GRAVES ESTATE

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) 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 223616District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.4 M
Nov 2006 – May 2026
Value, last 12 filed months
$103 k
at the published price for each month
Months reported
235
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 Gas112007-01-26172395
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
CondensateDisposition9,234 bbl$684,814
GasProduction957,313 Mcf$4,681,412
Total$5,366,226

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 32.0617, -94.3966. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.06169, -94.39661 · 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
9,650 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 9,650 ft.

Completions filed
Nov 2006
1 of 1 wells

1 well

42-36536137129,650 ftNov 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 (235)

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

235 months

May 2026222,193106.413.05$9,021
Apr 2026231,94398.932.87$7,851
Mar 2026251,92989.753.15$8,319
Feb 2026261,73963.503.75$8,173
Jan 2026211,93959.138.00$16,750
Dec 2025241,99856.664.41$10,178
Nov 2025221,92958.593.93$8,863
Oct 2025202,18759.383.30$8,415
Sep 2025171,78662.743.08$6,562
Aug 202581,96263.933.01$6,426
Jul 202521,95666.743.32$6,618
Jun 202521,90566.483.13$6,093
May 202521,93960.553.23$6,389
Apr 202522,00062.363.54$7,211
Mar 202521,78167.704.27$7,737
Feb 202521,70970.884.34$7,560
Jan 202522,16874.324.28$9,425
Dec 202422,24168.993.12$7,133
Nov 202422,14669.052.20$4,856
Oct 202422,24971.372.28$5,274
Sep 202452,25269.612.36$5,673
Aug 2024182,28975.632.06$6,085
Jul 2024182,17479.932.15$6,105
Jun 2024152,15578.082.63$6,847
May 2024182,09578.812.20$6,024
Apr 2024172,09984.451.66$4,918
Mar 2024192,15380.301.55$4,852
Feb 2024181,97476.091.78$4,891
Jan 2024141,75773.023.30$6,816
Dec 2023172,14371.262.61$6,806
Nov 2023172,18077.892.81$7,445
Oct 2023182,36385.443.09$8,833
Sep 2023142,14189.042.74$7,102
Aug 2023152,07280.522.67$6,746
Jul 2023182,22474.852.64$7,223
Jun 2023152,23168.962.26$6,073
May 2023162,17270.622.23$5,968
Apr 2023182,18378.122.24$6,291
Mar 2023192,23972.852.39$6,742
Feb 2023172,04875.112.47$6,327
Jan 2023202,24576.533.39$9,136
Dec 2022222,16476.415.73$14,079
Nov 2022192,15485.005.65$13,777
Oct 2022212,23287.185.86$14,919
Sep 2022202,30384.888.16$20,499
Aug 2022242,39194.529.13$24,092
Jul 2022242,362101.587.54$20,252
Jun 2022232,369115.097.98$21,545
May 2022251,923109.378.43$18,951
Apr 2022261,748104.226.84$14,662
Mar 2022312,327108.885.08$15,188
Feb 2022282,04091.054.86$12,461
Jan 2022292,18081.844.54$12,266
Dec 2021292,21071.323.90$10,685
Nov 2021272,11477.435.24$13,161
Oct 2021252,49479.795.71$16,245
Sep 2021242,29069.865.35$13,930
Aug 2021262,25566.024.22$11,234
Jul 2021262,47370.783.98$11,688
Jun 2021252,37669.493.38$9,770
May 2021282,51763.483.02$9,373
Apr 2021272,52860.362.76$8,603
Mar 2021312,63661.302.72$9,062
Feb 2021241,93457.805.55$12,117
Jan 2021322,45550.412.81$8,512
Dec 2020312,50544.642.68$8,086
Nov 2020282,48838.772.71$7,820
Oct 2020282,58236.972.48$7,434
Sep 2020262,43237.091.99$5,807
Aug 2020262,46039.982.39$6,907
Jul 2020282,43738.371.83$5,522
Jun 2020312,49034.901.69$5,291
May 2020222,57016.921.81$5,036
Apr 2020292,18514.751.80$4,370
Mar 2020302,36330.341.86$5,296
Feb 2020302,06049.881.98$5,577
Jan 2020322,25757.252.09$6,560
Dec 2019292,31059.012.30$7,034
Nov 2019262,06155.302.75$7,107
Oct 2019262,34853.472.42$7,069
Sep 2019222,15855.052.66$6,946
Aug 201971,80453.112.30$4,529
Jul 201942,55956.272.46$6,520
Jun 201942,42352.782.49$6,247
May 201942,50558.482.74$7,098
Apr 201952,18662.632.75$6,326
Mar 2019172,92256.803.06$9,913
Feb 2019152,58450.852.79$7,978
Jan 2019182,93846.033.23$10,313
Dec 2018183,03546.594.19$13,541
Nov 2018143,05152.934.24$13,669
Oct 2018152,78761.443.40$10,392
Sep 2018132,69259.543.11$9,141
Aug 2018142,97059.403.07$9,939
Jul 2018152,99565.142.93$9,758
Jun 2018132,90960.183.08$9,733
May 2018133,05765.382.90$9,718
Apr 2018132,89463.842.90$9,225
Mar 2018262,99361.222.79$9,933
Feb 2018322,61261.782.77$9,202
Jan 2018392,85662.874.01$13,903
Dec 2017352,85657.272.92$10,348
Nov 2017372,78955.423.12$10,748
Oct 2017342,85749.292.98$10,200
Sep 2017312,75847.523.09$9,988
Aug 2017352,82045.373.00$10,060
Jul 2017152,88743.873.09$9,571
Jun 2017382,81442.493.09$10,302
May 2017152,98745.373.26$10,428
Apr 201722,89747.933.21$9,400
Mar 201733,07746.772.98$9,321
Feb 201722,62550.452.95$7,851
Jan 201733,25949.413.42$11,290
Dec 201633,31848.763.72$12,499
Nov 201623,21042.492.64$8,573
Oct 201623,30146.193.09$10,293
Sep 201623,16041.553.10$9,881
Aug 201623,42641.442.92$10,102
Jul 201623,55241.622.92$10,471
Jun 201623,48345.352.69$9,445
May 201623,50542.521.99$7,064
Apr 201623,39036.561.99$6,823
Mar 201633,59233.011.79$6,543
Feb 201633,19226.472.06$6,667
Jan 201633,66927.352.36$8,757
Dec 201533,61132.362.00$7,324
Nov 201533,60838.792.17$7,936
Oct 201523,81243.552.43$9,337
Sep 201523,67542.992.76$10,223
Aug 201523,82440.162.87$11,065
Jul 201533,94648.152.95$11,766
Jun 201533,86856.152.88$11,319
May 201534,11055.212.96$12,313
Apr 201533,56049.822.71$9,785
Mar 201544,13042.892.93$12,292
Feb 2015173,82744.662.98$12,149
Jan 2015194,40643.433.10$14,487
Dec 2014194,59354.693.59$17,534
Nov 2014164,52770.464.25$20,375
Oct 2014154,55078.303.90$18,924
Sep 2014123,79886.164.05$16,399
Aug 2014103,44989.394.04$14,811
Jul 201473,41996.564.18$14,966
Jun 201453,45898.164.74$16,871
May 201474,05194.734.73$19,810
Apr 201493,27895.944.81$16,628
Mar 2014114,30595.895.06$22,824
Feb 201483,07297.406.19$19,801
Jan 2014103,75690.404.86$19,161
Dec 2013114,26091.824.35$19,560
Nov 201383,31788.853.74$13,111
Oct 201383,33197.423.78$13,368
Sep 201373,245104.113.72$12,793
Aug 201373,408104.253.52$12,735
Jul 201383,431102.523.72$13,576
Jun 201383,39794.403.93$14,117
May 2013104,05594.834.15$17,773
Apr 2013143,21093.964.28$15,063
Mar 2013443,60693.623.91$18,229
Feb 2013443,19291.233.42$14,930
Jan 2013483,74891.603.42$17,215
Dec 2012453,73586.773.42$16,679
Nov 2012453,83186.953.62$17,800
Oct 2012312,83289.383.40$12,399
Sep 2012293,84694.672.92$13,970
Aug 2012303,99292.662.91$14,389
Jul 2012304,09485.133.02$14,921
Jun 2012334,09379.822.52$12,944
May 2012273,81191.612.49$11,956
Apr 2012293,921101.652.00$10,777
Mar 2012263,496105.052.22$10,500
Feb 2012613,961101.102.57$16,348
Jan 2012654,32798.092.73$18,206
Dec 2011614,17996.873.24$19,448
Nov 2011554,12095.723.31$18,907
Oct 2011494,19384.983.65$19,462
Sep 2011463,97783.623.99$19,698
Aug 2011454,14983.404.15$20,969
Jul 2011504,20294.144.52$23,688
Jun 2011524,08592.904.64$23,785
May 2011624,36198.134.40$25,293
Apr 201100105.964.33$0
Mar 2011494,26596.364.06$22,026
Feb 2011473,84885.644.18$20,110
Jan 2011444,30386.504.59$23,552
Dec 2010504,38385.734.35$23,343
Nov 2010464,37180.843.80$20,308
Oct 2010454,77778.103.51$20,276
Sep 2010514,65572.633.98$22,229
Aug 2010514,93873.684.42$25,580
Jul 2010534,95572.554.74$27,314
Jun 2010434,68670.364.91$26,036
May 2010444,89271.124.24$23,848
Apr 2010464,75481.694.12$23,357
Mar 2010514,89278.394.39$25,467
Feb 2010494,58373.585.44$28,548
Jan 2010475,14074.365.96$34,150
Dec 2009475,40771.445.48$33,008
Nov 2009395,27574.593.75$22,698
Oct 2009425,83272.544.11$27,018
Sep 2009395,80565.543.06$20,347
Aug 2009375,38067.423.22$19,810
Jul 2009385,47761.133.46$21,298
Jun 2009435,69466.163.90$25,023
May 2009506,86754.743.93$29,695
Apr 20091085,64046.773.59$25,285
Mar 20091597,26042.144.06$36,169
Feb 2009532,07832.814.63$11,366
Jan 20091256,01135.865.37$36,768
Dec 20081195,76537.105.98$38,873
Nov 20081225,99755.496.86$47,911
Oct 20081196,55775.246.92$54,341
Sep 20081035,872101.767.88$56,736
Aug 2008966,150114.228.48$63,136
Jul 2008935,891131.0811.39$79,286
Jun 20081046,399131.3313.03$97,054
May 20081297,720123.1711.57$105,242
Apr 20081688,876110.3110.45$111,329
Mar 20082039,647101.909.66$113,915
Feb 200822610,55592.538.77$113,485
Jan 200822411,09390.388.21$111,271
Dec 200719810,08088.337.30$91,093
Nov 20071569,69391.677.29$84,979
Oct 200719810,25682.856.92$87,396
Sep 200717910,86875.846.24$81,437
Aug 200717311,56469.066.39$85,818
Jul 200717512,68670.906.39$93,445
Jun 200717613,08362.007.55$109,668
May 200719714,34058.747.85$124,087
Apr 200715814,97359.617.81$126,286
Mar 200729816,41356.927.30$136,809
Feb 200727915,97255.108.22$146,599
Jan 200733820,60550.306.73$155,608
Dec 20061025,43756.656.92$176,551
Nov 2006523,35054.207.62$178,139

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            22 bbl  × $106.41 =     $2,341
Gas                2,193 Mcf  × $  3.05 =     $6,680

────────────────────────────────────────────────────
Month total                                   $9,021

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/223616 is the state's own key, not one this site invented.