GIBBONS CREEK NO. 2

Operated by SANDEL OPERATING COMPANY (P-5 747534) 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 23054District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$2.2 M
Aug 1996 – Jun 2023
Value, last 12 filed months
$0
at the published price for each month
Months reported
323
no gaps in the span
Streams
2
oil, casinghead 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 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

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
OilDisposition78,733 bbl$1,690,228
Casinghead gasProduction261,219 Mcf$525,416
Total$2,215,645

90,836 Mcf of this lease's gas, across 5 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 30.6196, -95.9934. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.61961, -95.99336 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
14,368 ft
1 wells filed one
Completion to plug
15.3 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 14,368 ft.

Completions filed
Aug 1996
1 of 1 wells
Plug dates filed
Nov 2011
1 of 1 wells

Last completion to plug: a median of 15.3 years across the 1 well that filed both dates, with the middle half between 15.3 years and 15.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-18530566214,368 ftAug 1996Nov 2011Yes

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 (323)

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

323 months

Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 201784057.272.92$4,811
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 201013085.734.35$1,114
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 2007172075.846.24$13,044
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 200601554.906.01$90
Sep 200606160.085.04$307
Aug 200603668.717.34$264
Jul 200607469.376.34$469
Jun 200602666.286.38$166
May 200603866.016.42$244
Apr 200637262564.397.36$28,553
Mar 20060056.707.08$0
Feb 2006014457.597.75$1,116
Jan 2006072960.598.93$6,512
Dec 2005079154.9413.42$10,612
Nov 200517817354.6910.59$11,567
Oct 200520189258.3413.80$24,032
Sep 200520237661.4512.08$16,955
Aug 2005046461.519.80$4,546
Jul 2005048855.697.84$3,828
Jun 200520049452.337.38$14,112
May 2005020045.226.65$1,330
Apr 200519621449.207.36$11,218
Mar 2005146550.377.15$3,377
Feb 200520588145.226.31$14,831
Jan 2005034143.166.32$2,156
Dec 200420726139.866.75$10,013
Nov 2004028345.286.33$1,792
Oct 200420794849.706.52$16,464
Sep 20042021,09343.245.28$14,510
Aug 200411,08942.375.55$6,087
Jul 20041771,87138.286.08$18,159
Jun 20042022,55136.106.43$23,703
May 200437970237.486.49$18,764
Apr 200420570534.475.86$11,197
Mar 20042142,19234.365.53$19,475
Feb 200419034432.455.51$8,061
Jan 200417632.036.30$511
Dec 200309130.266.30$573
Nov 200320133228.804.60$7,314
Oct 200319236728.174.76$7,155
Sep 200319633326.314.75$6,738
Aug 200319255529.765.13$8,561
Jul 200319311129.415.17$6,250
Jun 2003121228.565.98$1,297
May 200353839526.595.97$16,665
Apr 2003037626.675.41$2,033
Mar 200318448631.146.10$8,692
Feb 200318522133.487.93$7,945
Jan 200318534430.315.58$7,528
Dec 200218621926.914.85$6,068
Nov 200217831624.664.14$5,697
Oct 2002140026.464.23$1,718
Sep 200218346427.443.64$6,708
Aug 200235034425.963.16$10,174
Jul 200234853324.583.06$10,186
Jun 200234345323.733.34$9,652
May 200236077124.663.58$11,641
Apr 20023571,22723.653.51$12,753
Mar 20021,2592,09322.003.10$34,192
Feb 20021768318.222.38$3,404
Jan 20020017.172.38$0
Dec 2001188016.932.36$3,183
Nov 2001171018.072.41$3,090
Oct 2001174019.782.53$3,442
Sep 2001180024.262.25$4,367
Aug 2001177024.873.05$4,402
Jul 2001174023.933.20$4,164
Jun 20011024.563.82$25
May 2001370025.524.31$9,442
Apr 20011024.685.34$25
Mar 2001187024.545.38$4,589
Feb 2001380027.755.77$10,545
Jan 2001201027.478.40$5,521
Dec 2000194026.889.12$5,215
Nov 2000365032.215.66$11,757
Oct 2000566031.235.15$17,676
Sep 20001031.875.19$32
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 2000184029.304.40$5,391
May 2000021727.263.68$799
Apr 200037818224.513.12$9,832
Mar 2000022128.422.86$632
Feb 200071995127.622.73$22,452
Jan 2000120425.272.48$531
Dec 1999016224.282.42$393
Nov 19995081,33923.192.43$15,040
Oct 19993963,10820.982.80$17,022
Sep 19993973,78621.752.62$18,550
Aug 19993912,31519.262.88$14,188
Jul 19997741,59517.892.37$17,631
Jun 19995402,34615.942.36$14,149
May 19993951,94615.792.32$10,754
Apr 19993951,72115.102.21$9,765
Mar 19997891,74112.471.84$13,039
Feb 19993942,2549.981.82$8,029
Jan 19993962,10910.381.90$8,117
Dec 19989812,1429.201.77$12,824
Nov 19984022,36510.892.19$9,547
Oct 19987933,33212.421.97$16,410
Sep 1998782012.592.08$9,845
Aug 199838173811.301.91$5,713
Jul 19989723,14311.742.24$18,443
Jun 19987754,17911.242.24$18,061
May 19989774,11312.622.21$21,404
Apr 19987844,36713.042.51$21,164
Mar 19989903,84912.802.31$21,561
Feb 19986012,68513.952.30$14,557
Jan 19981,1913,80114.702.15$25,698
Dec 19971,4003,64616.322.41$31,639
Nov 19979963,79118.193.09$29,825
Oct 19971,3785,78319.253.15$44,742
Sep 19971,1796,53317.742.95$40,220
Aug 19972,1128,29917.862.55$58,922
Jul 19971,5496,03517.582.25$40,792
Jun 19971,3325,33017.242.26$34,995
May 19972,2868,54518.972.31$63,092
Apr 19972,3498,07517.882.08$58,819
Mar 19972,3029,43818.951.94$61,925
Feb 19972,2736,37220.492.21$60,630
Jan 19972,5317,25723.483.54$85,115
Dec 19963,21811,64623.32$75,044
Nov 19964,94014,68121.97$108,532
Oct 19966,26126,57623.31$145,944
Sep 19969,23426,71822.22$205,179
Aug 19964,16011,21520.26$84,282

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.

Dec 2017 — as filed, then multipliedworked
Oil                   84 bbl  × $ 57.27 =     $4,811
Casinghead gas         0 Mcf  × $  2.92 =         $0

────────────────────────────────────────────────────
Month total                                   $4,811

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/23054 is the state's own key, not one this site invented.