BLACK

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 243473District 05Field 30321300CondensateGasSave
Value, all time
$22.5 M
Sep 2008 – May 2026
Value, last 12 filed months
$122 k
at the published price for each month
Months reported
213
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition461 bbl$26,593
GasProduction5,229,759 Mcf$22,489,326
Total$22,515,919

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 31.3830, -96.2886. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38299, -96.28861 · 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
14,500 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 14,500 ft.

Completions filed
Jan 2022
1 of 1 wells

1 well

42-289317491414,500 ftJan 2022

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 (213)

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

213 months

May 2026014106.413.05$43
Apr 2026058698.932.87$1,682
Mar 2026055589.753.15$1,748
Feb 202642,01663.503.75$7,815
Jan 202604,00959.138.00$32,064
Dec 202505,00656.664.41$22,093
Nov 202504,33158.593.93$17,005
Oct 2025034059.383.30$1,124
Sep 202505,09662.743.08$15,680
Aug 202501,69063.933.01$5,095
Jul 202505,35166.743.32$17,740
Jun 2025011366.483.13$354
May 202503,61760.553.23$11,691
Apr 202542,76662.363.54$10,050
Mar 202505,90567.704.27$25,204
Feb 202505,88170.884.34$25,528
Jan 202507,16274.324.28$30,644
Dec 202408,66168.993.12$27,034
Nov 202409,44669.052.20$20,766
Oct 202403,68571.372.28$8,407
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 202410079.932.15$799
Jun 202401578.082.63$40
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 202402,52780.301.55$3,905
Feb 202407,36576.091.78$13,137
Jan 202405,75773.023.30$18,985
Dec 20230071.262.61$0
Nov 202309977.892.81$278
Oct 202302,70985.443.09$8,363
Sep 202304,83489.042.74$13,221
Aug 202305,22480.522.67$13,963
Jul 202307,66674.852.64$20,252
Jun 202306,09568.962.26$13,765
May 20230070.622.23$0
Apr 202316078.122.24$1,250
Mar 20230072.852.39$0
Feb 202305,70075.112.47$14,054
Jan 202305,40276.533.39$18,300
Dec 202209,64176.415.73$55,234
Nov 202206,29085.005.65$35,515
Oct 202205,63787.185.86$33,054
Sep 202206,14084.888.16$50,125
Aug 202205,18494.529.13$47,315
Jul 2022010,022101.587.54$75,587
Jun 2022226,692115.097.98$55,915
May 202205,237109.378.43$44,164
Apr 2022011,682104.226.84$79,877
Mar 202208,737108.885.08$44,353
Feb 2022246,31791.054.86$32,878
Jan 202201081.844.54$45
Dec 202104,03971.323.90$15,749
Nov 202107,47977.435.24$39,166
Oct 202109,17179.795.71$52,402
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 202102,13669.493.38$7,221
May 202109,31563.483.02$28,110
Apr 202108,35660.362.76$23,049
Mar 202104,58161.302.72$12,446
Feb 2021525,06457.805.55$31,100
Jan 2021011,03550.412.81$31,011
Dec 202007,42444.642.68$19,863
Nov 202004,96338.772.71$13,433
Oct 202008,12436.972.48$20,135
Sep 202002,48737.091.99$4,952
Aug 2020479,54939.982.39$24,654
Jul 2020012,31538.371.83$22,476
Jun 2020010,00034.901.69$16,903
May 202008,56216.921.81$15,538
Apr 2020012,09514.751.80$21,824
Mar 2020013,62830.341.86$25,297
Feb 20205114,41349.881.98$31,091
Jan 202009,03457.252.09$18,924
Dec 201909,34859.012.30$21,541
Nov 2019011,09855.302.75$30,527
Oct 201908,65953.472.42$20,942
Sep 2019012,21855.052.66$32,467
Aug 201905,04353.112.30$11,621
Jul 201903,64056.272.46$8,955
Jun 201909,76752.782.49$24,332
May 20193910,26458.482.74$30,407
Apr 2019011,55662.632.75$31,787
Mar 2019010,77656.803.06$32,997
Feb 2019010,21850.852.79$28,531
Jan 201909,42446.033.23$30,422
Dec 2018013,00346.594.19$54,423
Nov 2018012,30652.934.24$52,143
Oct 2018015,18461.443.40$51,596
Sep 2018015,97659.543.11$49,653
Aug 2018115,34059.403.07$47,100
Jul 2018012,82565.142.93$37,601
Jun 2018016,22960.183.08$49,935
May 2018017,91665.382.90$51,971
Apr 2018015,40863.842.90$44,696
Mar 2018015,97561.222.79$44,520
Feb 2018014,97161.782.77$41,412
Jan 2018017,48962.874.01$70,119
Dec 2017318,71557.272.92$54,848
Nov 2017019,17055.423.12$59,779
Oct 2017019,58549.292.98$58,435
Sep 2017017,42747.523.09$53,802
Aug 2017020,05845.373.00$60,262
Jul 2017011,50343.873.09$35,513
Jun 20173016,24642.493.09$51,431
May 2017016,21745.373.26$52,923
Apr 2017014,35147.933.21$46,090
Mar 2017010,00846.772.98$29,861
Feb 20173610,67950.452.95$33,347
Jan 2017012,56149.413.42$42,944
Dec 20161212,13648.763.72$45,765
Nov 2016012,73342.492.64$33,671
Oct 2016012,38346.193.09$38,267
Sep 2016010,23941.553.10$31,747
Aug 2016011,26641.442.92$32,946
Jul 201609,82441.622.92$28,729
Jun 2016010,14645.352.69$27,250
May 2016011,20442.521.99$22,308
Apr 2016011,01736.561.99$21,935
Mar 2016013,36033.011.79$23,968
Feb 2016012,57626.472.06$25,952
Jan 2016015,27827.352.36$36,123
Dec 2015016,07532.362.00$32,173
Nov 2015013,83638.792.17$29,987
Oct 2015114,64543.552.43$35,581
Sep 2015017,04442.992.76$47,015
Aug 2015016,93740.162.87$48,651
Jul 2015017,17148.152.95$50,570
Jun 20151812,38056.152.88$36,701
May 2015014,81955.212.96$43,797
Apr 2015015,48349.822.71$41,906
Mar 20154516,80142.892.93$51,236
Feb 2015015,30844.662.98$45,560
Jan 20152020,76543.433.10$65,253
Dec 2014016,66354.693.59$59,843
Nov 2014016,97570.464.25$72,175
Oct 2014017,59978.303.90$68,653
Sep 2014016,53786.164.05$66,899
Aug 2014024,92789.394.04$100,583
Jul 2014024,75696.564.18$103,470
Jun 2014022,70798.164.74$107,560
May 2014025,23394.734.73$119,265
Apr 2014026,21395.944.81$126,061
Mar 2014027,16895.895.06$137,383
Feb 2014026,39997.406.19$163,463
Jan 2014030,22390.404.86$146,906
Dec 2013027,84191.824.35$121,233
Nov 2013025,74688.853.74$96,246
Oct 2013025,91597.423.78$97,942
Sep 2013021,566104.113.72$80,177
Aug 2013027,006104.253.52$95,132
Jul 2013026,076102.523.72$96,944
Jun 2013025,18894.403.93$99,075
May 2013028,98194.834.15$120,244
Apr 2013027,01693.964.28$115,698
Mar 2013029,57993.623.91$115,739
Feb 2013027,96291.233.42$95,628
Jan 2013033,23191.603.42$113,647
Dec 2012033,78186.773.42$115,536
Nov 2012033,95586.953.62$123,086
Oct 2012038,58889.383.40$131,187
Sep 2012038,52094.672.92$112,417
Aug 2012042,06992.662.91$122,343
Jul 2012042,95485.133.02$129,755
Jun 2012042,04079.822.52$105,900
May 2012042,83691.612.49$106,590
Apr 2012040,048101.652.00$79,968
Mar 2012040,128105.052.22$89,168
Feb 2012040,131101.102.57$103,146
Jan 2012037,90698.092.73$103,638
Dec 2011040,01896.873.24$129,648
Nov 2011039,18795.723.31$129,759
Oct 2011047,63084.983.65$173,780
Sep 2011044,36983.623.99$176,846
Aug 2011048,23683.404.15$200,147
Jul 2011050,87294.144.52$229,801
Jun 2011050,11592.904.64$232,528
May 2011055,13398.134.40$242,851
Apr 2011054,498105.964.33$236,155
Mar 2011054,20396.364.06$219,920
Feb 2011048,29985.644.18$201,889
Jan 2011055,36186.504.59$254,039
Dec 2010058,27985.734.35$253,383
Nov 2010049,38680.843.80$187,436
Oct 2010058,53678.103.51$205,396
Sep 2010056,95072.633.98$226,631
Aug 2010059,36873.684.42$262,369
Jul 2010057,42172.554.74$271,974
Jun 2010059,44470.364.91$291,894
May 2010063,12471.124.24$267,344
Apr 2010064,96881.694.12$267,843
Mar 2010070,17878.394.39$307,988
Feb 2010060,91273.585.44$331,505
Jan 2010068,48574.365.96$408,451
Dec 20092584,31471.445.48$464,143
Nov 2009088,95974.593.75$333,730
Oct 2009093,71572.544.11$385,192
Sep 2009080,83965.543.06$247,751
Aug 2009161,99467.423.22$199,595
Jul 2009065,28361.133.46$226,173
Jun 2009017,14166.163.90$66,764
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 2009028,84142.144.06$117,066
Feb 20090122,09532.814.63$565,666
Jan 20090143,69235.865.37$771,770
Dec 20080261,15937.105.98$1,560,984
Nov 20080244,80255.496.86$1,679,430
Oct 20080233,26875.246.92$1,614,676
Sep 20080114,661101.767.88$903,195

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                   14 Mcf  × $  3.05 =        $43

────────────────────────────────────────────────────
Month total                                      $43

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/243473 is the state's own key, not one this site invented.