PANOLA 2 UNIT

Name: PANOLA 2 UNIT lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TANOS EXPLORATION II, LLC (P-5 835976) 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 85957District 06Field 16032174NGPA filingCondensateGasSave Export

Value, all time

$674 k

Jan 1993 – Mar 2019

Value, last 12 filed months

at the published price for each month

Months reported

315

no gaps in the span

Streams

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	2	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	4,697 bbl	$94,655
Gas	Production	405,726 Mcf	$579,115
Total			$673,770

220,499 Mcf of this lease's gas, across 48 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 32.0384, -94.3363. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.03841, -94.33635 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

9,507 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

1100.0%

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.

00.0%

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 9,507 ft.

Completions filed

Mar 2019

1 of 1 wells

1 well


42-36531002	2	9,507 ft	Mar 2019	—	Yes

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 (315)

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

315 months


Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	2	2	43.87	3.09	$94
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	2	2	46.77	2.98	$100
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	203	49.82	2.71	$549
Mar 2015	2	131	42.89	2.93	$470
Feb 2015	0	110	44.66	2.98	$327
Jan 2015	1	104	43.43	3.10	$366
Dec 2014	1	148	54.69	3.59	$586
Nov 2014	0	191	70.46	4.25	$812
Oct 2014	0	216	78.30	3.90	$843
Sep 2014	0	338	86.16	4.05	$1,367
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	31	61.13	3.46	$107
Jun 2009	0	166	66.16	3.90	$647
May 2009	0	177	54.74	3.93	$695
Apr 2009	0	160	46.77	3.59	$574
Mar 2009	0	192	42.14	4.06	$779
Feb 2009	0	183	32.81	4.63	$848
Jan 2009	0	178	35.86	5.37	$956
Dec 2008	0	132	37.10	5.98	$789
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	179	75.24	6.92	$1,239
Sep 2008	0	186	101.76	7.88	$1,465
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	4	243	101.90	9.66	$2,756
Feb 2008	50	208	92.53	8.77	$6,451
Jan 2008	27	1,066	90.38	8.21	$11,188
Dec 2007	11	2,003	88.33	7.30	$15,597
Nov 2007	3	1,508	91.67	7.29	$11,271
Oct 2007	8	581	82.85	6.92	$4,684
Sep 2007	3	511	75.84	6.24	$3,418
Aug 2007	0	281	69.06	6.39	$1,795
Jul 2007	0	609	70.90	6.39	$3,890
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	130	58.74	7.85	$1,020
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	1	0	45.28	6.33	$45
Oct 2004	2	36	49.70	6.52	$334
Sep 2004	1	486	43.24	5.28	$2,611
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	9	227	38.28	6.08	$1,726
Jun 2004	12	107	36.10	6.43	$1,122
May 2004	2	127	37.48	6.49	$900
Apr 2004	10	634	34.47	5.86	$4,059
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	1	489	32.45	5.51	$2,727
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	11	2	30.26	6.30	$345
Nov 2003	2	479	28.80	4.60	$2,259
Oct 2003	2	150	28.17	4.76	$770
Sep 2003	2	372	26.31	4.75	$1,819
Aug 2003	0	77	29.76	5.13	$395
Jul 2003	6	307	29.41	5.17	$1,764
Jun 2003	5	348	28.56	5.98	$2,225
May 2003	4	243	26.59	5.97	$1,558
Apr 2003	3	360	26.67	5.41	$2,027
Mar 2003	4	375	31.14	6.10	$2,411
Feb 2003	4	298	33.48	7.93	$2,496
Jan 2003	4	376	30.31	5.58	$2,220
Dec 2002	7	453	26.91	4.85	$2,387
Nov 2002	0	876	24.66	4.14	$3,624
Oct 2002	1	0	26.46	4.23	$26
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	1	120	25.96	3.16	$406
Jul 2002	3	376	24.58	3.06	$1,225
Jun 2002	2	400	23.73	3.34	$1,383
May 2002	5	429	24.66	3.58	$1,661
Apr 2002	6	573	23.65	3.51	$2,154
Mar 2002	4	683	22.00	3.10	$2,207
Feb 2002	6	0	18.22	2.38	$109
Jan 2002	4	682	17.17	2.38	$1,689
Dec 2001	4	223	16.93	2.36	$595
Nov 2001	8	499	18.07	2.41	$1,345
Oct 2001	0	533	19.78	2.53	$1,348
Sep 2001	2	0	24.26	2.25	$49
Aug 2001	2	531	24.87	3.05	$1,671
Jul 2001	7	184	23.93	3.20	$756
Jun 2001	6	479	24.56	3.82	$1,979
May 2001	4	111	25.52	4.31	$580
Apr 2001	3	613	24.68	5.34	$3,345
Mar 2001	16	73	24.54	5.38	$785
Feb 2001	44	1,307	27.75	5.77	$8,759
Jan 2001	26	2,537	27.47	8.40	$22,022
Dec 2000	59	1,839	26.88	9.12	$18,362
Nov 2000	48	591	32.21	5.66	$4,890
Oct 2000	40	2,463	31.23	5.15	$13,923
Sep 2000	42	2,877	31.87	5.19	$16,260
Aug 2000	31	3,251	29.64	4.54	$15,681
Jul 2000	43	3,546	28.53	4.09	$15,729
Jun 2000	41	3,892	29.30	4.40	$18,315
May 2000	2	2,433	27.26	3.68	$9,007
Apr 2000	15	136	24.51	3.12	$791
Mar 2000	7	687	28.42	2.86	$2,164
Feb 2000	29	1,082	27.62	2.73	$3,751
Jan 2000	19	3,138	25.27	2.48	$8,264
Dec 1999	35	3,377	24.28	2.42	$9,035
Nov 1999	19	3,447	23.19	2.43	$8,831
Oct 1999	16	3,616	20.98	2.80	$10,474
Sep 1999	14	3,445	21.75	2.62	$9,326
Aug 1999	14	1,706	19.26	2.88	$5,175
Jul 1999	16	2,351	17.89	2.37	$5,864
Jun 1999	16	2,738	15.94	2.36	$6,722
May 1999	16	3,321	15.79	2.32	$7,961
Apr 1999	38	3,529	15.10	2.21	$8,366
Mar 1999	21	3,609	12.47	1.84	$6,896
Feb 1999	42	3,326	9.98	1.82	$6,465
Jan 1999	39	3,768	10.38	1.90	$7,564
Dec 1998	20	3,794	9.20	1.77	$6,912
Nov 1998	31	3,679	10.89	2.19	$8,379
Oct 1998	10	3,766	12.42	1.97	$7,540
Sep 1998	11	3,426	12.59	2.08	$7,274
Aug 1998	11	3,792	11.30	1.91	$7,357
Jul 1998	22	3,574	11.74	2.24	$8,254
Jun 1998	24	3,474	11.24	2.24	$8,042
May 1998	27	3,770	12.62	2.21	$8,659
Apr 1998	13	3,685	13.04	2.51	$9,402
Mar 1998	40	3,657	12.80	2.31	$8,958
Feb 1998	40	3,570	13.95	2.30	$8,766
Jan 1998	27	3,888	14.70	2.15	$8,775
Dec 1997	40	4,019	16.32	2.41	$10,343
Nov 1997	40	3,956	18.19	3.09	$12,945
Oct 1997	29	4,097	19.25	3.15	$13,463
Sep 1997	45	4,023	17.74	2.95	$12,686
Aug 1997	47	4,125	17.86	2.55	$11,378
Jul 1997	47	4,052	17.58	2.25	$9,931
Jun 1997	52	4,113	17.24	2.26	$10,180
May 1997	73	4,290	18.97	2.31	$11,288
Apr 1997	78	4,083	17.88	2.08	$9,899
Mar 1997	50	4,455	18.95	1.94	$9,586
Feb 1997	53	3,960	20.49	2.21	$9,821
Jan 1997	28	4,467	23.48	3.54	$16,469
Dec 1996	58	4,469	23.32	—	$1,353
Nov 1996	57	4,274	21.97	—	$1,252
Oct 1996	85	4,630	23.31	—	$1,981
Sep 1996	42	4,556	22.22	—	$933
Aug 1996	113	4,702	20.26	—	$2,289
Jul 1996	42	4,686	19.55	—	$821
Jun 1996	92	4,551	18.73	—	$1,723
May 1996	105	4,682	19.43	—	$2,040
Apr 1996	52	4,796	21.51	—	$1,119
Mar 1996	37	4,864	19.38	—	$717
Feb 1996	63	4,519	16.98	—	$1,070
Jan 1996	89	4,978	17.07	—	$1,519
Dec 1995	0	4,840	17.19	—	$0
Nov 1995	0	4,670	16.00	—	$0
Oct 1995	0	5,160	15.43	—	$0
Sep 1995	74	3,914	16.18	—	$1,197
Aug 1995	0	4,666	15.92	—	$0
Jul 1995	45	4,551	15.24	—	$686
Jun 1995	49	4,839	16.41	—	$804
May 1995	49	5,233	17.56	—	$860
Apr 1995	55	5,203	17.73	—	$975
Mar 1995	51	5,571	16.44	—	$838
Feb 1995	0	4,871	16.58	—	$0
Jan 1995	83	5,141	15.92	—	$1,321
Dec 1994	0	5,649	15.03	—	$0
Nov 1994	58	4,544	15.90	—	$922
Oct 1994	167	6,308	15.58	—	$2,602
Sep 1994	4	6,267	15.29	—	$61
Aug 1994	0	6,052	16.13	—	$0
Jul 1994	180	4,160	17.56	—	$3,161
Jun 1994	1	3,536	17.09	—	$17
May 1994	0	4,465	15.88	—	$0
Apr 1994	1	3,280	14.14	—	$14
Mar 1994	190	4,395	12.46	—	$2,367
Feb 1994	4	3,864	12.50	—	$50
Jan 1994	191	4,047	12.66	—	$2,418
Dec 1993	3	4,182	12.33	—	$37
Nov 1993	0	3,887	14.49	—	$0
Oct 1993	192	4,079	15.85	—	$3,043
Sep 1993	0	4,517	15.03	—	$0
Aug 1993	0	3,638	15.66	—	$0
Jul 1993	189	3,830	15.46	—	$2,922
Jun 1993	1	3,671	16.79	—	$17
May 1993	0	4,331	17.68	—	$0
Apr 1993	200	4,330	18.05	—	$3,610
Mar 1993	3	4,325	18.14	—	$54
Feb 1993	0	4,190	17.90	—	$0
Jan 1993	192	4,586	16.93	—	$3,251

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.

Jul 2017 — as filed, then multipliedworked

Condensate             2 bbl  × $ 43.87 =        $88
Gas                    2 Mcf  × $  3.09 =         $6

────────────────────────────────────────────────────
Month total                                      $94

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/85957 is the state's own key, not one this site invented.