GATES 010 CHK-B 1286 W

Operated by CRESCENT ENERGY OPERATING, LLC (P-5 103575) in the BRISCOE RANCH (EAGLEFORD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 295423District 01Field 12018200Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$24.2 M
May 2023 – May 2026
Value, last 12 filed months
$5.0 M
at the published price for each month
Months reported
37
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 5,584 leases and 8,017 wells, and the rule below applies to all of them.

Discovered
2007-11-05
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 2013-04-09.

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: MAY ELECT TO CLASSIFY AS PERMANENT GAS WELL

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
CondensateDisposition213,633 bbl$15,902,173
GasProduction2,878,060 Mcf$8,275,946
Total$24,178,119

Every month this lease reported (37)

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

37 months

May 20262,89644,709106.413.05$444,340
Apr 20263,16144,98898.932.87$441,821
Mar 20263,07646,22989.753.15$421,666
Feb 20263,07642,81063.503.75$355,877
Jan 20263,83546,54059.138.00$598,987
Dec 20253,82550,36156.664.41$438,986
Nov 20253,37049,09758.593.93$390,225
Oct 20253,64450,44459.383.30$383,090
Sep 20253,12249,82862.743.08$349,191
Aug 20253,29854,24563.933.01$374,377
Jul 20253,56156,49066.743.32$424,937
Jun 20253,49554,63566.483.13$403,285
May 20253,91857,48160.553.23$423,032
Apr 20253,82661,52462.363.54$456,576
Mar 20252,84149,79467.704.27$404,872
Feb 20253,99754,37670.884.34$519,345
Jan 20254,36961,47474.324.28$587,732
Dec 20244,57263,45468.993.12$513,486
Nov 20244,45164,23869.052.20$448,565
Oct 20244,94669,52671.372.28$511,613
Sep 20244,98571,99469.612.36$517,226
Aug 20243,44761,37375.632.06$387,348
Jul 20242,33430,07579.932.15$251,115
Jun 20241,79428,77378.082.63$215,863
May 20246,09792,27478.812.20$683,363
Apr 20246,53995,79884.451.66$711,167
Mar 20245,88391,10780.301.55$613,177
Feb 20247,26099,42576.091.78$729,752
Jan 20247,867109,09573.023.30$934,207
Dec 20238,745118,96071.262.61$933,740
Nov 20238,924126,52277.892.81$1,050,308
Oct 202310,934147,35585.443.09$1,389,127
Sep 202311,509134,19089.042.74$1,391,776
Aug 202311,822157,76280.522.67$1,373,586
Jul 202318,003213,20574.852.64$1,910,770
Jun 202317,371160,97368.962.26$1,561,458
May 20236,84066,93670.622.23$632,134

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         2,896 bbl  × $106.41 =   $308,163
Gas               44,709 Mcf  × $  3.05 =   $136,176

────────────────────────────────────────────────────
Month total                                 $444,340

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/295423 is the state's own key, not one this site invented.