LAKE CHEROKEE GAS UNIT NO. 1

Operated by VERADO ENERGY, INC. (P-5 884563) 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 201899District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.5 M
Mar 2004 – May 2021
Value, last 12 filed months
$23 k
at the published price for each month
Months reported
207
no gaps in the span
Streams
2
condensate, gas

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112005-01-27158229
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition1,941 bbl$125,793
GasProduction1,028,621 Mcf$6,331,535
Total$6,457,328

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 32.3737, -94.6343. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.37369, -94.63434 · centre of the wells drawn, derived

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
10,925 ft
1 wells filed one
Completion to plug
17.2 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 10,925 ft.

Completions filed
Mar 2004
1 of 1 wells
Plug dates filed
May 2021
1 of 1 wells

Last completion to plug: a median of 17.2 years across the 1 well that filed both dates, with the middle half between 17.2 years and 17.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-18331628710,925 ftMar 2004May 2021Yes

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 (207)

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

207 months

May 2021062563.483.02$1,886
Apr 2021079760.362.76$2,198
Mar 2021087461.302.72$2,375
Feb 2021046557.805.55$2,580
Jan 2021052250.412.81$1,467
Dec 2020049644.642.68$1,327
Nov 2020025538.772.71$690
Oct 2020084336.972.48$2,089
Sep 2020696537.091.99$2,144
Aug 202001,04439.982.39$2,490
Jul 202001,17938.371.83$2,152
Jun 2020097234.901.69$1,643
May 2020092316.921.81$1,675
Apr 2020069214.751.80$1,249
Mar 2020063830.341.86$1,184
Feb 2020056749.881.98$1,123
Jan 2020070057.252.09$1,466
Dec 2019080159.012.30$1,846
Nov 2019075355.302.75$2,071
Oct 2019069553.472.42$1,681
Sep 2019091555.052.66$2,431
Aug 2019086653.112.30$1,996
Jul 2019087256.272.46$2,145
Jun 2019080752.782.49$2,010
May 2019093258.482.74$2,554
Apr 20191299062.632.75$3,475
Mar 201901,21356.803.06$3,714
Feb 201901,11450.852.79$3,111
Jan 201901,06746.033.23$3,444
Dec 2018097346.594.19$4,072
Nov 201801,00452.934.24$4,254
Oct 201801,20261.443.40$4,084
Sep 201801,58659.543.11$4,929
Aug 2018181,89359.403.07$6,874
Jul 201802,26365.142.93$6,635
Jun 201802,03260.183.08$6,252
May 201801,75065.382.90$5,076
Apr 201801,91963.842.90$5,567
Mar 2018191,80661.222.79$6,196
Feb 201801,24461.782.77$3,441
Jan 201801,75062.874.01$7,016
Dec 201701,73757.272.92$5,075
Nov 201701,58255.423.12$4,933
Oct 201701,50549.292.98$4,490
Sep 201701,39847.523.09$4,316
Aug 201701,76745.373.00$5,309
Jul 201712,60343.873.09$8,080
Jun 201702,64242.493.09$8,157
May 201713,60545.373.26$11,810
Apr 201713,41947.933.21$11,028
Mar 2017242,30446.772.98$7,997
Feb 201701,52450.452.95$4,500
Jan 201701,36849.413.42$4,677
Dec 201601,38648.763.72$5,160
Nov 201601,73742.492.64$4,593
Oct 201601,46846.193.09$4,537
Sep 201601,63841.553.10$5,079
Aug 201613,02841.442.92$8,896
Jul 201613,04241.622.92$8,937
Jun 201612,87145.352.69$7,756
May 201613,18842.521.99$6,390
Apr 201613,01036.561.99$6,030
Mar 201602,34233.011.79$4,202
Feb 20161394326.472.06$2,290
Jan 2016088027.352.36$2,081
Dec 201501,42432.362.00$2,850
Nov 201501,34138.792.17$2,906
Oct 201501,70643.552.43$4,140
Sep 201501,71642.992.76$4,733
Aug 201532,45240.162.87$7,164
Jul 201512,33648.152.95$6,928
Jun 201501,26456.152.88$3,644
May 201501,41955.212.96$4,194
Apr 2015141,50749.822.71$4,776
Mar 201501,70742.892.93$5,010
Feb 201501,24944.662.98$3,717
Jan 201501,38643.433.10$4,297
Dec 201401,74954.693.59$6,281
Nov 201402,05070.464.25$8,716
Oct 201402,38878.303.90$9,315
Sep 201412,27686.164.05$9,294
Aug 201402,15389.394.04$8,688
Jul 201413,11196.564.18$13,099
Jun 201412,09398.164.74$10,012
May 201402,06194.734.73$9,741
Apr 2014202,66995.944.81$14,754
Mar 201411,82595.895.06$9,325
Feb 201401,12297.406.19$6,947
Jan 201471,03990.404.86$5,683
Dec 201301,45491.824.35$6,331
Nov 201302,89888.853.74$10,834
Oct 201302,38697.423.78$9,018
Sep 2013141,681104.113.72$7,707
Aug 201302,101104.253.52$7,401
Jul 201302,882102.523.72$10,715
Jun 201302,20194.403.93$8,657
May 2013162,48094.834.15$11,807
Apr 201343,76893.964.28$16,513
Mar 2013152,28793.623.91$10,353
Feb 201311,95291.233.42$6,767
Jan 201302,65791.603.42$9,087
Dec 2012253,26886.773.42$13,346
Nov 201233,04286.953.62$11,288
Oct 201232,81889.383.40$9,848
Sep 2012192,74994.672.92$9,821
Aug 201212,59692.662.91$7,642
Jul 201202,68885.133.02$8,120
Jun 201223,22879.822.52$8,291
May 201203,88591.612.49$9,667
Apr 201232,526101.652.00$5,349
Mar 201201,919105.052.22$4,264
Feb 2012162,282101.102.57$7,483
Jan 201222,45698.092.73$6,911
Dec 201112,35696.873.24$7,730
Nov 201102,20595.723.31$7,301
Oct 201103,15984.983.65$11,526
Sep 2011193,33183.623.99$14,865
Aug 201113,50083.404.15$14,606
Jul 201113,79494.144.52$17,233
Jun 201113,57192.904.64$16,662
May 2011243,99498.134.40$19,948
Apr 201102,275105.964.33$9,858
Mar 201112,93396.364.06$11,997
Feb 201113,21985.644.18$13,541
Jan 2011173,28786.504.59$16,554
Dec 201013,00585.734.35$13,151
Nov 201002,85580.843.80$10,836
Oct 201013,28878.103.51$11,615
Sep 201013,66172.633.98$14,641
Aug 201004,00673.684.42$17,704
Jul 201003,98472.554.74$18,870
Jun 201003,90070.364.91$19,151
May 2010214,58871.124.24$20,925
Apr 201013,63281.694.12$15,055
Mar 2010173,97678.394.39$18,782
Feb 201003,55573.585.44$19,348
Jan 2010163,67974.365.96$23,132
Dec 2009174,12771.445.48$23,846
Nov 2009174,17474.593.75$16,927
Oct 200904,55772.544.11$18,730
Sep 2009154,03465.543.06$13,346
Aug 200904,26967.423.22$13,740
Jul 200904,11561.133.46$14,256
Jun 2009215,75666.163.90$23,809
May 2009195,65954.743.93$23,256
Apr 2009185,50046.773.59$20,573
Mar 200906,59842.144.06$26,781
Feb 2009195,31932.814.63$25,266
Jan 2009205,97435.865.37$32,804
Dec 2008154,76937.105.98$29,061
Nov 200806,20255.496.86$42,548
Oct 2008196,28675.246.92$44,941
Sep 2008217,721101.767.88$62,956
Aug 2008228,380114.228.48$73,601
Jul 200807,865131.0811.39$89,578
Jun 2008156,230131.3313.03$83,163
May 2008146,403123.1711.57$75,835
Apr 2008166,853110.3110.45$73,412
Mar 2008146,332101.909.66$62,619
Feb 2008336,61592.538.77$61,071
Jan 2008186,87890.388.21$58,066
Dec 2007166,65388.337.30$49,993
Nov 2007146,03191.677.29$45,260
Oct 2007266,79482.856.92$49,182
Sep 2007115,36375.846.24$34,322
Aug 2007477,02069.066.39$48,089
Jul 200707,36670.906.39$47,054
Jun 2007237,28562.007.55$56,416
May 2007248,00258.747.85$64,196
Apr 2007227,12159.617.81$56,892
Mar 2007407,77956.927.30$59,079
Feb 2007217,25755.108.22$60,781
Jan 2007228,21950.306.73$56,395
Dec 2006218,21656.656.92$58,032
Nov 2006228,93754.207.62$69,270
Oct 2006219,37754.906.01$57,544
Sep 2006259,30560.085.04$48,373
Aug 20065010,43468.717.34$80,020
Jul 2006209,46569.376.34$61,422
Jun 20064010,15066.286.38$67,448
May 20065010,08566.016.42$68,097
Apr 20063510,64864.397.36$80,628
Mar 20064513,65356.707.08$99,255
Feb 20063610,65457.597.75$84,654
Jan 2006512,11160.598.93$108,494
Dec 20052912,83754.9413.42$173,807
Nov 20055611,28054.6910.59$122,500
Oct 2005013,34458.3413.80$184,091
Sep 20052511,54861.4512.08$141,025
Aug 20054712,09561.519.80$121,384
Jul 20052514,52955.697.84$115,353
Jun 2005011,80452.337.38$87,126
May 20055314,91445.226.65$101,592
Apr 20058314,82249.207.36$113,181
Mar 2005015,34950.377.15$109,820
Feb 20058217,22245.226.31$112,412
Jan 2005017,25543.166.32$109,090
Dec 2004018,71539.866.75$126,346
Nov 2004019,62745.286.33$124,247
Oct 20047018,63849.706.52$124,907
Sep 2004020,13343.245.28$106,381
Aug 2004021,90342.375.55$121,576
Jul 2004024,97338.286.08$151,940
Jun 2004029,33536.106.43$188,713
May 200410534,32137.486.49$226,836
Apr 2004043,44534.475.86$254,521
Mar 20040034.365.53$0

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.

May 2021 — as filed, then multipliedworked
Condensate             0 bbl  × $ 63.48 =         $0
Gas                  625 Mcf  × $  3.02 =     $1,886

────────────────────────────────────────────────────
Month total                                   $1,886

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/201899 is the state's own key, not one this site invented.