FRANKS ESTATE

Name: FRANKS ESTATE lease production and value, Aug 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by DEVON ENERGY PRODUCTION CO, L.P. (P-5 216378) in the STOCKMAN (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 203939District 06Field 862333002 tax incentive programmesCondensateGasSave Export

Value, all time

$4.0 M

Aug 2004 – Jan 2016

Value, last 12 filed months

$19 k

at the published price for each month

Months reported

138

no gaps in the span

Streams

condensate, gas

The STOCKMAN (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 102 leases and 102 wells, and the rule below applies to all of them.

Discovered

1976-10-13

as the register files it

Field class

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 40 acres. The field rule took effect on 2011-10-11.

The Commission's schedule remark for this field reads: “FROM OCTOBER TO DECEMBER.”

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	2005-03-22	158857
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	5,745 bbl	$463,119
Gas	Production	555,871 Mcf	$3,520,267
Total			$3,983,386

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 31.7709, -94.3808. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.77086, -94.38076 · 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

10,570 ft

1 wells filed one

Completion to plug

8.5 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 10,570 ft.

Completions filed

Jul 2007

1 of 1 wells

Plug dates filed

Jan 2016

1 of 1 wells

Last completion to plug: a median of 8.5 years across the 1 well that filed both dates, with the middle half between 8.5 years and 8.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-41930916	3	10,570 ft	Jul 2007	Jan 2016	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


Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	114	32.36	2.00	$228
Nov 2015	0	106	38.79	2.17	$230
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	3	40.16	2.87	$9
Jul 2015	0	645	48.15	2.95	$1,900
Jun 2015	0	1,050	56.15	2.88	$3,027
May 2015	0	1,263	55.21	2.96	$3,733
Apr 2015	0	1,173	49.82	2.71	$3,175
Mar 2015	0	1,164	42.89	2.93	$3,416
Feb 2015	0	1,256	44.66	2.98	$3,738
Jan 2015	0	1,163	43.43	3.10	$3,606
Dec 2014	0	1,353	54.69	3.59	$4,859
Nov 2014	0	1,926	70.46	4.25	$8,189
Oct 2014	16	1,236	78.30	3.90	$6,074
Sep 2014	17	1,390	86.16	4.05	$7,088
Aug 2014	15	1,457	89.39	4.04	$7,220
Jul 2014	14	1,794	96.56	4.18	$8,850
Jun 2014	19	2,644	98.16	4.74	$14,389
May 2014	12	3,002	94.73	4.73	$15,326
Apr 2014	15	3,070	95.94	4.81	$16,203
Mar 2014	19	2,774	95.89	5.06	$15,849
Feb 2014	6	2,410	97.40	6.19	$15,507
Jan 2014	13	4,370	90.40	4.86	$22,417
Dec 2013	9	3,556	91.82	4.35	$16,311
Nov 2013	12	1,681	88.85	3.74	$7,350
Oct 2013	12	1,470	97.42	3.78	$6,725
Sep 2013	13	1,872	104.11	3.72	$8,313
Aug 2013	11	2,338	104.25	3.52	$9,383
Jul 2013	16	2,393	102.52	3.72	$10,537
Jun 2013	8	2,305	94.40	3.93	$9,822
May 2013	9	1,952	94.83	4.15	$8,952
Apr 2013	18	1,972	93.96	4.28	$10,137
Mar 2013	22	2,098	93.62	3.91	$10,269
Feb 2013	5	2,191	91.23	3.42	$7,949
Jan 2013	18	2,528	91.60	3.42	$10,294
Dec 2012	10	2,278	86.77	3.42	$8,659
Nov 2012	10	2,381	86.95	3.62	$9,501
Oct 2012	7	2,165	89.38	3.40	$7,986
Sep 2012	9	2,548	94.67	2.92	$8,288
Aug 2012	24	2,188	92.66	2.91	$8,587
Jul 2012	35	2,913	85.13	3.02	$11,779
Jun 2012	27	2,261	79.82	2.52	$7,851
May 2012	33	2,895	91.61	2.49	$10,227
Apr 2012	46	2,890	101.65	2.00	$10,447
Mar 2012	15	2,978	105.05	2.22	$8,193
Feb 2012	54	2,653	101.10	2.57	$12,278
Jan 2012	23	3,122	98.09	2.73	$10,792
Dec 2011	45	3,257	96.87	3.24	$14,911
Nov 2011	37	2,786	95.72	3.31	$12,767
Oct 2011	22	3,057	84.98	3.65	$13,023
Sep 2011	24	3,119	83.62	3.99	$14,439
Aug 2011	23	2,624	83.40	4.15	$12,806
Jul 2011	16	2,664	94.14	4.52	$13,540
Jun 2011	15	2,980	92.90	4.64	$15,220
May 2011	4	2,817	98.13	4.40	$12,801
Apr 2011	3	1,800	105.96	4.33	$8,118
Mar 2011	3	2,744	96.36	4.06	$11,422
Feb 2011	2	2,050	85.64	4.18	$8,740
Jan 2011	4	2,804	86.50	4.59	$13,213
Dec 2010	6	2,334	85.73	4.35	$10,662
Nov 2010	9	2,705	80.84	3.80	$10,994
Oct 2010	11	3,144	78.10	3.51	$11,891
Sep 2010	11	3,770	72.63	3.98	$15,802
Aug 2010	14	3,521	73.68	4.42	$16,592
Jul 2010	15	3,759	72.55	4.74	$18,893
Jun 2010	9	4,274	70.36	4.91	$21,620
May 2010	9	3,815	71.12	4.24	$16,797
Apr 2010	0	4,030	81.69	4.12	$16,614
Mar 2010	0	4,290	78.39	4.39	$18,827
Feb 2010	0	3,926	73.58	5.44	$21,367
Jan 2010	0	4,192	74.36	5.96	$25,001
Dec 2009	0	4,535	71.44	5.48	$24,869
Nov 2009	0	4,630	74.59	3.75	$17,369
Oct 2009	0	3,900	72.54	4.11	$16,030
Sep 2009	0	4,686	65.54	3.06	$14,361
Aug 2009	0	1,894	67.42	3.22	$6,096
Jul 2009	0	1,439	61.13	3.46	$4,985
Jun 2009	0	2,130	66.16	3.90	$8,296
May 2009	0	4,853	54.74	3.93	$19,052
Apr 2009	0	4,447	46.77	3.59	$15,954
Mar 2009	0	4,850	42.14	4.06	$19,686
Feb 2009	0	4,271	32.81	4.63	$19,788
Jan 2009	30	4,863	35.86	5.37	$27,195
Dec 2008	101	5,775	37.10	5.98	$38,265
Nov 2008	119	6,490	55.49	6.86	$51,127
Oct 2008	64	2,504	75.24	6.92	$22,148
Sep 2008	115	2,587	101.76	7.88	$32,080
Aug 2008	135	3,286	114.22	8.48	$43,295
Jul 2008	102	5,716	131.08	11.39	$78,472
Jun 2008	150	6,123	131.33	13.03	$99,498
May 2008	136	6,449	123.17	11.57	$91,394
Apr 2008	206	6,899	110.31	10.45	$94,852
Mar 2008	194	7,614	101.90	9.66	$93,351
Feb 2008	242	7,377	92.53	8.77	$87,093
Jan 2008	254	8,193	90.38	8.21	$90,186
Dec 2007	261	8,871	88.33	7.30	$87,830
Nov 2007	341	8,150	91.67	7.29	$90,687
Oct 2007	484	8,789	82.85	6.92	$100,937
Sep 2007	0	8,808	75.84	6.24	$54,999
Aug 2007	177	8,618	69.06	6.39	$67,275
Jul 2007	0	6,627	70.90	6.39	$42,333
Jun 2007	170	5,519	62.00	7.55	$52,200
May 2007	0	6,019	58.74	7.85	$47,227
Apr 2007	0	5,860	59.61	7.81	$45,738
Mar 2007	0	5,969	56.92	7.30	$43,585
Feb 2007	164	5,832	55.10	8.22	$56,952
Jan 2007	0	6,827	50.30	6.73	$45,924
Dec 2006	0	8,454	56.65	6.92	$58,488
Nov 2006	179	3,576	54.20	7.62	$36,942
Oct 2006	0	6,877	54.90	6.01	$41,357
Sep 2006	0	6,768	60.08	5.04	$34,092
Aug 2006	0	7,672	68.71	7.34	$56,312
Jul 2006	0	7,180	69.37	6.34	$45,541
Jun 2006	146	8,090	66.28	6.38	$61,322
May 2006	0	8,178	66.01	6.42	$52,544
Apr 2006	0	9,858	64.39	7.36	$72,560
Mar 2006	151	6,052	56.70	7.08	$51,428
Feb 2006	0	8,459	57.59	7.75	$65,567
Jan 2006	155	9,381	60.59	8.93	$93,195
Dec 2005	0	9,018	54.94	13.42	$120,980
Nov 2005	0	3,836	54.69	10.59	$40,617
Oct 2005	0	4,581	58.34	13.80	$63,198
Sep 2005	144	4,083	61.45	12.08	$58,167
Aug 2005	0	4,663	61.51	9.80	$45,683
Jul 2005	0	3,574	55.69	7.84	$28,033
Jun 2005	0	4,193	52.33	7.38	$30,949
May 2005	0	5,101	45.22	6.65	$33,928
Apr 2005	152	5,677	49.20	7.36	$49,264
Mar 2005	0	6,375	50.37	7.15	$45,612
Feb 2005	0	6,477	45.22	6.31	$40,882
Jan 2005	176	7,433	43.16	6.32	$54,589
Dec 2004	152	10,356	39.86	6.75	$75,973
Nov 2004	0	10,436	45.28	6.33	$66,064
Oct 2004	171	648	49.70	6.52	$12,720
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	8,022	42.37	5.55	$44,527

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.

Dec 2015 — as filed, then multipliedworked

Condensate             0 bbl  × $ 32.36 =         $0
Gas                  114 Mcf  × $  2.00 =       $228

────────────────────────────────────────────────────
Month total                                     $228

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/203939 is the state's own key, not one this site invented.