BLACK

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 218862District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$14.9 M
Apr 2006 – May 2026
Value, last 12 filed months
$48 k
at the published price for each month
Months reported
242
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 Gas112006-11-30170363
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
CondensateDisposition253 bbl$16,816
GasProduction2,597,062 Mcf$14,849,192
Total$14,866,008

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 31.3887, -96.2786. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38871, -96.27856 · 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
14,597 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 14,597 ft.

Completions filed
Sep 2006
1 of 1 wells

1 well

42-28931547514,597 ftSep 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 (242)

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

242 months

May 202601,302106.413.05$3,966
Apr 202601,28298.932.87$3,679
Mar 202601,28789.753.15$4,053
Feb 2026045863.503.75$1,718
Jan 202601,24859.138.00$9,981
Dec 2025054056.664.41$2,383
Nov 202501,21758.593.93$4,778
Oct 202501,23359.383.30$4,075
Sep 202501,14862.743.08$3,532
Aug 2025099263.933.01$2,991
Jul 2025091066.743.32$3,017
Jun 202501,19166.483.13$3,726
May 202501,06060.553.23$3,426
Apr 2025068562.363.54$2,427
Mar 2025064267.704.27$2,740
Feb 202501,24570.884.34$5,404
Jan 202501,32174.324.28$5,652
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 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 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
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 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 202104060.362.76$110
Mar 202104961.302.72$133
Feb 20210757.805.55$39
Jan 202108450.412.81$236
Dec 2020044444.642.68$1,188
Nov 2020012438.772.71$336
Oct 2020018036.972.48$446
Sep 2020014837.091.99$295
Aug 2020030939.982.39$737
Jul 202006238.371.83$113
Jun 202006534.901.69$110
May 2020025716.921.81$466
Apr 2020045814.751.80$826
Mar 202001,31430.341.86$2,439
Feb 2020063449.881.98$1,256
Jan 2020026357.252.09$551
Dec 2019033459.012.30$770
Nov 2019044455.302.75$1,221
Oct 2019046553.472.42$1,125
Sep 2019096255.052.66$2,556
Aug 201902,18353.112.30$5,030
Jul 201902,08956.272.46$5,139
Jun 201902,64752.782.49$6,594
May 201902,30358.482.74$6,311
Apr 201902,47362.632.75$6,802
Mar 201902,30656.803.06$7,061
Feb 201901,70050.852.79$4,747
Jan 201902,97746.033.23$9,610
Dec 201803,63646.594.19$15,218
Nov 201801,59152.934.24$6,741
Oct 201802,02661.443.40$6,885
Sep 201801,88759.543.11$5,865
Aug 201813,20759.403.07$9,894
Jul 201803,14365.142.93$9,215
Jun 201805,38960.183.08$16,582
May 201805,57665.382.90$16,175
Apr 201804,00163.842.90$11,606
Mar 201801,86161.222.79$5,186
Feb 201801,19161.782.77$3,294
Jan 201802,04462.874.01$8,195
Dec 201716,77757.272.92$19,856
Nov 201705,36955.423.12$16,742
Oct 201708,27349.292.98$24,684
Sep 201708,76447.523.09$27,057
Aug 201708,60345.373.00$25,847
Jul 201707,98343.873.09$24,646
Jun 2017189,60742.493.09$30,424
May 201708,95845.373.26$29,234
Apr 201708,21747.933.21$26,390
Mar 201705,23446.772.98$15,617
Feb 2017205,68150.452.95$17,783
Jan 201706,62749.413.42$22,656
Dec 201658,18248.763.72$30,704
Nov 201605,34042.492.64$14,121
Oct 201606,74446.193.09$20,841
Sep 201604,89741.553.10$15,184
Aug 201605,19041.442.92$15,177
Jul 201605,58441.622.92$16,330
Jun 201605,56645.352.69$14,949
May 201606,80042.521.99$13,539
Apr 201605,71836.561.99$11,385
Mar 201608,28633.011.79$14,865
Feb 201605,57026.472.06$11,494
Jan 201604,21227.352.36$9,959
Dec 201504,12032.362.00$8,246
Nov 201501,76238.792.17$3,819
Oct 201503,05743.552.43$7,418
Sep 201501,67242.992.76$4,612
Aug 201501,09440.162.87$3,143
Jul 201501,03148.152.95$3,036
Jun 201562,55656.152.88$7,705
May 201506,52855.212.96$19,293
Apr 201505,68849.822.71$15,395
Mar 2015126,16442.892.93$18,604
Feb 201503,52444.662.98$10,488
Jan 201564,92843.433.10$15,540
Dec 201406,31454.693.59$22,676
Nov 201406,27870.464.25$26,693
Oct 201406,28578.303.90$24,518
Sep 201407,61486.164.05$30,802
Aug 2014010,45189.394.04$42,171
Jul 201409,45196.564.18$39,501
Jun 201408,46298.164.74$40,083
May 2014010,04194.734.73$47,459
Apr 2014010,21695.944.81$49,130
Mar 201409,90695.895.06$50,093
Feb 201409,64697.406.19$59,728
Jan 2014010,92990.404.86$53,123
Dec 2013011,13391.824.35$48,478
Nov 2013010,40788.853.74$38,904
Oct 2013010,11197.423.78$38,213
Sep 201309,597104.113.72$35,679
Aug 2013011,086104.253.52$39,052
Jul 2013010,640102.523.72$39,557
Jun 2013010,29394.403.93$40,487
May 2013013,76094.834.15$57,091
Apr 2013014,49393.964.28$62,068
Mar 2013013,50393.623.91$52,835
Feb 2013011,55691.233.42$39,520
Jan 2013013,34891.603.42$45,649
Dec 2012011,89986.773.42$40,696
Nov 2012011,68886.953.62$42,369
Oct 2012011,91589.383.40$40,507
Sep 2012010,07294.672.92$29,394
Aug 2012011,02592.662.91$32,062
Jul 2012011,28885.133.02$34,099
Jun 2012010,96679.822.52$27,624
May 2012011,55791.612.49$28,758
Apr 2012011,006101.652.00$21,977
Mar 2012011,209105.052.22$24,907
Feb 2012011,840101.102.57$30,432
Jan 2012012,06898.092.73$32,995
Dec 2011010,30796.873.24$33,392
Nov 201109,79795.723.31$32,441
Oct 2011011,86984.983.65$43,305
Sep 2011011,41283.623.99$45,486
Aug 2011012,14683.404.15$50,398
Jul 2011010,86894.144.52$49,093
Jun 2011011,36192.904.64$52,714
May 2011012,40898.134.40$54,655
Apr 2011011,232105.964.33$48,671
Mar 2011014,12996.364.06$57,326
Feb 2011011,75985.644.18$49,152
Jan 2011211,56986.504.59$53,261
Dec 2010013,63085.734.35$59,260
Nov 20101815,45980.843.80$60,127
Oct 2010012,80978.103.51$44,945
Sep 2010012,90272.633.98$51,343
Aug 20101513,45873.684.42$60,581
Jul 20101012,92472.554.74$61,940
Jun 2010158,95970.364.91$45,048
May 20101913,09671.124.24$56,816
Apr 2010018,53981.694.12$76,431
Mar 2010018,86778.394.39$82,801
Feb 2010018,31373.585.44$99,666
Jan 2010018,96774.365.96$113,121
Dec 2009020,87571.445.48$114,473
Nov 2009020,55674.593.75$77,116
Oct 2009020,91972.544.11$85,982
Sep 2009019,97365.543.06$61,212
Aug 2009019,48067.423.22$62,696
Jul 2009221,49361.133.46$74,585
Jun 2009120,70266.163.90$80,700
May 2009019,86954.743.93$78,001
Apr 2009124,35446.773.59$87,417
Mar 20091225,13142.144.06$102,512
Feb 2009119,81632.814.63$91,840
Jan 2009021,47635.865.37$115,348
Dec 2008018,90737.105.98$113,010
Nov 2008018,66355.496.86$128,035
Oct 2008031,76775.246.92$219,891
Sep 2008017,063101.767.88$134,407
Aug 2008022,666114.228.48$192,276
Jul 2008024,854131.0811.39$283,073
Jun 2008031,756131.3313.03$413,864
May 2008032,177123.1711.57$372,426
Apr 2008133,504110.3110.45$350,390
Mar 20081735,903101.909.66$348,701
Feb 20081238,52992.538.77$339,032
Jan 2008439,24590.388.21$322,395
Dec 2007136,88088.337.30$269,385
Nov 2007136,37691.677.29$265,335
Oct 2007049,37782.856.92$341,787
Sep 2007554,71875.846.24$342,047
Aug 2007054,25169.066.39$346,552
Jul 20072959,72670.906.39$383,582
Jun 2007047,89462.007.55$361,525
May 2007056,54158.747.85$443,637
Apr 2007349,81459.617.81$388,987
Mar 2007661,25056.927.30$447,587
Feb 2007551,55755.108.22$423,868
Jan 2007358,94350.306.73$396,652
Dec 2006076,19956.656.92$527,178
Nov 2006157,10454.207.62$435,043
Oct 2006068,99054.906.01$414,892
Sep 2006082,37660.085.04$414,944
Aug 200601,53168.717.34$11,237
Jul 20060069.376.34$0
Jun 200609,99066.286.38$63,775
May 2006042,31966.016.42$271,900
Apr 2006059,77564.397.36$439,973

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                1,302 Mcf  × $  3.05 =     $3,966

────────────────────────────────────────────────────
Month total                                   $3,966

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/218862 is the state's own key, not one this site invented.