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 145985District 05Field 88576304Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.4 M
Jun 1993 – May 2026
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
396
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 Gas111993-08-24128136
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
CondensateDisposition829 bbl$43,763
GasProduction1,041,380 Mcf$3,340,172
Total$3,383,935

307,361 Mcf of this lease's gas, across 42 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 31.6813, -96.1748. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.68132, -96.17479 · 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
12,800 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 12,800 ft.

Completions filed
Jan 1994
1 of 1 wells

1 well

42-16130724212,800 ftJan 1994

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 (396)

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

396 months

May 20260571106.413.05$1,739
Apr 2026014098.932.87$402
Mar 2026021989.753.15$690
Feb 2026022563.503.75$844
Jan 2026022259.138.00$1,776
Dec 2025023956.664.41$1,055
Nov 2025021758.593.93$852
Oct 2025027059.383.30$892
Sep 2025029662.743.08$911
Aug 2025031963.933.01$962
Jul 2025030866.743.32$1,021
Jun 2025033366.483.13$1,042
May 2025048860.553.23$1,577
Apr 2025018962.363.54$670
Mar 2025024467.704.27$1,041
Feb 2025025670.884.34$1,111
Jan 2025020374.324.28$869
Dec 2024019668.993.12$612
Nov 2024015669.052.20$343
Oct 2024021171.372.28$481
Sep 2024028569.612.36$674
Aug 2024024275.632.06$499
Jul 2024031579.932.15$676
Jun 2024070978.082.63$1,867
May 20240078.812.20$0
Apr 202405184.451.66$85
Mar 2024017280.301.55$266
Feb 2024015576.091.78$276
Jan 2024021773.023.30$716
Dec 2023015371.262.61$399
Nov 2023016477.892.81$460
Oct 2023024685.443.09$759
Sep 2023021689.042.74$591
Aug 2023017480.522.67$465
Jul 2023018774.852.64$494
Jun 2023012968.962.26$291
May 2023019470.622.23$432
Apr 2023014678.122.24$327
Mar 202307672.852.39$182
Feb 202308375.112.47$205
Jan 2023010176.533.39$342
Dec 2022013876.415.73$791
Nov 202205285.005.65$294
Oct 2022014687.185.86$856
Sep 202209284.888.16$751
Aug 2022012594.529.13$1,141
Jul 2022083101.587.54$626
Jun 2022023115.097.98$183
May 2022058109.378.43$489
Apr 20225831104.226.84$6,257
Mar 2022021108.885.08$107
Feb 2022016191.054.86$782
Jan 2022022381.844.54$1,012
Dec 202102071.323.90$78
Nov 202103977.435.24$204
Oct 2021019779.795.71$1,126
Sep 2021016569.865.35$883
Aug 202102766.024.22$114
Jul 202102370.783.98$92
Jun 202102269.493.38$74
May 202102263.483.02$66
Apr 202101360.362.76$36
Mar 202107661.302.72$206
Feb 2021010657.805.55$588
Jan 2021020750.412.81$582
Dec 2020029044.642.68$776
Nov 2020029038.772.71$785
Oct 202006136.972.48$151
Sep 2020027437.091.99$546
Aug 2020028939.982.39$689
Jul 2020032438.371.83$591
Jun 2020039534.901.69$668
May 2020046116.921.81$837
Apr 2020051714.751.80$933
Mar 2020045230.341.86$839
Feb 2020041049.881.98$812
Jan 2020049557.252.09$1,037
Dec 2019067059.012.30$1,544
Nov 2019038155.302.75$1,048
Oct 2019047253.472.42$1,142
Sep 2019050855.052.66$1,350
Aug 2019011853.112.30$272
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 2019039158.482.74$1,071
Apr 2019056562.632.75$1,554
Mar 2019051856.803.06$1,586
Feb 2019044550.852.79$1,243
Jan 2019066546.033.23$2,147
Dec 2018049746.594.19$2,080
Nov 2018056352.934.24$2,386
Oct 2018062161.443.40$2,110
Sep 2018045559.543.11$1,414
Aug 2018061759.403.07$1,892
Jul 2018053065.142.93$1,554
Jun 2018052360.183.08$1,609
May 2018056565.382.90$1,639
Apr 2018051663.842.90$1,497
Mar 2018063061.222.79$1,756
Feb 2018054861.782.77$1,516
Jan 2018068262.874.01$2,734
Dec 2017070657.272.92$2,063
Nov 2017040655.423.12$1,266
Oct 2017038549.292.98$1,149
Sep 2017041747.523.09$1,287
Aug 2017053345.373.00$1,601
Jul 2017024843.873.09$766
Jun 2017035442.493.09$1,093
May 2017022045.373.26$718
Apr 2017061547.933.21$1,975
Mar 2017044146.772.98$1,316
Feb 2017056950.452.95$1,680
Jan 2017028049.413.42$957
Dec 2016138548.763.72$1,482
Nov 2016044542.492.64$1,177
Oct 2016263846.193.09$2,064
Sep 2016256341.553.10$1,829
Aug 201601,28641.442.92$3,761
Jul 2016080141.622.92$2,342
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 201601,53233.011.79$2,748
Feb 2016035126.472.06$724
Jan 201601,61927.352.36$3,828
Dec 2015198732.362.00$2,008
Nov 201501,27838.792.17$2,770
Oct 201511,01643.552.43$2,509
Sep 201511,21742.992.76$3,400
Aug 201501,28040.162.87$3,677
Jul 201521,32948.152.95$4,010
Jun 201541,42556.152.88$4,333
May 201521,61455.212.96$4,881
Apr 201551,65349.822.71$4,723
Mar 201531,73842.892.93$5,229
Feb 201521,39244.662.98$4,232
Jan 201511,33043.433.10$4,167
Dec 201401,59354.693.59$5,721
Nov 201411,98570.464.25$8,510
Oct 201421,92178.303.90$7,650
Sep 201401,71686.164.05$6,942
Aug 201411,65789.394.04$6,776
Jul 201421,58296.564.18$6,805
Jun 201411,73198.164.74$8,298
May 201431,82094.734.73$8,887
Apr 201401,21895.944.81$5,858
Mar 201411,50895.895.06$7,722
Feb 201431,26197.406.19$8,100
Jan 201401,43890.404.86$6,990
Dec 201311,46891.824.35$6,484
Nov 2013034988.853.74$1,305
Oct 201301,57697.423.78$5,956
Sep 201301,879104.113.72$6,986
Aug 201321,978104.253.52$7,176
Jul 201301,355102.523.72$5,038
Jun 201351,34894.403.93$5,774
May 201311,11994.834.15$4,738
Apr 2013299293.964.28$4,436
Mar 201341,28693.623.91$5,406
Feb 201311,28091.233.42$4,469
Jan 201341,45191.603.42$5,329
Dec 201211,64786.773.42$5,720
Nov 201211,77286.953.62$6,510
Oct 201221,84789.383.40$6,458
Sep 201211,71994.672.92$5,111
Aug 201252,00292.662.91$6,285
Jul 201241,71785.133.02$5,527
Jun 201211,24479.822.52$3,214
May 201201,53291.612.49$3,812
Apr 201221,389101.652.00$2,977
Mar 201231,374105.052.22$3,368
Feb 201211,302101.102.57$3,448
Jan 201241,52898.092.73$4,570
Dec 201121,20896.873.24$4,107
Nov 201131,45795.723.31$5,112
Oct 201131,54084.983.65$5,874
Sep 201141,56583.623.99$6,572
Aug 201121,93983.404.15$8,212
Jul 2011131,61494.144.52$8,515
Jun 201171,93992.904.64$9,647
May 2011962,35298.134.40$19,781
Apr 201132,042105.964.33$9,166
Mar 201132,12696.364.06$8,915
Feb 201141,46085.644.18$6,445
Jan 201142,16386.504.59$10,272
Dec 201022,10885.734.35$9,337
Nov 201021,77580.843.80$6,898
Oct 201031,89878.103.51$6,894
Sep 201062,25872.633.98$9,421
Aug 201032,12573.684.42$9,612
Jul 201052,17872.554.74$10,679
Jun 201041,79370.364.91$9,086
May 201052,18371.124.24$9,601
Apr 201002,34281.694.12$9,655
Mar 201002,58478.394.39$11,340
Feb 201002,01273.585.44$10,950
Jan 201002,06674.365.96$12,322
Dec 200901,58171.445.48$8,670
Nov 200902,41774.593.75$9,067
Oct 200902,58672.544.11$10,629
Sep 200901,68865.543.06$5,173
Aug 200902,16367.423.22$6,962
Jul 200912,34261.133.46$8,175
Jun 200902,21766.163.90$8,635
May 200902,26954.743.93$8,908
Apr 200912,52346.773.59$9,098
Mar 200902,78742.144.06$11,312
Feb 200902,52032.814.63$11,675
Jan 200902,64535.865.37$14,206
Dec 200802,22937.105.98$13,323
Nov 200802,42755.496.86$16,650
Oct 200803,39275.246.92$23,479
Sep 200802,327101.767.88$18,330
Aug 200801,937114.228.48$16,432
Jul 2008182,887131.0811.39$35,241
Jun 200803,194131.3313.03$41,626
May 200803,280123.1711.57$37,964
Apr 200802,355110.3110.45$24,621
Mar 200803,256101.909.66$31,466
Feb 200812,96092.538.77$26,053
Jan 200803,57890.388.21$29,360
Dec 200703,32288.337.30$24,257
Nov 200713,13491.677.29$22,944
Oct 200703,38982.856.92$23,459
Sep 200713,11575.846.24$19,526
Aug 200702,19369.066.39$14,009
Jul 200702,26370.906.39$14,456
Jun 200713,14962.007.55$23,832
May 200703,28058.747.85$25,736
Apr 200702,83359.617.81$22,112
Mar 200703,30356.927.30$24,118
Feb 200703,02555.108.22$24,853
Jan 200703,18050.306.73$21,391
Dec 200602,85656.656.92$19,759
Nov 200602,84154.207.62$21,641
Oct 200603,13054.906.01$18,823
Sep 200603,14560.085.04$15,842
Aug 200603,17768.717.34$23,319
Jul 200603,17469.376.34$20,132
Jun 200603,64366.286.38$23,256
May 200603,51066.016.42$22,552
Apr 200603,10964.397.36$22,884
Mar 200603,60656.707.08$25,541
Feb 200613,24757.597.75$25,225
Jan 200603,52660.598.93$31,499
Dec 200503,94654.9413.42$52,937
Nov 200513,74754.6910.59$39,729
Oct 200503,95458.3413.80$54,548
Sep 200504,39961.4512.08$53,136
Aug 200504,63261.519.80$45,379
Jul 200504,41655.697.84$34,638
Jun 200504,64052.337.38$34,248
May 200503,80045.226.65$25,274
Apr 200502,84949.207.36$20,970
Mar 200502,77550.377.15$19,855
Feb 200503,88945.226.31$24,547
Jan 2005992,80643.166.32$22,013
Dec 200401,98939.866.75$13,428
Nov 200402,33445.286.33$14,775
Oct 200412,43749.706.52$15,927
Sep 200402,52743.245.28$13,352
Aug 200403,09542.375.55$17,179
Jul 200403,72138.286.08$22,639
Jun 200401,84836.106.43$11,888
May 200402,70037.486.49$17,535
Apr 200403,02034.475.86$17,693
Mar 200413,80534.365.53$21,077
Feb 200413,20432.455.51$17,685
Jan 200403,14632.036.30$19,819
Dec 200324,02130.266.30$25,399
Nov 200302,86828.804.60$13,179
Oct 200303,12428.174.76$14,869
Sep 200313,79026.314.75$18,026
Aug 200303,49729.765.13$17,939
Jul 200303,25729.415.17$16,841
Jun 200302,97228.565.98$17,781
May 200304,03626.595.97$24,106
Apr 200323,19226.675.41$17,313
Mar 200303,75331.146.10$22,878
Feb 200322,93033.487.93$23,290
Jan 200312,57130.315.58$14,382
Dec 200223,13626.914.85$15,275
Nov 200202,72824.664.14$11,286
Oct 200213,59826.464.23$15,243
Sep 200203,68127.443.64$13,381
Aug 200202,91125.963.16$9,211
Jul 200213,20124.583.06$9,825
Jun 200213,18023.733.34$10,639
May 200203,57624.663.58$12,816
Apr 200212,78323.653.51$9,798
Mar 200203,51222.003.10$10,897
Feb 200202,86818.222.38$6,813
Jan 200203,57417.172.38$8,491
Dec 200103,50116.932.36$8,278
Nov 200104,97218.072.41$11,960
Oct 200102,04419.782.53$5,169
Sep 200103,36424.262.25$7,573
Aug 200103,27724.873.05$10,005
Jul 200102,13423.933.20$6,823
Jun 200112,85924.563.82$10,958
May 200104,07125.524.31$17,535
Apr 200103,78624.685.34$20,200
Mar 200103,82324.545.38$20,554
Feb 200103,47127.755.77$20,018
Jan 200114,21927.478.40$35,462
Dec 200003,37526.889.12$30,788
Nov 200003,26232.215.66$18,456
Oct 200003,95731.235.15$20,361
Sep 200004,87031.875.19$25,258
Aug 200003,29829.644.54$14,975
Jul 200003,27828.534.09$13,406
Jun 200003,39129.304.40$14,911
May 200004,64027.263.68$17,074
Apr 200004,59624.513.12$14,321
Mar 200004,27728.422.86$12,231
Feb 2000703,90227.622.73$12,572
Jan 200004,88625.272.48$12,120
Dec 199904,97524.282.42$12,058
Nov 199904,60623.192.43$11,211
Oct 199905,00120.982.80$14,021
Sep 199904,94721.752.62$12,955
Aug 199904,09819.262.88$11,784
Jul 199904,77417.892.37$11,326
Jun 199903,63515.942.36$8,586
May 199903,81815.792.32$8,862
Apr 199903,76515.102.21$8,313
Mar 199904,56312.471.84$8,388
Feb 199904,0959.981.82$7,444
Jan 199905,34610.381.90$10,157
Dec 1998665,4149.201.77$10,208
Nov 199805,38610.892.19$11,772
Oct 199805,69812.421.97$11,221
Sep 199805,59412.592.08$11,650
Aug 199805,66011.301.91$10,796
Jul 199805,97511.742.24$13,368
Jun 199805,50711.242.24$12,321
May 199805,81912.622.21$12,839
Apr 199806,99813.042.51$17,532
Mar 199804,21312.802.31$9,730
Feb 199805,33313.952.30$12,261
Jan 199806,39614.702.15$13,782
Dec 199703,09316.322.41$7,458
Nov 199705,92818.193.09$18,307
Oct 199705,63619.253.15$17,752
Sep 199705,33517.742.95$15,764
Aug 1997295,95517.862.55$15,731
Jul 199706,16817.582.25$13,859
Jun 199706,85217.242.26$15,466
May 199709,20618.972.31$21,252
Apr 199706,41017.882.08$13,351
Mar 199705,42418.951.94$10,518
Feb 199705,35120.492.21$11,804
Jan 199705,15523.483.54$18,247
Dec 199605,13223.32$0
Nov 199605,75821.97$0
Oct 1996376,37623.31$862
Sep 199606,43822.22$0
Aug 199603,12820.26$0
Jul 199616,37019.55$20
Jun 199606,19618.73$0
May 199605,72819.43$0
Apr 19961077,64521.51$2,302
Mar 199615,83819.38$19
Feb 199617,16216.98$17
Jan 199607,38117.07$0
Dec 199506,70717.19$0
Nov 199518,04316.00$16
Oct 199507,09915.43$0
Sep 199509,76816.18$0
Aug 199506,18315.92$0
Jul 199508,61615.24$0
Jun 199508,67916.41$0
May 199509,02217.56$0
Apr 1995011,42117.73$0
Mar 1995365,02216.44$592
Feb 199509,11916.58$0
Jan 1995010,55115.92$0
Dec 1994012,90215.03$0
Nov 1994010,82315.90$0
Oct 199402,57315.58$0
Sep 199404,59415.29$0
Aug 1994512,25416.13$81
Jul 199409,13617.56$0
Jun 199407,43817.09$0
May 1994311,82215.88$48
Apr 1994011,29114.14$0
Mar 1994117,20012.46$12
Feb 1994916,32512.50$113
Jan 1994016,56512.66$0
Dec 1993035812.33$0
Nov 1993030014.49$0
Oct 199306015.85$0
Sep 1993017115.03$0
Aug 199307915.66$0
Jul 199308815.46$0
Jun 19930016.79$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  571 Mcf  × $  3.05 =     $1,739

────────────────────────────────────────────────────
Month total                                   $1,739

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/145985 is the state's own key, not one this site invented.