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 178181District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.4 M
May 2000 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
313
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 Gas112001-01-16142439
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
CondensateDisposition1,037 bbl$46,330
GasProduction659,656 Mcf$3,309,220
Total$3,355,550

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 32.1945, -94.8242. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.19454, -94.82417 · 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
10,875 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 10,875 ft.

Completions filed
May 2000
1 of 1 wells

1 well

42-40132994410,875 ftMay 2000

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 (313)

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

313 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 202407369.612.36$173
Aug 2024015275.632.06$314
Jul 202405379.932.15$114
Jun 202404678.082.63$121
May 202404578.812.20$99
Apr 202405084.451.66$83
Mar 2024042380.301.55$654
Feb 202408076.091.78$143
Jan 2024027373.023.30$900
Dec 202307271.262.61$188
Nov 2023048077.892.81$1,348
Oct 2023055185.443.09$1,701
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 202301,51078.122.24$3,379
Mar 202301,49772.852.39$3,583
Feb 2023088975.112.47$2,192
Jan 202307776.533.39$261
Dec 2022010976.415.73$624
Nov 202202685.005.65$147
Oct 2022010887.185.86$633
Sep 2022014584.888.16$1,184
Aug 202208894.529.13$803
Jul 20220363101.587.54$2,738
Jun 20220670115.097.98$5,345
May 202201,454109.378.43$12,262
Apr 202201,335104.226.84$9,128
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 2021030979.795.71$1,766
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 2021075160.362.76$2,072
Mar 2021025561.302.72$693
Feb 20210057.805.55$0
Jan 2021016750.412.81$469
Dec 2020022644.642.68$605
Nov 2020011338.772.71$306
Oct 2020017436.972.48$431
Sep 202007737.091.99$153
Aug 2020011039.982.39$262
Jul 2020022338.371.83$407
Jun 2020017434.901.69$294
May 2020021016.921.81$381
Apr 2020016114.751.80$291
Mar 2020020530.341.86$381
Feb 2020011949.881.98$236
Jan 2020038557.252.09$806
Dec 2019034159.012.30$786
Nov 2019029155.302.75$800
Oct 2019024253.472.42$585
Sep 201909855.052.66$260
Aug 2019016453.112.30$378
Jul 2019042756.272.46$1,050
Jun 2019043052.782.49$1,071
May 2019054958.482.74$1,504
Apr 2019072462.632.75$1,992
Mar 2019067556.803.06$2,067
Feb 2019076950.852.79$2,147
Jan 2019073046.033.23$2,357
Dec 2018078046.594.19$3,265
Nov 2018194152.934.24$4,040
Oct 201801,40861.443.40$4,785
Sep 201801,46459.543.11$4,550
Aug 201801,38559.403.07$4,247
Jul 201801,32865.142.93$3,894
Jun 201801,29260.183.08$3,975
May 201801,54665.382.90$4,485
Apr 201801,46363.842.90$4,244
Mar 201801,64161.222.79$4,573
Feb 201801,01461.782.77$2,805
Jan 201801,10062.874.01$4,410
Dec 201701,27157.272.92$3,713
Nov 201701,24455.423.12$3,879
Oct 201701,17449.292.98$3,503
Sep 201701,25447.523.09$3,871
Aug 2017241,42145.373.00$5,358
Jul 201701,36643.873.09$4,217
Jun 201701,13242.493.09$3,495
May 201701,22845.373.26$4,007
Apr 201701,18747.933.21$3,812
Mar 201701,16646.772.98$3,479
Feb 201701,18350.452.95$3,493
Jan 201701,33649.413.42$4,568
Dec 201601,49448.763.72$5,562
Nov 2016099542.492.64$2,631
Oct 2016096046.193.09$2,967
Sep 2016088041.553.10$2,729
Aug 2016083841.442.92$2,451
Jul 201601,00941.622.92$2,951
Jun 201611,28145.352.69$3,486
May 201601,14242.521.99$2,274
Apr 201601,41236.561.99$2,811
Mar 201601,19833.011.79$2,149
Feb 201601,19826.472.06$2,472
Jan 201601,39927.352.36$3,308
Dec 201501,44032.362.00$2,882
Nov 201501,51738.792.17$3,288
Oct 2015171,57443.552.43$4,560
Sep 201501,56142.992.76$4,306
Aug 201501,56740.162.87$4,501
Jul 201501,63648.152.95$4,818
Jun 2015097956.152.88$2,822
May 201501,29055.212.96$3,813
Apr 201521,64949.822.71$4,563
Mar 201501,74742.892.93$5,127
Feb 201501,63744.662.98$4,872
Jan 201501,38843.433.10$4,304
Dec 201401,95554.693.59$7,021
Nov 201401,87970.464.25$7,989
Oct 201401,68678.303.90$6,577
Sep 201401,82986.164.05$7,399
Aug 201401,90389.394.04$7,679
Jul 201401,94096.564.18$8,108
Jun 201401,93998.164.74$9,185
May 201402,00094.734.73$9,453
Apr 201481,81995.944.81$9,515
Mar 201401,51895.895.06$7,676
Feb 201401,36697.406.19$8,458
Jan 201401,73090.404.86$8,409
Dec 201301,98991.824.35$8,661
Nov 201301,58588.853.74$5,925
Oct 201301,14097.423.78$4,308
Sep 201301,161104.113.72$4,316
Aug 201301,255104.253.52$4,421
Jul 201301,262102.523.72$4,692
Jun 201301,24294.403.93$4,885
May 201301,28694.834.15$5,336
Apr 201301,23893.964.28$5,302
Mar 201301,36593.623.91$5,341
Feb 2013063991.233.42$2,185
Jan 2013079191.603.42$2,705
Dec 2012092986.773.42$3,177
Nov 2012291,35986.953.62$7,448
Oct 201201,38689.383.40$4,712
Sep 201201,55294.672.92$4,529
Aug 201201,74792.662.91$5,081
Jul 201201,79985.133.02$5,434
Jun 201201,85279.822.52$4,665
May 201201,72191.612.49$4,282
Apr 201201,856101.652.00$3,706
Mar 201201,563105.052.22$3,473
Feb 201201,503101.102.57$3,863
Jan 201202,02198.092.73$5,526
Dec 201102,01196.873.24$6,515
Nov 201101,99895.723.31$6,616
Oct 201102,02684.983.65$7,392
Sep 201102,06183.623.99$8,215
Aug 201102,15983.404.15$8,958
Jul 201102,38294.144.52$10,760
Jun 201102,11992.904.64$9,832
May 2011512,27198.134.40$15,008
Apr 201102,259105.964.33$9,789
Mar 201102,42096.364.06$9,819
Feb 201101,77385.644.18$7,411
Jan 201102,22386.504.59$10,201
Dec 201002,30785.734.35$10,030
Nov 201002,07480.843.80$7,872
Oct 201002,22878.103.51$7,818
Sep 201002,03272.633.98$8,086
Aug 201002,20373.684.42$9,736
Jul 201002,26072.554.74$10,704
Jun 201002,35670.364.91$11,569
May 2010272,55571.124.24$12,741
Apr 201002,38181.694.12$9,816
Mar 201002,15778.394.39$9,466
Feb 201001,75973.585.44$9,573
Jan 201001,44274.365.96$8,600
Dec 200902,12171.445.48$11,631
Nov 2009281,85374.593.75$9,040
Oct 200901,29772.544.11$5,331
Sep 200901,62365.543.06$4,974
Aug 200901,98867.423.22$6,398
Jul 200902,08561.133.46$7,223
Jun 200902,07466.163.90$8,078
May 200901,83654.743.93$7,208
Apr 200902,15446.773.59$7,727
Mar 200902,20442.144.06$8,946
Feb 200902,03232.814.63$9,414
Jan 200902,24635.865.37$12,063
Dec 200802,46937.105.98$14,758
Nov 200802,29155.496.86$15,717
Oct 200802,56675.246.92$17,762
Sep 200802,271101.767.88$17,889
Aug 2008432,275114.228.48$24,210
Jul 200802,365131.0811.39$26,936
Jun 200802,482131.3313.03$32,347
May 200802,463123.1711.57$28,507
Apr 200802,465110.3110.45$25,771
Mar 200802,207101.909.66$21,329
Feb 200801,98092.538.77$17,366
Jan 200801,29190.388.21$10,594
Dec 200702,10188.337.30$15,341
Nov 200702,53591.677.29$18,484
Oct 200702,44982.856.92$16,952
Sep 200702,47075.846.24$15,423
Aug 200702,52769.066.39$16,142
Jul 200702,66470.906.39$17,017
Jun 200703,10262.007.55$23,415
May 2007553,25358.747.85$28,755
Apr 200703,49559.617.81$27,279
Mar 200703,50056.927.30$25,557
Feb 200701,65255.108.22$13,573
Jan 200702,68250.306.73$18,041
Dec 200602,93656.656.92$20,313
Nov 200602,65454.207.62$20,217
Oct 200603,17354.906.01$19,082
Sep 200603,33860.085.04$16,814
Aug 200602,52568.717.34$18,533
Jul 200603,10569.376.34$19,694
Jun 200604,73066.286.38$30,196
May 200601,80066.016.42$11,565
Apr 2006352,89164.397.36$23,533
Mar 200603,27556.707.08$23,197
Feb 200603,00757.597.75$23,308
Jan 200601,23260.598.93$11,006
Dec 200501,66154.9413.42$22,283
Nov 200501,79654.6910.59$19,017
Oct 200501,89358.3413.80$26,115
Sep 200502,56461.4512.08$30,971
Aug 200502,15361.519.80$21,093
Jul 200502,32055.697.84$18,197
Jun 2005411,91852.337.38$16,302
May 200502,90045.226.65$19,288
Apr 200502,81649.207.36$20,727
Mar 200503,36050.377.15$24,040
Feb 200503,30145.226.31$20,836
Jan 200503,44043.166.32$21,748
Dec 200403,79339.866.75$25,607
Nov 200403,72645.286.33$23,587
Oct 2004474,35049.706.52$30,677
Sep 200404,57143.245.28$24,153
Aug 200404,56642.375.55$25,344
Jul 200404,68538.286.08$28,504
Jun 200404,34036.106.43$27,919
May 200404,54337.486.49$29,505
Apr 200404,42834.475.86$25,941
Mar 2004444,60134.365.53$26,956
Feb 200404,33632.455.51$23,890
Jan 200404,73532.036.30$29,829
Dec 200304,94530.266.30$31,162
Nov 200304,65328.804.60$21,381
Oct 2003444,38828.174.76$22,125
Sep 200304,99926.314.75$23,742
Aug 200302,99429.765.13$15,358
Jul 200302,86929.415.17$14,835
Jun 200312,75128.565.98$16,488
May 200313,11926.595.97$18,655
Apr 200303,45626.675.41$18,688
Mar 2003443,79631.146.10$24,511
Feb 200332,93633.487.93$23,371
Jan 200303,36230.315.58$18,767
Dec 200214,06626.914.85$19,762
Nov 200223,69224.664.14$15,323
Oct 200214,06826.464.23$17,231
Sep 200213,36927.443.64$12,274
Aug 2002453,99325.963.16$13,803
Jul 200234,11124.583.06$12,661
Jun 200234,23723.733.34$14,215
May 200213,05024.663.58$10,956
Apr 2002504,15323.653.51$15,769
Mar 200214,05922.003.10$12,616
Feb 200213,24018.222.38$7,715
Jan 2002464,06117.172.38$10,437
Dec 200124,75016.932.36$11,265
Nov 200104,98618.072.41$11,994
Oct 200103,98419.782.53$10,075
Sep 200104,79124.262.25$10,786
Aug 200106,01924.873.05$18,377
Jul 2001435,92923.933.20$19,984
Jun 200106,72824.563.82$25,729
May 200106,12825.524.31$26,395
Apr 200106,39524.685.34$34,119
Mar 2001617,37024.545.38$41,121
Feb 2001486,61427.755.77$39,475
Jan 2001197,60127.478.40$64,361
Dec 200008,05726.889.12$73,500
Nov 2000599,38332.215.66$54,989
Oct 2000110,89631.235.15$56,097
Sep 2000910,66331.875.19$55,590
Aug 2000011,95529.644.54$54,285
Jul 2000114,65928.534.09$59,980
Jun 20008321,21129.304.40$95,702
May 20001021,59627.263.68$79,740

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.

Sep 2024 — as filed, then multipliedworked
Condensate             0 bbl  × $ 69.61 =         $0
Gas                   73 Mcf  × $  2.36 =       $173

────────────────────────────────────────────────────
Month total                                     $173

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/178181 is the state's own key, not one this site invented.