WINDHAM "B"

Operated by MERIT ENERGY COMPANY (P-5 561136) in the PEGASUS (SPRABERRY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 8949District 7CField 70279750OilCasinghead gasSaveExport
Value, all time
$242 k
Jan 1993 – Apr 2015
Value, last 12 filed months
$0
at the published price for each month
Months reported
268
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 38 leases and 194 wells, and the rule below applies to all of them.

Discovered
1952-01-08
as the register files it
Field class
Oil
the register's own label
Between wells
1,320 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: PEGASUS (CONSOLIDATED).

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
OilDisposition10,398 bbl$212,559
Casinghead gasProduction20,558 Mcf$29,079
Total$241,638

11,176 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 (268)

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

268 months

Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
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 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 200972035.865.37$2,582
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 20081790101.767.88$18,215
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20053061.519.80$185
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 2002181024.583.06$4,449
Jun 200205523.733.34$184
May 2002012424.663.58$444
Apr 200218111623.653.51$4,688
Mar 2002012622.003.10$391
Feb 200218111318.222.38$3,566
Jan 2002012817.172.38$304
Dec 2001012916.932.36$305
Nov 200118412718.072.41$3,630
Oct 2001013319.782.53$336
Sep 200117713424.262.25$4,596
Aug 2001014224.873.05$434
Jul 200117914323.933.20$4,741
Jun 2001013924.563.82$532
May 200118014325.524.31$5,210
Apr 2001013724.685.34$731
Mar 200117814424.545.38$5,142
Feb 2001011927.755.77$686
Jan 2001013627.478.40$1,142
Dec 200017915826.889.12$6,253
Nov 2000015132.215.66$854
Oct 200017515531.235.15$6,263
Sep 200017214731.875.19$6,244
Aug 2000013629.644.54$618
Jul 200017311028.534.09$5,386
Jun 2000012529.304.40$550
May 200017513127.263.68$5,253
Apr 2000012324.513.12$383
Mar 200017612928.422.86$5,371
Feb 200009327.622.73$254
Jan 200017413425.272.48$4,729
Dec 1999013524.282.42$327
Nov 199917213023.192.43$4,305
Oct 1999013220.982.80$370
Sep 199917612821.752.62$4,163
Aug 1999013019.262.88$374
Jul 199917212917.892.37$3,383
Jun 1999011615.942.36$274
May 199918412115.792.32$3,186
Apr 1999011515.102.21$254
Mar 1999013812.471.84$254
Feb 19991751269.981.82$1,976
Jan 1999013710.381.90$260
Dec 19981741389.201.77$1,846
Nov 1998013510.892.19$295
Oct 199815713212.421.97$2,210
Sep 199817410012.592.08$2,399
Aug 1998011511.301.91$219
Jul 199816911311.742.24$2,237
Jun 1998011411.242.24$255
May 199816710812.622.21$2,346
Apr 1998010613.042.51$266
Mar 199816811612.802.31$2,418
Feb 1998010213.952.30$235
Jan 199816411914.702.15$2,667
Dec 1997019716.322.41$475
Nov 199716120818.193.09$3,571
Oct 1997021519.253.15$677
Sep 199717021217.742.95$3,642
Aug 1997024117.862.55$616
Jul 199717420817.582.25$3,526
Jun 1997020317.242.26$458
May 199716921618.972.31$3,705
Apr 199716621417.882.08$3,414
Mar 1997022118.951.94$429
Feb 199717120720.492.21$3,960
Jan 1997022523.483.54$796
Dec 199617621923.32$4,104
Nov 1996020221.97$0
Oct 199617522823.31$4,079
Sep 1996021922.22$0
Aug 199617122020.26$3,464
Jul 1996022819.55$0
Jun 199617223318.73$3,222
May 1996023619.43$0
Apr 199617122721.51$3,678
Mar 1996024219.38$0
Feb 1996023216.98$0
Jan 199617225417.07$2,936
Dec 1995025517.19$0
Nov 199517624616.00$2,816
Oct 1995025615.43$0
Sep 199517026016.18$2,751
Aug 199517229315.92$2,738
Jul 1995023415.24$0
Jun 199518021016.41$2,954
May 1995018917.56$0
Apr 199518018217.73$3,191
Mar 1995020616.44$0
Feb 199517721116.58$2,935
Jan 1995021715.92$0
Dec 1994021915.03$0
Nov 199418222615.90$2,894
Oct 1994023415.58$0
Sep 199417824415.29$2,722
Aug 199417925016.13$2,887
Jul 1994024817.56$0
Jun 199417623617.09$3,008
May 1994023915.88$0
Apr 1994018514.14$0
Mar 199417824012.46$2,218
Feb 199417621112.50$2,200
Jan 1994023012.66$0
Dec 199317724812.33$2,182
Nov 1993024414.49$0
Oct 199318424915.85$2,916
Sep 1993025215.03$0
Aug 199317625015.66$2,756
Jul 1993025215.46$0
Jun 199317824116.79$2,989
May 1993025017.68$0
Apr 199318321618.05$3,303
Mar 199317724718.14$3,211
Feb 1993023317.90$0
Jan 199318023316.93$3,047

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.

Jan 2009 — as filed, then multipliedworked
Oil                   72 bbl  × $ 35.86 =     $2,582
Casinghead gas         0 Mcf  × $  5.37 =         $0

────────────────────────────────────────────────────
Month total                                   $2,582

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/8949 is the state's own key, not one this site invented.