HUTCHISON, W.A. -A-

Name: HUTCHISON, W.A. -A- 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 8623District 7CField 14937333OilCasinghead gasSave Export

Value, all time

$53 k

Jan 1993 – Mar 1996

Value, last 12 filed months

$11 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	3,318 bbl	$52,551
Casinghead gas	Production	14,537 Mcf	$0
Total			$52,551

14,537 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	121	241	15.43	—	$1,867
Sep 1995	101	251	16.18	—	$1,634
Aug 1995	57	286	15.92	—	$907
Jul 1995	89	391	15.24	—	$1,356
Jun 1995	114	360	16.41	—	$1,871
May 1995	86	415	17.56	—	$1,510
Apr 1995	100	416	17.73	—	$1,773
Mar 1995	101	414	16.44	—	$1,660
Feb 1995	113	373	16.58	—	$1,874
Jan 1995	102	405	15.92	—	$1,624
Dec 1994	103	403	15.03	—	$1,548
Nov 1994	112	408	15.90	—	$1,781
Oct 1994	85	401	15.58	—	$1,324
Sep 1994	86	436	15.29	—	$1,315
Aug 1994	115	483	16.13	—	$1,855
Jul 1994	70	408	17.56	—	$1,229
Jun 1994	86	427	17.09	—	$1,470
May 1994	73	448	15.88	—	$1,159
Apr 1994	86	458	14.14	—	$1,216
Mar 1994	146	467	12.46	—	$1,819
Feb 1994	85	389	12.50	—	$1,063
Jan 1994	117	410	12.66	—	$1,481
Dec 1993	57	421	12.33	—	$703
Nov 1993	71	441	14.49	—	$1,029
Oct 1993	101	491	15.85	—	$1,601
Sep 1993	106	495	15.03	—	$1,593
Aug 1993	92	515	15.66	—	$1,441
Jul 1993	106	536	15.46	—	$1,639
Jun 1993	123	521	16.79	—	$2,065
May 1993	73	466	17.68	—	$1,291
Apr 1993	123	535	18.05	—	$2,220
Mar 1993	122	518	18.14	—	$2,213
Feb 1993	105	438	17.90	—	$1,880
Jan 1993	91	470	16.93	—	$1,541

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                  121 bbl  × $ 15.43 =     $1,867
Casinghead gas       241 Mcf  ×  no price            —

────────────────────────────────────────────────────
Month total                                   $1,867

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/8623 is the state's own key, not one this site invented.