SCHULTZ "E"

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

Gas lease lease 174388District 05Field 707922002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.3 M
Aug 1999 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
322
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 36 leases and 36 wells, and the rule below applies to all of them.

Discovered
1980-03-24
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 02/01/96.

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 Gas112000-03-17140950
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
CondensateDisposition2,164 bbl$120,492
GasProduction1,002,120 Mcf$5,149,545
Total$5,270,037

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 31.4976, -96.3817. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.49761, -96.38171 · 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
10,870 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 10,870 ft.

Completions filed
Aug 1999
1 of 1 wells

1 well

42-29331302810,870 ftAug 1999

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 (322)

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

322 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 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
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 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 202217085.005.65$1,445
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 2022110115.097.98$1,266
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 201701547.933.21$48
Mar 201704246.772.98$125
Feb 201704450.452.95$130
Jan 201704149.413.42$140
Dec 201604348.763.72$160
Nov 201606342.492.64$167
Oct 201606746.193.09$207
Sep 201604341.553.10$133
Aug 201607941.442.92$231
Jul 201607341.622.92$213
Jun 201609245.352.69$247
May 2016015242.521.99$303
Apr 2016031636.561.99$629
Mar 2016055633.011.79$997
Feb 2016045426.472.06$937
Jan 2016051027.352.36$1,206
Dec 2015046632.362.00$933
Nov 2015019738.792.17$427
Oct 2015015943.552.43$386
Sep 2015019142.992.76$527
Aug 2015025940.162.87$744
Jul 2015031048.152.95$913
Jun 2015091256.152.88$2,629
May 2015090355.212.96$2,669
Apr 2015082549.822.71$2,233
Mar 2015013742.892.93$402
Feb 2015036944.662.98$1,098
Jan 2015051443.433.10$1,594
Dec 2014017554.693.59$628
Nov 2014016370.464.25$693
Oct 201408178.303.90$316
Sep 2014018286.164.05$736
Aug 2014022989.394.04$924
Jul 2014011996.564.18$497
Jun 2014023098.164.74$1,089
May 20146539794.734.73$8,034
Apr 2014067095.944.81$3,222
Mar 2014099395.895.06$5,021
Feb 2014060797.406.19$3,759
Jan 2014029290.404.86$1,419
Dec 2013042591.824.35$1,851
Nov 201301,32188.853.74$4,938
Oct 2013017697.423.78$665
Sep 2013065104.113.72$242
Aug 20130213104.253.52$750
Jul 20130316102.523.72$1,175
Jun 2013038094.403.93$1,495
May 2013016194.834.15$668
Apr 2013054993.964.28$2,351
Mar 2013037093.623.91$1,448
Feb 201301,59291.233.42$5,445
Jan 2013024991.603.42$852
Dec 2012024486.773.42$835
Nov 2012055686.953.62$2,015
Oct 201201,12489.383.40$3,821
Sep 2012092494.672.92$2,697
Aug 201201,06092.662.91$3,083
Jul 2012068785.133.02$2,075
Jun 2012059179.822.52$1,489
May 2012083891.612.49$2,085
Apr 20120658101.652.00$1,314
Mar 201201,329105.052.22$2,953
Feb 20120881101.102.57$2,264
Jan 2012064698.092.73$1,766
Dec 201101,94596.873.24$6,301
Nov 2011062495.723.31$2,066
Oct 2011033984.983.65$1,237
Sep 2011067283.623.99$2,678
Aug 2011090783.404.15$3,763
Jul 201101,00594.144.52$4,540
Jun 2011079092.904.64$3,666
May 2011055498.134.40$2,440
Apr 201102,451105.964.33$10,621
Mar 201103,58796.364.06$14,554
Feb 201102,01785.644.18$8,431
Jan 20111032,92586.504.59$22,332
Dec 201002,79885.734.35$12,165
Nov 201002,77580.843.80$10,532
Oct 201003,18178.103.51$11,162
Sep 201002,51172.633.98$9,992
Aug 201002,70473.684.42$11,950
Jul 201001,96672.554.74$9,312
Jun 201003,78570.364.91$18,586
May 201003,84671.124.24$16,289
Apr 201002,95381.694.12$12,174
Mar 201005,03978.394.39$22,115
Feb 20101154,23873.585.44$31,526
Jan 201003,94274.365.96$23,510
Dec 200913,89871.445.48$21,447
Nov 200904,52374.593.75$16,968
Oct 200906,03672.544.11$24,809
Sep 200914,96065.543.06$15,267
Aug 200905,40567.423.22$17,396
Jul 2009566,36961.133.46$25,489
Jun 200906,00266.163.90$23,378
May 200903,10554.743.93$12,189
Apr 200901,03546.773.59$3,713
Mar 200901,19342.144.06$4,842
Feb 200901,06432.814.63$4,930
Jan 200901,32335.865.37$7,106
Dec 2008091637.105.98$5,475
Nov 200802,28255.496.86$15,655
Oct 200803,04675.246.92$21,084
Sep 200802,534101.767.88$19,961
Aug 200803,827114.228.48$32,465
Jul 20081313,123131.0811.39$52,741
Jun 200803,487131.3313.03$45,445
May 200805,137123.1711.57$59,457
Apr 200805,283110.3110.45$55,233
Mar 200804,897101.909.66$47,325
Feb 2008984,29892.538.77$46,764
Jan 200804,09090.388.21$33,561
Dec 200703,61688.337.30$26,404
Nov 200704,20991.677.29$30,691
Oct 200706,55482.856.92$45,367
Sep 200716,36675.846.24$39,826
Aug 2007765,48369.066.39$40,274
Jul 200704,71870.906.39$30,138
Jun 200704,41162.007.55$33,296
May 200703,95458.747.85$31,024
Apr 200708,84159.617.81$69,006
Mar 200705,14556.927.30$37,569
Feb 2007314,74555.108.22$40,693
Jan 200705,56450.306.73$37,428
Dec 200606,76056.656.92$46,769
Nov 200607,80554.207.62$59,454
Oct 200607,51754.906.01$45,206
Sep 200606,81760.085.04$34,339
Aug 200608,11568.717.34$59,563
Jul 2006147,88469.376.34$50,978
Jun 200607,26966.286.38$46,404
May 200604,35366.016.42$27,968
Apr 200613,16464.397.36$23,353
Mar 200606,18556.707.08$43,808
Feb 200615,10157.597.75$39,596
Jan 200609,04060.598.93$80,757
Dec 200505,19154.9413.42$69,639
Nov 200505,36054.6910.59$56,754
Oct 2005486,33358.3413.80$90,169
Sep 2005455,43261.4512.08$68,378
Aug 2005756,89961.519.80$72,202
Jul 200502,33055.697.84$18,276
Jun 200506,15652.337.38$45,438
May 2005613,33245.226.65$24,920
Apr 2005806,07249.207.36$48,629
Mar 200504,28650.377.15$30,666
Feb 200505,25645.226.31$33,175
Jan 20051136,56143.166.32$46,357
Dec 20042108,85139.866.75$68,124
Nov 20042008,06745.286.33$60,124
Oct 200408,48449.706.52$55,274
Sep 2004547,31643.245.28$40,992
Aug 200406,75242.375.55$37,478
Jul 200403,90538.286.08$23,759
Jun 200405,24436.106.43$33,735
May 2004973,38637.486.49$25,626
Apr 200403,35934.475.86$19,679
Mar 200404,09934.365.53$22,668
Feb 2004536,30232.455.51$36,441
Jan 200404,10932.036.30$25,885
Dec 200303,43730.266.30$21,659
Nov 2003285,41128.804.60$25,671
Oct 200303,97228.174.76$18,905
Sep 2003048726.314.75$2,313
Aug 20032697629.765.13$5,780
Jul 2003952129.415.17$2,959
Jun 200307,68828.565.98$45,997
May 200308,06126.595.97$48,146
Apr 200305,88226.675.41$31,806
Mar 200304,95231.146.10$30,188
Feb 200307,33333.487.93$58,120
Jan 200307,77030.315.58$43,372
Dec 2002010,38126.914.85$50,387
Nov 200209,48824.664.14$39,251
Oct 200208,51126.464.23$35,994
Sep 200209,41327.443.64$34,218
Aug 200211911,27225.963.16$38,756
Jul 2002011,69824.583.06$35,816
Jun 200206,06223.733.34$20,236
May 200206,52824.663.58$23,396
Apr 200207,10023.653.51$24,937
Mar 200206,01422.003.10$18,660
Feb 200203,05018.222.38$7,246
Jan 20021394,17817.172.38$12,312
Dec 200107,65716.932.36$18,104
Nov 200107,38218.072.41$17,758
Oct 20011310,58519.782.53$27,025
Sep 2001012,10224.262.25$27,245
Aug 200107,24324.873.05$22,114
Jul 2001011,36523.933.20$36,335
Jun 20011412,40924.563.82$47,798
May 2001014,53825.524.31$62,620
Apr 2001012,55324.685.34$66,974
Mar 20011912,15724.545.38$65,828
Feb 2001010,98527.755.77$63,351
Jan 20013911,34927.478.40$96,389
Dec 2000013,68526.889.12$124,841
Nov 2000011,95332.215.66$67,630
Oct 2000010,63231.235.15$54,707
Sep 200009,90331.875.19$51,362
Aug 2000013,08629.644.54$59,420
Jul 2000014,42328.534.09$58,986
Jun 2000014,51429.304.40$63,822
May 2000017,98027.263.68$66,162
Apr 2000020,93724.513.12$65,240
Mar 2000027,07228.422.86$77,419
Feb 2000027,07227.622.73$73,812
Jan 2000027,20525.272.48$67,482
Dec 1999033,80524.282.42$81,934
Nov 1999029,93323.192.43$72,857
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$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.

Nov 2022 — as filed, then multipliedworked
Condensate            17 bbl  × $ 85.00 =     $1,445
Gas                    0 Mcf  × $  5.65 =         $0

────────────────────────────────────────────────────
Month total                                   $1,445

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/174388 is the state's own key, not one this site invented.