LOFTIS GAS UNIT

Name: LOFTIS GAS UNIT lease production and value, Dec 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 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 237268District 06Field 664612752 tax incentive programmesCondensateGasSave Export

Value, all time

$3.6 M

Dec 2007 – Aug 2022

Value, last 12 filed months

at the published price for each month

Months reported

177

no gaps in the span

Streams

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2008-08-28	185177
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	718 bbl	$66,260
Gas	Production	596,730 Mcf	$3,530,867
Total			$3,597,126

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 32.4318, -94.5803. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.43185, -94.58030 · 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

10,610 ft

1 wells filed one

Completion to plug

14.8 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 10,610 ft.

Completions filed

Dec 2007

1 of 1 wells

Plug dates filed

Sep 2022

1 of 1 wells

Last completion to plug: a median of 14.8 years across the 1 well that filed both dates, with the middle half between 14.8 years and 14.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20334040	3	10,610 ft	Dec 2007	Sep 2022	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 (177)

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

177 months


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	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	40	46.77	2.98	$119
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	63	41.62	2.92	$184
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	57	36.56	1.99	$113
Mar 2016	0	60	33.01	1.79	$108
Feb 2016	0	74	26.47	2.06	$153
Jan 2016	0	4	27.35	2.36	$9
Dec 2015	0	61	32.36	2.00	$122
Nov 2015	0	70	38.79	2.17	$152
Oct 2015	0	91	43.55	2.43	$221
Sep 2015	0	84	42.99	2.76	$232
Aug 2015	1	76	40.16	2.87	$258
Jul 2015	0	384	48.15	2.95	$1,131
Jun 2015	0	1	56.15	2.88	$3
May 2015	1	265	55.21	2.96	$838
Apr 2015	0	455	49.82	2.71	$1,231
Mar 2015	0	1,001	42.89	2.93	$2,938
Feb 2015	0	1,250	44.66	2.98	$3,720
Jan 2015	0	2,681	43.43	3.10	$8,313
Dec 2014	0	2,874	54.69	3.59	$10,322
Nov 2014	3	3,068	70.46	4.25	$13,256
Oct 2014	0	1,101	78.30	3.90	$4,295
Sep 2014	0	1,142	86.16	4.05	$4,620
Aug 2014	0	1,339	89.39	4.04	$5,403
Jul 2014	0	1,679	96.56	4.18	$7,018
Jun 2014	1	2,304	98.16	4.74	$11,012
May 2014	1	2,637	94.73	4.73	$12,559
Apr 2014	0	2,566	95.94	4.81	$12,340
Mar 2014	1	2,489	95.89	5.06	$12,682
Feb 2014	1	2,553	97.40	6.19	$15,906
Jan 2014	3	3,137	90.40	4.86	$15,519
Dec 2013	0	3,300	91.82	4.35	$14,370
Nov 2013	168	3,007	88.85	3.74	$26,168
Oct 2013	5	3,907	97.42	3.78	$15,253
Sep 2013	1	3,246	104.11	3.72	$12,172
Aug 2013	4	3,356	104.25	3.52	$12,239
Jul 2013	5	3,208	102.52	3.72	$12,439
Jun 2013	3	3,649	94.40	3.93	$14,636
May 2013	0	3,732	94.83	4.15	$15,484
Apr 2013	0	2,858	93.96	4.28	$12,240
Mar 2013	2	3,438	93.62	3.91	$13,640
Feb 2013	1	3,700	91.23	3.42	$12,745
Jan 2013	3	3,690	91.60	3.42	$12,894
Dec 2012	0	3,756	86.77	3.42	$12,846
Nov 2012	1	3,241	86.95	3.62	$11,835
Oct 2012	1	3,555	89.38	3.40	$12,175
Sep 2012	1	3,493	94.67	2.92	$10,289
Aug 2012	0	3,704	92.66	2.91	$10,772
Jul 2012	1	3,714	85.13	3.02	$11,304
Jun 2012	2	3,999	79.82	2.52	$10,233
May 2012	2	4,073	91.61	2.49	$10,318
Apr 2012	1	3,949	101.65	2.00	$7,987
Mar 2012	0	4,061	105.05	2.22	$9,024
Feb 2012	6	4,134	101.10	2.57	$11,232
Jan 2012	0	4,162	98.09	2.73	$11,379
Dec 2011	0	4,558	96.87	3.24	$14,767
Nov 2011	0	4,822	95.72	3.31	$15,967
Oct 2011	0	4,530	84.98	3.65	$16,528
Sep 2011	0	4,510	83.62	3.99	$17,976
Aug 2011	0	4,805	83.40	4.15	$19,937
Jul 2011	0	5,184	94.14	4.52	$23,417
Jun 2011	0	5,108	92.90	4.64	$23,701
May 2011	0	5,740	98.13	4.40	$25,284
Apr 2011	0	5,470	105.96	4.33	$23,703
Mar 2011	0	5,960	96.36	4.06	$24,182
Feb 2011	0	5,585	85.64	4.18	$23,345
Jan 2011	0	6,289	86.50	4.59	$28,859
Dec 2010	0	6,483	85.73	4.35	$28,186
Nov 2010	0	6,045	80.84	3.80	$22,943
Oct 2010	0	6,922	78.10	3.51	$24,289
Sep 2010	0	6,369	72.63	3.98	$25,345
Aug 2010	0	6,998	73.68	4.42	$30,927
Jul 2010	145	7,764	72.55	4.74	$47,294
Jun 2010	0	6,524	70.36	4.91	$32,035
May 2010	0	7,672	71.12	4.24	$32,493
Apr 2010	0	7,099	81.69	4.12	$29,267
Mar 2010	0	7,490	78.39	4.39	$32,871
Feb 2010	0	6,564	73.58	5.44	$35,724
Jan 2010	0	7,771	74.36	5.96	$46,347
Dec 2009	173	8,331	71.44	5.48	$58,044
Nov 2009	0	7,492	74.59	3.75	$28,106
Oct 2009	0	7,778	72.54	4.11	$31,970
Sep 2009	0	7,746	65.54	3.06	$23,740
Aug 2009	0	8,128	67.42	3.22	$26,160
Jul 2009	0	8,459	61.13	3.46	$29,306
Jun 2009	0	7,930	66.16	3.90	$30,887
May 2009	0	9,200	54.74	3.93	$36,117
Apr 2009	0	9,240	46.77	3.59	$33,149
Mar 2009	0	9,883	42.14	4.06	$40,115
Feb 2009	0	9,155	32.81	4.63	$42,415
Jan 2009	0	10,541	35.86	5.37	$56,616
Dec 2008	0	11,004	37.10	5.98	$65,772
Nov 2008	0	11,252	55.49	6.86	$77,193
Oct 2008	0	12,252	75.24	6.92	$84,808
Sep 2008	0	12,455	101.76	7.88	$98,109
Aug 2008	0	13,503	114.22	8.48	$114,546
Jul 2008	181	14,346	131.08	11.39	$187,118
Jun 2008	0	14,752	131.33	13.03	$192,257
May 2008	0	16,876	123.17	11.57	$195,328
Apr 2008	0	18,376	110.31	10.45	$192,119
Mar 2008	0	22,041	101.90	9.66	$213,006
Feb 2008	0	25,371	92.53	8.77	$222,518
Jan 2008	0	34,196	90.38	8.21	$280,603
Dec 2007	0	19,623	88.33	7.30	$143,287

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 2017 — as filed, then multipliedworked

Condensate             0 bbl  × $ 46.77 =         $0
Gas                   40 Mcf  × $  2.98 =       $119

────────────────────────────────────────────────────
Month total                                     $119

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/237268 is the state's own key, not one this site invented.