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 196684District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$14.3 M
Jun 2003 – May 2026
Value, last 12 filed months
$128 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 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 Gas112004-06-21157834
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
CondensateDisposition353 bbl$22,576
GasProduction2,431,870 Mcf$14,244,591
Total$14,267,166

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 31.4950, -96.2466. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.49500, -96.24661 · 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
13,040 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 13,040 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-161324311713,040 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 (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 202603,014106.413.05$9,180
Apr 202603,73398.932.87$10,713
Mar 202602,42289.753.15$7,628
Feb 202601,87463.503.75$7,028
Jan 202603,14859.138.00$25,177
Dec 202502,57256.664.41$11,351
Nov 202502,71658.593.93$10,664
Oct 202502,82759.383.30$9,343
Sep 202501,67362.743.08$5,148
Aug 202505,04063.933.01$15,194
Jul 202502,95366.743.32$9,790
Jun 202502,30366.483.13$7,205
May 202502,22160.553.23$7,179
Apr 202501,57062.363.54$5,563
Mar 2025151,88667.704.27$9,066
Feb 202503,25870.884.34$14,142
Jan 202503,44674.324.28$14,744
Dec 202404,28768.993.12$13,381
Nov 202402,00769.052.20$4,412
Oct 202403,58771.372.28$8,183
Sep 202401,40669.612.36$3,324
Aug 202402,51375.632.06$5,186
Jul 202401,23679.932.15$2,653
Jun 202401,40378.082.63$3,695
May 20240078.812.20$0
Apr 2024071084.451.66$1,178
Mar 202401,77380.301.55$2,740
Feb 202401,42876.091.78$2,547
Jan 202401,61773.023.30$5,332
Dec 202302,13671.262.61$5,577
Nov 202302,11577.892.81$5,938
Oct 2023091685.443.09$2,828
Sep 2023066989.042.74$1,830
Aug 2023078680.522.67$2,101
Jul 2023081774.852.64$2,158
Jun 202301,42268.962.26$3,212
May 202301,38870.622.23$3,092
Apr 2023101,44278.122.24$4,008
Mar 2023063472.852.39$1,517
Feb 202301,12475.112.47$2,771
Jan 202301,22276.533.39$4,140
Dec 2022091276.415.73$5,225
Nov 2022071885.005.65$4,054
Oct 202201,90387.185.86$11,159
Sep 202201,70484.888.16$13,911
Aug 202203,63094.529.13$33,132
Jul 202201,623101.587.54$12,241
Jun 202201,954115.097.98$15,587
May 2022101,203109.378.43$11,239
Apr 202201,234104.226.84$8,438
Mar 202203,271108.885.08$16,605
Feb 202202,31091.054.86$11,224
Jan 202203,99681.844.54$18,133
Dec 202102,41671.323.90$9,420
Nov 202103,46777.435.24$18,156
Oct 202101,80779.795.71$10,325
Sep 202153,88869.865.35$21,154
Aug 202102,57466.024.22$10,864
Jul 202101,58270.783.98$6,300
Jun 202103,39469.493.38$11,474
May 202101,52763.483.02$4,608
Apr 202101,36960.362.76$3,776
Mar 202101,01661.302.72$2,760
Feb 202101,15957.805.55$6,430
Jan 202101,34750.412.81$3,785
Dec 202001,78844.642.68$4,784
Nov 202001,14538.772.71$3,099
Oct 202002,11536.972.48$5,242
Sep 202002,29637.091.99$4,571
Aug 202003,42139.982.39$8,159
Jul 202004,70338.371.83$8,584
Jun 202053,79434.901.69$6,588
May 202002,11116.921.81$3,831
Apr 202003,67714.751.80$6,635
Mar 202002,49430.341.86$4,629
Feb 202002,18949.881.98$4,336
Jan 202003,07957.252.09$6,450
Dec 201902,64459.012.30$6,093
Nov 201902,54055.302.75$6,987
Oct 201901,18953.472.42$2,876
Sep 2019051555.052.66$1,369
Aug 201901,11053.112.30$2,558
Jul 201972,12856.272.46$5,629
Jun 2019799452.782.49$2,846
May 201901,20658.482.74$3,305
Apr 2019037362.632.75$1,026
Mar 201902,44356.803.06$7,481
Feb 201902,51650.852.79$7,025
Jan 201901,31146.033.23$4,232
Dec 201803,25746.594.19$13,632
Nov 2018394752.934.24$4,171
Oct 201802,65261.443.40$9,012
Sep 201801,98259.543.11$6,160
Aug 201871,14859.403.07$3,936
Jul 201801,62465.142.93$4,761
Jun 201802,05360.183.08$6,317
May 201832,27065.382.90$6,781
Apr 201801,92563.842.90$5,584
Mar 201803,52461.222.79$9,821
Feb 201824,70061.782.77$13,124
Jan 201802,62462.874.01$10,520
Dec 201701,31057.272.92$3,827
Nov 2017060155.423.12$1,874
Oct 201731,37049.292.98$4,236
Sep 201701,24547.523.09$3,844
Aug 201701,55845.373.00$4,681
Jul 201701,09143.873.09$3,368
Jun 201741,16842.493.09$3,776
May 201733,32245.373.26$10,977
Apr 201702,78347.933.21$8,938
Mar 201723,30146.772.98$9,943
Feb 201702,30450.452.95$6,803
Jan 201731,60649.413.42$5,639
Dec 201602,10848.763.72$7,848
Nov 201603,00442.492.64$7,944
Oct 201602,63846.193.09$8,152
Sep 2016173,03441.553.10$10,114
Aug 201603,71541.442.92$10,864
Jul 201604,82841.622.92$14,119
Jun 201643,31045.352.69$9,072
May 201603,09342.521.99$6,158
Apr 201642,92236.561.99$5,964
Mar 201603,11333.011.79$5,585
Feb 201633,35726.472.06$7,007
Jan 201623,02927.352.36$7,216
Dec 201514,53932.362.00$9,117
Nov 201504,17938.792.17$9,057
Oct 201505,63443.552.43$13,671
Sep 201503,80642.992.76$10,499
Aug 201505,24940.162.87$15,078
Jul 201505,03248.152.95$14,820
Jun 201504,23856.152.88$12,218
May 201504,91355.212.96$14,520
Apr 201503,23349.822.71$8,750
Mar 201504,58442.892.93$13,453
Feb 201505,50744.662.98$16,390
Jan 201504,41343.433.10$13,683
Dec 201403,88754.693.59$13,960
Nov 201403,56770.464.25$15,166
Oct 201413,81478.303.90$14,957
Sep 201403,03686.164.05$12,282
Aug 201403,72789.394.04$15,039
Jul 201403,44896.564.18$14,411
Jun 201404,69798.164.74$22,249
May 201405,94994.734.73$28,118
Apr 201404,55595.944.81$21,906
Mar 201404,67295.895.06$23,625
Feb 201403,36397.406.19$20,824
Jan 201405,27390.404.86$25,631
Dec 201314,59791.824.35$20,109
Nov 201344,68888.853.74$17,880
Oct 201344,56597.423.78$17,642
Sep 201303,705104.113.72$13,774
Aug 201344,301104.253.52$15,568
Jul 201304,235102.523.72$15,745
Jun 201383,77994.403.93$15,620
May 201303,31094.834.15$13,733
Apr 201323,22693.964.28$14,004
Mar 201303,95093.623.91$15,456
Feb 201303,40891.233.42$11,655
Jan 201324,93691.603.42$17,064
Dec 201213,59986.773.42$12,396
Nov 201204,27186.953.62$15,482
Oct 201213,49889.383.40$11,981
Sep 201206,55394.672.92$19,124
Aug 201203,90892.662.91$11,365
Jul 201206,18485.133.02$18,681
Jun 201207,31979.822.52$18,437
May 201207,49291.612.49$18,642
Apr 201206,551101.652.00$13,081
Mar 201205,582105.052.22$12,404
Feb 201205,302101.102.57$13,627
Jan 201205,94698.092.73$16,257
Dec 201106,19896.873.24$20,080
Nov 201105,92195.723.31$19,606
Oct 201106,47484.983.65$23,621
Sep 201105,61583.623.99$22,380
Aug 201112,91983.404.15$12,195
Jul 201106,63994.144.52$29,990
Jun 201115,84392.904.64$27,204
May 201106,57798.134.40$28,971
Apr 201135,931105.964.33$26,019
Mar 201104,95396.364.06$20,096
Feb 201155,28185.644.18$22,503
Jan 201136,82786.504.59$31,587
Dec 201035,02285.734.35$22,092
Nov 201015,75380.843.80$21,915
Oct 201037,24578.103.51$25,656
Sep 201045,81172.633.98$23,415
Aug 201095,41773.684.42$24,603
Jul 2010104,59172.554.74$22,471
Jun 201005,53170.364.91$27,159
May 201057,03271.124.24$30,138
Apr 201065,34781.694.12$22,534
Mar 201056,41178.394.39$28,528
Feb 201096,46873.585.44$35,863
Jan 201057,41574.365.96$44,596
Dec 200907,19671.445.48$39,461
Nov 200937,93674.593.75$29,996
Oct 200908,67172.544.11$35,640
Sep 200909,40865.543.06$28,833
Aug 200928,81667.423.22$28,509
Jul 200909,51561.133.46$32,965
Jun 200948,12166.163.90$31,896
May 200938,68854.743.93$34,271
Apr 200958,82546.773.59$31,894
Mar 200979,92842.144.06$40,593
Feb 200938,62732.814.63$40,067
Jan 200995,58935.865.37$30,341
Dec 200809,76537.105.98$58,367
Nov 2008010,10455.496.86$69,317
Oct 200809,65275.246.92$66,811
Sep 2008010,263101.767.88$80,843
Aug 2008012,441114.228.48$105,537
Jul 2008014,480131.0811.39$164,919
Jun 2008012,455131.3313.03$162,321
May 2008013,024123.1711.57$150,744
Apr 2008011,342110.3110.45$118,579
Mar 2008010,760101.909.66$103,985
Feb 2008011,55892.538.77$101,370
Jan 200808,99790.388.21$73,827
Dec 2007010,05488.337.30$73,414
Nov 2007011,54491.677.29$84,175
Oct 2007011,89082.856.92$82,302
Sep 2007011,67675.846.24$72,907
Aug 2007012,06269.066.39$77,051
Jul 2007013,67770.906.39$87,368
Jun 2007014,79362.007.55$111,664
May 2007015,80158.747.85$123,979
Apr 2007116,28159.617.81$127,136
Mar 2007116,43656.927.30$120,072
Feb 2007114,64855.108.22$120,403
Jan 2007021,12550.306.73$142,105
Dec 2006220,18756.656.92$139,776
Nov 2006116,67254.207.62$127,053
Oct 2006819,75954.906.01$119,266
Sep 20061019,16060.085.04$97,114
Aug 20061013,76468.717.34$101,714
Jul 20061111,20269.376.34$71,815
Jun 20061617,54166.286.38$113,040
May 20061719,71866.016.42$127,810
Apr 2006018,38464.397.36$135,315
Mar 2006019,15256.707.08$135,652
Feb 2006018,15757.597.75$140,737
Jan 2006019,99160.598.93$178,586
Dec 2005021,51654.9413.42$288,646
Nov 2005026,21954.6910.59$277,617
Oct 2005025,64958.3413.80$353,847
Sep 2005023,54761.4512.08$284,424
Aug 2005025,86161.519.80$253,356
Jul 2005025,38155.697.84$199,079
Jun 2005023,72352.337.38$175,100
May 2005026,21145.226.65$174,334
Apr 2005026,88349.207.36$197,872
Mar 2005030,13950.377.15$215,641
Feb 2005028,11445.226.31$177,453
Jan 2005030,02343.166.32$189,811
Dec 2004029,73039.866.75$200,710
Nov 2004027,31545.286.33$172,915
Oct 2004036,79749.706.52$239,736
Sep 2004033,69743.245.28$178,052
Aug 2004041,17142.375.55$228,526
Jul 2004037,23838.286.08$226,563
Jun 2004014,77336.106.43$95,035
May 2004021,87937.486.49$142,095
Apr 2004028,61034.475.86$167,611
Mar 2004023,41334.365.53$129,477
Feb 2004031,09032.455.51$171,294
Jan 2004044,85432.036.30$282,564
Dec 2003070,26330.266.30$442,772
Nov 200318108,15528.804.60$497,508
Oct 20030126,77828.174.76$603,418
Sep 2003010,38626.314.75$49,327
Aug 2003022,15829.765.13$113,664
Jul 2003056,78629.415.17$293,631
Jun 2003098,64028.565.98$590,159

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                3,014 Mcf  × $  3.05 =     $9,180

────────────────────────────────────────────────────
Month total                                   $9,180

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/196684 is the state's own key, not one this site invented.