MARSHALL, T.E.

Name: MARSHALL, T.E. lease production and value, Apr 2009 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the CEDAR SPRINGS (COT. VALLEY, LO.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 250147District 06Field 16613175Hydrogen sulphide field2 tax incentive programmesCondensateGasSave Export

Value, all time

$4.1 M

Apr 2009 – Mar 2023

Value, last 12 filed months

$149 k

at the published price for each month

Months reported

168

no gaps in the span

Streams

condensate, gas

The CEDAR SPRINGS (COT. VALLEY, LO.) 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 19 leases and 19 wells, and the rule below applies to all of them.

Discovered

1981-04-20

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 1986-01-13.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “FIELD RULES RESCINDED EFF. 1-13-86 PER DOCKET #6-86515.”

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	2009-08-31	194235
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	5,349 bbl	$402,833
Gas	Production	988,079 Mcf	$3,713,313
Total			$4,116,146

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 32.8331, -94.8429. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.83313, -94.84287 · 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

12,230 ft

1 wells filed one

Completion to plug

13.7 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 12,230 ft.

Completions filed

Apr 2009

1 of 1 wells

Plug dates filed

Dec 2022

1 of 1 wells

Last completion to plug: a median of 13.7 years across the 1 well that filed both dates, with the middle half between 13.7 years and 13.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-45931417	2	12,230 ft	Apr 2009	Dec 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 (168)

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

168 months


Mar 2023	0	0	72.85	2.39	$0
Feb 2023	0	0	75.11	2.47	$0
Jan 2023	0	0	76.53	3.39	$0
Dec 2022	0	1,790	76.41	5.73	$10,255
Nov 2022	0	1,324	85.00	5.65	$7,476
Oct 2022	15	2,905	87.18	5.86	$18,342
Sep 2022	0	2,720	84.88	8.16	$22,205
Aug 2022	0	3,105	94.52	9.13	$28,340
Jul 2022	30	3,757	101.58	7.54	$31,383
Jun 2022	12	1,804	115.09	7.98	$15,772
May 2022	0	1,382	109.37	8.43	$11,654
Apr 2022	31	0	104.22	6.84	$3,231
Mar 2022	2	4,185	108.88	5.08	$21,462
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	6	0	81.84	4.54	$491
Dec 2021	16	0	71.32	3.90	$1,141
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	526	69.86	5.35	$2,815
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	36	0	57.80	5.55	$2,081
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	3,043	44.64	2.68	$8,141
Nov 2020	0	3,011	38.77	2.71	$8,149
Oct 2020	0	1,982	36.97	2.48	$4,912
Sep 2020	6	4,377	37.09	1.99	$8,937
Aug 2020	0	3,700	39.98	2.39	$8,825
Jul 2020	0	4	38.37	1.83	$7
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	33	0	57.25	2.09	$1,889
Dec 2019	0	20	59.01	2.30	$46
Nov 2019	0	229	55.30	2.75	$630
Oct 2019	0	2,648	53.47	2.42	$6,404
Sep 2019	36	2,366	55.05	2.66	$8,269
Aug 2019	0	3,950	53.11	2.30	$9,102
Jul 2019	0	5,217	56.27	2.46	$12,834
Jun 2019	29	4,000	52.78	2.49	$11,495
May 2019	0	3,292	58.48	2.74	$9,021
Apr 2019	19	1,990	62.63	2.75	$6,664
Mar 2019	0	1,980	56.80	3.06	$6,063
Feb 2019	16	1,969	50.85	2.79	$6,311
Jan 2019	0	2,258	46.03	3.23	$7,289
Dec 2018	0	2,231	46.59	4.19	$9,338
Nov 2018	0	3,313	52.93	4.24	$14,038
Oct 2018	0	9,091	61.44	3.40	$30,892
Sep 2018	0	2,419	59.54	3.11	$7,518
Aug 2018	25	6,869	59.40	3.07	$22,549
Jul 2018	46	3,838	65.14	2.93	$14,249
Jun 2018	0	6,529	60.18	3.08	$20,089
May 2018	0	3,681	65.38	2.90	$10,678
Apr 2018	0	2,854	63.84	2.90	$8,279
Mar 2018	33	2,734	61.22	2.79	$9,639
Feb 2018	0	298	61.78	2.77	$824
Jan 2018	0	823	62.87	4.01	$3,300
Dec 2017	0	2,046	57.27	2.92	$5,977
Nov 2017	0	1,816	55.42	3.12	$5,663
Oct 2017	18	4,054	49.29	2.98	$12,983
Sep 2017	0	1,422	47.52	3.09	$4,390
Aug 2017	44	3,191	45.37	3.00	$11,583
Jul 2017	0	2,298	43.87	3.09	$7,095
Jun 2017	0	1,490	42.49	3.09	$4,600
May 2017	65	4,253	45.37	3.26	$16,828
Apr 2017	0	4,698	47.93	3.21	$15,088
Mar 2017	0	2,061	46.77	2.98	$6,149
Feb 2017	15	2,076	50.45	2.95	$6,886
Jan 2017	0	6,278	49.41	3.42	$21,463
Dec 2016	0	2,630	48.76	3.72	$9,791
Nov 2016	29	1,281	42.49	2.64	$4,620
Oct 2016	0	730	46.19	3.09	$2,256
Sep 2016	14	892	41.55	3.10	$3,347
Aug 2016	22	1,606	41.44	2.92	$5,608
Jul 2016	0	6,104	41.62	2.92	$17,850
Jun 2016	0	3,224	45.35	2.69	$8,659
May 2016	104	6,217	42.52	1.99	$16,800
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	30	33.01	1.79	$54
Feb 2016	0	6	26.47	2.06	$12
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	85	7,571	32.36	2.00	$17,903
Nov 2015	0	567	38.79	2.17	$1,229
Oct 2015	0	8,039	43.55	2.43	$19,507
Sep 2015	80	7,749	42.99	2.76	$24,814
Aug 2015	0	7,306	40.16	2.87	$20,986
Jul 2015	65	6,897	48.15	2.95	$23,442
Jun 2015	66	8,679	56.15	2.88	$28,726
May 2015	12	1,674	55.21	2.96	$5,610
Apr 2015	40	5,643	49.82	2.71	$17,266
Mar 2015	28	7,715	42.89	2.93	$23,842
Feb 2015	0	3,458	44.66	2.98	$10,292
Jan 2015	0	4,605	43.43	3.10	$14,278
Dec 2014	68	7,364	54.69	3.59	$30,166
Nov 2014	0	8,650	70.46	4.25	$36,778
Oct 2014	78	9,546	78.30	3.90	$43,346
Sep 2014	0	7,501	86.16	4.05	$30,345
Aug 2014	138	8,566	89.39	4.04	$46,901
Jul 2014	0	9,714	96.56	4.18	$40,601
Jun 2014	94	6,979	98.16	4.74	$42,286
May 2014	0	11,051	94.73	4.73	$52,233
Apr 2014	56	11,085	95.94	4.81	$58,682
Mar 2014	17	10,466	95.89	5.06	$54,555
Feb 2014	0	2,552	97.40	6.19	$15,802
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	29	1,992	91.82	4.35	$11,337
Nov 2013	23	2,778	88.85	3.74	$12,428
Oct 2013	85	6,282	97.42	3.78	$32,023
Sep 2013	0	4,318	104.11	3.72	$16,053
Aug 2013	1	8,224	104.25	3.52	$29,074
Jul 2013	62	7,757	102.52	3.72	$35,195
Jun 2013	57	8,127	94.40	3.93	$37,348
May 2013	56	7,607	94.83	4.15	$36,873
Apr 2013	1	6,676	93.96	4.28	$28,685
Mar 2013	58	6,003	93.62	3.91	$28,919
Feb 2013	1	5,568	91.23	3.42	$19,133
Jan 2013	2	8,203	91.60	3.42	$28,237
Dec 2012	53	4,817	86.77	3.42	$21,074
Nov 2012	2	5,838	86.95	3.62	$21,336
Oct 2012	67	6,391	89.38	3.40	$27,716
Sep 2012	1	7,857	94.67	2.92	$23,025
Aug 2012	65	7,722	92.66	2.91	$28,480
Jul 2012	1	6,376	85.13	3.02	$19,346
Jun 2012	2	8,506	79.82	2.52	$21,587
May 2012	62	10,010	91.61	2.49	$30,588
Apr 2012	49	10,487	101.65	2.00	$25,921
Mar 2012	55	8,153	105.05	2.22	$23,894
Feb 2012	2	8,079	101.10	2.57	$20,967
Jan 2012	54	6,839	98.09	2.73	$23,995
Dec 2011	76	8,703	96.87	3.24	$35,558
Nov 2011	51	16,202	95.72	3.31	$58,531
Oct 2011	103	10,672	84.98	3.65	$47,690
Sep 2011	79	13,285	83.62	3.99	$59,557
Aug 2011	71	13,164	83.40	4.15	$60,543
Jul 2011	60	11,677	94.14	4.52	$58,396
Jun 2011	74	12,357	92.90	4.64	$64,210
May 2011	74	14,553	98.13	4.40	$71,365
Apr 2011	68	15,223	105.96	4.33	$73,171
Mar 2011	73	12,857	96.36	4.06	$59,200
Feb 2011	85	8,813	85.64	4.18	$44,118
Jan 2011	53	17,769	86.50	4.59	$86,123
Dec 2010	124	13,189	85.73	4.35	$67,973
Nov 2010	138	20,771	80.84	3.80	$89,989
Oct 2010	152	17,571	78.10	3.51	$73,526
Sep 2010	112	19,789	72.63	3.98	$86,884
Aug 2010	74	22,981	73.68	4.42	$107,014
Jul 2010	53	6,499	72.55	4.74	$34,628
Jun 2010	127	16,063	70.36	4.91	$87,811
May 2010	99	10,935	71.12	4.24	$53,353
Apr 2010	43	15,324	81.69	4.12	$66,689
Mar 2010	90	6,613	78.39	4.39	$36,077
Feb 2010	0	1,886	73.58	5.44	$10,264
Jan 2010	57	12,319	74.36	5.96	$77,710
Dec 2009	34	13,088	71.44	5.48	$74,200
Nov 2009	267	13,407	74.59	3.75	$70,212
Oct 2009	106	18,141	72.54	4.11	$82,253
Sep 2009	88	21,180	65.54	3.06	$70,679
Aug 2009	126	25,434	67.42	3.22	$90,354
Jul 2009	56	10,130	61.13	3.46	$38,519
Jun 2009	74	9,432	66.16	3.90	$41,633
May 2009	221	30,644	54.74	3.93	$132,398
Apr 2009	124	26,804	46.77	3.59	$101,959

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.

Dec 2022 — as filed, then multipliedworked

Condensate             0 bbl  × $ 76.41 =         $0
Gas                1,790 Mcf  × $  5.73 =    $10,255

────────────────────────────────────────────────────
Month total                                  $10,255

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/250147 is the state's own key, not one this site invented.