LOFTIS GAS UNIT

Operated by SABINE OIL & GAS CORPORATION (P-5 742143) in the OAK HILL (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 140626District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.5 M
Jan 1993 – Jul 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
355
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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2018-03-20.

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 Gas111992-04-08124652
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
CondensateDisposition6,672 bbl$212,758
GasProduction1,283,649 Mcf$3,290,051
Total$3,502,809

506,485 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 32.4304, -94.5866. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.43041, -94.58661 · 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
10,625 ft
1 wells filed one
Completion to plug
27.8 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 10,625 ft.

Completions filed
Sep 1994
1 of 1 wells
Plug dates filed
Jul 2022
1 of 1 wells

Last completion to plug: a median of 27.8 years across the 1 well that filed both dates, with the middle half between 27.8 years and 27.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-20332018110,625 ftSep 1994Jul 2022Yes

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 (355)

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

355 months

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 20190753.472.42$17
Sep 2019055855.052.66$1,483
Aug 2019071153.112.30$1,638
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 201902762.632.75$74
Mar 2019011456.803.06$349
Feb 2019020750.852.79$578
Jan 2019031346.033.23$1,010
Dec 2018081246.594.19$3,399
Nov 2018016952.934.24$716
Oct 2018020761.443.40$703
Sep 2018026959.543.11$836
Aug 2018027359.403.07$837
Jul 2018021465.142.93$627
Jun 2018020960.183.08$643
May 2018012365.382.90$357
Apr 2018011063.842.90$319
Mar 2018024361.222.79$677
Feb 2018011161.782.77$307
Jan 201806762.874.01$269
Dec 2017016157.272.92$470
Nov 2017041955.423.12$1,307
Oct 2017032849.292.98$979
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 201701,17743.873.09$3,634
Jun 2017173042.493.09$2,296
May 201721,08845.373.26$3,641
Apr 201710841347.933.21$6,503
Mar 2017049746.772.98$1,483
Feb 2017071150.452.95$2,099
Jan 2017085849.413.42$2,933
Dec 2016078748.763.72$2,930
Nov 201601,06942.492.64$2,827
Oct 201601,21346.193.09$3,748
Sep 201601,21041.553.10$3,752
Aug 201601,26541.442.92$3,699
Jul 201601,39041.622.92$4,065
Jun 201601,34445.352.69$3,610
May 2016095442.521.99$1,899
Apr 201601,55136.561.99$3,088
Mar 201601,76133.011.79$3,159
Feb 201601,40926.472.06$2,908
Jan 2016094027.352.36$2,223
Dec 201501,65132.362.00$3,304
Nov 201501,61638.792.17$3,502
Oct 201501,86143.552.43$4,516
Sep 2015901,63342.992.76$8,374
Aug 201501,85440.162.87$5,326
Jul 201502,00548.152.95$5,905
Jun 201501,63056.152.88$4,699
May 201501,89955.212.96$5,612
Apr 201502,09749.822.71$5,676
Mar 20151041,57242.892.93$9,074
Feb 201501,64544.662.98$4,896
Jan 201501,46543.433.10$4,542
Dec 201401,82154.693.59$6,540
Nov 201401,77470.464.25$7,543
Oct 201401,81478.303.90$7,076
Sep 201401,86086.164.05$7,525
Aug 201401,75489.394.04$7,078
Jul 201401,84196.564.18$7,695
Jun 201401,73698.164.74$8,223
May 201401,68194.734.73$7,945
Apr 201401,94895.944.81$9,368
Mar 201402,05895.895.06$10,407
Feb 201421,77197.406.19$11,161
Jan 201441,90990.404.86$9,641
Dec 201321,73091.824.35$7,717
Nov 201331,71688.853.74$6,681
Oct 201362,06997.423.78$8,404
Sep 201301,449104.113.72$5,387
Aug 201383800104.253.52$11,471
Jul 201391,818102.523.72$7,682
Jun 201341,79894.403.93$7,450
May 201301,43694.834.15$5,958
Apr 201371,54693.964.28$7,279
Mar 201331,66793.623.91$6,804
Feb 201341,65491.233.42$6,021
Jan 201341,76091.603.42$6,385
Dec 201201,92286.773.42$6,574
Nov 2012781,64086.953.62$12,727
Oct 201261,51689.383.40$5,690
Sep 201211,35394.672.92$4,043
Aug 201221,22092.662.91$3,733
Jul 201221,14085.133.02$3,614
Jun 201241,20479.822.52$3,352
May 201221,26791.612.49$3,336
Apr 201241,252101.652.00$2,907
Mar 201241,362105.052.22$3,447
Feb 2012511,291101.102.57$8,474
Jan 201201,66698.092.73$4,555
Dec 201101,71896.873.24$5,566
Nov 201101,74095.723.31$5,762
Oct 201101,78284.983.65$6,502
Sep 201101,75283.623.99$6,983
Aug 201101,68683.404.15$6,996
Jul 201101,45194.144.52$6,555
Jun 201101,42192.904.64$6,593
May 201101,76198.134.40$7,757
Apr 201101,734105.964.33$7,514
Mar 201101,81496.364.06$7,360
Feb 2011871,67985.644.18$14,469
Jan 201101,94286.504.59$8,911
Dec 201002,15685.734.35$9,374
Nov 201001,69780.843.80$6,441
Oct 201001,56378.103.51$5,484
Sep 201001,58672.633.98$6,311
Aug 201001,00473.684.42$4,437
Jul 201001,57572.554.74$7,460
Jun 201001,16070.364.91$5,696
May 201001,76371.124.24$7,467
Apr 2010582,43781.694.12$14,785
Mar 201001,75378.394.39$7,693
Feb 201001,25873.585.44$6,846
Jan 201001,09874.365.96$6,549
Dec 200901,72071.445.48$9,432
Nov 200901,46374.593.75$5,488
Oct 200901,82072.544.11$7,481
Sep 200901,67765.543.06$5,140
Aug 200901,30867.423.22$4,210
Jul 200902,13461.133.46$7,393
Jun 200901,74066.163.90$6,777
May 2009802,05254.743.93$12,435
Apr 200901,87046.773.59$6,709
Mar 200901,97642.144.06$8,021
Feb 200901,97032.814.63$9,127
Jan 200902,30135.865.37$12,359
Dec 200802,32437.105.98$13,891
Nov 200802,42955.496.86$16,664
Oct 200802,42775.246.92$16,800
Sep 200802,256101.767.88$17,771
Aug 200802,068114.228.48$17,543
Jul 2008752,129131.0811.39$34,079
Jun 200802,019131.3313.03$26,313
May 200801,402123.1711.57$16,227
Apr 200801,194110.3110.45$12,483
Mar 200802,775101.909.66$26,818
Feb 200802,15392.538.77$18,883
Jan 200801,46090.388.21$11,980
Dec 2007672,20788.337.30$22,034
Nov 200701,16991.677.29$8,524
Oct 2007078182.856.92$5,406
Sep 200701,58375.846.24$9,885
Aug 200702,06769.066.39$13,204
Jul 200707,44070.906.39$47,526
Jun 200701,53962.007.55$11,617
May 200701,92758.747.85$15,120
Apr 2007562,11859.617.81$19,870
Mar 200701,88056.927.30$13,728
Feb 200701,35055.108.22$11,092
Jan 200701,92050.306.73$12,916
Dec 200601,78256.656.92$12,329
Nov 20061761,94854.207.62$24,378
Oct 200601,34154.906.01$8,065
Sep 200671,77760.085.04$9,372
Aug 200601,73168.717.34$12,705
Jul 200601,15169.376.34$7,301
Jun 2006891,99666.286.38$18,641
May 200601,92666.016.42$12,375
Apr 200602,00164.397.36$14,728
Mar 200602,01256.707.08$14,251
Feb 200601,99557.597.75$15,463
Jan 2006792,45560.598.93$26,718
Dec 200502,05354.9413.42$27,542
Nov 200502,31254.6910.59$24,480
Oct 200503,13258.3413.80$43,208
Sep 200502,89561.4512.08$34,969
Aug 200502,84661.519.80$27,882
Jul 20051063,13455.697.84$30,485
Jun 200503,17952.337.38$23,464
May 200503,21145.226.65$21,357
Apr 200503,04449.207.36$22,405
Mar 200503,16450.377.15$22,638
Feb 200503,11045.226.31$19,630
Jan 200503,63443.166.32$22,975
Dec 20041393,61839.866.75$29,966
Nov 200403,28345.286.33$20,783
Oct 200403,29049.706.52$21,435
Sep 2004102,92643.245.28$15,893
Aug 200403,38742.375.55$18,800
Jul 200402,96238.286.08$18,021
Jun 200403,45636.106.43$22,233
May 200404,25337.486.49$27,621
Apr 200403,69934.475.86$21,670
Mar 20041413,90734.365.53$26,451
Feb 200404,07232.455.51$22,435
Jan 200403,22832.036.30$20,335
Dec 200303,26830.266.30$20,594
Nov 20031013,64328.804.60$19,649
Oct 200303,98628.174.76$18,972
Sep 200393,73126.314.75$17,957
Aug 200303,69629.765.13$18,959
Jul 200303,84429.415.17$19,877
Jun 200304,50028.565.98$26,923
May 2003944,58126.595.97$29,860
Apr 200303,36126.675.41$18,174
Mar 200304,30131.146.10$26,219
Feb 200303,11633.487.93$24,697
Jan 200303,17430.315.58$17,717
Dec 20021353,89626.914.85$22,543
Nov 200204,43324.664.14$18,339
Oct 200203,70526.464.23$15,669
Sep 200204,44527.443.64$16,158
Aug 20021025,36425.963.16$19,620
Jul 200203,87324.583.06$11,858
Jun 200204,24723.733.34$14,178
May 200204,64824.663.58$16,658
Apr 200204,25023.653.51$14,927
Mar 2002924,70822.003.10$16,632
Feb 200204,45318.222.38$10,579
Jan 200204,53917.172.38$10,783
Dec 200154,74916.932.36$11,313
Nov 2001844,44918.072.41$12,220
Oct 200104,62819.782.53$11,704
Sep 200104,34624.262.25$9,784
Aug 200104,93724.873.05$15,073
Jul 200105,11323.933.20$16,347
Jun 2001905,09424.563.82$21,691
May 200105,45225.524.31$23,484
Apr 200104,86824.685.34$25,972
Mar 2001925,62624.545.38$32,506
Feb 200105,09427.755.77$29,378
Jan 200105,59727.478.40$47,008
Dec 200005,70426.889.12$52,035
Nov 20001065,98732.215.66$37,289
Oct 200006,40231.235.15$32,941
Sep 200006,46931.875.19$33,551
Aug 20001776,88829.644.54$36,523
Jul 200006,95428.534.09$28,440
Jun 200006,83729.304.40$30,064
May 20001936,99327.263.68$30,994
Apr 200006,81224.513.12$21,226
Mar 200007,21428.422.86$20,630
Feb 20001946,68927.622.73$23,596
Jan 200087,26325.272.48$18,218
Dec 199966,80624.282.42$16,642
Nov 19991936,13323.192.43$19,403
Oct 199907,23220.982.80$20,276
Sep 199906,78321.752.62$17,764
Aug 199907,62919.262.88$21,938
Jul 19991796,61217.892.37$18,888
Jun 199976,78715.942.36$16,143
May 199907,85015.792.32$18,220
Apr 1999457,40615.102.21$17,032
Mar 199978,09612.471.84$14,970
Feb 199907,9999.981.82$14,541
Jan 199909,28310.381.90$17,637
Dec 1998176,8279.201.77$12,263
Nov 199805,88910.892.19$12,872
Oct 199805,59012.421.97$11,008
Sep 1998374,96612.592.08$10,808
Aug 199805,71611.301.91$10,902
Jul 199802,34611.742.24$5,249
Jun 1998394,46211.242.24$10,421
May 199842,95512.622.21$6,570
Apr 1998326,21013.042.51$15,975
Mar 199804,04712.802.31$9,346
Feb 1998894,06213.952.30$10,581
Jan 199837,67414.702.15$16,580
Dec 1997824,46016.322.41$12,092
Nov 199756,16618.193.09$19,133
Oct 199707,66819.253.15$24,153
Sep 199707,00617.742.95$20,702
Aug 1997847,65617.862.55$21,059
Jul 199708,06117.582.25$18,113
Jun 199731,34117.242.26$3,079
May 199746,35218.972.31$14,739
Apr 1997126,41817.882.08$13,582
Mar 199735,82718.951.94$11,356
Feb 199705,34220.492.21$11,784
Jan 19971006,30223.483.54$24,655
Dec 1996117,88323.32$257
Nov 199647,60121.97$88
Oct 1996406,95623.31$932
Sep 1996787,86722.22$1,733
Aug 199676,89320.26$142
Jul 1996775,93719.55$1,505
Jun 199647,58618.73$75
May 199608,84919.43$0
Apr 1996799,07421.51$1,699
Mar 19961619,43819.38$3,120
Feb 1996298,07216.98$492
Jan 1996238,49917.07$393
Dec 19959010,62017.19$1,547
Nov 199513810,55816.00$2,208
Oct 19951510,62515.43$231
Sep 19955912,02916.18$955
Aug 19959212,40115.92$1,465
Jul 199511012,90215.24$1,676
Jun 199511413,58416.41$1,871
May 199511314,56617.56$1,984
Apr 199511515,84217.73$2,039
Mar 19958518,51916.44$1,397
Feb 19956118,14916.58$1,011
Jan 19953522,72915.92$557
Dec 19944927,66715.03$736
Nov 19941830,29115.90$286
Oct 199423840,88815.58$3,708
Sep 199429040,89315.29$4,434
Aug 199422,85616.13$32
Jul 19940017.56$0
Jun 1994023517.09$0
May 199423,86715.88$32
Apr 1994674,74614.14$947
Mar 199424,89312.46$25
Feb 199494,48012.50$113
Jan 199435,43512.66$38
Dec 199325,59812.33$25
Nov 199355,40014.49$72
Oct 1993866,46715.85$1,363
Sep 1993127,04815.03$180
Aug 1993116,56815.66$172
Jul 1993726,80215.46$1,113
Jun 199325,05516.79$34
May 199326,12817.68$35
Apr 1993675,63118.05$1,209
Mar 199306,33718.14$0
Feb 199306,04717.90$0
Jan 199305,97416.93$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.

Oct 2019 — as filed, then multipliedworked
Condensate             0 bbl  × $ 53.47 =         $0
Gas                    7 Mcf  × $  2.42 =        $17

────────────────────────────────────────────────────
Month total                                      $17

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/140626 is the state's own key, not one this site invented.