PANOLA 2 UNIT

Name: PANOLA 2 UNIT lease production and value, Feb 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TANOS EXPLORATION II, LLC (P-5 835976) 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 158088District 06Field 160321742 tax incentive programmesCondensateGasSave Export

Value, all time

$2.6 M

Feb 1996 – Oct 2019

Value, last 12 filed months

$825

at the published price for each month

Months reported

285

no gaps in the span

Streams

condensate, gas

The CARTHAGE (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 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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1996-06-25	134930
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	8,986 bbl	$235,858
Gas	Production	825,025 Mcf	$2,411,565
Total			$2,647,423

190,278 Mcf of this lease's gas, across 11 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 32.0360, -94.3358. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.03597, -94.33576 · 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

0.0%

0 of 1 wells

Median depth

9,700 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 9,700 ft.

Completions filed

Oct 2019

1 of 1 wells

1 well


42-36533295	6	9,700 ft	Oct 2019	—	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 (285)

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

285 months


Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	358	53.11	2.30	$825
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	40	61.44	3.40	$136
Sep 2018	0	20	59.54	3.11	$62
Aug 2018	0	70	59.40	3.07	$215
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	133	60.18	3.08	$409
May 2018	0	97	65.38	2.90	$281
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	47	61.22	2.79	$131
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	93	62.87	4.01	$373
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	55	55.42	3.12	$172
Oct 2017	0	105	49.29	2.98	$313
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	81	45.37	3.00	$243
Jul 2017	0	173	43.87	3.09	$534
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	1	0	46.77	2.98	$47
Feb 2017	3	0	50.45	2.95	$151
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	6	115	48.76	3.72	$721
Nov 2016	7	52	42.49	2.64	$435
Oct 2016	8	204	46.19	3.09	$1,000
Sep 2016	8	114	41.55	3.10	$686
Aug 2016	4	89	41.44	2.92	$426
Jul 2016	0	81	41.62	2.92	$237
Jun 2016	0	77	45.35	2.69	$207
May 2016	0	85	42.52	1.99	$169
Apr 2016	0	74	36.56	1.99	$147
Mar 2016	0	84	33.01	1.79	$151
Feb 2016	0	94	26.47	2.06	$194
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	67	38.79	2.17	$145
Oct 2015	0	67	43.55	2.43	$163
Sep 2015	0	27	42.99	2.76	$74
Aug 2015	0	77	40.16	2.87	$221
Jul 2015	0	79	48.15	2.95	$233
Jun 2015	0	72	56.15	2.88	$208
May 2015	0	74	55.21	2.96	$219
Apr 2015	0	69	49.82	2.71	$187
Mar 2015	0	94	42.89	2.93	$276
Feb 2015	0	1	44.66	2.98	$3
Jan 2015	0	11	43.43	3.10	$34
Dec 2014	0	55	54.69	3.59	$198
Nov 2014	0	61	70.46	4.25	$259
Oct 2014	0	70	78.30	3.90	$273
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	80	89.39	4.04	$323
Jul 2014	0	202	96.56	4.18	$844
Jun 2014	0	22	98.16	4.74	$104
May 2014	0	5	94.73	4.73	$24
Apr 2014	0	16	95.94	4.81	$77
Mar 2014	1	65	95.89	5.06	$425
Feb 2014	0	49	97.40	6.19	$303
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	1	80	91.82	4.35	$440
Nov 2013	0	132	88.85	3.74	$493
Oct 2013	0	156	97.42	3.78	$590
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	1	65	102.52	3.72	$344
Jun 2013	1	0	94.40	3.93	$94
May 2013	0	257	94.83	4.15	$1,066
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	4	0	93.62	3.91	$374
Feb 2013	0	125	91.23	3.42	$427
Jan 2013	0	103	91.60	3.42	$352
Dec 2012	0	30	86.77	3.42	$103
Nov 2012	22	9	86.95	3.62	$1,946
Oct 2012	0	138	89.38	3.40	$469
Sep 2012	18	204	94.67	2.92	$2,299
Aug 2012	0	69	92.66	2.91	$201
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	2	316	79.82	2.52	$956
May 2012	5	6	91.61	2.49	$473
Apr 2012	27	23	101.65	2.00	$2,790
Mar 2012	2	23	105.05	2.22	$261
Feb 2012	28	69	101.10	2.57	$3,008
Jan 2012	7	21	98.09	2.73	$744
Dec 2011	16	296	96.87	3.24	$2,509
Nov 2011	0	4	95.72	3.31	$13
Oct 2011	21	151	84.98	3.65	$2,336
Sep 2011	0	70	83.62	3.99	$279
Aug 2011	0	155	83.40	4.15	$643
Jul 2011	0	94	94.14	4.52	$425
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	26	0	73.58	5.44	$1,913
Jan 2010	0	29	74.36	5.96	$173
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	4	0	67.42	3.22	$270
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	21	77	54.74	3.93	$1,452
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	19	274	42.14	4.06	$1,913
Feb 2009	0	61	32.81	4.63	$283
Jan 2009	3	238	35.86	5.37	$1,386
Dec 2008	0	134	37.10	5.98	$801
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	1	202	75.24	6.92	$1,473
Sep 2008	0	180	101.76	7.88	$1,418
Aug 2008	0	264	114.22	8.48	$2,240
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	83	131.33	13.03	$1,082
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	1	0	90.38	8.21	$90
Dec 2007	0	1	88.33	7.30	$7
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	1	1	82.85	6.92	$90
Sep 2007	1	0	75.84	6.24	$76
Aug 2007	0	1	69.06	6.39	$6
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	2	0	62.00	7.55	$124
May 2007	4	1	58.74	7.85	$243
Apr 2007	7	0	59.61	7.81	$417
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	18	1	55.10	8.22	$1,000
Jan 2007	0	388	50.30	6.73	$2,610
Dec 2006	43	767	56.65	6.92	$7,742
Nov 2006	42	1,802	54.20	7.62	$16,003
Oct 2006	0	2,811	54.90	6.01	$16,905
Sep 2006	42	1,890	60.08	5.04	$12,044
Aug 2006	43	1,846	68.71	7.34	$16,504
Jul 2006	2	1,041	69.37	6.34	$6,742
Jun 2006	43	2,644	66.28	6.38	$19,729
May 2006	45	1,496	66.01	6.42	$12,582
Apr 2006	3	2,280	64.39	7.36	$16,975
Mar 2006	38	2,791	56.70	7.08	$21,923
Feb 2006	40	1,797	57.59	7.75	$16,232
Jan 2006	43	2,571	60.59	8.93	$25,573
Dec 2005	0	2,770	54.94	13.42	$37,161
Nov 2005	46	2,884	54.69	10.59	$33,053
Oct 2005	0	1,953	58.34	13.80	$26,943
Sep 2005	51	1,431	61.45	12.08	$20,419
Aug 2005	56	2,120	61.51	9.80	$24,214
Jul 2005	2	3,099	55.69	7.84	$24,419
Jun 2005	59	2,980	52.33	7.38	$25,083
May 2005	62	3,197	45.22	6.65	$24,067
Apr 2005	0	2,774	49.20	7.36	$20,418
Mar 2005	129	3,083	50.37	7.15	$28,556
Feb 2005	61	2,893	45.22	6.31	$21,019
Jan 2005	0	3,401	43.16	6.32	$21,502
Dec 2004	36	3,401	39.86	6.75	$24,395
Nov 2004	10	3,352	45.28	6.33	$21,672
Oct 2004	15	2,383	49.70	6.52	$16,271
Sep 2004	14	2,232	43.24	5.28	$12,399
Aug 2004	0	3,447	42.37	5.55	$19,133
Jul 2004	24	3,285	38.28	6.08	$20,905
Jun 2004	36	3,132	36.10	6.43	$21,448
May 2004	1	3,195	37.48	6.49	$20,788
Apr 2004	39	3,284	34.47	5.86	$20,584
Mar 2004	2	3,474	34.36	5.53	$19,280
Feb 2004	36	3,316	32.45	5.51	$19,438
Jan 2004	32	3,610	32.03	6.30	$23,767
Dec 2003	42	3,736	30.26	6.30	$24,814
Nov 2003	29	3,625	28.80	4.60	$17,493
Oct 2003	32	4,080	28.17	4.76	$20,321
Sep 2003	31	3,869	26.31	4.75	$19,191
Aug 2003	1	4,074	29.76	5.13	$20,928
Jul 2003	37	3,695	29.41	5.17	$20,194
Jun 2003	29	3,822	28.56	5.98	$23,695
May 2003	33	4,185	26.59	5.97	$25,873
Apr 2003	35	3,399	26.67	5.41	$19,313
Mar 2003	82	4,266	31.14	6.10	$28,559
Feb 2003	37	3,329	33.48	7.93	$27,624
Jan 2003	38	3,828	30.31	5.58	$22,520
Dec 2002	37	3,126	26.91	4.85	$16,169
Nov 2002	35	3,854	24.66	4.14	$16,807
Oct 2002	32	4,041	26.46	4.23	$17,937
Sep 2002	0	3,466	27.44	3.64	$12,600
Aug 2002	26	4,199	25.96	3.16	$13,961
Jul 2002	31	4,166	24.58	3.06	$13,517
Jun 2002	28	4,126	23.73	3.34	$14,438
May 2002	28	4,208	24.66	3.58	$15,772
Apr 2002	25	4,179	23.65	3.51	$15,269
Mar 2002	27	4,490	22.00	3.10	$14,525
Feb 2002	49	4,247	18.22	2.38	$10,982
Jan 2002	24	4,749	17.17	2.38	$11,694
Dec 2001	25	4,685	16.93	2.36	$11,500
Nov 2001	50	4,797	18.07	2.41	$12,443
Oct 2001	49	4,680	19.78	2.53	$12,804
Sep 2001	52	4,360	24.26	2.25	$11,077
Aug 2001	53	4,495	24.87	3.05	$15,042
Jul 2001	105	5,042	23.93	3.20	$18,632
Jun 2001	64	4,698	24.56	3.82	$19,538
May 2001	106	4,910	25.52	4.31	$23,854
Apr 2001	52	4,792	24.68	5.34	$26,850
Mar 2001	47	4,995	24.54	5.38	$28,009
Feb 2001	89	4,680	27.75	5.77	$29,460
Jan 2001	45	5,460	27.47	8.40	$47,093
Dec 2000	91	5,278	26.88	9.12	$50,595
Nov 2000	40	5,199	32.21	5.66	$30,704
Oct 2000	34	5,436	31.23	5.15	$29,033
Sep 2000	34	5,615	31.87	5.19	$30,206
Aug 2000	31	5,654	29.64	4.54	$26,592
Jul 2000	32	6,263	28.53	4.09	$26,527
Jun 2000	86	5,773	29.30	4.40	$27,905
May 2000	57	6,376	27.26	3.68	$25,016
Apr 2000	109	7,245	24.51	3.12	$25,247
Mar 2000	58	6,103	28.42	2.86	$19,101
Feb 2000	116	5,849	27.62	2.73	$19,151
Jan 2000	56	6,337	25.27	2.48	$17,134
Dec 1999	105	6,826	24.28	2.42	$19,094
Nov 1999	58	6,284	23.19	2.43	$16,640
Oct 1999	48	6,590	20.98	2.80	$19,483
Sep 1999	44	7,030	21.75	2.62	$19,368
Aug 1999	42	6,845	19.26	2.88	$20,492
Jul 1999	49	6,942	17.89	2.37	$17,346
Jun 1999	47	7,410	15.94	2.36	$18,252
May 1999	45	7,734	15.79	2.32	$18,661
Apr 1999	86	7,503	15.10	2.21	$17,866
Mar 1999	42	7,583	12.47	1.84	$14,464
Feb 1999	84	6,803	9.98	1.82	$13,205
Jan 1999	76	7,691	10.38	1.90	$15,401
Dec 1998	42	7,333	9.20	1.77	$13,390
Nov 1998	69	7,566	10.89	2.19	$17,289
Oct 1998	36	7,647	12.42	1.97	$15,506
Sep 1998	33	6,733	12.59	2.08	$14,438
Aug 1998	36	8,034	11.30	1.91	$15,730
Jul 1998	70	7,919	11.74	2.24	$18,539
Jun 1998	73	8,066	11.24	2.24	$18,866
May 1998	78	8,576	12.62	2.21	$19,906
Apr 1998	38	8,355	13.04	2.51	$21,428
Mar 1998	122	8,611	12.80	2.31	$21,448
Feb 1998	122	8,023	13.95	2.30	$20,148
Jan 1998	82	8,880	14.70	2.15	$20,340
Dec 1997	121	9,099	16.32	2.41	$23,913
Nov 1997	128	9,108	18.19	3.09	$30,456
Oct 1997	98	9,284	19.25	3.15	$31,129
Sep 1997	151	9,410	17.74	2.95	$30,484
Aug 1997	154	10,022	17.86	2.55	$28,354
Jul 1997	156	10,320	17.58	2.25	$25,931
Jun 1997	174	10,410	17.24	2.26	$26,497
May 1997	241	10,933	18.97	2.31	$29,811
Apr 1997	242	11,537	17.88	2.08	$28,356
Mar 1997	174	12,447	18.95	1.94	$27,434
Feb 1997	184	11,668	20.49	2.21	$29,509
Jan 1997	97	13,477	23.48	3.54	$49,982
Dec 1996	186	13,837	23.32	—	$4,338
Nov 1996	179	13,869	21.97	—	$3,933
Oct 1996	159	14,388	23.31	—	$3,706
Sep 1996	92	14,637	22.22	—	$2,044
Aug 1996	211	16,226	20.26	—	$4,275
Jul 1996	83	17,634	19.55	—	$1,623
Jun 1996	180	17,877	18.73	—	$3,371
May 1996	249	21,325	19.43	—	$4,838
Apr 1996	231	24,318	21.51	—	$4,969
Mar 1996	213	29,696	19.38	—	$4,128
Feb 1996	111	6,471	16.98	—	$1,885

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.

Aug 2019 — as filed, then multipliedworked

Condensate             0 bbl  × $ 53.11 =         $0
Gas                  358 Mcf  × $  2.30 =       $825

────────────────────────────────────────────────────
Month total                                     $825

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/158088 is the state's own key, not one this site invented.