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 229192District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.8 M
Feb 2007 – May 2026
Value, last 12 filed months
$0
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 Gas112007-11-19177073
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
CondensateDisposition178 bbl$15,415
GasProduction1,451,353 Mcf$8,813,472
Total$8,828,888

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 31.4360, -96.2353. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.43602, -96.23531 · 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
14,248 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 14,248 ft.

Completions filed
May 2007
1 of 1 wells

1 well

42-161337052114,248 ftMay 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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
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 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 2020020049.881.98$396
Jan 2020016157.252.09$337
Dec 2019030059.012.30$691
Nov 2019027655.302.75$759
Oct 2019023953.472.42$578
Sep 2019041455.052.66$1,100
Aug 2019050053.112.30$1,152
Jul 2019052356.272.46$1,287
Jun 2019053252.782.49$1,325
May 2019047758.482.74$1,307
Apr 2019043262.632.75$1,188
Mar 2019044556.803.06$1,363
Feb 2019025750.852.79$718
Jan 201901,39346.033.23$4,497
Dec 201807446.594.19$310
Nov 2018010852.934.24$458
Oct 2018016961.443.40$574
Sep 201801,29159.543.11$4,012
Aug 2018021459.403.07$656
Jul 2018182365.142.93$2,478
Jun 2018045460.183.08$1,397
May 2018026965.382.90$780
Apr 2018089063.842.90$2,582
Mar 2018027361.222.79$761
Feb 2018019861.782.77$548
Jan 2018087862.874.01$3,520
Dec 2017044957.272.92$1,312
Nov 2017078355.423.12$2,442
Oct 201701,28949.292.98$3,846
Sep 2017096647.523.09$2,982
Aug 2017099145.373.00$2,977
Jul 2017092143.873.09$2,843
Jun 2017161242.493.09$1,932
May 2017056945.373.26$1,857
Apr 2017071847.933.21$2,306
Mar 201701,09246.772.98$3,258
Feb 2017074350.452.95$2,194
Jan 201701,32949.413.42$4,544
Dec 201601,01948.763.72$3,794
Nov 2016068142.492.64$1,801
Oct 201601,02046.193.09$3,152
Sep 201604,28241.553.10$13,277
Aug 201606,21341.442.92$18,169
Jul 201606,09941.622.92$17,836
Jun 201603,82245.352.69$10,265
May 201604,48042.521.99$8,920
Apr 201606,34836.561.99$12,639
Mar 201607,05533.011.79$12,657
Feb 201606,64126.472.06$13,705
Jan 201604,49327.352.36$10,623
Dec 201503,49732.362.00$6,999
Nov 201507,91338.792.17$17,150
Oct 201505,80543.552.43$14,086
Sep 201502,24342.992.76$6,187
Aug 201501,84140.162.87$5,288
Jul 201507,60848.152.95$22,406
Jun 2015010,03456.152.88$28,927
May 201509,60655.212.96$28,390
Apr 201505,19249.822.71$14,053
Mar 201508,47842.892.93$24,880
Feb 201508,27044.662.98$24,613
Jan 201504,46043.433.10$13,829
Dec 201403,50754.693.59$12,595
Nov 201403,98470.464.25$16,939
Oct 201403,12478.303.90$12,187
Sep 201403,35886.164.05$13,585
Aug 201403,22289.394.04$13,001
Jul 201403,14696.564.18$13,149
Jun 201402,21198.164.74$10,473
May 201401,38394.734.73$6,537
Apr 201404,12595.944.81$19,838
Mar 201403,28495.895.06$16,607
Feb 201403,69597.406.19$22,879
Jan 201402,83390.404.86$13,770
Dec 201304,89891.824.35$21,328
Nov 201305,31388.853.74$19,861
Oct 201304,27397.423.78$16,149
Sep 201301,254104.113.72$4,662
Aug 20130841104.253.52$2,963
Jul 20130535102.523.72$1,989
Jun 2013066694.403.93$2,620
May 201305,13394.834.15$21,297
Apr 201301,87393.964.28$8,021
Mar 201303,93993.623.91$15,413
Feb 201304,80391.233.42$16,426
Jan 201304,74191.603.42$16,214
Dec 201203,45786.773.42$11,823
Nov 201204,14486.953.62$15,022
Oct 201202,30989.383.40$7,850
Sep 201206,14994.672.92$17,945
Aug 201203,07792.662.91$8,948
Jul 201202,95385.133.02$8,920
Jun 201204,32379.822.52$10,890
May 201202,92191.612.49$7,268
Apr 201203,426101.652.00$6,841
Mar 201206,063105.052.22$13,472
Feb 201208,579101.102.57$22,050
Jan 201206,85398.092.73$18,737
Dec 201106,49696.873.24$21,045
Nov 201107,20195.723.31$23,845
Oct 201107,51484.983.65$27,415
Sep 201107,18983.623.99$28,654
Aug 201108,66583.404.15$35,954
Jul 201107,70394.144.52$34,796
Jun 201107,81092.904.64$36,237
May 201108,55998.134.40$37,701
Apr 201106,957105.964.33$30,147
Mar 201108,51696.364.06$34,552
Feb 201106,45485.644.18$26,978
Jan 201108,07186.504.59$37,036
Dec 201009,21585.734.35$40,065
Nov 201007,03180.843.80$26,685
Oct 201007,07578.103.51$24,825
Sep 201007,55272.633.98$30,053
Aug 201007,28473.684.42$32,191
Jul 201007,63172.554.74$36,144
Jun 2010010,80370.364.91$53,047
May 2010010,92371.124.24$46,261
Apr 2010010,34981.694.12$42,666
Mar 2010010,62078.394.39$46,608
Feb 201006,16273.585.44$33,536
Jan 201008,61874.365.96$51,399
Dec 200906,19671.445.48$33,977
Nov 200907,05774.593.75$26,474
Oct 200903,00172.544.11$12,335
Sep 200909,73465.543.06$29,832
Aug 200908,86767.423.22$28,538
Jul 200908,24261.133.46$28,554
Jun 200906,64266.163.90$25,871
May 2009011,53754.743.93$45,291
Apr 200909,24146.773.59$33,152
Mar 2009112,02442.144.06$48,848
Feb 2009523,03332.814.63$106,876
Jan 2009027,63035.865.37$148,401
Dec 2008016,80037.105.98$100,416
Nov 200809,91755.496.86$68,034
Oct 200808,38275.246.92$58,020
Sep 2008012,941101.767.88$101,937
Aug 2008014,672114.228.48$124,463
Jul 2008015,062131.0811.39$171,548
Jun 2008015,169131.3313.03$197,692
May 20083515,522123.1711.57$183,967
Apr 2008019,939110.3110.45$208,459
Mar 2008044,833101.909.66$433,269
Feb 2008044,69992.538.77$392,036
Jan 2008054,52390.388.21$447,401
Dec 2007053,73188.337.30$392,342
Nov 2007055,10191.677.29$401,780
Oct 200710121,06082.856.92$154,145
Sep 20071167,99575.846.24$425,406
Aug 20072363,76169.066.39$408,890
Jul 2007074,50370.906.39$475,921
Jun 20070103,73562.007.55$783,038
May 2007041,94258.747.85$329,089
Apr 2007017,34659.617.81$135,389
Mar 2007037,33656.927.30$272,626
Feb 2007035,03555.108.22$287,848

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.

Feb 2020 — as filed, then multipliedworked
Condensate             0 bbl  × $ 49.88 =         $0
Gas                  200 Mcf  × $  1.98 =       $396

────────────────────────────────────────────────────
Month total                                     $396

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/229192 is the state's own key, not one this site invented.