GRAVES ESTATE

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) 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 134311District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.3 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 Gas111990-09-08122511
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
CondensateDisposition15,643 bbl$483,081
GasProduction1,429,371 Mcf$4,775,240
Total$5,258,321

374,449 Mcf of this lease's gas, across 47 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 32.0504, -94.3943. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.05044, -94.39431 · 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
9,650 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 9,650 ft.

Completions filed
Apr 1990
1 of 1 wells

1 well

42-3653215039,650 ftApr 1990

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 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 20170057.272.92$0
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 20100085.734.35$0
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 2010416781.694.12$1,015
Mar 20102082078.394.39$5,167
Feb 20101769773.585.44$5,044
Jan 2010763,21474.365.96$24,820
Dec 20091353,16871.445.48$27,017
Nov 20091213,38874.593.75$21,735
Oct 20091183,39672.544.11$22,518
Sep 20091113,41665.543.06$17,744
Aug 20091163,51267.423.22$19,124
Jul 20091253,75561.133.46$20,650
Jun 2009912,52966.163.90$15,871
May 2009952,69254.743.93$15,768
Apr 2009702,69446.773.59$12,939
Mar 20091254,20442.144.06$22,332
Feb 2009461,33532.814.63$7,694
Jan 20091013,55735.865.37$22,727
Dec 2008993,53837.105.98$24,820
Nov 2008973,50555.496.86$29,428
Oct 2008401,61875.246.92$14,209
Sep 2008622,678101.767.88$27,404
Aug 2008663,085114.228.48$33,709
Jul 2008884,090131.0811.39$58,118
Jun 2008783,499131.3313.03$55,845
May 2008893,888123.1711.57$55,963
Apr 20081013,916110.3110.45$52,083
Mar 2008373,427101.909.66$36,889
Feb 2008463,58792.538.77$35,716
Jan 2008443,64590.388.21$33,887
Dec 2007322,75588.337.30$22,943
Nov 2007252,57491.677.29$21,061
Oct 2007242,10282.856.92$16,538
Sep 2007232,29875.846.24$16,093
Aug 2007191,95369.066.39$13,788
Jul 2007222,49870.906.39$17,517
Jun 2007182,12762.007.55$17,172
May 2007895358.747.85$7,947
Apr 2007263,86159.617.81$31,686
Mar 2007635,45156.927.30$43,389
Feb 2007201,79255.108.22$15,825
Jan 2007403,56550.306.73$25,993
Dec 2006444,10556.656.92$30,893
Nov 2006414,32154.207.62$35,137
Oct 2006425,08454.906.01$32,880
Sep 2006344,56960.085.04$25,058
Aug 2006425,77568.717.34$45,274
Jul 2006324,81169.376.34$32,735
Jun 2006304,47666.286.38$30,563
May 2006445,62066.016.42$39,013
Apr 2006464,77164.397.36$38,079
Mar 2006777,49556.707.08$57,452
Feb 2006404,39057.597.75$36,331
Jan 2006425,57860.598.93$52,375
Dec 2005335,20254.9413.42$71,600
Nov 2005335,21154.6910.59$56,981
Oct 2005375,91958.3413.80$83,816
Sep 2005344,91961.4512.08$61,506
Aug 2005385,80961.519.80$59,247
Jul 2005446,31255.697.84$51,959
Jun 2005425,46352.337.38$42,520
May 2005606,13745.226.65$43,531
Apr 2005465,98249.207.36$46,294
Mar 2005566,27850.377.15$47,739
Feb 2005586,07645.226.31$40,974
Jan 2005525,95143.166.32$39,868
Dec 2004566,42739.866.75$45,621
Nov 2004416,68845.286.33$44,194
Oct 2004305,80349.706.52$39,298
Sep 2004284,77343.245.28$26,431
Aug 2004195,19342.375.55$29,630
Jul 2004266,77038.286.08$42,185
Jun 2004255,77736.106.43$38,066
May 2004256,01637.486.49$40,008
Apr 2004296,51034.475.86$39,138
Mar 2004357,34734.365.53$41,833
Feb 2004346,94932.455.51$39,390
Jan 2004376,56032.036.30$42,511
Dec 2003427,32930.266.30$47,456
Nov 2003597,09928.804.60$34,320
Oct 200394,70028.174.76$22,624
Sep 200305,78326.314.75$27,466
Aug 200307,00929.765.13$35,954
Jul 200306,78429.415.17$35,079
Jun 200306,59728.565.98$39,470
May 200306,08426.595.97$36,338
Apr 200306,38526.675.41$34,525
Mar 200306,50131.146.10$39,630
Feb 20031245,87733.487.93$50,732
Jan 20031147,04930.315.58$42,803
Dec 20021167,79526.914.85$40,957
Nov 2002797,53824.664.14$33,133
Oct 2002569,08126.464.23$39,886
Sep 2002336,49627.443.64$24,520
Aug 2002348,09025.963.16$26,481
Jul 2002449,04024.583.06$28,760
Jun 2002398,28523.733.34$28,583
May 2002549,03124.663.58$33,699
Apr 2002729,15323.653.51$33,851
Mar 2002269,70922.003.10$30,696
Feb 2002248,86718.222.38$21,502
Jan 20023110,49017.172.38$25,453
Dec 200197,83216.932.36$18,670
Nov 200186,79018.072.41$16,478
Oct 2001646,58619.782.53$17,921
Sep 2001455,27924.262.25$12,976
Aug 2001507,47324.873.05$24,060
Jul 2001697,49423.933.20$25,610
Jun 2001667,69624.563.82$31,052
May 2001738,77025.524.31$39,638
Apr 2001808,62424.685.34$47,986
Mar 2001769,55324.545.38$53,226
Feb 2001866,81827.755.77$41,706
Jan 20011288,71927.478.40$76,745
Dec 20001198,27126.889.12$78,651
Nov 20001069,34332.215.66$56,277
Oct 20001139,54631.235.15$52,648
Sep 2000508,10731.875.19$43,640
Aug 20006910,94929.644.54$51,762
Jul 2000648,92828.534.09$38,339
Jun 2000585,97229.304.40$27,960
May 20006111,14127.263.68$42,659
Apr 20006011,24624.513.12$36,513
Mar 20007212,68028.422.86$38,308
Feb 20009611,38627.622.73$33,695
Jan 200010714,91825.272.48$39,708
Dec 19999814,31024.282.42$37,063
Nov 199912519,84723.192.43$51,206
Oct 1999478,85420.982.80$25,810
Sep 1999437,57221.752.62$20,765
Aug 1999438,15619.262.88$24,282
Jul 1999417,65617.892.37$18,896
Jun 1999558,70315.942.36$21,434
May 1999387,21115.792.32$17,337
Apr 1999467,92215.102.21$18,187
Mar 1999288,01312.471.84$15,080
Feb 1999327,3299.981.82$13,642
Jan 1999617,55610.381.90$14,989
Dec 1998728,6879.201.77$16,067
Nov 1998497,78910.892.19$17,558
Oct 1998538,45512.421.97$17,308
Sep 1998549,49712.592.08$20,459
Aug 19986610,26811.301.91$20,330
Jul 19986310,69311.742.24$24,663
Jun 19988912,50211.242.24$28,971
May 1998071212.622.21$1,571
Apr 1998395,33813.042.51$13,882
Mar 1998658,23212.802.31$19,843
Feb 1998758,95013.952.30$21,623
Jan 1998759,64314.702.15$21,881
Dec 1997729,57116.322.41$24,252
Nov 199710910,30318.193.09$33,801
Oct 19978810,69319.253.15$35,375
Sep 1997639,12917.742.95$28,093
Aug 19977311,09617.862.55$29,651
Jul 1997679,26517.582.25$21,996
Jun 1997779,54117.242.26$22,863
May 19975810,04818.972.31$24,296
Apr 19978010,66917.882.08$23,652
Mar 19978011,56518.951.94$23,942
Feb 19979010,61820.492.21$25,266
Jan 19978513,62023.483.54$50,207
Dec 1996559,72323.32$1,283
Nov 19967411,76121.97$1,626
Oct 19964710,61323.31$1,096
Sep 1996409,99622.22$889
Aug 19969411,77920.26$1,904
Jul 19966812,78719.55$1,329
Jun 19964510,00918.73$843
May 19969213,25619.43$1,788
Apr 199614111,25021.51$3,033
Mar 19967313,98019.38$1,415
Feb 199612214,47816.98$2,072
Jan 199645015,06317.07$7,682
Dec 199535813,96417.19$6,154
Nov 199562318,63816.00$9,968
Oct 199534714,18515.43$5,354
Sep 199534618,95716.18$5,598
Aug 199589517,87015.92$14,248
Jul 199524921,40115.24$3,795
Jun 199549818,33316.41$8,172
May 199518810,41617.56$3,301
Apr 19951908,70517.73$3,369
Mar 19951787,92716.44$2,926
Feb 19951495,74816.58$2,470
Jan 19951594,48715.92$2,531
Dec 1994624,48815.03$932
Nov 19941054,63215.90$1,670
Oct 19941045,08715.58$1,620
Sep 1994795,24015.29$1,208
Aug 1994804,35916.13$1,290
Jul 1994574,68317.56$1,001
Jun 19941124,72217.09$1,914
May 19941053,68015.88$1,667
Apr 1994950814.14$127
Mar 1994311,27112.46$386
Feb 1994181,02012.50$225
Jan 1994331,17812.66$418
Dec 1993241,05412.33$296
Nov 199314814.49$14
Oct 199329315.85$32
Sep 199316611,83415.03$2,495
Aug 19931769,94415.66$2,756
Jul 1993241,54515.46$371
Jun 199301716.79$0
May 199301217.68$0
Apr 1993312718.05$54
Mar 1993411318.14$73
Feb 19930017.90$0
Jan 1993133,46816.93$220

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.

Apr 2010 — as filed, then multipliedworked
Condensate             4 bbl  × $ 81.69 =       $327
Gas                  167 Mcf  × $  4.12 =       $688

────────────────────────────────────────────────────
Month total                                   $1,015

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/134311 is the state's own key, not one this site invented.