SHERMAN

Operated by ADAMAS ENERGY LLC (P-5 103913) in the OLIVER CREEK (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 238625District 06Field 671723802 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.6 M
Jan 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
221
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 18 leases and 18 wells, and the rule below applies to all of them.

Discovered
1998-08-26
as the register files it
Field class
Gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2007-11-20.

The Commission's schedule remark for this field reads: EFFECTIVE AUGUST.

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 Gas112009-03-09189856
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
CondensateDisposition2,718 bbl$235,598
GasProduction361,210 Mcf$2,316,690
Total$2,552,288

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 31.7368, -94.2746. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.73678, -94.27455 · 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
11,200 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 11,200 ft.

Completions filed
Jan 2008
1 of 1 wells

1 well

42-41931182311,200 ftJan 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 (221)

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

221 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 20240069.052.20$0
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 20230074.852.64$0
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 20220481.844.54$18
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 202105379.795.71$303
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 202103270.783.98$127
Jun 2021010269.493.38$345
May 202103163.483.02$94
Apr 2021011960.362.76$328
Mar 202101,23461.302.72$3,353
Feb 2021035157.805.55$1,947
Jan 2021015850.412.81$444
Dec 2020012244.642.68$326
Nov 202009338.772.71$252
Oct 202008836.972.48$218
Sep 2020012537.091.99$249
Aug 202004739.982.39$112
Jul 202006938.371.83$126
Jun 202008434.901.69$142
May 2020016416.921.81$298
Apr 2020011814.751.80$213
Mar 2020016630.341.86$308
Feb 2020010049.881.98$198
Jan 202007857.252.09$163
Dec 2019010659.012.30$244
Nov 2019016955.302.75$465
Oct 2019019953.472.42$481
Sep 2019013155.052.66$348
Aug 2019014853.112.30$341
Jul 2019014456.272.46$354
Jun 2019014352.782.49$356
May 2019014258.482.74$389
Apr 2019014962.632.75$410
Mar 2019020656.803.06$631
Feb 2019015350.852.79$427
Jan 2019021846.033.23$704
Dec 2018019146.594.19$799
Nov 2018019452.934.24$822
Oct 2018022461.443.40$761
Sep 2018016859.543.11$522
Aug 2018015959.403.07$488
Jul 2018024465.142.93$715
Jun 2018024260.183.08$745
May 2018020365.382.90$589
Apr 2018024263.842.90$702
Mar 2018017261.222.79$479
Feb 2018022961.782.77$633
Jan 2018022462.874.01$898
Dec 2017022657.272.92$660
Nov 2017050155.423.12$1,562
Oct 2017058149.292.98$1,734
Sep 2017010947.523.09$337
Aug 2017010645.373.00$318
Jul 2017027243.873.09$840
Jun 2017025842.493.09$797
May 2017030345.373.26$989
Apr 2017024847.933.21$796
Mar 2017030846.772.98$919
Feb 2017049250.452.95$1,453
Jan 2017019449.413.42$663
Dec 2016017248.763.72$640
Nov 2016025042.492.64$661
Oct 2016037546.193.09$1,159
Sep 2016037241.553.10$1,153
Aug 2016043541.442.92$1,272
Jul 2016034141.622.92$997
Jun 2016032745.352.69$878
May 2016038942.521.99$775
Apr 201614337136.561.99$5,967
Mar 2016045433.011.79$814
Feb 2016043426.472.06$896
Jan 2016048827.352.36$1,154
Dec 2015043232.362.00$865
Nov 2015044838.792.17$971
Oct 2015038543.552.43$934
Sep 2015044542.992.76$1,228
Aug 2015053140.162.87$1,525
Jul 201501,40848.152.95$4,147
Jun 201502,99156.152.88$8,623
May 201502,85455.212.96$8,435
Apr 201501,04449.822.71$2,826
Mar 2015039342.892.93$1,153
Feb 2015034944.662.98$1,039
Jan 2015040043.433.10$1,240
Dec 201401,17554.693.59$4,220
Nov 20141792,13470.464.25$21,686
Oct 201402,16778.303.90$8,453
Sep 201402,83686.164.05$11,473
Aug 201401,65589.394.04$6,678
Jul 2014032396.564.18$1,350
Jun 2014036498.164.74$1,724
May 20140294.734.73$9
Apr 201451995.944.81$571
Mar 2014149095.895.06$2,574
Feb 201421,06497.406.19$6,783
Jan 20141932,03390.404.86$27,329
Dec 2013352,37891.824.35$13,569
Nov 2013222,36988.853.74$10,811
Oct 201362,41197.423.78$9,697
Sep 2013362,073104.113.72$11,455
Aug 20131761104.253.52$2,785
Jul 2013161386102.523.72$17,941
Jun 2013046894.403.93$1,841
May 2013046194.834.15$1,913
Apr 2013044093.964.28$1,884
Mar 2013050193.623.91$1,960
Feb 2013065191.233.42$2,226
Jan 201301,85891.603.42$6,354
Dec 201202,75086.773.42$9,405
Nov 201204,03486.953.62$14,623
Oct 20121722,85489.383.40$25,076
Sep 2012054294.672.92$1,582
Aug 2012055492.662.91$1,611
Jul 201201,12785.133.02$3,404
Jun 201203,81679.822.52$9,613
May 201202,75491.612.49$6,853
Apr 201201,351101.652.00$2,698
Mar 20120558105.052.22$1,240
Feb 20120465101.102.57$1,195
Jan 201201,37498.092.73$3,757
Dec 20111693,07596.873.24$26,333
Nov 201103,42695.723.31$11,344
Oct 2011383,26184.983.65$15,127
Sep 201102,38183.623.99$9,490
Aug 201101,28883.404.15$5,344
Jul 2011391,89594.144.52$12,232
Jun 201102,70592.904.64$12,551
May 2011242,13098.134.40$11,737
Apr 201126923105.964.33$6,755
Mar 2011271,43996.364.06$8,440
Feb 201102,52385.644.18$10,546
Jan 201104,70786.504.59$21,599
Dec 201003,64685.734.35$15,852
Nov 201001,34180.843.80$5,090
Oct 20103058678.103.51$4,399
Sep 2010342,13972.633.98$10,982
Aug 201003,67473.684.42$16,237
Jul 201003,13572.554.74$14,849
Jun 201003,18970.364.91$15,659
May 2010333,12871.124.24$15,595
Apr 2010563,35081.694.12$18,386
Mar 201003,04078.394.39$13,342
Feb 201003,25673.585.44$17,720
Jan 201003,61074.365.96$21,530
Dec 200904,10171.445.48$22,489
Nov 200902,58874.593.75$9,709
Oct 2009443,46972.544.11$17,450
Sep 200904,51765.543.06$13,843
Aug 200904,40767.423.22$14,184
Jul 200904,39861.133.46$15,237
Jun 2009525,11666.163.90$23,367
May 20091785,35854.743.93$30,778
Apr 200904,95646.773.59$17,780
Mar 2009735,34842.144.06$24,784
Feb 200904,87232.814.63$22,572
Jan 2009686,03935.865.37$34,874
Dec 200806,56137.105.98$39,216
Nov 200807,07555.496.86$48,537
Oct 200807,17675.246.92$49,672
Sep 2008707,415101.767.88$65,532
Aug 200808,306114.228.48$70,460
Jul 20081329,586131.0811.39$126,482
Jun 2008011,598131.3313.03$151,152
May 200817714,469123.1711.57$189,269
Apr 2008021,076110.3110.45$220,347
Mar 200818130,343101.909.66$311,681
Feb 200831127,20892.538.77$267,407
Jan 2008012,75990.388.21$104,697

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                    4 Mcf  × $  4.54 =        $18

────────────────────────────────────────────────────
Month total                                      $18

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/238625 is the state's own key, not one this site invented.