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 163050District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.9 M
Mar 1997 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
351
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 Gas111997-07-02136897
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
CondensateDisposition5,262 bbl$186,735
GasProduction633,751 Mcf$2,670,077
Total$2,856,812

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 32.0391, -94.3426. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.03914, -94.34255 · 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
9,575 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 9,575 ft.

Completions filed
Nov 2019
1 of 1 wells

1 well

42-3653361089,575 ftNov 2019

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 (351)

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

351 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 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 201903655.302.75$99
Oct 201906753.472.42$162
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 201403470.464.25$145
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20131091.824.35$92
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20132094.403.93$189
May 201305394.834.15$220
Apr 201303893.964.28$163
Mar 2013713393.623.91$1,176
Feb 2013015591.233.42$530
Jan 2013017691.603.42$602
Dec 2012018386.773.42$626
Nov 20121217186.953.62$1,663
Oct 2012018089.383.40$612
Sep 2012719194.672.92$1,220
Aug 2012018592.662.91$538
Jul 201209685.133.02$290
Jun 201201779.822.52$43
May 20120091.612.49$0
Apr 2012811101.652.00$835
Mar 20120233105.052.22$518
Feb 201210214101.102.57$1,561
Jan 2012126798.092.73$828
Dec 2011928296.873.24$1,785
Nov 2011028195.723.31$930
Oct 20111031984.983.65$2,014
Sep 2011023283.623.99$925
Aug 2011016283.404.15$672
Jul 2011020594.144.52$926
Jun 20111939892.904.64$3,612
May 2011242,48898.134.40$13,314
Apr 2011272,206105.964.33$12,420
Mar 2011252,47996.364.06$12,467
Feb 2011232,40485.644.18$12,018
Jan 2011202,91686.504.59$15,111
Dec 201023,34185.734.35$14,697
Nov 201073,02780.843.80$12,054
Oct 201003,53678.103.51$12,407
Sep 20101372.633.98$85
Aug 20101671373.684.42$4,330
Jul 2010152,72872.554.74$14,009
Jun 201012,90370.364.91$14,325
May 2010322,87171.124.24$14,435
Apr 2010192,95581.694.12$13,735
Mar 2010163,25578.394.39$15,539
Feb 2010512,98573.585.44$19,998
Jan 2010363,22374.365.96$21,899
Dec 2009243,20371.445.48$19,279
Nov 2009133,26474.593.75$13,215
Oct 200903,42872.544.11$14,090
Sep 2009163,50565.543.06$11,791
Aug 2009123,59967.423.22$12,392
Jul 2009068761.133.46$2,380
Jun 2009017166.163.90$666
May 20095821854.743.93$4,031
Apr 2009127846.773.59$1,044
Mar 20094180242.144.06$4,983
Feb 200901,14332.814.63$5,296
Jan 2009331,75235.865.37$10,593
Dec 200801,44837.105.98$8,655
Nov 200813,54355.496.86$24,362
Oct 20081412975.246.92$1,946
Sep 200802,170101.767.88$17,093
Aug 200828434114.228.48$6,880
Jul 200815528131.0811.39$7,980
Jun 200827637131.3313.03$11,848
May 2008243,035123.1711.57$38,084
Apr 2008122,967110.3110.45$32,343
Mar 2008392,911101.909.66$32,106
Feb 2008562,96592.538.77$31,186
Jan 2008313,27590.388.21$29,676
Dec 2007632,61188.337.30$24,630
Nov 2007212,84591.677.29$22,670
Oct 2007392,41382.856.92$19,934
Sep 2007383,39975.846.24$24,106
Aug 2007613,53969.066.39$26,820
Jul 2007303,51770.906.39$24,593
Jun 2007113,58062.007.55$27,705
May 200754,57058.747.85$36,151
Apr 200715,33159.617.81$41,669
Mar 2007063856.927.30$4,659
Feb 20071055.108.22$55
Jan 20070050.306.73$0
Dec 2006622556.656.92$1,897
Nov 2006681654.207.62$6,541
Oct 200603,13554.906.01$18,853
Sep 200644,06460.085.04$20,712
Aug 20065068.717.34$344
Jul 20060069.376.34$0
Jun 2006101,86366.286.38$12,556
May 200692,42866.016.42$16,194
Apr 200624,12064.397.36$30,454
Mar 20064056.707.08$227
Feb 200691,68657.597.75$13,587
Jan 2006161,83260.598.93$17,335
Dec 200503,18354.9413.42$42,701
Nov 200584,07854.6910.59$43,617
Oct 200501,19458.3413.80$16,472
Sep 20051520161.4512.08$3,350
Aug 2005123,48561.519.80$34,880
Jul 200512,22955.697.84$17,539
Jun 2005132,10452.337.38$16,210
May 2005112,44045.226.65$16,726
Apr 200503,23049.207.36$23,774
Mar 2005212,88950.377.15$21,728
Feb 2005112,92145.226.31$18,935
Jan 200503,40343.166.32$21,514
Dec 2004153,61939.866.75$25,030
Nov 2004193,41345.286.33$22,466
Oct 2004124,16449.706.52$27,725
Sep 200485,16843.245.28$27,653
Aug 200405,78542.375.55$32,111
Jul 20041117438.286.08$1,480
Jun 20041014936.106.43$1,320
May 2004113037.486.49$882
Apr 2004726834.475.86$1,811
Mar 2004123934.365.53$1,356
Feb 20044415932.455.51$2,304
Jan 2004562,65632.036.30$18,526
Dec 2003245,34130.266.30$34,383
Nov 20034140028.804.60$3,019
Oct 2003372,66728.174.76$13,736
Sep 2003373,12726.314.75$15,825
Aug 2003150129.765.13$2,600
Jul 2003441,09029.415.17$6,930
Jun 2003353,39928.565.98$21,336
May 2003413,28526.595.97$20,710
Apr 2003483,16526.675.41$18,394
Mar 2003463,20131.146.10$20,946
Feb 2003423,02533.487.93$25,382
Jan 2003463,34330.315.58$20,055
Dec 2002503,22626.914.85$17,004
Nov 2002483,73624.664.14$16,639
Oct 2002423,46026.464.23$15,744
Sep 200213,80327.443.64$13,852
Aug 2002363,53025.963.16$12,104
Jul 2002433,33324.583.06$11,262
Jun 2002413,36823.733.34$12,216
May 2002393,72624.663.58$14,316
Apr 2002353,32123.653.51$12,492
Mar 2002413,80122.003.10$12,695
Feb 2002743,87718.222.38$10,559
Jan 2002394,14817.172.38$10,524
Dec 2001394,22316.932.36$10,645
Nov 2001824,23518.072.41$11,669
Oct 2001264,33819.782.53$11,485
Sep 2001324,82224.262.25$11,632
Aug 2001355,29024.873.05$17,022
Jul 2001653,98623.933.20$14,299
Jun 2001594,96224.563.82$20,425
May 20014494325.524.31$5,185
Apr 2001303,13524.685.34$17,467
Mar 2001314,94324.545.38$27,336
Feb 2001504,89127.755.77$29,594
Jan 2001295,68927.478.40$48,577
Dec 2000585,39926.889.12$50,811
Nov 2000243,16632.215.66$18,686
Oct 2000281,00131.235.15$6,025
Sep 2000253,74331.875.19$20,210
Aug 2000292,08729.644.54$10,336
Jul 2000324,90328.534.09$20,965
Jun 2000605,42029.304.40$25,591
May 2000285,67027.263.68$21,627
Apr 2000515,45524.513.12$18,248
Mar 2000274,36928.422.86$13,262
Feb 2000504,11127.622.73$12,590
Jan 2000254,84525.272.48$12,650
Dec 1999513,84924.282.42$10,567
Nov 1999303,76823.192.43$9,867
Oct 1999264,65220.982.80$13,588
Sep 1999214,52921.752.62$12,318
Aug 1999204,68919.262.88$13,869
Jul 1999245,20017.892.37$12,766
Jun 1999244,60715.942.36$11,265
May 1999245,41215.792.32$12,940
Apr 1999565,35715.102.21$12,674
Mar 1999306,03212.471.84$11,463
Feb 1999636,1899.981.82$11,879
Jan 1999545,90810.381.90$11,785
Dec 1998305,2509.201.77$9,586
Nov 1998795,07610.892.19$11,955
Oct 1998346,17512.421.97$12,582
Sep 1998315,71112.592.08$12,284
Aug 1998345,87811.301.91$11,596
Jul 1998686,83711.742.24$16,095
Jun 1998387,56811.242.24$17,359
May 1998376,20612.622.21$14,159
Apr 1998231,75913.042.51$4,707
Mar 1998805,67912.802.31$14,139
Feb 1998697,07313.952.30$17,224
Jan 1998467,05914.702.15$15,887
Dec 1997737,02116.322.41$18,120
Nov 1997838,12318.193.09$26,596
Oct 19977010,07719.253.15$33,088
Sep 199710210,89117.742.95$33,991
Aug 199710712,62117.862.55$34,154
Jul 199711214,20817.582.25$33,893
Jun 199712315,71617.242.26$37,595
May 199715119,96718.972.31$48,958
Apr 19979622,82817.882.08$49,262
Mar 19970018.951.94$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.

Nov 2019 — as filed, then multipliedworked
Condensate             0 bbl  × $ 55.30 =         $0
Gas                   36 Mcf  × $  2.75 =        $99

────────────────────────────────────────────────────
Month total                                      $99

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/163050 is the state's own key, not one this site invented.