WORTHY GAS UNIT

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the FREESTONE (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 185338District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.4 M
Jul 2001 – May 2026
Value, last 12 filed months
$50 k
at the published price for each month
Months reported
299
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 960 leases and 960 wells, and the rule below applies to all of them.

Discovered
2006-02-28
as the register files it
Field class
Gas
the register's own label
Between wells
600 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 2016-11-15.

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: PLATS FOR INDIVIDUAL WELLS IN THE FIELD IF THEY CHOOSE.

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 Gas112001-12-03145087
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
CondensateDisposition717 bbl$35,856
GasProduction2,191,816 Mcf$10,332,070
Total$10,367,926

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 31.5037, -96.2413. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.50370, -96.24130 · 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
12,900 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 12,900 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-16132056412,900 ftMar 2006

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 (299)

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

299 months

May 202601,473106.413.05$4,487
Apr 202601,11998.932.87$3,211
Mar 2026082589.753.15$2,598
Feb 2026075663.503.75$2,835
Jan 202601,12759.138.00$9,014
Dec 202501,06856.664.41$4,713
Nov 202501,58858.593.93$6,235
Oct 202501,07859.383.30$3,563
Sep 2025095762.743.08$2,945
Aug 202501,37463.933.01$4,142
Jul 202501,87066.743.32$6,199
Jun 20250566.483.13$16
May 202501,24260.553.23$4,015
Apr 2025033162.363.54$1,173
Mar 20251572567.704.27$4,110
Feb 202501,57470.884.34$6,832
Jan 202501,23574.324.28$5,284
Dec 202401,71868.993.12$5,363
Nov 202401,37069.052.20$3,012
Oct 2024056271.372.28$1,282
Sep 2024022569.612.36$532
Aug 2024027375.632.06$563
Jul 202401,80179.932.15$3,866
Jun 2024012978.082.63$340
May 20240078.812.20$0
Apr 2024045784.451.66$758
Mar 2024069980.301.55$1,080
Feb 2024029776.091.78$530
Jan 2024039273.023.30$1,293
Dec 202301,51071.262.61$3,942
Nov 202301,48477.892.81$4,166
Oct 2023022085.443.09$679
Sep 2023081889.042.74$2,237
Aug 202301,09780.522.67$2,932
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 202322078.122.24$1,719
Mar 20230072.852.39$0
Feb 202304475.112.47$108
Jan 2023010576.533.39$356
Dec 202202,64276.415.73$15,136
Nov 202201,34185.005.65$7,572
Oct 202201,88987.185.86$11,077
Sep 202204,31784.888.16$35,243
Aug 202203,82094.529.13$34,866
Jul 202203,545101.587.54$26,737
Jun 20220705115.097.98$5,624
May 2022274,218109.378.43$38,524
Apr 202204,914104.226.84$33,600
Mar 202206,412108.885.08$32,550
Feb 202204,20791.054.86$20,441
Jan 202206,31581.844.54$28,655
Dec 202105,32571.323.90$20,763
Nov 202104,64977.435.24$24,346
Oct 202105,16779.795.71$29,524
Sep 2021355,46069.865.35$31,661
Aug 202104,01666.024.22$16,950
Jul 202102,83070.783.98$11,269
Jun 202104,90669.493.38$16,585
May 202104,85963.483.02$14,663
Apr 202104,62960.362.76$12,769
Mar 202105,03361.302.72$13,674
Feb 202104,29957.805.55$23,851
Jan 202105,45250.412.81$15,322
Dec 202003,98244.642.68$10,654
Nov 202004,37038.772.71$11,828
Oct 202006,83136.972.48$16,930
Sep 202002,52437.091.99$5,025
Aug 202003,19139.982.39$7,611
Jul 202001,57638.371.83$2,876
Jun 2020132,69634.901.69$5,011
May 202002,43816.921.81$4,424
Apr 202002,62914.751.80$4,744
Mar 202004,91130.341.86$9,116
Feb 202004,59749.881.98$9,105
Jan 202005,12357.252.09$10,731
Dec 2019090159.012.30$2,076
Nov 201909855.302.75$270
Oct 2019097353.472.42$2,353
Sep 201902,90155.052.66$7,709
Aug 201905,33053.112.30$12,282
Jul 201926,26956.272.46$15,535
Jun 201968,66252.782.49$21,895
May 201905,59458.482.74$15,329
Apr 201904,72562.632.75$12,997
Mar 201902,86956.803.06$8,785
Feb 201905,02350.852.79$14,025
Jan 201903,93146.033.23$12,690
Dec 201804,76946.594.19$19,960
Nov 2018104,75952.934.24$20,694
Oct 201806,32061.443.40$21,476
Sep 201806,22659.543.11$19,350
Aug 2018177,62859.403.07$24,402
Jul 201806,02865.142.93$17,673
Jun 201807,51060.183.08$23,108
May 2018134,27665.382.90$13,254
Apr 201807,53463.842.90$21,855
Mar 201806,95461.222.79$19,380
Feb 2018132,92361.782.77$8,889
Jan 201805,58462.874.01$22,388
Dec 201707,06257.272.92$20,632
Nov 201707,24355.423.12$22,586
Oct 2017107,77449.292.98$23,688
Sep 201705,24147.523.09$16,180
Aug 201707,84945.373.00$23,582
Jul 201706,91243.873.09$21,339
Jun 2017106,56842.493.09$20,702
May 201786,47745.373.26$21,500
Apr 201705,48647.933.21$17,619
Mar 2017125,46546.772.98$16,867
Feb 201705,17150.452.95$15,268
Jan 2017105,53749.413.42$19,424
Dec 201604,03648.763.72$15,025
Nov 201605,49442.492.64$14,528
Oct 201606,65546.193.09$20,566
Sep 2016178,29941.553.10$26,438
Aug 201608,38241.442.92$24,512
Jul 201608,88741.622.92$25,989
Jun 201668,45245.352.69$22,973
May 201608,57242.521.99$17,067
Apr 2016128,75236.561.99$17,864
Mar 201608,63933.011.79$15,498
Feb 201689,36026.472.06$19,527
Jan 201668,51927.352.36$20,306
Dec 201519,35432.362.00$18,754
Nov 201509,81438.792.17$21,270
Oct 201506,38843.552.43$15,501
Sep 201509,78642.992.76$26,994
Aug 201502,69340.162.87$7,736
Jul 2015074248.152.95$2,185
Jun 201502,21656.152.88$6,388
May 201509,46255.212.96$27,964
Apr 2015010349.822.71$279
Mar 201506242.892.93$182
Feb 201507744.662.98$229
Jan 2015033843.433.10$1,048
Dec 201401,27954.693.59$4,593
Nov 201401,36570.464.25$5,804
Oct 201401,27078.303.90$4,954
Sep 201401,38986.164.05$5,619
Aug 201401,53089.394.04$6,174
Jul 201401,34396.564.18$5,613
Jun 201401,19398.164.74$5,651
May 201401,21594.734.73$5,743
Apr 2014034695.944.81$1,664
Mar 201407995.895.06$399
Feb 2014010397.406.19$638
Jan 201403390.404.86$160
Dec 201307791.824.35$335
Nov 2013116688.853.74$709
Oct 2013010897.423.78$408
Sep 20130148104.113.72$550
Aug 20131112104.253.52$499
Jul 20130292102.523.72$1,086
Jun 201321,49294.403.93$6,057
May 201301,47594.834.15$6,120
Apr 201301,40293.964.28$6,004
Mar 201301,44393.623.91$5,646
Feb 2013091591.233.42$3,129
Jan 2013057991.603.42$1,980
Dec 2012020386.773.42$694
Nov 20120086.953.62$0
Oct 20121089.383.40$89
Sep 201204,55294.672.92$13,285
Aug 201204,79692.662.91$13,948
Jul 201204,58685.133.02$13,853
Jun 201204,71279.822.52$11,870
May 201204,94591.612.49$12,305
Apr 201204,984101.652.00$9,952
Mar 201204,545105.052.22$10,099
Feb 201204,643101.102.57$11,934
Jan 201204,92598.092.73$13,465
Dec 201104,34196.873.24$14,064
Nov 201104,22595.723.31$13,990
Oct 201103,97084.983.65$14,485
Sep 201103,64283.623.99$14,516
Aug 201114,27783.404.15$17,830
Jul 201104,32494.144.52$19,533
Jun 201114,37492.904.64$20,388
May 201105,12298.134.40$22,561
Apr 201132,796105.964.33$12,434
Mar 201103,65796.364.06$14,838
Feb 201163,71085.644.18$16,022
Jan 201135,32886.504.59$24,709
Dec 201034,92685.734.35$21,674
Nov 201044,86580.843.80$18,788
Oct 2010615,44678.103.51$54,667
Sep 20101212,55372.633.98$50,826
Aug 20102017,71373.684.42$79,754
Jul 20101016,17872.554.74$77,352
Jun 2010013,47170.364.91$66,148
May 2010417,77571.124.24$75,566
Apr 2010114,91881.694.12$61,584
Mar 2010068678.394.39$3,011
Feb 20102073.585.44$147
Jan 2010154774.365.96$3,337
Dec 200901,52171.445.48$8,341
Nov 200911,33274.593.75$5,072
Oct 200902,92872.544.11$12,035
Sep 200904,64465.543.06$14,233
Aug 200915,75167.423.22$18,577
Jul 200908,19361.133.46$28,385
Jun 200924,79166.163.90$18,793
May 200913,16154.743.93$12,464
Apr 200925,63246.773.59$20,298
Mar 200942,85642.144.06$11,761
Feb 200934,94832.814.63$23,023
Jan 200964,70735.865.37$25,496
Dec 200806,84737.105.98$40,925
Nov 200806,49655.496.86$44,565
Oct 200807,33075.246.92$50,738
Sep 200807,765101.767.88$61,166
Aug 200803,151114.228.48$26,730
Jul 200802,688131.0811.39$30,615
Jun 200802,939131.3313.03$38,303
May 200804,395123.1711.57$50,869
Apr 200807,323110.3110.45$76,561
Mar 200804,519101.909.66$43,672
Feb 200802,14592.538.77$18,813
Jan 200804,02590.388.21$33,028
Dec 200705,10888.337.30$37,298
Nov 200705,36491.677.29$39,113
Oct 200704,46182.856.92$30,879
Sep 200706,04975.846.24$37,771
Aug 200709,09169.066.39$58,073
Jul 200709,88770.906.39$63,158
Jun 200706,82562.007.55$51,518
May 200708,42258.747.85$66,081
Apr 200758,48259.617.81$66,502
Mar 2007812,25756.927.30$89,956
Feb 200718,35355.108.22$68,683
Jan 2007711,85050.306.73$80,065
Dec 2006814,69656.656.92$102,127
Nov 2006511,01854.207.62$84,200
Oct 200629,57954.906.01$57,716
Sep 200609,49160.085.04$47,808
Aug 2006012,68868.717.34$93,129
Jul 2006013,52769.376.34$85,799
Jun 2006010,90766.286.38$69,629
May 2006011,89166.016.42$76,400
Apr 2006010,05164.397.36$73,980
Mar 2006014,70756.707.08$104,169
Feb 2006013,73857.597.75$106,485
Jan 2006011,42260.598.93$102,036
Dec 2005012,62654.9413.42$169,383
Nov 2005013,95454.6910.59$147,751
Oct 2005012,45558.3413.80$171,826
Sep 2005011,42961.4512.08$138,051
Aug 2005012,08461.519.80$118,385
Jul 2005018,83155.697.84$147,704
Jun 2005016,97452.337.38$125,286
May 2005013,55645.226.65$90,163
Apr 2005311,53349.207.36$85,036
Mar 2005129,56150.377.15$69,012
Feb 200535,36345.226.31$33,986
Jan 200559,37243.166.32$59,467
Dec 200437,32839.866.75$49,591
Nov 200437,88645.286.33$50,058
Oct 200405,43049.706.52$35,377
Sep 2004123,73043.245.28$20,228
Aug 20042513,78442.375.55$77,570
Jul 20042411,40638.286.08$70,315
Jun 20045714,96936.106.43$98,354
May 20044816,71437.486.49$110,349
Apr 2004013,78034.475.86$80,730
Mar 2004015,91134.365.53$87,990
Feb 2004012,07332.455.51$66,518
Jan 2004017,28732.036.30$108,902
Dec 2003021,18630.266.30$133,507
Nov 2003015,80028.804.60$72,604
Oct 200305,98928.174.76$28,505
Sep 2003015,63026.314.75$74,233
Aug 2003016,22329.765.13$83,219
Jul 2003019,30829.415.17$99,839
Jun 2003022,33528.565.98$133,629
May 2003030,61026.595.97$182,824
Apr 2003036,35326.675.41$196,571
Mar 200309,28731.146.10$56,614
Feb 200309,50733.487.93$75,351
Jan 2003022,89530.315.58$127,801
Dec 2002018,01726.914.85$87,450
Nov 2002025,04224.664.14$103,598
Oct 2002026,27026.464.23$111,099
Sep 2002027,29327.443.64$99,216
Aug 2002036,02025.963.16$113,973
Jul 2002036,81824.583.06$112,728
Jun 2002038,70523.733.34$129,207
May 2002059,49124.663.58$213,216
Apr 2002060,36223.653.51$212,011
Mar 20026765,58922.003.10$204,978
Feb 2002215,43318.222.38$13,290
Jan 200201,29417.172.38$3,074
Dec 200102,17716.932.36$5,147
Nov 2001045,84018.072.41$110,269
Oct 2001014,27119.782.53$36,090
Sep 2001042,42724.262.25$95,517
Aug 20012371,06524.873.05$217,545
Jul 200104,48323.933.20$14,333

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                1,473 Mcf  × $  3.05 =     $4,487

────────────────────────────────────────────────────
Month total                                   $4,487

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/185338 is the state's own key, not one this site invented.