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 231189District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.7 M
Jun 2007 – May 2026
Value, last 12 filed months
$210 k
at the published price for each month
Months reported
228
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 Gas112008-12-12187692
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
CondensateDisposition10 bbl$1,006
GasProduction2,374,435 Mcf$10,717,136
Total$10,718,142

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 33.1602, -97.3950. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.16016, -97.39502 · 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
7,856 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 7,856 ft.

Completions filed
Jun 2007
1 of 1 wells

1 well

42-12132999127,856 ftJun 2007

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 (228)

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

228 months

May 202605,458106.413.05$16,624
Apr 202605,51898.932.87$15,835
Mar 202604,44389.753.15$13,993
Feb 202601,85363.503.75$6,949
Jan 202602,52859.138.00$20,219
Dec 202501,90556.664.41$8,407
Nov 202506,35358.593.93$24,945
Oct 202506,55059.383.30$21,647
Sep 202506,26862.743.08$19,286
Aug 202506,67663.933.01$20,127
Jul 202506,69266.743.32$22,185
Jun 202506,34366.483.13$19,845
May 202506,76360.553.23$21,860
Apr 202506,74162.363.54$23,884
Mar 202506,93867.704.27$29,614
Feb 202506,33870.884.34$27,512
Jan 202506,98674.324.28$29,891
Dec 202407,05368.993.12$22,015
Nov 202406,89569.052.20$15,158
Oct 202407,19871.372.28$16,422
Sep 202407,17569.612.36$16,964
Aug 202407,04175.632.06$14,530
Jul 202406,31279.932.15$13,549
Jun 202404,71178.082.63$12,409
May 202404,23578.812.20$9,310
Apr 202405,10084.451.66$8,462
Mar 202407,47780.301.55$11,553
Feb 202406,40676.091.78$11,426
Jan 202407,68673.023.30$25,346
Dec 202306,67771.262.61$17,432
Nov 202306,74177.892.81$18,926
Oct 202306,82685.443.09$21,074
Sep 202304,74989.042.74$12,989
Aug 202305,51280.522.67$14,733
Jul 202305,80774.852.64$15,341
Jun 202305,67368.962.26$12,812
May 202305,94370.622.23$13,237
Apr 202306,00978.122.24$13,447
Mar 202307,15172.852.39$17,113
Feb 202306,49675.112.47$16,017
Jan 202306,69276.533.39$22,671
Dec 202205,61676.415.73$32,175
Nov 202205,93385.005.65$33,499
Oct 202205,47187.185.86$32,081
Sep 202205,30084.888.16$43,268
Aug 202205,88294.529.13$53,686
Jul 202206,195101.587.54$46,723
Jun 202206,277115.097.98$50,073
May 202205,234109.378.43$44,139
Apr 202204,895104.226.84$33,470
Mar 202205,707108.885.08$28,971
Feb 202205,29891.054.86$25,742
Jan 202205,87881.844.54$26,672
Dec 202106,78071.323.90$26,436
Nov 202107,23877.435.24$37,904
Oct 202108,02679.795.71$45,860
Sep 202106,97469.865.35$37,317
Aug 202106,61766.024.22$27,928
Jul 202104,57770.783.98$18,226
Jun 202103,01769.493.38$10,199
May 202103,98463.483.02$12,022
Apr 202104,32760.362.76$11,936
Mar 202108,35561.302.72$22,700
Feb 202103,04157.805.55$16,871
Jan 202104,11450.412.81$11,561
Dec 202003,50544.642.68$9,377
Nov 202006,05338.772.71$16,383
Oct 202006,55436.972.48$16,244
Sep 202006,06237.091.99$12,070
Aug 202006,13139.982.39$14,623
Jul 202005,95238.371.83$10,863
Jun 202006,26434.901.69$10,588
May 202007,08016.921.81$12,848
Apr 202006,82914.751.80$12,322
Mar 202007,14530.341.86$13,263
Feb 202006,71749.881.98$13,304
Jan 202007,22757.252.09$15,139
Dec 201907,39959.012.30$17,050
Nov 201907,15555.302.75$19,681
Oct 201907,49953.472.42$18,137
Sep 201907,66255.052.66$20,360
Aug 201908,01553.112.30$18,469
Jul 201906,61856.272.46$16,281
Jun 201906,26952.782.49$15,617
May 201906,45258.482.74$17,681
Apr 201906,59462.632.75$18,138
Mar 201907,07456.803.06$21,661
Feb 201906,36150.852.79$17,761
Jan 201907,58746.033.23$24,492
Dec 201807,83346.594.19$32,785
Nov 201807,72152.934.24$32,716
Oct 201807,71961.443.40$26,230
Sep 201806,58159.543.11$20,454
Aug 201806,71859.403.07$20,601
Jul 201808,52565.142.93$24,994
Jun 201807,80560.183.08$24,015
May 201808,11265.382.90$23,531
Apr 201807,59263.842.90$22,023
Mar 201807,18061.222.79$20,010
Feb 201806,65661.782.77$18,411
Jan 201807,84962.874.01$31,469
Dec 201708,01757.272.92$23,422
Nov 201707,74155.423.12$24,139
Oct 201708,02149.292.98$23,932
Sep 201707,74747.523.09$23,917
Aug 201707,96045.373.00$23,915
Jul 201707,93943.873.09$24,510
Jun 201707,80642.493.09$24,099
May 201708,11845.373.26$26,492
Apr 201707,96047.933.21$25,564
Mar 201708,19346.772.98$24,445
Feb 201707,40350.452.95$21,858
Jan 201708,24649.413.42$28,191
Dec 201608,27848.763.72$30,818
Nov 201608,09242.492.64$21,398
Oct 201608,38846.193.09$25,921
Sep 201608,14241.553.10$25,245
Aug 201608,49441.442.92$24,839
Jul 201608,68241.622.92$25,389
Jun 201608,38945.352.69$22,531
May 201608,89942.521.99$17,718
Apr 201608,46436.561.99$16,852
Mar 201608,83133.011.79$15,843
Feb 201608,35226.472.06$17,235
Jan 201608,76727.352.36$20,728
Dec 201508,63832.362.00$17,288
Nov 201508,50738.792.17$18,437
Oct 201508,92543.552.43$21,657
Sep 201508,66642.992.76$23,904
Aug 201508,94840.162.87$25,703
Jul 201509,12248.152.95$26,865
Jun 201508,79556.152.88$25,355
May 201509,12955.212.96$26,980
Apr 201509,02149.822.71$24,416
Mar 201509,36342.892.93$27,478
Feb 201507,84844.662.98$23,357
Jan 201509,37943.433.10$29,081
Dec 201409,53454.693.59$34,240
Nov 201409,19670.464.25$39,100
Oct 201409,73778.303.90$37,984
Sep 201409,54886.164.05$38,626
Aug 201409,68589.394.04$39,080
Jul 201409,71296.564.18$40,592
Jun 201409,66298.164.74$45,768
May 201409,95294.734.73$47,039
Apr 201409,78095.944.81$47,033
Mar 2014010,27295.895.06$51,943
Feb 201408,86397.406.19$54,880
Jan 2014010,03290.404.86$48,763
Dec 201309,73691.824.35$42,395
Nov 201309,91288.853.74$37,054
Oct 2013010,40797.423.78$39,332
Sep 2013010,095104.113.72$37,531
Aug 2013010,600104.253.52$37,340
Jul 2013010,534102.523.72$39,163
Jun 2013010,33894.403.93$40,664
May 2013010,63694.834.15$44,130
Apr 2013010,43393.964.28$44,680
Mar 2013010,69893.623.91$41,860
Feb 201309,65891.233.42$33,029
Jan 201307,62591.603.42$26,077
Dec 2012011,19586.773.42$38,289
Nov 2012010,95486.953.62$39,708
Oct 2012011,24589.383.40$38,229
Sep 2012010,75194.672.92$31,376
Aug 2012011,10592.662.91$32,295
Jul 2012011,56685.133.02$34,939
Jun 2012010,94079.822.52$27,558
May 2012112,02091.612.49$30,001
Apr 2012911,645101.652.00$24,168
Mar 2012011,781105.052.22$26,178
Feb 2012011,324101.102.57$29,105
Jan 2012012,07198.092.73$33,003
Dec 2011012,25496.873.24$39,700
Nov 2011011,98395.723.31$39,679
Oct 2011012,79084.983.65$46,665
Sep 2011013,30183.623.99$53,015
Aug 2011015,38683.404.15$63,841
Jul 2011014,75994.144.52$66,670
Jun 2011010,07092.904.64$46,724
May 2011015,06398.134.40$66,350
Apr 2011014,622105.964.33$63,361
Mar 2011015,92396.364.06$64,605
Feb 2011013,01885.644.18$54,415
Jan 2011014,89686.504.59$68,354
Dec 2010016,28285.734.35$70,790
Nov 2010016,22680.843.80$61,583
Oct 2010016,29578.103.51$57,177
Sep 2010015,96372.633.98$63,524
Aug 2010016,71973.684.42$73,887
Jul 2010016,84072.554.74$79,762
Jun 2010016,92670.364.91$83,113
May 2010017,84871.124.24$75,590
Apr 2010017,14581.694.12$70,684
Mar 2010017,93078.394.39$78,689
Feb 2010016,83173.585.44$91,600
Jan 2010018,00374.365.96$107,372
Dec 2009018,89971.445.48$103,637
Nov 2009018,16074.593.75$68,127
Oct 2009018,44972.544.11$75,830
Sep 2009017,48865.543.06$53,596
Aug 2009018,03067.423.22$58,030
Jul 2009013,06561.133.46$45,264
Jun 2009020,85266.163.90$81,219
May 2009021,66454.743.93$85,047
Apr 2009020,49846.773.59$73,537
Mar 2009021,56642.144.06$87,536
Feb 2009019,23132.814.63$89,097
Jan 2009022,01735.865.37$118,253
Dec 2008022,10137.105.98$132,101
Nov 2008021,18155.496.86$145,309
Oct 2008021,97375.246.92$152,097
Sep 2008021,328101.767.88$168,003
Aug 2008022,849114.228.48$193,829
Jul 2008023,385131.0811.39$266,342
Jun 2008022,712131.3313.03$295,997
May 2008024,287123.1711.57$281,105
Apr 2008023,588110.3110.45$246,609
Mar 2008025,077101.909.66$242,346
Feb 2008023,62592.538.77$207,205
Jan 2008025,32190.388.21$207,777
Dec 2007019,40488.337.30$141,687
Nov 2007023,81591.677.29$173,652
Oct 2007029,74782.856.92$205,908
Sep 2007029,85175.846.24$186,394
Aug 2007032,74269.066.39$209,154
Jul 2007034,38770.906.39$219,662
Jun 2007022,40962.007.55$169,153

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                5,458 Mcf  × $  3.05 =    $16,624

────────────────────────────────────────────────────
Month total                                  $16,624

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/231189 is the state's own key, not one this site invented.