O'DONNELL

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 198385District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.9 M
Jul 2003 – Jul 2021
Value, last 12 filed months
$0
at the published price for each month
Months reported
217
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 Gas112004-03-05154084
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
CondensateDisposition1,011 bbl$46,022
GasProduction1,102,500 Mcf$6,892,777
Total$6,938,799

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 31.4874, -96.2442. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.48742, -96.24424 · 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
13,522 ft
1 wells filed one
Completion to plug
15.3 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 13,522 ft.

Completions filed
Mar 2006
1 of 1 wells
Plug dates filed
Jul 2021
1 of 1 wells

Last completion to plug: a median of 15.3 years across the 1 well that filed both dates, with the middle half between 15.3 years and 15.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-16132518113,522 ftMar 2006Jul 2021Yes

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 (217)

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

217 months

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 20207134.901.69$246
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 2020018549.881.98$366
Jan 202001,63257.252.09$3,419
Dec 2019020459.012.30$470
Nov 201902,44955.302.75$6,736
Oct 201902,92853.472.42$7,081
Sep 201902,16355.052.66$5,748
Aug 201909353.112.30$214
Jul 2019330456.272.46$917
Jun 2019115552.782.49$439
May 2019011958.482.74$326
Apr 201905262.632.75$143
Mar 2019026856.803.06$821
Feb 2019085550.852.79$2,387
Jan 2019074846.033.23$2,415
Dec 2018097546.594.19$4,081
Nov 2018049252.934.24$2,085
Oct 2018030561.443.40$1,036
Sep 2018034759.543.11$1,078
Aug 2018231259.403.07$1,076
Jul 2018034465.142.93$1,009
Jun 2018033760.183.08$1,037
May 2018166265.382.90$1,986
Apr 2018096563.842.90$2,799
Mar 2018053861.222.79$1,499
Feb 2018161661.782.77$1,766
Jan 2018012562.874.01$501
Dec 2017069157.272.92$2,019
Nov 2017082355.423.12$2,566
Oct 2017152549.292.98$1,616
Sep 2017036247.523.09$1,118
Aug 201701,02645.373.00$3,083
Jul 2017059543.873.09$1,837
Jun 2017197242.493.09$3,043
May 201711,03845.373.26$3,433
Apr 201701,10947.933.21$3,562
Mar 2017177446.772.98$2,356
Feb 201701,04950.452.95$3,097
Jan 2017042849.413.42$1,463
Dec 2016033048.763.72$1,229
Nov 2016045842.492.64$1,211
Oct 2016039746.193.09$1,227
Sep 2016443441.553.10$1,512
Aug 201601,06141.442.92$3,103
Jul 2016056241.622.92$1,643
Jun 2016132745.352.69$924
May 201602,30542.521.99$4,589
Apr 201601,56836.561.99$3,122
Mar 2016067433.011.79$1,209
Feb 2016185326.472.06$1,787
Jan 2016049127.352.36$1,161
Dec 2015060132.362.00$1,203
Nov 2015086338.792.17$1,870
Oct 2015094843.552.43$2,300
Sep 2015071242.992.76$1,964
Aug 201501,19840.162.87$3,441
Jul 201501,16348.152.95$3,425
Jun 201501,02156.152.88$2,943
May 201501,11455.212.96$3,292
Apr 201501,19649.822.71$3,237
Mar 2015088942.892.93$2,609
Feb 201501,75544.662.98$5,223
Jan 2015079043.433.10$2,450
Dec 2014082354.693.59$2,956
Nov 2014090670.464.25$3,852
Oct 201401,36778.303.90$5,333
Sep 2014041686.164.05$1,683
Aug 2014092689.394.04$3,737
Jul 2014096596.564.18$4,033
Jun 201401,14098.164.74$5,400
May 201401,67094.734.73$7,893
Apr 2014055795.944.81$2,679
Mar 201401,64295.895.06$8,303
Feb 2014056097.406.19$3,468
Jan 201401,52990.404.86$7,432
Dec 201311,51691.824.35$6,693
Nov 201322,05788.853.74$7,867
Oct 201322,39997.423.78$9,262
Sep 201302,125104.113.72$7,900
Aug 201321,543104.253.52$5,644
Jul 201301,790102.523.72$6,655
Jun 201352,05294.403.93$8,543
May 201302,61094.834.15$10,829
Apr 201311,05693.964.28$4,616
Mar 201302,15393.623.91$8,424
Feb 201302,80491.233.42$9,589
Jan 2013193291.603.42$3,279
Dec 201211,70186.773.42$5,904
Nov 201202,21586.953.62$8,029
Oct 201211,80589.383.40$6,226
Sep 201202,18594.672.92$6,377
Aug 201202,60092.662.91$7,561
Jul 201203,52785.133.02$10,654
Jun 201202,32479.822.52$5,854
May 201202,73791.612.49$6,811
Apr 201202,301101.652.00$4,595
Mar 201201,429105.052.22$3,175
Feb 201202,186101.102.57$5,619
Jan 201202,39198.092.73$6,537
Dec 201102,05196.873.24$6,645
Nov 201101,52495.723.31$5,046
Oct 201101,07884.983.65$3,933
Sep 2011089983.623.99$3,583
Aug 2011087883.404.15$3,643
Jul 201101,58094.144.52$7,137
Jun 201111,47392.904.64$6,927
May 201102,10798.134.40$9,281
Apr 201111,091105.964.33$4,834
Mar 201101,42696.364.06$5,786
Feb 201151,64385.644.18$7,296
Jan 201132,58986.504.59$12,140
Dec 201032,59285.734.35$11,527
Nov 201006,84880.843.80$25,990
Oct 201011,56078.103.51$5,552
Sep 201011,54672.633.98$6,225
Aug 201031,84473.684.42$8,370
Jul 201021,55472.554.74$7,506
Jun 201001,92670.364.91$9,457
May 201012,50271.124.24$10,668
Apr 201013,05181.694.12$12,660
Mar 2010199178.394.39$4,428
Feb 201031,15673.585.44$6,512
Jan 201011,96574.365.96$11,794
Dec 200902,38171.445.48$13,057
Nov 200911,15774.593.75$4,415
Oct 200903,22472.544.11$13,251
Sep 200904,57465.543.06$14,018
Aug 200915,59267.423.22$18,065
Jul 200902,98661.133.46$10,345
Jun 200925,42566.163.90$21,263
May 200914,07454.743.93$16,048
Apr 200923,50546.773.59$12,668
Mar 200923,71242.144.06$15,151
Feb 200913,11932.814.63$14,483
Jan 200912,45035.865.37$13,195
Dec 200801,13137.105.98$6,760
Nov 200803,45255.496.86$23,682
Oct 200802,88575.246.92$19,970
Sep 200803,259101.767.88$25,671
Aug 200804,199114.228.48$35,620
Jul 200804,939131.0811.39$56,252
Jun 200802,993131.3313.03$39,007
May 200804,592123.1711.57$53,149
Apr 200804,773110.3110.45$49,901
Mar 200803,921101.909.66$37,893
Feb 200805,60992.538.77$49,194
Jan 200805,11090.388.21$41,931
Dec 200705,69888.337.30$41,607
Nov 200706,56991.677.29$47,899
Oct 200705,77482.856.92$39,968
Sep 200707,29475.846.24$45,545
Aug 200707,59669.066.39$48,523
Jul 200707,44570.906.39$47,558
Jun 200707,05662.007.55$53,262
May 200707,72858.747.85$60,636
Apr 200707,84759.617.81$61,247
Mar 200708,82756.927.30$64,454
Feb 200706,66755.108.22$54,776
Jan 200708,98050.306.73$60,407
Dec 200607,86456.656.92$54,407
Nov 200607,53654.207.62$57,405
Oct 2006248,39754.906.01$51,815
Sep 2006478,06460.085.04$43,444
Aug 20065910,21468.717.34$79,024
Jul 20065210,52569.376.34$70,365
Jun 2006659,52966.286.38$65,140
May 2006639,99066.016.42$68,344
Apr 200608,54864.397.36$62,917
Mar 200608,37656.707.08$59,327
Feb 200609,89857.597.75$76,721
Jan 2006011,41460.598.93$101,965
Dec 2005010,09354.9413.42$135,402
Nov 2005010,80054.6910.59$114,355
Oct 2005019,45158.3413.80$268,341
Sep 2005017,85661.4512.08$215,683
Aug 2005018,42961.519.80$180,546
Jul 2005017,31055.697.84$135,773
Jun 2005018,09652.337.38$133,567
May 2005018,55245.226.65$123,392
Apr 2005017,26849.207.36$127,101
Mar 2005016,33650.377.15$116,882
Feb 2005015,07445.226.31$95,146
Jan 2005014,83743.166.32$93,802
Dec 2004011,11139.866.75$75,011
Nov 2004113,27645.286.33$84,088
Oct 2004014,45649.706.52$94,182
Sep 20041211,78643.245.28$62,795
Aug 20042516,38442.375.55$92,001
Jul 20042421,91038.286.08$134,223
Jun 20045932,40436.106.43$210,585
May 20044518,07437.486.49$119,070
Apr 20047230,10234.475.86$178,833
Mar 20043330,85834.365.53$171,783
Feb 20045036,08032.455.51$200,410
Jan 20045337,89432.036.30$240,416
Dec 20033629,12230.266.30$184,606
Nov 20036736,43928.804.60$169,373
Oct 200311942,71328.174.76$206,651
Sep 20032654,11826.314.75$257,710
Aug 2003013,49529.765.13$69,226
Jul 2003013,18929.415.17$68,198

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.

Jun 2020 — as filed, then multipliedworked
Condensate             7 bbl  × $ 34.90 =       $244
Gas                    1 Mcf  × $  1.69 =         $2

────────────────────────────────────────────────────
Month total                                     $246

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/198385 is the state's own key, not one this site invented.