GIBBS

Operated by KROCAN ENERGY CORPORATION (P-5 478188) 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 206874District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.3 M
Apr 2004 – May 2026
Value, last 12 filed months
$43 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 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 Gas112009-04-16190509
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
CondensateDisposition11 bbl$582
GasProduction604,192 Mcf$2,274,911
Total$2,275,493

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 33.0876, -97.2494. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.08760, -97.24939 · 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
8,189 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 8,189 ft.

Completions filed
Feb 2009
1 of 1 wells

1 well

42-1213228048,189 ftFeb 2009

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

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 202502,24856.664.41$9,921
Nov 202503,10958.593.93$12,207
Oct 2025060359.383.30$1,993
Sep 2025010362.743.08$317
Aug 202501,84463.933.01$5,559
Jul 202502,23166.743.32$7,396
Jun 202501,90366.483.13$5,954
May 20250060.553.23$0
Apr 202501,86062.363.54$6,590
Mar 202501,93367.704.27$8,251
Feb 202501,79970.884.34$7,809
Jan 202502,00674.324.28$8,583
Dec 202402,10068.993.12$6,555
Nov 202402,17469.052.20$4,779
Oct 202401,99771.372.28$4,556
Sep 202402,03969.612.36$4,821
Aug 202402,14275.632.06$4,420
Jul 202402,51479.932.15$5,397
Jun 202402,47578.082.63$6,519
May 202402,54878.812.20$5,602
Apr 202402,52684.451.66$4,191
Mar 202402,64580.301.55$4,087
Feb 202402,49876.091.78$4,456
Jan 202402,71473.023.30$8,950
Dec 202302,80971.262.61$7,334
Nov 202302,64377.892.81$7,420
Oct 202302,88385.443.09$8,901
Sep 202302,94689.042.74$8,057
Aug 202303,17980.522.67$8,497
Jul 202303,25974.852.64$8,610
Jun 202303,55868.962.26$8,036
May 202304,59170.622.23$10,226
Apr 202305,06878.122.24$11,341
Mar 202303,28572.852.39$7,862
Feb 202302,95875.112.47$7,293
Jan 202305,26976.533.39$17,850
Dec 202205,15276.415.73$29,516
Nov 202204,90485.005.65$27,689
Oct 202205,46687.185.86$32,051
Sep 202206,02484.888.16$49,178
Aug 202206,89894.529.13$62,959
Jul 202201,957101.587.54$14,760
Jun 202201,475115.097.98$11,766
May 202201,479109.378.43$12,472
Apr 202201,450104.226.84$9,915
Mar 202201,509108.885.08$7,660
Feb 202201,36191.054.86$6,613
Jan 202201,50981.844.54$6,847
Dec 202101,51571.323.90$5,907
Nov 202101,46177.435.24$7,651
Oct 202101,51979.795.71$8,679
Sep 202101,44569.865.35$7,732
Aug 202101,80766.024.22$7,627
Jul 202101,47370.783.98$5,866
Jun 202101,42669.493.38$4,821
May 202101,55863.483.02$4,702
Apr 202101,53060.362.76$4,220
Mar 202101,60561.302.72$4,361
Feb 2021097757.805.55$5,420
Jan 202101,16750.412.81$3,280
Dec 202001,23044.642.68$3,291
Nov 202001,24938.772.71$3,381
Oct 202001,26836.972.48$3,143
Sep 202001,29237.091.99$2,572
Aug 202001,35339.982.39$3,227
Jul 202001,43938.371.83$2,626
Jun 202001,55334.901.69$2,625
May 202001,35916.921.81$2,466
Apr 202001,32514.751.80$2,391
Mar 202002,35430.341.86$4,370
Feb 202002,84949.881.98$5,643
Jan 202004,64357.252.09$9,726
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 201807061.443.40$238
Sep 2018026259.543.11$814
Aug 20180059.403.07$0
Jul 2018177465.142.93$2,334
Jun 201814,42160.183.08$13,663
May 201802,39565.382.90$6,947
Apr 201801,52163.842.90$4,412
Mar 201801,62361.222.79$4,523
Feb 201801,41061.782.77$3,900
Jan 201801,60362.874.01$6,427
Dec 201701,63357.272.92$4,771
Nov 201701,64455.423.12$5,127
Oct 201701,73649.292.98$5,180
Sep 201701,73847.523.09$5,366
Aug 201701,91045.373.00$5,738
Jul 201701,94943.873.09$6,017
Jun 201701,78542.493.09$5,511
May 201701,98445.373.26$6,475
Apr 201711,98247.933.21$6,413
Mar 201711,55446.772.98$4,683
Feb 201711,65650.452.95$4,940
Jan 201711,60049.413.42$5,519
Dec 201611,65248.763.72$6,199
Nov 201611,72042.492.64$4,591
Oct 201601,84046.193.09$5,686
Sep 201601,84341.553.10$5,714
Aug 201601,94741.442.92$5,694
Jul 201602,03741.622.92$5,957
Jun 201601,87545.352.69$5,036
May 201601,97442.521.99$3,930
Apr 201601,90236.561.99$3,787
Mar 201601,99933.011.79$3,586
Feb 201601,88826.472.06$3,896
Jan 201602,03027.352.36$4,800
Dec 201502,11132.362.00$4,225
Nov 201502,19738.792.17$4,762
Oct 201502,43643.552.43$5,911
Sep 201502,19942.992.76$6,066
Aug 201502,39740.162.87$6,885
Jul 201502,55948.152.95$7,536
Jun 201502,41056.152.88$6,948
May 201502,76555.212.96$8,172
Apr 201512,46649.822.71$6,724
Mar 201512,50042.892.93$7,380
Feb 201502,32444.662.98$6,917
Jan 201502,68843.433.10$8,334
Dec 201402,61854.693.59$9,402
Nov 201402,96670.464.25$12,611
Oct 201412,91778.303.90$11,457
Sep 201402,32186.164.05$9,389
Aug 201402,51389.394.04$10,140
Jul 201402,61996.564.18$10,946
Jun 201402,51898.164.74$11,927
May 201402,88494.734.73$13,631
Apr 201402,88495.944.81$13,870
Mar 201403,23795.895.06$16,369
Feb 201402,77297.406.19$17,164
Jan 201402,79490.404.86$13,581
Dec 201302,82091.824.35$12,280
Nov 201303,06388.853.74$11,450
Oct 201302,45297.423.78$9,267
Sep 201302,497104.113.72$9,283
Aug 201303,118104.253.52$10,984
Jul 201302,990102.523.72$11,116
Jun 201303,05494.403.93$12,013
May 201303,12694.834.15$12,970
Apr 201302,91493.964.28$12,479
Mar 201303,08393.623.91$12,063
Feb 201302,35991.233.42$8,068
Jan 201303,21091.603.42$10,978
Dec 201203,43786.773.42$11,755
Nov 201203,32686.953.62$12,057
Oct 201204,38389.383.40$14,901
Sep 201203,99694.672.92$11,662
Aug 201204,17292.662.91$12,133
Jul 201203,69385.133.02$11,156
Jun 201203,71979.822.52$9,368
May 201204,04391.612.49$10,060
Apr 201203,551101.652.00$7,091
Mar 201203,663105.052.22$8,139
Feb 201203,363101.102.57$8,644
Jan 201203,62898.092.73$9,919
Dec 201103,70396.873.24$11,997
Nov 201103,50395.723.31$11,599
Oct 201103,81784.983.65$13,926
Sep 201104,22583.623.99$16,840
Aug 201103,55283.404.15$14,738
Jul 201103,39194.144.52$15,318
Jun 201103,33492.904.64$15,469
May 201103,55598.134.40$15,659
Apr 201103,576105.964.33$15,496
Mar 201103,86196.364.06$15,665
Feb 201103,55085.644.18$14,839
Jan 201103,91686.504.59$17,970
Dec 201004,33185.734.35$18,830
Nov 201004,27480.843.80$16,221
Oct 201004,78678.103.51$16,794
Sep 201004,85772.633.98$19,328
Aug 201005,02573.684.42$22,207
Jul 201005,25772.554.74$24,900
Jun 201005,44870.364.91$26,752
May 201006,40771.124.24$27,135
Apr 201006,22581.694.12$25,664
Mar 201006,70378.394.39$29,417
Feb 201006,24473.585.44$33,982
Jan 201006,95974.365.96$41,504
Dec 200907,54971.445.48$41,397
Nov 200907,98774.593.75$29,963
Oct 200907,81372.544.11$32,113
Sep 200908,58665.543.06$26,314
Aug 200909,40267.423.22$30,260
Jul 2009010,13061.133.46$35,095
Jun 2009010,55466.163.90$41,108
May 2009012,18854.743.93$47,847
Apr 2009012,92446.773.59$46,365
Mar 2009016,83042.144.06$68,313
Feb 2009018,64332.814.63$86,373
Jan 200902,33535.865.37$12,541
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
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 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$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.

Dec 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 56.66 =         $0
Gas                2,248 Mcf  × $  4.41 =     $9,921

────────────────────────────────────────────────────
Month total                                   $9,921

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/206874 is the state's own key, not one this site invented.