REES-GIFFORD GAS UNIT

Name: REES-GIFFORD GAS UNIT lease production and value, Jun 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KAISER-FRANCIS OIL COMPANY (P-5 450175) in the JONES CREEK, NORTH (WILCOX) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 171300District 03Field 471304752 tax incentive programmesCondensateGasSave Export

Value, all time

$10.3 M

Jun 1998 – Jul 2021

Value, last 12 filed months

at the published price for each month

Months reported

278

no gaps in the span

Streams

condensate, gas

The JONES CREEK, NORTH (WILCOX) 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 14 leases and 14 wells, and the rule below applies to all of them.

Discovered

1998-06-26

as the register files it

Field class

Gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1998-12-03.

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 04/01/99.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2003-04-28	150981
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	129,444 bbl	$2,523,292
Gas	Production	2,712,423 Mcf	$7,804,269
Total			$10,327,561

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 29.3104, -96.2754. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.31040, -96.27537 · 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

17,000 ft

1 wells filed one

Completion to plug

21.9 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 17,000 ft.

Completions filed

Aug 1999

1 of 1 wells

Plug dates filed

Jul 2021

1 of 1 wells

Last completion to plug: a median of 21.9 years across the 1 well that filed both dates, with the middle half between 21.9 years and 21.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-48133978	1	17,000 ft	Aug 1999	Jul 2021	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 (278)

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

278 months


Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	115	19	55.30	2.75	$6,412
Oct 2019	0	7	53.47	2.42	$17
Sep 2019	0	10	55.05	2.66	$27
Aug 2019	0	20	53.11	2.30	$46
Jul 2019	0	7	56.27	2.46	$17
Jun 2019	0	7	52.78	2.49	$17
May 2019	0	21	58.48	2.74	$58
Apr 2019	0	6	62.63	2.75	$17
Mar 2019	0	5	56.80	3.06	$15
Feb 2019	0	14	50.85	2.79	$39
Jan 2019	0	5	46.03	3.23	$16
Dec 2018	0	12	46.59	4.19	$50
Nov 2018	0	9	52.93	4.24	$38
Oct 2018	0	50	61.44	3.40	$170
Sep 2018	0	31	59.54	3.11	$96
Aug 2018	0	53	59.40	3.07	$163
Jul 2018	0	36	65.14	2.93	$106
Jun 2018	0	108	60.18	3.08	$332
May 2018	0	270	65.38	2.90	$783
Apr 2018	0	326	63.84	2.90	$946
Mar 2018	0	311	61.22	2.79	$867
Feb 2018	0	79	61.78	2.77	$219
Jan 2018	0	86	62.87	4.01	$345
Dec 2017	0	147	57.27	2.92	$429
Nov 2017	0	65	55.42	3.12	$203
Oct 2017	0	85	49.29	2.98	$254
Sep 2017	0	74	47.52	3.09	$228
Aug 2017	0	38	45.37	3.00	$114
Jul 2017	0	69	43.87	3.09	$213
Jun 2017	0	80	42.49	3.09	$247
May 2017	0	77	45.37	3.26	$251
Apr 2017	0	82	47.93	3.21	$263
Mar 2017	0	66	46.77	2.98	$197
Feb 2017	0	63	50.45	2.95	$186
Jan 2017	0	54	49.41	3.42	$185
Dec 2016	0	46	48.76	3.72	$171
Nov 2016	0	48	42.49	2.64	$127
Oct 2016	0	60	46.19	3.09	$185
Sep 2016	0	46	41.55	3.10	$143
Aug 2016	0	63	41.44	2.92	$184
Jul 2016	0	41	41.62	2.92	$120
Jun 2016	0	97	45.35	2.69	$261
May 2016	0	91	42.52	1.99	$181
Apr 2016	0	32	36.56	1.99	$64
Mar 2016	0	73	33.01	1.79	$131
Feb 2016	0	44	26.47	2.06	$91
Jan 2016	0	53	27.35	2.36	$125
Dec 2015	0	9	32.36	2.00	$18
Nov 2015	0	47	38.79	2.17	$102
Oct 2015	0	56	43.55	2.43	$136
Sep 2015	0	51	42.99	2.76	$141
Aug 2015	0	116	40.16	2.87	$333
Jul 2015	0	81	48.15	2.95	$239
Jun 2015	0	49	56.15	2.88	$141
May 2015	0	126	55.21	2.96	$372
Apr 2015	0	95	49.82	2.71	$257
Mar 2015	0	94	42.89	2.93	$276
Feb 2015	0	63	44.66	2.98	$188
Jan 2015	0	61	43.43	3.10	$189
Dec 2014	0	56	54.69	3.59	$201
Nov 2014	0	88	70.46	4.25	$374
Oct 2014	0	110	78.30	3.90	$429
Sep 2014	0	123	86.16	4.05	$498
Aug 2014	0	124	89.39	4.04	$500
Jul 2014	0	159	96.56	4.18	$665
Jun 2014	0	106	98.16	4.74	$502
May 2014	0	66	94.73	4.73	$312
Apr 2014	157	149	95.94	4.81	$15,779
Mar 2014	0	216	95.89	5.06	$1,092
Feb 2014	0	263	97.40	6.19	$1,629
Jan 2014	0	125	90.40	4.86	$608
Dec 2013	0	296	91.82	4.35	$1,289
Nov 2013	0	203	88.85	3.74	$759
Oct 2013	0	510	97.42	3.78	$1,927
Sep 2013	0	682	104.11	3.72	$2,536
Aug 2013	0	719	104.25	3.52	$2,533
Jul 2013	0	888	102.52	3.72	$3,301
Jun 2013	0	511	94.40	3.93	$2,010
May 2013	0	523	94.83	4.15	$2,170
Apr 2013	0	938	93.96	4.28	$4,017
Mar 2013	166	1,041	93.62	3.91	$19,614
Feb 2013	0	1,286	91.23	3.42	$4,398
Jan 2013	0	1,604	91.60	3.42	$5,486
Dec 2012	0	1,552	86.77	3.42	$5,308
Nov 2012	0	1,641	86.95	3.62	$5,949
Oct 2012	0	1,739	89.38	3.40	$5,912
Sep 2012	162	1,941	94.67	2.92	$21,001
Aug 2012	0	2,387	92.66	2.91	$6,942
Jul 2012	0	1,806	85.13	3.02	$5,456
Jun 2012	0	1,828	79.82	2.52	$4,605
May 2012	172	1,706	91.61	2.49	$20,002
Apr 2012	0	1,674	101.65	2.00	$3,343
Mar 2012	0	1,775	105.05	2.22	$3,944
Feb 2012	4	1,582	101.10	2.57	$4,471
Jan 2012	159	1,576	98.09	2.73	$19,905
Dec 2011	0	1,656	96.87	3.24	$5,365
Nov 2011	0	1,540	95.72	3.31	$5,099
Oct 2011	0	1,768	84.98	3.65	$6,451
Sep 2011	0	1,793	83.62	3.99	$7,147
Aug 2011	159	1,810	83.40	4.15	$20,771
Jul 2011	0	1,668	94.14	4.52	$7,535
Jun 2011	0	1,361	92.90	4.64	$6,315
May 2011	172	1,268	98.13	4.40	$22,464
Apr 2011	0	1,363	105.96	4.33	$5,906
Mar 2011	0	1,419	96.36	4.06	$5,757
Feb 2011	163	1,067	85.64	4.18	$18,419
Jan 2011	0	1,463	86.50	4.59	$6,713
Dec 2010	0	1,504	85.73	4.35	$6,539
Nov 2010	170	1,517	80.84	3.80	$19,500
Oct 2010	0	1,566	78.10	3.51	$5,495
Sep 2010	161	1,618	72.63	3.98	$18,132
Aug 2010	0	1,754	73.68	4.42	$7,752
Jul 2010	0	1,840	72.55	4.74	$8,715
Jun 2010	174	1,862	70.36	4.91	$21,386
May 2010	0	4,154	71.12	4.24	$17,593
Apr 2010	165	2,062	81.69	4.12	$21,980
Mar 2010	0	1,912	78.39	4.39	$8,391
Feb 2010	0	1,857	73.58	5.44	$10,106
Jan 2010	159	2,248	74.36	5.96	$25,231
Dec 2009	0	2,077	71.44	5.48	$11,390
Nov 2009	0	2,538	74.59	3.75	$9,521
Oct 2009	175	2,227	72.54	4.11	$21,848
Sep 2009	0	2,252	65.54	3.06	$6,902
Aug 2009	0	2,111	67.42	3.22	$6,794
Jul 2009	169	1,300	61.13	3.46	$14,835
Jun 2009	0	2,080	66.16	3.90	$8,102
May 2009	154	2,067	54.74	3.93	$16,544
Apr 2009	0	1,942	46.77	3.59	$6,967
Mar 2009	162	2,076	42.14	4.06	$15,253
Feb 2009	3	2,077	32.81	4.63	$9,721
Jan 2009	181	2,094	35.86	5.37	$17,738
Dec 2008	172	2,219	37.10	5.98	$19,644
Nov 2008	0	2,321	55.49	6.86	$15,923
Oct 2008	177	2,421	75.24	6.92	$30,076
Sep 2008	0	1,466	101.76	7.88	$11,548
Aug 2008	5	1,961	114.22	8.48	$17,206
Jul 2008	0	2,044	131.08	11.39	$23,280
Jun 2008	162	2,080	131.33	13.03	$48,383
May 2008	3	2,173	123.17	11.57	$25,520
Apr 2008	164	2,099	110.31	10.45	$40,036
Mar 2008	0	2,065	101.90	9.66	$19,956
Feb 2008	170	1,973	92.53	8.77	$33,034
Jan 2008	157	2,042	90.38	8.21	$30,946
Dec 2007	3	2,015	88.33	7.30	$14,978
Nov 2007	0	1,562	91.67	7.29	$11,390
Oct 2007	150	1,985	82.85	6.92	$26,168
Sep 2007	3	1,841	75.84	6.24	$11,723
Aug 2007	0	1,929	69.06	6.39	$12,322
Jul 2007	8	1,868	70.90	6.39	$12,500
Jun 2007	161	1,834	62.00	7.55	$23,826
May 2007	7	2,034	58.74	7.85	$16,371
Apr 2007	160	1,935	59.61	7.81	$24,641
Mar 2007	167	1,829	56.92	7.30	$22,861
Feb 2007	7	1,656	55.10	8.22	$13,991
Jan 2007	0	1,868	50.30	6.73	$12,566
Dec 2006	187	1,770	56.65	6.92	$22,839
Nov 2006	0	1,801	54.20	7.62	$13,719
Oct 2006	171	1,858	54.90	6.01	$20,562
Sep 2006	0	1,800	60.08	5.04	$9,067
Aug 2006	155	1,044	68.71	7.34	$18,313
Jul 2006	0	1,854	69.37	6.34	$11,759
Jun 2006	4	1,905	66.28	6.38	$12,426
May 2006	163	2,015	66.01	6.42	$23,706
Apr 2006	5	1,950	64.39	7.36	$14,675
Mar 2006	5	1,996	56.70	7.08	$14,421
Feb 2006	0	1,859	57.59	7.75	$14,409
Jan 2006	173	2,096	60.59	8.93	$29,206
Dec 2005	5	2,100	54.94	13.42	$28,447
Nov 2005	168	2,004	54.69	10.59	$30,407
Oct 2005	3	1,879	58.34	13.80	$26,097
Sep 2005	0	2,042	61.45	12.08	$24,665
Aug 2005	5	2,412	61.51	9.80	$23,938
Jul 2005	172	2,225	55.69	7.84	$27,031
Jun 2005	168	2,265	52.33	7.38	$25,510
May 2005	5	2,386	45.22	6.65	$16,096
Apr 2005	6	2,170	49.20	7.36	$16,267
Mar 2005	175	6,390	50.37	7.15	$54,534
Feb 2005	0	2,229	45.22	6.31	$14,069
Jan 2005	178	2,408	43.16	6.32	$22,906
Dec 2004	2	2,068	39.86	6.75	$14,041
Nov 2004	173	2,147	45.28	6.33	$21,425
Oct 2004	0	2,193	49.70	6.52	$14,288
Sep 2004	182	2,053	43.24	5.28	$18,718
Aug 2004	6	2,371	42.37	5.55	$13,415
Jul 2004	182	2,251	38.28	6.08	$20,662
Jun 2004	6	2,128	36.10	6.43	$13,906
May 2004	200	2,269	37.48	6.49	$22,232
Apr 2004	14	2,316	34.47	5.86	$14,051
Mar 2004	188	2,373	34.36	5.53	$19,583
Feb 2004	5	1,655	32.45	5.51	$9,281
Jan 2004	184	1,577	32.03	6.30	$15,828
Dec 2003	0	2,056	30.26	6.30	$12,956
Nov 2003	195	1,401	28.80	4.60	$12,054
Oct 2003	0	1,631	28.17	4.76	$7,763
Sep 2003	200	1,504	26.31	4.75	$12,405
Aug 2003	0	1,656	29.76	5.13	$8,495
Jul 2003	4	1,140	29.41	5.17	$6,012
Jun 2003	175	1,614	28.56	5.98	$14,655
May 2003	0	1,878	26.59	5.97	$11,217
Apr 2003	7	222	26.67	5.41	$1,387
Mar 2003	180	382	31.14	6.10	$7,934
Feb 2003	5	1,760	33.48	7.93	$14,117
Jan 2003	0	878	30.31	5.58	$4,901
Dec 2002	0	1,108	26.91	4.85	$5,378
Nov 2002	181	1,103	24.66	4.14	$9,027
Oct 2002	0	1,796	26.46	4.23	$7,596
Sep 2002	178	786	27.44	3.64	$7,742
Aug 2002	0	1,436	25.96	3.16	$4,544
Jul 2002	179	1,298	24.58	3.06	$8,374
Jun 2002	179	2,839	23.73	3.34	$13,725
May 2002	0	2,419	24.66	3.58	$8,670
Apr 2002	181	3,962	23.65	3.51	$18,196
Mar 2002	370	6,495	22.00	3.10	$28,292
Feb 2002	368	7,306	18.22	2.38	$24,062
Jan 2002	369	8,246	17.17	2.38	$25,926
Dec 2001	550	8,237	16.93	2.36	$28,787
Nov 2001	341	7,198	18.07	2.41	$23,477
Oct 2001	378	7,958	19.78	2.53	$27,602
Sep 2001	361	7,773	24.26	2.25	$26,257
Aug 2001	359	8,762	24.87	3.05	$35,680
Jul 2001	547	7,668	23.93	3.20	$37,605
Jun 2001	179	8,111	24.56	3.82	$35,414
May 2001	554	8,458	25.52	4.31	$50,569
Apr 2001	707	9,624	24.68	5.34	$68,796
Mar 2001	366	11,247	24.54	5.38	$69,450
Feb 2001	535	10,390	27.75	5.77	$74,766
Jan 2001	913	24,406	27.47	8.40	$230,060
Dec 2000	912	21,116	26.88	9.12	$217,145
Nov 2000	1,065	22,092	32.21	5.66	$159,300
Oct 2000	1,271	25,259	31.23	5.15	$169,664
Sep 2000	1,437	28,529	31.87	5.19	$193,763
Aug 2000	1,405	30,403	29.64	4.54	$179,697
Jul 2000	1,614	32,304	28.53	4.09	$178,163
Jun 2000	1,610	32,641	29.30	4.40	$190,704
May 2000	1,708	34,948	27.26	3.68	$175,160
Apr 2000	2,002	37,676	24.51	3.12	$166,467
Mar 2000	1,991	38,301	28.42	2.86	$166,116
Feb 2000	1,999	39,078	27.62	2.73	$161,759
Jan 2000	2,362	43,461	25.27	2.48	$167,493
Dec 1999	2,257	46,223	24.28	2.42	$166,832
Nov 1999	2,467	45,864	23.19	2.43	$168,842
Oct 1999	2,368	52,009	20.98	2.80	$195,499
Sep 1999	2,625	52,424	21.75	2.62	$194,384
Aug 1999	2,389	52,190	19.26	2.88	$196,090
Jul 1999	3,033	61,397	17.89	2.37	$199,917
Jun 1999	3,612	67,987	15.94	2.36	$218,167
May 1999	4,297	83,662	15.79	2.32	$262,031
Apr 1999	4,323	88,381	15.10	2.21	$260,427
Mar 1999	5,224	100,368	12.47	1.84	$249,653
Feb 1999	5,178	99,612	9.98	1.82	$232,750
Jan 1999	5,957	121,726	10.38	1.90	$293,107
Dec 1998	6,794	132,151	9.20	1.77	$296,851
Nov 1998	7,719	153,289	10.89	2.19	$419,107
Oct 1998	8,595	187,060	12.42	1.97	$475,110
Sep 1998	8,720	173,294	12.59	2.08	$470,690
Aug 1998	9,185	192,919	11.30	1.91	$471,755
Jul 1998	8,805	206,407	11.74	2.24	$565,159
Jun 1998	291	6,987	11.24	2.24	$18,903

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.

Nov 2019 — as filed, then multipliedworked

Condensate           115 bbl  × $ 55.30 =     $6,360
Gas                   19 Mcf  × $  2.75 =        $52

────────────────────────────────────────────────────
Month total                                   $6,412

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/171300 is the state's own key, not one this site invented.