J. D. BILES 912W

Operated by THRESHER ENERGY, INC. (P-5 858239) in the DEMPSEY CREEK (SAN ANDRES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 70976District 8AField 24225500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$5.3 M
Oct 2018 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
92
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 61 leases and 96 wells, and the rule below applies to all of them.

Discovered
1955-07-23
as the register files it
Field class
Oil
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2012-02-28.

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: RULES AND TAKE POINTS.

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
OilDisposition92,143 bbl$5,317,019
Casinghead gasProduction11,447 Mcf$32,450
Total$5,349,469

Every month this lease reported (92)

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

92 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 2024327069.052.20$22,579
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 2024358075.632.06$27,076
Jul 2024713079.932.15$56,990
Jun 2024319078.082.63$24,908
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 2023865078.122.24$67,574
Mar 2023830072.852.39$60,466
Feb 2023813075.112.47$61,064
Jan 2023681076.533.39$52,117
Dec 2022495076.415.73$37,823
Nov 2022492085.005.65$41,820
Oct 2022707087.185.86$61,636
Sep 2022645084.888.16$54,748
Aug 2022706094.529.13$66,731
Jul 20221,0050101.587.54$102,088
Jun 20226640115.097.98$76,420
May 20226850109.378.43$74,918
Apr 20221,1530104.226.84$120,166
Mar 20221,3690108.885.08$149,057
Feb 2022850091.054.86$77,393
Jan 20221,479081.844.54$121,041
Dec 20211,159071.323.90$82,660
Nov 20211,649077.435.24$127,682
Oct 2021167079.795.71$13,325
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 2021661070.783.98$46,786
Jun 20211,194069.493.38$82,971
May 20211,146063.483.02$72,748
Apr 20211,155060.362.76$69,716
Mar 20211,244061.302.72$76,257
Feb 2021647057.805.55$37,397
Jan 20211,220050.412.81$61,500
Dec 20201,572044.642.68$70,174
Nov 20201,685038.772.71$65,327
Oct 20201,046036.972.48$38,671
Sep 20201,563037.091.99$57,972
Aug 20201,557039.982.39$62,249
Jul 20201,382038.371.83$53,027
Jun 20201,716034.901.69$59,888
May 2020739016.921.81$12,504
Apr 202070149014.751.80$11,224
Mar 20201,55356630.341.86$48,169
Feb 20201,59742049.881.98$80,490
Jan 20201,20830357.252.09$69,793
Dec 20191,73338159.012.30$103,142
Nov 20191,39744755.302.75$78,484
Oct 20191,56546553.472.42$84,805
Sep 20192,05451355.052.66$114,436
Aug 20192,06053753.112.30$110,644
Jul 20192,22652056.272.46$126,536
Jun 20192,40556452.782.49$128,341
May 20192,76064358.482.74$163,167
Apr 20193,44660762.632.75$217,493
Mar 20192,93457656.803.06$168,415
Feb 20193,80175750.852.79$195,395
Jan 20195,53999346.033.23$258,166
Dec 20189,12177146.594.19$428,174
Nov 20188,02342252.934.24$426,446
Oct 20181,3621,47261.443.40$88,683

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.

Nov 2024 — as filed, then multipliedworked
Oil                  327 bbl  × $ 69.05 =    $22,579
Casinghead gas         0 Mcf  × $  2.20 =         $0

────────────────────────────────────────────────────
Month total                                  $22,579

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/70976 is the state's own key, not one this site invented.