MineralRecord
Log inSign up

SABINE ROYALTY TRUST

Operated by EQV OPERATING LLC (P-5 101634) 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 279700District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.3 M
Mar 2015 – May 2026
Value, last 12 filed months
$429 k
at the published price for each month
Months reported
135
no gaps in the span
Streams
2
condensate, gas

The CARTHAGE (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 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 Gas112016-04-22216407
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
CondensateDisposition45,465 bbl$2,284,683
GasProduction3,681,158 Mcf$10,992,824
Total$13,277,507

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 32.0779, -94.1650. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.07793, -94.16501 · 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
9,527 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 9,527 ft.

Completions filed
Mar 2015
1 of 1 wells

1 well

42-365380755H9,527 ftMar 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 (135)

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

135 months

May 2026828,210106.413.05$33,732
Apr 2026527,94598.932.87$27,944
Mar 2026488,20889.753.15$30,159
Feb 2026597,49763.503.75$31,863
Jan 2026408,43259.138.00$69,804
Dec 2025328,34156.664.41$38,625
Nov 20251248,21958.593.93$39,537
Oct 2025488,64259.383.30$31,411
Sep 2025728,56062.743.08$30,856
Aug 2025409,01263.933.01$29,726
Jul 2025668,92166.743.32$33,980
Jun 2025688,64766.483.13$31,575
May 2025648,99060.553.23$32,934
Apr 2025678,80362.363.54$35,368
Mar 2025639,13867.704.27$43,269
Feb 2025758,25570.884.34$41,150
Jan 2025689,30274.324.28$44,854
Dec 2024669,29768.993.12$33,573
Nov 2024629,04669.052.20$24,168
Oct 2024639,52971.372.28$26,236
Sep 2024669,36669.612.36$26,739
Aug 2024619,61775.632.06$24,459
Jul 2024629,65579.932.15$25,681
Jun 202407,17978.082.63$18,909
May 20241509,48278.812.20$32,667
Apr 202408,58784.451.66$14,248
Mar 20241619,87880.301.55$28,191
Feb 2024789,35676.091.78$22,623
Jan 2024829,97773.023.30$38,888
Dec 20238810,34971.262.61$33,289
Nov 20231579,96977.892.81$40,217
Oct 20239110,37385.443.09$39,799
Sep 20237910,17189.042.74$34,852
Aug 20238010,50180.522.67$34,510
Jul 20238010,59974.852.64$33,988
Jun 20237710,34968.962.26$28,683
May 20238210,79070.622.23$29,824
Apr 20237710,59678.122.24$29,727
Mar 202315411,10772.852.39$37,800
Feb 2023110,17475.112.47$25,161
Jan 202315911,39676.533.39$50,775
Dec 202215811,52376.415.73$78,089
Nov 20228711,33485.005.65$71,389
Oct 20227911,55487.185.86$74,637
Sep 20228111,19784.888.16$98,284
Aug 20228111,77794.529.13$115,147
Jul 20228312,022101.587.54$99,102
Jun 20228111,791115.097.98$103,381
May 20229012,240109.378.43$113,064
Apr 202216111,986104.226.84$98,735
Mar 20227712,566108.885.08$72,174
Feb 2022011,46691.054.86$55,711
Jan 202216212,88781.844.54$71,735
Dec 202116613,06871.323.90$62,793
Nov 202117013,13577.435.24$81,949
Oct 2021013,75379.795.71$78,583
Sep 2021013,66769.865.35$73,131
Aug 202113414,59066.024.22$70,425
Jul 20215614,91470.783.98$63,352
Jun 202110814,77969.493.38$57,467
May 20216015,48763.483.02$50,543
Apr 20215715,26360.362.76$45,542
Mar 20215716,00861.302.72$46,987
Feb 20215714,78457.805.55$85,315
Jan 20215516,53950.412.81$49,252
Dec 20205416,88244.642.68$47,578
Nov 202011016,68838.772.71$49,432
Oct 20205917,66836.972.48$45,970
Sep 20205417,39437.091.99$36,635
Aug 202010715,71539.982.39$41,760
Jul 20205414,90838.371.83$29,281
Jun 20205114,53434.901.69$26,347
May 202010815,04816.921.81$29,136
Apr 202011115,64314.751.80$29,863
Mar 202010916,46330.341.86$33,866
Feb 20205815,89549.881.98$34,376
Jan 202010816,93357.252.09$41,653
Dec 20195617,50159.012.30$43,633
Nov 201911617,27655.302.75$53,936
Oct 201910918,11753.472.42$49,645
Sep 20195517,71655.052.66$50,104
Aug 201910718,63353.112.30$48,620
Jul 201911119,33756.272.46$53,816
Jun 201914819,64152.782.49$56,741
May 20197417,73558.482.74$52,927
Apr 201923719,90762.632.75$69,601
Mar 201915721,00856.803.06$73,246
Feb 201915819,46750.852.79$62,390
Jan 201924022,44846.033.23$83,513
Dec 20188222,92846.594.19$99,784
Nov 201823322,74052.934.24$108,688
Oct 201818023,88261.443.40$92,212
Sep 201816823,66159.543.11$83,541
Aug 201823125,09759.403.07$90,683
Jul 201815925,72365.142.93$85,774
Jun 201815726,30760.183.08$90,393
May 201825727,28965.382.90$95,963
Apr 201829227,52763.842.90$98,492
Mar 201862529,53661.222.79$120,575
Feb 201832528,11961.782.77$97,859
Jan 201849931,44162.874.01$157,429
Dec 201768932,51057.272.92$134,438
Nov 201750532,61355.423.12$129,686
Oct 201750134,20249.292.98$126,742
Sep 201767734,54247.523.09$138,812
Aug 201750336,50945.373.00$132,509
Jul 201751337,98043.873.09$139,760
Jun 201767039,16742.493.09$149,388
May 201750341,70345.373.26$158,915
Apr 201767941,71247.933.21$166,507
Mar 201750244,89346.772.98$157,425
Feb 201783839,76250.452.95$159,678
Jan 201767148,29349.413.42$198,258
Dec 201667849,02948.763.72$215,586
Nov 201667851,28042.492.64$164,410
Oct 201684253,90546.193.09$205,472
Sep 201660954,33041.553.10$193,761
Aug 201652759,16441.442.92$194,855
Jul 201665361,58441.622.92$207,270
Jun 201664563,82245.352.69$200,666
May 201665666,38042.521.99$160,058
Apr 201675970,91736.561.99$168,948
Mar 201689168,35533.011.79$152,041
Feb 20161,16275,10326.472.06$185,743
Jan 201666049,26827.352.36$134,538
Dec 201579442,02232.362.00$109,797
Nov 20151,16087,72938.792.17$235,134
Oct 20151,42697,46043.552.43$298,597
Sep 20151,54499,91942.992.76$341,995
Aug 20151,844113,92940.162.87$401,315
Jul 20152,735126,42448.152.95$504,019
Jun 20152,088114,10756.152.88$446,196
May 20152,724134,54255.212.96$548,024
Apr 20153,971190,68649.822.71$713,940
Mar 201530549,71542.892.93$158,981

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            82 bbl  × $106.41 =     $8,726
Gas                8,210 Mcf  × $  3.05 =    $25,006

────────────────────────────────────────────────────
Month total                                  $33,732

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/279700 is the state's own key, not one this site invented.