GIBBS

Name: GIBBS lease production and value, Feb 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by GAITHER PETROLEUM CORPORATION (P-5 292850) in the DEAN LAKE (WILCOX 13300) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 157755District 03Field 23745700CondensateGasSave Export

Value, all time

$1.0 M

Feb 1996 – Apr 2018

Value, last 12 filed months

at the published price for each month

Months reported

267

no gaps in the span

Streams

condensate, gas

The DEAN LAKE (WILCOX 13300) 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 4 leases and 4 wells, and the rule below applies to all of them.

Discovered

1984-06-23

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 03/01/2001.”

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.

Stream	Basis	Volume	Value
Condensate	Disposition	3,622 bbl	$95,157
Gas	Production	312,624 Mcf	$924,331
Total			$1,019,488

55,664 Mcf of this lease's gas, across 11 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 30.2702, -95.7220. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.27021, -95.72203 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

14,238 ft

1 wells filed one

Completion to plug

20.5 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 14,238 ft.

Completions filed

Feb 1996

1 of 1 wells

Plug dates filed

Aug 2016

1 of 1 wells

Last completion to plug: a median of 20.5 years across the 1 well that filed both dates, with the middle half between 20.5 years and 20.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-33930906	2	14,238 ft	Feb 1996	Aug 2016	Yes

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 (267)

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

267 months


Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	20	26.47	2.06	$41
Jan 2016	0	30	27.35	2.36	$71
Dec 2015	0	200	32.36	2.00	$400
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	155	40.16	2.87	$445
Jul 2015	0	155	48.15	2.95	$456
Jun 2015	0	240	56.15	2.88	$692
May 2015	0	195	55.21	2.96	$576
Apr 2015	0	365	49.82	2.71	$988
Mar 2015	0	340	42.89	2.93	$998
Feb 2015	0	190	44.66	2.98	$565
Jan 2015	0	310	43.43	3.10	$961
Dec 2014	0	375	54.69	3.59	$1,347
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	280	78.30	3.90	$1,092
Sep 2014	0	350	86.16	4.05	$1,416
Aug 2014	0	435	89.39	4.04	$1,755
Jul 2014	0	505	96.56	4.18	$2,111
Jun 2014	0	230	98.16	4.74	$1,089
May 2014	0	210	94.73	4.73	$993
Apr 2014	0	225	95.94	4.81	$1,082
Mar 2014	0	100	95.89	5.06	$506
Feb 2014	0	330	97.40	6.19	$2,043
Jan 2014	0	660	90.40	4.86	$3,208
Dec 2013	0	450	91.82	4.35	$1,960
Nov 2013	0	485	88.85	3.74	$1,813
Oct 2013	0	390	97.42	3.78	$1,474
Sep 2013	0	430	104.11	3.72	$1,599
Aug 2013	36	640	104.25	3.52	$6,007
Jul 2013	0	525	102.52	3.72	$1,952
Jun 2013	0	340	94.40	3.93	$1,337
May 2013	0	465	94.83	4.15	$1,929
Apr 2013	0	380	93.96	4.28	$1,627
Mar 2013	0	470	93.62	3.91	$1,839
Feb 2013	69	245	91.23	3.42	$7,133
Jan 2013	0	540	91.60	3.42	$1,847
Dec 2012	0	279	86.77	3.42	$954
Nov 2012	0	395	86.95	3.62	$1,432
Oct 2012	0	540	89.38	3.40	$1,836
Sep 2012	0	430	94.67	2.92	$1,255
Aug 2012	0	786	92.66	2.91	$2,286
Jul 2012	0	310	85.13	3.02	$936
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	43	0	83.62	3.99	$3,596
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	192	86.50	4.59	$881
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	116	78.10	3.51	$407
Sep 2010	0	204	72.63	3.98	$812
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	58	72.55	4.74	$275
Jun 2010	0	115	70.36	4.91	$565
May 2010	0	118	71.12	4.24	$500
Apr 2010	0	468	81.69	4.12	$1,929
Mar 2010	0	518	78.39	4.39	$2,273
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	392	74.36	5.96	$2,338
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	366	74.59	3.75	$1,373
Oct 2009	0	226	72.54	4.11	$929
Sep 2009	0	542	65.54	3.06	$1,661
Aug 2009	0	1	67.42	3.22	$3
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	64	54.74	3.93	$251
Apr 2009	0	151	46.77	3.59	$542
Mar 2009	0	772	42.14	4.06	$3,134
Feb 2009	0	396	32.81	4.63	$1,835
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	6	131.08	11.39	$68
Jun 2008	0	242	131.33	13.03	$3,154
May 2008	0	2	123.17	11.57	$23
Apr 2008	0	9	110.31	10.45	$94
Mar 2008	0	87	101.90	9.66	$841
Feb 2008	0	201	92.53	8.77	$1,763
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	139	88.33	7.30	$1,015
Nov 2007	0	123	91.67	7.29	$897
Oct 2007	0	340	82.85	6.92	$2,353
Sep 2007	0	131	75.84	6.24	$818
Aug 2007	0	3	69.06	6.39	$19
Jul 2007	0	16	70.90	6.39	$102
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	445	58.74	7.85	$3,492
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	1,458	56.92	7.30	$10,646
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	92	56.65	6.92	$637
Nov 2006	162	96	54.20	7.62	$9,512
Oct 2006	0	200	54.90	6.01	$1,203
Sep 2006	0	436	60.08	5.04	$2,196
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	322	69.37	6.34	$2,042
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	288	66.01	6.42	$1,850
Apr 2006	0	203	64.39	7.36	$1,494
Mar 2006	0	188	56.70	7.08	$1,332
Feb 2006	0	185	57.59	7.75	$1,434
Jan 2006	0	435	60.59	8.93	$3,886
Dec 2005	0	452	54.94	13.42	$6,064
Nov 2005	0	228	54.69	10.59	$2,414
Oct 2005	0	191	58.34	13.80	$2,635
Sep 2005	0	801	61.45	12.08	$9,675
Aug 2005	0	904	61.51	9.80	$8,856
Jul 2005	0	1,288	55.69	7.84	$10,103
Jun 2005	0	1,402	52.33	7.38	$10,348
May 2005	0	1,046	45.22	6.65	$6,957
Apr 2005	184	1,080	49.20	7.36	$17,002
Mar 2005	0	1,285	50.37	7.15	$9,194
Feb 2005	0	777	45.22	6.31	$4,904
Jan 2005	0	1,379	43.16	6.32	$8,718
Dec 2004	0	1,113	39.86	6.75	$7,514
Nov 2004	0	1,940	45.28	6.33	$12,281
Oct 2004	0	1,756	49.70	6.52	$11,441
Sep 2004	0	3,134	43.24	5.28	$16,560
Aug 2004	179	3,518	42.37	5.55	$27,111
Jul 2004	0	4,992	38.28	6.08	$30,372
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	180	0	34.47	5.86	$6,205
Mar 2004	0	291	34.36	5.53	$1,609
Feb 2004	0	1,920	32.45	5.51	$10,578
Jan 2004	0	713	32.03	6.30	$4,492
Dec 2003	0	1,986	30.26	6.30	$12,515
Nov 2003	0	1,435	28.80	4.60	$6,594
Oct 2003	0	1,848	28.17	4.76	$8,796
Sep 2003	0	2,167	26.31	4.75	$10,292
Aug 2003	0	2,428	29.76	5.13	$12,455
Jul 2003	0	2,351	29.41	5.17	$12,157
Jun 2003	0	2,930	28.56	5.98	$17,530
May 2003	0	3,386	26.59	5.97	$20,223
Apr 2003	0	4,795	26.67	5.41	$25,928
Mar 2003	0	6,390	31.14	6.10	$38,954
Feb 2003	0	1,911	33.48	7.93	$15,146
Jan 2003	0	131	30.31	5.58	$731
Dec 2002	0	86	26.91	4.85	$417
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	59	26.46	4.23	$250
Sep 2002	0	37	27.44	3.64	$135
Aug 2002	0	1,102	25.96	3.16	$3,487
Jul 2002	0	4,590	24.58	3.06	$14,053
Jun 2002	0	10,352	23.73	3.34	$34,557
May 2002	0	1,076	24.66	3.58	$3,856
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	466	17.17	2.38	$1,107
Dec 2001	146	1,676	16.93	2.36	$6,435
Nov 2001	0	216	18.07	2.41	$520
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	31	24.87	3.05	$95
Jul 2001	0	278	23.93	3.20	$889
Jun 2001	0	305	24.56	3.82	$1,166
May 2001	0	164	25.52	4.31	$706
Apr 2001	168	232	24.68	5.34	$5,384
Mar 2001	0	111	24.54	5.38	$597
Feb 2001	0	327	27.75	5.77	$1,886
Jan 2001	0	316	27.47	8.40	$2,654
Dec 2000	0	229	26.88	9.12	$2,089
Nov 2000	0	274	32.21	5.66	$1,550
Oct 2000	0	495	31.23	5.15	$2,547
Sep 2000	0	777	31.87	5.19	$4,030
Aug 2000	0	792	29.64	4.54	$3,596
Jul 2000	0	822	28.53	4.09	$3,362
Jun 2000	0	1,730	29.30	4.40	$7,607
May 2000	0	1,193	27.26	3.68	$4,390
Apr 2000	0	243	24.51	3.12	$757
Mar 2000	0	93	28.42	2.86	$266
Feb 2000	0	1,675	27.62	2.73	$4,567
Jan 2000	177	2,685	25.27	2.48	$11,133
Dec 1999	0	2,952	24.28	2.42	$7,155
Nov 1999	0	2,614	23.19	2.43	$6,362
Oct 1999	0	3,171	20.98	2.80	$8,891
Sep 1999	0	2,796	21.75	2.62	$7,322
Aug 1999	192	3,191	19.26	2.88	$12,874
Jul 1999	0	3,284	17.89	2.37	$7,791
Jun 1999	0	3,258	15.94	2.36	$7,696
May 1999	0	3,532	15.79	2.32	$8,198
Apr 1999	174	3,376	15.10	2.21	$10,082
Mar 1999	0	3,769	12.47	1.84	$6,929
Feb 1999	0	3,693	9.98	1.82	$6,713
Jan 1999	0	4,290	10.38	1.90	$8,151
Dec 1998	183	4,507	9.20	1.77	$9,676
Nov 1998	0	4,643	10.89	2.19	$10,148
Oct 1998	0	5,108	12.42	1.97	$10,059
Sep 1998	0	5,244	12.59	2.08	$10,921
Aug 1998	184	5,750	11.30	1.91	$13,046
Jul 1998	186	6,284	11.74	2.24	$16,243
Jun 1998	0	6,492	11.24	2.24	$14,524
May 1998	187	7,849	12.62	2.21	$19,678
Apr 1998	0	8,856	13.04	2.51	$22,187
Mar 1998	0	9,570	12.80	2.31	$22,101
Feb 1998	0	9,869	13.95	2.30	$22,690
Jan 1998	0	9,813	14.70	2.15	$21,145
Dec 1997	0	75	16.32	2.41	$181
Nov 1997	0	1,030	18.19	3.09	$3,181
Oct 1997	179	1,418	19.25	3.15	$7,912
Sep 1997	0	1,322	17.74	2.95	$3,906
Aug 1997	44	1,635	17.86	2.55	$4,963
Jul 1997	0	1,850	17.58	2.25	$4,157
Jun 1997	0	1,813	17.24	2.26	$4,092
May 1997	7	935	18.97	2.31	$2,291
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	0	579	18.95	1.94	$1,123
Feb 1997	0	1,710	20.49	2.21	$3,772
Jan 1997	0	1,936	23.48	3.54	$6,853
Dec 1996	177	2,407	23.32	—	$4,128
Nov 1996	0	2,464	21.97	—	$0
Oct 1996	187	3,112	23.31	—	$4,359
Sep 1996	26	3,779	22.22	—	$578
Aug 1996	0	4,895	20.26	—	$0
Jul 1996	198	8,931	19.55	—	$3,871
Jun 1996	0	5,179	18.73	—	$0
May 1996	174	4,565	19.43	—	$3,381
Apr 1996	0	7,209	21.51	—	$0
Mar 1996	180	5,413	19.38	—	$3,488
Feb 1996	0	7,710	16.98	—	$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.

Feb 2016 — as filed, then multipliedworked

Condensate             0 bbl  × $ 26.47 =         $0
Gas                   20 Mcf  × $  2.06 =        $41

────────────────────────────────────────────────────
Month total                                      $41

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/157755 is the state's own key, not one this site invented.