MORRILL-DREADNOUGHT UNIT A

Operated by VERDUN OIL & GAS LLC (P-5 884566) 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 298867District 01Field 27135700Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$16.7 M
Aug 2021 – May 2026
Value, last 12 filed months
$2.4 M
at the published price for each month
Months reported
58
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
NGPA1none
ST-1112026-01-27238364

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
CondensateDisposition199,537 bbl$14,959,237
GasProduction640,971 Mcf$1,706,288
Total$16,665,524

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 28.5857, -98.3743. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.58572, -98.37425 · 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
11,457 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 11,457 ft.

Completions filed
Jan 2022
1 of 1 wells

1 well

42-311371501H11,457 ftJan 2022

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 (58)

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

58 months

May 20262,6225,791106.413.05$296,645
Apr 20261,6691,72798.932.87$170,070
Mar 20262,2114,39789.753.15$212,285
Feb 20262,1284,91863.503.75$153,572
Jan 20262,0242,52959.138.00$139,906
Dec 20252,5756,31756.664.41$173,779
Nov 20252,5176,07658.593.93$171,328
Oct 20252,7508,14959.383.30$190,226
Sep 20252,2695,50162.743.08$159,283
Aug 20252,7876,88663.933.01$198,933
Jul 20252,9158,56366.743.32$222,935
Jun 20253,67510,96566.483.13$278,620
May 20251,53086360.553.23$95,431
Apr 20252,8676,74962.363.54$202,699
Mar 20252,9006,47767.704.27$223,976
Feb 20253,0177,97670.884.34$248,468
Jan 20253,8139,90074.324.28$325,741
Dec 20244,43410,76468.993.12$339,500
Nov 20244,17312,42469.052.20$315,459
Oct 20244,87712,45271.372.28$376,479
Sep 20243,3018,93969.612.36$250,918
Aug 20244,40512,33475.632.06$358,603
Jul 20245,05613,48479.932.15$433,071
Jun 20245,16713,66778.082.63$439,438
May 20245,35613,10478.812.20$450,915
Apr 20245,42313,01684.451.66$479,569
Mar 20246,26316,10280.301.55$527,799
Feb 20246,15416,17976.091.78$497,115
Jan 20246,25718,08673.023.30$516,528
Dec 20236,60019,89171.262.61$522,246
Nov 20236,46520,66677.892.81$561,580
Oct 20238,40625,03785.443.09$795,505
Sep 20236,04422,93189.042.74$600,875
Aug 20239,33232,08280.522.67$837,164
Jul 20239,07850,78774.852.64$813,657
Jun 20238,01236,88868.962.26$635,818
May 20239,53563,65370.622.23$815,142
Apr 20238,87946,92778.122.24$798,639
Mar 202313,92949,42172.852.39$1,133,000
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20228,1228,35381.844.54$702,608
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$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         2,622 bbl  × $106.41 =   $279,007
Gas                5,791 Mcf  × $  3.05 =    $17,638

────────────────────────────────────────────────────
Month total                                 $296,645

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/298867 is the state's own key, not one this site invented.