METZGAR

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

Gas lease lease 224257District 05Field 644092102 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.0 M
Sep 2006 – May 2026
Value, last 12 filed months
$104 k
at the published price for each month
Months reported
237
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 300 leases and 300 wells, and the rule below applies to all of them.

Discovered
2002-10-08
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 2016-10-11.

The Commission's schedule remark for this field reads: BETWEEN WELL SPACING.

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 Gas112007-02-16173155
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
CondensateDisposition58 bbl$4,082
GasProduction1,215,729 Mcf$7,000,561
Total$7,004,643

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 31.7436, -96.0902. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.74358, -96.09021 · 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
12,820 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 12,820 ft.

Completions filed
Sep 2006
1 of 1 wells

1 well

42-16133642212,820 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 (237)

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

237 months

May 202601,077106.413.05$3,280
Apr 202602,23298.932.87$6,405
Mar 202602,53589.753.15$7,984
Feb 202602,32463.503.75$8,716
Jan 202603,05459.138.00$24,426
Dec 202503,36456.664.41$14,847
Nov 2025056858.593.93$2,230
Oct 202503,45359.383.30$11,412
Sep 2025017862.743.08$548
Aug 202502,22863.933.01$6,717
Jul 202501,76066.743.32$5,835
Jun 202503,66966.483.13$11,479
May 202504,04460.553.23$13,072
Apr 2025033562.363.54$1,187
Mar 2025031867.704.27$1,357
Feb 2025041470.884.34$1,797
Jan 2025058474.324.28$2,499
Dec 2024051668.993.12$1,611
Nov 2024043169.052.20$948
Oct 2024036471.372.28$830
Sep 2024042069.612.36$993
Aug 2024038275.632.06$788
Jul 2024059379.932.15$1,273
Jun 202401,31378.082.63$3,458
May 20240078.812.20$0
Apr 2024017484.451.66$289
Mar 2024026080.301.55$402
Feb 2024061076.091.78$1,088
Jan 2024057173.023.30$1,883
Dec 2023035771.262.61$932
Nov 2023060677.892.81$1,701
Oct 2023031285.443.09$963
Sep 2023018989.042.74$517
Aug 2023014580.522.67$388
Jul 2023031374.852.64$827
Jun 2023079168.962.26$1,786
May 2023030670.622.23$682
Apr 202302,43978.122.24$5,458
Mar 202301,80272.852.39$4,312
Feb 2023026675.112.47$656
Jan 2023091376.533.39$3,093
Dec 2022027876.415.73$1,593
Nov 2022056485.005.65$3,184
Oct 2022099887.185.86$5,852
Sep 202201,03384.888.16$8,433
Aug 202201,25894.529.13$11,482
Jul 202201,536101.587.54$11,585
Jun 202201,400115.097.98$11,168
May 202201,647109.378.43$13,889
Apr 202201,518104.226.84$10,379
Mar 202201,046108.885.08$5,310
Feb 202202,29491.054.86$11,146
Jan 202203,73981.844.54$16,966
Dec 2021022771.323.90$885
Nov 2021029577.435.24$1,545
Oct 202102,99379.795.71$17,102
Sep 202102,23969.865.35$11,981
Aug 20210066.024.22$0
Jul 202101,67470.783.98$6,666
Jun 202102,90069.493.38$9,804
May 202103,78663.483.02$11,425
Apr 202101,71160.362.76$4,720
Mar 202103,27461.302.72$8,895
Feb 202101,13757.805.55$6,308
Jan 2021068550.412.81$1,925
Dec 202003,27844.642.68$8,770
Nov 202002,32838.772.71$6,301
Oct 2020014736.972.48$364
Sep 202001,91837.091.99$3,819
Aug 202001,48939.982.39$3,551
Jul 202001,38738.371.83$2,531
Jun 202001,67734.901.69$2,835
May 202001,62116.921.81$2,942
Apr 202001,63114.751.80$2,943
Mar 202001,79230.341.86$3,326
Feb 202002,15849.881.98$4,274
Jan 202002,58857.252.09$5,421
Dec 201903,17659.012.30$7,319
Nov 201904,68455.302.75$12,884
Oct 201901,27053.472.42$3,072
Sep 201902,35855.052.66$6,266
Aug 201903,57853.112.30$8,245
Jul 201902,94956.272.46$7,255
Jun 201903,43452.782.49$8,555
May 201903,11858.482.74$8,544
Apr 201904,02762.632.75$11,077
Mar 201903,17656.803.06$9,725
Feb 201904,61650.852.79$12,889
Jan 201904,37546.033.23$14,123
Dec 201805,17546.594.19$21,660
Nov 201805,31352.934.24$22,512
Oct 201803,94061.443.40$13,388
Sep 201802,68159.543.11$8,333
Aug 201803,73159.403.07$11,441
Jul 201802,97065.142.93$8,708
Jun 201806,00260.183.08$18,468
May 201803,60065.382.90$10,443
Apr 201805,11963.842.90$14,849
Mar 201805,99861.222.79$16,715
Feb 201803,37561.782.77$9,336
Jan 201806,11462.874.01$24,513
Dec 201706,96557.272.92$20,348
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20161141.442.92$44
Jul 20160041.622.92$0
Jun 201601,13445.352.69$3,046
May 201601,85742.521.99$3,697
Apr 201601,76736.561.99$3,518
Mar 201602,26233.011.79$4,058
Feb 201601,60326.472.06$3,308
Jan 201601,21627.352.36$2,875
Dec 201512,98032.362.00$5,997
Nov 201501,53438.792.17$3,325
Oct 201504,49043.552.43$10,895
Sep 201504,04342.992.76$11,152
Aug 201504,12340.162.87$11,843
Jul 201503,99648.152.95$11,769
Jun 201501,95956.152.88$5,648
May 201501,35255.212.96$3,996
Apr 201501,80349.822.71$4,880
Mar 201503,03342.892.93$8,901
Feb 201504,50644.662.98$13,411
Jan 201501,81243.433.10$5,618
Dec 201404,04154.693.59$14,513
Nov 201404,29270.464.25$18,249
Oct 201401,60678.303.90$6,265
Sep 201401,03086.164.05$4,167
Aug 2014087689.394.04$3,535
Jul 201401,14396.564.18$4,777
Jun 201401,56098.164.74$7,390
May 201402,01794.734.73$9,533
Apr 201402,58895.944.81$12,446
Mar 201414,21695.895.06$21,415
Feb 201402,06697.406.19$12,793
Jan 201402,22190.404.86$10,796
Dec 201303,47891.824.35$15,145
Nov 201303,46888.853.74$12,964
Oct 201304,32497.423.78$16,342
Sep 201303,906104.113.72$14,521
Aug 201305,043104.253.52$17,765
Jul 201307,094102.523.72$26,374
Jun 201301,18694.403.93$4,665
May 201301,59894.834.15$6,630
Apr 201301,83293.964.28$7,846
Mar 2013087493.623.91$3,420
Feb 2013097491.233.42$3,331
Jan 201301,50991.603.42$5,161
Dec 201201,67186.773.42$5,715
Nov 201201,91386.953.62$6,935
Oct 201201,50589.383.40$5,117
Sep 201203,58194.672.92$10,451
Aug 201213,22092.662.91$9,457
Jul 2012095885.133.02$2,894
Jun 201202,55479.822.52$6,434
May 201204,22791.612.49$10,518
Apr 201215,737101.652.00$11,557
Mar 201213,599105.052.22$8,102
Feb 201204,354101.102.57$11,191
Jan 201216,15198.092.73$16,915
Dec 201103,46896.873.24$11,235
Nov 201101,08495.723.31$3,589
Oct 201104,28184.983.65$15,619
Sep 201105,33183.623.99$21,248
Aug 201104,38583.404.15$18,195
Jul 201138,30994.144.52$37,816
Jun 201112,59092.904.64$12,110
May 201102,16198.134.40$9,519
Apr 201102,430105.964.33$10,530
Mar 201115,46296.364.06$22,258
Feb 201114,82885.644.18$20,267
Jan 201115,31986.504.59$24,494
Dec 201004,17685.734.35$18,156
Nov 201006,27780.843.80$23,823
Oct 201003,39178.103.51$11,899
Sep 201015,80072.633.98$23,154
Aug 201007,79273.684.42$34,436
Jul 201002,98672.554.74$14,143
Jun 201005,65470.364.91$27,763
May 201016,67071.124.24$28,320
Apr 201006,95181.694.12$28,657
Mar 201007,98378.394.39$35,035
Feb 201007,65973.585.44$41,683
Jan 201006,94274.365.96$41,403
Dec 200907,61971.445.48$41,781
Nov 200907,61374.593.75$28,560
Oct 200917,94972.544.11$32,745
Sep 200907,21365.543.06$22,106
Aug 200908,56567.423.22$27,566
Jul 200909,03161.133.46$31,288
Jun 200909,77266.163.90$38,062
May 200908,73654.743.93$34,295
Apr 200909,66246.773.59$34,662
Mar 2009011,38942.144.06$46,228
Feb 2009010,92832.814.63$50,629
Jan 2009012,34935.865.37$66,326
Dec 2008011,60037.105.98$69,335
Nov 2008011,48355.496.86$78,778
Oct 2008012,27875.246.92$84,988
Sep 200809,258101.767.88$72,926
Aug 200818,760114.228.48$74,425
Jul 2008110,902131.0811.39$124,299
Jun 2008010,964131.3313.03$142,890
May 2008116,336123.1711.57$189,201
Apr 2008119,342110.3110.45$202,328
Mar 2008126,142101.909.66$252,740
Feb 2008015,64992.538.77$137,251
Jan 2008118,27090.388.21$150,009
Dec 2007117,31388.337.30$126,507
Nov 2007017,46891.677.29$127,371
Oct 2007018,44982.856.92$127,704
Sep 2007016,22675.846.24$101,318
Aug 2007022,83269.066.39$145,849
Jul 2007023,71270.906.39$151,471
Jun 2007024,91762.007.55$188,085
May 2007030,28758.747.85$237,640
Apr 2007731,24759.617.81$244,306
Mar 2007032,36456.927.30$236,321
Feb 20071623,58855.108.22$194,681
Jan 2007036,50650.306.73$245,570
Dec 2006048,54056.656.92$335,821
Nov 20061167,46854.207.62$514,532
Oct 2006041,06854.906.01$246,975
Sep 200603,92260.085.04$19,756

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                1,077 Mcf  × $  3.05 =     $3,280

────────────────────────────────────────────────────
Month total                                   $3,280

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/224257 is the state's own key, not one this site invented.