SMITH, PEGGY GAS UNIT "B"

Operated by BKV BARNETT, LLC (P-5 72504) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 158396District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.8 M
Mar 1996 – May 2026
Value, last 12 filed months
$97 k
at the published price for each month
Months reported
363
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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
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 20 acres. The field rule took effect on 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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 Gas111996-06-24134872
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
CondensateDisposition896 bbl$28,478
GasProduction2,488,527 Mcf$10,818,594
Total$10,847,072

151,695 Mcf of this lease's gas, across 9 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 33.1575, -97.3864. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.15754, -97.38644 · 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
8,125 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 8,125 ft.

Completions filed
Mar 1996
1 of 1 wells

1 well

42-1213062628,125 ftMar 1996

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 (363)

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

363 months

May 202602,534106.413.05$7,718
Apr 202602,42898.932.87$6,968
Mar 202602,42489.753.15$7,634
Feb 202602,15863.503.75$8,093
Jan 202602,30359.138.00$18,419
Dec 202502,17756.664.41$9,608
Nov 202501,96258.593.93$7,704
Oct 202501,78659.383.30$5,902
Sep 202501,84662.743.08$5,680
Aug 202501,94763.933.01$5,870
Jul 202502,01566.743.32$6,680
Jun 202502,13866.483.13$6,689
May 202502,23860.553.23$7,234
Apr 202502,22162.363.54$7,869
Mar 202502,28867.704.27$9,766
Feb 202502,07870.884.34$9,020
Jan 202502,38474.324.28$10,200
Dec 202402,37668.993.12$7,416
Nov 202402,29569.052.20$5,045
Oct 202402,37871.372.28$5,425
Sep 202402,33669.612.36$5,523
Aug 202402,41575.632.06$4,984
Jul 202402,42279.932.15$5,199
Jun 202402,45778.082.63$6,472
May 202402,54778.812.20$5,599
Apr 202402,34484.451.66$3,889
Mar 202402,65980.301.55$4,109
Feb 202402,42576.091.78$4,325
Jan 202402,56473.023.30$8,455
Dec 202302,63671.262.61$6,882
Nov 202302,58777.892.81$7,263
Oct 202302,68285.443.09$8,280
Sep 202302,68489.042.74$7,341
Aug 202302,62480.522.67$7,014
Jul 202302,76574.852.64$7,305
Jun 202302,75368.962.26$6,218
May 202302,88870.622.23$6,433
Apr 202302,79278.122.24$6,248
Mar 202302,90572.852.39$6,952
Feb 202302,59475.112.47$6,396
Jan 202302,82676.533.39$9,574
Dec 202202,78276.415.73$15,938
Nov 202202,78185.005.65$15,702
Oct 202202,81587.185.86$16,506
Sep 202202,81984.888.16$23,013
Aug 202203,15294.529.13$28,769
Jul 202203,194101.587.54$24,089
Jun 202203,231115.097.98$25,774
May 202203,103109.378.43$26,168
Apr 202203,076104.226.84$21,032
Mar 202203,253108.885.08$16,514
Feb 202202,73791.054.86$13,299
Jan 202203,32581.844.54$15,088
Dec 202103,39471.323.90$13,234
Nov 202103,30077.435.24$17,282
Oct 202103,56379.795.71$20,359
Sep 202103,37269.865.35$18,043
Aug 202103,56166.024.22$15,030
Jul 202103,70570.783.98$14,754
Jun 202103,43669.493.38$11,616
May 202103,57963.483.02$10,800
Apr 202103,40760.362.76$9,398
Mar 202103,66661.302.72$9,960
Feb 202102,71557.805.55$15,063
Jan 202103,61650.412.81$10,162
Dec 202003,58844.642.68$9,600
Nov 202003,37438.772.71$9,132
Oct 202003,28636.972.48$8,144
Sep 202003,40237.091.99$6,774
Aug 202003,51039.982.39$8,372
Jul 202003,44538.371.83$6,288
Jun 202003,29534.901.69$5,570
May 202003,40116.921.81$6,172
Apr 202003,32414.751.80$5,998
Mar 202003,48630.341.86$6,471
Feb 202003,29749.881.98$6,530
Jan 202003,54757.252.09$7,430
Dec 201903,63459.012.30$8,374
Nov 201903,40455.302.75$9,363
Oct 201903,53253.472.42$8,542
Sep 201903,41755.052.66$9,080
Aug 201903,67953.112.30$8,478
Jul 201903,66656.272.46$9,019
Jun 201903,58052.782.49$8,919
May 201903,73358.482.74$10,230
Apr 201903,66362.632.75$10,076
Mar 201903,72856.803.06$11,416
Feb 201903,37950.852.79$9,435
Jan 201903,63246.033.23$11,725
Dec 201803,69946.594.19$15,482
Nov 201803,60952.934.24$15,292
Oct 201803,77861.443.40$12,838
Sep 201804,08259.543.11$12,687
Aug 201804,06359.403.07$12,459
Jul 201803,73465.142.93$10,948
Jun 201803,70660.183.08$11,403
May 201803,91465.382.90$11,354
Apr 201803,84763.842.90$11,159
Mar 201803,68961.222.79$10,281
Feb 201803,31461.782.77$9,167
Jan 201803,43962.874.01$13,788
Dec 201703,67957.272.92$10,748
Nov 201703,56355.423.12$11,111
Oct 201703,69049.292.98$11,010
Sep 201703,66347.523.09$11,309
Aug 201703,72345.373.00$11,185
Jul 201703,75943.873.09$11,605
Jun 201703,61542.493.09$11,161
May 201703,80145.373.26$12,404
Apr 201703,75647.933.21$12,063
Mar 201703,89346.772.98$11,615
Feb 201703,76950.452.95$11,128
Jan 201703,78849.413.42$12,950
Dec 201603,87048.763.72$14,407
Nov 201603,84342.492.64$10,162
Oct 201604,01346.193.09$12,401
Sep 201603,88941.553.10$12,058
Aug 201604,04241.442.92$11,820
Jul 201603,98341.622.92$11,648
Jun 201603,87045.352.69$10,394
May 201604,08842.521.99$8,139
Apr 201603,94636.561.99$7,857
Mar 201604,12033.011.79$7,391
Feb 201603,86726.472.06$7,980
Jan 201604,21427.352.36$9,963
Dec 201504,15132.362.00$8,308
Nov 201504,10638.792.17$8,899
Oct 201504,27543.552.43$10,374
Sep 201504,20842.992.76$11,607
Aug 201504,12040.162.87$11,835
Jul 201504,31148.152.95$12,696
Jun 201504,21356.152.88$12,145
May 201504,36355.212.96$12,895
Apr 201504,30249.822.71$11,644
Mar 201504,41942.892.93$12,968
Feb 201504,04044.662.98$12,024
Jan 201504,50843.433.10$13,978
Dec 201404,56154.693.59$16,380
Nov 201404,37670.464.25$18,606
Oct 201404,57578.303.90$17,847
Sep 201404,43986.164.05$17,958
Aug 201404,57889.394.04$18,473
Jul 201404,62996.564.18$19,347
Jun 201404,52398.164.74$21,425
May 201404,76094.734.73$22,498
Apr 201404,64295.944.81$22,324
Mar 201404,69795.895.06$23,752
Feb 201404,39497.406.19$27,208
Jan 201404,82890.404.86$23,468
Dec 201304,72491.824.35$20,571
Nov 201304,72588.853.74$17,663
Oct 201304,93097.423.78$18,632
Sep 201304,785104.113.72$17,789
Aug 201305,013104.253.52$17,659
Jul 201305,073102.523.72$18,860
Jun 201304,97094.403.93$19,549
May 201305,20494.834.15$21,592
Apr 201305,14393.964.28$22,025
Mar 201305,45893.623.91$21,356
Feb 201305,21491.233.42$17,831
Jan 201303,92791.603.42$13,430
Dec 201205,56486.773.42$19,030
Nov 201205,46286.953.62$19,800
Oct 201205,90089.383.40$20,058
Sep 201205,13294.672.92$14,977
Aug 201205,89492.662.91$17,141
Jul 201206,00885.133.02$18,149
Jun 201205,78379.822.52$14,568
May 201216,16191.612.49$15,422
Apr 2012116,151101.652.00$13,400
Mar 201206,533105.052.22$14,517
Feb 201206,304101.102.57$16,203
Jan 201207,01898.092.73$19,188
Dec 201107,39296.873.24$23,948
Nov 201107,52795.723.31$24,924
Oct 201108,42884.983.65$30,750
Sep 201109,01483.623.99$35,928
Aug 2011011,23283.404.15$46,605
Jul 2011013,17794.144.52$59,524
Jun 201103,92992.904.64$18,230
May 201105,61198.134.40$24,715
Apr 201105,422105.964.33$23,495
Mar 201105,83296.364.06$23,662
Feb 201105,33785.644.18$22,309
Jan 201106,15586.504.59$28,244
Dec 201005,92085.734.35$25,739
Nov 201005,80980.843.80$22,047
Oct 201006,02078.103.51$21,124
Sep 201005,96672.633.98$23,742
Aug 201006,06673.684.42$26,808
Jul 201006,21272.554.74$29,423
Jun 201006,10370.364.91$29,968
May 201006,45371.124.24$27,330
Apr 201006,28081.694.12$25,890
Mar 201006,57078.394.39$28,834
Feb 201006,03473.585.44$32,839
Jan 201007,12274.365.96$42,476
Dec 200907,01871.445.48$38,485
Nov 200906,81574.593.75$25,566
Oct 200907,28372.544.11$29,935
Sep 200907,13565.543.06$21,867
Aug 200907,44467.423.22$23,959
Jul 200907,74461.133.46$26,829
Jun 200906,75566.163.90$26,311
May 200907,00054.743.93$27,480
Apr 200906,77746.773.59$24,312
Mar 200907,18642.144.06$29,168
Feb 200906,61132.814.63$30,629
Jan 200907,19135.865.37$38,623
Dec 200807,39537.105.98$44,201
Nov 200807,17755.496.86$49,237
Oct 200807,43775.246.92$51,479
Sep 200807,308101.767.88$57,566
Aug 200807,696114.228.48$65,285
Jul 200807,731131.0811.39$88,052
Jun 200807,615131.3313.03$99,243
May 200807,978123.1711.57$92,340
Apr 200807,660110.3110.45$80,084
Mar 200808,152101.909.66$78,782
Feb 200807,83092.538.77$68,674
Jan 200808,75590.388.21$71,841
Dec 200709,25488.337.30$67,572
Nov 200708,17591.677.29$59,610
Oct 2007121,91182.856.92$151,750
Sep 2007111,42275.846.24$71,397
Aug 2007710,46869.066.39$67,352
Jul 20073810,37170.906.39$68,944
Jun 200709,75862.007.55$73,658
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 200602,24356.656.92$15,518
Nov 200609,47254.207.62$72,153
Oct 200609,87054.906.01$59,356
Sep 200609,51660.085.04$47,934
Aug 200609,90068.717.34$72,665
Jul 2006010,00169.376.34$63,434
Jun 200609,67466.286.38$61,758
May 2006010,03766.016.42$64,488
Apr 200609,73564.397.36$71,654
Mar 2006010,22356.707.08$72,409
Feb 200608,62557.597.75$66,853
Jan 2006010,73660.598.93$95,908
Dec 2005010,20854.9413.42$136,944
Nov 2005010,62754.6910.59$112,523
Oct 2005011,02758.3413.80$152,126
Sep 2005010,67461.4512.08$128,931
Aug 2005011,26461.519.80$110,352
Jul 2005110,91355.697.84$85,653
Jun 2005010,68152.337.38$78,837
May 2005111,14745.226.65$74,186
Apr 2005011,05049.207.36$81,333
Mar 2005011,05850.377.15$79,119
Feb 20059210,71745.226.31$71,805
Jan 2005012,36943.166.32$78,199
Dec 2004010,46139.866.75$70,623
Nov 2004010,35645.286.33$65,558
Oct 2004011,02849.706.52$71,849
Sep 2004010,80043.245.28$57,066
Aug 2004011,49442.375.55$63,799
Jul 2004011,62038.286.08$70,698
Jun 2004011,33236.106.43$72,899
May 2004011,80937.486.49$76,695
Apr 2004011,59534.475.86$67,929
Mar 2004012,36634.365.53$68,386
Feb 2004012,13232.455.51$66,843
Jan 20048612,35332.036.30$80,574
Dec 2003012,35630.266.30$77,863
Nov 2003011,99928.804.60$55,137
Oct 2003012,57128.174.76$59,833
Sep 2003013,25926.314.75$62,972
Aug 2003012,50129.765.13$64,127
Jul 2003016,36129.415.17$84,600
Jun 2003016,40128.565.98$98,127
May 20037817,42526.595.97$106,148
Apr 2003018,00426.675.41$97,353
Mar 2003018,98631.146.10$115,739
Feb 2003017,99333.487.93$142,610
Jan 20039819,72730.315.58$113,087
Dec 2002026,01826.914.85$126,285
Nov 20028931,34224.664.14$131,855
Oct 2002022,37926.464.23$94,643
Sep 2002027,23527.443.64$99,005
Aug 20027025,17925.963.16$81,488
Jul 2002010,24724.583.06$31,374
Jun 200201,31023.733.34$4,373
May 200204,19624.663.58$15,038
Apr 200204,56623.653.51$16,037
Mar 200204,77222.003.10$14,806
Feb 2002724,91218.222.38$12,981
Jan 200204,82717.172.38$11,467
Dec 200104,60116.932.36$10,879
Nov 200104,59318.072.41$11,049
Oct 200105,32519.782.53$13,466
Sep 200104,66524.262.25$10,502
Aug 200105,10124.873.05$15,574
Jul 200104,96423.933.20$15,870
Jun 200104,67024.563.82$17,859
May 200105,10825.524.31$22,002
Apr 2001010,27124.685.34$54,799
Mar 200106,28724.545.38$33,802
Feb 200109,09427.755.77$52,446
Jan 2001010,58127.478.40$88,867
Dec 2000011,11526.889.12$101,397
Nov 20009610,26332.215.66$61,160
Oct 2000010,76031.235.15$55,366
Sep 2000011,04931.875.19$57,306
Aug 2000012,06229.644.54$54,771
Jul 2000013,67728.534.09$55,936
Jun 2000014,74929.304.40$64,855
May 2000013,77027.263.68$50,670
Apr 2000017,93424.513.12$55,882
Mar 2000022,55828.422.86$64,510
Feb 2000010,23827.622.73$27,914
Jan 200006,81525.272.48$16,905
Dec 199977,10224.282.42$17,383
Nov 199906,64723.192.43$16,179
Oct 199907,61520.982.80$21,350
Sep 1999576,56121.752.62$18,422
Aug 199904,96619.262.88$14,280
Jul 199907,38117.892.37$17,510
Jun 199907,32215.942.36$17,295
May 199907,00615.792.32$16,261
Apr 199906,46715.102.21$14,279
Mar 199906,31412.471.84$11,607
Feb 199906,0049.981.82$10,914
Jan 199908,53710.381.90$16,220
Dec 199807,4379.201.77$13,188
Nov 199806,92810.892.19$15,143
Oct 199807,52412.421.97$14,816
Sep 199807,42112.592.08$15,455
Aug 199807,72711.301.91$14,738
Jul 199808,09811.742.24$18,117
Jun 199808,07111.242.24$18,057
May 199808,27112.622.21$18,249
Apr 199807,64613.042.51$19,156
Mar 199808,89812.802.31$20,549
Feb 199807,80813.952.30$17,952
Jan 1998013,20914.702.15$28,463
Dec 1997010,18516.322.41$24,557
Nov 199708,84518.193.09$27,316
Oct 1997010,00919.253.15$31,527
Sep 199709,53117.742.95$28,163
Aug 1997010,92817.862.55$27,918
Jul 199769,63117.582.25$21,746
Jun 1997011,25317.242.26$25,400
May 1997012,17018.972.31$28,094
Apr 1997012,02317.882.08$25,041
Mar 1997312,81618.951.94$24,909
Feb 1997012,61220.492.21$27,821
Jan 1997014,40023.483.54$50,972
Dec 1996015,12523.32$0
Nov 1996016,21421.97$0
Oct 19968012,64723.31$1,865
Sep 1996017,45422.22$0
Aug 1996018,00420.26$0
Jul 1996019,71419.55$0
Jun 1996120,19218.73$19
May 1996025,08019.43$0
Apr 199607,26521.51$0
Mar 19960019.38$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                2,534 Mcf  × $  3.05 =     $7,718

────────────────────────────────────────────────────
Month total                                   $7,718

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. 09/G/158396 is the state's own key, not one this site invented.