MCMICHAEL

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 206051District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.4 M
Sep 2004 – May 2026
Value, last 12 filed months
$23 k
at the published price for each month
Months reported
261
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 Gas112005-05-18159973
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
CondensateDisposition49 bbl$3,645
GasProduction551,098 Mcf$3,390,453
Total$3,394,097

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 31.5742, -96.2864. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.57418, -96.28644 · 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
11,731 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 11,731 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-16132930111,731 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 (261)

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

261 months

May 20260727106.413.05$2,214
Apr 2026054698.932.87$1,567
Mar 2026075189.753.15$2,365
Feb 2026077363.503.75$2,899
Jan 2026055859.138.00$4,463
Dec 2025060056.664.41$2,648
Nov 2025051058.593.93$2,002
Oct 2025045359.383.30$1,497
Sep 2025046062.743.08$1,415
Aug 202508063.933.01$241
Jul 2025029766.743.32$985
Jun 2025036866.483.13$1,151
May 2025088760.553.23$2,867
Apr 2025093462.363.54$3,309
Mar 2025051467.704.27$2,194
Feb 2025053170.884.34$2,305
Jan 2025043074.324.28$1,840
Dec 2024035268.993.12$1,099
Nov 2024011469.052.20$251
Oct 2024025371.372.28$577
Sep 202408069.612.36$189
Aug 202403075.632.06$62
Jul 202401479.932.15$30
Jun 202405578.082.63$145
May 202402878.812.20$62
Apr 202401384.451.66$22
Mar 20240880.301.55$12
Feb 202401076.091.78$18
Jan 20240473.023.30$13
Dec 20230571.262.61$13
Nov 20230677.892.81$17
Oct 202309685.443.09$296
Sep 202301089.042.74$27
Aug 202301480.522.67$37
Jul 202303574.852.64$92
Jun 202304468.962.26$99
May 202303470.622.23$76
Apr 202306478.122.24$143
Mar 202307572.852.39$179
Feb 202303375.112.47$81
Jan 202303676.533.39$122
Dec 2022076576.415.73$4,383
Nov 202205485.005.65$305
Oct 2022078287.185.86$4,585
Sep 2022028384.888.16$2,310
Aug 202202294.529.13$201
Jul 2022025101.587.54$189
Jun 2022029115.097.98$231
May 2022030109.378.43$253
Apr 2022037104.226.84$253
Mar 2022039108.885.08$198
Feb 202203591.054.86$170
Jan 202204881.844.54$218
Dec 202104571.323.90$175
Nov 202104577.435.24$236
Oct 202105179.795.71$291
Sep 202102869.865.35$150
Aug 202104166.024.22$173
Jul 202104370.783.98$171
Jun 202104369.493.38$145
May 202104763.483.02$142
Apr 202105860.362.76$160
Mar 202105761.302.72$155
Feb 202106357.805.55$350
Jan 202108350.412.81$233
Dec 202009644.642.68$257
Nov 202006638.772.71$179
Oct 202002936.972.48$72
Sep 2020011037.091.99$219
Aug 202005639.982.39$134
Jul 2020013738.371.83$250
Jun 202002734.901.69$46
May 2020011416.921.81$207
Apr 2020023514.751.80$424
Mar 2020087630.341.86$1,626
Feb 202001,17049.881.98$2,317
Jan 202001,64457.252.09$3,444
Dec 201901,47759.012.30$3,404
Nov 201901,53855.302.75$4,231
Oct 201901,14153.472.42$2,760
Sep 201901,58755.052.66$4,217
Aug 201901,16953.112.30$2,694
Jul 201901,53556.272.46$3,776
Jun 201901,65952.782.49$4,133
May 201901,67658.482.74$4,593
Apr 2019083062.632.75$2,283
Mar 201901,58556.803.06$4,853
Feb 201901,69050.852.79$4,719
Jan 2019040546.033.23$1,307
Dec 2018074946.594.19$3,135
Nov 201801,67852.934.24$7,110
Oct 2018096061.443.40$3,262
Sep 201801,03959.543.11$3,229
Aug 201801,39759.403.07$4,284
Jul 2018015765.142.93$460
Jun 201801,32360.183.08$4,071
May 2018052765.382.90$1,529
Apr 201801,47463.842.90$4,276
Mar 201801,20361.222.79$3,353
Feb 201801,47461.782.77$4,077
Jan 201801,04862.874.01$4,202
Dec 201701,13057.272.92$3,301
Nov 201702,06655.423.12$6,443
Oct 2017077749.292.98$2,318
Sep 2017090447.523.09$2,791
Aug 2017084045.373.00$2,524
Jul 201701,43943.873.09$4,443
Jun 201701,39242.493.09$4,297
May 201701,37445.373.26$4,484
Apr 201701,61647.933.21$5,190
Mar 201701,49246.772.98$4,452
Feb 201701,68950.452.95$4,987
Jan 2017098649.413.42$3,371
Dec 201611,54848.763.72$5,812
Nov 201601,14342.492.64$3,022
Oct 201601,40646.193.09$4,345
Sep 201611,69241.553.10$5,288
Aug 201601,67441.442.92$4,895
Jul 201601,69241.622.92$4,948
Jun 201601,54945.352.69$4,160
May 201601,21742.521.99$2,423
Apr 2016094436.561.99$1,880
Mar 2016081033.011.79$1,453
Feb 2016064926.472.06$1,339
Jan 201601,23527.352.36$2,920
Dec 201531,34732.362.00$2,793
Nov 201501,11438.792.17$2,414
Oct 2015068243.552.43$1,655
Sep 2015095542.992.76$2,634
Aug 2015082840.162.87$2,378
Jul 201511,06448.152.95$3,182
Jun 2015295956.152.88$2,877
May 201531,36055.212.96$4,185
Apr 201561,27449.822.71$3,747
Mar 2015055042.892.93$1,614
Feb 201501,33744.662.98$3,979
Jan 201501,19943.433.10$3,718
Dec 201401,25454.693.59$4,504
Nov 201401,57670.464.25$6,701
Oct 201401,40678.303.90$5,485
Sep 201401,12386.164.05$4,543
Aug 201421,06289.394.04$4,464
Jul 2014099296.564.18$4,146
Jun 201401,34398.164.74$6,362
May 201412,09494.734.73$9,992
Apr 201401,08195.944.81$5,199
Mar 2014518595.895.06$1,415
Feb 2014760497.406.19$4,422
Jan 201401,13390.404.86$5,507
Dec 2013124191.824.35$1,141
Nov 201301,23788.853.74$4,624
Oct 201301,80897.423.78$6,833
Sep 201301,123104.113.72$4,175
Aug 20130901104.253.52$3,174
Jul 201302,133102.523.72$7,930
Jun 201302,93794.403.93$11,552
May 201301,84794.834.15$7,663
Apr 20130093.964.28$0
Mar 2013020393.623.91$794
Feb 2013036591.233.42$1,248
Jan 2013062891.603.42$2,148
Dec 2012057886.773.42$1,977
Nov 2012021686.953.62$783
Oct 2012093789.383.40$3,186
Sep 2012076694.672.92$2,235
Aug 201201,49392.662.91$4,342
Jul 201251,66185.133.02$5,443
Jun 201201,57779.822.52$3,973
May 2012018091.612.49$448
Apr 2012084101.652.00$168
Mar 201201,317105.052.22$2,926
Feb 201211,894101.102.57$4,969
Jan 201201,14598.092.73$3,131
Dec 201101,76996.873.24$5,731
Nov 201101,70895.723.31$5,656
Oct 201101,29284.983.65$4,714
Sep 201121,35383.623.99$5,560
Aug 201101,57583.404.15$6,535
Jul 201101,23894.144.52$5,592
Jun 201121,59492.904.64$7,582
May 201101,44098.134.40$6,343
Apr 20110888105.964.33$3,848
Mar 201101,29396.364.06$5,246
Feb 2011174785.644.18$3,208
Jan 2011063486.504.59$2,909
Dec 201001,39285.734.35$6,052
Nov 2010079880.843.80$3,029
Oct 201001,12278.103.51$3,937
Sep 201002,09772.633.98$8,345
Aug 201001,33473.684.42$5,895
Jul 201011,72972.554.74$8,262
Jun 201001,94570.364.91$9,551
May 201001,62771.124.24$6,891
Apr 201001,49281.694.12$6,151
Mar 201001,52378.394.39$6,684
Feb 201011,38173.585.44$7,589
Jan 201003,22874.365.96$19,252
Dec 200902,10071.445.48$11,516
Nov 200903,60874.593.75$13,535
Oct 200902,64472.544.11$10,868
Sep 2009198065.543.06$3,069
Aug 200903,72967.423.22$12,002
Jul 200902,45761.133.46$8,512
Jun 200903,40066.163.90$13,243
May 200903,19754.743.93$12,551
Apr 200901,99346.773.59$7,150
Mar 200903,82142.144.06$15,509
Feb 200903,99232.814.63$18,495
Jan 200903,49735.865.37$18,782
Dec 200802,34237.105.98$13,998
Nov 200801,12155.496.86$7,690
Oct 200803,40275.246.92$23,549
Sep 200801,831101.767.88$14,423
Aug 200803,202114.228.48$27,163
Jul 200801,898131.0811.39$21,617
Jun 200803,244131.3313.03$42,278
May 200803,945123.1711.57$45,661
Apr 200802,037110.3110.45$21,297
Mar 200802,949101.909.66$28,499
Feb 200803,98492.538.77$34,942
Jan 200803,98590.388.21$32,700
Dec 200704,02188.337.30$29,361
Nov 200704,88491.677.29$35,613
Oct 200704,72382.856.92$32,693
Sep 200702,93775.846.24$18,339
Aug 200714,71469.066.39$30,182
Jul 200703,87570.906.39$24,753
Jun 200703,70162.007.55$27,937
May 200704,52258.747.85$35,481
Apr 200714,74059.617.81$37,056
Mar 200705,36856.927.30$39,197
Feb 200704,41255.108.22$36,249
Jan 200703,91450.306.73$26,329
Dec 200606,15156.656.92$42,555
Nov 200604,87954.207.62$37,166
Oct 200604,90154.906.01$29,474
Sep 200606,72660.085.04$33,880
Aug 200606,85468.717.34$50,308
Jul 200606,89869.376.34$43,752
Jun 200605,42366.286.38$34,620
May 200605,56366.016.42$35,742
Apr 200605,86564.397.36$43,169
Mar 200606,23156.707.08$44,134
Feb 200605,92257.597.75$45,902
Jan 200606,95460.598.93$62,122
Dec 200507,66554.9413.42$102,829
Nov 200507,39054.6910.59$78,248
Oct 200507,98458.3413.80$110,145
Sep 200508,02361.4512.08$96,910
Aug 200508,81761.519.80$86,379
Jul 200509,26355.697.84$72,656
Jun 200509,60752.337.38$70,910
May 2005010,60445.226.65$70,529
Apr 2005011,07449.207.36$81,510
Mar 2005012,67850.377.15$90,710
Feb 2005012,45445.226.31$78,609
Jan 2005015,91243.166.32$100,599
Dec 2004016,59839.866.75$112,054
Nov 2004017,27345.286.33$109,345
Oct 2004021,02749.706.52$136,993
Sep 2004015,47143.245.28$81,747

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                  727 Mcf  × $  3.05 =     $2,214

────────────────────────────────────────────────────
Month total                                   $2,214

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/206051 is the state's own key, not one this site invented.