LETOURNEAU GU 3

Name: LETOURNEAU GU 3 lease production and value, Feb 1995 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by ANADARKO E&P COMPANY LP (P-5 20542) 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 154316District 06Field 664612752 tax incentive programmesGasSave Export

Value, all time

$884 k

Feb 1995 – Oct 2007

Value, last 12 filed months

$43 k

at the published price for each month

Months reported

153

no gaps in the span

Streams

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	1995-08-03	132406
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
Gas	Production	387,453 Mcf	$883,695
Total			$883,695

151,988 Mcf of this lease's gas, across 21 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 32.4050, -94.5814. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.40499, -94.58137 · 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

10,587 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 10,587 ft.

Plug dates filed

Oct 2007

1 of 1 wells

1 well


42-20332327	5	10,587 ft	—	Oct 2007	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 (153)

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

153 months


Oct 2007	0	82.85	6.92	$0
Sep 2007	0	75.84	6.24	$0
Aug 2007	0	69.06	6.39	$0
Jul 2007	0	70.90	6.39	$0
Jun 2007	0	62.00	7.55	$0
May 2007	9	58.74	7.85	$71
Apr 2007	90	59.61	7.81	$702
Mar 2007	466	56.92	7.30	$3,403
Feb 2007	897	55.10	8.22	$7,370
Jan 2007	819	50.30	6.73	$5,509
Dec 2006	1,841	56.65	6.92	$12,737
Nov 2006	1,799	54.20	7.62	$13,704
Oct 2006	1,917	54.90	6.01	$11,528
Sep 2006	1,670	60.08	5.04	$8,412
Aug 2006	1,634	68.71	7.34	$11,993
Jul 2006	1,260	69.37	6.34	$7,992
Jun 2006	1,723	66.28	6.38	$10,999
May 2006	581	66.01	6.42	$3,733
Apr 2006	148	64.39	7.36	$1,089
Mar 2006	138	56.70	7.08	$977
Feb 2006	215	57.59	7.75	$1,666
Jan 2006	293	60.59	8.93	$2,617
Dec 2005	293	54.94	13.42	$3,931
Nov 2005	199	54.69	10.59	$2,107
Oct 2005	226	58.34	13.80	$3,118
Sep 2005	206	61.45	12.08	$2,488
Aug 2005	341	61.51	9.80	$3,341
Jul 2005	1,049	55.69	7.84	$8,228
Jun 2005	978	52.33	7.38	$7,219
May 2005	1,565	45.22	6.65	$10,409
Apr 2005	1,517	49.20	7.36	$11,166
Mar 2005	1,377	50.37	7.15	$9,852
Feb 2005	1,113	45.22	6.31	$7,025
Jan 2005	1,684	43.16	6.32	$10,647
Dec 2004	2,032	39.86	6.75	$13,718
Nov 2004	1,804	45.28	6.33	$11,420
Oct 2004	1,795	49.70	6.52	$11,695
Sep 2004	1,514	43.24	5.28	$8,000
Aug 2004	1,720	42.37	5.55	$9,547
Jul 2004	1,818	38.28	6.08	$11,061
Jun 2004	181	36.10	6.43	$1,164
May 2004	140	37.48	6.49	$909
Apr 2004	74	34.47	5.86	$434
Mar 2004	156	34.36	5.53	$863
Feb 2004	199	32.45	5.51	$1,096
Jan 2004	272	32.03	6.30	$1,714
Dec 2003	268	30.26	6.30	$1,689
Nov 2003	284	28.80	4.60	$1,305
Oct 2003	675	28.17	4.76	$3,213
Sep 2003	1,006	26.31	4.75	$4,778
Aug 2003	264	29.76	5.13	$1,354
Jul 2003	514	29.41	5.17	$2,658
Jun 2003	1,085	28.56	5.98	$6,492
May 2003	991	26.59	5.97	$5,919
Apr 2003	333	26.67	5.41	$1,801
Mar 2003	571	31.14	6.10	$3,481
Feb 2003	683	33.48	7.93	$5,413
Jan 2003	1,384	30.31	5.58	$7,726
Dec 2002	1,155	26.91	4.85	$5,606
Nov 2002	1,428	24.66	4.14	$5,908
Oct 2002	3,655	26.46	4.23	$15,457
Sep 2002	1,108	27.44	3.64	$4,028
Aug 2002	2,197	25.96	3.16	$6,952
Jul 2002	2,541	24.58	3.06	$7,780
Jun 2002	1,885	23.73	3.34	$6,293
May 2002	2,425	24.66	3.58	$8,691
Apr 2002	2,008	23.65	3.51	$7,053
Mar 2002	1,847	22.00	3.10	$5,731
Feb 2002	1,972	18.22	2.38	$4,685
Jan 2002	2,025	17.17	2.38	$4,811
Dec 2001	1,987	16.93	2.36	$4,698
Nov 2001	1,952	18.07	2.41	$4,696
Oct 2001	2,762	19.78	2.53	$6,985
Sep 2001	1,908	24.26	2.25	$4,296
Aug 2001	2,120	24.87	3.05	$6,473
Jul 2001	2,355	23.93	3.20	$7,529
Jun 2001	2,519	24.56	3.82	$9,633
May 2001	2,345	25.52	4.31	$10,101
Apr 2001	2,154	24.68	5.34	$11,492
Mar 2001	2,338	24.54	5.38	$12,570
Feb 2001	1,936	27.75	5.77	$11,165
Jan 2001	2,316	27.47	8.40	$19,452
Dec 2000	2,408	26.88	9.12	$21,967
Nov 2000	2,792	32.21	5.66	$15,797
Oct 2000	2,447	31.23	5.15	$12,591
Sep 2000	2,362	31.87	5.19	$12,251
Aug 2000	2,648	29.64	4.54	$12,024
Jul 2000	2,704	28.53	4.09	$11,059
Jun 2000	1,828	29.30	4.40	$8,038
May 2000	2,707	27.26	3.68	$9,961
Apr 2000	2,646	24.51	3.12	$8,245
Mar 2000	3,073	28.42	2.86	$8,788
Feb 2000	2,619	27.62	2.73	$7,141
Jan 2000	3,131	25.27	2.48	$7,766
Dec 1999	3,049	24.28	2.42	$7,390
Nov 1999	2,735	23.19	2.43	$6,657
Oct 1999	3,055	20.98	2.80	$8,565
Sep 1999	2,990	21.75	2.62	$7,830
Aug 1999	3,174	19.26	2.88	$9,127
Jul 1999	3,342	17.89	2.37	$7,928
Jun 1999	3,108	15.94	2.36	$7,341
May 1999	2,899	15.79	2.32	$6,729
Apr 1999	2,962	15.10	2.21	$6,540
Mar 1999	3,035	12.47	1.84	$5,579
Feb 1999	2,828	9.98	1.82	$5,141
Jan 1999	2,820	10.38	1.90	$5,358
Dec 1998	2,809	9.20	1.77	$4,981
Nov 1998	2,798	10.89	2.19	$6,116
Oct 1998	2,722	12.42	1.97	$5,360
Sep 1998	2,778	12.59	2.08	$5,786
Aug 1998	3,120	11.30	1.91	$5,951
Jul 1998	2,515	11.74	2.24	$5,627
Jun 1998	2,982	11.24	2.24	$6,672
May 1998	3,635	12.62	2.21	$8,020
Apr 1998	3,099	13.04	2.51	$7,764
Mar 1998	3,707	12.80	2.31	$8,561
Feb 1998	2,915	13.95	2.30	$6,702
Jan 1998	2,247	14.70	2.15	$4,842
Dec 1997	1,739	16.32	2.41	$4,193
Nov 1997	3,026	18.19	3.09	$9,345
Oct 1997	3,566	19.25	3.15	$11,232
Sep 1997	2,569	17.74	2.95	$7,591
Aug 1997	3,142	17.86	2.55	$8,027
Jul 1997	3,465	17.58	2.25	$7,786
Jun 1997	3,915	17.24	2.26	$8,837
May 1997	3,597	18.97	2.31	$8,304
Apr 1997	3,425	17.88	2.08	$7,134
Mar 1997	1,769	18.95	1.94	$3,430
Feb 1997	1,891	20.49	2.21	$4,171
Jan 1997	3,923	23.48	3.54	$13,886
Dec 1996	3,683	23.32	—	$0
Nov 1996	3,373	21.97	—	$0
Oct 1996	4,291	23.31	—	$0
Sep 1996	4,847	22.22	—	$0
Aug 1996	5,134	20.26	—	$0
Jul 1996	5,560	19.55	—	$0
Jun 1996	5,424	18.73	—	$0
May 1996	6,366	19.43	—	$0
Apr 1996	6,978	21.51	—	$0
Mar 1996	6,256	19.38	—	$0
Feb 1996	6,923	16.98	—	$0
Jan 1996	8,045	17.07	—	$0
Dec 1995	7,305	17.19	—	$0
Nov 1995	10,200	16.00	—	$0
Oct 1995	8,719	15.43	—	$0
Sep 1995	13,336	16.18	—	$0
Aug 1995	5,236	15.92	—	$0
Jul 1995	19,603	15.24	—	$0
Jun 1995	0	16.41	—	$0
May 1995	23	17.56	—	$0
Apr 1995	0	17.73	—	$0
Mar 1995	12,422	16.44	—	$0
Feb 1995	8,264	16.58	—	$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.

May 2007 — as filed, then multipliedworked

Gas                    9 Mcf  × $  7.85 =        $71

────────────────────────────────────────────────────
Month total                                      $71

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/154316 is the state's own key, not one this site invented.