VALDEZ ET AL UNIT

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the MCMORAN (8960) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 204223District 04Field 598188522 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.4 M
Aug 2004 – May 2026
Value, last 12 filed months
$48 k
at the published price for each month
Months reported
262
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 84 leases and 84 wells, and the rule below applies to all of them.

Discovered
1968-11-27
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2003-09-22.

The Commission's schedule remark for this field reads: WELL AND 95% ACRES.THE ALLOCATION SUSPENSION REMAINS.

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 Gas112005-01-24160110
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
CondensateDisposition54,557 bbl$3,308,064
GasProduction962,033 Mcf$6,118,471
Total$9,426,535

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 26.6990, -98.3101. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.69897, -98.31015 · 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
13,532 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 13,532 ft.

Completions filed
Aug 2004
1 of 1 wells

1 well

42-21533199213,532 ftAug 2004

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 (262)

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

262 months

May 20262526106.413.05$1,815
Apr 202618619798.932.87$18,966
Mar 2026025089.753.15$787
Feb 2026211063.503.75$540
Jan 2026415059.138.00$1,436
Dec 2025665456.664.41$3,226
Nov 2025270658.593.93$2,889
Oct 202518171359.383.30$13,104
Sep 2025541462.743.08$1,588
Aug 2025025363.933.01$763
Jul 2025346666.743.32$1,745
Jun 2025127466.483.13$924
May 202516560.553.23$271
Apr 202517036862.363.54$11,905
Mar 2025662567.704.27$3,074
Feb 2025486470.884.34$4,034
Jan 2025457674.324.28$2,762
Dec 2024073368.993.12$2,288
Nov 2024174069.052.20$1,696
Oct 202471,01671.372.28$2,817
Sep 202418475769.612.36$14,598
Aug 2024476175.632.06$1,873
Jul 2024060579.932.15$1,299
Jun 2024364578.082.63$1,933
May 2024261578.812.20$1,510
Apr 2024264284.451.66$1,234
Mar 2024348680.301.55$992
Feb 2024370976.091.78$1,493
Jan 202417467973.023.30$14,945
Dec 2023152571.262.61$1,442
Nov 2023568877.892.81$2,321
Oct 2023159385.443.09$1,916
Sep 2023262589.042.74$1,887
Aug 2023355880.522.67$1,733
Jul 2023449874.852.64$1,615
Jun 2023353268.962.26$1,408
May 2023565470.622.23$1,810
Apr 202318658478.122.24$15,837
Mar 2023261672.852.39$1,620
Feb 2023147275.112.47$1,239
Jan 2023272776.533.39$2,616
Dec 2022269376.415.73$4,123
Nov 2022020485.005.65$1,152
Oct 2022052787.185.86$3,090
Sep 202218051284.888.16$19,458
Aug 2022042594.529.13$3,879
Jul 20220327101.587.54$2,466
Jun 20220300115.097.98$2,393
May 20220297109.378.43$2,505
Apr 2022183295104.226.84$21,089
Mar 2022183329108.885.08$21,595
Feb 2022150691.054.86$2,550
Jan 20221269381.844.54$4,127
Dec 2021057471.323.90$2,238
Nov 202118663777.435.24$17,738
Oct 2021046179.795.71$2,634
Sep 202118551269.865.35$15,664
Aug 2021061366.024.22$2,587
Jul 2021071070.783.98$2,827
Jun 2021067769.493.38$2,289
May 2021066163.483.02$1,995
Apr 2021067160.362.76$1,851
Mar 2021062061.302.72$1,685
Feb 2021065557.805.55$3,634
Jan 2021182750.412.81$2,375
Dec 2020087244.642.68$2,333
Nov 2020181138.772.71$2,234
Oct 202018677636.972.48$8,800
Sep 2020082337.091.99$1,639
Aug 2020089739.982.39$2,139
Jul 2020177838.371.83$1,458
Jun 202001,02634.901.69$1,734
May 2020080516.921.81$1,461
Apr 20207388614.751.80$2,675
Mar 2020188430.341.86$1,671
Feb 20201841,02649.881.98$11,210
Jan 20201911,17457.252.09$13,394
Dec 2019197759.012.30$2,310
Nov 201911,24255.302.75$3,472
Oct 20191891,62253.472.42$14,029
Sep 201911,03255.052.66$2,797
Aug 2019097553.112.30$2,247
Jul 201919397056.272.46$13,246
Jun 201918189752.782.49$11,788
May 2019091658.482.74$2,510
Apr 2019194062.632.75$2,648
Mar 201918883256.803.06$13,226
Feb 2019081550.852.79$2,276
Jan 2019195446.033.23$3,126
Dec 201819295146.594.19$12,926
Nov 2018090452.934.24$3,830
Oct 2018089761.443.40$3,048
Sep 201818893259.543.11$14,090
Aug 2018195959.403.07$3,000
Jul 2018092965.142.93$2,724
Jun 201819089460.183.08$14,185
May 2018066365.382.90$1,923
Apr 2018066063.842.90$1,915
Mar 201819369061.222.79$13,738
Feb 2018083361.782.77$2,304
Jan 201819496562.874.01$16,066
Dec 2017191457.272.92$2,728
Nov 20171941,17155.423.12$14,403
Oct 20171941,29249.292.98$13,417
Sep 201701,01647.523.09$3,137
Aug 201701,02845.373.00$3,089
Jul 2017195843.873.09$3,001
Jun 20171901,05342.493.09$11,324
May 2017097945.373.26$3,195
Apr 201711,19547.933.21$3,886
Mar 20171921,27146.772.98$12,772
Feb 201701,06750.452.95$3,150
Jan 20171911,15449.413.42$13,383
Dec 201611,04448.763.72$3,935
Nov 20161941,14242.492.64$11,263
Oct 201611,10246.193.09$3,452
Sep 20161931,15241.553.10$11,591
Aug 201611,11541.442.92$3,302
Jul 201619082141.622.92$10,309
Jun 2016081545.352.69$2,189
May 2016083642.521.99$1,665
Apr 201618984236.561.99$8,586
Mar 2016195633.011.79$1,748
Feb 201619287326.472.06$6,884
Jan 201611,00527.352.36$2,404
Dec 20151931,01632.362.00$8,279
Nov 201511,01338.792.17$2,234
Oct 20151901,20543.552.43$11,199
Sep 201511,11142.992.76$3,108
Aug 20151841,37540.162.87$11,339
Jul 201501,19248.152.95$3,511
Jun 201518396056.152.88$13,043
May 201501,06855.212.96$3,156
Apr 20151771,08249.822.71$11,747
Mar 201511,18942.892.93$3,532
Feb 20151881,08844.662.98$11,634
Jan 201511,24643.433.10$3,907
Dec 20141741,26554.693.59$14,059
Nov 20141801,38070.464.25$18,550
Oct 20141801,23578.303.90$18,912
Sep 20141731,06386.164.05$19,206
Aug 2014521,52289.394.04$10,790
Jul 20141831,47496.564.18$23,831
Jun 201411,39198.164.74$6,687
May 20141831,51394.734.73$24,487
Apr 20141851,45095.944.81$24,722
Mar 20141891,55595.895.06$25,987
Feb 201401,40897.406.19$8,718
Jan 20141851,57690.404.86$24,384
Dec 20131911,57191.824.35$24,379
Nov 201301,55088.853.74$5,794
Oct 20131861,62197.423.78$24,246
Sep 201311,513104.113.72$5,729
Aug 20131731,554104.253.52$23,509
Jul 201321,386102.523.72$5,358
Jun 20131841,58094.403.93$23,584
May 20131831,63694.834.15$24,142
Apr 201311,71793.964.28$7,447
Mar 201331,68893.623.91$6,886
Feb 20131911,59091.233.42$22,863
Jan 201321,75991.603.42$6,199
Dec 20122931,75086.773.42$31,409
Nov 201221,82186.953.62$6,775
Oct 20121791,85389.383.40$22,299
Sep 201221,89194.672.92$5,708
Aug 20121881,93092.662.91$23,033
Jul 2012901,88585.133.02$13,356
Jun 20121871,84379.822.52$19,569
May 20121871,97691.612.49$22,048
Apr 201221,990101.652.00$4,177
Mar 20121841,937105.052.22$23,633
Feb 20121861,807101.102.57$23,449
Jan 20121861,90598.092.73$23,453
Dec 201131,89996.873.24$6,443
Nov 20111901,80095.723.31$24,147
Oct 201136199684.983.65$34,312
Sep 2011196283.623.99$3,918
Aug 2011196583.404.15$4,087
Jul 201118397694.144.52$21,636
Jun 201117799592.904.64$21,060
May 20111851,04298.134.40$22,744
Apr 20111861,026105.964.33$24,155
Mar 20111841,04996.364.06$21,986
Feb 2011284085.644.18$3,682
Jan 20111842,11886.504.59$25,635
Dec 20101922,23685.734.35$26,182
Nov 20101872,13380.843.80$23,213
Oct 2010632,33278.103.51$13,103
Sep 20101882,22772.633.98$22,517
Aug 20101862,34773.684.42$24,077
Jul 20101872,35772.554.74$24,731
Jun 20101892,32370.364.91$24,705
May 201012,41471.124.24$10,295
Apr 20103662,41681.694.12$39,859
Mar 20101872,44778.394.39$25,398
Feb 201042,29073.585.44$12,757
Jan 20101922,46674.365.96$28,985
Dec 20091842,38671.445.48$26,229
Nov 20091872,32074.593.75$22,652
Oct 20091872,37772.544.11$23,335
Sep 20091922,34365.543.06$19,764
Aug 20091852,41667.423.22$20,249
Jul 20091902,30461.133.46$19,597
Jun 20091932,28066.163.90$21,649
May 20093732,50754.743.93$30,260
Apr 20091902,35346.773.59$17,328
Mar 20092032,73542.144.06$19,656
Feb 200992,61432.814.63$12,406
Jan 20093743,24535.865.37$30,841
Dec 20083643,32837.105.98$33,396
Nov 20081883,30655.496.86$33,112
Oct 20081753,62375.246.92$38,245
Sep 200833,426101.767.88$27,292
Aug 20081843,797114.228.48$53,227
Jul 20081853,886131.0811.39$68,509
Jun 20081954,588131.3313.03$85,403
May 20081885,296123.1711.57$84,453
Apr 20083795,256110.3110.45$96,758
Mar 20081995,842101.909.66$76,736
Feb 2008165,67792.538.77$51,271
Jan 20083986,50490.388.21$89,341
Dec 20074167,18088.337.30$89,173
Nov 20073867,14891.677.29$87,506
Oct 20072037,03782.856.92$65,529
Sep 20073757,17875.846.24$73,261
Aug 20073726,68569.066.39$68,394
Jul 20073697,81570.906.39$76,084
Jun 20073577,90362.007.55$81,789
May 20075558,33658.747.85$98,007
Apr 20073728,13759.617.81$85,686
Mar 20073657,18856.927.30$73,262
Feb 20075577,80255.108.22$94,792
Jan 20075768,62250.306.73$86,972
Dec 20065648,98956.656.92$94,140
Nov 20063689,06454.207.62$88,990
Oct 20065589,66854.906.01$88,776
Sep 20063599,00160.085.04$66,909
Aug 200654610,35168.717.34$113,491
Jul 20063719,41169.376.34$85,428
Jun 200673310,16166.286.38$113,450
May 20065389,60066.016.42$97,193
Apr 200654211,32164.397.36$118,227
Mar 200688611,86156.707.08$134,247
Feb 200656810,79157.597.75$116,353
Jan 200637511,28460.598.93$123,525
Dec 200593612,30454.9413.42$216,487
Nov 200537312,25954.6910.59$150,203
Oct 200573813,51958.3413.80$229,560
Sep 200565614,19961.4512.08$211,821
Aug 200592515,47761.519.80$208,522
Jul 200573516,38855.697.84$169,474
Jun 200554817,38852.337.38$157,018
May 200593718,96245.226.65$168,490
Apr 20051,12919,41449.207.36$198,443
Mar 200593123,01650.377.15$211,571
Feb 200594119,82745.226.31$167,698
Jan 20051,11524,07543.166.32$200,330
Dec 20041,45230,86239.866.75$266,229
Nov 20041,98843,54145.286.33$365,649
Oct 20042,21652,60449.706.52$452,856
Sep 20043,57675,02843.245.28$551,067
Aug 20043,51748,03742.375.55$415,652

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             2 bbl  × $106.41 =       $213
Gas                  526 Mcf  × $  3.05 =     $1,602

────────────────────────────────────────────────────
Month total                                   $1,815

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. 04/G/204223 is the state's own key, not one this site invented.