OVERTON GAS UNIT NO. 3

Name: OVERTON GAS UNIT NO. 3 lease production and value, Jul 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SND OPERATING, L.L.C. (P-5 797127) 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 215395District 06Field 678491502 tax incentive programmesCondensateGasSave Export

Value, all time

$3.0 M

Jul 2005 – Jul 2015

Value, last 12 filed months

$51 k

at the published price for each month

Months reported

121

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	2006-06-22	165997
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	2,003 bbl	$148,208
Gas	Production	394,347 Mcf	$2,815,223
Total			$2,963,431

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 32.2172, -95.0424. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.21718, -95.04244 · 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

11,620 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 11,620 ft.

Completions filed

Jul 2015

1 of 1 wells

1 well


42-42331891	8	11,620 ft	Jul 2015	—	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 (121)

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

121 months


Jul 2015	20	0	48.15	2.95	$963
Jun 2015	117	915	56.15	2.88	$9,207
May 2015	0	1,601	55.21	2.96	$4,732
Apr 2015	0	848	49.82	2.71	$2,295
Mar 2015	71	1,046	42.89	2.93	$6,115
Feb 2015	0	751	44.66	2.98	$2,235
Jan 2015	0	1,237	43.43	3.10	$3,835
Dec 2014	0	929	54.69	3.59	$3,336
Nov 2014	0	1,250	70.46	4.25	$5,315
Oct 2014	0	1,023	78.30	3.90	$3,991
Sep 2014	0	1,053	86.16	4.05	$4,260
Aug 2014	0	1,147	89.39	4.04	$4,628
Jul 2014	0	1,250	96.56	4.18	$5,225
Jun 2014	0	1,052	98.16	4.74	$4,983
May 2014	0	1,293	94.73	4.73	$6,111
Apr 2014	0	1,168	95.94	4.81	$5,617
Mar 2014	0	1,807	95.89	5.06	$9,138
Feb 2014	76	2,728	97.40	6.19	$24,294
Jan 2014	0	111	90.40	4.86	$540
Dec 2013	0	117	91.82	4.35	$509
Nov 2013	1	226	88.85	3.74	$934
Oct 2013	0	280	97.42	3.78	$1,058
Sep 2013	1	243	104.11	3.72	$1,008
Aug 2013	1	571	104.25	3.52	$2,116
Jul 2013	2	816	102.52	3.72	$3,239
Jun 2013	2	894	94.40	3.93	$3,705
May 2013	0	1,300	94.83	4.15	$5,394
Apr 2013	2	1,403	93.96	4.28	$6,196
Mar 2013	3	1,657	93.62	3.91	$6,764
Feb 2013	4	1,499	91.23	3.42	$5,491
Jan 2013	152	1,951	91.60	3.42	$20,595
Dec 2012	0	2,095	86.77	3.42	$7,165
Nov 2012	0	2,199	86.95	3.62	$7,971
Oct 2012	0	2,225	89.38	3.40	$7,564
Sep 2012	0	2,080	94.67	2.92	$6,070
Aug 2012	0	2,229	92.66	2.91	$6,482
Jul 2012	0	1,508	85.13	3.02	$4,555
Jun 2012	0	2,188	79.82	2.52	$5,512
May 2012	0	1,916	91.61	2.49	$4,768
Apr 2012	0	2,153	101.65	2.00	$4,299
Mar 2012	0	1,673	105.05	2.22	$3,718
Feb 2012	0	1,460	101.10	2.57	$3,753
Jan 2012	129	1,591	98.09	2.73	$17,004
Dec 2011	0	1,609	96.87	3.24	$5,213
Nov 2011	0	1,514	95.72	3.31	$5,013
Oct 2011	0	1,860	84.98	3.65	$6,786
Sep 2011	0	2,260	83.62	3.99	$9,008
Aug 2011	0	1,656	83.40	4.15	$6,871
Jul 2011	0	1,607	94.14	4.52	$7,259
Jun 2011	0	2,152	92.90	4.64	$9,985
May 2011	0	2,657	98.13	4.40	$11,704
Apr 2011	0	1,656	105.96	4.33	$7,176
Mar 2011	0	1,270	96.36	4.06	$5,153
Feb 2011	146	1,528	85.64	4.18	$18,890
Jan 2011	0	2,063	86.50	4.59	$9,467
Dec 2010	5	2,335	85.73	4.35	$10,581
Nov 2010	5	2,327	80.84	3.80	$9,236
Oct 2010	2	2,429	78.10	3.51	$8,679
Sep 2010	4	2,389	72.63	3.98	$9,797
Aug 2010	0	2,386	73.68	4.42	$10,545
Jul 2010	0	2,384	72.55	4.74	$11,292
Jun 2010	0	2,388	70.36	4.91	$11,726
May 2010	0	2,240	71.12	4.24	$9,487
Apr 2010	1	1,655	81.69	4.12	$6,905
Mar 2010	17	2,203	78.39	4.39	$11,001
Feb 2010	5	2,056	73.58	5.44	$11,557
Jan 2010	90	2,357	74.36	5.96	$20,750
Dec 2009	1	3,217	71.44	5.48	$17,713
Nov 2009	0	2,380	74.59	3.75	$8,929
Oct 2009	1	3,090	72.54	4.11	$12,773
Sep 2009	1	2,431	65.54	3.06	$7,516
Aug 2009	0	2,668	67.42	3.22	$8,587
Jul 2009	2	2,143	61.13	3.46	$7,547
Jun 2009	3	2,271	66.16	3.90	$9,044
May 2009	86	2,484	54.74	3.93	$14,459
Apr 2009	0	2,739	46.77	3.59	$9,826
Mar 2009	0	2,844	42.14	4.06	$11,544
Feb 2009	0	2,635	32.81	4.63	$12,208
Jan 2009	0	3,355	35.86	5.37	$18,020
Dec 2008	0	2,707	37.10	5.98	$16,180
Nov 2008	0	2,546	55.49	6.86	$17,466
Oct 2008	0	1,197	75.24	6.92	$8,286
Sep 2008	0	1,637	101.76	7.88	$12,895
Aug 2008	1	2,911	114.22	8.48	$24,808
Jul 2008	112	3,246	131.08	11.39	$51,651
Jun 2008	2	3,295	131.33	13.03	$43,205
May 2008	0	3,537	123.17	11.57	$40,938
Apr 2008	0	3,221	110.31	10.45	$33,675
Mar 2008	4	3,444	101.90	9.66	$33,691
Feb 2008	117	3,450	92.53	8.77	$41,085
Jan 2008	0	3,796	90.38	8.21	$31,149
Dec 2007	0	3,970	88.33	7.30	$28,989
Nov 2007	0	3,945	91.67	7.29	$28,766
Oct 2007	0	4,293	82.85	6.92	$29,716
Sep 2007	0	4,249	75.84	6.24	$26,531
Aug 2007	0	4,572	69.06	6.39	$29,206
Jul 2007	5	4,872	70.90	6.39	$31,477
Jun 2007	5	4,830	62.00	7.55	$36,769
May 2007	7	4,661	58.74	7.85	$36,983
Apr 2007	98	5,042	59.61	7.81	$45,196
Mar 2007	104	5,327	56.92	7.30	$44,817
Feb 2007	1	4,768	55.10	8.22	$39,229
Jan 2007	0	5,631	50.30	6.73	$37,879
Dec 2006	9	5,523	56.65	6.92	$38,720
Nov 2006	10	5,476	54.20	7.62	$42,255
Oct 2006	4	5,565	54.90	6.01	$33,686
Sep 2006	5	3,540	60.08	5.04	$18,132
Aug 2006	82	4,952	68.71	7.34	$41,982
Jul 2006	7	2,832	69.37	6.34	$18,448
Jun 2006	4	3,878	66.28	6.38	$25,022
May 2006	23	6,709	66.01	6.42	$44,624
Apr 2006	17	7,928	64.39	7.36	$59,449
Mar 2006	133	8,069	56.70	7.08	$64,693
Feb 2006	0	8,309	57.59	7.75	$64,404
Jan 2006	15	10,429	60.59	8.93	$94,074
Dec 2005	110	13,433	54.94	13.42	$186,252
Nov 2005	0	15,522	54.69	10.59	$164,353
Oct 2005	178	9,682	58.34	13.80	$143,955
Sep 2005	0	14,402	61.45	12.08	$173,962
Aug 2005	0	24,753	61.51	9.80	$242,501
Jul 2005	0	15,477	55.69	7.84	$121,396

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            20 bbl  × $ 48.15 =       $963
Gas                    0 Mcf  × $  2.95 =         $0

────────────────────────────────────────────────────
Month total                                     $963

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/215395 is the state's own key, not one this site invented.