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 168318District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.5 M
Jan 1998 – May 2026
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
341
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 Gas111998-07-29138657
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
CondensateDisposition10,408 bbl$435,255
GasProduction717,119 Mcf$3,035,665
Total$3,470,920

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 32.0576, -94.3875. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.05760, -94.38753 · 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
9,600 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 9,600 ft.

Completions filed
Jan 1998
1 of 1 wells

1 well

42-3653364459,600 ftJan 1998

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 (341)

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

341 months

May 20260345106.413.05$1,051
Apr 2026041398.932.87$1,185
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 202506456.664.41$282
Nov 2025016158.593.93$632
Oct 2025017659.383.30$582
Sep 2025014862.743.08$455
Aug 2025016663.933.01$500
Jul 2025015666.743.32$517
Jun 2025014266.483.13$444
May 2025015260.553.23$491
Apr 2025018862.363.54$666
Mar 2025022767.704.27$969
Feb 2025015270.884.34$660
Jan 2025020574.324.28$877
Dec 2024020868.993.12$649
Nov 2024019569.052.20$429
Oct 2024219771.372.28$592
Sep 20241520469.612.36$1,526
Aug 20242520575.632.06$2,314
Jul 20242017579.932.15$1,974
Jun 2024913978.082.63$1,069
May 2024920978.812.20$1,169
Apr 20241026184.451.66$1,278
Mar 20241027480.301.55$1,226
Feb 2024924576.091.78$1,122
Jan 2024924673.023.30$1,468
Dec 20231029471.262.61$1,480
Nov 2023928777.892.81$1,507
Oct 2023726785.443.09$1,422
Sep 2023645089.042.74$1,765
Aug 2023014580.522.67$388
Jul 2023030374.852.64$800
Jun 2023030568.962.26$689
May 2023035170.622.23$782
Apr 2023031778.122.24$709
Mar 2023030772.852.39$735
Feb 2023027375.112.47$673
Jan 2023030976.533.39$1,047
Dec 2022049776.415.73$2,847
Nov 2022030285.005.65$1,705
Oct 2022025387.185.86$1,484
Sep 2022022484.888.16$1,829
Aug 2022025694.529.13$2,337
Jul 20221289101.587.54$2,281
Jun 20221230115.097.98$1,950
May 20221253109.378.43$2,243
Apr 20221274104.226.84$1,978
Mar 20221276108.885.08$1,510
Feb 2022123291.054.86$1,218
Jan 2022126081.844.54$1,262
Dec 2021129571.323.90$1,222
Nov 2021126077.435.24$1,439
Oct 2021127179.795.71$1,628
Sep 2021129069.865.35$1,622
Aug 2021128666.024.22$1,273
Jul 2021133770.783.98$1,413
Jun 2021129869.493.38$1,077
May 2021129863.483.02$963
Apr 2021029760.362.76$819
Mar 2021027661.302.72$750
Feb 2021029057.805.55$1,609
Jan 2021029250.412.81$821
Dec 2020028344.642.68$757
Nov 2020028638.772.71$774
Oct 2020033336.972.48$825
Sep 2020039537.091.99$786
Aug 2020040539.982.39$966
Jul 2020039838.371.83$726
Jun 2020039934.901.69$674
May 2020041416.921.81$751
Apr 2020039414.751.80$711
Mar 2020042430.341.86$787
Feb 2020036449.881.98$721
Jan 2020038957.252.09$815
Dec 2019039459.012.30$908
Nov 2019039055.302.75$1,073
Oct 2019040253.472.42$972
Sep 2019037955.052.66$1,007
Aug 2019038753.112.30$892
Jul 2019038356.272.46$942
Jun 2019037752.782.49$939
May 2019138158.482.74$1,103
Apr 2019936962.632.75$1,579
Mar 20191037956.803.06$1,729
Feb 2019934750.852.79$1,427
Jan 20191038546.033.23$1,703
Dec 20181038646.594.19$2,081
Nov 2018836952.934.24$1,987
Oct 2018939161.443.40$1,882
Sep 2018837659.543.11$1,645
Aug 2018840159.403.07$1,705
Jul 2018941565.142.93$1,803
Jun 2018741360.183.08$1,692
May 2018743065.382.90$1,705
Apr 2018742463.842.90$1,677
Mar 2018948061.222.79$1,889
Feb 2018847161.782.77$1,797
Jan 2018952562.874.01$2,671
Dec 2017853057.272.92$2,007
Nov 2017951455.423.12$2,102
Oct 2017851149.292.98$1,919
Sep 2017751647.523.09$1,926
Aug 2017853345.373.00$1,964
Jul 2017652843.873.09$1,893
Jun 20171050642.493.09$1,987
May 20171446545.373.26$2,153
Apr 20171742847.933.21$2,189
Mar 20171844846.772.98$2,179
Feb 20171640650.452.95$2,006
Jan 20171847849.413.42$2,524
Dec 20161745548.763.72$2,523
Nov 20161543342.492.64$1,782
Oct 20161346046.193.09$2,022
Sep 20161146041.553.10$1,883
Aug 20162147541.442.92$2,259
Jul 20161946141.622.92$2,139
Jun 20162354045.352.69$2,493
May 20162047142.521.99$1,788
Apr 20161349036.561.99$1,451
Mar 20161051933.011.79$1,261
Feb 20161050926.472.06$1,315
Jan 20161260227.352.36$1,752
Dec 20151158232.362.00$1,521
Nov 20151051738.792.17$1,508
Oct 2015952343.552.43$1,661
Sep 2015852342.992.76$1,787
Aug 2015951440.162.87$1,838
Jul 20151589348.152.95$3,352
Jun 20151794856.152.88$3,688
May 20151795655.212.96$3,764
Apr 20151990449.822.71$3,393
Mar 20151893542.892.93$3,516
Feb 2015087244.662.98$2,595
Jan 2015099043.433.10$3,070
Dec 201401,02554.693.59$3,681
Nov 2014099670.464.25$4,235
Oct 201401,04078.303.90$4,057
Sep 2014099986.164.05$4,041
Aug 201411,05789.394.04$4,355
Jul 20141697596.564.18$5,620
Jun 2014271,10498.164.74$7,880
May 2014361,19094.734.73$9,035
Apr 20143882495.944.81$7,608
Mar 20142867595.895.06$6,098
Feb 20141634797.406.19$3,707
Jan 20143069290.404.86$6,076
Dec 20133071291.824.35$5,855
Nov 20132968388.853.74$5,130
Oct 20132767897.423.78$5,193
Sep 201331850104.113.72$6,387
Aug 201331918104.253.52$6,466
Jul 201339967102.523.72$7,593
Jun 20133695294.403.93$7,143
May 2013391,00594.834.15$7,868
Apr 20133798193.964.28$7,678
Mar 2013281,10693.623.91$6,949
Feb 20131965091.233.42$3,956
Jan 2013281,07191.603.42$6,228
Dec 2012281,11286.773.42$6,233
Nov 20122798586.953.62$5,918
Oct 20122994089.383.40$5,788
Sep 2012271,00594.672.92$5,489
Aug 2012261,09092.662.91$5,579
Jul 2012261,08785.133.02$5,497
Jun 2012271,05479.822.52$4,810
May 2012281,07991.612.49$5,250
Apr 201226976101.652.00$4,592
Mar 201232965105.052.22$5,506
Feb 201230967101.102.57$5,518
Jan 20122167598.092.73$3,905
Dec 20112171396.873.24$4,344
Nov 2011351,27895.723.31$7,582
Oct 2011381,59284.983.65$9,038
Sep 2011311,34683.623.99$7,957
Aug 2011291,30883.404.15$7,846
Jul 2011321,31494.144.52$8,948
Jun 2011321,22092.904.64$8,633
May 2011351,21698.134.40$8,791
Apr 201100105.964.33$0
Mar 2011421,12196.364.06$8,595
Feb 2011431,07185.644.18$8,159
Jan 2011391,15586.504.59$8,674
Dec 2010441,18385.734.35$8,916
Nov 2010401,15780.843.80$7,625
Oct 2010391,27078.103.51$7,502
Sep 2010531,23272.633.98$8,752
Aug 2010541,28573.684.42$9,658
Jul 2010501,17372.554.74$9,183
Jun 2010301,01370.364.91$7,085
May 2010191,05171.124.24$5,803
Apr 2010191,02181.694.12$5,761
Mar 2010241,16178.394.39$6,977
Feb 2010221,06373.585.44$7,404
Jan 2010221,18774.365.96$8,715
Dec 2009241,18571.445.48$8,213
Nov 2009181,08674.593.75$5,417
Oct 2009391,25672.544.11$7,992
Sep 2009491,23765.543.06$7,003
Aug 2009491,21667.423.22$7,217
Jul 2009451,11361.133.46$6,607
Jun 2009481,09366.163.90$7,433
May 2009501,17354.743.93$7,342
Apr 2009251,31746.773.59$5,894
Mar 2009351,60842.144.06$8,002
Feb 20091246532.814.63$2,548
Jan 2009311,50735.865.37$9,206
Dec 2008331,60537.105.98$10,818
Nov 2008331,66255.496.86$13,233
Oct 2008341,90675.246.92$15,751
Sep 2008281,671101.767.88$16,012
Aug 2008281,798114.228.48$18,451
Jul 2008322,066131.0811.39$27,725
Jun 2008332,037131.3313.03$30,881
May 2008301,805123.1711.57$24,587
Apr 2008321,704110.3110.45$21,345
Mar 2008361,819101.909.66$21,247
Feb 2008291,78592.538.77$18,339
Jan 2008301,92790.388.21$18,524
Dec 2007261,76788.337.30$15,199
Nov 2007292,36691.677.29$19,911
Oct 2007322,14682.856.92$17,506
Sep 2007292,23875.846.24$16,174
Aug 2007292,38669.066.39$17,244
Jul 2007262,31270.906.39$16,612
Jun 2007282,59662.007.55$21,332
May 20071197858.747.85$8,320
Apr 2007251,90259.617.81$16,336
Mar 2007391,74856.927.30$14,984
Feb 2007371,73755.108.22$16,310
Jan 2007422,02050.306.73$15,701
Dec 2006422,05956.656.92$16,624
Nov 2006372,05354.207.62$17,644
Oct 2006342,20054.906.01$15,097
Sep 200662,56760.085.04$13,291
Aug 200673,05368.717.34$22,890
Jul 200662,91669.376.34$18,912
Jun 200662,83366.286.38$18,483
May 200673,00166.016.42$19,744
Apr 200682,96564.397.36$22,339
Mar 2006143,14356.707.08$23,055
Feb 2006272,82757.597.75$23,467
Jan 2006253,18960.598.93$30,003
Dec 2005223,23354.9413.42$44,581
Nov 2005223,19454.6910.59$35,023
Oct 2005402,75458.3413.80$40,327
Sep 2005432,65461.4512.08$34,700
Aug 2005473,08961.519.80$33,153
Jul 2005523,19855.697.84$27,980
Jun 2005533,03652.337.38$25,182
May 2005713,14245.226.65$24,109
Apr 2005343,23049.207.36$25,447
Mar 2005253,46250.377.15$26,029
Feb 2005253,31145.226.31$22,029
Jan 2005243,49143.166.32$23,107
Dec 2004233,34439.866.75$23,492
Nov 2004183,54045.286.33$23,225
Oct 2004153,60749.706.52$24,245
Sep 2004153,01143.245.28$16,558
Aug 2004143,13942.375.55$18,017
Jul 2004183,62238.286.08$22,726
Jun 2004203,78236.106.43$25,052
May 2004203,89537.486.49$26,046
Apr 2004213,79234.475.86$22,939
Mar 2004233,89934.365.53$22,352
Feb 2004233,70432.455.51$21,154
Jan 2004274,03232.036.30$26,265
Dec 2003263,62330.266.30$23,618
Nov 2003393,95728.804.60$19,306
Oct 2003184,53328.174.76$22,083
Sep 200304,45326.314.75$21,149
Aug 200305,05329.765.13$25,920
Jul 200305,34229.415.17$27,623
Jun 200305,27028.565.98$31,530
May 200304,76326.595.97$28,448
Apr 200303,93126.675.41$21,256
Mar 200323,57331.146.10$21,843
Feb 2003702,78533.487.93$24,417
Jan 2003893,88430.315.58$24,378
Dec 2002913,78326.914.85$20,811
Nov 2002643,58324.664.14$16,401
Oct 2002574,08026.464.23$18,763
Sep 2002543,78727.443.64$15,248
Aug 2002574,24925.963.16$14,924
Jul 2002623,90024.583.06$13,465
Jun 2002453,84923.733.34$13,917
May 2002484,02024.663.58$15,591
Apr 2002653,62523.653.51$14,269
Mar 2002544,36922.003.10$14,744
Feb 2002464,12118.222.38$10,628
Jan 2002572,62117.172.38$7,205
Dec 2001641,96816.932.36$5,737
Nov 2001641,75218.072.41$5,371
Oct 2001752,33219.782.53$7,381
Sep 2001522,62224.262.25$7,164
Aug 2001553,36624.873.05$11,645
Jul 2001663,57423.933.20$13,006
Jun 2001564,30424.563.82$17,835
May 2001303,41325.524.31$15,466
Apr 2001333,37424.685.34$18,816
Mar 2001643,77824.545.38$21,883
Feb 2001713,42027.755.77$21,694
Jan 2001724,35027.478.40$38,512
Dec 2000742,44526.889.12$24,294
Nov 2000633,63832.215.66$22,613
Oct 2000634,12631.235.15$23,198
Sep 2000253,60031.875.19$19,468
Aug 2000385,20829.644.54$24,775
Jul 2000463,62328.534.09$16,130
Jun 2000464,38029.304.40$20,608
May 2000424,79527.263.68$18,789
Apr 20001039,35924.513.12$31,687
Mar 20001008,62328.422.86$27,502
Feb 20001008,27627.622.73$25,327
Jan 2000775,21625.272.48$14,884
Dec 19991279,05624.282.42$25,033
Nov 1999947,25723.192.43$19,843
Oct 1999827,63420.982.80$23,124
Sep 1999777,39021.752.62$21,028
Aug 1999687,04819.262.88$21,577
Jul 1999798,07717.892.37$20,575
Jun 1999938,10115.942.36$20,618
May 1999909,43215.792.32$23,313
Apr 1999999,30515.102.21$22,041
Mar 1999685,01712.471.84$10,071
Feb 1999865,4209.981.82$10,711
Jan 199919512,59510.381.90$25,954
Dec 199816710,5059.201.77$20,165
Nov 1998988,07510.892.19$18,717
Oct 1998967,97012.421.97$16,887
Sep 19981059,64112.592.08$21,400
Aug 1998666,22211.301.91$12,613
Jul 1998757,73311.742.24$18,181
Jun 19981099,24211.242.24$21,902
May 199820912,93412.622.21$31,174
Apr 199820312,31613.042.51$33,503
Mar 199822511,86912.802.31$30,291
Feb 199839316,68513.952.30$43,843
Jan 199856623,40314.702.15$58,749

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                  345 Mcf  × $  3.05 =     $1,051

────────────────────────────────────────────────────
Month total                                   $1,051

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/168318 is the state's own key, not one this site invented.