TWEENER

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the FARRAR (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 241572District 05Field 303215002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.4 M
Jul 2008 – May 2026
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
215
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
1963-08-25
as the register files it
Field class
Gas
the register's own label
Between wells
600 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2006-11-14.

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 Gas112010-04-07197800
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
CondensateDisposition2,220 bbl$145,504
GasProduction663,657 Mcf$3,289,518
Total$3,435,022

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 31.4228, -96.2465. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.42275, -96.24650 · 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
12,479 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 12,479 ft.

Completions filed
Jul 2008
1 of 1 wells

1 well

42-29332042312,479 ftJul 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 (215)

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

215 months

May 20260290106.413.05$883
Apr 2026033698.932.87$964
Mar 2026027789.753.15$872
Feb 2026042163.503.75$1,579
Jan 2026020859.138.00$1,664
Dec 2025014756.664.41$649
Nov 2025020758.593.93$813
Oct 2025021059.383.30$694
Sep 2025020962.743.08$643
Aug 2025024063.933.01$724
Jul 2025029166.743.32$965
Jun 2025037066.483.13$1,158
May 2025023760.553.23$766
Apr 2025039762.363.54$1,407
Mar 2025036267.704.27$1,545
Feb 2025038370.884.34$1,663
Jan 2025020374.324.28$869
Dec 2024017268.993.12$537
Nov 202405269.052.20$114
Oct 2024011871.372.28$269
Sep 2024011469.612.36$270
Aug 202408975.632.06$184
Jul 2024010079.932.15$215
Jun 2024023478.082.63$616
May 20240078.812.20$0
Apr 202407884.451.66$129
Mar 2024018080.301.55$278
Feb 2024012576.091.78$223
Jan 2024027973.023.30$920
Dec 2023017871.262.61$465
Nov 2023034077.892.81$955
Oct 2023012485.443.09$383
Sep 2023016289.042.74$443
Aug 2023013980.522.67$372
Jul 2023018974.852.64$499
Jun 2023018868.962.26$425
May 2023015170.622.23$336
Apr 2023017478.122.24$389
Mar 2023030872.852.39$737
Feb 2023040375.112.47$994
Jan 2023039976.533.39$1,352
Dec 2022045576.415.73$2,607
Nov 2022047785.005.65$2,693
Oct 2022064787.185.86$3,794
Sep 2022066684.888.16$5,437
Aug 2022069494.529.13$6,334
Jul 20220700101.587.54$5,279
Jun 20220718115.097.98$5,728
May 20220921109.378.43$7,767
Apr 202201,004104.226.84$6,865
Mar 20220826108.885.08$4,193
Feb 2022050891.054.86$2,468
Jan 2022062281.844.54$2,822
Dec 2021071671.323.90$2,792
Nov 2021072177.435.24$3,776
Oct 2021073579.795.71$4,200
Sep 20215775069.865.35$7,995
Aug 202101,00566.024.22$4,242
Jul 202101,09870.783.98$4,372
Jun 2021094969.493.38$3,208
May 202101,09263.483.02$3,295
Apr 202101,29560.362.76$3,572
Mar 202101,61161.302.72$4,377
Feb 2021092757.805.55$5,143
Jan 202101,34850.412.81$3,788
Dec 202001,26044.642.68$3,371
Nov 202001,55938.772.71$4,220
Oct 202001,58436.972.48$3,926
Sep 202001,58737.091.99$3,160
Aug 202001,53839.982.39$3,668
Jul 202001,82938.371.83$3,338
Jun 202001,59134.901.69$2,689
May 202001,83116.921.81$3,323
Apr 202001,79814.751.80$3,244
Mar 202001,88130.341.86$3,492
Feb 202001,71249.881.98$3,391
Jan 2020681,37357.252.09$6,769
Dec 201901,68159.012.30$3,874
Nov 201921,44155.302.75$4,074
Oct 201901,97853.472.42$4,784
Sep 201902,03755.052.66$5,413
Aug 201901,76853.112.30$4,074
Jul 2019087356.272.46$2,148
Jun 201901,48552.782.49$3,699
May 201901,30258.482.74$3,568
Apr 201902,12962.632.75$5,856
Mar 201901,54056.803.06$4,716
Feb 201901,53150.852.79$4,275
Jan 201901,41946.033.23$4,581
Dec 201801,72346.594.19$7,212
Nov 201801,32652.934.24$5,619
Oct 201801,66861.443.40$5,668
Sep 201801,91259.543.11$5,943
Aug 201802,16259.403.07$6,630
Jul 201801,80265.142.93$5,283
Jun 201801,50260.183.08$4,622
May 201801,96465.382.90$5,697
Apr 201802,29463.842.90$6,654
Mar 201802,45161.222.79$6,831
Feb 2018751,67361.782.77$9,261
Jan 201801,54062.874.01$6,174
Dec 201701,39257.272.92$4,067
Nov 201701,72955.423.12$5,392
Oct 201702,01549.292.98$6,012
Sep 201702,03447.523.09$6,280
Aug 201702,68845.373.00$8,076
Jul 201702,55943.873.09$7,900
Jun 201702,77142.493.09$8,555
May 201702,60345.373.26$8,495
Apr 201702,61147.933.21$8,385
Mar 201702,19446.772.98$6,546
Feb 2017592,52650.452.95$10,435
Jan 201702,68849.413.42$9,190
Dec 201602,34448.763.72$8,726
Nov 201602,20442.492.64$5,828
Oct 201603,11146.193.09$9,614
Sep 201603,19641.553.10$9,910
Aug 201603,25041.442.92$9,504
Jul 201603,31841.622.92$9,703
Jun 201603,37345.352.69$9,059
May 201603,11742.521.99$6,206
Apr 201603,26636.561.99$6,503
Mar 201603,30033.011.79$5,920
Feb 201603,04626.472.06$6,286
Jan 201603,32627.352.36$7,864
Dec 2015633,40232.362.00$8,847
Nov 201503,76038.792.17$8,149
Oct 201504,12043.552.43$9,998
Sep 201513,93842.992.76$10,906
Aug 201503,94340.162.87$11,326
Jul 201503,18948.152.95$9,392
Jun 201503,14356.152.88$9,061
May 201503,57855.212.96$10,575
Apr 201503,55249.822.71$9,614
Mar 2015393,50242.892.93$11,950
Feb 201513,75544.662.98$11,220
Jan 201515,21243.433.10$16,204
Dec 201414,55454.693.59$16,410
Nov 201402,06870.464.25$8,793
Oct 2014050278.303.90$1,958
Sep 2014062386.164.05$2,520
Aug 2014087189.394.04$3,515
Jul 2014088696.564.18$3,703
Jun 2014093998.164.74$4,448
May 2014091094.734.73$4,301
Apr 20141087895.944.81$5,182
Mar 2014098495.895.06$4,976
Feb 2014068597.406.19$4,242
Jan 2014081690.404.86$3,966
Dec 2013082891.824.35$3,606
Nov 2013078088.853.74$2,916
Oct 2013055597.423.78$2,098
Sep 20130369104.113.72$1,372
Aug 201307,125104.253.52$25,099
Jul 20130260102.523.72$967
Jun 2013032194.403.93$1,263
May 2013038194.834.15$1,581
Apr 2013045593.964.28$1,949
Mar 2013051993.623.91$2,031
Feb 2013043791.233.42$1,495
Jan 2013853891.603.42$2,573
Dec 2012068386.773.42$2,336
Nov 2012053486.953.62$1,936
Oct 2012022189.383.40$751
Sep 2012016594.672.92$482
Aug 2012028792.662.91$835
Jul 2012029285.133.02$882
Jun 2012035779.822.52$899
May 2012036791.612.49$913
Apr 20120250101.652.00$499
Mar 20120331105.052.22$736
Feb 201212674101.102.57$2,946
Jan 2012039598.092.73$1,080
Dec 2011045796.873.24$1,481
Nov 2011055195.723.31$1,825
Oct 2011040284.983.65$1,467
Sep 2011068983.623.99$2,746
Aug 2011054083.404.15$2,241
Jul 2011039594.144.52$1,784
Jun 2011040092.904.64$1,856
May 2011078798.134.40$3,467
Apr 201112,789105.964.33$12,191
Mar 2011412,16296.364.06$12,723
Feb 201124,15785.644.18$17,547
Jan 201124,02086.504.59$18,620
Dec 201014,24585.734.35$18,542
Nov 2010584,68280.843.80$22,458
Oct 201025,94178.103.51$21,003
Sep 201014,80972.633.98$19,210
Aug 201028,40873.684.42$37,305
Jul 2010652,48472.554.74$16,481
Jun 201026,64170.364.91$32,751
May 201028,96071.124.24$38,090
Apr 2010999,59981.694.12$47,661
Mar 201028,18678.394.39$36,082
Feb 201018,36173.585.44$45,577
Jan 201013810,38474.365.96$72,193
Dec 2009612,15071.445.48$67,056
Nov 200912510,12674.593.75$47,311
Oct 2009312,52772.544.11$51,707
Sep 200913113,57865.543.06$50,199
Aug 200912915,43267.423.22$58,365
Jul 200910914,95261.133.46$58,464
Jun 2009115,80266.163.90$61,615
May 2009017,96554.743.93$70,526
Apr 200927,30946.773.59$26,315
Mar 20091169,79742.144.06$44,654
Feb 200912411,25932.814.63$56,231
Jan 2009115,06635.865.37$80,955
Dec 200813217,87637.105.98$111,745
Nov 200813020,76555.496.86$149,669
Oct 200826927,15575.246.92$208,206
Sep 2008727,781101.767.88$219,546
Aug 200810436,590114.228.48$322,273
Jul 20081545,570131.0811.39$520,983

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                  290 Mcf  × $  3.05 =       $883

────────────────────────────────────────────────────
Month total                                     $883

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/241572 is the state's own key, not one this site invented.