GIGI STATE 12

Operated by PERMIAN RESOURCES OPERATING, LLC (P-5 100852) in the WOLFBONE (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 43049District 08Field 98359800Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$16.4 M
Mar 2012 – May 2026
Value, last 12 filed months
$740 k
at the published price for each month
Months reported
171
no gaps in the span
Streams
2
oil, casinghead 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 1,266 leases and 2,377 wells, and the rule below applies to all of them.

Discovered
2010-11-30
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 2015-04-08.

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: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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
OilDisposition191,278 bbl$13,431,800
Casinghead gasProduction976,366 Mcf$2,980,759
Total$16,412,559

Wells on this lease (4)

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 31.2794, -103.3845. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.28017, -103.38576 · 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
25.0%
1 of 4 wells
With a plug date
25.0%
1 of 4 wells
Median depth
12,553 ft
4 wells filed one
Completion to plug
6.1 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
125.0%
A plug date is filed
125.0%
BothOn the schedule and plugged. Neither fact cancels the other.
125.0%
NeitherNo plug date, and not on the schedule.
375.0%

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

Between 11,800 and 13,500 ft, median 12,553 ft, over the 4 wells that filed a depth.

Completions filed
Mar 2012 – Apr 2014
4 of 4 wells
Plug dates filed
Jul 2018
1 of 4 wells; 3 filed none

Last completion to plug: a median of 6.1 years across the 1 well that filed both dates, with the middle half between 6.1 years and 6.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-38933918411,800 ftApr 2014
42-38933293313,500 ftApr 2014
42-38933255212,410 ftJun 2012Jul 2018Yes
42-38933012112,695 ftMar 2012

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 (171)

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

171 months

May 202661,628106.413.05$5,597
Apr 20261007,05298.932.87$30,130
Mar 202645213,89089.753.15$84,313
Feb 20262298,64363.503.75$46,956
Jan 202641312,94159.138.00$127,922
Dec 202543413,17156.664.41$82,719
Nov 202552212,77258.593.93$80,732
Oct 202540612,39259.383.30$65,062
Sep 202543912,22462.743.08$65,155
Aug 202534510,04563.933.01$52,339
Jul 202528010,39666.743.32$53,152
Jun 20252319,88166.483.13$46,272
May 20252147,91260.553.23$38,532
Apr 20253589,91662.363.54$57,458
Mar 202540410,20067.704.27$70,888
Feb 20252119,15270.884.34$54,683
Jan 202569711,89174.324.28$102,679
Dec 202441910,11768.993.12$60,486
Nov 2024977,07569.052.20$22,252
Oct 202424810,68771.372.28$42,081
Sep 20245610,73769.612.36$29,284
Aug 20241435,74975.632.06$22,679
Jul 202406,15079.932.15$13,202
Jun 20243142278.082.63$24,575
May 2024043178.812.20$948
Apr 202401,30184.451.66$2,159
Mar 20240580.301.55$8
Feb 202402876.091.78$50
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 202368077.892.81$5,297
Oct 2023106085.443.09$9,057
Sep 20233292,49389.042.74$36,113
Aug 202315082680.522.67$14,286
Jul 202310069474.852.64$9,318
Jun 20232195,88868.962.26$28,400
May 202330613470.622.23$21,908
Apr 2023480078.122.24$37,498
Mar 2023670072.852.39$48,810
Feb 2023362075.112.47$27,190
Jan 20231,25659276.533.39$98,127
Dec 202210051676.415.73$10,597
Nov 2022326085.005.65$27,710
Oct 202254867387.185.86$51,721
Sep 202261768484.888.16$57,955
Aug 202273021894.529.13$70,989
Jul 20226630101.587.54$67,348
Jun 20228330115.097.98$95,870
May 20225530109.378.43$60,482
Apr 20226920104.226.84$72,120
Mar 20228960108.885.08$97,556
Feb 20226541,29791.054.86$65,849
Jan 2022797081.844.54$65,226
Dec 2021801071.323.90$57,127
Nov 2021820077.435.24$63,493
Oct 2021924079.795.71$73,726
Sep 202176640,86669.865.35$272,183
Aug 2021900466.024.22$59,435
Jul 20211,09642,29770.783.98$246,005
Jun 202188639,90869.493.38$196,482
May 20218996363.483.02$57,259
Apr 20211,11630860.362.76$68,211
Mar 20211,02837861.302.72$64,043
Feb 2021868157.805.55$50,176
Jan 20211,30640650.412.81$66,976
Dec 20201,07035,77744.642.68$143,485
Nov 202082934,44838.772.71$125,376
Oct 20201,15237,23636.972.48$134,876
Sep 20209393037.091.99$34,887
Aug 202082980239.982.39$35,056
Jul 202087935,03138.371.83$97,663
Jun 20201,1541,00834.901.69$41,978
May 20201,07143,06616.921.81$96,275
Apr 202094337,38714.751.80$81,370
Mar 20201,04435,10430.341.86$96,836
Feb 20201,51354049.881.98$76,538
Jan 20201,32939,07557.252.09$157,937
Dec 20191,15142,93759.012.30$166,863
Nov 20191,1991,17955.302.75$69,548
Oct 20191,7421,31253.472.42$96,318
Sep 201977048,12755.052.66$170,275
Aug 20199351,26253.112.30$52,566
Jul 20191,4646256.272.46$82,532
Jun 201914917652.782.49$8,303
May 20191,94397058.482.74$116,285
Apr 20191,081062.632.75$67,703
Mar 2019051756.803.06$1,583
Feb 2019659050.852.79$33,510
Jan 201912833846.033.23$6,983
Dec 20181,1191,52846.594.19$58,530
Nov 20181,3351,82352.934.24$78,386
Oct 20181,210061.443.40$74,342
Sep 20189067,63759.543.11$77,679
Aug 20181,1942,10459.403.07$77,376
Jul 20181,0722,70065.142.93$77,746
Jun 20181,2446,95160.183.08$96,252
May 20181,36412,45765.382.90$125,314
Apr 20181,20311,38863.842.90$109,834
Mar 20181,358061.222.79$83,137
Feb 20181,411061.782.77$87,172
Jan 20181,847062.874.01$116,121
Dec 2017902057.272.92$51,658
Nov 20171,739055.423.12$96,375
Oct 20172,185049.292.98$107,699
Sep 20171,262047.523.09$59,970
Aug 20171,701045.373.00$77,174
Jul 2017867043.873.09$38,035
Jun 2017607042.493.09$25,791
May 20171,134045.373.26$51,450
Apr 20171,257047.933.21$60,248
Mar 20172,021046.772.98$94,522
Feb 20171,367050.452.95$68,965
Jan 20171,458049.413.42$72,040
Dec 2016843048.763.72$41,105
Nov 20161,524042.492.64$64,755
Oct 20161,9576,48246.193.09$110,425
Sep 20162,1122,61841.553.10$95,871
Aug 20163,4727,99541.442.92$167,260
Jul 20162,12920,36641.622.92$148,166
Jun 20165,59019,60745.352.69$306,168
May 201605142.521.99$102
Apr 201607236.561.99$143
Mar 2016014833.011.79$266
Feb 20160026.472.06$0
Jan 201601627.352.36$38
Dec 20150032.362.00$0
Nov 201503938.792.17$85
Oct 20151664743.552.43$7,343
Sep 2015120642.992.76$5,175
Aug 20152228240.162.87$9,151
Jul 201577921348.152.95$38,136
Jun 20151,2651,00056.152.88$73,913
May 20151,16658855.212.96$66,113
Apr 20152,0851,50649.822.71$107,951
Mar 20151,372242.892.93$58,851
Feb 20151,5445244.662.98$69,110
Jan 20151,4736343.433.10$64,168
Dec 20141,91198154.693.59$108,036
Nov 20141,81979270.464.25$131,534
Oct 20142,8722,23778.303.90$233,604
Sep 20141,3471,03186.164.05$120,228
Aug 20143,3603,47189.394.04$314,356
Jul 20145,8126,80496.564.18$589,645
Jun 20143,6964,20698.164.74$382,723
May 20146,4669,51694.734.73$657,502
Apr 20141,3081,55995.944.81$132,987
Mar 20145891,43295.895.06$63,721
Feb 20142,3913,96997.406.19$257,459
Jan 20142,9682,95690.404.86$282,675
Dec 20134,2622,98591.824.35$404,335
Nov 20131,57854788.853.74$142,250
Oct 20132,3031,10797.423.78$228,542
Sep 20131,0581,061104.113.72$114,093
Aug 2013021104.253.52$74
Jul 20139247102.523.72$9,607
Jun 20130094.403.93$0
May 201333051394.834.15$33,422
Apr 20137962,28593.964.28$84,578
Mar 20131,8234,56693.623.91$188,535
Feb 20131,5633,71791.233.42$155,304
Jan 20132,2953,45291.603.42$222,028
Dec 201202,45986.773.42$8,410
Nov 20122,2395,03086.953.62$212,915
Oct 20122,4534,87689.383.40$235,826
Sep 20123,7917,48194.672.92$380,727
Aug 20124,0096,18492.662.91$389,458
Jul 20125,7966,46885.133.02$512,952
Jun 20122,0396,64779.822.52$179,497
May 20122,4252,51291.612.49$228,405
Apr 20122,0231,515101.652.00$208,663
Mar 20122,4265,360105.052.22$266,762

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
Oil                    6 bbl  × $106.41 =       $638
Casinghead gas     1,628 Mcf  × $  3.05 =     $4,959

────────────────────────────────────────────────────
Month total                                   $5,597

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/O/43049 is the state's own key, not one this site invented.