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 224699District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.5 M
Sep 2006 – May 2026
Value, last 12 filed months
$112 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 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 Gas112007-03-22170900
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
CondensateDisposition9,819 bbl$700,835
GasProduction1,305,069 Mcf$6,784,121
Total$7,484,955

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 32.0568, -94.3944. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.05680, -94.39438 · 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
9,660 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 9,660 ft.

Completions filed
Sep 2006
1 of 1 wells

1 well

42-36536135109,660 ftSep 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 2026162,328106.413.05$8,793
Apr 2026172,24098.932.87$8,110
Mar 2026182,29389.753.15$8,837
Feb 2026192,04663.503.75$8,880
Jan 2026152,20759.138.00$18,538
Dec 2025172,26156.664.41$10,942
Nov 2025162,20158.593.93$9,580
Oct 2025152,12359.383.30$7,907
Sep 2025132,26062.743.08$7,769
Aug 202592,38063.933.01$7,751
Jul 202592,42666.743.32$8,643
Jun 202581,97666.483.13$6,714
May 2025102,05160.553.23$7,235
Apr 2025111,86062.363.54$7,276
Mar 2025112,26167.704.27$10,395
Feb 2025101,85770.884.34$8,770
Jan 2025112,32174.324.28$10,748
Dec 2024112,31668.993.12$7,988
Nov 202492,27169.052.20$5,614
Oct 2024102,37071.372.28$6,121
Sep 2024102,30269.612.36$6,139
Aug 2024142,36675.632.06$5,941
Jul 2024142,33979.932.15$6,140
Jun 2024122,27778.082.63$6,935
May 2024142,34778.812.20$6,263
Apr 2024132,25584.451.66$4,839
Mar 2024152,20780.301.55$4,615
Feb 2024151,88376.091.78$4,500
Jan 2024142,36573.023.30$8,821
Dec 2023142,46371.262.61$7,428
Nov 2023132,31277.892.81$7,504
Oct 2023132,55285.443.09$8,989
Sep 2023112,51289.042.74$7,850
Aug 2023122,60080.522.67$7,916
Jul 2023132,59874.852.64$7,836
Jun 2023122,51768.962.26$6,512
May 2023132,43270.622.23$6,335
Apr 2023132,35478.122.24$6,283
Mar 2023152,52972.852.39$7,145
Feb 2023132,25275.112.47$6,529
Jan 2023162,60076.533.39$10,033
Dec 2022162,39576.415.73$14,944
Nov 2022142,29385.005.65$14,137
Oct 2022152,36087.185.86$15,146
Sep 2022142,22284.888.16$19,328
Aug 2022162,06194.529.13$20,323
Jul 2022182,289101.587.54$19,092
Jun 2022172,012115.097.98$18,007
May 2022191,881109.378.43$17,941
Apr 2022202,156104.226.84$16,826
Mar 2022232,528108.885.08$15,337
Feb 2022212,31791.054.86$13,170
Jan 2022232,58581.844.54$13,612
Dec 2021222,61171.323.90$11,750
Nov 2021202,53577.435.24$14,824
Oct 2021192,52679.795.71$15,949
Sep 2021182,57069.865.35$15,009
Aug 2021192,65966.024.22$12,477
Jul 2021192,65670.783.98$11,921
Jun 2021192,58469.493.38$10,056
May 2021212,43863.483.02$8,690
Apr 2021182,54860.362.76$8,115
Mar 2021192,49361.302.72$7,938
Feb 2021182,13557.805.55$12,885
Jan 2021192,56750.412.81$8,172
Dec 2020182,58744.642.68$7,725
Nov 2020162,48038.772.71$7,333
Oct 2020162,43836.972.48$6,634
Sep 2020142,42537.091.99$5,348
Aug 2020152,39139.982.39$6,302
Jul 2020162,58338.371.83$5,328
Jun 2020172,43434.901.69$4,708
May 2020152,47716.921.81$4,749
Apr 2020452,49514.751.80$5,166
Mar 2020652,77130.341.86$7,116
Feb 2020642,59449.881.98$8,330
Jan 2020692,77957.252.09$9,772
Dec 2019622,76359.012.30$10,026
Nov 2019562,62755.302.75$10,323
Oct 2019572,90853.472.42$10,081
Sep 2019502,86955.052.66$10,376
Aug 2019622,97753.112.30$10,153
Jul 2019632,98356.272.46$10,883
Jun 2019642,88952.782.49$10,575
May 2019682,98458.482.74$12,154
Apr 2019702,87162.632.75$12,281
Mar 2019783,04756.803.06$13,761
Feb 2019702,73950.852.79$11,207
Jan 2019823,01146.033.23$13,495
Dec 2018823,02446.594.19$16,477
Nov 2018642,92652.934.24$15,786
Oct 2018703,11461.443.40$14,882
Sep 2018613,03859.543.11$13,074
Aug 2018653,10259.403.07$13,373
Jul 2018702,99765.142.93$13,347
Jun 2018593,09760.183.08$13,080
May 2018603,21065.382.90$13,234
Apr 2018583,09863.842.90$12,689
Mar 201803,33661.222.79$9,297
Feb 201803,10661.782.77$8,592
Jan 201803,30762.874.01$13,259
Dec 201703,50057.272.92$10,225
Nov 201703,48955.423.12$10,880
Oct 201703,65449.292.98$10,902
Sep 201703,46947.523.09$10,710
Aug 201703,66345.373.00$11,005
Jul 201703,81443.873.09$11,775
Jun 201703,69142.493.09$11,395
May 201703,79145.373.26$12,372
Apr 201703,85047.933.21$12,365
Mar 201751,74146.772.98$5,428
Feb 201751,46650.452.95$4,581
Jan 201761,44349.413.42$5,230
Dec 201661,49048.763.72$5,840
Nov 201651,46942.492.64$4,097
Oct 201641,64946.193.09$5,281
Sep 201631,69941.553.10$5,393
Aug 201631,80141.442.92$5,391
Jul 201642,10541.622.92$6,322
Jun 201642,33845.352.69$6,461
May 201642,36042.521.99$4,869
Apr 2016102,21936.561.99$4,784
Mar 2016253,81633.011.79$7,671
Feb 2016223,30426.472.06$7,401
Jan 2016253,86027.352.36$9,810
Dec 2015243,95032.362.00$8,682
Nov 2015253,87638.792.17$9,370
Oct 2015213,98843.552.43$10,592
Sep 2015213,93642.992.76$11,760
Aug 2015203,82340.162.87$11,785
Jul 2015234,05148.152.95$13,038
Jun 2015243,94356.152.88$12,715
May 2015254,11655.212.96$13,545
Apr 2015273,94249.822.71$12,014
Mar 2015273,86442.892.93$12,498
Feb 2015873,29044.662.98$13,677
Jan 20151103,99343.433.10$17,158
Dec 20141034,07554.693.59$20,268
Nov 2014933,79270.464.25$22,676
Oct 2014853,94278.303.90$22,033
Sep 2014824,00486.164.05$23,263
Aug 2014794,20589.394.04$24,029
Jul 2014424,33996.564.18$22,191
Jun 2014244,07198.164.74$21,640
May 2014334,32294.734.73$23,554
Apr 2014484,16295.944.81$24,621
Mar 2014373,92595.895.06$23,396
Feb 2014393,71897.406.19$26,820
Jan 2014454,09790.404.86$23,982
Dec 2013454,46391.824.35$23,566
Nov 2013444,53988.853.74$20,877
Oct 2013434,61797.423.78$21,638
Sep 2013404,458104.113.72$20,738
Aug 2013414,678104.253.52$20,753
Jul 2013444,498102.523.72$21,233
Jun 2013404,32994.403.93$20,804
May 2013424,39394.834.15$22,210
Apr 2013424,43793.964.28$22,948
Mar 2013314,68293.623.91$21,222
Feb 2013324,27991.233.42$17,553
Jan 2013344,78291.603.42$19,468
Dec 2012304,60586.773.42$18,353
Nov 2012364,53286.953.62$19,559
Oct 2012211,89889.383.40$8,330
Sep 2012273,89694.672.92$13,926
Aug 2012335,01592.662.91$17,642
Jul 2012355,44685.133.02$19,431
Jun 2012375,17679.822.52$15,992
May 2012405,62591.612.49$17,661
Apr 2012395,262101.652.00$14,472
Mar 2012345,038105.052.22$14,767
Feb 2012375,566101.102.57$18,047
Jan 2012365,43198.092.73$18,380
Dec 2011365,56696.873.24$21,520
Nov 2011335,54995.723.31$21,533
Oct 2011316,01384.983.65$24,573
Sep 2011305,94683.623.99$26,208
Aug 2011286,06683.404.15$27,505
Jul 2011336,38594.144.52$31,949
Jun 2011386,73492.904.64$34,775
May 2011426,78898.134.40$34,021
Apr 201100105.964.33$0
Mar 2011626,84096.364.06$33,727
Feb 2011697,14785.644.18$35,783
Jan 2011516,28686.504.59$33,257
Dec 2010606,76085.734.35$34,535
Nov 2010516,18880.843.80$27,608
Oct 2010466,23078.103.51$25,453
Sep 2010426,34172.633.98$28,284
Aug 2010406,83273.684.42$33,140
Jul 2010426,97572.554.74$36,084
Jun 2010526,88470.364.91$37,462
May 2010767,32371.124.24$36,420
Apr 2010787,10681.694.12$35,668
Mar 2010927,67678.394.39$40,899
Feb 2010897,27773.585.44$46,153
Jan 2010746,74774.365.96$45,742
Dec 2009837,05571.445.48$44,617
Nov 2009808,12774.593.75$36,456
Oct 2009848,76672.544.11$42,124
Sep 2009408,13165.543.06$27,541
Aug 2009368,98867.423.22$31,355
Jul 2009389,41161.133.46$34,927
Jun 2009388,85766.163.90$37,012
May 2009358,22554.743.93$34,205
Apr 2009758,72446.773.59$34,805
Mar 200910710,86342.144.06$48,602
Feb 2009514,48832.814.63$22,466
Jan 200910110,78135.865.37$61,527
Dec 20089810,53637.105.98$66,611
Nov 200810010,94955.496.86$80,663
Oct 20089612,20075.246.92$91,671
Sep 20086310,479101.767.88$88,955
Aug 20086812,261114.228.48$111,777
Jul 20086511,744131.0811.39$142,278
Jun 20087212,464131.3313.03$171,894
May 20088113,740123.1711.57$169,008
Apr 20088913,280110.3110.45$148,658
Mar 200811014,442101.909.66$150,778
Feb 200813013,83792.538.77$133,387
Jan 200813415,16490.388.21$136,543
Dec 200713415,47988.337.30$124,863
Nov 200711315,90491.677.29$126,326
Oct 200713916,34682.856.92$124,663
Sep 200711916,40675.846.24$111,467
Aug 200711517,40069.066.39$119,092
Jul 200711619,15370.906.39$130,573
Jun 200711619,58762.007.55$155,043
May 200712721,01758.747.85$172,365
Apr 200713021,39159.617.81$174,710
Mar 200723822,85356.927.30$180,419
Feb 200722522,53355.108.22$197,529
Jan 200723827,76850.306.73$198,763
Dec 20061630,79356.656.92$213,946
Nov 20061532,48354.207.62$248,252
Oct 20061640,39154.906.01$243,782
Sep 20061333,63660.085.04$170,212

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            16 bbl  × $106.41 =     $1,703
Gas                2,328 Mcf  × $  3.05 =     $7,091

────────────────────────────────────────────────────
Month total                                   $8,793

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/224699 is the state's own key, not one this site invented.