PANOLA 2 UNIT

Operated by CR2 ENERGY LLC (P-5 101608) 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 133709District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111990-05-24122176
NGPA1none

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
CondensateDisposition12,875 bbl$377,297
GasProduction963,207 Mcf$2,931,053
Total$3,308,349

301,897 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 32.0334, -94.3319. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.03338, -94.33193 · 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
9,500 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 9,500 ft.

Completions filed
Dec 1999
1 of 1 wells

1 well

42-3653218849,500 ftDec 1999

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 (401)

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

401 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 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
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 2021170777.435.24$3,780
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 202118069.493.38$1,251
May 2021021263.483.02$640
Apr 20211185260.362.76$3,014
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 2020182538.772.71$2,272
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 202041,01039.982.39$2,569
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 202024014.751.80$354
Mar 2020039830.341.86$739
Feb 2020673249.881.98$1,749
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 201901,77653.472.42$4,295
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 20181052.934.24$53
Oct 2018016761.443.40$567
Sep 2018024059.543.11$746
Aug 2018115659.403.07$538
Jul 2018042165.142.93$1,234
Jun 20180060.183.08$0
May 2018023065.382.90$667
Apr 201809163.842.90$264
Mar 2018116561.222.79$521
Feb 2018015461.782.77$426
Jan 2018014062.874.01$561
Dec 2017014357.272.92$418
Nov 2017024155.423.12$752
Oct 2017013649.292.98$406
Sep 2017024747.523.09$763
Aug 201706945.373.00$207
Jul 2017015843.873.09$488
Jun 2017017342.493.09$534
May 2017039445.373.26$1,286
Apr 2017052547.933.21$1,686
Mar 20170046.772.98$0
Feb 20171050.452.95$50
Jan 20170049.413.42$0
Dec 201634348.763.72$306
Nov 2016225042.492.64$746
Oct 2016024446.193.09$754
Sep 2016227541.553.10$936
Aug 2016125841.442.92$796
Jul 2016027341.622.92$798
Jun 2016227745.352.69$835
May 2016028642.521.99$569
Apr 2016027136.561.99$540
Mar 2016025533.011.79$457
Feb 2016030526.472.06$629
Jan 2016079927.352.36$1,889
Dec 20150032.362.00$0
Nov 2015147738.792.17$1,073
Oct 2015161043.552.43$1,524
Sep 201501342.992.76$36
Aug 2015015740.162.87$451
Jul 20151148.152.95$51
Jun 20150256.152.88$6
May 2015121055.212.96$676
Apr 2015052049.822.71$1,407
Mar 20152542.892.93$100
Feb 201506244.662.98$185
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 2014016270.464.25$689
Oct 2014021378.303.90$831
Sep 2014024286.164.05$979
Aug 2014129989.394.04$1,296
Jul 2014030196.564.18$1,258
Jun 2014037598.164.74$1,776
May 2014058194.734.73$2,746
Apr 2014028895.944.81$1,385
Mar 2014065295.895.06$3,297
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 2013224691.824.35$1,255
Nov 201331688.853.74$326
Oct 2013140997.423.78$1,643
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 2013018102.523.72$67
Jun 2013111294.403.93$535
May 2013143594.834.15$1,900
Apr 2013023893.964.28$1,019
Mar 2013028793.623.91$1,123
Feb 2013014991.233.42$510
Jan 201302391.603.42$79
Dec 2012111086.773.42$463
Nov 2012117286.953.62$710
Oct 2012035389.383.40$1,200
Sep 2012038894.672.92$1,132
Aug 201219492.662.91$366
Jul 2012170185.133.02$2,203
Jun 2012013479.822.52$338
May 20120091.612.49$0
Apr 2012035101.652.00$70
Mar 20122381105.052.22$1,057
Feb 20121348101.102.57$996
Jan 2012138498.092.73$1,148
Dec 2011449696.873.24$1,994
Nov 2011014895.723.31$490
Oct 2011445784.983.65$2,007
Sep 2011434283.623.99$1,698
Aug 2011446583.404.15$2,263
Jul 2011341994.144.52$2,175
Jun 2011332492.904.64$1,782
May 2011329398.134.40$1,585
Apr 201113188105.964.33$2,192
Mar 20111034896.364.06$2,376
Feb 20112039185.644.18$3,347
Jan 20111027986.504.59$2,145
Dec 2010201385.734.35$1,771
Nov 2010118780.843.80$1,219
Oct 20101924178.103.51$2,330
Sep 20101138672.633.98$2,335
Aug 2010954173.684.42$3,054
Jul 20102068372.554.74$4,686
Jun 20101060070.364.91$3,650
May 20101470171.124.24$3,965
Apr 2010111,86681.694.12$8,592
Mar 2010790878.394.39$4,534
Feb 2010101073.585.44$790
Jan 201051,09974.365.96$6,926
Dec 200941,16471.445.48$6,669
Nov 2009157874.593.75$2,243
Oct 2009285572.544.11$3,659
Sep 2009452765.543.06$1,877
Aug 2009355167.423.22$1,976
Jul 2009256861.133.46$2,090
Jun 2009358266.163.90$2,465
May 2009474554.743.93$3,144
Apr 20091057246.773.59$2,520
Mar 20091042.144.06$42
Feb 20091351332.814.63$2,803
Jan 20092064935.865.37$4,203
Dec 20082567137.105.98$4,938
Nov 20081181355.496.86$6,188
Oct 2008545075.246.92$3,491
Sep 20086602101.767.88$5,353
Aug 20087714114.228.48$6,856
Jul 20086831131.0811.39$10,251
Jun 20085586131.3313.03$8,294
May 20086658123.1711.57$8,355
Apr 2008420110.3110.45$650
Mar 20084680101.909.66$6,979
Feb 2008282292.538.77$7,394
Jan 2008318090.388.21$1,748
Dec 20072177688.337.30$7,521
Nov 20075274491.677.29$10,192
Oct 20072983482.856.92$8,176
Sep 2007421,41475.846.24$12,015
Aug 2007181469.066.39$5,269
Jul 20077070.906.39$496
Jun 20073321562.007.55$3,669
May 20071191,46858.747.85$18,508
Apr 20071642,25459.617.81$27,369
Mar 20071542,23256.927.30$25,064
Feb 20071051,97155.108.22$21,979
Jan 20071081,88250.306.73$18,092
Dec 2006682,22256.656.92$19,225
Nov 2006601,69654.207.62$16,171
Oct 200602,39554.906.01$14,403
Sep 2006712,57060.085.04$17,211
Aug 200601,36068.717.34$9,982
Jul 20061071,80969.376.34$18,897
Jun 200612,61066.286.38$16,728
May 20061163,02966.016.42$27,118
Apr 200622,98464.397.36$22,092
Mar 20061173,07056.707.08$28,378
Feb 200602,79357.597.75$21,649
Jan 2006812,85060.598.93$30,368
Dec 200502,85654.9413.42$38,314
Nov 20051073,00454.6910.59$37,659
Oct 200502,66358.3413.80$36,738
Sep 20051042,81661.4512.08$40,405
Aug 200503,72361.519.80$36,474
Jul 20051303,74555.697.84$36,614
Jun 200513,60852.337.38$26,683
May 20051573,75545.226.65$32,075
Apr 200513,66249.207.36$27,003
Mar 200513,66150.377.15$26,244
Feb 20051403,41845.226.31$27,905
Jan 20051123,91743.166.32$29,598
Dec 200403,95139.866.75$26,674
Nov 2004763,98745.286.33$28,681
Oct 200404,16349.706.52$27,122
Sep 200404,18843.245.28$22,129
Aug 2004704,41942.375.55$27,494
Jul 200444,44738.286.08$27,209
Jun 2004704,18836.106.43$29,468
May 200474,32737.486.49$28,364
Apr 2004974,30834.475.86$28,582
Mar 2004894,62834.365.53$28,652
Feb 200404,38332.455.51$24,149
Jan 2004824,76332.036.30$32,632
Dec 20031064,88930.266.30$34,016
Nov 200334,86528.804.60$22,442
Oct 2003935,11328.174.76$26,956
Sep 2003995,19726.314.75$27,287
Aug 200345,51529.765.13$28,409
Jul 2003995,67029.415.17$32,230
Jun 20031045,39228.565.98$35,230
May 2003115,95826.595.97$35,878
Apr 2003955,92626.675.41$34,577
Mar 2003956,39531.146.10$41,942
Feb 2003955,91033.487.93$50,023
Jan 20031076,72630.315.58$40,788
Dec 20021086,68926.914.85$35,373
Nov 2002946,77824.664.14$30,358
Oct 200236,54726.464.23$27,767
Sep 2002784,65327.443.64$19,055
Aug 2002763,70425.963.16$13,693
Jul 2002923,94224.583.06$14,331
Jun 200234,07123.733.34$13,661
May 200214,24924.663.58$15,253
Apr 2002784,23823.653.51$16,730
Mar 2002674,29022.003.10$14,785
Feb 2002634,09018.222.38$10,864
Jan 200204,83417.172.38$11,484
Dec 2001685,09916.932.36$13,207
Nov 2001805,12718.072.41$13,779
Oct 2001775,72919.782.53$16,011
Sep 2001805,85624.262.25$15,125
Aug 200175,89124.873.05$18,160
Jul 2001805,44723.933.20$19,329
Jun 20011004,99724.563.82$21,565
May 2001715,43525.524.31$25,222
Apr 2001765,26424.685.34$29,961
Mar 2001796,11924.545.38$34,837
Feb 2001775,81527.755.77$35,672
Jan 2001816,80127.478.40$59,345
Dec 2000876,62326.889.12$62,757
Nov 20001036,68032.215.66$41,113
Oct 20001177,23931.235.15$40,902
Sep 20001057,47931.875.19$42,136
Aug 2000988,14629.644.54$39,894
Jul 200010010,20128.534.09$44,573
Jun 2000899,52229.304.40$44,478
May 20008710,11827.263.68$39,603
Apr 2000948,91924.513.12$30,096
Mar 20001768,95028.422.86$30,597
Feb 2000757,88427.622.73$23,567
Jan 20001297,61225.272.48$22,141
Dec 199927,42024.282.42$18,033
Nov 19996720723.192.43$2,058
Oct 199921,06720.982.80$3,034
Sep 1999703,47921.752.62$10,633
Aug 1999732,77619.262.88$9,389
Jul 199914,91317.892.37$11,673
Jun 1999733,31315.942.36$8,989
May 1999564,92815.792.32$12,322
Apr 199922,11815.102.21$4,707
Mar 1999582,36912.471.84$5,078
Feb 1999613,6289.981.82$7,204
Jan 1999604,89510.381.90$9,923
Dec 1998685,0189.201.77$9,524
Nov 1998615,00910.892.19$11,613
Oct 1998653,04912.421.97$6,811
Sep 1998593,32712.592.08$7,672
Aug 199804,49011.301.91$8,564
Jul 1998684,66311.742.24$11,231
Jun 1998705,57211.242.24$13,253
May 19981386,18512.622.21$15,388
Apr 1998636,31913.042.51$16,653
Mar 1998645,06712.802.31$12,521
Feb 1998636,10913.952.30$14,924
Jan 1998727,23314.702.15$16,644
Dec 19971417,47816.322.41$20,331
Nov 1997677,38718.193.09$24,032
Oct 1997917,30919.253.15$24,774
Sep 1997397,15017.742.95$21,819
Aug 1997737,87117.862.55$21,412
Jul 1997367,97417.582.25$18,550
Jun 1997617,65217.242.26$18,324
May 1997587,07518.972.31$17,433
Apr 1997544,44517.882.08$10,223
Mar 1997245,22318.951.94$10,583
Feb 1997424,59520.492.21$10,997
Jan 1997675,11423.483.54$19,675
Dec 1996484,94523.32$1,119
Nov 1996664,82121.97$1,450
Oct 1996654,93523.31$1,515
Sep 1996354,89222.22$778
Aug 1996746,05020.26$1,499
Jul 1996776,04019.55$1,505
Jun 1996895,33518.73$1,667
May 199605,68419.43$0
Apr 19961125,52521.51$2,409
Mar 19961235,68119.38$2,384
Feb 19961185,48916.98$2,004
Jan 19961106,02317.07$1,878
Dec 199505,99517.19$0
Nov 1995875,85116.00$1,392
Oct 19951067,57415.43$1,636
Sep 19951046,17416.18$1,683
Aug 199506,60915.92$0
Jul 1995966,44415.24$1,463
Jun 199525,56916.41$33
May 1995925,15217.56$1,616
Apr 1995585,38417.73$1,028
Mar 1995935,79016.44$1,529
Feb 1995825,79716.58$1,360
Jan 19951396,04015.92$2,213
Dec 199406,00115.03$0
Nov 19941164,76215.90$1,844
Oct 1994956,34515.58$1,480
Sep 1994916,37715.29$1,391
Aug 199405,52016.13$0
Jul 1994964,83717.56$1,686
Jun 19941006,26617.09$1,709
May 199406,40215.88$0
Apr 1994996,28614.14$1,400
Mar 1994947,41012.46$1,171
Feb 19941077,05812.50$1,338
Jan 1994967,00812.66$1,215
Dec 19931057,46312.33$1,295
Nov 1993918,44314.49$1,319
Oct 1993965,56815.85$1,522
Sep 1993907,81115.03$1,353
Aug 1993987,07315.66$1,535
Jul 19931005,88715.46$1,546
Jun 1993967,40116.79$1,612
May 1993968,10017.68$1,697
Apr 1993788,10918.05$1,408
Mar 1993987,94118.14$1,778
Feb 19931967,35817.90$3,508
Jan 1993988,67216.93$1,659

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.

Nov 2021 — as filed, then multipliedworked
Condensate             1 bbl  × $ 77.43 =        $77
Gas                  707 Mcf  × $  5.24 =     $3,702

────────────────────────────────────────────────────
Month total                                   $3,780

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/133709 is the state's own key, not one this site invented.