PANOLA 2 UNIT

Operated by CR2 ENERGY LLC (P-5 101608) 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 98675District 06Field 16032174NGPA filingCondensateGasSaveExport
Value, all time
$2.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$1 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 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.

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
CondensateDisposition10,405 bbl$274,265
GasProduction772,216 Mcf$2,024,857
Total$2,299,122

294,259 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 32.0249, -94.3334. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.02488, -94.33343 · 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
9,550 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 9,550 ft.

Completions filed
Mar 2000
1 of 1 wells

1 well

42-3653119639,550 ftMar 2000

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 202603106.413.05$9
Apr 20260098.932.87$0
Mar 2026011789.753.15$368
Feb 2026016363.503.75$611
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 202508859.383.30$291
Sep 20250062.743.08$0
Aug 20250063.933.01$0
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 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 2024013869.052.20$303
Oct 2024013571.372.28$308
Sep 20245915669.612.36$4,476
Aug 2024010575.632.06$217
Jul 2024114579.932.15$391
Jun 20245410878.082.63$4,501
May 2024212278.812.20$426
Apr 202406384.451.66$105
Mar 202419580.301.55$227
Feb 2024011576.091.78$205
Jan 2024239573.023.30$1,993
Dec 2023010071.262.61$261
Nov 2023010077.892.81$281
Oct 202340085.443.09$3,418
Sep 20230089.042.74$0
Aug 2023010180.522.67$270
Jul 2023011074.852.64$291
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 202302572.852.39$60
Feb 202302875.112.47$69
Jan 2023353676.533.39$2,801
Dec 2022014776.415.73$842
Nov 2022037685.005.65$2,123
Oct 202246387.185.86$718
Sep 2022028984.888.16$2,359
Aug 2022012294.529.13$1,114
Jul 20220568101.587.54$4,284
Jun 20220140115.097.98$1,117
May 202250109.378.43$547
Apr 2022140104.226.84$1,459
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20211077.435.24$77
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 2021417669.493.38$873
May 202105863.483.02$175
Apr 2021011960.362.76$328
Mar 202105761.302.72$155
Feb 20210057.805.55$0
Jan 2021015650.412.81$438
Dec 20200844.642.68$21
Nov 20200038.772.71$0
Oct 2020014936.972.48$369
Sep 202008537.091.99$169
Aug 2020012039.982.39$286
Jul 2020014238.371.83$259
Jun 2020020434.901.69$345
May 2020022616.921.81$410
Apr 2020010614.751.80$191
Mar 2020019530.341.86$362
Feb 2020018649.881.98$368
Jan 20200057.252.09$0
Dec 2019010659.012.30$244
Nov 2019012755.302.75$349
Oct 2019031353.472.42$757
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20181052.934.24$53
Oct 2018016461.443.40$557
Sep 2018014059.543.11$435
Aug 2018114459.403.07$501
Jul 2018116265.142.93$540
Jun 2018013960.183.08$428
May 2018113465.382.90$454
Apr 2018013263.842.90$383
Mar 201819961.222.79$337
Feb 201809061.782.77$249
Jan 2018111662.874.01$528
Dec 2017011557.272.92$336
Nov 201707055.423.12$218
Oct 2017013649.292.98$406
Sep 2017017247.523.09$531
Aug 201706645.373.00$198
Jul 2017213443.873.09$501
Jun 2017410742.493.09$500
May 2017013545.373.26$441
Apr 2017615147.933.21$773
Mar 2017616046.772.98$758
Feb 2017611550.452.95$642
Jan 2017017849.413.42$609
Dec 2016616548.763.72$907
Nov 2016614342.492.64$633
Oct 2016018146.193.09$559
Sep 2016616141.553.10$749
Aug 2016316441.442.92$604
Jul 2016016141.622.92$471
Jun 20167922345.352.69$4,182
May 20160042.521.99$0
Apr 201607136.561.99$141
Mar 2016013633.011.79$244
Feb 2016015226.472.06$314
Jan 2016018827.352.36$445
Dec 2015121732.362.00$467
Nov 2015124338.792.17$565
Oct 2015132443.552.43$830
Sep 2015022242.992.76$612
Aug 2015021240.162.87$609
Jul 2015113748.152.95$452
Jun 2015029156.152.88$839
May 2015118555.212.96$602
Apr 2015017449.822.71$471
Mar 2015216742.892.93$576
Feb 2015017644.662.98$524
Jan 2015126443.433.10$862
Dec 2014133754.693.59$1,265
Nov 201402870.464.25$119
Oct 2014021778.303.90$847
Sep 2014024786.164.05$999
Aug 2014124289.394.04$1,066
Jul 2014024396.564.18$1,016
Jun 2014030398.164.74$1,435
May 20140494.734.73$19
Apr 2014015095.944.81$721
Mar 201403895.895.06$192
Feb 201404697.406.19$285
Jan 2014011690.404.86$564
Dec 2013218091.824.35$967
Nov 2013323988.853.74$1,160
Oct 2013329397.423.78$1,400
Sep 20134149104.113.72$970
Aug 20130158104.253.52$557
Jul 20133187102.523.72$1,003
Jun 2013321494.403.93$1,125
May 20131024494.834.15$1,961
Apr 2013023193.964.28$989
Mar 20131422793.623.91$2,199
Feb 2013716191.233.42$1,189
Jan 2013715891.603.42$1,182
Dec 2012517286.773.42$1,022
Nov 2012628486.953.62$1,551
Oct 2012526189.383.40$1,334
Sep 2012625294.672.92$1,303
Aug 2012522492.662.91$1,115
Jul 2012420785.133.02$966
Jun 2012235579.822.52$1,054
May 20120191.612.49$2
Apr 2012027101.652.00$54
Mar 20122276105.052.22$823
Feb 20121185101.102.57$577
Jan 2012129998.092.73$916
Dec 2011924496.873.24$1,662
Nov 2011048895.723.31$1,616
Oct 2011751384.983.65$2,467
Sep 2011749783.623.99$2,566
Aug 2011629983.404.15$1,741
Jul 2011525394.144.52$1,614
Jun 2011327492.904.64$1,550
May 2011320998.134.40$1,215
Apr 20116180105.964.33$1,416
Mar 2011325596.364.06$1,324
Feb 201164085.644.18$681
Jan 2011322286.504.59$1,278
Dec 2010139685.734.35$1,532
Nov 2010819180.843.80$1,372
Oct 20101418578.103.51$1,743
Sep 2010916872.633.98$1,322
Aug 2010617673.684.42$1,220
Jul 20101317772.554.74$1,782
Jun 2010716070.364.91$1,278
May 2010726471.124.24$1,616
Apr 2010026681.694.12$1,097
Mar 2010037378.394.39$1,637
Feb 20100073.585.44$0
Jan 201004574.365.96$268
Dec 2009024871.445.48$1,360
Nov 2009130674.593.75$1,223
Oct 20092526172.544.11$2,886
Sep 20092827765.543.06$2,684
Aug 20093424267.423.22$3,071
Jul 2009839761.133.46$1,864
Jun 20090066.163.90$0
May 2009330554.743.93$1,362
Apr 2009323,41546.773.59$13,748
Mar 20090042.144.06$0
Feb 2009026832.814.63$1,242
Jan 2009034835.865.37$1,869
Dec 2008635337.105.98$2,333
Nov 2008374355.496.86$5,264
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200820114.228.48$228
Jul 2008385131.0811.39$1,361
Jun 20085287131.3313.03$4,397
May 200891,079123.1711.57$13,597
Apr 200800110.3110.45$0
Mar 200810101.909.66$102
Feb 2008363892.538.77$5,873
Jan 20080090.388.21$0
Dec 2007010688.337.30$774
Nov 200719891.677.29$806
Oct 2007135082.856.92$2,506
Sep 2007141075.846.24$2,636
Aug 2007126569.066.39$1,762
Jul 2007352770.906.39$3,579
Jun 200741,71062.007.55$13,156
May 2007121,96358.747.85$16,107
Apr 2007142,04659.617.81$16,804
Mar 2007161,93956.927.30$15,069
Feb 2007192,20455.108.22$19,155
Jan 2007182,99750.306.73$21,066
Dec 2006382,61256.656.92$20,224
Nov 2006532,80154.207.62$24,209
Oct 200603,12754.906.01$18,805
Sep 2006752,27460.085.04$15,961
Aug 200603,04968.717.34$22,379
Jul 2006542,82269.376.34$21,645
Jun 200622,68266.286.38$17,254
May 2006292,92166.016.42$20,682
Apr 200612,37464.397.36$17,538
Mar 2006352,42156.707.08$19,132
Feb 200602,30757.597.75$17,882
Jan 2006252,39660.598.93$22,919
Dec 200502,12154.9413.42$28,454
Nov 2005232,35054.6910.59$26,141
Oct 200501,94358.3413.80$26,805
Sep 2005232,34961.4512.08$29,787
Aug 200503,68561.519.80$36,101
Jul 20051879055.697.84$7,199
Jun 200501,70452.337.38$12,577
May 2005201,77045.226.65$12,677
Apr 2005069449.207.36$5,108
Mar 2005058750.377.15$4,200
Feb 2005241,17745.226.31$8,514
Jan 2005401,53243.166.32$11,412
Dec 2004049939.866.75$3,369
Nov 20045367345.286.33$6,660
Oct 2004055949.706.52$3,642
Sep 2004066743.245.28$3,524
Aug 20046761242.375.55$6,236
Jul 200431,56938.286.08$9,661
Jun 2004753,50036.106.43$25,223
May 200462,57237.486.49$16,929
Apr 2004833,42634.475.86$22,932
Mar 2004793,88534.365.53$24,199
Feb 200403,48632.455.51$19,207
Jan 2004764,39532.036.30$30,121
Dec 2003834,02330.266.30$27,863
Nov 200323,42728.804.60$15,805
Oct 2003504,30528.174.76$21,899
Sep 2003413,36926.314.75$17,079
Aug 200313,16629.765.13$16,270
Jul 2003433,22429.415.17$17,935
Jun 2003493,12228.565.98$20,078
May 200354,35026.595.97$26,114
Apr 2003423,84026.675.41$21,884
Mar 2003464,56531.146.10$29,261
Feb 2003483,25233.487.93$27,382
Jan 2003474,56030.315.58$26,879
Dec 2002443,56326.914.85$18,478
Nov 2002454,04124.664.14$17,827
Oct 200213,74326.464.23$15,856
Sep 2002404,85427.443.64$18,743
Aug 2002375,12625.963.16$17,180
Jul 2002494,84024.583.06$16,023
Jun 200221,07123.733.34$3,623
May 200211,08524.663.58$3,913
Apr 2002503,81423.653.51$14,578
Mar 2002694,11322.003.10$14,279
Feb 20026387918.222.38$3,236
Jan 200201,19517.172.38$2,839
Dec 2001571,94016.932.36$5,552
Nov 2001713,31618.072.41$9,260
Oct 2001704,45719.782.53$12,656
Sep 2001743,63024.262.25$9,968
Aug 200154,44924.873.05$13,708
Jul 2001704,51523.933.20$16,110
Jun 2001904,25324.563.82$18,475
May 2001754,52425.524.31$21,400
Apr 2001754,28724.685.34$24,724
Mar 2001774,49424.545.38$26,051
Feb 2001754,15327.755.77$26,032
Jan 2001775,30427.478.40$46,662
Dec 2000802,75226.889.12$27,256
Nov 2000633,74732.215.66$23,230
Oct 2000384,54631.235.15$24,578
Sep 2000512,80131.875.19$16,153
Aug 2000493,90929.644.54$19,202
Jul 2000725,40328.534.09$24,151
Jun 2000572,76429.304.40$13,824
May 20007970627.263.68$4,751
Apr 200012191724.513.12$5,823
Mar 20001651,32828.422.86$8,487
Feb 2000931,42227.622.73$6,446
Jan 20001954,63025.272.48$16,412
Dec 199935,29524.282.42$12,906
Nov 19991084,88223.192.43$14,387
Oct 199935,06620.982.80$14,267
Sep 19991045,80221.752.62$17,457
Aug 19991105,23319.262.88$17,167
Jul 199925,59317.892.37$13,304
Jun 19991096,99315.942.36$18,256
May 1999722,57215.792.32$7,107
Apr 199925,01915.102.21$11,112
Mar 1999453,34112.471.84$6,703
Feb 1999465,1059.981.82$9,739
Jan 1999464,80810.381.90$9,612
Dec 1998534,5889.201.77$8,624
Nov 1998425,18210.892.19$11,784
Oct 1998495,42412.421.97$11,290
Sep 1998434,24112.592.08$9,374
Aug 199815,35211.301.91$10,219
Jul 1998475,64511.742.24$13,181
Jun 1998474,24211.242.24$10,019
May 1998905,10512.622.21$12,399
Apr 1998434,57013.042.51$12,010
Mar 1998434,37612.802.31$10,657
Feb 1998424,79413.952.30$11,608
Jan 1998485,15614.702.15$11,816
Dec 1997955,44016.322.41$14,667
Nov 1997465,13318.193.09$16,689
Oct 1997675,35819.253.15$18,166
Sep 1997305,52617.742.95$16,861
Aug 1997585,42717.862.55$14,900
Jul 1997286,08117.582.25$14,156
Jun 1997513,05017.242.26$7,764
May 1997455,19818.972.31$12,853
Apr 1997154,93117.882.08$10,538
Mar 199765,96418.951.94$11,679
Feb 1997125,31020.492.21$11,959
Jan 1997246,05123.483.54$21,982
Dec 1996245,75623.32$560
Nov 1996654,10521.97$1,428
Oct 19961254,52423.31$2,914
Sep 1996635,13922.22$1,400
Aug 19961145,13120.26$2,310
Jul 19961155,07619.55$2,248
Jun 19961205,18218.73$2,248
May 199605,50519.43$0
Apr 1996805,32021.51$1,721
Mar 1996855,77019.38$1,647
Feb 1996845,01716.98$1,426
Jan 1996825,20617.07$1,400
Dec 199505,24217.19$0
Nov 1995955,32716.00$1,520
Oct 19951095,91315.43$1,682
Sep 19951095,12716.18$1,764
Aug 199505,07815.92$0
Jul 19951122,53915.24$1,707
Jun 199524,27716.41$33
May 19951246,66117.56$2,177
Apr 1995786,61917.73$1,383
Mar 19951226,82716.44$2,006
Feb 19951105,52516.58$1,824
Jan 19951865,81515.92$2,961
Dec 199406,18715.03$0
Nov 19941624,14215.90$2,576
Oct 19941186,78815.58$1,838
Sep 19941055,37015.29$1,605
Aug 199406,37816.13$0
Jul 1994955,61217.56$1,668
Jun 1994987,18717.09$1,675
May 1994107,53815.88$159
Apr 1994987,71014.14$1,386
Mar 1994947,38712.46$1,171
Feb 19941076,83412.50$1,338
Jan 1994966,87212.66$1,215
Dec 19931057,12212.33$1,295
Nov 1993917,54114.49$1,319
Oct 1993965,19015.85$1,522
Sep 1993907,12815.03$1,353
Aug 1993988,61915.66$1,535
Jul 19931006,46215.46$1,546
Jun 1993957,66016.79$1,595
May 1993967,92417.68$1,697
Apr 1993787,65518.05$1,408
Mar 1993978,23018.14$1,760
Feb 19931967,59717.90$3,508
Jan 1993988,44516.93$1,659

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                    3 Mcf  × $  3.05 =         $9

────────────────────────────────────────────────────
Month total                                       $9

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/98675 is the state's own key, not one this site invented.