LOFTIS HEIRS GAS UNIT

Operated by PWEP OPERATING, LLC (P-5 104093) 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 153338District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.5 M
Nov 1994 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
379
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111995-04-11131734
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
CondensateDisposition3,282 bbl$102,394
GasProduction807,515 Mcf$2,359,437
Total$2,461,831

269,814 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 32.4356, -94.5801. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.43560, -94.58009 · 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
10,594 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 10,594 ft.

Completions filed
Nov 1994
1 of 1 wells

1 well

42-203322801A10,594 ftNov 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 (379)

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

379 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 202466069.052.20$4,557
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 202204781.844.54$213
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 202135079.795.71$2,793
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 2020010337.091.99$205
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 201903150.852.79$87
Jan 201904746.033.23$152
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 201804561.443.40$153
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 201804365.142.93$126
Jun 201804360.183.08$132
May 201802665.382.90$75
Apr 201802963.842.90$84
Mar 201805861.222.79$162
Feb 201805261.782.77$144
Jan 201806562.874.01$261
Dec 201708457.272.92$245
Nov 2017019555.423.12$608
Oct 2017012949.292.98$385
Sep 2017061647.523.09$1,902
Aug 201701,37445.373.00$4,128
Jul 201701,34543.873.09$4,152
Jun 201701,49342.493.09$4,609
May 201701,26845.373.26$4,138
Apr 201701,43947.933.21$4,621
Mar 201701,51846.772.98$4,529
Feb 201701,38550.452.95$4,089
Jan 201701,56249.413.42$5,340
Dec 201601,72448.763.72$6,418
Nov 201601,64342.492.64$4,345
Oct 201601,65946.193.09$5,127
Sep 2016076941.553.10$2,384
Aug 2016089741.442.92$2,623
Jul 2016094441.622.92$2,761
Jun 2016082345.352.69$2,210
May 201601,05242.521.99$2,095
Apr 201601,22536.561.99$2,439
Mar 20161241,39333.011.79$6,592
Feb 201601,25026.472.06$2,580
Jan 201601,36627.352.36$3,230
Dec 201501,47832.362.00$2,958
Nov 201501,61138.792.17$3,492
Oct 201501,72543.552.43$4,186
Sep 201501,51742.992.76$4,185
Aug 201501,45440.162.87$4,177
Jul 201501,31448.152.95$3,870
Jun 2015089356.152.88$2,574
May 201501,35055.212.96$3,990
Apr 201501,53649.822.71$4,157
Mar 201501,86042.892.93$5,459
Feb 201502,52244.662.98$7,506
Jan 201501,39643.433.10$4,328
Dec 201401,39454.693.59$5,006
Nov 201401,75570.464.25$7,462
Oct 201401,56878.303.90$6,117
Sep 201401,81786.164.05$7,351
Aug 20141001,92289.394.04$16,695
Jul 201401,79196.564.18$7,486
Jun 201401,84498.164.74$8,735
May 2014086094.734.73$4,065
Apr 2014095195.944.81$4,573
Mar 201401,15695.895.06$5,846
Feb 2014098597.406.19$6,099
Jan 201411,40290.404.86$6,905
Dec 201311,05991.824.35$4,703
Nov 201301,39588.853.74$5,215
Oct 201301,37497.423.78$5,193
Sep 201301,074104.113.72$3,993
Aug 201301,241104.253.52$4,372
Jul 201301,329102.523.72$4,941
Jun 201301,41194.403.93$5,550
May 201301,25294.834.15$5,195
Apr 2013092093.964.28$3,940
Mar 201301,28693.623.91$5,032
Feb 201301,42091.233.42$4,856
Jan 201301,85291.603.42$6,334
Dec 201201,63586.773.42$5,592
Nov 201211,89186.953.62$6,942
Oct 201201,73489.383.40$5,895
Sep 201202,11194.672.92$6,161
Aug 201201,83792.662.91$5,342
Jul 201201,77585.133.02$5,362
Jun 201201,66079.822.52$4,182
May 201201,50591.612.49$3,745
Apr 201201,579101.652.00$3,153
Mar 201211,491105.052.22$3,418
Feb 201201,254101.102.57$3,223
Jan 201211,78098.092.73$4,965
Dec 201103,79796.873.24$12,301
Nov 201122,24895.723.31$7,635
Oct 201111,49584.983.65$5,540
Sep 2011043983.623.99$1,750
Aug 2011089783.404.15$3,722
Jul 2011075094.144.52$3,388
Jun 201101,09392.904.64$5,071
May 2011070298.134.40$3,092
Apr 20110842105.964.33$3,649
Mar 2011054096.364.06$2,191
Feb 201110751685.644.18$11,320
Jan 2011092086.504.59$4,222
Dec 2010075485.734.35$3,278
Nov 201001,29380.843.80$4,907
Oct 2010098478.103.51$3,453
Sep 201011,23172.633.98$4,971
Aug 201001,24173.684.42$5,484
Jul 201001,32372.554.74$6,266
Jun 201001,46770.364.91$7,204
May 201001,55071.124.24$6,565
Apr 201011,83581.694.12$7,647
Mar 201012,16678.394.39$9,584
Feb 201001,63773.585.44$8,909
Jan 201011,81374.365.96$10,887
Dec 200911,54871.445.48$8,560
Nov 200901,65974.593.75$6,224
Oct 200901,64172.544.11$6,745
Sep 200902,00265.543.06$6,136
Aug 200902,01567.423.22$6,485
Jul 200902,06161.133.46$7,140
Jun 200902,11966.163.90$8,254
May 200902,10454.743.93$8,260
Apr 200901,93146.773.59$6,927
Mar 200902,06442.144.06$8,378
Feb 200901,95032.814.63$9,034
Jan 200902,18835.865.37$11,752
Dec 200801,99537.105.98$11,924
Nov 200801,91855.496.86$13,158
Oct 200802,04875.246.92$14,176
Sep 200801,890101.767.88$14,888
Aug 200801,849114.228.48$15,685
Jul 200801,944131.0811.39$22,141
Jun 200801,994131.3313.03$25,987
May 200802,054123.1711.57$23,774
Apr 200802,088110.3110.45$21,830
Mar 20081642,265101.909.66$38,601
Feb 200802,21792.538.77$19,444
Jan 200802,51190.388.21$20,605
Dec 200702,58888.337.30$18,898
Nov 200702,67891.677.29$19,527
Oct 200702,73382.856.92$18,918
Sep 200702,78275.846.24$17,371
Aug 200702,52469.066.39$16,123
Jul 200702,79770.906.39$17,867
Jun 200702,82462.007.55$21,317
May 200703,08958.747.85$24,237
Apr 200702,97759.617.81$23,236
Mar 200703,27356.927.30$23,899
Feb 200702,91255.108.22$23,925
Jan 200703,34250.306.73$22,481
Dec 200602,81956.656.92$19,503
Nov 200602,73854.207.62$20,857
Oct 200603,23954.906.01$19,479
Sep 200602,86860.085.04$14,447
Aug 200602,57068.717.34$18,864
Jul 200602,80669.376.34$17,798
Jun 200601,84666.286.38$11,785
May 200601,74666.016.42$11,218
Apr 2006067764.397.36$4,983
Mar 200605856.707.08$411
Feb 200601,77657.597.75$13,766
Jan 2006068660.598.93$6,128
Dec 2005065154.9413.42$8,733
Nov 20050054.6910.59$0
Oct 20051158.3413.80$72
Sep 200511,19061.4512.08$14,435
Aug 200521,82161.519.80$17,963
Jul 200511,22455.697.84$9,656
Jun 200501,60152.337.38$11,817
May 20051622,10445.226.65$21,320
Apr 200504,93749.207.36$36,339
Mar 200503,14250.377.15$22,481
Feb 200504,23745.226.31$26,744
Jan 200504,08743.166.32$25,839
Dec 200403,19139.866.75$21,543
Nov 200403,04845.286.33$19,295
Oct 200403,64149.706.52$23,721
Sep 200402,39943.245.28$12,676
Aug 200402,45342.375.55$13,616
Jul 2004061338.286.08$3,730
Jun 200401,65536.106.43$10,647
May 200401,22637.486.49$7,962
Apr 200401,01434.475.86$5,940
Mar 200401,31634.365.53$7,278
Feb 2004090032.455.51$4,959
Jan 200401,20232.036.30$7,572
Dec 200301,90330.266.30$11,992
Nov 200301,78728.804.60$8,212
Oct 200302,42828.174.76$11,556
Sep 200302,33826.314.75$11,104
Aug 200303,11229.765.13$15,964
Jul 200312,66529.415.17$13,810
Jun 200321,21428.565.98$7,320
May 200301,45326.595.97$8,678
Apr 200302,02826.675.41$10,966
Mar 200302,64531.146.10$16,124
Feb 200302,62833.487.93$20,829
Jan 200302,55930.315.58$14,284
Dec 200232,33926.914.85$11,434
Nov 200201,99624.664.14$8,257
Oct 200201,97326.464.23$8,344
Sep 200212,47427.443.64$9,021
Aug 200212,45625.963.16$7,797
Jul 200202,14724.583.06$6,574
Jun 200202,03323.733.34$6,787
May 200202,20724.663.58$7,910
Apr 200202,63223.653.51$9,244
Mar 200202,49722.003.10$7,747
Feb 20021782,00018.222.38$7,995
Jan 200212,25617.172.38$5,377
Dec 200102,08216.932.36$4,923
Nov 200102,47318.072.41$5,949
Oct 200102,77219.782.53$7,010
Sep 200102,25224.262.25$5,070
Aug 200102,49024.873.05$7,602
Jul 200102,39223.933.20$7,647
Jun 200122,37824.563.82$9,143
May 200102,69425.524.31$11,604
Apr 200102,47124.685.34$13,184
Mar 200103,10424.545.38$16,688
Feb 200112,61527.755.77$15,109
Jan 200113,50627.478.40$29,474
Dec 200012,96426.889.12$27,066
Nov 200002,95132.215.66$16,697
Oct 200002,97031.235.15$15,282
Sep 200002,93731.875.19$15,233
Aug 200003,06529.644.54$13,917
Jul 200002,89228.534.09$11,828
Jun 20001792,26929.304.40$15,222
May 200002,71927.263.68$10,005
Apr 200002,86124.513.12$8,915
Mar 200003,12728.422.86$8,942
Feb 200002,99927.622.73$8,177
Jan 200013,71825.272.48$9,248
Dec 199914,32524.282.42$10,507
Nov 199923,44823.192.43$8,439
Oct 199903,45820.982.80$9,695
Sep 199913,39421.752.62$8,910
Aug 199913,92319.262.88$11,300
Jul 199923,84117.892.37$9,148
Jun 19991863,29115.942.36$10,739
May 199913,00415.792.32$6,988
Apr 199923,17015.102.21$7,030
Mar 199902,91712.471.84$5,362
Feb 199933,5459.981.82$6,474
Jan 19991543,50910.381.90$8,265
Dec 199822,9899.201.77$5,319
Nov 199802,96310.892.19$6,476
Oct 199802,24112.421.97$4,413
Sep 199801,91912.592.08$3,997
Aug 199802,52211.301.91$4,810
Jul 199802,11411.742.24$4,730
Jun 199802,28811.242.24$5,119
May 199802,41012.622.21$5,317
Apr 199802,67113.042.51$6,692
Mar 199802,84612.802.31$6,573
Feb 199802,99813.952.30$6,893
Jan 199803,01414.702.15$6,495
Dec 199703,57116.322.41$8,610
Nov 199703,63118.193.09$11,213
Oct 19972914,23219.253.15$18,932
Sep 199714,34617.742.95$12,860
Aug 199715,48017.862.55$14,018
Jul 199715,23917.582.25$11,789
Jun 199714,63117.242.26$10,470
May 199714,14418.972.31$9,585
Apr 199725,60117.882.08$11,701
Mar 199715,67818.951.94$11,029
Feb 199725,65720.492.21$12,520
Jan 19971726,92323.483.54$28,544
Dec 19961055,35323.32$2,449
Nov 1996834,50721.97$1,824
Oct 199607,33423.31$0
Sep 199637,12622.22$67
Aug 199626,84320.26$41
Jul 199616,88019.55$20
Jun 199616,72518.73$19
May 19961829,25419.43$3,536
Apr 199638,10221.51$65
Mar 199649,94619.38$78
Feb 199618,69916.98$17
Jan 199617,91417.07$17
Dec 19951928,33917.19$3,300
Nov 199519,30316.00$16
Oct 1995410,24815.43$62
Sep 199518,86016.18$16
Aug 199518510,47215.92$2,945
Jul 1995110,87215.24$15
Jun 1995311,42916.41$49
May 19959911,77617.56$1,738
Apr 199536412,39517.73$6,454
Mar 19956115,52616.44$1,003
Feb 1995215,93816.58$33
Jan 1995620,31315.92$96
Dec 1994131,48015.03$15
Nov 199404,18015.90$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.

Nov 2024 — as filed, then multipliedworked
Condensate            66 bbl  × $ 69.05 =     $4,557
Gas                    0 Mcf  × $  2.20 =         $0

────────────────────────────────────────────────────
Month total                                   $4,557

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/153338 is the state's own key, not one this site invented.