SMITH, T.P.

Operated by LATX OPERATIONS, LLC (P-5 489940) in the WASKOM (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 139938District 06Field 953691602 tax incentive programmesCondensateGasSaveExport
Value, all time
$533 k
Jan 1993 – Mar 2023
Value, last 12 filed months
$0
at the published price for each month
Months reported
363
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 473 leases and 477 wells, and the rule below applies to all of them.

Discovered
1955-09-19
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 2012-11-06.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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 Gas111992-02-22124701
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
CondensateDisposition970 bbl$16,987
GasProduction198,026 Mcf$516,080
Total$533,067

80,431 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 32.4980, -94.1644. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.49805, -94.16441 · 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
9,650 ft
1 wells filed one
Completion to plug
31.4 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 9,650 ft.

Completions filed
Oct 1991
1 of 1 wells
Plug dates filed
Mar 2023
1 of 1 wells

Last completion to plug: a median of 31.4 years across the 1 well that filed both dates, with the middle half between 31.4 years and 31.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2033199219,650 ftOct 1991Mar 2023Yes

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 (363)

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

363 months

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 20176057.272.92$344
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 201203791.612.49$92
Apr 20120705101.652.00$1,408
Mar 20120313105.052.22$696
Feb 20120313101.102.57$804
Jan 2012031398.092.73$856
Dec 2011051296.873.24$1,659
Nov 2011018495.723.31$609
Oct 2011021884.983.65$795
Sep 2011023083.623.99$917
Aug 2011031483.404.15$1,303
Jul 2011039094.144.52$1,762
Jun 2011034092.904.64$1,578
May 2011020798.134.40$912
Apr 20110237105.964.33$1,027
Mar 2011027396.364.06$1,108
Feb 2011020885.644.18$869
Jan 2011027786.504.59$1,271
Dec 2010011785.734.35$509
Nov 2010030280.843.80$1,146
Oct 2010044378.103.51$1,554
Sep 2010047472.633.98$1,886
Aug 2010025773.684.42$1,136
Jul 2010044672.554.74$2,112
Jun 2010055970.364.91$2,745
May 2010055971.124.24$2,367
Apr 2010035081.694.12$1,443
Mar 2010027978.394.39$1,224
Feb 2010018873.585.44$1,023
Jan 2010035574.365.96$2,117
Dec 2009037971.445.48$2,078
Nov 2009041474.593.75$1,553
Oct 2009033072.544.11$1,356
Sep 2009025065.543.06$766
Aug 2009024867.423.22$798
Jul 2009037761.133.46$1,306
Jun 2009023366.163.90$908
May 2009027954.743.93$1,095
Apr 2009033946.773.59$1,216
Mar 2009029642.144.06$1,201
Feb 2009033232.814.63$1,538
Jan 2009034035.865.37$1,826
Dec 2008031337.105.98$1,871
Nov 2008044655.496.86$3,060
Oct 2008043475.246.92$3,004
Sep 20080396101.767.88$3,119
Aug 20080416114.228.48$3,529
Jul 20080293131.0811.39$3,337
Jun 20080343131.3313.03$4,470
May 20080373123.1711.57$4,317
Apr 20080369110.3110.45$3,858
Mar 20080349101.909.66$3,373
Feb 2008027792.538.77$2,429
Jan 2008028590.388.21$2,339
Dec 2007031088.337.30$2,264
Nov 2007035891.677.29$2,610
Oct 2007037582.856.92$2,596
Sep 2007033275.846.24$2,073
Aug 2007031369.066.39$1,999
Jul 2007038170.906.39$2,434
Jun 2007044362.007.55$3,344
May 2007039458.747.85$3,091
Apr 2007039459.617.81$3,075
Mar 2007043756.927.30$3,191
Feb 2007043855.108.22$3,599
Jan 2007034650.306.73$2,327
Dec 2006044856.656.92$3,099
Nov 2006042654.207.62$3,245
Oct 2006048654.906.01$2,923
Sep 2006036960.085.04$1,859
Aug 2006043868.717.34$3,215
Jul 2006043069.376.34$2,727
Jun 2006039266.286.38$2,502
May 2006048066.016.42$3,084
Apr 2006040064.397.36$2,944
Mar 2006049856.707.08$3,527
Feb 2006050757.597.75$3,930
Jan 2006052060.598.93$4,645
Dec 2005049454.9413.42$6,627
Nov 2005043054.6910.59$4,553
Oct 2005049158.3413.80$6,774
Sep 2005040761.4512.08$4,916
Aug 2005039861.519.80$3,899
Jul 2005047255.697.84$3,702
Jun 2005042452.337.38$3,130
May 2005041145.226.65$2,734
Apr 2005040849.207.36$3,003
Mar 2005044150.377.15$3,155
Feb 2005033745.226.31$2,127
Jan 2005047843.166.32$3,022
Dec 2004039839.866.75$2,687
Nov 2004036445.286.33$2,304
Oct 2004051149.706.52$3,329
Sep 2004044543.245.28$2,351
Aug 2004061542.375.55$3,414
Jul 2004063438.286.08$3,857
Jun 2004062236.106.43$4,001
May 2004066437.486.49$4,312
Apr 20045284734.475.86$6,755
Mar 2004068634.365.53$3,794
Feb 2004064632.455.51$3,559
Jan 2004072532.036.30$4,567
Dec 2003081930.266.30$5,161
Nov 2003070128.804.60$3,221
Oct 2003065628.174.76$3,122
Sep 2003053426.314.75$2,536
Aug 2003057829.765.13$2,965
Jul 2003066029.415.17$3,413
Jun 2003060928.565.98$3,644
May 2003065526.595.97$3,912
Apr 2003066726.675.41$3,607
Mar 2003070431.146.10$4,292
Feb 2003057933.487.93$4,589
Jan 2003069330.315.58$3,868
Dec 2002082426.914.85$4,000
Nov 2002073824.664.14$3,053
Oct 2002099826.464.23$4,221
Sep 200201,02627.443.64$3,730
Aug 2002069325.963.16$2,193
Jul 2002058124.583.06$1,779
Jun 2002063223.733.34$2,110
May 20027573224.663.58$4,473
Apr 200201,23223.653.51$4,327
Mar 2002056522.003.10$1,753
Feb 2002056418.222.38$1,340
Jan 2002069517.172.38$1,651
Dec 2001087916.932.36$2,078
Nov 2001861,32918.072.41$4,751
Oct 2001062319.782.53$1,575
Sep 2001062124.262.25$1,398
Aug 2001064224.873.05$1,960
Jul 2001065123.933.20$2,081
Jun 2001063524.563.82$2,428
May 2001073025.524.31$3,144
Apr 2001076724.685.34$4,092
Mar 2001093224.545.38$5,011
Feb 2001079927.755.77$4,608
Jan 200101,31527.478.40$11,044
Dec 2000078126.889.12$7,125
Nov 2000083632.215.66$4,730
Oct 2000096931.235.15$4,986
Sep 200001,16631.875.19$6,047
Aug 2000099829.644.54$4,532
Jul 200001,11028.534.09$4,540
Jun 200001,07029.304.40$4,705
May 200001,19527.263.68$4,397
Apr 200001,00324.513.12$3,125
Mar 2000094528.422.86$2,702
Feb 2000099027.622.73$2,699
Jan 2000085225.272.48$2,113
Dec 1999090424.282.42$2,191
Nov 1999092623.192.43$2,254
Oct 1999095820.982.80$2,686
Sep 1999095021.752.62$2,488
Aug 199901,01019.262.88$2,904
Jul 1999096017.892.37$2,277
Jun 1999094715.942.36$2,237
May 1999096315.792.32$2,235
Apr 1999090215.102.21$1,992
Mar 199901,01012.471.84$1,857
Feb 199909639.981.82$1,751
Jan 1999086910.381.90$1,651
Dec 199808759.201.77$1,552
Nov 1998099810.892.19$2,181
Oct 199801,06212.421.97$2,091
Sep 1998098712.592.08$2,056
Aug 199801,07611.301.91$2,052
Jul 199801,06811.742.24$2,389
Jun 1998099211.242.24$2,219
May 19981531,15912.622.21$4,488
Apr 199801,09113.042.51$2,733
Mar 199801,11112.802.31$2,566
Feb 199801,07213.952.30$2,465
Jan 199801,18914.702.15$2,562
Dec 199701,03916.322.41$2,505
Nov 199701,06718.193.09$3,295
Oct 199701,26419.253.15$3,981
Sep 199701,12817.742.95$3,333
Aug 199701,03117.862.55$2,634
Jul 199701,20617.582.25$2,710
Jun 199701,31417.242.26$2,966
May 199701,47118.972.31$3,396
Apr 199701,01217.882.08$2,108
Mar 199701,18418.951.94$2,296
Feb 199701,36620.492.21$3,013
Jan 199701,72423.483.54$6,102
Dec 199602,28223.32$0
Nov 199601,35921.97$0
Oct 1996067423.31$0
Sep 1996071322.22$0
Aug 1996076220.26$0
Jul 1996092919.55$0
Jun 199610574018.73$1,967
May 1996083619.43$0
Apr 1996074121.51$0
Mar 1996084319.38$0
Feb 1996082516.98$0
Jan 1996082717.07$0
Dec 1995092117.19$0
Nov 1995087216.00$0
Oct 1995064415.43$0
Sep 199501,42316.18$0
Aug 199501,32715.92$0
Jul 199501,48515.24$0
Jun 199501,37416.41$0
May 1995961,32317.56$1,686
Apr 199501,02317.73$0
Mar 199501,40816.44$0
Feb 199501,85516.58$0
Jan 199501,84615.92$0
Dec 199402,16815.03$0
Nov 199401,40815.90$0
Oct 199401,65315.58$0
Sep 1994831,42715.29$1,269
Aug 199401,53616.13$0
Jul 199401,45117.56$0
Jun 199401,87117.09$0
May 199401,93315.88$0
Apr 19941401,98114.14$1,980
Mar 199402,39912.46$0
Feb 199402,23812.50$0
Jan 199402,63512.66$0
Dec 199302,65712.33$0
Nov 199302,52314.49$0
Oct 199302,76215.85$0
Sep 19931742,69215.03$2,615
Aug 199303,43515.66$0
Jul 199302,23115.46$0
Jun 199302,18216.79$0
May 199301,51317.68$0
Apr 199302,55618.05$0
Mar 199303,13818.14$0
Feb 199302,13117.90$0
Jan 199302,87916.93$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.

Dec 2017 — as filed, then multipliedworked
Condensate             6 bbl  × $ 57.27 =       $344
Gas                    0 Mcf  × $  2.92 =         $0

────────────────────────────────────────────────────
Month total                                     $344

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/139938 is the state's own key, not one this site invented.