WHATLEY "B"

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the STEWARDS MILL (CV CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 217862District 05Field 860662102 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.1 M
Nov 2005 – May 2026
Value, last 12 filed months
$40 k
at the published price for each month
Months reported
247
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 30 leases and 30 wells, and the rule below applies to all of them.

Discovered
2005-07-11
as the register files it
Field class
Gas
the register's own label
Between wells
1,000 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2005-07-11.

The Commission's schedule remark for this field reads: BUT ALLOCATION FORMULA SUSPENDED BY HEARING.

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 Gas112006-08-21167237
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
CondensateDisposition1,537 bbl$127,972
GasProduction360,319 Mcf$1,956,234
Total$2,084,205

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 31.8481, -96.1890. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.84811, -96.18903 · 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
12,200 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 12,200 ft.

Completions filed
Nov 2005
1 of 1 wells

1 well

42-16133328212,200 ftNov 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 (247)

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

247 months

May 202600106.413.05$0
Apr 2026082598.932.87$2,368
Mar 202601,41789.753.15$4,463
Feb 2026078063.503.75$2,925
Jan 2026083659.138.00$6,686
Dec 202501,05956.664.41$4,674
Nov 202501,11958.593.93$4,394
Oct 202502,30559.383.30$7,618
Sep 202502,38662.743.08$7,342
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 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 2023032780.522.67$874
Jul 202301,26974.852.64$3,352
Jun 2023092968.962.26$2,098
May 2023093270.622.23$2,076
Apr 20230078.122.24$0
Mar 202303572.852.39$84
Feb 2023091075.112.47$2,244
Jan 202309276.533.39$312
Dec 2022016576.415.73$945
Nov 202204,67585.005.65$26,396
Oct 2022019087.185.86$1,114
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 202108266.024.22$346
Jul 202106970.783.98$275
Jun 2021039469.493.38$1,332
May 2021023963.483.02$721
Apr 2021097260.362.76$2,681
Mar 202102,13461.302.72$5,798
Feb 2021054757.805.55$3,035
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 202012034.901.69$419
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 2020672730.341.86$1,532
Feb 2020632349.881.98$939
Jan 2020042857.252.09$897
Dec 20191538359.012.30$1,768
Nov 20191984455.302.75$3,372
Oct 201971,80653.472.42$4,742
Sep 2019085555.052.66$2,272
Aug 2019212853.112.30$401
Jul 20191016356.272.46$964
Jun 20191125652.782.49$1,218
May 201901,13958.482.74$3,121
Apr 2019069162.632.75$1,901
Mar 2019472556.803.06$2,447
Feb 2019051550.852.79$1,438
Jan 2019012046.033.23$387
Dec 201806446.594.19$268
Nov 201886652.934.24$703
Oct 2018022461.443.40$761
Sep 2018063659.543.11$1,977
Aug 2018845659.403.07$1,874
Jul 2018048265.142.93$1,413
Jun 2018059660.183.08$1,834
May 2018053265.382.90$1,543
Apr 2018053563.842.90$1,552
Mar 2018658461.222.79$1,995
Feb 2018656761.782.77$1,939
Jan 2018560562.874.01$2,740
Dec 2017064157.272.92$1,873
Nov 2017067555.423.12$2,105
Oct 2017073949.292.98$2,205
Sep 2017071447.523.09$2,204
Aug 2017071445.373.00$2,145
Jul 2017067243.873.09$2,075
Jun 2017164342.493.09$2,028
May 2017079145.373.26$2,581
Apr 2017183947.933.21$2,742
Mar 2017155246.772.98$1,694
Feb 2017281850.452.95$2,516
Jan 2017063549.413.42$2,171
Dec 2016068548.763.72$2,550
Nov 2016845042.492.64$1,530
Oct 2016056846.193.09$1,755
Sep 20161867741.553.10$2,847
Aug 2016060741.442.92$1,775
Jul 20161259741.622.92$2,245
Jun 2016050545.352.69$1,356
May 20161383842.521.99$2,221
Apr 20162582936.561.99$2,565
Mar 2016081033.011.79$1,453
Feb 2016086926.472.06$1,793
Jan 20161090227.352.36$2,406
Dec 20151492332.362.00$2,300
Nov 2015086338.792.17$1,870
Oct 201501,18843.552.43$2,883
Sep 2015131,17342.992.76$3,795
Aug 201501,18540.162.87$3,404
Jul 2015161,06748.152.95$3,913
Jun 2015191,39556.152.88$5,088
May 2015111,73955.212.96$5,747
Apr 2015181,37549.822.71$4,618
Mar 201501,39942.892.93$4,106
Feb 201591,12744.662.98$3,756
Jan 2015101,25043.433.10$4,310
Dec 2014121,06554.693.59$4,481
Nov 201401,18370.464.25$5,030
Oct 201481,11178.303.90$4,960
Sep 201461,24086.164.05$5,533
Aug 2014693489.394.04$4,305
Jul 2014897396.564.18$4,839
Jun 20141182098.164.74$4,964
May 2014181,02594.734.73$6,550
Apr 201401,36495.944.81$6,560
Mar 2014321,88795.895.06$12,611
Feb 2014181,68797.406.19$12,199
Jan 2014172,20590.404.86$12,255
Dec 2013121,84791.824.35$9,145
Nov 2013141,81488.853.74$8,025
Oct 2013141,84797.423.78$8,344
Sep 2013171,795104.113.72$8,443
Aug 2013372,245104.253.52$11,766
Jul 201302,776102.523.72$10,320
Jun 2013131,86794.403.93$8,571
May 2013312,09794.834.15$11,640
Apr 2013161,60093.964.28$8,356
Mar 201301,72493.623.91$6,746
Feb 2013171,47591.233.42$6,595
Jan 2013391,71991.603.42$9,451
Dec 201201,92486.773.42$6,580
Nov 201201,84686.953.62$6,692
Oct 2012222,16589.383.40$9,327
Sep 2012192,22994.672.92$8,304
Aug 2012202,51192.662.91$9,156
Jul 201202,39585.133.02$7,235
Jun 201202,50379.822.52$6,305
May 2012342,40591.612.49$9,099
Apr 2012172,261101.652.00$6,243
Mar 201202,387105.052.22$5,304
Feb 2012152,238101.102.57$7,269
Jan 2012342,52798.092.73$10,244
Dec 2011162,53696.873.24$9,766
Nov 2011142,42195.723.31$9,357
Oct 201101,98284.983.65$7,231
Sep 2011221,75183.623.99$8,819
Aug 2011111,76383.404.15$8,233
Jul 2011131,86094.144.52$9,626
Jun 2011131,73792.904.64$9,267
May 2011292,11898.134.40$12,175
Apr 2011142,194105.964.33$10,991
Mar 2011132,47496.364.06$11,291
Feb 201101,80785.644.18$7,553
Jan 2011302,01486.504.59$11,837
Dec 2010162,24285.734.35$11,119
Nov 2010162,42180.843.80$10,482
Oct 2010162,29178.103.51$9,288
Sep 2010322,20372.633.98$11,091
Aug 201002,29173.684.42$10,125
Jul 2010162,54172.554.74$13,196
Jun 2010162,54570.364.91$13,623
May 2010302,49671.124.24$12,705
Apr 2010292,49681.694.12$12,659
Mar 2010132,63478.394.39$12,579
Feb 2010242,24273.585.44$13,968
Jan 2010162,10474.365.96$13,738
Dec 2009102,71971.445.48$15,625
Nov 200902,95674.593.75$11,089
Oct 200902,66672.544.11$10,958
Sep 200902,33765.543.06$7,162
Aug 200902,54967.423.22$8,204
Jul 200902,24961.133.46$7,792
Jun 200902,49166.163.90$9,702
May 200902,52954.743.93$9,928
Apr 200902,66446.773.59$9,557
Mar 200902,09342.144.06$8,495
Feb 200901,63932.814.63$7,593
Jan 200901,88435.865.37$10,119
Dec 200822,03837.105.98$12,256
Nov 2008223,53855.496.86$25,493
Oct 2008143,54175.246.92$25,564
Sep 2008312,862101.767.88$25,699
Aug 2008142,875114.228.48$25,988
Jul 2008352,979131.0811.39$38,517
Jun 2008232,995131.3313.03$42,053
May 2008442,831123.1711.57$38,186
Apr 2008193,100110.3110.45$34,506
Mar 2008372,899101.909.66$31,786
Feb 2008173,32592.538.77$30,735
Jan 2008363,33990.388.21$30,653
Dec 200713,66588.337.30$26,850
Nov 200703,38891.677.29$24,704
Oct 200703,25082.856.92$22,496
Sep 200703,41775.846.24$21,336
Aug 200703,06869.066.39$19,598
Jul 200701,95970.906.39$12,514
Jun 200702,92562.007.55$22,079
May 200704,29758.747.85$33,715
Apr 200702,75159.617.81$21,472
Mar 200703,20456.927.30$23,396
Feb 200703,96455.108.22$32,568
Jan 200704,09850.306.73$27,567
Dec 200604,64356.656.92$32,122
Nov 200603,53454.207.62$26,920
Oct 200604,33454.906.01$26,064
Sep 200603,94160.085.04$19,852
Aug 200604,68668.717.34$34,395
Jul 200604,71869.376.34$29,925
Jun 200604,90366.286.38$31,300
May 200603,42866.016.42$22,025
Apr 200603,61264.397.36$26,586
Mar 200603,37256.707.08$23,884
Feb 200604,05657.597.75$31,439
Jan 200604,58760.598.93$40,977
Dec 200507,87154.9413.42$105,593
Nov 200508,10454.6910.59$85,808

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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                  825 Mcf  × $  2.87 =     $2,368

────────────────────────────────────────────────────
Month total                                   $2,368

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/217862 is the state's own key, not one this site invented.