MINOR, L. V. GAS UNIT

Name: MINOR, L. V. GAS UNIT lease production and value, Jun 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by NEWFIELD EXPLORATION COMPANY (P-5 606617) 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 169588District 06Field 664612752 tax incentive programmesCondensateGasSave Export

Value, all time

$2.1 M

Jun 1998 – Feb 2008

Value, last 12 filed months

$19 k

at the published price for each month

Months reported

117

no gaps in the span

Streams

condensate, gas

The OAK HILL (COTTON VALLEY) field

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1998-09-09	139341
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	33 bbl	$1,736
Gas	Production	501,735 Mcf	$2,055,884
Total			$2,057,620

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 32.3046, -94.7615. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.30460, -94.76151 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

10,868 ft

1 wells filed one

Completion to plug

17.5 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 10,868 ft.

Completions filed

Mar 2008

1 of 1 wells

Plug dates filed

Sep 2025

1 of 1 wells

Last completion to plug: a median of 17.5 years across the 1 well that filed both dates, with the middle half between 17.5 years and 17.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-40132866	2	10,868 ft	Mar 2008	Sep 2025	Yes

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 (117)

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

117 months


Feb 2008	0	171	92.53	8.77	$1,500
Jan 2008	0	148	90.38	8.21	$1,214
Dec 2007	0	190	88.33	7.30	$1,387
Nov 2007	0	223	91.67	7.29	$1,626
Oct 2007	0	116	82.85	6.92	$803
Sep 2007	0	216	75.84	6.24	$1,349
Aug 2007	0	150	69.06	6.39	$958
Jul 2007	0	146	70.90	6.39	$933
Jun 2007	0	104	62.00	7.55	$785
May 2007	0	166	58.74	7.85	$1,302
Apr 2007	0	179	59.61	7.81	$1,397
Mar 2007	0	807	56.92	7.30	$5,893
Feb 2007	0	4,733	55.10	8.22	$38,886
Jan 2007	0	6,597	50.30	6.73	$44,377
Dec 2006	0	1,455	56.65	6.92	$10,066
Nov 2006	0	1,760	54.20	7.62	$13,407
Oct 2006	0	2,572	54.90	6.01	$15,467
Sep 2006	0	2,089	60.08	5.04	$10,523
Aug 2006	0	2,306	68.71	7.34	$16,926
Jul 2006	0	3,031	69.37	6.34	$19,225
Jun 2006	0	2,724	66.28	6.38	$17,390
May 2006	0	2,647	66.01	6.42	$17,007
Apr 2006	0	4,755	64.39	7.36	$34,999
Mar 2006	0	5,523	56.70	7.08	$39,119
Feb 2006	0	3,287	57.59	7.75	$25,478
Jan 2006	4	3,874	60.59	8.93	$34,850
Dec 2005	0	4,728	54.94	13.42	$63,428
Nov 2005	0	3,761	54.69	10.59	$39,823
Oct 2005	0	5,704	58.34	13.80	$78,691
Sep 2005	0	5,802	61.45	12.08	$70,082
Aug 2005	0	587	61.51	9.80	$5,751
Jul 2005	17	67	55.69	7.84	$1,472
Jun 2005	0	138	52.33	7.38	$1,019
May 2005	0	1,003	45.22	6.65	$6,671
Apr 2005	0	650	49.20	7.36	$4,784
Mar 2005	6	1,690	50.37	7.15	$12,394
Feb 2005	0	368	45.22	6.31	$2,323
Jan 2005	4	632	43.16	6.32	$4,168
Dec 2004	0	1,859	39.86	6.75	$12,550
Nov 2004	0	1,519	45.28	6.33	$9,616
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	1,064	43.24	5.28	$5,622
Aug 2004	0	556	42.37	5.55	$3,086
Jul 2004	0	395	38.28	6.08	$2,403
Jun 2004	2	239	36.10	6.43	$1,610
May 2004	0	806	37.48	6.49	$5,235
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	2,361	34.36	5.53	$13,057
Feb 2004	0	3,063	32.45	5.51	$16,876
Jan 2004	0	399	32.03	6.30	$2,514
Dec 2003	0	2,169	30.26	6.30	$13,668
Nov 2003	0	1,225	28.80	4.60	$5,629
Oct 2003	0	571	28.17	4.76	$2,718
Sep 2003	0	874	26.31	4.75	$4,151
Aug 2003	0	3,011	29.76	5.13	$15,446
Jul 2003	0	4,319	29.41	5.17	$22,333
Jun 2003	0	3,761	28.56	5.98	$22,502
May 2003	0	2,988	26.59	5.97	$17,846
Apr 2003	0	3,256	26.67	5.41	$17,606
Mar 2003	0	3,508	31.14	6.10	$21,385
Feb 2003	0	3,366	33.48	7.93	$26,679
Jan 2003	0	3,667	30.31	5.58	$20,469
Dec 2002	0	3,955	26.91	4.85	$19,197
Nov 2002	0	3,338	24.66	4.14	$13,809
Oct 2002	0	2,615	26.46	4.23	$11,059
Sep 2002	0	3,218	27.44	3.64	$11,698
Aug 2002	0	3,666	25.96	3.16	$11,600
Jul 2002	0	3,188	24.58	3.06	$9,761
Jun 2002	0	3,050	23.73	3.34	$10,182
May 2002	0	3,432	24.66	3.58	$12,300
Apr 2002	0	1,782	23.65	3.51	$6,259
Mar 2002	0	3,407	22.00	3.10	$10,571
Feb 2002	0	2,662	18.22	2.38	$6,324
Jan 2002	0	2,729	17.17	2.38	$6,483
Dec 2001	0	3,426	16.93	2.36	$8,100
Nov 2001	0	4,888	18.07	2.41	$11,758
Oct 2001	0	4,145	19.78	2.53	$10,482
Sep 2001	0	3,905	24.26	2.25	$8,791
Aug 2001	0	3,985	24.87	3.05	$12,167
Jul 2001	0	4,036	23.93	3.20	$12,903
Jun 2001	0	3,639	24.56	3.82	$13,916
May 2001	0	4,177	25.52	4.31	$17,992
Apr 2001	0	5,224	24.68	5.34	$27,872
Mar 2001	0	5,919	24.54	5.38	$31,823
Feb 2001	0	6,218	27.75	5.77	$35,860
Jan 2001	0	6,006	27.47	8.40	$50,443
Dec 2000	0	5,442	26.88	9.12	$49,645
Nov 2000	0	5,410	32.21	5.66	$30,610
Oct 2000	0	6,194	31.23	5.15	$31,871
Sep 2000	0	5,751	31.87	5.19	$29,828
Aug 2000	0	5,870	29.64	4.54	$26,654
Jul 2000	0	5,976	28.53	4.09	$24,440
Jun 2000	0	5,836	29.30	4.40	$25,662
May 2000	0	5,420	27.26	3.68	$19,944
Apr 2000	0	5,180	24.51	3.12	$16,141
Mar 2000	0	6,571	28.42	2.86	$18,791
Feb 2000	0	6,624	27.62	2.73	$18,060
Jan 2000	0	7,279	25.27	2.48	$18,056
Dec 1999	0	6,689	24.28	2.42	$16,212
Nov 1999	0	6,730	23.19	2.43	$16,381
Oct 1999	0	8,090	20.98	2.80	$22,682
Sep 1999	0	8,035	21.75	2.62	$21,042
Aug 1999	0	8,271	19.26	2.88	$23,784
Jul 1999	0	8,342	17.89	2.37	$19,790
Jun 1999	0	9,572	15.94	2.36	$22,610
May 1999	0	10,700	15.79	2.32	$24,835
Apr 1999	0	10,315	15.10	2.21	$22,776
Mar 1999	0	12,670	12.47	1.84	$23,292
Feb 1999	0	13,804	9.98	1.82	$25,093
Jan 1999	0	13,102	10.38	1.90	$24,893
Dec 1998	0	11,704	9.20	1.77	$20,755
Nov 1998	0	10,841	10.89	2.19	$23,695
Oct 1998	0	13,087	12.42	1.97	$25,771
Sep 1998	0	19,174	12.59	2.08	$39,932
Aug 1998	0	33,934	11.30	1.91	$64,724
Jul 1998	0	12,437	11.74	2.24	$27,825
Jun 1998	0	0	11.24	2.24	$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.

Feb 2008 — as filed, then multipliedworked

Condensate             0 bbl  × $ 92.53 =         $0
Gas                  171 Mcf  × $  8.77 =     $1,500

────────────────────────────────────────────────────
Month total                                   $1,500

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/169588 is the state's own key, not one this site invented.