FRANKS, LAWRENCE T.

Operated by SHERIDAN PRODUCTION CO III, LLC (P-5 775851) in the STOCKMAN (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 74050District 06Field 86233300NGPA filingCondensateGasSaveExport
Value, all time
$2.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
401
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 102 leases and 102 wells, and the rule below applies to all of them.

Discovered
1976-10-13
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 40 acres. The field rule took effect on 2011-10-11.

The Commission's schedule remark for this field reads: FROM OCTOBER TO DECEMBER.

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
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
CondensateDisposition5,075 bbl$338,157
GasProduction326,502 Mcf$1,803,546
Total$2,141,703

16,747 Mcf of this lease's gas, across 45 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 31.7570, -94.3807. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.75697, -94.38072 · 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
10,772 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 10,772 ft.

Completions filed
Aug 1977
1 of 1 wells

1 well

42-419301691 T10,772 ftAug 1977

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 (401)

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

401 months

May 2026048106.413.05$146
Apr 202606498.932.87$184
Mar 2026010089.753.15$315
Feb 202608163.503.75$304
Jan 202607859.138.00$624
Dec 2025011456.664.41$503
Nov 202506158.593.93$240
Oct 202507159.383.30$235
Sep 202506962.743.08$212
Aug 202508863.933.01$265
Jul 202507366.743.32$242
Jun 20252666.483.13$152
May 202549560.553.23$549
Apr 202528662.363.54$429
Mar 2025210867.704.27$596
Feb 202546870.884.34$579
Jan 2025210674.324.28$602
Dec 202458668.993.12$613
Nov 202436069.052.20$339
Oct 202448671.372.28$482
Sep 202436369.612.36$358
Aug 202416575.632.06$210
Jul 202425979.932.15$287
Jun 202436178.082.63$395
May 202417178.812.20$235
Apr 202436784.451.66$365
Mar 202447580.301.55$437
Feb 202456876.091.78$502
Jan 202439573.023.30$532
Dec 202323971.262.61$244
Nov 202326177.892.81$327
Oct 202346785.443.09$549
Sep 2023110889.042.74$384
Aug 202313380.522.67$169
Jul 202338274.852.64$441
Jun 20232068.962.26$138
May 202337870.622.23$386
Apr 202314578.122.24$179
Mar 202348072.852.39$483
Feb 202357375.112.47$556
Jan 20231111376.533.39$1,225
Dec 202265176.415.73$751
Nov 202285685.005.65$996
Oct 2022910287.185.86$1,383
Sep 202276584.888.16$1,125
Aug 2022521994.529.13$2,471
Jul 2022386101.587.54$953
Jun 20225104115.097.98$1,405
May 20225108109.378.43$1,458
Apr 202235104.226.84$347
Mar 20221065108.885.08$1,419
Feb 202296591.054.86$1,135
Jan 202289881.844.54$1,099
Dec 20211511071.323.90$1,499
Nov 2021510577.435.24$937
Oct 2021313379.795.71$999
Sep 202137669.865.35$616
Aug 2021511766.024.22$824
Jul 202189670.783.98$949
Jun 2021107969.493.38$962
May 202199963.483.02$870
Apr 202137360.362.76$382
Mar 2021326761.302.72$909
Feb 2021443457.805.55$2,639
Jan 202125650.412.81$258
Dec 2020612844.642.68$610
Nov 2020610338.772.71$511
Oct 202079536.972.48$494
Sep 202037937.091.99$269
Aug 2020411139.982.39$425
Jul 2020710338.371.83$457
Jun 202059534.901.69$335
May 202029116.921.81$199
Apr 2020513114.751.80$310
Mar 2020104330.341.86$383
Feb 2020211249.881.98$322
Jan 2020912657.252.09$779
Dec 20191259.012.30$64
Nov 201927355.302.75$311
Oct 2019210553.472.42$361
Sep 201958955.052.66$512
Aug 201956353.112.30$411
Jul 2019513556.272.46$613
Jun 2019108752.782.49$745
May 2019810958.482.74$767
Apr 2019108062.632.75$846
Mar 201999956.803.06$814
Feb 201996450.852.79$636
Jan 20192014846.033.23$1,398
Dec 201895046.594.19$629
Nov 2018314752.934.24$782
Oct 201847261.443.40$490
Sep 201866559.543.11$559
Aug 2018715359.403.07$885
Jul 2018411865.142.93$607
Jun 201808260.183.08$252
May 2018017865.382.90$516
Apr 2018013763.842.90$397
Mar 201808461.222.79$234
Feb 2018010361.782.77$285
Jan 2018015962.874.01$637
Dec 201718957.272.92$317
Nov 2017213255.423.12$522
Oct 2017018449.292.98$549
Sep 201709447.523.09$290
Aug 2017010345.373.00$309
Jul 2017010243.873.09$315
Jun 201718042.493.09$289
May 2017110545.373.26$388
Apr 2017113647.933.21$485
Mar 2017116546.772.98$539
Feb 201716850.452.95$251
Jan 2017113749.413.42$518
Dec 2016114048.763.72$570
Nov 201618542.492.64$267
Oct 201619446.193.09$337
Sep 201619641.553.10$339
Aug 2016110541.442.92$349
Jul 2016215241.622.92$528
Jun 2016216245.352.69$526
May 2016114442.521.99$329
Apr 2016118836.561.99$411
Mar 201603133.011.79$56
Feb 2016011626.472.06$239
Jan 2016023927.352.36$565
Dec 2015031032.362.00$620
Nov 2015037438.792.17$811
Oct 2015030043.552.43$728
Sep 2015033342.992.76$919
Aug 2015044940.162.87$1,290
Jul 2015046448.152.95$1,367
Jun 2015048556.152.88$1,398
May 2015051655.212.96$1,525
Apr 2015050949.822.71$1,378
Mar 2015053542.892.93$1,570
Feb 2015049944.662.98$1,485
Jan 2015061143.433.10$1,894
Dec 2014064654.693.59$2,320
Nov 2014064270.464.25$2,730
Oct 20142966978.303.90$4,880
Sep 20143067386.164.05$5,307
Aug 20142664189.394.04$4,911
Jul 20142659796.564.18$5,006
Jun 20143453498.164.74$5,867
May 20142349394.734.73$4,509
Apr 20143040095.944.81$4,802
Mar 20143439595.895.06$5,258
Feb 20141240897.406.19$3,695
Jan 20142335390.404.86$3,795
Dec 20131727091.824.35$2,737
Nov 20132261888.853.74$4,265
Oct 20132292797.423.78$5,647
Sep 201322982104.113.72$5,941
Aug 2013201,175104.253.52$6,224
Jul 201324991102.523.72$6,145
Jun 2013121,06594.403.93$5,322
May 2013151,49894.834.15$7,638
Apr 20131572793.964.28$4,523
Mar 20131592593.623.91$5,024
Feb 2013186091.233.42$3,032
Jan 2013387191.603.42$3,254
Dec 201241,08886.773.42$4,068
Nov 201231,18986.953.62$4,571
Oct 201211,19189.383.40$4,138
Sep 201201,60294.672.92$4,675
Aug 2012177892.662.91$2,355
Jul 2012242985.133.02$1,466
Jun 2012269279.822.52$1,903
May 20124384391.612.49$6,037
Apr 201263796101.652.00$7,993
Mar 201224894105.052.22$4,508
Feb 2012851,212101.102.57$11,709
Jan 2012391,04698.092.73$6,685
Dec 2011771,25896.873.24$11,535
Nov 2011551,33395.723.31$9,679
Oct 2011351,20984.983.65$7,385
Sep 2011491,20783.623.99$8,908
Aug 2011471,25883.404.15$9,140
Jul 2011341,30094.144.52$9,073
Jun 2011321,20492.904.64$8,559
May 2011121,23798.134.40$6,626
Apr 2011101,752105.964.33$8,652
Mar 2011131,99496.364.06$9,343
Feb 2011101,77785.644.18$8,284
Jan 2011101,45586.504.59$7,542
Dec 2010191,34085.734.35$7,455
Nov 2010251,78180.843.80$8,780
Oct 2010261,66778.103.51$7,880
Sep 2010291,71372.633.98$8,923
Aug 2010361,82573.684.42$10,718
Jul 2010361,80872.554.74$11,175
Jun 2010221,84970.364.91$10,627
May 2010231,72371.124.24$8,933
Apr 201002,13181.694.12$8,785
Mar 201002,23778.394.39$9,817
Feb 201001,61973.585.44$8,811
Jan 201001,74974.365.96$10,431
Dec 200901,72771.445.48$9,470
Nov 200982,05074.593.75$8,287
Oct 2009101,97872.544.11$8,855
Sep 2009461,92065.543.06$8,899
Aug 2009341,90667.423.22$8,427
Jul 2009282,18761.133.46$9,289
Jun 2009472,12466.163.90$11,383
May 2009492,19154.743.93$11,284
Apr 2009452,12246.773.59$9,717
Mar 2009502,66242.144.06$12,912
Feb 2009572,04632.814.63$11,349
Jan 2009632,05935.865.37$13,318
Dec 2008342,23337.105.98$14,608
Nov 2008412,16355.496.86$17,114
Oct 2008222,33975.246.92$17,846
Sep 2008372,205101.767.88$21,134
Aug 2008492,207114.228.48$24,319
Jul 2008352,214131.0811.39$29,804
Jun 2008502,101131.3313.03$33,948
May 2008412,280123.1711.57$31,439
Apr 2008362,370110.3110.45$28,749
Mar 2008332,590101.909.66$28,393
Feb 2008422,47692.538.77$25,602
Jan 2008442,67490.388.21$25,919
Dec 2007452,74788.337.30$24,033
Nov 2007522,61291.677.29$23,813
Oct 20071302,58082.856.92$28,629
Sep 200702,45775.846.24$15,342
Aug 20071532,72369.066.39$27,961
Jul 200702,65570.906.39$16,960
Jun 200702,50162.007.55$18,879
May 20071772,48958.747.85$29,926
Apr 200702,66459.617.81$20,793
Mar 200702,51456.927.30$18,357
Feb 20071712,52755.108.22$30,184
Jan 200703,05250.306.73$20,530
Dec 200603,50956.656.92$24,277
Nov 200601,58754.207.62$12,089
Oct 200601,02754.906.01$6,176
Sep 20061752,50960.085.04$23,152
Aug 200602,79268.717.34$20,493
Jul 200602,26969.376.34$14,392
Jun 200603,10466.286.38$19,816
May 20061192,10366.016.42$21,367
Apr 200603,10664.397.36$22,862
Mar 200601,98756.707.08$14,074
Feb 20061562,73057.597.75$30,145
Jan 200603,28060.598.93$29,301
Dec 200503,88954.9413.42$52,172
Nov 200503,77054.6910.59$39,918
Oct 200502,28858.3413.80$31,565
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20051392,11152.337.38$22,855
May 200502,56945.226.65$17,087
Apr 200502,54649.207.36$18,740
Mar 200502,68350.377.15$19,197
Feb 200502,56045.226.31$16,159
Jan 20051382,85643.166.32$24,012
Dec 20041522,91239.866.75$25,718
Nov 200402,89445.286.33$18,320
Oct 200402,52549.706.52$16,451
Sep 200402,74043.245.28$14,478
Aug 200402,37042.375.55$13,155
Jul 200402,81238.286.08$17,109
Jun 20041502,88736.106.43$23,987
May 200402,61937.486.49$17,009
Apr 200402,92834.475.86$17,154
Mar 20041833,05134.365.53$23,160
Feb 200402,98032.455.51$16,419
Jan 200403,29932.036.30$20,783
Dec 20031813,46630.266.30$27,319
Nov 200303,57828.804.60$16,441
Oct 200302,44328.174.76$11,628
Sep 200302,81826.314.75$13,384
Aug 200303,03029.765.13$15,543
Jul 200302,63729.415.17$13,636
Jun 200302,47028.565.98$14,778
May 200303,13726.595.97$18,736
Apr 200303,15926.675.41$17,082
Mar 20031363,35631.146.10$24,693
Feb 200303,07133.487.93$24,340
Jan 200303,49330.315.58$19,498
Dec 200203,35926.914.85$16,304
Nov 200201,91824.664.14$7,935
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 1997143016.322.41$2,334
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 199701,27417.862.55$3,255
Jul 199701,00117.582.25$2,249
Jun 1997093017.242.26$2,099
May 199701,16218.972.31$2,682
Apr 199701,11217.882.08$2,316
Mar 199701,56718.951.94$3,039
Feb 199701,08120.492.21$2,385
Jan 1997093923.483.54$3,324
Dec 1996084623.32$0
Nov 199601,22221.97$0
Oct 1996052123.31$0
Sep 19960022.22$0
Aug 1996037920.26$0
Jul 1996054119.55$0
Jun 1996043918.73$0
May 1996032219.43$0
Apr 199603,52421.51$0
Mar 1996019019.38$0
Feb 1996030016.98$0
Jan 1996017017.07$0
Dec 199505017.19$0
Nov 1995027016.00$0
Oct 19950015.43$0
Sep 199502816.18$0
Aug 199503015.92$0
Jul 19950315.24$0
Jun 1995011216.41$0
May 199507817.56$0
Apr 199507617.73$0
Mar 1995012616.44$0
Feb 199506816.58$0
Jan 19950515.92$0
Dec 199407515.03$0
Nov 199401015.90$0
Oct 1994019415.58$0
Sep 1994035515.29$0
Aug 1994060416.13$0
Jul 1994098117.56$0
Jun 199401,09117.09$0
May 1994099615.88$0
Apr 1994024414.14$0
Mar 199409412.46$0
Feb 1994019312.50$0
Jan 19940312.66$0
Dec 1993030812.33$0
Nov 1993020514.49$0
Oct 1993022215.85$0
Sep 1993023415.03$0
Aug 1993011515.66$0
Jul 1993022515.46$0
Jun 1993011516.79$0
May 1993735317.68$124
Apr 1993049618.05$0
Mar 1993016218.14$0
Feb 19930017.90$0
Jan 1993017216.93$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
Condensate             0 bbl  × $106.41 =         $0
Gas                   48 Mcf  × $  3.05 =       $146

────────────────────────────────────────────────────
Month total                                     $146

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/74050 is the state's own key, not one this site invented.