PROPES GAS UNIT

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

Gas lease lease 230829District 06Field 390262002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.9 M
Aug 2007 – May 2026
Value, last 12 filed months
$17 k
at the published price for each month
Months reported
226
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 91 leases and 91 wells, and the rule below applies to all of them.

Discovered
1985-02-08
as the register files it
Field class
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 20 acres. The field rule took effect on 2010-11-30.

The Commission's schedule remark for this field reads: STACKED LATERAL INFORMATION. ALLOCATION FORMULA REMAINS SUSPENDED.

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 Gas112008-07-23184481
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
CondensateDisposition874 bbl$68,582
GasProduction318,181 Mcf$1,833,593
Total$1,902,176

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 32.3844, -94.3313. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.38441, -94.33129 · 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
10,240 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 10,240 ft.

Completions filed
Aug 2007
1 of 1 wells

1 well

42-20333876110,240 ftAug 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 (226)

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

226 months

May 202652205106.413.05$6,158
Apr 2026027498.932.87$786
Mar 2026026589.753.15$835
Feb 202608363.503.75$311
Jan 2026018459.138.00$1,472
Dec 2025027956.664.41$1,231
Nov 2025028658.593.93$1,123
Oct 2025027959.383.30$922
Sep 2025030662.743.08$942
Aug 2025029563.933.01$889
Jul 2025031266.743.32$1,034
Jun 2025030966.483.13$967
May 2025016560.553.23$533
Apr 2025017462.363.54$617
Mar 2025019567.704.27$832
Feb 2025015870.884.34$686
Jan 2025017674.324.28$753
Dec 2024014068.993.12$437
Nov 202408469.052.20$185
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 2024012079.932.15$258
Jun 202406178.082.63$161
May 2024014878.812.20$325
Apr 202401284.451.66$20
Mar 2024036680.301.55$566
Feb 2024034576.091.78$615
Jan 20240073.023.30$0
Dec 2023021571.262.61$561
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 202306589.042.74$178
Aug 2023017380.522.67$462
Jul 202301074.852.64$26
Jun 2023021468.962.26$483
May 2023051870.622.23$1,154
Apr 2023052978.122.24$1,184
Mar 202311,24772.852.39$3,057
Feb 202302,42375.112.47$5,974
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 202222,53194.529.13$23,290
Jul 202201,556101.587.54$11,735
Jun 2022059115.097.98$471
May 2022015109.378.43$127
Apr 2022029104.226.84$198
Mar 2022014108.885.08$71
Feb 202202091.054.86$97
Jan 202201781.844.54$77
Dec 202102971.323.90$113
Nov 20210977.435.24$47
Oct 202102379.795.71$131
Sep 202103069.865.35$161
Aug 202101366.024.22$55
Jul 202101470.783.98$56
Jun 202101969.493.38$64
May 20210763.483.02$21
Apr 202101660.362.76$44
Mar 20210661.302.72$16
Feb 20210057.805.55$0
Jan 20210750.412.81$20
Dec 202002644.642.68$70
Nov 202003138.772.71$84
Oct 202002436.972.48$59
Sep 202002237.091.99$44
Aug 202001539.982.39$36
Jul 202001738.371.83$31
Jun 202001834.901.69$30
May 202001916.921.81$34
Apr 202002014.751.80$36
Mar 202001730.341.86$32
Feb 202001849.881.98$36
Jan 20200657.252.09$13
Dec 20190359.012.30$7
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 201901256.272.46$30
Jun 20190052.782.49$0
May 201903258.482.74$88
Apr 201905562.632.75$151
Mar 201908756.803.06$266
Feb 201904150.852.79$114
Jan 201903046.033.23$97
Dec 20180046.594.19$0
Nov 2018147052.934.24$7,781
Oct 201805161.443.40$173
Sep 201807059.543.11$218
Aug 201809359.403.07$285
Jul 201806965.142.93$202
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 201804263.842.90$122
Mar 201807061.222.79$195
Feb 201806361.782.77$174
Jan 201807462.874.01$297
Dec 201707057.272.92$205
Nov 201706255.423.12$193
Oct 201704249.292.98$125
Sep 201704947.523.09$151
Aug 201706245.373.00$186
Jul 201705143.873.09$157
Jun 201705742.493.09$176
May 201705045.373.26$163
Apr 201709247.933.21$295
Mar 201706546.772.98$194
Feb 201708750.452.95$257
Jan 201708649.413.42$294
Dec 201609448.763.72$350
Nov 201605042.492.64$132
Oct 201604946.193.09$151
Sep 201609741.553.10$301
Aug 201609741.442.92$284
Jul 2016012341.622.92$360
Jun 201608145.352.69$218
May 201603342.521.99$66
Apr 2016010836.561.99$215
Mar 2016011933.011.79$213
Feb 2016010626.472.06$219
Jan 2016013727.352.36$324
Dec 2015020332.362.00$406
Nov 2015016538.792.17$358
Oct 201509843.552.43$238
Sep 201508942.992.76$246
Aug 2015013240.162.87$379
Jul 2015018548.152.95$545
Jun 2015017056.152.88$490
May 2015014155.212.96$417
Apr 20150049.822.71$0
Mar 2015032842.892.93$963
Feb 2015028344.662.98$842
Jan 2015037043.433.10$1,147
Dec 2014066454.693.59$2,385
Nov 2014076370.464.25$3,244
Oct 2014086778.303.90$3,382
Sep 2014095586.164.05$3,863
Aug 201401,05989.394.04$4,273
Jul 2014096096.564.18$4,012
Jun 201401,01298.164.74$4,794
May 201401,06094.734.73$5,010
Apr 2014099095.944.81$4,761
Mar 201401,27195.895.06$6,427
Feb 201401,24897.406.19$7,728
Jan 201401,56290.404.86$7,592
Dec 201301,59891.824.35$6,958
Nov 201301,50088.853.74$5,607
Oct 201301,59397.423.78$6,021
Sep 201301,315104.113.72$4,889
Aug 201301,648104.253.52$5,805
Jul 201301,673102.523.72$6,220
Jun 20131481,48194.403.93$19,797
May 201301,45894.834.15$6,049
Apr 201301,58693.964.28$6,792
Mar 201301,69493.623.91$6,628
Feb 201301,51991.233.42$5,195
Jan 201301,76391.603.42$6,029
Dec 201201,80186.773.42$6,160
Nov 201201,76886.953.62$6,409
Oct 201221,84789.383.40$6,458
Sep 201211,77894.672.92$5,284
Aug 201221,88892.662.91$5,676
Jul 201231,88485.133.02$5,947
Jun 201211,81779.822.52$4,657
May 201211,91091.612.49$4,844
Apr 201201,888101.652.00$3,770
Mar 201201,990105.052.22$4,422
Feb 201201,899101.102.57$4,881
Jan 201202,07498.092.73$5,670
Dec 201102,12096.873.24$6,868
Nov 201102,09095.723.31$6,921
Oct 201102,17884.983.65$7,947
Sep 201102,25983.623.99$9,004
Aug 201102,40783.404.15$9,987
Jul 20111722,51694.144.52$27,557
Jun 201102,65392.904.64$12,310
May 201102,93398.134.40$12,919
Apr 201102,510105.964.33$10,877
Mar 201102,15896.364.06$8,756
Feb 201102,81185.644.18$11,750
Jan 201102,33986.504.59$10,733
Dec 201002,19185.734.35$9,526
Nov 201002,25280.843.80$8,547
Oct 201002,53678.103.51$8,899
Sep 201002,26972.633.98$9,029
Aug 201002,16273.684.42$9,555
Jul 201002,67072.554.74$12,646
Jun 201002,48270.364.91$12,188
May 201002,91871.124.24$12,358
Apr 201002,61581.694.12$10,781
Mar 201002,94478.394.39$12,920
Feb 201002,82473.585.44$15,369
Jan 201003,17274.365.96$18,918
Dec 200903,47371.445.48$19,045
Nov 200903,27174.593.75$12,271
Oct 200903,60772.544.11$14,826
Sep 200903,60865.543.06$11,058
Aug 200903,78967.423.22$12,195
Jul 200904,15461.133.46$14,392
Jun 200904,17066.163.90$16,242
May 200903,49654.743.93$13,724
Apr 20091683,57146.773.59$20,668
Mar 200904,05542.144.06$16,459
Feb 200904,41132.814.63$20,436
Jan 200905,37735.865.37$28,880
Dec 200804,51537.105.98$26,987
Nov 200804,65255.496.86$31,914
Oct 200805,03275.246.92$34,831
Sep 200805,052101.767.88$39,795
Aug 200805,583114.228.48$47,361
Jul 200805,831131.0811.39$66,412
Jun 200805,846131.3313.03$76,189
May 200806,618123.1711.57$76,599
Apr 200806,682110.3110.45$69,859
Mar 200807,401101.909.66$71,524
Feb 20081747,40892.538.77$81,073
Jan 200808,48790.388.21$69,642
Dec 200709,38688.337.30$68,536
Nov 2007010,53091.677.29$76,782
Oct 200709,58182.856.92$66,319
Sep 2007014,75075.846.24$92,101
Aug 2007019,96869.066.39$127,554

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            52 bbl  × $106.41 =     $5,533
Gas                  205 Mcf  × $  3.05 =       $624

────────────────────────────────────────────────────
Month total                                   $6,158

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/230829 is the state's own key, not one this site invented.