YPRES UNIT

Operated by VERDUN OIL & GAS LLC (P-5 884566) 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 297348District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$15.0 M
Jan 2023 – May 2026
Value, last 12 filed months
$7.3 M
at the published price for each month
Months reported
41
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
NGPA1none
ST-1112024-07-18234125

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
CondensateDisposition345 bbl$22,807
GasProduction4,263,579 Mcf$14,972,479
Total$14,995,286

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 30.0624, -96.5513. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.06237, -96.55129 · 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
14,201 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 14,201 ft.

Completions filed
Jan 2023
1 of 1 wells

1 well

42-477312411H14,201 ftJan 2023

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 (41)

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

41 months

May 20260105,962106.413.05$322,743
Apr 202628106,47098.932.87$308,309
Mar 20260113,66689.753.15$357,984
Feb 20260106,80663.503.75$400,557
Jan 202630141,71559.138.00$1,135,199
Dec 20250152,61956.664.41$673,563
Nov 20250159,12858.593.93$624,807
Oct 202544177,97059.383.30$590,775
Sep 202555188,45162.743.08$583,299
Aug 20250215,12563.933.01$648,550
Jul 202568241,09866.743.32$803,826
Jun 202556262,18766.483.13$824,033
May 202529300,22560.553.23$972,179
Apr 202535314,42462.363.54$1,116,225
Mar 20250349,13567.704.27$1,490,220
Feb 20250223,69370.884.34$971,016
Jan 20250157,56374.324.28$674,162
Dec 2024067,46068.993.12$210,568
Nov 2024027,16369.052.20$59,716
Oct 202404,32671.372.28$9,869
Sep 2024012,70269.612.36$30,032
Aug 2024022,54475.632.06$46,522
Jul 2024021,22679.932.15$45,564
Jun 20240078.082.63$0
May 2024022,09478.812.20$48,572
Apr 2024018,82384.451.66$31,231
Mar 20240080.301.55$0
Feb 2024026,25376.091.78$46,826
Jan 2024028,15873.023.30$92,856
Dec 20230162,99071.262.61$425,521
Nov 20230119,48777.892.81$335,467
Oct 2023071,46185.443.09$220,620
Sep 20230089.042.74$0
Aug 2023069,59080.522.67$186,006
Jul 2023060,69074.852.64$160,331
Jun 20230068.962.26$0
May 2023066,67770.622.23$148,516
Apr 2023053,95778.122.24$120,743
Mar 2023032,08872.852.39$76,792
Feb 20230075.112.47$0
Jan 2023059,65376.533.39$202,088

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             0 bbl  × $106.41 =         $0
Gas              105,962 Mcf  × $  3.05 =   $322,743

────────────────────────────────────────────────────
Month total                                 $322,743

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/297348 is the state's own key, not one this site invented.