PEARCE GAS UNIT

Operated by EQV OPERATING LLC (P-5 101634) in the LANSING, N. (COTTON VALLEY, LO.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 245009District 06Field 520020502 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.9 M
Aug 2008 – May 2026
Value, last 12 filed months
$162 k
at the published price for each month
Months reported
214
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 54 leases and 54 wells, and the rule below applies to all of them.

Discovered
1978-12-26
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 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 2004-04-23.

The Commission's schedule remark for this field reads: PERTAINING TO PERMITTING.

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 Gas112009-03-09190116
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
CondensateDisposition7,000 bbl$491,324
GasProduction2,232,792 Mcf$9,373,509
Total$9,864,832

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 32.5796, -94.6847. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.57957, -94.68466 · 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
10,663 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 10,663 ft.

Completions filed
Sep 2008
1 of 1 wells

1 well

42-203343442H10,663 ftSep 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 (214)

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

214 months

May 202602,892106.413.05$8,809
Apr 2026923,44198.932.87$18,976
Mar 202603,93589.753.15$12,393
Feb 202616715763.503.75$11,193
Jan 202603,70959.138.00$29,664
Dec 202504,24456.664.41$18,730
Nov 202503,67558.593.93$14,430
Oct 202502,22859.383.30$7,363
Sep 202502,86662.743.08$8,818
Aug 202503,34863.933.01$10,093
Jul 202503,99266.743.32$13,234
Jun 202502,77066.483.13$8,667
May 202503,63060.553.23$11,733
Apr 202504,21062.363.54$14,917
Mar 202503,81367.704.27$16,275
Feb 202504,53870.884.34$19,699
Jan 202505,31574.324.28$22,741
Dec 202405,49468.993.12$17,149
Nov 20241015,53769.052.20$19,147
Oct 202406,44071.372.28$14,692
Sep 202409,00669.612.36$21,293
Aug 2024033275.632.06$685
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 202401,12276.091.78$2,001
Jan 202404,66173.023.30$15,370
Dec 202304,40071.262.61$11,487
Nov 202304,98877.892.81$14,004
Oct 202304,45785.443.09$13,760
Sep 202301,46889.042.74$4,015
Aug 202304,53380.522.67$12,116
Jul 202304,50174.852.64$11,891
Jun 202304,09768.962.26$9,253
May 202304,48270.622.23$9,983
Apr 202304,39378.122.24$9,830
Mar 202304,59972.852.39$11,006
Feb 202304,22075.112.47$10,405
Jan 202304,62376.533.39$15,661
Dec 202204,55076.415.73$26,067
Nov 202203,65985.005.65$20,659
Oct 202204,66587.185.86$27,354
Sep 202204,10684.888.16$33,520
Aug 202204,67194.529.13$42,633
Jul 202204,690101.587.54$35,372
Jun 202204,567115.097.98$36,432
May 202204,623109.378.43$38,986
Apr 20221704,585104.226.84$49,068
Mar 202204,741108.885.08$24,067
Feb 202204,19291.054.86$20,368
Jan 202204,86881.844.54$22,089
Dec 202104,65971.323.90$18,166
Nov 202104,46277.435.24$23,367
Oct 202104,76679.795.71$27,232
Sep 202104,71769.865.35$25,240
Aug 202104,89666.024.22$20,664
Jul 202104,95970.783.98$19,747
Jun 202104,80669.493.38$16,247
May 202105,10463.483.02$15,402
Apr 202104,89960.362.76$13,514
Mar 202105,53361.302.72$15,033
Feb 202103,54257.805.55$19,651
Jan 202105,20350.412.81$14,622
Dec 20201385,17344.642.68$20,000
Nov 202004,84738.772.71$13,119
Oct 202005,21736.972.48$12,930
Sep 202004,91537.091.99$9,786
Aug 202005,27639.982.39$12,584
Jul 202005,32738.371.83$9,722
Jun 202005,15634.901.69$8,715
May 202005,11116.921.81$9,275
Apr 202005,26814.751.80$9,505
Mar 202005,58830.341.86$10,373
Feb 202005,12749.881.98$10,155
Jan 202005,58357.252.09$11,695
Dec 201905,67759.012.30$13,082
Nov 20191795,46355.302.75$24,926
Oct 201905,74753.472.42$13,899
Sep 201905,67655.052.66$15,083
Aug 201905,84853.112.30$13,476
Jul 201905,95056.272.46$14,637
Jun 201905,64852.782.49$14,070
May 201906,01158.482.74$16,472
Apr 201905,81262.632.75$15,987
Mar 20191796,04756.803.06$28,684
Feb 201905,43950.852.79$15,187
Jan 201906,18946.033.23$19,979
Dec 201806,24546.594.19$26,138
Nov 201805,86352.934.24$24,843
Oct 201806,09061.443.40$20,694
Sep 201805,96559.543.11$18,539
Aug 201806,08059.403.07$18,645
Jul 201806,11965.142.93$17,940
Jun 201805,90960.183.08$18,182
May 201806,19165.382.90$17,959
Apr 201805,95663.842.90$17,277
Mar 201806,14561.222.79$17,125
Feb 201805,77061.782.77$15,961
Jan 201806,57862.874.01$26,373
Dec 20171286,64157.272.92$26,732
Nov 201706,31755.423.12$19,699
Oct 201706,70949.292.98$20,018
Sep 201706,17847.523.09$19,073
Aug 201706,64045.373.00$19,949
Jul 201707,10543.873.09$21,935
Jun 201706,29842.493.09$19,444
May 201706,99445.373.26$22,824
Apr 20171466,79047.933.21$28,805
Mar 201707,00046.772.98$20,886
Feb 201706,50050.452.95$19,192
Jan 201707,16249.413.42$24,485
Dec 201607,25248.763.72$26,998
Nov 20161697,05442.492.64$25,834
Oct 201617,40846.193.09$22,939
Sep 201607,21641.553.10$22,374
Aug 201607,29941.442.92$21,345
Jul 201607,42441.622.92$21,710
Jun 201607,27445.352.69$19,537
May 201607,60542.521.99$15,142
Apr 20161897,32436.561.99$21,492
Mar 201657,77133.011.79$14,106
Feb 201607,17626.472.06$14,809
Jan 201647,64727.352.36$18,190
Dec 2015157,74132.362.00$15,978
Nov 201567,77838.792.17$17,090
Oct 201507,77443.552.43$18,864
Sep 201537,68842.992.76$21,336
Aug 201588,11040.162.87$23,617
Jul 20151868,18248.152.95$33,053
Jun 201517,64156.152.88$22,084
May 201508,17655.212.96$24,164
Apr 201508,17549.822.71$22,126
Mar 201508,45042.892.93$24,798
Feb 20151937,48544.662.98$30,896
Jan 201508,30543.433.10$25,751
Dec 201407,84454.693.59$28,171
Nov 201408,01870.464.25$34,091
Oct 201408,36878.303.90$32,643
Sep 201408,43086.164.05$34,103
Aug 201408,91089.394.04$35,953
Jul 20141809,17996.564.18$55,745
Jun 201409,04298.164.74$42,831
May 201409,50694.734.73$44,931
Apr 201409,33895.944.81$44,908
Mar 201409,61295.895.06$48,606
Feb 201408,81197.406.19$54,558
Jan 20141959,81490.404.86$65,331
Dec 2013010,03291.824.35$43,684
Nov 201309,86788.853.74$36,886
Oct 2013010,32197.423.78$39,007
Sep 2013510,226104.113.72$38,538
Aug 201318910,823104.253.52$57,828
Jul 2013010,730102.523.72$39,891
Jun 2013010,55094.403.93$41,497
May 2013311,23194.834.15$46,883
Apr 2013410,53393.964.28$45,484
Mar 201319111,54993.623.91$63,071
Feb 2013210,34391.233.42$35,555
Jan 2013711,56591.603.42$40,192
Dec 2012412,08686.773.42$41,683
Nov 2012011,87486.953.62$43,043
Oct 2012512,45089.383.40$42,773
Sep 201218212,25294.672.92$52,986
Aug 2012012,68292.662.91$36,881
Jul 2012312,87085.133.02$39,133
Jun 2012212,68379.822.52$32,109
May 201219413,36191.612.49$51,019
Apr 2012313,095101.652.00$26,453
Mar 2012013,674105.052.22$30,385
Feb 2012013,105101.102.57$33,683
Jan 201218714,17298.092.73$57,090
Dec 2011014,39696.873.24$46,639
Nov 2011014,22295.723.31$47,093
Oct 201119015,01784.983.65$70,936
Sep 2011014,79183.623.99$58,954
Aug 2011015,66783.404.15$65,007
Jul 201119115,76694.144.52$89,200
Jun 2011015,56692.904.64$72,224
May 2011016,10598.134.40$70,940
Apr 201117815,645105.964.33$86,655
Mar 2011016,34796.364.06$66,325
Feb 201119714,95485.644.18$79,379
Jan 20111017,42486.504.59$80,820
Dec 2010018,06985.734.35$78,559
Nov 2010418,06980.843.80$68,901
Oct 201018219,46478.103.51$82,511
Sep 2010018,94772.633.98$75,399
Aug 201019220,15473.684.42$103,214
Jul 2010020,84472.554.74$98,727
Jun 2010020,63670.364.91$101,331
May 201019221,85671.124.24$106,220
Apr 2010021,90681.694.12$90,312
Mar 2010023,33078.394.39$102,388
Feb 2010021,68373.585.44$118,007
Jan 201018524,39474.365.96$159,245
Dec 2009025,65571.445.48$140,686
Nov 2009025,93874.593.75$97,306
Oct 2009028,02372.544.11$115,182
Sep 200918028,24965.543.06$98,373
Aug 200918030,57367.423.22$110,535
Jul 2009032,26061.133.46$111,765
Jun 200919032,43466.163.90$138,901
May 2009034,41154.743.93$135,089
Apr 200919935,34646.773.59$136,111
Mar 200919438,55342.144.06$164,662
Feb 200916338,34132.814.63$182,982
Jan 200917245,75835.865.37$251,934
Dec 200819850,21937.105.98$307,512
Nov 200819651,76455.496.86$365,996
Oct 200817658,04575.246.92$415,029
Sep 200818957,950101.767.88$475,710
Aug 2008672,201114.228.48$613,168

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                2,892 Mcf  × $  3.05 =     $8,809

────────────────────────────────────────────────────
Month total                                   $8,809

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/245009 is the state's own key, not one this site invented.