WALDRON, M.L. GU #1

Name: WALDRON, M.L. GU #1 lease production and value, Dec 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 148256District 06Field 664612752 tax incentive programmesCondensateGasSave Export

Value, all time

$2.9 M

Dec 1993 – Feb 2020

Value, last 12 filed months

at the published price for each month

Months reported

315

no gaps in the span

Streams

condensate, gas

The OAK HILL (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 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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1994-03-23	129615
NGPA	1	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
Condensate	Disposition	6,223 bbl	$242,087
Gas	Production	932,454 Mcf	$2,654,772
Total			$2,896,859

370,234 Mcf of this lease's gas, across 36 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 32.4070, -94.5183. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.40700, -94.51832 · 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

100.0%

1 of 1 wells

Median depth

10,400 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

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 10,400 ft.

Plug dates filed

Feb 2020

1 of 1 wells

1 well


42-20332221	2	10,400 ft	—	Feb 2020	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 (315)

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

315 months


Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	13	0	63.84	2.90	$830
Mar 2018	2	232	61.22	2.79	$769
Feb 2018	44	496	61.78	2.77	$4,090
Jan 2018	1	766	62.87	4.01	$3,134
Dec 2017	0	626	57.27	2.92	$1,829
Nov 2017	1	844	55.42	3.12	$2,687
Oct 2017	2	982	49.29	2.98	$3,029
Sep 2017	0	1,017	47.52	3.09	$3,140
Aug 2017	5	1,182	45.37	3.00	$3,778
Jul 2017	0	961	43.87	3.09	$2,967
Jun 2017	1	788	42.49	3.09	$2,475
May 2017	25	666	45.37	3.26	$3,308
Apr 2017	4	444	47.93	3.21	$1,618
Mar 2017	1	268	46.77	2.98	$846
Feb 2017	1	303	50.45	2.95	$945
Jan 2017	45	432	49.41	3.42	$3,700
Dec 2016	1	538	48.76	3.72	$2,052
Nov 2016	1	480	42.49	2.64	$1,312
Oct 2016	28	1,716	46.19	3.09	$6,596
Sep 2016	4	1,761	41.55	3.10	$5,626
Aug 2016	3	1,532	41.44	2.92	$4,604
Jul 2016	42	704	41.62	2.92	$3,807
Jun 2016	64	684	45.35	2.69	$4,740
May 2016	2	1,041	42.52	1.99	$2,158
Apr 2016	4	856	36.56	1.99	$1,851
Mar 2016	1	667	33.01	1.79	$1,230
Feb 2016	3	1,358	26.47	2.06	$2,882
Jan 2016	2	1,395	27.35	2.36	$3,353
Dec 2015	3	819	32.36	2.00	$1,736
Nov 2015	16	585	38.79	2.17	$1,889
Oct 2015	1	614	43.55	2.43	$1,533
Sep 2015	71	715	42.99	2.76	$5,025
Aug 2015	36	681	40.16	2.87	$3,402
Jul 2015	32	611	48.15	2.95	$3,340
Jun 2015	3	554	56.15	2.88	$1,766
May 2015	1	1,220	55.21	2.96	$3,661
Apr 2015	3	537	49.82	2.71	$1,603
Mar 2015	2	734	42.89	2.93	$2,240
Feb 2015	2	512	44.66	2.98	$1,613
Jan 2015	2	727	43.43	3.10	$2,341
Dec 2014	7	956	54.69	3.59	$3,816
Nov 2014	4	1,141	70.46	4.25	$5,133
Oct 2014	16	679	78.30	3.90	$3,902
Sep 2014	4	1,800	86.16	4.05	$7,626
Aug 2014	3	1,318	89.39	4.04	$5,586
Jul 2014	3	1,586	96.56	4.18	$6,919
Jun 2014	2	1,344	98.16	4.74	$6,563
May 2014	3	857	94.73	4.73	$4,335
Apr 2014	1	827	95.94	4.81	$4,073
Mar 2014	2	822	95.89	5.06	$4,348
Feb 2014	2	798	97.40	6.19	$5,136
Jan 2014	6	825	90.40	4.86	$4,552
Dec 2013	5	1,354	91.82	4.35	$6,355
Nov 2013	13	904	88.85	3.74	$4,534
Oct 2013	6	621	97.42	3.78	$2,932
Sep 2013	1	537	104.11	3.72	$2,101
Aug 2013	15	623	104.25	3.52	$3,758
Jul 2013	5	381	102.52	3.72	$1,929
Jun 2013	40	291	94.40	3.93	$4,921
May 2013	0	352	94.83	4.15	$1,460
Apr 2013	81	275	93.96	4.28	$8,788
Mar 2013	5	888	93.62	3.91	$3,943
Feb 2013	12	590	91.23	3.42	$3,113
Jan 2013	5	1,011	91.60	3.42	$3,916
Dec 2012	10	1,687	86.77	3.42	$6,638
Nov 2012	14	1,769	86.95	3.62	$7,630
Oct 2012	17	1,749	89.38	3.40	$7,466
Sep 2012	8	1,426	94.67	2.92	$4,919
Aug 2012	16	1,645	92.66	2.91	$6,266
Jul 2012	13	1,712	85.13	3.02	$6,278
Jun 2012	22	1,832	79.82	2.52	$6,371
May 2012	17	2,066	91.61	2.49	$6,698
Apr 2012	15	2,140	101.65	2.00	$5,798
Mar 2012	27	1,763	105.05	2.22	$6,754
Feb 2012	31	1,707	101.10	2.57	$7,522
Jan 2012	0	1,924	98.09	2.73	$5,260
Dec 2011	0	1,780	96.87	3.24	$5,767
Nov 2011	28	1,957	95.72	3.31	$9,160
Oct 2011	51	1,932	84.98	3.65	$11,383
Sep 2011	26	2,077	83.62	3.99	$10,453
Aug 2011	23	2,314	83.40	4.15	$11,520
Jul 2011	28	1,963	94.14	4.52	$11,503
Jun 2011	27	2,104	92.90	4.64	$12,271
May 2011	29	2,409	98.13	4.40	$13,457
Apr 2011	26	2,422	105.96	4.33	$13,250
Mar 2011	52	3,034	96.36	4.06	$17,321
Feb 2011	30	2,437	85.64	4.18	$12,756
Jan 2011	27	2,121	86.50	4.59	$12,068
Dec 2010	29	2,099	85.73	4.35	$11,612
Nov 2010	25	1,795	80.84	3.80	$8,834
Oct 2010	27	2,287	78.10	3.51	$10,134
Sep 2010	27	2,252	72.63	3.98	$10,923
Aug 2010	28	2,436	73.68	4.42	$12,829
Jul 2010	23	2,271	72.55	4.74	$12,425
Jun 2010	25	1,583	70.36	4.91	$9,532
May 2010	52	1,134	71.12	4.24	$8,501
Apr 2010	0	1,619	81.69	4.12	$6,675
Mar 2010	27	876	78.39	4.39	$5,961
Feb 2010	31	1,147	73.58	5.44	$8,523
Jan 2010	32	1,987	74.36	5.96	$14,230
Dec 2009	23	985	71.44	5.48	$7,045
Nov 2009	0	724	74.59	3.75	$2,716
Oct 2009	19	1,057	72.54	4.11	$5,723
Sep 2009	0	1,429	65.54	3.06	$4,380
Aug 2009	17	1,088	67.42	3.22	$4,648
Jul 2009	0	1,398	61.13	3.46	$4,843
Jun 2009	22	1,002	66.16	3.90	$5,358
May 2009	20	1,531	54.74	3.93	$7,105
Apr 2009	26	1,540	46.77	3.59	$6,741
Mar 2009	23	1,156	42.14	4.06	$5,661
Feb 2009	24	1,271	32.81	4.63	$6,676
Jan 2009	23	1,060	35.86	5.37	$6,518
Dec 2008	21	1,079	37.10	5.98	$7,228
Nov 2008	41	1,069	55.49	6.86	$9,609
Oct 2008	44	1,344	75.24	6.92	$12,614
Sep 2008	51	1,357	101.76	7.88	$15,879
Aug 2008	43	834	114.22	8.48	$11,986
Jul 2008	0	1,488	131.08	11.39	$16,947
Jun 2008	39	1,238	131.33	13.03	$21,256
May 2008	0	3,383	123.17	11.57	$39,156
Apr 2008	44	1,643	110.31	10.45	$22,031
Mar 2008	20	1,680	101.90	9.66	$18,274
Feb 2008	23	3,335	92.53	8.77	$31,378
Jan 2008	0	3,386	90.38	8.21	$27,785
Dec 2007	0	3,716	88.33	7.30	$27,134
Nov 2007	0	3,316	91.67	7.29	$24,179
Oct 2007	13	3,287	82.85	6.92	$23,830
Sep 2007	0	3,812	75.84	6.24	$23,803
Aug 2007	0	5,309	69.06	6.39	$33,914
Jul 2007	0	5,619	70.90	6.39	$35,894
Jun 2007	10	4,374	62.00	7.55	$33,637
May 2007	0	3,887	58.74	7.85	$30,498
Apr 2007	0	3,822	59.61	7.81	$29,831
Mar 2007	9	3,288	56.92	7.30	$24,521
Feb 2007	0	3,909	55.10	8.22	$32,116
Jan 2007	10	2,956	50.30	6.73	$20,388
Dec 2006	0	4,222	56.65	6.92	$29,210
Nov 2006	0	2,396	54.20	7.62	$18,251
Oct 2006	0	4,326	54.90	6.01	$26,016
Sep 2006	9	3,187	60.08	5.04	$16,594
Aug 2006	0	2,211	68.71	7.34	$16,229
Jul 2006	10	2,649	69.37	6.34	$17,496
Jun 2006	0	2,439	66.28	6.38	$15,570
May 2006	0	4,384	66.01	6.42	$28,167
Apr 2006	10	4,158	64.39	7.36	$31,249
Mar 2006	0	3,649	56.70	7.08	$25,846
Feb 2006	11	2,684	57.59	7.75	$21,438
Jan 2006	0	3,491	60.59	8.93	$31,186
Dec 2005	11	2,979	54.94	13.42	$40,569
Nov 2005	0	3,197	54.69	10.59	$33,851
Oct 2005	0	3,296	58.34	13.80	$45,471
Sep 2005	10	3,306	61.45	12.08	$40,548
Aug 2005	0	3,236	61.51	9.80	$31,703
Jul 2005	10	4,109	55.69	7.84	$32,786
Jun 2005	10	4,404	52.33	7.38	$33,029
May 2005	6	4,657	45.22	6.65	$31,246
Apr 2005	10	2,805	49.20	7.36	$21,138
Mar 2005	10	2,340	50.37	7.15	$17,246
Feb 2005	0	3,090	45.22	6.31	$19,504
Jan 2005	22	2,890	43.16	6.32	$19,221
Dec 2004	0	3,817	39.86	6.75	$25,769
Nov 2004	20	1,927	45.28	6.33	$13,104
Oct 2004	9	962	49.70	6.52	$6,715
Sep 2004	0	649	43.24	5.28	$3,429
Aug 2004	10	2,562	42.37	5.55	$14,644
Jul 2004	0	1,494	38.28	6.08	$9,090
Jun 2004	9	1,733	36.10	6.43	$11,473
May 2004	10	2,013	37.48	6.49	$13,448
Apr 2004	0	2,479	34.47	5.86	$14,523
Mar 2004	10	3,953	34.36	5.53	$22,204
Feb 2004	0	2,391	32.45	5.51	$13,174
Jan 2004	10	2,384	32.03	6.30	$15,339
Dec 2003	0	2,785	30.26	6.30	$17,550
Nov 2003	11	1,362	28.80	4.60	$6,575
Oct 2003	8	2,125	28.17	4.76	$10,340
Sep 2003	10	4,178	26.31	4.75	$20,106
Aug 2003	10	3,048	29.76	5.13	$15,933
Jul 2003	0	1,739	29.41	5.17	$8,992
Jun 2003	10	1,153	28.56	5.98	$7,184
May 2003	11	1,175	26.59	5.97	$7,310
Apr 2003	10	2,546	26.67	5.41	$14,034
Mar 2003	10	3,111	31.14	6.10	$19,276
Feb 2003	11	952	33.48	7.93	$7,914
Jan 2003	10	1,187	30.31	5.58	$6,929
Dec 2002	10	972	26.91	4.85	$4,987
Nov 2002	9	909	24.66	4.14	$3,982
Oct 2002	9	1,584	26.46	4.23	$6,937
Sep 2002	9	1,781	27.44	3.64	$6,721
Aug 2002	9	2,239	25.96	3.16	$7,318
Jul 2002	3	2,516	24.58	3.06	$7,777
Jun 2002	19	2,594	23.73	3.34	$9,110
May 2002	10	2,669	24.66	3.58	$9,812
Apr 2002	10	2,781	23.65	3.51	$10,004
Mar 2002	20	3,254	22.00	3.10	$10,536
Feb 2002	10	2,722	18.22	2.38	$6,649
Jan 2002	22	3,089	17.17	2.38	$7,716
Dec 2001	11	3,253	16.93	2.36	$7,878
Nov 2001	33	2,477	18.07	2.41	$6,555
Oct 2001	48	2,384	19.78	2.53	$6,978
Sep 2001	0	3,390	24.26	2.25	$7,632
Aug 2001	15	2,997	24.87	3.05	$9,523
Jul 2001	15	3,147	23.93	3.20	$10,420
Jun 2001	14	3,341	24.56	3.82	$13,120
May 2001	16	2,625	25.52	4.31	$11,715
Apr 2001	17	1,880	24.68	5.34	$10,450
Mar 2001	16	1,526	24.54	5.38	$8,597
Feb 2001	15	2,005	27.75	5.77	$11,979
Jan 2001	15	2,791	27.47	8.40	$23,853
Dec 2000	14	2,896	26.88	9.12	$26,795
Nov 2000	15	2,789	32.21	5.66	$16,263
Oct 2000	15	3,255	31.23	5.15	$17,217
Sep 2000	15	3,082	31.87	5.19	$16,463
Aug 2000	2	3,155	29.64	4.54	$14,385
Jul 2000	0	3,047	28.53	4.09	$12,461
Jun 2000	0	3,103	29.30	4.40	$13,645
May 2000	0	3,034	27.26	3.68	$11,164
Apr 2000	0	3,487	24.51	3.12	$10,865
Mar 2000	0	4,028	28.42	2.86	$11,519
Feb 2000	0	3,381	27.62	2.73	$9,218
Jan 2000	0	3,529	25.27	2.48	$8,754
Dec 1999	0	3,652	24.28	2.42	$8,851
Nov 1999	0	3,745	23.19	2.43	$9,115
Oct 1999	0	3,979	20.98	2.80	$11,156
Sep 1999	0	3,541	21.75	2.62	$9,273
Aug 1999	0	4,300	19.26	2.88	$12,365
Jul 1999	0	4,187	17.89	2.37	$9,933
Jun 1999	0	3,977	15.94	2.36	$9,394
May 1999	0	3,726	15.79	2.32	$8,648
Apr 1999	0	3,646	15.10	2.21	$8,051
Mar 1999	0	3,540	12.47	1.84	$6,508
Feb 1999	0	3,691	9.98	1.82	$6,709
Jan 1999	0	4,103	10.38	1.90	$7,795
Dec 1998	0	3,573	9.20	1.77	$6,336
Nov 1998	2	3,600	10.89	2.19	$7,890
Oct 1998	2	1,381	12.42	1.97	$2,744
Sep 1998	1	1,910	12.59	2.08	$3,990
Aug 1998	2	3,026	11.30	1.91	$5,794
Jul 1998	9	3,591	11.74	2.24	$8,140
Jun 1998	17	2,790	11.24	2.24	$6,433
May 1998	11	2,487	12.62	2.21	$5,626
Apr 1998	43	3,191	13.04	2.51	$8,555
Mar 1998	46	3,564	12.80	2.31	$8,820
Feb 1998	18	3,047	13.95	2.30	$7,257
Jan 1998	2	3,799	14.70	2.15	$8,215
Dec 1997	7	4,641	16.32	2.41	$11,304
Nov 1997	13	3,469	18.19	3.09	$10,950
Oct 1997	36	2,877	19.25	3.15	$9,755
Sep 1997	2	2,537	17.74	2.95	$7,532
Aug 1997	11	3,744	17.86	2.55	$9,761
Jul 1997	12	4,953	17.58	2.25	$11,340
Jun 1997	18	2,072	17.24	2.26	$4,987
May 1997	34	5,349	18.97	2.31	$12,993
Apr 1997	40	4,679	17.88	2.08	$10,461
Mar 1997	0	4,503	18.95	1.94	$8,732
Feb 1997	0	2,016	20.49	2.21	$4,447
Jan 1997	0	5,136	23.48	3.54	$18,180
Dec 1996	42	5,139	23.32	—	$979
Nov 1996	21	4,760	21.97	—	$461
Oct 1996	39	4,263	23.31	—	$909
Sep 1996	20	5,064	22.22	—	$444
Aug 1996	60	5,927	20.26	—	$1,216
Jul 1996	37	6,337	19.55	—	$723
Jun 1996	95	4,533	18.73	—	$1,779
May 1996	57	6,463	19.43	—	$1,108
Apr 1996	59	7,873	21.51	—	$1,269
Mar 1996	130	10,558	19.38	—	$2,519
Feb 1996	61	8,662	16.98	—	$1,036
Jan 1996	112	10,312	17.07	—	$1,912
Dec 1995	117	9,757	17.19	—	$2,011
Nov 1995	119	10,108	16.00	—	$1,904
Oct 1995	110	11,658	15.43	—	$1,697
Sep 1995	93	9,667	16.18	—	$1,505
Aug 1995	129	10,676	15.92	—	$2,054
Jul 1995	158	11,476	15.24	—	$2,408
Jun 1995	372	15,648	16.41	—	$6,105
May 1995	398	20,469	17.56	—	$6,989
Apr 1995	465	20,346	17.73	—	$8,244
Mar 1995	2	14,956	16.44	—	$33
Feb 1995	0	8,508	16.58	—	$0
Jan 1995	0	16,052	15.92	—	$0
Dec 1994	0	11,296	15.03	—	$0
Nov 1994	0	3,662	15.90	—	$0
Oct 1994	23	6,006	15.58	—	$358
Sep 1994	0	6,989	15.29	—	$0
Aug 1994	0	7,361	16.13	—	$0
Jul 1994	0	8,520	17.56	—	$0
Jun 1994	59	11,222	17.09	—	$1,008
May 1994	0	11,458	15.88	—	$0
Apr 1994	61	12,777	14.14	—	$863
Mar 1994	0	14,050	12.46	—	$0
Feb 1994	77	17,375	12.50	—	$963
Jan 1994	116	20,306	12.66	—	$1,469
Dec 1993	0	0	12.33	—	$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.

Apr 2018 — as filed, then multipliedworked

Condensate            13 bbl  × $ 63.84 =       $830
Gas                    0 Mcf  × $  2.90 =         $0

────────────────────────────────────────────────────
Month total                                     $830

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/148256 is the state's own key, not one this site invented.