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 245121District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.9 M
Nov 2008 – May 2026
Value, last 12 filed months
$112 k
at the published price for each month
Months reported
211
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 Gas112009-03-09190117
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
CondensateDisposition505 bbl$33,968
GasProduction2,762,103 Mcf$10,849,829
Total$10,883,797

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 31.3873, -96.2753. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38725, -96.27530 · 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
14,615 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 14,615 ft.

Completions filed
Nov 2008
1 of 1 wells

1 well

42-28931644614,615 ftNov 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 (211)

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

211 months

May 20260770106.413.05$2,345
Apr 202601,01798.932.87$2,919
Mar 202601,43089.753.15$4,504
Feb 20264352263.503.75$4,688
Jan 202601,21659.138.00$9,725
Dec 202503,34356.664.41$14,754
Nov 202502,79258.593.93$10,963
Oct 202503,70459.383.30$12,241
Sep 202504,52362.743.08$13,917
Aug 202503,82363.933.01$11,525
Jul 202503,49866.743.32$11,597
Jun 202504,02566.483.13$12,593
May 202504,47960.553.23$14,478
Apr 2025326,48462.363.54$24,969
Mar 202507,03567.704.27$30,028
Feb 202506,46570.884.34$28,064
Jan 202505,35774.324.28$22,921
Dec 202404,67568.993.12$14,592
Nov 202407,66969.052.20$16,860
Oct 202407,66071.372.28$17,476
Sep 202407,34469.612.36$17,364
Aug 202406,18275.632.06$12,757
Jul 2024152,79379.932.15$7,194
Jun 202404,35478.082.63$11,468
May 20240078.812.20$0
Apr 202405,04384.451.66$8,367
Mar 202407,75280.301.55$11,978
Feb 202404,94776.091.78$8,824
Jan 202402,07273.023.30$6,833
Dec 202302,90171.262.61$7,574
Nov 202305,59277.892.81$15,700
Oct 202305,43785.443.09$16,786
Sep 202302,57989.042.74$7,054
Aug 202303,32680.522.67$8,890
Jul 202302,84774.852.64$7,521
Jun 202303,01668.962.26$6,812
May 202302,68970.622.23$5,989
Apr 202343,08478.122.24$7,214
Mar 202302,55372.852.39$6,110
Feb 202302,20475.112.47$5,434
Jan 202302,67576.533.39$9,062
Dec 202205,54076.415.73$31,739
Nov 202202,64585.005.65$14,934
Oct 202202,80287.185.86$16,430
Sep 202206,28184.888.16$51,276
Aug 202205,01394.529.13$45,754
Jul 202201,894101.587.54$14,285
Jun 2022165,197115.097.98$43,299
May 202207,300109.378.43$61,561
Apr 202207,065104.226.84$48,308
Mar 202207,715108.885.08$39,164
Feb 202208,44691.054.86$41,038
Jan 202204,66981.844.54$21,186
Dec 202106,61871.323.90$25,804
Nov 202109,02277.435.24$47,247
Oct 202108,56479.795.71$48,934
Sep 202109,08069.865.35$48,586
Aug 202108,25966.024.22$34,858
Jul 202106,38070.783.98$25,406
Jun 2021010,57169.493.38$35,737
May 202109,95663.483.02$30,044
Apr 202109,80560.362.76$27,046
Mar 2021011,17661.302.72$30,365
Feb 202104,74857.805.55$26,342
Jan 202101,19250.412.81$3,350
Dec 202001,79744.642.68$4,808
Nov 2020022738.772.71$614
Oct 2020029936.972.48$741
Sep 20200037.091.99$0
Aug 20201039.982.39$40
Jul 202003538.371.83$64
Jun 2020050634.901.69$855
May 2020029916.921.81$543
Apr 202002,05214.751.80$3,703
Mar 202004,14630.341.86$7,696
Feb 202032,93649.881.98$5,965
Jan 202003,47357.252.09$7,275
Dec 201905,21059.012.30$12,006
Nov 201901,34255.302.75$3,691
Oct 201901,67153.472.42$4,041
Sep 201903,91355.052.66$10,398
Aug 201903,46953.112.30$7,994
Jul 201905,24256.272.46$12,896
Jun 201906,37252.782.49$15,874
May 2019177,44558.482.74$21,396
Apr 201901,60662.632.75$4,418
Mar 201905,79556.803.06$17,745
Feb 201903,95250.852.79$11,035
Jan 201904,50946.033.23$14,556
Dec 201805,55946.594.19$23,267
Nov 201804,75852.934.24$20,161
Oct 201801,87561.443.40$6,371
Sep 201807,59359.543.11$23,599
Aug 2018289,43959.403.07$30,608
Jul 201801,82265.142.93$5,342
Jun 2018010,20860.183.08$31,409
May 201801,31765.382.90$3,820
Apr 201804,26063.842.90$12,357
Mar 201809,01661.222.79$25,126
Feb 201803,93061.782.77$10,871
Jan 201804,60962.874.01$18,479
Dec 2017110,67157.272.92$31,233
Nov 2017047955.423.12$1,494
Oct 201706,32449.292.98$18,869
Sep 201706,18047.523.09$19,079
Aug 201709,61745.373.00$28,893
Jul 201708,67043.873.09$26,767
Jun 2017217,73442.493.09$24,769
May 201709,93145.373.26$32,409
Apr 201709,04547.933.21$29,049
Mar 201706,37446.772.98$19,018
Feb 2017186,97150.452.95$21,491
Jan 201706,56549.413.42$22,444
Dec 201686,49448.763.72$24,566
Nov 201607,25042.492.64$19,172
Oct 201608,07446.193.09$24,951
Sep 201607,04741.553.10$21,850
Aug 201607,38041.442.92$21,582
Jul 201607,55141.622.92$22,082
Jun 201607,14445.352.69$19,188
May 201607,13742.521.99$14,210
Apr 201607,06236.561.99$14,061
Mar 201608,93933.011.79$16,037
Feb 201608,27526.472.06$17,077
Jan 201608,89327.352.36$21,026
Dec 201509,26032.362.00$18,533
Nov 201507,47238.792.17$16,194
Oct 201508,26343.552.43$20,051
Sep 201507,80042.992.76$21,516
Aug 201508,77640.162.87$25,209
Jul 201509,09448.152.95$26,783
Jun 201579,01056.152.88$26,368
May 201509,59555.212.96$28,358
Apr 201507,24949.822.71$19,620
Mar 2015265,05842.892.93$15,959
Feb 201509,52044.662.98$28,333
Jan 20151111,19843.433.10$35,199
Dec 201408,77354.693.59$31,507
Nov 201407,82470.464.25$33,266
Oct 201408,54478.303.90$33,330
Sep 201408,12786.164.05$32,877
Aug 2014012,69889.394.04$51,238
Jul 2014012,55796.564.18$52,483
Jun 2014011,29198.164.74$53,484
May 2014012,55694.734.73$59,347
Apr 2014012,76395.944.81$61,379
Mar 2014013,54495.895.06$68,489
Feb 2014011,94597.406.19$73,963
Jan 2014014,10490.404.86$68,556
Dec 2013015,28691.824.35$66,563
Nov 2013012,34888.853.74$46,160
Oct 2013014,91097.423.78$56,350
Sep 2013013,579104.113.72$50,483
Aug 2013016,150104.253.52$56,890
Jul 2013016,748102.523.72$62,265
Jun 2013015,55694.403.93$61,188
May 2013017,88694.834.15$74,210
Apr 2013016,29093.964.28$69,763
Mar 2013018,97193.623.91$74,231
Feb 2013017,69991.233.42$60,529
Jan 2013021,04091.603.42$71,955
Dec 2012021,22986.773.42$72,607
Nov 2012022,63286.953.62$82,040
Oct 2012011,69289.383.40$39,749
Sep 2012016,83194.672.92$49,120
Aug 201202,95592.662.91$8,594
Jul 201201,16785.133.02$3,525
Jun 2012020,78479.822.52$52,356
May 2012023,63391.612.49$58,806
Apr 2012021,060101.652.00$42,053
Mar 2012018,911105.052.22$42,022
Feb 2012019,070101.102.57$49,014
Jan 2012016,19198.092.73$44,267
Dec 2011018,23696.873.24$59,080
Nov 2011024,67295.723.31$81,696
Oct 2011027,19284.983.65$99,211
Sep 2011028,30983.623.99$112,834
Aug 2011028,54183.404.15$118,426
Jul 2011029,17894.144.52$131,804
Jun 2011031,57692.904.64$146,509
May 2011034,97598.134.40$154,059
Apr 2011033,087105.964.33$143,375
Mar 2011134,40396.364.06$139,681
Feb 2011020,60485.644.18$86,124
Jan 2011330,12586.504.59$138,497
Dec 2010033,52885.734.35$145,771
Nov 20105339,07680.843.80$152,591
Oct 2010037,78978.103.51$132,597
Sep 2010038,13172.633.98$151,741
Aug 20104940,37273.684.42$182,029
Jul 20104642,63072.554.74$205,254
Jun 20104443,87070.364.91$218,515
May 20104543,82471.124.24$188,805
Apr 2010043,92381.694.12$181,081
Mar 2010040,65578.394.39$178,421
Feb 2010042,49773.585.44$231,284
Jan 2010040,30174.365.96$240,359
Dec 20091238,33471.445.48$211,071
Nov 2009041,56574.593.75$155,931
Oct 2009039,30672.544.11$161,557
Sep 2009044,91465.543.06$137,650
Aug 2009148,23567.423.22$155,312
Jul 2009072,05661.133.46$249,638
Jun 2009041,86466.163.90$163,060
May 2009049,27354.743.93$193,433
Apr 2009042,11246.773.59$151,077
Mar 2009050,09842.144.06$203,348
Feb 2009059,30532.814.63$274,760
Jan 2009086,69035.865.37$465,612
Dec 2008053,13437.105.98$317,589
Nov 200807,78055.496.86$53,374

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                  770 Mcf  × $  3.05 =     $2,345

────────────────────────────────────────────────────
Month total                                   $2,345

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/245121 is the state's own key, not one this site invented.