COBRA #1

Name: COBRA #1 lease production and value, Oct 2007 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SABINE OIL & GAS CORPORATION (P-5 742143) in the MINDEN (COTTON VALLEY CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 233038District 06Field 617921112 tax incentive programmesCondensateGasSave Export

Value, all time

$1.5 M

Oct 2007 – Dec 2022

Value, last 12 filed months

at the published price for each month

Months reported

183

no gaps in the span

Streams

condensate, gas

The MINDEN (COTTON VALLEY CONS.) field

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 456 leases and 456 wells, and the rule below applies to all of them.

Discovered

2005-09-27

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 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: “EXCEPTION TO SWR51(A) 30 DAY RULE.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2008-05-07	181305
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	966 bbl	$75,676
Gas	Production	277,582 Mcf	$1,425,458
Total			$1,501,133

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 32.0924, -94.7054. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.09236, -94.70538 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

10,950 ft

1 wells filed one

Completion to plug

15.3 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 10,950 ft.

Completions filed

Oct 2007

1 of 1 wells

Plug dates filed

Jan 2023

1 of 1 wells

Last completion to plug: a median of 15.3 years across the 1 well that filed both dates, with the middle half between 15.3 years and 15.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-40134424	9	10,950 ft	Oct 2007	Jan 2023	Yes

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 (183)

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

183 months


Dec 2022	0	0	76.41	5.73	$0
Nov 2022	0	0	85.00	5.65	$0
Oct 2022	0	0	87.18	5.86	$0
Sep 2022	0	0	84.88	8.16	$0
Aug 2022	0	0	94.52	9.13	$0
Jul 2022	0	0	101.58	7.54	$0
Jun 2022	0	0	115.09	7.98	$0
May 2022	0	0	109.37	8.43	$0
Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	0	66.02	4.22	$0
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	0	69.49	3.38	$0
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	798	30.34	1.86	$1,481
Feb 2020	0	683	49.88	1.98	$1,353
Jan 2020	0	757	57.25	2.09	$1,586
Dec 2019	0	776	59.01	2.30	$1,788
Nov 2019	0	773	55.30	2.75	$2,126
Oct 2019	0	943	53.47	2.42	$2,281
Sep 2019	0	641	55.05	2.66	$1,703
Aug 2019	0	844	53.11	2.30	$1,945
Jul 2019	0	931	56.27	2.46	$2,290
Jun 2019	0	757	52.78	2.49	$1,886
May 2019	0	826	58.48	2.74	$2,264
Apr 2019	0	786	62.63	2.75	$2,162
Mar 2019	0	793	56.80	3.06	$2,428
Feb 2019	0	612	50.85	2.79	$1,709
Jan 2019	0	663	46.03	3.23	$2,140
Dec 2018	0	700	46.59	4.19	$2,930
Nov 2018	0	677	52.93	4.24	$2,869
Oct 2018	0	733	61.44	3.40	$2,491
Sep 2018	0	741	59.54	3.11	$2,303
Aug 2018	0	794	59.40	3.07	$2,435
Jul 2018	0	843	65.14	2.93	$2,472
Jun 2018	17	783	60.18	3.08	$3,432
May 2018	208	878	65.38	2.90	$16,146
Apr 2018	0	837	63.84	2.90	$2,428
Mar 2018	0	898	61.22	2.79	$2,503
Feb 2018	0	788	61.78	2.77	$2,180
Jan 2018	0	894	62.87	4.01	$3,584
Dec 2017	0	962	57.27	2.92	$2,811
Nov 2017	0	987	55.42	3.12	$3,078
Oct 2017	0	998	49.29	2.98	$2,978
Sep 2017	0	932	47.52	3.09	$2,877
Aug 2017	0	971	45.37	3.00	$2,917
Jul 2017	0	991	43.87	3.09	$3,059
Jun 2017	0	862	42.49	3.09	$2,661
May 2017	0	1,006	45.37	3.26	$3,283
Apr 2017	0	985	47.93	3.21	$3,163
Mar 2017	0	1,006	46.77	2.98	$3,002
Feb 2017	0	931	50.45	2.95	$2,749
Jan 2017	0	1,062	49.41	3.42	$3,631
Dec 2016	0	1,090	48.76	3.72	$4,058
Nov 2016	0	1,065	42.49	2.64	$2,816
Oct 2016	0	1,108	46.19	3.09	$3,424
Sep 2016	0	1,082	41.55	3.10	$3,355
Aug 2016	0	1,112	41.44	2.92	$3,252
Jul 2016	0	1,107	41.62	2.92	$3,237
Jun 2016	0	1,094	45.35	2.69	$2,938
May 2016	0	1,158	42.52	1.99	$2,306
Apr 2016	0	1,198	36.56	1.99	$2,385
Mar 2016	0	1,169	33.01	1.79	$2,097
Feb 2016	0	1,185	26.47	2.06	$2,445
Jan 2016	0	1,264	27.35	2.36	$2,989
Dec 2015	0	1,285	32.36	2.00	$2,572
Nov 2015	0	1,225	38.79	2.17	$2,655
Oct 2015	0	1,291	43.55	2.43	$3,133
Sep 2015	0	1,222	42.99	2.76	$3,371
Aug 2015	0	1,276	40.16	2.87	$3,665
Jul 2015	0	1,286	48.15	2.95	$3,787
Jun 2015	0	1,229	56.15	2.88	$3,543
May 2015	0	1,317	55.21	2.96	$3,892
Apr 2015	0	1,312	49.82	2.71	$3,551
Mar 2015	0	1,346	42.89	2.93	$3,950
Feb 2015	13	1,157	44.66	2.98	$4,024
Jan 2015	26	1,367	43.43	3.10	$5,368
Dec 2014	21	1,412	54.69	3.59	$6,219
Nov 2014	28	1,341	70.46	4.25	$7,675
Oct 2014	22	1,375	78.30	3.90	$7,086
Sep 2014	4	1,299	86.16	4.05	$5,600
Aug 2014	0	1,306	89.39	4.04	$5,270
Jul 2014	0	1,353	96.56	4.18	$5,655
Jun 2014	0	1,328	98.16	4.74	$6,291
May 2014	0	1,321	94.73	4.73	$6,244
Apr 2014	0	1,316	95.94	4.81	$6,329
Mar 2014	0	1,406	95.89	5.06	$7,110
Feb 2014	0	1,285	97.40	6.19	$7,957
Jan 2014	0	1,417	90.40	4.86	$6,888
Dec 2013	0	1,456	91.82	4.35	$6,340
Nov 2013	0	1,431	88.85	3.74	$5,349
Oct 2013	0	1,519	97.42	3.78	$5,741
Sep 2013	0	1,512	104.11	3.72	$5,621
Aug 2013	1	1,588	104.25	3.52	$5,698
Jul 2013	0	1,604	102.52	3.72	$5,963
Jun 2013	0	1,518	94.40	3.93	$5,971
May 2013	0	1,582	94.83	4.15	$6,564
Apr 2013	0	1,551	93.96	4.28	$6,642
Mar 2013	0	1,861	93.62	3.91	$7,282
Feb 2013	0	1,751	91.23	3.42	$5,988
Jan 2013	0	1,983	91.60	3.42	$6,782
Dec 2012	0	1,668	86.77	3.42	$5,705
Nov 2012	0	1,590	86.95	3.62	$5,764
Oct 2012	0	1,623	89.38	3.40	$5,518
Sep 2012	0	1,570	94.67	2.92	$4,582
Aug 2012	0	1,641	92.66	2.91	$4,772
Jul 2012	0	1,587	85.13	3.02	$4,794
Jun 2012	0	1,533	79.82	2.52	$3,862
May 2012	0	1,553	91.61	2.49	$3,864
Apr 2012	0	1,510	101.65	2.00	$3,015
Mar 2012	0	1,731	105.05	2.22	$3,846
Feb 2012	11	1,910	101.10	2.57	$6,021
Jan 2012	17	2,054	98.09	2.73	$7,283
Dec 2011	38	1,872	96.87	3.24	$9,746
Nov 2011	12	1,849	95.72	3.31	$7,271
Oct 2011	0	1,599	84.98	3.65	$5,834
Sep 2011	3	1,562	83.62	3.99	$6,477
Aug 2011	0	1,507	83.40	4.15	$6,253
Jul 2011	0	1,500	94.14	4.52	$6,776
Jun 2011	0	1,496	92.90	4.64	$6,941
May 2011	2	1,643	98.13	4.40	$7,433
Apr 2011	5	1,640	105.96	4.33	$7,636
Mar 2011	3	1,745	96.36	4.06	$7,369
Feb 2011	4	1,579	85.64	4.18	$6,943
Jan 2011	4	1,791	86.50	4.59	$8,565
Dec 2010	1	1,868	85.73	4.35	$8,207
Nov 2010	6	1,828	80.84	3.80	$7,423
Oct 2010	5	1,903	78.10	3.51	$7,068
Sep 2010	6	1,902	72.63	3.98	$8,005
Aug 2010	6	1,952	73.68	4.42	$9,069
Jul 2010	3	2,031	72.55	4.74	$9,837
Jun 2010	14	2,104	70.36	4.91	$11,317
May 2010	6	2,104	71.12	4.24	$9,338
Apr 2010	9	2,097	81.69	4.12	$9,380
Mar 2010	18	2,260	78.39	4.39	$11,329
Feb 2010	8	2,013	73.58	5.44	$11,544
Jan 2010	10	2,251	74.36	5.96	$14,169
Dec 2009	10	2,358	71.44	5.48	$13,645
Nov 2009	7	2,254	74.59	3.75	$8,978
Oct 2009	6	2,389	72.54	4.11	$10,255
Sep 2009	8	2,371	65.54	3.06	$7,791
Aug 2009	9	2,616	67.42	3.22	$9,026
Jul 2009	4	2,503	61.13	3.46	$8,916
Jun 2009	8	2,576	66.16	3.90	$10,563
May 2009	6	2,731	54.74	3.93	$11,050
Apr 2009	11	2,660	46.77	3.59	$10,057
Mar 2009	9	2,155	42.14	4.06	$9,126
Feb 2009	6	1,820	32.81	4.63	$8,629
Jan 2009	14	2,510	35.86	5.37	$13,983
Dec 2008	12	2,442	37.10	5.98	$15,041
Nov 2008	12	2,793	55.49	6.86	$19,827
Oct 2008	14	3,397	75.24	6.92	$24,567
Sep 2008	16	3,057	101.76	7.88	$25,708
Aug 2008	17	3,579	114.22	8.48	$32,302
Jul 2008	18	4,058	131.08	11.39	$48,578
Jun 2008	15	3,972	131.33	13.03	$53,736
May 2008	17	4,594	123.17	11.57	$55,266
Apr 2008	22	5,007	110.31	10.45	$54,774
Mar 2008	14	5,610	101.90	9.66	$55,642
Feb 2008	20	7,261	92.53	8.77	$65,534
Jan 2008	25	8,351	90.38	8.21	$70,786
Dec 2007	33	10,106	88.33	7.30	$76,709
Nov 2007	63	18,852	91.67	7.29	$143,238
Oct 2007	39	4,192	82.85	6.92	$32,248

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.

Mar 2020 — as filed, then multipliedworked

Condensate             0 bbl  × $ 30.34 =         $0
Gas                  798 Mcf  × $  1.86 =     $1,481

────────────────────────────────────────────────────
Month total                                   $1,481

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/233038 is the state's own key, not one this site invented.