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SARGE UNIT

Operated by BPX OPERATING COMPANY (P-5 85408) in the CARTHAGE (HAYNESVILLE SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 265935District 06Field 160323002 tax incentive programmesCondensateGasSaveExport
Value, all time
$38.0 M
Mar 2012 – May 2026
Value, last 12 filed months
$271 k
at the published price for each month
Months reported
171
no gaps in the span
Streams
2
condensate, gas

The CARTHAGE (HAYNESVILLE SHALE) 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 2,565 leases and 2,565 wells, and the rule below applies to all of them.

Discovered
2009-12-15
as the register files it
Field class
Gas
the register's own label
Between wells
0 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 2013-01-29.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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 Gas112013-01-31208652
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
CondensateDisposition11 bbl$520
GasProduction11,877,286 Mcf$37,984,461
Total$37,984,981

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 31.3634, -94.5700. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.36338, -94.56998 · 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
15,828 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 15,828 ft.

Completions filed
Aug 2012
1 of 1 wells

1 well

42-005303941HR15,828 ftAug 2012——

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 (171)

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

171 months

May 202605,414106.413.05$16,490
Apr 202602,77398.932.87$7,958
Mar 202604,09889.753.15$12,906
Feb 202605,03563.503.75$18,883
Jan 202605,26359.138.00$42,093
Dec 202503,89056.664.41$17,168
Nov 202504,65358.593.93$18,270
Oct 202505,25359.383.30$17,360
Sep 202505,13962.743.08$15,812
Aug 202506,13663.933.01$18,499
Jul 2025010,89666.743.32$36,122
Jun 2025015,72166.483.13$49,187
May 202509,49760.553.23$30,697
Apr 2025014,61362.363.54$51,776
Mar 2025013,43067.704.27$57,324
Feb 2025022,76770.884.34$98,828
Jan 2025039,39274.324.28$168,546
Dec 202401,65068.993.12$5,150
Nov 2024034469.052.20$756
Oct 202403,77771.372.28$8,617
Sep 202404,01769.612.36$9,498
Aug 202403,43775.632.06$7,093
Jul 202403,11479.932.15$6,684
Jun 202407,07578.082.63$18,635
May 202408,24478.812.20$18,124
Apr 202408,50384.451.66$14,108
Mar 202409,60780.301.55$14,844
Feb 2024010,72076.091.78$19,121
Jan 2024020,64073.023.30$68,064
Dec 2023028,12471.262.61$73,424
Nov 2023038,02977.892.81$106,769
Oct 2023049,36185.443.09$152,391
Sep 2023062,91089.042.74$172,061
Aug 2023079,96280.522.67$213,729
Jul 20230100,55174.852.64$265,636
Jun 20230126,46568.962.26$285,619
May 20230148,63870.622.23$331,076
Apr 20230237,44678.122.24$531,347
Mar 20230202,37672.852.39$484,318
Feb 20230213,43275.112.47$526,255
Jan 20230125,79376.533.39$426,151
Dec 2022024,40476.415.73$139,812
Nov 20220085.005.65$0
Oct 2022012,53687.185.86$73,508
Sep 2022025,74584.888.16$210,174
Aug 2022024,14994.529.13$220,412
Jul 202207,587101.587.54$57,222
Jun 2022016,290115.097.98$129,949
May 202208,577109.378.43$72,330
Apr 202209,405104.226.84$64,308
Mar 2022010,268108.885.08$52,124
Feb 2022010,52791.054.86$51,149
Jan 2022012,77481.844.54$57,964
Dec 202103,08171.323.90$12,013
Nov 2021021377.435.24$1,115
Oct 2021061179.795.71$3,491
Sep 202105,37769.865.35$28,772
Aug 202107,95766.024.22$33,583
Jul 202109,02770.783.98$35,946
Jun 2021013,24869.493.38$44,786
May 202109,65463.483.02$29,133
Apr 2021010,00960.362.76$27,609
Mar 2021011,91761.302.72$32,378
Feb 202108,45057.805.55$46,880
Jan 2021011,47050.412.81$32,234
Dec 2020016,50944.642.68$44,169
Nov 2020015,61438.772.71$42,260
Oct 2020015,56836.972.48$38,584
Sep 2020013,23937.091.99$26,359
Aug 202001,98639.982.39$4,737
Jul 2020015,26238.371.83$27,855
Jun 202007,76734.901.69$13,129
May 202008,80516.921.81$15,979
Apr 2020013,07714.751.80$23,596
Mar 2020016,31230.341.86$30,279
Feb 2020016,53049.881.98$32,740
Jan 2020015,04957.252.09$31,524
Dec 2019018,53259.012.30$42,704
Nov 2019021,11855.302.75$58,089
Oct 2019019,27953.472.42$46,627
Sep 2019024,44955.052.66$64,968
Aug 2019015,81553.112.30$36,443
Jul 2019023,21356.272.46$57,105
Jun 2019023,89752.782.49$59,532
May 2019029,56158.482.74$81,007
Apr 2019034,62962.632.75$95,254
Mar 2019043,38656.803.06$132,852
Feb 2019048,21950.852.79$134,638
Jan 2019059,13246.033.23$190,889
Dec 2018066,09146.594.19$276,620
Nov 2018071,01452.934.24$300,903
Oct 2018026,41561.443.40$89,760
Sep 2018013,11259.543.11$40,752
Aug 2018023,04659.403.07$70,672
Jul 2018022,38665.142.93$65,633
Jun 2018013,67960.183.08$42,089
May 2018018,27265.382.90$53,003
Apr 2018017,17163.842.90$49,810
Mar 2018014,65561.222.79$40,841
Feb 2018013,77761.782.77$38,109
Jan 2018123,27262.874.01$93,368
Dec 2017020,34957.272.92$59,450
Nov 2017127,73855.423.12$86,552
Oct 2017143,84549.292.98$130,869
Sep 2017244,55847.523.09$137,658
Aug 2017052,89145.373.00$158,906
Jul 2017361,14143.873.09$188,891
Jun 2017065,15142.493.09$201,139
May 2017069,92745.373.26$228,200
Apr 2017063,42347.933.21$203,689
Mar 2017023,27246.772.98$69,436
Feb 2017056,85150.452.95$167,858
Jan 2017058,66349.413.42$200,557
Dec 2016060,24148.763.72$224,267
Nov 2016058,19542.492.64$153,888
Oct 201603,97746.193.09$12,290
Sep 2016125,37741.553.10$78,726
Aug 2016024,72041.442.92$72,290
Jul 2016125,73041.622.92$75,285
Jun 2016024,74645.352.69$66,464
May 2016127,69942.521.99$55,192
Apr 2016027,59736.561.99$54,947
Mar 2016029,33433.011.79$52,625
Feb 2016027,54426.472.06$56,841
Jan 2016030,62127.352.36$72,399
Dec 2015031,68132.362.00$63,407
Nov 2015030,65838.792.17$66,446
Oct 2015032,63043.552.43$79,179
Sep 2015034,12642.992.76$94,134
Aug 2015038,95340.162.87$111,892
Jul 2015022,67048.152.95$66,765
Jun 2015025,56656.152.88$73,703
May 2015028,22655.212.96$83,421
Apr 2015033,69849.822.71$91,206
Mar 2015039,70342.892.93$116,517
Feb 2015038,60444.662.98$114,893
Jan 2015035,16343.433.10$109,027
Dec 2014041,43154.693.59$148,794
Nov 2014049,39770.464.25$210,028
Oct 2014047,42378.303.90$184,995
Sep 2014051,11186.164.05$206,766
Aug 2014055,79989.394.04$225,156
Jul 2014059,79496.564.18$249,915
Jun 2014061,79898.164.74$292,730
May 2014068,56194.734.73$324,058
Apr 2014070,66795.944.81$339,846
Mar 2014079,36995.895.06$401,353
Feb 2014077,50997.406.19$479,936
Jan 2014092,67290.404.86$450,453
Dec 20130102,48291.824.35$446,256
Nov 20130110,74288.853.74$413,985
Oct 20130125,40997.423.78$473,966
Sep 20130138,626104.113.72$515,375
Aug 20130163,516104.253.52$576,003
Jul 20130188,159102.523.72$699,526
Jun 20130209,66294.403.93$824,687
May 20130252,62494.834.15$1,048,157
Apr 20130270,63193.964.28$1,159,002
Mar 20130312,40593.623.91$1,222,400
Feb 20130306,28491.233.42$1,047,464
Jan 20130358,90891.603.42$1,227,433
Dec 20120372,61886.773.42$1,274,413
Nov 20120390,19086.953.62$1,414,423
Oct 20120432,42089.383.40$1,470,090
Sep 20120316,96394.672.92$925,025
Aug 20120429,48392.662.91$1,249,005
Jul 20120514,98385.133.02$1,555,661
Jun 20120515,96879.822.52$1,299,744
May 20120555,02991.612.49$1,381,090
Apr 20120557,740101.652.00$1,113,695
Mar 20120390,346105.052.22$867,380

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                5,414 Mcf  × $  3.05 =    $16,490

────────────────────────────────────────────────────
Month total                                  $16,490

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/265935 is the state's own key, not one this site invented.