STRAIN, E. T. -F-

Operated by SCHLACHTER OPERATING CORPORATION (P-5 753981) in the SHARON RIDGE (1700) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5672District 8AField 82710498Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$147 k
Jan 1993 – Nov 2002
Value, last 12 filed months
$15 k
at the published price for each month
Months reported
119
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 403 leases and 3,269 wells, and the rule below applies to all of them.

Discovered
1923-12-29
as the register files it
Field class
Oil
the register's own label
Between wells
0 ft
minimum
From a lease line
165 ft
minimum

A drilling unit in this field needs at least 5 acres. The field rule took effect on 2014-02-18.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: REQUIRED.

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
OilDisposition8,008 bbl$147,338
Casinghead gasProduction21 Mcf$0
Total$147,338

21 Mcf of this lease's gas, across 21 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 (119)

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

119 months

Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 200279024.583.06$1,942
Jun 2002122023.733.34$2,895
May 2002122024.663.58$3,009
Apr 20020023.653.51$0
Mar 2002126022.003.10$2,772
Feb 20020018.222.38$0
Jan 2002123017.172.38$2,112
Dec 2001125016.932.36$2,116
Nov 20010018.072.41$0
Oct 2001129019.782.53$2,552
Sep 20010024.262.25$0
Aug 2001126024.873.05$3,134
Jul 2001126023.933.20$3,015
Jun 20010024.563.82$0
May 2001124025.524.31$3,164
Apr 2001125024.685.34$3,085
Mar 2001125024.545.38$3,068
Feb 2001250027.755.77$6,938
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 200079032.215.66$2,545
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 199749020.492.21$1,004
Jan 199796023.483.54$2,254
Dec 199695023.32$2,215
Nov 199689021.97$1,955
Oct 1996107023.31$2,494
Sep 1996106022.22$2,355
Aug 199691020.26$1,844
Jul 1996101019.55$1,975
Jun 199661018.73$1,143
May 199693019.43$1,807
Apr 1996104021.51$2,237
Mar 199692019.38$1,783
Feb 1996101016.98$1,715
Jan 1996114017.07$1,946
Dec 1995113017.19$1,942
Nov 1995104016.00$1,664
Oct 1995110015.43$1,697
Sep 199588016.18$1,424
Aug 1995101015.92$1,608
Jul 199597015.24$1,478
Jun 1995128016.41$2,100
May 1995127017.56$2,230
Apr 1995125017.73$2,216
Mar 1995127016.44$2,088
Feb 1995129016.58$2,139
Jan 1995128015.92$2,038
Dec 1994131015.03$1,969
Nov 1994128015.90$2,035
Oct 1994128015.58$1,994
Sep 1994125115.29$1,911
Aug 1994129116.13$2,081
Jul 1994126117.56$2,213
Jun 1994115117.09$1,965
May 1994110115.88$1,747
Apr 1994260114.14$3,676
Mar 1994128112.46$1,595
Feb 1994129112.50$1,613
Jan 1994130112.66$1,646
Dec 1993123112.33$1,517
Nov 1993254114.49$3,680
Oct 1993260115.85$4,121
Sep 19930115.03$0
Aug 1993126115.66$1,973
Jul 1993127115.46$1,963
Jun 1993250116.79$4,198
May 1993128117.68$2,263
Apr 1993129118.05$2,328
Mar 1993254118.14$4,608
Feb 1993130117.90$2,327
Jan 1993131116.93$2,218

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.

Jul 2002 — as filed, then multipliedworked
Oil                   79 bbl  × $ 24.58 =     $1,942
Casinghead gas         0 Mcf  × $  3.06 =         $0

────────────────────────────────────────────────────
Month total                                   $1,942

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. 8A/O/5672 is the state's own key, not one this site invented.