GANDY, VIRGINIA A. GAS UNIT

Operated by CRATON OPERATING LLC (P-5 186717) 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 173433District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.9 M
May 1999 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
325
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111999-08-16140816
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
CondensateDisposition1,160 bbl$37,970
GasProduction623,060 Mcf$2,813,593
Total$2,851,563

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 32.2010, -94.8246. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.20098, -94.82457 · 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
10,855 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 10,855 ft.

Completions filed
May 1999
1 of 1 wells

1 well

42-40132923310,855 ftMay 1999

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 (325)

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

325 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
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 202302677.892.81$73
Oct 202303085.443.09$93
Sep 2023074389.042.74$2,032
Aug 2023013880.522.67$369
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 2022019184.888.16$1,559
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 2016041036.561.99$816
Mar 2016044333.011.79$795
Feb 2016036826.472.06$759
Jan 2016035427.352.36$837
Dec 2015037032.362.00$741
Nov 2015039838.792.17$863
Oct 20151931843.552.43$1,599
Sep 2015033342.992.76$919
Aug 2015032840.162.87$942
Jul 2015031548.152.95$928
Jun 2015033756.152.88$972
May 2015034455.212.96$1,017
Apr 2015037449.822.71$1,012
Mar 2015038142.892.93$1,118
Feb 2015026744.662.98$795
Jan 2015026743.433.10$828
Dec 2014029054.693.59$1,041
Nov 2014027570.464.25$1,169
Oct 2014028578.303.90$1,112
Sep 2014029386.164.05$1,185
Aug 2014032589.394.04$1,311
Jul 2014028496.564.18$1,187
Jun 2014029098.164.74$1,374
May 2014023994.734.73$1,130
Apr 2014119995.944.81$1,053
Mar 2014025995.895.06$1,310
Feb 2014021497.406.19$1,325
Jan 2014022690.404.86$1,099
Dec 2013020991.824.35$910
Nov 2013033788.853.74$1,260
Oct 2013016797.423.78$631
Sep 20130168104.113.72$625
Aug 20130185104.253.52$652
Jul 20130173102.523.72$643
Jun 2013020294.403.93$795
May 2013018894.834.15$780
Apr 2013016393.964.28$698
Mar 2013016493.623.91$642
Feb 2013014591.233.42$496
Jan 2013016291.603.42$554
Dec 2012013786.773.42$469
Nov 20121216286.953.62$1,631
Oct 2012020889.383.40$707
Sep 201205594.672.92$161
Aug 20120092.662.91$0
Jul 201201685.133.02$48
Jun 201206079.822.52$151
May 2012010991.612.49$271
Apr 2012096101.652.00$192
Mar 2012046105.052.22$102
Feb 2012044101.102.57$113
Jan 201207498.092.73$202
Dec 2011010596.873.24$340
Nov 2011013595.723.31$447
Oct 201114684.983.65$253
Sep 2011016183.623.99$642
Aug 2011012283.404.15$506
Jul 201108394.144.52$375
Jun 2011018992.904.64$877
May 2011016598.134.40$727
Apr 2011051105.964.33$221
Mar 201106596.364.06$264
Feb 201104485.644.18$184
Jan 2011024586.504.59$1,124
Dec 2010028285.734.35$1,226
Nov 2010017180.843.80$649
Oct 2010019178.103.51$670
Sep 2010021972.633.98$872
Aug 2010018773.684.42$826
Jul 2010021572.554.74$1,018
Jun 2010022770.364.91$1,115
May 2010119971.124.24$914
Apr 2010026981.694.12$1,109
Mar 2010023578.394.39$1,031
Feb 2010027373.585.44$1,486
Jan 2010028974.365.96$1,724
Dec 2009026971.445.48$1,475
Nov 20092235074.593.75$2,954
Oct 2009032272.544.11$1,324
Sep 2009034365.543.06$1,051
Aug 2009034767.423.22$1,117
Jul 2009040261.133.46$1,393
Jun 2009039666.163.90$1,542
May 2009041454.743.93$1,625
Apr 2009042746.773.59$1,532
Mar 2009049842.144.06$2,021
Feb 2009043732.814.63$2,025
Jan 2009042635.865.37$2,288
Dec 2008045737.105.98$2,732
Nov 2008047155.496.86$3,231
Oct 2008050975.246.92$3,523
Sep 20080471101.767.88$3,710
Aug 200816550114.228.48$6,493
Jul 20080599131.0811.39$6,822
Jun 20080595131.3313.03$7,754
May 20080561123.1711.57$6,493
Apr 20080580110.3110.45$6,064
Mar 20080496101.909.66$4,793
Feb 2008054992.538.77$4,815
Jan 2008052190.388.21$4,275
Dec 2007054188.337.30$3,950
Nov 2007056891.677.29$4,142
Oct 2007049882.856.92$3,447
Sep 2007053075.846.24$3,309
Aug 2007058769.066.39$3,750
Jul 2007060970.906.39$3,890
Jun 2007055862.007.55$4,212
May 2007954458.747.85$4,797
Apr 2007058759.617.81$4,582
Mar 2007059956.927.30$4,374
Feb 2007062955.108.22$5,168
Jan 2007077150.306.73$5,186
Dec 2006063156.656.92$4,366
Nov 2006076854.207.62$5,850
Oct 2006046954.906.01$2,820
Sep 2006064560.085.04$3,249
Aug 2006074768.717.34$5,483
Jul 200601,10169.376.34$6,983
Jun 200603,61266.286.38$23,059
May 200604,72066.016.42$30,326
Apr 2006261,46664.397.36$12,465
Mar 200601,52056.707.08$10,766
Feb 200601,65457.597.75$12,820
Jan 200601,80960.598.93$16,160
Dec 200502,12054.9413.42$28,441
Nov 200502,85854.6910.59$30,262
Oct 200502,49058.3413.80$34,351
Sep 200502,68161.4512.08$32,384
Aug 200502,46161.519.80$24,110
Jul 2005098855.697.84$7,750
Jun 2005372,84052.337.38$22,898
May 200502,48945.226.65$16,555
Apr 200504,64149.207.36$34,160
Mar 200504,63850.377.15$33,184
Feb 200564,57845.226.31$29,167
Jan 200505,39343.166.32$34,096
Dec 200404,82639.866.75$32,581
Nov 200404,69445.286.33$29,715
Oct 2004504,73549.706.52$33,334
Sep 200404,18743.245.28$22,124
Aug 200404,87842.375.55$27,076
Jul 200405,00538.286.08$30,451
Jun 200404,52636.106.43$29,116
May 200404,94437.486.49$32,109
Apr 200405,10634.475.86$29,913
Mar 2004415,21734.365.53$30,260
Feb 200405,29032.455.51$29,146
Jan 200405,76732.036.30$36,330
Dec 200365,65630.266.30$35,824
Nov 200305,33128.804.60$24,497
Oct 2003726,00128.174.76$30,591
Sep 200306,41426.314.75$30,462
Aug 200373,99329.765.13$20,691
Jul 200303,54029.415.17$18,305
Jun 200313,72528.565.98$22,315
May 200325,62226.595.97$33,632
Apr 200305,30026.675.41$28,659
Mar 2003745,96631.146.10$38,673
Feb 200346,01033.487.93$47,768
Jan 200315,01230.315.58$28,007
Dec 200224,53626.914.85$22,070
Nov 200245,85024.664.14$24,300
Oct 200225,65326.464.23$23,960
Sep 200225,97627.443.64$21,779
Aug 20021085,75025.963.16$20,998
Jul 200256,02324.583.06$18,564
Jun 200256,37123.733.34$21,387
May 200226,80524.663.58$24,438
Apr 2002665,56523.653.51$21,107
Mar 200226,65122.003.10$20,680
Feb 200225,66318.222.38$13,490
Jan 2002776,76917.172.38$17,403
Dec 200126,51716.932.36$15,443
Nov 200117,91818.072.41$19,065
Oct 200104,87819.782.53$12,336
Sep 200105,36124.262.25$12,069
Aug 200107,06524.873.05$21,571
Jul 20011117,42023.933.20$26,379
Jun 200108,38524.563.82$32,066
May 200107,72225.524.31$33,261
Apr 200107,49924.685.34$40,010
Mar 2001647,86324.545.38$43,846
Feb 2001547,62227.755.77$45,455
Jan 2001218,10427.478.40$68,640
Dec 200007,96526.889.12$72,661
Nov 2000538,65732.215.66$50,688
Oct 200019,48831.235.15$48,852
Sep 200078,80531.875.19$45,890
Aug 200009,66629.644.54$43,891
Jul 2000110,27428.534.09$42,047
Jun 20005010,97129.304.40$49,707
May 2000613,35627.263.68$49,310
Apr 200008,90924.513.12$27,760
Mar 2000113,22728.422.86$37,854
Feb 20009610,57827.622.73$31,492
Jan 2000110,29125.272.48$25,552
Dec 1999011,53824.282.42$27,965
Nov 1999211,91823.192.43$29,055
Oct 1999015,16320.982.80$42,513
Sep 1999015,66921.752.62$41,035
Aug 1999019,24319.262.88$55,335
Jul 1999021,69217.892.37$51,461
Jun 1999426,49515.942.36$62,648
May 199906,76215.792.32$15,695

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 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 77.89 =         $0
Gas                   26 Mcf  × $  2.81 =        $73

────────────────────────────────────────────────────
Month total                                      $73

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/173433 is the state's own key, not one this site invented.