REKLAW GU 3

Name: REKLAW GU 3 lease production and value, Dec 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by LRE OPERATING, LLC (P-5 511727) in the REKLAW (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 199762District 06Field 758396252 tax incentive programmesCondensateGasSave Export

Value, all time

$2.1 M

Dec 2003 – May 2015

Value, last 12 filed months

at the published price for each month

Months reported

138

no gaps in the span

Streams

condensate, gas

The REKLAW (TRAVIS PEAK) 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 93 leases and 93 wells, and the rule below applies to all of them.

Discovered

1979-12-10

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2006-01-10.

The Commission's schedule remark for this field reads: “#06-0244735. ALLOCATION FORMULA REMAINS SUSPENDED.”

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	2004-06-08	157179
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	1,426 bbl	$63,877
Gas	Production	321,994 Mcf	$2,084,484
Total			$2,148,361

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 31.7664, -94.9988. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.76640, -94.99876 · 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

9,855 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

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 9,855 ft.

Plug dates filed

May 2015

1 of 1 wells

1 well


42-07331071	12	9,855 ft	—	May 2015	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 (138)

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

138 months


May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
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	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	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	2	0	88.85	3.74	$178
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	148	94.40	3.93	$582
May 2013	0	524	94.83	4.15	$2,174
Apr 2013	0	468	93.96	4.28	$2,004
Mar 2013	0	432	93.62	3.91	$1,690
Feb 2013	0	369	91.23	3.42	$1,262
Jan 2013	0	469	91.60	3.42	$1,604
Dec 2012	0	494	86.77	3.42	$1,690
Nov 2012	0	496	86.95	3.62	$1,798
Oct 2012	0	468	89.38	3.40	$1,591
Sep 2012	1	467	94.67	2.92	$1,458
Aug 2012	0	459	92.66	2.91	$1,335
Jul 2012	0	403	85.13	3.02	$1,217
Jun 2012	10	246	79.82	2.52	$1,418
May 2012	0	583	91.61	2.49	$1,451
Apr 2012	0	623	101.65	2.00	$1,244
Mar 2012	0	685	105.05	2.22	$1,522
Feb 2012	0	550	101.10	2.57	$1,414
Jan 2012	0	596	98.09	2.73	$1,630
Dec 2011	0	6,132	96.87	3.24	$19,866
Nov 2011	0	797	95.72	3.31	$2,639
Oct 2011	0	1,013	84.98	3.65	$3,696
Sep 2011	0	1,019	83.62	3.99	$4,062
Aug 2011	0	975	83.40	4.15	$4,046
Jul 2011	0	757	94.14	4.52	$3,420
Jun 2011	6	845	92.90	4.64	$4,478
May 2011	0	970	98.13	4.40	$4,273
Apr 2011	0	1,024	105.96	4.33	$4,437
Mar 2011	0	1,297	96.36	4.06	$5,262
Feb 2011	0	412	85.64	4.18	$1,722
Jan 2011	0	668	86.50	4.59	$3,065
Dec 2010	0	1,047	85.73	4.35	$4,552
Nov 2010	0	830	80.84	3.80	$3,150
Oct 2010	0	1,135	78.10	3.51	$3,983
Sep 2010	0	1,083	72.63	3.98	$4,310
Aug 2010	0	1,105	73.68	4.42	$4,883
Jul 2010	0	1,032	72.55	4.74	$4,888
Jun 2010	0	720	70.36	4.91	$3,535
May 2010	4	629	71.12	4.24	$2,948
Apr 2010	0	1,134	81.69	4.12	$4,675
Mar 2010	0	1,089	78.39	4.39	$4,779
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	1,144	74.36	5.96	$6,823
Dec 2009	0	1,285	71.44	5.48	$7,047
Nov 2009	0	1,341	74.59	3.75	$5,031
Oct 2009	1	1,467	72.54	4.11	$6,102
Sep 2009	0	692	65.54	3.06	$2,121
Aug 2009	0	1,620	67.42	3.22	$5,214
Jul 2009	0	1,892	61.13	3.46	$6,555
Jun 2009	0	1,630	66.16	3.90	$6,349
May 2009	2	1,766	54.74	3.93	$7,042
Apr 2009	0	1,793	46.77	3.59	$6,432
Mar 2009	3	1,651	42.14	4.06	$6,828
Feb 2009	0	1,518	32.81	4.63	$7,033
Jan 2009	0	649	35.86	5.37	$3,486
Dec 2008	0	1,855	37.10	5.98	$11,088
Nov 2008	0	1,811	55.49	6.86	$12,424
Oct 2008	0	1,859	75.24	6.92	$12,868
Sep 2008	34	1,766	101.76	7.88	$17,371
Aug 2008	0	2,108	114.22	8.48	$17,882
Jul 2008	0	2,104	131.08	11.39	$23,963
Jun 2008	0	1,873	131.33	13.03	$24,410
May 2008	0	1,286	123.17	11.57	$14,885
Apr 2008	0	1,247	110.31	10.45	$13,037
Mar 2008	6	1,267	101.90	9.66	$12,856
Feb 2008	0	822	92.53	8.77	$7,209
Jan 2008	0	1,230	90.38	8.21	$10,093
Dec 2007	0	1,323	88.33	7.30	$9,661
Nov 2007	0	1,689	91.67	7.29	$12,316
Oct 2007	0	1,806	82.85	6.92	$12,501
Sep 2007	0	1,833	75.84	6.24	$11,446
Aug 2007	0	1,091	69.06	6.39	$6,969
Jul 2007	0	945	70.90	6.39	$6,037
Jun 2007	0	548	62.00	7.55	$4,137
May 2007	37	1,636	58.74	7.85	$15,010
Apr 2007	0	1,463	59.61	7.81	$11,419
Mar 2007	0	2,315	56.92	7.30	$16,904
Feb 2007	0	2,447	55.10	8.22	$20,105
Jan 2007	24	3,091	50.30	6.73	$22,000
Dec 2006	0	2,782	56.65	6.92	$19,247
Nov 2006	1	2,552	54.20	7.62	$19,494
Oct 2006	0	2,901	54.90	6.01	$17,446
Sep 2006	0	2,775	60.08	5.04	$13,978
Aug 2006	0	2,532	68.71	7.34	$18,585
Jul 2006	4	2,741	69.37	6.34	$17,663
Jun 2006	0	2,834	66.28	6.38	$18,092
May 2006	10	3,052	66.01	6.42	$20,269
Apr 2006	0	1,139	64.39	7.36	$8,384
Mar 2006	49	3,099	56.70	7.08	$24,728
Feb 2006	0	3,566	57.59	7.75	$27,640
Jan 2006	85	3,352	60.59	8.93	$35,095
Dec 2005	37	3,073	54.94	13.42	$43,258
Nov 2005	24	3,192	54.69	10.59	$35,111
Oct 2005	0	4,599	58.34	13.80	$63,447
Sep 2005	16	3,630	61.45	12.08	$44,830
Aug 2005	10	4,140	61.51	9.80	$41,174
Jul 2005	5	4,372	55.69	7.84	$34,571
Jun 2005	4	4,503	52.33	7.38	$33,446
May 2005	8	4,804	45.22	6.65	$32,314
Apr 2005	12	5,912	49.20	7.36	$44,106
Mar 2005	16	5,841	50.37	7.15	$42,598
Feb 2005	34	6,291	45.22	6.31	$41,246
Jan 2005	19	7,640	43.16	6.32	$49,122
Dec 2004	31	7,247	39.86	6.75	$50,161
Nov 2004	22	8,677	45.28	6.33	$55,925
Oct 2004	56	9,320	49.70	6.52	$63,504
Sep 2004	71	9,169	43.24	5.28	$51,518
Aug 2004	51	10,152	42.37	5.55	$58,511
Jul 2004	46	10,650	38.28	6.08	$66,557
Jun 2004	74	10,932	36.10	6.43	$72,997
May 2004	149	12,226	37.48	6.49	$84,987
Apr 2004	102	12,480	34.47	5.86	$76,630
Mar 2004	154	16,515	34.36	5.53	$96,622
Feb 2004	163	13,926	32.45	5.51	$82,016
Jan 2004	43	12,976	32.03	6.30	$83,121
Dec 2003	0	4,346	30.26	6.30	$27,387

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.

Nov 2013 — as filed, then multipliedworked

Condensate             2 bbl  × $ 88.85 =       $178
Gas                    0 Mcf  × $  3.74 =         $0

────────────────────────────────────────────────────
Month total                                     $178

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/199762 is the state's own key, not one this site invented.