GRIZZLY

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the FARRAR (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 205788District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$19.7 M
Aug 2004 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
262
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 478 leases and 478 wells, and the rule below applies to all of them.

Discovered
1977-03-17
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 2010-11-30.

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: PRORATION PURPOSES.

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 Gas112005-05-18159572
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
CondensateDisposition757 bbl$59,688
GasProduction2,734,739 Mcf$19,658,584
Total$19,718,272

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 31.3782, -96.2767. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.37822, -96.27673 · 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
14,937 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 14,937 ft.

Completions filed
Jul 2022
1 of 1 wells

1 well

42-28931411214,937 ftJul 2022

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 (262)

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

262 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 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20242084.451.66$169
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 202302376.533.39$78
Dec 20220976.415.73$52
Nov 202204985.005.65$277
Oct 2022018787.185.86$1,097
Sep 202209784.888.16$792
Aug 2022023694.529.13$2,154
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 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 20190058.482.74$0
Apr 201905762.632.75$157
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 201703057.272.92$88
Nov 201705655.423.12$175
Oct 201701749.292.98$51
Sep 201704347.523.09$133
Aug 201703345.373.00$99
Jul 201707643.873.09$235
Jun 201705042.493.09$154
May 201706545.373.26$212
Apr 2017010447.933.21$334
Mar 201705146.772.98$152
Feb 201705450.452.95$159
Jan 2017011349.413.42$386
Dec 20161014148.763.72$1,013
Nov 2016014742.492.64$389
Oct 2016019846.193.09$612
Sep 2016021041.553.10$651
Aug 2016021641.442.92$632
Jul 201601,41541.622.92$4,138
Jun 201601,91845.352.69$5,151
May 201601,45842.521.99$2,903
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 2016035427.352.36$837
Dec 20150032.362.00$0
Nov 2015028838.792.17$624
Oct 201503,12343.552.43$7,578
Sep 201501,01242.992.76$2,792
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 2015012956.152.88$372
May 2015018855.212.96$556
Apr 201504949.822.71$133
Mar 201506842.892.93$200
Feb 201502944.662.98$86
Jan 201507643.433.10$236
Dec 201404454.693.59$158
Nov 201404670.464.25$196
Oct 2014018478.303.90$718
Sep 2014016886.164.05$680
Aug 2014020589.394.04$827
Jul 2014039996.564.18$1,668
Jun 2014017798.164.74$838
May 2014023094.734.73$1,087
Apr 2014043495.944.81$2,087
Mar 2014725495.895.06$1,956
Feb 2014027097.406.19$1,672
Jan 2014038690.404.86$1,876
Dec 2013018191.824.35$788
Nov 2013015388.853.74$572
Oct 2013024797.423.78$934
Sep 20130210104.113.72$781
Aug 2013053104.253.52$187
Jul 20130680102.523.72$2,528
Jun 2013027994.403.93$1,097
May 2013050194.834.15$2,079
Apr 2013063293.964.28$2,707
Mar 2013050693.623.91$1,980
Feb 201301,07791.233.42$3,683
Jan 201303,06491.603.42$10,479
Dec 201202,44086.773.42$8,345
Nov 201201,28886.953.62$4,669
Oct 2012181,62789.383.40$7,140
Sep 201201,70894.672.92$4,985
Aug 201201,61992.662.91$4,708
Jul 201202,53285.133.02$7,649
Jun 201202,28779.822.52$5,761
May 201203,19691.612.49$7,953
Apr 201202,408101.652.00$4,808
Mar 2012301,596105.052.22$6,698
Feb 201202,343101.102.57$6,022
Jan 2012096498.092.73$2,636
Dec 201107,33896.873.24$23,773
Nov 201107,62295.723.31$25,239
Oct 201107,22884.983.65$26,372
Sep 201106,35683.623.99$25,334
Aug 201106,85183.404.15$28,427
Jul 201116,74994.144.52$30,581
Jun 201103,80192.904.64$17,636
May 201103,67898.134.40$16,201
Apr 201107,043105.964.33$30,519
Mar 201107,64796.364.06$31,026
Feb 201107,56385.644.18$31,613
Jan 201108,96686.504.59$41,143
Dec 201009,20385.734.35$40,012
Nov 2010012,10280.843.80$45,931
Oct 20103910,59778.103.51$40,230
Sep 201009,93172.633.98$39,520
Aug 201009,12473.684.42$40,322
Jul 20106211,39172.554.74$58,451
Jun 2010010,22670.364.91$50,214
May 2010011,65371.124.24$49,353
Apr 2010012,26681.694.12$50,569
Mar 2010011,04178.394.39$48,455
Feb 201004,38573.585.44$23,865
Jan 201001,13574.365.96$6,769
Dec 2009098871.445.48$5,418
Nov 200901,99774.593.75$7,492
Oct 200903,73272.544.11$15,339
Sep 2009214,29365.543.06$43,936
Aug 2009217,91867.423.22$57,804
Jul 2009018,30961.133.46$63,432
Jun 2009119,59366.163.90$76,381
May 2009020,19154.743.93$79,265
Apr 2009117,94246.773.59$64,414
Mar 2009026,37842.144.06$107,068
Feb 2009017,72732.814.63$82,129
Jan 2009014,85435.865.37$79,781
Dec 2008022,55237.105.98$134,796
Nov 2008023,32055.496.86$159,984
Oct 2008020,09575.246.92$139,097
Sep 2008021,081101.767.88$166,057
Aug 20088424,339114.228.48$216,063
Jul 2008131,440131.0811.39$358,215
Jun 2008024,002131.3313.03$312,809
May 2008027,115123.1711.57$313,837
Apr 2008024,589110.3110.45$257,075
Mar 2008019,202101.909.66$185,569
Feb 20087524,04592.538.77$217,828
Jan 20087622,38090.388.21$190,513
Dec 2007029,61588.337.30$216,248
Nov 2007128,69791.677.29$209,342
Oct 2007526,20382.856.92$181,791
Sep 2007428,36675.846.24$177,425
Aug 20071835,21069.066.39$226,162
Jul 20075835,90170.906.39$233,446
Jun 20078447,77962.007.55$365,865
May 20072143,51958.747.85$342,696
Apr 2007055,56959.617.81$433,727
Mar 2007035,46956.927.30$258,994
Feb 2007033,97455.108.22$279,130
Jan 2007037,98350.306.73$255,506
Dec 2006037,77556.656.92$261,344
Nov 2006437,26354.207.62$284,067
Oct 2006043,02454.906.01$258,738
Sep 2006045,09060.085.04$227,127
Aug 2006047,85568.717.34$351,252
Jul 2006052,19369.376.34$331,048
Jun 2006050,88866.286.38$324,863
May 2006049,81966.016.42$320,087
Apr 2006053,52164.397.36$393,940
Mar 2006053,51756.707.08$379,057
Feb 2006050,93257.597.75$394,780
Jan 2006057,16360.598.93$510,655
Dec 2005066,09054.9413.42$886,624
Nov 2005139,89054.6910.59$422,426
Oct 2005049,99758.3413.80$689,747
Sep 2005059,27461.4512.08$715,971
Aug 200514436,93761.519.80$370,723
Jul 2005060,16055.697.84$471,873
Jun 2005682,92752.337.38$612,401
May 2005083,06345.226.65$552,465
Apr 20050110,95749.207.36$816,697
Mar 2005039,20850.377.15$280,529
Feb 2005023,34445.226.31$147,345
Jan 2005061,98243.166.32$391,863
Dec 2004036,47239.866.75$246,225
Nov 2004061,01045.286.33$386,219
Oct 2004080,53549.706.52$524,694
Sep 2004088,04243.245.28$465,205
Aug 2004038,79142.375.55$215,316

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.

Apr 2024 — as filed, then multipliedworked
Condensate             2 bbl  × $ 84.45 =       $169
Gas                    0 Mcf  × $  1.66 =         $0

────────────────────────────────────────────────────
Month total                                     $169

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/205788 is the state's own key, not one this site invented.