BAUM ESTATE

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

Gas lease lease 243436District 05Field 88576304Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.3 M
May 2008 – May 2026
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
217
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 1,075 leases and 1,075 wells, and the rule below applies to all of them.

Discovered
2006-06-06
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 2011-10-11.

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: REGULATORY PURPOSES.IT IS ORDERED THAT THE FIELD REMAIN SUSPENDED.

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 Gas112009-01-29188777
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
CondensateDisposition419 bbl$32,783
GasProduction273,555 Mcf$1,294,318
Total$1,327,101

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 31.7285, -96.2928. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.72851, -96.29277 · 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
11,494 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 11,494 ft.

Completions filed
May 2008
1 of 1 wells

1 well

42-16134061411,494 ftMay 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 (217)

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

217 months

May 2026031106.413.05$94
Apr 202602098.932.87$57
Mar 202601689.753.15$50
Feb 202606763.503.75$251
Jan 20260959.138.00$72
Dec 202502656.664.41$115
Nov 202505058.593.93$196
Oct 2025019059.383.30$628
Sep 20250962.743.08$28
Aug 20250063.933.01$0
Jul 202502366.743.32$76
Jun 202509366.483.13$291
May 202502060.553.23$65
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250970.884.34$39
Jan 202503474.324.28$145
Dec 202401968.993.12$59
Nov 202403069.052.20$66
Oct 20240071.372.28$0
Sep 202401169.612.36$26
Aug 2024011875.632.06$244
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 202405876.091.78$103
Jan 20240973.023.30$30
Dec 20230071.262.61$0
Nov 202302477.892.81$67
Oct 202308185.443.09$250
Sep 2023013889.042.74$377
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 202305872.852.39$139
Feb 20230075.112.47$0
Jan 202302076.533.39$68
Dec 202203576.415.73$201
Nov 20220485.005.65$23
Oct 20220487.185.86$23
Sep 20220384.888.16$24
Aug 202202094.529.13$183
Jul 202204101.587.54$30
Jun 20220199115.097.98$1,587
May 20220959109.378.43$8,087
Apr 20220494104.226.84$3,378
Mar 2022014108.885.08$71
Feb 2022015591.054.86$753
Jan 202201481.844.54$64
Dec 202102271.323.90$86
Nov 202101577.435.24$79
Oct 2021048879.795.71$2,788
Sep 202101569.865.35$80
Aug 2021043766.024.22$1,844
Jul 202108670.783.98$342
Jun 2021022769.493.38$767
May 2021062463.483.02$1,883
Apr 202103560.362.76$97
Mar 2021046861.302.72$1,272
Feb 2021016257.805.55$899
Jan 202109650.412.81$270
Dec 202006244.642.68$166
Nov 2020055838.772.71$1,510
Oct 2020058736.972.48$1,455
Sep 2020086837.091.99$1,728
Aug 2020061239.982.39$1,460
Jul 202007838.371.83$142
Jun 2020312234.901.69$1,119
May 202001116.921.81$20
Apr 2020048314.751.80$872
Mar 2020078630.341.86$1,459
Feb 202004849.881.98$95
Jan 2020023657.252.09$494
Dec 2019014359.012.30$330
Nov 2019056655.302.75$1,557
Oct 2019043353.472.42$1,047
Sep 2019076755.052.66$2,038
Aug 2019050653.112.30$1,166
Jul 201901,00856.272.46$2,480
Jun 201901,09152.782.49$2,718
May 2019019758.482.74$540
Apr 201901,08362.632.75$2,979
Mar 2019071456.803.06$2,186
Feb 201903650.852.79$101
Jan 201907246.033.23$232
Dec 2018050746.594.19$2,122
Nov 20180552.934.24$21
Oct 201802161.443.40$71
Sep 20180959.543.11$28
Aug 2018092859.403.07$2,846
Jul 2018066465.142.93$1,947
Jun 201801,08860.183.08$3,348
May 2018591,58865.382.90$8,464
Apr 201801,71963.842.90$4,986
Mar 201801,47161.222.79$4,099
Feb 2018029761.782.77$822
Jan 201802662.874.01$104
Dec 201706457.272.92$187
Nov 2017047955.423.12$1,494
Oct 2017013549.292.98$403
Sep 201701547.523.09$46
Aug 201707445.373.00$222
Jul 2017015643.873.09$482
Jun 201707242.493.09$222
May 2017091545.373.26$2,986
Apr 201701,33547.933.21$4,287
Mar 201701,12946.772.98$3,369
Feb 201701,41250.452.95$4,169
Jan 201701,61749.413.42$5,528
Dec 201611,65648.763.72$6,214
Nov 2016012642.492.64$333
Oct 2016035946.193.09$1,109
Sep 201601,47741.553.10$4,580
Aug 2016062741.442.92$1,834
Jul 2016014641.622.92$427
Jun 201601,83945.352.69$4,939
May 201601,96142.521.99$3,904
Apr 201602,22636.561.99$4,432
Mar 201602,54633.011.79$4,568
Feb 201601,99926.472.06$4,125
Jan 2016012027.352.36$284
Dec 2015012832.362.00$256
Nov 2015029538.792.17$639
Oct 2015089443.552.43$2,169
Sep 2015020042.992.76$552
Aug 2015011340.162.87$325
Jul 2015065048.152.95$1,914
Jun 201501,50956.152.88$4,350
May 201501,85955.212.96$5,494
Apr 201501,96549.822.71$5,318
Mar 201502,20242.892.93$6,462
Feb 201501,90044.662.98$5,655
Jan 201502,10643.433.10$6,530
Dec 2014096754.693.59$3,473
Nov 2014086270.464.25$3,665
Oct 201401,09878.303.90$4,283
Sep 201402,32286.164.05$9,394
Aug 201401,24589.394.04$5,024
Jul 201402,00796.564.18$8,388
Jun 201402,09098.164.74$9,900
May 201403,35794.734.73$15,867
Apr 201403,82495.944.81$18,390
Mar 2014193,15095.895.06$17,751
Feb 201405397.406.19$328
Jan 2014020390.404.86$987
Dec 2013027091.824.35$1,176
Nov 201307788.853.74$288
Oct 2013013397.423.78$503
Sep 20130627104.113.72$2,331
Aug 20130660104.253.52$2,325
Jul 20130648102.523.72$2,409
Jun 2013010894.403.93$425
May 2013031794.834.15$1,315
Apr 2013057993.964.28$2,480
Mar 2013039193.623.91$1,530
Feb 20130791.233.42$24
Jan 201301991.603.42$65
Dec 2012050286.773.42$1,717
Nov 201203886.953.62$138
Oct 2012077789.383.40$2,642
Sep 201209494.672.92$274
Aug 201206592.662.91$189
Jul 2012031985.133.02$964
Jun 2012060479.822.52$1,522
May 201202,31691.612.49$5,763
Apr 201202,715101.652.00$5,421
Mar 201202,905105.052.22$6,455
Feb 2012066101.102.57$170
Jan 2012077698.092.73$2,122
Dec 201101,84996.873.24$5,990
Nov 2011632,58795.723.31$14,597
Oct 201121,75684.983.65$6,577
Sep 2011281083.623.99$3,396
Aug 201122,81283.404.15$11,835
Jul 201153,18594.144.52$14,858
Jun 201132,44492.904.64$11,619
May 2011323,90098.134.40$20,319
Apr 201123,952105.964.33$17,337
Mar 201124,29396.364.06$17,611
Feb 201111,64885.644.18$6,974
Jan 201122,90886.504.59$13,517
Dec 201022,62085.734.35$11,563
Nov 201002,30480.843.80$8,744
Oct 2010663,20478.103.51$16,397
Sep 201031,67572.633.98$6,884
Aug 201011,62273.684.42$7,242
Jul 201011,80872.554.74$8,636
Jun 201044,22170.364.91$21,008
May 201012,18771.124.24$9,334
Apr 201002,80681.694.12$11,568
Mar 201003,14178.394.39$13,785
Feb 201002,98273.585.44$16,229
Jan 2010754,86674.365.96$34,598
Dec 200903,91871.445.48$21,485
Nov 200905,16674.593.75$19,380
Oct 200935,29672.544.11$21,986
Sep 200949,90965.543.06$30,631
Aug 20092186167.423.22$4,187
Jul 2009051661.133.46$1,788
Jun 200902,33666.163.90$9,099
May 200902,91254.743.93$11,432
Apr 200914,62746.773.59$16,646
Mar 200904,24242.144.06$17,218
Feb 200905,18632.814.63$24,027
Jan 200909,47735.865.37$50,901
Dec 200806,31237.105.98$37,728
Nov 200808,77655.496.86$60,207
Oct 200808,62775.246.92$59,716
Sep 2008011,630101.767.88$91,611
Aug 200878,791114.228.48$75,374
Jul 200849,983131.0811.39$114,225
Jun 200801,687131.3313.03$21,986
May 20080193123.1711.57$2,234

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                   31 Mcf  × $  3.05 =        $94

────────────────────────────────────────────────────
Month total                                      $94

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/243436 is the state's own key, not one this site invented.