CAIN, FARON GAS UNIT

Operated by SABINE OIL & GAS CORPORATION (P-5 742143) 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 214707District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.8 M
Jul 2005 – Feb 2020
Value, last 12 filed months
$0
at the published price for each month
Months reported
176
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 Gas112006-05-22165608
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
CondensateDisposition3,114 bbl$210,342
GasProduction666,912 Mcf$4,559,497
Total$4,769,839

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 32.4395, -94.5363. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.43950, -94.53628 · 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
10,620 ft
1 wells filed one
Completion to plug
14.6 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 10,620 ft.

Completions filed
Jul 2005
1 of 1 wells
Plug dates filed
Feb 2020
1 of 1 wells

Last completion to plug: a median of 14.6 years across the 1 well that filed both dates, with the middle half between 14.6 years and 14.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-20333182610,620 ftJul 2005Feb 2020Yes

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 (176)

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

176 months

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 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20171145.373.00$48
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 201619942.492.64$304
Oct 201621,34746.193.09$4,255
Sep 2016180241.553.10$2,528
Aug 201601,39441.442.92$4,077
Jul 201611,99841.622.92$5,884
Jun 201603,57745.352.69$9,607
May 201611,37342.521.99$2,776
Apr 201601,39436.561.99$2,776
Mar 2016180133.011.79$1,470
Feb 201621,18126.472.06$2,490
Jan 201602,96827.352.36$7,017
Dec 201523,06432.362.00$6,197
Nov 201512,12638.792.17$4,647
Oct 201522,06843.552.43$5,105
Sep 201522,21242.992.76$6,188
Aug 201511,65340.162.87$4,788
Jul 201522,58348.152.95$7,703
Jun 201512,31056.152.88$6,716
May 201523,76655.212.96$11,241
Apr 20151862,14749.822.71$15,078
Mar 201532,55442.892.93$7,624
Feb 201522,04344.662.98$6,170
Jan 201542,51343.433.10$7,966
Dec 201432,50854.693.59$9,171
Nov 201432,00270.464.25$8,724
Oct 201462,52578.303.90$10,320
Sep 201432,21786.164.05$9,227
Aug 201452,29189.394.04$9,691
Jul 201442,36496.564.18$10,267
Jun 201432,75798.164.74$13,354
May 201441,96794.734.73$9,676
Apr 201421,95495.944.81$9,589
Mar 201412,30795.895.06$11,762
Feb 201421,82797.406.19$11,508
Jan 201401,31590.404.86$6,392
Dec 20131742,11291.824.35$25,173
Nov 201313,00788.853.74$11,330
Oct 201302,33997.423.78$8,840
Sep 201312,089104.113.72$7,870
Aug 201312,176104.253.52$7,769
Jul 20132853102.523.72$3,376
Jun 201301,09794.403.93$4,315
May 201302,37094.834.15$9,833
Apr 201301,65493.964.28$7,083
Mar 201323,16493.623.91$12,568
Feb 201312,99191.233.42$10,320
Jan 201342,89891.603.42$10,277
Dec 201203,42386.773.42$11,707
Nov 201243,43986.953.62$12,814
Oct 201253,60989.383.40$12,716
Sep 201213,54894.672.92$10,449
Aug 201233,65192.662.91$10,896
Jul 201213,37885.133.02$10,289
Jun 201233,02279.822.52$7,852
May 201222,63191.612.49$6,730
Apr 201203,068101.652.00$6,126
Mar 201223,392105.052.22$7,747
Feb 20121983,056101.102.57$27,872
Jan 201203,53098.092.73$9,651
Dec 201103,51796.873.24$11,394
Nov 201103,48895.723.31$11,550
Oct 201103,67184.983.65$13,394
Sep 201103,68583.623.99$14,688
Aug 201105,10283.404.15$21,170
Jul 201104,99394.144.52$22,555
Jun 201104,57892.904.64$21,241
May 201103,48598.134.40$15,351
Apr 201103,313105.964.33$14,356
Mar 201103,60396.364.06$14,619
Feb 201103,58385.644.18$14,977
Jan 201104,03386.504.59$18,507
Dec 201004,04685.734.35$17,591
Nov 201004,11380.843.80$15,610
Oct 201003,36078.103.51$11,790
Sep 201002,97672.633.98$11,843
Aug 20101923,22073.684.42$28,377
Jul 201003,30172.554.74$15,635
Jun 201003,03270.364.91$14,888
May 201003,08071.124.24$13,044
Apr 201003,30781.694.12$13,634
Mar 201003,40778.394.39$14,952
Feb 201003,23073.585.44$17,579
Jan 201003,23574.365.96$19,294
Dec 200903,61871.445.48$19,840
Nov 200903,70974.593.75$13,914
Oct 200903,23572.544.11$13,297
Sep 20091933,18765.543.06$22,417
Aug 200903,82167.423.22$12,298
Jul 200903,94961.133.46$13,681
Jun 200903,40966.163.90$13,278
May 200903,86354.743.93$15,165
Apr 200902,68046.773.59$9,615
Mar 200903,11542.144.06$12,644
Feb 200902,98732.814.63$13,839
Jan 200903,24635.865.37$17,434
Dec 200803,22137.105.98$19,252
Nov 20081863,80255.496.86$36,404
Oct 200803,86675.246.92$26,760
Sep 200803,413101.767.88$26,885
Aug 200804,070114.228.48$34,526
Jul 200804,127131.0811.39$47,004
Jun 200804,041131.3313.03$52,665
May 200804,423123.1711.57$51,193
Apr 200804,607110.3110.45$48,166
Mar 20081824,870101.909.66$65,610
Feb 200804,99292.538.77$43,783
Jan 200804,74690.388.21$38,944
Dec 200704,93388.337.30$36,021
Nov 200705,26791.677.29$38,405
Oct 200705,56382.856.92$38,507
Sep 200705,92075.846.24$36,965
Aug 200706,42769.066.39$41,055
Jul 200706,23470.906.39$39,822
Jun 200706,47862.007.55$48,899
May 200707,75758.747.85$60,864
Apr 20071796,00059.617.81$57,501
Mar 200706,57256.927.30$47,989
Feb 200707,90855.108.22$64,972
Jan 200709,04750.306.73$60,858
Dec 2006208,59256.656.92$60,576
Nov 20062119,19154.207.62$81,448
Oct 2006257,49854.906.01$46,464
Sep 200608,81160.085.04$44,383
Aug 20063710,32568.717.34$78,327
Jul 2006010,74069.376.34$68,121
Jun 200622610,73766.286.38$83,523
May 20064512,63266.016.42$84,131
Apr 200621611,61064.397.36$99,363
Mar 20065213,12656.707.08$95,919
Feb 20062912,25157.597.75$96,629
Jan 2006015,79260.598.93$141,075
Dec 20053316,50754.9413.42$223,261
Nov 200521520,23654.6910.59$226,025
Oct 200522925,60858.3413.80$366,642
Sep 200518532,89461.4512.08$408,695
Aug 2005038,26361.519.80$374,856
Jul 200507,13355.697.84$55,949

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.

Aug 2017 — as filed, then multipliedworked
Condensate             1 bbl  × $ 45.37 =        $45
Gas                    1 Mcf  × $  3.00 =         $3

────────────────────────────────────────────────────
Month total                                      $48

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/214707 is the state's own key, not one this site invented.