MineralRecord
Log inSign up

SWEPCO GAS UNIT

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 273057District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.5 M
May 2014 – May 2026
Value, last 12 filed months
$331 k
at the published price for each month
Months reported
145
no gaps in the span
Streams
2
condensate, gas

The OAK HILL (COTTON VALLEY) 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 2,275 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 Gas112014-09-26214285
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
CondensateDisposition25,470 bbl$1,661,732
GasProduction2,113,816 Mcf$6,834,903
Total$8,496,635

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 32.4418, -94.5628. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.44179, -94.56285 · 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
10,616 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 10,616 ft.

Completions filed
Feb 2015
1 of 1 wells

1 well

42-2033519614H10,616 ftFeb 2015——

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 (145)

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

145 months

May 20261044,968106.413.05$26,198
Apr 2026864,71098.932.87$22,024
Mar 2026815,62689.753.15$24,989
Feb 2026784,57563.503.75$22,111
Jan 20261015,73959.138.00$51,872
Dec 2025816,25456.664.41$32,191
Nov 2025716,15358.593.93$28,319
Oct 2025956,83959.383.30$28,243
Sep 2025555,14462.743.08$19,278
Aug 2025476,24563.933.01$21,832
Jul 20251136,06766.743.32$27,655
Jun 20251195,95166.483.13$26,530
May 20251246,56060.553.23$28,712
Apr 20251126,39062.363.54$29,625
Mar 20252686,74567.704.27$46,933
Feb 20251346,28470.884.34$36,776
Jan 20251607,17274.324.28$42,578
Dec 20241487,29868.993.12$32,990
Nov 20241446,09069.052.20$23,332
Oct 20242207,75871.372.28$33,401
Sep 20241126,60569.612.36$23,413
Aug 20241776,85875.632.06$27,539
Jul 2024707,23579.932.15$21,126
Jun 20242337,04778.082.63$36,754
May 2024577,11678.812.20$20,136
Apr 20241616,96984.451.66$25,159
Mar 20241647,28880.301.55$24,430
Feb 20241596,86376.091.78$24,339
Jan 20241617,21573.023.30$35,549
Dec 20231446,90971.262.61$28,299
Nov 20231287,14177.892.81$30,019
Oct 20231208,22885.443.09$35,655
Sep 20231987,26489.042.74$37,497
Aug 202377,27080.522.67$19,995
Jul 2023126,76674.852.64$18,773
Jun 202356,21868.962.26$14,388
May 2023246,49870.622.23$16,169
Apr 2023286,46578.122.24$16,654
Mar 2023376,44172.852.39$18,110
Feb 2023255,83575.112.47$16,265
Jan 202306,96376.533.39$23,589
Dec 2022527,61476.415.73$47,595
Nov 2022114,32885.005.65$25,372
Oct 2022397,10687.185.86$45,068
Sep 2022267,28584.888.16$61,679
Aug 2022467,44894.529.13$72,327
Jul 2022267,675101.587.54$60,527
Jun 2022266,967115.097.98$58,569
May 2022408,420109.378.43$75,381
Apr 2022267,078104.226.84$51,106
Mar 2022607,593108.885.08$45,078
Feb 2022575,83191.054.86$33,522
Jan 2022387,53781.844.54$37,310
Dec 2021658,44271.323.90$37,552
Nov 2021598,40877.435.24$48,600
Oct 20211018,09779.795.71$54,324
Sep 20211128,68569.865.35$54,297
Aug 20211126,65466.024.22$35,478
Jul 20211338,15670.783.98$41,892
Jun 202158,28169.493.38$28,342
May 202107,97663.483.02$24,069
Apr 202178,29760.362.76$23,309
Mar 2021128,47161.302.72$23,751
Feb 202127,29457.805.55$40,582
Jan 202148,37950.412.81$23,749
Dec 202069,28144.642.68$25,099
Nov 202008,78538.772.71$23,777
Oct 20201119,31336.972.48$27,185
Sep 20201067,96137.091.99$19,782
Aug 202099,45039.982.39$22,899
Jul 20201109,56738.371.83$21,682
Jun 2020189,92534.901.69$17,405
May 2020509,90216.921.81$18,816
Apr 2020110,23014.751.80$18,474
Mar 20201079,56430.341.86$20,999
Feb 20201039,54049.881.98$24,033
Jan 20201036,31457.252.09$19,123
Dec 20191069,60359.012.30$28,384
Nov 2019710,45055.302.75$29,132
Oct 20199911,33553.472.42$32,708
Sep 20199410,08055.052.66$31,960
Aug 20199810,96353.112.30$30,467
Jul 201910111,18856.272.46$33,206
Jun 201910910,54352.782.49$32,018
May 201910411,15058.482.74$36,636
Apr 201910112,31062.632.75$40,187
Mar 201910411,50856.803.06$41,146
Feb 201958,46350.852.79$23,885
Jan 201920210,99946.033.23$44,805
Dec 2018169,40746.594.19$40,118
Nov 201820810,34152.934.24$54,827
Oct 201810610,92861.443.40$43,647
Sep 20189710,06659.543.11$37,061
Aug 201810411,26459.403.07$40,719
Jul 20189811,21465.142.93$39,262
Jun 201823111,60760.183.08$49,615
May 201813712,00665.382.90$43,784
Apr 201812212,13063.842.90$42,975
Mar 201818911,95061.222.79$44,873
Feb 201811011,45061.782.77$38,468
Jan 201821113,04362.874.01$65,559
Dec 201718714,74457.272.92$53,784
Nov 201719114,58955.423.12$56,079
Oct 20171215,80549.292.98$47,749
Sep 201718114,84247.523.09$54,423
Aug 201714317,45245.373.00$58,921
Jul 201716817,22043.873.09$60,533
Jun 201718217,55942.493.09$61,943
May 201720919,29245.373.26$72,440
Apr 201717819,27347.933.21$70,429
Mar 201718520,55746.772.98$69,988
Feb 201718719,24150.452.95$66,245
Jan 201711422,57849.413.42$82,822
Dec 201620422,13048.763.72$92,333
Nov 201619622,23042.492.64$67,112
Oct 201620623,28946.193.09$81,484
Sep 201612823,47741.553.10$78,112
Aug 201625225,19741.442.92$84,127
Jul 201632625,79441.622.92$88,999
Jun 201621424,82445.352.69$76,378
May 201622026,75442.521.99$62,623
Apr 201626027,11436.561.99$63,491
Mar 201621329,40833.011.79$59,789
Feb 201616628,30126.472.06$62,797
Jan 201622430,90527.352.36$79,197
Dec 201524532,89632.362.00$73,767
Nov 201512434,41938.792.17$79,407
Oct 201518236,39943.552.43$96,251
Sep 201526026,21542.992.76$83,489
Aug 201523031,91740.162.87$100,918
Jul 201523033,63848.152.95$110,141
Jun 201523633,89256.152.88$110,957
May 201527635,10755.212.96$118,995
Apr 201532136,72949.822.71$115,402
Mar 201549935,77442.892.93$126,388
Feb 201556028,49544.662.98$109,816
Jan 201570136,52543.433.10$143,695
Dec 201481840,56354.693.59$190,413
Nov 201464742,26670.464.25$225,296
Oct 20141,13948,10678.303.90$276,843
Sep 20141,24350,93086.164.05$313,131
Aug 20141,49560,91989.394.04$379,454
Jul 20141,79068,62996.564.18$459,684
Jun 20141,02250,10498.164.74$337,656
May 201414,10494.734.73$19,493

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           104 bbl  × $106.41 =    $11,067
Gas                4,968 Mcf  × $  3.05 =    $15,132

────────────────────────────────────────────────────
Month total                                  $26,198

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/273057 is the state's own key, not one this site invented.