RICHARDS

Operated by EQV OPERATING LLC (P-5 101634) in the CARTHAGE, S. (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 229697District 06Field 160372002 tax incentive programmesCondensateGasSaveExport
Value, all time
$844 k
May 2007 – May 2026
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
229
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 101 leases and 101 wells, and the rule below applies to all of them.

Discovered
1978-02-20
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 11/01/97.

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 Gas112007-10-18176416
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
CondensateDisposition1,103 bbl$85,871
GasProduction113,377 Mcf$758,472
Total$844,344

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 31.9563, -94.1185. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.95630, -94.11852 · 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
9,800 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 9,800 ft.

Completions filed
May 2007
1 of 1 wells

1 well

42-4193113519,800 ftMay 2007

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 (229)

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

229 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 202668063.503.75$4,318
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 202401573.023.30$49
Dec 202304371.262.61$112
Nov 2023016477.892.81$460
Oct 2023012485.443.09$383
Sep 2023013489.042.74$367
Aug 202309880.522.67$262
Jul 2023028074.852.64$740
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 202302975.112.47$72
Jan 20230076.533.39$0
Dec 202202276.415.73$126
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 202203284.888.16$261
Aug 202203694.529.13$329
Jul 2022087101.587.54$656
Jun 2022045115.097.98$359
May 2022045109.378.43$379
Apr 20220157104.226.84$1,074
Mar 2022076108.885.08$386
Feb 202206091.054.86$292
Jan 202206781.844.54$304
Dec 202108171.323.90$316
Nov 202102777.435.24$141
Oct 202105679.795.71$320
Sep 2021018969.865.35$1,011
Aug 2021012766.024.22$536
Jul 202103070.783.98$119
Jun 2021012769.493.38$429
May 2021021463.483.02$646
Apr 2021029060.362.76$800
Mar 20210061.302.72$0
Feb 202102057.805.55$111
Jan 202106850.412.81$191
Dec 2020010644.642.68$284
Nov 202002438.772.71$65
Oct 202002436.972.48$59
Sep 202008137.091.99$161
Aug 202001939.982.39$45
Jul 20207011738.371.83$2,899
Jun 202004334.901.69$73
May 202001816.921.81$33
Apr 2020012114.751.80$218
Mar 2020013930.341.86$258
Feb 2020015549.881.98$307
Jan 202004957.252.09$103
Dec 2019014359.012.30$330
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190255.052.66$5
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 201905158.482.74$140
Apr 2019017862.632.75$490
Mar 20190556.803.06$15
Feb 201907550.852.79$209
Jan 2019015346.033.23$494
Dec 20180646.594.19$25
Nov 20180052.934.24$0
Oct 2018011261.443.40$381
Sep 201805159.543.11$159
Aug 2018013759.403.07$420
Jul 201806865.142.93$199
Jun 20180260.183.08$6
May 20180265.382.90$6
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 201702555.423.12$78
Oct 201702449.292.98$72
Sep 2017020147.523.09$621
Aug 2017015045.373.00$451
Jul 20170443.873.09$12
Jun 201708642.493.09$266
May 201707345.373.26$238
Apr 201705147.933.21$164
Mar 201701446.772.98$42
Feb 2017025250.452.95$744
Jan 2017011949.413.42$407
Dec 2016029548.763.72$1,098
Nov 201608342.492.64$219
Oct 201605446.193.09$167
Sep 201609941.553.10$307
Aug 201609341.442.92$272
Jul 201608141.622.92$237
Jun 201605745.352.69$153
May 201607842.521.99$155
Apr 2016058436.561.99$1,163
Mar 2016063333.011.79$1,136
Feb 201602826.472.06$58
Jan 201605627.352.36$132
Dec 201504332.362.00$86
Nov 201504838.792.17$104
Oct 201507043.552.43$170
Sep 201508042.992.76$221
Aug 2015017240.162.87$494
Jul 201507848.152.95$230
Jun 2015016656.152.88$479
May 201507855.212.96$231
Apr 201502549.822.71$68
Mar 2015010342.892.93$302
Feb 201509844.662.98$292
Jan 2015013143.433.10$406
Dec 2014015754.693.59$564
Nov 2014016770.464.25$710
Oct 2014013178.303.90$511
Sep 2014014386.164.05$579
Aug 2014017289.394.04$694
Jul 2014023196.564.18$965
Jun 2014023398.164.74$1,104
May 2014027594.734.73$1,300
Apr 2014040895.944.81$1,962
Mar 2014046295.895.06$2,336
Feb 2014043697.406.19$2,700
Jan 2014246290.404.86$2,426
Dec 2013064591.824.35$2,809
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 2013430104.113.72$4,477
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 201304694.403.93$181
May 2013027094.834.15$1,120
Apr 2013016293.964.28$694
Mar 201304493.623.91$172
Feb 2013015691.233.42$534
Jan 2013022791.603.42$776
Dec 201202486.773.42$82
Nov 2012027586.953.62$997
Oct 2012014089.383.40$476
Sep 2012014694.672.92$426
Aug 2012014692.662.91$425
Jul 2012016285.133.02$489
Jun 2012026179.822.52$657
May 2012010391.612.49$256
Apr 20120119101.652.00$238
Mar 2012082105.052.22$182
Feb 20120239101.102.57$614
Jan 2012046798.092.73$1,277
Dec 2011015896.873.24$512
Nov 2011014095.723.31$464
Oct 2011023884.983.65$868
Sep 201104283.623.99$167
Aug 2011011183.404.15$461
Jul 2011021894.144.52$985
Jun 2011030492.904.64$1,411
May 2011015398.134.40$674
Apr 201115895105.964.33$17,153
Mar 20110896.364.06$32
Feb 201105585.644.18$230
Jan 2011022486.504.59$1,028
Dec 2010017685.734.35$765
Nov 2010023080.843.80$873
Oct 201005778.103.51$200
Sep 2010029072.633.98$1,154
Aug 2010012573.684.42$552
Jul 2010013972.554.74$658
Jun 2010022270.364.91$1,090
May 2010054871.124.24$2,321
Apr 2010040681.694.12$1,674
Mar 2010050778.394.39$2,225
Feb 2010056073.585.44$3,048
Jan 2010069074.365.96$4,115
Dec 2009092771.445.48$5,083
Nov 2009085574.593.75$3,208
Oct 200901,28472.544.11$5,278
Sep 2009077065.543.06$2,360
Aug 2009067267.423.22$2,163
Jul 2009085761.133.46$2,969
Jun 2009080666.163.90$3,139
May 200901,28154.743.93$5,029
Apr 200901,11346.773.59$3,993
Mar 20091951,10442.144.06$12,698
Feb 200901,33432.814.63$6,180
Jan 200901,55435.865.37$8,347
Dec 200802,08837.105.98$12,480
Nov 200801,87055.496.86$12,829
Oct 200802,06275.246.92$14,273
Sep 200802,534101.767.88$19,961
Aug 200802,752114.228.48$23,345
Jul 200803,157131.0811.39$35,956
Jun 200803,266131.3313.03$42,565
May 200803,613123.1711.57$41,818
Apr 200802,837110.3110.45$29,660
Mar 20081802,521101.909.66$42,705
Feb 200802,99992.538.77$26,303
Jan 200803,67990.388.21$30,189
Dec 200705,09988.337.30$37,233
Nov 20071853,54991.677.29$42,837
Oct 200704,58682.856.92$31,744
Sep 200706,49175.846.24$40,531
Aug 20072028,23069.066.39$66,523
Jul 2007010,42970.906.39$66,620
Jun 200707,51562.007.55$56,727
May 20070058.747.85$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.

Feb 2026 — as filed, then multipliedworked
Condensate            68 bbl  × $ 63.50 =     $4,318
Gas                    0 Mcf  × $  3.75 =         $0

────────────────────────────────────────────────────
Month total                                   $4,318

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/229697 is the state's own key, not one this site invented.