OVERTON GU 20

Name: OVERTON GU 20 lease production and value, Oct 2006 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WEATHERLY OIL & GAS, LLC (P-5 902815) 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 223200District 06Field 678491502 tax incentive programmesCondensateGasSave Export

Value, all time

$1.8 M

Oct 2006 – Jun 2018

Value, last 12 filed months

$35 k

at the published price for each month

Months reported

141

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	2007-03-06	173257
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	1,393 bbl	$105,774
Gas	Production	294,429 Mcf	$1,677,259
Total			$1,783,033

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 32.2227, -95.0356. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.22268, -95.03557 · 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

11,730 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 11,730 ft.

Completions filed

Jun 2018

1 of 1 wells

1 well


42-42332049	4	11,730 ft	Jun 2018	—	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 (141)

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

141 months


Jun 2018	30	0	60.18	3.08	$1,805
May 2018	0	558	65.38	2.90	$1,619
Apr 2018	0	801	63.84	2.90	$2,324
Mar 2018	52	852	61.22	2.79	$5,558
Feb 2018	22	783	61.78	2.77	$3,525
Jan 2018	0	771	62.87	4.01	$3,091
Dec 2017	0	826	57.27	2.92	$2,413
Nov 2017	0	593	55.42	3.12	$1,849
Oct 2017	0	637	49.29	2.98	$1,901
Sep 2017	0	838	47.52	3.09	$2,587
Aug 2017	63	881	45.37	3.00	$5,505
Jul 2017	0	911	43.87	3.09	$2,813
Jun 2017	0	879	42.49	3.09	$2,714
May 2017	0	893	45.37	3.26	$2,914
Apr 2017	0	826	47.93	3.21	$2,653
Mar 2017	0	860	46.77	2.98	$2,566
Feb 2017	0	770	50.45	2.95	$2,274
Jan 2017	0	911	49.41	3.42	$3,115
Dec 2016	0	1,030	48.76	3.72	$3,835
Nov 2016	0	1,624	42.49	2.64	$4,294
Oct 2016	0	776	46.19	3.09	$2,398
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	359	41.62	2.92	$1,050
Jun 2016	152	939	45.35	2.69	$9,415
May 2016	0	995	42.52	1.99	$1,981
Apr 2016	0	949	36.56	1.99	$1,890
Mar 2016	0	889	33.01	1.79	$1,595
Feb 2016	0	812	26.47	2.06	$1,676
Jan 2016	0	1,008	27.35	2.36	$2,383
Dec 2015	0	1,049	32.36	2.00	$2,099
Nov 2015	0	1,016	38.79	2.17	$2,202
Oct 2015	0	1,034	43.55	2.43	$2,509
Sep 2015	0	1,014	42.99	2.76	$2,797
Aug 2015	0	976	40.16	2.87	$2,804
Jul 2015	0	1,032	48.15	2.95	$3,039
Jun 2015	0	1,050	56.15	2.88	$3,027
May 2015	0	1,058	55.21	2.96	$3,127
Apr 2015	0	1,011	49.82	2.71	$2,736
Mar 2015	0	1,117	42.89	2.93	$3,278
Feb 2015	0	942	44.66	2.98	$2,804
Jan 2015	0	1,328	43.43	3.10	$4,118
Dec 2014	0	1,243	54.69	3.59	$4,464
Nov 2014	0	1,203	70.46	4.25	$5,115
Oct 2014	0	1,244	78.30	3.90	$4,853
Sep 2014	0	1,210	86.16	4.05	$4,895
Aug 2014	162	1,196	89.39	4.04	$19,307
Jul 2014	0	1,185	96.56	4.18	$4,953
Jun 2014	0	1,131	98.16	4.74	$5,357
May 2014	0	1,108	94.73	4.73	$5,237
Apr 2014	0	1,157	95.94	4.81	$5,564
Mar 2014	0	1,209	95.89	5.06	$6,114
Feb 2014	0	1,190	97.40	6.19	$7,368
Jan 2014	0	1,108	90.40	4.86	$5,386
Dec 2013	0	1,237	91.82	4.35	$5,386
Nov 2013	1	1,206	88.85	3.74	$4,597
Oct 2013	1	1,288	97.42	3.78	$4,965
Sep 2013	1	1,288	104.11	3.72	$4,893
Aug 2013	3	1,329	104.25	3.52	$4,994
Jul 2013	3	1,293	102.52	3.72	$5,115
Jun 2013	1	1,404	94.40	3.93	$5,617
May 2013	1	1,283	94.83	4.15	$5,418
Apr 2013	2	1,317	93.96	4.28	$5,828
Mar 2013	2	1,354	93.62	3.91	$5,485
Feb 2013	2	1,242	91.23	3.42	$4,430
Jan 2013	64	1,395	91.60	3.42	$10,633
Dec 2012	0	1,424	86.77	3.42	$4,870
Nov 2012	0	1,430	86.95	3.62	$5,184
Oct 2012	0	1,481	89.38	3.40	$5,035
Sep 2012	0	1,441	94.67	2.92	$4,205
Aug 2012	0	1,466	92.66	2.91	$4,263
Jul 2012	0	1,535	85.13	3.02	$4,637
Jun 2012	0	1,442	79.82	2.52	$3,632
May 2012	170	1,464	91.61	2.49	$19,217
Apr 2012	0	1,425	101.65	2.00	$2,845
Mar 2012	0	1,498	105.05	2.22	$3,329
Feb 2012	0	1,441	101.10	2.57	$3,704
Jan 2012	0	1,581	98.09	2.73	$4,323
Dec 2011	0	1,626	96.87	3.24	$5,268
Nov 2011	0	1,447	95.72	3.31	$4,791
Oct 2011	0	1,550	84.98	3.65	$5,655
Sep 2011	0	1,540	83.62	3.99	$6,138
Aug 2011	0	1,623	83.40	4.15	$6,734
Jul 2011	0	1,601	94.14	4.52	$7,232
Jun 2011	0	1,603	92.90	4.64	$7,438
May 2011	0	1,394	98.13	4.40	$6,140
Apr 2011	0	1,372	105.96	4.33	$5,945
Mar 2011	0	1,492	96.36	4.06	$6,054
Feb 2011	1	1,444	85.64	4.18	$6,122
Jan 2011	0	1,496	86.50	4.59	$6,865
Dec 2010	3	1,647	85.73	4.35	$7,418
Nov 2010	3	1,678	80.84	3.80	$6,611
Oct 2010	0	1,631	78.10	3.51	$5,723
Sep 2010	3	1,766	72.63	3.98	$7,246
Aug 2010	0	1,762	73.68	4.42	$7,787
Jul 2010	0	1,857	72.55	4.74	$8,796
Jun 2010	0	2,091	70.36	4.91	$10,268
May 2010	0	1,964	71.12	4.24	$8,318
Apr 2010	0	1,911	81.69	4.12	$7,878
Mar 2010	0	1,783	78.39	4.39	$7,825
Feb 2010	0	1,449	73.58	5.44	$7,886
Jan 2010	0	1,612	74.36	5.96	$9,614
Dec 2009	0	3,993	71.44	5.48	$21,897
Nov 2009	0	1,991	74.59	3.75	$7,469
Oct 2009	0	1,773	72.54	4.11	$7,287
Sep 2009	2	2,083	65.54	3.06	$6,515
Aug 2009	0	2,212	67.42	3.22	$7,119
Jul 2009	168	2,166	61.13	3.46	$17,774
Jun 2009	6	1,904	66.16	3.90	$7,813
May 2009	0	1,978	54.74	3.93	$7,765
Apr 2009	0	2,091	46.77	3.59	$7,501
Mar 2009	0	2,330	42.14	4.06	$9,457
Feb 2009	2	2,217	32.81	4.63	$10,337
Jan 2009	1	2,481	35.86	5.37	$13,361
Dec 2008	0	2,841	37.10	5.98	$16,981
Nov 2008	0	3,082	55.49	6.86	$21,144
Oct 2008	0	3,476	75.24	6.92	$24,061
Sep 2008	0	3,148	101.76	7.88	$24,797
Aug 2008	141	3,328	114.22	8.48	$44,337
Jul 2008	0	3,349	131.08	11.39	$38,143
Jun 2008	5	3,249	131.33	13.03	$43,000
May 2008	0	3,422	123.17	11.57	$39,607
Apr 2008	0	3,411	110.31	10.45	$35,662
Mar 2008	6	3,544	101.90	9.66	$34,861
Feb 2008	4	3,491	92.53	8.77	$30,988
Jan 2008	0	3,898	90.38	8.21	$31,986
Dec 2007	0	4,115	88.33	7.30	$30,048
Nov 2007	0	4,091	91.67	7.29	$29,830
Oct 2007	0	4,390	82.85	6.92	$30,387
Sep 2007	168	4,383	75.84	6.24	$40,109
Aug 2007	0	4,883	69.06	6.39	$31,192
Jul 2007	99	5,379	70.90	6.39	$41,380
Jun 2007	11	5,712	62.00	7.55	$43,799
May 2007	13	6,431	58.74	7.85	$51,223
Apr 2007	10	6,647	59.61	7.81	$52,477
Mar 2007	14	7,212	56.92	7.30	$53,459
Feb 2007	1	7,433	55.10	8.22	$61,125
Jan 2007	0	9,162	50.30	6.73	$61,631
Dec 2006	0	13,249	56.65	6.92	$91,662
Nov 2006	0	17,650	54.20	7.62	$134,449
Oct 2006	0	3,849	54.90	6.01	$23,147

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 2018 — as filed, then multipliedworked

Condensate            30 bbl  × $ 60.18 =     $1,805
Gas                    0 Mcf  × $  3.08 =         $0

────────────────────────────────────────────────────
Month total                                   $1,805

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/223200 is the state's own key, not one this site invented.