HOLMES "A"

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 226903District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.2 M
Feb 2007 – May 2026
Value, last 12 filed months
$38 k
at the published price for each month
Months reported
232
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 Gas112007-07-19178632
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
CondensateDisposition13 bbl$820
GasProduction2,175,235 Mcf$13,188,747
Total$13,189,567

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 31.4377, -96.2349. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.43770, -96.23493 · 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
14,240 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 14,240 ft.

Completions filed
Apr 2007
1 of 1 wells

1 well

42-161337042214,240 ftApr 2007

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 (232)

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

232 months

May 20260920106.413.05$2,802
Apr 202601,05998.932.87$3,039
Mar 202601,05689.753.15$3,326
Feb 202601,05563.503.75$3,957
Jan 2026088259.138.00$7,054
Dec 2025094256.664.41$4,157
Nov 2025084058.593.93$3,298
Oct 2025082159.383.30$2,713
Sep 2025087162.743.08$2,680
Aug 2025072863.933.01$2,195
Jul 2025033966.743.32$1,124
Jun 2025051266.483.13$1,602
May 2025060360.553.23$1,949
Apr 2025051162.363.54$1,811
Mar 2025050867.704.27$2,168
Feb 2025031070.884.34$1,346
Jan 2025056974.324.28$2,435
Dec 2024063268.993.12$1,973
Nov 2024020269.052.20$444
Oct 2024059671.372.28$1,360
Sep 2024086869.612.36$2,052
Aug 2024370975.632.06$1,690
Jul 2024092279.932.15$1,979
Jun 202401,31078.082.63$3,451
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 2024063080.301.55$973
Feb 2024071076.091.78$1,266
Jan 2024064873.023.30$2,137
Dec 2023072371.262.61$1,888
Nov 2023057277.892.81$1,606
Oct 2023084085.443.09$2,593
Sep 2023060189.042.74$1,644
Aug 2023074380.522.67$1,986
Jul 2023086474.852.64$2,283
Jun 2023076068.962.26$1,716
May 2023078170.622.23$1,740
Apr 2023085478.122.24$1,911
Mar 202301,63572.852.39$3,913
Feb 202301,48075.112.47$3,649
Jan 2023096576.533.39$3,269
Dec 2022057676.415.73$3,300
Nov 2022073185.005.65$4,127
Oct 2022038187.185.86$2,234
Sep 2022036784.888.16$2,996
Aug 2022085294.529.13$7,776
Jul 20220339101.587.54$2,557
Jun 20220194115.097.98$1,548
May 20220657109.378.43$5,541
Apr 20220258104.226.84$1,764
Mar 20220206108.885.08$1,046
Feb 2022029591.054.86$1,433
Jan 2022027681.844.54$1,252
Dec 2021054571.323.90$2,125
Nov 2021071977.435.24$3,765
Oct 2021084279.795.71$4,811
Sep 2021074669.865.35$3,992
Aug 2021036766.024.22$1,549
Jul 2021037270.783.98$1,481
Jun 2021050669.493.38$1,711
May 2021163463.483.02$1,977
Apr 2021068560.362.76$1,890
Mar 202101,47461.302.72$4,005
Feb 2021054657.805.55$3,029
Jan 2021077250.412.81$2,170
Dec 2020057944.642.68$1,549
Nov 2020050338.772.71$1,361
Oct 2020087336.972.48$2,164
Sep 2020051537.091.99$1,025
Aug 2020058639.982.39$1,398
Jul 2020158438.371.83$1,104
Jun 2020056234.901.69$950
May 2020070616.921.81$1,281
Apr 2020077414.751.80$1,397
Mar 2020072230.341.86$1,340
Feb 202001,60749.881.98$3,183
Jan 2020046057.252.09$964
Dec 2019057759.012.30$1,330
Nov 2019079155.302.75$2,176
Oct 2019086253.472.42$2,085
Sep 201901,37855.052.66$3,662
Aug 2019089653.112.30$2,065
Jul 2019086056.272.46$2,116
Jun 2019081352.782.49$2,025
May 201901,18558.482.74$3,247
Apr 2019396662.632.75$2,845
Mar 2019088856.803.06$2,719
Feb 2019091750.852.79$2,560
Jan 201901,02246.033.23$3,299
Dec 201801,74946.594.19$7,320
Nov 201801,95252.934.24$8,271
Oct 201801,35861.443.40$4,615
Sep 201801,15559.543.11$3,590
Aug 201802,03759.403.07$6,247
Jul 201841,72865.142.93$5,327
Jun 201801,06360.183.08$3,271
May 201801,18465.382.90$3,435
Apr 2018098263.842.90$2,849
Mar 201801,34361.222.79$3,743
Feb 201801,11661.782.77$3,087
Jan 201801,98762.874.01$7,967
Dec 201701,11857.272.92$3,266
Nov 201701,48555.423.12$4,631
Oct 201701,59149.292.98$4,747
Sep 201701,06247.523.09$3,279
Aug 201701,31345.373.00$3,945
Jul 201701,56343.873.09$4,825
Jun 201711,35442.493.09$4,223
May 201701,82145.373.26$5,943
Apr 201701,13347.933.21$3,639
Mar 201701,22846.772.98$3,664
Feb 201701,22350.452.95$3,611
Jan 201701,37249.413.42$4,691
Dec 201601,26648.763.72$4,713
Nov 201601,43842.492.64$3,803
Oct 201601,01946.193.09$3,149
Sep 201601,03541.553.10$3,209
Aug 2016082841.442.92$2,421
Jul 201601,11841.622.92$3,269
Jun 201601,11545.352.69$2,995
May 201601,03442.521.99$2,059
Apr 2016089136.561.99$1,774
Mar 201601,22333.011.79$2,194
Feb 2016096426.472.06$1,989
Jan 201601,22327.352.36$2,892
Dec 201501,03632.362.00$2,073
Nov 201501,13738.792.17$2,464
Oct 201501,66943.552.43$4,050
Sep 201501,67842.992.76$4,629
Aug 201501,31440.162.87$3,774
Jul 2015097048.152.95$2,857
Jun 201501,85456.152.88$5,345
May 201503,38255.212.96$9,995
Apr 201503,38849.822.71$9,170
Mar 201503,09642.892.93$9,086
Feb 201503,06044.662.98$9,107
Jan 201502,74543.433.10$8,511
Dec 201403,67354.693.59$13,191
Nov 201401,98370.464.25$8,431
Oct 201401,94178.303.90$7,572
Sep 201403,44486.164.05$13,933
Aug 201406,03989.394.04$24,368
Jul 201403,93396.564.18$16,438
Jun 201402,80398.164.74$13,277
May 201402,71194.734.73$12,814
Apr 201403,08395.944.81$14,827
Mar 201407,52795.895.06$38,063
Feb 201407,16397.406.19$44,353
Jan 201407,09490.404.86$34,482
Dec 2013010,36691.824.35$45,139
Nov 201309,46088.853.74$35,364
Oct 2013011,49997.423.78$43,459
Sep 2013010,515104.113.72$39,092
Aug 201309,104104.253.52$32,070
Jul 201301,986102.523.72$7,383
Jun 201304,77794.403.93$18,790
May 2013010,22194.834.15$42,408
Apr 2013011,17793.964.28$47,867
Mar 2013012,20093.623.91$47,737
Feb 2013010,51991.233.42$35,974
Jan 2013012,97391.603.42$44,366
Dec 2012011,05186.773.42$37,796
Nov 201209,08986.953.62$32,947
Oct 201209,83289.383.40$33,426
Sep 2012010,30794.672.92$30,080
Aug 2012012,39792.662.91$36,052
Jul 2012013,74285.133.02$41,512
Jun 2012014,06979.822.52$35,440
May 2012013,72891.612.49$34,160
Apr 2012013,142101.652.00$26,242
Mar 201205,723105.052.22$12,717
Feb 201207,474101.102.57$19,210
Jan 2012011,12298.092.73$30,408
Dec 2011012,72896.873.24$41,235
Nov 2011012,40695.723.31$41,080
Oct 2011014,11884.983.65$51,510
Sep 2011017,74383.623.99$70,720
Aug 2011022,70483.404.15$94,206
Jul 2011021,72594.144.52$98,137
Jun 2011019,68892.904.64$91,350
May 2011021,27198.134.40$93,695
Apr 2011021,347105.964.33$92,503
Mar 2011022,76096.364.06$92,345
Feb 201105,19785.644.18$21,723
Jan 2011013,58486.504.59$62,334
Dec 2010023,55185.734.35$102,394
Nov 2010015,68480.843.80$59,526
Oct 201004,74278.103.51$16,639
Sep 2010013,92172.633.98$55,398
Aug 2010015,77673.684.42$69,720
Jul 2010016,14872.554.74$76,485
Jun 2010014,22870.364.91$69,865
May 2010012,37271.124.24$52,398
Apr 2010011,15081.694.12$45,968
Mar 2010014,05478.394.39$61,678
Feb 2010012,95173.585.44$70,484
Jan 2010018,71074.365.96$111,588
Dec 2009018,69671.445.48$102,524
Nov 2009018,57774.593.75$69,692
Oct 2009019,03772.544.11$78,247
Sep 2009019,00365.543.06$58,239
Aug 2009019,93567.423.22$64,161
Jul 2009019,68061.133.46$68,181
Jun 2009020,75166.163.90$80,825
May 2009022,38354.743.93$87,870
Apr 2009022,95146.773.59$82,337
Mar 2009025,82442.144.06$104,820
Feb 2009017,76732.814.63$82,315
Jan 2009020,77335.865.37$111,572
Dec 2008022,55137.105.98$134,790
Nov 2008026,95055.496.86$184,887
Oct 2008033,54175.246.92$232,170
Sep 2008038,017101.767.88$299,463
Aug 2008035,049114.228.48$297,321
Jul 2008037,876131.0811.39$431,386
Jun 2008042,047131.3313.03$547,983
May 2008045,772123.1711.57$529,778
Apr 2008040,994110.3110.45$428,587
Mar 2008051,174101.909.66$494,549
Feb 2008047,44292.538.77$416,094
Jan 2008054,27090.388.21$445,325
Dec 2007054,07888.337.30$394,876
Nov 2007055,72291.677.29$406,308
Oct 2007054,32182.856.92$376,009
Sep 2007057,49275.846.24$358,989
Aug 2007057,57569.066.39$367,786
Jul 2007059,84370.906.39$382,273
Jun 2007075,79762.007.55$572,150
May 20070119,74058.747.85$939,514
Apr 2007078,80059.617.81$615,050
Mar 2007010,27256.927.30$75,006
Feb 2007018,17355.108.22$149,309

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                  920 Mcf  × $  3.05 =     $2,802

────────────────────────────────────────────────────
Month total                                   $2,802

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/226903 is the state's own key, not one this site invented.