RUSSELL "A"

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

Gas lease lease 262523District 05Field 064768002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.3 M
May 2011 – May 2026
Value, last 12 filed months
$20 k
at the published price for each month
Months reported
181
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 271 leases and 271 wells, and the rule below applies to all of them.

Discovered
1980-03-18
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 2007-09-11.

The Commission's schedule remark for this field reads: FOR 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 Gas112012-05-23205430
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
CondensateDisposition7,276 bbl$619,574
GasProduction499,215 Mcf$1,689,440
Total$2,309,014

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 31.3666, -96.2160. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.36664, -96.21602 · 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
10,200 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 10,200 ft.

Completions filed
Jan 2012
1 of 1 wells

1 well

42-28931920610,200 ftJan 2012

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 (181)

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

181 months

May 20260393106.413.05$1,197
Apr 20262636498.932.87$3,617
Mar 2026031489.753.15$989
Feb 2026035663.503.75$1,335
Jan 2026030959.138.00$2,471
Dec 2025037856.664.41$1,668
Nov 2025030458.593.93$1,194
Oct 2025032759.383.30$1,081
Sep 2025038862.743.08$1,194
Aug 2025045163.933.01$1,360
Jul 2025038666.743.32$1,280
Jun 20252538366.483.13$2,860
May 2025046560.553.23$1,503
Apr 2025049162.363.54$1,740
Mar 2025046367.704.27$1,976
Feb 20252037070.884.34$3,024
Jan 2025040774.324.28$1,741
Dec 2024030968.993.12$965
Nov 2024037569.052.20$824
Oct 2024046771.372.28$1,065
Sep 2024050269.612.36$1,187
Aug 2024035975.632.06$741
Jul 2024039679.932.15$850
Jun 2024037878.082.63$996
May 20240578.812.20$11
Apr 20242025784.451.66$2,115
Mar 2024047580.301.55$734
Feb 2024042376.091.78$754
Jan 2024026073.023.30$857
Dec 2023036671.262.61$956
Nov 202301,22677.892.81$3,442
Oct 2023041185.443.09$1,269
Sep 2023380689.042.74$2,472
Aug 2023084880.522.67$2,267
Jul 2023083874.852.64$2,214
Jun 2023086668.962.26$1,956
May 20231492170.622.23$3,040
Apr 2023095778.122.24$2,142
Mar 2023089972.852.39$2,151
Feb 2023094075.112.47$2,318
Jan 202301,04476.533.39$3,537
Dec 20228120976.415.73$7,387
Nov 2022039585.005.65$2,230
Oct 2022038287.185.86$2,240
Sep 2022038984.888.16$3,176
Aug 2022043994.529.13$4,007
Jul 2022105593101.587.54$15,138
Jun 20220462115.097.98$3,685
May 20220645109.378.43$5,439
Apr 202299654104.226.84$14,790
Mar 20220420108.885.08$2,132
Feb 2022059291.054.86$2,876
Jan 20227468781.844.54$9,174
Dec 2021077071.323.90$3,002
Nov 2021090277.435.24$4,724
Oct 202191,79479.795.71$10,969
Sep 2021021369.865.35$1,140
Aug 2021017466.024.22$734
Jul 20211134970.783.98$2,168
Jun 2021056269.493.38$1,900
May 202107363.483.02$220
Apr 20211761960.362.76$2,734
Mar 2021049061.302.72$1,331
Feb 2021027457.805.55$1,520
Jan 20211582350.412.81$3,069
Dec 2020068244.642.68$1,825
Nov 20201066438.772.71$2,185
Oct 2020018436.972.48$456
Sep 2020034137.091.99$679
Aug 2020072439.982.39$1,727
Jul 2020714938.371.83$541
Jun 2020738334.901.69$892
May 2020024416.921.81$443
Apr 2020021314.751.80$384
Mar 2020026230.341.86$486
Feb 20202131649.881.98$1,673
Jan 202001,07057.252.09$2,241
Dec 2019181,90559.012.30$5,452
Nov 2019027255.302.75$748
Oct 201909953.472.42$239
Sep 2019014255.052.66$377
Aug 201901,37453.112.30$3,166
Jul 20190056.272.46$0
Jun 2019111152.782.49$329
May 2019310258.482.74$455
Apr 20191415662.632.75$1,306
Mar 20192321056.803.06$1,949
Feb 201901,47050.852.79$4,105
Jan 201901,15346.033.23$3,722
Dec 201883746.594.19$528
Nov 201806452.934.24$271
Oct 2018048661.443.40$1,651
Sep 20181586559.543.11$3,582
Aug 201801,18459.403.07$3,631
Jul 2018131,30465.142.93$4,670
Jun 2018141,29460.183.08$4,824
May 2018121,43765.382.90$4,953
Apr 2018101,29463.842.90$4,392
Mar 2018121,03861.222.79$3,627
Feb 201802,89061.782.77$7,994
Jan 201893,29862.874.01$13,789
Dec 2017141,96657.272.92$6,545
Nov 2017133,30855.423.12$11,036
Oct 201703,08149.292.98$9,193
Sep 2017182,57347.523.09$8,799
Aug 2017173,24645.373.00$10,524
Jul 201702,65443.873.09$8,194
Jun 2017193,38642.493.09$11,261
May 201703,11845.373.26$10,175
Apr 201703,69747.933.21$11,873
Mar 2017163,06146.772.98$9,881
Feb 2017173,41850.452.95$10,950
Jan 2017123,55749.413.42$12,754
Dec 2016212,47948.763.72$10,253
Nov 201602,70542.492.64$7,153
Oct 2016613,38946.193.09$13,290
Sep 201602,44941.553.10$7,593
Aug 2016301,79141.442.92$6,481
Jul 2016352,27341.622.92$8,104
Jun 201602,52345.352.69$6,776
May 2016393,31942.521.99$8,267
Apr 2016403,78036.561.99$8,989
Mar 2016314,27033.011.79$8,684
Feb 2016353,23126.472.06$7,594
Jan 2016313,93627.352.36$10,154
Dec 2015373,43932.362.00$8,080
Nov 201503,27838.792.17$7,105
Oct 2015383,32943.552.43$9,733
Sep 2015393,20642.992.76$10,520
Aug 2015444,36240.162.87$14,297
Jul 201514,33248.152.95$12,806
Jun 2015823,96756.152.88$16,041
May 2015444,40255.212.96$15,439
Apr 2015434,57949.822.71$14,536
Mar 201505,30142.892.93$15,557
Feb 2015663,71544.662.98$14,004
Jan 2015284,02143.433.10$13,684
Dec 2014264,65454.693.59$18,136
Nov 2014303,78670.464.25$18,211
Oct 2014344,48078.303.90$20,139
Sep 2014714,44486.164.05$24,095
Aug 2014705,05889.394.04$26,667
Jul 201405,64696.564.18$23,598
Jun 2014505,48498.164.74$30,885
May 20141326,12994.734.73$41,473
Apr 2014725,19095.944.81$31,867
Mar 2014604,49495.895.06$28,479
Feb 20141063,40197.406.19$31,383
Jan 20142902,80890.404.86$39,865
Dec 20131872,84791.824.35$29,568
Nov 2013494,57288.853.74$21,445
Oct 201306,53497.423.78$24,694
Sep 201306,833104.113.72$25,403
Aug 201307,027104.253.52$24,753
Jul 201306,960102.523.72$25,875
Jun 201305,99794.403.93$23,589
May 201307,14194.834.15$29,629
Apr 201305,36893.964.28$22,989
Mar 2013526,67393.623.91$30,979
Feb 2013346,57891.233.42$25,598
Jan 201317,49491.603.42$25,720
Dec 20121388,82286.773.42$42,147
Nov 20122256,11186.953.62$41,716
Oct 2012806,73089.383.40$30,030
Sep 20122937,69594.672.92$50,195
Aug 20121527,82292.662.91$36,832
Jul 20121617,76685.133.02$37,165
Jun 20123409,36979.822.52$50,740
May 201224010,96891.612.49$49,278
Apr 201226512,851101.652.00$52,598
Mar 201253617,033105.052.22$94,155
Feb 201247714,567101.102.57$85,665
Jan 201220311,70798.092.73$51,920
Dec 201161,47396.873.24$5,353
Nov 2011281995.723.31$2,903
Oct 201121012384.983.65$18,295
Sep 201141921,17383.623.99$119,428
Aug 20111742,48883.404.15$24,835
Jul 20113479,64394.144.52$76,226
Jun 201112728,15092.904.64$142,411
May 2011301,96298.134.40$11,586

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                  393 Mcf  × $  3.05 =     $1,197

────────────────────────────────────────────────────
Month total                                   $1,197

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/262523 is the state's own key, not one this site invented.