LILLY 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 156264District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.9 M
Nov 1995 – Apr 2026
Value, last 12 filed months
$52 k
at the published price for each month
Months reported
366
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 Gas111995-12-14133788
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
CondensateDisposition15,461 bbl$508,909
GasProduction1,618,756 Mcf$5,372,992
Total$5,881,901

342,783 Mcf of this lease's gas, across 14 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 32.1990, -94.2828. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.19904, -94.28284 · 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
9,650 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 9,650 ft.

Completions filed
Feb 2026
1 of 1 wells

1 well

42-3653314699,650 ftFeb 2026Yes

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 (366)

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

366 months

Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 202631063.503.75$1,969
Jan 202601,04659.138.00$8,366
Dec 20253588356.664.41$5,880
Nov 2025085658.593.93$3,361
Oct 20254498559.383.30$5,868
Sep 20252994962.743.08$4,739
Aug 20251599563.933.01$3,959
Jul 2025171,10366.743.32$4,791
Jun 2025261,12066.483.13$5,233
May 2025791,08660.553.23$8,294
Apr 2025341,11662.363.54$6,074
Mar 2025421,19967.704.27$7,961
Feb 2025321,19870.884.34$7,468
Jan 2025301,47674.324.28$8,545
Dec 202491,80168.993.12$6,243
Nov 202402,85269.052.20$6,270
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 20231070.622.23$71
Apr 20230078.122.24$0
Mar 2023730872.852.39$1,247
Feb 2023099475.112.47$2,451
Jan 202301,33576.533.39$4,523
Dec 202281,27376.415.73$7,904
Nov 202281,31485.005.65$8,099
Oct 202271,35787.185.86$8,567
Sep 2022141,23884.888.16$11,295
Aug 202251,28794.529.13$12,219
Jul 2022101,337101.587.54$11,100
Jun 202271,317115.097.98$11,312
May 2022151,323109.378.43$12,797
Apr 202291,214104.226.84$9,239
Mar 2022171,216108.885.08$8,024
Feb 202291,03791.054.86$5,858
Jan 202281,15581.844.54$5,896
Dec 202191,12971.323.90$5,044
Nov 202101,10377.435.24$5,776
Oct 202181,20879.795.71$7,541
Sep 2021450669.865.35$2,987
Aug 20211039966.024.22$2,344
Jul 2021544770.783.98$2,134
Jun 2021533669.493.38$1,483
May 20211040863.483.02$1,866
Apr 2021937960.362.76$1,589
Mar 2021443961.302.72$1,438
Feb 2021043357.805.55$2,402
Jan 2021060250.412.81$1,692
Dec 20201185544.642.68$2,779
Nov 2020688838.772.71$2,636
Oct 2020597836.972.48$2,609
Sep 2020491737.091.99$1,974
Aug 202091,03839.982.39$2,836
Jul 202051,00038.371.83$2,017
Jun 2020599734.901.69$1,860
May 202091,01516.921.81$1,994
Apr 2020579514.751.80$1,508
Mar 20201097330.341.86$2,110
Feb 2020595449.881.98$2,139
Jan 202071,02357.252.09$2,544
Dec 2019483159.012.30$2,151
Nov 2019882755.302.75$2,717
Oct 20191675753.472.42$2,686
Sep 2019099855.052.66$2,652
Aug 201991,10553.112.30$3,024
Jul 2019271,22056.272.46$4,521
Jun 2019171,34652.782.49$4,250
May 20191792758.482.74$3,534
Apr 2019101,20062.632.75$3,927
Mar 2019201,29156.803.06$5,089
Feb 2019191,18650.852.79$4,278
Jan 2019201,39046.033.23$5,408
Dec 2018101,45146.594.19$6,539
Nov 2018101,30252.934.24$6,046
Oct 2018201,43961.443.40$6,119
Sep 2018121,52759.543.11$5,460
Aug 2018271,48759.403.07$6,164
Jul 2018141,49365.142.93$5,289
Jun 2018281,22860.183.08$5,464
May 2018291,59465.382.90$6,520
Apr 2018281,83963.842.90$7,122
Mar 2018281,74361.222.79$6,572
Feb 2018141,58461.782.77$5,246
Jan 2018271,83662.874.01$9,059
Dec 2017131,83857.272.92$6,114
Nov 2017261,74155.423.12$6,870
Oct 2017141,52349.292.98$5,234
Sep 2017131,46547.523.09$5,141
Aug 2017131,65245.373.00$5,553
Jul 2017121,54743.873.09$5,302
Jun 201791,40942.493.09$4,732
May 201781,59045.373.26$5,552
Apr 2017171,52847.933.21$5,722
Mar 201791,70246.772.98$5,499
Feb 2017241,52650.452.95$5,716
Jan 201791,66849.413.42$6,147
Dec 201681,47448.763.72$5,878
Nov 2016171242.492.64$754
Oct 2016101,80146.193.09$6,027
Sep 201601,40441.553.10$4,353
Aug 2016211,39541.442.92$4,950
Jul 2016111,42041.622.92$4,610
Jun 2016101,52745.352.69$4,555
May 2016191,71742.521.99$4,227
Apr 201681,66036.561.99$3,598
Mar 2016161,65833.011.79$3,503
Feb 2016171,62226.472.06$3,797
Jan 2016171,79027.352.36$4,697
Dec 2015151,88532.362.00$4,258
Nov 2015221,71238.792.17$4,564
Oct 2015161,91443.552.43$5,341
Sep 201581,67142.992.76$4,953
Aug 2015231,92440.162.87$6,450
Jul 201501,82348.152.95$5,369
Jun 2015291,81656.152.88$6,864
May 2015101,70855.212.96$5,600
Apr 2015191,74449.822.71$5,667
Mar 201521,42642.892.93$4,271
Feb 201501,33844.662.98$3,982
Jan 201501,49643.433.10$4,639
Dec 201401,43454.693.59$5,150
Nov 201401,42070.464.25$6,038
Oct 201411,46878.303.90$5,805
Sep 201411,44686.164.05$5,936
Aug 2014171,56389.394.04$7,827
Jul 2014141,53396.564.18$7,759
Jun 2014431,45498.164.74$11,108
May 2014291,59394.734.73$10,277
Apr 2014431,53895.944.81$11,522
Mar 2014501,58895.895.06$12,825
Feb 2014331,43797.406.19$12,112
Jan 2014341,26190.404.86$9,203
Dec 2013491,42391.824.35$10,696
Nov 2013171,46388.853.74$6,980
Oct 2013161,49597.423.78$7,209
Sep 2013311,496104.113.72$8,789
Aug 2013291,477104.253.52$8,226
Jul 201391,678102.523.72$7,161
Jun 201381,57694.403.93$6,954
May 201331,61694.834.15$6,989
Apr 201341,54493.964.28$6,988
Mar 201331,21893.623.91$5,047
Feb 2013349491.233.42$1,963
Jan 2013358691.603.42$2,279
Dec 201231,05686.773.42$3,872
Nov 201291,00086.953.62$4,408
Oct 2012720989.383.40$1,336
Sep 201241,30894.672.92$4,196
Aug 2012141,17892.662.91$4,723
Jul 2012181,06485.133.02$4,746
Jun 2012151,29479.822.52$4,457
May 2012151,23491.612.49$4,445
Apr 201261,610101.652.00$3,825
Mar 201231,891105.052.22$4,517
Feb 201202,241101.102.57$5,760
Jan 201201,88898.092.73$5,162
Dec 201101,66996.873.24$5,407
Nov 201102,44795.723.31$8,103
Oct 201161,47184.983.65$5,877
Sep 2011101,98683.623.99$8,752
Aug 201172,82883.404.15$12,318
Jul 201171,78294.144.52$8,709
Jun 201172,52092.904.64$12,343
May 201181,65298.134.40$8,062
Apr 2011121,310105.964.33$6,948
Mar 2011111,79296.364.06$8,331
Feb 2011111,57985.644.18$7,542
Jan 2011111,33486.504.59$7,073
Dec 2010171,88685.734.35$9,657
Nov 2010222,70280.843.80$12,033
Oct 2010182,96778.103.51$11,817
Sep 2010112,91372.633.98$12,391
Aug 201082,95073.684.42$13,627
Jul 201083,03472.554.74$14,951
Jun 2010112,92970.364.91$15,157
May 201072,98371.124.24$13,132
Apr 2010253,20881.694.12$15,268
Mar 2010353,43778.394.39$17,828
Feb 2010352,72973.585.44$17,428
Jan 2010362,42274.365.96$17,122
Dec 2009543,04771.445.48$20,567
Nov 2009423,37574.593.75$15,794
Oct 2009353,56772.544.11$17,200
Sep 2009312,46365.543.06$9,580
Aug 2009312,61267.423.22$10,497
Jul 2009372,10761.133.46$9,562
Jun 2009492,61866.163.90$13,439
May 2009382,93754.743.93$13,610
Apr 2009493,01546.773.59$13,108
Mar 2009433,35842.144.06$15,442
Feb 2009133,39232.814.63$16,142
Jan 2009154,00235.865.37$22,033
Dec 2008104,15437.105.98$25,200
Nov 2008103,58255.496.86$25,129
Oct 2008133,88075.246.92$27,835
Sep 2008233,447101.767.88$29,493
Aug 2008202,888114.228.48$26,783
Jul 2008232,907131.0811.39$36,124
Jun 2008373,438131.3313.03$49,665
May 2008393,200123.1711.57$41,841
Apr 2008353,510110.3110.45$40,557
Mar 2008834,050101.909.66$47,597
Feb 2008604,33792.538.77$43,590
Jan 2008522,85690.388.21$28,135
Dec 2007683,68388.337.30$32,900
Nov 2007573,66991.677.29$31,978
Oct 2007493,94882.856.92$31,388
Sep 2007153,61075.846.24$23,679
Aug 200783,93969.066.39$25,715
Jul 200762,54670.906.39$16,689
Jun 200762,11262.007.55$16,314
May 200763,47758.747.85$27,634
Apr 200793,06159.617.81$24,428
Mar 200763,40856.927.30$25,227
Feb 200782,07255.108.22$17,464
Jan 2007183,86950.306.73$26,932
Dec 200662,15456.656.92$15,242
Nov 200632,18154.207.62$16,776
Oct 200672,42454.906.01$14,962
Sep 2006103,31160.085.04$17,279
Aug 2006124,48668.717.34$33,751
Jul 2006174,29769.376.34$28,434
Jun 2006164,79166.286.38$31,646
May 2006135,21466.016.42$34,358
Apr 2006224,09464.397.36$31,550
Mar 2006312,44856.707.08$19,097
Feb 2006303,46857.597.75$28,609
Jan 2006354,27260.598.93$40,284
Dec 2005515,98854.9413.42$83,133
Nov 2005496,29954.6910.59$69,376
Oct 2005266,46058.3413.80$90,637
Sep 2005396,01261.4512.08$75,016
Aug 2005325,59261.519.80$56,752
Jul 2005428,09555.697.84$65,833
Jun 2005417,74552.337.38$59,312
May 2005417,14245.226.65$49,357
Apr 2005386,30949.207.36$48,307
Mar 2005417,30650.377.15$54,339
Feb 2005335,51445.226.31$36,296
Jan 2005495,87143.166.32$39,232
Dec 2004494,33639.866.75$31,226
Nov 2004285,01845.286.33$33,034
Oct 2004214,93849.706.52$33,215
Sep 200492,84543.245.28$15,422
Aug 2004123,61742.375.55$20,585
Jul 2004236,06538.286.08$37,781
Jun 2004195,06636.106.43$33,276
May 2004243,69737.486.49$24,910
Apr 2004216,74234.475.86$40,222
Mar 2004286,27934.365.53$35,686
Feb 2004145,09132.455.51$28,504
Jan 2004235,39032.036.30$34,692
Dec 2003196,10930.266.30$39,072
Nov 2003175,55928.804.60$26,034
Oct 2003384,48228.174.76$22,403
Sep 2003424,67526.314.75$23,308
Aug 2003414,54529.765.13$24,535
Jul 2003515,47329.415.17$29,800
Jun 2003364,05028.565.98$25,259
May 2003181,40826.595.97$8,888
Apr 200303,92226.675.41$21,207
Mar 200307,67831.146.10$46,805
Feb 2003125,49333.487.93$43,939
Jan 2003417,07830.315.58$40,752
Dec 2002516,37026.914.85$32,291
Nov 2002347,19424.664.14$30,600
Oct 2002437,20526.464.23$31,609
Sep 2002478,13227.443.64$30,851
Aug 2002598,64725.963.16$28,892
Jul 2002758,43924.583.06$27,682
Jun 2002557,59523.733.34$26,659
May 2002545,88924.663.58$22,438
Apr 2002687,48223.653.51$27,887
Mar 2002795,98222.003.10$20,298
Feb 2002398,32318.222.38$20,483
Jan 2002628,82417.172.38$22,028
Dec 2001757,99216.932.36$20,166
Nov 2001519,19618.072.41$23,043
Oct 2001379,63319.782.53$25,093
Sep 20013411,50824.262.25$26,733
Aug 200123,15524.873.05$9,682
Jul 200135,88823.933.20$18,896
Jun 200146,81224.563.82$26,148
May 200156,39225.524.31$27,660
Apr 200154,64224.685.34$24,890
Mar 200153,28724.545.38$17,795
Feb 200133,74427.755.77$21,675
Jan 200182,52927.478.40$21,460
Dec 2000217,62326.889.12$70,105
Nov 2000177,54832.215.66$43,254
Oct 2000198,89231.235.15$46,347
Sep 2000108,37831.875.19$43,771
Aug 2000139,15829.644.54$41,970
Jul 2000194,12628.534.09$17,416
Jun 2000187,79729.304.40$34,813
May 2000189,39027.263.68$35,044
Apr 2000277,93824.513.12$25,397
Mar 2000388,05028.422.86$24,101
Feb 2000398,69727.622.73$24,790
Jan 2000619,21425.272.48$24,397
Dec 1999288,89624.282.42$22,241
Nov 1999238,07223.192.43$20,181
Oct 1999358,79420.982.80$25,390
Sep 1999188,53621.752.62$22,746
Aug 1999189,43519.262.88$27,478
Jul 1999679,46017.892.37$23,641
Jun 1999459,30915.942.36$22,706
May 199911710,35515.792.32$25,882
Apr 19998710,54615.102.21$24,600
Mar 19991929,72412.471.84$20,270
Feb 19991528,0429.981.82$16,136
Jan 199914410,80510.381.90$22,024
Dec 19981319,7479.201.77$18,490
Nov 199812010,64510.892.19$24,574
Oct 199812110,98512.421.97$23,135
Sep 1998010,46012.592.08$21,784
Aug 199812312,59311.301.91$25,409
Jul 199812412,40511.742.24$29,209
Jun 199812711,85211.242.24$27,944
May 199812712,99012.622.21$30,263
Apr 199813212,72113.042.51$33,592
Mar 199813113,63612.802.31$33,168
Feb 199812813,18613.952.30$32,102
Jan 199822012,15314.702.15$29,421
Dec 1997988,51716.322.41$22,135
Nov 19971199,31118.193.09$30,919
Oct 199711612,87819.253.15$42,796
Sep 199722711,90817.742.95$39,214
Aug 199710712,08617.862.55$32,788
Jul 199714811,94717.582.25$29,446
Jun 199736012,38517.242.26$34,162
May 199718614,18318.972.31$36,270
Apr 199737512,82017.882.08$33,406
Mar 199737114,25218.951.94$34,667
Feb 199736713,67320.492.21$37,681
Jan 199731415,60723.483.54$62,617
Dec 199623416,10323.32$5,457
Nov 199623216,12221.97$5,097
Oct 199623717,33623.31$5,524
Sep 199611717,74622.22$2,600
Aug 199633719,41920.26$6,828
Jul 199622920,70819.55$4,477
Jun 199633721,53218.73$6,312
May 199623622,43819.43$4,585
Apr 199627223,63021.51$5,851
Mar 199646726,82919.38$9,050
Feb 199662926,74316.98$10,680
Jan 199615931,92717.07$2,714
Dec 199546239,64717.19$7,942
Nov 199532042,60316.00$5,120

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 2026 — as filed, then multipliedworked
Condensate            31 bbl  × $ 63.50 =     $1,969
Gas                    0 Mcf  × $  3.75 =         $0

────────────────────────────────────────────────────
Month total                                   $1,969

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/156264 is the state's own key, not one this site invented.