GERALD WAKEFIELD

Operated by E2 OPERATING LLC (P-5 238475) in the EASTHAM STATE FARM (GLENROSE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 282800District 06Field 27347500CondensateGasSaveExport
Value, all time
$1.7 M
Sep 2017 – May 2026
Value, last 12 filed months
$292
at the published price for each month
Months reported
105
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 71 leases and 71 wells, and the rule below applies to all of them.

Discovered
1983-06-01
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
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2016-09-12.

The Commission's schedule remark for this field reads: AMENDED.

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
CondensateDisposition19,824 bbl$1,183,880
GasProduction147,545 Mcf$490,261
Total$1,674,141

Every month this lease reported (105)

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

105 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 202503959.383.30$129
Sep 202501162.743.08$34
Aug 202504363.933.01$130
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 202594070.884.34$6,663
Jan 20250074.324.28$0
Dec 2024116068.993.12$8,003
Nov 20240069.052.20$0
Oct 202484071.372.28$5,995
Sep 202459069.612.36$4,107
Aug 202485075.632.06$6,429
Jul 2024114079.932.15$9,112
Jun 20240078.082.63$0
May 20245713078.812.20$4,778
Apr 202417826784.451.66$15,475
Mar 2024021080.301.55$324
Feb 2024029776.091.78$530
Jan 202418926973.023.30$14,688
Dec 20230571.262.61$13
Nov 202318034977.892.81$15,000
Oct 2023075085.443.09$2,315
Sep 202322167889.042.74$21,532
Aug 2023090580.522.67$2,419
Jul 202316269574.852.64$13,962
Jun 2023081668.962.26$1,843
May 202318170770.622.23$14,357
Apr 2023066678.122.24$1,490
Mar 202319097672.852.39$16,177
Feb 20231486275.112.47$3,177
Jan 20232051,01976.533.39$19,141
Dec 2022095276.415.73$5,454
Nov 20222011,32385.005.65$24,555
Oct 202222197387.185.86$24,972
Sep 2022086884.888.16$7,086
Aug 20221761,47394.529.13$30,080
Jul 20221731,745101.587.54$30,734
Jun 20221711,042115.097.98$27,993
May 20221831,775109.378.43$34,983
Apr 2022180445104.226.84$21,802
Mar 20220231108.885.08$1,173
Feb 202206291.054.86$301
Jan 2022014081.844.54$635
Dec 202118210071.323.90$13,370
Nov 20211832,76977.435.24$28,671
Oct 202101,70279.795.71$9,725
Sep 20217017169.865.35$5,805
Aug 2021011166.024.22$468
Jul 2021014870.783.98$589
Jun 2021012569.493.38$423
May 20211834763.483.02$11,759
Apr 202107360.362.76$201
Mar 202117937561.302.72$11,992
Feb 2021056057.805.55$3,107
Jan 2021041450.412.81$1,163
Dec 202017174644.642.68$9,629
Nov 2020040338.772.71$1,091
Oct 202017887036.972.48$8,737
Sep 2020063737.091.99$1,268
Aug 20201831,64639.982.39$11,242
Jul 2020089438.371.83$1,632
Jun 20201811,56034.901.69$8,954
May 202001,42316.921.81$2,582
Apr 202018660214.751.80$3,830
Mar 202001,61830.341.86$3,003
Feb 20201751,02549.881.98$10,759
Jan 202017492157.252.09$11,891
Dec 20191801,17459.012.30$13,327
Nov 201917891355.302.75$12,355
Oct 201901,35753.472.42$3,282
Sep 20191801,72555.052.66$14,493
Aug 20191771,68753.112.30$13,288
Jul 20191741,20056.272.46$12,743
Jun 20191791,05952.782.49$12,086
May 20191781,39058.482.74$14,218
Apr 20193601,57962.632.75$26,890
Mar 20191881,07556.803.06$13,970
Feb 20191951,32850.852.79$13,624
Jan 201919185646.033.23$11,555
Dec 20183601,25046.594.19$22,004
Nov 20181821,62352.934.24$16,510
Oct 20181811,54661.443.40$16,374
Sep 20183652,36059.543.11$29,067
Aug 20183692,71859.403.07$30,254
Jul 20181823,01565.142.93$20,695
Jun 20183743,47260.183.08$33,190
May 20185544,20165.382.90$48,407
Apr 20183694,60363.842.90$36,909
Mar 20185455,50661.222.79$48,709
Feb 20185484,12461.782.77$45,263
Jan 20187404,74062.874.01$65,528
Dec 20171,0957,30757.272.92$84,058
Nov 20171,43210,21955.423.12$111,228
Oct 20172,41216,48849.292.98$168,082
Sep 20172,45719,36747.523.09$176,548

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.

Oct 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.38 =         $0
Gas                   39 Mcf  × $  3.30 =       $129

────────────────────────────────────────────────────
Month total                                     $129

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/282800 is the state's own key, not one this site invented.