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VALLEY WELLS STATE UT 24

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 301203District 01Field 12018200Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$31.2 M
Jul 2018 – May 2026
Value, last 12 filed months
$1.9 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-1112026-04-14238937

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
CondensateDisposition437,258 bbl$26,528,624
GasProduction1,402,754 Mcf$4,671,030
Total$31,199,655

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 28.4562, -99.4615. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.45620, -99.46153 · 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
7,910 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 7,910 ft.

Completions filed
Jul 2018
1 of 1 wells

1 well

42-12737851D 2H7,910 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 20261,8078,908106.413.05$219,415
Apr 20261,7077,45898.932.87$190,276
Mar 20261,7458,10589.753.15$182,140
Feb 20261,6367,46963.503.75$131,897
Jan 20261,9078,39359.138.00$179,887
Dec 20251,5347,33556.664.41$119,288
Nov 20251,4547,23558.593.93$113,598
Oct 20251,7929,16859.383.30$136,708
Sep 20251,6679,54162.743.08$133,944
Aug 20251,86010,24563.933.01$149,796
Jul 20251,8239,83966.743.32$154,285
Jun 20251,8639,46566.483.13$153,466
May 20252,0039,17960.553.23$150,951
Apr 20251,7076,77662.363.54$130,457
Mar 20251,6586,59367.704.27$140,388
Feb 20251,5615,90270.884.34$136,263
Jan 20251,9167,52374.324.28$174,586
Dec 20241,9507,98068.993.12$159,439
Nov 20242,0796,14569.052.20$157,064
Oct 20241,2133,04871.372.28$93,526
Sep 20241,0242,66269.612.36$77,575
Aug 20241,1002,91175.632.06$89,200
Jul 20241,2153,33179.932.15$104,265
Jun 20241,2593,70578.082.63$108,062
May 20241,2993,52778.812.20$110,128
Apr 20241,3114,29284.451.66$117,835
Mar 20241,6736,39880.301.55$144,228
Feb 20241,9497,99776.091.78$162,563
Jan 20242,2909,77573.023.30$199,450
Dec 20232,2279,62571.262.61$183,824
Nov 20232,0739,44077.892.81$187,969
Oct 20232,48310,85885.443.09$245,669
Sep 20232,56212,20089.042.74$261,488
Aug 20232,78712,27280.522.67$257,211
Jul 20232,6138,78974.852.64$218,802
Jun 20231,8256,79568.962.26$141,198
May 20231,3353,98070.622.23$103,143
Apr 20231,4294,12078.122.24$120,853
Mar 20231,9386,31072.852.39$156,284
Feb 20232,0367,41875.112.47$171,214
Jan 20232,73211,38276.533.39$247,639
Dec 20222,97711,45176.415.73$293,076
Nov 20223,11211,54885.005.65$329,722
Oct 20222,1025,38387.185.86$214,817
Sep 20222,0646,70084.888.16$229,889
Aug 20222,71410,70294.529.13$354,206
Jul 20223,03712,584101.587.54$403,408
Jun 20223,1376,811115.097.98$415,370
May 20223,55113,723109.378.43$504,099
Apr 20223,50311,885104.226.84$446,348
Mar 20222,5667,278108.885.08$316,332
Feb 20222,5707,57691.054.86$270,809
Jan 20222,3377,29681.844.54$224,367
Dec 20213,31310,93471.323.90$278,916
Nov 20213,51012,23877.435.24$335,868
Oct 20213,36112,45679.795.71$339,346
Sep 20213,69414,64869.865.35$336,443
Aug 20213,91916,13166.024.22$326,815
Jul 20213,89113,07970.783.98$327,487
Jun 20212,6818,94169.493.38$216,529
May 20213,30412,08163.483.02$246,194
Apr 20213,87014,85960.362.76$274,581
Mar 20214,12514,99361.302.72$293,598
Feb 20212,56616,60857.805.55$240,455
Jan 20214,56017,84850.412.81$280,027
Dec 20204,49815,87544.642.68$243,264
Nov 20204,83417,25738.772.71$234,121
Oct 20203,49613,81336.972.48$163,482
Sep 20204,58318,45937.091.99$206,736
Aug 20204,71117,33539.982.39$229,691
Jul 20204,88316,63238.371.83$217,716
Jun 20204,91918,27134.901.69$202,557
May 20205,05122,11116.921.81$125,589
Apr 20205,02323,89614.751.80$117,207
Mar 20205,70823,24230.341.86$216,323
Feb 20204,17716,84449.881.98$241,711
Jan 20205,88323,83757.252.09$386,734
Dec 20196,52321,70159.012.30$434,929
Nov 20195,77021,59255.302.75$378,474
Oct 20196,42729,57153.472.42$415,170
Sep 20198,00329,99855.052.66$520,278
Aug 20198,08132,81153.112.30$504,790
Jul 20198,52929,36656.272.46$552,169
Jun 20198,20026,60652.782.49$499,077
May 201910,46539,26158.482.74$719,581
Apr 201910,03834,18962.632.75$722,724
Mar 201912,42142,52956.803.06$835,741
Feb 20199,15239,05950.852.79$574,441
Jan 201911,67546,32946.033.23$686,959
Dec 201816,88851,84546.594.19$1,003,806
Nov 201819,63451,30552.934.24$1,256,619
Oct 201833,61451,22261.443.40$2,239,301
Sep 201824,98425,64759.543.11$1,567,258
Aug 201823,58518,91059.403.07$1,458,938
Jul 20184,9971,39465.142.93$329,592

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         1,807 bbl  × $106.41 =   $192,283
Gas                8,908 Mcf  × $  3.05 =    $27,132

────────────────────────────────────────────────────
Month total                                 $219,415

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/301203 is the state's own key, not one this site invented.