ELDORADO

Operated by VERDAD OIL & GAS CORPORATION (P-5 884572) in the VELREX (CANYON SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 56989District 7CField 93410142NGPA filingCondensateGasSaveExport
Value, all time
$898 k
Jan 1993 – Feb 2025
Value, last 12 filed months
$13 k
at the published price for each month
Months reported
386
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 18 leases and 18 wells, and the rule below applies to all of them.

Discovered
1961-07-11
as the register files it
Field class
Gas
the register's own label
Between wells
1,980 ft
minimum
From a lease line
990 ft
minimum

A drilling unit in this field needs at least 320 acres. The field rule took effect on 1974-06-03.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA 100% ACRES

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
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
CondensateDisposition54 bbl$1,538
GasProduction262,078 Mcf$896,236
Total$897,774

51,011 Mcf of this lease's gas, across 48 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 31.0421, -100.6767. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.04212, -100.67667 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
6,609 ft
1 wells filed one
Completion to plug
51.3 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 6,609 ft.

Completions filed
Nov 1973
1 of 1 wells
Plug dates filed
Feb 2025
1 of 1 wells

Last completion to plug: a median of 51.3 years across the 1 well that filed both dates, with the middle half between 51.3 years and 51.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4133020116,609 ftNov 1973Feb 2025Yes

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 (386)

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

386 months

Feb 202513070.884.34$921
Jan 202502774.324.28$116
Dec 2024049168.993.12$1,533
Nov 2024047169.052.20$1,035
Oct 2024050271.372.28$1,145
Sep 2024054269.612.36$1,281
Aug 2024052475.632.06$1,081
Jul 2024052679.932.15$1,129
Jun 2024052478.082.63$1,380
May 2024054878.812.20$1,205
Apr 2024049484.451.66$820
Mar 2024083780.301.55$1,293
Feb 2024049776.091.78$886
Jan 2024061073.023.30$2,012
Dec 2023052971.262.61$1,381
Nov 2023053077.892.81$1,488
Oct 2023051285.443.09$1,581
Sep 2023078789.042.74$2,152
Aug 20230080.522.67$0
Jul 2023042874.852.64$1,131
Jun 2023046868.962.26$1,057
May 2023048070.622.23$1,069
Apr 2023044278.122.24$989
Mar 2023046972.852.39$1,122
Feb 2023043975.112.47$1,082
Jan 2023046676.533.39$1,579
Dec 2022043176.415.73$2,469
Nov 2022039485.005.65$2,225
Oct 2022043787.185.86$2,562
Sep 2022043584.888.16$3,551
Aug 2022049994.529.13$4,554
Jul 20220484101.587.54$3,650
Jun 20220408115.097.98$3,255
May 20220461109.378.43$3,888
Apr 20220466104.226.84$3,186
Mar 20220504108.885.08$2,559
Feb 2022037291.054.86$1,807
Jan 2022036181.844.54$1,638
Dec 2021037871.323.90$1,474
Nov 2021032677.435.24$1,707
Oct 2021027779.795.71$1,583
Sep 2021027769.865.35$1,482
Aug 2021033766.024.22$1,422
Jul 2021035370.783.98$1,406
Jun 2021037969.493.38$1,281
May 2021041263.483.02$1,243
Apr 2021034660.362.76$954
Mar 2021028961.302.72$785
Feb 2021020657.805.55$1,143
Jan 2021034750.412.81$975
Dec 2020081244.642.68$2,172
Nov 202001,11538.772.71$3,018
Oct 202001,03836.972.48$2,573
Sep 2020097337.091.99$1,937
Aug 202001,09339.982.39$2,607
Jul 202001,31038.371.83$2,391
Jun 2020096734.901.69$1,635
May 2020039616.921.81$719
Apr 2020040614.751.80$733
Mar 2020039030.341.86$724
Feb 2020032949.881.98$652
Jan 2020038757.252.09$811
Dec 2019035659.012.30$820
Nov 2019041155.302.75$1,131
Oct 2019052853.472.42$1,277
Sep 2019043555.052.66$1,156
Aug 2019048053.112.30$1,106
Jul 2019047756.272.46$1,173
Jun 2019043552.782.49$1,084
May 2019043558.482.74$1,192
Apr 2019050862.632.75$1,397
Mar 2019037356.803.06$1,142
Feb 2019039250.852.79$1,095
Jan 2019036046.033.23$1,162
Dec 2018040146.594.19$1,678
Nov 2018038652.934.24$1,636
Oct 2018037761.443.40$1,281
Sep 2018029659.543.11$920
Aug 2018042459.403.07$1,300
Jul 2018041465.142.93$1,214
Jun 2018044160.183.08$1,357
May 2018046465.382.90$1,346
Apr 2018041763.842.90$1,210
Mar 2018040061.222.79$1,115
Feb 2018030061.782.77$830
Jan 2018038462.874.01$1,540
Dec 2017036057.272.92$1,052
Nov 2017037455.423.12$1,166
Oct 2017036949.292.98$1,101
Sep 2017035747.523.09$1,102
Aug 2017040245.373.00$1,208
Jul 2017041243.873.09$1,272
Jun 2017041042.493.09$1,266
May 2017039445.373.26$1,286
Apr 2017036947.933.21$1,185
Mar 2017042946.772.98$1,280
Feb 2017038450.452.95$1,134
Jan 2017039349.413.42$1,344
Dec 2016039048.763.72$1,452
Nov 2016041642.492.64$1,100
Oct 2016046546.193.09$1,437
Sep 2016045941.553.10$1,423
Aug 2016043941.442.92$1,284
Jul 2016042841.622.92$1,252
Jun 2016041045.352.69$1,101
May 2016039542.521.99$786
Apr 2016040236.561.99$800
Mar 2016042233.011.79$757
Feb 2016044526.472.06$918
Jan 2016041127.352.36$972
Dec 2015042832.362.00$857
Nov 2015047038.792.17$1,019
Oct 2015043043.552.43$1,043
Sep 2015049342.992.76$1,360
Aug 2015046240.162.87$1,327
Jul 2015052248.152.95$1,537
Jun 2015051256.152.88$1,476
May 2015052855.212.96$1,560
Apr 2015064549.822.71$1,746
Mar 2015056842.892.93$1,667
Feb 2015052544.662.98$1,563
Jan 2015063143.433.10$1,957
Dec 2014058554.693.59$2,101
Nov 2014053170.464.25$2,258
Oct 2014057078.303.90$2,224
Sep 2014051486.164.05$2,079
Aug 2014052889.394.04$2,131
Jul 2014055296.564.18$2,307
Jun 2014060498.164.74$2,861
May 2014055494.734.73$2,619
Apr 2014055395.944.81$2,659
Mar 2014047695.895.06$2,407
Feb 2014047697.406.19$2,947
Jan 2014055890.404.86$2,712
Dec 2013058191.824.35$2,530
Nov 2013056388.853.74$2,105
Oct 2013057897.423.78$2,184
Sep 20130423104.113.72$1,573
Aug 20130551104.253.52$1,941
Jul 20130534102.523.72$1,985
Jun 2013059494.403.93$2,336
May 2013048794.834.15$2,021
Apr 2013049493.964.28$2,116
Mar 2013051793.623.91$2,023
Feb 2013051191.233.42$1,748
Jan 2013061191.603.42$2,090
Dec 2012064586.773.42$2,206
Nov 2012058586.953.62$2,121
Oct 2012056689.383.40$1,924
Sep 2012059794.672.92$1,742
Aug 2012062892.662.91$1,826
Jul 2012063785.133.02$1,924
Jun 2012057279.822.52$1,441
May 2012060791.612.49$1,510
Apr 20120635101.652.00$1,268
Mar 20120558105.052.22$1,240
Feb 20120675101.102.57$1,735
Jan 2012057798.092.73$1,578
Dec 2011058896.873.24$1,905
Nov 2011056595.723.31$1,871
Oct 2011061484.983.65$2,240
Sep 2011057683.623.99$2,296
Aug 2011059583.404.15$2,469
Jul 2011060794.144.52$2,742
Jun 2011062792.904.64$2,909
May 2011068698.134.40$3,022
Apr 20110579105.964.33$2,509
Mar 2011071296.364.06$2,889
Feb 2011049685.644.18$2,073
Jan 2011063086.504.59$2,891
Dec 2010061485.734.35$2,670
Nov 2010064480.843.80$2,444
Oct 2010060278.103.51$2,112
Sep 2010059072.633.98$2,348
Aug 2010060173.684.42$2,656
Jul 2010060572.554.74$2,866
Jun 2010057570.364.91$2,823
May 2010062771.124.24$2,655
Apr 2010057581.694.12$2,371
Mar 2010067578.394.39$2,962
Feb 2010051473.585.44$2,797
Jan 2010060674.365.96$3,614
Dec 2009060871.445.48$3,334
Nov 2009069174.593.75$2,592
Oct 2009057772.544.11$2,372
Sep 2009055165.543.06$1,689
Aug 2009068267.423.22$2,195
Jul 2009062361.133.46$2,158
Jun 2009060366.163.90$2,349
May 2009062554.743.93$2,454
Apr 2009072946.773.59$2,615
Mar 2009060642.144.06$2,460
Feb 2009057832.814.63$2,678
Jan 2009069535.865.37$3,733
Dec 2008067037.105.98$4,005
Nov 2008065555.496.86$4,494
Oct 2008066475.246.92$4,596
Sep 20080688101.767.88$5,419
Aug 20080623114.228.48$5,285
Jul 20080702131.0811.39$7,995
Jun 20080734131.3313.03$9,566
May 20080553123.1711.57$6,401
Apr 20080630110.3110.45$6,587
Mar 20080806101.909.66$7,789
Feb 2008057992.538.77$5,078
Jan 2008062390.388.21$5,112
Dec 2007070088.337.30$5,111
Nov 2007057591.677.29$4,193
Oct 2007067982.856.92$4,700
Sep 2007064175.846.24$4,003
Aug 2007064769.066.39$4,133
Jul 2007065270.906.39$4,165
Jun 2007067162.007.55$5,065
May 2007067458.747.85$5,288
Apr 2007067259.617.81$5,245
Mar 2007065656.927.30$4,790
Feb 2007060155.108.22$4,938
Jan 2007071250.306.73$4,790
Dec 2006066056.656.92$4,566
Nov 2006065154.207.62$4,959
Oct 2006065454.906.01$3,933
Sep 2006066160.085.04$3,330
Aug 2006068268.717.34$5,006
Jul 2006073869.376.34$4,681
Jun 2006070066.286.38$4,469
May 2006064866.016.42$4,163
Apr 2006067064.397.36$4,932
Mar 2006070256.707.08$4,972
Feb 2006066557.597.75$5,154
Jan 2006066460.598.93$5,932
Dec 2005071754.9413.42$9,619
Nov 2005068254.6910.59$7,221
Oct 2005071358.3413.80$9,836
Sep 2005069161.4512.08$8,347
Aug 2005070361.519.80$6,887
Jul 2005069455.697.84$5,443
Jun 2005067552.337.38$4,982
May 2005074945.226.65$4,982
Apr 2005072549.207.36$5,336
Mar 2005078650.377.15$5,624
Feb 2005067845.226.31$4,279
Jan 2005082243.166.32$5,197
Dec 2004077339.866.75$5,219
Nov 2004069145.286.33$4,374
Oct 2004070949.706.52$4,619
Sep 2004070243.245.28$3,709
Aug 2004070242.375.55$3,897
Jul 2004071838.286.08$4,368
Jun 2004066336.106.43$4,265
May 2004074437.486.49$4,832
Apr 2004068034.475.86$3,984
Mar 2004063334.365.53$3,501
Feb 2004063232.455.51$3,482
Jan 2004069232.036.30$4,359
Dec 2003072930.266.30$4,594
Nov 2003069828.804.60$3,207
Oct 2003068928.174.76$3,279
Sep 2003064526.314.75$3,063
Aug 2003068329.765.13$3,504
Jul 2003077829.415.17$4,023
Jun 2003075828.565.98$4,535
May 2003072726.595.97$4,342
Apr 2003071026.675.41$3,839
Mar 2003075731.146.10$4,615
Feb 2003068933.487.93$5,461
Jan 2003072830.315.58$4,064
Dec 2002073726.914.85$3,577
Nov 2002071024.664.14$2,937
Oct 2002076126.464.23$3,218
Sep 2002070827.443.64$2,574
Aug 2002073125.963.16$2,313
Jul 2002072624.583.06$2,223
Jun 2002071623.733.34$2,390
May 2002074824.663.58$2,681
Apr 2002074223.653.51$2,606
Mar 2002083522.003.10$2,591
Feb 2002067918.222.38$1,613
Jan 2002078217.172.38$1,858
Dec 2001078416.932.36$1,854
Nov 2001075818.072.41$1,823
Oct 2001079819.782.53$2,018
Sep 2001078424.262.25$1,765
Aug 2001079524.873.05$2,427
Jul 2001078223.933.20$2,500
Jun 2001075224.563.82$2,876
May 2001080525.524.31$3,467
Apr 2001078324.685.34$4,178
Mar 2001075324.545.38$4,048
Feb 2001074627.755.77$4,302
Jan 2001076727.478.40$6,442
Dec 2000080426.889.12$7,334
Nov 2000075132.215.66$4,249
Oct 2000076731.235.15$3,947
Sep 2000083431.875.19$4,326
Aug 2000089629.644.54$4,069
Jul 2000078628.534.09$3,215
Jun 2000070429.304.40$3,096
May 2000066927.263.68$2,462
Apr 2000067124.513.12$2,091
Mar 2000090228.422.86$2,579
Feb 2000085227.622.73$2,323
Jan 2000094725.272.48$2,349
Dec 1999091724.282.42$2,223
Nov 1999094523.192.43$2,300
Oct 1999099520.982.80$2,790
Sep 1999092621.752.62$2,425
Aug 1999071219.262.88$2,047
Jul 1999092917.892.37$2,204
Jun 1999094715.942.36$2,237
May 199901,06115.792.32$2,463
Apr 1999095215.102.21$2,102
Mar 199901,06512.471.84$1,958
Feb 199908659.981.82$1,572
Jan 199901,00510.381.90$1,909
Dec 199801,0049.201.77$1,780
Nov 1998089810.892.19$1,963
Oct 1998096312.421.97$1,896
Sep 1998088212.592.08$1,837
Aug 1998098411.301.91$1,877
Jul 199801,02911.742.24$2,302
Jun 1998096011.242.24$2,148
May 199801,01112.622.21$2,231
Apr 199801,00913.042.51$2,528
Mar 1998098912.802.31$2,284
Feb 1998093813.952.30$2,157
Jan 199801,01314.702.15$2,183
Dec 1997087316.322.41$2,105
Nov 1997099718.193.09$3,079
Oct 199701,09919.253.15$3,462
Sep 1997098117.742.95$2,899
Aug 1997099417.862.55$2,539
Jul 199701,03617.582.25$2,328
Jun 1997097717.242.26$2,205
May 199701,04218.972.31$2,405
Apr 199701,02317.882.08$2,131
Mar 199701,04918.951.94$2,034
Feb 1997098020.492.21$2,162
Jan 199701,10623.483.54$3,915
Dec 199601,02223.32$0
Nov 199601,04921.97$0
Oct 199601,06823.31$0
Sep 199601,02122.22$0
Aug 199601,02220.26$0
Jul 199601,05319.55$0
Jun 199601,02318.73$0
May 199601,03719.43$0
Apr 199601,00721.51$0
Mar 199601,03419.38$0
Feb 1996098516.98$0
Jan 199601,01617.07$0
Dec 199501,01917.19$0
Nov 199501,01216.00$0
Oct 199501,08715.43$0
Sep 199501,00516.18$0
Aug 199501,00715.92$0
Jul 199501,01415.24$0
Jun 199501,00616.41$0
May 199501,07717.56$0
Apr 199501,01617.73$0
Mar 199501,07116.44$0
Feb 199501,01216.58$0
Jan 199501,12915.92$0
Dec 199401,12815.03$0
Nov 199401,07915.90$0
Oct 199401,11915.58$0
Sep 199401,09715.29$0
Aug 199401,10316.13$0
Jul 199401,10817.56$0
Jun 199401,07617.09$0
May 199401,12415.88$0
Apr 199401,09614.14$0
Mar 199401,15512.46$0
Feb 199401,05212.50$0
Jan 199401,16412.66$0
Dec 199301,15312.33$0
Nov 199301,07014.49$0
Oct 199301,06515.85$0
Sep 19934198415.03$616
Aug 1993099215.66$0
Jul 199301,02615.46$0
Jun 199301,08416.79$0
May 199301,05217.68$0
Apr 199301,15318.05$0
Mar 199301,13818.14$0
Feb 199301,02817.90$0
Jan 199301,17316.93$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.

Feb 2025 — as filed, then multipliedworked
Condensate            13 bbl  × $ 70.88 =       $921
Gas                    0 Mcf  × $  4.34 =         $0

────────────────────────────────────────────────────
Month total                                     $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. 7C/G/56989 is the state's own key, not one this site invented.