LCRA/COA UNIT 5

Operated by GEOSOUTHERN ENERGY CORPORATION (P-5 301287) in the GIDDINGS (AUSTIN CHALK, GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 155125District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.6 M
Jun 1995 – Sep 2010
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
184
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 1,061 leases and 1,061 wells, and the rule below applies to all of them.

Discovered
1978-08-01
as the register files it
Field class
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 80 acres. The field rule took effect on 2018-10-16.

The Commission's schedule remark for this field reads: AMENDED DRILLING PERMITS, NOTICE, OR HEARING.

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 Gas111995-11-15132629
NGPA2none

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
CondensateDisposition132,140 bbl$2,575,972
GasProduction1,711,879 Mcf$1,989,774
Total$4,565,746

1,100,771 Mcf of this lease's gas, across 19 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 29.9432, -96.7698. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.94316, -96.76983 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
12,124 ft
1 wells filed one
Completion to plug
15.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 12,124 ft.

Completions filed
Jun 1995
1 of 1 wells
Plug dates filed
Sep 2010
1 of 1 wells

Last completion to plug: a median of 15.3 years across the 1 well that filed both dates, with the middle half between 15.3 years and 15.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-149329725DL12,124 ftJun 1995Sep 2010Yes

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 (184)

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

184 months

Sep 20100072.633.98$0
Aug 20101173.684.42$78
Jul 20101172.554.74$77
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090171.445.48$5
Nov 2009162174.593.75$12,087
Oct 20090072.544.11$0
Sep 20090265.543.06$6
Aug 20090067.423.22$0
Jul 20090261.133.46$7
Jun 20091166.163.90$70
May 20090054.743.93$0
Apr 2009614246.773.59$790
Mar 2009348342.144.06$2,087
Feb 200918131132.814.63$7,379
Jan 2009333335.865.37$1,896
Dec 2008128337.105.98$1,729
Nov 2008340455.496.86$2,938
Oct 200804175.246.92$284
Sep 20081841,687101.767.88$32,012
Aug 20083724,416114.228.48$79,951
Jul 20084663131.0811.39$8,076
Jun 20081199131.3313.03$2,725
May 20081305123.1711.57$3,653
Apr 2008181867110.3110.45$29,030
Mar 20082739101.909.66$7,346
Feb 2008024492.538.77$2,140
Jan 200818564890.388.21$22,038
Dec 2007460988.337.30$4,800
Nov 200718562191.677.29$21,487
Oct 2007552682.856.92$4,055
Sep 2007032175.846.24$2,004
Aug 20073643,13969.066.39$45,190
Jul 2007113,43770.906.39$22,735
Jun 200719289362.007.55$18,645
May 2007684258.747.85$6,959
Apr 200719545859.617.81$15,199
Mar 2007451956.927.30$4,017
Feb 2007454455.108.22$4,690
Jan 2007156950.306.73$3,878
Dec 200621254856.656.92$15,801
Nov 2006565654.207.62$5,268
Oct 2006870254.906.01$4,661
Sep 200617173860.085.04$13,991
Aug 200618077968.717.34$18,086
Jul 2006673069.376.34$5,046
Jun 2006276066.286.38$4,984
May 200617780866.016.42$16,875
Apr 2006387564.397.36$6,634
Mar 200618274756.707.08$15,610
Feb 20061281557.597.75$7,008
Jan 200619290760.598.93$19,736
Dec 20051099854.9413.42$13,938
Nov 20051149354.6910.59$5,822
Oct 20051888658.3413.80$12,154
Sep 2005611961.4512.08$1,806
Aug 200518461.519.80$884
Jul 2005812955.697.84$1,457
Jun 200518314552.337.38$10,647
May 200512645.226.65$218
Apr 20050349.207.36$22
Mar 200511450.377.15$151
Feb 200533045.226.31$325
Jan 200511243.166.32$119
Dec 2004111439.866.75$809
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040534.475.86$29
Mar 20041891,79934.365.53$16,443
Feb 200401,72732.455.51$9,515
Jan 20041911,85332.036.30$17,791
Dec 20031912,31430.266.30$20,362
Nov 20031943,08428.804.60$19,759
Oct 20031902,78628.174.76$18,613
Sep 200301,07826.314.75$5,120
Aug 20031841,06429.765.13$10,934
Jul 200312,27429.415.17$11,788
Jun 20033804,56128.565.98$38,141
May 20031923,43426.595.97$25,615
Apr 200301,04126.675.41$5,629
Mar 20031931,08731.146.10$12,636
Feb 2003097633.487.93$7,736
Jan 20031931,35130.315.58$13,391
Dec 200212,33826.914.85$11,375
Nov 20023963,33424.664.14$23,558
Oct 20021972,41426.464.23$15,422
Sep 200201,27727.443.64$4,642
Aug 20021921,50425.963.16$9,743
Jul 20021942,05024.583.06$11,045
Jun 200212,76623.733.34$9,257
May 20021973,16524.663.58$16,201
Apr 20021972,77323.653.51$14,399
Mar 20024013,08022.003.10$18,378
Feb 200223,37118.222.38$8,045
Jan 20023944,08117.172.38$16,460
Dec 20011964,24816.932.36$13,362
Nov 20011963,46718.072.41$11,882
Oct 20011952,68119.782.53$10,637
Sep 20011923,61324.262.25$12,792
Aug 20011963,58824.873.05$15,829
Jul 20011953,21223.933.20$14,935
Jun 20011953,99524.563.82$20,067
May 20013904,92525.524.31$31,166
Apr 20011985,99724.685.34$36,883
Mar 20014005,65824.545.38$40,236
Feb 20011982,79227.755.77$21,596
Jan 20013905,02727.478.40$52,934
Dec 20001974,49126.889.12$46,265
Nov 20003924,65532.215.66$38,964
Oct 20001923,15931.235.15$22,251
Sep 20001884,15531.875.19$27,541
Aug 20001955,18129.644.54$29,305
Jul 20003855,47028.534.09$33,355
Jun 20001855,49929.304.40$29,601
May 20003696,50027.263.68$33,977
Apr 20005676,79524.513.12$35,070
Mar 20003826,11728.422.86$28,350
Feb 20001844,76927.622.73$18,085
Jan 20005566,18725.272.48$29,397
Dec 19993258,09424.282.42$27,509
Nov 19993649,05023.192.43$30,469
Oct 199933710,09220.982.80$35,365
Sep 199972310,71521.752.62$43,786
Aug 19995488,79219.262.88$35,837
Jul 19993788,58917.892.37$27,139
Jun 19993604,98215.942.36$17,506
May 19994084,53115.792.32$16,959
Apr 19995559,98515.102.21$30,428
Mar 19991836,95712.471.84$15,071
Feb 19993696,9739.981.82$16,358
Jan 19993768,45410.381.90$19,965
Dec 19985577,5249.201.77$18,467
Nov 19983669,75310.892.19$25,303
Oct 19983955,90312.421.97$16,530
Sep 199879713,16012.592.08$37,442
Aug 19983905,30611.301.91$14,527
Jul 19985879,54711.742.24$28,251
Jun 199858810,43911.242.24$29,964
May 19985957,58512.622.21$24,244
Apr 199859111,01013.042.51$35,290
Mar 199878011,66512.802.31$36,924
Feb 19985943,74513.952.30$16,897
Jan 199879913,23014.702.15$40,253
Dec 199799413,16816.322.41$47,971
Nov 199760110,37318.193.09$42,967
Oct 199777411,33919.253.15$50,615
Sep 199776713,43717.742.95$53,311
Aug 199798114,70317.862.55$55,083
Jul 199777916,50817.582.25$50,787
Jun 199797217,33517.242.26$55,886
May 19971,00618,40418.972.31$61,569
Apr 199799820,55517.882.08$60,656
Mar 19971,36517,83518.951.94$60,451
Feb 19971,20918,76320.492.21$66,162
Jan 19971,38922,26923.483.54$111,439
Dec 19961,81323,97123.32$42,279
Nov 19961,77525,03921.97$38,997
Oct 19961,96027,89523.31$45,688
Sep 19961,94629,99722.22$43,240
Aug 19962,14133,44820.26$43,377
Jul 19962,52540,34719.55$49,364
Jun 19962,69841,44318.73$50,534
May 19963,45653,41719.43$67,150
Apr 19962,93733,94021.51$63,175
Mar 19963,67642,66319.38$71,241
Feb 19963,32444,63416.98$56,442
Jan 19964,42460,10017.07$75,518
Dec 19955,15572,19717.19$88,614
Nov 19956,14082,02716.00$98,240
Oct 19957,40493,60915.43$114,244
Sep 19959,869107,42716.18$159,680
Aug 199514,661134,13815.92$233,403
Jul 199517,402147,41315.24$265,206
Jun 19952047,06616.41$3,348

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.

Aug 2010 — as filed, then multipliedworked
Condensate             1 bbl  × $ 73.68 =        $74
Gas                    1 Mcf  × $  4.42 =         $4

────────────────────────────────────────────────────
Month total                                      $78

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. 03/G/155125 is the state's own key, not one this site invented.