GARRETT TRUST

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

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the YANTIS (HEARD ZONE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12366District 06Field 99254166NGPA filingOilCasinghead gasSave Export

Value, all time

$2.4 M

Jan 1993 – Jun 2016

Value, last 12 filed months

$21 k

at the published price for each month

Months reported

282

no gaps in the span

Streams

oil, casinghead gas

The YANTIS (HEARD ZONE) 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 8 leases and 8 wells, and the rule below applies to all of them.

Discovered

1952-02-06

as the register files it

Field class

Oil and gas

the register's own label

Between wells

660 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 2015-09-01.

The Commission's schedule remark for this field reads: “01/24/2012.”

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	1	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
Oil	Disposition	31,314 bbl	$1,175,708
Casinghead gas	Production	355,312 Mcf	$1,181,809
Total			$2,357,517

99,553 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 32.9342, -95.5168. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.93422, -95.51677 · 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

8,146 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 8,146 ft.

Completions filed

Dec 2021

1 of 1 wells

1 well


42-49931567	2	8,146 ft	Dec 2021	—	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 (282)

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

282 months


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	29	0	33.01	1.79	$957
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	181	0	32.36	2.00	$5,857
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	356	42.99	2.76	$982
Aug 2015	0	838	40.16	2.87	$2,407
Jul 2015	171	949	48.15	2.95	$11,029
Jun 2015	0	911	56.15	2.88	$2,626
May 2015	0	922	55.21	2.96	$2,725
Apr 2015	0	641	49.82	2.71	$1,735
Mar 2015	0	824	42.89	2.93	$2,418
Feb 2015	182	836	44.66	2.98	$10,616
Jan 2015	0	964	43.43	3.10	$2,989
Dec 2014	171	989	54.69	3.59	$12,904
Nov 2014	0	943	70.46	4.25	$4,009
Oct 2014	0	935	78.30	3.90	$3,647
Sep 2014	169	926	86.16	4.05	$18,307
Aug 2014	0	924	89.39	4.04	$3,728
Jul 2014	0	952	96.56	4.18	$3,979
Jun 2014	0	892	98.16	4.74	$4,225
May 2014	182	987	94.73	4.73	$21,906
Apr 2014	0	923	95.94	4.81	$4,439
Mar 2014	0	1,096	95.89	5.06	$5,542
Feb 2014	192	1,015	97.40	6.19	$24,986
Jan 2014	0	830	90.40	4.86	$4,034
Dec 2013	0	949	91.82	4.35	$4,132
Nov 2013	187	956	88.85	3.74	$20,189
Oct 2013	0	1,011	97.42	3.78	$3,821
Sep 2013	0	972	104.11	3.72	$3,614
Aug 2013	187	950	104.25	3.52	$22,841
Jul 2013	0	1,084	102.52	3.72	$4,030
Jun 2013	0	1,032	94.40	3.93	$4,059
May 2013	191	1,063	94.83	4.15	$22,523
Apr 2013	0	1,023	93.96	4.28	$4,381
Mar 2013	0	993	93.62	3.91	$3,885
Feb 2013	185	907	91.23	3.42	$19,979
Jan 2013	0	1,016	91.60	3.42	$3,475
Dec 2012	0	884	86.77	3.42	$3,023
Nov 2012	199	1,052	86.95	3.62	$21,117
Oct 2012	0	1,061	89.38	3.40	$3,607
Sep 2012	0	1,055	94.67	2.92	$3,079
Aug 2012	176	1,065	92.66	2.91	$19,405
Jul 2012	0	1,079	85.13	3.02	$3,259
Jun 2012	0	1,054	79.82	2.52	$2,655
May 2012	183	1,083	91.61	2.49	$19,459
Apr 2012	0	1,122	101.65	2.00	$2,240
Mar 2012	190	1,063	105.05	2.22	$22,322
Feb 2012	0	955	101.10	2.57	$2,455
Jan 2012	0	970	98.09	2.73	$2,652
Dec 2011	190	996	96.87	3.24	$21,632
Nov 2011	0	1,019	95.72	3.31	$3,374
Oct 2011	0	964	84.98	3.65	$3,517
Sep 2011	188	993	83.62	3.99	$19,678
Aug 2011	0	1,133	83.40	4.15	$4,701
Jul 2011	0	925	94.14	4.52	$4,178
Jun 2011	191	923	92.90	4.64	$22,027
May 2011	0	1,070	98.13	4.40	$4,713
Apr 2011	0	985	105.96	4.33	$4,268
Mar 2011	195	769	96.36	4.06	$21,910
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	404	73.68	4.42	$1,785
Jul 2010	0	989	72.55	4.74	$4,684
Jun 2010	0	965	70.36	4.91	$4,739
May 2010	187	1,011	71.12	4.24	$17,581
Apr 2010	0	956	81.69	4.12	$3,941
Mar 2010	0	552	78.39	4.39	$2,423
Feb 2010	0	924	73.58	5.44	$5,029
Jan 2010	178	1,054	74.36	5.96	$19,522
Dec 2009	0	1,157	71.44	5.48	$6,345
Nov 2009	178	1,122	74.59	3.75	$17,486
Oct 2009	0	1,213	72.54	4.11	$4,986
Sep 2009	0	1,085	65.54	3.06	$3,325
Aug 2009	180	1,059	67.42	3.22	$15,544
Jul 2009	0	1,044	61.13	3.46	$3,617
Jun 2009	0	999	66.16	3.90	$3,891
May 2009	177	1,005	54.74	3.93	$13,634
Apr 2009	0	1,017	46.77	3.59	$3,648
Mar 2009	0	1,059	42.14	4.06	$4,298
Feb 2009	192	969	32.81	4.63	$10,789
Jan 2009	0	1,135	35.86	5.37	$6,096
Dec 2008	189	1,133	37.10	5.98	$13,784
Nov 2008	0	1,125	55.49	6.86	$7,718
Oct 2008	0	1,175	75.24	6.92	$8,133
Sep 2008	185	1,176	101.76	7.88	$28,089
Aug 2008	0	1,189	114.22	8.48	$10,086
Jul 2008	0	1,245	131.08	11.39	$14,180
Jun 2008	183	1,181	131.33	13.03	$39,425
May 2008	0	697	123.17	11.57	$8,067
Apr 2008	180	669	110.31	10.45	$26,850
Mar 2008	0	680	101.90	9.66	$6,572
Feb 2008	0	676	92.53	8.77	$5,929
Jan 2008	182	1,099	90.38	8.21	$25,467
Dec 2007	0	1,152	88.33	7.30	$8,412
Nov 2007	183	820	91.67	7.29	$22,755
Oct 2007	0	933	82.85	6.92	$6,458
Sep 2007	0	896	75.84	6.24	$5,595
Aug 2007	188	902	69.06	6.39	$18,745
Jul 2007	0	1,002	70.90	6.39	$6,401
Jun 2007	178	1,039	62.00	7.55	$18,879
May 2007	0	990	58.74	7.85	$7,768
Apr 2007	0	530	59.61	7.81	$4,137
Mar 2007	0	308	56.92	7.30	$2,249
Feb 2007	183	1,293	55.10	8.22	$20,707
Jan 2007	0	1,374	50.30	6.73	$9,243
Dec 2006	184	1,388	56.65	6.92	$20,026
Nov 2006	0	1,616	54.20	7.62	$12,310
Oct 2006	0	1,333	54.90	6.01	$8,016
Sep 2006	173	1,317	60.08	5.04	$17,028
Aug 2006	0	1,375	68.71	7.34	$10,092
Jul 2006	172	1,276	69.37	6.34	$20,025
Jun 2006	0	1,169	66.28	6.38	$7,463
May 2006	173	1,139	66.01	6.42	$18,738
Apr 2006	177	1,094	64.39	7.36	$19,449
Mar 2006	0	1,106	56.70	7.08	$7,834
Feb 2006	187	964	57.59	7.75	$18,241
Jan 2006	0	1,064	60.59	8.93	$9,505
Dec 2005	184	1,057	54.94	13.42	$24,289
Nov 2005	187	1,009	54.69	10.59	$20,911
Oct 2005	0	1,085	58.34	13.80	$14,968
Sep 2005	177	1,020	61.45	12.08	$23,197
Aug 2005	0	1,077	61.51	9.80	$10,551
Jul 2005	178	1,077	55.69	7.84	$18,360
Jun 2005	167	1,021	52.33	7.38	$16,275
May 2005	0	1,070	45.22	6.65	$7,117
Apr 2005	184	1,194	49.20	7.36	$17,841
Mar 2005	0	1,222	50.37	7.15	$8,743
Feb 2005	145	1,046	45.22	6.31	$13,159
Jan 2005	190	1,214	43.16	6.32	$15,876
Dec 2004	0	1,267	39.86	6.75	$8,554
Nov 2004	174	1,296	45.28	6.33	$16,083
Oct 2004	179	1,409	49.70	6.52	$18,076
Sep 2004	184	1,218	43.24	5.28	$14,392
Aug 2004	363	1,209	42.37	5.55	$22,091
Jul 2004	180	1,246	38.28	6.08	$14,471
Jun 2004	359	1,298	36.10	6.43	$21,310
May 2004	358	1,278	37.48	6.49	$21,718
Apr 2004	361	1,178	34.47	5.86	$19,345
Mar 2004	175	1,270	34.36	5.53	$13,036
Feb 2004	355	1,145	32.45	5.51	$17,828
Jan 2004	356	1,247	32.03	6.30	$19,258
Dec 2003	180	1,235	30.26	6.30	$13,229
Nov 2003	359	1,101	28.80	4.60	$15,398
Oct 2003	366	1,365	28.17	4.76	$16,807
Sep 2003	182	1,264	26.31	4.75	$10,792
Aug 2003	537	1,298	29.76	5.13	$22,640
Jul 2003	360	1,180	29.41	5.17	$16,689
Jun 2003	355	1,350	28.56	5.98	$18,216
May 2003	358	1,345	26.59	5.97	$17,552
Apr 2003	364	1,351	26.67	5.41	$17,013
Mar 2003	360	1,383	31.14	6.10	$19,641
Feb 2003	365	1,222	33.48	7.93	$21,906
Jan 2003	545	1,390	30.31	5.58	$24,278
Dec 2002	355	1,417	26.91	4.85	$16,431
Nov 2002	364	1,296	24.66	4.14	$14,338
Oct 2002	539	1,564	26.46	4.23	$20,876
Sep 2002	703	1,687	27.44	3.64	$25,423
Aug 2002	356	1,383	25.96	3.16	$13,618
Jul 2002	182	1,629	24.58	3.06	$9,461
Jun 2002	179	1,399	23.73	3.34	$8,918
May 2002	183	1,430	24.66	3.58	$9,638
Apr 2002	177	1,441	23.65	3.51	$9,247
Mar 2002	0	1,536	22.00	3.10	$4,766
Feb 2002	182	1,389	18.22	2.38	$6,616
Jan 2002	193	1,346	17.17	2.38	$6,511
Dec 2001	0	1,248	16.93	2.36	$2,951
Nov 2001	182	1,274	18.07	2.41	$6,353
Oct 2001	0	1,310	19.78	2.53	$3,313
Sep 2001	0	1,285	24.26	2.25	$2,893
Aug 2001	184	1,334	24.87	3.05	$8,649
Jul 2001	0	1,233	23.93	3.20	$3,942
Jun 2001	181	1,157	24.56	3.82	$8,870
May 2001	186	1,208	25.52	4.31	$9,950
Apr 2001	0	1,236	24.68	5.34	$6,594
Mar 2001	0	1,499	24.54	5.38	$8,059
Feb 2001	0	1,194	27.75	5.77	$6,886
Jan 2001	185	1,212	27.47	8.40	$15,261
Dec 2000	0	1,418	26.88	9.12	$12,936
Nov 2000	0	1,269	32.21	5.66	$7,180
Oct 2000	0	1,291	31.23	5.15	$6,643
Sep 2000	0	1,300	31.87	5.19	$6,742
Aug 2000	0	1,248	29.64	4.54	$5,667
Jul 2000	0	1,202	28.53	4.09	$4,916
Jun 2000	0	1,237	29.30	4.40	$5,439
May 2000	0	1,251	27.26	3.68	$4,603
Apr 2000	0	1,231	24.51	3.12	$3,836
Mar 2000	0	1,281	28.42	2.86	$3,663
Feb 2000	185	1,331	27.62	2.73	$8,739
Jan 2000	0	1,478	25.27	2.48	$3,666
Dec 1999	0	1,506	24.28	2.42	$3,650
Nov 1999	190	1,434	23.19	2.43	$7,896
Oct 1999	0	1,481	20.98	2.80	$4,152
Sep 1999	183	1,406	21.75	2.62	$7,662
Aug 1999	0	1,349	19.26	2.88	$3,879
Jul 1999	184	1,422	17.89	2.37	$6,665
Jun 1999	0	1,380	15.94	2.36	$3,260
May 1999	355	1,351	15.79	2.32	$8,741
Apr 1999	0	1,194	15.10	2.21	$2,636
Mar 1999	0	1,481	12.47	1.84	$2,723
Feb 1999	0	1,281	9.98	1.82	$2,329
Jan 1999	180	1,495	10.38	1.90	$4,709
Dec 1998	0	1,117	9.20	1.77	$1,981
Nov 1998	0	1,546	10.89	2.19	$3,379
Oct 1998	0	1,693	12.42	1.97	$3,334
Sep 1998	0	1,657	12.59	2.08	$3,451
Aug 1998	186	1,647	11.30	1.91	$5,243
Jul 1998	186	1,630	11.74	2.24	$5,830
Jun 1998	0	1,580	11.24	2.24	$3,535
May 1998	0	1,549	12.62	2.21	$3,418
Apr 1998	184	1,225	13.04	2.51	$5,468
Mar 1998	0	1,236	12.80	2.31	$2,854
Feb 1998	0	56	13.95	2.30	$129
Jan 1998	0	1,675	14.70	2.15	$3,609
Dec 1997	182	1,205	16.32	2.41	$5,876
Nov 1997	0	1,448	18.19	3.09	$4,472
Oct 1997	182	1,541	19.25	3.15	$8,357
Sep 1997	0	1,236	17.74	2.95	$3,652
Aug 1997	185	1,542	17.86	2.55	$7,244
Jul 1997	0	1,628	17.58	2.25	$3,658
Jun 1997	181	2,328	17.24	2.26	$8,375
May 1997	491	1,778	18.97	2.31	$13,419
Apr 1997	216	1,743	17.88	2.08	$7,492
Mar 1997	187	1,838	18.95	1.94	$7,108
Feb 1997	180	1,749	20.49	2.21	$7,546
Jan 1997	188	1,778	23.48	3.54	$10,708
Dec 1996	0	1,798	23.32	—	$0
Nov 1996	179	1,778	21.97	—	$3,933
Oct 1996	188	1,866	23.31	—	$4,382
Sep 1996	0	1,845	22.22	—	$0
Aug 1996	195	1,914	20.26	—	$3,951
Jul 1996	194	1,924	19.55	—	$3,793
Jun 1996	0	1,922	18.73	—	$0
May 1996	187	1,928	19.43	—	$3,633
Apr 1996	195	1,820	21.51	—	$4,194
Mar 1996	0	1,885	19.38	—	$0
Feb 1996	179	1,686	16.98	—	$3,039
Jan 1996	197	1,870	17.07	—	$3,363
Dec 1995	194	2,234	17.19	—	$3,335
Nov 1995	184	2,291	16.00	—	$2,944
Oct 1995	184	2,444	15.43	—	$2,839
Sep 1995	0	2,381	16.18	—	$0
Aug 1995	184	2,449	15.92	—	$2,929
Jul 1995	179	2,982	15.24	—	$2,728
Jun 1995	182	3,859	16.41	—	$2,987
May 1995	186	4,012	17.56	—	$3,266
Apr 1995	182	3,191	17.73	—	$3,227
Mar 1995	185	2,324	16.44	—	$3,041
Feb 1995	178	2,222	16.58	—	$2,951
Jan 1995	0	2,296	15.92	—	$0
Dec 1994	180	2,569	15.03	—	$2,705
Nov 1994	189	2,264	15.90	—	$3,005
Oct 1994	0	1,793	15.58	—	$0
Sep 1994	177	1,639	15.29	—	$2,706
Aug 1994	177	1,731	16.13	—	$2,855
Jul 1994	187	1,921	17.56	—	$3,284
Jun 1994	182	1,452	17.09	—	$3,110
May 1994	180	1,626	15.88	—	$2,858
Apr 1994	0	1,850	14.14	—	$0
Mar 1994	193	1,847	12.46	—	$2,405
Feb 1994	188	1,690	12.50	—	$2,350
Jan 1994	190	1,884	12.66	—	$2,405
Dec 1993	183	1,748	12.33	—	$2,256
Nov 1993	0	1,852	14.49	—	$0
Oct 1993	181	1,787	15.85	—	$2,869
Sep 1993	182	2,002	15.03	—	$2,735
Aug 1993	179	2,104	15.66	—	$2,803
Jul 1993	181	2,023	15.46	—	$2,798
Jun 1993	182	1,869	16.79	—	$3,056
May 1993	0	1,989	17.68	—	$0
Apr 1993	182	1,813	18.05	—	$3,285
Mar 1993	185	1,641	18.14	—	$3,356
Feb 1993	186	1,619	17.90	—	$3,329
Jan 1993	187	1,919	16.93	—	$3,166

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.

Mar 2016 — as filed, then multipliedworked

Oil                   29 bbl  × $ 33.01 =       $957
Casinghead gas         0 Mcf  × $  1.79 =         $0

────────────────────────────────────────────────────
Month total                                     $957

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/O/12366 is the state's own key, not one this site invented.