COX A

Operated by GIEBEL PETROLEUM LTD. (P-5 304280) in the GIEBEL (CFA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 67974District 8AField 34742450Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$919 k
Aug 1998 – Jul 2004
Value, last 12 filed months
$137 k
at the published price for each month
Months reported
72
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 21 leases and 48 wells, and the rule below applies to all of them.

Discovered
not filed
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1998-08-11.

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.

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
OilDisposition23,130 bbl$564,782
Casinghead gasProduction93,197 Mcf$353,915
Total$918,697

Every month this lease reported (72)

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

72 months

Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20044071,01934.365.53$19,620
Feb 200434993632.455.51$16,482
Jan 20043531,05332.036.30$17,940
Dec 20033721,07130.266.30$18,006
Nov 20033981,00528.804.60$16,081
Oct 20033561,17428.174.76$15,616
Sep 20033691,18926.314.75$15,355
Aug 20033911,27129.765.13$18,156
Jul 20034671,32429.415.17$20,581
Jun 20033831,28828.565.98$18,645
May 20035321,39026.595.97$22,448
Apr 20033901,32026.675.41$17,539
Mar 20035781,44331.146.10$26,796
Feb 20034741,29733.487.93$26,149
Jan 20035971,49130.315.58$26,418
Dec 20025941,53226.914.85$23,421
Nov 20027011,56824.664.14$23,773
Oct 20027411,67026.464.23$26,669
Sep 20027131,89227.443.64$26,443
Aug 20028892,08425.963.16$29,673
Jul 20021,2092,77724.583.06$38,220
Jun 20022871,86723.733.34$13,043
May 20021741,01624.663.58$7,932
Apr 200219095423.653.51$7,844
Mar 20021931,07622.003.10$7,585
Feb 200223981418.222.38$6,288
Jan 20021811,06917.172.38$5,647
Dec 200110598816.932.36$4,114
Nov 20012581,00218.072.41$7,072
Oct 20011841,12619.782.53$6,487
Sep 20011791,11624.262.25$6,855
Aug 20012691,18324.873.05$10,302
Jul 20011731,21923.933.20$8,037
Jun 20011711,11524.563.82$8,464
May 20012111,17425.524.31$10,442
Apr 20011821,17624.685.34$10,766
Mar 20012751,22724.545.38$13,345
Feb 20011741,08427.755.77$11,080
Jan 20012891,23427.478.40$18,303
Dec 20001831,21126.889.12$15,966
Nov 20003221,22332.215.66$17,291
Oct 20001831,24631.235.15$12,126
Sep 20001841,32031.875.19$12,710
Aug 20002931,35529.644.54$14,837
Jul 20001841,34928.534.09$10,767
Jun 20002401,33329.304.40$12,894
May 20002461,43327.263.68$11,979
Apr 20003771,40924.513.12$13,631
Mar 20002521,46128.422.86$11,340
Feb 20002411,38227.622.73$10,424
Jan 20001911,49625.272.48$8,537
Dec 19992841,48824.282.42$10,502
Nov 19992601,49623.192.43$9,671
Oct 19992701,50420.982.80$9,881
Sep 19992711,49421.752.62$9,807
Aug 19992841,65119.262.88$10,217
Jul 19992871,68217.892.37$9,125
Jun 19993381,57215.942.36$9,101
May 19992551,69715.792.32$7,965
Apr 19993321,53015.102.21$8,392
Mar 19992931,65012.471.84$6,687
Feb 19993271,5649.981.82$6,106
Jan 19993601,77110.381.90$7,102
Dec 19983441,7029.201.77$6,183
Nov 19981811,09310.892.19$4,360
Oct 19983701,83112.421.97$8,201
Sep 19982731,83112.592.08$7,250
Aug 19985081,18911.301.91$8,008

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.

Mar 2004 — as filed, then multipliedworked
Oil                  407 bbl  × $ 34.36 =    $13,985
Casinghead gas     1,019 Mcf  × $  5.53 =     $5,635

────────────────────────────────────────────────────
Month total                                  $19,620

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/67974 is the state's own key, not one this site invented.