VARDEMAN

Operated by MAG EXPLORATION LLC (P-5 102971) in the TRAWICK,N (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 259325District 06Field 910037002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.3 M
Jun 2010 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
192
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 13 leases and 13 wells, and the rule below applies to all of them.

Discovered
1980-10-23
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 11/01/2007.

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 Gas112011-05-11201562
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
CondensateDisposition1,484 bbl$126,620
GasProduction571,422 Mcf$2,222,366
Total$2,348,986

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 31.8387, -94.7224. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.83868, -94.72244 · 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
9,000 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 9,000 ft.

Completions filed
Jun 2010
1 of 1 wells

1 well

42-3473313229,000 ftJun 2010

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 (192)

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

192 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 202408973.023.30$293
Dec 202301571.262.61$39
Nov 202301377.892.81$37
Oct 2023017685.443.09$543
Sep 2023017689.042.74$481
Aug 202308680.522.67$230
Jul 2023012674.852.64$333
Jun 202305868.962.26$131
May 2023036470.622.23$811
Apr 2023012978.122.24$289
Mar 2023015072.852.39$359
Feb 2023016475.112.47$404
Jan 2023025276.533.39$854
Dec 202203376.415.73$189
Nov 202209985.005.65$559
Oct 2022019087.185.86$1,114
Sep 2022018584.888.16$1,510
Aug 202203,03794.529.13$27,719
Jul 202203,463101.587.54$26,118
Jun 202202,446115.097.98$19,512
May 20220195109.378.43$1,644
Apr 202202,635104.226.84$18,017
Mar 2022044108.885.08$223
Feb 202204791.054.86$228
Jan 2022017081.844.54$771
Dec 2021026271.323.90$1,022
Nov 2021031077.435.24$1,623
Oct 202102,45379.795.71$14,016
Sep 202101,44769.865.35$7,743
Aug 202101,65766.024.22$6,994
Jul 202101,46170.783.98$5,818
Jun 202103569.493.38$118
May 202103663.483.02$109
Apr 202107660.362.76$210
Mar 202102,29661.302.72$6,238
Feb 202103,67457.805.55$20,383
Jan 2021033150.412.81$930
Dec 2020012344.642.68$329
Nov 2020010138.772.71$273
Oct 2020017236.972.48$426
Sep 2020020537.091.99$408
Aug 20200039.982.39$0
Jul 2020018338.371.83$334
Jun 2020021134.901.69$357
May 2020016716.921.81$303
Apr 2020010314.751.80$186
Mar 202007930.341.86$147
Feb 2020040849.881.98$808
Jan 2020013357.252.09$279
Dec 2019039359.012.30$906
Nov 2019020355.302.75$558
Oct 2019043953.472.42$1,062
Sep 2019971,03555.052.66$8,090
Aug 201901,41453.112.30$3,258
Jul 2019051256.272.46$1,260
Jun 2019047852.782.49$1,191
May 2019054958.482.74$1,504
Apr 2019016362.632.75$448
Mar 2019029956.803.06$916
Feb 2019049350.852.79$1,377
Jan 2019057546.033.23$1,856
Dec 2018066146.594.19$2,767
Nov 2018080552.934.24$3,411
Oct 2018022661.443.40$768
Sep 2018041559.543.11$1,290
Aug 2018021659.403.07$662
Jul 2018060165.142.93$1,762
Jun 2018037760.183.08$1,160
May 2018022665.382.90$656
Apr 20180263.842.90$6
Mar 2018071461.222.79$1,990
Feb 2018024061.782.77$664
Jan 2018038062.874.01$1,524
Dec 2017068057.272.92$1,987
Nov 2017021755.423.12$677
Oct 2017079949.292.98$2,384
Sep 2017098147.523.09$3,029
Aug 201701,03145.373.00$3,098
Jul 2017093443.873.09$2,884
Jun 2017036742.493.09$1,133
May 2017053045.373.26$1,730
Apr 2017087647.933.21$2,813
Mar 201701,21746.772.98$3,631
Feb 201701,03650.452.95$3,059
Jan 2017047149.413.42$1,610
Dec 2016070148.763.72$2,610
Nov 2016083642.492.64$2,211
Oct 2016098546.193.09$3,044
Sep 2016083241.553.10$2,580
Aug 2016075941.442.92$2,220
Jul 2016079641.622.92$2,328
Jun 2016066745.352.69$1,791
May 2016081242.521.99$1,617
Apr 2016075036.561.99$1,493
Mar 201601,33833.011.79$2,400
Feb 201601,12926.472.06$2,330
Jan 201601,27427.352.36$3,012
Dec 201501,09032.362.00$2,182
Nov 2015089538.792.17$1,940
Oct 201501,15343.552.43$2,798
Sep 201501,11142.992.76$3,065
Aug 201501,33140.162.87$3,823
Jul 2015071848.152.95$2,115
Jun 201551,54356.152.88$4,729
May 201501,87955.212.96$5,553
Apr 201511,18449.822.71$3,254
Mar 201501,18142.892.93$3,466
Feb 201501,30644.662.98$3,887
Jan 201501,26143.433.10$3,910
Dec 201401,48654.693.59$5,337
Nov 201401,94370.464.25$8,261
Oct 201401,71478.303.90$6,686
Sep 201401,72286.164.05$6,966
Aug 201402,11089.394.04$8,514
Jul 201401,78996.564.18$7,477
Jun 201401,97898.164.74$9,370
May 20141672,10994.734.73$25,788
Apr 201402,38895.944.81$11,484
Mar 201404,29495.895.06$21,714
Feb 201401,06497.406.19$6,588
Jan 201401,54090.404.86$7,486
Dec 201301,39891.824.35$6,088
Nov 201301,16188.853.74$4,340
Oct 201301,38397.423.78$5,227
Sep 201301,349104.113.72$5,015
Aug 201301,653104.253.52$5,823
Jul 201301,166102.523.72$4,335
Jun 201301,71594.403.93$6,746
May 201301,84794.834.15$7,663
Apr 201301,44393.964.28$6,180
Mar 201301,34993.623.91$5,278
Feb 201302,21491.233.42$7,572
Jan 201301,23991.603.42$4,237
Dec 201201,31986.773.42$4,511
Nov 2012099486.953.62$3,603
Oct 201203,69489.383.40$12,558
Sep 201206,52094.672.92$19,028
Aug 201207,10692.662.91$20,665
Jul 201207,40385.133.02$22,363
Jun 201208,84779.822.52$22,286
May 201218010,13491.612.49$41,706
Apr 2012010,452101.652.00$20,871
Mar 2012210,027105.052.22$22,491
Feb 2012010,443101.102.57$26,841
Jan 2012011,63998.092.73$31,822
Dec 2011012,53896.873.24$40,620
Nov 2011011,23895.723.31$37,212
Oct 201115213,48384.983.65$62,110
Sep 2011113,97783.623.99$55,793
Aug 2011015,34183.404.15$63,655
Jul 2011017,43894.144.52$78,772
Jun 201117118,18792.904.64$100,271
May 2011020,25398.134.40$89,211
Apr 2011021,724105.964.33$94,136
Mar 201117823,10496.364.06$110,893
Feb 2011018,61285.644.18$77,798
Jan 201117823,15286.504.59$121,636
Dec 2010025,28785.734.35$109,942
Nov 201017425,33380.843.80$110,213
Oct 2010027,42278.103.51$96,221
Sep 201017827,51472.633.98$122,419
Aug 2010024,66873.684.42$109,017
Jul 2010025,16872.554.74$119,208
Jun 20100070.364.91$0

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 2024 — as filed, then multipliedworked
Condensate             0 bbl  × $ 73.02 =         $0
Gas                   89 Mcf  × $  3.30 =       $293

────────────────────────────────────────────────────
Month total                                     $293

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/259325 is the state's own key, not one this site invented.