PANOLA DEVELOPMENT COMPANY

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

Operated by GLASSELL PRODUCING COMPANY, INC. (P-5 309515) in the CARTHAGE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 126574District 06Field 16032174NGPA filingGasSave Export

Value, all time

$2.2 M

Jan 1993 – Sep 2010

Value, last 12 filed months

$56 k

at the published price for each month

Months reported

213

no gaps in the span

Streams

gas

The CARTHAGE (COTTON VALLEY) 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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered

1968-05-01

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 40 acres. The field rule took effect on 2011-02-08.

The Commission's schedule remark for this field reads: “FIELD. EFFECTIVE 4/12/16.”

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	3	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
Gas	Production	627,059 Mcf	$2,235,207
Total			$2,235,207

177,369 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 32.2289, -94.2131. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.22885, -94.21312 · 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

0.0%

0 of 1 wells

Median depth

9,850 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

1100.0%

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.

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 9,850 ft.

Completions filed

Dec 2019

1 of 1 wells

1 well


42-36531870	5	9,850 ft	Dec 2019	—	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 (213)

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

213 months


Sep 2010	0	72.63	3.98	$0
Aug 2010	578	73.68	4.42	$2,554
Jul 2010	612	72.55	4.74	$2,899
Jun 2010	676	70.36	4.91	$3,319
May 2010	1,045	71.12	4.24	$4,426
Apr 2010	1,032	81.69	4.12	$4,255
Mar 2010	1,320	78.39	4.39	$5,793
Feb 2010	1,568	73.58	5.44	$8,534
Jan 2010	1,668	74.36	5.96	$9,948
Dec 2009	1,349	71.44	5.48	$7,398
Nov 2009	984	74.59	3.75	$3,691
Oct 2009	784	72.54	4.11	$3,222
Sep 2009	934	65.54	3.06	$2,862
Aug 2009	235	67.42	3.22	$756
Jul 2009	164	61.13	3.46	$568
Jun 2009	844	66.16	3.90	$3,287
May 2009	992	54.74	3.93	$3,894
Apr 2009	1,104	46.77	3.59	$3,961
Mar 2009	1,743	42.14	4.06	$7,075
Feb 2009	586	32.81	4.63	$2,715
Jan 2009	1,000	35.86	5.37	$5,371
Dec 2008	1,179	37.10	5.98	$7,047
Nov 2008	1,071	55.49	6.86	$7,347
Oct 2008	1,173	75.24	6.92	$8,119
Sep 2008	1,004	101.76	7.88	$7,909
Aug 2008	1,086	114.22	8.48	$9,213
Jul 2008	1,778	131.08	11.39	$20,250
Jun 2008	1,561	131.33	13.03	$20,344
May 2008	890	123.17	11.57	$10,301
Apr 2008	1,082	110.31	10.45	$11,312
Mar 2008	1,540	101.90	9.66	$14,883
Feb 2008	2,037	92.53	8.77	$17,866
Jan 2008	2,029	90.38	8.21	$16,649
Dec 2007	1,510	88.33	7.30	$11,026
Nov 2007	1,533	91.67	7.29	$11,178
Oct 2007	1,393	82.85	6.92	$9,642
Sep 2007	1,631	75.84	6.24	$10,184
Aug 2007	2,074	69.06	6.39	$13,249
Jul 2007	1,627	70.90	6.39	$10,393
Jun 2007	2,192	62.00	7.55	$16,546
May 2007	2,382	58.74	7.85	$18,690
Apr 2007	2,003	59.61	7.81	$15,634
Mar 2007	1,808	56.92	7.30	$13,202
Feb 2007	1,696	55.10	8.22	$13,934
Jan 2007	1,906	50.30	6.73	$12,821
Dec 2006	1,997	56.65	6.92	$13,816
Nov 2006	2,041	54.20	7.62	$15,547
Oct 2006	2,385	54.90	6.01	$14,343
Sep 2006	2,444	60.08	5.04	$12,311
Aug 2006	2,628	68.71	7.34	$19,289
Jul 2006	2,707	69.37	6.34	$17,170
Jun 2006	2,803	66.28	6.38	$17,894
May 2006	3,216	66.01	6.42	$20,663
Apr 2006	3,422	64.39	7.36	$25,188
Mar 2006	2,700	56.70	7.08	$19,124
Feb 2006	2,373	57.59	7.75	$18,393
Jan 2006	1,944	60.59	8.93	$17,366
Dec 2005	2,568	54.94	13.42	$34,451
Nov 2005	3,032	54.69	10.59	$32,104
Oct 2005	3,160	58.34	13.80	$43,595
Sep 2005	2,804	61.45	12.08	$33,870
Aug 2005	3,169	61.51	9.80	$31,046
Jul 2005	3,925	55.69	7.84	$30,786
Jun 2005	3,170	52.33	7.38	$23,398
May 2005	4,001	45.22	6.65	$26,611
Apr 2005	3,454	49.20	7.36	$25,423
Mar 2005	3,620	50.37	7.15	$25,901
Feb 2005	3,589	45.22	6.31	$22,653
Jan 2005	4,468	43.16	6.32	$28,248
Dec 2004	5,316	39.86	6.75	$35,889
Nov 2004	5,917	45.28	6.33	$37,457
Oct 2004	8,811	49.70	6.52	$57,405
Sep 2004	13,090	43.24	5.28	$69,166
Aug 2004	23,971	42.37	5.55	$133,055
Jul 2004	1,399	38.28	6.08	$8,512
Jun 2004	2,541	36.10	6.43	$16,346
May 2004	2,232	37.48	6.49	$14,496
Apr 2004	2,392	34.47	5.86	$14,013
Mar 2004	2,602	34.36	5.53	$14,389
Feb 2004	2,307	32.45	5.51	$12,711
Jan 2004	2,499	32.03	6.30	$15,743
Dec 2003	2,593	30.26	6.30	$16,340
Nov 2003	2,530	28.80	4.60	$11,626
Oct 2003	2,538	28.17	4.76	$12,080
Sep 2003	2,467	26.31	4.75	$11,717
Aug 2003	2,562	29.76	5.13	$13,142
Jul 2003	2,734	29.41	5.17	$14,137
Jun 2003	2,312	28.56	5.98	$13,833
May 2003	2,276	26.59	5.97	$13,594
Apr 2003	2,389	26.67	5.41	$12,918
Mar 2003	2,612	31.14	6.10	$15,923
Feb 2003	2,013	33.48	7.93	$15,955
Jan 2003	2,539	30.31	5.58	$14,173
Dec 2002	2,525	26.91	4.85	$12,256
Nov 2002	2,684	24.66	4.14	$11,104
Oct 2002	2,734	26.46	4.23	$11,562
Sep 2002	2,493	27.44	3.64	$9,063
Aug 2002	2,880	25.96	3.16	$9,113
Jul 2002	2,913	24.58	3.06	$8,919
Jun 2002	2,773	23.73	3.34	$9,257
May 2002	1,889	24.66	3.58	$6,770
Apr 2002	2,455	23.65	3.51	$8,623
Mar 2002	2,920	22.00	3.10	$9,060
Feb 2002	2,268	18.22	2.38	$5,388
Jan 2002	2,958	17.17	2.38	$7,027
Dec 2001	2,846	16.93	2.36	$6,729
Nov 2001	2,643	18.07	2.41	$6,358
Oct 2001	2,692	19.78	2.53	$6,808
Sep 2001	2,439	24.26	2.25	$5,491
Aug 2001	2,529	24.87	3.05	$7,721
Jul 2001	2,534	23.93	3.20	$8,101
Jun 2001	2,627	24.56	3.82	$10,046
May 2001	2,747	25.52	4.31	$11,832
Apr 2001	2,901	24.68	5.34	$15,478
Mar 2001	2,941	24.54	5.38	$15,812
Feb 2001	2,525	27.75	5.77	$14,562
Jan 2001	2,985	27.47	8.40	$25,070
Dec 2000	2,756	26.88	9.12	$25,142
Nov 2000	2,646	32.21	5.66	$14,971
Oct 2000	2,887	31.23	5.15	$14,855
Sep 2000	2,784	31.87	5.19	$14,439
Aug 2000	2,743	29.64	4.54	$12,455
Jul 2000	2,644	28.53	4.09	$10,813
Jun 2000	3,026	29.30	4.40	$13,306
May 2000	3,255	27.26	3.68	$11,978
Apr 2000	3,637	24.51	3.12	$11,333
Mar 2000	3,810	28.42	2.86	$10,896
Feb 2000	3,524	27.62	2.73	$9,608
Jan 2000	3,695	25.27	2.48	$9,165
Dec 1999	3,904	24.28	2.42	$9,462
Nov 1999	3,690	23.19	2.43	$8,981
Oct 1999	4,013	20.98	2.80	$11,251
Sep 1999	3,490	21.75	2.62	$9,140
Aug 1999	3,747	19.26	2.88	$10,775
Jul 1999	4,717	17.89	2.37	$11,190
Jun 1999	2,431	15.94	2.36	$5,742
May 1999	3,521	15.79	2.32	$8,172
Apr 1999	2,396	15.10	2.21	$5,290
Mar 1999	2,739	12.47	1.84	$5,035
Feb 1999	3,017	9.98	1.82	$5,484
Jan 1999	2,896	10.38	1.90	$5,502
Dec 1998	3,030	9.20	1.77	$5,373
Nov 1998	2,989	10.89	2.19	$6,533
Oct 1998	2,838	12.42	1.97	$5,589
Sep 1998	2,937	12.59	2.08	$6,117
Aug 1998	3,329	11.30	1.91	$6,350
Jul 1998	3,303	11.74	2.24	$7,390
Jun 1998	3,325	11.24	2.24	$7,439
May 1998	3,107	12.62	2.21	$6,855
Apr 1998	3,342	13.04	2.51	$8,373
Mar 1998	3,274	12.80	2.31	$7,561
Feb 1998	2,889	13.95	2.30	$6,642
Jan 1998	2,837	14.70	2.15	$6,113
Dec 1997	3,417	16.32	2.41	$8,239
Nov 1997	3,403	18.19	3.09	$10,509
Oct 1997	2,995	19.25	3.15	$9,434
Sep 1997	2,881	17.74	2.95	$8,513
Aug 1997	3,279	17.86	2.55	$8,377
Jul 1997	3,037	17.58	2.25	$6,824
Jun 1997	2,470	17.24	2.26	$5,575
May 1997	3,237	18.97	2.31	$7,473
Apr 1997	3,548	17.88	2.08	$7,390
Mar 1997	4,295	18.95	1.94	$8,329
Feb 1997	2,728	20.49	2.21	$6,018
Jan 1997	3,666	23.48	3.54	$12,977
Dec 1996	3,696	23.32	—	$0
Nov 1996	3,648	21.97	—	$0
Oct 1996	4,305	23.31	—	$0
Sep 1996	3,427	22.22	—	$0
Aug 1996	3,039	20.26	—	$0
Jul 1996	3,028	19.55	—	$0
Jun 1996	3,478	18.73	—	$0
May 1996	2,995	19.43	—	$0
Apr 1996	2,608	21.51	—	$0
Mar 1996	3,978	19.38	—	$0
Feb 1996	2,715	16.98	—	$0
Jan 1996	3,231	17.07	—	$0
Dec 1995	4,372	17.19	—	$0
Nov 1995	3,226	16.00	—	$0
Oct 1995	2,522	15.43	—	$0
Sep 1995	3,218	16.18	—	$0
Aug 1995	4,017	15.92	—	$0
Jul 1995	2,960	15.24	—	$0
Jun 1995	2,982	16.41	—	$0
May 1995	3,434	17.56	—	$0
Apr 1995	3,585	17.73	—	$0
Mar 1995	3,418	16.44	—	$0
Feb 1995	3,361	16.58	—	$0
Jan 1995	4,445	15.92	—	$0
Dec 1994	3,755	15.03	—	$0
Nov 1994	4,074	15.90	—	$0
Oct 1994	4,216	15.58	—	$0
Sep 1994	3,753	15.29	—	$0
Aug 1994	3,431	16.13	—	$0
Jul 1994	3,664	17.56	—	$0
Jun 1994	3,564	17.09	—	$0
May 1994	4,142	15.88	—	$0
Apr 1994	2,670	14.14	—	$0
Mar 1994	3,662	12.46	—	$0
Feb 1994	3,704	12.50	—	$0
Jan 1994	4,075	12.66	—	$0
Dec 1993	3,054	12.33	—	$0
Nov 1993	3,551	14.49	—	$0
Oct 1993	4,352	15.85	—	$0
Sep 1993	4,491	15.03	—	$0
Aug 1993	4,248	15.66	—	$0
Jul 1993	4,465	15.46	—	$0
Jun 1993	4,456	16.79	—	$0
May 1993	4,992	17.68	—	$0
Apr 1993	4,588	18.05	—	$0
Mar 1993	4,277	18.14	—	$0
Feb 1993	3,800	17.90	—	$0
Jan 1993	4,697	16.93	—	$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.

Aug 2010 — as filed, then multipliedworked

Gas                  578 Mcf  × $  4.42 =     $2,554

────────────────────────────────────────────────────
Month total                                   $2,554

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. 06/G/126574 is the state's own key, not one this site invented.