MCGEE GAS UNIT

Name: MCGEE GAS UNIT lease production and value, Feb 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BP AMERICA PRODUCTION COMPANY (P-5 40798) in the WOODLAWN (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 200728District 06Field 985630832 tax incentive programmesCondensateGasSave Export

Value, all time

$6.4 M

Feb 2004 – Mar 2014

Value, last 12 filed months

$12 k

at the published price for each month

Months reported

122

no gaps in the span

Streams

condensate, gas

The WOODLAWN (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 368 leases and 368 wells, and the rule below applies to all of them.

Discovered

1965-01-10

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 2010-11-02.

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	2007-09-27	177325
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	3,750 bbl	$243,921
Gas	Production	932,061 Mcf	$6,202,071
Total			$6,445,992

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 32.5994, -94.4067. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.59941, -94.40669 · 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

10,020 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 10,020 ft.

Completions filed

Mar 2014

1 of 1 wells

1 well


42-20332794	8	10,020 ft	Mar 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 (122)

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

122 months


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	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	11	200	104.25	3.52	$1,851
Jul 2013	11	457	102.52	3.72	$2,827
Jun 2013	10	300	94.40	3.93	$2,124
May 2013	12	368	94.83	4.15	$2,665
Apr 2013	12	382	93.96	4.28	$2,763
Mar 2013	14	600	93.62	3.91	$3,658
Feb 2013	14	388	91.23	3.42	$2,604
Jan 2013	15	381	91.60	3.42	$2,677
Dec 2012	13	461	86.77	3.42	$2,705
Nov 2012	8	299	86.95	3.62	$1,779
Oct 2012	7	281	89.38	3.40	$1,581
Sep 2012	10	1,244	94.67	2.92	$4,577
Aug 2012	21	2,573	92.66	2.91	$9,429
Jul 2012	19	2,518	85.13	3.02	$9,224
Jun 2012	4	569	79.82	2.52	$1,753
May 2012	16	1,907	91.61	2.49	$6,211
Apr 2012	26	3,256	101.65	2.00	$9,144
Mar 2012	21	2,612	105.05	2.22	$8,010
Feb 2012	35	3,484	101.10	2.57	$12,493
Jan 2012	35	3,264	98.09	2.73	$12,357
Dec 2011	21	1,340	96.87	3.24	$6,376
Nov 2011	23	1,854	95.72	3.31	$8,341
Oct 2011	32	1,824	84.98	3.65	$9,374
Sep 2011	42	2,480	83.62	3.99	$13,397
Aug 2011	53	3,092	83.40	4.15	$17,250
Jul 2011	51	3,271	94.14	4.52	$19,577
Jun 2011	56	3,647	92.90	4.64	$22,124
May 2011	44	2,484	98.13	4.40	$15,259
Apr 2011	55	2,788	105.96	4.33	$17,909
Mar 2011	73	3,694	96.36	4.06	$22,022
Feb 2011	61	3,113	85.64	4.18	$18,236
Jan 2011	59	2,854	86.50	4.59	$18,200
Dec 2010	69	4,126	85.73	4.35	$23,854
Nov 2010	8	787	80.84	3.80	$3,634
Oct 2010	27	2,752	78.10	3.51	$11,765
Sep 2010	33	3,684	72.63	3.98	$17,057
Aug 2010	25	4,554	73.68	4.42	$21,968
Jul 2010	25	5,455	72.55	4.74	$27,651
Jun 2010	38	4,393	70.36	4.91	$24,245
May 2010	34	3,772	71.12	4.24	$18,393
Apr 2010	42	2,582	81.69	4.12	$14,076
Mar 2010	49	4,439	78.39	4.39	$23,322
Feb 2010	35	3,515	73.58	5.44	$21,705
Jan 2010	30	2,335	74.36	5.96	$16,157
Dec 2009	43	3,937	71.44	5.48	$24,661
Nov 2009	42	4,792	74.59	3.75	$21,110
Oct 2009	37	3,753	72.54	4.11	$18,110
Sep 2009	54	6,877	65.54	3.06	$24,615
Aug 2009	40	3,586	67.42	3.22	$14,238
Jul 2009	60	4,496	61.13	3.46	$19,244
Jun 2009	65	4,487	66.16	3.90	$21,777
May 2009	59	4,232	54.74	3.93	$19,843
Apr 2009	56	4,362	46.77	3.59	$18,268
Mar 2009	72	5,245	42.14	4.06	$24,324
Feb 2009	62	4,994	32.81	4.63	$25,171
Jan 2009	61	5,845	35.86	5.37	$33,581
Dec 2008	66	6,306	37.10	5.98	$40,140
Nov 2008	45	5,775	55.49	6.86	$42,116
Oct 2008	11	6,106	75.24	6.92	$43,093
Sep 2008	7	4,508	101.76	7.88	$36,222
Aug 2008	9	5,675	114.22	8.48	$49,169
Jul 2008	9	6,052	131.08	11.39	$70,109
Jun 2008	9	5,879	131.33	13.03	$77,801
May 2008	9	5,454	123.17	11.57	$64,235
Apr 2008	12	6,418	110.31	10.45	$68,423
Mar 2008	13	7,311	101.90	9.66	$71,979
Feb 2008	15	6,519	92.53	8.77	$58,563
Jan 2008	17	7,533	90.38	8.21	$63,350
Dec 2007	16	7,653	88.33	7.30	$57,295
Nov 2007	15	8,053	91.67	7.29	$60,095
Oct 2007	30	8,197	82.85	6.92	$59,225
Sep 2007	27	8,269	75.84	6.24	$53,681
Aug 2007	30	9,246	69.06	6.39	$61,135
Jul 2007	28	8,437	70.90	6.39	$55,880
Jun 2007	31	8,684	62.00	7.55	$67,473
May 2007	32	9,279	58.74	7.85	$74,685
Apr 2007	31	8,701	59.61	7.81	$69,761
Mar 2007	33	9,356	56.92	7.30	$70,196
Feb 2007	35	8,669	55.10	8.22	$73,153
Jan 2007	33	9,878	50.30	6.73	$68,108
Dec 2006	24	9,726	56.65	6.92	$68,648
Nov 2006	21	9,366	54.20	7.62	$72,484
Oct 2006	20	9,765	54.90	6.01	$59,823
Sep 2006	21	9,840	60.08	5.04	$50,828
Aug 2006	20	9,297	68.71	7.34	$69,613
Jul 2006	22	10,252	69.37	6.34	$66,552
Jun 2006	49	10,096	66.28	6.38	$67,699
May 2006	26	11,001	66.01	6.42	$72,398
Apr 2006	32	11,548	64.39	7.36	$87,059
Mar 2006	38	11,894	56.70	7.08	$86,399
Feb 2006	26	10,783	57.59	7.75	$85,078
Jan 2006	32	12,250	60.59	8.93	$111,372
Dec 2005	27	12,233	54.94	13.42	$165,594
Nov 2005	5	7,857	54.69	10.59	$83,467
Oct 2005	6	12,219	58.34	13.80	$168,920
Sep 2005	5	13,715	61.45	12.08	$165,971
Aug 2005	7	12,569	61.51	9.80	$123,567
Jul 2005	7	14,099	55.69	7.84	$110,977
Jun 2005	7	14,008	52.33	7.38	$103,760
May 2005	7	14,601	45.22	6.65	$97,430
Apr 2005	8	14,867	49.20	7.36	$109,822
Mar 2005	9	15,543	50.37	7.15	$111,662
Feb 2005	8	14,503	45.22	6.31	$91,904
Jan 2005	9	16,473	43.16	6.32	$104,534
Dec 2004	11	18,785	39.86	6.75	$127,258
Nov 2004	15	20,624	45.28	6.33	$131,238
Oct 2004	16	22,394	49.70	6.52	$146,694
Sep 2004	15	23,568	43.24	5.28	$125,180
Aug 2004	17	26,734	42.37	5.55	$149,112
Jul 2004	23	29,044	38.28	6.08	$177,589
Jun 2004	89	27,464	36.10	6.43	$179,889
May 2004	115	33,275	37.48	6.49	$220,417
Apr 2004	125	40,289	34.47	5.86	$240,340
Mar 2004	167	50,380	34.36	5.53	$284,347
Feb 2004	208	16,056	32.45	5.51	$95,212

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.

Aug 2013 — as filed, then multipliedworked

Condensate            11 bbl  × $104.25 =     $1,147
Gas                  200 Mcf  × $  3.52 =       $705

────────────────────────────────────────────────────
Month total                                   $1,851

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/200728 is the state's own key, not one this site invented.