LOVETT-SINCLAIR

Operated by BASIN OIL & GAS OPERATING, LLC (P-5 54430) in the KERMIT (MCKEE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 186410District 08Field 490384262 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.9 M
Aug 2001 – Sep 2023
Value, last 12 filed months
$34 k
at the published price for each month
Months reported
266
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 61 leases and 74 wells, and the rule below applies to all of them.

Discovered
1960-02-11
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 12/01/96.

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
High Cost Gas112007-10-15176513
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
CondensateDisposition7,696 bbl$447,057
GasProduction304,336 Mcf$1,454,929
Total$1,901,986

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 31.8866, -103.0905. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.88661, -103.09055 · 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
100.0%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,390 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 10,390 ft.

Completions filed
Sep 2023
1 of 1 wells

1 well

42-49532796410,390 ftSep 2023Yes

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 (266)

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

266 months

Sep 20230089.042.74$0
Aug 2023026480.522.67$706
Jul 2023047674.852.64$1,258
Jun 2023068468.962.26$1,545
May 202301,18170.622.23$2,631
Apr 202301,11178.122.24$2,486
Mar 2023086572.852.39$2,070
Feb 202301,22075.112.47$3,008
Jan 202301,47076.533.39$4,980
Dec 2022091076.415.73$5,213
Nov 2022075885.005.65$4,280
Oct 2022096287.185.86$5,641
Sep 202201,04484.888.16$8,523
Aug 202201,04394.529.13$9,520
Jul 202201,027101.587.54$7,746
Jun 20220470115.097.98$3,749
May 20220701109.378.43$5,912
Apr 202248164104.226.84$6,124
Mar 20220493108.885.08$2,503
Feb 2022059391.054.86$2,881
Jan 2022083181.844.54$3,771
Dec 2021085371.323.90$3,326
Nov 202101,38377.435.24$7,243
Oct 202101,08779.795.71$6,211
Sep 202101,05169.865.35$5,624
Aug 202107066.024.22$295
Jul 2021097270.783.98$3,871
Jun 202101,11369.493.38$3,763
May 202101,21863.483.02$3,676
Apr 202101,21960.362.76$3,363
Mar 202101,33761.302.72$3,633
Feb 202101,12257.805.55$6,225
Jan 202101,37250.412.81$3,856
Dec 202001,77644.642.68$4,752
Nov 202001,01038.772.71$2,734
Oct 202081,06636.972.48$2,938
Sep 2020898237.091.99$2,252
Aug 202091,05239.982.39$2,869
Jul 2020675138.371.83$1,601
Jun 2020932534.901.69$863
May 2020243416.921.81$468
Apr 2020222214.751.80$364
Mar 20202358630.341.86$1,786
Feb 2020161,03549.881.98$2,848
Jan 2020391,05757.252.09$4,447
Dec 20191394159.012.30$2,936
Nov 2019065855.302.75$1,810
Oct 20192742753.472.42$2,476
Sep 20191561255.052.66$2,452
Aug 2019092753.112.30$2,136
Jul 20193988256.272.46$4,364
Jun 201901,18552.782.49$2,952
May 2019221,20258.482.74$4,580
Apr 2019391,19062.632.75$5,716
Mar 2019331,09856.803.06$5,237
Feb 20193444850.852.79$2,980
Jan 201905746.033.23$184
Dec 2018365346.594.19$1,899
Nov 2018036852.934.24$1,559
Oct 20185239761.443.40$4,544
Sep 2018075259.543.11$2,337
Aug 2018056959.403.07$1,745
Jul 20183222665.142.93$2,747
Jun 2018042160.183.08$1,295
May 2018021765.382.90$629
Apr 20180063.842.90$0
Mar 2018041961.222.79$1,168
Feb 20180061.782.77$0
Jan 201801162.874.01$44
Dec 20170057.272.92$0
Nov 2017786455.423.12$3,082
Oct 2017013149.292.98$391
Sep 20170047.523.09$0
Aug 2017027645.373.00$829
Jul 20172081343.873.09$3,387
Jun 2017171,09842.493.09$4,112
May 2017441,29145.373.26$6,209
Apr 2017321,17147.933.21$5,295
Mar 2017431,20346.772.98$5,600
Feb 20173098750.452.95$4,428
Jan 2017201,05249.413.42$4,585
Dec 2016501,00848.763.72$6,191
Nov 2016181,10542.492.64$3,687
Oct 2016421,13846.193.09$5,457
Sep 20161697541.553.10$3,688
Aug 2016411,11541.442.92$4,960
Jul 2016191,17341.622.92$4,221
Jun 2016261,06445.352.69$4,037
May 20163296542.521.99$3,282
Apr 20162388336.561.99$2,599
Mar 2016311,27933.011.79$3,318
Feb 2016311,14326.472.06$3,179
Jan 2016321,26527.352.36$3,866
Dec 2015241,35832.362.00$3,495
Nov 2015371,42238.792.17$4,517
Oct 2015652,00643.552.43$7,698
Sep 2015281,97242.992.76$6,643
Aug 2015321,40040.162.87$5,307
Jul 2015311,23048.152.95$5,115
Jun 2015291,23056.152.88$5,174
May 2015291,29555.212.96$5,428
Apr 2015291,14549.822.71$4,544
Mar 2015361,19542.892.93$5,051
Feb 20152493944.662.98$3,866
Jan 2015241,03943.433.10$4,264
Dec 2014311,13954.693.59$5,786
Nov 2014281,03270.464.25$6,361
Oct 2014211,12778.303.90$6,041
Sep 20142998586.164.05$6,483
Aug 2014151,34889.394.04$6,780
Jul 2014371,40796.564.18$9,453
Jun 2014271,53098.164.74$9,898
May 2014231,56194.734.73$9,557
Apr 201451,21595.944.81$6,323
Mar 201401,56295.895.06$7,899
Feb 2014197897.406.19$6,153
Jan 2014152490.404.86$1,473
Dec 20135757991.824.35$7,755
Nov 2013381,00488.853.74$7,130
Oct 20135078597.423.78$7,838
Sep 2013631,015104.113.72$10,332
Aug 2013541,053104.253.52$9,339
Jul 2013531,062102.523.72$9,382
Jun 2013491,00494.403.93$8,575
May 2013671,04294.834.15$10,677
Apr 20135593093.964.28$9,151
Mar 20133399693.623.91$6,987
Feb 2013671,00291.233.42$9,539
Jan 20137979291.603.42$9,945
Dec 2012491,15786.773.42$8,209
Nov 2012651,12786.953.62$9,737
Oct 20124587489.383.40$6,993
Sep 20122082494.672.92$4,298
Aug 20123696292.662.91$6,133
Jul 2012321,04585.133.02$5,881
Jun 20123889779.822.52$5,293
May 20122392591.612.49$4,409
Apr 201276999101.652.00$9,720
Mar 201252994105.052.22$7,671
Feb 201263946101.102.57$8,801
Jan 20122689598.092.73$4,997
Dec 2011661,06396.873.24$9,837
Nov 20112594895.723.31$5,532
Oct 2011601,08984.983.65$9,072
Sep 20112686083.623.99$5,602
Aug 20114276583.404.15$6,677
Jul 20113767194.144.52$6,514
Jun 20111381592.904.64$4,989
May 20114098598.134.40$8,264
Apr 201139828105.964.33$7,720
Mar 20116699496.364.06$10,393
Feb 20112581885.644.18$5,560
Jan 2011711,08686.504.59$11,125
Dec 2010591,11685.734.35$9,910
Nov 2010301,12780.843.80$6,703
Oct 20103991778.103.51$6,264
Sep 20105090972.633.98$7,249
Aug 20104399273.684.42$7,552
Jul 20103897372.554.74$7,366
Jun 20105345670.364.91$5,968
May 2010561,13571.124.24$8,790
Apr 2010841,06981.694.12$11,269
Mar 20101021,13378.394.39$12,968
Feb 2010931,12173.585.44$12,944
Jan 2010551,25474.365.96$11,569
Dec 2009711,41671.445.48$12,837
Nov 2009161,38074.593.75$6,371
Oct 2009161,28072.544.11$6,422
Sep 2009141,27065.543.06$4,810
Aug 200971,18767.423.22$4,292
Jul 2009868261.133.46$2,852
Jun 2009131,26466.163.90$5,783
May 2009161,26254.743.93$5,830
Apr 2009121,24546.773.59$5,028
Mar 2009281,17642.144.06$5,953
Feb 2009311,22632.814.63$6,697
Jan 2009291,43335.865.37$8,737
Dec 2008231,32137.105.98$8,749
Nov 2008301,28155.496.86$10,453
Oct 2008121,43075.246.92$10,801
Sep 20088710101.767.88$6,407
Aug 2008171,463114.228.48$14,352
Jul 2008151,416131.0811.39$18,094
Jun 2008161,458131.3313.03$21,103
May 2008151,404123.1711.57$18,098
Apr 2008141,369110.3110.45$15,857
Mar 2008161,441101.909.66$15,556
Feb 2008121,39692.538.77$13,354
Jan 2008171,52190.388.21$14,017
Dec 2007141,40088.337.30$11,459
Nov 2007131,64491.677.29$13,179
Oct 2007161,57382.856.92$12,214
Sep 2007141,41675.846.24$9,903
Aug 2007151,21269.066.39$8,778
Jul 2007151,35270.906.39$9,700
Jun 2007201,23962.007.55$10,593
May 2007181,38258.747.85$11,901
Apr 2007221,24359.617.81$11,013
Mar 2007261,26956.927.30$10,746
Feb 2007191,10555.108.22$10,126
Jan 2007251,00350.306.73$8,005
Dec 2006251,26256.656.92$10,147
Nov 2006281,27154.207.62$11,199
Oct 2006331,61554.906.01$11,524
Sep 2006251,72560.085.04$10,191
Aug 2006351,65468.717.34$14,545
Jul 2006341,88669.376.34$14,321
Jun 2006271,58766.286.38$11,921
May 2006301,51166.016.42$11,688
Apr 2006231,00464.397.36$8,871
Mar 2006371,22556.707.08$10,774
Feb 2006371,04657.597.75$10,239
Jan 2006271,00460.598.93$10,605
Dec 2005281,16454.9413.42$17,154
Nov 200561,32154.6910.59$14,315
Oct 200501,18358.3413.80$16,320
Sep 200501,11061.4512.08$13,408
Aug 200501,05161.519.80$10,296
Jul 200502,19055.697.84$17,178
Jun 200501,86552.337.38$13,766
May 200501,58945.226.65$10,569
Apr 2005201,24549.207.36$10,148
Mar 2005661,06850.377.15$10,966
Feb 2005381,06245.226.31$8,422
Jan 2005301,48743.166.32$10,696
Dec 2004281,58139.866.75$11,790
Nov 2004461,32345.286.33$10,458
Oct 2004601,36949.706.52$11,901
Sep 2004811,87943.245.28$13,431
Aug 20041092,55442.375.55$18,795
Jul 2004982,25138.286.08$17,447
Jun 2004681,84636.106.43$14,330
May 2004541,97937.486.49$14,877
Apr 2004622,35134.475.86$15,910
Mar 2004642,09634.365.53$13,790
Feb 2004461,78532.455.51$11,327
Jan 2004111,61632.036.30$10,533
Dec 2003111,63730.266.30$10,649
Nov 2003211,66828.804.60$8,270
Oct 200351,86628.174.76$9,022
Sep 200301,81626.314.75$8,625
Aug 200301,71529.765.13$8,797
Jul 200311,72929.415.17$8,970
Jun 2003141,69228.565.98$10,523
May 2003651,45626.595.97$10,425
Apr 2003551,56926.675.41$9,951
Mar 2003291,63431.146.10$10,864
Feb 200301,57733.487.93$12,499
Jan 200321,77230.315.58$9,952
Dec 2002261,70526.914.85$8,975
Nov 2002521,47724.664.14$7,393
Oct 2002541,54626.464.23$7,967
Sep 20022284727.443.64$3,683
Aug 20023278325.963.16$3,308
Jul 20022591224.583.06$3,407
Jun 20024885523.733.34$3,993
May 2002591,65524.663.58$7,386
Apr 2002452,41323.653.51$9,539
Mar 20020022.003.10$0
Feb 200241018.222.38$747
Jan 20021132,58717.172.38$8,086
Dec 20012212,97416.932.36$10,773
Nov 20012462,74618.072.41$11,051
Oct 20011862,61919.782.53$10,302
Sep 2001757,68524.262.25$19,121
Aug 200114978624.873.05$6,105

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.

Aug 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 80.52 =         $0
Gas                  264 Mcf  × $  2.67 =       $706

────────────────────────────────────────────────────
Month total                                     $706

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. 08/G/186410 is the state's own key, not one this site invented.