PAGE, L.E.

Operated by SHERIDAN PRODUCTION CO III, LLC (P-5 775851) 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 234087District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.1 M
Nov 2007 – Feb 2022
Value, last 12 filed months
$86
at the published price for each month
Months reported
172
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 Gas112008-04-25180076
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
CondensateDisposition4,107 bbl$327,974
GasProduction255,375 Mcf$1,726,596
Total$2,054,570

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 32.0707, -94.4228. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.07072, -94.42282 · 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
100.0%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
7,500 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
1100.0%
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.
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 7,500 ft.

Completions filed
Feb 2022
1 of 1 wells

1 well

42-36536404107,500 ftFeb 2022Yes

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 (172)

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

172 months

Feb 20220091.054.86$0
Jan 202201981.844.54$86
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180246.594.19$8
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 201801460.183.08$43
May 201803165.382.90$90
Apr 20180063.842.90$0
Mar 201802761.222.79$75
Feb 20180061.782.77$0
Jan 201803062.874.01$120
Dec 201703057.272.92$88
Nov 201702555.423.12$78
Oct 20170449.292.98$12
Sep 20170047.523.09$0
Aug 201703945.373.00$117
Jul 201704443.873.09$136
Jun 201702842.493.09$86
May 201705445.373.26$176
Apr 201702147.933.21$67
Mar 201703646.772.98$107
Feb 201704650.452.95$136
Jan 201704949.413.42$168
Dec 201604448.763.72$164
Nov 201604142.492.64$108
Oct 201614346.193.09$179
Sep 201657841.553.10$450
Aug 2016020241.442.92$591
Jul 20160041.622.92$0
Jun 2016015445.352.69$414
May 2016626842.521.99$789
Apr 20160036.561.99$0
Mar 201655133.011.79$257
Feb 20164938026.472.06$2,081
Jan 20168782927.352.36$4,340
Dec 20157175232.362.00$3,803
Nov 20154136638.792.17$2,384
Oct 20151121,31843.552.43$8,076
Sep 20151631,79742.992.76$11,964
Aug 20151711,92040.162.87$12,383
Jul 20151771,86348.152.95$14,009
Jun 20151661,68056.152.88$14,164
May 20151651,65555.212.96$14,001
Apr 20151631,49149.822.71$12,156
Mar 2015631,45942.892.93$6,984
Feb 201571,23044.662.98$3,973
Jan 2015583843.433.10$2,815
Dec 2014470854.693.59$2,761
Nov 2014471970.464.25$3,339
Oct 2014475878.303.90$3,270
Sep 2014356886.164.05$2,556
Aug 201405989.394.04$238
Jul 201403496.564.18$142
Jun 2014345798.164.74$2,459
May 201481,12294.734.73$6,061
Apr 2014121,05095.944.81$6,201
Mar 2014111,08495.895.06$6,536
Feb 2014993197.406.19$6,641
Jan 20141094390.404.86$5,488
Dec 2013101,06391.824.35$5,547
Nov 2013101,09188.853.74$4,967
Oct 2013111,24797.423.78$5,784
Sep 2013101,148104.113.72$5,309
Aug 2013111,360104.253.52$5,938
Jul 2013151,581102.523.72$7,416
Jun 2013222,31994.403.93$11,198
May 2013334,18094.834.15$20,473
Apr 201303,99893.964.28$17,122
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120586.773.42$17
Nov 201213986.953.62$228
Oct 20120089.383.40$0
Sep 20120194.672.92$3
Aug 20120292.662.91$6
Jul 201201185.133.02$33
Jun 201211979.822.52$128
May 201213191.612.49$169
Apr 2012221101.652.00$245
Mar 2012136105.052.22$185
Feb 2012455101.102.57$546
Jan 201237098.092.73$486
Dec 2011510296.873.24$815
Nov 201137895.723.31$545
Oct 201137884.983.65$540
Sep 201138783.623.99$598
Aug 2011617183.404.15$1,210
Jul 2011925694.144.52$2,004
Jun 20113381392.904.64$6,838
May 2011491,08698.134.40$9,592
Apr 201100105.964.33$0
Mar 2011631,54196.364.06$12,323
Feb 2011591,39585.644.18$10,884
Jan 2011631,77886.504.59$13,608
Dec 2010771,95985.734.35$15,118
Nov 2010752,06180.843.80$13,885
Oct 2010842,61678.103.51$15,740
Sep 2010682,18972.633.98$13,650
Aug 20102274673.684.42$4,918
Jul 20102996472.554.74$6,670
Jun 20102165470.364.91$4,689
May 20101296871.124.24$4,953
Apr 201071,06481.694.12$4,958
Mar 201091,20278.394.39$5,981
Feb 201091,15873.585.44$6,964
Jan 2010111,64574.365.96$10,629
Dec 2009172,27971.445.48$13,712
Nov 2009152,42774.593.75$10,224
Oct 2009182,92872.544.11$13,341
Sep 2009182,94265.543.06$10,196
Aug 2009192,90167.423.22$10,618
Jul 2009192,82161.133.46$10,935
Jun 2009223,08466.163.90$13,468
May 2009253,56554.743.93$15,364
Apr 2009213,72046.773.59$14,328
Mar 2009335,09142.144.06$22,055
Feb 2009182,38032.814.63$11,617
Jan 2009294,66535.865.37$26,096
Dec 2008294,76837.105.98$29,575
Nov 2008345,66655.496.86$40,757
Oct 2008376,90675.246.92$50,587
Sep 20081506,469101.767.88$66,221
Aug 20082178,590114.228.48$97,655
Jul 20081987,830131.0811.39$115,133
Jun 20082338,879131.3313.03$146,317
May 200828810,681123.1711.57$159,098
Apr 200828110,716110.3110.45$143,031
Mar 2008011,027101.909.66$106,566
Feb 2008014,01892.538.77$122,946
Jan 2008019,25990.388.21$158,034
Dec 2007530,26788.337.30$221,450
Nov 200711,21791.677.29$8,966

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.

Jan 2022 — as filed, then multipliedworked
Condensate             0 bbl  × $ 81.84 =         $0
Gas                   19 Mcf  × $  4.54 =        $86

────────────────────────────────────────────────────
Month total                                      $86

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/234087 is the state's own key, not one this site invented.