LOFTIS GAS UNIT

Operated by PWEP OPERATING, LLC (P-5 104093) 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 213422District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.2 M
May 2005 – May 2026
Value, last 12 filed months
$18 k
at the published price for each month
Months reported
253
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 Gas112007-04-23174289
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
CondensateDisposition2,477 bbl$174,305
GasProduction850,361 Mcf$5,073,707
Total$5,248,011

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 32.4399, -94.5898. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.43992, -94.58982 · 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
10,900 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 10,900 ft.

Completions filed
Oct 2009
1 of 1 wells

1 well

42-20333086910,900 ftOct 2009

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 (253)

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

253 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 2026203089.753.15$18,219
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 20200434.901.69$7
May 202001,83616.921.81$3,332
Apr 202002,01414.751.80$3,634
Mar 202002,01530.341.86$3,740
Feb 202001,96349.881.98$3,888
Jan 202002,23557.252.09$4,682
Dec 201902,04959.012.30$4,722
Nov 201901,97655.302.75$5,435
Oct 201902,09853.472.42$5,074
Sep 2019942,03855.052.66$10,590
Aug 201902,04253.112.30$4,706
Jul 201902,11156.272.46$5,193
Jun 201902,13552.782.49$5,319
May 201902,12858.482.74$5,831
Apr 201901,92362.632.75$5,290
Mar 201902,49556.803.06$7,640
Feb 201901,98150.852.79$5,531
Jan 201902,33946.033.23$7,551
Dec 201802,56446.594.19$10,731
Nov 201802,34252.934.24$9,924
Oct 201802,39361.443.40$8,132
Sep 201802,27359.543.11$7,064
Aug 201802,40959.403.07$7,387
Jul 201802,50865.142.93$7,353
Jun 201802,56960.183.08$7,905
May 2018552,41765.382.90$10,607
Apr 201802,43963.842.90$7,075
Mar 201802,51361.222.79$7,003
Feb 201802,38761.782.77$6,603
Jan 201802,50062.874.01$10,023
Dec 201702,57357.272.92$7,517
Nov 201702,52555.423.12$7,874
Oct 2017592,66249.292.98$10,851
Sep 201702,61347.523.09$8,067
Aug 201702,67445.373.00$8,034
Jul 201702,42643.873.09$7,490
Jun 201702,00742.493.09$6,196
May 201702,43345.373.26$7,940
Apr 201702,39847.933.21$7,701
Mar 201702,41946.772.98$7,218
Feb 201702,37350.452.95$7,007
Jan 2017292,18949.413.42$8,917
Dec 201602,62948.763.72$9,787
Nov 201602,44542.492.64$6,465
Oct 201602,63046.193.09$8,127
Sep 201602,54441.553.10$7,888
Aug 201602,83441.442.92$8,288
Jul 201602,85341.622.92$8,343
Jun 201602,44445.352.69$6,564
May 201602,85642.521.99$5,686
Apr 201602,79536.561.99$5,565
Mar 2016522,84733.011.79$6,824
Feb 201602,73426.472.06$5,642
Jan 201602,86727.352.36$6,779
Dec 201502,86432.362.00$5,732
Nov 201501,89038.792.17$4,096
Oct 201502,71543.552.43$6,588
Sep 201502,98842.992.76$8,242
Aug 201502,88140.162.87$8,276
Jul 2015783,01848.152.95$12,644
Jun 201503,00856.152.88$8,672
May 201503,07355.212.96$9,082
Apr 201502,90449.822.71$7,860
Mar 201502,97242.892.93$8,722
Feb 201502,58544.662.98$7,693
Jan 201502,80843.433.10$8,707
Dec 2014572,96354.693.59$13,759
Nov 201402,82570.464.25$12,011
Oct 201402,86278.303.90$11,165
Sep 201402,75886.164.05$11,157
Aug 201402,85689.394.04$11,524
Jul 201402,95696.564.18$12,355
Jun 201402,85198.164.74$13,505
May 2014592,88194.734.73$19,206
Apr 201402,78495.944.81$13,389
Mar 201402,77395.895.06$14,023
Feb 201402,51397.406.19$15,561
Jan 2014812,91490.404.86$21,487
Dec 201322,91391.824.35$12,868
Nov 201302,78388.853.74$10,404
Oct 201302,87897.423.78$10,877
Sep 201302,757104.113.72$10,250
Aug 201302,886104.253.52$10,166
Jul 201302,871102.523.72$10,674
Jun 201332,89194.403.93$11,655
May 201312,98794.834.15$12,488
Apr 201302,80793.964.28$12,021
Mar 201302,82993.623.91$11,070
Feb 201322,74691.233.42$9,574
Jan 2013743,08691.603.42$17,332
Dec 201203,02986.773.42$10,360
Nov 201212,85986.953.62$10,451
Oct 201203,18689.383.40$10,831
Sep 2012783,17594.672.92$16,650
Aug 201203,36092.662.91$9,771
Jul 201203,13985.133.02$9,482
Jun 201203,03179.822.52$7,635
May 201203,18691.612.49$7,928
Apr 201203,132101.652.00$6,254
Mar 201223,246105.052.22$7,423
Feb 201202,907101.102.57$7,472
Jan 201223,19098.092.73$8,918
Dec 2011813,11596.873.24$17,938
Nov 201123,09095.723.31$10,423
Oct 201133,24584.983.65$12,094
Sep 201103,23183.623.99$12,878
Aug 201123,41383.404.15$14,328
Jul 201133,52094.144.52$16,183
Jun 201103,37192.904.64$15,641
May 2011733,44998.134.40$22,356
Apr 201133,458105.964.33$15,302
Mar 201163,58096.364.06$15,103
Feb 2011353,25685.644.18$16,607
Jan 201103,70786.504.59$17,011
Dec 201023,16185.734.35$13,915
Nov 201052,91980.843.80$11,483
Oct 201052,38078.103.51$8,742
Sep 201063,57172.633.98$14,646
Aug 201043,75873.684.42$16,903
Jul 201024,05272.554.74$19,337
Jun 201024,03670.364.91$19,959
May 201024,20571.124.24$17,951
Apr 201054,16381.694.12$17,571
Mar 201044,46178.394.39$19,891
Feb 201044,10373.585.44$22,624
Jan 201014,61574.365.96$27,599
Dec 200944,39571.445.48$24,387
Nov 200904,72874.593.75$17,737
Oct 200913,72872.544.11$15,396
Sep 200914,82765.543.06$14,859
Aug 200904,86167.423.22$15,645
Jul 2009644,90061.133.46$20,888
Jun 200905,42766.163.90$21,138
May 200905,60154.743.93$21,988
Apr 2009615,52646.773.59$22,677
Mar 200905,80742.144.06$23,571
Feb 200905,39332.814.63$24,986
Jan 200905,32335.865.37$28,590
Dec 2008624,92537.105.98$31,738
Nov 200804,93255.496.86$33,835
Oct 200805,40675.246.92$37,420
Sep 200804,782101.767.88$37,668
Aug 200805,360114.228.48$45,469
Jul 200805,447131.0811.39$62,038
Jun 2008615,410131.3313.03$78,518
May 200805,787123.1711.57$66,980
Apr 200806,194110.3110.45$64,757
Mar 200806,464101.909.66$62,469
Feb 2008466,11592.538.77$57,888
Jan 200806,85790.388.21$56,267
Dec 200707,02488.337.30$51,289
Nov 200706,91091.677.29$50,386
Oct 2007867,45282.856.92$58,708
Sep 200707,99275.846.24$49,903
Aug 200707,02969.066.39$44,901
Jul 2007797,95670.906.39$56,424
Jun 200708,14562.007.55$61,482
May 200708,87958.747.85$69,667
Apr 2007708,12059.617.81$67,551
Mar 200708,73556.927.30$63,783
Feb 200708,45855.108.22$69,491
Jan 20071069,29750.306.73$67,871
Dec 20062509,37956.656.92$79,051
Nov 200609,73054.207.62$74,118
Oct 2006010,62354.906.01$63,885
Sep 2006010,75060.085.04$54,150
Aug 2006011,35668.717.34$83,352
Jul 2006012,00469.376.34$76,138
Jun 2006011,95566.286.38$76,319
May 2006012,29766.016.42$79,008
Apr 200616912,39764.397.36$102,130
Mar 2006112,81756.707.08$90,838
Feb 2006012,86257.597.75$99,695
Jan 2006015,13960.598.93$135,242
Dec 2005015,84954.9413.42$212,621
Nov 20050054.6910.59$0
Oct 2005216,40258.3413.80$226,395
Sep 20051617,93961.4512.08$217,668
Aug 200516319,58561.519.80$201,897
Jul 20052324,00855.697.84$189,591
Jun 20052926,80552.337.38$199,366
May 2005112,43145.226.65$82,726

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.

Mar 2026 — as filed, then multipliedworked
Condensate           203 bbl  × $ 89.75 =    $18,219
Gas                    0 Mcf  × $  3.15 =         $0

────────────────────────────────────────────────────
Month total                                  $18,219

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/213422 is the state's own key, not one this site invented.