BLACK UNIT

Operated by SHERIDAN PRODUCTION CO III, LLC (P-5 775851) 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 148851District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.3 M
Jan 1994 – Apr 2023
Value, last 12 filed months
$0
at the published price for each month
Months reported
352
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 Gas111994-05-04129955
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
CondensateDisposition21,944 bbl$510,913
GasProduction1,575,613 Mcf$3,835,899
Total$4,346,812

697,243 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 32.1975, -94.2975. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.19748, -94.29749 · 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
0.0%
0 of 1 wells
Median depth
9,665 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
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
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 9,665 ft.

Completions filed
Apr 2023
1 of 1 wells

1 well

42-3653286379,665 ftApr 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 (352)

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

352 months

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 20160846.193.09$25
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 201501342.992.76$36
Aug 201501140.162.87$32
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 201401495.895.06$71
Feb 20140597.406.19$31
Jan 201401590.404.86$73
Dec 201301191.824.35$48
Nov 201303388.853.74$123
Oct 201305797.423.78$215
Sep 201305104.113.72$19
Aug 201309104.253.52$32
Jul 201303102.523.72$11
Jun 20130394.403.93$12
May 20130094.834.15$0
Apr 201301293.964.28$51
Mar 2013443693.623.91$2,080
Feb 2013581691.233.42$3,247
Jan 201361,31991.603.42$5,060
Dec 201291,53186.773.42$6,017
Nov 201261,68386.953.62$6,623
Oct 2012632689.383.40$1,645
Sep 201261,68694.672.92$5,488
Aug 2012101,98592.662.91$6,699
Jul 201262,32285.133.02$7,525
Jun 201262,30079.822.52$6,273
May 201272,35791.612.49$6,506
Apr 201222,035101.652.00$4,267
Mar 201261,931105.052.22$4,921
Feb 201292,112101.102.57$6,338
Jan 201272,30398.092.73$6,983
Dec 201182,18696.873.24$7,857
Nov 201171,97795.723.31$7,216
Oct 201182,32384.983.65$9,155
Sep 2011132,18983.623.99$9,812
Aug 2011142,32183.404.15$10,798
Jul 2011142,47094.144.52$12,476
Jun 2011172,45692.904.64$12,975
May 2011162,38898.134.40$12,089
Apr 2011182,390105.964.33$12,264
Mar 2011132,50296.364.06$11,404
Feb 2011132,56085.644.18$11,814
Jan 2011121,67186.504.59$8,706
Dec 2010142,29685.734.35$11,183
Nov 2010102,30180.843.80$9,541
Oct 2010112,57678.103.51$9,898
Sep 2010132,35772.633.98$10,324
Aug 201092,41373.684.42$11,327
Jul 2010122,45472.554.74$12,494
Jun 201082,46970.364.91$12,687
May 2010122,81171.124.24$12,759
Apr 2010552,51481.694.12$14,857
Mar 20101142,65478.394.39$20,584
Feb 20101052,37373.585.44$20,641
Jan 2010712,66474.365.96$21,168
Dec 2009912,07371.445.48$17,869
Nov 2009502,69874.593.75$13,851
Oct 2009452,61072.544.11$13,992
Sep 2009101,71265.543.06$5,902
Aug 200961,83267.423.22$6,301
Jul 200992,26461.133.46$8,394
Jun 2009102,17966.163.90$9,149
May 2009132,46654.743.93$10,393
Apr 2009162,50546.773.59$9,735
Mar 2009353,02842.144.06$13,766
Feb 2009182,02932.814.63$9,991
Jan 2009583,35135.865.37$20,078
Dec 2008393,43937.105.98$22,002
Nov 2008343,03755.496.86$22,722
Oct 2008322,90475.246.92$22,509
Sep 2008132,200101.767.88$18,652
Aug 2008303,429114.228.48$32,515
Jul 2008152,752131.0811.39$33,310
Jun 2008272,640131.3313.03$37,952
May 2008282,745123.1711.57$35,220
Apr 2008202,442110.3110.45$27,737
Mar 2008403,007101.909.66$33,136
Feb 2008352,62592.538.77$26,261
Jan 2008443,22490.388.21$30,432
Dec 2007273,58588.337.30$28,562
Nov 2007343,45591.677.29$28,310
Oct 2007453,50882.856.92$28,011
Sep 2007242,75575.846.24$19,023
Aug 2007384,20169.066.39$29,460
Jul 2007393,77270.906.39$26,860
Jun 2007263,12962.007.55$25,231
May 2007413,46758.747.85$29,611
Apr 2007303,48959.617.81$29,021
Mar 2007483,38956.927.30$27,479
Feb 2007682,82655.108.22$26,965
Jan 2007493,41250.306.73$25,417
Dec 2006424,36756.656.92$32,592
Nov 2006403,58554.207.62$29,477
Oct 2006333,74154.906.01$24,309
Sep 2006263,44160.085.04$18,895
Aug 2006213,05268.717.34$23,844
Jul 2006223,00669.376.34$20,592
Jun 2006213,65566.286.38$24,725
May 2006153,11066.016.42$20,972
Apr 2006373,24364.397.36$26,252
Mar 2006373,24956.707.08$25,110
Feb 2006282,70157.597.75$22,548
Jan 2006383,44460.598.93$33,069
Dec 2005283,86854.9413.42$53,429
Nov 2005283,63254.6910.59$39,988
Oct 2005343,82258.3413.80$54,711
Sep 2005243,66361.4512.08$45,720
Aug 2005283,53461.519.80$36,344
Jul 2005284,07055.697.84$33,483
Jun 2005273,63152.337.38$28,213
May 2005354,26845.226.65$29,970
Apr 2005312,59849.207.36$20,648
Mar 2005322,71250.377.15$21,016
Feb 2005382,42445.226.31$17,018
Jan 2005383,19543.166.32$21,840
Dec 2004342,71439.866.75$19,678
Nov 2004191,80045.286.33$12,255
Oct 2004243,24949.706.52$22,360
Sep 200463,82343.245.28$20,460
Aug 200404,31142.375.55$23,929
Jul 200404,92538.286.08$29,965
Jun 200404,47136.106.43$28,762
May 200404,88837.486.49$31,746
Apr 200434,76834.475.86$28,037
Mar 2004264,33834.365.53$24,883
Feb 2004264,42832.455.51$25,240
Jan 2004364,89532.036.30$31,990
Dec 2003374,64830.266.30$30,410
Nov 2003243,90228.804.60$18,622
Oct 2003134,14328.174.76$20,085
Sep 2003254,66626.314.75$22,818
Aug 2003324,76229.765.13$25,380
Jul 2003284,98329.415.17$26,590
Jun 2003275,23328.565.98$32,080
May 2003274,75526.595.97$29,118
Apr 2003115,62326.675.41$30,699
Mar 2003134,36231.146.10$26,996
Feb 2003164,06233.487.93$32,731
Jan 2003154,23130.315.58$24,072
Dec 2002184,28126.914.85$21,263
Nov 2002224,42124.664.14$18,832
Oct 2002233,61026.464.23$15,876
Sep 2002254,16827.443.64$15,838
Aug 2002205,44025.963.16$17,732
Jul 2002315,77324.583.06$18,438
Jun 2002466,09123.733.34$21,425
May 2002307,04324.663.58$25,982
Apr 2002406,12923.653.51$22,473
Mar 2002565,78022.003.10$19,166
Feb 2002415,57218.222.38$13,984
Jan 2002425,35117.172.38$13,433
Dec 2001355,14916.932.36$12,767
Nov 2001375,75318.072.41$14,508
Oct 2001355,63119.782.53$14,932
Sep 2001355,58424.262.25$13,420
Aug 2001255,39624.873.05$17,097
Jul 2001205,63423.933.20$18,491
Jun 2001374,82424.563.82$19,356
May 2001395,67925.524.31$25,457
Apr 2001425,13824.685.34$28,449
Mar 2001426,25924.545.38$34,682
Feb 2001536,17727.755.77$37,094
Jan 2001526,17227.478.40$53,266
Dec 2000136,57726.889.12$60,348
Nov 2000134,36032.215.66$25,088
Oct 2000115,96731.235.15$31,047
Sep 2000146,11731.875.19$32,172
Aug 2000116,30629.644.54$28,960
Jul 2000126,29728.534.09$26,096
Jun 2000176,11929.304.40$27,405
May 2000156,08027.263.68$22,782
Apr 2000256,28324.513.12$20,191
Mar 2000436,48028.422.86$19,753
Feb 2000595,18227.622.73$15,758
Jan 2000426,65925.272.48$17,579
Dec 1999126,91424.282.42$17,049
Nov 1999106,58423.192.43$16,257
Oct 1999106,26820.982.80$17,783
Sep 1999106,73121.752.62$17,845
Aug 199967,38919.262.88$21,363
Jul 1999337,31817.892.37$17,951
Jun 1999765,88615.942.36$15,115
May 1999817,55015.792.32$18,803
Apr 1999697,57115.102.21$17,759
Mar 19991078,25612.471.84$16,512
Feb 19991296,0309.981.82$12,249
Jan 19991017,95210.381.90$16,157
Dec 19981777,3849.201.77$14,723
Nov 19981807,72310.892.19$18,841
Oct 199808,12012.421.97$15,990
Sep 19981867,95612.592.08$18,911
Aug 19981838,25511.301.91$17,813
Jul 199808,12911.742.24$18,187
Jun 19981938,13311.242.24$20,365
May 19981848,32712.622.21$20,694
Apr 19981888,49713.042.51$23,739
Mar 19981858,63512.802.31$22,310
Feb 19981868,22713.952.30$21,510
Jan 19981959,06214.702.15$22,393
Dec 19971949,23616.322.41$25,435
Nov 19971829,17718.193.09$31,652
Oct 19971869,54919.253.15$33,658
Sep 19971919,28617.742.95$30,827
Aug 199709,75017.862.55$24,909
Jul 19971869,91617.582.25$25,551
Jun 19971929,15517.242.26$23,975
May 19971889,67318.972.31$25,896
Apr 19971889,88817.882.08$23,956
Mar 199739110,81318.951.94$28,377
Feb 199719310,21620.492.21$26,490
Jan 199718912,50623.483.54$48,705
Dec 199618510,89223.32$4,314
Nov 199618511,12121.97$4,064
Oct 199619411,80223.31$4,522
Sep 199636811,82522.22$8,177
Aug 199617412,63820.26$3,525
Jul 199618513,24419.55$3,617
Jun 199637113,92818.73$6,949
May 199618413,38219.43$3,575
Apr 19961798,31721.51$3,850
Mar 19961607,88519.38$3,101
Feb 19963869,66616.98$6,554
Jan 199618711,30317.07$3,192
Dec 199536811,44517.19$6,326
Nov 199518711,20616.00$2,992
Oct 199518812,66415.43$2,901
Sep 199537112,96216.18$6,003
Aug 199517613,83715.92$2,802
Jul 199538514,40915.24$5,867
Jun 199519514,85916.41$3,200
May 199537716,89617.56$6,620
Apr 199537415,96117.73$6,631
Mar 199518817,08716.44$3,091
Feb 199538915,38016.58$6,450
Jan 199539718,66215.92$6,320
Dec 199437019,17815.03$5,561
Nov 199438020,26215.90$6,042
Oct 199438422,63015.58$5,983
Sep 199438923,05115.29$5,948
Aug 199438025,78216.13$6,129
Jul 199457328,28317.56$10,062
Jun 199436131,70017.09$6,169
May 199476539,39215.88$12,148
Apr 199474350,15414.14$10,506
Mar 199495156,46512.46$11,849
Feb 19941,18158,19212.50$14,763
Jan 199417010,78312.66$2,152

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 2016 — as filed, then multipliedworked
Condensate             0 bbl  × $ 46.19 =         $0
Gas                    8 Mcf  × $  3.09 =        $25

────────────────────────────────────────────────────
Month total                                      $25

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/148851 is the state's own key, not one this site invented.