SWEPCO GAS UNIT

Name: SWEPCO GAS UNIT lease production and value, Oct 2003 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 198387District 06Field 664612752 tax incentive programmesCondensateGasSave Export

Value, all time

$3.9 M

Oct 2003 – Oct 2022

Value, last 12 filed months

at the published price for each month

Months reported

229

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	2004-03-01	154572
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	2,273 bbl	$116,387
Gas	Production	623,585 Mcf	$3,828,461
Total			$3,944,848

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 32.4528, -94.5645. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.45281, -94.56446 · 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

10,700 ft

1 wells filed one

Completion to plug

19.1 years

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 10,700 ft.

Completions filed

Oct 2003

1 of 1 wells

Plug dates filed

Nov 2022

1 of 1 wells

Last completion to plug: a median of 19.1 years across the 1 well that filed both dates, with the middle half between 19.1 years and 19.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20332821	2	10,700 ft	Oct 2003	Nov 2022	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 (229)

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

229 months


Oct 2022	0	0	87.18	5.86	$0
Sep 2022	0	0	84.88	8.16	$0
Aug 2022	0	0	94.52	9.13	$0
Jul 2022	0	0	101.58	7.54	$0
Jun 2022	0	0	115.09	7.98	$0
May 2022	0	0	109.37	8.43	$0
Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
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	144	0	56.27	2.46	$8,103
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	28	47.52	3.09	$86
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	51	43.87	3.09	$157
Jun 2017	0	104	42.49	3.09	$321
May 2017	0	71	45.37	3.26	$232
Apr 2017	0	20	47.93	3.21	$64
Mar 2017	0	39	46.77	2.98	$116
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	13	38.79	2.17	$28
Oct 2015	1	227	43.55	2.43	$594
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	212	42.89	2.93	$622
Feb 2015	0	110	44.66	2.98	$327
Jan 2015	0	298	43.43	3.10	$924
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	60	98.16	4.74	$284
May 2014	0	22	94.73	4.73	$104
Apr 2014	1	1,200	95.94	4.81	$5,867
Mar 2014	1	1,483	95.89	5.06	$7,595
Feb 2014	1	1,388	97.40	6.19	$8,692
Jan 2014	5	1,601	90.40	4.86	$8,234
Dec 2013	2	1,758	91.82	4.35	$7,839
Nov 2013	2	2,056	88.85	3.74	$7,864
Oct 2013	3	1,147	97.42	3.78	$4,627
Sep 2013	2	1,565	104.11	3.72	$6,026
Aug 2013	3	1,781	104.25	3.52	$6,587
Jul 2013	1	628	102.52	3.72	$2,437
Jun 2013	1	714	94.40	3.93	$2,903
May 2013	0	334	94.83	4.15	$1,386
Apr 2013	2	1,026	93.96	4.28	$4,582
Mar 2013	3	1,660	93.62	3.91	$6,776
Feb 2013	3	1,778	91.23	3.42	$6,354
Jan 2013	7	2,252	91.60	3.42	$8,343
Dec 2012	0	2,003	86.77	3.42	$6,851
Nov 2012	1	1,827	86.95	3.62	$6,710
Oct 2012	4	2,010	89.38	3.40	$7,191
Sep 2012	1	2,810	94.67	2.92	$8,295
Aug 2012	0	2,048	92.66	2.91	$5,956
Jul 2012	50	1,712	85.13	3.02	$9,428
Jun 2012	1	2,534	79.82	2.52	$6,463
May 2012	5	2,868	91.61	2.49	$7,595
Apr 2012	0	1,907	101.65	2.00	$3,808
Mar 2012	1	2,338	105.05	2.22	$5,300
Feb 2012	10	2,322	101.10	2.57	$6,979
Jan 2012	0	2,798	98.09	2.73	$7,650
Dec 2011	0	2,976	96.87	3.24	$9,641
Nov 2011	0	2,746	95.72	3.31	$9,093
Oct 2011	0	2,893	84.98	3.65	$10,555
Sep 2011	0	2,889	83.62	3.99	$11,515
Aug 2011	0	2,620	83.40	4.15	$10,871
Jul 2011	0	2,522	94.14	4.52	$11,392
Jun 2011	0	2,312	92.90	4.64	$10,727
May 2011	0	2,685	98.13	4.40	$11,827
Apr 2011	0	2,532	105.96	4.33	$10,972
Mar 2011	169	2,959	96.36	4.06	$28,291
Feb 2011	0	2,539	85.64	4.18	$10,613
Jan 2011	0	3,092	86.50	4.59	$14,189
Dec 2010	0	3,204	85.73	4.35	$13,930
Nov 2010	0	3,193	80.84	3.80	$12,118
Oct 2010	0	3,354	78.10	3.51	$11,769
Sep 2010	0	3,238	72.63	3.98	$12,886
Aug 2010	0	3,460	73.68	4.42	$15,291
Jul 2010	0	3,394	72.55	4.74	$16,076
Jun 2010	0	3,379	70.36	4.91	$16,592
May 2010	0	3,413	71.12	4.24	$14,455
Apr 2010	0	3,214	81.69	4.12	$13,250
Mar 2010	0	3,384	78.39	4.39	$14,851
Feb 2010	0	3,125	73.58	5.44	$17,007
Jan 2010	0	3,615	74.36	5.96	$21,560
Dec 2009	186	3,495	71.44	5.48	$32,454
Nov 2009	0	3,593	74.59	3.75	$13,479
Oct 2009	0	3,694	72.54	4.11	$15,183
Sep 2009	0	3,721	65.54	3.06	$11,404
Aug 2009	0	3,778	67.42	3.22	$12,159
Jul 2009	0	3,807	61.13	3.46	$13,189
Jun 2009	0	4,198	66.16	3.90	$16,351
May 2009	0	6,367	54.74	3.93	$24,995
Apr 2009	0	4,663	46.77	3.59	$16,729
Mar 2009	0	4,315	42.14	4.06	$17,515
Feb 2009	0	3,936	32.81	4.63	$18,235
Jan 2009	0	3,999	35.86	5.37	$21,479
Dec 2008	0	3,997	37.10	5.98	$23,891
Nov 2008	0	3,715	55.49	6.86	$25,486
Oct 2008	0	3,688	75.24	6.92	$25,528
Sep 2008	0	5,379	101.76	7.88	$42,371
Aug 2008	0	8,126	114.22	8.48	$68,933
Jul 2008	0	4,000	131.08	11.39	$45,558
Jun 2008	0	3,954	131.33	13.03	$51,531
May 2008	0	3,709	123.17	11.57	$42,929
Apr 2008	0	3,881	110.31	10.45	$40,575
Mar 2008	0	3,659	101.90	9.66	$35,361
Feb 2008	0	3,874	92.53	8.77	$33,977
Jan 2008	0	4,086	90.38	8.21	$33,529
Dec 2007	0	4,153	88.33	7.30	$30,325
Nov 2007	0	4,819	91.67	7.29	$35,139
Oct 2007	0	4,456	82.85	6.92	$30,844
Sep 2007	0	4,337	75.84	6.24	$27,081
Aug 2007	0	4,405	69.06	6.39	$28,139
Jul 2007	0	4,842	70.90	6.39	$30,930
Jun 2007	181	4,315	62.00	7.55	$43,794
May 2007	0	4,312	58.74	7.85	$33,833
Apr 2007	0	2,910	59.61	7.81	$22,713
Mar 2007	11	4,454	56.92	7.30	$33,149
Feb 2007	0	4,612	55.10	8.22	$37,892
Jan 2007	0	5,239	50.30	6.73	$35,242
Dec 2006	10	5,159	56.65	6.92	$36,259
Nov 2006	7	3,202	54.20	7.62	$24,771
Oct 2006	2	788	54.90	6.01	$4,849
Sep 2006	0	2,994	60.08	5.04	$15,081
Aug 2006	11	4,468	68.71	7.34	$33,551
Jul 2006	0	4,689	69.37	6.34	$29,741
Jun 2006	8	3,838	66.28	6.38	$25,032
May 2006	8	4,831	66.01	6.42	$31,567
Apr 2006	6	3,972	64.39	7.36	$29,622
Mar 2006	17	5,037	56.70	7.08	$36,641
Feb 2006	12	2,940	57.59	7.75	$23,479
Jan 2006	13	5,158	60.59	8.93	$46,866
Dec 2005	7	4,291	54.94	13.42	$57,950
Nov 2005	7	5,235	54.69	10.59	$55,813
Oct 2005	8	5,837	58.34	13.80	$80,993
Sep 2005	0	5,795	61.45	12.08	$69,998
Aug 2005	9	6,618	61.51	9.80	$65,389
Jul 2005	7	6,949	55.69	7.84	$54,895
Jun 2005	15	6,947	52.33	7.38	$52,061
May 2005	23	7,790	45.22	6.65	$52,853
Apr 2005	27	7,425	49.20	7.36	$55,980
Mar 2005	32	9,092	50.37	7.15	$66,664
Feb 2005	0	8,764	45.22	6.31	$55,318
Jan 2005	18	9,582	43.16	6.32	$61,356
Dec 2004	6	9,453	39.86	6.75	$64,057
Nov 2004	186	10,810	45.28	6.33	$76,854
Oct 2004	16	10,741	49.70	6.52	$70,774
Sep 2004	12	9,982	43.24	5.28	$53,263
Aug 2004	16	11,732	42.37	5.55	$65,798
Jul 2004	187	12,333	38.28	6.08	$82,195
Jun 2004	0	14,759	36.10	6.43	$94,945
May 2004	14	15,146	37.48	6.49	$98,892
Apr 2004	206	11,795	34.47	5.86	$76,201
Mar 2004	33	12,881	34.36	5.53	$72,368
Feb 2004	32	13,023	32.45	5.51	$72,790
Jan 2004	206	16,521	32.03	6.30	$110,675
Dec 2003	232	22,566	30.26	6.30	$149,223
Nov 2003	48	34,702	28.80	4.60	$160,844
Oct 2003	30	7,711	28.17	4.76	$37,547

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.

Jul 2019 — as filed, then multipliedworked

Condensate           144 bbl  × $ 56.27 =     $8,103
Gas                    0 Mcf  × $  2.46 =         $0

────────────────────────────────────────────────────
Month total                                   $8,103

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/198387 is the state's own key, not one this site invented.