GANDY, VIRGINIA A. GAS UNIT

Operated by CRATON OPERATING LLC (P-5 186717) in the OAK HILL (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 99234District 06Field 66461275NGPA filingCondensateGasSaveExport
Value, all time
$3.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$847
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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 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 2018-03-20.

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
CondensateDisposition2,555 bbl$93,799
GasProduction1,393,376 Mcf$3,824,629
Total$3,918,428

505,604 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 32.1968, -94.8267. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.19677, -94.82674 · 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
10,914 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 10,914 ft.

Completions filed
Apr 1982
1 of 1 wells

1 well

42-40131331110,914 ftApr 1982

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 20260278106.413.05$847
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
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 20240069.052.20$0
Oct 20240871.372.28$18
Sep 202405169.612.36$121
Aug 202406975.632.06$142
Jul 202404179.932.15$88
Jun 2024022178.082.63$582
May 2024023478.812.20$514
Apr 2024050884.451.66$843
Mar 2024053980.301.55$833
Feb 2024021176.091.78$376
Jan 2024010073.023.30$330
Dec 2023013971.262.61$363
Nov 2023023677.892.81$663
Oct 2023027185.443.09$837
Sep 2023035589.042.74$971
Aug 2023084380.522.67$2,253
Jul 2023094674.852.64$2,499
Jun 2023087468.962.26$1,974
May 2023081970.622.23$1,824
Apr 2023013378.122.24$298
Mar 2023017872.852.39$426
Feb 2023022975.112.47$565
Jan 2023075276.533.39$2,548
Dec 2022046876.415.73$2,681
Nov 202204985.005.65$277
Oct 202201,55587.185.86$9,118
Sep 2022049584.888.16$4,041
Aug 2022062094.529.13$5,659
Jul 20220796101.587.54$6,004
Jun 202290673115.097.98$15,727
May 20220643109.378.43$5,422
Apr 20220326104.226.84$2,229
Mar 20220434108.885.08$2,203
Feb 2022051691.054.86$2,507
Jan 2022059381.844.54$2,691
Dec 2021057071.323.90$2,223
Nov 2021069977.435.24$3,661
Oct 202101,04179.795.71$5,948
Sep 202101,11069.865.35$5,940
Aug 202121,51066.024.22$6,505
Jul 2021049970.783.98$1,987
Jun 2021032269.493.38$1,089
May 2021078663.483.02$2,372
Apr 2021019760.362.76$543
Mar 2021059261.302.72$1,608
Feb 2021041657.805.55$2,308
Jan 202101950.412.81$53
Dec 2020028444.642.68$760
Nov 2020039938.772.71$1,080
Oct 2020061936.972.48$1,534
Sep 2020050937.091.99$1,013
Aug 2020057139.982.39$1,362
Jul 2020030638.371.83$558
Jun 2020016534.901.69$279
May 2020035216.921.81$639
Apr 2020223914.751.80$461
Mar 2020043830.341.86$813
Feb 202001,40049.881.98$2,773
Jan 202007757.252.09$161
Dec 2019029559.012.30$680
Nov 2019065855.302.75$1,810
Oct 201901,23053.472.42$2,975
Sep 201901,23155.052.66$3,271
Aug 201901,18353.112.30$2,726
Jul 2019099456.272.46$2,445
Jun 2019088252.782.49$2,197
May 2019079858.482.74$2,187
Apr 2019182662.632.75$2,335
Mar 2019080956.803.06$2,477
Feb 2019081950.852.79$2,287
Jan 2019071346.033.23$2,302
Dec 2018091246.594.19$3,817
Nov 2018083752.934.24$3,547
Oct 2018085961.443.40$2,919
Sep 2018076859.543.11$2,387
Aug 2018184459.403.07$2,648
Jul 2018179065.142.93$2,381
Jun 2018084060.183.08$2,585
May 2018076565.382.90$2,219
Apr 2018178663.842.90$2,344
Mar 2018082161.222.79$2,288
Feb 2018082961.782.77$2,293
Jan 2018084562.874.01$3,388
Dec 2017094157.272.92$2,749
Nov 2017196355.423.12$3,058
Oct 201701,02549.292.98$3,058
Sep 2017199847.523.09$3,129
Aug 20171191,08245.373.00$8,650
Jul 201701,08643.873.09$3,353
Jun 2017199142.493.09$3,102
May 2017098545.373.26$3,214
Apr 2017098147.933.21$3,151
Mar 2017192246.772.98$2,798
Feb 2017092650.452.95$2,734
Jan 2017094249.413.42$3,221
Dec 2016198248.763.72$3,705
Nov 2016096442.492.64$2,549
Oct 201601,10346.193.09$3,409
Sep 201601,06941.553.10$3,315
Aug 201601,11041.442.92$3,246
Jul 201601,15841.622.92$3,386
Jun 201601,08645.352.69$2,917
May 2016098842.521.99$1,967
Apr 201601,11436.561.99$2,218
Mar 201601,19933.011.79$2,151
Feb 201601,04326.472.06$2,152
Jan 201641,08427.352.36$2,672
Dec 201531,04532.362.00$2,189
Nov 201511,12538.792.17$2,477
Oct 2015761,13643.552.43$6,066
Sep 201511,15942.992.76$3,240
Aug 201501,18440.162.87$3,401
Jul 201501,26348.152.95$3,720
Jun 201501,25856.152.88$3,627
May 201501,31155.212.96$3,875
Apr 201501,22749.822.71$3,321
Mar 201501,30242.892.93$3,821
Feb 201501,23444.662.98$3,673
Jan 201501,39243.433.10$4,316
Dec 201421,36654.693.59$5,015
Nov 201401,36170.464.25$5,787
Oct 201401,46078.303.90$5,695
Sep 201411,36886.164.05$5,620
Aug 201411,42089.394.04$5,819
Jul 201411,42896.564.18$6,065
Jun 201401,40498.164.74$6,651
May 201401,47594.734.73$6,972
Apr 2014981,44695.944.81$16,356
Mar 201401,56295.895.06$7,899
Feb 201411,51897.406.19$9,497
Jan 201401,56690.404.86$7,612
Dec 201321,63891.824.35$7,316
Nov 201311,53088.853.74$5,808
Oct 2013089997.423.78$3,398
Sep 20130944104.113.72$3,510
Aug 201311,032104.253.52$3,740
Jul 201311,074102.523.72$4,095
Jun 201301,05594.403.93$4,150
May 201311,20594.834.15$5,094
Apr 201321,16893.964.28$5,190
Mar 201311,20493.623.91$4,805
Feb 201311,09291.233.42$3,826
Jan 201301,33591.603.42$4,566
Dec 201201,24086.773.42$4,241
Nov 2012281,43486.953.62$7,633
Oct 201211,22989.383.40$4,268
Sep 201201,37494.672.92$4,010
Aug 201201,54192.662.91$4,481
Jul 201201,55485.133.02$4,694
Jun 201201,57179.822.52$3,957
May 201201,65691.612.49$4,121
Apr 201211,621101.652.00$3,338
Mar 201211,689105.052.22$3,858
Feb 201221,624101.102.57$4,376
Jan 201231,77998.092.73$5,158
Dec 201101,78396.873.24$5,776
Nov 201101,74895.723.31$5,788
Oct 201101,84484.983.65$6,728
Sep 201101,84483.623.99$7,350
Aug 201111,90483.404.15$7,984
Jul 201101,88694.144.52$8,520
Jun 201111,87892.904.64$8,807
May 2011411,97298.134.40$12,710
Apr 201101,976105.964.33$8,563
Mar 201102,04296.364.06$8,285
Feb 201121,85385.644.18$7,917
Jan 201111,99786.504.59$9,250
Dec 201002,03985.734.35$8,865
Nov 201002,01280.843.80$7,636
Oct 201002,10778.103.51$7,393
Sep 201021,74072.633.98$7,070
Aug 201011,90673.684.42$8,497
Jul 201042,14072.554.74$10,426
Jun 201012,13770.364.91$10,564
May 201022,23171.124.24$9,591
Apr 201022,17781.694.12$9,138
Mar 201022,30078.394.39$10,251
Feb 201002,07973.585.44$11,315
Jan 201022,36974.365.96$14,278
Dec 200912,42671.445.48$13,375
Nov 2009332,38574.593.75$11,409
Oct 200902,59872.544.11$10,678
Sep 200912,48365.543.06$7,675
Aug 200902,55167.423.22$8,210
Jul 200902,66461.133.46$9,229
Jun 200922,62566.163.90$10,357
May 200902,79454.743.93$10,969
Apr 200902,73446.773.59$9,808
Mar 200902,88542.144.06$11,710
Feb 200902,72232.814.63$12,611
Jan 200903,07535.865.37$16,516
Dec 200803,38837.105.98$20,251
Nov 200813,36955.496.86$23,168
Oct 200803,76675.246.92$26,068
Sep 200803,788101.767.88$29,838
Aug 2008573,833114.228.48$39,026
Jul 200804,095131.0811.39$46,640
Jun 200804,451131.3313.03$58,008
May 200804,738123.1711.57$54,839
Apr 200804,412110.3110.45$46,127
Mar 200804,258101.909.66$41,150
Feb 200805,11892.538.77$44,888
Jan 200805,46390.388.21$44,828
Dec 200712,78388.337.30$20,410
Nov 200702,80191.677.29$20,424
Oct 200703,07082.856.92$21,250
Sep 200703,43175.846.24$21,424
Aug 200705,04769.066.39$32,240
Jul 200703,33670.906.39$21,310
Jun 200702,07162.007.55$15,633
May 2007392,00258.747.85$17,999
Apr 200702,14259.617.81$16,719
Mar 200702,24556.927.30$16,393
Feb 200722,42355.108.22$20,018
Jan 200702,15150.306.73$14,469
Dec 200602,56856.656.92$17,767
Nov 200612,31454.207.62$17,681
Oct 200622,15854.906.01$13,088
Sep 200602,27760.085.04$11,470
Aug 200602,60168.717.34$19,091
Jul 200602,43369.376.34$15,432
Jun 2006061966.286.38$3,952
May 200601,55966.016.42$10,017
Apr 2006422,35864.397.36$20,060
Mar 200602,51356.707.08$17,799
Feb 200602,15757.597.75$16,719
Jan 200642,37060.598.93$21,414
Dec 200542,56054.9413.42$34,563
Nov 200502,31054.6910.59$24,459
Oct 200503,00758.3413.80$41,484
Sep 200502,78861.4512.08$33,676
Aug 200503,08261.519.80$30,194
Jul 200502,93855.697.84$23,045
Jun 2005392,50752.337.38$20,545
May 200503,02245.226.65$20,100
Apr 200503,42549.207.36$25,210
Mar 200503,32250.377.15$23,769
Feb 200502,97045.226.31$18,746
Jan 200503,18243.166.32$20,117
Dec 200403,23339.866.75$21,826
Nov 200403,44345.286.33$21,796
Oct 2004463,58449.706.52$25,636
Sep 200403,67943.245.28$19,439
Aug 200403,74342.375.55$20,776
Jul 200403,84038.286.08$23,363
Jun 200404,02036.106.43$25,861
May 200404,43137.486.49$28,777
Apr 200404,49834.475.86$26,351
Mar 2004565,14934.365.53$30,399
Feb 200404,94232.455.51$27,229
Jan 200406,03932.036.30$38,044
Dec 200306,67430.266.30$42,057
Nov 200307,78228.804.60$35,760
Oct 2003368,60528.174.76$41,971
Sep 200302,04326.314.75$9,703
Aug 200302,30329.765.13$11,814
Jul 200302,39929.415.17$12,405
Jun 200312,41728.565.98$14,489
May 200312,58326.595.97$15,454
Apr 200302,60826.675.41$14,102
Mar 2003362,90831.146.10$18,848
Feb 200322,34333.487.93$18,637
Jan 200302,68830.315.58$15,005
Dec 200213,28826.914.85$15,986
Nov 200222,82224.664.14$11,724
Oct 200213,11026.464.23$13,179
Sep 200212,63127.443.64$9,592
Aug 2002343,24025.963.16$11,135
Jul 200233,30924.583.06$10,205
Jun 200223,26723.733.34$10,953
May 200212,46524.663.58$8,859
Apr 2002383,11623.653.51$11,843
Mar 200213,54822.003.10$11,030
Feb 200212,49618.222.38$5,948
Jan 2002353,09017.172.38$7,942
Dec 200113,91316.932.36$9,269
Nov 200104,01718.072.41$9,663
Oct 200104,29719.782.53$10,867
Sep 200103,09024.262.25$6,957
Aug 200103,50324.873.05$10,695
Jul 2001313,81223.933.20$12,929
Jun 200104,21424.563.82$16,115
May 200104,10125.524.31$17,664
Apr 200104,20224.685.34$22,419
Mar 2001374,47324.545.38$24,957
Feb 2001314,34427.755.77$25,912
Jan 2001114,42727.478.40$37,483
Dec 200004,57826.889.12$41,763
Nov 2000284,62232.215.66$27,053
Oct 200005,03131.235.15$25,887
Sep 200045,01631.875.19$26,143
Aug 200004,86329.644.54$22,082
Jul 200005,07128.534.09$20,739
Jun 2000245,20529.304.40$23,591
May 200036,67627.263.68$24,648
Apr 200004,39324.513.12$13,689
Mar 200005,88428.422.86$16,827
Feb 2000515,88627.622.73$17,457
Jan 200006,36425.272.48$15,786
Dec 199906,72624.282.42$16,302
Nov 199907,06423.192.43$17,194
Oct 199906,82120.982.80$19,124
Sep 199916,88621.752.62$18,055
Aug 199917,06519.262.88$20,335
Jul 19991516,97917.892.37$19,258
Jun 199906,80615.942.36$16,076
May 199906,93115.792.32$16,087
Apr 199906,13615.102.21$13,549
Mar 199916,44212.471.84$11,855
Feb 199906,6389.981.82$12,066
Jan 199906,63210.381.90$12,600
Dec 199807,3609.201.77$13,052
Nov 199807,13810.892.19$15,602
Oct 199807,69512.421.97$15,153
Sep 199807,38612.592.08$15,382
Aug 199807,91211.301.91$15,091
Jul 199807,95711.742.24$17,802
Jun 199809,21411.242.24$20,614
May 199806,68112.622.21$14,741
Apr 199808,59213.042.51$21,526
Mar 199809,08012.802.31$20,970
Feb 199808,18713.952.30$18,823
Jan 1998979,56114.702.15$22,028
Dec 199708,58516.322.41$20,699
Nov 199708,45718.193.09$26,117
Oct 199709,04319.253.15$28,484
Sep 199709,11417.742.95$26,931
Aug 1997010,20217.862.55$26,063
Jul 199708,69317.582.25$19,533
Jun 19971318,97517.242.26$22,517
May 199709,39418.972.31$21,686
Apr 19970017.882.08$0
Mar 1997010,18318.951.94$19,746
Feb 199709,53920.492.21$21,042
Jan 1997010,35623.483.54$36,657
Dec 1996010,31923.32$0
Nov 199609,65021.97$0
Oct 199613210,65423.31$3,077
Sep 1996010,82622.22$0
Aug 1996011,68420.26$0
Jul 1996211,31019.55$39
Jun 1996010,35318.73$0
May 1996010,46519.43$0
Apr 1996210,88221.51$43
Mar 1996011,60019.38$0
Feb 19969710,97416.98$1,647
Jan 1996112,64117.07$17
Dec 1995011,11817.19$0
Nov 1995111,98016.00$16
Oct 1995112,28815.43$15
Sep 199518,52416.18$16
Aug 199518,11315.92$16
Jul 1995948,75215.24$1,433
Jun 1995010,20716.41$0
May 1995012,49217.56$0
Apr 1995927,58217.73$1,631
Mar 1995010,39516.44$0
Feb 199507,61316.58$0
Jan 199507,05915.92$0
Dec 199407,23915.03$0
Nov 19941227,51215.90$1,940
Oct 199408,08515.58$0
Sep 199408,30715.29$0
Aug 199408,91416.13$0
Jul 199407,88117.56$0
Jun 199407,71217.09$0
May 199408,19515.88$0
Apr 199408,35114.14$0
Mar 19941298,61312.46$1,607
Feb 199428,80612.50$25
Jan 1994110,25012.66$13
Dec 1993011,85712.33$0
Nov 19937812,88214.49$1,130
Oct 1993012,53715.85$0
Sep 1993012,28215.03$0
Aug 1993013,18015.66$0
Jul 1993113,53715.46$15
Jun 19936813,31016.79$1,142
May 1993014,38017.68$0
Apr 1993013,27518.05$0
Mar 1993014,16718.14$0
Feb 19938113,32317.90$1,450
Jan 1993013,52816.93$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                  278 Mcf  × $  3.05 =       $847

────────────────────────────────────────────────────
Month total                                     $847

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/99234 is the state's own key, not one this site invented.