FRANKS ESTATE

Operated by SHERIDAN PRODUCTION CO III, LLC (P-5 775851) 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 204443District 06Field 862333002 tax incentive programmesCondensateGasSaveExport
Value, all time
$14.6 M
Aug 2004 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
262
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112005-01-13159294
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
CondensateDisposition6,697 bbl$424,989
GasProduction2,295,344 Mcf$14,129,147
Total$14,554,136

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 31.7706, -94.3904. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.77056, -94.39044 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,550 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
00.0%
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.
1100.0%

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 10,550 ft.

Completions filed
Aug 2004
1 of 1 wells

1 well

42-41930933410,550 ftAug 2004

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 (262)

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

262 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 201901,92652.782.49$4,798
May 201904,95858.482.74$13,587
Apr 201904,89062.632.75$13,451
Mar 201905,03556.803.06$15,418
Feb 201904,52950.852.79$12,646
Jan 201905,10246.033.23$16,470
Dec 201805,13846.594.19$21,505
Nov 201804,57152.934.24$19,368
Oct 201805,33661.443.40$18,132
Sep 201805,10159.543.11$15,854
Aug 201805,46859.403.07$16,768
Jul 201805,14865.142.93$15,093
Jun 201804,83560.183.08$14,877
May 201804,82965.382.90$14,008
Apr 201805,00863.842.90$14,527
Mar 201805,17161.222.79$14,411
Feb 201804,09361.782.77$11,322
Jan 201814,05062.874.01$16,301
Dec 201764,60257.272.92$13,788
Nov 2017124,59355.423.12$14,988
Oct 201704,95849.292.98$14,793
Sep 201724,55347.523.09$14,151
Aug 201724,95645.373.00$14,981
Jul 201745,13443.873.09$16,026
Jun 2017135,13142.493.09$16,393
May 201754,55045.373.26$15,075
Apr 201794,94647.933.21$16,316
Mar 201784,97046.772.98$15,203
Feb 2017104,73450.452.95$14,482
Jan 2017115,37449.413.42$18,916
Dec 2016104,93748.763.72$18,867
Nov 201674,15342.492.64$11,279
Oct 2016115,12446.193.09$16,343
Sep 2016124,83641.553.10$15,493
Aug 201685,53741.442.92$16,524
Jul 2016135,61441.622.92$16,958
Jun 2016135,40245.352.69$15,098
May 2016105,86642.521.99$12,105
Apr 201635,68436.561.99$11,427
Mar 201605,93433.011.79$10,646
Feb 201605,54326.472.06$11,439
Jan 201605,80427.352.36$13,723
Dec 201515,88032.362.00$11,801
Nov 2015145,45538.792.17$12,366
Oct 2015195,49143.552.43$14,152
Sep 2015275,24942.992.76$15,640
Aug 2015135,63740.162.87$16,714
Jul 2015144,24548.152.95$13,176
Jun 2015135,34456.152.88$16,136
May 2015155,65955.212.96$17,553
Apr 2015115,32649.822.71$14,963
Mar 2015195,28642.892.93$16,328
Feb 2015164,33444.662.98$13,613
Jan 201583,24043.433.10$10,393
Dec 2014112054.693.59$486
Nov 20146070.464.25$423
Oct 201463,82778.303.90$15,399
Sep 201456,65986.164.05$27,369
Aug 201447,10589.394.04$29,027
Jul 201446,97696.564.18$29,543
Jun 201466,86698.164.74$33,112
May 201445,99494.734.73$28,710
Apr 201456,86895.944.81$33,509
Mar 201467,17895.895.06$36,873
Feb 201426,51597.406.19$40,536
Jan 201447,47090.404.86$36,671
Dec 201337,31691.824.35$32,133
Nov 201347,15188.853.74$27,088
Oct 201346,83297.423.78$26,210
Sep 201346,363104.113.72$24,072
Aug 201357,187104.253.52$25,838
Jul 201397,054102.523.72$27,148
Jun 201356,70094.403.93$26,826
May 201377,72694.834.15$32,720
Apr 201397,92893.964.28$34,798
Mar 2013238,51393.623.91$35,464
Feb 201398,11291.233.42$28,563
Jan 2013238,20391.603.42$30,160
Dec 2012169,24286.773.42$32,997
Nov 2012217,41186.953.62$28,691
Oct 2012208,80689.383.40$31,725
Sep 2012248,71094.672.92$27,691
Aug 2012359,71692.662.91$31,499
Jul 2012167,53985.133.02$24,136
Jun 2012108,71879.822.52$22,759
May 2012129,05891.612.49$23,639
Apr 2012199,100101.652.00$20,102
Mar 201279,337105.052.22$21,483
Feb 2012248,809101.102.57$25,068
Jan 2012109,90298.092.73$28,054
Dec 20112010,25296.873.24$35,151
Nov 2011169,50195.723.31$32,992
Oct 20111010,27984.983.65$38,353
Sep 20111210,01383.623.99$40,913
Aug 2011119,12383.404.15$38,772
Jul 201189,91594.144.52$45,542
Jun 2011810,65992.904.64$50,200
May 2011311,43998.134.40$50,681
Apr 2011312,104105.964.33$52,768
Mar 2011313,83096.364.06$56,402
Feb 201137,94185.644.18$33,450
Jan 201139,10786.504.59$42,050
Dec 201057,70185.734.35$33,911
Nov 2010109,04680.843.80$35,141
Oct 2010209,76378.103.51$35,819
Sep 2010259,40172.633.98$39,227
Aug 2010329,66573.684.42$45,071
Jul 2010319,50272.554.74$47,255
Jun 2010199,44670.364.91$47,720
May 20104810,08771.124.24$46,134
Apr 20103010,15481.694.12$44,312
Mar 20103010,40278.394.39$48,003
Feb 2010428,54073.585.44$49,568
Jan 2010418,40874.365.96$53,195
Dec 20093410,33071.445.48$59,076
Nov 20095211,07874.593.75$45,438
Oct 20091312,40272.544.11$51,918
Sep 20094512,18965.543.06$40,306
Aug 20093313,60567.423.22$46,013
Jul 20092714,28961.133.46$51,155
Jun 20093213,26566.163.90$53,784
May 2009013,32254.743.93$52,299
Apr 2009013,04846.773.59$46,810
Mar 2009014,16542.144.06$57,496
Feb 2009013,69332.814.63$63,440
Jan 20091213,61235.865.37$73,540
Dec 20084013,91137.105.98$84,632
Nov 20084816,44155.496.86$115,455
Oct 20082613,31875.246.92$94,143
Sep 20084615,127101.767.88$123,838
Aug 20085816,259114.228.48$144,550
Jul 20084216,550131.0811.39$194,000
Jun 20086117,388131.3313.03$234,623
May 20084816,674123.1711.57$198,902
Apr 20083516,998110.3110.45$181,573
Mar 20082819,358101.909.66$189,930
Feb 20083217,03892.538.77$152,394
Jan 20083719,32990.388.21$161,953
Dec 20073820,26788.337.30$151,346
Nov 20074919,92491.677.29$149,772
Oct 200722017,18782.856.92$137,195
Sep 2007018,46875.846.24$115,317
Aug 2007021,18669.066.39$135,335
Jul 200714721,94670.906.39$150,612
Jun 2007021,19662.007.55$159,997
May 200717722,32858.747.85$185,589
Apr 200713422,39759.617.81$182,801
Mar 2007022,17856.927.30$161,943
Feb 2007020,36755.108.22$167,335
Jan 200717123,73250.306.73$168,243
Dec 200616725,64456.656.92$186,877
Nov 2006022,30054.207.62$169,870
Oct 200616927,08854.906.01$172,180
Sep 200616623,20360.085.04$126,851
Aug 2006027,27768.717.34$200,211
Jul 200614423,17769.376.34$156,995
Jun 200615327,11466.286.38$183,233
May 200615329,19166.016.42$197,652
Apr 200613827,46564.397.36$211,041
Mar 200616427,41056.707.08$203,442
Feb 2006027,42057.597.75$212,536
Jan 200615731,60560.598.93$291,850
Dec 200516332,39454.9413.42$443,534
Nov 200515731,90754.6910.59$346,430
Oct 200515133,88658.3413.80$476,292
Sep 200515833,61561.4512.08$415,745
Aug 200514235,59661.519.80$357,463
Jul 200515636,96555.697.84$298,628
Jun 200515634,26552.337.38$261,075
May 200515738,03745.226.65$260,090
Apr 200512938,24549.207.36$287,848
Mar 200516740,62450.377.15$299,072
Feb 200515437,84545.226.31$245,838
Jan 200529642,26443.166.32$279,977
Dec 200417044,53639.866.75$307,442
Nov 200415945,42445.286.33$294,753
Oct 200414125,92249.706.52$175,892
Sep 2004035,99743.245.28$190,205
Aug 2004017,80542.375.55$98,830

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.

Jun 2019 — as filed, then multipliedworked
Condensate             0 bbl  × $ 52.78 =         $0
Gas                1,926 Mcf  × $  2.49 =     $4,798

────────────────────────────────────────────────────
Month total                                   $4,798

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/204443 is the state's own key, not one this site invented.