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 240285District 05Field 644092102 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.4 M
Dec 2007 – May 2026
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
222
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 Gas112008-10-22186506
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
CondensateDisposition45 bbl$3,741
GasProduction1,320,183 Mcf$7,433,380
Total$7,437,121

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 31.7571, -96.0982. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.75708, -96.09820 · 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
12,650 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 12,650 ft.

Completions filed
Dec 2007
1 of 1 wells

1 well

42-16133920312,650 ftDec 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 (222)

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

222 months

May 202600106.413.05$0
Apr 2026025598.932.87$732
Mar 2026025089.753.15$787
Feb 2026018463.503.75$690
Jan 2026022459.138.00$1,792
Dec 2025016856.664.41$741
Nov 2025010358.593.93$404
Oct 2025017859.383.30$588
Sep 2025014862.743.08$455
Aug 2025021163.933.01$636
Jul 2025022366.743.32$739
Jun 2025026266.483.13$820
May 2025027360.553.23$882
Apr 2025026062.363.54$921
Mar 2025026367.704.27$1,123
Feb 2025028570.884.34$1,237
Jan 2025041174.324.28$1,759
Dec 2024031668.993.12$986
Nov 2024035969.052.20$789
Oct 2024034671.372.28$789
Sep 2024034869.612.36$823
Aug 2024024475.632.06$504
Jul 202407579.932.15$161
Jun 202401878.082.63$47
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 2024014680.301.55$226
Feb 202409176.091.78$162
Jan 2024010673.023.30$350
Dec 2023013271.262.61$345
Nov 2023019377.892.81$542
Oct 2023024485.443.09$753
Sep 202304089.042.74$109
Aug 2023014480.522.67$385
Jul 202308674.852.64$227
Jun 2023013868.962.26$312
May 2023024170.622.23$537
Apr 2023031078.122.24$694
Mar 2023027872.852.39$665
Feb 2023010675.112.47$261
Jan 2023034376.533.39$1,162
Dec 2022019876.415.73$1,134
Nov 2022016785.005.65$943
Oct 2022058787.185.86$3,442
Sep 2022043284.888.16$3,527
Aug 2022028394.529.13$2,583
Jul 20220375101.587.54$2,828
Jun 202201,026115.097.98$8,185
May 20220883109.378.43$7,446
Apr 20220504104.226.84$3,446
Mar 20220445108.885.08$2,259
Feb 2022022591.054.86$1,093
Jan 2022015381.844.54$694
Dec 2021046671.323.90$1,817
Nov 2021015677.435.24$817
Oct 2021035379.795.71$2,017
Sep 2021049369.865.35$2,638
Aug 2021078966.024.22$3,330
Jul 2021048170.783.98$1,915
Jun 2021065869.493.38$2,224
May 2021037163.483.02$1,120
Apr 2021035560.362.76$979
Mar 2021034661.302.72$940
Feb 2021047757.805.55$2,646
Jan 2021017650.412.81$495
Dec 202005144.642.68$136
Nov 2020033838.772.71$915
Oct 202002,61336.972.48$6,476
Sep 202003,10537.091.99$6,182
Aug 202003,46339.982.39$8,260
Jul 202002,42638.371.83$4,428
Jun 202001,70634.901.69$2,884
May 202002,74716.921.81$4,985
Apr 202001,39814.751.80$2,523
Mar 202003,72930.341.86$6,922
Feb 202002,40149.881.98$4,756
Jan 202003,01357.252.09$6,311
Dec 201902,47259.012.30$5,696
Nov 201904,40655.302.75$12,120
Oct 201902,89353.472.42$6,997
Sep 201903,31355.052.66$8,804
Aug 201904,20053.112.30$9,678
Jul 201903,35556.272.46$8,254
Jun 201905,65952.782.49$14,098
May 2019088058.482.74$2,411
Apr 201901,66562.632.75$4,580
Mar 201902,14256.803.06$6,559
Feb 2019082950.852.79$2,315
Jan 201903,23446.033.23$10,440
Dec 201806,02946.594.19$25,234
Nov 201801,85452.934.24$7,856
Oct 201801,31661.443.40$4,472
Sep 201804,77959.543.11$14,853
Aug 2018071959.403.07$2,205
Jul 201802,29665.142.93$6,732
Jun 201801,98160.183.08$6,095
May 201802,25765.382.90$6,547
Apr 201802,93463.842.90$8,511
Mar 201802,22261.222.79$6,192
Feb 201802,16361.782.77$5,983
Jan 201804,01962.874.01$16,113
Dec 201704,28957.272.92$12,530
Nov 201704,40555.423.12$13,736
Oct 201704,79249.292.98$14,298
Sep 201704,23147.523.09$13,062
Aug 201704,90145.373.00$14,725
Jul 201705,01443.873.09$15,480
Jun 201704,77642.493.09$14,745
May 201705,16945.373.26$16,869
Apr 201705,10247.933.21$16,386
Mar 201706,19246.772.98$18,475
Feb 201704,76950.452.95$14,081
Jan 201702,94349.413.42$10,062
Dec 201604,23448.763.72$15,762
Nov 201603,98542.492.64$10,538
Oct 201605,50946.193.09$17,024
Sep 201602,90541.553.10$9,007
Aug 201605,20641.442.92$15,224
Jul 201606,86641.622.92$20,079
Jun 201605,42545.352.69$14,571
May 201605,12242.521.99$10,198
Apr 201605,02736.561.99$10,009
Mar 201606,59433.011.79$11,830
Feb 201607,30026.472.06$15,065
Jan 201605,62127.352.36$13,290
Dec 201516,58132.362.00$13,204
Nov 201507,99538.792.17$17,328
Oct 201518,25843.552.43$20,082
Sep 201519,57642.992.76$26,458
Aug 201506,27640.162.87$18,028
Jul 2015088148.152.95$2,595
Jun 201501,92456.152.88$5,547
May 201501,48055.212.96$4,374
Apr 201506,21649.822.71$16,824
Mar 2015010,03342.892.93$29,444
Feb 201505,43144.662.98$16,164
Jan 2015010,68043.433.10$33,115
Dec 2014010,01554.693.59$35,967
Nov 2014010,84770.464.25$46,120
Oct 2014214,71578.303.90$57,559
Sep 201408,48786.164.05$34,334
Aug 201403,93689.394.04$15,882
Jul 201401,47696.564.18$6,169
Jun 201401,49498.164.74$7,077
May 201401,62294.734.73$7,666
Apr 201401,37895.944.81$6,627
Mar 201401,77695.895.06$8,981
Feb 201401,37997.406.19$8,539
Jan 201401,41490.404.86$6,873
Dec 201301,87191.824.35$8,147
Nov 201301,19188.853.74$4,452
Oct 201302,51297.423.78$9,494
Sep 201305,664104.113.72$21,057
Aug 201303,027104.253.52$10,663
Jul 201302,531102.523.72$9,410
Jun 201302,62894.403.93$10,337
May 201304,01494.834.15$16,654
Apr 201301,82893.964.28$7,829
Mar 201301,88593.623.91$7,376
Feb 201301,98891.233.42$6,799
Jan 201301,69291.603.42$5,786
Dec 201202,05586.773.42$7,028
Nov 201201,97786.953.62$7,167
Oct 201202,29189.383.40$7,789
Sep 201202,38794.672.92$6,966
Aug 201201,76092.662.91$5,118
Jul 201202,72285.133.02$8,223
Jun 201202,11079.822.52$5,315
May 201201,95591.612.49$4,865
Apr 201202,053101.652.00$4,099
Mar 201212,259105.052.22$5,125
Feb 201202,163101.102.57$5,559
Jan 201202,32398.092.73$6,351
Dec 201102,41796.873.24$7,830
Nov 201104,30395.723.31$14,248
Oct 201116,15784.983.65$22,549
Sep 201103,82283.623.99$15,234
Aug 201104,68183.404.15$19,423
Jul 201104,00394.144.52$18,083
Jun 201113,52392.904.64$16,439
May 201104,20098.134.40$18,500
Apr 201105,521105.964.33$23,924
Mar 2011110,93696.364.06$44,467
Feb 201119,61885.644.18$40,289
Jan 201106,32286.504.59$29,010
Dec 2010110,97085.734.35$47,781
Nov 2010010,78480.843.80$40,929
Oct 2010112,91378.103.51$45,388
Sep 201016,17372.633.98$24,638
Aug 2010010,94273.684.42$48,357
Jul 2010211,15872.554.74$52,995
Jun 201003,11570.364.91$15,296
May 2010112,41371.124.24$52,643
Apr 2010010,16681.694.12$41,911
Mar 2010012,12378.394.39$53,204
Feb 2010010,41373.585.44$56,671
Jan 2010011,34374.365.96$67,651
Dec 2009011,10671.445.48$60,903
Nov 2009014,18974.593.75$53,230
Oct 200928,78772.544.11$36,262
Sep 2009114,32365.543.06$43,962
Aug 2009117,38067.423.22$56,005
Jul 2009113,86361.133.46$48,089
Jun 2009019,07066.163.90$74,278
May 2009015,24854.743.93$59,860
Apr 2009120,35246.773.59$73,060
Mar 2009020,92442.144.06$84,931
Feb 2009019,07632.814.63$88,379
Jan 2009022,27635.865.37$119,644
Dec 2008026,69537.105.98$159,560
Nov 2008028,24655.496.86$193,778
Oct 2008026,17975.246.92$181,211
Sep 2008019,662101.767.88$154,879
Aug 2008028,014114.228.48$237,643
Jul 2008033,024131.0811.39$376,125
Jun 2008032,144131.3313.03$418,921
May 2008236,897123.1711.57$427,303
Apr 2008129,741110.3110.45$311,048
Mar 2008134,268101.909.66$331,270
Feb 2008142,74392.538.77$374,973
Jan 20081076,04990.388.21$624,941
Dec 2007897,77088.337.30$714,620

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                  255 Mcf  × $  2.87 =       $732

────────────────────────────────────────────────────
Month total                                     $732

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/240285 is the state's own key, not one this site invented.