BURNETT GAS UNIT

Operated by VERADO ENERGY, INC. (P-5 884563) 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 176908District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.4 M
Feb 2000 – Nov 2020
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
250
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 Gas112000-06-22142033
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
CondensateDisposition425 bbl$17,443
GasProduction288,482 Mcf$1,338,284
Total$1,355,728

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 32.2885, -94.6504. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.28846, -94.65035 · 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
10,700 ft
1 wells filed one
Completion to plug
20.8 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 10,700 ft.

Completions filed
Feb 2000
1 of 1 wells
Plug dates filed
Nov 2020
1 of 1 wells

Last completion to plug: a median of 20.8 years across the 1 well that filed both dates, with the middle half between 20.8 years and 20.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-40132957210,700 ftFeb 2000Nov 2020Yes

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 (250)

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

250 months

Nov 20200038.772.71$0
Oct 2020027436.972.48$679
Sep 20202731337.091.99$1,625
Aug 2020035439.982.39$844
Jul 2020028338.371.83$517
Jun 2020027934.901.69$472
May 2020025216.921.81$457
Apr 2020024114.751.80$435
Mar 2020024930.341.86$462
Feb 2020023949.881.98$473
Jan 2020025557.252.09$534
Dec 2019026059.012.30$599
Nov 2019024155.302.75$663
Oct 2019030553.472.42$738
Sep 2019034555.052.66$917
Aug 2019037653.112.30$866
Jul 2019023856.272.46$585
Jun 2019010552.782.49$262
May 2019010558.482.74$288
Apr 2019013762.632.75$377
Mar 2019017356.803.06$530
Feb 2019013550.852.79$377
Jan 2019018646.033.23$600
Dec 2018016746.594.19$699
Nov 2018016552.934.24$699
Oct 2018018161.443.40$615
Sep 2018022559.543.11$699
Aug 2018022759.403.07$696
Jul 2018025465.142.93$745
Jun 2018011260.183.08$345
May 2018012165.382.90$351
Apr 2018014363.842.90$415
Mar 2018017061.222.79$474
Feb 2018010861.782.77$299
Jan 2018026262.874.01$1,050
Dec 2017028357.272.92$827
Nov 2017025755.423.12$801
Oct 2017028049.292.98$835
Sep 2017029347.523.09$905
Aug 2017031445.373.00$943
Jul 2017029243.873.09$901
Jun 2017024542.493.09$756
May 2017024945.373.26$813
Apr 2017025647.933.21$822
Mar 2017029146.772.98$868
Feb 2017025050.452.95$738
Jan 2017029049.413.42$991
Dec 2016026948.763.72$1,001
Nov 2016022342.492.64$590
Oct 2016021946.193.09$677
Sep 2016022741.553.10$704
Aug 2016021441.442.92$626
Jul 2016020241.622.92$591
Jun 2016021945.352.69$588
May 2016025742.521.99$512
Apr 2016026736.561.99$532
Mar 2016027433.011.79$492
Feb 2016024726.472.06$510
Jan 2016022327.352.36$527
Dec 2015023332.362.00$466
Nov 2015020438.792.17$442
Oct 2015026343.552.43$638
Sep 2015022942.992.76$632
Aug 2015021040.162.87$603
Jul 2015021748.152.95$639
Jun 2015029856.152.88$859
May 2015031355.212.96$925
Apr 2015032249.822.71$872
Mar 2015039042.892.93$1,145
Feb 2015036244.662.98$1,077
Jan 2015042243.433.10$1,308
Dec 2014048754.693.59$1,749
Nov 2014034370.464.25$1,458
Oct 2014044278.303.90$1,724
Sep 2014038686.164.05$1,562
Aug 2014053389.394.04$2,151
Jul 2014046196.564.18$1,927
Jun 2014046798.164.74$2,212
May 2014047194.734.73$2,226
Apr 2014047695.944.81$2,289
Mar 2014051795.895.06$2,614
Feb 2014047697.406.19$2,947
Jan 2014065390.404.86$3,174
Dec 2013073091.824.35$3,179
Nov 2013075688.853.74$2,826
Oct 2013085597.423.78$3,231
Sep 20132964104.113.72$3,792
Aug 20130577104.253.52$2,033
Jul 201301,205102.523.72$4,480
Jun 2013020094.403.93$787
May 2013014094.834.15$581
Apr 2013023893.964.28$1,019
Mar 2013037093.623.91$1,448
Feb 2013035491.233.42$1,211
Jan 2013039391.603.42$1,344
Dec 2012082586.773.42$2,822
Nov 2012050586.953.62$1,831
Oct 2012046389.383.40$1,574
Sep 2012066794.672.92$1,947
Aug 201201,00292.662.91$2,914
Jul 2012082985.133.02$2,504
Jun 2012058879.822.52$1,481
May 2012079891.612.49$1,986
Apr 201201,156101.652.00$2,308
Mar 201202,080105.052.22$4,622
Feb 20120720101.102.57$1,851
Jan 2012082998.092.73$2,267
Dec 2011083996.873.24$2,718
Nov 2011061295.723.31$2,027
Oct 2011090284.983.65$3,291
Sep 2011084883.623.99$3,380
Aug 2011095083.404.15$3,942
Jul 2011093094.144.52$4,201
Jun 2011075592.904.64$3,503
May 2011082398.134.40$3,625
Apr 20110749105.964.33$3,246
Mar 2011075396.364.06$3,055
Feb 2011191785.644.18$3,919
Jan 2011084486.504.59$3,873
Dec 2010081085.734.35$3,522
Nov 2010070180.843.80$2,661
Oct 2010060178.103.51$2,109
Sep 2010065872.633.98$2,618
Aug 2010070073.684.42$3,094
Jul 2010070172.554.74$3,320
Jun 2010034970.364.91$1,714
May 2010055071.124.24$2,329
Apr 2010067981.694.12$2,799
Mar 2010079378.394.39$3,480
Feb 2010066773.585.44$3,630
Jan 2010092074.365.96$5,487
Dec 20091091,00671.445.48$13,304
Nov 2009091674.593.75$3,436
Oct 200901,02372.544.11$4,205
Sep 200901,02065.543.06$3,126
Aug 2009096567.423.22$3,106
Jul 2009095161.133.46$3,295
Jun 2009089966.163.90$3,502
May 200901,00054.743.93$3,926
Apr 2009095846.773.59$3,437
Mar 2009098242.144.06$3,986
Feb 2009090532.814.63$4,193
Jan 2009077535.865.37$4,163
Dec 2008068037.105.98$4,064
Nov 2008078355.496.86$5,372
Oct 2008075875.246.92$5,247
Sep 20080724101.767.88$5,703
Aug 20080703114.228.48$5,964
Jul 20080671131.0811.39$7,642
Jun 20080639131.3313.03$8,328
May 20080809123.1711.57$9,364
Apr 20080696110.3110.45$7,277
Mar 20080452101.909.66$4,368
Feb 2008013992.538.77$1,219
Jan 2008027790.388.21$2,273
Dec 2007023588.337.30$1,716
Nov 2007014491.677.29$1,050
Oct 2007013682.856.92$941
Sep 2007011175.846.24$693
Aug 2007015069.066.39$958
Jul 2007035470.906.39$2,261
Jun 200709762.007.55$732
May 2007110658.747.85$890
Apr 200707759.617.81$601
Mar 200706656.927.30$482
Feb 200709955.108.22$813
Jan 2007073350.306.73$4,931
Dec 200601,19056.656.92$8,233
Nov 200601,46354.207.62$11,144
Oct 200605254.906.01$313
Sep 2006111460.085.04$634
Aug 2006033168.717.34$2,430
Jul 2006157869.376.34$3,735
Jun 2006082166.286.38$5,241
May 2006067266.016.42$4,318
Apr 2006073364.397.36$5,395
Mar 200601,31656.707.08$9,321
Feb 200601,33857.597.75$10,371
Jan 2006064660.598.93$5,771
Dec 200501,13354.9413.42$15,200
Nov 200501,22554.6910.59$12,971
Oct 200501,21158.3413.80$16,707
Sep 200501,69261.4512.08$20,438
Aug 200501,43561.519.80$14,058
Jul 200501,64455.697.84$12,895
Jun 200501,64752.337.38$12,157
May 200501,33445.226.65$8,873
Apr 200501,18149.207.36$8,693
Mar 200501,45450.377.15$10,403
Feb 200501,37145.226.31$8,654
Jan 200501,32443.166.32$8,371
Dec 2004094139.866.75$6,353
Nov 2004036745.286.33$2,323
Oct 2004067349.706.52$4,385
Sep 2004055343.245.28$2,922
Aug 2004047242.375.55$2,620
Jul 2004016538.286.08$1,004
Jun 2004091736.106.43$5,899
May 2004084337.486.49$5,475
Apr 2004072634.475.86$4,253
Mar 200401,23334.365.53$6,819
Feb 200401,01432.455.51$5,587
Jan 2004017632.036.30$1,109
Dec 2003085230.266.30$5,369
Nov 200301,11628.804.60$5,128
Oct 200301,82428.174.76$8,682
Sep 200302,04126.314.75$9,693
Aug 2003342,69229.765.13$14,821
Jul 2003341,81629.415.17$10,390
Jun 2003231,48828.565.98$9,560
May 200323,14626.595.97$18,843
Apr 200301,46026.675.41$7,895
Mar 200301,33031.146.10$8,108
Feb 200301,69033.487.93$13,395
Jan 200301,76230.315.58$9,836
Dec 2002076826.914.85$3,728
Nov 200201,04324.664.14$4,315
Oct 200201,17026.464.23$4,948
Sep 2002095327.443.64$3,464
Aug 2002096125.963.16$3,041
Jul 2002097224.583.06$2,976
Jun 200201,33423.733.34$4,453
May 200201,19824.663.58$4,294
Apr 200201,14023.653.51$4,004
Mar 200201,76022.003.10$5,461
Feb 200201,52018.222.38$3,611
Jan 200202,21017.172.38$5,250
Dec 200102,54816.932.36$6,024
Nov 200102,07018.072.41$4,979
Oct 200102,57419.782.53$6,509
Sep 200102,78624.262.25$6,272
Aug 200103,69224.873.05$11,272
Jul 200103,62623.933.20$11,593
Jun 200103,53124.563.82$13,503
May 200104,56025.524.31$19,641
Apr 2001453,62624.685.34$20,456
Mar 200105,20624.545.38$27,990
Feb 200103,53227.755.77$20,369
Jan 200104,51127.478.40$37,887
Dec 200004,31626.889.12$39,373
Nov 200004,74832.215.66$26,864
Oct 20001176,08031.235.15$34,939
Sep 200006,24931.875.19$32,410
Aug 200007,19429.644.54$32,666
Jul 200007,59228.534.09$31,049
Jun 200008,06729.304.40$35,473
May 200009,25927.263.68$34,071
Apr 2000289,43824.513.12$30,095
Mar 2000013,21828.422.86$37,800
Feb 2000020,69827.622.73$56,433

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.

Oct 2020 — as filed, then multipliedworked
Condensate             0 bbl  × $ 36.97 =         $0
Gas                  274 Mcf  × $  2.48 =       $679

────────────────────────────────────────────────────
Month total                                     $679

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/176908 is the state's own key, not one this site invented.