PIERCE

Operated by VERDUN OIL EF II LLC (P-5 102886) in the EAGLEVILLE (EAGLE FORD-1) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 274947District 01Field 27135700Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.2 M
Apr 2014 – May 2026
Value, last 12 filed months
$220 k
at the published price for each month
Months reported
146
no gaps in the span
Streams
2
condensate, 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 5,086 leases and 10,995 wells, and the rule below applies to all of them.

Discovered
2009-08-12
as the register files it
Field class
Oil and gas
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 40 acres. The field rule took effect on 2017-02-28.

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: BASED ON 3000 TO 1 GAS OIL RATIO

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112016-02-11215472
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition103,511 bbl$6,095,467
GasProduction362,394 Mcf$1,135,606
Total$7,231,073

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 28.3424, -99.1170. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.34238, -99.11695 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,918 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 9,918 ft.

Completions filed
Oct 2014
1 of 1 wells

1 well

42-2833441930H9,918 ftOct 2014

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (146)

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

146 months

May 20261966106.413.05$20,875
Apr 202616014898.932.87$16,254
Mar 2026056189.753.15$1,767
Feb 2026048063.503.75$1,800
Jan 202615259459.138.00$13,739
Dec 20252331,40956.664.41$19,420
Nov 20252251,07858.593.93$17,415
Oct 202534651859.383.30$22,257
Sep 202529999762.743.08$21,827
Aug 20254971,19463.933.01$35,373
Jul 202539386966.743.32$29,110
Jun 202529225266.483.13$20,201
May 202549781660.553.23$32,731
Apr 202565385862.363.54$43,761
Mar 20256571,35167.704.27$50,245
Feb 202566376470.884.34$50,310
Jan 20258351,14174.324.28$66,939
Dec 20247851,41268.993.12$58,565
Nov 20247901,09069.052.20$56,946
Oct 20245001,00471.372.28$37,976
Sep 202432799469.612.36$25,113
Aug 202457265075.632.06$44,602
Jul 20249131,22279.932.15$75,599
Jun 202441774178.082.63$34,511
May 20248401,25078.812.20$68,948
Apr 20247091,59284.451.66$62,517
Mar 20245551,49580.301.55$46,876
Feb 20246731,38576.091.78$53,679
Jan 20244631,68373.023.30$39,358
Dec 20235381,40171.262.61$41,996
Nov 202354981077.892.81$45,036
Oct 20238261,30085.443.09$74,587
Sep 20238641,10989.042.74$79,964
Aug 202351488680.522.67$43,755
Jul 202351435074.852.64$39,398
Jun 20233694968.962.26$25,557
May 20233079870.622.23$21,899
Apr 202335523878.122.24$28,265
Mar 202339958372.852.39$30,462
Feb 20233191,10275.112.47$26,677
Jan 202338996776.533.39$33,046
Dec 202263892176.415.73$54,026
Nov 20226541,23785.005.65$62,574
Oct 20226641,59287.185.86$67,223
Sep 20227671,01284.888.16$73,365
Aug 20227191,39094.529.13$80,647
Jul 20226551,528101.587.54$78,059
Jun 20226861,450115.097.98$90,519
May 20226601,227109.378.43$82,532
Apr 20226291,684104.226.84$77,069
Mar 20224501,611108.885.08$57,174
Feb 20227261,60491.054.86$73,896
Jan 20228951,68581.844.54$80,893
Dec 20219542,01771.323.90$75,904
Nov 20216731,80477.435.24$61,558
Oct 20219132,12079.795.71$84,962
Sep 20217772,07169.865.35$65,363
Aug 20218392,03466.024.22$63,975
Jul 20217332,14470.783.98$60,419
Jun 20218552,56669.493.38$68,089
May 20217403,01163.483.02$56,061
Apr 20219331,82860.362.76$61,358
Mar 202148953661.302.72$31,432
Feb 202149219857.805.55$29,536
Jan 202185068850.412.81$44,782
Dec 20205011,13744.642.68$25,407
Nov 20208952,12838.772.71$40,459
Oct 20203591,19336.972.48$16,229
Sep 20206081,13337.091.99$24,807
Aug 20204473,75839.982.39$26,834
Jul 20204167138.371.83$16,092
Jun 20204131,33134.901.69$16,664
May 20200016.921.81$0
Apr 20202414,64614.751.80$11,938
Mar 20202854,93430.341.86$17,806
Feb 2020592,57949.881.98$8,051
Jan 2020694,46257.252.09$13,297
Dec 2019895,72859.012.30$18,451
Nov 2019491,99855.302.75$8,206
Oct 2019364,25153.472.42$12,206
Sep 201994,41155.052.66$12,217
Aug 2019323,71353.112.30$10,256
Jul 20199639456.272.46$6,371
Jun 2019721052.782.49$3,825
May 20190858.482.74$22
Apr 201925562.632.75$277
Mar 201901056.803.06$31
Feb 2019089650.852.79$2,502
Jan 201906846.033.23$220
Dec 2018058246.594.19$2,436
Nov 201802,36552.934.24$10,021
Oct 201801861.443.40$61
Sep 201829659.543.11$417
Aug 20184253959.403.07$4,148
Jul 20185749465.142.93$5,161
Jun 201821364160.183.08$14,791
May 20184161665.382.90$4,467
Apr 20184417563.842.90$3,317
Mar 2018524661.222.79$3,312
Feb 20187421061.782.77$5,153
Jan 201876018262.874.01$48,511
Dec 20171,0355,92457.272.92$76,582
Nov 201716080955.423.12$11,390
Oct 20175122149.292.98$3,173
Sep 2017844447.523.09$4,128
Aug 201712950245.373.00$7,361
Jul 201710420543.873.09$5,195
Jun 201723896742.493.09$13,098
May 20173824,16745.373.26$30,930
Apr 20173954,14147.933.21$32,232
Mar 201724830946.772.98$12,521
Feb 20175787550.452.95$5,459
Jan 20173368549.413.42$3,972
Dec 20164180648.763.72$5,000
Nov 201614166442.492.64$7,747
Oct 20169748146.193.09$5,967
Sep 20166114041.553.10$2,969
Aug 20161869741.442.92$7,992
Jul 201631625341.622.92$13,892
Jun 20164762,27145.352.69$27,686
May 20163278942.521.99$14,081
Apr 20161,5015,07736.561.99$64,985
Mar 20161,8484,76733.011.79$69,555
Feb 20161,4464,10826.472.06$46,753
Jan 20162,3275,99527.352.36$77,818
Dec 20151,5411,81532.362.00$53,499
Nov 20151,9473,96438.792.17$84,115
Oct 20151,7568,15543.552.43$96,263
Sep 20151,33310,12242.992.76$85,226
Aug 20152,10410,18040.162.87$113,739
Jul 20152,20610,53348.152.95$137,239
Jun 20152,3399,23356.152.88$157,952
May 20152,42715,00955.212.96$178,353
Apr 20153,19121,06449.822.71$215,987
Mar 20154,25427,74342.892.93$263,872
Feb 20156,48325,51044.662.98$365,453
Jan 20152,4935,65943.433.10$125,817
Dec 20145,18714,82754.693.59$336,926
Nov 201411,20724,38470.464.25$893,322
Oct 20144211,31678.303.90$38,098
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$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.

May 2026 — as filed, then multipliedworked
Condensate           196 bbl  × $106.41 =    $20,856
Gas                    6 Mcf  × $  3.05 =        $18

────────────────────────────────────────────────────
Month total                                  $20,875

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. 01/G/274947 is the state's own key, not one this site invented.