GRAVES ESTATE

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) 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 165104District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.9 M
Oct 1996 – May 2026
Value, last 12 filed months
$50 k
at the published price for each month
Months reported
356
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 Gas111997-11-12136640
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
CondensateDisposition11,008 bbl$439,321
GasProduction1,404,649 Mcf$5,480,716
Total$5,920,036

51,959 Mcf of this lease's gas, across 3 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 32.0532, -94.3895. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.05322, -94.38952 · 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
Oct 1996
1 of 1 wells

1 well

42-3653343449,650 ftOct 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 (356)

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

356 months

May 20260132106.413.05$402
Apr 2026054998.932.87$1,575
Mar 2026059489.753.15$1,871
Feb 202601,15063.503.75$4,313
Jan 202601,29159.138.00$10,325
Dec 202501,29056.664.41$5,693
Nov 202501,25958.593.93$4,943
Oct 202501,29959.383.30$4,293
Sep 202511,24962.743.08$3,906
Aug 202541,29363.933.01$4,154
Jul 202581,28766.743.32$4,801
Jun 202571,19766.483.13$4,210
May 202581,29660.553.23$4,673
Apr 202591,26362.363.54$5,036
Mar 2025101,22867.704.27$5,919
Feb 202591,20670.884.34$5,873
Jan 2025101,34574.324.28$6,498
Dec 202491,33568.993.12$4,788
Nov 202481,29269.052.20$3,393
Oct 202481,35471.372.28$3,660
Sep 202471,29769.612.36$3,554
Aug 202461,26875.632.06$3,070
Jul 202461,30779.932.15$3,285
Jun 202451,27578.082.63$3,749
May 202461,30678.812.20$3,344
Apr 202451,24284.451.66$2,483
Mar 2024425280.301.55$711
Feb 202461,13076.091.78$2,472
Jan 202461,29773.023.30$4,715
Dec 202361,24371.262.61$3,673
Nov 202351,24277.892.81$3,876
Oct 202351,33185.443.09$4,536
Sep 202351,29189.042.74$3,976
Aug 202351,33380.522.67$3,966
Jul 202351,31574.852.64$3,848
Jun 202341,31768.962.26$3,250
May 202341,34670.622.23$3,281
Apr 2023343678.122.24$1,210
Mar 2023541472.852.39$1,355
Feb 2023445475.112.47$1,420
Jan 2023545176.533.39$1,911
Dec 2022685176.415.73$5,334
Nov 2022548785.005.65$3,175
Oct 202261,19887.185.86$7,548
Sep 202251,16384.888.16$9,919
Aug 202251,19594.529.13$11,380
Jul 202251,177101.587.54$9,385
Jun 202251,162115.097.98$9,845
May 202251,205109.378.43$10,709
Apr 202251,189104.226.84$8,651
Mar 202261,174108.885.08$6,613
Feb 2022544391.054.86$2,608
Jan 2022654281.844.54$2,950
Dec 2021644971.323.90$2,179
Nov 2021550377.435.24$3,021
Oct 2021586279.795.71$5,324
Sep 2021567969.865.35$3,983
Aug 2021566966.024.22$3,154
Jul 202151,06670.783.98$4,599
Jun 202151,38969.493.38$5,043
May 2021684163.483.02$2,919
Apr 2021680260.362.76$2,574
Mar 2021785261.302.72$2,744
Feb 2021663157.805.55$3,848
Jan 2021890350.412.81$2,941
Dec 202071,17644.642.68$3,459
Nov 202071,40738.772.71$4,080
Oct 202071,65036.972.48$4,348
Sep 2020341837.091.99$944
Aug 2020253139.982.39$1,346
Jul 2020225238.371.83$537
Jun 2020537234.901.69$803
May 2020570316.921.81$1,360
Apr 2020768514.751.80$1,339
Mar 2020665630.341.86$1,400
Feb 2020639149.881.98$1,074
Jan 2020213657.252.09$399
Dec 2019113159.012.30$361
Nov 2019332055.302.75$1,046
Oct 201961,91053.472.42$4,940
Sep 201952,00355.052.66$5,598
Aug 201972,06753.112.30$5,135
Jul 201972,08156.272.46$5,513
Jun 201972,03352.782.49$5,434
May 2019102,13258.482.74$6,427
Apr 2019252,07862.632.75$7,282
Mar 2019272,20856.803.06$8,295
Feb 2019251,91850.852.79$6,627
Jan 2019292,33046.033.23$8,857
Dec 2018282,11246.594.19$10,144
Nov 2018221,44852.934.24$7,300
Oct 2018241,78861.443.40$7,550
Sep 2018201,38559.543.11$5,495
Aug 2018232,32459.403.07$8,493
Jul 2018242,26365.142.93$8,198
Jun 2018212,11360.183.08$7,765
May 2018212,23565.382.90$7,856
Apr 2018202,22063.842.90$7,717
Mar 2018122,25961.222.79$7,030
Feb 201862,16561.782.77$6,359
Jan 201882,27362.874.01$9,616
Dec 201772,39157.272.92$7,386
Nov 201772,43255.423.12$7,972
Oct 201772,63549.292.98$8,207
Sep 201761,76147.523.09$5,722
Aug 201771,52745.373.00$4,905
Jul 201791,49943.873.09$5,023
Jun 201781,95442.493.09$6,372
May 2017102,07245.373.26$7,215
Apr 2017122,07547.933.21$7,239
Mar 2017132,24246.772.98$7,297
Feb 2017122,08950.452.95$6,773
Jan 2017132,26249.413.42$8,376
Dec 2016122,12648.763.72$8,500
Nov 2016111,95742.492.64$5,642
Oct 201692,11446.193.09$6,949
Sep 201681,92341.553.10$6,295
Aug 2016102,02641.442.92$6,339
Jul 2016102,08441.622.92$6,511
Jun 201691,94445.352.69$5,629
May 201681,73142.521.99$3,787
Apr 2016121,84836.561.99$4,118
Mar 2016172,03233.011.79$4,207
Feb 2016172,07426.472.06$4,730
Jan 2016131,49527.352.36$3,890
Dec 2015162,14232.362.00$4,805
Nov 2015182,27338.792.17$5,625
Oct 2015162,43043.552.43$6,593
Sep 2015152,23542.992.76$6,810
Aug 2015152,32540.162.87$7,281
Jul 2015172,36748.152.95$7,790
Jun 2015162,16556.152.88$7,140
May 2015182,42755.212.96$8,167
Apr 2015192,32349.822.71$7,234
Mar 2015182,15642.892.93$7,099
Feb 201572,27844.662.98$7,092
Jan 201592,70843.433.10$8,787
Dec 201472,61454.693.59$9,771
Nov 201432,43270.464.25$10,552
Oct 201452,09478.303.90$8,560
Sep 201462,38486.164.05$10,161
Aug 201452,50989.394.04$10,571
Jul 201462,29596.564.18$10,172
Jun 201472,44098.164.74$12,245
May 201492,50894.734.73$12,707
Apr 2014101,76595.944.81$9,448
Mar 2014102,17495.895.06$11,952
Feb 2014122,44197.406.19$16,283
Jan 2014132,62490.404.86$13,930
Dec 2013132,63691.824.35$12,672
Nov 2013122,47388.853.74$10,311
Oct 2013112,47697.423.78$10,429
Sep 201392,158104.113.72$8,960
Aug 2013102,420104.253.52$9,567
Jul 2013142,880102.523.72$12,142
Jun 2013132,87494.403.93$12,532
May 2013132,74594.834.15$12,622
Apr 2013142,66793.964.28$12,737
Mar 2013101,61793.623.91$7,263
Feb 2013101,67091.233.42$6,624
Jan 2013162,65591.603.42$10,545
Dec 201291,66586.773.42$6,476
Nov 2012587386.953.62$3,599
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 201201192.662.91$32
Jul 2012597585.133.02$3,371
Jun 201271,47379.822.52$4,269
May 2012101,91291.612.49$5,674
Apr 201271,382101.652.00$3,471
Mar 2012131,887105.052.22$5,559
Feb 2012152,988101.102.57$9,196
Jan 2012112,19398.092.73$7,075
Dec 2011122,51596.873.24$9,310
Nov 2011122,78195.723.31$10,357
Oct 2011112,74984.983.65$10,965
Sep 2011112,79283.623.99$12,048
Aug 2011102,80183.404.15$12,456
Jul 2011102,63494.144.52$12,840
Jun 2011112,57892.904.64$12,984
May 2011132,79698.134.40$13,592
Apr 201100105.964.33$0
Mar 2011132,74696.364.06$12,394
Feb 2011112,10485.644.18$9,737
Jan 2011112,53886.504.59$12,598
Dec 2010122,59385.734.35$12,302
Nov 2010122,75580.843.80$11,426
Oct 2010112,72878.103.51$10,431
Sep 201012,69372.633.98$10,789
Aug 201002,97773.684.42$13,156
Jul 201002,66672.554.74$12,627
Jun 2010172,74170.364.91$14,656
May 2010482,94371.124.24$15,878
Apr 2010523,00381.694.12$16,628
Mar 2010532,80078.394.39$16,443
Feb 2010542,83473.585.44$19,397
Jan 2010482,80574.365.96$20,299
Dec 20091791771.445.48$6,243
Nov 2009301,94974.593.75$9,549
Oct 2009372,50772.544.11$12,988
Sep 2009342,74365.543.06$10,635
Aug 2009302,55867.423.22$10,256
Jul 2009363,00561.133.46$12,612
Jun 2009241,90766.163.90$9,016
May 2009403,23254.743.93$14,878
Apr 2009182,54646.773.59$9,976
Mar 2009222,64642.144.06$11,667
Feb 2009101,10332.814.63$5,438
Jan 2009222,88435.865.37$16,279
Dec 2008243,12337.105.98$19,557
Nov 2008233,07455.496.86$22,365
Oct 2008203,18875.246.92$23,572
Sep 200802,555101.767.88$20,126
Aug 200803,061114.228.48$25,967
Jul 2008143,431131.0811.39$40,912
Jun 2008173,285131.3313.03$45,045
May 2008933,231123.1711.57$48,851
Apr 2008962,931110.3110.45$41,233
Mar 200812321101.909.66$4,325
Feb 20081092,49092.538.77$31,925
Jan 20081473,55490.388.21$42,449
Dec 20071413,50188.337.30$38,019
Nov 20071133,42991.677.29$35,362
Oct 20071303,27082.856.92$33,405
Sep 20071093,37475.846.24$29,334
Aug 2007283,53669.066.39$24,521
Jul 2007273,67370.906.39$25,377
Jun 2007263,58362.007.55$28,658
May 2007283,78058.747.85$31,304
Apr 2007204,04659.617.81$32,772
Mar 2007394,48656.927.30$34,977
Feb 2007354,16755.108.22$36,165
Jan 2007414,90750.306.73$35,071
Dec 2006394,93556.656.92$36,352
Nov 2006354,98254.207.62$39,847
Oct 2006335,30354.906.01$33,703
Sep 2006233,85060.085.04$20,775
Aug 2006274,72668.717.34$36,544
Jul 2006224,21369.376.34$28,248
Jun 2006244,51666.286.38$30,420
May 2006304,80766.016.42$32,865
Apr 2006364,67564.397.36$36,728
Mar 2006374,60056.707.08$34,679
Feb 2006324,46557.597.75$36,452
Jan 2006294,99760.598.93$46,397
Dec 2005275,57654.9413.42$76,288
Nov 2005275,70454.6910.59$61,873
Oct 2005195,61958.3413.80$78,627
Sep 2005174,49361.4512.08$55,316
Aug 2005205,49761.519.80$55,083
Jul 2005215,61455.697.84$45,204
Jun 2005215,05052.337.38$38,373
May 2005224,13945.226.65$28,524
Apr 2005143,60249.207.36$27,201
Mar 2005204,96150.377.15$36,503
Feb 2005163,81845.226.31$24,822
Jan 2005153,94943.166.32$25,614
Dec 2004215,24839.866.75$36,267
Nov 2004224,14545.286.33$27,236
Oct 2004143,00749.706.52$20,287
Sep 2004122,22843.245.28$12,291
Aug 200402,41242.375.55$13,388
Jul 200405,52638.286.08$33,621
Jun 200402,85636.106.43$18,373
May 200403,24137.486.49$21,049
Apr 2004114,07834.475.86$24,270
Mar 2004184,17034.365.53$23,679
Feb 2004204,48832.455.51$25,376
Jan 2004244,69132.036.30$30,320
Dec 2003275,35030.266.30$34,531
Nov 2003375,24028.804.60$25,144
Oct 2003245,46728.174.76$26,697
Sep 2003196,22526.314.75$30,065
Aug 2003166,20229.765.13$32,291
Jul 2003227,43529.415.17$39,092
Jun 2003165,60228.565.98$33,974
May 2003133,62926.595.97$22,021
Apr 2003124,23326.675.41$23,209
Mar 2003164,82831.146.10$29,930
Feb 2003135,82033.487.93$46,564
Jan 2003136,80930.315.58$38,402
Dec 2002145,38326.914.85$26,505
Nov 200285,34224.664.14$22,297
Oct 200205,13026.464.23$21,695
Sep 200244,76427.443.64$17,428
Aug 200286,61225.963.16$21,129
Jul 2002186,82324.583.06$21,333
Jun 2002254,81623.733.34$16,670
May 2002236,33724.663.58$23,279
Apr 200255,04423.653.51$17,834
Mar 2002496,64022.003.10$21,680
Feb 2002375,66918.222.38$14,142
Jan 2002486,06317.172.38$15,228
Dec 2001163,91316.932.36$9,523
Nov 2001164,95718.072.41$12,213
Oct 2001176,33019.782.53$16,344
Sep 2001114,43224.262.25$10,245
Aug 2001176,01324.873.05$18,781
Jul 2001475,53823.933.20$18,830
Jun 2001385,68624.563.82$22,677
May 2001395,91125.524.31$26,456
Apr 2001415,63124.685.34$31,055
Mar 2001436,24224.545.38$34,615
Feb 2001515,34927.755.77$32,263
Jan 20011645,77827.478.40$53,033
Dec 20001535,80226.889.12$57,041
Nov 20001366,25232.215.66$39,754
Oct 20001185,10931.235.15$29,974
Sep 2000141,16831.875.19$6,504
Aug 2000706,11029.644.54$29,819
Jul 2000817,46628.534.09$32,845
Jun 2000776,69529.304.40$31,696
May 2000708,37627.263.68$32,730
Apr 2000826,71324.513.12$22,928
Mar 20001128,70928.422.86$28,089
Feb 20001297,22327.622.73$23,256
Jan 20001277,79325.272.48$22,540
Dec 19991237,88324.282.42$22,093
Nov 19991218,41423.192.43$23,286
Oct 19991189,81020.982.80$29,980
Sep 19991089,27521.752.62$26,639
Aug 199911610,67719.262.88$32,937
Jul 1999968,81017.892.37$22,618
Jun 199914211,12415.942.36$28,539
May 1999968,95015.792.32$22,289
Apr 19991048,77715.102.21$20,950
Mar 1999848,85312.471.84$17,322
Feb 1999807,1599.981.82$13,812
Jan 1999848,76610.381.90$17,527
Dec 1998979,9459.201.77$18,528
Nov 1998658,70110.892.19$19,726
Oct 19988110,91912.421.97$22,508
Sep 19986810,11612.592.08$21,924
Aug 19989211,99411.301.91$23,916
Jul 19987110,15311.742.24$23,549
Jun 199812012,01711.242.24$28,234
May 199811513,42912.622.21$31,080
Apr 199812113,88813.042.51$36,372
Mar 199815216,35812.802.31$39,723
Feb 199811311,29213.952.30$27,538
Jan 199813014,50414.702.15$33,164
Dec 19977314,70016.322.41$36,635
Nov 199710214,58518.193.09$46,898
Oct 19978916,36719.253.15$53,266
Sep 19976714,74617.742.95$44,761
Aug 19978018,25417.862.55$48,063
Jul 19979519,88117.582.25$46,342
Jun 199717517,97317.242.26$43,586
May 199716020,03218.972.31$49,279
Apr 199716119,11417.882.08$42,689
Mar 199715921,54518.951.94$44,792
Feb 199722520,70120.492.21$50,275
Jan 199721423,48023.483.54$88,137
Dec 199622223,59823.32$5,177
Nov 199623822,03621.97$5,229
Oct 199606,32523.31$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  132 Mcf  × $  3.05 =       $402

────────────────────────────────────────────────────
Month total                                     $402

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/165104 is the state's own key, not one this site invented.