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 216516District 06Field 862333002 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.4 M
Oct 2005 – May 2026
Value, last 12 filed months
$180 k
at the published price for each month
Months reported
248
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 Gas112006-08-21166676
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
CondensateDisposition15,067 bbl$1,092,474
GasProduction2,161,792 Mcf$11,316,821
Total$12,409,295

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 31.7668, -94.3894. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.76684, -94.38937 · 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
10,600 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 10,600 ft.

Completions filed
Oct 2005
1 of 1 wells

1 well

42-41931013610,600 ftOct 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 (248)

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

248 months

May 202604,254106.413.05$12,957
Apr 202604,11298.932.87$11,800
Mar 202604,71489.753.15$14,846
Feb 202604,17163.503.75$15,643
Jan 202604,36659.138.00$34,919
Dec 202504,37456.664.41$19,304
Nov 202514,21858.593.93$16,620
Oct 202584,08459.383.30$13,972
Sep 202593,97562.743.08$12,795
Aug 202594,14763.933.01$13,078
Jul 202543,91266.743.32$13,236
Jun 2025825366.483.13$1,323
May 202573,90060.553.23$13,030
Apr 202584,00762.363.54$14,696
Mar 202584,06067.704.27$17,871
Feb 202573,67170.884.34$16,431
Jan 202574,05074.324.28$17,849
Dec 202483,76568.993.12$12,304
Nov 202484,02869.052.20$9,408
Oct 2024164,16571.372.28$10,644
Sep 202464,29169.612.36$10,563
Aug 2024174,39475.632.06$10,353
Jul 2024114,25479.932.15$10,011
Jun 2024124,04178.082.63$11,581
May 202464,43678.812.20$10,225
Apr 2024124,32184.451.66$8,183
Mar 202494,30280.301.55$7,370
Feb 202494,16876.091.78$8,119
Jan 202464,15673.023.30$14,143
Dec 202374,33971.262.61$11,827
Nov 202354,23977.892.81$12,291
Oct 202384,37185.443.09$14,178
Sep 202364,30089.042.74$12,295
Aug 202384,13080.522.67$11,683
Jul 2023154,53074.852.64$13,090
Jun 2023134,11568.962.26$10,190
May 2023134,31970.622.23$10,538
Apr 202374,20578.122.24$9,957
Mar 2023144,36572.852.39$11,466
Feb 2023144,08275.112.47$11,116
Jan 2023194,63276.533.39$17,146
Dec 2022134,45576.415.73$26,516
Nov 2022124,11585.005.65$24,254
Oct 2022124,33887.185.86$26,483
Sep 2022124,31784.888.16$36,261
Aug 2022124,60094.529.13$43,119
Jul 202264,522101.587.54$34,715
Jun 202254,376115.097.98$35,484
May 2022114,487109.378.43$39,042
Apr 20226141104.226.84$1,589
Mar 2022214,280108.885.08$24,013
Feb 2022143,96291.054.86$20,525
Jan 2022134,32781.844.54$20,698
Dec 2021264,67971.323.90$20,098
Nov 2021134,26377.435.24$23,331
Oct 2021134,69179.795.71$27,841
Sep 2021244,60069.865.35$26,291
Aug 2021134,81566.024.22$21,180
Jul 2021124,98670.783.98$20,704
Jun 2021204,62869.493.38$17,035
May 2021174,95763.483.02$16,038
Apr 2021184,84760.362.76$14,457
Mar 2021115,06561.302.72$14,436
Feb 202184,00257.805.55$22,665
Jan 202174,61050.412.81$13,308
Dec 2020115,01044.642.68$13,895
Nov 2020104,71038.772.71$13,136
Oct 2020105,04136.972.48$12,863
Sep 202074,98337.091.99$10,181
Aug 2020115,10139.982.39$12,606
Jul 2020104,90838.371.83$9,341
Jun 202095,11434.901.69$8,958
May 202045,19916.921.81$9,503
Apr 202055,07614.751.80$9,233
Mar 202084,80230.341.86$9,156
Feb 202034,51449.881.98$9,090
Jan 202095,12157.252.09$11,242
Dec 2019217059.012.30$510
Nov 201934,66455.302.75$12,995
Oct 201945,32853.472.42$13,100
Sep 201944,95455.052.66$13,384
Aug 201965,52353.112.30$13,046
Jul 201975,58556.272.46$14,133
Jun 2019105,30152.782.49$13,734
May 201985,40058.482.74$15,266
Apr 2019115,32562.632.75$15,336
Mar 2019125,40356.803.06$17,226
Feb 2019624,94750.852.79$16,966
Jan 2019815,51446.033.23$21,529
Dec 2018505,59846.594.19$25,760
Nov 2018285,51552.934.24$24,850
Oct 2018285,63461.443.40$20,865
Sep 2018295,47559.543.11$18,743
Aug 2018615,97059.403.07$21,931
Jul 2018485,59865.142.93$19,539
Jun 20181305,48560.183.08$24,700
May 20181805,69465.382.90$28,286
Apr 20181335,64763.842.90$24,872
Mar 20181025,90761.222.79$22,706
Feb 20181315,09761.782.77$22,192
Jan 20181695,48562.874.01$32,616
Dec 2017805,75657.272.92$21,398
Nov 2017165,97955.423.12$19,531
Oct 201706,12749.292.98$18,281
Sep 201735,82647.523.09$18,129
Aug 201736,18645.373.00$18,721
Jul 201766,27343.873.09$19,630
Jun 2017186,30442.493.09$20,227
May 201776,44945.373.26$21,363
Apr 2017136,27347.933.21$20,769
Mar 2017116,38246.772.98$19,556
Feb 2017145,77350.452.95$17,752
Jan 2017156,58449.413.42$23,251
Dec 2016146,13948.763.72$23,537
Nov 2016105,16442.492.64$14,080
Oct 2016166,39646.193.09$20,504
Sep 2016165,99041.553.10$19,238
Aug 2016116,96541.442.92$20,824
Jul 2016187,01441.622.92$21,260
Jun 2016177,14645.352.69$19,964
May 2016177,37742.521.99$15,411
Apr 2016257,05436.561.99$14,959
Mar 2016177,16933.011.79$13,422
Feb 2016176,79026.472.06$14,462
Jan 2016237,46927.352.36$18,288
Dec 2015287,02632.362.00$14,968
Nov 2015326,79938.792.17$15,977
Oct 2015186,66543.552.43$16,957
Sep 2015266,23542.992.76$18,316
Aug 2015136,47840.162.87$19,130
Jul 2015166,63348.152.95$20,305
Jun 2015227,14056.152.88$21,819
May 2015325,15455.212.96$16,999
Apr 2015246,28749.822.71$18,212
Mar 2015436,60742.892.93$21,234
Feb 2015365,99444.662.98$19,447
Jan 2015447,08243.433.10$23,870
Dec 2014515,50054.693.59$22,542
Nov 2014245,96370.464.25$27,045
Oct 2014346,85578.303.90$29,403
Sep 2014315,35886.164.05$24,346
Aug 2014286,50489.394.04$28,747
Jul 2014276,85196.564.18$31,242
Jun 2014366,70198.164.74$35,276
May 2014246,32394.734.73$32,160
Apr 2014316,88395.944.81$36,075
Mar 2014367,03295.895.06$39,011
Feb 2014125,88397.406.19$37,596
Jan 2014247,38990.404.86$38,085
Dec 2013187,32891.824.35$33,562
Nov 2013237,06288.853.74$28,443
Oct 2013237,52197.423.78$30,665
Sep 2013236,483104.113.72$26,497
Aug 2013297,456104.253.52$29,288
Jul 2013567,879102.523.72$35,033
Jun 2013346,44794.403.93$28,568
May 2013457,80194.834.15$36,634
Apr 2013657,47393.964.28$38,111
Mar 20131617,89693.623.91$45,969
Feb 2013607,25091.233.42$30,268
Jan 20131668,13391.603.42$43,020
Dec 20121208,23586.773.42$38,577
Nov 20121617,98086.953.62$42,926
Oct 20121488,16089.383.40$40,970
Sep 20121608,00794.672.92$38,515
Aug 20122478,37792.662.91$47,249
Jul 20121238,45785.133.02$36,018
Jun 2012678,06179.822.52$25,654
May 2012768,48691.612.49$28,078
Apr 2012898,774101.652.00$26,567
Mar 2012288,652105.052.22$22,167
Feb 2012998,353101.102.57$31,478
Jan 2012419,27098.092.73$29,367
Dec 2011829,69496.873.24$39,349
Nov 2011708,88895.723.31$36,131
Oct 2011539,76484.983.65$40,128
Sep 2011769,58383.623.99$44,551
Aug 2011728,61983.404.15$41,768
Jul 2011528,88094.144.52$45,008
Jun 2011499,02092.904.64$46,404
May 2011149,37298.134.40$42,656
Apr 2011139,160105.964.33$41,070
Mar 20111510,36596.364.06$43,500
Feb 2011129,27085.644.18$39,776
Jan 20111210,83386.504.59$50,748
Dec 2010228,58985.734.35$39,229
Nov 20103711,16080.843.80$45,347
Oct 20106311,23878.103.51$44,353
Sep 20107610,98172.633.98$49,218
Aug 20109711,45373.684.42$57,762
Jul 20109611,33372.554.74$60,643
Jun 20105711,15370.364.91$58,776
May 201014411,41371.124.24$58,578
Apr 20108911,14981.694.12$53,234
Mar 20109011,73778.394.39$58,565
Feb 201012811,13573.585.44$70,019
Jan 201012312,21774.365.96$82,010
Dec 200910112,57971.445.48$76,196
Nov 200915512,32674.593.75$57,802
Oct 20093913,21772.544.11$57,154
Sep 200913612,94465.543.06$48,584
Aug 20099913,53767.423.22$50,243
Jul 20098013,83961.133.46$52,836
Jun 200911813,55266.163.90$60,592
May 20097814,26454.743.93$60,267
Apr 20097213,55446.773.59$51,992
Mar 20098113,86742.144.06$59,699
Feb 20099412,57232.814.63$61,330
Jan 200912113,89035.865.37$78,942
Dec 200812114,43237.105.98$90,751
Nov 200814815,12155.496.86$111,948
Oct 20088215,89575.246.92$116,195
Sep 200814215,126101.767.88$133,599
Aug 200816815,942114.228.48$154,425
Jul 200810213,260131.0811.39$164,394
Jun 200818415,241131.3313.03$222,795
May 200815216,108123.1711.57$205,161
Apr 200814918,434110.3110.45$209,161
Mar 200813819,474101.909.66$202,260
Feb 200817219,00392.538.77$182,582
Jan 200818120,64290.388.21$185,741
Dec 200718520,77888.337.30$168,061
Nov 200722519,20191.677.29$160,634
Oct 200733822,00982.856.92$180,349
Sep 200717519,83275.846.24$137,106
Aug 2007021,65669.066.39$138,337
Jul 200717420,88070.906.39$145,717
Jun 200717521,28262.007.55$171,496
May 200717621,46058.747.85$178,719
Apr 200717721,00559.617.81$174,499
Mar 200717121,06256.927.30$163,527
Feb 200716920,20155.108.22$175,283
Jan 200735622,39250.306.73$168,534
Dec 200617922,99556.656.92$169,230
Nov 200618216,01354.207.62$131,843
Oct 200618223,53954.906.01$151,551
Sep 200635421,86860.085.04$131,422
Aug 2006023,02868.717.34$169,024
Jul 200617922,24169.376.34$153,487
Jun 200636222,44466.286.38$167,273
May 200617823,71466.016.42$164,112
Apr 200617322,87064.397.36$179,474
Mar 200617222,51856.707.08$169,246
Feb 200633623,73757.597.75$203,339
Jan 200618027,08260.598.93$252,838
Dec 200563328,87054.9413.42$422,080
Nov 2005032,99254.6910.59$349,332
Oct 2005013,75358.3413.80$189,733

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                4,254 Mcf  × $  3.05 =    $12,957

────────────────────────────────────────────────────
Month total                                  $12,957

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/216516 is the state's own key, not one this site invented.