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POWELL UNIT

Operated by IRON RIDGE OPERATING, LLC (P-5 102406) 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 289513District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.5 M
Nov 2019 – May 2026
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
79
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-1112020-07-27227368

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
CondensateDisposition505 bbl$30,158
GasProduction1,506,275 Mcf$4,492,744
Total$4,522,902

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 30.3641, -96.2601. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.36414, -96.26013 · 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
13,184 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 13,184 ft.

Completions filed
Nov 2019
1 of 1 wells

1 well

42-477311221H13,184 ftNov 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 (79)

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

79 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 202501,44666.483.13$4,524
May 202505260.553.23$168
Apr 202502,24262.363.54$7,944
Mar 202501,84567.704.27$7,875
Feb 202504,93370.884.34$21,413
Jan 202504,29574.324.28$18,377
Dec 2024095868.993.12$2,990
Nov 2024075369.052.20$1,655
Oct 202404,44271.372.28$10,134
Sep 202409,77069.612.36$23,100
Aug 20240075.632.06$0
Jul 202401,12779.932.15$2,419
Jun 20240078.082.63$0
May 202402,99078.812.20$6,573
Apr 202407,47084.451.66$12,394
Mar 202406,45880.301.55$9,978
Feb 2024012,12976.091.78$21,634
Jan 202401,33573.023.30$4,402
Dec 202301,56271.262.61$4,078
Nov 202302,91677.892.81$8,187
Oct 202304,43385.443.09$13,686
Sep 202303,06789.042.74$8,388
Aug 202306,82380.522.67$18,237
Jul 202308,59174.852.64$22,696
Jun 202306,20868.962.26$14,021
May 20232813,09770.622.23$31,150
Apr 202305,32778.122.24$11,921
Mar 202307,83172.852.39$18,741
Feb 202306,17075.112.47$15,213
Jan 202309,60676.533.39$32,542
Dec 202208,40376.415.73$48,141
Nov 202203,91485.005.65$22,099
Oct 2022010,90587.185.86$63,944
Sep 2022010,55384.888.16$86,151
Aug 2022010,55394.529.13$96,319
Jul 202259,887101.587.54$75,076
Jun 2022010,264115.097.98$81,878
May 202208,657109.378.43$73,005
Apr 2022314,933104.226.84$102,419
Mar 2022016,912108.885.08$85,852
Feb 2022015,77491.054.86$76,643
Jan 20221121,72881.844.54$99,495
Dec 2021027,99371.323.90$109,148
Nov 2021052,16977.435.24$273,201
Oct 202117235,61179.795.71$217,201
Sep 2021033,68069.865.35$180,219
Aug 2021021,15166.024.22$89,270
Jul 2021039,07270.783.98$155,588
Jun 20211035,91269.493.38$122,100
May 20210063.483.02$0
Apr 2021025,06260.362.76$69,132
Mar 20211620,16261.302.72$55,760
Feb 202107,31657.805.55$40,589
Jan 202109,59450.412.81$26,962
Dec 20201524,34144.642.68$65,793
Nov 20201722,93338.772.71$62,729
Oct 20203835,43336.972.48$89,223
Sep 20201738,50837.091.99$77,302
Aug 2020135,29839.982.39$84,229
Jul 20208049,44038.371.83$93,304
Jun 2020036,17034.901.69$61,139
May 2020047,41316.921.81$86,043
Apr 20201655,59514.751.80$100,551
Mar 20200102,12130.341.86$189,560
Feb 20200139,18949.881.98$275,687
Jan 202076172,30357.252.09$365,281
Dec 20190159,45059.012.30$367,430
Nov 20190055.302.75$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.

Jun 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 66.48 =         $0
Gas                1,446 Mcf  × $  3.13 =     $4,524

────────────────────────────────────────────────────
Month total                                   $4,524

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/289513 is the state's own key, not one this site invented.