 19950016.41$0
May 19950017.56$0
Apr 1995422017.73$7,482
Mar 19950116.44$0
Feb 19950116.58$0
Jan 19950115.92$0
Dec 19940115.03$0
Nov 19940115.90$0
Oct 19940115.58$0
Sep 19940115.29$0
Aug 19940116.13$0
Jul 19940117.56$0
Jun 19940117.09$0
May 1994025715.88$0
Apr 199418231814.14$2,573
Mar 199435736212.46$4,448
Feb 1994032612.50$0
Jan 1994080212.66$0
Dec 199301,18012.33$0
Nov 199301,03514.49$0
Oct 1993064015.85$0
Sep 1993064215.03$0
Aug 199317756215.66$2,772
Jul 199301,18515.46$0
Jun 199301,26816.79$0
May 199301,13417.68$0
Apr 1993090718.05$0
Mar 199318783018.14$3,392
Feb 19933661,32417.90$6,551
Jan 199301,18516.93$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.

Apr 1995 — as filed, then multipliedworked
Oil                  422 bbl  × $ 17.73 =     $7,482
Casinghead gas         0 Mcf  ×  no price            —

────────────────────────────────────────────────────
Month total                                   $7,482

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/7406 is the state's own key, not one this site invented.