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 273064District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.6 M
May 2014 – May 2026
Value, last 12 filed months
$320 k
at the published price for each month
Months reported
145
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 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 Gas112014-09-15214087
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
CondensateDisposition24,338 bbl$1,520,389
GasProduction2,460,250 Mcf$8,074,806
Total$9,595,195

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 32.4417, -94.5595. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.44173, -94.55954 · 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
10,408 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 10,408 ft.

Completions filed
Feb 2015
1 of 1 wells

1 well

42-2033517513H10,408 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 202637,204106.413.05$22,261
Apr 202617,00398.932.87$20,196
Mar 2026196,93489.753.15$23,543
Feb 202636,58763.503.75$24,894
Jan 202647,31059.138.00$58,701
Dec 202537,75656.664.41$34,400
Nov 202537,46958.593.93$29,502
Oct 202518,05959.383.30$26,693
Sep 202505,95962.743.08$18,335
Aug 2025106,87963.933.01$21,378
Jul 202535,96266.743.32$19,965
Jun 202546,44366.483.13$20,424
May 202526,65960.553.23$21,645
Apr 202536,66262.363.54$23,791
Mar 2025166,90867.704.27$30,569
Feb 202536,29570.884.34$27,538
Jan 202536,68874.324.28$28,839
Dec 202426,98468.993.12$21,938
Nov 202486,09869.052.20$13,958
Oct 202497,11471.372.28$16,872
Sep 202406,84769.612.36$16,189
Aug 202466,93475.632.06$14,763
Jul 202476,90579.932.15$15,382
Jun 202417,03678.082.63$18,611
May 202467,30378.812.20$16,528
Apr 202417,33984.451.66$12,261
Mar 202417,90480.301.55$12,293
Feb 2024397,28176.091.78$15,954
Jan 20241137,49973.023.30$32,980
Dec 20231387,69471.262.61$29,921
Nov 202313210,04577.892.81$38,483
Oct 20231209,33585.443.09$39,073
Sep 20232008,57689.042.74$41,264
Aug 202377,77780.522.67$21,351
Jul 2023127,23274.852.64$20,004
Jun 202357,53868.962.26$17,369
May 2023237,32070.622.23$17,929
Apr 2023287,22978.122.24$18,364
Mar 2023387,18172.852.39$19,954
Feb 2023286,33475.112.47$17,721
Jan 202307,85176.533.39$26,597
Dec 2022427,29176.415.73$44,980
Nov 2022114,29385.005.65$25,174
Oct 2022417,01187.185.86$44,685
Sep 2022237,18384.888.16$60,592
Aug 2022517,98294.529.13$77,674
Jul 2022287,624101.587.54$60,345
Jun 2022287,798115.097.98$65,429
May 2022308,282109.378.43$73,124
Apr 2022258,479104.226.84$60,582
Mar 2022378,172108.885.08$45,513
Feb 2022557,30591.054.86$40,502
Jan 2022419,28181.844.54$45,470
Dec 2021559,68071.323.90$41,666
Nov 2021509,43777.435.24$53,292
Oct 2021759,10279.795.71$57,992
Sep 20211389,12569.865.35$58,468
Aug 20211389,88766.024.22$50,840
Jul 202113310,36970.783.98$50,704
Jun 202159,50469.493.38$32,477
May 202109,78163.483.02$29,516
Apr 202169,68260.362.76$27,069
Mar 20211010,13461.302.72$28,146
Feb 202127,63257.805.55$42,458
Jan 2021511,09850.412.81$31,440
Dec 2020712,16044.642.68$32,846
Nov 2020010,52338.772.71$28,481
Oct 202010412,02336.972.48$33,643
Sep 20209710,69337.091.99$24,888
Aug 2020912,85439.982.39$31,018
Jul 20208812,82338.371.83$26,780
Jun 20201512,46234.901.69$21,588
May 202013413,00416.921.81$25,866
Apr 2020013,06314.751.80$23,571
Mar 202011312,33430.341.86$26,323
Feb 202010511,69249.881.98$28,395
Jan 202010214,21157.252.09$35,608
Dec 201910312,19059.012.30$34,168
Nov 2019712,38855.302.75$34,463
Oct 201910011,45153.472.42$33,042
Sep 201911812,75555.052.66$40,390
Aug 20199713,09653.112.30$35,330
Jul 20199212,75556.272.46$36,555
Jun 20199211,86252.782.49$34,406
May 20198913,79158.482.74$42,996
Apr 20199013,55262.632.75$42,914
Mar 20199914,03656.803.06$48,603
Feb 2019511,76550.852.79$33,105
Jan 201919313,99246.033.23$54,052
Dec 20182312,30746.594.19$52,582
Nov 201820512,15652.934.24$62,359
Oct 201810612,95161.443.40$50,521
Sep 20189312,73559.543.11$45,118
Aug 20189713,20859.403.07$46,265
Jul 20189313,49665.142.93$45,627
Jun 201817313,10560.183.08$50,734
May 20189212,97465.382.90$43,650
Apr 201811312,38363.842.90$43,135
Mar 201818613,45161.222.79$48,873
Feb 20189813,49861.782.77$43,392
Jan 201819016,08062.874.01$76,415
Dec 201718215,97957.272.92$57,106
Nov 201717314,58955.423.12$55,081
Oct 20171715,80549.292.98$47,995
Sep 201717617,68147.523.09$62,950
Aug 201714020,07745.373.00$66,671
Jul 201716320,25243.873.09$69,674
Jun 201718020,28142.493.09$70,261
May 201720822,18545.373.26$81,835
Apr 201717722,51047.933.21$80,777
Mar 201718224,03246.772.98$80,216
Feb 201718322,23950.452.95$74,895
Jan 201711325,45349.413.42$92,602
Dec 201619725,02248.763.72$102,758
Nov 201619525,56642.492.64$75,891
Oct 201620826,88846.193.09$92,698
Sep 201613527,30041.553.10$90,256
Aug 201625029,36641.442.92$96,236
Jul 201631830,34741.622.92$101,980
Jun 201621529,67945.352.69$89,463
May 201622232,63042.521.99$74,407
Apr 201626333,31736.561.99$75,951
Mar 201622136,49433.011.79$72,766
Feb 201617935,51926.472.06$78,036
Jan 201630138,26927.352.36$98,714
Dec 201536429,87132.362.00$71,563
Nov 201524124,50038.792.17$62,448
Oct 201535627,39643.552.43$81,982
Sep 201543222,47842.992.76$80,575
Aug 201548926,10640.162.87$94,627
Jul 201547129,77448.152.95$110,365
Jun 201547930,22056.152.88$114,016
May 201543031,48555.212.96$116,793
Apr 201557930,33949.822.71$110,960
Mar 201566533,66342.892.93$127,313
Feb 201555430,67344.662.98$116,030
Jan 201580842,93943.433.10$168,229
Dec 201492347,91554.693.59$222,559
Nov 201476851,97870.464.25$275,115
Oct 20141,17861,55378.303.90$332,353
Sep 20141,24168,40286.164.05$383,641
Aug 20141,49586,15289.394.04$481,272
Jul 20141,799109,27696.564.18$630,441
Jun 20141,09890,41298.164.74$536,050
May 2014811,55494.734.73$55,369

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             3 bbl  × $106.41 =       $319
Gas                7,204 Mcf  × $  3.05 =    $21,942

────────────────────────────────────────────────────
Month total                                  $22,261

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/273064 is the state's own key, not one this site invented.