GARRETT HEIRS

Name: GARRETT HEIRS lease production and value, Oct 2002 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the WASKOM (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 192858District 06Field 953691602 tax incentive programmesCondensateGasSave Export

Value, all time

$9.7 M

Oct 2002 – Oct 2014

Value, last 12 filed months

$42 k

at the published price for each month

Months reported

145

no gaps in the span

Streams

condensate, gas

The WASKOM (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 473 leases and 477 wells, and the rule below applies to all of them.

Discovered

1955-09-19

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 2012-11-06.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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	2003-03-10	150325
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	31,345 bbl	$1,969,347
Gas	Production	1,199,743 Mcf	$7,692,586
Total			$9,661,933

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 32.4423, -94.2021. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.44230, -94.20211 · 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

9,850 ft

1 wells filed one

Completion to plug

5 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 9,850 ft.

Completions filed

May 2014

1 of 1 wells

Plug dates filed

Oct 2014

1 of 1 wells

Last completion to plug: a median of 5 months across the 1 well that filed both dates, with the middle half between 5 months and 5 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20332736	1	9,850 ft	May 2014	Oct 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 (145)

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

145 months


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	54	0	97.40	6.19	$5,260
Jan 2014	115	401	90.40	4.86	$12,345
Dec 2013	3	1,805	91.82	4.35	$8,135
Nov 2013	98	1,949	88.85	3.74	$15,993
Oct 2013	102	2,289	97.42	3.78	$18,588
Sep 2013	91	2,310	104.11	3.72	$18,062
Aug 2013	49	2,391	104.25	3.52	$13,531
Jul 2013	26	2,926	102.52	3.72	$13,544
Jun 2013	32	2,702	94.40	3.93	$13,649
May 2013	33	3,494	94.83	4.15	$17,626
Apr 2013	33	2,639	93.96	4.28	$14,402
Mar 2013	42	2,853	93.62	3.91	$15,095
Feb 2013	28	3,153	91.23	3.42	$13,337
Jan 2013	96	2,000	91.60	3.42	$15,633
Dec 2012	113	2,482	86.77	3.42	$18,294
Nov 2012	108	3,190	86.95	3.62	$20,954
Oct 2012	108	2,856	89.38	3.40	$19,363
Sep 2012	115	3,055	94.67	2.92	$19,803
Aug 2012	178	3,004	92.66	2.91	$25,230
Jul 2012	83	2,519	85.13	3.02	$14,675
Jun 2012	76	2,485	79.82	2.52	$12,326
May 2012	54	2,773	91.61	2.49	$11,847
Apr 2012	32	2,813	101.65	2.00	$8,870
Mar 2012	54	2,577	105.05	2.22	$11,399
Feb 2012	31	2,358	101.10	2.57	$9,195
Jan 2012	27	2,827	98.09	2.73	$10,378
Dec 2011	59	2,530	96.87	3.24	$13,912
Nov 2011	36	3,264	95.72	3.31	$14,254
Oct 2011	67	3,523	84.98	3.65	$18,547
Sep 2011	30	2,945	83.62	3.99	$14,247
Aug 2011	99	3,232	83.40	4.15	$21,667
Jul 2011	243	6,012	94.14	4.52	$50,034
Jun 2011	131	5,529	92.90	4.64	$37,824
May 2011	239	4,720	98.13	4.40	$44,244
Apr 2011	217	3,488	105.96	4.33	$38,108
Mar 2011	176	3,460	96.36	4.06	$30,998
Feb 2011	92	2,613	85.64	4.18	$18,801
Jan 2011	164	2,214	86.50	4.59	$24,346
Dec 2010	86	2,690	85.73	4.35	$19,068
Nov 2010	174	2,685	80.84	3.80	$24,257
Oct 2010	171	2,757	78.10	3.51	$23,029
Sep 2010	208	2,553	72.63	3.98	$25,267
Aug 2010	102	2,614	73.68	4.42	$19,068
Jul 2010	90	2,898	72.55	4.74	$20,256
Jun 2010	148	2,530	70.36	4.91	$22,837
May 2010	52	2,314	71.12	4.24	$13,499
Apr 2010	78	2,094	81.69	4.12	$15,005
Mar 2010	90	1,584	78.39	4.39	$14,007
Feb 2010	76	1,821	73.58	5.44	$15,503
Jan 2010	104	2,551	74.36	5.96	$22,948
Dec 2009	131	2,272	71.44	5.48	$21,818
Nov 2009	212	2,667	74.59	3.75	$25,818
Oct 2009	162	2,666	72.54	4.11	$22,709
Sep 2009	279	4,123	65.54	3.06	$30,922
Aug 2009	6	3,230	67.42	3.22	$10,800
Jul 2009	184	2,844	61.13	3.46	$21,101
Jun 2009	14	3,345	66.16	3.90	$13,955
May 2009	3	3,284	54.74	3.93	$13,056
Apr 2009	158	3,352	46.77	3.59	$19,415
Mar 2009	4	3,563	42.14	4.06	$14,631
Feb 2009	149	2,002	32.81	4.63	$14,164
Jan 2009	15	2,572	35.86	5.37	$14,352
Dec 2008	337	5,196	37.10	5.98	$43,560
Nov 2008	19	6,016	55.49	6.86	$42,326
Oct 2008	169	5,768	75.24	6.92	$52,642
Sep 2008	173	5,591	101.76	7.88	$61,645
Aug 2008	147	6,559	114.22	8.48	$72,430
Jul 2008	131	6,897	131.08	11.39	$95,724
Jun 2008	116	6,236	131.33	13.03	$96,506
May 2008	108	6,713	123.17	11.57	$91,001
Apr 2008	98	6,100	110.31	10.45	$74,585
Mar 2008	56	6,252	101.90	9.66	$66,126
Feb 2008	8	7,599	92.53	8.77	$67,388
Jan 2008	7	9,294	90.38	8.21	$76,897
Dec 2007	2	8,373	88.33	7.30	$61,316
Nov 2007	7	9,326	91.67	7.29	$68,644
Oct 2007	5	10,999	82.85	6.92	$76,549
Sep 2007	4	10,908	75.84	6.24	$68,415
Aug 2007	65	10,073	69.06	6.39	$68,835
Jul 2007	216	11,083	70.90	6.39	$86,112
Jun 2007	244	11,313	62.00	7.55	$100,524
May 2007	342	12,051	58.74	7.85	$114,645
Apr 2007	246	12,193	59.61	7.81	$109,833
Mar 2007	363	13,409	56.92	7.30	$118,574
Feb 2007	333	13,573	55.10	8.22	$129,864
Jan 2007	379	16,295	50.30	6.73	$128,678
Dec 2006	484	15,672	56.65	6.92	$135,844
Nov 2006	386	17,506	54.20	7.62	$154,273
Oct 2006	580	18,641	54.90	6.01	$143,945
Sep 2006	681	19,580	60.08	5.04	$139,543
Aug 2006	652	22,220	68.71	7.34	$207,892
Jul 2006	1,000	22,669	69.37	6.34	$213,154
Jun 2006	903	20,953	66.28	6.38	$193,612
May 2006	1,288	25,431	66.01	6.42	$248,415
Apr 2006	1,477	26,056	64.39	7.36	$286,889
Mar 2006	1,818	31,448	56.70	7.08	$325,824
Feb 2006	2,110	28,079	57.59	7.75	$339,159
Jan 2006	2,282	24,209	60.59	8.93	$354,533
Dec 2005	2,761	24,187	54.94	13.42	$476,168
Nov 2005	1,821	17,739	54.69	10.59	$287,418
Oct 2005	20	874	58.34	13.80	$13,224
Sep 2005	136	4,382	61.45	12.08	$61,287
Aug 2005	296	8,259	61.51	9.80	$99,119
Jul 2005	0	7,379	55.69	7.84	$57,878
Jun 2005	21	8,101	52.33	7.38	$60,893
May 2005	20	7,717	45.22	6.65	$52,231
Apr 2005	49	7,098	49.20	7.36	$54,655
Mar 2005	34	9,417	50.37	7.15	$69,090
Feb 2005	38	8,637	45.22	6.31	$56,234
Jan 2005	41	8,863	43.16	6.32	$57,803
Dec 2004	106	7,571	39.86	6.75	$55,338
Nov 2004	46	7,246	45.28	6.33	$47,953
Oct 2004	60	7,056	49.70	6.52	$48,953
Sep 2004	65	7,033	43.24	5.28	$39,972
Aug 2004	76	7,372	42.37	5.55	$44,140
Jul 2004	86	8,649	38.28	6.08	$55,914
Jun 2004	168	10,870	36.10	6.43	$75,992
May 2004	122	11,719	37.48	6.49	$80,683
Apr 2004	231	12,019	34.47	5.86	$78,375
Mar 2004	80	14,463	34.36	5.53	$82,731
Feb 2004	97	12,944	32.45	5.51	$74,464
Jan 2004	73	13,122	32.03	6.30	$85,002
Dec 2003	110	13,973	30.26	6.30	$91,381
Nov 2003	54	13,968	28.80	4.60	$65,740
Oct 2003	114	15,859	28.17	4.76	$78,695
Sep 2003	59	15,869	26.31	4.75	$76,920
Aug 2003	142	18,438	29.76	5.13	$98,808
Jul 2003	126	19,819	29.41	5.17	$106,187
Jun 2003	49	19,982	28.56	5.98	$120,951
May 2003	175	23,106	26.59	5.97	$142,658
Apr 2003	45	20,877	26.67	5.41	$114,088
Mar 2003	94	22,253	31.14	6.10	$138,582
Feb 2003	144	20,158	33.48	7.93	$164,591
Jan 2003	93	17,229	30.31	5.58	$98,992
Dec 2002	107	19,754	26.91	4.85	$98,761
Nov 2002	215	28,629	24.66	4.14	$123,739
Oct 2002	105	34,439	26.46	4.23	$148,425

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.

Feb 2014 — as filed, then multipliedworked

Condensate            54 bbl  × $ 97.40 =     $5,260
Gas                    0 Mcf  × $  6.19 =         $0

────────────────────────────────────────────────────
Month total                                   $5,260

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/192858 is the state's own key, not one this site invented.