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 278358District 06Field 40356200CondensateGasSave
Value, all time
$18.3 M
Jul 2015 – May 2026
Value, last 12 filed months
$668 k
at the published price for each month
Months reported
131
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition95,818 bbl$4,642,791
GasProduction4,669,987 Mcf$13,700,383
Total$18,343,173

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 32.1694, -94.8713. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.16937, -94.87129 · 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
10,902 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 10,902 ft.

Completions filed
Apr 2017
1 of 1 wells

1 well

42-401353476H10,902 ftApr 2017

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 2026511,566106.413.05$35,760
Apr 202635711,48298.932.87$68,268
Mar 202617911,86489.753.15$53,430
Feb 202618310,02963.503.75$49,232
Jan 2026510,40859.138.00$83,538
Dec 202527411,80456.664.41$67,620
Nov 202529411,55658.593.93$62,599
Oct 202515812,01859.383.30$49,100
Sep 202518012,00362.743.08$48,225
Aug 202517212,41663.933.01$48,427
Jul 202517512,47966.743.32$53,050
Jun 202515012,55066.483.13$49,237
May 202515812,89560.553.23$51,248
Apr 202518112,53362.363.54$55,693
Mar 202535312,93467.704.27$79,105
Feb 2025011,82870.884.34$51,343
Jan 202532612,98174.324.28$79,770
Dec 202418713,01268.993.12$53,516
Nov 202416813,13269.052.20$40,470
Oct 202416013,61371.372.28$42,476
Sep 202416913,41669.612.36$43,484
Aug 202417614,00175.632.06$42,204
Jul 2024514,22479.932.15$30,933
Jun 20244313,94578.082.63$40,088
May 202433614,40078.812.20$58,138
Apr 20247613,89184.451.66$29,466
Mar 202417414,34980.301.55$36,143
Feb 202431812,74476.091.78$46,927
Jan 202417013,45973.023.30$56,797
Dec 202333314,19171.262.61$60,778
Nov 202318113,74277.892.81$52,680
Oct 202318314,38685.443.09$60,049
Sep 202317813,63489.042.74$53,139
Aug 202315514,96780.522.67$52,486
Jul 202330514,72774.852.64$61,735
Jun 202315415,82168.962.26$46,351
May 202333916,38870.622.23$60,443
Apr 202317314,93378.122.24$46,931
Mar 202317514,82972.852.39$48,237
Feb 202333413,49975.112.47$58,371
Jan 202316714,95876.533.39$63,454
Dec 202235715,21776.415.73$114,458
Nov 202218714,99285.005.65$100,543
Oct 202235515,45987.185.86$121,597
Sep 202218015,12684.888.16$138,762
Aug 202242415,88694.529.13$185,071
Jul 202218316,012101.587.54$139,353
Jun 202235915,616115.097.98$165,889
May 202218116,428109.378.43$158,334
Apr 202237015,980104.226.84$147,826
Mar 202237116,411108.885.08$123,703
Feb 202237215,03591.054.86$106,923
Jan 202216816,82881.844.54$90,109
Dec 202136717,15471.323.90$93,060
Nov 202118216,73377.435.24$101,720
Oct 202134817,73279.795.71$129,085
Sep 202135819,23869.865.35$127,951
Aug 202119820,00066.024.22$97,484
Jul 202134120,26770.783.98$104,841
Jun 202135919,68769.493.38$91,501
May 202136120,04963.483.02$83,418
Apr 202136219,04960.362.76$74,395
Mar 202136919,15761.302.72$74,668
Feb 202117416,41657.805.55$101,132
Jan 202137019,01250.412.81$72,081
Dec 202036119,44844.642.68$68,147
Nov 202054919,28838.772.71$73,489
Oct 202035720,25636.972.48$63,401
Sep 202035819,96737.091.99$53,033
Aug 202036020,95139.982.39$64,363
Jul 202036321,10638.371.83$52,449
Jun 202035520,81334.901.69$47,570
May 202034821,99416.921.81$45,802
Apr 202067521,14414.751.80$48,108
Mar 202036521,49530.341.86$50,974
Feb 202054820,17749.881.98$67,298
Jan 202036521,82657.252.09$66,616
Dec 201954522,37359.012.30$83,716
Nov 201935921,99055.302.75$80,341
Oct 201936723,21253.472.42$75,763
Sep 201952723,04955.052.66$90,259
Aug 201953424,00853.112.30$83,684
Jul 201935824,34256.272.46$80,027
Jun 201953123,65652.782.49$86,958
May 201953625,02558.482.74$99,922
Apr 201954124,46962.632.75$101,190
Mar 201953025,74656.803.06$108,941
Feb 201971623,64750.852.79$102,436
Jan 201955826,47346.033.23$111,144
Dec 201855327,03046.594.19$138,897
Nov 201854826,56452.934.24$141,564
Oct 201852328,57461.443.40$129,230
Sep 201836130,24859.543.11$115,505
Aug 201853831,85959.403.07$129,655
Jul 201853531,46265.142.93$127,093
Jun 201871229,91160.183.08$134,882
May 201853831,09165.382.90$125,363
Apr 201871932,51563.842.90$140,220
Mar 201853930,79661.222.79$118,821
Feb 201891231,19461.782.77$142,630
Jan 201854435,20362.874.01$175,341
Dec 201790538,20957.272.92$163,458
Nov 201772739,18955.423.12$162,496
Oct 201771737,85349.292.98$148,282
Sep 201789342,15847.523.09$172,589
Aug 201791343,95045.373.00$173,466
Jul 201790841,03143.873.09$166,508
Jun 201789046,30442.493.09$180,770
May 201791350,26445.373.26$205,454
Apr 20171,07446,78347.933.21$201,725
Mar 201791656,10446.772.98$210,238
Feb 20171,08045,38350.452.95$188,484
Jan 20171,26458,43849.413.42$262,242
Dec 20161,26662,51748.763.72$294,470
Nov 20161,44164,25942.492.64$231,151
Oct 20161,42971,22146.193.09$286,097
Sep 20161,43874,01141.553.10$289,230
Aug 20161,60381,81341.442.92$305,677
Jul 20161,62588,37641.622.92$326,074
Jun 20161,86491,77545.352.69$331,024
May 20162,175102,74042.521.99$297,040
Apr 20162,356108,29636.561.99$301,757
Mar 20162,929125,69333.011.79$322,181
Feb 20162,761123,12226.472.06$327,162
Jan 20163,495117,85027.352.36$374,228
Dec 20153,926133,90732.362.00$395,048
Nov 20153,770151,04938.792.17$473,611
Oct 20154,785188,93143.552.43$666,843
Sep 20156,010231,92842.992.76$898,125
Aug 20156,824320,23440.162.87$1,193,921
Jul 20151,688126,60648.152.95$454,142

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             5 bbl  × $106.41 =       $532
Gas               11,566 Mcf  × $  3.05 =    $35,228

────────────────────────────────────────────────────
Month total                                  $35,760

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/278358 is the state's own key, not one this site invented.