SABINE ROYALTY UNIT

Operated by AGIS ENERGY LLC (P-5 103297) in the CARTHAGE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 277585District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$19.0 M
Jul 2014 – May 2026
Value, last 12 filed months
$920 k
at the published price for each month
Months reported
143
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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered
1968-05-01
as the register files it
Field class
Oil and 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 40 acres. The field rule took effect on 2011-02-08.

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 Gas112016-07-13214660
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
CondensateDisposition13,465 bbl$729,044
GasProduction5,365,913 Mcf$18,275,944
Total$19,004,988

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 32.1326, -94.0675. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.13264, -94.06749 · 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
9,881 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 9,881 ft.

Completions filed
Jul 2014
1 of 1 wells

1 well

42-365381013H9,881 ftJul 2014

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 (143)

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

143 months

May 2026015,091106.413.05$45,965
Apr 2026014,33198.932.87$41,126
Mar 2026015,52889.753.15$48,905
Feb 2026011,85463.503.75$44,456
Jan 2026013,44859.138.00$107,556
Dec 2025124,85856.664.41$109,764
Nov 2025023,69858.593.93$93,049
Oct 2025026,42359.383.30$87,324
Sep 2025026,61262.743.08$81,883
Aug 2025027,31763.933.01$82,354
Jul 2025028,39866.743.32$94,145
Jun 2025026,80566.483.13$83,865
May 2025228,99260.553.23$93,833
Apr 2025228,61862.363.54$101,522
Mar 2025230,18967.704.27$128,992
Feb 2025224,97970.884.34$108,572
Jan 2025225,65974.324.28$109,935
Dec 2024112,23768.993.12$38,265
Nov 20241327,71369.052.20$61,823
Oct 2024730,37571.372.28$69,797
Sep 2024530,86469.612.36$73,322
Aug 2024831,32375.632.06$65,244
Jul 2024930,60079.932.15$66,405
Jun 2024729,31478.082.63$77,759
May 20241030,83978.812.20$68,586
Apr 20248030,38384.451.66$57,167
Mar 20245231,03180.301.55$52,123
Feb 20246129,19876.091.78$56,720
Jan 202410230,51073.023.30$108,060
Dec 20234131,38971.262.61$84,870
Nov 2023030,27577.892.81$84,999
Oct 2023026,41585.443.09$81,551
Sep 2023024,67289.042.74$67,479
Aug 2023025,61380.522.67$68,460
Jul 2023026,28874.852.64$69,448
Jun 2023024,69468.962.26$55,771
May 2023026,56470.622.23$59,169
Apr 2023022,56678.122.24$50,497
Mar 2023026,62172.852.39$63,708
Feb 2023019,99675.112.47$49,304
Jan 2023030,27076.533.39$102,546
Dec 2022022,51576.415.73$128,990
Nov 2022028,33885.005.65$160,002
Oct 2022031,71687.185.86$185,975
Sep 2022031,73584.888.16$259,074
Aug 2022030,97094.529.13$282,668
Jul 2022033,261101.587.54$250,857
Jun 2022033,285115.097.98$265,521
May 2022035,328109.378.43$297,922
Apr 2022034,905104.226.84$238,666
Mar 2022027,900108.885.08$141,632
Feb 2022019,06891.054.86$92,648
Jan 2022028,07581.844.54$127,395
Dec 2021029,64971.323.90$115,605
Nov 2021028,42877.435.24$148,873
Oct 2021029,26079.795.71$167,188
Sep 2021027,93769.865.35$149,489
Aug 2021028,89666.024.22$121,958
Jul 2021028,38570.783.98$113,031
Jun 2021028,60869.493.38$96,713
May 2021031,12763.483.02$93,931
Apr 2021030,80160.362.76$84,962
Mar 2021030,75061.302.72$83,546
Feb 2021018,74057.805.55$103,969
Jan 2021027,98350.412.81$78,640
Dec 2020028,02044.642.68$74,966
Nov 2020029,74238.772.71$80,499
Oct 2020030,59036.972.48$75,815
Sep 2020031,06837.091.99$61,858
Aug 2020031,31439.982.39$74,687
Jul 20207932,17238.371.83$61,749
Jun 202010333,18834.901.69$59,693
May 2020135,28016.921.81$64,041
Apr 20205834,59114.751.80$63,271
Mar 20206737,47130.341.86$71,588
Feb 20204333,84849.881.98$69,187
Jan 20202934,72157.252.09$74,392
Dec 20194124,08659.012.30$57,922
Nov 20195523,98755.302.75$69,023
Oct 20196320,63453.472.42$53,273
Sep 20195520,14655.052.66$56,561
Aug 20195423,37253.112.30$56,725
Jul 20197122,56656.272.46$59,509
Jun 20197621,23752.782.49$56,917
May 20195522,70058.482.74$65,422
Apr 20195720,00962.632.75$58,609
Mar 2019337,58056.803.06$25,085
Feb 20196816,96350.852.79$50,822
Jan 201910223,52146.033.23$80,625
Dec 20189826,30846.594.19$114,676
Nov 201811724,61452.934.24$110,488
Oct 20189725,58361.443.40$92,893
Sep 20187925,39659.543.11$83,634
Aug 201814723,94059.403.07$82,145
Jul 20188324,62365.142.93$77,598
Jun 20187721,71160.183.08$71,437
May 20189123,53065.382.90$74,205
Apr 201810120,68863.842.90$66,460
Mar 201810421,78061.222.79$67,064
Feb 201811623,24161.782.77$71,454
Jan 20188823,57562.874.01$100,052
Dec 20177923,53457.272.92$73,279
Nov 20173711,06555.423.12$36,555
Oct 201761649.292.98$343
Sep 20175214,18247.523.09$46,255
Aug 20173423,84945.373.00$73,195
Jul 20176822,95743.873.09$73,858
Jun 201717123,44942.493.09$79,659
May 20178325,08545.373.26$85,628
Apr 201715324,57847.933.21$86,268
Mar 201720026,79946.772.98$89,314
Feb 201714924,68350.452.95$80,396
Jan 201719327,04649.413.42$102,001
Dec 201613327,38148.763.72$108,420
Nov 201613125,89042.492.64$74,028
Oct 201622327,39346.193.09$94,952
Sep 201613627,43541.553.10$90,717
Aug 201618429,02941.442.92$92,516
Jul 201618030,20341.622.92$95,815
Jun 201620528,36645.352.69$85,483
May 201616632,50842.521.99$71,783
Apr 201613131,39936.561.99$67,306
Mar 201616535,13333.011.79$68,476
Feb 201616235,90826.472.06$78,389
Jan 201619937,12127.352.36$93,210
Dec 201528241,27132.362.00$91,726
Nov 201535540,72438.792.17$102,033
Oct 201535344,44343.552.43$123,218
Sep 201533744,55942.992.76$137,400
Aug 201533247,69340.162.87$150,331
Jul 201530938,99548.152.95$129,722
Jun 201540473,63956.152.88$234,976
May 201550583,60055.212.96$274,957
Apr 201540392,38649.822.71$270,127
Mar 2015448113,95442.892.93$353,637
Feb 2015552117,93044.662.98$375,634
Jan 2015316106,65043.433.10$344,406
Dec 2014453125,37254.693.59$475,031
Nov 2014462141,56770.464.25$634,473
Oct 2014619204,40278.303.90$845,832
Sep 2014952358,11886.164.05$1,530,769
Aug 2014428372,47489.394.04$1,541,236
Jul 2014029,12296.564.18$121,718

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               15,091 Mcf  × $  3.05 =    $45,965

────────────────────────────────────────────────────
Month total                                  $45,965

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/277585 is the state's own key, not one this site invented.