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GRAY-HUDSON (SA)

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 276300District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$21.7 M
Dec 2014 – May 2026
Value, last 12 filed months
$983 k
at the published price for each month
Months reported
138
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 Gas112015-04-30216232
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
CondensateDisposition35,212 bbl$1,789,331
GasProduction6,577,490 Mcf$19,934,192
Total$21,723,523

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 32.1740, -94.8325. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.17397, -94.83250 · 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
10,735 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 10,735 ft.

Completions filed
Jun 2016
1 of 1 wells

1 well

42-401352941H10,735 ftJun 2016——

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 (138)

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

138 months

May 20267221,427106.413.05$72,925
Apr 20266920,68598.932.87$66,186
Mar 202615021,43389.753.15$80,964
Feb 20266721,52063.503.75$84,961
Jan 20267620,48859.138.00$168,355
Dec 20257521,57456.664.41$99,463
Nov 20256820,66558.593.93$85,124
Oct 20259021,33559.383.30$75,853
Sep 20254820,40862.743.08$65,805
Aug 20255017,96663.933.01$57,360
Jul 20254818,17966.743.32$63,471
Jun 202510117,81066.483.13$62,437
May 202516218,19160.553.23$68,608
Apr 2025817,53862.363.54$62,638
Mar 202514718,15567.704.27$87,443
Feb 202513617,83770.884.34$87,067
Jan 20259618,34174.324.28$85,610
Dec 2024016,47268.993.12$51,415
Nov 202410714,90469.052.20$40,154
Oct 2024815,39971.372.28$35,702
Sep 20248815,38869.612.36$42,508
Aug 2024715,90175.632.06$33,343
Jul 2024615,95779.932.15$34,733
Jun 20248015,82478.082.63$47,927
May 20245116,24478.812.20$39,731
Apr 2024816,40784.451.66$27,898
Mar 2024917,13780.301.55$27,202
Feb 20241716,15976.091.78$30,115
Jan 20241117,55273.023.30$58,684
Dec 20237417,55071.262.61$51,091
Nov 2023418,00877.892.81$50,870
Oct 202311418,78485.443.09$67,732
Sep 202310518,13089.042.74$58,935
Aug 202310118,43780.522.67$57,412
Jul 2023417,65974.852.64$46,951
Jun 202310119,07568.962.26$50,045
May 202310618,22370.622.23$48,076
Apr 2023918,81578.122.24$42,807
Mar 20231118,31072.852.39$44,620
Feb 20239618,16075.112.47$51,987
Jan 202312719,70476.533.39$76,471
Dec 20226118,99176.415.73$113,462
Nov 20226619,73185.005.65$117,015
Oct 202212721,73187.185.86$138,497
Sep 20225721,20484.888.16$177,941
Aug 20228921,04394.529.13$200,475
Jul 20221021,848101.587.54$165,795
Jun 202217520,602115.097.98$184,487
May 2022821,803109.378.43$184,741
Apr 202211621,388104.226.84$158,332
Mar 202211123,529108.885.08$131,528
Feb 202210121,73091.054.86$114,779
Jan 202224124,90581.844.54$132,734
Dec 202111325,15471.323.90$106,138
Nov 202111724,72677.435.24$138,546
Oct 202111726,29079.795.71$159,553
Sep 202111020,46169.865.35$117,170
Aug 202119820,63066.024.22$100,143
Jul 202112020,66970.783.98$90,799
Jun 202111321,21069.493.38$79,555
May 202122322,22463.483.02$81,221
Apr 202111521,36260.362.76$65,867
Mar 202123529,96461.302.72$95,816
Feb 202123920,45257.805.55$127,281
Jan 202113622,67550.412.81$70,579
Dec 202026323,37044.642.68$74,266
Nov 202014023,45738.772.71$68,916
Oct 202026625,22936.972.48$72,362
Sep 202010325,17237.091.99$53,939
Aug 202022625,91039.982.39$70,833
Jul 202022326,37438.371.83$56,692
Jun 202011325,53034.901.69$47,097
May 202011527,44716.921.81$51,755
Apr 202021026,73614.751.80$51,339
Mar 202022826,64830.341.86$56,382
Feb 202022924,05749.881.98$59,072
Jan 202023626,29357.252.09$68,588
Dec 201921326,93159.012.30$74,628
Nov 201921327,86555.302.75$88,427
Oct 201910028,52553.472.42$74,336
Sep 201922128,98055.052.66$89,174
Aug 201923829,95253.112.30$81,660
Jul 201912430,70056.272.46$82,501
Jun 201935830,40552.782.49$94,640
May 201913032,67658.482.74$97,145
Apr 201924932,04562.632.75$103,741
Mar 201923133,38956.803.06$115,361
Feb 201923329,52250.852.79$94,280
Jan 201936734,15146.033.23$127,139
Dec 201825937,02146.594.19$167,016
Nov 201834037,31452.934.24$176,105
Oct 20189341,34561.443.40$146,208
Sep 201835841,52759.543.11$150,381
Aug 201818348,17559.403.07$158,602
Jul 201819448,54065.142.93$154,951
Jun 201818346,69760.183.08$154,696
May 201819549,86565.382.90$157,397
Apr 201818653,57663.842.90$167,288
Mar 201837150,16161.222.79$162,503
Feb 201819750,46561.782.77$151,763
Jan 201818455,89862.874.01$235,681
Dec 201738154,01157.272.92$179,614
Nov 201736355,60955.423.12$193,526
Oct 201718462,94449.292.98$196,874
Sep 201736663,44547.523.09$213,265
Aug 201720358,33945.373.00$184,484
Jul 201719457,16043.873.09$184,980
Jun 201737163,88442.493.09$212,992
May 201719068,08845.373.26$230,819
Apr 201717966,58747.933.21$222,430
Mar 201736770,32646.772.98$226,995
Feb 201736861,63650.452.95$200,552
Jan 201719170,07849.413.42$249,020
Dec 201653672,26148.763.72$295,151
Nov 201637074,37742.492.64$212,400
Oct 201636173,00646.193.09$242,282
Sep 201651772,76841.553.10$247,108
Aug 201654577,67841.442.92$249,742
Jul 201634081,78741.622.92$253,324
Jun 201653281,69045.352.69$243,532
May 201655290,44242.521.99$203,545
Apr 201655393,61336.561.99$206,605
Mar 2016531102,67733.011.79$201,732
Feb 2016539102,70026.472.06$226,202
Jan 2016727116,54927.352.36$295,447
Dec 2015571123,42632.362.00$265,504
Nov 2015702124,71938.792.17$297,538
Oct 2015891142,35143.552.43$384,229
Sep 2015729137,75842.992.76$411,334
Aug 20151,023154,94640.162.87$486,165
Jul 2015878175,32248.152.95$558,613
Jun 20151,075185,50256.152.88$595,138
May 20151,073211,33955.212.96$683,842
Apr 20151,315228,55749.822.71$684,119
Mar 20151,797263,16442.892.93$849,383
Feb 20151,263200,90544.662.98$654,337
Jan 2015574220,48443.433.10$708,568
Dec 2014384103,34154.693.59$392,136

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            72 bbl  × $106.41 =     $7,662
Gas               21,427 Mcf  × $  3.05 =    $65,263

────────────────────────────────────────────────────
Month total                                  $72,925

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/276300 is the state's own key, not one this site invented.