FIRST NATIONAL BALDWIN UNIT

Operated by EQV OPERATING LLC (P-5 101634) 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 148258District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.0 M
Jan 1994 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
389
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 Gas111994-10-27130406
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
CondensateDisposition23,406 bbl$697,675
GasProduction1,206,274 Mcf$3,341,197
Total$4,038,871

415,544 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 32.0585, -94.2742. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.05851, -94.27419 · 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
9,350 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 9,350 ft.

Completions filed
Mar 1994
1 of 1 wells

1 well

42-365328871-L9,350 ftMar 1994

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 (389)

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

389 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 202003614.751.80$65
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 201903652.782.49$90
May 2019083358.482.74$2,283
Apr 2019066662.632.75$1,832
Mar 2019092856.803.06$2,842
Feb 2019092450.852.79$2,580
Jan 201901,14046.033.23$3,680
Dec 20181501,34646.594.19$12,622
Nov 2018086252.934.24$3,653
Oct 201801,14961.443.40$3,904
Sep 201801,18759.543.11$3,689
Aug 201801,37359.403.07$4,210
Jul 201801,50065.142.93$4,398
Jun 201801,16760.183.08$3,591
May 201801,35265.382.90$3,922
Apr 201801,42963.842.90$4,145
Mar 201801,43661.222.79$4,002
Feb 20181311,40361.782.77$11,974
Jan 2018095462.874.01$3,825
Dec 201701,02157.272.92$2,983
Nov 201701,06755.423.12$3,327
Oct 201701,32949.292.98$3,965
Sep 201701,31747.523.09$4,066
Aug 201701,24845.373.00$3,749
Jul 201701,30343.873.09$4,023
Jun 201701,31842.493.09$4,069
May 2017096145.373.26$3,136
Apr 201701,14947.933.21$3,690
Mar 20171411,23246.772.98$10,270
Feb 201701,35050.452.95$3,986
Jan 201701,42949.413.42$4,885
Dec 201601,21948.763.72$4,538
Nov 201601,15442.492.64$3,052
Oct 201601,36446.193.09$4,215
Sep 201601,31241.553.10$4,068
Aug 201651,68341.442.92$5,129
Jul 201601,65141.622.92$4,828
Jun 201601,34245.352.69$3,604
May 201601,51442.521.99$3,014
Apr 20161681,33936.561.99$8,808
Mar 201601,37133.011.79$2,460
Feb 201601,35526.472.06$2,796
Jan 201611,32027.352.36$3,148
Dec 201511,31532.362.00$2,664
Nov 201501,25038.792.17$2,709
Oct 201511,40543.552.43$3,453
Sep 201501,50242.992.76$4,143
Aug 201511,71140.162.87$4,955
Jul 201501,79748.152.95$5,292
Jun 201501,84556.152.88$5,319
May 201502,07655.212.96$6,136
Apr 201502,00149.822.71$5,416
Mar 201502,30942.892.93$6,776
Feb 201502,15044.662.98$6,399
Jan 201501,76643.433.10$5,476
Dec 201401,13454.693.59$4,073
Nov 201401,02270.464.25$4,345
Oct 201401,15078.303.90$4,486
Sep 201401,53986.164.05$6,226
Aug 201401,94389.394.04$7,840
Jul 201402,18896.564.18$9,145
Jun 201401,88798.164.74$8,938
May 2014782,21594.734.73$17,858
Apr 201402,25495.944.81$10,840
Mar 201402,42995.895.06$12,283
Feb 201402,20897.406.19$13,672
Jan 201402,38990.404.86$11,612
Dec 201302,22791.824.35$9,697
Nov 201301,57388.853.74$5,880
Oct 201301,65197.423.78$6,240
Sep 201301,396104.113.72$5,190
Aug 201302,034104.253.52$7,165
Jul 20131492,492102.523.72$24,540
Jun 201302,75494.403.93$10,833
May 201302,69694.834.15$11,186
Apr 201301,86293.964.28$7,974
Mar 201302,26593.623.91$8,863
Feb 201302,10591.233.42$7,199
Jan 201303,08591.603.42$10,550
Dec 201202,55886.773.42$8,749
Nov 20121803,21486.953.62$27,302
Oct 201202,20689.383.40$7,500
Sep 201201,53394.672.92$4,474
Aug 201202,39592.662.91$6,965
Jul 201202,57685.133.02$7,782
Jun 201202,86379.822.52$7,212
May 201202,41691.612.49$6,012
Apr 201201,562101.652.00$3,119
Mar 201201,785105.052.22$3,966
Feb 20121552,109101.102.57$21,091
Jan 201201,89498.092.73$5,178
Dec 201102,05096.873.24$6,641
Nov 20111702,36295.723.31$24,094
Oct 201101,22384.983.65$4,462
Sep 201101,70983.623.99$6,812
Aug 201101,54583.404.15$6,411
Jul 201101,75294.144.52$7,914
Jun 2011057492.904.64$2,663
May 20111631,06298.134.40$20,673
Apr 201101,616105.964.33$7,003
Mar 201102,61596.364.06$10,610
Feb 20111641,47185.644.18$20,194
Jan 201102,64386.504.59$12,128
Dec 201002,29185.734.35$9,961
Nov 201002,29780.843.80$8,718
Oct 201002,70178.103.51$9,478
Sep 201002,84772.633.98$11,330
Aug 201002,99473.684.42$13,232
Jul 20101652,39772.554.74$23,324
Jun 201001,70470.364.91$8,367
May 201002,21771.124.24$9,389
Apr 201002,65781.694.12$10,954
Mar 201002,76678.394.39$12,139
Feb 20101662,78873.585.44$27,388
Jan 201002,50374.365.96$14,928
Dec 200902,65671.445.48$14,565
Nov 200902,85274.593.75$10,699
Oct 20091592,83572.544.11$23,186
Sep 200902,32065.543.06$7,110
Aug 200902,83367.423.22$9,118
Jul 20091722,85761.133.46$20,412
Jun 200902,26066.163.90$8,803
May 200902,50054.743.93$9,814
Apr 200902,77546.773.59$9,955
Mar 20091663,36142.144.06$20,638
Feb 200901,76432.814.63$8,173
Jan 200902,94835.865.37$15,834
Dec 20081602,94537.105.98$23,539
Nov 200803,58855.496.86$24,615
Oct 2008097175.246.92$6,721
Sep 200802,408101.767.88$18,968
Aug 20081542,741114.228.48$40,842
Jul 200802,370131.0811.39$26,993
Jun 200802,057131.3313.03$26,808
May 200802,996123.1711.57$34,677
Apr 20081722,673110.3110.45$46,919
Mar 200802,770101.909.66$26,769
Feb 200802,79892.538.77$24,540
Jan 200802,89390.388.21$23,739
Dec 20071423,63688.337.30$39,093
Nov 200702,84091.677.29$20,708
Oct 20071493,58082.856.92$37,125
Sep 200702,68775.846.24$16,778
Aug 200702,98769.066.39$19,081
Jul 20071382,94870.906.39$28,616
Jun 200703,10362.007.55$23,423
May 20071404,16958.747.85$40,935
Apr 200702,32459.617.81$18,139
Mar 200702,33856.927.30$17,072
Feb 20071332,52955.108.22$28,107
Jan 200702,69150.306.73$18,102
Dec 20061443,36056.656.92$31,404
Nov 200603,59154.207.62$27,354
Oct 20061634,39154.906.01$35,355
Sep 200602,78960.085.04$14,049
Aug 200601,94868.717.34$14,298
Jul 200601,79469.376.34$11,379
Jun 2006821,69366.286.38$16,243
May 200602,31466.016.42$14,867
Apr 20061502,15464.397.36$25,513
Mar 200602,57556.707.08$18,239
Feb 20061582,62857.597.75$29,469
Jan 200602,24960.598.93$20,091
Dec 200502,69754.9413.42$36,181
Nov 20051572,74254.6910.59$37,620
Oct 200503,01358.3413.80$41,567
Sep 200502,45261.4512.08$29,618
Aug 20051672,55961.519.80$35,342
Jul 200502,50655.697.84$19,656
Jun 200502,91152.337.38$21,486
May 20051792,50445.226.65$24,749
Apr 200502,84449.207.36$20,933
Mar 200502,66350.377.15$19,053
Feb 200502,29945.226.31$14,511
Jan 20051752,71143.166.32$24,692
Dec 200402,75839.866.75$18,619
Nov 20041602,92145.286.33$25,736
Oct 200402,26949.706.52$14,783
Sep 200402,58843.245.28$13,675
Aug 200402,77342.375.55$15,392
Jul 20041503,08838.286.08$24,530
Jun 200402,68736.106.43$17,286
May 20041643,07537.486.49$26,118
Apr 200443,09434.475.86$18,264
Mar 200403,64434.365.53$20,152
Feb 20041623,39632.455.51$23,968
Jan 200403,01232.036.30$18,975
Dec 20031732,93330.266.30$23,718
Nov 200303,52428.804.60$16,193
Oct 200303,07328.174.76$14,626
Sep 20031693,09226.314.75$19,131
Aug 200303,33829.765.13$17,123
Jul 200303,00429.415.17$15,533
Jun 20031713,27628.565.98$24,484
May 200303,26026.595.97$19,471
Apr 20031673,56726.675.41$23,742
Mar 200303,48931.146.10$21,269
Feb 200303,43233.487.93$27,202
Jan 20031663,56130.315.58$24,909
Dec 20020026.914.85$0
Nov 20021533,55724.664.14$18,488
Oct 200203,70026.464.23$15,648
Sep 20021363,69627.443.64$17,168
Aug 200204,09925.963.16$12,970
Jul 20021534,04724.583.06$16,152
Jun 200204,17323.733.34$13,930
May 200204,33324.663.58$15,529
Apr 20021683,19623.653.51$15,199
Mar 200204,07022.003.10$12,628
Feb 20021653,04018.222.38$10,228
Jan 200214,15017.172.38$9,876
Dec 20011724,58516.932.36$13,753
Nov 200104,54018.072.41$10,921
Oct 200104,69819.782.53$11,881
Sep 20011564,75524.262.25$14,490
Aug 200104,83024.873.05$14,747
Jul 20011325,29023.933.20$20,071
Jun 20011605,56324.563.82$25,203
May 200106,71225.524.31$28,911
Apr 20011648,99524.685.34$52,039
Mar 2001032524.545.38$1,747
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20005740626.889.12$5,236
Nov 20001814,29232.215.66$30,114
Oct 200004,26131.235.15$21,925
Sep 200003,99931.875.19$20,741
Aug 20001264,74329.644.54$25,271
Jul 20001325,00728.534.09$24,243
Jun 200004,90929.304.40$21,586
May 20001265,10327.263.68$22,213
Apr 20001644,59224.513.12$18,328
Mar 200004,65228.422.86$13,304
Feb 20001644,91327.622.73$17,925
Jan 200005,26925.272.48$13,070
Dec 19991605,37324.282.42$16,907
Nov 19991545,33523.192.43$16,557
Oct 199905,19820.982.80$14,574
Sep 19991615,09521.752.62$16,845
Aug 199905,33519.262.88$15,341
Jul 1999995,41717.892.37$14,622
Jun 19991704,77915.942.36$13,998
May 199905,18015.792.32$12,023
Apr 19991655,34515.102.21$14,294
Mar 19991695,42912.471.84$12,088
Feb 199904,7179.981.82$8,575
Jan 19991646,07010.381.90$13,235
Dec 19981685,3619.201.77$11,052
Nov 199805,50910.892.19$12,041
Oct 19981525,96712.421.97$13,638
Sep 19981535,71112.592.08$13,820
Aug 19981515,57511.301.91$12,340
Jul 199815,51611.742.24$12,353
Jun 19981515,25211.242.24$13,447
May 19981435,98512.622.21$15,010
Apr 19981296,49013.042.51$17,942
Mar 19981616,37112.802.31$16,774
Feb 199806,39713.952.30$14,708
Jan 19981667,24814.702.15$18,058
Dec 19971636,60216.322.41$18,578
Nov 19971546,38618.193.09$22,523
Oct 19973046,14919.253.15$25,220
Sep 19971526,13617.742.95$20,828
Aug 19971706,28217.862.55$19,085
Jul 1997196,20217.582.25$14,270
Jun 19971456,05517.242.26$16,167
May 19971556,49618.972.31$17,936
Apr 19971556,57717.882.08$16,470
Mar 19971616,59218.951.94$15,834
Feb 19971695,88620.492.21$16,447
Jan 19971716,37923.483.54$26,595
Dec 19961647,06323.32$3,824
Nov 19963046,65421.97$6,679
Oct 19961617,10523.31$3,753
Sep 19961426,90422.22$3,155
Aug 19961557,34920.26$3,140
Jul 19961637,19919.55$3,187
Jun 19961797,25418.73$3,353
May 19961587,75719.43$3,070
Apr 19961807,66521.51$3,872
Mar 19961758,19619.38$3,392
Feb 19961706,13916.98$2,887
Jan 19961867,85017.07$3,175
Dec 19951748,44617.19$2,991
Nov 19953458,09316.00$5,520
Oct 19951849,05115.43$2,839
Sep 19951909,04116.18$3,074
Aug 19951699,64415.92$2,690
Jul 19951809,96515.24$2,743
Jun 19953519,84316.41$5,760
May 199516810,85717.56$2,950
Apr 199533211,00617.73$5,886
Mar 199517312,16816.44$2,844
Feb 199533311,05416.58$5,521
Jan 199534012,85115.92$5,413
Dec 199433813,80915.03$5,080
Nov 199416312,62915.90$2,592
Oct 199431715,98715.58$4,939
Sep 199431116,27915.29$4,755
Aug 199441615,52416.13$6,710
Jul 199426616,16617.56$4,671
Jun 199447416,32417.09$8,101
May 199441619,56615.88$6,606
Apr 199430117,19514.14$4,256
Mar 199466521,64512.46$8,286
Feb 199473315,80812.50$9,163
Jan 199435025,45812.66$4,431

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 2020 — as filed, then multipliedworked
Condensate             0 bbl  × $ 14.75 =         $0
Gas                   36 Mcf  × $  1.80 =        $65

────────────────────────────────────────────────────
Month total                                      $65

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/148258 is the state's own key, not one this site invented.