WALDRON, M.L. GU #1

Name: WALDRON, M.L. GU #1 lease production and value, Sep 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SABINE OIL & GAS CORPORATION (P-5 742143) 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 185509District 06Field 664612752 tax incentive programmesCondensateGasSave Export

Value, all time

$4.6 M

Sep 2001 – Jul 2020

Value, last 12 filed months

at the published price for each month

Months reported

227

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	2001-11-26	145347
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	7,572 bbl	$363,721
Gas	Production	830,023 Mcf	$4,220,378
Total			$4,584,099

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 32.4104, -94.5266. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.41043, -94.52662 · 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

10,420 ft

1 wells filed one

Completion to plug

20 months

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 10,420 ft.

Completions filed

Nov 2018

1 of 1 wells

Plug dates filed

Jul 2020

1 of 1 wells

Last completion to plug: a median of 20 months across the 1 well that filed both dates, with the middle half between 20 months and 20 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20332634	5	10,420 ft	Nov 2018	Jul 2020	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 (227)

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

227 months


Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
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	0	88.85	3.74	$0
Oct 2013	3	528	97.42	3.78	$2,288
Sep 2013	3	3,571	104.11	3.72	$13,588
Aug 2013	9	4,155	104.25	3.52	$15,575
Jul 2013	4	2,581	102.52	3.72	$10,006
Jun 2013	23	2,843	94.40	3.93	$13,354
May 2013	0	3,671	94.83	4.15	$15,231
Apr 2013	7	3,326	93.96	4.28	$14,902
Mar 2013	1	3,372	93.62	3.91	$13,288
Feb 2013	17	3,490	91.23	3.42	$13,486
Jan 2013	1	3,833	91.60	3.42	$13,200
Dec 2012	13	2,462	86.77	3.42	$9,548
Nov 2012	2	1,851	86.95	3.62	$6,884
Oct 2012	25	3,638	89.38	3.40	$14,603
Sep 2012	25	3,495	94.67	2.92	$12,567
Aug 2012	0	3,815	92.66	2.91	$11,095
Jul 2012	24	3,617	85.13	3.02	$12,969
Jun 2012	27	3,664	79.82	2.52	$11,385
May 2012	28	3,708	91.61	2.49	$11,792
Apr 2012	0	3,660	101.65	2.00	$7,308
Mar 2012	33	3,746	105.05	2.22	$11,791
Feb 2012	28	3,722	101.10	2.57	$12,397
Jan 2012	0	3,820	98.09	2.73	$10,444
Dec 2011	0	3,775	96.87	3.24	$12,230
Nov 2011	39	3,732	95.72	3.31	$16,091
Oct 2011	60	3,842	84.98	3.65	$19,116
Sep 2011	28	3,702	83.62	3.99	$17,097
Aug 2011	34	3,790	83.40	4.15	$18,562
Jul 2011	34	3,686	94.14	4.52	$19,851
Jun 2011	29	3,604	92.90	4.64	$19,416
May 2011	32	4,038	98.13	4.40	$20,927
Apr 2011	33	3,448	105.96	4.33	$18,438
Mar 2011	74	4,023	96.36	4.06	$23,453
Feb 2011	31	3,668	85.64	4.18	$17,987
Jan 2011	29	4,166	86.50	4.59	$21,625
Dec 2010	31	4,121	85.73	4.35	$20,575
Nov 2010	37	4,125	80.84	3.80	$18,647
Oct 2010	37	4,629	78.10	3.51	$19,132
Sep 2010	36	4,697	72.63	3.98	$21,306
Aug 2010	34	4,570	73.68	4.42	$22,702
Jul 2010	31	4,309	72.55	4.74	$22,659
Jun 2010	36	4,220	70.36	4.91	$23,255
May 2010	67	4,334	71.12	4.24	$23,120
Apr 2010	0	4,391	81.69	4.12	$18,103
Mar 2010	30	4,409	78.39	4.39	$21,701
Feb 2010	34	4,089	73.58	5.44	$24,756
Jan 2010	31	3,884	74.36	5.96	$25,470
Dec 2009	32	4,307	71.44	5.48	$25,905
Nov 2009	0	4,630	74.59	3.75	$17,369
Oct 2009	82	4,718	72.54	4.11	$25,340
Sep 2009	0	5,059	65.54	3.06	$15,505
Aug 2009	32	4,560	67.42	3.22	$16,834
Jul 2009	0	4,366	61.13	3.46	$15,126
Jun 2009	33	4,313	66.16	3.90	$18,982
May 2009	34	4,239	54.74	3.93	$18,502
Apr 2009	35	4,518	46.77	3.59	$17,845
Mar 2009	40	4,374	42.14	4.06	$19,440
Feb 2009	34	3,770	32.81	4.63	$18,582
Jan 2009	39	4,447	35.86	5.37	$25,283
Dec 2008	35	4,152	37.10	5.98	$26,116
Nov 2008	66	4,204	55.49	6.86	$32,503
Oct 2008	66	4,161	75.24	6.92	$33,768
Sep 2008	54	3,965	101.76	7.88	$36,728
Aug 2008	69	4,012	114.22	8.48	$41,915
Jul 2008	0	4,148	131.08	11.39	$47,243
Jun 2008	83	4,318	131.33	13.03	$67,175
May 2008	0	4,581	123.17	11.57	$53,022
Apr 2008	67	2,815	110.31	10.45	$36,821
Mar 2008	42	3,324	101.90	9.66	$36,403
Feb 2008	39	4,630	92.53	8.77	$44,216
Jan 2008	0	4,355	90.38	8.21	$35,736
Dec 2007	0	3,030	88.33	7.30	$22,125
Nov 2007	0	4,269	91.67	7.29	$31,128
Oct 2007	60	3,236	82.85	6.92	$27,371
Sep 2007	0	3,652	75.84	6.24	$22,804
Aug 2007	0	4,421	69.06	6.39	$28,241
Jul 2007	0	4,625	70.90	6.39	$29,544
Jun 2007	100	4,430	62.00	7.55	$39,640
May 2007	0	4,987	58.74	7.85	$39,129
Apr 2007	0	5,178	59.61	7.81	$40,415
Mar 2007	87	4,719	56.92	7.30	$39,410
Feb 2007	0	4,919	55.10	8.22	$40,415
Jan 2007	111	5,096	50.30	6.73	$39,863
Dec 2006	0	2,814	56.65	6.92	$19,468
Nov 2006	0	5,298	54.20	7.62	$40,357
Oct 2006	0	3,635	54.90	6.01	$21,860
Sep 2006	94	2,182	60.08	5.04	$16,639
Aug 2006	0	4,442	68.71	7.34	$32,604
Jul 2006	101	5,494	69.37	6.34	$41,853
Jun 2006	0	7,385	66.28	6.38	$47,145
May 2006	0	6,949	66.01	6.42	$44,647
Apr 2006	102	7,168	64.39	7.36	$59,328
Mar 2006	0	6,829	56.70	7.08	$48,369
Feb 2006	108	6,668	57.59	7.75	$57,904
Jan 2006	0	2,186	60.59	8.93	$19,528
Dec 2005	105	4,631	54.94	13.42	$67,895
Nov 2005	0	7,524	54.69	10.59	$79,667
Oct 2005	0	6,549	58.34	13.80	$90,348
Sep 2005	103	3,595	61.45	12.08	$49,753
Aug 2005	0	4,064	61.51	9.80	$39,814
Jul 2005	96	5,154	55.69	7.84	$45,772
Jun 2005	98	3,815	52.33	7.38	$33,287
May 2005	62	3,533	45.22	6.65	$26,302
Apr 2005	98	4,528	49.20	7.36	$38,150
Mar 2005	96	6,073	50.37	7.15	$48,287
Feb 2005	0	4,559	45.22	6.31	$28,776
Jan 2005	219	5,053	43.16	6.32	$41,398
Dec 2004	0	3,821	39.86	6.75	$25,796
Nov 2004	198	4,014	45.28	6.33	$34,376
Oct 2004	97	5,705	49.70	6.52	$41,990
Sep 2004	0	5,240	43.24	5.28	$27,688
Aug 2004	99	5,746	42.37	5.55	$36,089
Jul 2004	0	5,522	38.28	6.08	$33,597
Jun 2004	100	4,481	36.10	6.43	$32,436
May 2004	101	4,820	37.48	6.49	$35,089
Apr 2004	0	5,347	34.47	5.86	$31,325
Mar 2004	101	5,772	34.36	5.53	$35,390
Feb 2004	0	5,289	32.45	5.51	$29,140
Jan 2004	103	5,853	32.03	6.30	$40,171
Dec 2003	0	6,004	30.26	6.30	$37,835
Nov 2003	105	6,144	28.80	4.60	$31,257
Oct 2003	84	7,284	28.17	4.76	$37,036
Sep 2003	101	7,027	26.31	4.75	$36,031
Aug 2003	102	7,730	29.76	5.13	$42,688
Jul 2003	0	7,814	29.41	5.17	$40,405
Jun 2003	101	6,830	28.56	5.98	$43,748
May 2003	106	7,710	26.59	5.97	$48,868
Apr 2003	106	7,904	26.67	5.41	$45,566
Mar 2003	105	8,077	31.14	6.10	$52,507
Feb 2003	108	7,276	33.48	7.93	$61,285
Jan 2003	102	8,626	30.31	5.58	$51,242
Dec 2002	104	8,959	26.91	4.85	$46,283
Nov 2002	98	8,315	24.66	4.14	$36,816
Oct 2002	100	9,719	26.46	4.23	$43,749
Sep 2002	96	9,257	27.44	3.64	$36,285
Aug 2002	94	9,816	25.96	3.16	$33,500
Jul 2002	103	10,582	24.58	3.06	$34,931
Jun 2002	96	12,090	23.73	3.34	$42,637
May 2002	97	12,243	24.66	3.58	$46,271
Apr 2002	96	12,938	23.65	3.51	$47,713
Mar 2002	198	13,979	22.00	3.10	$47,729
Feb 2002	104	13,747	18.22	2.38	$34,553
Jan 2002	217	17,715	17.17	2.38	$45,811
Dec 2001	108	20,044	16.93	2.36	$49,220
Nov 2001	328	25,704	18.07	2.41	$67,758
Oct 2001	292	37,897	19.78	2.53	$101,613
Sep 2001	0	12,506	24.26	2.25	$28,155

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 2013 — as filed, then multipliedworked

Condensate             3 bbl  × $ 97.42 =       $292
Gas                  528 Mcf  × $  3.78 =     $1,996

────────────────────────────────────────────────────
Month total                                   $2,288

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/185509 is the state's own key, not one this site invented.