GIBSON GU1

Operated by SABINE ENERGY INC. (P-5 103925) 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 246577District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.2 M
Jan 2009 – May 2026
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
209
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 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 Gas112009-05-19191777
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
CondensateDisposition166 bbl$11,181
GasProduction603,543 Mcf$2,210,579
Total$2,221,760

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 32.4312, -94.6723. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.43123, -94.67227 · 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
11,090 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 11,090 ft.

Completions filed
Jan 2009
1 of 1 wells

1 well

42-20334508311,090 ftJan 2009

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 (209)

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

209 months

May 202601,476106.413.05$4,496
Apr 202601,67198.932.87$4,795
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 202401,07973.023.30$3,558
Dec 2023035271.262.61$919
Nov 202304677.892.81$129
Oct 202301,40885.443.09$4,347
Sep 202301589.042.74$41
Aug 202301,45280.522.67$3,881
Jul 202302,03674.852.64$5,379
Jun 2023076668.962.26$1,730
May 202301,12870.622.23$2,513
Apr 202301,54878.122.24$3,464
Mar 2023051372.852.39$1,228
Feb 2023098575.112.47$2,429
Jan 202301,46976.533.39$4,977
Dec 202201,52476.415.73$8,731
Nov 2022042185.005.65$2,377
Oct 202201,55987.185.86$9,142
Sep 2022045384.888.16$3,698
Aug 2022031994.529.13$2,912
Jul 202201,578101.587.54$11,901
Jun 20220930115.097.98$7,419
May 202201,530109.378.43$12,903
Apr 202201,417104.226.84$9,689
Mar 20220443108.885.08$2,249
Feb 202201,17191.054.86$5,690
Jan 202201,34681.844.54$6,108
Dec 202101,85771.323.90$7,241
Nov 202101,73377.435.24$9,075
Oct 202102,46279.795.71$14,068
Sep 202101,94769.865.35$10,418
Aug 202102,37066.024.22$10,003
Jul 202102,25970.783.98$8,996
Jun 202102,17569.493.38$7,353
May 202101,72563.483.02$5,205
Apr 202101,84160.362.76$5,078
Mar 202131,74161.302.72$4,914
Feb 202102,01957.805.55$11,201
Jan 202101,78450.412.81$5,014
Dec 202001,96344.642.68$5,252
Nov 202012,35138.772.71$6,402
Oct 202012,24436.972.48$5,599
Sep 202002,52837.091.99$5,033
Aug 202002,58439.982.39$6,163
Jul 202002,05638.371.83$3,752
Jun 202002,25234.901.69$3,807
May 202012,47816.921.81$4,514
Apr 202002,55514.751.80$4,610
Mar 202002,48030.341.86$4,603
Feb 202002,19449.881.98$4,346
Jan 202002,14657.252.09$4,495
Dec 201901,26759.012.30$2,920
Nov 201901,50755.302.75$4,145
Oct 201901,93853.472.42$4,687
Sep 201901,24855.052.66$3,316
Aug 201901,70353.112.30$3,924
Jul 201902,12656.272.46$5,230
Jun 201902,05752.782.49$5,124
May 201902,30258.482.74$6,308
Apr 201902,16262.632.75$5,947
Mar 201902,90456.803.06$8,892
Feb 201902,18350.852.79$6,095
Jan 201902,70446.033.23$8,729
Dec 201843,59146.594.19$15,216
Nov 201843,05252.934.24$13,144
Oct 201854,05761.443.40$14,093
Sep 2018251,05859.543.11$4,777
Aug 201811,30859.403.07$4,070
Jul 201801,34165.142.93$3,932
Jun 201801,36960.183.08$4,212
May 201801,38665.382.90$4,021
Apr 201801,65463.842.90$4,798
Mar 201801,90561.222.79$5,309
Feb 201801,41661.782.77$3,917
Jan 201801,83162.874.01$7,341
Dec 201702,69457.272.92$7,871
Nov 201711,63555.423.12$5,154
Oct 201712,02449.292.98$6,088
Sep 201702,25847.523.09$6,971
Aug 201712,56145.373.00$7,740
Jul 201712,37243.873.09$7,367
Jun 201712,48442.493.09$7,711
May 201712,32645.373.26$7,636
Apr 201722,12347.933.21$6,914
Mar 201712,16346.772.98$6,500
Feb 201721,93050.452.95$5,799
Jan 201702,58949.413.42$8,851
Dec 201603,12348.763.72$11,626
Nov 201602,68442.492.64$7,097
Oct 201603,27246.193.09$10,111
Sep 201623,57541.553.10$11,168
Aug 201602,99841.442.92$8,767
Jul 201602,85541.622.92$8,349
Jun 201602,48845.352.69$6,682
May 201602,72042.521.99$5,416
Apr 201603,10236.561.99$6,176
Mar 201603,40333.011.79$6,105
Feb 201603,40926.472.06$7,035
Jan 201603,91027.352.36$9,245
Dec 2015123,95632.362.00$8,306
Nov 201513,90138.792.17$8,494
Oct 201513,94143.552.43$9,607
Sep 201513,71842.992.76$10,299
Aug 201503,67440.162.87$10,554
Jul 201514,21548.152.95$12,462
Jun 201513,72756.152.88$10,801
May 201522,39455.212.96$7,186
Apr 201512,86449.822.71$7,801
Mar 201501,77542.892.93$5,209
Feb 201501,02344.662.98$3,045
Jan 201502,35543.433.10$7,302
Dec 201412,15454.693.59$7,790
Nov 201401,73770.464.25$7,385
Oct 201402,10678.303.90$8,215
Sep 201402,23086.164.05$9,021
Aug 201412,52189.394.04$10,262
Jul 201402,68196.564.18$11,206
Jun 201402,59498.164.74$12,287
May 201412,65594.734.73$12,644
Apr 201402,73795.944.81$13,163
Mar 201412,90895.895.06$14,801
Feb 201412,54997.406.19$15,881
Jan 201413,36090.404.86$16,422
Dec 201302,92491.824.35$12,733
Nov 201303,03288.853.74$11,334
Oct 201302,62097.423.78$9,902
Sep 201303,170104.113.72$11,785
Aug 201302,743104.253.52$9,663
Jul 201312,674102.523.72$10,044
Jun 201313,00594.403.93$11,914
May 201313,04394.834.15$12,720
Apr 201302,66693.964.28$11,417
Mar 201313,18293.623.91$12,544
Feb 201302,87391.233.42$9,825
Jan 201323,47291.603.42$12,057
Dec 201203,56286.773.42$12,183
Nov 201203,40586.953.62$12,343
Oct 201204,14189.383.40$14,078
Sep 201213,92694.672.92$11,552
Aug 201203,99292.662.91$11,609
Jul 201204,12585.133.02$12,461
Jun 201203,68479.822.52$9,280
May 201204,03591.612.49$10,040
Apr 201214,000101.652.00$8,089
Mar 201203,566105.052.22$7,924
Feb 201203,967101.102.57$10,196
Jan 201203,98198.092.73$10,884
Dec 201104,43596.873.24$14,368
Nov 201103,50695.723.31$11,609
Oct 201114,46984.983.65$16,390
Sep 2011545,03483.623.99$24,580
Aug 201105,04883.404.15$20,946
Jul 201104,04894.144.52$18,286
Jun 201113,98792.904.64$18,592
May 201103,50098.134.40$15,417
Apr 201105,440105.964.33$23,573
Mar 201124,51496.364.06$18,508
Feb 201115,05685.644.18$21,220
Jan 201105,15786.504.59$23,664
Dec 201017,65685.734.35$33,372
Nov 201016,53680.843.80$24,887
Oct 201015,08178.103.51$17,907
Sep 201003,85672.633.98$15,345
Aug 201004,13673.684.42$18,278
Jul 201003,75472.554.74$17,781
Jun 201004,72570.364.91$23,202
May 201004,88171.124.24$20,672
Apr 201007,29981.694.12$30,092
Mar 201008,97978.394.39$39,406
Feb 201007,14273.585.44$38,869
Jan 201008,72674.365.96$52,043
Dec 200917,56271.445.48$41,540
Nov 200907,56474.593.75$28,376
Oct 200907,47372.544.11$30,716
Sep 200937,26565.543.06$22,462
Aug 200918,17167.423.22$26,366
Jul 2009311,87361.133.46$41,317
Jun 200927,10766.163.90$27,814
May 2009216,34354.743.93$64,268
Apr 2009014,60546.773.59$52,395
Mar 2009018,81242.144.06$76,358
Feb 2009023,68032.814.63$109,709
Jan 200903,41435.865.37$18,337

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                1,476 Mcf  × $  3.05 =     $4,496

────────────────────────────────────────────────────
Month total                                   $4,496

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/246577 is the state's own key, not one this site invented.