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VALLEY WELLS STATE UT 23

Operated by INEOS USA OIL & GAS LLC (P-5 424176) in the BRISCOE RANCH (EAGLEFORD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 300425District 01Field 12018200Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$32.9 M
Jul 2018 – May 2026
Value, last 12 filed months
$2.1 M
at the published price for each month
Months reported
95
no gaps in the span
Streams
2
condensate, gas

The BRISCOE RANCH (EAGLEFORD) 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 5,584 leases and 8,017 wells, and the rule below applies to all of them.

Discovered
2007-11-05
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 40 acres. The field rule took effect on 2013-04-09.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “MAY ELECT TO CLASSIFY AS PERMANENT GAS WELL”

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——
ST-1112025-12-12236819

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
CondensateDisposition460,946 bbl$28,084,834
GasProduction1,463,012 Mcf$4,805,431
Total$32,890,265

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 28.4550, -99.4633. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.45498, -99.46334 · 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
7,935 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 7,935 ft.

Completions filed
Jul 2018
1 of 1 wells

1 well

42-12737849D 1H7,935 ftJul 2018——

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 (95)

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

95 months

May 20261,9778,100106.413.05$235,044
Apr 20261,8597,31398.932.87$204,897
Mar 20261,9588,12489.753.15$201,317
Feb 20261,8277,72563.503.75$144,986
Jan 20262,0888,70159.138.00$193,053
Dec 20252,1768,33656.664.41$160,082
Nov 20251,6736,83558.593.93$124,858
Oct 20252,1798,96459.383.30$159,014
Sep 20251,9288,26662.743.08$146,397
Aug 20252,1608,83863.933.01$164,733
Jul 20252,0708,40866.743.32$166,026
Jun 20252,1728,59666.483.13$171,289
May 20252,2378,96460.553.23$164,425
Apr 20252,2828,20762.363.54$171,384
Mar 20252,0257,54467.704.27$169,293
Feb 20251,9627,12670.884.34$169,999
Jan 20252,2258,43974.324.28$201,470
Dec 20242,4528,10368.993.12$194,456
Nov 20242,1416,69769.052.20$162,559
Oct 20242,2097,47071.372.28$174,698
Sep 20242,2507,79569.612.36$175,053
Aug 20242,3088,61775.632.06$192,336
Jul 20242,3478,72079.932.15$206,314
Jun 20242,4649,00678.082.63$216,111
May 20242,5569,42078.812.20$222,148
Apr 20242,4408,77184.451.66$220,611
Mar 20242,6279,23080.301.55$225,210
Feb 20242,5369,10476.091.78$209,203
Jan 20242,9159,87873.023.30$245,428
Dec 20232,3887,60471.262.61$190,021
Nov 20232,4938,57177.892.81$218,243
Oct 20233,03410,24185.443.09$290,842
Sep 20233,02610,92889.042.74$299,324
Aug 20233,14011,30180.522.67$283,039
Jul 20233,39911,22674.852.64$284,072
Jun 20232,3425,03868.962.26$172,883
May 20231,0481,80370.622.23$78,026
Apr 20231,3953,76578.122.24$117,403
Mar 20231,8514,97372.852.39$146,747
Feb 20231,9645,89675.112.47$162,054
Jan 20232,5829,55976.533.39$229,984
Dec 20222,80110,11476.415.73$271,968
Nov 20222,81010,64185.005.65$298,931
Oct 20223,32710,81787.185.86$353,476
Sep 20222,1475,82884.888.16$229,815
Aug 20222,5409,06594.529.13$322,819
Jul 20223,08511,783101.587.54$402,243
Jun 20223,2246,582115.097.98$423,556
May 20223,61112,914109.378.43$503,839
Apr 20224,33814,532104.226.84$551,470
Mar 20221,7843,459108.885.08$211,801
Feb 20222,3265,93891.054.86$240,634
Jan 20222,1865,49181.844.54$203,819
Dec 20212,9768,75171.323.90$246,370
Nov 20212,83711,27477.435.24$278,709
Oct 20212,71011,89879.795.71$284,215
Sep 20212,82313,36569.865.35$268,730
Aug 20213,38215,05566.024.22$286,821
Jul 20214,00513,69970.783.98$338,024
Jun 20212,7106,89469.493.38$211,624
May 20212,9546,73963.483.02$207,856
Apr 20213,0068,34460.362.76$204,458
Mar 20213,2389,73161.302.72$224,928
Feb 20212,69512,67557.805.55$226,091
Jan 20213,69613,20450.412.81$223,422
Dec 20204,33215,89044.642.68$235,894
Nov 20204,56216,78338.772.71$222,293
Oct 20203,57117,24736.972.48$174,765
Sep 20204,10818,14737.091.99$188,497
Aug 20204,54122,03039.982.39$234,093
Jul 20204,71419,66638.371.83$216,769
Jun 20205,03420,57334.901.69$210,461
May 20205,54323,28116.921.81$136,037
Apr 20204,95820,64314.751.80$110,378
Mar 20205,63724,75230.341.86$216,972
Feb 20204,11818,09649.881.98$241,248
Jan 20206,16422,60557.252.09$400,241
Dec 20196,87423,43659.012.30$459,640
Nov 20196,82226,56055.302.75$450,315
Oct 20196,82526,90653.472.42$430,006
Sep 20197,85026,71055.052.66$503,118
Aug 20198,57431,22753.112.30$527,323
Jul 20199,11334,15856.272.46$596,819
Jun 20198,70331,11752.782.49$536,863
May 201910,58939,11558.482.74$726,432
Apr 20199,93837,99362.632.75$726,924
Mar 201912,85544,93356.803.06$867,753
Feb 20198,01844,31350.852.79$531,447
Jan 201916,05653,92746.033.23$913,144
Dec 201819,14759,57346.594.19$1,141,398
Nov 201820,81363,45852.934.24$1,370,519
Oct 201823,51150,15361.443.40$1,614,940
Sep 201827,33932,67759.543.11$1,729,324
Aug 201830,60224,38359.403.07$1,892,531
Jul 20186,1191,66565.142.93$403,473

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         1,977 bbl  × $106.41 =   $210,373
Gas                8,100 Mcf  × $  3.05 =    $24,671

────────────────────────────────────────────────────
Month total                                 $235,044

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. 01/G/300425 is the state's own key, not one this site invented.