STRAIN, L. A. "B"

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 60594District 8AField 82710498Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$67 k
Jan 1993 – Nov 2002
Value, last 12 filed months
$11 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
OilDisposition3,268 bbl$66,721
Casinghead gasProduction21 Mcf$0
Total$66,721

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 2002161024.583.06$3,957
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 2002119023.653.51$2,814
Mar 20020022.003.10$0
Feb 2002125018.222.38$2,278
Jan 20020017.172.38$0
Dec 2001126016.932.36$2,133
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 2001127024.262.25$3,081
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 2001129024.563.82$3,168
May 20010025.524.31$0
Apr 2001124024.685.34$3,060
Mar 20010024.545.38$0
Feb 2001131027.755.77$3,635
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 2000133032.215.66$4,284
Oct 20000031.235.15$0
Sep 2000129031.875.19$4,111
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 2000119027.263.68$3,244
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 199911023.192.43$255
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 199860013.042.51$782
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 199866014.702.15$970
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 199761019.253.15$1,174
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 199795017.582.25$1,670
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 199777017.882.08$1,377
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 199658023.32$1,353
Nov 19960021.97$0
Oct 19960023.31$0
Sep 199669022.22$1,533
Aug 19960020.26$0
Jul 19960019.55$0
Jun 199658018.73$1,086
May 19960019.43$0
Apr 19960021.51$0
Mar 199678019.38$1,512
Feb 19960016.98$0
Jan 19960017.07$0
Dec 199563017.19$1,083
Nov 19950016.00$0
Oct 19950015.43$0
Sep 199577016.18$1,246
Aug 19950015.92$0
Jul 19950015.24$0
Jun 199568016.41$1,116
May 19950017.56$0
Apr 19950017.73$0
Mar 199580016.44$1,315
Feb 19950016.58$0
Jan 19950015.92$0
Dec 1994100015.03$1,503
Nov 19940015.90$0
Oct 199485015.58$1,324
Sep 19940115.29$0
Aug 19940116.13$0
Jul 1994125117.56$2,195
Jun 19940117.09$0
May 19940115.88$0
Apr 1994113114.14$1,598
Mar 19940112.46$0
Feb 19940112.50$0
Jan 19940112.66$0
Dec 1993107112.33$1,319
Nov 19930114.49$0
Oct 19930115.85$0
Sep 1993113115.03$1,698
Aug 19930115.66$0
Jul 19930115.46$0
Jun 1993101116.79$1,696
May 19930117.68$0
Apr 199390118.05$1,625
Mar 19930118.14$0
Feb 19930117.90$0
Jan 199390116.93$1,524

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                  161 bbl  × $ 24.58 =     $3,957
Casinghead gas         0 Mcf  × $  3.06 =         $0

────────────────────────────────────────────────────
Month total                                   $3,957

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/60594 is the state's own key, not one this site invented.