OVERTON GAS UNIT NO. 3

Name: OVERTON GAS UNIT NO. 3 lease production and value, Oct 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by XTO ENERGY INC. (P-5 945936) in the OVERTON (COTTON VALLEY SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 205781District 06Field 678491502 tax incentive programmesCondensateGasSave Export

Value, all time

$2.9 M

Oct 2004 – Nov 2015

Value, last 12 filed months

$24 k

at the published price for each month

Months reported

134

no gaps in the span

Streams

condensate, gas

The OVERTON (COTTON VALLEY SAND) 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 702 leases and 702 wells, and the rule below applies to all of them.

Discovered

1977-02-23

as the register files it

Field class

Oil and gas

the register's own label

Between wells

600 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 2014-03-25.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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	2005-07-12	161060
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	302 bbl	$25,261
Gas	Production	442,275 Mcf	$2,907,037
Total			$2,932,298

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 32.2165, -95.0558. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.21652, -95.05577 · 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

11,645 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 11,645 ft.

Completions filed

Jun 2016

1 of 1 wells

1 well


42-42331754	6	11,645 ft	Jun 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 (134)

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

134 months


Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	1	386	48.15	2.95	$1,185
Jun 2015	0	756	56.15	2.88	$2,179
May 2015	0	1,081	55.21	2.96	$3,195
Apr 2015	0	1,233	49.82	2.71	$3,337
Mar 2015	0	1,303	42.89	2.93	$3,824
Feb 2015	0	1,109	44.66	2.98	$3,301
Jan 2015	2	1,182	43.43	3.10	$3,752
Dec 2014	0	936	54.69	3.59	$3,362
Nov 2014	0	674	70.46	4.25	$2,866
Oct 2014	0	768	78.30	3.90	$2,996
Sep 2014	0	669	86.16	4.05	$2,706
Aug 2014	0	547	89.39	4.04	$2,207
Jul 2014	0	669	96.56	4.18	$2,796
Jun 2014	0	484	98.16	4.74	$2,293
May 2014	0	699	94.73	4.73	$3,304
Apr 2014	0	631	95.94	4.81	$3,035
Mar 2014	0	921	95.89	5.06	$4,657
Feb 2014	0	608	97.40	6.19	$3,765
Jan 2014	0	731	90.40	4.86	$3,553
Dec 2013	0	815	91.82	4.35	$3,549
Nov 2013	0	898	88.85	3.74	$3,357
Oct 2013	0	939	97.42	3.78	$3,549
Sep 2013	0	761	104.11	3.72	$2,829
Aug 2013	0	860	104.25	3.52	$3,029
Jul 2013	0	919	102.52	3.72	$3,417
Jun 2013	0	805	94.40	3.93	$3,166
May 2013	0	1,225	94.83	4.15	$5,083
Apr 2013	0	926	93.96	4.28	$3,966
Mar 2013	0	1,157	93.62	3.91	$4,527
Feb 2013	0	1,046	91.23	3.42	$3,577
Jan 2013	0	1,133	91.60	3.42	$3,875
Dec 2012	0	938	86.77	3.42	$3,208
Nov 2012	0	1,135	86.95	3.62	$4,114
Oct 2012	0	1,566	89.38	3.40	$5,324
Sep 2012	0	1,133	94.67	2.92	$3,307
Aug 2012	8	1,263	92.66	2.91	$4,414
Jul 2012	0	1,311	85.13	3.02	$3,960
Jun 2012	0	1,776	79.82	2.52	$4,474
May 2012	0	1,042	91.61	2.49	$2,593
Apr 2012	0	1,922	101.65	2.00	$3,838
Mar 2012	0	1,984	105.05	2.22	$4,409
Feb 2012	0	1,925	101.10	2.57	$4,948
Jan 2012	0	2,240	98.09	2.73	$6,124
Dec 2011	0	2,194	96.87	3.24	$7,108
Nov 2011	0	2,325	95.72	3.31	$7,699
Oct 2011	0	2,453	84.98	3.65	$8,950
Sep 2011	0	2,336	83.62	3.99	$9,311
Aug 2011	0	2,217	83.40	4.15	$9,199
Jul 2011	0	2,320	94.14	4.52	$10,480
Jun 2011	0	2,354	92.90	4.64	$10,922
May 2011	0	2,801	98.13	4.40	$12,338
Apr 2011	0	2,203	105.96	4.33	$9,546
Mar 2011	0	2,634	96.36	4.06	$10,687
Feb 2011	0	1,921	85.64	4.18	$8,030
Jan 2011	0	2,686	86.50	4.59	$12,325
Dec 2010	0	2,788	85.73	4.35	$12,122
Nov 2010	0	2,177	80.84	3.80	$8,262
Oct 2010	0	2,243	78.10	3.51	$7,870
Sep 2010	0	1,905	72.63	3.98	$7,581
Aug 2010	0	2,116	73.68	4.42	$9,351
Jul 2010	0	2,233	72.55	4.74	$10,577
Jun 2010	0	2,152	70.36	4.91	$10,567
May 2010	0	2,230	71.12	4.24	$9,445
Apr 2010	0	2,418	81.69	4.12	$9,969
Mar 2010	0	2,714	78.39	4.39	$11,911
Feb 2010	0	2,338	73.58	5.44	$12,724
Jan 2010	0	2,501	74.36	5.96	$14,916
Dec 2009	0	2,659	71.44	5.48	$14,581
Nov 2009	0	2,841	74.59	3.75	$10,658
Oct 2009	0	2,949	72.54	4.11	$12,121
Sep 2009	0	2,961	65.54	3.06	$9,075
Aug 2009	0	2,650	67.42	3.22	$8,529
Jul 2009	0	2,836	61.13	3.46	$9,825
Jun 2009	0	2,646	66.16	3.90	$10,306
May 2009	0	2,741	54.74	3.93	$10,760
Apr 2009	0	2,967	46.77	3.59	$10,644
Mar 2009	0	2,881	42.14	4.06	$11,694
Feb 2009	0	2,572	32.81	4.63	$11,916
Jan 2009	0	2,317	35.86	5.37	$12,445
Dec 2008	0	2,318	37.10	5.98	$13,855
Nov 2008	0	2,183	55.49	6.86	$14,976
Oct 2008	0	2,524	75.24	6.92	$17,471
Sep 2008	0	2,625	101.76	7.88	$20,677
Aug 2008	0	2,967	114.22	8.48	$25,169
Jul 2008	0	3,255	131.08	11.39	$37,073
Jun 2008	0	3,298	131.33	13.03	$42,982
May 2008	120	3,484	123.17	11.57	$55,105
Apr 2008	0	2,976	110.31	10.45	$31,114
Mar 2008	0	3,184	101.90	9.66	$30,770
Feb 2008	0	3,189	92.53	8.77	$27,969
Jan 2008	0	3,651	90.38	8.21	$29,959
Dec 2007	0	4,046	88.33	7.30	$29,544
Nov 2007	0	4,208	91.67	7.29	$30,683
Oct 2007	0	4,453	82.85	6.92	$30,824
Sep 2007	0	3,660	75.84	6.24	$22,854
Aug 2007	0	4,701	69.06	6.39	$30,030
Jul 2007	0	4,361	70.90	6.39	$27,858
Jun 2007	0	2,804	62.00	7.55	$21,166
May 2007	0	2,705	58.74	7.85	$21,224
Apr 2007	0	3,284	59.61	7.81	$25,632
Mar 2007	0	3,367	56.92	7.30	$24,586
Feb 2007	0	2,304	55.10	8.22	$18,930
Jan 2007	0	4,567	50.30	6.73	$30,722
Dec 2006	0	3,416	56.65	6.92	$23,633
Nov 2006	0	3,661	54.20	7.62	$27,888
Oct 2006	0	4,255	54.90	6.01	$25,589
Sep 2006	0	4,207	60.08	5.04	$21,192
Aug 2006	0	5,597	68.71	7.34	$41,082
Jul 2006	0	3,185	69.37	6.34	$20,202
Jun 2006	0	3,914	66.28	6.38	$24,987
May 2006	0	4,999	66.01	6.42	$32,119
Apr 2006	0	4,794	64.39	7.36	$35,286
Mar 2006	81	4,467	56.70	7.08	$36,232
Feb 2006	0	4,186	57.59	7.75	$32,446
Jan 2006	0	5,128	60.59	8.93	$45,810
Dec 2005	0	6,695	54.94	13.42	$89,816
Nov 2005	0	7,208	54.69	10.59	$76,321
Oct 2005	0	7,162	58.34	13.80	$98,805
Sep 2005	0	6,627	61.45	12.08	$80,048
Aug 2005	0	8,555	61.51	9.80	$83,812
Jul 2005	90	10,500	55.69	7.84	$87,370
Jun 2005	0	9,611	52.33	7.38	$70,939
May 2005	0	10,519	45.22	6.65	$69,964
Apr 2005	0	10,082	49.20	7.36	$74,208
Mar 2005	0	11,877	50.37	7.15	$84,979
Feb 2005	0	12,560	45.22	6.31	$79,278
Jan 2005	0	15,777	43.16	6.32	$99,745
Dec 2004	0	15,751	39.86	6.75	$106,336
Nov 2004	0	25,891	45.28	6.33	$163,901
Oct 2004	0	17,152	49.70	6.52	$111,747

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.

Jul 2015 — as filed, then multipliedworked

Condensate             1 bbl  × $ 48.15 =        $48
Gas                  386 Mcf  × $  2.95 =     $1,137

────────────────────────────────────────────────────
Month total                                   $1,185

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/205781 is the state's own key, not one this site invented.