CROCKETT

Operated by MAGNUM ENGINEERING COMPANY (P-5 521539) in the ACKERLY (DEAN SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 62431District 8AField 00448200OilCasinghead gasSaveExport
Value, all time
$892 k
Jan 1993 – Apr 2018
Value, last 12 filed months
$0
at the published price for each month
Months reported
304
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 350 leases and 843 wells, and the rule below applies to all of them.

Discovered
1954-06-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
900 ft
minimum
From a lease line
550 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2017-01-24.

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

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
OilDisposition17,863 bbl$764,267
Casinghead gasProduction41,197 Mcf$127,910
Total$892,177

12,901 Mcf of this lease's gas, across 44 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 (304)

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

304 months

Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
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 2014191098.164.74$18,749
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 2014186097.406.19$18,116
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 2013178097.423.78$17,341
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 20131740102.523.72$17,838
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 2013200093.964.28$18,792
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 2013200091.603.42$18,320
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 2012187094.672.92$17,703
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 201218726779.822.52$15,599
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 20121930105.052.22$20,275
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 2011199095.723.31$19,048
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 2011167083.404.15$13,928
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 2011175098.134.40$17,173
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 2011180085.644.18$15,415
Jan 20110086.504.59$0
Dec 201080885.734.35$6,893
Nov 201002180.843.80$80
Oct 2010198878.103.51$15,492
Sep 201002272.633.98$88
Aug 20100473.684.42$18
Jul 201002772.554.74$128
Jun 20101919370.364.91$13,895
May 201001071.124.24$42
Apr 20100081.694.12$0
Mar 2010184078.394.39$14,424
Feb 201003273.585.44$174
Jan 201004874.365.96$286
Dec 2009177071.445.48$12,645
Nov 20090074.593.75$0
Oct 2009190072.544.11$13,783
Sep 20090165.543.06$3
Aug 200944067.423.22$2,966
Jul 20090561.133.46$17
Jun 200943366.163.90$2,857
May 20091861154.743.93$10,225
Apr 20090946.773.59$32
Mar 200902342.144.06$93
Feb 2009184832.814.63$6,074
Jan 20090035.865.37$0
Dec 200802737.105.98$161
Nov 2008173155.496.86$9,607
Oct 200801375.246.92$90
Sep 200816898101.767.88$17,868
Aug 20080150114.228.48$1,272
Jul 20080146131.0811.39$1,663
Jun 2008172145131.3313.03$24,478
May 20080140123.1711.57$1,620
Apr 20080129110.3110.45$1,349
Mar 20081660101.909.66$16,915
Feb 2008013592.538.77$1,184
Jan 2008013390.388.21$1,091
Dec 200716313088.337.30$15,347
Nov 2007014691.677.29$1,065
Oct 2007014982.856.92$1,031
Sep 200716714375.846.24$13,558
Aug 2007015069.066.39$958
Jul 200717512570.906.39$13,206
Jun 200705562.007.55$415
May 2007014758.747.85$1,153
Apr 2007013259.617.81$1,030
Mar 20071785856.927.30$10,555
Feb 20070055.108.22$0
Jan 2007178050.306.73$8,953
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 200617610054.906.01$10,264
Sep 2006015760.085.04$791
Aug 2006016268.717.34$1,189
Jul 200616516169.376.34$12,467
Jun 2006015866.286.38$1,009
May 2006015766.016.42$1,009
Apr 200617615164.397.36$12,444
Mar 2006015656.707.08$1,105
Feb 2006014357.597.75$1,108
Jan 200616315960.598.93$11,297
Dec 2005016054.9413.42$2,146
Nov 200517815754.6910.59$11,397
Oct 2005016758.3413.80$2,304
Sep 200517716761.4512.08$12,894
Aug 2005017161.519.80$1,675
Jul 2005017355.697.84$1,357
Jun 200517316752.337.38$10,286
May 2005010145.226.65$672
Apr 2005014249.207.36$1,045
Mar 2005013150.377.15$937
Feb 200517113945.226.31$8,610
Jan 2005015543.166.32$980
Dec 200417615539.866.75$8,062
Nov 2004014845.286.33$937
Oct 2004015249.706.52$990
Sep 20041719643.245.28$7,901
Aug 200408142.375.55$450
Jul 2004016038.286.08$973
Jun 200417314536.106.43$7,178
May 2004018337.486.49$1,189
Apr 200417718234.475.86$7,167
Mar 2004018334.365.53$1,012
Feb 2004016332.455.51$898
Jan 200417019132.036.30$6,648
Dec 2003019330.266.30$1,216
Nov 2003018828.804.60$864
Oct 200316819528.174.76$5,661
Sep 2003019126.314.75$907
Aug 200317019829.765.13$6,075
Jul 2003019629.415.17$1,013
Jun 2003019028.565.98$1,137
May 200316119726.595.97$5,458
Apr 2003018626.675.41$1,006
Mar 2003018631.146.10$1,134
Feb 200316318333.487.93$6,908
Jan 2003020330.315.58$1,133
Dec 200220020326.914.85$6,367
Nov 2002020324.664.14$840
Oct 2002020926.464.23$884
Sep 200218420627.443.64$5,798
Aug 2002021325.963.16$674
Jul 2002021424.583.06$655
Jun 200218920723.733.34$5,176
May 2002021424.663.58$767
Apr 200217220423.653.51$4,784
Mar 2002020822.003.10$645
Feb 2002018518.222.38$440
Jan 200218720817.172.38$3,705
Dec 2001021216.932.36$501
Nov 200117720818.072.41$3,699
Oct 2001021519.782.53$544
Sep 2001020724.262.25$466
Aug 200116819924.873.05$4,786
Jul 2001020023.933.20$639
Jun 200116720424.563.82$4,882
May 2001020625.524.31$887
Apr 2001019524.685.34$1,040
Mar 200115920724.545.38$5,015
Feb 2001018927.755.77$1,090
Jan 200116221027.478.40$6,214
Dec 2000021726.889.12$1,980
Nov 200016920232.215.66$6,586
Oct 2000014531.235.15$746
Sep 2000021831.875.19$1,131
Aug 200017222529.644.54$6,120
Jul 2000122828.534.09$961
Jun 2000123029.304.40$1,041
May 200017122427.263.68$5,486
Apr 2000021424.513.12$667
Mar 200017322028.422.86$5,546
Feb 2000020927.622.73$570
Jan 2000022525.272.48$558
Dec 199912823624.282.42$3,680
Nov 199917322723.192.43$4,564
Oct 1999023520.982.80$659
Sep 1999023121.752.62$605
Aug 19999724619.262.88$2,576
Jul 199917124517.892.37$3,640
Jun 1999023915.942.36$565
May 199917323915.792.32$3,286
Apr 1999023615.102.21$521
Mar 199916624312.471.84$2,517
Feb 199902199.981.82$398
Jan 199915622610.381.90$2,049
Dec 199802049.201.77$362
Nov 1998021010.892.19$459
Oct 199817621712.421.97$2,613
Sep 1998021212.592.08$442
Aug 199817521711.301.91$2,391
Jul 1998021711.742.24$485
Jun 199817721011.242.24$2,459
May 1998021712.622.21$479
Apr 199816520613.042.51$2,668
Mar 1998018912.802.31$436
Feb 199816617213.952.30$2,711
Jan 1998018914.702.15$407
Dec 199716319216.322.41$3,123
Nov 1997032318.193.09$998
Oct 199717337819.253.15$4,521
Sep 1997149617.742.95$1,483
Aug 199718053017.862.55$4,569
Jul 1997044217.582.25$993
Jun 1997048617.242.26$1,097
May 199716955718.972.31$4,492
Apr 1997047817.882.08$996
Mar 199716850218.951.94$4,157
Feb 1997039820.492.21$878
Jan 199717031823.483.54$5,117
Dec 1996041423.32$0
Nov 199617040721.97$3,735
Oct 1996047923.31$0
Sep 199616848422.22$3,733
Aug 1996053720.26$0
Jul 199616850919.55$3,284
Jun 1996046818.73$0
May 199616449919.43$3,187
Apr 1996043321.51$0
Mar 199616628819.38$3,217
Feb 1996139116.98$17
Jan 199618140817.07$3,090
Dec 1995038517.19$0
Nov 199518438716.00$2,944
Oct 1995037315.43$0
Sep 199517932616.18$2,896
Aug 1995033315.92$0
Jul 199516932115.24$2,576
Jun 1995033316.41$0
May 199517041717.56$2,985
Apr 199517239117.73$3,050
Mar 1995025116.44$0
Feb 199515119016.58$2,504
Jan 199517128415.92$2,722
Dec 1994022215.03$0
Nov 199418022515.90$2,862
Oct 199417526615.58$2,727
Sep 199418023015.29$2,752
Aug 199417724916.13$2,855
Jul 199409717.56$0
Jun 19945017.09$85
May 19940015.88$0
Apr 19940014.14$0
Mar 19940112.46$0
Feb 19940112.50$0
Jan 19940112.66$0
Dec 19930012.33$0
Nov 19931343514.49$1,942
Oct 1993022315.85$0
Sep 199316725315.03$2,510
Aug 199317725315.66$2,772
Jul 1993023115.46$0
Jun 199317825016.79$2,989
May 1993024617.68$0
Apr 199317423618.05$3,141
Mar 199318221118.14$3,301
Feb 1993013317.90$0
Jan 199317923016.93$3,030

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.

Jun 2014 — as filed, then multipliedworked
Oil                  191 bbl  × $ 98.16 =    $18,749
Casinghead gas         0 Mcf  × $  4.74 =         $0

────────────────────────────────────────────────────
Month total                                  $18,749

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/62431 is the state's own key, not one this site invented.