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CARTER UNIT

Operated by GEOSOUTHERN OPERATING II, LLC (P-5 301273) 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 287598District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$23.5 M
Jun 2019 – May 2026
Value, last 12 filed months
$1.2 M
at the published price for each month
Months reported
84
no gaps in the span
Streams
2
condensate, gas

The GIDDINGS (AUSTIN CHALK, GAS) 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 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
NGPA1none——
ST-1112020-04-08226523

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
CondensateDisposition132,789 bbl$7,753,190
GasProduction5,067,299 Mcf$15,708,411
Total$23,461,601

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 29.9640, -96.6870. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.96404, -96.68698 · 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
13,509 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 13,509 ft.

Completions filed
Sep 2019
1 of 1 wells

1 well

42-149334571H13,509 ftSep 2019——

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 (84)

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

84 months

May 202639317,877106.413.05$96,270
Apr 202644918,50098.932.87$97,509
Mar 202637418,11389.753.15$90,612
Feb 202638517,42163.503.75$89,782
Jan 202647019,47659.138.00$183,559
Dec 202537819,08656.664.41$105,651
Nov 202545819,28458.593.93$102,552
Oct 202544320,31359.383.30$93,437
Sep 202538320,05562.743.08$85,737
Aug 202542820,18663.933.01$88,218
Jul 202543921,12966.743.32$99,346
Jun 202544819,65066.483.13$91,262
May 202538321,64460.553.23$93,151
Apr 202543620,99162.363.54$101,563
Mar 202558523,05967.704.27$138,028
Feb 202538719,73970.884.34$113,114
Jan 202546222,65274.324.28$131,257
Dec 202457621,59468.993.12$107,141
Nov 202445522,92669.052.20$81,819
Oct 202438721,19871.372.28$75,981
Sep 202462722,74669.612.36$97,425
Aug 202441724,06475.632.06$81,197
Jul 202461725,69879.932.15$104,480
Jun 202443822,18478.082.63$92,631
May 202457125,52478.812.20$101,113
Apr 202464224,86984.451.66$95,480
Mar 202445127,20280.301.55$78,246
Feb 202455925,44776.091.78$87,923
Jan 202459725,60973.023.30$128,043
Dec 202364928,79171.262.61$121,413
Nov 202364725,73177.892.81$122,636
Oct 202369429,47285.443.09$150,284
Sep 202351329,09689.042.74$125,256
Aug 202368631,15880.522.67$138,518
Jul 202387228,42174.852.64$140,352
Jun 202343429,78268.962.26$97,191
May 202397633,94470.622.23$144,532
Apr 202365931,99178.122.24$123,069
Mar 202369934,45072.852.39$133,367
Feb 202365531,88375.112.47$127,810
Jan 202387837,79176.533.39$195,219
Dec 202265537,53976.415.73$265,112
Nov 202281138,39785.005.65$285,732
Oct 202294739,69387.185.86$315,310
Sep 202273640,66484.888.16$394,440
Aug 20221,10143,88294.529.13$504,585
Jul 202273447,218101.587.54$430,682
Jun 202296746,966115.097.98$485,949
May 202297352,013109.378.43$545,045
Apr 202291521,573104.226.84$242,869
Mar 202285351,076108.885.08$352,157
Feb 20221,03145,19691.054.86$313,473
Jan 20221,25653,32081.844.54$344,740
Dec 20211,24357,20271.323.90$311,688
Nov 20211,36949,94677.435.24$367,561
Oct 20211,53450,38479.795.71$410,285
Sep 20211,34251,44769.865.35$369,041
Aug 20211,76555,47666.024.22$350,667
Jul 20211,36358,38670.783.98$328,971
Jun 20211,80159,08769.493.38$324,902
May 20211,96664,58463.483.02$319,695
Apr 20212,00366,44560.362.76$304,184
Mar 20212,04674,40861.302.72$327,582
Feb 20211,43369,43857.805.55$468,066
Jan 20212,409102,40050.412.81$409,209
Dec 202057431,67344.642.68$110,363
Nov 20201,77755,66338.772.71$219,550
Oct 20202,99188,72536.972.48$330,476
Sep 20203,02092,35537.091.99$295,894
Aug 20203,094104,45639.982.39$372,836
Jul 20203,676119,22338.371.83$358,644
Jun 20205,060145,37834.901.69$422,328
May 2020024916.921.81$452
Apr 20203,564123,49314.751.80$275,397
Mar 20204,449135,29830.341.86$386,127
Feb 20203,617139,74649.881.98$457,207
Jan 20204,259160,31857.252.09$579,652
Dec 20194,830168,41859.012.30$673,114
Nov 20194,729177,82555.302.75$750,657
Oct 20195,790206,03253.472.42$807,888
Sep 20195,938212,77855.052.66$892,298
Aug 20197,619276,02853.112.30$1,040,713
Jul 20198,647311,98556.272.46$1,254,069
Jun 20195,902240,17052.782.49$909,819

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
Condensate           393 bbl  × $106.41 =    $41,819
Gas               17,877 Mcf  × $  3.05 =    $54,450

────────────────────────────────────────────────────
Month total                                  $96,270

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/287598 is the state's own key, not one this site invented.