GOOLSBY, H. C.

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the TEAGUE (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 216994District 05Field 88576304Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.8 M
Sep 2005 – May 2026
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
249
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 1,075 leases and 1,075 wells, and the rule below applies to all of them.

Discovered
2006-06-06
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 2011-10-11.

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: REGULATORY PURPOSES.IT IS ORDERED THAT THE FIELD REMAIN SUSPENDED.

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 Gas112006-07-28166397
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
CondensateDisposition2,992 bbl$218,231
GasProduction603,105 Mcf$3,556,281
Total$3,774,512

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 31.6439, -96.1783. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.64392, -96.17829 · 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
12,281 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 12,281 ft.

Completions filed
Sep 2005
1 of 1 wells

1 well

42-16133281212,281 ftSep 2005

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 (249)

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

249 months

May 2026073106.413.05$222
Apr 2026011498.932.87$327
Mar 202619789.753.15$395
Feb 2026015763.503.75$589
Jan 2026017259.138.00$1,376
Dec 2025011756.664.41$516
Nov 2025010958.593.93$428
Oct 2025013059.383.30$430
Sep 2025016162.743.08$495
Aug 2025014863.933.01$446
Jul 2025115466.743.32$577
Jun 2025114966.483.13$533
May 2025015360.553.23$495
Apr 2025019962.363.54$705
Mar 2025010967.704.27$465
Feb 2025019170.884.34$829
Jan 2025016174.324.28$689
Dec 2024010668.993.12$331
Nov 2024015869.052.20$347
Oct 2024016271.372.28$370
Sep 2024016469.612.36$388
Aug 2024016575.632.06$341
Jul 2024037179.932.15$796
Jun 2024049078.082.63$1,291
May 20240078.812.20$0
Apr 202407484.451.66$123
Mar 202407480.301.55$114
Feb 202407676.091.78$136
Jan 2024013473.023.30$442
Dec 2023014571.262.61$379
Nov 202306577.892.81$182
Oct 2023012285.443.09$377
Sep 202305789.042.74$156
Aug 2023012880.522.67$342
Jul 2023013574.852.64$357
Jun 2023411668.962.26$538
May 202308170.622.23$180
Apr 2023021478.122.24$479
Mar 2023024872.852.39$594
Feb 2023019575.112.47$481
Jan 2023030076.533.39$1,016
Dec 2022065476.415.73$3,747
Nov 2022075585.005.65$4,263
Oct 2022090387.185.86$5,295
Sep 2022068684.888.16$5,600
Aug 2022077094.529.13$7,028
Jul 20220916101.587.54$6,909
Jun 20220875115.097.98$6,980
May 20220558109.378.43$4,706
Apr 20220502104.226.84$3,432
Mar 20220573108.885.08$2,909
Feb 2022053491.054.86$2,595
Jan 2022770481.844.54$3,767
Dec 2021047671.323.90$1,856
Nov 2021052377.435.24$2,739
Oct 2021076879.795.71$4,388
Sep 2021076369.865.35$4,083
Aug 2021095866.024.22$4,043
Jul 2021080770.783.98$3,214
Jun 2021092869.493.38$3,137
May 2021093063.483.02$2,806
Apr 2021079360.362.76$2,187
Mar 2021042161.302.72$1,144
Feb 2021050657.805.55$2,807
Jan 2021058550.412.81$1,644
Dec 2020077444.642.68$2,071
Nov 2020088238.772.71$2,387
Oct 2020095736.972.48$2,372
Sep 2020024937.091.99$496
Aug 2020093739.982.39$2,235
Jul 2020093538.371.83$1,706
Jun 2020059134.901.69$999
May 2020067216.921.81$1,220
Apr 2020079814.751.80$1,440
Mar 2020079130.341.86$1,468
Feb 2020058149.881.98$1,151
Jan 2020098957.252.09$2,072
Dec 2019066459.012.30$1,530
Nov 2019990055.302.75$2,973
Oct 201901,05453.472.42$2,549
Sep 201901,37755.052.66$3,659
Aug 201901,79753.112.30$4,141
Jul 201901,60256.272.46$3,941
Jun 201901,31552.782.49$3,276
May 2019071358.482.74$1,954
Apr 2019090862.632.75$2,498
Mar 2019092456.803.06$2,829
Feb 2019090350.852.79$2,521
Jan 201901,25746.033.23$4,058
Dec 201801,65046.594.19$6,906
Nov 201801,13052.934.24$4,788
Oct 201801,34661.443.40$4,574
Sep 201801,86359.543.11$5,790
Aug 201802,38159.403.07$7,301
Jul 201801,99865.142.93$5,858
Jun 201802,09160.183.08$6,434
May 201802,07065.382.90$6,005
Apr 201801,85263.842.90$5,372
Mar 2018871761.222.79$2,488
Feb 201801,01761.782.77$2,813
Jan 201801,22462.874.01$4,907
Dec 201701,06757.272.92$3,117
Nov 201701,50555.423.12$4,693
Oct 201701,71649.292.98$5,120
Sep 201701,90547.523.09$5,881
Aug 201702,06845.373.00$6,213
Jul 2017102,18643.873.09$7,187
Jun 201701,92142.493.09$5,931
May 201701,56345.373.26$5,101
Apr 201701,91547.933.21$6,150
Mar 201701,65746.772.98$4,944
Feb 201701,73250.452.95$5,114
Jan 201701,70849.413.42$5,839
Dec 201601,62648.763.72$6,053
Nov 201601,58842.492.64$4,199
Oct 201601,99446.193.09$6,162
Sep 201602,06541.553.10$6,403
Aug 201662,12341.442.92$6,457
Jul 201602,48541.622.92$7,267
Jun 201602,17245.352.69$5,834
May 201601,74742.521.99$3,478
Apr 201601,51836.561.99$3,022
Mar 201601,40733.011.79$2,524
Feb 201601,24826.472.06$2,575
Jan 201691,24927.352.36$3,199
Dec 201501,22132.362.00$2,444
Nov 201501,11238.792.17$2,410
Oct 201501,22543.552.43$2,973
Sep 201501,32242.992.76$3,647
Aug 201501,50240.162.87$4,314
Jul 201514,25348.152.95$12,574
Jun 2015143,77256.152.88$11,660
May 201503,68755.212.96$10,897
Apr 201503,53149.822.71$9,557
Mar 201503,16042.892.93$9,274
Feb 201502,25744.662.98$6,717
Jan 201572,02043.433.10$6,567
Dec 201402,94454.693.59$10,573
Nov 201402,72370.464.25$11,578
Oct 201453,14878.303.90$12,672
Sep 201403,60386.164.05$14,576
Aug 201403,23889.394.04$13,066
Jul 201473,27596.564.18$14,364
Jun 201402,64898.164.74$12,543
May 201402,46394.734.73$11,642
Apr 201402,29495.944.81$11,032
Mar 201402,45795.895.06$12,425
Feb 201402,23597.406.19$13,839
Jan 201433,09390.404.86$15,305
Dec 201301,84391.824.35$8,025
Nov 201301,47788.853.74$5,521
Oct 2013112,12497.423.78$9,099
Sep 201302,427104.113.72$9,023
Aug 201302,878104.253.52$10,138
Jul 201302,305102.523.72$8,569
Jun 201382,14294.403.93$9,181
May 201301,91794.834.15$7,954
Apr 201301,39493.964.28$5,970
Mar 201301,99193.623.91$7,791
Feb 201371,82891.233.42$6,890
Jan 2013112,06691.603.42$8,073
Dec 201203,72786.773.42$12,747
Nov 201204,33686.953.62$15,718
Oct 201203,77989.383.40$12,847
Sep 201213,15494.672.92$9,299
Aug 201203,56192.662.91$10,356
Jul 201203,20885.133.02$9,691
Jun 201202,68979.822.52$6,774
May 201292,51391.612.49$7,078
Apr 201202,323101.652.00$4,639
Mar 201202,263105.052.22$5,029
Feb 201282,143101.102.57$6,317
Jan 201202,36098.092.73$6,452
Dec 201132,52096.873.24$8,455
Nov 201102,55995.723.31$8,474
Oct 201103,15084.983.65$11,493
Sep 201102,68783.623.99$10,710
Aug 201102,49383.404.15$10,344
Jul 201102,39294.144.52$10,805
Jun 201102,26792.904.64$10,519
May 201102,49898.134.40$11,003
Apr 201102,568105.964.33$11,128
Mar 201102,77896.364.06$11,271
Feb 201102,38285.644.18$9,957
Jan 201102,62486.504.59$12,041
Dec 201002,41985.734.35$10,517
Nov 201002,43680.843.80$9,245
Oct 201062,80378.103.51$10,304
Sep 201002,24072.633.98$8,914
Aug 201052,69673.684.42$12,283
Jul 201012,78772.554.74$13,273
Jun 201092,41770.364.91$12,502
May 201092,95471.124.24$13,151
Apr 201092,81081.694.12$12,320
Mar 201002,84178.394.39$12,468
Feb 201002,64273.585.44$14,379
Jan 201083,07274.365.96$18,917
Dec 200902,84571.445.48$15,601
Nov 200903,68974.593.75$13,839
Oct 200912,65172.544.11$10,969
Sep 200902,26365.543.06$6,936
Aug 200902,78667.423.22$8,967
Jul 200903,84661.133.46$13,324
Jun 200904,23666.163.90$16,499
May 200903,54754.743.93$13,925
Apr 200912,90346.773.59$10,461
Mar 200913,39342.144.06$13,814
Feb 200904,83132.814.63$22,382
Jan 2009153,86035.865.37$21,270
Dec 2008573,51037.105.98$23,094
Nov 200803,57855.496.86$24,546
Oct 2008773,66175.246.92$31,135
Sep 200812,144101.767.88$16,990
Aug 20081072,921114.228.48$37,000
Jul 20081213,273131.0811.39$53,138
Jun 200804,071131.3313.03$53,056
May 2008803,528123.1711.57$50,688
Apr 2008922,340110.3110.45$34,613
Mar 2008644,595101.909.66$50,928
Feb 2008693,80292.538.77$39,730
Jan 2008765,24990.388.21$49,941
Dec 20071314,42388.337.30$43,868
Nov 200724,11291.677.29$30,167
Oct 2007484,75082.856.92$36,856
Sep 2007643,56675.846.24$27,120
Aug 2007714,74269.066.39$35,195
Jul 200726,13870.906.39$39,351
Jun 20071195,25662.007.55$47,053
May 200754,33458.747.85$34,299
Apr 200705,63359.617.81$43,967
Mar 200706,83656.927.30$49,916
Feb 200704,62355.108.22$37,983
Jan 200746,78350.306.73$45,829
Dec 2006115,29856.656.92$37,277
Nov 2006357,00354.207.62$55,242
Oct 2006405,74754.906.01$36,757
Sep 2006248,77860.085.04$45,658
Aug 200655,95268.717.34$44,031
Jul 200606,69669.376.34$42,471
Jun 2006978,21066.286.38$58,841
May 20069310,47666.016.42$73,447
Apr 20067511,51364.397.36$89,570
Mar 2006867,80056.707.08$60,123
Feb 20062289,03657.597.75$83,170
Jan 200622011,23760.598.93$113,714
Dec 2005998,16954.9413.42$115,029
Nov 200526118,82954.6910.59$213,643
Oct 200514020,39258.3413.80$289,491
Sep 200517219,44961.4512.08$245,494

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                   73 Mcf  × $  3.05 =       $222

────────────────────────────────────────────────────
Month total                                     $222

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/216994 is the state's own key, not one this site invented.