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GIBSON SOUTH UNIT 1 DIM

Operated by INEOS USA OIL & GAS LLC (P-5 424176) in the BRISCOE RANCH (EAGLEFORD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 19493District 01Field 12018200Hydrogen sulphide fieldST-1 filingOilCasinghead gasSaveExport
Value, all time
$20.4 M
Jun 2018 – May 2026
Value, last 12 filed months
$896 k
at the published price for each month
Months reported
96
no gaps in the span
Streams
2
oil, casinghead gas

The BRISCOE RANCH (EAGLEFORD) field

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”

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
ST-11none—236818

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
OilDisposition283,373 bbl$17,219,799
Casinghead gasProduction924,577 Mcf$3,194,278
Total$20,414,077

Wells on this lease (2)

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 29.2620, -98.3735. A lease has no coordinate of its own — that point is the mean of its wells, and they span 156.1 miles, so treat it as the lease's centre and not as its location.

29.26200, -98.37353 · 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
100.0%
2 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
6,321 ft
2 wells filed one
Completion to plug
26.1 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
00.0%

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

Between 5,676 and 6,966 ft, median 6,321 ft, over the 2 wells that filed a depth.

Completions filed
Dec 1986 – Jun 2018
2 of 2 wells
Plug dates filed
Jan 2013
1 of 2 wells; 1 filed none

Last completion to plug: a median of 26.1 years across the 1 well that filed both dates, with the middle half between 26.1 years and 26.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-12737626C 1H6,966 ftJun 2018—Yes
42-0213095515,676 ftDec 1986Jan 2013Yes

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 (96)

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

96 months

May 20264662,677106.413.05$57,741
Apr 20267875,49998.932.87$93,639
Mar 20268864,63889.753.15$94,126
Feb 20267665,76463.503.75$70,258
Jan 20268425,73359.138.00$95,640
Dec 20258296,07856.664.41$73,796
Nov 20257525,30558.593.93$64,889
Oct 20258796,57459.383.30$73,921
Sep 20258976,05662.743.08$74,912
Aug 20258976,70663.933.01$77,562
Jul 20259745,91266.743.32$84,604
Jun 202548190966.483.13$34,821
May 20255521,79460.553.23$39,222
Apr 20256923,58362.363.54$55,848
Mar 20258154,16067.704.27$72,932
Feb 20259053,72870.884.34$80,329
Jan 20258944,77974.324.28$86,890
Dec 20247073,59768.993.12$60,004
Nov 20248414,02469.052.20$66,918
Oct 20248365,70471.372.28$72,678
Sep 20249935,47469.612.36$82,065
Aug 20248935,33575.632.06$78,547
Jul 20241,0144,18079.932.15$90,022
Jun 202499538178.082.63$78,693
May 202482044378.812.20$65,598
Apr 20241,03044084.451.66$87,714
Mar 20241,00945480.301.55$81,724
Feb 20247562,82776.091.78$62,566
Jan 20247673,48973.023.30$67,512
Dec 20237331,89971.262.61$57,191
Nov 20237793,04577.892.81$69,225
Oct 20238531,39585.443.09$77,187
Sep 20231,0212,92389.042.74$98,904
Aug 20239651,66280.522.67$82,144
Jul 20231,0313,20074.852.64$85,624
Jun 20231,1053,52468.962.26$84,160
May 20231,1344,63770.622.23$90,412
Apr 20231,1424,81578.122.24$99,988
Mar 20231,2605,92072.852.39$105,959
Feb 20231,1264,65375.112.47$96,047
Jan 20231,2034,58576.533.39$107,598
Dec 20221,0565,46676.415.73$112,004
Nov 20228364,17985.005.65$94,655
Oct 20221,2707,05687.185.86$152,093
Sep 20221,2487,78584.888.16$169,484
Aug 20221,4068,45694.529.13$210,074
Jul 20221,4758,760101.587.54$215,899
Jun 20221,46110,305115.097.98$250,352
May 20221,60510,869109.378.43$267,198
Apr 20221,7449,816104.226.84$248,878
Mar 20221,6488,644108.885.08$223,315
Feb 20221,8095,86791.054.86$193,216
Jan 20221,8397,55381.844.54$184,777
Dec 20211,6975,26571.323.90$141,559
Nov 20211,4775,32877.435.24$142,266
Oct 20211,6395,70879.795.71$163,391
Sep 20211,5475,84369.865.35$139,339
Aug 20212,4129,33766.024.22$198,648
Jul 20212,2397,31370.783.98$187,597
Jun 20211,0382,43169.493.38$80,349
May 20211,7097,47963.483.02$131,056
Apr 20212,5837,39860.362.76$176,317
Mar 20213,0639,51861.302.72$213,622
Feb 20212,3646,74057.805.55$174,032
Jan 20211,0933,50950.412.81$64,959
Dec 20201,2365,21044.642.68$69,114
Nov 20202,0189,16938.772.71$103,054
Oct 20202,57412,55836.972.48$126,285
Sep 20202,86613,44037.091.99$133,060
Aug 20202,4919,61639.982.39$122,525
Jul 20201,9268,63538.371.83$89,661
Jun 20203,57313,61834.901.69$147,716
May 20201,0862,37716.921.81$22,689
Apr 20202,5643,97414.751.80$44,990
Mar 20203,55511,54130.341.86$129,281
Feb 20203,37713,02949.881.98$194,251
Jan 20203,86515,57257.252.09$253,891
Dec 20194,34015,31159.012.30$291,385
Nov 20191,4014,21655.302.75$89,072
Oct 20192,83911,64053.472.42$179,953
Sep 20192,91415,52555.052.66$201,670
Aug 20194,49420,82353.112.30$286,660
Jul 20194,63522,43056.272.46$315,991
Jun 20194,62722,55352.782.49$300,397
May 20194,99024,95758.482.74$360,205
Apr 20195,50827,87862.632.75$421,650
Mar 20196,19926,79056.803.06$434,137
Feb 20195,89926,72050.852.79$374,572
Jan 20198,34733,86946.033.23$493,548
Dec 20189,47742,78846.594.19$620,620
Nov 201812,55941,59352.934.24$840,987
Oct 201817,56947,88361.443.40$1,242,150
Sep 201818,65637,12259.543.11$1,226,153
Aug 201825,93626,83359.403.07$1,622,883
Jul 201831,57424,94365.142.93$2,129,860
Jun 20183,6932,83860.183.08$230,977

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
Oil                  466 bbl  × $106.41 =    $49,587
Casinghead gas     2,677 Mcf  × $  3.05 =     $8,154

────────────────────────────────────────────────────
Month total                                  $57,741

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/O/19493 is the state's own key, not one this site invented.