MITCHELL-WILLIAMS TRUST

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

Gas lease lease 197935District 05Field 548762252 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.6 M
May 2003 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
277
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 77 leases and 77 wells, and the rule below applies to all of them.

Discovered
1990-04-21
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 01/01/2000.

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 Gas112003-12-16153944
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
CondensateDisposition1,501 bbl$57,739
GasProduction260,735 Mcf$1,574,653
Total$1,632,393

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 31.8517, -96.2040. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.85166, -96.20402 · 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
12,031 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 12,031 ft.

Completions filed
May 2003
1 of 1 wells

1 well

42-16132506212,031 ftMay 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 (277)

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

277 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 202408069.612.36$189
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 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
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 202001430.341.86$26
Feb 202006649.881.98$131
Jan 202004257.252.09$88
Dec 2019013059.012.30$300
Nov 2019010655.302.75$292
Oct 201905153.472.42$123
Sep 201909055.052.66$239
Aug 201906053.112.30$138
Jul 201901956.272.46$47
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 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20169041.442.92$373
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20151132.362.00$34
Nov 20153338.792.17$123
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 201502449.822.71$65
Mar 201509242.892.93$270
Feb 201507444.662.98$220
Jan 201509043.433.10$279
Dec 201409754.693.59$348
Nov 201406070.464.25$255
Oct 2014010878.303.90$421
Sep 201409986.164.05$401
Aug 2014016589.394.04$666
Jul 2014024096.564.18$1,003
Jun 2014014998.164.74$706
May 2014515694.734.73$1,211
Apr 2014017995.944.81$861
Mar 2014018895.895.06$951
Feb 2014014397.406.19$885
Jan 2014023490.404.86$1,137
Dec 2013023791.824.35$1,032
Nov 2013026988.853.74$1,006
Oct 2013025997.423.78$979
Sep 20130254104.113.72$944
Aug 20130177104.253.52$624
Jul 20130123102.523.72$457
Jun 2013015394.403.93$602
May 2013017394.834.15$718
Apr 2013015493.964.28$660
Mar 2013017393.623.91$677
Feb 20131622791.233.42$2,236
Jan 2013018791.603.42$640
Dec 2012032486.773.42$1,108
Nov 2012017286.953.62$623
Oct 2012016789.383.40$568
Sep 2012018394.672.92$534
Aug 2012014292.662.91$413
Jul 2012017985.133.02$541
Jun 2012017379.822.52$436
May 2012026291.612.49$652
Apr 20120250101.652.00$499
Mar 20120346105.052.22$769
Feb 20120345101.102.57$887
Jan 20122627498.092.73$3,299
Dec 2011016096.873.24$518
Nov 2011015395.723.31$507
Oct 2011021384.983.65$777
Sep 2011015483.623.99$614
Aug 201108983.404.15$369
Jul 2011030594.144.52$1,378
Jun 2011030392.904.64$1,406
May 2011032498.134.40$1,427
Apr 20110360105.964.33$1,560
Mar 2011053696.364.06$2,175
Feb 20112528785.644.18$3,341
Jan 2011029486.504.59$1,349
Dec 2010033885.734.35$1,470
Nov 2010026780.843.80$1,013
Oct 2010033178.103.51$1,161
Sep 2010055772.633.98$2,217
Aug 2010073173.684.42$3,231
Jul 2010051172.554.74$2,420
Jun 2010064070.364.91$3,143
May 2010061571.124.24$2,605
Apr 2010057981.694.12$2,387
Mar 2010039578.394.39$1,734
Feb 2010049173.585.44$2,672
Jan 2010070974.365.96$4,229
Dec 2009067371.445.48$3,691
Nov 20091684774.593.75$4,371
Oct 2009063372.544.11$2,602
Sep 2009046165.543.06$1,413
Aug 200901,10667.423.22$3,560
Jul 200901,13261.133.46$3,922
Jun 200901,21866.163.90$4,744
May 2009086154.743.93$3,380
Apr 2009046146.773.59$1,654
Mar 2009064542.144.06$2,618
Feb 2009061932.814.63$2,868
Jan 2009080835.865.37$4,340
Dec 20082273037.105.98$5,180
Nov 2008030955.496.86$2,120
Oct 2008029775.246.92$2,056
Sep 20080906101.767.88$7,137
Aug 200801,054114.228.48$8,941
Jul 200801,146131.0811.39$13,052
Jun 20080749131.3313.03$9,761
May 20081748123.1711.57$8,781
Apr 20080714110.3110.45$7,465
Mar 20080656101.909.66$6,340
Feb 20081861192.538.77$7,024
Jan 2008053190.388.21$4,357
Dec 20071863788.337.30$6,241
Nov 2007099891.677.29$7,277
Oct 2007076382.856.92$5,281
Sep 2007097075.846.24$6,057
Aug 200701,30469.066.39$8,330
Jul 200701,22570.906.39$7,825
Jun 2007681,02762.007.55$11,968
May 200721,28358.747.85$10,184
Apr 200711,33859.617.81$10,503
Mar 200721,50756.927.30$11,118
Feb 2007481,87555.108.22$18,050
Jan 200702,30050.306.73$15,472
Dec 200601,06356.656.92$7,354
Nov 2006081054.207.62$6,170
Oct 2006064854.906.01$3,897
Sep 2006864560.085.04$3,730
Aug 2006082068.717.34$6,019
Jul 2006068169.376.34$4,319
Jun 2006060566.286.38$3,862
May 2006061766.016.42$3,964
Apr 2006096264.397.36$7,081
Mar 200601,22056.707.08$8,641
Feb 2006098957.597.75$7,666
Jan 200601,24360.598.93$11,104
Dec 200501,63154.9413.42$21,881
Nov 200501,87154.6910.59$19,811
Oct 200502,38358.3413.80$32,875
Sep 200501,74661.4512.08$21,090
Aug 200501,74761.519.80$17,115
Jul 200503,05855.697.84$23,986
Jun 200503,58552.337.38$26,461
May 200502,75645.226.65$18,331
Apr 200502,99349.207.36$22,030
Mar 200503,25350.377.15$23,275
Feb 200502,73045.226.31$17,232
Jan 2005203,01743.166.32$19,937
Dec 200403,48339.866.75$23,514
Nov 200404,00245.286.33$25,334
Oct 200402,86549.706.52$18,666
Sep 2004422,68943.245.28$16,024
Aug 200403,11542.375.55$17,290
Jul 2004584,21238.286.08$27,847
Jun 2004646,92936.106.43$46,885
May 2004528,23537.486.49$55,432
Apr 2004208,47534.475.86$50,340
Mar 200409,07234.365.53$50,169
Feb 2004397,91532.455.51$44,874
Jan 2004208,83532.036.30$56,298
Dec 2003439,88930.266.30$63,618
Nov 20034811,05128.804.60$52,164
Oct 20037415,22228.174.76$74,536
Sep 20037815,79126.314.75$77,049
Aug 200326214,52329.765.13$82,296
Jul 200318214,62329.415.17$80,966
Jun 200313410,79828.565.98$68,431
May 2003767,49126.595.97$46,762

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.

Sep 2024 — as filed, then multipliedworked
Condensate             0 bbl  × $ 69.61 =         $0
Gas                   80 Mcf  × $  2.36 =       $189

────────────────────────────────────────────────────
Month total                                     $189

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/197935 is the state's own key, not one this site invented.