YOUNG, MALCOLM

Operated by VERADO ENERGY, INC. (P-5 884563) 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 160416District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.8 M
Aug 1996 – Oct 2020
Value, last 12 filed months
$32 k
at the published price for each month
Months reported
291
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 Gas222001-09-12 – 2002-05-282 dockets
NGPA3none

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
CondensateDisposition3,284 bbl$129,764
GasProduction933,843 Mcf$3,625,642
Total$3,755,406

59,400 Mcf of this lease's gas, across 5 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 32.3500, -94.5724. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.34998, -94.57239 · 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
100.0%
1 of 1 wells
Median depth
10,593 ft
1 wells filed one
Completion to plug
19.0 years
median over 1 well

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 10,593 ft.

Completions filed
Oct 2001
1 of 1 wells
Plug dates filed
Oct 2020
1 of 1 wells

Last completion to plug: a median of 19.0 years across the 1 well that filed both dates, with the middle half between 19.0 years and 19.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-40132639110,593 ftOct 2001Oct 2020Yes

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 (291)

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

291 months

Oct 2020036536.972.48$905
Sep 202011097337.091.99$6,017
Aug 2020093639.982.39$2,232
Jul 2020098038.371.83$1,789
Jun 202001,36334.901.69$2,304
May 2020099616.921.81$1,807
Apr 2020175114.751.80$1,370
Mar 202021,59430.341.86$3,020
Feb 202021,65249.881.98$3,372
Jan 2020062257.252.09$1,303
Dec 201911,94059.012.30$4,529
Nov 201911,05455.302.75$2,955
Oct 201911,36453.472.42$3,352
Sep 201911,09755.052.66$2,970
Aug 201931,25053.112.30$3,040
Jul 201921,46356.272.46$3,712
Jun 201921,95252.782.49$4,968
May 201951,64458.482.74$4,797
Apr 201901,66662.632.75$4,583
Mar 201911,86156.803.06$5,755
Feb 201912,11550.852.79$5,956
Jan 20191871,99646.033.23$15,051
Dec 201801,93946.594.19$8,116
Nov 201802,02152.934.24$8,563
Oct 201801,98361.443.40$6,738
Sep 201801,36559.543.11$4,242
Aug 201812,09559.403.07$6,484
Jul 201812,02565.142.93$6,002
Jun 201802,17660.183.08$6,695
May 201801,65565.382.90$4,801
Apr 201811,79163.842.90$5,259
Mar 201812,07061.222.79$5,830
Feb 201801,24661.782.77$3,447
Jan 201811,78762.874.01$7,228
Dec 201701,59057.272.92$4,645
Nov 201701,99155.423.12$6,209
Oct 201712,25449.292.98$6,775
Sep 201711,69347.523.09$5,274
Aug 201701,99345.373.00$5,988
Jul 201712,02643.873.09$6,299
Jun 201701,88142.493.09$5,807
May 201712,15645.373.26$7,081
Apr 201712,14547.933.21$6,937
Mar 20171822,10446.772.98$14,790
Feb 201711,79150.452.95$5,339
Jan 201701,82449.413.42$6,236
Dec 201631,90448.763.72$7,235
Nov 201612,02442.492.64$5,395
Oct 201612,05746.193.09$6,403
Sep 201611,84541.553.10$5,762
Aug 201612,02841.442.92$5,972
Jul 201611,99341.622.92$5,870
Jun 201611,85945.352.69$5,038
May 201602,13142.521.99$4,243
Apr 201611,88736.561.99$3,794
Mar 201611,90933.011.79$3,458
Feb 201611,99526.472.06$4,143
Jan 2016122,17027.352.36$5,459
Dec 201502,20532.362.00$4,413
Nov 201511,93138.792.17$4,224
Oct 201552,35843.552.43$5,940
Sep 2015102,19042.992.76$6,471
Aug 2015302,54640.162.87$8,518
Jul 2015142,48848.152.95$8,001
Jun 201522,14856.152.88$6,305
May 201552,30255.212.96$7,080
Apr 201552,25749.822.71$6,358
Mar 201512,42542.892.93$7,160
Feb 201522,06544.662.98$6,235
Jan 201522,40143.433.10$7,531
Dec 20141812,45954.693.59$18,730
Nov 201452,24770.464.25$9,906
Oct 201412,43778.303.90$9,585
Sep 201492,50986.164.05$10,925
Aug 201412,73389.394.04$11,117
Jul 201442,63496.564.18$11,395
Jun 201452,78498.164.74$13,678
May 201432,78394.734.73$13,438
Apr 201412,61595.944.81$12,672
Mar 201492,55295.895.06$13,768
Feb 201422,54897.406.19$15,972
Jan 201422,70290.404.86$13,314
Dec 201312,43291.824.35$10,682
Nov 201322,63788.853.74$10,036
Oct 201321,58397.423.78$6,178
Sep 20132638104.113.72$2,580
Aug 201311,846104.253.52$6,607
Jul 201322,037102.523.72$7,778
Jun 2013261394.403.93$2,600
May 201351,48294.834.15$6,623
Apr 201361,48893.964.28$6,936
Mar 201321,62593.623.91$6,546
Feb 201301,08091.233.42$3,694
Jan 2013193691.603.42$3,293
Dec 201231,41686.773.42$5,103
Nov 201211,25586.953.62$4,636
Oct 201231,60689.383.40$5,728
Sep 201201,41994.672.92$4,141
Aug 201231,20492.662.91$3,779
Jul 2012192285.133.02$2,870
Jun 2012088879.822.52$2,237
May 201211,04891.612.49$2,699
Apr 201221,353101.652.00$2,905
Mar 201201,246105.052.22$2,769
Feb 201241,446101.102.57$4,121
Jan 201221,58098.092.73$4,516
Dec 201111,38596.873.24$4,584
Nov 2011088295.723.31$2,921
Oct 2011068784.983.65$2,507
Sep 2011062783.623.99$2,499
Aug 2011068983.404.15$2,859
Jul 2011087094.144.52$3,930
Jun 2011193192.904.64$4,413
May 2011067498.134.40$2,969
Apr 20110810105.964.33$3,510
Mar 2011022696.364.06$917
Feb 2011045785.644.18$1,910
Jan 2011068686.504.59$3,148
Dec 201081,15585.734.35$5,707
Nov 201001,36980.843.80$5,196
Oct 201001,31778.103.51$4,621
Sep 20101892,02172.633.98$21,770
Aug 201011,80373.684.42$8,042
Jul 201022,02472.554.74$9,732
Jun 201031,83370.364.91$9,212
May 201001,37671.124.24$5,828
Apr 201011,72881.694.12$7,206
Mar 201001,76278.394.39$7,733
Feb 2010096073.585.44$5,225
Jan 2010060374.365.96$3,596
Dec 200901,09971.445.48$6,027
Nov 200901,71374.593.75$6,426
Oct 200901,64172.544.11$6,745
Sep 200901,79265.543.06$5,492
Aug 200902,06667.423.22$6,649
Jul 200901,50461.133.46$5,211
Jun 200901,73166.163.90$6,742
May 200902,06054.743.93$8,087
Apr 200902,13346.773.59$7,652
Mar 200902,01942.144.06$8,195
Feb 200902,15532.814.63$9,984
Jan 200902,30035.865.37$12,353
Dec 200802,18937.105.98$13,084
Nov 200802,32755.496.86$15,964
Oct 200802,49875.246.92$17,291
Sep 200802,708101.767.88$21,331
Aug 200802,708114.228.48$22,972
Jul 200803,183131.0811.39$36,253
Jun 200802,435131.3313.03$31,734
May 200802,166123.1711.57$25,070
Apr 200802,462110.3110.45$25,740
Mar 200802,282101.909.66$22,053
Feb 200801,54892.538.77$13,577
Jan 200801,42690.388.21$11,701
Dec 20071801,69688.337.30$28,284
Nov 200712,03591.677.29$14,930
Oct 200711,81182.856.92$12,619
Sep 200701,65675.846.24$10,340
Aug 200701,63169.066.39$10,419
Jul 200701,72970.906.39$11,045
Jun 200701,99862.007.55$15,082
May 200701,93458.747.85$15,175
Apr 200702,16559.617.81$16,898
Mar 200702,01756.927.30$14,728
Feb 200702,16555.108.22$17,788
Jan 200702,15450.306.73$14,490
Dec 200622,59256.656.92$18,046
Nov 200693,26154.207.62$25,328
Oct 200612,45854.906.01$14,837
Sep 200611,90160.085.04$9,636
Aug 200602,21668.717.34$16,265
Jul 20061762,84869.376.34$30,273
Jun 200602,60466.286.38$16,624
May 200613,06366.016.42$19,746
Apr 200603,46864.397.36$25,526
Mar 200602,64056.707.08$18,699
Feb 200602,10857.597.75$16,339
Jan 200603,09060.598.93$27,604
Dec 200513,34854.9413.42$44,970
Nov 200502,44554.6910.59$25,889
Oct 200512,69958.3413.80$37,293
Sep 200512,93561.4512.08$35,513
Aug 200513,18561.519.80$31,264
Jul 200532,96755.697.84$23,439
Jun 200502,81852.337.38$20,800
May 200502,36545.226.65$15,730
Apr 200503,13549.207.36$23,075
Mar 200503,75350.377.15$26,852
Feb 200503,45045.226.31$21,776
Jan 200503,96243.166.32$25,049
Dec 200404,53239.866.75$30,596
Nov 200406,03445.286.33$38,198
Oct 200405,78449.706.52$37,683
Sep 200413,21943.245.28$17,052
Aug 200403,63542.375.55$20,177
Jul 200404,97138.286.08$30,244
Jun 200405,61136.106.43$36,096
May 200426,95037.486.49$45,212
Apr 200405,50134.475.86$32,227
Mar 200466,30934.365.53$35,096
Feb 200405,67932.455.51$31,289
Jan 200426,08032.036.30$38,366
Dec 20032686,12230.266.30$46,688
Nov 200366,06328.804.60$28,033
Oct 200326,52328.174.76$31,103
Sep 200366,70526.314.75$32,002
Aug 2003115,63829.765.13$29,249
Jul 2003114,45229.415.17$23,344
Jun 200302,56028.565.98$15,316
May 200322,63326.595.97$15,779
Apr 2003025,68026.675.41$138,859
Mar 2003133,11831.146.10$19,412
Feb 200303,16633.487.93$25,093
Jan 2003142,97730.315.58$17,042
Dec 200283,50326.914.85$17,218
Nov 2002143,75724.664.14$15,888
Oct 200283,94126.464.23$16,879
Sep 200203,47627.443.64$12,636
Aug 200203,57125.963.16$11,299
Jul 200204,32924.583.06$13,254
Jun 200204,53823.733.34$15,149
May 200203,54924.663.58$12,720
Apr 200236,02223.653.51$21,222
Mar 200237,63922.003.10$23,768
Feb 200209,82118.222.38$23,332
Jan 2002015,98117.172.38$37,966
Dec 2001820,13616.932.36$47,745
Nov 2001420,93418.072.41$50,429
Oct 2001960619.782.53$1,711
Sep 200102,19224.262.25$4,935
Aug 200112,34724.873.05$7,191
Jul 200102,51223.933.20$8,031
Jun 200101,47624.563.82$5,644
May 200101,36225.524.31$5,867
Apr 200131,84424.685.34$9,912
Mar 20011991,76824.545.38$14,389
Feb 200121,67527.755.77$9,715
Jan 200152,13727.478.40$18,086
Dec 2000821,93526.889.12$19,856
Nov 200021,90832.215.66$10,860
Oct 200032,18031.235.15$11,311
Sep 200033,38231.875.19$17,636
Aug 200022,05629.644.54$9,395
Jul 200001,76328.534.09$7,210
Jun 200022,03029.304.40$8,985
May 200002,28627.263.68$8,412
Apr 200013,04624.513.12$9,516
Mar 200003,49928.422.86$10,006
Feb 20001873,40827.622.73$14,457
Jan 200013,53325.272.48$8,789
Dec 199934,11624.282.42$10,049
Nov 199903,89123.192.43$9,471
Oct 199944,11920.982.80$11,632
Sep 199904,04621.752.62$10,596
Aug 199913,05919.262.88$8,816
Jul 199903,73317.892.37$8,856
Jun 199903,78915.942.36$8,950
May 199905,18815.792.32$12,041
Apr 199914,15715.102.21$9,194
Mar 19991974,84412.471.84$11,361
Feb 199905,2069.981.82$9,463
Jan 199936,53110.381.90$12,440
Dec 199846,8869.201.77$12,248
Nov 199857,85510.892.19$17,223
Oct 19983710,61812.421.97$21,369
Sep 1998109,17912.592.08$19,242
Aug 1998204,05311.301.91$7,956
Jul 1998189411.742.24$2,012
Jun 199812,28611.242.24$5,126
May 199804,45512.622.21$9,829
Apr 19981524,63713.042.51$13,599
Mar 199804,83812.802.31$11,173
Feb 199804,32013.952.30$9,932
Jan 199805,21314.702.15$11,233
Dec 199706,15516.322.41$14,840
Nov 199707,63818.193.09$23,588
Oct 199704,57119.253.15$14,398
Sep 1997897,30317.742.95$23,158
Aug 199702,83117.862.55$7,232
Jul 199707,98417.582.25$17,940
Jun 199717,44417.242.26$16,820
May 199719311,89818.972.31$31,128
Apr 1997111,84317.882.08$24,684
Mar 199719,23518.951.94$17,927
Feb 199728,60520.492.21$19,023
Jan 1997010,48123.483.54$37,100
Dec 1996011,85823.32$0
Nov 199619612,11621.97$4,306
Oct 1996016,25823.31$0
Sep 1996017,89922.22$0
Aug 199601,26920.26$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.

Oct 2020 — as filed, then multipliedworked
Condensate             0 bbl  × $ 36.97 =         $0
Gas                  365 Mcf  × $  2.48 =       $905

────────────────────────────────────────────────────
Month total                                     $905

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/160416 is the state's own key, not one this site invented.