THOMPSON, PERRY GU

Operated by VERADO ENERGY, INC. (P-5 884563) 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 220378District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.6 M
Feb 2006 – Jun 2019
Value, last 12 filed months
$25 k
at the published price for each month
Months reported
161
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 Gas112006-12-15168531
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
CondensateDisposition328 bbl$24,039
GasProduction290,188 Mcf$1,593,457
Total$1,617,496

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 32.3096, -94.6807. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.30958, -94.68068 · 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
10,580 ft
1 wells filed one
Completion to plug
13.3 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 10,580 ft.

Completions filed
Feb 2006
1 of 1 wells
Plug dates filed
Jun 2019
1 of 1 wells

Last completion to plug: a median of 13.3 years across the 1 well that filed both dates, with the middle half between 13.3 years and 13.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-401337201110,580 ftFeb 2006Jun 2019Yes

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 (161)

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

161 months

Jun 2019047852.782.49$1,191
May 2019070558.482.74$1,932
Apr 2019065962.632.75$1,813
Mar 2019071356.803.06$2,183
Feb 2019065650.852.79$1,832
Jan 2019071246.033.23$2,298
Dec 2018061546.594.19$2,574
Nov 2018059852.934.24$2,534
Oct 20181055261.443.40$2,490
Sep 2018060459.543.11$1,877
Aug 2018067159.403.07$2,058
Jul 2018076465.142.93$2,240
Jun 2018076860.183.08$2,363
May 2018076565.382.90$2,219
Apr 2018083863.842.90$2,431
Mar 20181490161.222.79$3,368
Feb 2018070661.782.77$1,953
Jan 2018090362.874.01$3,620
Dec 2017088357.272.92$2,580
Nov 2017092755.423.12$2,891
Oct 2017090349.292.98$2,694
Sep 2017085747.523.09$2,646
Aug 2017078345.373.00$2,352
Jul 2017079543.873.09$2,454
Jun 2017077342.493.09$2,386
May 2017077445.373.26$2,526
Apr 2017084547.933.21$2,714
Mar 2017077246.772.98$2,303
Feb 2017086350.452.95$2,548
Jan 2017058649.413.42$2,003
Dec 2016043848.763.72$1,631
Nov 2016075542.492.64$1,996
Oct 2016071246.193.09$2,200
Sep 2016059841.553.10$1,854
Aug 2016051241.442.92$1,497
Jul 2016076541.622.92$2,237
Jun 2016082345.352.69$2,210
May 201601,00642.521.99$2,003
Apr 201601,26136.561.99$2,511
Mar 2016075633.011.79$1,356
Feb 2016079726.472.06$1,645
Jan 201601,20927.352.36$2,859
Dec 201501,00232.362.00$2,005
Nov 2015087238.792.17$1,890
Oct 2015096543.552.43$2,342
Sep 2015095742.992.76$2,640
Aug 201511,05540.162.87$3,071
Jul 2015097348.152.95$2,866
Jun 2015089856.152.88$2,589
May 2015187755.212.96$2,647
Apr 2015083249.822.71$2,252
Mar 2015083042.892.93$2,436
Feb 2015080144.662.98$2,384
Jan 2015084143.433.10$2,608
Dec 2014081254.693.59$2,916
Nov 2014080270.464.25$3,410
Oct 2014091178.303.90$3,554
Sep 201401,04786.164.05$4,236
Aug 2014097289.394.04$3,922
Jul 201401,18496.564.18$4,949
Jun 2014079298.164.74$3,752
May 2014085294.734.73$4,027
Apr 2014087795.944.81$4,218
Mar 2014069595.895.06$3,514
Feb 2014089797.406.19$5,554
Jan 201411,70790.404.86$8,388
Dec 201301,94091.824.35$8,448
Nov 201301,87488.853.74$7,006
Oct 201312,05597.423.78$7,864
Sep 201301,105104.113.72$4,108
Aug 201301,245104.253.52$4,386
Jul 201301,241102.523.72$4,614
Jun 201302,35994.403.93$9,279
May 201302,18994.834.15$9,082
Apr 201391,13993.964.28$5,724
Mar 201301,46693.623.91$5,736
Feb 201312,02791.233.42$7,023
Jan 201311,24491.603.42$4,346
Dec 2012070986.773.42$2,425
Nov 2012099486.953.62$3,603
Oct 201201,10389.383.40$3,750
Sep 201201,12694.672.92$3,286
Aug 2012089692.662.91$2,606
Jul 2012199085.133.02$3,076
Jun 201201,11579.822.52$2,809
May 2012111,32991.612.49$4,315
Apr 2012111,332101.652.00$3,778
Mar 201201,379105.052.22$3,064
Feb 201201,150101.102.57$2,956
Jan 201201,24598.092.73$3,404
Dec 201111,19196.873.24$3,955
Nov 201101,10195.723.31$3,646
Oct 201101,17584.983.65$4,287
Sep 201101,41383.623.99$5,632
Aug 201101,61783.404.15$6,709
Jul 201111,65494.144.52$7,566
Jun 2011101,57992.904.64$8,255
May 201111,96298.134.40$8,740
Apr 201102,545105.964.33$11,028
Mar 201101,40896.364.06$5,713
Feb 201111,44685.644.18$6,130
Jan 201111,71186.504.59$7,938
Dec 201001,67185.734.35$7,265
Nov 201012,17580.843.80$8,336
Oct 201011,61078.103.51$5,727
Sep 201011,77572.633.98$7,136
Aug 201011,70273.684.42$7,595
Jul 201001,62472.554.74$7,692
Jun 201011,55970.364.91$7,726
May 201001,94571.124.24$8,238
Apr 201001,93781.694.12$7,986
Mar 201082,28778.394.39$10,664
Feb 2010085473.585.44$4,648
Jan 201001,91174.365.96$11,397
Dec 200991,73771.445.48$10,168
Nov 200901,69574.593.75$6,359
Oct 200902,02172.544.11$8,307
Sep 200901,46965.543.06$4,502
Aug 200901,63867.423.22$5,272
Jul 200901,59361.133.46$5,519
Jun 200971,80566.163.90$7,494
May 200901,75754.743.93$6,898
Apr 200902,06246.773.59$7,397
Mar 200901,88042.144.06$7,631
Feb 200901,70032.814.63$7,876
Jan 200901,86235.865.37$10,001
Dec 200801,91537.105.98$11,446
Nov 200892,52455.496.86$17,815
Oct 200802,54375.246.92$17,603
Sep 200802,610101.767.88$20,559
Aug 200802,618114.228.48$22,209
Jul 2008223,117131.0811.39$38,385
Jun 200803,039131.3313.03$39,606
May 200803,055123.1711.57$35,359
Apr 200801,914110.3110.45$20,011
Mar 200882,682101.909.66$26,734
Feb 200802,82692.538.77$24,786
Jan 200802,63390.388.21$21,606
Dec 2007112,50688.337.30$19,270
Nov 2007102,89591.677.29$22,026
Oct 200702,28282.856.92$15,796
Sep 200702,16975.846.24$13,544
Aug 200702,29169.066.39$14,635
Jul 200702,43070.906.39$15,523
Jun 200702,06162.007.55$15,557
May 200792,02758.747.85$16,433
Apr 200702,71759.617.81$21,207
Mar 200704,13356.927.30$30,179
Feb 2007182,95655.108.22$25,278
Jan 2007213,19150.306.73$22,522
Dec 2006194,16656.656.92$29,899
Nov 2006224,17254.207.62$32,973
Oct 200624,33554.906.01$26,180
Sep 200636,08660.085.04$30,837
Aug 200605,93268.717.34$43,540
Jul 2006186,80569.376.34$44,411
Jun 2006257,74766.286.38$51,113
May 200609,40266.016.42$60,408
Apr 2006012,16364.397.36$89,526
Mar 20062517,47156.707.08$125,163
Feb 20060057.597.75$0

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 2019 — as filed, then multipliedworked
Condensate             0 bbl  × $ 52.78 =         $0
Gas                  478 Mcf  × $  2.49 =     $1,191

────────────────────────────────────────────────────
Month total                                   $1,191

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/220378 is the state's own key, not one this site invented.