VERA KATHLEEN

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

Gas lease lease 186156District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.3 M
Sep 2001 – Jul 2020
Value, last 12 filed months
$0
at the published price for each month
Months reported
227
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 385 leases and 385 wells, and the rule below applies to all of them.

Discovered
2004-02-24
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 2010-12-14.

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: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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 Gas112002-02-15145730
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
CondensateDisposition167 bbl$10,190
GasProduction2,330,551 Mcf$11,249,804
Total$11,259,993

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 31.4814, -96.1494. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.48139, -96.14936 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
14,670 ft
1 wells filed one
Completion to plug
17.5 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 14,670 ft.

Completions filed
Jan 2003
1 of 1 wells
Plug dates filed
Jul 2020
1 of 1 wells

Last completion to plug: a median of 17.5 years across the 1 well that filed both dates, with the middle half between 17.5 years and 17.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-16131956114,670 ftJan 2003Jul 2020Yes

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 (227)

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

227 months

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 201981058.482.74$4,737
Apr 2019034962.632.75$960
Mar 2019046056.803.06$1,409
Feb 20190050.852.79$0
Jan 201902046.033.23$65
Dec 20180246.594.19$8
Nov 2018025852.934.24$1,093
Oct 2018013361.443.40$452
Sep 2018023659.543.11$733
Aug 201802,15359.403.07$6,602
Jul 201801,50965.142.93$4,424
Jun 201802,14460.183.08$6,597
May 201801,05265.382.90$3,052
Apr 201802,72663.842.90$7,908
Mar 201803,03861.222.79$8,466
Feb 201801,83961.782.77$5,087
Jan 201801,51062.874.01$6,054
Dec 201701,81257.272.92$5,294
Nov 201701,26455.423.12$3,942
Oct 201701,77949.292.98$5,308
Sep 201702,17047.523.09$6,699
Aug 201701,99545.373.00$5,994
Jul 201702,16743.873.09$6,690
Jun 201701,74742.493.09$5,393
May 201701,41545.373.26$4,618
Apr 201701,49347.933.21$4,795
Mar 201703,89646.772.98$11,624
Feb 201702,95250.452.95$8,716
Jan 201703,56849.413.42$12,198
Dec 201601,23248.763.72$4,587
Nov 201614,02542.492.64$10,686
Oct 201605,13446.193.09$15,865
Sep 201604,29841.553.10$13,327
Aug 201603,99941.442.92$11,694
Jul 201602,29941.622.92$6,723
Jun 201602,75645.352.69$7,402
May 201605,12942.521.99$10,212
Apr 201603,80036.561.99$7,566
Mar 201605,52333.011.79$9,908
Feb 201604,56326.472.06$9,416
Jan 201604,83327.352.36$11,427
Dec 201523,62532.362.00$7,320
Nov 201505,22838.792.17$11,331
Oct 201513,17643.552.43$7,750
Sep 201501,81942.992.76$5,018
Aug 2015055640.162.87$1,597
Jul 2015030048.152.95$884
Jun 2015022856.152.88$657
May 201513,08255.212.96$9,164
Apr 201512,22849.822.71$6,080
Mar 201513,83142.892.93$11,286
Feb 201503,77444.662.98$11,232
Jan 201513,04843.433.10$9,494
Dec 201405,54054.693.59$19,896
Nov 201403,29170.464.25$13,993
Oct 201401,47178.303.90$5,738
Sep 201405,14686.164.05$20,818
Aug 201405,38489.394.04$21,725
Jul 201402,98596.564.18$12,476
Jun 201404,38498.164.74$20,766
May 201416,35894.734.73$30,146
Apr 201401,00195.944.81$4,814
Mar 201402,12095.895.06$10,720
Feb 201411,76097.406.19$10,995
Jan 201403,27790.404.86$15,929
Dec 201313,32191.824.35$14,553
Nov 201301,86888.853.74$6,983
Oct 201305,04497.423.78$19,063
Sep 20130914104.113.72$3,398
Aug 201302,617104.253.52$9,219
Jul 201333,836102.523.72$14,569
Jun 201325,20394.403.93$20,654
May 201304,23594.834.15$17,571
Apr 201304,00593.964.28$17,152
Mar 201314,53393.623.91$17,831
Feb 201303,50391.233.42$11,980
Jan 201304,26891.603.42$14,596
Dec 201201,25086.773.42$4,275
Nov 201212,66286.953.62$9,737
Oct 201202,89889.383.40$9,852
Sep 201242,45294.672.92$7,535
Aug 201203,90792.662.91$11,362
Jul 201214,91285.133.02$14,923
Jun 201203,98179.822.52$10,028
May 201213,33591.612.49$8,390
Apr 201203,027101.652.00$6,044
Mar 201213,317105.052.22$7,476
Feb 201204,346101.102.57$11,170
Jan 201215,18498.092.73$14,272
Dec 201114,69096.873.24$15,291
Nov 201104,56895.723.31$15,126
Oct 201104,47684.983.65$16,331
Sep 201116,80983.623.99$27,223
Aug 201121,89183.404.15$8,013
Jul 201141,90094.144.52$8,959
Jun 201121,95792.904.64$9,266
May 201102,14998.134.40$9,466
Apr 201112,346105.964.33$10,272
Mar 201107,51696.364.06$30,495
Feb 201102,47985.644.18$10,362
Jan 201113,93186.504.59$18,125
Dec 201005,43985.734.35$23,647
Nov 201024,09680.843.80$15,707
Oct 201004,32478.103.51$15,172
Sep 201003,98972.633.98$15,874
Aug 201004,60073.684.42$20,329
Jul 201036,19372.554.74$29,551
Jun 201013,66470.364.91$18,062
May 201014,69771.124.24$19,964
Apr 201002,80981.694.12$11,581
Mar 201004,68778.394.39$20,570
Feb 201005,46073.585.44$29,715
Jan 201003,47574.365.96$20,725
Dec 200909,42871.445.48$51,701
Nov 200902,07074.593.75$7,766
Oct 200903,96772.544.11$16,305
Sep 200914,50265.543.06$13,863
Aug 200916,48367.423.22$20,933
Jul 200907,73161.133.46$26,784
Jun 200905,04866.163.90$19,662
May 200907,34654.743.93$28,839
Apr 200907,13346.773.59$25,590
Mar 200906,92442.144.06$28,105
Feb 200904,74232.814.63$21,970
Jan 200908,85935.865.37$47,582
Dec 200808,98137.105.98$53,681
Nov 200809855.496.86$672
Oct 200809,64375.246.92$66,749
Sep 200804,929101.767.88$38,826
Aug 200808,331114.228.48$70,672
Jul 200806,534131.0811.39$74,419
Jun 200805,216131.3313.03$67,978
May 200807,467123.1711.57$86,425
Apr 2008110,088110.3110.45$105,579
Mar 200807,612101.909.66$73,563
Feb 200806,73292.538.77$59,044
Jan 200804,88090.388.21$40,044
Dec 200707,46188.337.30$54,480
Nov 200719,23791.677.29$67,445
Oct 200719,60782.856.92$66,582
Sep 200718,98275.846.24$56,161
Aug 200719,71069.066.39$62,096
Jul 200729,11070.906.39$58,336
Jun 200716,87762.007.55$51,973
May 200716,06358.747.85$47,631
Apr 200709,21959.617.81$71,956
Mar 200705,71056.927.30$41,694
Feb 200713,58255.108.22$29,485
Jan 200706,00650.306.73$40,401
Dec 200609,71656.656.92$67,220
Nov 200601,66854.207.62$12,706
Oct 200603,61654.906.01$21,746
Sep 200608,22460.085.04$41,426
Aug 2006012,33868.717.34$90,560
Jul 2006011,36369.376.34$72,073
Jun 200603,24166.286.38$20,690
May 2006011,06066.016.42$71,061
Apr 2006014,34564.397.36$105,586
Mar 2006013,56556.707.08$96,080
Feb 200606,54657.597.75$50,739
Jan 2006011,45560.598.93$102,331
Dec 2005011,07854.9413.42$148,616
Nov 2005115,30054.6910.59$162,057
Oct 2005015,64758.3413.80$215,862
Sep 200502161.4512.08$254
Aug 2005019,22861.519.80$188,374
Jul 2005015,64555.697.84$122,714
Jun 200501,56452.337.38$11,544
May 200502,02145.226.65$13,442
Apr 200503,03849.207.36$22,361
Mar 200501,87050.377.15$13,380
Feb 2005087145.226.31$5,498
Jan 200502,34743.166.32$14,838
Dec 200403,27839.866.75$22,130
Nov 200403,77445.286.33$23,891
Oct 200409,30049.706.52$60,590
Sep 2004018,74943.245.28$99,068
Aug 2004019,41142.375.55$107,744
Jul 2004022,50938.286.08$136,949
Jun 2004023,38336.106.43$150,423
May 2004025,27237.486.49$164,131
Apr 2004023,61234.475.86$138,330
Mar 2004028,40734.365.53$157,095
Feb 2004027,01532.455.51$148,842
Jan 2004027,91232.036.30$175,836
Dec 2003133,05030.266.30$208,299
Nov 2003036,05328.804.60$165,669
Oct 2003036,35728.174.76$173,046
Sep 2003242,77626.314.75$203,211
Aug 2003048,26729.765.13$247,596
Jul 2003042,22529.415.17$218,339
Jun 2003043,22428.565.98$258,607
May 2003152,47526.595.97$313,443
Apr 2003064,89826.675.41$350,922
Mar 2003083,34531.146.10$508,074
Feb 2003529,33533.487.93$232,673
Jan 20031415,93230.315.58$89,357
Dec 2002224,20826.914.85$117,554
Nov 200204,08024.664.14$16,879
Oct 2002130,52926.464.23$129,137
Sep 2002035,13827.443.64$127,734
Aug 2002242,41725.963.16$134,266
Jul 2002043,95624.583.06$134,583
Jun 2002045,57623.733.34$152,144
May 2002060,49224.663.58$216,803
Apr 2002061,25623.653.51$215,151
Mar 2002043,34122.003.10$134,475
Feb 2002041,18118.222.38$97,833
Jan 2002067,93517.172.38$161,392
Dec 2001099,56816.932.36$235,419
Nov 20010125,67918.072.41$302,323
Oct 2001036,93519.782.53$93,404
Sep 2001017,97324.262.25$40,463

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 2019 — as filed, then multipliedworked
Condensate            81 bbl  × $ 58.48 =     $4,737
Gas                    0 Mcf  × $  2.74 =         $0

────────────────────────────────────────────────────
Month total                                   $4,737

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/186156 is the state's own key, not one this site invented.