LOFTIS GAS UNIT

Operated by PWEP OPERATING, LLC (P-5 104093) 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 222802District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.2 M
Sep 2006 – May 2026
Value, last 12 filed months
$32 k
at the published price for each month
Months reported
237
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 Gas112007-04-03174202
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
CondensateDisposition2,092 bbl$151,488
GasProduction1,136,119 Mcf$6,014,679
Total$6,166,168

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 32.4343, -94.5901. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.43430, -94.59011 · 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
10,700 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 10,700 ft.

Completions filed
Oct 2006
1 of 1 wells

1 well

42-20333484610,700 ftOct 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 (237)

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

237 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 202501,48358.593.93$5,823
Oct 202501,81959.383.30$6,012
Sep 202501,59762.743.08$4,914
Aug 202501,72363.933.01$5,194
Jul 202501,72966.743.32$5,732
Jun 202501,54066.483.13$4,818
May 202501,69760.553.23$5,485
Apr 202501,69462.363.54$6,002
Mar 202501,11667.704.27$4,763
Feb 202501,36670.884.34$5,930
Jan 202501,74474.324.28$7,462
Dec 202401,69868.993.12$5,300
Nov 2024421,47569.052.20$6,143
Oct 202401,47971.372.28$3,374
Sep 202401,32369.612.36$3,128
Aug 202401,27975.632.06$2,639
Jul 202401,58279.932.15$3,396
Jun 202401,29478.082.63$3,408
May 202401,55278.812.20$3,412
Apr 202401,65884.451.66$2,751
Mar 202401,41080.301.55$2,179
Feb 202401,61976.091.78$2,888
Jan 202401,46573.023.30$4,831
Dec 202301,77171.262.61$4,624
Nov 202301,77577.892.81$4,983
Oct 202301,83385.443.09$5,659
Sep 202301,91989.042.74$5,249
Aug 202301,98480.522.67$5,303
Jul 202301,33374.852.64$3,522
Jun 202301,47068.962.26$3,320
May 202301,28470.622.23$2,860
Apr 202301,24578.122.24$2,786
Mar 202301,20372.852.39$2,879
Feb 202301,03975.112.47$2,562
Jan 202301,19876.533.39$4,058
Dec 202201,03376.415.73$5,918
Nov 202201,62085.005.65$9,147
Oct 202201,66487.185.86$9,757
Sep 202201,70584.888.16$13,919
Aug 202201,81194.529.13$16,529
Jul 202201,038101.587.54$7,829
Jun 202201,813115.097.98$14,463
May 202201,604109.378.43$13,527
Apr 202202,003104.226.84$13,696
Mar 202202,142108.885.08$10,874
Feb 202201,75891.054.86$8,542
Jan 202201,99181.844.54$9,035
Dec 202102,10271.323.90$8,196
Nov 202102,12477.435.24$11,123
Oct 202102,00679.795.71$11,462
Sep 202101,86169.865.35$9,958
Aug 202102,03166.024.22$8,572
Jul 202102,13170.783.98$8,486
Jun 202102,06369.493.38$6,974
May 202101,85363.483.02$5,592
Apr 202101,67360.362.76$4,615
Mar 202101,91461.302.72$5,200
Feb 202101,47757.805.55$8,194
Jan 202101,98350.412.81$5,573
Dec 202001,98244.642.68$5,303
Nov 202001,82438.772.71$4,937
Oct 202002,05336.972.48$5,088
Sep 202002,18337.091.99$4,346
Aug 202002,22639.982.39$5,309
Jul 202002,15038.371.83$3,924
Jun 202002,05434.901.69$3,472
May 202002,27116.921.81$4,121
Apr 202002,36514.751.80$4,267
Mar 202002,42430.341.86$4,500
Feb 202002,36449.881.98$4,682
Jan 202002,64357.252.09$5,536
Dec 201902,42259.012.30$5,581
Nov 201902,32155.302.75$6,384
Oct 201902,45453.472.42$5,935
Sep 2019552,44055.052.66$9,512
Aug 201902,67653.112.30$6,166
Jul 201902,69656.272.46$6,632
Jun 201902,58852.782.49$6,447
May 201902,57958.482.74$7,067
Apr 201901,92262.632.75$5,287
Mar 201902,56256.803.06$7,845
Feb 201902,18850.852.79$6,109
Jan 201902,57946.033.23$8,325
Dec 201802,72646.594.19$11,410
Nov 201802,67552.934.24$11,335
Oct 201802,90761.443.40$9,878
Sep 201802,82759.543.11$8,786
Aug 201802,74359.403.07$8,412
Jul 201802,73765.142.93$8,025
Jun 201802,58160.183.08$7,942
May 2018592,51565.382.90$11,153
Apr 201802,72263.842.90$7,896
Mar 201802,83061.222.79$7,887
Feb 201802,55761.782.77$7,073
Jan 201802,83562.874.01$11,366
Dec 201702,86957.272.92$8,382
Nov 201702,72255.423.12$8,488
Oct 2017882,85149.292.98$12,844
Sep 201703,10147.523.09$9,574
Aug 201703,09645.373.00$9,302
Jul 201702,92343.873.09$9,024
Jun 201702,96442.493.09$9,151
May 201702,80445.373.26$9,151
Apr 201703,00547.933.21$9,651
Mar 201703,07646.772.98$9,178
Feb 201702,90150.452.95$8,565
Jan 2017343,00049.413.42$11,936
Dec 201603,17348.763.72$11,813
Nov 201602,99642.492.64$7,922
Oct 201603,10946.193.09$9,608
Sep 201602,99341.553.10$9,280
Aug 201603,10541.442.92$9,080
Jul 201603,29241.622.92$9,627
Jun 201603,28045.352.69$8,810
May 201603,36542.521.99$6,700
Apr 201603,22836.561.99$6,427
Mar 2016633,33333.011.79$8,059
Feb 201603,21226.472.06$6,628
Jan 201603,33127.352.36$7,876
Dec 201503,32332.362.00$6,651
Nov 201503,30038.792.17$7,152
Oct 201503,44843.552.43$8,367
Sep 201503,40442.992.76$9,390
Aug 201503,39040.162.87$9,738
Jul 2015853,54248.152.95$14,524
Jun 201503,52556.152.88$10,162
May 201503,43855.212.96$10,161
Apr 201503,37049.822.71$9,121
Mar 201503,48242.892.93$10,219
Feb 201503,03244.662.98$9,024
Jan 201503,31043.433.10$10,263
Dec 2014643,45854.693.59$15,919
Nov 201403,39870.464.25$14,448
Oct 201403,44478.303.90$13,435
Sep 201403,39186.164.05$13,718
Aug 201403,51189.394.04$14,167
Jul 201403,73296.564.18$15,598
Jun 201403,54298.164.74$16,778
May 2014673,64694.734.73$23,580
Apr 201403,55295.944.81$17,082
Mar 201403,65595.895.06$18,483
Feb 201403,48097.406.19$21,548
Jan 2014883,84790.404.86$26,654
Dec 201323,05891.824.35$13,500
Nov 201303,53288.853.74$13,204
Oct 201303,85197.423.78$14,554
Sep 201304,027104.113.72$14,971
Aug 201304,467104.253.52$15,736
Jul 201304,264102.523.72$15,852
Jun 201323,90494.403.93$15,545
May 201314,16494.834.15$17,372
Apr 201303,60293.964.28$15,426
Mar 201304,35493.623.91$17,037
Feb 201323,96191.233.42$13,729
Jan 2013614,42691.603.42$20,724
Dec 201204,44186.773.42$15,189
Nov 201224,10786.953.62$15,062
Oct 201204,46489.383.40$15,176
Sep 2012654,41594.672.92$19,038
Aug 201204,78092.662.91$13,901
Jul 201204,65985.133.02$14,074
Jun 201204,64879.822.52$11,709
May 201204,91991.612.49$12,240
Apr 201204,698101.652.00$9,381
Mar 201224,910105.052.22$11,121
Feb 201204,337101.102.57$11,147
Jan 201224,83698.092.73$13,418
Dec 2011995,04096.873.24$25,918
Nov 201134,95295.723.31$16,685
Oct 201175,24584.983.65$19,731
Sep 201105,14783.623.99$20,515
Aug 201155,45283.404.15$23,039
Jul 201165,58694.144.52$25,798
Jun 201105,21292.904.64$24,183
May 2011845,48498.134.40$32,399
Apr 201135,306105.964.33$23,310
Mar 201155,45596.364.06$22,615
Feb 2011424,87985.644.18$23,991
Jan 201105,22486.504.59$23,972
Dec 201035,78385.734.35$25,400
Nov 201065,60680.843.80$21,762
Oct 201075,66578.103.51$20,425
Sep 2010155,49972.633.98$22,973
Aug 201095,51173.684.42$25,018
Jul 201036,31072.554.74$30,105
Jun 201036,25170.364.91$30,906
May 201036,85271.124.24$29,233
Apr 201036,08581.694.12$25,332
Mar 201046,34378.394.39$28,151
Feb 201045,89373.585.44$32,366
Jan 201026,67074.365.96$39,929
Dec 200966,52871.445.48$36,227
Nov 200906,62474.593.75$24,850
Oct 200916,48472.544.11$26,723
Sep 200927,21765.543.06$22,249
Aug 200907,87267.423.22$25,336
Jul 2009967,63961.133.46$32,334
Jun 200906,93966.163.90$27,027
May 200907,68354.743.93$30,162
Apr 20091107,92846.773.59$33,586
Mar 200908,38342.144.06$34,027
Feb 200907,64632.814.63$35,424
Jan 200908,76835.865.37$47,093
Dec 20081108,82737.105.98$56,841
Nov 2008010,42555.496.86$71,519
Oct 200809,86775.246.92$68,299
Sep 200809,558101.767.88$75,289
Aug 200809,861114.228.48$83,651
Jul 2008010,548131.0811.39$120,136
Jun 200811510,679131.3313.03$154,278
May 2008011,696123.1711.57$135,373
Apr 2008011,299110.3110.45$118,129
Mar 2008011,870101.909.66$114,713
Feb 200811911,46792.538.77$111,583
Jan 2008012,73090.388.21$104,459
Dec 2007013,30188.337.30$97,124
Nov 2007013,66091.677.29$99,605
Oct 20079414,68882.856.92$109,458
Sep 2007015,04675.846.24$93,950
Aug 2007015,67769.066.39$100,144
Jul 20079016,78470.906.39$113,596
Jun 2007017,43362.007.55$131,592
May 2007019,54358.747.85$153,340
Apr 20079620,56659.617.81$166,244
Mar 2007023,27056.927.30$169,917
Feb 2007023,85155.108.22$195,960
Jan 20076930,48350.306.73$208,525
Dec 20068436,98056.656.92$260,603
Nov 2006054,36354.207.62$414,109
Oct 2006021,29654.906.01$128,070
Sep 20060060.085.04$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.

Nov 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 58.59 =         $0
Gas                1,483 Mcf  × $  3.93 =     $5,823

────────────────────────────────────────────────────
Month total                                   $5,823

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/222802 is the state's own key, not one this site invented.