LITTLE FLOCK

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 241209District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$18.1 M
Mar 2008 – May 2026
Value, last 12 filed months
$255 k
at the published price for each month
Months reported
219
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 Gas112008-11-07186840
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
CondensateDisposition1,166 bbl$88,088
GasProduction3,363,711 Mcf$18,004,079
Total$18,092,167

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 31.3748, -96.2643. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.37482, -96.26428 · 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
14,850 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 14,850 ft.

Completions filed
Mar 2008
1 of 1 wells

1 well

42-28931702114,850 ftMar 2008

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 (219)

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

219 months

May 202604,387106.413.05$13,362
Apr 202607,23098.932.87$20,748
Mar 202604,75989.753.15$14,988
Feb 202602,62263.503.75$9,833
Jan 202606,99559.138.00$55,945
Dec 202506,73156.664.41$29,706
Nov 202504,94058.593.93$19,397
Oct 202505,70259.383.30$18,844
Sep 202507,32262.743.08$22,529
Aug 202508,11663.933.01$24,468
Jul 202503,40066.743.32$11,272
Jun 202504,53766.483.13$14,195
May 202505,23660.553.23$16,924
Apr 202503,81062.363.54$13,499
Mar 202505,20367.704.27$22,208
Feb 202507,65170.884.34$33,212
Jan 202504,85474.324.28$20,769
Dec 202407,69568.993.12$24,019
Nov 202405,12469.052.20$11,265
Oct 202408,57271.372.28$19,556
Sep 202407,80369.612.36$18,449
Aug 202407,53275.632.06$15,543
Jul 202404,14479.932.15$8,895
Jun 202407,12678.082.63$18,770
May 20240078.812.20$0
Apr 202402,64884.451.66$4,394
Mar 202405,40980.301.55$8,358
Feb 202406,52076.091.78$11,629
Jan 202408,52873.023.30$28,122
Dec 202304,49671.262.61$11,738
Nov 202306,10677.892.81$17,143
Oct 202306,41685.443.09$19,808
Sep 202307,26889.042.74$19,878
Aug 202305,01080.522.67$13,391
Jul 202304,95774.852.64$13,095
Jun 2023010,98768.962.26$24,814
May 20230070.622.23$0
Apr 202303,87878.122.24$8,678
Mar 202303,66872.852.39$8,778
Feb 202305,43675.112.47$13,403
Jan 202304,00776.533.39$13,575
Dec 202205,70376.415.73$32,673
Nov 202208,36885.005.65$47,247
Oct 202207,62587.185.86$44,711
Sep 202208,87084.888.16$72,412
Aug 202206,95594.529.13$63,479
Jul 202206,788101.587.54$51,196
Jun 2022012,552115.097.98$100,130
May 2022015,608109.378.43$131,623
Apr 2022016,250104.226.84$111,111
Mar 2022015,070108.885.08$76,501
Feb 2022015,73391.054.86$76,444
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 20200049.881.98$0
Jan 20200057.252.09$0
Dec 2019022359.012.30$514
Nov 20190055.302.75$0
Oct 2019023453.472.42$566
Sep 20191555.052.66$68
Aug 201901153.112.30$25
Jul 2019017556.272.46$431
Jun 201923,17252.782.49$8,008
May 201903058.482.74$82
Apr 2019017762.632.75$487
Mar 201946,95256.803.06$21,515
Feb 201935,59250.852.79$15,767
Jan 201906,80146.033.23$21,955
Dec 201825,76746.594.19$24,231
Nov 201805,93952.934.24$25,165
Oct 201805,78361.443.40$19,651
Sep 201801,93559.543.11$6,014
Aug 201812,48159.403.07$7,668
Jul 201827,00765.142.93$20,674
Jun 2018311,53960.183.08$35,685
May 2018014,92165.382.90$43,283
Apr 2018013,91263.842.90$40,356
Mar 2018513,70461.222.79$38,497
Feb 2018010,78461.782.77$29,830
Jan 20182010,01162.874.01$41,395
Dec 2017011,21257.272.92$32,756
Nov 2017015,25155.423.12$47,558
Oct 201703,26449.292.98$9,739
Sep 201764,28247.523.09$13,505
Aug 201705,05345.373.00$15,181
Jul 201704,12543.873.09$12,735
Jun 201704,21642.493.09$13,016
May 201796,91245.373.26$22,965
Apr 201704,02847.933.21$12,936
Mar 2017124146.772.98$684
Feb 2017143,17250.452.95$10,072
Jan 2017183,02049.413.42$11,214
Dec 20162421648.763.72$1,974
Nov 201604,93042.492.64$13,037
Oct 2016011,21646.193.09$34,660
Sep 2016108,97441.553.10$28,241
Aug 201686,77641.442.92$20,147
Jul 2016014,16941.622.92$41,435
Jun 2016015,60045.352.69$41,899
May 20164818,34642.521.99$38,569
Apr 201676,55036.561.99$13,297
Mar 2016014,13233.011.79$25,353
Feb 20161911,37626.472.06$23,979
Jan 201673,39827.352.36$8,226
Dec 201506,84132.362.00$13,692
Nov 2015010,26038.792.17$22,237
Oct 2015012,35243.552.43$29,973
Sep 2015012,81242.992.76$35,341
Aug 2015015,77140.162.87$45,302
Jul 2015013,29948.152.95$39,167
Jun 2015014,23056.152.88$41,023
May 2015012,38955.212.96$36,615
Apr 2015012,05649.822.71$32,630
Mar 2015013,36342.892.93$39,217
Feb 2015013,42044.662.98$39,940
Jan 2015014,37243.433.10$44,562
Dec 2014016,24454.693.59$58,338
Nov 2014015,58470.464.25$66,261
Oct 2014018,61578.303.90$72,616
Sep 2014022,62186.164.05$91,512
Aug 201406,16389.394.04$24,868
Jul 2014016,73196.564.18$69,929
Jun 2014019,23598.164.74$91,114
May 2014021,09194.734.73$99,688
Apr 2014021,77895.944.81$104,733
Mar 2014023,32295.895.06$117,935
Feb 2014017,86797.406.19$110,632
Jan 2014019,03290.404.86$92,509
Dec 2013010,19591.824.35$44,394
Nov 2013021,84188.853.74$81,648
Oct 2013017,90597.423.78$67,669
Sep 2013019,163104.113.72$71,243
Aug 2013012,778104.253.52$45,012
Jul 201309,591102.523.72$35,657
Jun 2013010,43894.403.93$41,057
May 2013112,86094.834.15$53,452
Apr 2013211,68693.964.28$50,234
Mar 2013216,92493.623.91$66,409
Feb 2013114,72891.233.42$50,460
Jan 2013312,52591.603.42$43,109
Dec 2012214,54586.773.42$49,920
Nov 2012213,68086.953.62$49,763
Oct 2012215,42689.383.40$52,622
Sep 201217017,97894.672.92$68,561
Aug 2012716,63492.662.91$49,023
Jul 2012310,73385.133.02$32,678
Jun 2012319,51479.822.52$49,396
May 2012222,07791.612.49$55,118
Apr 2012217,940101.652.00$36,026
Mar 2012718,877105.052.22$42,682
Feb 2012316,041101.102.57$41,533
Jan 2012219,39798.092.73$53,229
Dec 2011316,63896.873.24$54,193
Nov 2011518,99795.723.31$63,383
Oct 2011119,80884.983.65$72,355
Sep 2011319,88883.623.99$79,520
Aug 2011521,02483.404.15$87,652
Jul 2011921,58394.144.52$98,343
Jun 2011921,45092.904.64$100,362
May 20111021,80498.134.40$97,024
Apr 2011623,576105.964.33$102,797
Mar 2011723,77396.364.06$97,130
Feb 2011620,89485.644.18$87,850
Jan 2011522,53786.504.59$103,850
Dec 2010425,86885.734.35$112,811
Nov 2010223,64280.843.80$89,891
Oct 201018626,44478.103.51$107,316
Sep 2010626,47972.633.98$105,808
Aug 2010528,58573.684.42$126,696
Jul 2010729,42772.554.74$139,889
Jun 2010728,57470.364.91$140,802
May 2010630,42771.124.24$129,292
Apr 2010033,78981.694.12$139,302
Mar 2010735,65678.394.39$157,031
Feb 2010332,45073.585.44$176,825
Jan 2010832,36874.365.96$193,641
Dec 2009430,45271.445.48$167,277
Nov 2009332,90974.593.75$123,682
Oct 200918438,12672.544.11$170,055
Sep 2009545,92965.543.06$141,089
Aug 2009238,72867.423.22$124,781
Jul 2009246,29961.133.46$160,525
Jun 2009045,57266.163.90$177,503
May 2009048,19254.743.93$189,190
Apr 2009047,13346.773.59$169,090
Mar 2009055,84142.144.06$226,659
Feb 2009054,02632.814.63$250,302
Jan 2009060,43435.865.37$324,591
Dec 2008059,63837.105.98$356,465
Nov 2008218,93855.496.86$130,032
Oct 200816780,79875.246.92$571,847
Sep 2008567,138101.767.88$529,361
Aug 2008286,191114.228.48$731,388
Jul 20082102,052131.0811.39$1,162,576
Jun 20081112,761131.3313.03$1,469,704
May 20083148,290123.1711.57$1,716,721
Apr 200834141,509110.3110.45$1,483,207
Mar 20081389101.909.66$3,861

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                4,387 Mcf  × $  3.05 =    $13,362

────────────────────────────────────────────────────
Month total                                  $13,362

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/241209 is the state's own key, not one this site invented.