WORTHY GAS UNIT

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 224215District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.5 M
Jul 2006 – May 2026
Value, last 12 filed months
$90 k
at the published price for each month
Months reported
239
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 Gas112007-02-16173107
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
CondensateDisposition321 bbl$21,281
GasProduction1,694,748 Mcf$9,527,079
Total$9,548,360

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 31.5008, -96.2485. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.50075, -96.24847 · 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
12,964 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 12,964 ft.

Completions filed
Jul 2006
1 of 1 wells

1 well

42-161335311912,964 ftJul 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 (239)

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

239 months

May 20260994106.413.05$3,028
Apr 202602,71898.932.87$7,800
Mar 2026099289.753.15$3,124
Feb 202603,83563.503.75$14,382
Jan 202606,41859.138.00$51,331
Dec 2025086756.664.41$3,826
Nov 202504658.593.93$181
Oct 202502859.383.30$93
Sep 202504562.743.08$138
Aug 2025051863.933.01$1,562
Jul 2025081466.743.32$2,699
Jun 2025058666.483.13$1,833
May 2025065760.553.23$2,124
Apr 202501,22162.363.54$4,326
Mar 20251184567.704.27$4,351
Feb 202501,04570.884.34$4,536
Jan 202501,27674.324.28$5,460
Dec 202401,21468.993.12$3,789
Nov 202401,03169.052.20$2,267
Oct 202401,04971.372.28$2,393
Sep 202401,06169.612.36$2,509
Aug 202401,05775.632.06$2,181
Jul 2024055079.932.15$1,181
Jun 2024089078.082.63$2,344
May 20240078.812.20$0
Apr 2024062184.451.66$1,030
Mar 2024065180.301.55$1,006
Feb 2024098676.091.78$1,759
Jan 202401,02473.023.30$3,377
Dec 202301,16871.262.61$3,049
Nov 202301,35877.892.81$3,813
Oct 202301,49785.443.09$4,622
Sep 202301,16189.042.74$3,175
Aug 202301,19480.522.67$3,191
Jul 202301,07674.852.64$2,843
Jun 202301,74968.962.26$3,950
May 202302,22570.622.23$4,956
Apr 2023132,06178.122.24$5,628
Mar 202302,46872.852.39$5,906
Feb 202301,47375.112.47$3,632
Jan 202301,37876.533.39$4,668
Dec 202202,44976.415.73$14,031
Nov 202203,05685.005.65$17,255
Oct 202203,36587.185.86$19,732
Sep 202202,81084.888.16$22,940
Aug 202201,67294.529.13$15,261
Jul 202201,839101.587.54$13,870
Jun 202201,640115.097.98$13,083
May 202281,435109.378.43$12,976
Apr 202201,415104.226.84$9,675
Mar 202201,991108.885.08$10,107
Feb 202201,17891.054.86$5,724
Jan 202201,31081.844.54$5,944
Dec 202101,60771.323.90$6,266
Nov 202102,30577.435.24$12,071
Oct 202101,81779.795.71$10,382
Sep 202181,93669.865.35$10,918
Aug 202102,52466.024.22$10,653
Jul 202101,56270.783.98$6,220
Jun 202102,27769.493.38$7,698
May 202102,12363.483.02$6,407
Apr 202102,87660.362.76$7,933
Mar 202103,05961.302.72$8,311
Feb 202101,26857.805.55$7,035
Jan 202102,50950.412.81$7,051
Dec 202002,22644.642.68$5,956
Nov 202001,23938.772.71$3,353
Oct 202001,43536.972.48$3,557
Sep 202001,35437.091.99$2,696
Aug 202002,89039.982.39$6,893
Jul 2020088038.371.83$1,606
Jun 202091,23034.901.69$2,393
May 2020070916.921.81$1,287
Apr 2020072414.751.80$1,306
Mar 202002,88930.341.86$5,363
Feb 202002,73549.881.98$5,417
Jan 202002,96257.252.09$6,205
Dec 201901,59059.012.30$3,664
Nov 201903,48155.302.75$9,575
Oct 201901,57653.472.42$3,812
Sep 201902,85755.052.66$7,592
Aug 201901,68053.112.30$3,871
Jul 20191096756.272.46$2,942
Jun 20191168752.782.49$2,292
May 2019090158.482.74$2,469
Apr 201902,37062.632.75$6,519
Mar 201902,58956.803.06$7,928
Feb 201903,70650.852.79$10,348
Jan 201904,89446.033.23$15,799
Dec 201805,10646.594.19$21,371
Nov 201836,91152.934.24$29,442
Oct 201801,87261.443.40$6,361
Sep 201802,63759.543.11$8,196
Aug 201862,28759.403.07$7,370
Jul 201802,02365.142.93$5,931
Jun 2018039260.183.08$1,206
May 2018414865.382.90$691
Apr 2018081963.842.90$2,376
Mar 201801,47861.222.79$4,119
Feb 201842,16161.782.77$6,225
Jan 201802,65962.874.01$10,661
Dec 201701,87057.272.92$5,463
Nov 201702,74155.423.12$8,547
Oct 201741,93449.292.98$5,968
Sep 201703,32347.523.09$10,259
Aug 201703,81345.373.00$11,456
Jul 201703,37643.873.09$10,423
Jun 201742,47142.493.09$7,799
May 201742,43545.373.26$8,128
Apr 201704,40347.933.21$14,141
Mar 201741,98446.772.98$6,107
Feb 201704,21950.452.95$12,457
Jan 201753,76349.413.42$13,112
Dec 201603,67748.763.72$13,689
Nov 201603,60242.492.64$9,525
Oct 201604,08046.193.09$12,608
Sep 201694,43841.553.10$14,135
Aug 2016089241.442.92$2,609
Jul 201603,48741.622.92$10,197
Jun 201643,77245.352.69$10,312
May 201604,67842.521.99$9,314
Apr 201651,78436.561.99$3,735
Mar 201605,06133.011.79$9,079
Feb 201633,65526.472.06$7,622
Jan 201613,89927.352.36$9,246
Dec 201514,02632.362.00$8,090
Nov 201502,43438.792.17$5,275
Oct 201504,95543.552.43$12,024
Sep 201504,94242.992.76$13,632
Aug 201506,60140.162.87$18,961
Jul 201505,61448.152.95$16,534
Jun 201503,11556.152.88$8,980
May 201504,88955.212.96$14,449
Apr 201504,55049.822.71$12,315
Mar 201505,59342.892.93$16,414
Feb 201505,57644.662.98$16,595
Jan 201505,87943.433.10$18,229
Dec 201401,79954.693.59$6,461
Nov 201404,70970.464.25$20,022
Oct 201415,62178.303.90$22,006
Sep 201405,33086.164.05$21,562
Aug 201404,21689.394.04$17,012
Jul 201406,68996.564.18$27,957
Jun 201406,10298.164.74$28,904
May 201407,25294.734.73$34,277
Apr 201402,93195.944.81$14,096
Mar 201407,03695.895.06$35,580
Feb 201402,48997.406.19$15,412
Jan 201413,58890.404.86$17,531
Dec 201334,06291.824.35$17,963
Nov 201335,43188.853.74$20,569
Oct 201355,96597.423.78$23,031
Sep 201306,026104.113.72$22,403
Aug 201352,960104.253.52$10,948
Jul 201304,389102.523.72$16,317
Jun 2013106,45794.403.93$26,342
May 201303,90494.834.15$16,198
Apr 201334,59693.964.28$19,965
Mar 201304,34493.623.91$16,998
Feb 201304,75391.233.42$16,255
Jan 201332,54891.603.42$8,989
Dec 201225,65986.773.42$19,528
Nov 201203,38086.953.62$12,252
Oct 201216,17889.383.40$21,093
Sep 201206,21794.672.92$18,144
Aug 201206,62492.662.91$19,264
Jul 201204,55685.133.02$13,763
Jun 201203,80979.822.52$9,595
May 201206,45891.612.49$16,070
Apr 201206,342101.652.00$12,664
Mar 201208,333105.052.22$18,517
Feb 201205,514101.102.57$14,172
Jan 201206,98198.092.73$19,087
Dec 201104,12396.873.24$13,357
Nov 201107,52795.723.31$24,924
Oct 201107,40284.983.65$27,006
Sep 201104,92083.623.99$19,610
Aug 201113,83783.404.15$16,004
Jul 201106,35094.144.52$28,684
Jun 201116,30692.904.64$29,352
May 201106,18598.134.40$27,244
Apr 201134,994105.964.33$21,958
Mar 201105,63296.364.06$22,851
Feb 201155,41985.644.18$23,080
Jan 201137,24686.504.59$33,510
Dec 201023,74585.734.35$16,454
Nov 201023,84980.843.80$14,770
Oct 201046,03278.103.51$21,478
Sep 201078,71272.633.98$35,178
Aug 2010169,31673.684.42$42,350
Jul 2010159,31972.554.74$45,228
Jun 201007,66370.364.91$37,628
May 201079,25971.124.24$39,712
Apr 2010710,00081.694.12$41,799
Mar 201078,04478.394.39$35,851
Feb 2010139,10973.585.44$50,531
Jan 2010610,49774.365.96$63,051
Dec 2009011,63871.445.48$63,820
Nov 200939,57474.593.75$36,141
Oct 200909,10572.544.11$37,424
Sep 2009111,81065.543.06$36,260
Aug 200938,65467.423.22$28,055
Jul 2009013,85161.133.46$47,987
Jun 2009710,53666.163.90$41,501
May 2009512,67254.743.93$50,021
Apr 2009913,20046.773.59$47,776
Mar 20091314,53442.144.06$59,541
Feb 2009814,89632.814.63$69,276
Jan 2009517,09635.865.37$92,002
Dec 200805,34137.105.98$31,924
Nov 2008014,90955.496.86$102,281
Oct 2008013,49175.246.92$93,384
Sep 2008014,244101.767.88$112,201
Aug 2008014,540114.228.48$123,343
Jul 2008016,828131.0811.39$191,661
Jun 2008016,698131.3313.03$217,619
May 2008016,435123.1711.57$190,223
Apr 2008016,883110.3110.45$176,509
Mar 2008020,855101.909.66$201,544
Feb 2008020,24792.538.77$177,578
Jan 2008021,85990.388.21$179,369
Dec 2007022,09888.337.30$161,359
Nov 2007022,88791.677.29$166,885
Oct 2007026,23482.856.92$181,591
Sep 2007025,73375.846.24$160,681
Aug 2007025,49469.066.39$162,854
Jul 2007028,35570.906.39$181,130
Jun 2007032,09262.007.55$242,245
May 2007024,23358.747.85$190,139
Apr 2007026,34459.617.81$205,620
Mar 2007030,76856.927.30$224,667
Feb 2007033,16755.108.22$272,500
Jan 2007042,64750.306.73$286,880
Dec 2006045,14856.656.92$312,354
Nov 2006047,43954.207.62$361,366
Oct 2006066,12154.906.01$397,638
Sep 2006091,31560.085.04$459,972
Aug 2006079,28968.717.34$581,975
Jul 2006020,28969.376.34$128,688

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                  994 Mcf  × $  3.05 =     $3,028

────────────────────────────────────────────────────
Month total                                   $3,028

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/224215 is the state's own key, not one this site invented.