PRESTON HEIRS UNIT

Operated by FORMATION RESOUR FIELD SVCS, LLC (P-5 100566) in the RAINTREE (TRAVIS PEAK CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 240480District 06Field 742657002 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.5 M
Jun 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
216
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 71 leases and 71 wells, and the rule below applies to all of them.

Discovered
2008-06-10
as the register files it
Field class
Gas
the register's own label
Between wells
660 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 2008-06-10.

The Commission's schedule remark for this field reads: OPERATORS ARE NOT REQUIRED TO FILE FORM P15 AND PLAT.

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 Gas112009-04-09185196
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
CondensateDisposition805 bbl$61,731
GasProduction1,157,443 Mcf$6,436,385
Total$6,498,116

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 31.5010, -94.8751. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.50096, -94.87513 · 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
11,785 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 11,785 ft.

Completions filed
Jun 2008
1 of 1 wells

1 well

42-005303351311,785 ftJun 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 (216)

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

216 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 202305477.892.81$152
Oct 202305485.443.09$167
Sep 202305589.042.74$150
Aug 202305180.522.67$136
Jul 202305574.852.64$145
Jun 202305168.962.26$115
May 202305370.622.23$118
Apr 202305378.122.24$119
Mar 202305372.852.39$127
Feb 202305375.112.47$131
Jan 2023010476.533.39$352
Dec 2022010676.415.73$607
Nov 2022010185.005.65$570
Oct 2022010287.185.86$598
Sep 2022010284.888.16$833
Aug 2022010494.529.13$949
Jul 20220106101.587.54$799
Jun 20220104115.097.98$830
May 20220102109.378.43$860
Apr 20220107104.226.84$732
Mar 20220105108.885.08$533
Feb 2022010591.054.86$510
Jan 2022010581.844.54$476
Dec 2021010471.323.90$406
Nov 2021010377.435.24$539
Oct 2021010279.795.71$583
Sep 2021010869.865.35$578
Aug 2021010566.024.22$443
Jul 2021010770.783.98$426
Jun 2021010869.493.38$365
May 2021010863.483.02$326
Apr 2021010660.362.76$292
Mar 2021010461.302.72$283
Feb 2021010157.805.55$560
Jan 2021010550.412.81$295
Dec 2020010344.642.68$276
Nov 2020010138.772.71$273
Oct 2020010136.972.48$250
Sep 2020010137.091.99$201
Aug 2020010339.982.39$246
Jul 2020010738.371.83$195
Jun 2020010134.901.69$171
May 2020010016.921.81$181
Apr 2020010714.751.80$193
Mar 2020010030.341.86$186
Feb 2020010149.881.98$200
Jan 2020010457.252.09$218
Dec 2019010259.012.30$235
Nov 2019010855.302.75$297
Oct 2019010353.472.42$249
Sep 2019011055.052.66$292
Aug 2019010853.112.30$249
Jul 2019011456.272.46$280
Jun 2019010452.782.49$259
May 2019011758.482.74$321
Apr 2019015162.632.75$415
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 201905746.033.23$184
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 201801861.443.40$61
Sep 201802459.543.11$75
Aug 201804859.403.07$147
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 2018011965.382.90$345
Apr 20180063.842.90$0
Mar 20180761.222.79$20
Feb 201805961.782.77$163
Jan 20180062.874.01$0
Dec 2017372457.272.92$2,189
Nov 20170655.423.12$19
Oct 201701249.292.98$36
Sep 20170247.523.09$6
Aug 201706045.373.00$180
Jul 20170243.873.09$6
Jun 2017022442.493.09$692
May 2017432,21445.373.26$9,176
Apr 201702,58747.933.21$8,308
Mar 201702,81546.772.98$8,399
Feb 201702,44750.452.95$7,225
Jan 201702,51249.413.42$8,588
Dec 201602,55248.763.72$9,501
Nov 201602,44842.492.64$6,473
Oct 201602,56746.193.09$7,933
Sep 201602,74641.553.10$8,514
Aug 201602,86341.442.92$8,372
Jul 2016242,90441.622.92$9,491
Jun 201603,19345.352.69$8,576
May 201603,74342.521.99$7,452
Apr 201603,45736.561.99$6,883
Mar 201603,74833.011.79$6,724
Feb 201603,55726.472.06$7,340
Jan 201693,71927.352.36$9,039
Dec 201504,67132.362.00$9,349
Nov 201504,77738.792.17$10,353
Oct 201505,13143.552.43$12,451
Sep 201505,11142.992.76$14,098
Aug 2015515,20640.162.87$17,002
Jul 201505,46348.152.95$16,089
Jun 201504,73156.152.88$13,639
May 201505,22355.212.96$15,436
Apr 201504,81949.822.71$13,043
Mar 201505,40242.892.93$15,853
Feb 201504,94344.662.98$14,711
Jan 201535,36943.433.10$16,778
Dec 201415,35854.693.59$19,297
Nov 201405,42570.464.25$23,066
Oct 201405,79978.303.90$22,622
Sep 2014745,43686.164.05$28,367
Aug 201405,80189.394.04$23,408
Jul 201425,92596.564.18$24,957
Jun 201405,92698.164.74$28,071
May 201406,27294.734.73$29,645
Apr 201416,30795.944.81$30,427
Mar 201406,35395.895.06$32,126
Feb 201405,53997.406.19$34,297
Jan 201445,68290.404.86$27,980
Dec 201305,73991.824.35$24,990
Nov 201305,98188.853.74$22,359
Oct 201306,00997.423.78$22,710
Sep 201306,251104.113.72$23,240
Aug 201345,596104.253.52$20,130
Jul 201305,762102.523.72$21,422
Jun 201305,17594.403.93$20,355
May 2013605,55494.834.15$28,734
Apr 201305,48393.964.28$23,481
Mar 201316,43093.623.91$25,253
Feb 201305,15391.233.42$17,623
Jan 201305,67091.603.42$19,391
Dec 201205,83886.773.42$19,967
Nov 201205,99886.953.62$21,743
Oct 201206,28689.383.40$21,370
Sep 201207,26194.672.92$21,191
Aug 201207,83692.662.91$22,788
Jul 201206,34585.133.02$19,167
Jun 201207,29279.822.52$18,369
May 201207,24391.612.49$18,023
Apr 20121396,799101.652.00$27,706
Mar 201207,371105.052.22$16,379
Feb 201206,817101.102.57$17,521
Jan 201207,17498.092.73$19,614
Dec 201108,54096.873.24$27,667
Nov 201108,55195.723.31$28,315
Oct 201108,56884.983.65$31,261
Sep 201108,97483.623.99$35,769
Aug 201108,99983.404.15$37,340
Jul 201108,26994.144.52$37,353
Jun 201107,97292.904.64$36,989
May 201106,64598.134.40$29,270
Apr 2011387,306105.964.33$35,685
Mar 2011208,10196.364.06$34,796
Feb 201108,12585.644.18$33,962
Jan 201108,81186.504.59$40,432
Dec 201009,49285.734.35$41,269
Nov 201009,42380.843.80$35,763
Oct 2010189,08378.103.51$33,277
Sep 2010109,04472.633.98$36,717
Aug 2010010,04273.684.42$44,379
Jul 2010010,79972.554.74$51,149
Jun 20101011,39370.364.91$56,648
May 20102211,90471.124.24$51,981
Apr 20102412,17081.694.12$52,134
Mar 2010013,67278.394.39$60,002
Feb 2010012,85073.585.44$69,934
Jan 2010014,30374.365.96$85,304
Dec 2009514,95971.445.48$82,389
Nov 2009713,96074.593.75$52,893
Oct 2009713,87972.544.11$57,554
Sep 2009514,91665.543.06$46,042
Aug 20091016,76667.423.22$54,636
Jul 2009016,71561.133.46$57,909
Jun 20091118,06666.163.90$71,095
May 200910224,00754.743.93$99,829
Apr 2009921,84846.773.59$78,801
Mar 2009024,67942.144.06$100,172
Feb 2009023,65032.814.63$109,570
Jan 2009028,02735.865.37$150,533
Dec 20081831,23537.105.98$187,364
Nov 2008034,19655.496.86$234,597
Oct 2008041,78675.246.92$289,242
Sep 2008042,243101.767.88$332,752
Aug 2008052,178114.228.48$442,627
Jul 20082091,726131.0811.39$1,047,328
Jun 20081661,713131.3313.03$806,384

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 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 77.89 =         $0
Gas                   54 Mcf  × $  2.81 =       $152

────────────────────────────────────────────────────
Month total                                     $152

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/240480 is the state's own key, not one this site invented.