WILLIS, F.M. GAS UNIT

Name: WILLIS, F.M. GAS UNIT lease production and value, May 2002 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by QUANTUM RESOURCES MANAGEMENT,LLC (P-5 684554) in the GLENWOOD (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 189243District 06Field 354153002 tax incentive programmesCondensateGasSave Export

Value, all time

$2.2 M

May 2002 – Feb 2014

Value, last 12 filed months

$24 k

at the published price for each month

Months reported

142

no gaps in the span

Streams

condensate, gas

The GLENWOOD (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 351 leases and 351 wells, and the rule below applies to all of them.

Discovered

1980-12-20

as the register files it

Field class

Gas

the register's own label

Between wells

600 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 2017-12-05.

The Commission's schedule remark for this field reads: “BE FILED IF THE OPERATOR CHOOSES. THIS IS A UFT FIELD.”

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	2002-10-09	149387
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	1,949 bbl	$167,061
Gas	Production	356,215 Mcf	$1,983,657
Total			$2,150,718

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 32.6352, -94.7962. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.63520, -94.79617 · 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

0.0%

0 of 1 wells

Median depth

10,995 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 10,995 ft.

Completions filed

Feb 2014

1 of 1 wells

1 well


42-45931106	3	10,995 ft	Feb 2014	—	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 (142)

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

142 months


Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	406	90.40	4.86	$1,973
Dec 2013	0	584	91.82	4.35	$2,543
Nov 2013	0	698	88.85	3.74	$2,609
Oct 2013	0	626	97.42	3.78	$2,366
Sep 2013	0	541	104.11	3.72	$2,011
Aug 2013	0	569	104.25	3.52	$2,004
Jul 2013	0	577	102.52	3.72	$2,145
Jun 2013	0	613	94.40	3.93	$2,411
May 2013	0	467	94.83	4.15	$1,938
Apr 2013	0	452	93.96	4.28	$1,936
Mar 2013	0	655	93.62	3.91	$2,563
Feb 2013	0	399	91.23	3.42	$1,365
Jan 2013	0	474	91.60	3.42	$1,621
Dec 2012	0	590	86.77	3.42	$2,018
Nov 2012	0	144	86.95	3.62	$522
Oct 2012	0	327	89.38	3.40	$1,112
Sep 2012	0	256	94.67	2.92	$747
Aug 2012	0	560	92.66	2.91	$1,629
Jul 2012	0	428	85.13	3.02	$1,293
Jun 2012	0	618	79.82	2.52	$1,557
May 2012	0	436	91.61	2.49	$1,085
Apr 2012	0	540	101.65	2.00	$1,078
Mar 2012	0	688	105.05	2.22	$1,529
Feb 2012	0	608	101.10	2.57	$1,563
Jan 2012	0	652	98.09	2.73	$1,783
Dec 2011	28	574	96.87	3.24	$4,572
Nov 2011	81	465	95.72	3.31	$9,293
Oct 2011	60	621	84.98	3.65	$7,365
Sep 2011	60	667	83.62	3.99	$7,676
Aug 2011	76	603	83.40	4.15	$8,840
Jul 2011	62	849	94.14	4.52	$9,672
Jun 2011	73	1,137	92.90	4.64	$12,057
May 2011	75	1,649	98.13	4.40	$14,623
Apr 2011	78	1,495	105.96	4.33	$14,743
Mar 2011	75	1,081	96.36	4.06	$11,613
Feb 2011	68	392	85.64	4.18	$7,462
Jan 2011	73	1,020	86.50	4.59	$10,995
Dec 2010	75	1,245	85.73	4.35	$11,843
Nov 2010	56	1,534	80.84	3.80	$10,349
Oct 2010	0	1,849	78.10	3.51	$6,488
Sep 2010	0	1,869	72.63	3.98	$7,438
Aug 2010	0	1,844	73.68	4.42	$8,149
Jul 2010	0	1,765	72.55	4.74	$8,360
Jun 2010	0	1,796	70.36	4.91	$8,819
May 2010	23	1,957	71.12	4.24	$9,924
Apr 2010	61	1,728	81.69	4.12	$12,107
Mar 2010	71	1,904	78.39	4.39	$13,922
Feb 2010	53	1,413	73.58	5.44	$11,590
Jan 2010	62	1,563	74.36	5.96	$13,932
Dec 2009	56	1,699	71.44	5.48	$13,318
Nov 2009	50	1,592	74.59	3.75	$9,702
Oct 2009	45	1,672	72.54	4.11	$10,137
Sep 2009	37	2,122	65.54	3.06	$8,928
Aug 2009	40	1,618	67.42	3.22	$7,904
Jul 2009	42	1,913	61.13	3.46	$9,195
Jun 2009	30	1,970	66.16	3.90	$9,658
May 2009	10	2,078	54.74	3.93	$8,705
Apr 2009	12	2,054	46.77	3.59	$7,930
Mar 2009	12	1,987	42.14	4.06	$8,571
Feb 2009	11	1,844	32.81	4.63	$8,904
Jan 2009	12	1,921	35.86	5.37	$10,748
Dec 2008	19	1,889	37.10	5.98	$11,996
Nov 2008	34	1,381	55.49	6.86	$11,361
Oct 2008	34	1,007	75.24	6.92	$9,529
Sep 2008	30	1,408	101.76	7.88	$14,144
Aug 2008	32	2,009	114.22	8.48	$20,697
Jul 2008	39	1,449	131.08	11.39	$21,615
Jun 2008	35	1,544	131.33	13.03	$24,719
May 2008	33	2,358	123.17	11.57	$31,357
Apr 2008	13	1,890	110.31	10.45	$21,194
Mar 2008	40	2,083	101.90	9.66	$24,206
Feb 2008	32	1,901	92.53	8.77	$19,634
Jan 2008	41	1,549	90.38	8.21	$16,416
Dec 2007	0	1,553	88.33	7.30	$11,340
Nov 2007	0	1,043	91.67	7.29	$7,605
Oct 2007	0	1,355	82.85	6.92	$9,379
Sep 2007	0	1,512	75.84	6.24	$9,441
Aug 2007	0	1,527	69.06	6.39	$9,754
Jul 2007	0	2,242	70.90	6.39	$14,322
Jun 2007	0	2,295	62.00	7.55	$17,324
May 2007	0	1,710	58.74	7.85	$13,417
Apr 2007	0	1,778	59.61	7.81	$13,878
Mar 2007	0	2,151	56.92	7.30	$15,707
Feb 2007	0	1,661	55.10	8.22	$13,647
Jan 2007	0	1,915	50.30	6.73	$12,882
Dec 2006	0	2,206	56.65	6.92	$15,262
Nov 2006	0	2,135	54.20	7.62	$16,263
Oct 2006	0	2,066	54.90	6.01	$12,425
Sep 2006	0	1,036	60.08	5.04	$5,219
Aug 2006	0	1,831	68.71	7.34	$13,439
Jul 2006	0	1,389	69.37	6.34	$8,810
Jun 2006	0	943	66.28	6.38	$6,020
May 2006	0	1,315	66.01	6.42	$8,449
Apr 2006	0	1,600	64.39	7.36	$11,777
Mar 2006	0	1,703	56.70	7.08	$12,062
Feb 2006	0	1,803	57.59	7.75	$13,975
Jan 2006	0	2,060	60.59	8.93	$18,403
Dec 2005	0	2,136	54.94	13.42	$28,655
Nov 2005	0	2,335	54.69	10.59	$24,724
Oct 2005	0	2,482	58.34	13.80	$34,241
Sep 2005	0	2,911	61.45	12.08	$35,162
Aug 2005	0	2,731	61.51	9.80	$26,755
Jul 2005	0	3,296	55.69	7.84	$25,853
Jun 2005	0	2,697	52.33	7.38	$19,907
May 2005	0	2,749	45.22	6.65	$18,284
Apr 2005	0	2,328	49.20	7.36	$17,135
Mar 2005	0	2,449	50.37	7.15	$17,522
Feb 2005	0	3,099	45.22	6.31	$19,561
Jan 2005	0	3,090	43.16	6.32	$19,536
Dec 2004	0	2,695	39.86	6.75	$18,194
Nov 2004	0	2,806	45.28	6.33	$17,763
Oct 2004	0	3,470	49.70	6.52	$22,607
Sep 2004	0	4,555	43.24	5.28	$24,068
Aug 2004	0	4,511	42.37	5.55	$25,039
Jul 2004	0	4,077	38.28	6.08	$24,805
Jun 2004	0	3,893	36.10	6.43	$25,044
May 2004	0	4,148	37.48	6.49	$26,940
Apr 2004	0	4,175	34.47	5.86	$24,459
Mar 2004	0	2,449	34.36	5.53	$13,543
Feb 2004	0	5,005	32.45	5.51	$27,576
Jan 2004	0	4,845	32.03	6.30	$30,522
Dec 2003	0	4,420	30.26	6.30	$27,853
Nov 2003	0	4,135	28.80	4.60	$19,001
Oct 2003	0	4,374	28.17	4.76	$20,819
Sep 2003	0	4,509	26.31	4.75	$21,415
Aug 2003	0	5,230	29.76	5.13	$26,828
Jul 2003	0	6,002	29.41	5.17	$31,035
Jun 2003	0	5,292	28.56	5.98	$31,662
May 2003	0	5,664	26.59	5.97	$33,829
Apr 2003	0	5,830	26.67	5.41	$31,524
Mar 2003	0	5,572	31.14	6.10	$33,967
Feb 2003	0	4,945	33.48	7.93	$39,193
Jan 2003	0	5,230	30.31	5.58	$29,194
Dec 2002	0	5,550	26.91	4.85	$26,938
Nov 2002	0	7,743	24.66	4.14	$32,032
Oct 2002	0	8,835	26.46	4.23	$37,364
Sep 2002	0	9,520	27.44	3.64	$34,607
Aug 2002	0	10,478	25.96	3.16	$33,154
Jul 2002	0	12,128	24.58	3.06	$37,133
Jun 2002	0	14,860	23.73	3.34	$49,606
May 2002	0	19,271	24.66	3.58	$69,067

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.

Jan 2014 — as filed, then multipliedworked

Condensate             0 bbl  × $ 90.40 =         $0
Gas                  406 Mcf  × $  4.86 =     $1,973

────────────────────────────────────────────────────
Month total                                   $1,973

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/189243 is the state's own key, not one this site invented.