IVY, JIM

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

Gas lease lease 196569District 05Field 644092102 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.1 M
Jun 2003 – May 2026
Value, last 12 filed months
$41 k
at the published price for each month
Months reported
276
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 300 leases and 300 wells, and the rule below applies to all of them.

Discovered
2002-10-08
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 2016-10-11.

The Commission's schedule remark for this field reads: BETWEEN WELL SPACING.

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 Gas112003-11-05152688
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 bbl$107
GasProduction535,356 Mcf$3,136,085
Total$3,136,192

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 31.7013, -96.0882. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.70134, -96.08818 · 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
12,894 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 12,894 ft.

Completions filed
Jun 2003
1 of 1 wells

1 well

42-16132615212,894 ftJun 2003

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 (276)

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

276 months

May 20260305106.413.05$929
Apr 20260098.932.87$0
Mar 2026021989.753.15$690
Feb 2026041263.503.75$1,545
Jan 2026052559.138.00$4,199
Dec 202501,40756.664.41$6,210
Nov 2025060358.593.93$2,368
Oct 2025060159.383.30$1,986
Sep 202501,64262.743.08$5,052
Aug 202501,98863.933.01$5,993
Jul 202502,43166.743.32$8,059
Jun 202501,10966.483.13$3,470
May 2025056360.553.23$1,820
Apr 2025054862.363.54$1,942
Mar 2025021767.704.27$926
Feb 2025036170.884.34$1,567
Jan 2025069074.324.28$2,952
Dec 2024095868.993.12$2,990
Nov 202401,10369.052.20$2,425
Oct 202401,37471.372.28$3,135
Sep 202402,11069.612.36$4,989
Aug 202403,56775.632.06$7,361
Jul 202402,83979.932.15$6,094
Jun 202402,04378.082.63$5,381
May 20240078.812.20$0
Apr 2024018484.451.66$305
Mar 2024083980.301.55$1,296
Feb 202401,48376.091.78$2,645
Jan 202401,42473.023.30$4,696
Dec 202302,01771.262.61$5,266
Nov 202302,23877.892.81$6,283
Oct 202301,73785.443.09$5,363
Sep 2023076789.042.74$2,098
Aug 2023094680.522.67$2,529
Jul 202301,11874.852.64$2,954
Jun 202302,14468.962.26$4,842
May 202301,97870.622.23$4,406
Apr 202302,51978.122.24$5,637
Mar 202303,16272.852.39$7,567
Feb 2023087075.112.47$2,145
Jan 202301,09376.533.39$3,703
Dec 202201,20376.415.73$6,892
Nov 202201,24185.005.65$7,007
Oct 202201,88187.185.86$11,030
Sep 202201,88784.888.16$15,405
Aug 202203,73794.529.13$34,108
Jul 202205,286101.587.54$39,867
Jun 20220178115.097.98$1,420
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 20220172108.885.08$873
Feb 2022048291.054.86$2,342
Jan 2022012881.844.54$581
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 2021027169.865.35$1,450
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 2021030469.493.38$1,028
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 202102950.412.81$82
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 2020016136.972.48$399
Sep 202003337.091.99$66
Aug 2020012939.982.39$308
Jul 202005638.371.83$102
Jun 20200034.901.69$0
May 202005316.921.81$96
Apr 202002114.751.80$38
Mar 20200030.341.86$0
Feb 202003349.881.98$65
Jan 202006657.252.09$138
Dec 20190859.012.30$18
Nov 201903755.302.75$102
Oct 201905153.472.42$123
Sep 201905855.052.66$154
Aug 2019017853.112.30$410
Jul 201908056.272.46$197
Jun 2019010752.782.49$267
May 201905758.482.74$156
Apr 2019037162.632.75$1,021
Mar 2019016656.803.06$508
Feb 2019027450.852.79$765
Jan 2019015146.033.23$487
Dec 2018036746.594.19$1,536
Nov 2018043752.934.24$1,852
Oct 2018056261.443.40$1,910
Sep 2018084059.543.11$2,611
Aug 2018055759.403.07$1,708
Jul 2018031065.142.93$909
Jun 2018025760.183.08$791
May 2018080565.382.90$2,335
Apr 2018035463.842.90$1,027
Mar 2018065561.222.79$1,825
Feb 2018087461.782.77$2,418
Jan 201801,40762.874.01$5,641
Dec 201701,01957.272.92$2,977
Nov 201701,77455.423.12$5,532
Oct 2017099849.292.98$2,978
Sep 2017063147.523.09$1,948
Aug 201701,30445.373.00$3,918
Jul 201701,16143.873.09$3,584
Jun 2017059042.493.09$1,822
May 2017059445.373.26$1,938
Apr 2017072947.933.21$2,341
Mar 201701,21346.772.98$3,619
Feb 2017064450.452.95$1,901
Jan 201711,76449.413.42$6,080
Dec 201602,58648.763.72$9,627
Nov 201601,36042.492.64$3,596
Oct 201601,32946.193.09$4,107
Sep 201601,69541.553.10$5,256
Aug 201602,75341.442.92$8,051
Jul 201601,70141.622.92$4,974
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 201606426.472.06$132
Jan 2016018427.352.36$435
Dec 2015033332.362.00$666
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 2015025456.152.88$732
May 20150155.212.96$3
Apr 20150049.822.71$0
Mar 2015014942.892.93$437
Feb 20150044.662.98$0
Jan 2015041743.433.10$1,293
Dec 2014059154.693.59$2,122
Nov 20140070.464.25$0
Oct 201407878.303.90$304
Sep 201401,05186.164.05$4,252
Aug 201407789.394.04$311
Jul 201408196.564.18$339
Jun 2014055198.164.74$2,610
May 201401,11494.734.73$5,265
Apr 2014092695.944.81$4,453
Mar 201401,82095.895.06$9,203
Feb 201401,39097.406.19$8,607
Jan 2014031090.404.86$1,507
Dec 201301291.824.35$52
Nov 20130188.853.74$4
Oct 201303197.423.78$117
Sep 2013068104.113.72$253
Aug 2013082104.253.52$289
Jul 20130232102.523.72$863
Jun 2013090494.403.93$3,556
May 2013059994.834.15$2,485
Apr 201301,16593.964.28$4,989
Mar 2013094893.623.91$3,709
Feb 201301,07691.233.42$3,680
Jan 201301,21291.603.42$4,145
Dec 2012047286.773.42$1,614
Nov 201201,11286.953.62$4,031
Oct 201201,35689.383.40$4,610
Sep 2012096894.672.92$2,825
Aug 201201,27792.662.91$3,714
Jul 201202,67985.133.02$8,093
Jun 2012015379.822.52$385
May 2012032791.612.49$814
Apr 20120192101.652.00$383
Mar 201201,889105.052.22$4,198
Feb 20120591101.102.57$1,519
Jan 201201,47598.092.73$4,033
Dec 201101,52296.873.24$4,931
Nov 201101,89895.723.31$6,285
Oct 201101,28484.983.65$4,685
Sep 201101,51983.623.99$6,054
Aug 201101,65383.404.15$6,859
Jul 2011066894.144.52$3,018
Jun 201101,60892.904.64$7,461
May 201101,73398.134.40$7,634
Apr 201101,847105.964.33$8,004
Mar 201101,71596.364.06$6,958
Feb 201101,42985.644.18$5,973
Jan 201101,60286.504.59$7,351
Dec 201001,98185.734.35$8,613
Nov 201002,51480.843.80$9,541
Oct 201002,31978.103.51$8,137
Sep 2010079872.633.98$3,176
Aug 201001,39573.684.42$6,165
Jul 201001,21072.554.74$5,731
Jun 2010091370.364.91$4,483
May 2010097671.124.24$4,134
Apr 201001,50381.694.12$6,196
Mar 201002,69178.394.39$11,810
Feb 201001,71973.585.44$9,355
Jan 201001,32274.365.96$7,885
Dec 200901,15371.445.48$6,323
Nov 200901,57474.593.75$5,905
Oct 200901,39772.544.11$5,742
Sep 200901,50965.543.06$4,625
Aug 200901,72167.423.22$5,539
Jul 200901,92061.133.46$6,652
Jun 200901,79366.163.90$6,984
May 200901,84354.743.93$7,235
Apr 200901,63246.773.59$5,855
Mar 200901,66842.144.06$6,770
Feb 200901,86532.814.63$8,641
Jan 200901,89435.865.37$10,173
Dec 200801,80437.105.98$10,783
Nov 200802,64855.496.86$18,166
Oct 200802,64975.246.92$18,336
Sep 200801,772101.767.88$13,958
Aug 200801,829114.228.48$15,515
Jul 200801,693131.0811.39$19,282
Jun 200801,621131.3313.03$21,126
May 200802,724123.1711.57$31,528
Apr 200802,641110.3110.45$27,611
Mar 200802,641101.909.66$25,523
Feb 200802,99492.538.77$26,259
Jan 200803,35890.388.21$27,555
Dec 200703,22388.337.30$23,534
Nov 200702,63991.677.29$19,243
Oct 200702,60782.856.92$18,046
Sep 200702,61475.846.24$16,322
Aug 200702,76169.066.39$17,637
Jul 200703,35070.906.39$21,400
Jun 200704,83662.007.55$36,504
May 200703,81458.747.85$29,926
Apr 200702,51259.617.81$19,607
Mar 20070056.927.30$0
Feb 200706,68755.108.22$54,940
Jan 200702,72250.306.73$18,310
Dec 200604,26956.656.92$29,535
Nov 200602,65054.207.62$20,186
Oct 200601,54054.906.01$9,261
Sep 200604,46660.085.04$22,496
Aug 200604,00568.717.34$29,396
Jul 200603,91669.376.34$24,838
Jun 200603,67866.286.38$23,480
May 200604,71966.016.42$30,320
Apr 200603,10164.397.36$22,825
Mar 200604,93556.707.08$34,954
Feb 200613,40957.597.75$26,481
Jan 200604,96460.598.93$44,345
Dec 200505,62754.9413.42$75,488
Nov 200505,37354.6910.59$56,891
Oct 200504,85858.3413.80$67,020
Sep 200505,17961.4512.08$62,557
Aug 200506,19761.519.80$60,711
Jul 200504,13855.697.84$32,457
Jun 200505,51952.337.38$40,736
May 200505,74745.226.65$38,224
Apr 200505,46249.207.36$40,203
Mar 200505,63550.377.15$40,318
Feb 200506,87345.226.31$43,382
Jan 200506,01143.166.32$38,003
Dec 200407,91839.866.75$53,455
Nov 200407,00845.286.33$44,364
Oct 200407,42849.706.52$48,394
Sep 200406,22143.245.28$32,871
Aug 200405,84942.375.55$32,466
Jul 200407,39638.286.08$44,999
Jun 200407,78936.106.43$50,107
May 2004012,67737.486.49$82,332
Apr 200409,24634.475.86$54,167
Mar 200408,07234.365.53$44,639
Feb 2004010,02332.455.51$55,223
Jan 2004011,80432.036.30$74,361
Dec 200306,32130.266.30$39,833
Nov 200309,99628.804.60$45,933
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 2003014,38429.765.13$73,786
Jul 2003022,79229.415.17$117,854
Jun 2003013,72928.565.98$82,140

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                  305 Mcf  × $  3.05 =       $929

────────────────────────────────────────────────────
Month total                                     $929

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/196569 is the state's own key, not one this site invented.