GIBSON, W.R. ET AL UNIT

Name: GIBSON, W.R. ET AL UNIT lease production and value, Nov 1998 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by LUMINANT MINING COMPANY LLC (P-5 512777) 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 171164District 06Field 664612752 tax incentive programmesCondensateGasSave Export

Value, all time

$3.3 M

Nov 1998 – Nov 2014

Value, last 12 filed months

at the published price for each month

Months reported

193

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	1999-01-07	139832
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	3,109 bbl	$128,320
Gas	Production	687,356 Mcf	$3,127,336
Total			$3,255,656

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 32.2559, -94.7011. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.25587, -94.70112 · 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

10,764 ft

1 wells filed one

Completion to plug

16.0 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 10,764 ft.

Completions filed

Nov 1998

1 of 1 wells

Plug dates filed

Nov 2014

1 of 1 wells

Last completion to plug: a median of 16.0 years across the 1 well that filed both dates, with the middle half between 16.0 years and 16.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-40132897	2	10,764 ft	Nov 1998	Nov 2014	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 (193)

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

193 months


Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	1,112	88.85	3.74	$4,157
Oct 2013	81	1,669	97.42	3.78	$14,199
Sep 2013	0	1,694	104.11	3.72	$6,298
Aug 2013	0	1,652	104.25	3.52	$5,819
Jul 2013	0	1,728	102.52	3.72	$6,424
Jun 2013	0	1,656	94.40	3.93	$6,514
May 2013	0	1,637	94.83	4.15	$6,792
Apr 2013	0	1,742	93.96	4.28	$7,460
Mar 2013	0	1,782	93.62	3.91	$6,973
Feb 2013	0	1,565	91.23	3.42	$5,352
Jan 2013	0	1,748	91.60	3.42	$5,978
Dec 2012	0	1,762	86.77	3.42	$6,026
Nov 2012	0	1,715	86.95	3.62	$6,217
Oct 2012	0	1,766	89.38	3.40	$6,004
Sep 2012	0	1,734	94.67	2.92	$5,061
Aug 2012	0	1,800	92.66	2.91	$5,235
Jul 2012	0	1,813	85.13	3.02	$5,477
Jun 2012	0	1,750	79.82	2.52	$4,408
May 2012	0	1,829	91.61	2.49	$4,551
Apr 2012	77	1,774	101.65	2.00	$11,369
Mar 2012	0	1,840	105.05	2.22	$4,089
Feb 2012	0	1,707	101.10	2.57	$4,387
Jan 2012	0	1,856	98.09	2.73	$5,074
Dec 2011	0	1,928	96.87	3.24	$6,246
Nov 2011	0	1,899	95.72	3.31	$6,288
Oct 2011	0	1,980	84.98	3.65	$7,224
Sep 2011	0	1,908	83.62	3.99	$7,605
Aug 2011	0	2,046	83.40	4.15	$8,490
Jul 2011	0	2,075	94.14	4.52	$9,373
Jun 2011	0	2,033	92.90	4.64	$9,433
May 2011	0	2,179	98.13	4.40	$9,598
Apr 2011	94	1,605	105.96	4.33	$16,915
Mar 2011	0	2,107	96.36	4.06	$8,549
Feb 2011	0	1,937	85.64	4.18	$8,097
Jan 2011	0	1,991	86.50	4.59	$9,136
Dec 2010	0	1,962	85.73	4.35	$8,530
Nov 2010	0	1,913	80.84	3.80	$7,260
Oct 2010	0	1,975	78.10	3.51	$6,930
Sep 2010	0	1,982	72.63	3.98	$7,887
Aug 2010	0	2,062	73.68	4.42	$9,113
Jul 2010	0	2,060	72.55	4.74	$9,757
Jun 2010	0	2,050	70.36	4.91	$10,066
May 2010	0	2,147	71.12	4.24	$9,093
Apr 2010	0	2,095	81.69	4.12	$8,637
Mar 2010	0	2,169	78.39	4.39	$9,519
Feb 2010	0	1,934	73.58	5.44	$10,526
Jan 2010	177	2,164	74.36	5.96	$26,068
Dec 2009	0	2,232	71.44	5.48	$12,240
Nov 2009	0	2,023	74.59	3.75	$7,589
Oct 2009	0	2,083	72.54	4.11	$8,562
Sep 2009	0	2,232	65.54	3.06	$6,841
Aug 2009	0	2,388	67.42	3.22	$7,686
Jul 2009	0	2,477	61.13	3.46	$8,582
Jun 2009	0	2,158	66.16	3.90	$8,405
May 2009	0	2,352	54.74	3.93	$9,233
Apr 2009	0	2,291	46.77	3.59	$8,219
Mar 2009	0	2,314	42.14	4.06	$9,393
Feb 2009	0	2,097	32.81	4.63	$9,715
Jan 2009	0	2,182	35.86	5.37	$11,720
Dec 2008	0	2,237	37.10	5.98	$13,371
Nov 2008	0	2,268	55.49	6.86	$15,559
Oct 2008	0	2,399	75.24	6.92	$16,606
Sep 2008	0	2,331	101.76	7.88	$18,362
Aug 2008	0	2,498	114.22	8.48	$21,191
Jul 2008	0	2,407	131.08	11.39	$27,414
Jun 2008	0	2,327	131.33	13.03	$30,327
May 2008	0	2,455	123.17	11.57	$28,415
Apr 2008	149	2,433	110.31	10.45	$41,873
Mar 2008	0	2,589	101.90	9.66	$25,020
Feb 2008	0	2,428	92.53	8.77	$21,295
Jan 2008	0	2,606	90.38	8.21	$21,384
Dec 2007	1	2,580	88.33	7.30	$18,927
Nov 2007	0	2,545	91.67	7.29	$18,557
Oct 2007	0	2,631	82.85	6.92	$18,212
Sep 2007	0	2,585	75.84	6.24	$16,141
Aug 2007	0	2,680	69.06	6.39	$17,120
Jul 2007	0	2,636	70.90	6.39	$16,839
Jun 2007	0	2,564	62.00	7.55	$19,354
May 2007	0	2,680	58.74	7.85	$21,028
Apr 2007	0	2,380	59.61	7.81	$18,576
Mar 2007	0	2,654	56.92	7.30	$19,379
Feb 2007	0	2,399	55.10	8.22	$19,710
Jan 2007	2	2,682	50.30	6.73	$18,142
Dec 2006	0	2,724	56.65	6.92	$18,846
Nov 2006	0	2,673	54.20	7.62	$20,362
Oct 2006	0	2,768	54.90	6.01	$16,646
Sep 2006	165	2,699	60.08	5.04	$23,509
Aug 2006	0	2,799	68.71	7.34	$20,544
Jul 2006	0	2,824	69.37	6.34	$17,912
Jun 2006	0	2,789	66.28	6.38	$17,805
May 2006	0	2,950	66.01	6.42	$18,954
Apr 2006	0	2,932	64.39	7.36	$21,581
Mar 2006	0	3,049	56.70	7.08	$21,596
Feb 2006	0	2,613	57.59	7.75	$20,254
Jan 2006	0	3,108	60.59	8.93	$27,765
Dec 2005	0	3,171	54.94	13.42	$42,540
Nov 2005	0	2,953	54.69	10.59	$31,268
Oct 2005	0	3,453	58.34	13.80	$47,637
Sep 2005	175	3,239	61.45	12.08	$49,878
Aug 2005	0	3,079	61.51	9.80	$30,164
Jul 2005	0	2,781	55.69	7.84	$21,813
Jun 2005	0	3,148	52.33	7.38	$23,236
May 2005	0	3,411	45.22	6.65	$22,687
Apr 2005	0	3,527	49.20	7.36	$25,960
Mar 2005	0	3,381	50.37	7.15	$24,191
Feb 2005	0	3,490	45.22	6.31	$22,029
Jan 2005	0	3,968	43.16	6.32	$25,086
Dec 2004	0	4,020	39.86	6.75	$27,139
Nov 2004	0	3,474	45.28	6.33	$21,992
Oct 2004	178	3,417	49.70	6.52	$31,109
Sep 2004	0	3,479	43.24	5.28	$18,383
Aug 2004	0	3,331	42.37	5.55	$18,489
Jul 2004	0	3,286	38.28	6.08	$19,993
Jun 2004	0	3,228	36.10	6.43	$20,766
May 2004	0	3,330	37.48	6.49	$21,627
Apr 2004	0	3,606	34.47	5.86	$21,126
Mar 2004	0	3,853	34.36	5.53	$21,308
Feb 2004	0	3,288	32.45	5.51	$18,116
Jan 2004	0	3,765	32.03	6.30	$23,718
Dec 2003	0	4,001	30.26	6.30	$25,213
Nov 2003	0	3,829	28.80	4.60	$17,595
Oct 2003	169	4,068	28.17	4.76	$24,123
Sep 2003	0	4,131	26.31	4.75	$19,620
Aug 2003	0	3,987	29.76	5.13	$20,452
Jul 2003	0	3,873	29.41	5.17	$20,027
Jun 2003	0	3,785	28.56	5.98	$22,646
May 2003	0	3,957	26.59	5.97	$23,634
Apr 2003	0	3,968	26.67	5.41	$21,456
Mar 2003	156	4,345	31.14	6.10	$31,345
Feb 2003	0	3,696	33.48	7.93	$29,294
Jan 2003	0	3,941	30.31	5.58	$21,999
Dec 2002	0	3,986	26.91	4.85	$19,347
Nov 2002	0	3,729	24.66	4.14	$15,427
Oct 2002	0	3,905	26.46	4.23	$16,515
Sep 2002	0	4,019	27.44	3.64	$14,610
Aug 2002	0	3,824	25.96	3.16	$12,100
Jul 2002	0	3,977	24.58	3.06	$12,177
Jun 2002	160	3,986	23.73	3.34	$17,103
May 2002	0	4,117	24.66	3.58	$14,755
Apr 2002	0	4,424	23.65	3.51	$15,539
Mar 2002	0	4,523	22.00	3.10	$14,034
Feb 2002	0	3,957	18.22	2.38	$9,401
Jan 2002	0	4,455	17.17	2.38	$10,584
Dec 2001	0	4,645	16.93	2.36	$10,983
Nov 2001	164	4,674	18.07	2.41	$14,207
Oct 2001	0	4,870	19.78	2.53	$12,316
Sep 2001	0	4,534	24.26	2.25	$10,207
Aug 2001	0	5,144	24.87	3.05	$15,705
Jul 2001	0	4,976	23.93	3.20	$15,909
Jun 2001	0	4,479	24.56	3.82	$17,128
May 2001	0	4,836	25.52	4.31	$20,830
Apr 2001	169	4,746	24.68	5.34	$29,492
Mar 2001	0	5,076	24.54	5.38	$27,291
Feb 2001	0	4,623	27.75	5.77	$26,661
Jan 2001	0	5,637	27.47	8.40	$47,344
Dec 2000	161	5,376	26.88	9.12	$53,370
Nov 2000	0	5,476	32.21	5.66	$30,983
Oct 2000	0	5,448	31.23	5.15	$28,033
Sep 2000	0	5,465	31.87	5.19	$28,344
Aug 2000	0	5,804	29.64	4.54	$26,355
Jul 2000	0	5,431	28.53	4.09	$22,211
Jun 2000	149	5,407	29.30	4.40	$28,142
May 2000	0	5,401	27.26	3.68	$19,874
Apr 2000	141	3,778	24.51	3.12	$15,228
Mar 2000	0	5,743	28.42	2.86	$16,424
Feb 2000	0	5,405	27.62	2.73	$14,737
Jan 2000	0	6,801	25.27	2.48	$16,870
Dec 1999	0	8,060	24.28	2.42	$19,535
Nov 1999	0	7,683	23.19	2.43	$18,700
Oct 1999	0	7,081	20.98	2.80	$19,853
Sep 1999	172	8,247	21.75	2.62	$25,339
Aug 1999	0	7,501	19.26	2.88	$21,570
Jul 1999	0	8,879	17.89	2.37	$21,064
Jun 1999	0	8,906	15.94	2.36	$21,037
May 1999	153	9,611	15.79	2.32	$24,723
Apr 1999	0	18,592	15.10	2.21	$41,052
Mar 1999	154	8,617	12.47	1.84	$17,761
Feb 1999	0	16,822	9.98	1.82	$30,579
Jan 1999	131	19,988	10.38	1.90	$39,336
Dec 1998	131	19,419	9.20	1.77	$35,641
Nov 1998	0	27,731	10.89	2.19	$60,612

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 2013 — as filed, then multipliedworked

Condensate             0 bbl  × $ 88.85 =         $0
Gas                1,112 Mcf  × $  3.74 =     $4,157

────────────────────────────────────────────────────
Month total                                   $4,157

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/171164 is the state's own key, not one this site invented.