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VENETIAN WAY 38 UNIT

Operated by COTERRA ENERGY OPERATING CO. (P-5 103285) in the FORD, WEST (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 278878District 08Field 31913800Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$45.6 M
Oct 2015 – May 2026
Value, last 12 filed months
$2.0 M
at the published price for each month
Months reported
128
no gaps in the span
Streams
2
condensate, gas

The FORD, WEST (WOLFCAMP) 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 1,466 leases and 1,484 wells, and the rule below applies to all of them.

Discovered
2010-11-05
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 80 acres. The field rule took effect on 2018-06-05.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “DOCKET SAYS PRO PLAT NOT REQUIRED NOT LEASE PLAT NOT REQ”

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 Gas112017-04-13219103
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
CondensateDisposition611,103 bbl$30,675,920
GasProduction4,821,338 Mcf$14,913,668
Total$45,589,588

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 31.7595, -104.1352. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.75954, -104.13518 · 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
9,046 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 9,046 ft.

Completions filed
Oct 2015
1 of 1 wells

1 well

42-109328301H9,046 ftOct 2015——

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 (128)

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

128 months

May 20261,39625,541106.413.05$226,342
Apr 202686913,24998.932.87$123,991
Mar 20261,78326,15689.753.15$242,401
Feb 20262,10124,79463.503.75$226,399
Jan 20261,85026,64759.138.00$322,511
Dec 20251,56723,09656.664.41$190,717
Nov 20251,33820,50158.593.93$158,889
Oct 20251,63424,46659.383.30$177,883
Sep 20253369,54262.743.08$50,441
Aug 2025855,65463.933.01$22,480
Jul 202585310,60866.743.32$92,097
Jun 20251,17119,09266.483.13$137,582
May 20251,46022,74160.553.23$161,909
Apr 20251,00716,85862.363.54$122,526
Mar 20251,91919,17167.704.27$211,744
Feb 20251,24621,69470.884.34$182,487
Jan 202598818,01274.324.28$150,496
Dec 20241,46219,36368.993.12$161,302
Nov 20241,31619,72869.052.20$134,241
Oct 20241,73420,89071.372.28$171,414
Sep 202491415,95869.612.36$101,354
Aug 20241,58120,72675.632.06$162,342
Jul 20241,50217,09679.932.15$156,753
Jun 20241,00317,92178.082.63$125,518
May 202474114,32078.812.20$89,880
Apr 20241,40719,03684.451.66$150,406
Mar 20241,58719,65380.301.55$157,803
Feb 20241,54517,87276.091.78$149,436
Jan 20241,42816,41473.023.30$158,400
Dec 20231,63120,87871.262.61$170,732
Nov 20231,49516,32277.892.81$162,271
Oct 20231,24018,39485.443.09$162,733
Sep 20231,43418,79989.042.74$179,099
Aug 20231,56120,63380.522.67$180,841
Jul 20231,55118,99874.852.64$166,281
Jun 20231,76820,06868.962.26$167,244
May 20231,43318,75770.622.23$142,978
Apr 20231,57322,54478.122.24$173,331
Mar 20231,53120,68972.852.39$161,045
Feb 20231,99018,37375.112.47$194,771
Jan 20231,48523,51376.533.39$193,303
Dec 20221,37722,04976.415.73$231,537
Nov 20221,91524,09485.005.65$298,815
Oct 20221,94723,74587.185.86$308,974
Sep 20222,00423,53984.888.16$362,264
Aug 20221,80522,67694.529.13$377,576
Jul 20221,87923,574101.587.54$368,666
Jun 20221,96320,021115.097.98$385,633
May 20221,62623,079109.378.43$372,462
Apr 20221,73722,769104.226.84$336,715
Mar 20222,23525,218108.885.08$371,363
Feb 20222,05422,50491.054.86$296,360
Jan 20221,68023,93281.844.54$246,087
Dec 20211,81824,09271.323.90$223,597
Nov 20212,04525,07377.435.24$289,648
Oct 20211,94125,49079.795.71$300,519
Sep 20211,90323,88269.865.35$260,734
Aug 20212,36627,52066.024.22$272,354
Jul 20212,13828,03270.783.98$262,953
Jun 20212,16026,94469.493.38$241,186
May 20212,32629,05663.483.02$235,336
Apr 20212,62428,50360.362.76$237,008
Mar 20212,17529,11061.302.72$212,418
Feb 20211,95523,48857.805.55$243,309
Jan 20212,48231,10250.412.81$212,523
Dec 20202,73830,79644.642.68$204,618
Nov 20202,63229,85338.772.71$182,842
Oct 20202,85731,00236.972.48$182,460
Sep 20203,17530,83437.091.99$179,152
Aug 20202,73430,02939.982.39$180,927
Jul 20202,55329,56038.371.83$151,909
Jun 20202,56228,61634.901.69$137,784
May 20203,08530,45416.921.81$107,465
Apr 20202,77429,57914.751.80$94,288
Mar 20202,93931,61230.341.86$147,848
Feb 20202,81029,63749.881.98$198,864
Jan 20202,99531,07557.252.09$236,558
Dec 20193,06131,40659.012.30$253,000
Nov 20193,09330,44655.302.75$254,791
Oct 20193,02830,90153.472.42$236,642
Sep 20193,03331,10755.052.66$249,627
Aug 20193,64734,63853.112.30$273,511
Jul 20195,04640,02656.272.46$382,405
Jun 20194,05933,12152.782.49$296,745
May 20194,15140,59258.482.74$353,986
Apr 20193,81236,28362.632.75$338,549
Mar 20194,05537,33456.803.06$344,644
Feb 20193,60832,32750.852.79$273,731
Jan 20194,62736,13846.033.23$329,641
Dec 20184,08136,22546.594.19$341,751
Nov 20184,00233,87652.934.24$355,367
Oct 20185,54344,52561.443.40$491,861
Sep 20185,55243,72159.543.11$466,451
Aug 20185,52647,58159.403.07$474,154
Jul 20186,71551,76065.142.93$589,169
Jun 20187,68455,91360.183.08$634,463
May 201810,60665,45765.382.90$883,298
Apr 20189257,84663.842.90$81,812
Mar 20185,71650,36361.222.79$490,287
Feb 20184,46340,00961.782.77$386,394
Jan 20185,91736,70062.874.01$519,144
Dec 20175,47754,84757.272.92$473,904
Nov 20176,41758,02055.423.12$536,557
Oct 20177,24562,13549.292.98$542,497
Sep 20177,41363,10947.523.09$547,101
Aug 20177,25662,15945.373.00$515,955
Jul 20178,69970,88943.873.09$600,479
Jun 201710,85970,87642.493.09$680,213
May 20178,67770,89145.373.26$625,021
Apr 20179,43172,27347.933.21$684,140
Mar 20179,91678,27746.772.98$697,325
Feb 201710,21373,59450.452.95$732,539
Jan 201711,38977,85449.413.42$828,898
Dec 201612,19578,06748.763.72$885,258
Nov 201612,74475,33842.492.64$740,713
Oct 201613,51679,51046.193.09$870,011
Sep 201614,93980,82341.553.10$871,318
Aug 201615,28585,97541.442.92$884,831
Jul 201614,72677,44841.622.92$839,380
Jun 201616,90889,35445.352.69$1,006,767
May 201618,08293,02942.521.99$954,071
Apr 201616,99687,85536.561.99$796,297
Mar 201615,29674,30033.011.79$638,216
Feb 201616,58486,43026.472.06$617,338
Jan 201620,221100,47927.352.36$790,613
Dec 201521,901109,58032.362.00$928,031
Nov 201524,085110,96238.792.17$1,174,748
Oct 201524,159101,66343.552.43$1,298,818

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         1,396 bbl  × $106.41 =   $148,548
Gas               25,541 Mcf  × $  3.05 =    $77,794

────────────────────────────────────────────────────
Month total                                 $226,342

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/278878 is the state's own key, not one this site invented.