GILLEN, IRA

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 266157District 05Field 064768002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.3 M
Jan 2012 – May 2026
Value, last 12 filed months
$196 k
at the published price for each month
Months reported
173
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 Gas112013-03-07208813
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
CondensateDisposition12,963 bbl$943,368
GasProduction1,009,243 Mcf$3,402,152
Total$4,345,520

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 31.3553, -96.2936. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.35525, -96.29358 · 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
10,196 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 10,196 ft.

Completions filed
Mar 2012
1 of 1 wells

1 well

42-28931961310,196 ftMar 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 (173)

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

173 months

May 202602,912106.413.05$8,869
Apr 20261754,03398.932.87$28,886
Mar 202604,60889.753.15$14,513
Feb 202603,77763.503.75$14,165
Jan 20261303,50859.138.00$35,744
Dec 202503,28356.664.41$14,489
Nov 202503,33958.593.93$13,110
Oct 202503,11159.383.30$10,281
Sep 20251192,59362.743.08$15,445
Aug 202503,86263.933.01$11,643
Jul 202503,93166.743.32$13,032
Jun 20251062,84666.483.13$15,951
May 20251254,40160.553.23$21,794
Apr 202503,97862.363.54$14,095
Mar 202504,49467.704.27$19,182
Feb 20251164,03570.884.34$25,737
Jan 20251064,49174.324.28$27,093
Dec 202405,47168.993.12$17,077
Nov 202402,30669.052.20$5,070
Oct 20241024,46471.372.28$17,464
Sep 202404,62069.612.36$10,923
Aug 2024984,96675.632.06$17,660
Jul 202404,92279.932.15$10,566
Jun 202406,96278.082.63$18,338
May 202499078.812.20$7,802
Apr 202403,55384.451.66$5,895
Mar 20241135,88480.301.55$18,165
Feb 20241235,05976.091.78$18,383
Jan 20241215,22873.023.30$26,076
Dec 20231368,21671.262.61$31,141
Nov 20230077.892.81$0
Oct 202301,26885.443.09$3,915
Sep 202304,20089.042.74$11,487
Aug 20231244,31680.522.67$21,521
Jul 202304,70174.852.64$12,419
Jun 20231184,13368.962.26$17,472
May 20231224,41770.622.23$18,454
Apr 202304,37578.122.24$9,790
Mar 20231184,38272.852.39$19,083
Feb 202304,08075.112.47$10,060
Jan 20231255,12076.533.39$26,911
Dec 20221125,76076.415.73$41,557
Nov 2022925,48485.005.65$38,784
Oct 2022645,49887.185.86$37,818
Sep 2022624,65384.888.16$43,248
Aug 202204,85094.529.13$44,267
Jul 2022704,755101.587.54$42,973
Jun 2022675,303115.097.98$50,014
May 202204,800109.378.43$40,479
Apr 2022685,015104.226.84$41,378
Mar 20221415,391108.885.08$42,719
Feb 202204,46491.054.86$21,690
Jan 2022685,27981.844.54$29,520
Dec 20211155,12671.323.90$28,189
Nov 202105,18977.435.24$27,174
Oct 2021304,59779.795.71$28,660
Sep 202104,73469.865.35$25,331
Aug 2021304,79466.024.22$22,214
Jul 2021304,84670.783.98$21,421
Jun 2021304,57169.493.38$17,538
May 2021314,53363.483.02$15,647
Apr 2021304,70060.362.76$14,775
Mar 2021704,71861.302.72$17,110
Feb 202103,95357.805.55$21,931
Jan 2021385,46050.412.81$17,260
Dec 2020385,60344.642.68$16,687
Nov 2020955,03338.772.71$17,305
Oct 202005,70036.972.48$14,127
Sep 202004,39137.091.99$8,743
Aug 2020585,13739.982.39$14,571
Jul 20201065,30538.371.83$13,749
Jun 2020525,31834.901.69$10,804
May 202005,37516.921.81$9,754
Apr 202005,35014.751.80$9,653
Mar 2020515,36030.341.86$11,497
Feb 20201045,36249.881.98$15,808
Jan 2020485,54457.252.09$14,361
Dec 2019565,25159.012.30$15,405
Nov 2019546,24155.302.75$20,153
Oct 2019455,69953.472.42$16,189
Sep 2019446,52755.052.66$19,766
Aug 201905,63853.112.30$12,992
Jul 2019895,91556.272.46$19,559
Jun 2019426,18052.782.49$17,612
May 2019436,11158.482.74$19,261
Apr 2019466,56262.632.75$20,931
Mar 20191025,77356.803.06$23,471
Feb 201905,50350.852.79$15,366
Jan 2019637,19846.033.23$26,136
Dec 20181118,65746.594.19$41,405
Nov 201805,78752.934.24$24,521
Oct 2018846,31961.443.40$26,633
Sep 2018336,13459.543.11$21,029
Aug 201805,67759.403.07$17,409
Jul 2018205,97265.142.93$18,812
Jun 20181005,24660.183.08$22,160
May 201805,75665.382.90$16,697
Apr 20181016,50963.842.90$25,329
Mar 20181056,61961.222.79$24,874
Feb 201805,30561.782.77$14,674
Jan 2018705,54362.874.01$26,625
Dec 2017626,93957.272.92$23,823
Nov 2017766,90755.423.12$25,750
Oct 2017796,93449.292.98$24,583
Sep 201707,51847.523.09$23,210
Aug 201706,80345.373.00$20,439
Jul 2017916,65043.873.09$24,523
Jun 2017776,84542.493.09$24,404
May 20171627,54645.373.26$31,976
Apr 201707,59047.933.21$24,376
Mar 20171626,48146.772.98$26,914
Feb 2017736,66950.452.95$23,374
Jan 20171436,99249.413.42$30,970
Dec 201607,68248.763.72$28,599
Nov 20161467,56642.492.64$26,211
Oct 201606,38346.193.09$19,725
Sep 2016786,15541.553.10$22,325
Aug 2016636,14641.442.92$20,584
Jul 2016636,31241.622.92$21,080
Jun 2016626,20945.352.69$19,488
May 2016636,51842.521.99$15,656
Apr 2016636,31036.561.99$14,867
Mar 20161266,72933.011.79$16,231
Feb 2016626,09026.472.06$14,209
Jan 2016617,21027.352.36$18,715
Dec 20151336,99732.362.00$18,308
Nov 2015687,17838.792.17$18,195
Oct 2015657,94843.552.43$22,117
Sep 20151267,84942.992.76$27,068
Aug 2015638,40340.162.87$26,668
Jul 2015576,98548.152.95$23,316
Jun 20151137,23056.152.88$27,188
May 201507,38155.212.96$21,814
Apr 20151217,27349.822.71$25,713
Mar 2015657,66142.892.93$25,271
Feb 20151227,50744.662.98$27,791
Jan 20151177,83243.433.10$29,365
Dec 2014577,72254.693.59$30,850
Nov 2014625,97770.464.25$29,782
Oct 2014617,35878.303.90$33,480
Sep 20141136,94786.164.05$37,840
Aug 2014447,43489.394.04$33,930
Jul 2014107,61696.564.18$32,797
Jun 20141477,46198.164.74$49,771
May 20141718,70394.734.73$57,334
Apr 20141478,10195.944.81$53,062
Mar 20141629,13895.895.06$61,743
Feb 20141128,46597.406.19$63,324
Jan 20141048,91090.404.86$52,711
Dec 201310510,06691.824.35$53,473
Nov 20131028,74288.853.74$41,743
Oct 2013939,48597.423.78$44,907
Sep 20131659,984104.113.72$54,296
Aug 20131019,672104.253.52$44,600
Jul 2013387,952102.523.72$33,459
Jun 2013375,25694.403.93$24,167
May 20131735,23594.834.15$38,126
Apr 20132366,14093.964.28$48,470
Mar 20132424,68793.623.91$40,996
Feb 20131166,10591.233.42$31,461
Jan 20131186,23791.603.42$32,139
Dec 20121846,44786.773.42$38,015
Nov 2012892,78086.953.62$17,816
Oct 20122214,67989.383.40$35,660
Sep 20123037,41494.672.92$50,322
Aug 20122938,73292.662.91$52,543
Jul 201221711,56285.133.02$53,400
Jun 20122308,88779.822.52$40,745
May 20121124,36791.612.49$21,127
Apr 20123147,166101.652.00$46,227
Mar 20121898,166105.052.22$38,000
Feb 2012683,854101.102.57$16,781
Jan 2012814,45098.092.73$20,112

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                2,912 Mcf  × $  3.05 =     $8,869

────────────────────────────────────────────────────
Month total                                   $8,869

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/266157 is the state's own key, not one this site invented.