FULL SAIL

Operated by LGDC CORPORATION (P-5 500227) in the WORD, N. (EDWARDS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 230520District 02Field 98768100Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.1 M
Jun 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
228
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 111 leases and 111 wells, and the rule below applies to all of them.

Discovered
1977-03-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
330 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 2006-11-14.

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: RATION PURPOSES AND DESIGNATED AS THE WORD, N.(EDWARDS) FIELD.

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 Gas112009-03-09189892
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
CondensateDisposition1,773 bbl$126,784
GasProduction927,041 Mcf$5,014,523
Total$5,141,307

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 29.4305, -96.9027. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.43049, -96.90266 · 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
14,850 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 14,850 ft.

Completions filed
Jun 2007
1 of 1 wells

1 well

42-28533361114,850 ftJun 2007

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 (228)

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

228 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 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
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 20230078.122.24$0
Mar 20230072.852.39$0
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 20220081.844.54$0
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
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 201701,09546.772.98$3,267
Feb 201734410,99750.452.95$49,825
Jan 201718110,83149.413.42$45,972
Dec 201618813,34448.763.72$58,844
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 201602042.521.99$40
Apr 201604036.561.99$80
Mar 201606533.011.79$117
Feb 201602126.472.06$43
Jan 201607027.352.36$166
Dec 2015021432.362.00$428
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 2015056042.992.76$1,545
Aug 201501,60840.162.87$4,619
Jul 20150048.152.95$0
Jun 20157417356.152.88$4,654
May 2015017255.212.96$508
Apr 2015032549.822.71$880
Mar 2015027642.892.93$810
Feb 2015025244.662.98$750
Jan 2015067143.433.10$2,081
Dec 20140054.693.59$0
Nov 201401,29070.464.25$5,485
Oct 201401978.303.90$74
Sep 2014029086.164.05$1,173
Aug 2014101,71089.394.04$7,794
Jul 201402,00596.564.18$8,380
Jun 2014102,20398.164.74$11,417
May 20140094.734.73$0
Apr 201402095.944.81$96
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20135910588.853.74$5,635
Oct 201331,71697.423.78$6,778
Sep 201302,207104.113.72$8,205
Aug 2013142,517104.253.52$10,326
Jul 201324,710102.523.72$17,716
Jun 201356,27294.403.93$25,142
May 2013112094.834.15$593
Apr 2013116093.964.28$779
Mar 20130093.623.91$0
Feb 20132291.233.42$189
Jan 201302091.603.42$68
Dec 201202286.773.42$75
Nov 201218236986.953.62$17,163
Oct 2012019,06989.383.40$64,829
Sep 2012024,43194.672.92$71,299
Aug 201213,16192.662.91$9,285
Jul 2012311,88785.133.02$36,164
Jun 2012011,48179.822.52$28,921
May 2012911,94891.612.49$30,555
Apr 2012311,689101.652.00$23,646
Mar 2012412,428105.052.22$28,036
Feb 2012411,950101.102.57$31,119
Jan 2012814,66698.092.73$40,883
Dec 20112418,00596.873.24$60,656
Nov 2011030995.723.31$1,023
Oct 201103,02684.983.65$11,040
Sep 201133,00683.623.99$12,232
Aug 201133,62683.404.15$15,296
Jul 2011173,62694.144.52$17,980
Jun 20111011,08592.904.64$52,362
May 20111311,10598.134.40$50,191
Apr 2011611,085105.964.33$48,670
Mar 2011711,18596.364.06$46,056
Feb 2011119,77585.644.18$41,801
Jan 201111011,93286.504.59$64,268
Dec 20101713,39985.734.35$59,713
Nov 201058,44180.843.80$32,441
Oct 20101611,56478.103.51$41,826
Sep 2010011,38872.633.98$45,318
Aug 20101011,75473.684.42$52,682
Jul 2010711,67872.554.74$55,821
Jun 20102712,68970.364.91$64,208
May 2010011,53571.124.24$48,853
Apr 2010106,93381.694.12$29,400
Mar 2010011,26378.394.39$49,430
Feb 2010011,05173.585.44$60,144
Jan 2010014,08674.365.96$84,010
Dec 2009105,55971.445.48$31,199
Nov 2009011,11774.593.75$41,705
Oct 2009012,04172.544.11$49,492
Sep 2009011,82665.543.06$36,244
Aug 2009812,59267.423.22$41,067
Jul 2009912,57561.133.46$44,116
Jun 20093012,42466.163.90$50,376
May 20092613,21554.743.93$53,302
Apr 20091613,13346.773.59$47,863
Mar 20091813,87142.144.06$57,061
Feb 20091512,14232.814.63$56,746
Jan 2009713,06835.865.37$70,439
Dec 2008813,58137.105.98$81,472
Nov 2008813,81655.496.86$95,227
Oct 2008214,68775.246.92$101,814
Sep 2008515,275101.767.88$120,831
Aug 20081516,026114.228.48$137,662
Jul 20085114,137131.0811.39$167,697
Jun 20085116,586131.3313.03$222,857
May 20081716,526123.1711.57$193,371
Apr 2008016,710110.3110.45$174,701
Mar 20081617,248101.909.66$168,316
Feb 20081916,93092.538.77$150,244
Jan 2008019,21890.388.21$157,698
Dec 20071820,75088.337.30$153,106
Nov 20072021,32291.677.29$157,307
Oct 2007033,73382.856.92$233,499
Sep 2007026,10175.846.24$162,979
Aug 2007035,81769.066.39$228,797
Jul 2007022,26870.906.39$142,247
Jun 20070062.007.55$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.

Mar 2017 — as filed, then multipliedworked
Condensate             0 bbl  × $ 46.77 =         $0
Gas                1,095 Mcf  × $  2.98 =     $3,267

────────────────────────────────────────────────────
Month total                                   $3,267

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. 02/G/230520 is the state's own key, not one this site invented.