PHILLIPS "A" #1 GAS UNIT

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 226281District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.0 M
Apr 2006 – May 2026
Value, last 12 filed months
$45 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 Gas112007-06-18174939
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
CondensateDisposition1,578 bbl$117,849
GasProduction1,383,340 Mcf$6,867,781
Total$6,985,630

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 31.4260, -96.2996. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.42598, -96.29958 · 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
13,850 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 13,850 ft.

Completions filed
Apr 2006
1 of 1 wells

1 well

42-29330823113,850 ftApr 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 202601,102106.413.05$3,357
Apr 202601,20898.932.87$3,467
Mar 2026077889.753.15$2,450
Feb 2026023563.503.75$881
Jan 202601,03459.138.00$8,270
Dec 2025015056.664.41$662
Nov 2025066458.593.93$2,607
Oct 202502,54059.383.30$8,394
Sep 202501,18262.743.08$3,637
Aug 2025026063.933.01$784
Jul 202501,00766.743.32$3,338
Jun 202502,27866.483.13$7,127
May 202502,56060.553.23$8,275
Apr 202501,62762.363.54$5,765
Mar 202503567.704.27$149
Feb 2025060170.884.34$2,609
Jan 2025057974.324.28$2,477
Dec 202401,35168.993.12$4,217
Nov 2024011769.052.20$257
Oct 2024014971.372.28$340
Sep 2024018469.612.36$435
Aug 2024015275.632.06$314
Jul 2024048079.932.15$1,030
Jun 2024074078.082.63$1,949
May 2024015078.812.20$330
Apr 2024010684.451.66$176
Mar 2024036580.301.55$564
Feb 202401,16276.091.78$2,073
Jan 2024026373.023.30$867
Dec 202306171.262.61$159
Nov 202309477.892.81$264
Oct 202308585.443.09$262
Sep 202308089.042.74$219
Aug 2023042980.522.67$1,147
Jul 202301,08374.852.64$2,861
Jun 202301,31868.962.26$2,977
May 202301670.622.23$36
Apr 202301,25478.122.24$2,806
Mar 202301,29272.852.39$3,092
Feb 202302,14675.112.47$5,291
Jan 202303,54876.533.39$12,020
Dec 202203,68276.415.73$21,094
Nov 202203,44485.005.65$19,446
Oct 202204,06287.185.86$23,819
Sep 202204,23884.888.16$34,598
Aug 202204,27394.529.13$39,000
Jul 202204,482101.587.54$33,804
Jun 202204,373115.097.98$34,884
May 202204,752109.378.43$40,074
Apr 202204,821104.226.84$32,964
Mar 202205,609108.885.08$28,474
Feb 202204,69991.054.86$22,832
Jan 202205,06181.844.54$22,965
Dec 202104,97271.323.90$19,386
Nov 202104,78077.435.24$25,032
Oct 202104,86279.795.71$27,781
Sep 202104,86369.865.35$26,022
Aug 202104,73566.024.22$19,984
Jul 202103,45970.783.98$13,774
Jun 202103,13069.493.38$10,581
May 202103,24163.483.02$9,780
Apr 202103,22360.362.76$8,890
Mar 202103,26261.302.72$8,863
Feb 202101,39157.805.55$7,717
Jan 202103,92350.412.81$11,025
Dec 202003,35544.642.68$8,976
Nov 202002,43438.772.71$6,588
Oct 202003,47736.972.48$8,618
Sep 202003,16337.091.99$6,298
Aug 202003,90939.982.39$9,323
Jul 202003,76538.371.83$6,872
Jun 202003,38234.901.69$5,717
May 202003,76216.921.81$6,827
Apr 202003,86714.751.80$6,978
Mar 202003,74730.341.86$6,955
Feb 202003,69449.881.98$7,317
Jan 202004,40057.252.09$9,217
Dec 201907059.012.30$161
Nov 201902,38655.302.75$6,563
Oct 201903,58453.472.42$8,668
Sep 201903,42355.052.66$9,096
Aug 201903,49753.112.30$8,058
Jul 201903,44356.272.46$8,470
Jun 201903,73652.782.49$9,307
May 201904,60158.482.74$12,608
Apr 201902,96162.632.75$8,145
Mar 201901,32156.803.06$4,045
Feb 2019020650.852.79$575
Jan 201902,93846.033.23$9,484
Dec 201803,28246.594.19$13,737
Nov 201802,88852.934.24$12,237
Oct 201803,57361.443.40$12,141
Sep 201803,67959.543.11$11,434
Aug 201803,38359.403.07$10,374
Jul 201803,48865.142.93$10,226
Jun 201803,14760.183.08$9,683
May 201803,48165.382.90$10,098
Apr 201803863.842.90$110
Mar 20180561.222.79$14
Feb 201801,07961.782.77$2,985
Jan 201802,14862.874.01$8,612
Dec 201703,41857.272.92$9,986
Nov 201704,69855.423.12$14,650
Oct 201703,32449.292.98$9,918
Sep 201704,81147.523.09$14,853
Aug 201704,80045.373.00$14,421
Jul 201704,26443.873.09$13,164
Jun 201704,24242.493.09$13,096
May 201705,34145.373.26$17,430
Apr 201705,38547.933.21$17,294
Mar 201705,08546.772.98$15,172
Feb 201706,01550.452.95$17,760
Jan 201701,86949.413.42$6,390
Dec 201603,38348.763.72$12,594
Nov 201602,77942.492.64$7,349
Oct 201605,88146.193.09$18,174
Sep 201605,19341.553.10$16,102
Aug 201605,58841.442.92$16,341
Jul 201602,98841.622.92$8,738
Jun 201605,31445.352.69$14,273
May 201604,55842.521.99$9,075
Apr 201606,19536.561.99$12,334
Mar 201604,78533.011.79$8,584
Feb 201605,76626.472.06$11,899
Jan 201607,15327.352.36$16,912
Dec 201504,09832.362.00$8,202
Nov 201503,71438.792.17$8,049
Oct 201503,19443.552.43$7,751
Sep 201505,96842.992.76$16,462
Aug 201505,07540.162.87$14,578
Jul 201504,16948.152.95$12,278
Jun 201505,77256.152.88$16,640
May 201506,86255.212.96$20,280
Apr 201507,16749.822.71$19,398
Mar 201505,69142.892.93$16,701
Feb 20151786,02644.662.98$25,884
Jan 201517,07343.433.10$21,974
Dec 201407,53554.693.59$27,061
Nov 201404,79870.464.25$20,400
Oct 201407,22378.303.90$28,177
Sep 201426,03186.164.05$24,570
Aug 201407,33689.394.04$29,602
Jul 201407,85196.564.18$32,814
Jun 201406,53098.164.74$30,932
May 201417,69794.734.73$36,475
Apr 201407,78095.944.81$37,415
Mar 201408,42395.895.06$42,593
Feb 201405,04397.406.19$31,226
Jan 201402,89890.404.86$14,086
Dec 201308,22191.824.35$35,798
Nov 20131537,86288.853.74$42,984
Oct 201308,76797.423.78$33,134
Sep 201308,244104.113.72$30,649
Aug 201309,174104.253.52$32,316
Jul 201308,932102.523.72$33,207
Jun 201319,40994.403.93$37,104
May 2013010,50094.834.15$43,565
Apr 2013110,55893.964.28$45,310
Mar 2013011,63993.623.91$45,542
Feb 2013111,38091.233.42$39,010
Jan 2013113,01091.603.42$44,585
Dec 201228,59286.773.42$29,560
Nov 201217,23586.953.62$26,314
Oct 201227,64889.383.40$26,180
Sep 201238,35994.672.92$24,679
Aug 201238,93492.662.91$26,259
Jul 201227,50685.133.02$22,844
Jun 201217,24979.822.52$18,340
May 201207,84491.612.49$19,518
Apr 20121147,237101.652.00$26,039
Mar 201201,284105.052.22$2,853
Feb 201205,890101.102.57$15,139
Jan 201216,34098.092.73$17,432
Dec 201127,31096.873.24$23,876
Nov 201117,14295.723.31$23,745
Oct 201118,51184.983.65$31,138
Sep 2011110,69783.623.99$42,720
Aug 20114483.404.15$350
Jul 201109994.144.52$447
Jun 201116,11492.904.64$28,461
May 201108,56798.134.40$37,736
Apr 201117,817105.964.33$33,979
Mar 201129,19896.364.06$37,512
Feb 2011312,21285.644.18$51,303
Jan 201115,92786.504.59$27,284
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 2010187878.103.51$3,159
Sep 201005,81672.633.98$23,145
Aug 201005,44773.684.42$24,072
Jul 201016,11172.554.74$29,017
Jun 201007,70270.364.91$37,820
May 201001,39071.124.24$5,887
Apr 201006,07981.694.12$25,062
Mar 201015,69378.394.39$25,063
Feb 20101815,66973.585.44$44,171
Jan 201017,80974.365.96$46,648
Dec 200907,42171.445.48$40,695
Nov 200906,59974.593.75$24,756
Oct 200908,30172.544.11$34,119
Sep 200918,38165.543.06$25,751
Aug 200916,89967.423.22$22,272
Jul 200908,46761.133.46$29,334
Jun 200909,71766.163.90$37,848
May 200907,79754.743.93$30,609
Apr 2009010,12846.773.59$36,334
Mar 200909,59942.144.06$38,962
Feb 200908,94132.814.63$41,424
Jan 200909,33835.865.37$50,154
Dec 200809,70237.105.98$57,990
Nov 200809,86055.496.86$67,643
Oct 200816010,71775.246.92$86,221
Sep 2008212,290101.767.88$97,013
Aug 2008010,021114.228.48$85,008
Jul 200807,060131.0811.39$80,409
Jun 200809,473131.3313.03$123,458
May 2008010,775123.1711.57$124,713
Apr 2008010,753110.3110.45$112,421
Mar 200817811,576101.909.66$130,009
Feb 2008111,60492.538.77$101,866
Jan 2008112,91790.388.21$106,084
Dec 2007014,01888.337.30$102,359
Nov 2007013,23391.677.29$96,491
Oct 200716114,57482.856.92$114,220
Sep 2007013,74875.846.24$85,845
Aug 2007116,16769.066.39$103,343
Jul 2007116,98270.906.39$108,551
Jun 200717311,32962.007.55$96,242
May 2007016,88758.747.85$132,500
Apr 2007017,51059.617.81$136,669
Mar 2007019,75856.927.30$144,272
Feb 200717219,65755.108.22$170,979
Jan 2007023,67050.306.73$159,225
Dec 20065124,68056.656.92$173,636
Nov 2006530,00454.207.62$228,826
Oct 2006027,98754.906.01$168,308
Sep 20060060.085.04$0
Aug 2006010,87768.717.34$79,836
Jul 2006018,62469.376.34$118,128
Jun 2006011,25066.286.38$71,819
May 20060066.016.42$0
Apr 2006014064.397.36$1,030

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                1,102 Mcf  × $  3.05 =     $3,357

────────────────────────────────────────────────────
Month total                                   $3,357

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/226281 is the state's own key, not one this site invented.