WORTHY GAS UNIT

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the FREESTONE (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 266509District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.0 M
Sep 2012 – May 2026
Value, last 12 filed months
$126 k
at the published price for each month
Months reported
165
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 960 leases and 960 wells, and the rule below applies to all of them.

Discovered
2006-02-28
as the register files it
Field class
Gas
the register's own label
Between wells
600 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 2016-11-15.

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: PLATS FOR INDIVIDUAL WELLS IN THE FIELD IF THEY CHOOSE.

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 Gas112013-03-21209262
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
CondensateDisposition567 bbl$43,971
GasProduction1,421,930 Mcf$4,923,977
Total$4,967,948

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 31.4936, -96.2475. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.49356, -96.24751 · 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
12,460 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 12,460 ft.

Completions filed
Dec 2012
1 of 1 wells

1 well

42-161347992312,460 ftDec 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 (165)

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

165 months

May 202602,986106.413.05$9,095
Apr 202602,48798.932.87$7,137
Mar 202602,74289.753.15$8,636
Feb 202602,28463.503.75$8,566
Jan 202604,00659.138.00$32,040
Dec 202503,98656.664.41$17,592
Nov 202502,64758.593.93$10,393
Oct 202502,67959.383.30$8,854
Sep 202502,05162.743.08$6,311
Aug 202502,58763.933.01$7,799
Jul 202501,32566.743.32$4,393
Jun 202501,55566.483.13$4,865
May 202502,98160.553.23$9,636
Apr 202503,30862.363.54$11,721
Mar 2025282,64667.704.27$13,190
Feb 202501,77570.884.34$7,705
Jan 202502,43974.324.28$10,436
Dec 202403,32468.993.12$10,375
Nov 202405,06769.052.20$11,140
Oct 202405,10871.372.28$11,653
Sep 202403,82569.612.36$9,044
Aug 202403,35975.632.06$6,932
Jul 202403,85479.932.15$8,273
Jun 202404,07278.082.63$10,726
May 20240078.812.20$0
Apr 202402,74084.451.66$4,546
Mar 202404,14780.301.55$6,408
Feb 202403,92276.091.78$6,995
Jan 202403,60273.023.30$11,878
Dec 202304,09571.262.61$10,691
Nov 202302,63477.892.81$7,395
Oct 202302,61685.443.09$8,076
Sep 202302,59789.042.74$7,103
Aug 202302,78980.522.67$7,455
Jul 202304,03774.852.64$10,665
Jun 202305,58268.962.26$12,607
May 202304,34770.622.23$9,683
Apr 2023195,29878.122.24$13,340
Mar 202305,82272.852.39$13,933
Feb 202305,73475.112.47$14,138
Jan 202304,92976.533.39$16,698
Dec 202206,21076.415.73$35,578
Nov 202206,72385.005.65$37,959
Oct 202203,14187.185.86$18,418
Sep 202201,50484.888.16$12,278
Aug 202202,46494.529.13$22,489
Jul 202201,802101.587.54$13,591
Jun 202201,660115.097.98$13,242
May 202271,285109.378.43$11,602
Apr 202201,177104.226.84$8,048
Mar 202201,814108.885.08$9,209
Feb 202201,31791.054.86$6,399
Jan 202201,41681.844.54$6,425
Dec 2021090971.323.90$3,544
Nov 2021059077.435.24$3,090
Oct 202101,41679.795.71$8,091
Sep 202181,43569.865.35$8,237
Aug 202101,16866.024.22$4,930
Jul 2021093170.783.98$3,707
Jun 202101,36569.493.38$4,615
May 202101,70163.483.02$5,133
Apr 202101,46260.362.76$4,033
Mar 202101,01561.302.72$2,758
Feb 202101,23257.805.55$6,835
Jan 202101,63250.412.81$4,586
Dec 202001,45844.642.68$3,901
Nov 202001,20038.772.71$3,248
Oct 202002,54736.972.48$6,313
Sep 202002,70437.091.99$5,384
Aug 202001,91239.982.39$4,560
Jul 202001,99738.371.83$3,645
Jun 2020132,12634.901.69$4,047
May 202001,55516.921.81$2,822
Apr 202001,22014.751.80$2,201
Mar 202002,59030.341.86$4,808
Feb 202001,60749.881.98$3,183
Jan 202002,31757.252.09$4,854
Dec 201903,85659.012.30$8,886
Nov 201902,67555.302.75$7,358
Oct 201903,42553.472.42$8,284
Sep 201903,33355.052.66$8,857
Aug 201903,94553.112.30$9,091
Jul 2019124,59956.272.46$11,989
Jun 2019134,57552.782.49$12,083
May 201904,99258.482.74$13,680
Apr 201903,49862.632.75$9,622
Mar 201904,58656.803.06$14,043
Feb 201903,08650.852.79$8,617
Jan 201904,25146.033.23$13,723
Dec 201801,87446.594.19$7,844
Nov 2018763452.934.24$3,057
Oct 201803,62461.443.40$12,315
Sep 201805,35359.543.11$16,637
Aug 2018125,14159.403.07$16,478
Jul 201801,83765.142.93$5,386
Jun 201803,89260.183.08$11,975
May 201875,03165.382.90$15,052
Apr 201804,93263.842.90$14,307
Mar 201805,20461.222.79$14,503
Feb 201876,69461.782.77$18,949
Jan 201802,97362.874.01$11,920
Dec 201705,12357.272.92$14,967
Nov 201705,47355.423.12$17,067
Oct 201774,65249.292.98$14,225
Sep 201704,82747.523.09$14,902
Aug 201705,58845.373.00$16,789
Jul 201704,60643.873.09$14,220
Jun 201775,11842.493.09$16,098
May 201755,49345.373.26$18,153
Apr 201704,94847.933.21$15,891
Mar 201744,60346.772.98$13,921
Feb 201704,71750.452.95$13,927
Jan 201785,93449.413.42$20,682
Dec 201605,73648.763.72$21,354
Nov 201606,33342.492.64$16,747
Oct 201605,63746.193.09$17,420
Sep 2016296,80441.553.10$22,302
Aug 201606,78041.442.92$19,827
Jul 201606,92141.622.92$20,239
Jun 201685,49645.352.69$15,124
May 201606,96942.521.99$13,876
Apr 201696,41036.561.99$13,092
Mar 201607,85033.011.79$14,083
Feb 201688,05626.472.06$16,836
Jan 201649,03627.352.36$21,474
Dec 201518,45932.362.00$16,962
Nov 201506,40938.792.17$13,890
Oct 201506,85443.552.43$16,632
Sep 201506,49842.992.76$17,924
Aug 201507,52940.162.87$21,627
Jul 201507,35448.152.95$21,658
Jun 201517,86256.152.88$22,721
May 201509,82855.212.96$29,046
Apr 2015010,20449.822.71$27,618
Mar 2015012,14642.892.93$35,645
Feb 201509,31844.662.98$27,732
Jan 2015013,08243.433.10$40,562
Dec 2014110,75154.693.59$38,665
Nov 2014012,25470.464.25$52,102
Oct 2014311,95578.303.90$46,871
Sep 2014410,91786.164.05$44,509
Aug 2014012,09989.394.04$48,821
Jul 2014011,81196.564.18$49,365
Jun 2014711,97298.164.74$57,397
May 2014013,40694.734.73$63,364
Apr 20141414,49895.944.81$71,066
Mar 2014016,63395.895.06$84,110
Feb 2014016,75597.406.19$103,747
Jan 20142720,17990.404.86$100,525
Dec 20135718,24191.824.35$84,664
Nov 2013017,70888.853.74$66,197
Oct 2013019,80697.423.78$74,854
Sep 2013020,212104.113.72$75,143
Aug 2013023,184104.253.52$81,668
Jul 2013024,809102.523.72$92,233
Jun 201313327,29394.403.93$119,910
May 2013032,32594.834.15$134,119
Apr 20133434,85393.964.28$152,456
Mar 2013039,33193.623.91$153,897
Feb 2013037,55391.233.42$128,428
Jan 20133449,75591.603.42$173,272
Dec 20122950,16386.773.42$174,082
Nov 2012071,17286.953.62$257,996
Oct 2012098,51689.383.40$334,923
Sep 20120144,53094.672.92$421,796

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                2,986 Mcf  × $  3.05 =     $9,095

────────────────────────────────────────────────────
Month total                                   $9,095

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/266509 is the state's own key, not one this site invented.