LEDBETTER GAS UNIT #2

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the TEAGUE (CV-BOSSIER CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 145791District 05Field 88576304Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$697 k
Jan 1993 – May 2026
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
401
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 1,075 leases and 1,075 wells, and the rule below applies to all of them.

Discovered
2006-06-06
as the register files it
Field class
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 2011-10-11.

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: REGULATORY PURPOSES.IT IS ORDERED THAT THE FIELD REMAIN SUSPENDED.

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 Gas111993-08-07127808
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
CondensateDisposition228 bbl$9,733
GasProduction201,236 Mcf$687,394
Total$697,127

28,563 Mcf of this lease's gas, across 36 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 31.6784, -96.1863. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.67840, -96.18628 · 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
12,675 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 12,675 ft.

Completions filed
Jul 1996
1 of 1 wells

1 well

42-16130465112,675 ftJul 1996

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 2025018359.383.30$605
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 2025028266.743.32$935
Jun 2025011866.483.13$369
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 2024010078.082.63$263
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 2024010980.301.55$168
Feb 202407576.091.78$134
Jan 20240073.023.30$0
Dec 202305971.262.61$154
Nov 202304477.892.81$124
Oct 202304785.443.09$145
Sep 202302689.042.74$71
Aug 202301680.522.67$43
Jul 202302874.852.64$74
Jun 202308068.962.26$181
May 202304170.622.23$91
Apr 202308678.122.24$192
Mar 202302672.852.39$62
Feb 202304475.112.47$108
Jan 2023011376.533.39$383
Dec 202204576.415.73$258
Nov 20220885.005.65$45
Oct 202202987.185.86$170
Sep 202201284.888.16$98
Aug 202201594.529.13$137
Jul 2022016101.587.54$121
Jun 2022022115.097.98$176
May 2022042109.378.43$354
Apr 2022865104.226.84$1,278
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 202104171.323.90$160
Nov 202109377.435.24$487
Oct 20210079.795.71$0
Sep 202109269.865.35$492
Aug 20210066.024.22$0
Jul 202101970.783.98$76
Jun 20210969.493.38$30
May 202104263.483.02$127
Apr 202102460.362.76$66
Mar 202104461.302.72$120
Feb 202106657.805.55$366
Jan 202105550.412.81$155
Dec 2020013244.642.68$353
Nov 202008538.772.71$230
Oct 202001636.972.48$40
Sep 2020013037.091.99$259
Aug 202008039.982.39$191
Jul 202004138.371.83$75
Jun 202006034.901.69$101
May 2020012116.921.81$220
Apr 20200014.751.80$0
Mar 202004030.341.86$74
Feb 202009349.881.98$184
Jan 20200057.252.09$0
Dec 201903459.012.30$78
Nov 2019024855.302.75$682
Oct 201909053.472.42$218
Sep 201905655.052.66$149
Aug 2019014353.112.30$330
Jul 201908356.272.46$204
Jun 2019013652.782.49$339
May 201901158.482.74$30
Apr 201906462.632.75$176
Mar 2019015756.803.06$481
Feb 201907450.852.79$207
Jan 201908946.033.23$287
Dec 201803446.594.19$142
Nov 201808152.934.24$343
Oct 20180761.443.40$24
Sep 2018010959.543.11$339
Aug 201809459.403.07$288
Jul 2018013765.142.93$402
Jun 2018012160.183.08$372
May 201806665.382.90$191
Apr 201806163.842.90$177
Mar 201806161.222.79$170
Feb 201805361.782.77$147
Jan 201803562.874.01$140
Dec 201707057.272.92$205
Nov 201709655.423.12$299
Oct 201707849.292.98$233
Sep 2017011947.523.09$367
Aug 2017018545.373.00$556
Jul 201703943.873.09$120
Jun 201707342.493.09$225
May 2017018345.373.26$597
Apr 201702947.933.21$93
Mar 20170946.772.98$27
Feb 201705050.452.95$148
Jan 201703849.413.42$130
Dec 201601348.763.72$48
Nov 201604842.492.64$127
Oct 201602946.193.09$90
Sep 201603241.553.10$99
Aug 20160041.442.92$0
Jul 201603541.622.92$102
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 201603533.011.79$63
Feb 201603726.472.06$76
Jan 2016029627.352.36$700
Dec 201507532.362.00$150
Nov 201508638.792.17$186
Oct 201509543.552.43$231
Sep 2015010042.992.76$276
Aug 201509840.162.87$282
Jul 2015016248.152.95$477
Jun 2015120356.152.88$641
May 2015015355.212.96$452
Apr 2015116349.822.71$491
Mar 2015024242.892.93$710
Feb 2015015544.662.98$461
Jan 2015015543.433.10$481
Dec 2014014054.693.59$503
Nov 2014015770.464.25$668
Oct 2014019078.303.90$741
Sep 2014013386.164.05$538
Aug 2014011789.394.04$472
Jul 2014024096.564.18$1,003
Jun 2014018498.164.74$872
May 2014021594.734.73$1,016
Apr 2014011995.944.81$572
Mar 2014020695.895.06$1,042
Feb 201407797.406.19$477
Jan 2014016990.404.86$821
Dec 2013015091.824.35$653
Nov 201301,27888.853.74$4,778
Oct 2013022697.423.78$854
Sep 2013057104.113.72$212
Aug 2013081104.253.52$285
Jul 20130225102.523.72$836
Jun 2013127794.403.93$1,184
May 2013013594.834.15$560
Apr 201305793.964.28$244
Mar 2013010393.623.91$403
Feb 201308391.233.42$284
Jan 2013012491.603.42$424
Dec 201209786.773.42$332
Nov 2012118586.953.62$758
Oct 201206889.383.40$231
Sep 2012010894.672.92$315
Aug 2012017992.662.91$521
Jul 2012016985.133.02$511
Jun 2012010079.822.52$252
May 2012010291.612.49$254
Apr 20120108101.652.00$216
Mar 2012094105.052.22$209
Feb 2012086101.102.57$221
Jan 2012018398.092.73$500
Dec 201109296.873.24$298
Nov 2011122595.723.31$841
Oct 2011144484.983.65$1,705
Sep 2011121383.623.99$933
Aug 2011022983.404.15$950
Jul 2011220694.144.52$1,119
Jun 2011134092.904.64$1,670
May 20111420698.134.40$2,281
Apr 20110280105.964.33$1,213
Mar 2011024396.364.06$986
Feb 2011019785.644.18$823
Jan 2011028986.504.59$1,326
Dec 2010034285.734.35$1,487
Nov 2010153680.843.80$2,115
Oct 2010131578.103.51$1,183
Sep 2010018672.633.98$740
Aug 2010022273.684.42$981
Jul 2010017672.554.74$834
Jun 2010013570.364.91$663
May 2010020671.124.24$872
Apr 2010023481.694.12$965
Mar 2010039778.394.39$1,742
Feb 2010015773.585.44$854
Jan 2010021574.365.96$1,282
Dec 2009017371.445.48$949
Nov 2009024974.593.75$934
Oct 2009023772.544.11$974
Sep 2009019465.543.06$595
Aug 2009023767.423.22$763
Jul 2009032561.133.46$1,126
Jun 2009032966.163.90$1,281
May 2009045154.743.93$1,771
Apr 2009022746.773.59$814
Mar 2009035842.144.06$1,453
Feb 2009031932.814.63$1,478
Jan 2009018235.865.37$978
Dec 2008043337.105.98$2,588
Nov 2008024955.496.86$1,708
Oct 2008022275.246.92$1,537
Sep 20080183101.767.88$1,442
Aug 20080337114.228.48$2,859
Jul 20082325131.0811.39$3,964
Jun 20080353131.3313.03$4,601
May 20080336123.1711.57$3,889
Apr 20080341110.3110.45$3,565
Mar 20080434101.909.66$4,194
Feb 2008046492.538.77$4,070
Jan 2008067590.388.21$5,539
Dec 2007079388.337.30$5,790
Nov 2007084391.677.29$6,147
Oct 2007052682.856.92$3,641
Sep 2007018375.846.24$1,143
Aug 2007068469.066.39$4,369
Jul 2007070270.906.39$4,484
Jun 2007071062.007.55$5,359
May 2007157958.747.85$4,602
Apr 2007274359.617.81$5,918
Mar 2007088956.927.30$6,491
Feb 2007323755.108.22$2,112
Jan 2007025250.306.73$1,695
Dec 2006042056.656.92$2,906
Nov 2006142054.207.62$3,254
Oct 2006033554.906.01$2,015
Sep 2006047860.085.04$2,408
Aug 2006087968.717.34$6,452
Jul 2006081669.376.34$5,176
Jun 200609866.286.38$626
May 2006282366.016.42$5,420
Apr 2006214464.397.36$1,189
Mar 2006043756.707.08$3,095
Feb 2006063957.597.75$4,953
Jan 2006084260.598.93$7,522
Dec 200507354.9413.42$979
Nov 2005052754.6910.59$5,580
Oct 2005049558.3413.80$6,829
Sep 2005043861.4512.08$5,291
Aug 2005052561.519.80$5,143
Jul 2005052655.697.84$4,126
Jun 2005051752.337.38$3,816
May 2005042345.226.65$2,813
Apr 2005031749.207.36$2,333
Mar 2005030950.377.15$2,211
Feb 2005043345.226.31$2,733
Jan 20058331243.166.32$5,555
Dec 2004022139.866.75$1,492
Nov 2004026045.286.33$1,646
Oct 2004027149.706.52$1,766
Sep 2004028143.245.28$1,485
Aug 2004034442.375.55$1,909
Jul 2004041438.286.08$2,519
Jun 2004020636.106.43$1,325
May 2004030037.486.49$1,948
Apr 2004033634.475.86$1,968
Mar 2004042334.365.53$2,339
Feb 2004035732.455.51$1,967
Jan 2004035032.036.30$2,205
Dec 2003044830.266.30$2,823
Nov 2003131928.804.60$1,495
Oct 2003034828.174.76$1,656
Sep 2003042226.314.75$2,004
Aug 2003038929.765.13$1,995
Jul 2003036229.415.17$1,872
Jun 2003033128.565.98$1,980
May 2003026126.595.97$1,559
Apr 2003091226.675.41$4,931
Mar 200301,13531.146.10$6,919
Feb 200301,58933.487.93$12,594
Jan 200302,31430.315.58$12,917
Dec 200201,39526.914.85$6,771
Nov 200202,02024.664.14$8,357
Oct 2002051726.464.23$2,186
Sep 2002082827.443.64$3,010
Aug 2002057825.963.16$1,829
Jul 2002018224.583.06$557
Jun 2002060923.733.34$2,033
May 200204024.663.58$143
Apr 2002026623.653.51$934
Mar 2002055422.003.10$1,719
Feb 200201,01218.222.38$2,404
Jan 2002089317.172.38$2,121
Dec 200101,48916.932.36$3,521
Nov 200101,49618.072.41$3,599
Oct 2001016019.782.53$405
Sep 200101,29624.262.25$2,918
Aug 200101,50824.873.05$4,604
Jul 200101,80023.933.20$5,755
Jun 200101,96924.563.82$7,530
May 200101,67925.524.31$7,232
Apr 200101,10224.685.34$5,880
Mar 200101,20824.545.38$6,495
Feb 2001068227.755.77$3,933
Jan 2001098427.478.40$8,264
Dec 200011,22626.889.12$11,211
Nov 200021,37132.215.66$7,822
Oct 200011,90431.235.15$9,828
Sep 2000061231.875.19$3,174
Aug 200001,39329.644.54$6,325
Jul 2000156328.534.09$2,331
Jun 200001,76129.304.40$7,744
May 200001,25227.263.68$4,607
Apr 200001,37024.513.12$4,269
Mar 200002,08728.422.86$5,968
Feb 2000501,90327.622.73$6,570
Jan 200002,04325.272.48$5,068
Dec 199901,50124.282.42$3,638
Nov 199901,86223.192.43$4,532
Oct 199901,46620.982.80$4,110
Sep 199902,45621.752.62$6,432
Aug 199903,28319.262.88$9,441
Jul 19990017.892.37$0
Jun 199901,32515.942.36$3,130
May 1999095415.792.32$2,214
Apr 1999182515.102.21$1,837
Mar 1999068212.471.84$1,254
Feb 199908269.981.82$1,501
Jan 1999044110.381.90$838
Dec 1998323399.201.77$896
Nov 1998092310.892.19$2,017
Oct 1998066912.421.97$1,317
Sep 1998048012.592.08$1,000
Aug 199801,13511.301.91$2,165
Jul 199801,69211.742.24$3,785
Jun 1998013111.242.24$293
May 199801,54512.622.21$3,409
Apr 1998049913.042.51$1,250
Mar 199801,34012.802.31$3,095
Feb 199801,93613.952.30$4,451
Jan 1998079014.702.15$1,702
Dec 199702,63516.322.41$6,353
Nov 199702,64318.193.09$8,162
Oct 199704,48419.253.15$14,124
Sep 199703,45417.742.95$10,206
Aug 199794,46317.862.55$11,563
Jul 199705,07817.582.25$11,410
Jun 199703,33017.242.26$7,516
May 199702,19018.972.31$5,056
Apr 199703,53617.882.08$7,365
Mar 199704,71818.951.94$9,149
Feb 199702,88220.492.21$6,357
Jan 199705,26923.483.54$18,651
Dec 199603,55223.32$0
Nov 1996092621.97$0
Oct 1996092923.31$0
Sep 199601,04522.22$0
Aug 199601,33220.26$0
Jul 199602,30119.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 199504616.18$0
Aug 1995011715.92$0
Jul 199502415.24$0
Jun 199507816.41$0
May 1995049617.56$0
Apr 199502017.73$0
Mar 199505116.44$0
Feb 1995014016.58$0
Jan 1995024315.92$0
Dec 1994024315.03$0
Nov 1994020615.90$0
Oct 1994020915.58$0
Sep 19940015.29$0
Aug 1994025716.13$0
Jul 19940017.56$0
Jun 199405117.09$0
May 1994052415.88$0
Apr 19940014.14$0
Mar 1994063312.46$0
Feb 1994075212.50$0
Jan 1994095612.66$0
Dec 1993069712.33$0
Nov 1993063814.49$0
Oct 1993082015.85$0
Sep 1993067215.03$0
Aug 1993070815.66$0
Jul 1993085115.46$0
Jun 199301,06616.79$0
May 199301,18717.68$0
Apr 199301,16818.05$0
Mar 199301,53318.14$0
Feb 199301,62817.90$0
Jan 199302,46416.93$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.

Oct 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.38 =         $0
Gas                  183 Mcf  × $  3.30 =       $605

────────────────────────────────────────────────────
Month total                                     $605

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. 05/G/145791 is the state's own key, not one this site invented.