COTHES

Operated by SEABOARD OIL COMPANY (P-5 760901) in the HARRIS field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 68009District 8AField 39242001Hydrogen sulphide fieldOilSaveExport
Value, all time
$117 k
Apr 1998 – May 2002
Value, last 12 filed months
$24 k
at the published price for each month
Months reported
50
no gaps in the span
Streams
1
oil

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 54 leases and 543 wells, and the rule below applies to all of them.

Discovered
1949-10-16
as the register files it
Field class
Oil
the register's own label
Between wells
600 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 1990-12-03.

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: PER DOC 8A-95247 FLD RULES AMENDED EFF 12-3-90

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
OilDisposition5,618 bbl$117,114
Total$117,114

Every month this lease reported (50)

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

50 months

May 2002024.663.58$0
Apr 2002023.653.51$0
Mar 20026922.003.10$1,518
Feb 20029118.222.38$1,658
Jan 200219417.172.38$3,331
Dec 200114416.932.36$2,438
Nov 20017318.072.41$1,319
Oct 200114719.782.53$2,908
Sep 20017124.262.25$1,722
Aug 200113324.873.05$3,308
Jul 200110023.933.20$2,393
Jun 200113524.563.82$3,316
May 200110825.524.31$2,756
Apr 200110824.685.34$2,665
Mar 200114624.545.38$3,583
Feb 200111027.755.77$3,053
Jan 200110627.478.40$2,912
Dec 200014426.889.12$3,871
Nov 200011032.215.66$3,543
Oct 200014431.235.15$4,497
Sep 200010831.875.19$3,442
Aug 200014329.644.54$4,239
Jul 200011028.534.09$3,138
Jun 200010729.304.40$3,135
May 200013027.263.68$3,544
Apr 200015824.513.12$3,873
Mar 200010228.422.86$2,899
Feb 200013927.622.73$3,839
Jan 200010525.272.48$2,653
Dec 199913024.282.42$3,156
Nov 199913523.192.43$3,131
Oct 199910120.982.80$2,119
Sep 199913721.752.62$2,980
Aug 19998419.262.88$1,618
Jul 199913917.892.37$2,487
Jun 199916915.942.36$2,694
May 19995715.792.32$900
Apr 199911415.102.21$1,721
Mar 199915912.471.84$1,983
Feb 1999639.981.82$629
Jan 199910210.381.90$1,059
Dec 19981359.201.77$1,242
Nov 199832510.892.19$3,539
Oct 1998012.421.97$0
Sep 1998012.592.08$0
Aug 199811011.301.91$1,243
Jul 199811011.742.24$1,291
Jun 199813011.242.24$1,461
May 199818312.622.21$2,309
Apr 1998013.042.51$0

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 2002 — as filed, then multipliedworked
Oil                   69 bbl  × $ 22.00 =     $1,518

────────────────────────────────────────────────────
Month total                                   $1,518

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/68009 is the state's own key, not one this site invented.