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WALLACE, J GU

Operated by SABINE ENERGY INC. (P-5 103925) in the HENDERSON, E. (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 278357District 06Field 403562002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.7 M
Jul 2015 – May 2026
Value, last 12 filed months
$414 k
at the published price for each month
Months reported
131
no gaps in the span
Streams
2
condensate, gas

The HENDERSON, E. (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 328 leases and 328 wells, and the rule below applies to all of them.

Discovered
1980-01-13
as the register files it
Field class
Gas
the register's own label
Between wells
330 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 2013-08-06.

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 Gas112015-12-04217898
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
CondensateDisposition83,057 bbl$4,193,290
GasProduction2,544,553 Mcf$7,500,896
Total$11,694,186

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 32.1703, -94.8761. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.17031, -94.87610 · 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
10,922 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 10,922 ft.

Completions filed
Jan 2016
1 of 1 wells

1 well

42-401353485H10,922 ftJan 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 (131)

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

131 months

May 20263586,338106.413.05$57,399
Apr 202625,48298.932.87$15,930
Mar 202603,95489.753.15$12,453
Feb 20263576,52663.503.75$47,144
Jan 202635,53459.138.00$44,438
Dec 20253586,30756.664.41$48,119
Nov 202546,20458.593.93$24,594
Oct 20251856,77159.383.30$33,362
Sep 20251776,59762.743.08$31,403
Aug 20251816,83363.933.01$32,171
Jul 20251856,84166.743.32$35,026
Jun 20251566,74166.483.13$31,462
May 20251806,97160.553.23$33,432
Apr 20253626,54262.363.54$45,753
Mar 20251846,89767.704.27$41,895
Feb 202556,27070.884.34$27,571
Jan 20253466,95574.324.28$55,473
Dec 20241906,86368.993.12$34,530
Nov 20241846,91669.052.20$27,910
Oct 20241827,15871.372.28$29,320
Sep 20243617,02369.612.36$41,734
Aug 20241847,37675.632.06$29,137
Jul 20241917,45479.932.15$31,267
Jun 20241907,39378.082.63$34,308
May 20241847,68278.812.20$31,389
Apr 20241817,34084.451.66$27,464
Mar 20243547,54980.301.55$40,090
Feb 20241787,23776.091.78$26,452
Jan 20241797,74473.023.30$38,608
Dec 20233587,26771.262.61$44,483
Nov 20231876,97777.892.81$34,154
Oct 20231797,65585.443.09$38,927
Sep 20231777,49789.042.74$36,265
Aug 20233498,00480.522.67$49,495
Jul 20231948,36574.852.64$36,620
Jun 20231888,64068.962.26$32,478
May 20231808,18570.622.23$30,943
Apr 20235148,17678.122.24$58,450
Mar 20231898,70572.852.39$34,601
Feb 20231796,51975.112.47$29,518
Jan 20233668,84476.533.39$57,971
Dec 20221876,85176.415.73$53,539
Nov 20223728,03885.005.65$77,004
Oct 20221788,17787.185.86$63,466
Sep 20221788,29984.888.16$82,859
Aug 20223519,08094.529.13$116,051
Jul 20223308,458101.587.54$97,312
Jun 20221838,364115.097.98$87,783
May 20223708,973109.378.43$116,137
Apr 20221838,727104.226.84$78,744
Mar 20223739,424108.885.08$88,452
Feb 20223848,76891.054.86$77,566
Jan 20223639,73181.844.54$73,864
Dec 20213679,85471.323.90$64,596
Nov 20211709,49777.435.24$62,897
Oct 202136810,15479.795.71$87,381
Sep 20213598,39669.865.35$70,006
Aug 20213618,54766.024.22$59,907
Jul 20213418,61070.783.98$58,422
Jun 20213638,43169.493.38$53,727
May 20211998,71063.483.02$38,916
Apr 20213519,27160.362.76$46,760
Mar 202137210,80761.302.72$52,166
Feb 20213598,96657.805.55$70,493
Jan 202134210,91050.412.81$47,900
Dec 202036611,35344.642.68$46,713
Nov 202036211,09538.772.71$44,064
Oct 202036111,84336.972.48$42,698
Sep 202036511,82837.091.99$37,088
Aug 202034312,44639.982.39$43,398
Jul 202055112,59438.371.83$44,127
Jun 202034712,12434.901.69$32,604
May 202035612,45616.921.81$28,628
Apr 202053712,05614.751.80$29,674
Mar 202035712,74030.341.86$34,480
Feb 202053612,97949.881.98$52,443
Jan 202036615,42457.252.09$53,263
Dec 201937514,01559.012.30$54,424
Nov 201954313,94955.302.75$68,397
Oct 201954214,49653.472.42$64,040
Sep 201936614,52455.052.66$58,743
Aug 201953515,23053.112.30$63,509
Jul 201953515,15356.272.46$67,382
Jun 201936214,79352.782.49$55,959
May 201952815,63558.482.74$73,722
Apr 201955815,59662.632.75$77,847
Mar 201953216,63956.803.06$81,168
Feb 201936715,61350.852.79$62,257
Jan 201972217,35646.033.23$89,262
Dec 201856017,69446.594.19$100,148
Nov 201872717,13552.934.24$111,085
Oct 201854318,10861.443.40$94,894
Sep 201853917,92059.543.11$87,787
Aug 201853018,97659.403.07$89,673
Jul 201871319,33165.142.93$103,121
Jun 201854818,37660.183.08$89,520
May 201871918,96065.382.90$102,007
Apr 201854420,05963.842.90$92,916
Mar 201872719,23961.222.79$98,123
Feb 201854418,96461.782.77$86,065
Jan 201871821,82662.874.01$132,648
Dec 201789422,58257.272.92$117,173
Nov 201788822,58555.423.12$119,641
Oct 201753822,60449.292.98$93,961
Sep 201789524,24347.523.09$117,375
Aug 201792024,72445.373.00$116,021
Jul 201788624,31043.873.09$113,921
Jun 201772026,41542.493.09$112,143
May 201790127,73045.373.26$131,372
Apr 20171,07527,81347.933.21$140,849
Mar 201790930,58046.772.98$133,755
Feb 20171,08526,59750.452.95$133,269
Jan 201790032,21549.413.42$154,606
Dec 20161,27634,07348.763.72$189,066
Nov 20161,26434,59542.492.64$145,189
Oct 20161,06037,57346.193.09$165,072
Sep 20161,25637,94741.553.10$169,846
Aug 20161,41741,44241.442.92$179,911
Jul 20161,60544,12341.622.92$195,831
Jun 20161,45545,26845.352.69$187,566
May 20161,60649,49542.521.99$166,834
Apr 20161,62550,90836.561.99$160,770
Mar 20161,77557,38733.011.79$161,546
Feb 20162,15555,52926.472.06$171,634
Jan 20162,30659,07627.352.36$202,746
Dec 20152,78869,15732.362.00$228,631
Nov 20152,81179,24038.792.17$280,778
Oct 20153,79198,31943.552.43$403,677
Sep 20153,868122,91642.992.76$505,339
Aug 20154,827176,69440.162.87$701,404
Jul 20151,27274,51348.152.95$280,694

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           358 bbl  × $106.41 =    $38,095
Gas                6,338 Mcf  × $  3.05 =    $19,305

────────────────────────────────────────────────────
Month total                                  $57,399

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/278357 is the state's own key, not one this site invented.