OVERTON GAS UNIT NO. 3

Name: OVERTON GAS UNIT NO. 3 lease production and value, Nov 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 219092District 06Field 678491502 tax incentive programmesCondensateGasSave Export

Value, all time

$2.9 M

Nov 2005 – Jun 2015

Value, last 12 filed months

$77 k

at the published price for each month

Months reported

116

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	2006-10-02	168909
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	1,082 bbl	$78,051
Gas	Production	464,416 Mcf	$2,864,376
Total			$2,942,427

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 32.2157, -95.0375. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.21573, -95.03745 · 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

11,750 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 11,750 ft.

Completions filed

Jun 2015

1 of 1 wells

1 well


42-42332001	9	11,750 ft	Jun 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 (116)

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

116 months


Jun 2015	0	1,629	56.15	2.88	$4,696
May 2015	0	1,665	55.21	2.96	$4,921
Apr 2015	0	1,755	49.82	2.71	$4,750
Mar 2015	0	1,790	42.89	2.93	$5,253
Feb 2015	0	1,909	44.66	2.98	$5,682
Jan 2015	0	1,937	43.43	3.10	$6,006
Dec 2014	0	1,831	54.69	3.59	$6,576
Nov 2014	0	1,832	70.46	4.25	$7,789
Oct 2014	0	1,927	78.30	3.90	$7,517
Sep 2014	0	1,832	86.16	4.05	$7,411
Aug 2014	0	1,952	89.39	4.04	$7,877
Jul 2014	0	1,967	96.56	4.18	$8,221
Jun 2014	0	1,906	98.16	4.74	$9,028
May 2014	0	1,991	94.73	4.73	$9,411
Apr 2014	0	1,962	95.94	4.81	$9,435
Mar 2014	0	1,972	95.89	5.06	$9,972
Feb 2014	87	1,763	97.40	6.19	$19,390
Jan 2014	0	1,883	90.40	4.86	$9,153
Dec 2013	0	2,048	91.82	4.35	$8,918
Nov 2013	0	2,094	88.85	3.74	$7,828
Oct 2013	0	2,183	97.42	3.78	$8,250
Sep 2013	0	2,178	104.11	3.72	$8,097
Aug 2013	1	2,566	104.25	3.52	$9,143
Jul 2013	1	2,385	102.52	3.72	$8,969
Jun 2013	2	2,627	94.40	3.93	$10,522
May 2013	0	2,491	94.83	4.15	$10,335
Apr 2013	1	2,438	93.96	4.28	$10,535
Mar 2013	1	2,545	93.62	3.91	$10,052
Feb 2013	1	2,284	91.23	3.42	$7,902
Jan 2013	10	2,509	91.60	3.42	$9,497
Dec 2012	0	2,505	86.77	3.42	$8,568
Nov 2012	0	2,430	86.95	3.62	$8,809
Oct 2012	0	2,429	89.38	3.40	$8,258
Sep 2012	0	2,323	94.67	2.92	$6,779
Aug 2012	0	2,481	92.66	2.91	$7,215
Jul 2012	0	2,519	85.13	3.02	$7,609
Jun 2012	0	2,387	79.82	2.52	$6,013
May 2012	0	2,613	91.61	2.49	$6,502
Apr 2012	0	2,420	101.65	2.00	$4,832
Mar 2012	0	2,567	105.05	2.22	$5,704
Feb 2012	0	3,035	101.10	2.57	$7,801
Jan 2012	40	3,276	98.09	2.73	$12,880
Dec 2011	0	3,359	96.87	3.24	$10,882
Nov 2011	0	3,230	95.72	3.31	$10,695
Oct 2011	0	2,845	84.98	3.65	$10,380
Sep 2011	0	2,786	83.62	3.99	$11,104
Aug 2011	0	3,039	83.40	4.15	$12,610
Jul 2011	0	3,076	94.14	4.52	$13,895
Jun 2011	0	2,923	92.90	4.64	$13,562
May 2011	0	3,256	98.13	4.40	$14,342
Apr 2011	0	3,072	105.96	4.33	$13,312
Mar 2011	0	3,189	96.36	4.06	$12,939
Feb 2011	47	2,668	85.64	4.18	$15,177
Jan 2011	0	3,247	86.50	4.59	$14,900
Dec 2010	1	3,342	85.73	4.35	$14,616
Nov 2010	1	3,294	80.84	3.80	$12,583
Oct 2010	0	3,426	78.10	3.51	$12,021
Sep 2010	1	3,492	72.63	3.98	$13,969
Aug 2010	0	3,729	73.68	4.42	$16,480
Jul 2010	0	3,818	72.55	4.74	$18,084
Jun 2010	0	3,821	70.36	4.91	$18,763
May 2010	0	4,110	71.12	4.24	$17,407
Apr 2010	1	4,209	81.69	4.12	$17,434
Mar 2010	7	4,336	78.39	4.39	$19,578
Feb 2010	3	3,938	73.58	5.44	$21,653
Jan 2010	78	4,406	74.36	5.96	$32,078
Dec 2009	1	6,907	71.44	5.48	$37,948
Nov 2009	0	3,813	74.59	3.75	$14,304
Oct 2009	1	3,094	72.54	4.11	$12,790
Sep 2009	0	1,624	65.54	3.06	$4,977
Aug 2009	0	1,676	67.42	3.22	$5,394
Jul 2009	2	2,755	61.13	3.46	$9,667
Jun 2009	3	3,299	66.16	3.90	$13,048
May 2009	91	3,715	54.74	3.93	$19,566
Apr 2009	0	1,594	46.77	3.59	$5,718
Mar 2009	0	1,869	42.14	4.06	$7,586
Feb 2009	0	3,062	32.81	4.63	$14,186
Jan 2009	0	2,861	35.86	5.37	$15,366
Dec 2008	0	3,819	37.10	5.98	$22,827
Nov 2008	0	3,690	55.49	6.86	$25,315
Oct 2008	0	4,057	75.24	6.92	$28,082
Sep 2008	0	3,785	101.76	7.88	$29,815
Aug 2008	6	3,737	114.22	8.48	$32,386
Jul 2008	38	3,701	131.08	11.39	$47,133
Jun 2008	1	3,545	131.33	13.03	$46,332
May 2008	0	3,642	123.17	11.57	$42,154
Apr 2008	0	3,995	110.31	10.45	$41,767
Mar 2008	2	4,244	101.90	9.66	$41,218
Feb 2008	68	4,313	92.53	8.77	$44,120
Jan 2008	0	4,780	90.38	8.21	$39,223
Dec 2007	0	4,903	88.33	7.30	$35,802
Nov 2007	0	4,897	91.67	7.29	$35,707
Oct 2007	0	5,133	82.85	6.92	$35,531
Sep 2007	0	5,040	75.84	6.24	$31,471
Aug 2007	0	5,366	69.06	6.39	$34,278
Jul 2007	4	5,699	70.90	6.39	$36,688
Jun 2007	5	5,503	62.00	7.55	$41,849
May 2007	6	5,780	58.74	7.85	$45,704
Apr 2007	87	5,699	59.61	7.81	$49,668
Mar 2007	95	5,897	56.92	7.30	$48,467
Feb 2007	0	5,372	55.10	8.22	$44,136
Jan 2007	0	6,364	50.30	6.73	$42,810
Dec 2006	10	6,209	56.65	6.92	$43,523
Nov 2006	13	6,325	54.20	7.62	$48,885
Oct 2006	4	6,415	54.90	6.01	$38,798
Sep 2006	7	9,004	60.08	5.04	$45,776
Aug 2006	114	9,412	68.71	7.34	$76,916
Jul 2006	11	5,935	69.37	6.34	$38,407
Jun 2006	6	8,831	66.28	6.38	$56,774
May 2006	26	11,624	66.01	6.42	$76,400
Apr 2006	16	12,509	64.39	7.36	$93,102
Mar 2006	92	13,232	56.70	7.08	$98,938
Feb 2006	0	12,110	57.59	7.75	$93,866
Jan 2006	10	6,718	60.59	8.93	$60,620
Dec 2005	80	13,366	54.94	13.42	$183,705
Nov 2005	0	18,049	54.69	10.59	$191,110

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.

Jun 2015 — as filed, then multipliedworked

Condensate             0 bbl  × $ 56.15 =         $0
Gas                1,629 Mcf  × $  2.88 =     $4,696

────────────────────────────────────────────────────
Month total                                   $4,696

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/219092 is the state's own key, not one this site invented.