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SPEIGHTS BL

Operated by ADAMAS ENERGY LLC (P-5 103913) in the CARTHAGE (HAYNESVILLE SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 287492District 06Field 16032300ST-1 filingGasSaveExport
Value, all time
$38.4 M
Feb 2019 – May 2026
Value, last 12 filed months
$1.3 M
at the published price for each month
Months reported
88
no gaps in the span
Streams
1
gas

The CARTHAGE (HAYNESVILLE SHALE) 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 2,565 leases and 2,565 wells, and the rule below applies to all of them.

Discovered
2009-12-15
as the register files it
Field class
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 20 acres. The field rule took effect on 2013-01-29.

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
ST-1112020-02-20226108

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
GasProduction12,132,212 Mcf$38,362,695
Total$38,362,695

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 31.6494, -94.0740. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.64940, -94.07400 · 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
12,602 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 12,602 ft.

Completions filed
Feb 2019
1 of 1 wells

1 well

42-419318032HB12,602 ftFeb 2019——

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 202619,404106.413.05$59,101
Apr 202627,98998.932.87$80,321
Mar 202629,43389.753.15$92,697
Feb 202626,54863.503.75$99,564
Jan 202631,47959.138.00$251,767
Dec 202529,79756.664.41$131,505
Nov 202528,65958.593.93$112,528
Oct 202530,19359.383.30$99,783
Sep 202529,72962.743.08$91,474
Aug 202532,62863.933.01$98,366
Jul 202535,65066.743.32$118,187
Jun 202532,57966.483.13$101,931
May 202535,27660.553.23$114,023
Apr 202535,55662.363.54$125,979
Mar 202536,48467.704.27$155,725
Feb 202533,42270.884.34$145,080
Jan 202536,77374.324.28$157,340
Dec 202440,51568.993.12$126,462
Nov 202440,59969.052.20$89,254
Oct 202434,12571.372.28$77,853
Sep 202440,42669.612.36$95,582
Aug 202441,67575.632.06$86,002
Jul 202434,44479.932.15$73,937
Jun 202443,27378.082.63$113,980
May 202445,53878.812.20$100,113
Apr 202445,75684.451.66$75,918
Mar 202448,64680.301.55$75,164
Feb 202447,03076.091.78$83,885
Jan 202452,03473.023.30$171,590
Dec 202353,95571.262.61$140,861
Nov 202353,76377.892.81$150,943
Oct 202357,84685.443.09$178,587
Sep 202357,91689.042.74$158,403
Aug 202362,39180.522.67$166,764
Jul 202365,52874.852.64$173,112
Jun 202364,72168.962.26$146,171
May 202370,66770.622.23$157,404
Apr 202372,00078.122.24$161,119
Mar 202377,64972.852.39$185,826
Feb 202373,99875.112.47$182,455
Jan 202385,86576.533.39$290,887
Dec 202291,80876.415.73$525,975
Nov 202292,51985.005.65$522,381
Oct 2022102,69887.185.86$602,196
Sep 2022105,71384.888.16$863,007
Aug 2022115,78294.529.13$1,056,761
Jul 2022123,438101.587.54$930,979
Jun 2022127,483115.097.98$1,016,957
May 2022141,796109.378.43$1,195,771
Apr 2022149,612104.226.84$1,022,987
Mar 2022170,566108.885.08$865,861
Feb 2022177,52591.054.86$862,566
Jan 2022184,97281.844.54$839,344
Dec 2021207,17071.323.90$807,781
Nov 2021123,44477.435.24$646,458
Oct 2021079.795.71$0
Sep 202176,38369.865.35$408,719
Aug 2021192,92866.024.22$814,270
Jul 2021210,51270.783.98$838,276
Jun 2021217,76569.493.38$736,181
May 2021231,99563.483.02$700,084
Apr 2021229,71660.362.76$633,653
Mar 2021247,38361.302.72$672,125
Feb 2021202,13957.805.55$1,121,457
Jan 2021264,49650.412.81$743,305
Dec 2020228,02544.642.68$610,072
Nov 2020245,94738.772.71$665,673
Oct 2020149,79436.972.48$371,254
Sep 2020282,52037.091.99$562,509
Aug 2020154,65539.982.39$368,868
Jul 2020155,42038.371.83$283,660
Jun 2020340,82534.901.69$576,100
May 2020376,28416.921.81$682,861
Apr 2020388,00614.751.80$700,110
Mar 2020428,49330.341.86$795,382
Feb 2020413,53149.881.98$819,068
Jan 2020388,59957.252.09$814,014
Dec 2019451,16959.012.30$1,039,656
Nov 2019345,16955.302.75$949,456
Oct 2019376,89353.472.42$911,531
Sep 2019358,46155.052.66$952,531
Aug 2019371,21153.112.30$855,404
Jul 2019404,47056.272.46$995,020
Jun 2019310,43452.782.49$773,353
May 2019306,55258.482.74$840,051
Apr 201925,95262.632.75$71,386
Mar 2019056.803.06$0
Feb 2019050.852.79$0

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
Gas               19,404 Mcf  × $  3.05 =    $59,101

────────────────────────────────────────────────────
Month total                                  $59,101

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/287492 is the state's own key, not one this site invented.