FRANKLIN

Name: FRANKLIN lease production and value, Dec 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WILLOWBEND INVESTMENTS, INC. (P-5 927665) 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 207304District 09Field 65280200CondensateGasSave Export

Value, all time

$1.2 M

Dec 2004 – Mar 2021

Value, last 12 filed months

$836

at the published price for each month

Months reported

196

no gaps in the span

Streams

condensate, gas

The NEWARK, EAST (BARNETT SHALE) 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 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”

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.

Stream	Basis	Volume	Value
Condensate	Disposition	895 bbl	$74,681
Gas	Production	178,122 Mcf	$1,107,352
Total			$1,182,033

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 33.0769, -97.9379. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.07691, -97.93793 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

Median depth

6,005 ft

1 wells filed one

Completion to plug

16.1 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

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 6,005 ft.

Completions filed

Feb 2005

1 of 1 wells

Plug dates filed

Mar 2021

1 of 1 wells

Last completion to plug: a median of 16.1 years across the 1 well that filed both dates, with the middle half between 16.1 years and 16.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-23738817	5	6,005 ft	Feb 2005	Mar 2021	Yes

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 (196)

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

196 months


Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	0	38.77	2.71	$0
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	232	34.90	1.69	$392
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	246	14.75	1.80	$444
Mar 2020	0	304	30.34	1.86	$564
Feb 2020	0	560	49.88	1.98	$1,109
Jan 2020	0	647	57.25	2.09	$1,355
Dec 2019	0	383	59.01	2.30	$883
Nov 2019	0	529	55.30	2.75	$1,455
Oct 2019	0	618	53.47	2.42	$1,495
Sep 2019	0	544	55.05	2.66	$1,446
Aug 2019	0	664	53.11	2.30	$1,530
Jul 2019	0	487	56.27	2.46	$1,198
Jun 2019	0	618	52.78	2.49	$1,540
May 2019	0	614	58.48	2.74	$1,683
Apr 2019	0	545	62.63	2.75	$1,499
Mar 2019	0	530	56.80	3.06	$1,623
Feb 2019	0	560	50.85	2.79	$1,564
Jan 2019	0	632	46.03	3.23	$2,040
Dec 2018	0	679	46.59	4.19	$2,842
Nov 2018	0	464	52.93	4.24	$1,966
Oct 2018	0	618	61.44	3.40	$2,100
Sep 2018	0	558	59.54	3.11	$1,734
Aug 2018	0	572	59.40	3.07	$1,754
Jul 2018	0	497	65.14	2.93	$1,457
Jun 2018	0	618	60.18	3.08	$1,902
May 2018	0	829	65.38	2.90	$2,405
Apr 2018	0	649	63.84	2.90	$1,883
Mar 2018	0	777	61.22	2.79	$2,165
Feb 2018	0	731	61.78	2.77	$2,022
Jan 2018	0	880	62.87	4.01	$3,528
Dec 2017	0	680	57.27	2.92	$1,987
Nov 2017	0	770	55.42	3.12	$2,401
Oct 2017	0	800	49.29	2.98	$2,387
Sep 2017	0	822	47.52	3.09	$2,538
Aug 2017	0	829	45.37	3.00	$2,491
Jul 2017	0	913	43.87	3.09	$2,819
Jun 2017	0	474	42.49	3.09	$1,463
May 2017	0	1,385	45.37	3.26	$4,520
Apr 2017	0	1,136	47.93	3.21	$3,648
Mar 2017	0	11	46.77	2.98	$33
Feb 2017	0	34	50.45	2.95	$100
Jan 2017	0	23	49.41	3.42	$79
Dec 2016	0	39	48.76	3.72	$145
Nov 2016	0	90	42.49	2.64	$238
Oct 2016	0	96	46.19	3.09	$297
Sep 2016	0	94	41.55	3.10	$291
Aug 2016	0	95	41.44	2.92	$278
Jul 2016	0	97	41.62	2.92	$284
Jun 2016	0	95	45.35	2.69	$255
May 2016	0	97	42.52	1.99	$193
Apr 2016	0	92	36.56	1.99	$183
Mar 2016	0	97	33.01	1.79	$174
Feb 2016	0	93	26.47	2.06	$192
Jan 2016	0	99	27.35	2.36	$234
Dec 2015	0	107	32.36	2.00	$214
Nov 2015	0	106	38.79	2.17	$230
Oct 2015	0	104	43.55	2.43	$252
Sep 2015	0	95	42.99	2.76	$262
Aug 2015	0	99	40.16	2.87	$284
Jul 2015	0	105	48.15	2.95	$309
Jun 2015	0	105	56.15	2.88	$303
May 2015	0	109	55.21	2.96	$322
Apr 2015	0	105	49.82	2.71	$284
Mar 2015	0	110	42.89	2.93	$323
Feb 2015	0	112	44.66	2.98	$333
Jan 2015	0	142	43.43	3.10	$440
Dec 2014	0	111	54.69	3.59	$399
Nov 2014	0	108	70.46	4.25	$459
Oct 2014	0	108	78.30	3.90	$421
Sep 2014	0	98	86.16	4.05	$396
Aug 2014	0	74	89.39	4.04	$299
Jul 2014	0	89	96.56	4.18	$372
Jun 2014	0	77	98.16	4.74	$365
May 2014	0	66	94.73	4.73	$312
Apr 2014	0	25	95.94	4.81	$120
Mar 2014	0	65	95.89	5.06	$329
Feb 2014	0	22	97.40	6.19	$136
Jan 2014	0	103	90.40	4.86	$501
Dec 2013	0	90	91.82	4.35	$392
Nov 2013	0	55	88.85	3.74	$206
Oct 2013	0	8	97.42	3.78	$30
Sep 2013	0	42	104.11	3.72	$156
Aug 2013	0	337	104.25	3.52	$1,187
Jul 2013	0	490	102.52	3.72	$1,822
Jun 2013	0	551	94.40	3.93	$2,167
May 2013	0	215	94.83	4.15	$892
Apr 2013	0	28	93.96	4.28	$120
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	320	91.23	3.42	$1,094
Jan 2013	0	88	91.60	3.42	$301
Dec 2012	0	56	86.77	3.42	$192
Nov 2012	0	325	86.95	3.62	$1,178
Oct 2012	0	375	89.38	3.40	$1,275
Sep 2012	0	197	94.67	2.92	$575
Aug 2012	178	334	92.66	2.91	$17,465
Jul 2012	0	388	85.13	3.02	$1,172
Jun 2012	0	389	79.82	2.52	$980
May 2012	0	371	91.61	2.49	$923
Apr 2012	0	430	101.65	2.00	$859
Mar 2012	0	470	105.05	2.22	$1,044
Feb 2012	0	350	101.10	2.57	$900
Jan 2012	0	391	98.09	2.73	$1,069
Dec 2011	0	409	96.87	3.24	$1,325
Nov 2011	0	403	95.72	3.31	$1,334
Oct 2011	0	482	84.98	3.65	$1,759
Sep 2011	0	505	83.62	3.99	$2,013
Aug 2011	0	452	83.40	4.15	$1,875
Jul 2011	0	485	94.14	4.52	$2,191
Jun 2011	0	307	92.90	4.64	$1,424
May 2011	0	619	98.13	4.40	$2,727
Apr 2011	0	561	105.96	4.33	$2,431
Mar 2011	0	635	96.36	4.06	$2,576
Feb 2011	0	570	85.64	4.18	$2,383
Jan 2011	0	861	86.50	4.59	$3,951
Dec 2010	0	1,037	85.73	4.35	$4,509
Nov 2010	0	971	80.84	3.80	$3,685
Oct 2010	0	89	78.10	3.51	$312
Sep 2010	1	894	72.63	3.98	$3,630
Aug 2010	0	1,488	73.68	4.42	$6,576
Jul 2010	0	791	72.55	4.74	$3,747
Jun 2010	0	282	70.36	4.91	$1,385
May 2010	0	1,199	71.12	4.24	$5,078
Apr 2010	0	1,223	81.69	4.12	$5,042
Mar 2010	0	1,348	78.39	4.39	$5,916
Feb 2010	0	1,243	73.58	5.44	$6,765
Jan 2010	0	1,406	74.36	5.96	$8,386
Dec 2009	0	1,453	71.44	5.48	$7,968
Nov 2009	0	1,490	74.59	3.75	$5,590
Oct 2009	0	1,658	72.54	4.11	$6,815
Sep 2009	0	1,043	65.54	3.06	$3,197
Aug 2009	0	1,193	67.42	3.22	$3,840
Jul 2009	0	1,352	61.13	3.46	$4,684
Jun 2009	0	1,433	66.16	3.90	$5,582
May 2009	0	1,702	54.74	3.93	$6,682
Apr 2009	0	1,633	46.77	3.59	$5,858
Mar 2009	0	1,712	42.14	4.06	$6,949
Feb 2009	0	1,586	32.81	4.63	$7,348
Jan 2009	0	1,813	35.86	5.37	$9,738
Dec 2008	0	1,866	37.10	5.98	$11,153
Nov 2008	0	1,777	55.49	6.86	$12,191
Oct 2008	0	1,802	75.24	6.92	$12,473
Sep 2008	0	1,811	101.76	7.88	$14,265
Aug 2008	0	2,088	114.22	8.48	$17,713
Jul 2008	0	2,146	131.08	11.39	$24,442
Jun 2008	0	2,195	131.33	13.03	$28,607
May 2008	0	2,304	123.17	11.57	$26,667
Apr 2008	179	2,263	110.31	10.45	$43,405
Mar 2008	0	2,453	101.90	9.66	$23,706
Feb 2008	0	2,502	92.53	8.77	$21,944
Jan 2008	181	2,779	90.38	8.21	$39,163
Dec 2007	0	2,910	88.33	7.30	$21,249
Nov 2007	0	2,994	91.67	7.29	$21,831
Oct 2007	0	3,312	82.85	6.92	$22,926
Sep 2007	0	3,436	75.84	6.24	$21,455
Aug 2007	0	3,790	69.06	6.39	$24,210
Jul 2007	0	4,085	70.90	6.39	$26,095
Jun 2007	1	4,172	62.00	7.55	$31,554
May 2007	0	4,621	58.74	7.85	$36,258
Apr 2007	1	4,631	59.61	7.81	$36,205
Mar 2007	0	5,302	56.92	7.30	$38,715
Feb 2007	177	5,600	55.10	8.22	$55,762
Jan 2007	0	3,422	50.30	6.73	$23,019
Dec 2006	0	1,214	56.65	6.92	$8,399
Nov 2006	0	1,175	54.20	7.62	$8,951
Oct 2006	0	1,364	54.90	6.01	$8,203
Sep 2006	2	1,437	60.08	5.04	$7,359
Aug 2006	174	1,546	68.71	7.34	$23,303
Jul 2006	0	1,507	69.37	6.34	$9,559
Jun 2006	0	1,268	66.28	6.38	$8,095
May 2006	0	1,387	66.01	6.42	$8,911
Apr 2006	0	690	64.39	7.36	$5,079
Mar 2006	0	1,098	56.70	7.08	$7,777
Feb 2006	0	1,724	57.59	7.75	$13,363
Jan 2006	1	2,075	60.59	8.93	$18,597
Dec 2005	0	13	54.94	13.42	$174
Nov 2005	0	13	54.69	10.59	$138
Oct 2005	0	507	58.34	13.80	$6,994
Sep 2005	0	2,478	61.45	12.08	$29,932
Aug 2005	0	2,469	61.51	9.80	$24,188
Jul 2005	0	2,646	55.69	7.84	$20,754
Jun 2005	0	2,371	52.33	7.38	$17,500
May 2005	0	1,345	45.22	6.65	$8,946
Apr 2005	0	2,274	49.20	7.36	$16,738
Mar 2005	0	2,841	50.37	7.15	$20,327
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$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.

Jun 2020 — as filed, then multipliedworked

Condensate             0 bbl  × $ 34.90 =         $0
Gas                  232 Mcf  × $  1.69 =       $392

────────────────────────────────────────────────────
Month total                                     $392

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/207304 is the state's own key, not one this site invented.