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GAGE GAS UNIT

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

Gas lease lease 286450District 06Field 349433002 tax incentive programmesCondensateGasSaveExport
Value, all time
$14.7 M
Feb 2019 – May 2026
Value, last 12 filed months
$941 k
at the published price for each month
Months reported
88
no gaps in the span
Streams
2
condensate, gas

The GILMER (COTTON VALLEY SANDS) 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 80 leases and 80 wells, and the rule below applies to all of them.

Discovered
1979-01-31
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 2019-01-23.

The Commission's schedule remark for this field reads: “P-16 & LEASE PLAT OR PRORAITON PLAT IF THEY CHOOSE.”

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 Gas112019-06-20224038
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
CondensateDisposition55,808 bbl$3,106,070
GasProduction3,762,374 Mcf$11,636,867
Total$14,742,937

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 32.6607, -95.0253. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.66074, -95.02534 · 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
10,789 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 10,789 ft.

Completions filed
Jun 2020
1 of 1 wells

1 well

42-459314851H10,789 ftJun 2020——

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 (88)

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

88 months

May 20263918,703106.413.05$61,116
Apr 20265318,23498.932.87$57,570
Mar 20269318,38189.753.15$66,237
Feb 20265916,86763.503.75$67,003
Jan 202630318,89459.138.00$169,029
Dec 202518918,93656.664.41$94,280
Nov 202526119,28358.593.93$91,006
Oct 202522720,20559.383.30$80,254
Sep 202510619,26862.743.08$65,937
Aug 202511318,70363.933.01$63,609
Jul 202510718,38966.743.32$68,104
Jun 20255716,99666.483.13$56,965
May 202511421,19060.553.23$75,396
Apr 202512819,74462.363.54$77,937
Mar 20257920,17567.704.27$91,462
Feb 202513618,34370.884.34$89,264
Jan 202519322,69574.324.28$111,448
Dec 202412017,33568.993.12$62,388
Nov 202415222,45969.052.20$59,870
Oct 202411021,16271.372.28$56,130
Sep 20248422,15769.612.36$58,234
Aug 202410022,80875.632.06$54,630
Jul 202414923,31679.932.15$61,959
Jun 202417119,38678.082.63$64,414
May 202419523,53578.812.20$67,108
Apr 202433821,73484.451.66$64,605
Mar 202420225,04280.301.55$54,914
Feb 202419422,89876.091.78$55,603
Jan 202417117,19273.023.30$69,180
Dec 202317825,03871.262.61$78,051
Nov 202318122,00977.892.81$75,890
Oct 202324826,60685.443.09$103,329
Sep 202316121,92289.042.74$74,293
Aug 202315210,30880.522.67$39,791
Jul 202317425,99474.852.64$81,695
Jun 202324727,11768.962.26$78,276
May 202316825,81870.622.23$69,371
Apr 202324326,56878.122.24$78,436
Mar 202326428,46472.852.39$87,351
Feb 202323924,91475.112.47$79,381
Jan 202324729,93276.533.39$120,304
Dec 202222726,75276.415.73$170,609
Nov 202216428,17585.005.65$173,022
Oct 202229430,30187.185.86$203,309
Sep 202221731,46284.888.16$275,265
Aug 202215121,77094.529.13$212,971
Jul 202223428,909101.587.54$241,804
Jun 202220733,051115.097.98$287,478
May 202222734,092109.378.43$312,326
Apr 202228835,198104.226.84$270,685
Mar 202227421,614108.885.08$139,554
Feb 20223031,62391.054.86$35,474
Jan 20223961,74681.844.54$40,331
Dec 202125625,96771.323.90$119,506
Nov 202133537,19577.435.24$220,724
Oct 202132635,59479.795.71$229,391
Sep 202131333,83869.865.35$202,931
Aug 202141242,39166.024.22$206,115
Jul 20211,10842,69370.783.98$248,431
Jun 202156243,27969.493.38$185,363
May 202163540,70863.483.02$163,153
Apr 202153739,81360.362.76$142,234
Mar 202149442,05661.302.72$144,546
Feb 202142039,39057.805.55$242,810
Jan 202150644,20950.412.81$149,747
Dec 202060249,47444.642.68$159,239
Nov 202087449,03938.772.71$166,612
Oct 20201,20155,16536.972.48$181,124
Sep 202084046,09137.091.99$122,925
Aug 20201,21160,03739.982.39$191,610
Jul 20201,19790,03538.371.83$210,254
Jun 20201,29165,41134.901.69$155,621
May 20201,85685,48716.921.81$186,541
Apr 20201,81791,51814.751.80$191,934
Mar 20201,75682,65530.341.86$206,704
Feb 20201,83066,99749.881.98$223,979
Jan 20201,77679,30857.252.09$267,806
Dec 20191,92787,09759.012.30$314,415
Nov 20191,07244,25055.302.75$181,000
Oct 20191,92799,46953.472.42$343,606
Sep 20191,384105,96055.052.66$357,755
Aug 20191,813130,05153.112.30$395,973
Jul 20192,578134,92756.272.46$476,993
Jun 20192,346147,83352.782.49$492,103
May 20192,738172,92358.482.74$633,983
Apr 20193,902189,09662.632.75$764,529
Mar 20194,191186,74556.803.06$809,881
Feb 2019482,26050.852.79$8,751

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            39 bbl  × $106.41 =     $4,150
Gas               18,703 Mcf  × $  3.05 =    $56,966

────────────────────────────────────────────────────
Month total                                  $61,116

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/286450 is the state's own key, not one this site invented.