SAYLES "3"

Operated by DOOLIES PRODUCTION (P-5 224383) 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 61488District 8AField 82710498Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$131 k
Jan 1993 – Mar 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
183
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
OilDisposition7,298 bbl$130,721
Casinghead gasProduction61 Mcf$33
Total$130,754

48 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 (183)

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

183 months

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 20050061.519.80$0
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 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 200116024.262.25$388
Aug 2001102024.873.05$2,537
Jul 20010023.933.20$0
Jun 200149024.563.82$1,203
May 200160025.524.31$1,531
Apr 200188024.685.34$2,172
Mar 20010024.545.38$0
Feb 2001146027.755.77$4,052
Jan 20010027.478.40$0
Dec 2000163026.889.12$4,381
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 200065031.875.19$2,072
Aug 200068029.644.54$2,016
Jul 200077028.534.09$2,197
Jun 200077029.304.40$2,256
May 2000114027.263.68$3,108
Apr 20000024.513.12$0
Mar 200046028.422.86$1,307
Feb 200027027.622.73$746
Jan 200036025.272.48$910
Dec 19990024.282.42$0
Nov 199967023.192.43$1,554
Oct 1999158020.982.80$3,315
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 1999106017.892.37$1,896
Jun 1999169015.942.36$2,694
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 199935012.471.84$436
Feb 19995009.981.82$499
Jan 199973010.381.90$758
Dec 1998009.201.77$0
Nov 199882010.892.19$893
Oct 199882012.421.97$1,018
Sep 1998104012.592.08$1,309
Aug 1998121011.301.91$1,367
Jul 1998110011.742.24$1,291
Jun 1998105011.242.24$1,180
May 1998151012.622.21$1,906
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980114.702.15$2
Dec 19970116.322.41$2
Nov 1997100118.193.09$1,822
Oct 19970119.253.15$3
Sep 19970117.742.95$3
Aug 19970117.862.55$3
Jul 199747117.582.25$829
Jun 19970117.242.26$2
May 199739118.972.31$742
Apr 199766117.882.08$1,182
Mar 199797118.951.94$1,840
Feb 1997147120.492.21$3,014
Jan 19970123.483.54$4
Dec 19960123.32$0
Nov 199650121.97$1,099
Oct 199631123.31$723
Sep 199669122.22$1,533
Aug 199676120.26$1,540
Jul 199666119.55$1,290
Jun 1996117118.73$2,191
May 19960119.43$0
Apr 199670121.51$1,506
Mar 199684119.38$1,628
Feb 199689116.98$1,511
Jan 199688117.07$1,502
Dec 1995103117.19$1,771
Nov 1995111116.00$1,776
Oct 1995120115.43$1,852
Sep 199579116.18$1,278
Aug 1995176115.92$2,802
Jul 19950115.24$0
Jun 19950116.41$0
May 1995104117.56$1,826
Apr 199556117.73$993
Mar 199588116.44$1,447
Feb 1995115116.58$1,907
Jan 199582115.92$1,305
Dec 199487115.03$1,308
Nov 199485115.90$1,352
Oct 199496115.58$1,496
Sep 199496115.29$1,468
Aug 1994109116.13$1,758
Jul 199477117.56$1,352
Jun 1994115117.09$1,965
May 1994117115.88$1,858
Apr 199493114.14$1,315
Mar 199473112.46$910
Feb 199468112.50$850
Jan 199470112.66$886
Dec 1993111112.33$1,369
Nov 1993138114.49$2,000
Oct 1993152115.85$2,409
Sep 1993136115.03$2,044
Aug 1993134115.66$2,098
Jul 1993155115.46$2,396
Jun 199378116.79$1,310
May 199394117.68$1,662
Apr 199388118.05$1,588
Mar 199390118.14$1,633
Feb 1993104117.90$1,862
Jan 1993115116.93$1,947

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.

Sep 2001 — as filed, then multipliedworked
Oil                   16 bbl  × $ 24.26 =       $388
Casinghead gas         0 Mcf  × $  2.25 =         $0

────────────────────────────────────────────────────
Month total                                     $388

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/61488 is the state's own key, not one this site invented.