MILLS

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 5793District 8AField 82710498Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$763 k
Jan 1993 – Nov 2002
Value, last 12 filed months
$87 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
OilDisposition40,032 bbl$763,297
Casinghead gasProduction21 Mcf$0
Total$763,297

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 2002645024.583.06$15,854
Jun 2002392023.733.34$9,302
May 2002642024.663.58$15,832
Apr 2002522023.653.51$12,345
Mar 2002396022.003.10$8,712
Feb 2002524018.222.38$9,547
Jan 2002527017.172.38$9,049
Dec 2001404016.932.36$6,840
Nov 2001521018.072.41$9,414
Oct 2001392019.782.53$7,754
Sep 2001513024.262.25$12,445
Aug 2001386024.873.05$9,600
Jul 2001387023.933.20$9,261
Jun 2001521024.563.82$12,796
May 2001378025.524.31$9,647
Apr 2001388024.685.34$9,576
Mar 2001520024.545.38$12,761
Feb 2001392027.755.77$10,878
Jan 2001530027.478.40$14,559
Dec 2000259026.889.12$6,962
Nov 2000399032.215.66$12,852
Oct 2000530031.235.15$16,552
Sep 2000397031.875.19$12,652
Aug 2000397029.644.54$11,767
Jul 2000385028.534.09$10,984
Jun 2000259029.304.40$7,589
May 2000391027.263.68$10,659
Apr 2000383024.513.12$9,387
Mar 2000264028.422.86$7,503
Feb 2000379027.622.73$10,468
Jan 2000239025.272.48$6,040
Dec 1999393024.282.42$9,542
Nov 1999126023.192.43$2,922
Oct 1999213020.982.80$4,469
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 199937409.981.82$3,733
Jan 1999397010.381.90$4,121
Dec 199838609.201.77$3,551
Nov 1998400010.892.19$4,356
Oct 1998390012.421.97$4,844
Sep 1998366012.592.08$4,608
Aug 1998370011.301.91$4,181
Jul 1998374011.742.24$4,391
Jun 1998325011.242.24$3,653
May 1998372012.622.21$4,695
Apr 1998471013.042.51$6,142
Mar 1998258012.802.31$3,302
Feb 1998350013.952.30$4,883
Jan 1998347014.702.15$5,101
Dec 1997352016.322.41$5,745
Nov 1997381018.193.09$6,930
Oct 1997397019.253.15$7,642
Sep 1997263017.742.95$4,666
Aug 1997372017.862.55$6,644
Jul 1997264017.582.25$4,641
Jun 1997367017.242.26$6,327
May 1997265018.972.31$5,027
Apr 1997251017.882.08$4,488
Mar 1997345018.951.94$6,538
Feb 19970020.492.21$0
Jan 1997136023.483.54$3,193
Dec 1996268023.32$6,250
Nov 1996371021.97$8,151
Oct 1996264023.31$6,154
Sep 1996255022.22$5,666
Aug 1996264020.26$5,349
Jul 1996340019.55$6,647
Jun 1996310018.73$5,806
May 1996330019.43$6,412
Apr 1996343021.51$7,378
Mar 1996383019.38$7,423
Feb 1996262016.98$4,449
Jan 1996361017.07$6,162
Dec 1995267017.19$4,590
Nov 1995376016.00$6,016
Oct 1995372015.43$5,740
Sep 1995393016.18$6,359
Aug 1995395015.92$6,288
Jul 1995373015.24$5,685
Jun 1995362016.41$5,940
May 1995376017.56$6,603
Apr 1995378017.73$6,702
Mar 1995390016.44$6,412
Feb 1995387016.58$6,416
Jan 1995393015.92$6,257
Dec 1994377015.03$5,666
Nov 1994257015.90$4,086
Oct 1994376015.58$5,858
Sep 1994385115.29$5,887
Aug 1994377116.13$6,081
Jul 1994393117.56$6,901
Jun 1994386117.09$6,597
May 1994388115.88$6,161
Apr 1994394114.14$5,571
Mar 1994393112.46$4,897
Feb 1994389112.50$4,863
Jan 1994388112.66$4,912
Dec 1993395112.33$4,870
Nov 1993396114.49$5,738
Oct 1993375115.85$5,944
Sep 1993392115.03$5,892
Aug 1993253115.66$3,962
Jul 1993503115.46$7,776
Jun 1993383116.79$6,431
May 1993381117.68$6,736
Apr 1993505118.05$9,115
Mar 1993389118.14$7,056
Feb 1993382117.90$6,838
Jan 1993395116.93$6,687

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                  645 bbl  × $ 24.58 =    $15,854
Casinghead gas         0 Mcf  × $  3.06 =         $0

────────────────────────────────────────────────────
Month total                                  $15,854

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/5793 is the state's own key, not one this site invented.