POWERS, E.C.

Operated by CHEVRON U. S. A. INC. (P-5 148113) in the CARTHAGE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 187596District 06Field 160321742 tax incentive programmesGasSaveExport
Value, all time
$1.8 M
Feb 2002 – Jun 2014
Value, last 12 filed months
$20 k
at the published price for each month
Months reported
149
no gaps in the span
Streams
1
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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered
1968-05-01
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2011-02-08.

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 Gas112002-05-17146979
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
GasProduction334,599 Mcf$1,833,479
Total$1,833,479

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 32.1646, -94.4712. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.16463, -94.47116 · 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
0.0%
0 of 1 wells
Median depth
9,935 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
1100.0%
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.
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 9,935 ft.

Completions filed
Jun 2014
1 of 1 wells

1 well

42-36534458129,935 ftJun 2014Yes

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 (149)

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

149 months

Jun 2014098.164.74$0
May 201423794.734.73$1,120
Apr 201451095.944.81$2,453
Mar 201472895.895.06$3,681
Feb 201436497.406.19$2,254
Jan 201416990.404.86$821
Dec 201348591.824.35$2,112
Nov 201340888.853.74$1,525
Oct 201340797.423.78$1,538
Sep 2013473104.113.72$1,758
Aug 2013582104.253.52$2,050
Jul 2013202102.523.72$751
Jun 201340594.403.93$1,593
May 201343594.834.15$1,805
Apr 201339593.964.28$1,692
Mar 201345293.623.91$1,769
Feb 201360491.233.42$2,066
Jan 201352791.603.42$1,802
Dec 201250386.773.42$1,720
Nov 201274586.953.62$2,701
Oct 20121,07789.383.40$3,661
Sep 20121,11994.672.92$3,266
Aug 20121,01092.662.91$2,937
Jul 201271985.133.02$2,172
Jun 201289779.822.52$2,260
May 201272091.612.49$1,792
Apr 20121,146101.652.00$2,288
Mar 2012994105.052.22$2,209
Feb 2012908101.102.57$2,334
Jan 201296198.092.73$2,627
Dec 20111,14796.873.24$3,716
Nov 20111,25895.723.31$4,166
Oct 20111,39184.983.65$5,075
Sep 20111,40083.623.99$5,580
Aug 20111,39183.404.15$5,772
Jul 20111,45694.144.52$6,577
Jun 20111,43592.904.64$6,658
May 20111,62198.134.40$7,140
Apr 2011922105.964.33$3,995
Mar 20111,18996.364.06$4,824
Feb 201158985.644.18$2,462
Jan 201137886.504.59$1,735
Dec 201049985.734.35$2,170
Nov 201068280.843.80$2,588
Oct 20101,03278.103.51$3,621
Sep 20101,33172.633.98$5,297
Aug 20101,48573.684.42$6,563
Jul 20101,40772.554.74$6,664
Jun 20101,12770.364.91$5,534
May 201088171.124.24$3,731
Apr 201020981.694.12$862
Mar 201055078.394.39$2,414
Feb 201050273.585.44$2,732
Jan 20101,41374.365.96$8,427
Dec 20092,47971.445.48$13,594
Nov 200998174.593.75$3,680
Oct 200974172.544.11$3,046
Sep 200973365.543.06$2,246
Aug 200972967.423.22$2,346
Jul 200976661.133.46$2,654
Jun 200976466.163.90$2,976
May 200982254.743.93$3,227
Apr 200983246.773.59$2,985
Mar 200989942.144.06$3,649
Feb 200984532.814.63$3,915
Jan 200992635.865.37$4,974
Dec 200897937.105.98$5,852
Nov 20081,08955.496.86$7,471
Oct 20081,07175.246.92$7,413
Sep 2008961101.767.88$7,570
Aug 20081,212114.228.48$10,281
Jul 20081,472131.0811.39$16,765
Jun 20081,818131.3313.03$23,693
May 20082,411123.1711.57$27,906
Apr 20082,133110.3110.45$22,300
Mar 20082,302101.909.66$22,247
Feb 20082,13592.538.77$18,725
Jan 20082,25290.388.21$18,479
Dec 20072,25388.337.30$16,451
Nov 20072,31891.677.29$16,902
Oct 20073,07482.856.92$21,278
Sep 20073,32275.846.24$20,743
Aug 20073,56269.066.39$22,754
Jul 20073,33770.906.39$21,317
Jun 20072,13962.007.55$16,146
May 20071,59558.747.85$12,515
Apr 20071,64659.617.81$12,847
Mar 20072,07556.927.30$15,152
Feb 20071,40255.108.22$11,519
Jan 20071,88550.306.73$12,680
Dec 20062,63156.656.92$18,202
Nov 20062,03454.207.62$15,494
Oct 20062,38254.906.01$14,325
Sep 20062,58660.085.04$13,026
Aug 20062,08568.717.34$15,304
Jul 20063,12469.376.34$19,815
Jun 20062,87166.286.38$18,328
May 20062,09366.016.42$13,448
Apr 20061,77064.397.36$13,028
Mar 20061,96156.707.08$13,890
Feb 20061,84157.597.75$14,270
Jan 20061,55460.598.93$13,882
Dec 20051,82254.9413.42$24,443
Nov 20051,90254.6910.59$20,139
Oct 20052,73358.3413.80$37,704
Sep 20052,99761.4512.08$36,201
Aug 20051,41661.519.80$13,872
Jul 20051,44455.697.84$11,326
Jun 20052,24252.337.38$16,548
May 20052,51745.226.65$16,741
Apr 20051,85549.207.36$13,654
Mar 20052,09550.377.15$14,989
Feb 20051,34445.226.31$8,483
Jan 20052,65743.166.32$16,798
Dec 20042,82639.866.75$19,079
Nov 20042,74845.286.33$17,396
Oct 20043,43049.706.52$22,347
Sep 20043,04643.245.28$16,095
Aug 20043,26042.375.55$18,095
Jul 20043,48538.286.08$21,203
Jun 20041,66936.106.43$10,737
May 20042,55937.486.49$16,620
Apr 20042,49834.475.86$14,634
Mar 20042,83934.365.53$15,700
Feb 20042,75632.455.51$15,185
Jan 20042,76532.036.30$17,419
Dec 20032,91930.266.30$18,394
Nov 20033,27828.804.60$15,063
Oct 20033,88928.174.76$18,510
Sep 20033,21626.314.75$15,274
Aug 20033,64829.765.13$18,713
Jul 20033,97029.415.17$20,528
Jun 20033,78528.565.98$22,646
May 20034,35926.595.97$26,035
Apr 20034,46326.675.41$24,133
Mar 20034,53231.146.10$27,627
Feb 20034,14033.487.93$32,813
Jan 20035,17030.315.58$28,859
Dec 20025,59626.914.85$27,162
Nov 20025,71624.664.14$23,647
Oct 200217,43726.464.23$73,743
Sep 20025,53127.443.64$20,106
Aug 20025,81925.963.16$18,412
Jul 20026,58224.583.06$20,153
Jun 20026,51623.733.34$21,752
May 20026,73524.663.58$24,138
Apr 20028,40423.653.51$29,518
Mar 200213,90222.003.10$43,134
Feb 200215,71818.222.38$37,341

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.

May 2014 — as filed, then multipliedworked
Gas                  237 Mcf  × $  4.73 =     $1,120

────────────────────────────────────────────────────
Month total                                   $1,120

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/187596 is the state's own key, not one this site invented.