PANOLA 2 UNIT

Operated by CR2 ENERGY LLC (P-5 101608) 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 160311District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.2 M
Sep 1996 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
357
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 Gas111996-12-23135931
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
CondensateDisposition11,297 bbl$399,511
GasProduction1,046,679 Mcf$3,800,236
Total$4,199,748

123,475 Mcf of this lease's gas, across 4 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 32.0227, -94.3289. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.02267, -94.32888 · 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
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
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 9,650 ft.

Completions filed
Sep 1996
1 of 1 wells

1 well

42-3653346279,650 ftSep 1996

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 (357)

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

357 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 20240069.052.20$0
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 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
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 20215060.362.76$302
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200644.642.68$16
Nov 20206038.772.71$233
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 202032039.982.39$1,279
Jul 2020155338.371.83$1,048
Jun 202011,27534.901.69$2,190
May 202021,29516.921.81$2,384
Apr 20201995214.751.80$1,998
Mar 202011,30330.341.86$2,449
Feb 20203365649.881.98$2,945
Jan 2020395057.252.09$2,162
Dec 2019211,10459.012.30$3,783
Nov 201901,14955.302.75$3,161
Oct 2019221,43953.472.42$4,657
Sep 201901,03955.052.66$2,761
Aug 201901,09853.112.30$2,530
Jul 201901,07756.272.46$2,649
Jun 20192495252.782.49$3,638
May 2019194158.482.74$2,637
Apr 20192597562.632.75$4,248
Mar 201901,02356.803.06$3,133
Feb 20192694850.852.79$3,969
Jan 2019251,05146.033.23$4,544
Dec 201801,06346.594.19$4,449
Nov 2018241,09152.934.24$5,893
Oct 201801,09161.443.40$3,707
Sep 201801,20259.543.11$3,736
Aug 2018211,19159.403.07$4,900
Jul 2018191,19465.142.93$4,738
Jun 201801,15660.183.08$3,557
May 2018211,20665.382.90$4,871
Apr 201801,13763.842.90$3,298
Mar 2018191,16361.222.79$4,404
Feb 201801,07861.782.77$2,982
Jan 2018191,30162.874.01$6,411
Dec 2017131,28357.272.92$4,493
Nov 201701,25055.423.12$3,898
Oct 201701,25549.292.98$3,745
Sep 201701,16547.523.09$3,597
Aug 201701,16545.373.00$3,500
Jul 201701,28343.873.09$3,961
Jun 201711,20142.493.09$3,750
May 201701945.373.26$62
Apr 201723947.933.21$221
Mar 201754946.772.98$380
Feb 201765250.452.95$456
Jan 201705749.413.42$195
Dec 201669448.763.72$643
Nov 2016615142.492.64$654
Oct 2016018346.193.09$566
Sep 2016620241.553.10$876
Aug 2016322741.442.92$788
Jul 2016022141.622.92$646
Jun 2016114845.352.69$443
May 2016017642.521.99$350
Apr 2016016736.561.99$333
Mar 2016317033.011.79$404
Feb 2016019826.472.06$409
Jan 2016029327.352.36$693
Dec 2015024132.362.00$482
Nov 2015022338.792.17$483
Oct 2015022143.552.43$536
Sep 2015024042.992.76$662
Aug 2015022540.162.87$646
Jul 2015019148.152.95$563
Jun 2015037856.152.88$1,090
May 2015024455.212.96$721
Apr 2015023849.822.71$644
Mar 2015021142.892.93$619
Feb 201504544.662.98$134
Jan 20150043.433.10$0
Dec 2014013054.693.59$467
Nov 2014026770.464.25$1,135
Oct 2014032078.303.90$1,248
Sep 2014037686.164.05$1,521
Aug 2014034689.394.04$1,396
Jul 2014032896.564.18$1,371
Jun 2014336398.164.74$2,014
May 2014033794.734.73$1,593
Apr 20141526495.944.81$2,709
Mar 201432295.895.06$399
Feb 201498697.406.19$1,409
Jan 20141223690.404.86$2,232
Dec 20131243091.824.35$2,974
Nov 20131164288.853.74$3,377
Oct 2013111,37797.423.78$6,276
Sep 2013111,253104.113.72$5,804
Aug 201301,853104.253.52$6,527
Jul 2013111,891102.523.72$8,158
Jun 2013131,66294.403.93$7,765
May 2013291,72594.834.15$9,907
Apr 201301,60193.964.28$6,856
Mar 2013331,83193.623.91$10,254
Feb 2013161,81791.233.42$7,674
Jan 2013182,03091.603.42$8,591
Dec 2012162,16786.773.42$8,800
Nov 2012191,51086.953.62$7,126
Oct 2012181,55089.383.40$6,878
Sep 2012191,65594.672.92$6,629
Aug 2012191,18792.662.91$5,213
Jul 2012151,72285.133.02$6,479
Jun 201292,35279.822.52$6,643
May 201221,69791.612.49$4,406
Apr 20121202101.652.00$505
Mar 2012182,099105.052.22$6,555
Feb 2012131,781101.102.57$5,892
Jan 2012121,83098.092.73$6,180
Dec 2011261,75796.873.24$8,211
Nov 201111,67395.723.31$5,635
Oct 2011161,80384.983.65$7,938
Sep 2011162,03883.623.99$9,461
Aug 2011151,33583.404.15$6,790
Jul 2011231,89594.144.52$10,725
Jun 2011241,92292.904.64$11,147
May 2011271,98698.134.40$11,397
Apr 2011491,712105.964.33$12,611
Mar 2011251,78796.364.06$9,659
Feb 2011511,87385.644.18$12,197
Jan 2011262,15386.504.59$12,129
Dec 2010372,10785.734.35$12,333
Nov 2010142,28980.843.80$9,819
Oct 2010262,33878.103.51$10,234
Sep 2010152,20872.633.98$9,876
Aug 2010132,17273.684.42$10,557
Jul 2010272,44772.554.74$13,549
Jun 2010142,04270.364.91$11,012
May 2010172,03771.124.24$9,836
Apr 201091,09481.694.12$5,245
Mar 20101187478.394.39$4,698
Feb 2010242173.585.44$1,880
Jan 2010251,55374.365.96$11,121
Dec 2009322,36371.445.48$15,244
Nov 2009292,44874.593.75$11,347
Oct 2009382,54572.544.11$13,217
Sep 2009281,93365.543.06$7,759
Aug 2009402,09567.423.22$9,440
Jul 2009262,13961.133.46$9,000
Jun 2009281,99366.163.90$9,615
May 2009272,30054.743.93$10,507
Apr 2009432,09146.773.59$9,513
Mar 20093042.144.06$126
Feb 2009601,77032.814.63$10,169
Jan 2009952,28135.865.37$15,658
Dec 20081032,30637.105.98$17,605
Nov 2008592,23055.496.86$18,573
Oct 2008262,69675.246.92$20,618
Sep 2008272,258101.767.88$20,534
Aug 2008292,583114.228.48$25,224
Jul 2008252,499131.0811.39$31,739
Jun 2008252,520131.3313.03$36,125
May 2008542,768123.1711.57$38,689
Apr 2008302,794110.3110.45$32,520
Mar 2008302,873101.909.66$30,822
Feb 2008602,84092.538.77$30,460
Jan 2008313,01390.388.21$27,526
Dec 2007432,91888.337.30$25,105
Nov 2007272,87691.677.29$23,446
Oct 2007143,02682.856.92$22,106
Sep 2007262,93975.846.24$20,323
Aug 2007292,91569.066.39$20,624
Jul 2007302,87870.906.39$20,511
Jun 2007221,92562.007.55$15,895
May 2007582,58958.747.85$23,721
Apr 2007822,84459.617.81$27,086
Mar 2007952,90656.927.30$26,627
Feb 20071043,56855.108.22$35,045
Jan 20071084,38950.306.73$34,957
Dec 2006664,52256.656.92$35,024
Nov 2006193,39054.207.62$26,853
Oct 200602,56254.906.01$15,407
Sep 2006332,76860.085.04$15,926
Aug 200602,84668.717.34$20,889
Jul 2006262,94069.376.34$20,451
Jun 200602,94966.286.38$18,826
May 2006283,04766.016.42$21,425
Apr 200603,01764.397.36$22,207
Mar 2006293,08256.707.08$23,474
Feb 200602,68757.597.75$20,827
Jan 2006202,58260.598.93$24,278
Dec 200502,57854.9413.42$34,585
Nov 2005512,69354.6910.59$31,304
Oct 200502,75758.3413.80$38,035
Sep 2005522,77261.4512.08$36,678
Aug 200503,16161.519.80$30,968
Jul 2005663,28955.697.84$29,473
Jun 200503,12652.337.38$23,073
May 2005253,49645.226.65$24,383
Apr 200503,29549.207.36$24,253
Mar 200503,35750.377.15$24,019
Feb 2005233,37645.226.31$22,349
Jan 2005323,77043.166.32$25,216
Dec 200403,82739.866.75$25,836
Nov 2004513,61345.286.33$25,181
Oct 200403,42849.706.52$22,334
Sep 200403,43143.245.28$18,129
Aug 2004453,78642.375.55$22,921
Jul 200403,87838.286.08$23,594
Jun 2004393,73036.106.43$25,403
May 200403,85437.486.49$25,030
Apr 2004353,77434.475.86$23,316
Mar 2004373,91934.365.53$22,944
Feb 200403,67832.455.51$20,264
Jan 2004403,95632.036.30$26,203
Dec 2003483,97030.266.30$26,470
Nov 200303,92728.804.60$18,045
Oct 2003464,10028.174.76$20,810
Sep 2003484,09526.314.75$20,712
Aug 200304,24729.765.13$21,786
Jul 2003474,21229.415.17$23,162
Jun 2003454,06228.565.98$25,588
May 200304,10826.595.97$24,536
Apr 2003474,22726.675.41$24,110
Mar 2003464,39531.146.10$28,225
Feb 2003464,00333.487.93$33,267
Jan 2003494,52630.315.58$26,750
Dec 2002514,68126.914.85$24,093
Nov 2002624,74724.664.14$21,167
Oct 200204,71426.464.23$19,936
Sep 2002774,83227.443.64$19,678
Aug 2002705,00325.963.16$17,647
Jul 2002555,45924.583.06$18,066
Jun 200203,85623.733.34$12,872
May 200203,96824.663.58$14,221
Apr 2002563,80623.653.51$14,692
Mar 2002604,10922.003.10$14,069
Feb 2002582,35718.222.38$6,656
Jan 200203,77017.172.38$8,956
Dec 2001624,73016.932.36$12,233
Nov 2001434,72418.072.41$12,141
Oct 2001384,95019.782.53$13,270
Sep 2001374,78524.262.25$11,670
Aug 200104,90324.873.05$14,970
Jul 2001355,56623.933.20$18,633
Jun 2001364,94024.563.82$19,776
May 2001365,10225.524.31$22,895
Apr 2001364,95924.685.34$27,346
Mar 2001365,36724.545.38$29,739
Feb 2001374,86927.755.77$29,107
Jan 2001385,39827.478.40$46,380
Dec 2000375,55526.889.12$51,670
Nov 2000375,49232.215.66$32,266
Oct 2000425,82431.235.15$31,279
Sep 2000375,83931.875.19$31,463
Aug 2000375,89829.644.54$27,878
Jul 2000346,68928.534.09$28,326
Jun 2000275,73929.304.40$26,027
May 2000215,26927.263.68$19,961
Apr 2000215,68024.513.12$18,214
Mar 2000404,66228.422.86$14,469
Feb 2000186,41427.622.73$17,985
Jan 2000326,16925.272.48$16,111
Dec 199907,56324.282.42$18,331
Nov 1999175,81723.192.43$14,553
Oct 199906,23020.982.80$17,467
Sep 1999176,77521.752.62$18,112
Aug 1999186,37219.262.88$18,670
Jul 199906,89317.892.37$16,353
Jun 1999266,64515.942.36$16,111
May 1999588,33115.792.32$20,252
Apr 199906,85515.102.21$15,136
Mar 1999917,86612.471.84$15,595
Feb 1999915,5929.981.82$11,073
Jan 1999896,96410.381.90$14,155
Dec 19981027,9039.201.77$14,953
Nov 1998837,66010.892.19$17,646
Oct 1998977,74212.421.97$16,450
Sep 1998827,00112.592.08$15,613
Aug 199808,60811.301.91$16,418
Jul 1998968,66811.742.24$20,520
Jun 1998938,21611.242.24$19,427
May 19981769,15112.622.21$22,411
Apr 1998838,69413.042.51$22,864
Mar 1998869,14812.802.31$22,228
Feb 1998838,58913.952.30$20,905
Jan 1998959,73614.702.15$22,376
Dec 199718810,14116.322.41$27,519
Nov 199710710,11618.193.09$33,187
Oct 199724810,98619.253.15$39,378
Sep 199713811,87317.742.95$37,531
Aug 199726612,77817.862.55$37,395
Jul 199712713,78817.582.25$33,213
Jun 199727014,24817.242.26$36,815
May 199730314,75518.972.31$39,810
Apr 199734814,80517.882.08$37,058
Mar 199718418,22718.951.94$38,832
Feb 199733116,21820.492.21$42,557
Jan 199755820,28723.483.54$84,912
Dec 199636123,57323.32$8,419
Nov 199647426,63721.97$10,414
Oct 199642336,60423.31$9,860
Sep 199613636,66122.22$3,022

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.

Apr 2021 — as filed, then multipliedworked
Condensate             5 bbl  × $ 60.36 =       $302
Gas                    0 Mcf  × $  2.76 =         $0

────────────────────────────────────────────────────
Month total                                     $302

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/160311 is the state's own key, not one this site invented.