PANOLA DEVELOPMENT CO.

Operated by GLASSELL PRODUCING COMPANY, INC. (P-5 309515) in the CARTHAGE (TRAVIS PEAK 6450) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 149326District 06Field 160329502 tax incentive programmesGasSaveExport
Value, all time
$2.0 M
Mar 1994 – Sep 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
343
no gaps in the span
Streams
1
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 62 leases and 62 wells, and the rule below applies to all of them.

Discovered
1986-09-20
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
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1994-08-29.

The Commission's schedule remark for this field reads: EFFECTIVE AUGUST.

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 Gas112004-01-29154848
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
GasProduction792,264 Mcf$2,040,904
Total$2,040,904

257,770 Mcf of this lease's gas, across 34 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 32.2394, -94.2033. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.23943, -94.20328 · 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
8,200 ft
1 wells filed one
Completion to plug
13 months
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 8,200 ft.

Completions filed
Nov 2021
1 of 1 wells
Plug dates filed
Dec 2022
1 of 1 wells

Last completion to plug: a median of 13 months across the 1 well that filed both dates, with the middle half between 13 months and 13 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3653287268,200 ftNov 2021Dec 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 (343)

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

343 months

Sep 2022084.888.16$0
Aug 2022094.529.13$0
Jul 20220101.587.54$0
Jun 20220115.097.98$0
May 20220109.378.43$0
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 2022091.054.86$0
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 2021077.435.24$0
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 2021066.024.22$0
Jul 2021070.783.98$0
Jun 2021069.493.38$0
May 2021063.483.02$0
Apr 2021060.362.76$0
Mar 2021061.302.72$0
Feb 2021057.805.55$0
Jan 2021050.412.81$0
Dec 2020044.642.68$0
Nov 20207938.772.71$214
Oct 20205336.972.48$131
Sep 20203237.091.99$64
Aug 20202339.982.39$55
Jul 20202538.371.83$46
Jun 20205234.901.69$88
May 20204816.921.81$87
Apr 20207214.751.80$130
Mar 202010630.341.86$197
Feb 20208049.881.98$158
Jan 202010257.252.09$214
Dec 20193059.012.30$69
Nov 20192355.302.75$63
Oct 20192553.472.42$60
Sep 2019055.052.66$0
Aug 2019053.112.30$0
Jul 2019056.272.46$0
Jun 20194052.782.49$100
May 201915158.482.74$414
Apr 20199662.632.75$264
Mar 20198756.803.06$266
Feb 20196250.852.79$173
Jan 20199246.033.23$297
Dec 201821346.594.19$892
Nov 201817752.934.24$750
Oct 201820861.443.40$707
Sep 201832159.543.11$998
Aug 201836059.403.07$1,104
Jul 201820465.142.93$598
Jun 201827860.183.08$855
May 20182565.382.90$73
Apr 2018063.842.90$0
Mar 20188261.222.79$229
Feb 201818861.782.77$520
Jan 201810262.874.01$409
Dec 2017057.272.92$0
Nov 20173355.423.12$103
Oct 20178149.292.98$242
Sep 2017047.523.09$0
Aug 20172045.373.00$60
Jul 201737743.873.09$1,164
Jun 201752142.493.09$1,608
May 20171,89545.373.26$6,184
Apr 20171,89647.933.21$6,089
Mar 20172,12246.772.98$6,331
Feb 20171,74550.452.95$5,152
Jan 20172,20649.413.42$7,542
Dec 20162,31348.763.72$8,611
Nov 20162,31642.492.64$6,124
Oct 20162,11946.193.09$6,548
Sep 20161,94341.553.10$6,025
Aug 20161,92641.442.92$5,632
Jul 20161,53241.622.92$4,480
Jun 20161,69945.352.69$4,563
May 20161,74142.521.99$3,466
Apr 20161,60636.561.99$3,198
Mar 201694233.011.79$1,690
Feb 20161,42026.472.06$2,930
Jan 201678527.352.36$1,856
Dec 20151,64532.362.00$3,292
Nov 20151,74338.792.17$3,778
Oct 20151,88343.552.43$4,569
Sep 20151,75242.992.76$4,833
Aug 20151,76140.162.87$5,058
Jul 20151,85248.152.95$5,454
Jun 20151,86556.152.88$5,377
May 20151,93855.212.96$5,728
Apr 20151,98849.822.71$5,381
Mar 20152,10042.892.93$6,163
Feb 20151,93044.662.98$5,744
Jan 20152,12943.433.10$6,601
Dec 20142,18654.693.59$7,851
Nov 20141,91370.464.25$8,134
Oct 20142,04578.303.90$7,977
Sep 20141,96686.164.05$7,953
Aug 20141,96689.394.04$7,933
Jul 20141,69896.564.18$7,097
Jun 201435198.164.74$1,663
May 201446794.734.73$2,207
Apr 20142,10895.944.81$10,138
Mar 20141,91495.895.06$9,679
Feb 20142,09797.406.19$12,985
Jan 20142,41690.404.86$11,744
Dec 20132,43191.824.35$10,586
Nov 20132,35788.853.74$8,811
Oct 20132,29097.423.78$8,655
Sep 20132,284104.113.72$8,491
Aug 20132,318104.253.52$8,165
Jul 20132,338102.523.72$8,692
Jun 20132,33494.403.93$9,181
May 20132,41494.834.15$10,016
Apr 20132,27993.964.28$9,760
Mar 20132,38493.623.91$9,328
Feb 20132,15391.233.42$7,363
Jan 20132,23391.603.42$7,637
Dec 20122,08086.773.42$7,114
Nov 20121,05286.953.62$3,813
Oct 201211389.383.40$384
Sep 20122,36794.672.92$6,908
Aug 20122,42792.662.91$7,058
Jul 20122,33985.133.02$7,066
Jun 20122,22079.822.52$5,592
May 20122,25491.612.49$5,609
Apr 20121,934101.652.00$3,862
Mar 20121,943105.052.22$4,318
Feb 20122,066101.102.57$5,310
Jan 20122,17698.092.73$5,949
Dec 20112,11896.873.24$6,862
Nov 20112,05095.723.31$6,788
Oct 20112,06484.983.65$7,531
Sep 20112,03383.623.99$8,103
Aug 20112,04983.404.15$8,502
Jul 20111,82694.144.52$8,248
Jun 20111,63292.904.64$7,572
May 20111,93098.134.40$8,501
Apr 20111,608105.964.33$6,968
Mar 201171496.364.06$2,897
Feb 20111,65385.644.18$6,910
Jan 20112,02786.504.59$9,301
Dec 20102,14185.734.35$9,309
Nov 20102,04180.843.80$7,746
Oct 20102,06378.103.51$7,239
Sep 20101,96872.633.98$7,832
Aug 20101,99073.684.42$8,795
Jul 20101,94372.554.74$9,203
Jun 20101,88070.364.91$9,232
May 20101,83371.124.24$7,763
Apr 20101,72381.694.12$7,103
Mar 20101,82278.394.39$7,996
Feb 20101,61873.585.44$8,806
Jan 20102,04474.365.96$12,191
Dec 20091,89371.445.48$10,381
Nov 20091,62774.593.75$6,104
Oct 20091,67072.544.11$6,864
Sep 200965765.543.06$2,014
Aug 200940167.423.22$1,291
Jul 20091,15761.133.46$4,008
Jun 20091,36166.163.90$5,301
May 20093,33254.743.93$13,081
Apr 20093,60246.773.59$12,922
Mar 20093,72542.144.06$15,120
Feb 20091,78132.814.63$8,251
Jan 20095,06135.865.37$27,183
Dec 20086737.105.98$400
Nov 200856655.496.86$3,883
Oct 200887175.246.92$6,029
Sep 2008800101.767.88$6,302
Aug 2008664114.228.48$5,633
Jul 2008887131.0811.39$10,102
Jun 2008821131.3313.03$10,700
May 2008910123.1711.57$10,533
Apr 2008894110.3110.45$9,347
Mar 2008934101.909.66$9,026
Feb 200882892.538.77$7,262
Jan 200885090.388.21$6,975
Dec 200793988.337.30$6,857
Nov 200798191.677.29$7,153
Oct 200793082.856.92$6,437
Sep 200796875.846.24$6,044
Aug 200792269.066.39$5,890
Jul 20071,03570.906.39$6,612
Jun 200795262.007.55$7,186
May 20071,02258.747.85$8,019
Apr 20071,01659.617.81$7,930
Mar 200784356.927.30$6,156
Feb 200783455.108.22$6,852
Jan 20071,02950.306.73$6,922
Dec 20061,07756.656.92$7,451
Nov 200686554.207.62$6,589
Oct 200695554.906.01$5,743
Sep 200697260.085.04$4,896
Aug 200697368.717.34$7,142
Jul 20061,05969.376.34$6,717
Jun 20061,00866.286.38$6,435
May 20061,12466.016.42$7,222
Apr 20061,05864.397.36$7,787
Mar 20061,07656.707.08$7,621
Feb 20061,01857.597.75$7,891
Jan 20061,08060.598.93$9,648
Dec 20051,11454.9413.42$14,945
Nov 20051,07954.6910.59$11,425
Oct 20051,28058.3413.80$17,659
Sep 200596161.4512.08$11,608
Aug 20051,20761.519.80$11,825
Jul 20051,31755.697.84$10,330
Jun 20051,06652.337.38$7,868
May 20051,21345.226.65$8,068
Apr 20051,16849.207.36$8,597
Mar 20051,16950.377.15$8,364
Feb 20051,13545.226.31$7,164
Jan 20051,32043.166.32$8,345
Dec 20041,26039.866.75$8,506
Nov 20041,22145.286.33$7,729
Oct 20041,37349.706.52$8,945
Sep 20041,29243.245.28$6,827
Aug 20041,45642.375.55$8,082
Jul 20041,38738.286.08$8,439
Jun 20041,36836.106.43$8,800
May 20041,38437.486.49$8,989
Apr 20041,29934.475.86$7,610
Mar 20041,42134.365.53$7,858
Feb 20041,36832.455.51$7,537
Jan 20041,41032.036.30$8,882
Dec 20031,10430.266.30$6,957
Nov 20031,24628.804.60$5,726
Oct 20031,30428.174.76$6,207
Sep 20031,40326.314.75$6,663
Aug 20031,59629.765.13$8,187
Jul 20031,43029.415.17$7,394
Jun 20031,50928.565.98$9,028
May 20031,58526.595.97$9,467
Apr 20031,62226.675.41$8,771
Mar 20031,66431.146.10$10,144
Feb 20031,49433.487.93$11,841
Jan 20031,58930.315.58$8,870
Dec 20021,68126.914.85$8,159
Nov 20021,73924.664.14$7,194
Oct 20021,62926.464.23$6,889
Sep 20021,66527.443.64$6,053
Aug 20021,77625.963.16$5,620
Jul 20021,74224.583.06$5,334
Jun 20021,90123.733.34$6,346
May 20021,46324.663.58$5,243
Apr 20021,79823.653.51$6,315
Mar 20021,95122.003.10$6,053
Feb 20021,71118.222.38$4,065
Jan 20021,84217.172.38$4,376
Dec 20012,02416.932.36$4,786
Nov 20011,96218.072.41$4,720
Oct 20012,05919.782.53$5,207
Sep 20012,08324.262.25$4,690
Aug 20012,07724.873.05$6,341
Jul 20012,08923.933.20$6,679
Jun 20012,21124.563.82$8,455
May 20012,09525.524.31$9,024
Apr 20012,23124.685.34$11,903
Mar 20012,37324.545.38$12,758
Feb 20012,16227.755.77$12,468
Jan 20012,39427.478.40$20,107
Dec 20002,52326.889.12$23,016
Nov 20002,19832.215.66$12,436
Oct 20002,45431.235.15$12,627
Sep 20002,56431.875.19$13,298
Aug 20002,98329.644.54$13,545
Jul 20002,60028.534.09$10,633
Jun 20002,76629.304.40$12,163
May 20002,71227.263.68$9,979
Apr 20002,58324.513.12$8,049
Mar 20002,54328.422.86$7,272
Feb 20002,74927.622.73$7,495
Jan 20002,82625.272.48$7,010
Dec 19993,26624.282.42$7,916
Nov 19992,81723.192.43$6,857
Oct 19993,26920.982.80$9,165
Sep 19993,15721.752.62$8,268
Aug 19993,06519.262.88$8,814
Jul 19993,49417.892.37$8,289
Jun 19993,53015.942.36$8,338
May 19993,63115.792.32$8,428
Apr 19993,92815.102.21$8,673
Mar 19993,50612.471.84$6,445
Feb 19993,6509.981.82$6,635
Jan 19994,20410.381.90$7,987
Dec 19983,6809.201.77$6,526
Nov 19984,25210.892.19$9,294
Oct 19984,78512.421.97$9,423
Sep 19983,51112.592.08$7,312
Aug 19984,84111.301.91$9,233
Jul 19984,12411.742.24$9,227
Jun 19985,09511.242.24$11,399
May 19984,83412.622.21$10,665
Apr 19985,03013.042.51$12,602
Mar 19985,26812.802.31$12,166
Feb 19983,87013.952.30$8,898
Jan 19985,83414.702.15$12,571
Dec 19976,77116.322.41$16,326
Nov 19976,29818.193.09$19,450
Oct 19977,19819.253.15$22,672
Sep 19978,29417.742.95$24,508
Aug 19978,29417.862.55$21,189
Jul 19979,39517.582.25$21,110
Jun 199710,66717.242.26$24,078
May 199715,21318.972.31$35,119
Apr 19972717.882.08$56
Mar 19971,53218.951.94$2,971
Feb 19973,03320.492.21$6,690
Jan 19972,12023.483.54$7,504
Dec 19963,13323.32$0
Nov 19963,12821.97$0
Oct 19963,26723.31$0
Sep 19963,35522.22$0
Aug 19963,60520.26$0
Jul 19963,78519.55$0
Jun 19963,87118.73$0
May 19964,10319.43$0
Apr 19964,06721.51$0
Mar 19964,34519.38$0
Feb 19964,18816.98$0
Jan 19964,71317.07$0
Dec 19954,68717.19$0
Nov 19954,58716.00$0
Oct 19955,73515.43$0
Sep 19955,81116.18$0
Aug 19956,18815.92$0
Jul 19957,38915.24$0
Jun 19959,20916.41$0
May 199526317.56$0
Apr 19954,17117.73$0
Mar 19956,87716.44$0
Feb 19956,88516.58$0
Jan 19958,72315.92$0
Dec 19948,91615.03$0
Nov 19949,52815.90$0
Oct 199410,40615.58$0
Sep 199410,75415.29$0
Aug 199412,31916.13$0
Jul 199415,10617.56$0
Jun 199413,37717.09$0
May 199419,46615.88$0
Apr 199428,79214.14$0
Mar 199413,02112.46$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.

Nov 2020 — as filed, then multipliedworked
Gas                   79 Mcf  × $  2.71 =       $214

────────────────────────────────────────────────────
Month total                                     $214

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/149326 is the state's own key, not one this site invented.