VEF KEY UNIT

Operated by SMITH RESOURCES, L.L.C. (P-5 796070) in the CARTHAGE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 221733District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.7 M
May 2006 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
241
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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered
1968-05-01
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 40 acres. The field rule took effect on 2011-02-08.

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 Gas112006-12-07171749
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
CondensateDisposition12,807 bbl$942,777
GasProduction345,177 Mcf$1,708,241
Total$2,651,018

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 32.3453, -94.3470. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.34532, -94.34702 · 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
10,210 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 10,210 ft.

Completions filed
May 2006
1 of 1 wells

1 well

42-203333901-L10,210 ftMay 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 (241)

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

241 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
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 2020591,24916.921.81$3,265
Apr 20201521,00914.751.80$4,063
Mar 202041,07330.341.86$2,113
Feb 2020186349.881.98$1,759
Jan 202011,10557.252.09$2,372
Dec 20191251,03459.012.30$9,759
Nov 201961,03855.302.75$3,187
Oct 2019065453.472.42$1,582
Sep 201915996355.052.66$11,312
Aug 201901,07253.112.30$2,470
Jul 201901,14556.272.46$2,817
Jun 2019097052.782.49$2,416
May 2019092358.482.74$2,529
Apr 201912897762.632.75$10,704
Mar 2019092356.803.06$2,826
Feb 2019086250.852.79$2,407
Jan 201914992946.033.23$9,857
Dec 201801,05746.594.19$4,424
Nov 2018099752.934.24$4,225
Oct 201813799761.443.40$11,805
Sep 2018396359.543.11$3,172
Aug 201841,00859.403.07$3,329
Jul 2018293065.142.93$2,857
Jun 2018177160.183.08$2,432
May 201816776465.382.90$13,135
Apr 2018578463.842.90$2,593
Mar 2018285361.222.79$2,500
Feb 2018181861.782.77$2,324
Jan 201801,02062.874.01$4,090
Dec 20171551,02057.272.92$11,857
Nov 2017568755.423.12$2,419
Oct 2017462949.292.98$2,074
Sep 2017084947.523.09$2,621
Aug 201717369445.373.00$9,934
Jul 201721,01243.873.09$3,212
Jun 2017165642.493.09$2,068
May 2017161645.373.26$2,056
Apr 201715794147.933.21$10,547
Mar 201721,03846.772.98$3,191
Feb 201741,00750.452.95$3,175
Jan 2017099449.413.42$3,398
Dec 201601,08448.763.72$4,036
Nov 20161551,19542.492.64$9,746
Oct 2016111,05946.193.09$3,781
Sep 201631,25541.553.10$4,016
Aug 20161481,17941.442.92$9,581
Jul 201621,00941.622.92$3,034
Jun 201641,01445.352.69$2,905
May 201601,35142.521.99$2,690
Apr 2016496036.561.99$2,058
Mar 20161581,27333.011.79$7,499
Feb 201621,20926.472.06$2,548
Jan 201601,07027.352.36$2,530
Dec 20151511,15032.362.00$7,188
Nov 201531,13138.792.17$2,568
Oct 201511,20243.552.43$2,960
Sep 201501,30642.992.76$3,603
Aug 20151731,28840.162.87$10,647
Jul 201501,16748.152.95$3,437
Jun 201501,75356.152.88$5,054
May 201501,74655.212.96$5,160
Apr 20151781,78149.822.71$13,688
Mar 201521,71042.892.93$5,104
Feb 201531,66444.662.98$5,086
Jan 201511,96043.433.10$6,121
Dec 20141531,89254.693.59$15,162
Nov 201404070.464.25$170
Oct 201411,08978.303.90$4,326
Sep 201411,46186.164.05$5,997
Aug 20141551,69289.394.04$20,683
Jul 201411,79796.564.18$7,607
Jun 2014751,67298.164.74$15,282
May 201432,09694.734.73$10,191
Apr 20141811,51195.944.81$24,632
Mar 201411,36295.895.06$6,983
Feb 201401,26897.406.19$7,851
Jan 201411,30190.404.86$6,414
Dec 201321,72491.824.35$7,691
Nov 20131641,61288.853.74$20,598
Oct 201313,04497.423.78$11,602
Sep 2013921,756104.113.72$16,106
Aug 201301,375104.253.52$4,844
Jul 201321,809102.523.72$6,930
Jun 20131532,00394.403.93$22,322
May 20131731,72394.834.15$23,554
Apr 201302,26993.964.28$9,717
Mar 201301,84293.623.91$7,208
Feb 201301,79491.233.42$6,135
Jan 20131771,95791.603.42$22,906
Dec 20121402,13686.773.42$19,453
Nov 201212,10686.953.62$7,721
Oct 201212,47889.383.40$8,514
Sep 201218110694.672.92$17,445
Aug 201232,51792.662.91$7,598
Jul 201202,27585.133.02$6,872
Jun 20121802,63179.822.52$20,995
May 20121122,88691.612.49$17,442
Apr 201211,906101.652.00$3,908
Mar 20121891,719105.052.22$23,674
Feb 20121922,120101.102.57$24,860
Jan 201202,25498.092.73$6,163
Dec 20111771,60696.873.24$22,349
Nov 201101,37195.723.31$4,540
Oct 20111871,92984.983.65$22,929
Sep 201102,17283.623.99$8,657
Aug 20111032,32583.404.15$18,237
Jul 201102,41594.144.52$10,909
Jun 20111782,57092.904.64$28,461
May 20111822,68598.134.40$29,687
Apr 2011182130105.964.33$19,848
Mar 201153,07496.364.06$12,954
Feb 20111913,31085.644.18$30,193
Jan 201102,35986.504.59$10,825
Dec 20101851,89985.734.35$24,116
Nov 201002,17980.843.80$8,270
Oct 20101862,28978.103.51$22,558
Sep 20101861,98272.633.98$21,396
Aug 201002,12273.684.42$9,378
Jul 20101852,25472.554.74$24,098
Jun 201003,05370.364.91$14,991
May 20101871,73471.124.24$20,643
Apr 20101861,81981.694.12$22,694
Mar 20100078.394.39$0
Feb 201002,08373.585.44$11,336
Jan 20101842,19374.365.96$26,761
Dec 20091812,13971.445.48$24,660
Nov 200901,97474.593.75$7,405
Oct 20091882,14372.544.11$22,446
Sep 20091902,13565.543.06$18,996
Aug 20091872,05767.423.22$19,228
Jul 20091731,88261.133.46$17,096
Jun 20091782,18766.163.90$20,295
May 200901,97654.743.93$7,757
Apr 20091921,75546.773.59$15,276
Mar 200902,60242.144.06$10,562
Feb 200916670932.814.63$8,731
Jan 20091772,43635.865.37$19,431
Dec 200802,83037.105.98$16,915
Nov 20081782,22155.496.86$25,114
Oct 20081831,87575.246.92$26,748
Sep 20081832,127101.767.88$35,377
Aug 200802,776114.228.48$23,549
Jul 20081842,238131.0811.39$49,608
Jun 20081841,603131.3313.03$45,056
May 20083141,799123.1711.57$59,498
Apr 20081381,107110.3110.45$26,796
Mar 20080795101.909.66$7,683
Feb 20082872,57792.538.77$49,158
Jan 200813987390.388.21$19,726
Dec 200701,50988.337.30$11,019
Nov 200703,04591.677.29$22,203
Oct 200703,29082.856.92$22,773
Sep 200703,27575.846.24$20,450
Aug 20071393,27469.066.39$30,513
Jul 200703,39370.906.39$21,674
Jun 20071213,35862.007.55$32,850
May 200703,69058.747.85$28,953
Apr 200703,38659.617.81$26,428
Mar 20072903,90156.927.30$44,992
Feb 200703,52855.108.22$28,986
Jan 20071454,59150.306.73$38,176
Dec 200604,01956.656.92$27,805
Nov 20061705,26854.207.62$49,343
Oct 20061656,39454.906.01$47,511
Sep 20061387,27860.085.04$44,952
Aug 2006608,99168.717.34$70,116
Jul 20062089,98669.376.34$77,768
Jun 200628714,19166.286.38$109,616
May 200621317,80866.016.42$128,477

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 2020 — as filed, then multipliedworked
Condensate            59 bbl  × $ 16.92 =       $998
Gas                1,249 Mcf  × $  1.81 =     $2,267

────────────────────────────────────────────────────
Month total                                   $3,265

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/221733 is the state's own key, not one this site invented.