CAPPS GAS UNIT

Operated by SHERIDAN PRODUCTION CO III, LLC (P-5 775851) 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 168828District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.1 M
May 1998 – Dec 2025
Value, last 12 filed months
$0
at the published price for each month
Months reported
332
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 Gas111998-07-30138977
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
CondensateDisposition7,047 bbl$249,151
GasProduction669,182 Mcf$2,804,010
Total$3,053,161

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 32.0877, -94.2578. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.08775, -94.25783 · 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
9,425 ft
1 wells filed one
Completion to plug
27.6 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 9,425 ft.

Completions filed
May 1998
1 of 1 wells
Plug dates filed
Dec 2025
1 of 1 wells

Last completion to plug: a median of 27.6 years across the 1 well that filed both dates, with the middle half between 27.6 years and 27.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-3653379589,425 ftMay 1998Dec 2025Yes

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 (332)

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

332 months

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 20190055.302.75$0
Oct 20190053.472.42$0
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 20140070.464.25$0
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 2014340690.404.86$2,245
Dec 201361,53491.824.35$7,231
Nov 201371,63688.853.74$6,738
Oct 201361,63797.423.78$6,771
Sep 201351,686104.113.72$6,789
Aug 201361,679104.253.52$6,540
Jul 201361,408102.523.72$5,850
Jun 2013121,33094.403.93$6,364
May 2013111,42694.834.15$6,960
Apr 2013121,54093.964.28$7,723
Mar 2013511,30393.623.91$9,873
Feb 2013671,29191.233.42$10,528
Jan 2013521,55191.603.42$10,067
Dec 2012651,97586.773.42$12,395
Nov 2012443,12686.953.62$15,157
Oct 2012516589.383.40$1,008
Sep 2012121,75294.672.92$6,249
Aug 2012162,23692.662.91$7,985
Jul 2012112,01585.133.02$7,023
Jun 2012191,73479.822.52$5,885
May 2012201,99591.612.49$6,796
Apr 2012212,028101.652.00$6,184
Mar 2012193,288105.052.22$9,302
Feb 201273,143101.102.57$8,786
Jan 2012144598.092.73$1,315
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 201101794.144.52$77
Jun 201111,23792.904.64$5,832
May 201121,65198.134.40$7,469
Apr 201121,569105.964.33$7,011
Mar 201121,69296.364.06$7,058
Feb 2011174285.644.18$3,187
Jan 201131,74586.504.59$8,267
Dec 201031,86185.734.35$8,348
Nov 201031,70580.843.80$6,714
Oct 201031,84378.103.51$6,701
Sep 201021,81772.633.98$7,376
Aug 201011,82373.684.42$8,130
Jul 201011,79172.554.74$8,556
Jun 201021,46070.364.91$7,310
May 2010221,53171.124.24$8,049
Apr 2010591,45481.694.12$10,814
Mar 20101001,91778.394.39$16,252
Feb 2010941,53773.585.44$15,281
Jan 20101021,36674.365.96$15,732
Dec 20091151,76771.445.48$17,905
Nov 20091311,62374.593.75$15,860
Oct 20091011,83372.544.11$14,861
Sep 2009451,88465.543.06$8,723
Aug 2009231,09567.423.22$5,075
Jul 2009261,34761.133.46$6,256
Jun 2009351,15366.163.90$6,807
May 2009351,39954.743.93$7,408
Apr 2009381,36346.773.59$6,667
Mar 2009441,58442.144.06$8,284
Feb 2009211,58632.814.63$8,037
Jan 2009261,82235.865.37$10,718
Dec 2008192,06737.105.98$13,060
Nov 2008161,54155.496.86$11,460
Oct 2008141,65175.246.92$12,482
Sep 200881,421101.767.88$12,007
Aug 200801,807114.228.48$15,329
Jul 200801,819131.0811.39$20,717
Jun 200802,129131.3313.03$27,746
May 200802,274123.1711.57$26,320
Apr 200802,246110.3110.45$23,482
Mar 200802,167101.909.66$20,942
Feb 200801,98692.538.77$17,418
Jan 200802,18090.388.21$17,888
Dec 200702,30088.337.30$16,795
Nov 200702,28491.677.29$16,654
Oct 200702,30482.856.92$15,948
Sep 200721,85875.846.24$11,753
Aug 200771,68369.066.39$11,234
Jul 2007152,28270.906.39$15,641
Jun 2007202,11962.007.55$17,235
May 2007232,29058.747.85$19,319
Apr 2007172,14559.617.81$17,756
Mar 2007252,27656.927.30$18,042
Feb 2007402,15255.108.22$19,885
Jan 2007492,40350.306.73$18,629
Dec 2006372,49356.656.92$19,344
Nov 2006342,52854.207.62$21,100
Oct 2006192,84454.906.01$18,146
Sep 2006322,89060.085.04$16,480
Aug 2006443,27268.717.34$27,039
Jul 2006513,09969.376.34$23,194
Jun 2006573,64966.286.38$27,073
May 2006663,77666.016.42$28,617
Apr 2006653,70464.397.36$31,449
Mar 2006744,29456.707.08$34,610
Feb 2006212,96957.597.75$24,222
Jan 2006182,53460.598.93$23,728
Dec 2005637154.9413.42$5,307
Nov 20052054.6910.59$109
Oct 2005112,68358.3413.80$37,656
Sep 200503,31461.4512.08$40,030
Aug 200503,50861.519.80$34,367
Jul 200502,81955.697.84$22,111
Jun 200502,21452.337.38$16,342
May 200502,65645.226.65$17,665
Apr 200542,80649.207.36$20,850
Mar 2005183,38050.377.15$25,090
Feb 2005163,20745.226.31$20,966
Jan 2005214,30243.166.32$28,104
Dec 2004974639.866.75$5,395
Nov 2004102,82245.286.33$18,317
Oct 2004122,73549.706.52$18,415
Sep 2004193,57143.245.28$19,690
Aug 2004113,64342.375.55$20,687
Jul 2004173,68138.286.08$23,047
Jun 2004163,05436.106.43$20,224
May 2004182,97337.486.49$19,983
Apr 2004162,89334.475.86$17,500
Mar 200403,44934.365.53$19,073
Feb 200403,11432.455.51$17,157
Jan 200402,61832.036.30$16,492
Dec 200302,71330.266.30$17,096
Nov 200302,87028.804.60$13,188
Oct 200303,02428.174.76$14,393
Sep 200302,90726.314.75$13,806
Aug 200302,95929.765.13$15,179
Jul 200303,07229.415.17$15,885
Jun 200303,18428.565.98$19,050
May 200303,64326.595.97$21,758
Apr 200302,61226.675.41$14,124
Mar 200313,12131.146.10$19,057
Feb 2003132,92733.487.93$23,634
Jan 2003433,28630.315.58$19,646
Dec 2002473,35426.914.85$17,544
Nov 2002433,15024.664.14$14,092
Oct 2002373,17726.464.23$14,415
Sep 200243,19827.443.64$11,735
Aug 200203,30725.963.16$10,464
Jul 200203,38224.583.06$10,355
Jun 200203,89723.733.34$13,009
May 200223,48624.663.58$12,543
Apr 2002173,44523.653.51$12,502
Mar 2002333,69022.003.10$12,175
Feb 2002443,41918.222.38$8,924
Jan 2002484,40317.172.38$11,284
Dec 2001374,15116.932.36$10,441
Nov 2001243,94418.072.41$9,921
Oct 2001224,21219.782.53$11,087
Sep 2001194,15624.262.25$9,817
Aug 2001264,47124.873.05$14,297
Jul 2001244,50423.933.20$14,974
Jun 2001194,22224.563.82$16,612
May 2001264,40025.524.31$19,616
Apr 2001293,93924.685.34$21,732
Mar 2001304,34924.545.38$24,118
Feb 2001304,01727.755.77$23,999
Jan 2001363,98927.478.40$34,492
Dec 2000384,45226.889.12$41,635
Nov 2000404,18732.215.66$24,978
Oct 2000394,70331.235.15$25,417
Sep 2000554,76031.875.19$26,441
Aug 2000484,80729.644.54$23,250
Jul 2000574,82328.534.09$21,351
Jun 2000454,85029.304.40$22,645
May 2000575,94427.263.68$23,426
Apr 200062024.513.12$1,520
Mar 2000765,79928.422.86$18,744
Feb 2000685,69427.622.73$17,403
Jan 2000896,38225.272.48$18,080
Dec 1999646,61524.282.42$17,587
Nov 1999616,62723.192.43$17,545
Oct 1999587,07420.982.80$21,050
Sep 1999576,95521.752.62$19,454
Aug 1999447,44419.262.88$22,253
Jul 1999547,58617.892.37$18,963
Jun 19991358,22015.942.36$21,568
May 19991379,27515.792.32$23,691
Apr 19991709,71215.102.21$24,012
Mar 199922810,35512.471.84$21,879
Feb 1999939,8119.981.82$18,762
Jan 199917311,81610.381.90$24,246
Dec 199817913,3249.201.77$25,275
Nov 19983312,26310.892.19$27,163
Oct 199818112,36312.421.97$26,593
Sep 199817711,31212.592.08$25,787
Aug 199824814,56111.301.91$30,575
Jul 199835520,15411.742.24$49,258
Jun 199846832,05711.242.24$76,980
May 199829823,13912.622.21$54,813

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.

Jan 2014 — as filed, then multipliedworked
Condensate             3 bbl  × $ 90.40 =       $271
Gas                  406 Mcf  × $  4.86 =     $1,973

────────────────────────────────────────────────────
Month total                                   $2,245

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/168828 is the state's own key, not one this site invented.