SPIKES GAS UNIT NO. 1

Name: SPIKES GAS UNIT NO. 1 lease production and value, Dec 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SABINE OIL & GAS LLC (P-5 742142) in the MINDEN (COTTON VALLEY CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 199492District 06Field 617921112 tax incentive programmesCondensateGasSave Export

Value, all time

$4.5 M

Dec 2003 – Jul 2013

Value, last 12 filed months

$99 k

at the published price for each month

Months reported

116

no gaps in the span

Streams

condensate, gas

The MINDEN (COTTON VALLEY CONS.) 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 456 leases and 456 wells, and the rule below applies to all of them.

Discovered

2005-09-27

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 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: “EXCEPTION TO SWR51(A) 30 DAY RULE.”

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	2004-04-30	156679
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	849 bbl	$41,373
Gas	Production	698,630 Mcf	$4,493,865
Total			$4,535,237

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 32.1204, -94.7208. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.12039, -94.72077 · 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

10,795 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 10,795 ft.

Completions filed

Jul 2013

1 of 1 wells

1 well


42-40133280	2	10,795 ft	Jul 2013	—	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 (116)

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

116 months


Jul 2013	11	334	102.52	3.72	$2,369
Jun 2013	0	2,201	94.40	3.93	$8,657
May 2013	0	2,462	94.83	4.15	$10,215
Apr 2013	0	2,392	93.96	4.28	$10,244
Mar 2013	0	2,531	93.62	3.91	$9,903
Feb 2013	0	2,207	91.23	3.42	$7,548
Jan 2013	0	2,508	91.60	3.42	$8,577
Dec 2012	0	2,480	86.77	3.42	$8,482
Nov 2012	0	2,439	86.95	3.62	$8,841
Oct 2012	0	2,572	89.38	3.40	$8,744
Sep 2012	0	2,423	94.67	2.92	$7,071
Aug 2012	7	2,477	92.66	2.91	$7,852
Jul 2012	0	2,397	85.13	3.02	$7,241
Jun 2012	2	2,288	79.82	2.52	$5,923
May 2012	0	2,366	91.61	2.49	$5,887
Apr 2012	0	2,405	101.65	2.00	$4,802
Mar 2012	0	2,518	105.05	2.22	$5,595
Feb 2012	0	2,342	101.10	2.57	$6,020
Jan 2012	0	2,555	98.09	2.73	$6,986
Dec 2011	0	2,573	96.87	3.24	$8,336
Nov 2011	0	2,582	95.72	3.31	$8,550
Oct 2011	0	2,684	84.98	3.65	$9,793
Sep 2011	0	2,613	83.62	3.99	$10,415
Aug 2011	0	2,490	83.40	4.15	$10,332
Jul 2011	0	2,907	94.14	4.52	$13,132
Jun 2011	0	2,787	92.90	4.64	$12,931
May 2011	0	3,161	98.13	4.40	$13,924
Apr 2011	0	2,953	105.96	4.33	$12,796
Mar 2011	0	3,076	96.36	4.06	$12,480
Feb 2011	0	2,773	85.64	4.18	$11,591
Jan 2011	0	3,108	86.50	4.59	$14,262
Dec 2010	0	3,141	85.73	4.35	$13,656
Nov 2010	0	3,367	80.84	3.80	$12,779
Oct 2010	0	3,533	78.10	3.51	$12,397
Sep 2010	0	3,089	72.63	3.98	$12,293
Aug 2010	0	3,030	73.68	4.42	$13,391
Jul 2010	0	3,003	72.55	4.74	$14,224
Jun 2010	0	2,649	70.36	4.91	$13,008
May 2010	0	3,087	71.12	4.24	$13,074
Apr 2010	0	3,250	81.69	4.12	$13,399
Mar 2010	0	3,056	78.39	4.39	$13,412
Feb 2010	0	2,768	73.58	5.44	$15,064
Jan 2010	0	2,068	74.36	5.96	$12,334
Dec 2009	0	2,953	71.44	5.48	$16,194
Nov 2009	0	3,066	74.59	3.75	$11,502
Oct 2009	0	3,059	72.54	4.11	$12,573
Sep 2009	0	3,248	65.54	3.06	$9,954
Aug 2009	0	3,375	67.42	3.22	$10,862
Jul 2009	35	3,365	61.13	3.46	$13,798
Jun 2009	0	3,467	66.16	3.90	$13,504
May 2009	0	3,638	54.74	3.93	$14,282
Apr 2009	0	3,806	46.77	3.59	$13,654
Mar 2009	78	4,090	42.14	4.06	$19,888
Feb 2009	0	3,605	32.81	4.63	$16,702
Jan 2009	0	4,047	35.86	5.37	$21,736
Dec 2008	0	4,338	37.10	5.98	$25,929
Nov 2008	0	4,415	55.49	6.86	$30,288
Oct 2008	0	4,563	75.24	6.92	$31,585
Sep 2008	7	4,516	101.76	7.88	$36,285
Aug 2008	0	4,562	114.22	8.48	$38,700
Jul 2008	0	4,407	131.08	11.39	$50,193
Jun 2008	3	4,288	131.33	13.03	$56,278
May 2008	2	4,501	123.17	11.57	$52,342
Apr 2008	0	4,336	110.31	10.45	$45,332
Mar 2008	0	5,450	101.90	9.66	$52,669
Feb 2008	0	8,039	92.53	8.77	$70,507
Jan 2008	0	5,120	90.38	8.21	$42,013
Dec 2007	0	6,802	88.33	7.30	$49,668
Nov 2007	0	6,171	91.67	7.29	$44,997
Oct 2007	0	8,131	82.85	6.92	$56,283
Sep 2007	0	5,069	75.84	6.24	$31,652
Aug 2007	0	4,531	69.06	6.39	$28,944
Jul 2007	0	4,321	70.90	6.39	$27,602
Jun 2007	0	5,537	62.00	7.55	$41,796
May 2007	0	5,625	58.74	7.85	$44,135
Apr 2007	0	6,553	59.61	7.81	$51,147
Mar 2007	0	6,373	56.92	7.30	$46,535
Feb 2007	0	6,216	55.10	8.22	$51,071
Jan 2007	0	5,730	50.30	6.73	$38,545
Dec 2006	0	7,266	56.65	6.92	$50,269
Nov 2006	0	6,070	54.20	7.62	$46,238
Oct 2006	0	7,326	54.90	6.01	$44,057
Sep 2006	0	4,430	60.08	5.04	$22,315
Aug 2006	0	6,069	68.71	7.34	$44,546
Jul 2006	0	6,324	69.37	6.34	$40,112
Jun 2006	0	5,460	66.28	6.38	$34,856
May 2006	0	7,155	66.01	6.42	$45,971
Apr 2006	110	6,429	64.39	7.36	$54,403
Mar 2006	0	6,817	56.70	7.08	$48,284
Feb 2006	0	6,372	57.59	7.75	$49,390
Jan 2006	0	8,550	60.59	8.93	$76,380
Dec 2005	0	6,792	54.94	13.42	$91,117
Nov 2005	0	5,619	54.69	10.59	$59,496
Oct 2005	0	7,140	58.34	13.80	$98,502
Sep 2005	1	7,232	61.45	12.08	$87,417
Aug 2005	8	9,480	61.51	9.80	$93,366
Jul 2005	8	9,463	55.69	7.84	$74,670
Jun 2005	132	8,476	52.33	7.38	$69,469
May 2005	4	8,861	45.22	6.65	$59,117
Apr 2005	5	9,008	49.20	7.36	$66,549
Mar 2005	6	10,271	50.37	7.15	$73,790
Feb 2005	12	9,694	45.22	6.31	$61,730
Jan 2005	8	10,874	43.16	6.32	$69,093
Dec 2004	11	10,995	39.86	6.75	$74,667
Nov 2004	0	10,358	45.28	6.33	$65,570
Oct 2004	128	10,629	49.70	6.52	$75,611
Sep 2004	0	11,411	43.24	5.28	$60,295
Aug 2004	1	13,771	42.37	5.55	$76,481
Jul 2004	4	14,970	38.28	6.08	$91,233
Jun 2004	3	15,893	36.10	6.43	$102,348
May 2004	98	19,705	37.48	6.49	$131,649
Apr 2004	4	21,554	34.47	5.86	$126,411
Mar 2004	8	26,195	34.36	5.53	$145,137
Feb 2004	88	29,133	32.45	5.51	$163,367
Jan 2004	22	36,875	32.03	6.30	$233,004
Dec 2003	43	11,005	30.26	6.30	$70,651

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 2013 — as filed, then multipliedworked

Condensate            11 bbl  × $102.52 =     $1,128
Gas                  334 Mcf  × $  3.72 =     $1,242

────────────────────────────────────────────────────
Month total                                   $2,369

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/199492 is the state's own key, not one this site invented.