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 216506District 06Field 862333002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.5 M
Sep 2005 – May 2026
Value, last 12 filed months
$49 k
at the published price for each month
Months reported
249
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 Gas112006-07-31166673
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
CondensateDisposition6,793 bbl$529,194
GasProduction833,391 Mcf$4,953,264
Total$5,482,458

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 31.7775, -94.3905. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.77754, -94.39052 · 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
10,560 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 10,560 ft.

Completions filed
Sep 2005
1 of 1 wells

1 well

42-41931005510,560 ftSep 2005

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 (249)

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

249 months

May 202601,175106.413.05$3,579
Apr 202601,03098.932.87$2,956
Mar 202601,06889.753.15$3,364
Feb 2026087663.503.75$3,285
Jan 202601,33159.138.00$10,645
Dec 202501,21756.664.41$5,371
Nov 202511,22258.593.93$4,857
Oct 2025499159.383.30$3,513
Sep 202551,03962.743.08$3,511
Aug 202551,21963.933.01$3,995
Jul 2025299666.743.32$3,435
Jun 202547266.483.13$491
May 202541,09060.553.23$3,765
Apr 202541,16162.363.54$4,363
Mar 202541,57867.704.27$7,006
Feb 202541,31370.884.34$5,983
Jan 202541,41974.324.28$6,369
Dec 202441,34368.993.12$4,468
Nov 202441,41269.052.20$3,380
Oct 202491,53471.372.28$4,142
Sep 202431,56769.612.36$3,914
Aug 202491,60275.632.06$3,987
Jul 202461,55279.932.15$3,811
Jun 202451,26178.082.63$3,712
May 202421,26278.812.20$2,932
Apr 2024358784.451.66$1,227
Mar 2024390280.301.55$1,635
Feb 202441,41776.091.78$2,832
Jan 202421,47073.023.30$4,994
Dec 202331,48271.262.61$4,083
Nov 202321,27277.892.81$3,727
Oct 202331,33885.443.09$4,387
Sep 202321,31989.042.74$3,786
Aug 202331,23080.522.67$3,529
Jul 202361,32074.852.64$3,936
Jun 202351,16668.962.26$2,978
May 202361,24770.622.23$3,201
Apr 202331,25278.122.24$3,036
Mar 202361,41872.852.39$3,831
Feb 202361,21675.112.47$3,449
Jan 202381,35176.533.39$5,189
Dec 202251,09376.415.73$6,644
Nov 2022589185.005.65$5,456
Oct 2022592387.185.86$5,848
Sep 2022596884.888.16$8,327
Aug 202251,10694.529.13$10,567
Jul 202221,051101.587.54$8,130
Jun 20222944115.097.98$7,761
May 20225995109.378.43$8,938
Apr 2022338104.226.84$572
Mar 202281,197108.885.08$6,947
Feb 2022595391.054.86$5,086
Jan 202251,08181.844.54$5,314
Dec 2021111,24871.323.90$5,651
Nov 202151,12477.435.24$6,273
Oct 202151,02879.795.71$6,273
Sep 202191,57069.865.35$9,030
Aug 202151,71066.024.22$7,547
Jul 202151,65970.783.98$6,960
Jun 202181,65969.493.38$6,164
May 202171,81163.483.02$5,909
Apr 202182,30260.362.76$6,833
Mar 202171,84261.302.72$5,434
Feb 202151,43057.805.55$8,223
Jan 202141,67650.412.81$4,912
Dec 202071,84744.642.68$5,254
Nov 202061,71138.772.71$4,864
Oct 202061,75336.972.48$4,567
Sep 202041,75037.091.99$3,633
Aug 202071,75639.982.39$4,468
Jul 202061,80738.371.83$3,528
Jun 202051,80934.901.69$3,232
May 202031,71516.921.81$3,163
Apr 202031,59314.751.80$2,919
Mar 202051,34930.341.86$2,656
Feb 202011,67849.881.98$3,373
Jan 202051,90557.252.09$4,277
Dec 201917159.012.30$223
Nov 201921,55155.302.75$4,377
Oct 201921,97253.472.42$4,876
Sep 201921,75455.052.66$4,771
Aug 201932,07053.112.30$4,929
Jul 201942,02956.272.46$5,217
Jun 201951,79752.782.49$4,741
May 201941,91958.482.74$5,493
Apr 201962,02462.632.75$5,943
Mar 201971,99756.803.06$6,513
Feb 2019241,65650.852.79$5,844
Jan 2019322,09146.033.23$8,223
Dec 2018202,57646.594.19$11,713
Nov 2018112,13252.934.24$9,616
Oct 2018112,25961.443.40$8,352
Sep 2018112,45859.543.11$8,294
Aug 2018102,65359.403.07$8,730
Jul 201801,48765.142.93$4,360
Jun 201801,52660.183.08$4,695
May 201801,54065.382.90$4,467
Apr 201801,63663.842.90$4,746
Mar 201801,63661.222.79$4,559
Feb 201801,50161.782.77$4,152
Jan 201801,74162.874.01$6,980
Dec 201701,81657.272.92$5,305
Nov 201701,74255.423.12$5,432
Oct 201701,93649.292.98$5,776
Sep 201701,86847.523.09$5,767
Aug 201702,00745.373.00$6,030
Jul 201702,12243.873.09$6,551
Jun 201702,11842.493.09$6,539
May 201702,22745.373.26$7,268
Apr 201702,25447.933.21$7,239
Mar 201702,46846.772.98$7,364
Feb 201702,52950.452.95$7,467
Jan 201702,63349.413.42$9,002
Dec 201601,45448.763.72$5,413
Nov 201601,27542.492.64$3,372
Oct 201602,00146.193.09$6,184
Sep 201601,44241.553.10$4,471
Aug 201601,71241.442.92$5,006
Jul 201602,37441.622.92$6,942
Jun 201601,39345.352.69$3,741
May 201621,60642.521.99$3,283
Apr 2016161,44036.561.99$3,452
Mar 2016121,31833.011.79$2,761
Feb 2016121,27126.472.06$2,941
Jan 2016161,34927.352.36$3,627
Dec 2015191,44932.362.00$3,515
Nov 2015221,27238.792.17$3,610
Oct 2015131,50243.552.43$4,211
Sep 2015181,45242.992.76$4,779
Aug 201591,52640.162.87$4,745
Jul 201591,56548.152.95$5,042
Jun 201531,71056.152.88$5,098
May 201501,33055.212.96$3,931
Apr 201501,58049.822.71$4,276
Mar 201501,63942.892.93$4,810
Feb 201501,54244.662.98$4,589
Jan 201501,77843.433.10$5,513
Dec 201401,87454.693.59$6,730
Nov 201401,86470.464.25$7,925
Oct 2014432,10578.303.90$11,578
Sep 2014461,43986.164.05$9,785
Aug 2014412,27089.394.04$12,825
Jul 2014402,26396.564.18$13,321
Jun 2014522,33398.164.74$16,155
May 2014351,85594.734.73$12,083
Apr 2014462,28795.944.81$15,412
Mar 2014522,39095.895.06$17,072
Feb 2014182,08197.406.19$14,639
Jan 2014352,53190.404.86$15,466
Dec 2013262,40591.824.35$12,860
Nov 2013342,36988.853.74$11,877
Oct 2013352,66597.423.78$13,482
Sep 2013352,548104.113.72$13,117
Aug 2013312,742104.253.52$12,891
Jul 2013542,735102.523.72$15,704
Jun 2013252,52994.403.93$12,308
May 2013192,83294.834.15$13,552
Apr 2013182,81993.964.28$13,764
Mar 2013152,76193.623.91$12,208
Feb 201322,41291.233.42$8,431
Jan 201372,74191.603.42$10,015
Dec 201243,12786.773.42$11,042
Nov 201252,86086.953.62$10,802
Oct 201251,51989.383.40$5,611
Sep 201242,14394.672.92$6,633
Aug 2012143,03592.662.91$10,124
Jul 2012282,95985.133.02$11,322
Jun 2012212,80679.822.52$8,745
May 2012242,98291.612.49$9,619
Apr 2012343,257101.652.00$9,960
Mar 2012132,491105.052.22$6,901
Feb 2012482,535101.102.57$11,368
Jan 2012203,05598.092.73$10,314
Dec 2011403,30196.873.24$14,569
Nov 2011343,01495.723.31$13,235
Oct 2011243,20184.983.65$13,719
Sep 2011323,19783.623.99$15,418
Aug 2011302,95483.404.15$14,759
Jul 2011212,96194.144.52$15,352
Jun 2011782,99292.904.64$21,129
May 20111583,03898.134.40$28,886
Apr 20111753,024105.964.33$31,647
Mar 20112163,71796.364.06$35,895
Feb 20111702,87685.644.18$26,580
Jan 20111713,42686.504.59$30,513
Dec 20103092,79885.734.35$38,656
Nov 20102103,66580.843.80$30,886
Oct 2010553,58278.103.51$16,864
Sep 2010323,60272.633.98$16,658
Aug 2010413,73073.684.42$19,505
Jul 2010424,21072.554.74$22,988
Jun 2010254,26970.364.91$22,722
May 2010554,13671.124.24$21,428
Apr 2010314,18981.694.12$19,802
Mar 2010314,11078.394.39$20,468
Feb 2010373,74673.585.44$23,110
Jan 2010264,07874.365.96$26,255
Dec 2009213,95571.445.48$23,188
Nov 2009324,12374.593.75$17,854
Oct 200984,75472.544.11$20,120
Sep 2009264,67365.543.06$16,026
Aug 2009194,29767.423.22$15,111
Jul 2009163,95961.133.46$14,694
Jun 2009304,56966.163.90$19,781
May 2009374,60654.743.93$20,107
Apr 2009354,58746.773.59$18,093
Mar 2009384,69142.144.06$20,642
Feb 2009434,64432.814.63$22,926
Jan 2009564,90935.865.37$28,374
Dec 2008515,04737.105.98$32,059
Nov 2008674,84855.496.86$36,977
Oct 2008365,02775.246.92$37,505
Sep 2008584,685101.767.88$42,806
Aug 2008807,280114.228.48$70,894
Jul 2008586,126131.0811.39$77,374
Jun 2008845,853131.3313.03$87,312
May 2008666,408123.1711.57$82,297
Apr 2008516,864110.3110.45$77,388
Mar 2008417,566101.909.66$77,296
Feb 2008517,40392.538.77$69,648
Jan 2008547,99590.388.21$70,485
Dec 2007558,66188.337.30$68,101
Nov 2007677,66491.677.29$62,025
Oct 20071987,86282.856.92$70,825
Sep 200707,39575.846.24$46,176
Aug 200707,78869.066.39$49,749
Jul 20071817,57370.906.39$61,209
Jun 200707,88162.007.55$59,489
May 200708,86558.747.85$69,557
Apr 20071878,07359.617.81$74,158
Mar 200708,95956.927.30$65,418
Feb 200708,84755.108.22$72,687
Jan 20071809,32450.306.73$71,775
Dec 2006012,00756.656.92$83,070
Nov 20061705,16054.207.62$48,520
Oct 2006010,98554.906.01$66,062
Sep 2006010,83760.085.04$54,588
Aug 200617811,95768.717.34$99,994
Jul 2006012,28969.376.34$77,946
Jun 200617612,95466.286.38$94,362
May 2006014,37166.016.42$92,334
Apr 200617814,96264.397.36$121,589
Mar 200609,70056.707.08$68,704
Feb 200617913,90157.597.75$118,057
Jan 200618116,98660.598.93$162,708
Dec 2005020,88754.9413.42$280,207
Nov 200518727,52354.6910.59$301,652
Oct 2005019,76458.3413.80$272,659
Sep 200509,84761.4512.08$118,942

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                1,175 Mcf  × $  3.05 =     $3,579

────────────────────────────────────────────────────
Month total                                   $3,579

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/216506 is the state's own key, not one this site invented.