PANOLA 2 UNIT

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 226553District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.4 M
Nov 2006 – May 2026
Value, last 12 filed months
$79 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 Gas112007-07-10178106
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
CondensateDisposition14,889 bbl$1,035,474
GasProduction1,276,018 Mcf$6,413,426
Total$7,448,899

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 32.0253, -94.3286. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.02534, -94.32861 · 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
9,550 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 9,550 ft.

Completions filed
Nov 2006
1 of 1 wells

1 well

42-36536318119,550 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 202611,417106.413.05$4,422
Apr 20264645798.932.87$5,862
Mar 2026076489.753.15$2,406
Feb 202611,24263.503.75$4,721
Jan 202601,56659.138.00$12,525
Dec 202521,93056.664.41$8,631
Nov 202511,77758.593.93$7,036
Oct 2025411,96659.383.30$8,932
Sep 202531,69262.743.08$5,394
Aug 202501,90563.933.01$5,743
Jul 2025461,50366.743.32$8,053
Jun 202501,82366.483.13$5,704
May 202521,96260.553.23$6,463
Apr 202521,63562.363.54$5,918
Mar 202521,77167.704.27$7,695
Feb 202501,48170.884.34$6,429
Jan 202502,17074.324.28$9,285
Dec 2024302,31068.993.12$9,280
Nov 202402,37969.052.20$5,230
Oct 202402,30171.372.28$5,250
Sep 2024302,22769.612.36$7,354
Aug 202402,29275.632.06$4,730
Jul 202412,42479.932.15$5,283
Jun 2024302,06978.082.63$7,792
May 202412,17978.812.20$4,869
Apr 202402,19684.451.66$3,644
Mar 202402,30480.301.55$3,560
Feb 202402,21076.091.78$3,942
Jan 2024342,04073.023.30$9,210
Dec 202302,59271.262.61$6,767
Nov 202302,38277.892.81$6,688
Oct 2023352,52585.443.09$10,786
Sep 202302,26089.042.74$6,181
Aug 202302,46880.522.67$6,597
Jul 202302,34574.852.64$6,195
Jun 202302,48868.962.26$5,619
May 202302,62070.622.23$5,836
Apr 202302,49878.122.24$5,590
Mar 202302,61072.852.39$6,246
Feb 202301,18975.112.47$2,932
Jan 2023361,01476.533.39$6,190
Dec 202202,35976.415.73$13,515
Nov 202202,12185.005.65$11,976
Oct 2022422,23587.185.86$16,767
Sep 202202,55284.888.16$20,834
Aug 202203,02894.529.13$27,637
Jul 202202,990101.587.54$22,551
Jun 202202,678115.097.98$21,363
May 2022192,435109.378.43$22,612
Apr 2022242,646104.226.84$20,594
Mar 202202,595108.885.08$13,173
Feb 202201,94691.054.86$9,455
Jan 202202,07081.844.54$9,393
Dec 202102,33971.323.90$9,120
Nov 2021462,18077.435.24$14,978
Oct 202102,55379.795.71$14,588
Sep 202112,65769.865.35$14,287
Aug 202122,75366.024.22$11,751
Jul 202122,65870.783.98$10,726
Jun 2021493,26969.493.38$14,456
May 202113,71763.483.02$11,280
Apr 2021762,95460.362.76$12,736
Mar 202143,54461.302.72$9,874
Feb 202142,32657.805.55$13,136
Jan 202143,36950.412.81$9,669
Dec 202022,97944.642.68$8,059
Nov 2020392,60338.772.71$8,557
Oct 202013,28336.972.48$8,174
Sep 202032,69337.091.99$5,473
Aug 2020651,90739.982.39$7,147
Jul 202042,69338.371.83$5,069
Jun 202032,74234.901.69$4,740
May 202053,09016.921.81$5,692
Apr 2020412,91614.751.80$5,866
Mar 202033,24430.341.86$6,113
Feb 2020642,97449.881.98$9,083
Jan 2020133,31457.252.09$7,686
Dec 2019542,85659.012.30$9,768
Nov 201912,88155.302.75$7,980
Oct 2019553,70753.472.42$11,906
Sep 201912,97755.052.66$7,966
Aug 201902,74253.112.30$6,319
Jul 201903,12356.272.46$7,683
Jun 2019532,77152.782.49$9,700
May 201932,80658.482.74$7,865
Apr 2019512,81962.632.75$10,948
Mar 201902,78856.803.06$8,537
Feb 2019552,44350.852.79$9,618
Jan 2019622,96946.033.23$12,438
Dec 201812,87146.594.19$12,063
Nov 2018722,61252.934.24$14,879
Oct 201822,84461.443.40$9,787
Sep 201812,63759.543.11$8,255
Aug 2018713,21259.403.07$14,067
Jul 2018763,46165.142.93$15,098
Jun 201803,26060.183.08$10,031
May 2018762,99465.382.90$13,654
Apr 201801,97063.842.90$5,715
Mar 2018761,89361.222.79$9,928
Feb 201803,19361.782.77$8,832
Jan 2018753,36562.874.01$18,207
Dec 2017873,71557.272.92$15,836
Nov 2017923,42455.423.12$15,776
Oct 201703,81149.292.98$11,371
Sep 2017963,81347.523.09$16,334
Aug 201704,25345.373.00$12,778
Jul 2017984,22543.873.09$17,343
Jun 20171024,19242.493.09$17,276
May 201724,59045.373.26$15,070
Apr 2017964,28147.933.21$18,350
Mar 2017893,53246.772.98$14,701
Feb 2017903,86250.452.95$15,943
Jan 201703,95149.413.42$13,508
Dec 2016933,95948.763.72$19,273
Nov 2016904,08542.492.64$14,626
Oct 201604,19346.193.09$12,957
Sep 2016963,76441.553.10$15,660
Aug 20161304,09241.442.92$17,354
Jul 201624,24641.622.92$12,500
Jun 2016394,16845.352.69$12,963
May 201684,89342.521.99$10,082
Apr 20161154,46936.561.99$13,102
Mar 20161162,81633.011.79$8,881
Feb 20161143,25426.472.06$9,733
Jan 20161214,70127.352.36$14,424
Dec 201514,46932.362.00$8,977
Nov 20151274,19938.792.17$14,027
Oct 20151204,50543.552.43$16,158
Sep 20151144,42842.992.76$17,115
Aug 201565,17040.162.87$15,092
Jul 2015815,55148.152.95$20,248
Jun 2015921556.152.88$5,209
May 20151264,94455.212.96$21,568
Apr 2015895,08849.822.71$18,205
Mar 201524,71442.892.93$13,920
Feb 2015874,52344.662.98$17,347
Jan 2015905,36143.433.10$20,531
Dec 2014634,95454.693.59$21,237
Nov 2014544,66970.464.25$23,657
Oct 201404,52378.303.90$17,644
Sep 2014584,73986.164.05$24,169
Aug 2014544,82089.394.04$24,276
Jul 201434,26896.564.18$18,128
Jun 2014674,31998.164.74$27,035
May 201474,36594.734.73$21,295
Apr 2014914,22595.944.81$29,049
Mar 2014634,55595.895.06$29,075
Feb 2014584,40897.406.19$32,944
Jan 2014574,12890.404.86$25,218
Dec 2013582,93091.824.35$18,084
Nov 2013552,58088.853.74$14,532
Oct 2013515,80297.423.78$26,896
Sep 2013483,543104.113.72$18,169
Aug 201334,790104.253.52$17,186
Jul 2013515,391102.523.72$25,271
Jun 2013534,67494.403.93$23,388
May 20131005,35794.834.15$31,710
Apr 201325,04693.964.28$21,798
Mar 2013965,22793.623.91$29,440
Feb 2013494,55691.233.42$20,051
Jan 2013585,12891.603.42$22,850
Dec 2012645,60586.773.42$24,723
Nov 2012865,27386.953.62$26,592
Oct 2012965,58689.383.40$27,571
Sep 2012995,35194.672.92$24,989
Aug 2012955,98692.662.91$26,211
Jul 2012936,39085.133.02$27,220
Jun 2012947,34079.822.52$25,993
May 201257,64991.612.49$19,491
Apr 20122654101.652.00$1,509
Mar 20121577,076105.052.22$32,216
Feb 2012906,706101.102.57$26,335
Jan 2012837,30298.092.73$28,106
Dec 20111537,12096.873.24$37,888
Nov 201166,83595.723.31$23,207
Oct 2011827,50484.983.65$34,347
Sep 2011837,72383.623.99$37,723
Aug 2011798,03783.404.15$39,937
Jul 2011768,70494.144.52$46,473
Jun 2011688,75792.904.64$46,949
May 2011726,18398.134.40$34,300
Apr 20111244,926105.964.33$34,485
Mar 2011645,46496.364.06$28,336
Feb 20111315,21985.644.18$33,034
Jan 2011676,11586.504.59$33,856
Dec 20101246,18285.734.35$37,508
Nov 2010626,15080.843.80$28,353
Oct 20101146,45878.103.51$31,564
Sep 2010616,38172.633.98$29,823
Aug 2010576,76573.684.42$34,097
Jul 20101197,15272.554.74$42,509
Jun 2010617,10770.364.91$39,190
May 20101206,97771.124.24$38,084
Apr 20101327,29581.694.12$40,858
Mar 20101407,60878.394.39$44,364
Feb 20101986,65373.585.44$50,777
Jan 20101458,17474.365.96$59,533
Dec 20091398,40271.445.48$56,005
Nov 20091328,16774.593.75$40,484
Oct 20091728,40172.544.11$47,007
Sep 20091218,58365.543.06$34,235
Aug 20091799,14667.423.22$41,505
Jul 20091169,52361.133.46$40,084
Jun 20091269,36166.163.90$44,797
May 20091259,04054.743.93$42,331
Apr 20092548,41346.773.59$42,061
Mar 200921710,02342.144.06$49,828
Feb 20093258,24332.814.63$48,853
Jan 20094739,68035.865.37$68,953
Dec 20084479,87737.105.98$75,620
Nov 20082289,47655.496.86$77,660
Oct 200810510,73175.246.92$82,180
Sep 20081089,596101.767.88$86,579
Aug 200811411,269114.228.48$108,616
Jul 200810711,596131.0811.39$146,097
Jun 200811511,580131.3313.03$166,021
May 200827011,703123.1711.57$168,710
Apr 200815012,146110.3110.45$143,531
Mar 200815212,339101.909.66$134,734
Feb 200829912,22792.538.77$134,904
Jan 200815713,23690.388.21$122,801
Dec 200722513,37588.337.30$117,538
Nov 200713413,91091.677.29$113,711
Oct 20077214,79982.856.92$108,404
Sep 200713615,20275.846.24$105,238
Aug 200715316,22469.066.39$114,204
Jul 200715716,96570.906.39$119,503
Jun 20075016,18262.007.55$125,249
May 20075920,55358.747.85$164,730
Apr 20078221,42059.617.81$172,075
Mar 20079523,95956.927.30$180,355
Feb 200710522,85055.108.22$193,521
Jan 200710927,45350.306.73$190,155
Dec 20069533,48656.656.92$237,053
Nov 20062833,63354.207.62$257,716

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             1 bbl  × $106.41 =       $106
Gas                1,417 Mcf  × $  3.05 =     $4,316

────────────────────────────────────────────────────
Month total                                   $4,422

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/226553 is the state's own key, not one this site invented.