LOFTIS UNIT

Name: LOFTIS UNIT lease production and value, Nov 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by VALENCE OPERATING COMPANY (P-5 881167) 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 152537District 06Field 664612752 tax incentive programmesCondensateGasSave Export

Value, all time

$1.0 M

Nov 1994 – Apr 2018

Value, last 12 filed months

at the published price for each month

Months reported

282

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	1995-03-15	131650
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	1 bbl	$24
Gas	Production	432,117 Mcf	$1,018,877
Total			$1,018,901

180,097 Mcf of this lease's gas, across 26 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 32.4684, -94.6082. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.46839, -94.60816 · 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

10,825 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 10,825 ft.

Plug dates filed

Apr 2018

1 of 1 wells

1 well


42-20332262	2	10,825 ft	—	Apr 2018	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 (282)

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

282 months


Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	1,512	50.45	2.95	$4,464
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	32	42.89	2.93	$94
Feb 2015	0	60	44.66	2.98	$179
Jan 2015	0	49	43.43	3.10	$152
Dec 2014	0	55	54.69	3.59	$198
Nov 2014	0	23	70.46	4.25	$98
Oct 2014	0	92	78.30	3.90	$359
Sep 2014	0	76	86.16	4.05	$307
Aug 2014	0	89	89.39	4.04	$359
Jul 2014	0	164	96.56	4.18	$685
Jun 2014	0	192	98.16	4.74	$909
May 2014	0	36	94.73	4.73	$170
Apr 2014	0	47	95.94	4.81	$226
Mar 2014	0	42	95.89	5.06	$212
Feb 2014	0	23	97.40	6.19	$142
Jan 2014	0	87	90.40	4.86	$423
Dec 2013	0	77	91.82	4.35	$335
Nov 2013	0	45	88.85	3.74	$168
Oct 2013	0	41	97.42	3.78	$155
Sep 2013	0	109	104.11	3.72	$405
Aug 2013	0	33	104.25	3.52	$116
Jul 2013	0	69	102.52	3.72	$257
Jun 2013	0	61	94.40	3.93	$240
May 2013	0	25	94.83	4.15	$104
Apr 2013	0	38	93.96	4.28	$163
Mar 2013	0	59	93.62	3.91	$231
Feb 2013	0	59	91.23	3.42	$202
Jan 2013	0	39	91.60	3.42	$133
Dec 2012	0	72	86.77	3.42	$246
Nov 2012	0	104	86.95	3.62	$377
Oct 2012	0	70	89.38	3.40	$238
Sep 2012	0	96	94.67	2.92	$280
Aug 2012	0	65	92.66	2.91	$189
Jul 2012	0	54	85.13	3.02	$163
Jun 2012	0	92	79.82	2.52	$232
May 2012	0	52	91.61	2.49	$129
Apr 2012	0	91	101.65	2.00	$182
Mar 2012	0	78	105.05	2.22	$173
Feb 2012	0	89	101.10	2.57	$229
Jan 2012	0	82	98.09	2.73	$224
Dec 2011	0	87	96.87	3.24	$282
Nov 2011	0	82	95.72	3.31	$272
Oct 2011	0	107	84.98	3.65	$390
Sep 2011	0	81	83.62	3.99	$323
Aug 2011	0	69	83.40	4.15	$286
Jul 2011	0	61	94.14	4.52	$276
Jun 2011	0	77	92.90	4.64	$357
May 2011	0	67	98.13	4.40	$295
Apr 2011	0	69	105.96	4.33	$299
Mar 2011	0	41	96.36	4.06	$166
Feb 2011	0	40	85.64	4.18	$167
Jan 2011	0	28	86.50	4.59	$128
Dec 2010	0	30	85.73	4.35	$130
Nov 2010	0	58	80.84	3.80	$220
Oct 2010	0	48	78.10	3.51	$168
Sep 2010	0	37	72.63	3.98	$147
Aug 2010	0	48	73.68	4.42	$212
Jul 2010	0	58	72.55	4.74	$275
Jun 2010	0	225	70.36	4.91	$1,105
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	8	81.69	4.12	$33
Mar 2010	0	35	78.39	4.39	$154
Feb 2010	0	16	73.58	5.44	$87
Jan 2010	0	31	74.36	5.96	$185
Dec 2009	0	37	71.44	5.48	$203
Nov 2009	0	41	74.59	3.75	$154
Oct 2009	0	43	72.54	4.11	$177
Sep 2009	0	47	65.54	3.06	$144
Aug 2009	0	57	67.42	3.22	$183
Jul 2009	0	38	61.13	3.46	$132
Jun 2009	0	54	66.16	3.90	$210
May 2009	0	47	54.74	3.93	$185
Apr 2009	0	40	46.77	3.59	$144
Mar 2009	0	39	42.14	4.06	$158
Feb 2009	0	6	32.81	4.63	$28
Jan 2009	0	22	35.86	5.37	$118
Dec 2008	0	20	37.10	5.98	$120
Nov 2008	0	28	55.49	6.86	$192
Oct 2008	0	21	75.24	6.92	$145
Sep 2008	0	58	101.76	7.88	$457
Aug 2008	0	148	114.22	8.48	$1,255
Jul 2008	0	65	131.08	11.39	$740
Jun 2008	0	1	131.33	13.03	$13
May 2008	0	63	123.17	11.57	$729
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	55	92.53	8.77	$482
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	115	60.08	5.04	$579
Aug 2006	0	405	68.71	7.34	$2,973
Jul 2006	0	716	69.37	6.34	$4,541
Jun 2006	0	190	66.28	6.38	$1,213
May 2006	0	257	66.01	6.42	$1,651
Apr 2006	0	949	64.39	7.36	$6,985
Mar 2006	0	590	56.70	7.08	$4,179
Feb 2006	0	539	57.59	7.75	$4,178
Jan 2006	0	962	60.59	8.93	$8,594
Dec 2005	0	871	54.94	13.42	$11,685
Nov 2005	0	1,088	54.69	10.59	$11,520
Oct 2005	0	1,190	58.34	13.80	$16,417
Sep 2005	0	1,102	61.45	12.08	$13,311
Aug 2005	0	1,613	61.51	9.80	$15,802
Jul 2005	0	1,457	55.69	7.84	$11,428
Jun 2005	0	1,944	52.33	7.38	$14,349
May 2005	0	1,652	45.22	6.65	$10,988
Apr 2005	0	1,851	49.20	7.36	$13,624
Mar 2005	0	1,783	50.37	7.15	$12,757
Feb 2005	0	1,933	45.22	6.31	$12,201
Jan 2005	0	2,469	43.16	6.32	$15,610
Dec 2004	0	3,002	39.86	6.75	$20,267
Nov 2004	0	2,800	45.28	6.33	$17,725
Oct 2004	0	3,446	49.70	6.52	$22,451
Sep 2004	0	2,437	43.24	5.28	$12,877
Aug 2004	0	1,981	42.37	5.55	$10,996
Jul 2004	0	2,255	38.28	6.08	$13,720
Jun 2004	0	3,308	36.10	6.43	$21,280
May 2004	0	3,092	37.48	6.49	$20,081
Apr 2004	0	3,256	34.47	5.86	$19,075
Mar 2004	0	2,681	34.36	5.53	$14,826
Feb 2004	0	2,740	32.45	5.51	$15,096
Jan 2004	0	3,039	32.03	6.30	$19,145
Dec 2003	0	2,360	30.26	6.30	$14,872
Nov 2003	0	2,304	28.80	4.60	$10,587
Oct 2003	0	2,313	28.17	4.76	$11,009
Sep 2003	0	1,132	26.31	4.75	$5,376
Aug 2003	0	1,177	29.76	5.13	$6,038
Jul 2003	0	1,843	29.41	5.17	$9,530
Jun 2003	0	1,330	28.56	5.98	$7,957
May 2003	0	1,514	26.59	5.97	$9,043
Apr 2003	0	1,499	26.67	5.41	$8,106
Mar 2003	0	1,681	31.14	6.10	$10,247
Feb 2003	0	1,314	33.48	7.93	$10,415
Jan 2003	0	1,245	30.31	5.58	$6,950
Dec 2002	0	1,246	26.91	4.85	$6,048
Nov 2002	0	2,267	24.66	4.14	$9,378
Oct 2002	0	2,439	26.46	4.23	$10,315
Sep 2002	0	2,258	27.44	3.64	$8,208
Aug 2002	0	1,785	25.96	3.16	$5,648
Jul 2002	0	2,498	24.58	3.06	$7,648
Jun 2002	0	376	23.73	3.34	$1,255
May 2002	0	830	24.66	3.58	$2,975
Apr 2002	0	2,148	23.65	3.51	$7,544
Mar 2002	0	755	22.00	3.10	$2,343
Feb 2002	0	862	18.22	2.38	$2,048
Jan 2002	0	1,724	17.17	2.38	$4,096
Dec 2001	0	2,357	16.93	2.36	$5,573
Nov 2001	0	1,054	18.07	2.41	$2,535
Oct 2001	0	562	19.78	2.53	$1,421
Sep 2001	0	158	24.26	2.25	$356
Aug 2001	0	996	24.87	3.05	$3,041
Jul 2001	1	515	23.93	3.20	$1,670
Jun 2001	0	1,178	24.56	3.82	$4,505
May 2001	0	1,476	25.52	4.31	$6,358
Apr 2001	0	1,569	24.68	5.34	$8,371
Mar 2001	0	1,465	24.54	5.38	$7,876
Feb 2001	0	178	27.75	5.77	$1,027
Jan 2001	0	649	27.47	8.40	$5,451
Dec 2000	0	1,614	26.88	9.12	$14,724
Nov 2000	0	1,685	32.21	5.66	$9,534
Oct 2000	0	1,489	31.23	5.15	$7,662
Sep 2000	0	1,671	31.87	5.19	$8,667
Aug 2000	0	1,790	29.64	4.54	$8,128
Jul 2000	0	1,748	28.53	4.09	$7,149
Jun 2000	0	1,636	29.30	4.40	$7,194
May 2000	0	1,587	27.26	3.68	$5,840
Apr 2000	0	1,759	24.51	3.12	$5,481
Mar 2000	0	1,857	28.42	2.86	$5,311
Feb 2000	0	1,596	27.62	2.73	$4,351
Jan 2000	0	1,764	25.27	2.48	$4,376
Dec 1999	0	1,552	24.28	2.42	$3,762
Nov 1999	0	1,545	23.19	2.43	$3,761
Oct 1999	0	1,534	20.98	2.80	$4,301
Sep 1999	0	1,423	21.75	2.62	$3,727
Aug 1999	0	1,641	19.26	2.88	$4,719
Jul 1999	0	1,708	17.89	2.37	$4,052
Jun 1999	0	1,881	15.94	2.36	$4,443
May 1999	0	2,008	15.79	2.32	$4,661
Apr 1999	0	2,228	15.10	2.21	$4,920
Mar 1999	0	2,352	12.47	1.84	$4,324
Feb 1999	0	2,161	9.98	1.82	$3,928
Jan 1999	0	2,310	10.38	1.90	$4,389
Dec 1998	0	2,520	9.20	1.77	$4,469
Nov 1998	0	2,564	10.89	2.19	$5,604
Oct 1998	0	2,396	12.42	1.97	$4,718
Sep 1998	0	3,108	12.59	2.08	$6,473
Aug 1998	0	3,930	11.30	1.91	$7,496
Jul 1998	0	3,896	11.74	2.24	$8,716
Jun 1998	0	2,973	11.24	2.24	$6,651
May 1998	0	2,596	12.62	2.21	$5,728
Apr 1998	0	2,556	13.04	2.51	$6,404
Mar 1998	0	2,529	12.80	2.31	$5,841
Feb 1998	0	1,959	13.95	2.30	$4,504
Jan 1998	0	2,154	14.70	2.15	$4,641
Dec 1997	0	3,855	16.32	2.41	$9,295
Nov 1997	0	3,476	18.19	3.09	$10,735
Oct 1997	0	4,004	19.25	3.15	$12,612
Sep 1997	0	4,031	17.74	2.95	$11,911
Aug 1997	0	3,405	17.86	2.55	$8,699
Jul 1997	0	5,051	17.58	2.25	$11,349
Jun 1997	0	4,958	17.24	2.26	$11,191
May 1997	0	6,481	18.97	2.31	$14,961
Apr 1997	0	6,459	17.88	2.08	$13,453
Mar 1997	0	6,406	18.95	1.94	$12,422
Feb 1997	0	6,018	20.49	2.21	$13,275
Jan 1997	0	6,874	23.48	3.54	$24,332
Dec 1996	0	7,302	23.32	—	$0
Nov 1996	0	7,215	21.97	—	$0
Oct 1996	0	8,329	23.31	—	$0
Sep 1996	0	7,483	22.22	—	$0
Aug 1996	0	4,450	20.26	—	$0
Jul 1996	0	4,916	19.55	—	$0
Jun 1996	0	4,876	18.73	—	$0
May 1996	0	5,292	19.43	—	$0
Apr 1996	0	4,882	21.51	—	$0
Mar 1996	0	5,111	19.38	—	$0
Feb 1996	0	5,518	16.98	—	$0
Jan 1996	0	6,269	17.07	—	$0
Dec 1995	0	6,137	17.19	—	$0
Nov 1995	0	6,720	16.00	—	$0
Oct 1995	0	9,048	15.43	—	$0
Sep 1995	0	14,895	16.18	—	$0
Aug 1995	0	3,106	15.92	—	$0
Jul 1995	0	118	15.24	—	$0
Jun 1995	0	1,109	16.41	—	$0
May 1995	0	6,634	17.56	—	$0
Apr 1995	0	7,064	17.73	—	$0
Mar 1995	0	10,086	16.44	—	$0
Feb 1995	0	11,015	16.58	—	$0
Jan 1995	0	8,646	15.92	—	$0
Dec 1994	0	8,830	15.03	—	$0
Nov 1994	0	15,046	15.90	—	$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.

Feb 2017 — as filed, then multipliedworked

Condensate             0 bbl  × $ 50.45 =         $0
Gas                1,512 Mcf  × $  2.95 =     $4,464

────────────────────────────────────────────────────
Month total                                   $4,464

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/152537 is the state's own key, not one this site invented.