COBRA #1

Operated by SABINE ENERGY INC. (P-5 103925) in the MINDEN (COTTON VALLEY CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 220434District 06Field 617921112 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.6 M
Apr 2006 – May 2026
Value, last 12 filed months
$452 k
at the published price for each month
Months reported
242
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 456 leases and 456 wells, and the rule below applies to all of them.

Discovered
2005-09-27
as the register files it
Field class
Oil and 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 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: EXCEPTION TO SWR51(A) 30 DAY RULE.

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 Gas112007-05-07174709
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
CondensateDisposition34,887 bbl$2,398,572
GasProduction1,387,757 Mcf$7,195,965
Total$9,594,537

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 32.0913, -94.7095. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.09133, -94.70950 · 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
10,942 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 10,942 ft.

Completions filed
Apr 2006
1 of 1 wells

1 well

42-401338021410,942 ftApr 2006

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 (242)

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

242 months

May 20268182,290106.413.05$94,018
Apr 20261,0702,71798.932.87$113,652
Mar 20266452,71189.753.15$66,427
Feb 20263242,16963.503.75$28,708
Jan 20261382,26859.138.00$26,299
Dec 20251172,38556.664.41$17,155
Nov 2025732,12158.593.93$12,605
Oct 2025552,23459.383.30$10,649
Sep 2025772,21162.743.08$11,634
Aug 2025282,11263.933.01$8,157
Jul 20251922,05466.743.32$19,624
Jun 20255372,25166.483.13$42,743
May 20256982,21760.553.23$49,430
Apr 20256512,13362.363.54$48,154
Mar 20253532,08367.704.27$32,789
Feb 20252981,78970.884.34$28,888
Jan 20252822,01974.324.28$29,597
Dec 20242712,25668.993.12$25,738
Nov 20242232,14969.052.20$20,123
Oct 20241992,13971.372.28$19,083
Sep 20242002,14169.612.36$18,984
Aug 20241672,10375.632.06$16,970
Jul 20242602,07179.932.15$25,227
Jun 20243072,16678.082.63$29,676
May 20244742,21678.812.20$42,228
Apr 20244342,20884.451.66$40,315
Mar 20244052,23080.301.55$35,967
Feb 20245701,99876.091.78$46,935
Jan 20246262,36173.023.30$53,496
Dec 20233242,24871.262.61$28,957
Nov 20232862,25177.892.81$28,596
Oct 20232342,47985.443.09$27,646
Sep 20233341,94189.042.74$35,048
Aug 2023852,47580.522.67$13,460
Jul 20233642,27674.852.64$33,258
Jun 20231521,64668.962.26$14,199
May 20232941,83970.622.23$24,858
Apr 20231582,06978.122.24$16,973
Mar 20232832,21572.852.39$25,917
Feb 20232731,63375.112.47$24,531
Jan 202314092276.533.39$13,838
Dec 202207376.415.73$418
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 202021030.341.86$637
Feb 2020833949.881.98$4,217
Jan 20201682,52957.252.09$14,916
Dec 201902,60359.012.30$5,998
Nov 201902,59455.302.75$7,135
Oct 201902,69853.472.42$6,525
Sep 201902,76955.052.66$7,358
Aug 2019542,93753.112.30$9,636
Jul 20191093,02456.272.46$13,573
Jun 20193712,87452.782.49$26,741
May 20193273,02758.482.74$27,418
Apr 20192392,56562.632.75$22,024
Mar 20193822,47056.803.06$29,261
Feb 20193412,51550.852.79$24,362
Jan 20193792,80346.033.23$26,494
Dec 20182972,82046.594.19$25,640
Nov 20182473,05352.934.24$26,010
Oct 20183193,25061.443.40$30,643
Sep 20182372,96759.543.11$23,332
Aug 20183353,39459.403.07$30,307
Jul 20181152,76065.142.93$15,583
Jun 20187582,03160.183.08$51,866
May 20185482,78265.382.90$43,898
Apr 20187312,51463.842.90$53,960
Mar 20185093,16361.222.79$39,976
Feb 20181,0062,69861.782.77$69,614
Jan 20187463,15762.874.01$59,558
Dec 20172052,98857.272.92$20,470
Nov 20171602,87055.423.12$17,817
Oct 20171282,70549.292.98$14,380
Sep 20171303,03447.523.09$15,544
Aug 2017803,26745.373.00$13,445
Jul 20172583,60643.873.09$22,451
Jun 20173693,65642.493.09$26,966
May 20174003,69445.373.26$30,203
Apr 20172363,26647.933.21$21,801
Mar 20173323,60146.772.98$26,272
Feb 20173702,93450.452.95$27,329
Jan 20173412,62249.413.42$25,813
Dec 20161272,48848.763.72$15,455
Nov 20161992,26742.492.64$14,450
Oct 20161492,62046.193.09$14,979
Sep 20161582,61641.553.10$14,676
Aug 20161162,81041.442.92$13,024
Jul 20161103,27041.622.92$14,141
Jun 20161313,05645.352.69$14,149
May 2016993,59942.521.99$11,375
Apr 20161053,93836.561.99$11,680
Mar 20161943,95933.011.79$13,506
Feb 20162303,42326.472.06$13,152
Jan 20162093,80127.352.36$14,703
Dec 20151023,72632.362.00$10,758
Nov 20151193,52838.792.17$12,262
Oct 2015704,08743.552.43$12,966
Sep 2015443,97442.992.76$12,854
Aug 2015913,12340.162.87$12,625
Jul 2015832,91448.152.95$12,578
Jun 2015823,32556.152.88$14,190
May 20151074,07155.212.96$17,939
Apr 20151093,64449.822.71$15,293
Mar 20151273,87842.892.93$16,828
Feb 20151195,70044.662.98$22,279
Jan 20151226,41143.433.10$25,177
Dec 2014763,29154.693.59$15,976
Nov 20141165,40470.464.25$31,150
Oct 20141115,31978.303.90$29,441
Sep 2014766,28486.164.05$31,970
Aug 2014916,63089.394.04$34,887
Jul 2014525,00596.564.18$25,940
Jun 2014793,99498.164.74$26,674
May 2014846,51794.734.73$38,760
Apr 2014676,53595.944.81$37,856
Mar 20141285,67495.895.06$40,966
Feb 2014704,74797.406.19$36,211
Jan 20142035,72190.404.86$46,159
Dec 20131684,93191.824.35$36,898
Nov 20131695,12288.853.74$34,163
Oct 20131195,71297.423.78$33,181
Sep 2013524,404104.113.72$21,787
Aug 2013745,219104.253.52$26,099
Jul 2013937,269102.523.72$36,559
Jun 2013686,40594.403.93$31,613
May 2013726,65594.834.15$34,440
Apr 20131327,06693.964.28$42,664
Mar 2013455,77993.623.91$26,825
Feb 20131155,28791.233.42$28,573
Jan 2013906,25291.603.42$29,625
Dec 2012485,19886.773.42$21,943
Nov 2012904,42586.953.62$23,866
Oct 20121307,07789.383.40$35,679
Sep 2012616,36894.672.92$24,359
Aug 20121585,76492.662.91$31,403
Jul 2012837,76985.133.02$30,534
Jun 2012175,39979.822.52$14,957
May 2012436,68091.612.49$20,561
Apr 2012316,224101.652.00$15,579
Mar 2012496,817105.052.22$20,295
Feb 2012844,360101.102.57$19,699
Jan 20122356,63098.092.73$41,178
Dec 20112847,18996.873.24$50,802
Nov 2011146,54595.723.31$23,012
Oct 201108,87384.983.65$32,374
Sep 2011637,64483.623.99$35,736
Aug 2011538,64383.404.15$40,283
Jul 2011358,50394.144.52$41,705
Jun 2011668,41392.904.64$45,167
May 2011238,86698.134.40$41,310
Apr 2011678,852105.964.33$45,458
Mar 20115910,48496.364.06$48,222
Feb 2011396,41385.644.18$30,146
Jan 2011549,04386.504.59$46,167
Dec 2010469,64085.734.35$45,856
Nov 2010249,43280.843.80$37,738
Oct 2010629,87778.103.51$39,500
Sep 2010309,87672.633.98$41,480
Aug 20101189,46473.684.42$50,519
Jul 20102710,33172.554.74$50,892
Jun 2010369,30870.364.91$48,239
May 2010239,82271.124.24$43,234
Apr 2010329,88781.694.12$43,375
Mar 2010439,61478.394.39$45,563
Feb 20102910,42673.585.44$58,876
Jan 20103510,51774.365.96$65,327
Dec 20092910,46571.445.48$59,459
Nov 20092910,71874.593.75$42,372
Oct 20093211,53372.544.11$49,725
Sep 20095611,19965.543.06$37,992
Aug 20092511,15867.423.22$37,598
Jul 20093611,67461.133.46$42,645
Jun 20092310,54266.163.90$42,583
May 20093312,38354.743.93$50,419
Apr 20093911,97046.773.59$44,766
Mar 20093812,66642.144.06$53,013
Feb 20093211,85032.814.63$55,951
Jan 20094313,57735.865.37$74,464
Dec 20083912,49037.105.98$76,101
Nov 20083513,41255.496.86$93,953
Oct 20083714,50975.246.92$103,215
Sep 20084913,592101.767.88$112,052
Aug 20085215,393114.228.48$136,519
Jul 20084014,694131.0811.39$172,599
Jun 20084914,834131.3313.03$199,761
May 20085415,783123.1711.57$189,328
Apr 20084515,654110.3110.45$168,624
Mar 20085016,967101.909.66$169,065
Feb 20088116,28292.538.77$150,298
Jan 20083517,61290.388.21$147,683
Dec 20075017,76788.337.30$134,151
Nov 20073917,97391.677.29$134,629
Oct 200714318,77582.856.92$141,808
Sep 200725016,89075.846.24$124,424
Aug 200745916,07369.066.39$134,372
Jul 2007208,15970.906.39$53,537
Jun 2007188,99562.007.55$69,014
May 2007188,98758.747.85$71,572
Apr 2007229,87159.617.81$78,357
Mar 20072411,22456.927.30$83,323
Feb 2007269,19855.108.22$77,003
Jan 20073012,46650.306.73$85,366
Dec 20062913,49756.656.92$95,021
Nov 20063714,17054.207.62$109,945
Oct 20064316,22854.906.01$99,953
Sep 20066817,70760.085.04$93,279
Aug 20067420,60468.717.34$156,316
Jul 20066224,99669.376.34$162,845
Jun 200610129,49766.286.38$195,000
May 2006045,06966.016.42$289,568
Apr 2006020,68364.397.36$152,237

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           818 bbl  × $106.41 =    $87,043
Gas                2,290 Mcf  × $  3.05 =     $6,975

────────────────────────────────────────────────────
Month total                                  $94,018

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/220434 is the state's own key, not one this site invented.