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LOFTIS GAS UNIT

Operated by PWEP OPERATING, LLC (P-5 104093) in the OAK HILL (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 236387District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.3 M
Feb 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
220
no gaps in the span
Streams
2
condensate, gas

The OAK HILL (COTTON VALLEY) 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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 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: “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 Gas112008-08-28185311
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
CondensateDisposition2,766 bbl$224,731
GasProduction585,320 Mcf$3,099,081
Total$3,323,812

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 32.4424, -94.5786. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.44239, -94.57861 · 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
10,740 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 10,740 ft.

Completions filed
Mar 2008
1 of 1 wells

1 well

42-203341941010,740 ftMar 2008——

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 (220)

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

220 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
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 202413069.052.20$898
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 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20236074.852.64$449
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
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 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 202158079.795.71$4,628
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 202175069.493.38$5,212
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 2020056844.642.68$1,520
Nov 202001,86238.772.71$5,040
Oct 202001,48636.972.48$3,683
Sep 202001,83637.091.99$3,656
Aug 202002,02739.982.39$4,835
Jul 202001,73938.371.83$3,174
Jun 202001,67234.901.69$2,826
May 202002,04116.921.81$3,704
Apr 202001,88314.751.80$3,398
Mar 202002,11330.341.86$3,922
Feb 202001,46549.881.98$2,902
Jan 202001,78957.252.09$3,747
Dec 2019741,86759.012.30$8,669
Nov 201902,01155.302.75$5,532
Oct 201901,78653.472.42$4,320
Sep 201902,12255.052.66$5,639
Aug 201901,93453.112.30$4,457
Jul 201902,15656.272.46$5,304
Jun 201901,98052.782.49$4,933
May 201902,07658.482.74$5,689
Apr 201902,15762.632.75$5,933
Mar 2019502,18556.803.06$9,531
Feb 201902,15150.852.79$6,006
Jan 201902,46146.033.23$7,945
Dec 201802,45046.594.19$10,254
Nov 201802,37552.934.24$10,063
Oct 201802,28361.443.40$7,758
Sep 201802,34759.543.11$7,294
Aug 201802,66859.403.07$8,182
Jul 201802,63965.142.93$7,737
Jun 201802,37060.183.08$7,292
May 201802,19065.382.90$6,353
Apr 201802,10263.842.90$6,097
Mar 2018442,38361.222.79$9,335
Feb 201802,14361.782.77$5,928
Jan 201802,36362.874.01$9,474
Dec 201702,54857.272.92$7,444
Nov 201702,63855.423.12$8,226
Oct 201702,71349.292.98$8,095
Sep 201702,78547.523.09$8,598
Aug 2017342,81445.373.00$9,997
Jul 201702,37843.873.09$7,342
Jun 201701,77142.493.09$5,468
May 201702,37645.373.26$7,754
Apr 201703,60847.933.21$11,587
Mar 201701,91046.772.98$5,699
Feb 2017223350.452.95$1,207
Jan 201702949.413.42$99
Dec 2016231148.763.72$1,162
Nov 201602342.492.64$61
Oct 201604646.193.09$142
Sep 201602441.553.10$74
Aug 201601941.442.92$56
Jul 201602541.622.92$73
Jun 201602745.352.69$73
May 201602042.521.99$40
Apr 2016384336.561.99$1,475
Mar 2016061433.011.79$1,102
Feb 2016013926.472.06$287
Jan 20163442327.352.36$1,930
Dec 201501,74932.362.00$3,500
Nov 201502,43438.792.17$5,275
Oct 2015372,22743.552.43$7,015
Sep 201502,82242.992.76$7,784
Aug 201502,84240.162.87$8,164
Jul 2015442,94748.152.95$10,798
Jun 201502,80456.152.88$8,084
May 2015452,76755.212.96$10,662
Apr 201502,73649.822.71$7,405
Mar 201502,89542.892.93$8,496
Feb 201502,86444.662.98$8,524
Jan 201503,16343.433.10$9,807
Dec 201462,98354.693.59$11,041
Nov 2014014470.464.25$612
Oct 2014017178.303.90$667
Sep 2014146486.164.05$1,465
Aug 201409089.394.04$363
Jul 2014012396.564.18$514
Jun 20141413598.164.74$2,014
May 2014017594.734.73$827
Apr 2014017795.944.81$851
Mar 2014013395.895.06$673
Feb 201409197.406.19$563
Jan 2014010890.404.86$525
Dec 2013301,24191.824.35$8,159
Nov 2013080588.853.74$3,009
Oct 201302,80897.423.78$10,612
Sep 2013392,970104.113.72$15,102
Aug 201303,254104.253.52$11,463
Jul 201303,081102.523.72$11,454
Jun 2013433,08994.403.93$16,210
May 201313,24394.834.15$13,550
Apr 201302,96493.964.28$12,694
Mar 2013613,40593.623.91$19,034
Feb 201323,12091.233.42$10,853
Jan 2013343,48291.603.42$15,023
Dec 2012363,48786.773.42$15,050
Nov 201223,27886.953.62$12,057
Oct 201203,60489.383.40$12,252
Sep 201203,48394.672.92$10,165
Aug 201203,53292.662.91$10,272
Jul 2012374,49985.133.02$16,740
Jun 201202,24279.822.52$5,648
May 2012422,72291.612.49$10,621
Apr 201203,576101.652.00$7,141
Mar 2012443,393105.052.22$12,162
Feb 201203,611101.102.57$9,281
Jan 2012434,23398.092.73$15,791
Dec 2011393,73396.873.24$15,872
Nov 2011374,08095.723.31$17,052
Oct 201164,25984.983.65$16,049
Sep 2011364,19183.623.99$19,715
Aug 201134,48583.404.15$18,860
Jul 201154,51094.144.52$20,843
Jun 2011384,50292.904.64$24,419
May 2011454,67398.134.40$25,000
Apr 201134,336105.964.33$19,107
Mar 201174,66896.364.06$19,614
Feb 2011374,25485.644.18$20,950
Jan 2011334,96286.504.59$25,624
Dec 2010365,09585.734.35$25,238
Nov 2010365,00780.843.80$21,913
Oct 201064,87778.103.51$17,581
Sep 2010134,71072.633.98$19,687
Aug 201074,25773.684.42$19,329
Jul 201035,54272.554.74$26,467
Jun 201035,30270.364.91$26,246
May 2010375,64671.124.24$26,543
Apr 2010405,45881.694.12$25,769
Mar 2010455,64478.394.39$28,297
Feb 2010515,46573.585.44$33,495
Jan 2010436,35374.365.96$41,087
Dec 2009106,18271.445.48$34,615
Nov 2009406,45874.593.75$27,211
Oct 2009816,76272.544.11$33,669
Sep 200927,02365.543.06$21,655
Aug 200907,37867.423.22$23,746
Jul 2009347,38961.133.46$27,678
Jun 2009388,00266.163.90$33,682
May 2009328,37354.743.93$34,622
Apr 200908,83846.773.59$31,706
Mar 2009309,23742.144.06$38,757
Feb 2009308,79032.814.63$41,708
Jan 20095110,21835.865.37$56,710
Dec 20083910,33437.105.98$63,215
Nov 20087310,42455.496.86$75,563
Oct 20088010,97475.246.92$81,981
Sep 200810010,859101.767.88$95,713
Aug 20088411,946114.228.48$110,933
Jul 20085513,954131.0811.39$166,138
Jun 20085515,844131.3313.03$213,712
May 200813521,245123.1711.57$262,524
Apr 200812125,204110.3110.45$276,852
Mar 20082230,919101.909.66$301,045
Feb 2008049592.538.77$4,341

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.

Nov 2024 — as filed, then multipliedworked
Condensate            13 bbl  × $ 69.05 =       $898
Gas                    0 Mcf  × $  2.20 =         $0

────────────────────────────────────────────────────
Month total                                     $898

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/236387 is the state's own key, not one this site invented.