GERDES-BEST

Name: GERDES-BEST lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by U. S. OPERATING, INC. (P-5 875431) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 17724District 03Field 34733500NGPA filingOilCasinghead gasSave Export

Value, all time

$1.7 M

Jan 1993 – Feb 2018

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

302

no gaps in the span

Streams

oil, casinghead gas

The GIDDINGS (AUSTIN CHALK-3) 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 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered

1960-10-29

as the register files it

Field class

Oil and 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 2025-09-30.

The Commission's schedule remark for this field reads: “DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED”

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
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
Oil	Disposition	9,546 bbl	$529,954
Casinghead gas	Production	272,836 Mcf	$1,196,182
Total			$1,726,137

70,644 Mcf of this lease's gas, across 48 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 30.2865, -96.6944. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.28647, -96.69438 · 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

9,316 ft

1 wells filed one

Completion to plug

11.9 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 9,316 ft.

Completions filed

Oct 2005

1 of 1 wells

Plug dates filed

Sep 2017

1 of 1 wells

Last completion to plug: a median of 11.9 years across the 1 well that filed both dates, with the middle half between 11.9 years and 11.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-28731469	1	9,316 ft	Oct 2005	Sep 2017	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 (302)

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

302 months


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	17	0	49.29	2.98	$838
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	100	42.49	3.09	$309
May 2017	0	15	45.37	3.26	$49
Apr 2017	0	15	47.93	3.21	$48
Mar 2017	0	146	46.77	2.98	$436
Feb 2017	0	367	50.45	2.95	$1,084
Jan 2017	66	317	49.41	3.42	$4,345
Dec 2016	0	363	48.76	3.72	$1,351
Nov 2016	0	429	42.49	2.64	$1,134
Oct 2016	0	456	46.19	3.09	$1,409
Sep 2016	0	435	41.55	3.10	$1,349
Aug 2016	0	534	41.44	2.92	$1,562
Jul 2016	0	503	41.62	2.92	$1,471
Jun 2016	0	547	45.35	2.69	$1,469
May 2016	0	540	42.52	1.99	$1,075
Apr 2016	59	272	36.56	1.99	$2,699
Mar 2016	0	335	33.01	1.79	$601
Feb 2016	0	361	26.47	2.06	$745
Jan 2016	0	432	27.35	2.36	$1,021
Dec 2015	0	456	32.36	2.00	$913
Nov 2015	80	489	38.79	2.17	$4,163
Oct 2015	1	502	43.55	2.43	$1,262
Sep 2015	0	511	42.99	2.76	$1,410
Aug 2015	0	564	40.16	2.87	$1,620
Jul 2015	0	524	48.15	2.95	$1,543
Jun 2015	1	514	56.15	2.88	$1,538
May 2015	69	548	55.21	2.96	$5,429
Apr 2015	0	572	49.82	2.71	$1,548
Mar 2015	0	647	42.89	2.93	$1,899
Feb 2015	110	495	44.66	2.98	$6,386
Jan 2015	1	574	43.43	3.10	$1,823
Dec 2014	1	624	54.69	3.59	$2,296
Nov 2014	1	724	70.46	4.25	$3,149
Oct 2014	94	530	78.30	3.90	$9,428
Sep 2014	0	687	86.16	4.05	$2,779
Aug 2014	0	597	89.39	4.04	$2,409
Jul 2014	0	644	96.56	4.18	$2,692
Jun 2014	0	620	98.16	4.74	$2,937
May 2014	88	596	94.73	4.73	$11,153
Apr 2014	1	582	95.94	4.81	$2,895
Mar 2014	1	615	95.89	5.06	$3,206
Feb 2014	58	607	97.40	6.19	$9,408
Jan 2014	0	800	90.40	4.86	$3,889
Dec 2013	1	541	91.82	4.35	$2,448
Nov 2013	77	570	88.85	3.74	$8,972
Oct 2013	0	693	97.42	3.78	$2,619
Sep 2013	0	670	104.11	3.72	$2,491
Aug 2013	83	677	104.25	3.52	$11,038
Jul 2013	0	708	102.52	3.72	$2,632
Jun 2013	0	713	94.40	3.93	$2,805
May 2013	91	1,062	94.83	4.15	$13,036
Apr 2013	0	486	93.96	4.28	$2,081
Mar 2013	0	813	93.62	3.91	$3,181
Feb 2013	58	772	91.23	3.42	$7,932
Jan 2013	1	841	91.60	3.42	$2,968
Dec 2012	83	767	86.77	3.42	$9,825
Nov 2012	1	780	86.95	3.62	$2,914
Oct 2012	53	593	89.38	3.40	$6,753
Sep 2012	87	568	94.67	2.92	$9,894
Aug 2012	0	552	92.66	2.91	$1,605
Jul 2012	62	612	85.13	3.02	$7,127
Jun 2012	0	614	79.82	2.52	$1,547
May 2012	92	744	91.61	2.49	$10,279
Apr 2012	1	678	101.65	2.00	$1,455
Mar 2012	67	580	105.05	2.22	$8,327
Feb 2012	1	555	101.10	2.57	$1,528
Jan 2012	0	578	98.09	2.73	$1,580
Dec 2011	105	572	96.87	3.24	$12,024
Nov 2011	0	537	95.72	3.31	$1,778
Oct 2011	115	686	84.98	3.65	$12,276
Sep 2011	0	760	83.62	3.99	$3,029
Aug 2011	1	683	83.40	4.15	$2,917
Jul 2011	0	860	94.14	4.52	$3,885
Jun 2011	96	655	92.90	4.64	$11,958
May 2011	0	718	98.13	4.40	$3,163
Apr 2011	93	786	105.96	4.33	$13,260
Mar 2011	0	884	96.36	4.06	$3,587
Feb 2011	119	782	85.64	4.18	$13,460
Jan 2011	0	811	86.50	4.59	$3,722
Dec 2010	0	840	85.73	4.35	$3,652
Nov 2010	95	651	80.84	3.80	$10,151
Oct 2010	0	897	78.10	3.51	$3,147
Sep 2010	138	912	72.63	3.98	$13,652
Aug 2010	0	1,021	73.68	4.42	$4,512
Jul 2010	0	919	72.55	4.74	$4,353
Jun 2010	102	1,357	70.36	4.91	$13,840
May 2010	0	584	71.12	4.24	$2,473
Apr 2010	0	1,033	81.69	4.12	$4,259
Mar 2010	71	968	78.39	4.39	$9,814
Feb 2010	0	927	73.58	5.44	$5,045
Jan 2010	66	976	74.36	5.96	$10,729
Dec 2009	0	971	71.44	5.48	$5,325
Nov 2009	86	976	74.59	3.75	$10,076
Oct 2009	0	1,070	72.54	4.11	$4,398
Sep 2009	0	995	65.54	3.06	$3,049
Aug 2009	92	1,180	67.42	3.22	$10,000
Jul 2009	0	1,159	61.13	3.46	$4,015
Jun 2009	0	1,068	66.16	3.90	$4,160
May 2009	73	1,154	54.74	3.93	$8,526
Apr 2009	0	1,182	46.77	3.59	$4,240
Mar 2009	74	1,606	42.14	4.06	$9,637
Feb 2009	0	1,154	32.81	4.63	$5,346
Jan 2009	0	1,251	35.86	5.37	$6,719
Dec 2008	82	1,313	37.10	5.98	$10,890
Nov 2008	1	1,358	55.49	6.86	$9,372
Oct 2008	64	1,719	75.24	6.92	$16,714
Sep 2008	0	1,281	101.76	7.88	$10,091
Aug 2008	58	1,689	114.22	8.48	$20,953
Jul 2008	55	1,655	131.08	11.39	$26,059
Jun 2008	127	1,503	131.33	13.03	$36,267
May 2008	0	1,501	123.17	11.57	$17,373
Apr 2008	121	1,485	110.31	10.45	$28,873
Mar 2008	0	1,464	101.90	9.66	$14,148
Feb 2008	0	1,584	92.53	8.77	$13,893
Jan 2008	118	1,712	90.38	8.21	$24,713
Dec 2007	0	1,715	88.33	7.30	$12,523
Nov 2007	180	1,718	91.67	7.29	$29,028
Oct 2007	0	1,872	82.85	6.92	$12,958
Sep 2007	0	1,934	75.84	6.24	$12,076
Aug 2007	0	2,030	69.06	6.39	$12,968
Jul 2007	180	1,936	70.90	6.39	$25,129
Jun 2007	0	2,187	62.00	7.55	$16,508
May 2007	0	2,389	58.74	7.85	$18,745
Apr 2007	183	2,056	59.61	7.81	$26,956
Mar 2007	1	2,385	56.92	7.30	$17,472
Feb 2007	176	2,142	55.10	8.22	$27,296
Jan 2007	184	2,353	50.30	6.73	$25,083
Dec 2006	0	2,541	56.65	6.92	$17,580
Nov 2006	0	2,656	54.20	7.62	$20,232
Oct 2006	177	3,150	54.90	6.01	$28,661
Sep 2006	178	3,000	60.08	5.04	$25,806
Aug 2006	170	3,245	68.71	7.34	$35,499
Jul 2006	178	3,408	69.37	6.34	$33,964
Jun 2006	172	3,813	66.28	6.38	$35,742
May 2006	1	4,231	66.01	6.42	$27,250
Apr 2006	184	4,819	64.39	7.36	$47,318
Mar 2006	179	5,435	56.70	7.08	$48,645
Feb 2006	357	4,901	57.59	7.75	$58,548
Jan 2006	176	5,540	60.59	8.93	$60,154
Dec 2005	178	5,637	54.94	13.42	$85,402
Nov 2005	182	5,180	54.69	10.59	$64,801
Oct 2005	5	1,178	58.34	13.80	$16,543
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	86	0	52.33	7.38	$4,500
May 2005	147	0	45.22	6.65	$6,647
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	270	39.86	6.75	$1,823
Nov 2004	0	254	45.28	6.33	$1,608
Oct 2004	0	304	49.70	6.52	$1,981
Sep 2004	0	285	43.24	5.28	$1,506
Aug 2004	0	272	42.37	5.55	$1,510
Jul 2004	1	296	38.28	6.08	$1,839
Jun 2004	0	312	36.10	6.43	$2,007
May 2004	0	324	37.48	6.49	$2,104
Apr 2004	0	330	34.47	5.86	$1,933
Mar 2004	1	366	34.36	5.53	$2,058
Feb 2004	0	318	32.45	5.51	$1,752
Jan 2004	0	369	32.03	6.30	$2,325
Dec 2003	0	307	30.26	6.30	$1,935
Nov 2003	0	380	28.80	4.60	$1,746
Oct 2003	0	390	28.17	4.76	$1,856
Sep 2003	0	387	26.31	4.75	$1,838
Aug 2003	0	389	29.76	5.13	$1,995
Jul 2003	1	161	29.41	5.17	$862
Jun 2003	0	142	28.56	5.98	$850
May 2003	0	261	26.59	5.97	$1,559
Apr 2003	0	201	26.67	5.41	$1,087
Mar 2003	1	297	31.14	6.10	$1,842
Feb 2003	1	474	33.48	7.93	$3,790
Jan 2003	1	580	30.31	5.58	$3,268
Dec 2002	170	591	26.91	4.85	$7,443
Nov 2002	1	513	24.66	4.14	$2,147
Oct 2002	1	493	26.46	4.23	$2,111
Sep 2002	1	395	27.44	3.64	$1,463
Aug 2002	0	632	25.96	3.16	$2,000
Jul 2002	1	726	24.58	3.06	$2,247
Jun 2002	1	519	23.73	3.34	$1,756
May 2002	1	249	24.66	3.58	$917
Apr 2002	1	418	23.65	3.51	$1,492
Mar 2002	2	787	22.00	3.10	$2,486
Feb 2002	6	863	18.22	2.38	$2,160
Jan 2002	5	278	17.17	2.38	$746
Dec 2001	0	112	16.93	2.36	$265
Nov 2001	2	487	18.07	2.41	$1,208
Oct 2001	188	739	19.78	2.53	$5,587
Sep 2001	0	129	24.26	2.25	$290
Aug 2001	0	223	24.87	3.05	$681
Jul 2001	0	139	23.93	3.20	$444
Jun 2001	0	119	24.56	3.82	$455
May 2001	0	142	25.52	4.31	$612
Apr 2001	0	150	24.68	5.34	$800
Mar 2001	1	216	24.54	5.38	$1,186
Feb 2001	1	242	27.75	5.77	$1,423
Jan 2001	0	80	27.47	8.40	$672
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	67	31.87	5.19	$348
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	1	0	25.27	2.48	$25
Dec 1999	0	74	24.28	2.42	$179
Nov 1999	0	198	23.19	2.43	$482
Oct 1999	0	231	20.98	2.80	$648
Sep 1999	0	211	21.75	2.62	$553
Aug 1999	0	235	19.26	2.88	$676
Jul 1999	0	334	17.89	2.37	$792
Jun 1999	0	223	15.94	2.36	$527
May 1999	0	217	15.79	2.32	$504
Apr 1999	0	290	15.10	2.21	$640
Mar 1999	0	196	12.47	1.84	$360
Feb 1999	0	221	9.98	1.82	$402
Jan 1999	2	253	10.38	1.90	$501
Dec 1998	1	287	9.20	1.77	$518
Nov 1998	1	285	10.89	2.19	$634
Oct 1998	183	315	12.42	1.97	$2,893
Sep 1998	11	314	12.59	2.08	$792
Aug 1998	15	358	11.30	1.91	$852
Jul 1998	6	372	11.74	2.24	$903
Jun 1998	5	383	11.24	2.24	$913
May 1998	4	440	12.62	2.21	$1,021
Apr 1998	7	295	13.04	2.51	$830
Mar 1998	19	373	12.80	2.31	$1,105
Feb 1998	9	362	13.95	2.30	$958
Jan 1998	8	464	14.70	2.15	$1,117
Dec 1997	9	508	16.32	2.41	$1,372
Nov 1997	6	338	18.19	3.09	$1,153
Oct 1997	14	327	19.25	3.15	$1,299
Sep 1997	8	280	17.74	2.95	$969
Aug 1997	10	334	17.86	2.55	$1,032
Jul 1997	13	355	17.58	2.25	$1,026
Jun 1997	0	481	17.24	2.26	$1,086
May 1997	10	439	18.97	2.31	$1,203
Apr 1997	13	424	17.88	2.08	$1,116
Mar 1997	11	858	18.95	1.94	$1,872
Feb 1997	8	1,080	20.49	2.21	$2,546
Jan 1997	202	1,203	23.48	3.54	$9,001
Dec 1996	12	1,228	23.32	—	$280
Nov 1996	7	1,332	21.97	—	$154
Oct 1996	8	1,535	23.31	—	$186
Sep 1996	197	1,541	22.22	—	$4,377
Aug 1996	12	1,885	20.26	—	$243
Jul 1996	18	2,041	19.55	—	$352
Jun 1996	18	1,912	18.73	—	$337
May 1996	21	2,000	19.43	—	$408
Apr 1996	208	1,941	21.51	—	$4,474
Mar 1996	7	1,994	19.38	—	$136
Feb 1996	11	1,838	16.98	—	$187
Jan 1996	15	1,795	17.07	—	$256
Dec 1995	323	1,751	17.19	—	$5,552
Nov 1995	18	1,727	16.00	—	$288
Oct 1995	5	1,688	15.43	—	$77
Sep 1995	7	1,536	16.18	—	$113
Aug 1995	9	1,637	15.92	—	$143
Jul 1995	7	2,015	15.24	—	$107
Jun 1995	9	1,965	16.41	—	$148
May 1995	10	2,174	17.56	—	$176
Apr 1995	15	1,617	17.73	—	$266
Mar 1995	390	1,901	16.44	—	$6,412
Feb 1995	5	1,712	16.58	—	$83
Jan 1995	5	1,812	15.92	—	$80
Dec 1994	6	1,841	15.03	—	$90
Nov 1994	208	2,274	15.90	—	$3,307
Oct 1994	7	2,136	15.58	—	$109
Sep 1994	6	1,938	15.29	—	$92
Aug 1994	5	1,459	16.13	—	$81
Jul 1994	5	2,566	17.56	—	$88
Jun 1994	2	169	17.09	—	$34
May 1994	1	456	15.88	—	$16
Apr 1994	1	1,262	14.14	—	$14
Mar 1994	2	859	12.46	—	$25
Feb 1994	1	392	12.50	—	$13
Jan 1994	1	782	12.66	—	$13
Dec 1993	1	193	12.33	—	$12
Nov 1993	2	361	14.49	—	$29
Oct 1993	4	686	15.85	—	$63
Sep 1993	354	1,009	15.03	—	$5,321
Aug 1993	1	459	15.66	—	$16
Jul 1993	1	737	15.46	—	$15
Jun 1993	2	908	16.79	—	$34
May 1993	1	1,446	17.68	—	$18
Apr 1993	0	1,695	18.05	—	$0
Mar 1993	1	1,478	18.14	—	$18
Feb 1993	0	1,048	17.90	—	$0
Jan 1993	1	1,913	16.93	—	$17

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.

Oct 2017 — as filed, then multipliedworked

Oil                   17 bbl  × $ 49.29 =       $838
Casinghead gas         0 Mcf  × $  2.98 =         $0

────────────────────────────────────────────────────
Month total                                     $838

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/O/17724 is the state's own key, not one this site invented.