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PHELPS UNIT

Operated by APEX NATURAL GAS, LLC (P-5 103154) 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 268869District 06Field 160323002 tax incentive programmesGasSaveExport
Value, all time
$21.2 M
Mar 2013 – May 2026
Value, last 12 filed months
$121 k
at the published price for each month
Months reported
159
no gaps in the span
Streams
1
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 Gas112013-08-09210752
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
GasProduction5,497,021 Mcf$21,238,824
Total$21,238,824

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 31.4714, -94.1736. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47139, -94.17362 · 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
13,602 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 13,602 ft.

Completions filed
Mar 2013
1 of 1 wells

1 well

42-405305001H13,602 ftMar 2013——

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 (159)

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

159 months

May 20262,613106.413.05$7,959
Apr 20261,78898.932.87$5,131
Mar 20262,47089.753.15$7,779
Feb 20262,08863.503.75$7,831
Jan 20262,88159.138.00$23,042
Dec 20252,74556.664.41$12,115
Nov 20253,56758.593.93$14,006
Oct 20253,52659.383.30$11,653
Sep 20253,28562.743.08$10,108
Aug 20253,52163.933.01$10,615
Jul 20252,38666.743.32$7,910
Jun 202587366.483.13$2,731
May 202588760.553.23$2,867
Apr 20252,26762.363.54$8,032
Mar 20253,11567.704.27$13,296
Feb 20253,22270.884.34$13,986
Jan 20253,52874.324.28$15,095
Dec 20243,65268.993.12$11,399
Nov 20243,11669.052.20$6,850
Oct 20243,43571.372.28$7,837
Sep 20243,52469.612.36$8,332
Aug 20242,75575.632.06$5,685
Jul 20243,00179.932.15$6,442
Jun 20242,87878.082.63$7,581
May 20242,35178.812.20$5,169
Apr 20242,18484.451.66$3,624
Mar 20241,78980.301.55$2,764
Feb 202460676.091.78$1,081
Jan 20243,64173.023.30$12,007
Dec 20232,41271.262.61$6,297
Nov 20232,43477.892.81$6,834
Oct 20231,56485.443.09$4,829
Sep 20231,34989.042.74$3,690
Aug 20231,15780.522.67$3,093
Jul 20234,60674.852.64$12,168
Jun 20235,39168.962.26$12,175
May 20236,24870.622.23$13,917
Apr 20236,06878.122.24$13,579
Mar 20236,27072.852.39$15,005
Feb 20235,65075.112.47$13,931
Jan 20236,57676.533.39$22,278
Dec 20226,23676.415.73$35,727
Nov 20227,22785.005.65$40,805
Oct 20225,84687.185.86$34,280
Sep 20226,08884.888.16$49,700
Aug 20226,83394.529.13$62,366
Jul 20226,429101.587.54$48,488
Jun 20226,384115.097.98$50,926
May 20226,809109.378.43$57,421
Apr 20226,743104.226.84$46,106
Mar 20227,838108.885.08$39,789
Feb 20226,75591.054.86$32,821
Jan 20227,50481.844.54$34,051
Dec 20217,55071.323.90$29,438
Nov 20217,36877.435.24$38,585
Oct 20217,84279.795.71$44,808
Sep 20217,50269.865.35$40,143
Aug 20217,83366.024.22$33,060
Jul 20217,59570.783.98$30,244
Jun 20217,51869.493.38$25,416
May 20217,75763.483.02$23,408
Apr 20218,11460.362.76$22,382
Mar 20218,51961.302.72$23,146
Feb 20217,31657.805.55$40,589
Jan 20218,42050.412.81$23,662
Dec 20208,49644.642.68$22,731
Nov 20208,65638.772.71$23,428
Oct 20208,31236.972.48$20,601
Sep 20208,73437.091.99$17,390
Aug 20209,23139.982.39$22,017
Jul 20209,10738.371.83$16,621
Jun 20209,24534.901.69$15,627
May 20209,99716.921.81$18,142
Apr 20209,93014.751.80$17,917
Mar 20209,47130.341.86$17,580
Feb 20209,15449.881.98$18,131
Jan 20209,83457.252.09$20,600
Dec 201910,29659.012.30$23,726
Nov 20199,34655.302.75$25,708
Oct 201910,30353.472.42$24,918
Sep 20199,40155.052.66$24,981
Aug 201910,34753.112.30$23,843
Jul 201911,41956.272.46$28,091
Jun 201910,99252.782.49$27,383
May 201912,14858.482.74$33,289
Apr 201911,61362.632.75$31,944
Mar 201911,70456.803.06$35,839
Feb 201910,76350.852.79$30,053
Jan 201911,12846.033.23$35,923
Dec 201811,65746.594.19$48,790
Nov 201811,42152.934.24$48,394
Oct 201812,08761.443.40$41,073
Sep 201812,82959.543.11$39,873
Aug 201813,44259.403.07$41,221
Jul 201812,99765.142.93$38,106
Jun 201813,32160.183.08$40,988
May 201813,23565.382.90$38,392
Apr 201813,81863.842.90$40,083
Mar 201814,80661.222.79$41,262
Feb 201813,84361.782.77$38,291
Jan 201815,11962.874.01$60,617
Dec 201715,00257.272.92$43,829
Nov 201715,50055.423.12$48,335
Oct 201714,86349.292.98$44,346
Sep 201714,24047.523.09$43,963
Aug 201715,32345.373.00$46,036
Jul 201715,93143.873.09$49,183
Jun 201715,53342.493.09$47,955
May 201717,16645.373.26$56,020
Apr 201717,12647.933.21$55,002
Mar 201718,80546.772.98$56,108
Feb 201717,88450.452.95$52,804
Jan 201719,53749.413.42$66,793
Dec 201614,91148.763.72$55,511
Nov 201617,62442.492.64$46,604
Oct 201619,92246.193.09$61,564
Sep 201620,10541.553.10$62,338
Aug 201621,56841.442.92$63,072
Jul 201622,69141.622.92$66,356
Jun 201622,47045.352.69$60,351
May 201623,80642.521.99$47,399
Apr 201623,77736.561.99$47,341
Mar 201625,73433.011.79$46,167
Feb 201625,00226.472.06$51,595
Jan 201628,46427.352.36$67,299
Dec 201529,40332.362.00$58,847
Nov 201529,52638.792.17$63,993
Oct 201532,28343.552.43$78,337
Sep 201532,51642.992.76$89,693
Aug 201535,90140.162.87$103,125
Jul 201538,01848.152.95$111,966
Jun 201528,89356.152.88$83,294
May 201538,82655.212.96$114,748
Apr 201542,58649.822.71$115,262
Mar 201547,67342.892.93$139,906
Feb 201550,45844.662.98$150,173
Jan 201536,55143.433.10$113,331
Dec 201436,66954.693.59$131,692
Nov 201439,63670.464.25$168,526
Oct 201461,37778.303.90$239,429
Sep 201438,57086.164.05$156,033
Aug 201483,70989.394.04$337,776
Jul 201495,40496.564.18$398,751
Jun 2014105,17698.164.74$498,206
May 2014119,02294.734.73$562,565
Apr 2014133,97895.944.81$644,316
Mar 2014157,27695.895.06$795,313
Feb 2014160,50697.406.19$993,853
Jan 2014200,48490.404.86$974,497
Dec 2013190,75591.824.35$830,639
Nov 2013159,70188.853.74$597,007
Oct 2013245,42797.423.78$927,557
Sep 2013263,084104.113.72$978,078
Aug 2013292,362104.253.52$1,029,877
Jul 2013336,632102.523.72$1,251,510
Jun 2013368,59594.403.93$1,449,835
May 2013297,09694.834.15$1,232,675
Apr 2013457,95993.964.28$1,961,251
Mar 201348,33893.623.91$189,140

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
Gas                2,613 Mcf  × $  3.05 =     $7,959

────────────────────────────────────────────────────
Month total                                   $7,959

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/268869 is the state's own key, not one this site invented.